Crypto

Bitcoin set another all-time high at $123,231 after US Consumer Price Index data showed July inflation was unchanged month-on-month and up 2.7% year-on-year. Bitcoin (BTC) price hit a new all-time high above $123,231 on Wednesday on Coinbase, following a similar performance from the S&P 500 which rallied to a record high of 6,457. Bitcoin’s ascent to new highs comes one day after the July US CPI print showed inflation holding at 2.7% year-over-year, which was unchanged from June and below the forecast 2.8%. The data showed overall CPI increasing 0.2% versus a 0.3% increase in June. Following the report’s release, the CME FedWatch tool showed the market odds of an interest rate cut at the Federal Reserve’s September meeting rising to 93.9%. Read more

The network is facing competition from next-generation layer-1 blockchains and layer-2 networks from within its own ecosystem. The Ethereum transaction count is rising amid Ether’s (ETH) push toward the $5,000 milestone. However, increased competition is eating into network revenue and user mindshare. Ethereum’s daily average transaction count is hovering near all-time highs, at over 1.7 million transactions recorded on Tuesday, according to Nansen. For comparison, Ethereum layer-2 networks, Arbitrum and Base, recorded over 3.4 million transactions and 8.6 million transactions, respectively, and Aptos, a competing layer-1 blockchain, hosted 3.8 million transactions on Monday, according to The Tie. Read more

Crypto exchange OKX said Wednesday that it will slash the supply of its OKB token, prompting the price to skyrocket.

ChatGPT's SOL Analysis has detailed Solana's breakout above $200 after a brief pullback, reflecting bullish technical indicators, 400B transactions milestone, institutional adoption, and spillover momentum from Ethereum's rally, with forecasts pointing toward $250-$300 potential. The post ChatGPT’s SOL Analysis: Ethereum’s $4,700 Surge Sparks SOL’s $200 Breakout appeared first on Cryptonews.

Google Play’s updated policy, effective Oct. 29, will require crypto wallet apps to meet specific licensing rules in certain countries. Update (Aug. 13, 9:33 pm UTC): This article has been updated to clarify that Google's upcoming requirements will not apply to non-custodial wallets. Google Play will require crypto wallet providers in over 15 jurisdictions, including the United States and the European Union, to be licensed and comply with “industry standards” under an updated policy. The revision does not affect non-custodial wallets. According to Google Play’s policy notice, the changes take effect Oct. 29. Developers in the US will need to register with local regulators as either a money services business or money transmitter. Those in the EU must register as a crypto-asset service provider (CASP). Read more

Google Play Store introduced licensing requirements for cryptocurrency wallet applications across 15 jurisdictions, including the US and the EU. According to a report by the Rage, developers must obtain regulatory approvals before publishing apps on the platform. Furthermore, the policy requires software wallet developers to comply with local financial regulations “to ensure a safe and […] The post Google Play Store bans crypto wallets in 15 jurisdictions, requires new licensing compliance appeared first on CryptoSlate.

President Trump has signed an executive order permitting US workers to diversify retirement portfolios with alternative assets, including Bitcoin. The move expands Crypto 401(k) options, reflecting mainstream acceptance while raising questions about fiduciary risk and long-term investment strategies. The post President Trump Signs Order Letting Americans Add Crypto to 401(k) Plans – Here’s the Risk appeared first on Cryptonews.

Bitcoin hit a new all-time high Wednesday, breaking the previous milestone from July—and an Ethereum record may not be far behind.

SOL price cracked the $200 barrier, but a rally to data suggests the factors needed for new highs are missing. Key takeaways: Solana’s onchain growth supports the current rally, but declining DEX market share signal cautious trader sentiment. SOL’s perpetual futures funding rate near neutral suggests limited bullish momentum. Read more

The DOJ, in coordination with international partners, has dismantled servers and domains tied to BlackSuit ransomware. Authorities seized over $1 million in digital assets, disrupting operations that targeted U.S. critical infrastructure, including healthcare, manufacturing, and government facilities. The post U.S. Officials Take Down BlackSuit Malware Collective In Major Cyber Crackdown appeared first on Cryptonews.

Google searches for “altcoin” and “Ethereum” are surging to multi-year highs, coinciding with a wave of altcoin ETF filings and a shift in corporate treasury strategies beyond Bitcoin. Google searches for “altcoin” have reached their highest level since 2021 and interest in “Ethereum” is at a two-year peak, according to Google Trends data. The surge comes alongside a flurry of crypto-related exchange-traded fund (ETF) activity and shifts in digital asset treasuries that may draw attention beyond Bitcoin. Google Trends has recorded similar surges before. In early 2018, “altcoins” spiked months after Bitcoin’s late-2017 peak, as retail attention turned toward a wave of new cryptocurrencies launched through initial coin offerings (ICOs).  In early 2021, the term “altcoin” reached some of its highest readings on record during a broad rally fueled by decentralized finance (DeFi), non-fungible tokens (NFTs) and large-cap coins such as Ether, Cardano and BNB.  Read more

The American international financial services company will be managing the RWA-tokenization platform's Treasury Bill fund.

Two Estonian men behind the $577M HashFlare Ponzi have been sentenced to time served after 16 months in custody, forfeiting over $450M in assets. Prosecutors, who sought 10-year terms, are considering an appeal over what they view as an unusually light penalty in one of crypto’s largest fraud cases. The post HashFlare Ponzi Founders Get Time Served for $577M Crypto Scheme, Escape Additional Jail appeared first on Cryptonews.

Shares of cryptocurrency exchange Bullish jumped sharply in their first day of trading on Aug. 13, more than tripling the company’s IPO price and signaling renewed investor enthusiasm for digital asset firms in public markets. Trading under the symbol BLSH, the stock opened at $37 and surged to an intraday high of $118 before settling […] The post Bullish continues crypto IPO streak of success with 3x surge in stock on first trading day appeared first on CryptoSlate.

The current macro backdrop has rarely been more favorable for risk assets, and the market hasn't fully priced in what's coming, a report said.

The Trump Coin ETF from Canary Capital indicates that traditional finance products containing memecoins may still have demand. Canary Capital has registered a crypto exchange-traded fund (ETF) designed to track a memecoin token linked to US President Donald Trump. According to the Delaware State Department website, Canary Capital filed on Wednesday for the Canary Trump Coin ETF. The registration suggests the launch of a crypto ETF tracking the Official Trump (TRUMP) token, though a formal filing with the Securities and Exchange Commission (SEC) could still be months away. According to Cointelegraph indexes, TRUMP has a market capitalization of $1.9 billion, ranking it 49th among all cryptocurrencies at this writing. Among memecoins, the token is listed as the fifth-largest by market cap, though the list doesn’t include the original memecoin, Dogecoin (DOGE). Read more

ETH $5000 is approaching as Ethereum hovers just below its all-time high, supported by consistent ETF buying, treasury accumulation, and sustained negative SMA30 outflows. Analysts see momentum holding unless inflows turn positive. The post ETH To $5000 By This Weekend? Elliott Wave 5 Targets $5,013 As Shorts Get Wrecked appeared first on Cryptonews.

So far this month, Ethereum ETFs have pulled in as much ETH as the network has issued since the so-called merge in September 2022.

ZachXBT’s investigation has found IT workers linked to North Korea using more than 30 false identities to work in cryptocurrency projects, with leaked data tying them to a $680,000 exploit and prompting industry reviews. The post ZachXBT Exposes 5 North Korean Workers Running 30+ Fake Identities to Target Crypto Projects appeared first on Cryptonews.

Andreessen Horowitz (a16z) and the DeFi Education Fund have urged the US Securities and Exchange Commission (SEC) to create a “Safe Harbor” program for decentralized application (dApp) trading platforms. In an Aug. 12 letter to SEC Commissioner Hester Peirce, the groups wrote that a clear framework would keep builders of non-custodial interfaces from being treated […] The post a16z and DeFi Education Fund push SEC for safe harbor on dApp regulation appeared first on CryptoSlate.