In neural implants and biohybrid research systems, the integration of electrode recording and stimulation front-ends with pre-processing circuitry promises a drastic increase in real-time capabilities [1,6]. In our proposed neural recording system, constant sampling with a bandwidth of 9.8kHz yields $6.73 \mu \text{V}$ input-referred noise (IRN) at a power-per-channel of $0.34 \mu \text{W}$ for the time-continuous $\Delta \Sigma -$modulator, and $0.52 \mu \text{W}$ for the digital filters and spike detectors. We introduce dynamic current/bandwidth selection at the $\Delta \Sigma$ and digital filter to reduce recording bandwidth at the absence of spikes (i.e. local field potentials). This is controlled by a two-level spike detection and adjusted by adaptive threshold estimation (ATE). Dynamic bandwidth selection reduces power by 53.7%, increasing the available channel count at a low heat dissipation. Adaptive back-gate voltage tuning (ABGVT) compensates for PVT variation in subthreshold circuits. This allows 1.8V input/output (IO) devices to operate at 0.4V supply voltage robustly. The proposed 64-channel neural recording system moreover includes a 16-channel adaptive compression engine (ACE) and an 8-channel on-chip current stimulator at 3.3V. The stimulator supports field-shaping approaches, promising increased selectivity in future research.