Sign Up & Get 100 USDT for Free!

Bitcoin Group Seeks Alternative Model for Bitcoin.de After BaFin Denies MiCA Authorization

Author

Bitcoin Group SE said it is pursuing an alternative operating model for bitcoin.de after BaFin rejected its subsidiary futurum bank AG’s MiCA authorization application. NS3.AI reported that trading on bitcoin.de has largely been suspended since June 12.

The company said it intends to resume trading through regulated partners as soon as possible and is reviewing the decision, with the possibility of lodging an objection or filing a new application in the future.

General

Kristin Smith: Crypto Wins in Washington Despite Clarity Act Setback

Author

Kristin Smith, who leads the Solana Policy Institute and serves as interim CEO of the Blockchain Association, argues that crypto policy in Washington is moving in the industry's favor even after the Senate did not advance the Clarity Act.

She contends that rules finalized before the summer of 2028 could be difficult to roll back, framing the setback as less damaging than it appears.

Smith pointed to policy wins she says the industry has already achieved, including the Genius Act and an IRS broker-rule change. She noted that the CFTC has opened public comment on rules governing leveraged retail crypto trading.

Regarding rulemaking timelines, she suggested that the SEC and CFTC typically take about 18 to 24 months to complete their processes.

General

BHP Sells Closed Kambalda Nickel Concentrator and Land to Gold Fields

Author

BHP Group has agreed to sell its closed Kambalda nickel concentrator in Western Australia, along with the associated land and mineral rights, to Gold Fields Ltd. The sale price was not disclosed, and Gold Fields said it will assess the facility's long term use.

The deal also includes mining leases and mineral rights. The Kambalda plant was shut in mid 2024, and BHP paused nickel operations across Western Australia amid a global nickel surplus and a slump in prices.

BHP said it is still evaluating its nickel business, with decisions on disposing of the remaining assets, including the nickel refinery, smelter and two large mines, expected in February 2027. The group booked a $2.5 billion impairment on its nickel assets in 2024 as nickel prices fell following a surge in Indonesian output.

Gold Fields has been seeking gold infrastructure and mining assets in the Kambalda region. It is also considering a second takeover offer for Northern Star Resources, which holds several large gold projects near Kambalda.

General

OpenAI to Publish Mathematical Findings from Frontier Models

Author

OpenAI said it will publish a series of mathematical research findings drawn from its internal frontier models.

According to Jin10, the company has been in contact with the Institute for Advanced Study's independent advisory group on mathematics and artificial intelligence, planning to base the release on the group's perspectives and public recommendations.

General

St. Cloud Financial Credit Union Becomes First to Add Bitcoin to Core Ledger

Author

The St. Cloud Financial Credit Union in Minnesota says it has become the first credit union to add Bitcoin to its core ledger and now holds real Bitcoin for members.

The credit union describes its custody approach as a hybrid model described in a patent application, providing each member with separate Bitcoin ownership within a multisignature vault.

The institution reports custody of more than 20 Bitcoin and notes that the service is not being aggressively marketed. Members can buy and sell Bitcoin directly, and the credit union aims to bring ordinary users into the Bitcoin ecosystem while planning to integrate the Lightning Network.

The leadership also discussed the relationship between stablecoins, the U.S. dollar and Bitcoin as a new monetary network, and explained the difference between Bitcoin exchange-traded funds and credit union custody.

St. Cloud Financial Credit Union is navigating Minnesota custody laws, awaiting review by the National Credit Union Administration under the CLARITY Act. It has launched the Cloud Dollar stablecoin, operates under a cooperative ownership model, and says it must control its own payment rails while continuing to educate skeptical users.

General

Onyx Treasury Transfers 620 Million XCN Following Migration Proposal

Author

Onyx's treasury transferred 620 million XCN tokens as part of a migration proposal that had been announced earlier.

ChainCatcher notes that about 1.89 million XCN remained in the project's Ethereum treasury contract.

The move coincided with Blockaid issuing an alert about an exploit.

General