Crypto

XRP is trading at $1.049, pressing into critical $1.05 support as bulls defend the range floor. Here's the bull, base, and bear case for XRP price this week. The post Is XRP Price About to Fall Below $1 for the First Time in Years? appeared first on Cryptonews.

A Bitcoin breakout attempt briefly pushed price above $65,000 on Aug. 5, but failed to sustain the move, even as Fed funds futures put the odds of a September rate hike at 57.4% as of Aug. 5, down from 80.5% a week earlier. Brent crude fell more than 5% on Aug. 4, settling near $79 […] The post Bitcoin price breaking out toward $69,000 now opens a turbo path toward $84,000 appeared first on CryptoSlate.

JPYC said it plans to use the new capital to expand its financial and Web3 ecosystem and accelerate adoption of its yen-pegged token. Japanese yen stablecoin issuer JPYC has completed an extension of its Series B funding round, bringing the round’s cumulative total to about 6 billion yen ($38 million).  On Wednesday, the company said Japanese logistics group AZ-COM Maruwa Holdings joined the round as a new investor. JPYC said it plans to use the proceeds to expand its financial and Web3 ecosystem and accelerate the adoption of its yen-pegged stablecoin. JPYC did not disclose the exact amount raised through the extension or the size of AZ-COM’s investment. However, the round’s cumulative total increased by about 1 billion yen from about 5 billion yen announced in May. It also did not provide financial terms for the companies’ capital and business alliance. Read more

DeFi supplied the largest share of 109 tracked exits, but project counts cannot time the market. The post Is crypto dead yet? Project shutdowns peaked this April but the latest 2026 data hides a scarier trend appeared first on CryptoSlate.

Competing launchpad tokens lost momentum as traders rotated into the new narrative surrounding Pools.trade's debut.

Nasdaq-listed PowerCompute refinanced $18 million of debt through a Bitcoin-backed facility carrying an initial interest rate of about 2%. Nasdaq-listed Bitcoin mining company PowerCompute has consolidated its three existing debt facilities totaling $18 million under a new Bitcoin-backed credit facility with Arch Lending. PowerCompute pledged 307 Bitcoin (BTC) from its treasury as collateral. The company entered an initial bridge loan with Arch on July 27 before entering into the new facility on Monday, according to a Wednesday press release shared with Cointelegraph. The new facility replaced PowerCompute’s previous $11 million loan from Galaxy Digital, a $5 million loan from SE and AJ Liebel used to purchase a 15-megawatt Oklahoma facility and another $2 million loan from Liebel used to purchase an 11-megawatt Mississippi facility. Read more

Trump’s comments on jobs, inflation and a possible Strait of Hormuz deal have helped risk sentiment, but bitcoin’s next move depends on whether lower oil actually pulls Treasury yields and the dollar down.

We are also going to take a look at the PI token unlocks for August to see whether this rally is actually sustainable.

A volunteer group running AI models against bitcoin codebases says it is averaging roughly one critical bug per hour per person, at about $10,000 a day in compute.

US-listed Bitcoin ETFs attracted $244.4 million on Wednesday, marking three consecutive inflow days for a combined $626 million. US-listed spot Bitcoin exchange-traded funds (ETFs) attracted $244.4 million in net inflows on Wednesday. Spot Bitcoin ETFs have kicked off August by fetching $626 million in net inflows over three consecutive days, according to SoSoValue data. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the gains, attracting $479 million over the three-session period and lifting its cumulative net inflows to nearly $61 billion, according to Farside Investors data. Read more

The S&P 500 just added roughly the entire crypto market's value this month. Bitcoin has barely moved, and the reasons go beyond the obvious.

Criminals are reportedly using fake websites and falsified documents to target customers searching for licensed crypto providers. Fraudsters are impersonating financial regulators and crypto businesses to target customers of crypto service providers that have failed to secure European Union licenses, according to officials cited by the Financial Times. Several of the bloc’s watchdogs have reportedly seen an increase in scams since the July 1 deadline that required firms to obtain authorization under the Markets in Crypto-Assets (MiCA) Regulation. Companies that failed to secure approval must wind down or transfer their EU operations, forcing customers to move their assets.  Stéphane Pontoizeau, an official at France’s Autorité des Marchés Financiers (AMF), said the regulator encountered cases in which fraudsters impersonated AMF representatives, directing users to transfer assets to them through fake websites.  Read more

Federal Reserve Governor Lisa Cook said she is “prepared to act” if inflation remains too high above the Fed’s target rate. Federal Reserve Governor Lisa Cook said she is prepared to support higher interest rates if US inflation fails to come down, a change that can pressure crypto and other high-risk investments. Cook was speaking at a luncheon hosted by the Anchorage Economic Development Corporation, saying that while some disinflationary forces are in play, she is “prepared to act” if disinflation stalls. “As I have described, inflation is too high, and I consider the risks to the inflation side of the dual mandate higher than the risks to the employment side at this point,” said Cook. “As such, I am prepared to act by raising rates, if necessary.” Read more

Eliza Labs founder Shaw Walters said the project transferred its remaining treasury to settle a tokenholder lawsuit and will continue building Eliza without an associated cryptocurrency. ElizaOS fell 19% over 24 hours to an all-time low after Eliza Labs founder Shaw Walters said the token was “dead” and that the Eliza Foundation was winding down.  CoinGecko data showed the token trading at $0.000285 at the time of writing after touching a record low of $0.000284 on Thursday with a market capitalization of $2.1 million. The drop came after an announcement from Walters that the foundation was winding down. “The token is dead. Completely,” Walters said, adding that he no longer owned or supported the token. He said the development of the open-source Eliza software would continue without the token or the foundation.  Read more

Korea's Kospi fell 4.4% as the AI trade wobbled, and $101 billion of SpaceX stock becomes tradable Thursday.

CryptoQuant said large XRP spot orders point to "quiet accumulation" rather than a breakout, while ether’s price below realized value leaves holders underwater and gives it the strongest valuation case among BTC, ETH and XRP.

The memecoin that defined the chain's debut has recovered to an $86 million cap. Tokenized assets, the chain's stated purpose, sit at $27.6 million.

The incident reportedly stemmed from a misconfigured testing environment, adding Meta to a growing list of AI firms whose models have escaped evaluation sandboxes. Meta has become the latest major AI company to disclose that one of its models hacked another company’s systems during testing, following similar incidents involving Anthropic and OpenAI.  The model involved Meta’s Muse Spark 1.1, which launched in July, according to The Information, citing sources. The issue reportedly stemmed from a misconfiguration by Irregular, an artificial intelligence security testing and red-teaming firm, which inadvertently gave the model internet access during an evaluation.   The model “exploited a security vulnerability in a third-party service, in a manner similar to previously reported instances with other companies,” Meta told Reuters in a statement.  Read more

The Senate has not yet indicated if it will advance the Digital Asset Market Clarity Act, and with its summer recess looming, here are the possible outcomes.

The analyst compared XRP's current consolidation to its 2022 bottoming phase rather than a breakdown in its long-term trend.