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Nigeria's SEC has added Kucoin and GIGX to the ARIP sandbox, bringing the total number of regulated crypto companies to nine.
Odaily Odaily that the Nigerian Securities and Exchange Commission (SEC) included GIGX Technologies and Kucoin Nigeria Limited in its Accelerated Regulatory Incubation Program (ARIP) on July 2, 2026, granting them in-principle approval. This approval allows the two companies to operate temporarily under SEC supervision and proceed with full registration. The SEC stated that ARIP currently regulates nine digital asset companies, and that in-principle approval does not equate to full legalization or full authorization for all crypto platforms within Nigeria. (Bitcoin.com News)
Strive CRO: Strategy's sale of 3,500 Bitcoins helps buy more BTC.
Odaily Odaily News | _2024111120230_ | An article published on the X platform states that Strive's CRO, PunterJeff Walton (@PunterJeff), explained that Strategy's recent sale of 3,500 Bitcoins is actually positive and will help it buy more BTC. He stated that this will provide more support for STRC and its future growth potential, enabling it to buy more BTC, and MSTR shareholders should take a positive view of this.
Analysis: Bitcoin mining companies are shifting towards AI infrastructure, and their performance continues to outperform Bitcoin.
PANews reported on July 8th that, according to BIT analysis, AI-related stocks such as semiconductors and memory chips have recently undergone a round of valuation repricing, resulting in a slight price correction. However, Bitcoin mining companies have significantly outperformed Bitcoin. In fact, since the beginning of 2025, Bitcoin mining company stocks have risen by 167%, while Bitcoin has fallen by 35% over the same period. This divergence, which began in the third quarter, now appears to be more of a structural change than a short-term fluctuation. As mining companies gradually transform into AI infrastructure providers, the market is beginning to re-evaluate these companies using different valuation logics. If this round of correction in the AI sector stabilizes, some Bitcoin mining companies may still be worth watching.
Data: Recently listed crypto companies have seen their average stock price fall by 73% from its peak, with Gemini dropping over 90%.
According to a report by 10x Research, recently listed crypto-related companies have seen their share prices plummet from their post-IPO highs. Gemini (GEMI) has fallen 91%, Amber (AMBR) 89%, BitGo (BTGO) 79%, Circle (CRCL) 78%, Coinbase (COIN) 63%, and Securitize (SECZ) 41%. Data shows that these eight recently listed crypto companies are down an average of 73% from their post-IPO highs. The report points out that post-IPO price crashes have become a common phenomenon for crypto IPOs, and investors need to adopt more systematic strategies to cope with such volatility.
Vanguard Group publicly advertised for a head of digital assets, having explicitly stated that crypto assets were inconsistent with its long-term investment philosophy.
According to Mars Finance, Vanguard Group is hiring a Head of Digital Assets for its Personal Wealth business. The job requirements include over 10 years of relevant experience, a deep understanding of digital assets (tokenization, stablecoins, custody, settlement, etc.), and innovation and risk management capabilities in a regulatory environment. This position will be responsible for developing Vanguard's strategy, roadmap, and implementation in the digital asset space, including assessing digital asset capabilities, product development, operating models, and cross-functional collaboration with product, technology, operations, risk, legal, and compliance departments. It will also require representing Vanguard in external communications with industry players, regulators, and clients. It is understood that Vanguard began allowing brokerage clients to trade crypto ETFs and mutual funds last December, but the company has explicitly stated that it has no plans to launch its own crypto investment products, believing that digital assets are still inconsistent with its long-term investment philosophy.
Bitcoin emerged as the "most resilient" asset tonight, while US chip stocks experienced a "stock market crash," and crypto stocks followed suit, with US stocks falling across the board.
According to BlockBeats data, on July 7th, US stocks opened lower and continued to decline on Tuesday. The Nasdaq 100 fell over 2%, the Philadelphia Semiconductor Index fell over 6%, SPCX fell 5.7%, MRVL fell 10.25%, Western Digital fell 11%, SanDisk fell 13.9%, Micron fell 8.8%, and Oracle fell 4%. Bitcoin only fell nearly 1% after the US stock market opened, a drop comparable to gold. However, US cryptocurrency stocks generally fell in tandem with the broader market, with SBET falling 5.2%, GEMI falling 6.12%, CRCL falling 5.35%, MSTR falling 3.3%, and COIN falling 4%.