Crypto

Traders betting against crypto lost $2.74 billion in a day, more than the short side of the October 2025 crash that remains the biggest liquidation event in the market's history.

Gallego said the White House has not provided point-by-point feedback on a bipartisan ethics proposal as a September vote approaches. Democratic Senator Ruben Gallego warned that rushing the CLARITY Act to a Senate vote before lawmakers resolve disputes over ethics and stablecoin yield could set United States crypto market structure legislation back. Speaking at the SALT Wyoming Blockchain Symposium on Wednesday, Gallego said the crypto industry should encourage Senate Democrats and Republicans to continue negotiating instead of pushing for an immediate vote. He said lawmakers still had to address the bill’s Agriculture Committee portion, assemble the broader package and determine how to send it to the House.  The warning complicates the Trump administration’s push for swift passage by suggesting that a procedural vote could arrive before negotiators have assembled the bipartisan coalition needed to reach the Senate’s 60-vote threshold.  Read more

Every major except tron posted double-digit weekly gains, with nearly $1.4 billion of short positions wiped out after the Treasury doubled its bond buybacks.

Binance has seen the sharpest percentage drop in XRP reserves, while Upbit and Bithumb continue to hold the bulk of tracked supply.

The August repayment ended the immediate collateral risk while the company’s going-concern warning and Michigan financing need persisted. The post Bitcoin treasury Hyperscale sells 686 BTC to clear loans but says cash won’t cover next 12 months appeared first on CryptoSlate.

Securitize closed its first quarter as a public company with average tokenized assets under management hitting a record $4.3 billion, up 16% year over year, while transaction volume on the platform jumped 147% to $5.3 billion. Total revenue fell 5% to $14.4 million, tokenization revenue dropped about 12% to $7.8 million, and adjusted EBITDA swung […] The post Can tokenized assets continue to scale faster than the revenue models behind them? appeared first on CryptoSlate.

The largest crypto asset rose more than 7% on Wednesday after several catalysts sent crypto-related assets higher.

Bitcoin ran from around $64,100 to nearly $70,000 within hours on Aug. 19, once the US Treasury unexpectedly doubled its planned buybacks of long-dated government debt. The move pushed bond yields lower and forced roughly $1.4 billion of crypto short positions out of the market in just four hours. Treasury said it would raise the […] The post Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed appeared first on CryptoSlate.

Bitcoin's steepest daily gain since March caught traders off guard, and Myriad's pump-or-dump market swung from 70-30 odds to nearly even in a single day.

Schwartz argues that AI regulations could determine not only what systems produce but also how they can be used.

Its holdings were valued at $5.21 million on June 30, while order economics and sale timing remain undisclosed. The post Down 50% on crypto and burning $8 million in cash, this Nasdaq firm just pivoted to event robots to survive appeared first on CryptoSlate.

The president said the U.S. is far ahead of China in artificial intelligence and defended the rapid construction of data centers and power plants needed to fuel the industry.

The draft cuts per-slot limits as slots shorten, squeezing leader handoffs and off-chain timing without raising the theoretical CU-per-second ceiling. The post Solana is slashing per-block compute limits so its new 350ms speed boost doesn’t overload the network appeared first on CryptoSlate.

The integration expands access to USDU, the UAE’s first central bank-registered US dollar stablecoin, as it builds distribution beyond institutional channels. Bitcoin.com is integrating USDU, a US dollar-backed stablecoin registered with the Central Bank of the UAE, into its self-custodial web and mobile wallet. USDU is issued by Abu Dhabi-based Universal Digital and is the first and currently only Foreign Payment Token registered under the UAE central bank’s Payment Token Services Regulation. Universal is also regulated by the Abu Dhabi Global Market’s Financial Services Regulatory Authority to issue fiat-referenced tokens.  According to Wednesday’s announcement, the Ethereum-based stablecoin will be available for users to hold, send and receive through the wallet, while swap and buy-and-sell functionality is expected to be added later through third-party providers. Read more

Bitcoin's long-term appeal remains intact, according to BlackRock, despite forced liquidations, weaker ETP flows and competition from AI-themed investments.

Trump touted his administration’s crypto policies and said regulators are working to bring Hyperliquid into the U.S. under a compliant framework.

Donald Trump spoke from the White House on Wednesday, urging the Senate to pass a crypto market structure bill to keep the country “ahead of China.” Update (Aug. 19, 8:55 pm UTC): This article has been updated to include comments from Senator Ruben Gallego at the Wyoming Blockchain Symposium. US President Donald Trump continued to push for passage of a crypto market structure bill as the Senate remains in recess. In a Wednesday press conference with crypto company executives including Coinbase CEO Brian Armstrong and Gemini co-founders Cameron and Tyler Winklevoss, Trump said members of Congress should pass “a fair version” of the Digital Asset Market Clarity (CLARITY) Act to keep the US “ahead of China.” The market structure bill, passed by the House of Representatives in July 2025, has been stalled in the Senate for months amid concerns about tokenized equities, stablecoin rewards and the Trump family’s potential conflicts of interest with the crypto industry. Read more

Strategy, Coinbase, Circle, and BitMine are riding Bitcoin's short squeeze toward $70K—and two of them may be squeezing equity bears of their own.

During a White House meeting Wednesday, President Donald Trump said CFTC Chair Mike Selig is working to bring the perpetual futures platform into the U.S. under federal rules.

The CEOs from companies across several tech-forward sectors met with the president in advance of this week's first Innovation Advisory Committee at the CFTC.