High Alert

AI has been a ‘net negative’ for crypto: Phemex CEO

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Cointelegraph
AI has been a ‘net negative’ for crypto: Phemex CEOWorldPing
Image via Cointelegraph.

What happened

Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater centralization.

Key facts

  • Reported by Cointelegraph and published Wed, 16 Sep 2026 06:38:48 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. AI has been a ‘net negative’ for crypto: Phemex CEO

  2. Polish Olympic Chief Fired Over $94M Crypto Scandal

  3. A $100 million launch balance doesn’t mean a crypto ETF has real investors

  4. Crypto Exchange CoinEx Is Shutting Down After Nine Years, Giving Users Until December to Cash Out

  5. The Standard Chartered Effect: Is bank research becoming crypto’s new short-term catalyst?

  6. Deutsche Bank awaits regulatory nod to launch institutional crypto custody solutions

  7. Deutsche Bank close to debuting crypto custody for institutions

Sources

The original report was published by Cointelegraph. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Cointelegraph

Follow the story

Living hubs that keep updating as this story develops.

Related WorldPing coverage

Polish Olympic Chief Fired Over $94M Crypto ScandalWorldPing
Bitcoin.com

Polish Olympic Chief Fired Over $94M Crypto Scandal

The Polish Olympic Committee voted to remove President Radoslaw Piesiewicz following his arrest, appointing Marian Kmita as acting president through April.

Brief by WorldPing · Original reporting by Bitcoin.com