MetaMask has launched Money Account, a self-custodial stablecoin account on Monad that combines automated yield of up to 4% variable APY, direct spending, and integrated trading through a single balance.

According to a press release shared with crypto.news, the new product lets MetaMask users convert supported stablecoins into MetaMask’s mUSD stablecoin and begin earning returns immediately without staking, lockup periods, minimum balances, or manual fund transfers. The company said the service is available globally in eligible jurisdictions, excluding the UK and certain restricted regions.

Money Account brings together functions that previously required separate platforms. Users can earn yield through decentralized finance protocols, spend funds through the MetaMask Card, and access MetaMask’s trading tools, including swaps, perpetual futures, and prediction markets, without moving assets between different accounts.

Consensys said mUSD is backed one to one by U.S. dollars and short-term U.S. Treasury bills held in regulated custody by Bridge, a Stripe company, while the stablecoin runs on M0’s infrastructure. The company added that users retain control of their private keys, meaning MetaMask cannot freeze or move customer funds.

Money Account runs on Monad

Built on the Monad blockchain, Money Account uses sponsored gas fees, allowing users to manage balances, earn yield, and make payments without paying network transaction costs, according to the announcement. Consensys said Monad’s sub second finality and stable transaction costs support the product’s real time payment and settlement experience.

Supported stablecoins, including USDC, USDT, DAI, aUSDC, aUSDT, and aDAI on supported networks, can be converted into mUSD instantly at one-to-one parity without conversion fees. Users can also buy mUSD directly with debit cards, credit cards, or Apple Pay.

After users opt in, funds are allocated through third-party smart contract vaults managed by Veda and curated by Steakhouse Financial. Consensys said the launch version routes funds into Morpho, while Aave markets will be added later. The company stated that balances can earn up to 4% variable APY after fees, with returns updating continuously inside the account.

For payments, the Money Account connects directly to the MetaMask Card where available. Purchases settle automatically from the account balance without additional conversion steps, while eligible spending earns up to 3% cashback in mUSD that is deposited back into the account, according to Consensys.

“Money Account is what it looks like when self-custodial finance stops asking people to choose between control and convenience and starts delivering both. MetaMask is financial agency for everyone. Money Account makes financial agency even more powerful and valuable,” said Joe Lubin, Founder and CEO of Consensys and Co-Founder of Ethereum.

MetaMask expands beyond wallet features

The launch comes weeks after MetaMask introduced an early access version of Agent Wallet, a self custodial product that allows artificial intelligence agents to execute crypto transactions under user-defined permissions across Ethereum compatible networks and Hyperliquid.

At the time, Consensys said Agent Wallet was built with spending limits, transaction simulations, Blockaid security monitoring, and user approval controls to let AI agents perform tasks such as token swaps, perpetual futures trading, liquidity provision, and prediction market activity while keeping final authority with users.

The US consumer advocacy group Public Citizen on Tuesday reported that the cryptocurrency industry had contributed $189 million toward the 2026 election cycle, following its 2024 playbook.

According to a report released Tuesday, the nonprofit organization said that about 37% of all corporate contributions in the 2026 US election cycle could be traced to crypto companies, totaling about $189 million so far, with more than four months until the November election.

While the watchdog group said that the crypto-aligned political action committee (PAC) Fairshake was responsible for spending more than $82 million so far, the MAGA Inc. Super PAC, largely backed by Crypto.com, had spent more than $56 million.

“These super PACs prioritize the interests of their business backers over either major political party or any candidate,” said Public Citizen. “Following the crypto playbook, they are set up to engage in both Democratic and Republican primaries and to support or attack candidates of either major party in the general election.”

Source: Public Citizen

Fairshake and its affiliates Defend American Jobs and Protect Progress are backed by cryptocurrency companies Coinbase and Ripple, and reported a $193 million war chest as of January. Entities aligning with industry interests have also been formed since 2024, including the Fellowship PAC backed by Cantor Fitzgerald.

Altogether, the PACs’ combined spending has already exceeded that in 2024, when companies contributed $170 million toward electing what it considered “pro-crypto” candidates to Congress.

Related: Senate leaders push for July passage of CLARITY Act

Cointelegraph reached out to a Fairshake spokesperson for a comment on the report but did not receive an immediate response.

Colorado primaries flush with crypto PAC cash

Colorado voters head to the polls today in primaries for Republican and Democratic candidates, with the state’s 8th congressional district potentially being influenced by crypto PAC spending.

The You Can Push Back Super PAC backed by Ripple Labs co-founder Chris Larsen reportedly spent $1 million on media to support Democrat Manny Rutinel. The committee’s last big bet — $3.3 million — was on Democrat Alex Bores in New York’s 12th Congressional District. He lost his primary last week to Micah Lasher, who had criticized Larsen’s involvement in the race.

Magazine: SBF will never get a pardon, Trump peace deal boosts Bitcoin: Hodlers Digest June 14-21

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Nearly 1,700 investors in the United Kingdom have reportedly launched legal action against Binance and its founder, Changpeng Zhao, seeking £150 million (about $200 million). The claim alleges that Binance offered and sold crypto derivatives—including leverage tokens, futures contracts, and options—without the regulatory approval required under UK law.

According to the law firm KP Law, the case focuses on alleged violations of the Financial Services and Markets Act 2000 and on the continued availability of these products after the UK Financial Conduct Authority (FCA) banned them from being offered to retail customers in January 2021. Binance, for its part, says it will defend itself through the legal process and asserts it remains committed to operating in line with applicable law.

Key takeaways

• KP Law says almost 1,700 UK investors are pursuing a combined £150 million claim against Binance and Changpeng Zhao over crypto derivatives offerings.
• The lawsuit targets leverage tokens, futures, and options, alleging breaches of the Financial Services and Markets Act 2000.
• The case centers on alleged continued access after the FCA banned such products to UK retail customers in January 2021.
• Binance has denied wrongdoing and told Cointelegraph it will defend the claims in court.
• The complaint was reportedly filed in the London High Court, naming Binance-affiliated Nest Exchange and “persons unknown.”

What the lawsuit alleges

The investors are represented by KP Law, which states that Binance’s leverage tokens and derivatives offerings violated the Financial Services and Markets Act 2000. KP Law also argues that these products kept being offered to UK customers even after regulatory restrictions were issued.

In its statement, the law firm suggests there was “no effective barrier” preventing UK customers from accessing the products. While the precise mechanics of access are not detailed in the available reporting, the legal thrust is clear: the plaintiffs contend that the exchange’s products were distributed in a way that did not respect the regulatory prohibition for retail customers.

Reuters reported that multiple UK users lost “tens of thousands of pounds” through the affected products, underscoring that the suit is not framed as a purely technical regulatory dispute but as a remedy-seeking effort over financial losses.

Binance’s response and the legal posture

Binance told Cointelegraph it would “defend against these claims through the appropriate legal process.” The exchange also said it “remains committed to its obligations to users and to operating in accordance with applicable law.”

That stance positions the lawsuit squarely as a dispute over whether Binance’s derivative offerings were unlawfully provided to UK retail customers and whether the FCA’s January 2021 ban was effectively enforced in practice. As with any civil claim, the next steps—procedural rulings, discovery, and eventual merits arguments—will determine how those allegations are substantiated in court.

How this fits into Binance’s broader regulatory pressure

Lawyers and regulators are not acting in a vacuum. The filing adds to what Cointelegraph described as a growing list of legal and regulatory challenges for Binance, including compliance uncertainty linked to Europe’s Markets in Crypto-Assets (MiCA) framework.

Earlier coverage from Cointelegraph noted that Binance faced difficulty securing a MiCA-compliant license from an EU member state before a July 1 deadline. That type of licensing timeline matters to investors because MiCA was designed to create a clearer compliance structure across the EU—yet uncertainty around authorization and product restrictions can translate into uneven availability of services, shifting venue risk, and changes to how platforms present derivatives and related products.

In addition, Cointelegraph previously reported on allegations that Binance facilitated transactions tied to a sanctioned Iranian financier and that flowed to Iran’s Islamic Revolutionary Guard Corps. Binance strongly denied those allegations, and the case now reflects how regulatory scrutiny has spanned both market-structure compliance (derivatives access and retail suitability) and broader concerns around illicit finance and sanctions risk.

Who may be affected—and what changed for UK operations

The plaintiffs are said to be identifying the full scope of affected customers. KP Law said the precise number of UK customers affected is not publicly known, but argued that Binance’s global scale could mean a larger pool of exposure than the reported 1,700 claimants.

One individual described in coverage is Tomas Sutas, a financial controller who allegedly invested more than £100,000 into Binance’s derivatives products before the value was wiped out, the Financial Times reported. Reuters also described multiple UK users losing “tens of thousands of pounds.” While these accounts represent specific claim narratives rather than a verified aggregate loss figure for the full class, they help explain why the dispute has advanced as a high-stakes damages case.

Cointelegraph also pointed to earlier restrictions affecting Binance in the UK. Binance’s operations in the region reportedly became heavily constrained in June 2021, when the FCA informed Binance Markets Limited that it could not operate without written consent. That timeline is central to how the plaintiffs frame causation: the argument is that regulatory action came earlier, but access to the relevant derivatives continued.

Reuters reported that the lawsuit was filed in the London High Court. The defendants reportedly include the Binance-affiliated Nest Exchange as well as “persons unknown,” a formulation often used when claimants cannot yet identify all involved parties or when seeking broader injunctive and compensatory relief. KP Law said the firm is still working to determine the full set of impacted customers.

For UK-based investors and traders, the practical takeaway is that product availability can become a long-term legal issue, not just a short-lived trading restriction. Even when regulators impose bans, the continuing question—central to this lawsuit—is whether platforms effectively prevent retail access and how that is assessed under the relevant financial services framework.

As the case moves through the UK courts, readers should watch for early procedural developments, including how the court interprets the FCA ban’s reach and whether plaintiffs can demonstrate that the alleged access after January 2021 was sufficiently direct and attributable to Binance’s offerings. Beyond the outcome, the litigation could influence how exchanges design and enforce geo- and user-level controls for derivatives and other complex products in jurisdictions with active retail restrictions.

SharpLink has expanded its Ethereum treasury with another 10,000 ETH purchase even as the cryptocurrency has remained on course for its third consecutive quarterly decline.

According to a company press release, SharpLink acquired the latest 10,000 ETH at an average price of $1,611 per token, spending approximately $16.1 million on the purchase.

The transaction increases the company’s total Ethereum holdings to 886,725 ETH and follows a $75 million capital raise completed through a registered stock offering.

SharpLink continues building its Ethereum treasury

Alongside the latest crypto purchase, SharpLink stepped up its capital management efforts by repurchasing more than 2.13 million shares of its common stock, SBET, at an average price of $4.69 per share.

The company said it has now bought back over 4.07 million shares since August 2025. Despite those moves, SBET shares were trading around $4.72 at the time of writing, down nearly 4% on the day.

Recent corporate developments have also added to the company’s profile. Earlier this week, SharpLink joined the Russell 2000 and Russell 3000 indexes, extending its presence in major U.S. equity benchmarks while continuing to increase its Ethereum reserves.

SharpLink is not the only listed company expanding its exposure to Ethereum. As crypto.news reported on Monday, Ethereum treasury firm Bitmine purchased another 27,084 ETH during the past week, lifting its holdings to more than 5.7 million ETH.

Based on the company’s figures, those reserves now account for about 4.7% of Ethereum’s estimated circulating supply of 120.7 million ETH, bringing Bitmine closer to its previously stated target of holding 5% of the network’s supply.

Earlier this month, crypto.news also examined the implications of treasury companies accumulating increasingly large portions of Ethereum. The report noted that sustained buying could reduce the amount of ETH available for trading, although concentrated ownership may create additional risks if companies later need to fund operations through debt, equity issuance, or asset sales during weaker market conditions.

Ethereum remains under pressure despite corporate buying

Even as treasury companies continue adding to their holdings, Ethereum (ETH) has struggled to regain upward momentum. At the time of writing, ETH traded near $1,560, down about 1% on the day and roughly 25% for the quarter.

Current market performance also places Ethereum on track to record its third straight quarterly loss, a result that would be the first such streak in the asset’s history if the quarter closes at current levels.

Some analysts nevertheless see the recent weakness as a key technical test rather than a definitive breakdown. According to crypto analyst Ted Pillows, Ethereum could stage a relief rally next month if it manages to hold support around $1,500.

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The analyst’s chart also outlined the downside risk if that level fails. Under that scenario, Ted Pillows said Ethereum could fall toward $1,400 or lower, underscoring that price direction in the coming weeks may depend on whether buyers continue defending the current support zone despite ongoing accumulation by treasury firms.

By the end of 2025, the power capacity tied to artificial intelligence data centers worldwide had reached about 29.6 gigawatts (GW), enough to run all of New York state at peak demand, according to Stanford University’s annual report on the AI industry. 

The report, released in April, suggests that compute itself is abundant and getting cheaper. Permitted, grid-connected, ready-to-draw electricity is in high demand, but the sources to power it are much harder to come by. One industry has spent the past decade quietly building exactly that infrastructure for a different reason: Bitcoin mining.

AI data center power capacity reached about 29.6 GW by the end of 2025, comparable to New York state at peak demand. Source: Stanford University

Chips get more efficient, but total demand rises

The economics of chips are moving in the opposite direction. Stanford said the cost of GPU computation has dropped more than 99% since 2006, while leading chips now perform far more work per watt than they did a decade ago. But efficiency gains have not reduced total demand. They are instead poured back into larger models rather than banked as savings, keeping the pressure on the power grid.

The cost of GPU computation has fallen more than 99% since 2006, even as total power draw climbed. Source: Stanford University

Stanford estimates that the most demanding training runs, including for systems such as Llama 4 Behemoth, have pulled upward of 100 megawatts (MW), comparable to a small power plant. Capacity dedicated to AI has risen some 200-fold in three years, from under a gigawatt in 2022, and data center electricity use is projected to keep rising through 2030.

The squeeze is geographic as much as numerical. The United States hosts 5,427 data centers, more than 10 times any other country, according to Stanford.

Chips can be ordered and delivered in months, but energizing a site, with its substation, interconnection approval and cooling, takes years.

Counted across full systems rather than the accelerators alone, AI’s cumulative power demand through 2024 reached an estimated 9.4 GW, close to the national electricity use of Switzerland or Austria and about half the estimated draw of Bitcoin mining.

Estimated all-in AI power demand (through 2024) sits near half of Bitcoin mining’s. Source: de Vries-Gao, Stanford University

The asset was never the hardware

But Bitcoin miners cannot just hand their machines to an AI lab. Mining ASICs (the chips that solve Bitcoin calculations) do one narrow job and are useless for training or inference. What does transfer is everything around the chips, such as the energized sites, power contracts, grid hookups and the shells to cool dense racks. 

A Bitcon miner that already has a grid connection has infrastructure ready to fill the gaps for the AI developers, and renting that capacity beats starting over. Miners also tend to sit where AI wants to be anyway, in cheap-power US states like Texas and the Gulf Coast.

Mining economics is itself a numbers-crunching game. JPMorgan recently estimated Bitcoin’s all-in production cost at about $78,000 per coin, well above BTC’s market price of around $53,400 at the time of writing, down by more than 34% year-to-date, according to CoinGecko.

Bitcoin is down by around 34% in 2026. Source: CoinGecko

Cointelegraph previously reported that hashprice had fallen below breakeven for many miners, putting about 20% of the industry in unprofitable territory.

Some major contracts between miners and AI infrastructure operators followed. In November 2025, Iren signed a five-year GPU cloud deal with Microsoft worth about $9.7 billion, served from a 750-megawatt campus in Childress, Texas. In December, Bitcoin miner Hut 8 signed a 15-year, $7 billion lease with Fluidstack for 245 megawatts at its River Bend site in Louisiana, with the payments backstopped by Google.

TeraWulf reported $12.8 billion in contracted high-performance computing (HPC) revenue and now earns more from leasing than mining. Core Scientific has expanded its CoreWeave agreement to $10.2 billion over 12-year terms. Across the listed miner sector, CoinShares counts more than $70 billion in announced AI and HPC contracts, but much of the value is years out. Hut 8’s River Bend site, for example, is not due to start commissioning until the second quarter of 2027.

Related: TeraWulf doubles AI revenue but posts $427M quarterly loss as mining income declines

Investors have nonetheless rewarded the shift. Hut 8 stock jumped about 20% in premarket trading the day its lease was announced, Reuters reported, and across the sector, valuations are increasingly tied to compute pipelines rather than the Bitcoin price alone. Indeed, CoinShares said the miners with HPC contracts were trading at 12.3 times the value of their 12-month revenue vs 5.9 times for pure play miners. CoinShares’ projects listed miners could derive as much as 70% of revenue from AI by the end of 2026, up from roughly 30% in Q1.

Why it is not a free pivot

However, the conversion is far from cheap, and is not just a matter of plug-and-play. CoinShares estimates that mining infrastructure costs about $700,000 to $1 million per MW, while AI-grade, liquid-cooled infrastructure can cost $8 million to $15 million per MW. Hyperscalers also demand power density, redundancy and uptime guarantees that many mining facilities were never designed to provide.

Related: Celsius-linked Bitcoin miner Ionic Digital seeks Nasdaq direct listing amid AI pivot

Miners are covering that gap with debt and new capital raises. Iren had already disclosed about $3.75 billion in convertible note debt at the end of March, then raised another $3 billion through a new convertible note sale in May.

The sector is also leaning on a small group of hyperscalers and AI infrastructure buyers. If demand cools, customers renegotiate or projects slip, miners that have torn out ASICs may have fewer options to fall back on.

Whether that shift away from BTC mining pays off remains an open question. Signing multibillion-dollar AI contracts is one thing, but delivering the earnings investors expect is another.

For now, the market is placing a premium on miners making the transformation rather than those that simply produce new BTC. If AI demand continues to outpace electricity supply, those assets could prove more valuable than the machines they were originally built to support. If not, some of today’s biggest AI plans could prove to be costly bets, rather than real second acts for former Bitcoin miners.

Magazine: Bitcoin miners are pivoting to AI, so why is the hashrate near ATHs?

An XRP Power user shares a story of financial recovery, encouraging users to explore its platform and AI-powered digital asset services.

On a winter night, the temperature on the streets of New York dropped to freezing. A ragged man huddled on a bench near a subway station, his only old coat wrapped tightly around his body. At that time, he had no job, no fixed address, only a few coins in his pocket, and he didn’t even know if he would have a hot meal the next day. 

Few passersby stopped, and no one would have imagined that this seemingly insignificant homeless man would, a few months later, achieve financial freedom and own a million-dollar fortune.

The low point of life

Before becoming homeless, he lived an ordinary life, with a family, a job, and expectations for the future. But all of this was quickly shattered by reality, bit by bit.

His marriage ran into problems, and the breakdown of his family plunged him into both emotional and financial hardship. Not long after, his company laid off employees, and he lost his only stable source of income.

To get back on his feet, he decided to start his own business, investing all his meager savings. However, due to inexperience and an unfavorable market environment, the business quickly failed. Instead of recovering, he was burdened with debt.

When all possible avenues were exhausted, he lost his home and was forced to move between shelters, his car, and the streets. During that time, he truly experienced for the first time what it meant to have “no way out.”

Turning point

During his most difficult time, a chance encounter changed circumstances.

Through a former colleague, he saw discussions and introductions about XRP Power in the Global Times. This caught his attention. Hiscolleague had been with XRP Power for some time and had earned a considerable amount of money there, but when he told him, he didn’t have the funds to risk investing.

For the next two months, he focused primarily on observation and understanding, gradually familiarizing himself with the platform’s operation and only making very small trial investments.

After confirming the basics, he officially joined. Although the earnings weren’t high, during his most difficult time, he successfully withdrew $100 for the first time, enough to support his basic living expenses for several days.

From then on, he gradually increased his investment while continuing to learn and adjust his strategies.

In the following months, his income began to stabilize, his life gradually emerged from its lowest point, and a real turning point began to appear.

This is the XRP Power website. Click to register a personal account. New users can currently receive a $21 bonus.

The process

After gradually seeing a glimmer of hope, he began to plan each step more cautiously.

Initially, he only used a small amount of about $100 to try it out, mainly to familiarize himself with the rules and control risk, rather than pursuing a complete change in his situation.

After things stabilized somewhat, he gradually increased hisinvestment to about $5,000, then $50,000, and only later, when he felt more confident, did he gradually moved to the $100,000 level. Throughout this process, he maintained a phased and controlled pace, rather than a one-time investment.

In this process, he learned to adjust his strategy according to different stages, making his financial arrangements more stable, rather than chasing short-term fluctuations.

From the initial cautious attempts to the gradual expansion, he was more focused on managing his own rhythm than simply pursuing results.

Looking back, the real change wasn’t a single investment, but rather long-term adjustments and perseverance.

XRP Power’s contract model. The platform’s rules and returns for different periods are relatively clear; relevant instructions and expected returns are available before operation.

In conclusion

Looking back on this experience, he has returned to a stable life from living on the streets.

For him, this isn’t a story of “sudden success,” but rather the result of taking it one step at a time. The low point taught me to calmly face reality and made him understand the importance of perseverance and making the right choices.

He says, the hardest thing in life isn’t falling down, but whether someone can start over after falling down.

From homelessness to regaining his footing, there were no shortcuts, only continuous attempts and adjustments.

What truly changes your destiny isn’t the starting point, but the step taken forward even at someone’s lowest point.

Join XRP Power achieve a better life and be the starting point for financial freedom.

Bitcoin Core has released version 31.1rc1, fixing a privacy flaw in PrivateBroadcast while introducing software, wallet, and validation improvements ahead of the next stable mainnet release.

According to the Bitcoin Core development team, version 31.1rc1 is now available as a release candidate, giving users, node operators, and developers an opportunity to test nearly finished software before the official production release. The developers said the testing period is intended to uncover any remaining issues that may not have appeared during internal development.

The most notable change addresses a privacy issue affecting the PrivateBroadcast feature. According to the release notes, certain network conditions could expose a user’s internet address by allowing a connection outside the intended privacy network. The updated software removes that behavior, making transaction broadcasting more consistent for users who rely on privacy-focused network configurations.

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Privacy protections and node performance receive upgrades

Alongside the privacy fix, the Bitcoin Core developers introduced several changes to improve blockchain validation and long-term node performance. According to the project documentation, the software now manages transaction-related data more efficiently while maintaining a leaner blockchain database, a change designed to reduce unnecessary storage growth and improve performance as the chain expands.

Networking behavior has also been refined. The developers said Bitcoin Core now handles proxy settings and PrivateBroadcast connections more intelligently, providing more predictable behavior for users routing traffic through privacy tools such as proxy networks.

Wallet functionality received additional maintenance updates as well. According to the release notes, migration checks have been improved, and transaction input size estimation has been refined, allowing wallet operations to calculate transaction data more accurately behind the scenes without changing the user experience.

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Security improvements extend to signatures and developer tools

Security-related updates also include additional safeguards for MuSig2, the signature aggregation protocol supported by Bitcoin Core. According to the developers, the software now rejects empty public key lists that contain invalid public keys, preventing incorrect signature aggregation and improving validation during multi-signature operations.

Several changes were introduced for developers maintaining or building software around Bitcoin Core. The release notes state that testing utilities have been cleaned up, race conditions have been removed, fuzz testing has been expanded, and build systems have been updated to improve software reliability during development.

Configuration handling has also been strengthened. Before saving important settings, Bitcoin Core now performs checks for failed write operations, a safeguard the developers said can help prevent configuration errors caused by unsuccessful disk writes.

Version 31.1rc1 is available for current versions of Linux, macOS, and Windows. According to the Bitcoin Core team, users running recent software versions can upgrade directly, although systems upgrading from much older releases may require additional time to migrate existing blockchain data.

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Because version 31.1rc1 remains a release candidate rather than the final production version, the developers are encouraging the community to install the software in test environments, verify its behavior under real-world conditions, and report any bugs before the stable release reaches the Bitcoin network. The project said feedback collected during this testing phase will help identify remaining issues before the software is finalized.

A new guide explains how crypto trading bots automate strategies, manage risk, and execute trades across spot and futures markets around the clock.

A crypto trading bot can help users automate their trading strategies across volatile markets without staring at charts around the clock. This guide covers everything from grid trading and signal bot management to setup and optimization, so anyone can decide if automated crypto trading fits their plan.

Key takeaways

Modern trading bots automate buy and sell orders on a crypto exchange 24/7, executing trades based on predefined parameters while sleeping, working, or simply stepping away. Automated trading reduces stress and emotional mistakes, letting a strategy run without hesitation. Here are the essentials:

• Grid bots and DCA bots dominate retail bot trading in 2026, profiting from market volatility by buying low and selling high across multiple levels.
• Bots support long and short positions on both spot and futures markets, depending on the exchange and configuration.
• Backtesting and paper trading are non-negotiable before committing real money. Setting up a profitable trading bot requires an understanding of trading strategies and market mechanics.
• Profitability is never guaranteed. In comparative tests, only 3 of 8 bots produced consistent profit over six months. Success depends entirely on strategy and discipline.

What is a crypto trading bot?

A crypto trading bot is software that automatically executes buy and sell orders on a crypto exchange based on predefined rules or algorithms. Bots connect to exchanges via APIs to manage, buy, and sell cryptocurrencies, acting on real-time price data without manual intervention. Automated trading can operate 24/7 without human intervention across dozens of trading pairs simultaneously.

Common bot types include: grid trading bot, DCA bot, arbitrage bot, market-making bot, and trend-following bot. Each uses different indicators and logic to automate decisions. Since 2017–2018, crypto trading bots have evolved from simple scripts into full platforms with dashboards, mobile apps, cloud hosting, and a growing community of traders sharing custom strategies.

How crypto trading bots work in practice

A typical workflow looks like this: connect an exchange via api keys, select a strategy, define risk parameters, enable the bot, then track performance over time. Crypto trading bots continuously monitor market data, including price and volume, evaluate conditions against a setup, and submit orders via exchange APIs.

Market analysis involves monitoring price, volume, order books, and technical indicators. Bots use limit orders, market orders, stop-loss, take-profit, and trailing stops to manage positions. They handle position sizing, scaling in, and scaling out for both long and short positions. Advanced bots can use machine learning or statistical models, but most retail bots in 2026 rely on rule-based strategies and backtested parameters. Automated bots can execute trades based on predefined parameters consistently, whether users configure a simple grid or a complex signal-based system.

Popular types of crypto trading bots

Bots differ mainly by strategy logic and how they respond to market volatility. No single bot type is best for making money; performance depends on configuration, risk limits, and market regime.

Grid trading bots

A grid trading bot places a series of buy and sell limit orders at predefined price levels, creating a grid that profits from price oscillations. Grid trading bots buy low and sell high automatically, and a grid bot operates within a predefined price range. Automated trading can profit in sideways markets with grid strategies, where price bounces between support and resistance.

Visually, the grid looks like horizontal lines between a lower price bound and a higher price bound, with buy orders on lower levels and sell orders on higher levels across multiple levels. Variations include:

• Neutral Grid bots profit in sideways markets by buying low and selling high
• Long Grid bots accumulate profits during upward trends by buying dips
• Short Grid bots automate short-selling in bearish market conditions
• Infinity Grid bots expand upward without an upper price limit
• Futures Grid bots operate on derivatives markets using leverage

Grid bots can be configured for bullish or bearish markets. Key parameters include grid range, number of grid levels, order size, base vs quote currency, and safety stops. A short grid bot works best during bearish conditions, while a long grid bot captures upside in trending markets. Users can also run hedge mode to maintain positions in both directions simultaneously.

DCA bots

Dollar-Cost Averaging (DCA) purchases a set amount of cryptocurrency regularly, and DCA bots automate this process by buying more as the price drops. For example, a DCA bot might buy $50 every time the price drops 5%, averaging entry at a lower price across multiple steps.

DCA bots combine with take-profit targets and trailing exits to lock gains once the average entry returns to profit. Be cautious: aggressive DCA without caps can lock all capital into a losing position. Always set a maximum number of safety orders and a fixed allocation.

Signal-based and copy trading bots

A signal bot executes trades automatically when it receives external signals from TradingView signals, custom APIs, or third-party providers. Traders connect indicators from platforms like TradingView to trigger automated orders on their crypto exchange account.

Copy trading bots mirror trades from a strategy provider onto the user’s balance, making automation accessible to beginners. Always evaluate any new signal source with paper trading first, apply strict risk limits per trade, and verify the provider’s data and track record before committing real money.

Key features to look for in a crypto trading bot platform

Not every platform delivers equal results. Feature set, security, and reliability determine long-term success.

Essential features include support for major exchanges (spot and futures), backtesting, paper trading, robust risk management tools, and a responsive support team. Look for a visual strategy builder, pre-made templates for grid trading and DCA, clear performance analytics, and detailed documentation. Security risks include vulnerabilities in API keys used by bots for trading, which always require encrypted key storage, no withdrawal permissions, 2FA for account access, IP whitelisting, and activity logs. No credit card is required to start on most platforms.

Exchange connectivity and market coverage

A serious platform in 2026 should support multiple top-tier exchanges like Binance, OKX, Bybit, Coinbase, and Kraken for spot and derivatives. Users might notice the OKX logo alongside Binance and Bybit on most bot platforms. Check exchange-specific limits-minimum order size, tick size, and leverage caps-that affect bot configuration. Running the same grid strategy on two exchanges can produce different outcomes due to liquidity and fee differences.

Backtesting, paper trading, and optimization

Backtesting means running a strategy on historical market data to estimate performance before risking capital. Backtesting strategies on historical data increases trading confidence. Grid trading strategies can be backtested over 15 days or longer to see how they handle both sideways phases and sharp breakouts.

Paper trading simulates live conditions with virtual balances. Optimize by adjusting grid width, number of levels, and take-profit distances. But beware of overfitting-strategies that perform perfectly on past data may fail in future volatile markets.

Risk management for bot trading

Successful bot trading requires strict risk management strategies. Automated trading amplifies both good and bad strategies, so risk controls are non-negotiable.

• Never invest money that someone cannot afford to lose
• Diversify across strategies and pairs
• Cap maximum exposure per bot to 1–3% of total account equity
• Use stop loss, equity limits, and max daily loss rules

Always start with a small size in live mode, even after successful paper trading, to account for slippage and execution differences.

Specific risks of grid trading bots

Range break risk occurs when price trends strongly beyond the grid range, leaving unclosed positions and large unrealized losses. Grid bots can also tie capital in numerous open orders, reducing flexibility. If grid steps are too narrow, trading fees (0.1–0.2% per cycle) consume most of the profit. Set an emergency stop loss beyond grid boundaries and monitor an account daily.

Leverage and futures Bots: Long and short positions

Futures grid bots and DCA bots can use leverage to open long and short positions, amplifying both profits and losses. Isolated margin limits risk to a single position; cross margin exposes the entire account. Moderate leverage (2x–5x) suits most automated strategies. A short grid bot on BTC during a rapid short-covering rally can face liquidation. Understand the exchange’s funding fees, liquidation mechanics, and margin requirements before enabling any futures bot.

How to get started with a crypto trading bot in 2026

Start by learning basic crypto trading concepts, then choose a reliable exchange, enable 2FA, and create api keys with trading-only permissions. Select a platform that supports grid trading, DCA bots, paper trading, and clear tools to track performance. Begin with a simple predefined template instead of complex custom strategies on day one.

Step-by-Step Setup Checklist

1. Create an exchange account, complete KYC, and enable 2FA
2. Generate API keys-trading permissions only, no withdrawals, restrict by IP
3. Connect a bot platform and enable paper trading
4. Select a bot type (e.g., BTC/USDT neutral grid: wide range, 5–10 levels, small order size)
5. Run simulation for 2–4 weeks, then go live with minimal capital
6. Monitor logs, open orders, and realized PnL daily in the first week

After several weeks of stable results, gradually scale positions or deploy additional bots. Document every setup, result, and adjustment in a trading journal format to optimize an approach over time. Send a message or alert for any configuration change.

Advanced topics: Strategy design and optimization

Serious traders eventually design or configure their own trading strategies, combining indicators like RSI, moving averages, and Bollinger Bands with grid or DCA logic. Regime detection-distinguishing sideways vs trending markets-helps decide when to switch bots on or off. Multi-timeframe analysis (1-minute entries, 1-hour trend direction) improves robustness, and simple statistical filters like volatility thresholds can boost consistency.

Monitoring, analytics, and troubleshooting

Track metrics beyond profit: win rate, average trade size, maximum drawdown, and profit factor. Set up alerts (email, mobile, Telegram) for key events-bot stopped, API errors, equity drawdown thresholds. Common problems include a bot not trading due to a too-narrow grid, an incorrect position mode (hedge vs one-way), or an invalid symbol mapping. Manage a regular review schedule: daily quick check, weekly deeper analysis, monthly parameter review to keep performance aligned with current market conditions.

Legal, tax, and ethical considerations

Regulations and tax rules vary by country and change frequently-consult local professionals. Some jurisdictions classify certain automated strategies as investment services requiring licensing. Profits from bot trading are typically taxed like manual crypto gains, but the higher trade volume means heavier record-keeping. Use exportable trade histories from your platform to simplify reporting. Avoid market manipulation tactics and respect exchange terms of service.

FAQ

Is a crypto trading bot profitable for beginners?

Bots do not guarantee profits-they execute a strategy consistently, so a bad strategy will still lose money. Beginners should use simple grid bots or dca bots with low risk settings and focus on learning risk management. Start with paper trading for at least 2–4 weeks, then go live with very small amounts.

How much money do I need to start bot trading?

Some exchanges allow orders as small as $10–$20, but the recommended capital for grid trading is $200 to properly cover multiple grid levels and minimum order sizes. Don’t deploy all capital into a single bot-keep a cash buffer and diversify.

Can I run multiple crypto trading bots at the same time?

Most modern platforms support running many bots simultaneously on different pairs or even the same pair with different strategies. Track total exposure to avoid over-allocating across overlapping bots on correlated assets, and cap active bot allocation at 30–50% of an account.

What hardware and internet connection do I need?

Cloud-hosted platforms remove most hardware requirements. Self-hosted bots need a stable VPS (1–2 vCPUs, 2–4 GB RAM) with low-latency internet and a system clock synchronized via NTP. Avoid hosting critical bots on unreliable home connections without power backup or remote access.

How do I know if my API keys are safe on a bot platform?

Always disable withdrawal permissions and enable 2FA on both the exchange and bot platform. Choose platforms with encrypted key storage, IP whitelisting, and transparent security documentation. Rotate keys every 3–6 months and revoke immediately if suspicious activity is detected.

Almost 1,700 UK investors are reportedly suing Binance and its founder Changpeng Zhao for 150 million British pounds ($200 million), alleging the crypto exchange offered and sold crypto derivatives without regulatory approval.

The law firm representing the investors, KP Law, said Binance’s leverage tokens, futures contracts and options offerings breached the Financial Services and Markets Act 2000 and that these products continued to be offered after the Financial Conduct Authority banned such products from being offered to retail customers in January 2021.

“There appeared to be no effective barrier preventing UK customers from accessing them,” the law firm said.

Binance told Cointelegraph it would “defend against these claims through the appropriate legal process” and it “remains committed to its obligations to users and to operating in accordance with applicable law.”

Source: Cointelegraph

The lawsuit adds to a growing list of legal and regulatory challenges for the crypto exchange, including recently failing to secure a Markets in Crypto-Assets-compliant license from a European Union member state before the July 1 deadline. 

Binance has also been facing allegations that it facilitated $850 million in transactions tied to a sanctioned Iranian financier that flowed to Iran’s Islamic Revolutionary Guard Corps. The crypto exchange strongly denied the allegations.

Binance UK customers lost “tens of thousands of pounds”

One of the affected customers, Tomas Sutas, was a financial controller who allegedly invested more than 100,000 British pounds ($132,400) into Binance’s derivatives products before the value of his investments was wiped out, the Financial Times reported.

Reuters also reported that multiple UK users lost “tens of thousands of pounds” through the products.

Related: Australia’s crypto travel rule is coming into effect: Here’s what’s changing 

KP Law said it is still identifying the full scope of affected customers.

“While the precise number of UK customers affected is not publicly known, Binance is one of the world’s largest cryptocurrency exchanges, meaning that a substantial number of users could potentially have been exposed to these issues.”

Binance’s operations in the UK became heavily restricted in June 2021 when the FCA informed Binance Markets Limited that it couldn’t operate in the region without written consent.

Reuters noted that the lawsuit was filed in the London High Court. 

The Binance-affiliated Nest Exchange and “persons unknown” were also named as defendants.

Magazine: Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves 

Circle Internet Group shares have dropped more than 17% after a consortium backed by BlackRock, Google, Visa, Coinbase, and more than 140 other companies unveiled a competing revenue-sharing stablecoin.

According to Yahoo Finance market data, Circle closed at $62.65 on Tuesday, down 17.52% from the previous session after falling as low as $62.52 during intraday trading. The stock opened at $72.25 and extended losses throughout the day before stabilizing near its session low.

Trading volume climbed to more than 34.5 million shares, well above its average daily volume of about 14 million, as investors reacted to the latest development in the stablecoin market.

Open USD introduces a different revenue model

The selloff followed the launch of Open USD (OUSD), a new stablecoin developed by Open Standard, an industry initiative led by Bridge co-founder Zach Abrams. The network is backed by more than 140 companies, including BlackRock, Google, Visa, Coinbase and other financial and technology firms seeking to build shared stablecoin infrastructure.

Unlike traditional issuer-led models, Open USD offers fee-free minting and redemption while distributing most reserve income to participating ecosystem members. Governance will also be handled by an independent partner-led organization instead of a single issuing company.

The structure directly challenges one of Circle’s core business models by allowing ecosystem participants to share reserve income that has traditionally accrued to stablecoin issuers. The design is similar to the incentive framework used by Paxos’ Global Dollar Network, which also shares reserve revenue with partners.

Open USD enters the market as stablecoins continue to expand beyond crypto trading into cross-border payments, merchant settlement and corporate treasury management. Growing institutional interest has encouraged multiple companies to launch new dollar-backed tokens with different economic models to attract banks, payment firms and fintech platforms.

Circle says competition will not slow USDC expansion

Responding to the announcement, Circle Chief Executive Officer Jeremy Allaire dismissed suggestions that the new entrant poses a significant threat to USDC, arguing that the stablecoin sector is large enough to support multiple successful issuers.

According to Allaire, Circle will continue expanding USDC’s institutional network by adding banking, payment, and capital markets partners while investing in infrastructure that improves interoperability across blockchain networks.

“USDC remains the most trusted, widely adopted, institutional-ready stablecoin in the world, and we count thousands of institutions as partners in our ecosystem across nearly every major sector.”

Allaire added that Circle plans to keep building on additional blockchain networks while integrating USDC more deeply with banks, payments companies, capital markets firms and enterprises. He also said the company intends to expand opportunities for partners to participate economically in the continued growth of the USDC ecosystem.

Although Circle maintains that its long-term strategy remains unchanged, Tuesday’s market reaction showed investors closely watching how new revenue-sharing models could influence competition in the fast-growing stablecoin industry.

With Open USD backed by some of the largest names in finance and technology, the launch introduces another well-funded rival as issuers compete for institutional adoption and payment market share.