2026 Crypto trading and market thread

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^^ Turd was mistaken. Section (2)(B) specifies considering the gold revaluation.
 
Cryptocurrency exchange BitMart said Sunday it will wind down its trading platform, ending nine years of operation and sending its exchange token down almost 60% after the announcement.

It is the second crypto exchange to announce a closure in the same week, with perpetuals trading powerhouse BitMEX saying Thursday it would shut down after 11 years, as CoinDesk reported.

The exchange stopped accepting new registrations, deposits and new trading orders from 01:30 UTC on Sunday, it said, with futures accounts moving to reduce-only mode.

All trading, spot and derivatives, ends on Aug. 26, and the platform formally ceases operations on Jan. 31, 2027. Withdrawals stay open throughout, though BitMart urged users to complete identity checks, close positions and submit withdrawal requests before the August cutoff.
...
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www.coindesk.com

BitMart to shut down after nine years, exchange token crashes 58%

Users have a month to close trades and six months to withdraw, and the exchange gave no specific reason for closing.
www.coindesk.com www.coindesk.com

Is this smoke? Is there a fire?
 
 
I had read (by forgot to cross-post here, speculation that the closings are likely related to regulation changes in the EU. These exchanges cannot comply with new EU regs and are having to either change jurisdiction or shut down accounts for European customers (which might be most of their existing business).
 
I believe this is likely going to end up being the black swan that cripples BTC specifically and the entire crypto complex for long time if not permanently:

pmbug

Post in thread 'Crypto crime (financing terror, money laundering, fraud, ponzi, etc.)'

JUST IN: A second Coldcard hack has been reported.

A total of 1,158.81 BTC has been stolen from 2,673 addresses so far, according to Galaxy Research.

Users are urged to review the company's official security guidance as soon as possible‼
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rollcall.com

Crypto bill in limbo as stakeholders ramp up recess efforts

A five-week wait on a crucial Senate vote on major cryptocurrency legislation has opened wide a window of opportunity for both advocates and opponents of the measure, which would flesh out in greater detail a regulatory framework for the still-nascent industry’s U.S. operations. Just before the...
rollcall.com rollcall.com
 

Crypto bill collapses on Senate floor​

The Senate on Tuesday rejected a sweeping cryptocurrency bill amid opposition from Democrats and a handful of Republicans, punctuating a remarkable collapse for the measure following months of acrimonious bipartisan negotiations.

Senators voted 49-50 to reject the so-called Clarity Act, delivering a stinging defeat to the crypto industry. Democrats objected that the bill did not go far enough to address concerns about President Donald Trump’s potential conflicts of interest in the digital assets sector and some Republicans were swayed by concerns from the banking industry.

More:

https://www.msn.com/en-us/money/gen...-on-senate-floor/ar-AA2chQ2U?ocid=socialshare
 
I don't what this is all about yet, but it looks like a banking sector attempt at a 'cbdc' (in quotes because it's not, afaik, a Fed project.

 
Crypto news recaps

www.citationneeded.news

Issue 110 – The Clarity Act collapses

Regulators race to reassure the crypto industry as the industry’s flagship legislation collapses, SBF tries his luck with the Supreme Court, and crypto PACs unleash $30 million against Sherrod Brown
www.citationneeded.news www.citationneeded.news
 


It will be interesting to see how the phase out of Tether from EU crypto firms affects the global crypto market.
 
Russian citizens will not be allowed to buy or sell cryptocurrency directly without state-regulated intermediaries starting next summer, according to official guidance from Russia’s Central Bank.

The regulator wrote in an FAQ that peer-to-peer crypto transactions between individual buyers and sellers will be removed from the list of legal operations after July 1, 2027.

Media outlets that first reported on the looming ban noted that individuals may attempt to bypass it by disguising direct crypto sales as personal gifts or debt repayments.

Under a law President Vladimir Putin signed over the summer, cryptocurrencies may be bought and sold only through institutions regulated by the Central Bank.

These intermediaries include exchanges, brokers, asset managers and digital depositories.

Retail investors will be limited to purchases of 300,000 rubles ($3,690) a year through each intermediary.

The Central Bank has already begun building an official registry of authorized crypto operators, which currently includes 12 entities like the state lenders Sberbank and VTB.

The July 1, 2027, deadline is also set for cryptocurrency exchanges and digital depositories to obtain the required licenses.

The law prohibits cryptocurrency payments inside Russia but not cross-border settlements.
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www.themoscowtimes.com

Russia to Ban Direct Person-to-Person Crypto Trades in July 2027 - The Moscow Times

Russian citizens will not be allowed to buy or sell cryptocurrency directly without state-regulated intermediaries starting next summer, according to official guidance from Russia’s Central Bank.
www.themoscowtimes.com www.themoscowtimes.com

How will they enforce it though?
 
BTC over radio does not solve any of BTC's biggest issues IMO.
 
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