Kategorie: Bitcoin News

• Top US regulators have jointly cleared a path for spot crypto trading.
• The move is a stark reversal from the previous, more skeptical administration.
• Registered exchanges are now invited to engage with the SEC and CFTC.

The floodgates to the heart of the American financial system have been thrown open.

In a landmark and coordinated move, the nation’s top markets watchdogs have given their official blessing for registered trading platforms to deal in spot crypto assets, a stark and powerful reversal that signals a new, pro-innovation era for the digital asset industry.

The joint statement from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on Tuesday is the clearest sign yet of the tectonic shift in Washington’s approach to cryptocurrency.

Under the previous administration, the industry was met with hesitation and skepticism.

Now, under regulators appointed by the avowedly pro-crypto President Donald Trump, a wide and clear path is being paved for digital assets to integrate into the existing financial system.

A coordinated push from the top

This is not a tentative step, but a coordinated sprint.

The agencies revealed that under the SEC’s “Project Crypto” and the CFTC’s ongoing “crypto sprint,” their leaders are actively pushing to fulfill President Trump’s mandate to establish the US as the world’s preeminent crypto hub.

The regulators declared their unified view that existing, regulated exchanges “are not prohibited from facilitating the trading of certain spot crypto asset products.”

This includes CFTC-registered designated contract markets (DCMs) and SEC-registered national securities exchanges (NSEs).

In a clear invitation to Wall Street, the agencies are now encouraging such entities to contact their staff to figure out how to move forward.

The philosophy behind the move was articulated by the leaders themselves.

“Market participants should have the freedom to choose where they trade spot crypto assets,” said SEC Chairman Paul Atkins in a statement.

His counterpart at the CFTC, Acting Chairman Caroline Pham, echoed this sentiment, calling the joint statement “the latest demonstration of our mutual objective of supporting growth and development in these markets, but it will not be the last.”

Clearing the path as Congress deliberates

While the statement did not detail which specific cryptocurrencies would be covered, referring only to “certain spot crypto asset products,” its intent is unmistakable.

The regulators are acting decisively, using their existing authorities to open the financial system to crypto now, even as Congress continues its slow and deliberate work on a more sweeping set of market rules.

This move also directly addresses one of the most persistent and problematic holes in US crypto oversight: the CFTC’s historical lack of clear authority to fully regulate the spot market, where the actual assets are changing hands.

By inviting registered firms to engage, the agencies are effectively building a regulatory bridge while the legislative foundation is still being laid.

The message to the financial world is clear: the era of waiting is over, and the time to build is now.

The post US SEC, CFTC clear path for registered firms to trade spot crypto appeared first on CoinJournal.

• The acquisition cost $449.3 million, with the company paying an average of $110,981 per coin.
• Following the latest acquisition, Strategy’s total Bitcoin holdings rose to 636,505 BTC.
• The company’s latest purchase follows a series of smaller acquisitions in August.

Strategy, the world’s largest public company holding Bitcoin, led by Michael Saylor, disclosed in a US Securities and Exchange Commission filing on Tuesday that it purchased 4,048 Bitcoin between August 25 and September 1.

The acquisition cost $449.3 million, with the company paying an average of $110,981 per coin.

According to CoinGecko data cited in the filing, the purchases were made as Bitcoin prices briefly climbed above $113,000 before dropping below $108,000 last Friday.

Strategy’s BTC bet

Following the latest acquisition, Strategy’s total Bitcoin holdings rose to 636,505 BTC.

The company has acquired its reserves for approximately $46.95 billion, at an average purchase price of $73,765 per coin.

The company said the latest acquisitions were financed through proceeds from at-the-market sales of its Class A common stock (MSTR) as well as its perpetual preferred stock programs, including Strike (STRK), Strife (STRF), and Stride (STRD).

Strategy reported that it sold 1,237,000 MSTR shares for $425.3 million, with $16.31 billion still available for issue under its at-the-market program.

In addition, the company sold 199,509 STRK shares for about $19 million, with $20.39 billion remaining, 237,931 STRF shares for $26.5 million, with $1.8 billion remaining, and 12,973 STRD shares for $1 million, leaving $4.17 billion available.

August buying activity slows

The company’s latest purchase follows a series of smaller acquisitions in August.

Strategy had announced the purchase of 3,081 BTC last week, along with earlier acquisitions of 430 BTC and 155 BTC in the same month.

Combined with the most recent purchase, the company acquired 7,714 BTC in August, significantly lower than the 31,466 BTC bought in July.

Saylor had signalled the likelihood of additional acquisitions ahead of the filing, posting an update to Strategy’s Bitcoin tracker over the weekend, saying Bitcoin was “still on sale.”

The company also confirmed that a group of investors dropped a class action lawsuit on Thursday.

The lawsuit, filed in May, alleged that Strategy had made false and misleading statements about its investment strategy.

The BTC treasury race

According to data from Bitcoin Treasuries, 163 public companies have adopted some form of Bitcoin acquisition model.

Other large holders include MARA with 50,639 BTC, Tether-backed Twenty One with 43,514 BTC, Adam Back and Cantor Fitzgerald-backed Bitcoin Standard Treasury Company with 30,021 BTC, Bullish with 24,000 BTC, Metaplanet with 20,000 BTC, Riot Platforms with 19,239 BTC, Trump Media & Technology Group with 15,000 BTC, CleanSpark with 12,703 BTC, and Coinbase with 11,776 BTC.

 

The post Michael Saylor’s Strategy buys the Bitcoin dip, adds 4,048 BTC appeared first on CoinJournal.

• The largest theft was $91.4 million from anonymous Bitcoin addresses.
• Other victims included Odin.fun ($7 million), BetterBank.io ($5 million), and CrediX Finance ($4.5 million).
• Weak audits, human error, and fast platform launches are driving security risks.

The digital asset industry faced another blow in August as hackers stole $163 million across 16 separate incidents, according to blockchain security firm PeckShield.

This was a jump from July’s $142 million, showing how attacks are becoming more frequent and technically advanced.

The largest theft was $91.4 million from multiple anonymous Bitcoin addresses, underlining the vulnerability of individual investors as well as institutions.

Beyond the immediate financial loss, these incidents raise questions about the security of centralised platforms and the long-term impact on investor trust in the wider crypto market, which continues to expand globally.

$54 million BtcTurk hack highlights exchange weaknesses

One of the biggest cases in August was the breach of BtcTurk, Turkey’s leading crypto exchange, which lost $54 million.

This incident was particularly notable because the same platform had already been hit in June 2024 for another $54 million, bringing its total annual losses above $100 million.

BtcTurk confirmed that unauthorised access had been detected, affected wallets were frozen, and investigations with local authorities were underway.

The repeat nature of the attack highlights how centralised exchanges remain a high-value target, with security defences proving inadequate against persistent attackers.

Other platforms lost $17 million in separate cases

While BtcTurk dominated headlines, smaller but still damaging attacks hit other platforms. Odin.fun lost $7 million, BetterBank.io suffered $5 million in losses, and CrediX Finance was drained of $4.5 million.

These examples show how cybercriminals are not only targeting major exchanges but also smaller platforms, often exploiting weak security audits or untested systems.

The cumulative effect of these breaches demonstrates how no level of the crypto ecosystem is safe from exploitation, whether through technical loopholes or basic operational oversights.

Human error and lack of audits fuel rising attacks

PeckShield’s data shows that the crypto sector’s rapid growth is directly linked to the rising number of hacks. New platforms and protocols are often launched quickly without thorough security reviews, giving attackers multiple entry points.

Alongside structural weaknesses, human error continues to play a major role. Users failing to enable two-factor authentication, relying on weak passwords, or falling victim to phishing scams leave both exchanges and personal wallets open to compromise.

The combination of technical flaws and behavioural lapses is creating an environment where cybercrime thrives, forcing exchanges and investors to reconsider their defences.

Regulatory authorities in multiple jurisdictions have noted these trends, pointing to the need for stricter compliance checks.

Bitcoin dips as investor confidence weakens

The impact of these hacks has extended into the wider market. Bitcoin (BTC) slipped 0.29% in the past 24 hours to trade at $108,361.50, with a market capitalisation of $2.15 trillion.

Analysts warn that repeated breaches could slow mainstream adoption, as every incident erodes investor confidence and strengthens the case for stricter regulations to protect consumers and stabilise trading activity.

The post Crypto hacks in August hit $163 million as exchange risks grow appeared first on CoinJournal.