Crypto

Federal Reserve Board of Governors member Adriana Kugler announced her resignation on Aug. 1, paving the way for a Trump nominee at the US central bank. Update (Aug. 7 at 8:33 pm UTC): This article has been updated to reflect that Donald Trump said he would nominate Stephen Miran to the Federal Reserve Board. US President Donald Trump said he would nominate Stephen Miran, chair of the Council of Economic Advisors, to temporarily replace Federal Reserve Board of Governors member Adriana Kugler after her resignation becomes effective on Friday. In a Friday social media post, Trump said Miran would serve at the Fed until Jan. 31, 2026, as the White House will “continue to search for a permanent replacement.” The president had reportedly been weighing economic adviser Kevin Hassett, former Fed governor Kevin Warsh and two other people to replace Kugler by the end of the week. Read more

ChatGPT's BTC Analysis has detailed a textbook coiled-spring setup as Bitcoin stays in a 0.09% band at $116,704 while holding above all major EMAs. A mooted Trump order to permit BTC in 401(k)s could break the deadlock via swift rally or shallow test. The post ChatGPT’s BTC Analysis: Trump 401(k) Push Sets Stage for Explosive $118K Breakout appeared first on Cryptonews.

Union Jack Oil (UJO), a UK-listed oil and gas firm, is exploring a new path to monetize its gas resources by turning to Bitcoin mining, per an Aug. 7 statement. According to the firm, the move is focused on harnessing the natural gas from its West Newton site in East Yorkshire to generate electricity for […] The post UK-based Union Jack Oil turns to Bitcoin mining amid rising network difficulty appeared first on CryptoSlate.

A new executive order would allow Americans to add crypto to their 401(k) accounts.

Altcoin Season momentum has remained uneven, with the index showing capital is still centered on Bitcoin; however, volumes have shifted toward Dogecoin, Sui, and Pudgy Penguins, where steady liquidity, ongoing technical updates, and active communities have provided rare focal points for traders. The post Altcoin Season Countdown: Dogecoin Hits $1.6B Volume, Sui Climbs – Are Penguins Next? appeared first on Cryptonews.

Two Seas Capital has come out against Core Scientific's proposed all-stock acquisition by AI cloud provider CoreWeave.

SharpLink Gaming has raised $200 million from institutional investors in a direct stock offering to further fuel its Ethereum (ETH) buying spree and take its holdings beyond $2 billion. The funding round, expected to close Aug. 8, was priced at $19.50 per share and led by A.G.P./Alliance Global Partners. Societe Generale acted as co-placement agent, […] The post SharpLink raises another $200M to push Ethereum holdings beyond $2B appeared first on CryptoSlate.

Shiba Inu (SHIB) is gaining momentum as the project announces a groundbreaking move – a community election to choose the next leader of its $7 billion “state network.”The token has edged higher following the news, with developers framing the vote as a major step toward full decentralization.Shytoshi Kusama, the most prominent figure behind the Shiba […] The post Shiba Inu Price Prediction: SHIB’s Top Developer Kusama Calls for Historic Election – $10 SHIB Possible? appeared first on Cryptonews.

Union Jack Oil’s new Bitcoin mining plan could turn stalled gas wells into early cash flow, potentially paving the way for one of the UK’s first corporate Bitcoin treasuries. Union Jack Oil, a publicly traded UK energy company, has announced plans to convert natural gas from its West Newton site into electricity to power Bitcoin mining, marking what could become one of the country’s first “oil-to-crypto” monetization projects. The move could generate early cash flow from wells that would otherwise remain undeveloped, the company said on Thursday in an operations report. The project is being pursued in partnership with Rathlin Energy and Texas-based 360 Energy, which specializes in turning stranded or flared gas into power for on-site data centers. Read more

An Australian crypto laundering investigation has brought charges against barrister Dimitrios Podaridis, Peter Delis, Bassilios Floropoulos and Harry Tsalikidis. ASIC alleges they funneled funds from fake bond schemes into offshore accounts and crypto exchanges between January and July 2021. The post Australian Crypto Laundering Crackdown: ASIC Charges Four Over $35M Fake Bond Scam appeared first on Cryptonews.

Sui ($SUI) has advanced 8.7% toward $4 on growing institutional interest and DeFi traction. Mill City Ventures has allocated $450 M, AMINA Bank has begun regulated custody, TVL has topped $2.09 B, and integrations such as zkTunnels and Google Cloud have bolstered enterprise adoption. The post Sui ($SUI) Rallies 8.7% as $450M Institutional Bet Signals Fresh Run Toward $4 appeared first on Cryptonews.

The New York Department of Financial Services (NYDFS) has imposed a $48.5 million penalty on Paxos as part of its enforcement action against the stablecoin issuer, according to an Aug. 7 announcement. The settlement includes a $26.5 million civil monetary fine and mandates Paxos to spend an additional $22 million over three years to strengthen […] The post New York fines Paxos $48.5M over Binance-linked compliance lapses appeared first on CryptoSlate.

Built with Provenance Blockchain, NUVA offers institutional-grade tokenized assets like stablecoin securities and HELOCs. Web3 company Animoca Brands has launched a new marketplace for investors to access tokenized real-world assets (RWAs), fixing what its CEO calls a “fragmented” tokenization marketplace at a time of growing institutional interest in the technology. The new platform, called NUVA, was developed in partnership with ProvLabs, the organization behind the Provenance Blockchain, according to a joint announcement on Thursday. The NUVA marketplace will leverage Provenance Blockchain’s existing ecosystem of RWAs, which currently holds assets valued at approximately $15.7 billion. Read more

$ENA has surged 12% as trading volumes rebound and whales add over 1 B tokens, lifting FDV near $9.5B. Ethena has launched on-chain reserves audits and a Celestia-Arbitrum Layer-1 roadmap, while TON and Aave integrations expand stablecoin reach, though a rising wedge restricts near-term upside. The post $ENA Rises 12%: Whale Accumulation & $1 Breakout Potential appeared first on Cryptonews.

Trump’s executive order comes as a group of bank associations are trying to block bank applications from four digital asset firms. US President Donald Trump is set to sign an executive order on Thursday instructing federal bank regulators to identify and fine financial institutions that engaged in “debanking.” According to Bloomberg on Thursday, citing a senior White House official, regulators will be required to review complaint data, while financial institutions under the purview of the Small Business Administration will be asked to make efforts to reinstate clients who were unlawfully denied banking services. Debanking has been a key concern among some political groups, who argue that businesses such as gun manufacturers and fossil fuel companies have been denied banking services for idealogical reasons. Read more

ADA's price has plunged by 5% in the past week.

After failing to detect $1.6 B in suspect activity tied to Binance, Paxos has concluded a $48.5 M settlement with NYDFS that includes a $26.5 M penalty and a $22 M commitment to rebuild onboarding, transaction monitoring and cooperation with enforcement, showing tougher scrutiny for crypto custodians. The post New York Regulator Secures $48.5M Settlement From Paxos Over Binance Dealings appeared first on Cryptonews.

Calls and hopes for altcoin season are beginning to break down following the recent market retreat, but Bitcoin appears to be holding its ground. 

OpenAI launched GPT‑5 today, its most powerful model to date, making it available for free to all users.

Pudgy Penguins ($PENGU) has added 12% to trade at $0.0368, topping Solana’s token leaderboard with 567,000+ holders. A Robinhood Advanced listing and NFT momentum have spurred whale buying, but chart watchers eye a double-top breakdown that could deepen if volume stays light. The post Pudgy Penguins ($PENGU): Can Solana’s Top Token Maintain Momentum Above $0.037? appeared first on Cryptonews.