Crypto

Trump has repeatedly outlined in the past that he wants the US to be the leader in AI and crypto.

Senate floor vote on the CLARITY Act is confirmed before August recess, but three unresolved disputes threaten the 60-vote majority crypto reform needs. The post CLARITY Act Senate Vote Locked In, But 60-Vote Hurdle Looms Large appeared first on Cryptonews.

Ripple's equity investments in Zilo and Licuido aim to turn idle tokenized fund shares into working collateral on the XRP Ledger via atomic settlement. The post XRP News: Ripple Takes Equity Stakes in Zilo and Licuido to Fix Idle Tokenized Assets appeared first on Cryptonews.

Ethereum trades at $1,861 as BitMine holds 4.8% of ETH supply. Explore the key technical levels, bull and bear scenarios, and what the data says about ETH's next move. The post One Company Owns 4.8% of All Ethereum in Circulation: Ethereum Price Prediction Hasn’t Reacted Yet appeared first on Cryptonews.

Earlier this week, BlackRock expanded its U.S. tokenized cash platform which involved offering onchain shares of an existing fund, plus a new daily reinvestment stablecoin fund.

Hashdex's DEFI, the smallest of the funds, held $14.7 million under management, compared with $47.08 billion for BlackRock’s IBIT.

Block's Bitcoin Engineering and Security team and independent Bitcoin Core developers have traced the recent batch of Coinkite Coldcard wallet losses to a specific firmware defect that exposed a hidden weakness in Bitcoin self-custody before any user touched a seed phrase. The bug diverted the device's random-number generation from its STM32 hardware source to MicroPython's […] The post Coldcard crisis hits $130 million – proving ‘not your keys’ is meaningless if you trust a single device to generate them appeared first on CryptoSlate.

Bitcoin trades at $63,632 as short-term holders sell at a loss and liquidation clusters form at $62K and $64K. Here's what the technicals say about the next move. The post Bitcoin Price Prediction: 32,000 Bitcoin Just Hit Exchanges at a Loss in a Single Day, Is a Short-Term Holder Capitulation Signaling the Bottom? appeared first on Cryptonews.

Two of the five were also convicted of conspiracy to blackmail, in a case police won without either victim testifying.

The preferred shares have recovered nearly 24% from their June closing low as Strategy builds its cash reserve and repurchases STRC. Strategy’s variable-rate preferred stock, STRC, closed above $90 for the first time in seven weeks, extending its recovery from a June selloff that raised concerns about the Bitcoin treasury company’s financial resilience. STRC closed at $92.32 on Monday, up 3.2% from Friday’s $89.46 close, according to Yahoo Finance data. It was the first close above $90 since June 16. The stock has recovered nearly 24% from its June 26 closing low of $74.57. Read more

UNI is the other big loser over the past 24 hours, while UB has entered the top 100 alts after an 11% surge.

The first US-Japan joint yen intervention in 28 years came amid record bond yields and worries about the yen carry trade. Joint currency interventions in the yen by Japan and the US could ultimately benefit Bitcoin and risk assets.  Washington’s growing coordination with the Bank of Japan (BoJ) points to a potential boost in global dollar liquidity — even as it runs up against a yen carry trade unwind that could squeeze liquidity if it deepens further. Last week, the US and Japan conducted a rare joint intervention to prop up the yen, which had slid to 40-year lows of 164 per dollar — the first of its kind since 1998. The New York Federal Reserve Bank sold euros, rather than dollars, on behalf of the US Treasury. The sales involved the Exchange Stabilization Fund, or ESF, a stockpile of foreign exchange reserves. Read more

Perhaps the large portion of BTC's price recovery was fueled by the impressive ETF numbers.

Bitcoin and jobs data are on a collision course this week, with the price pinned between $62,200 and $65,000 after the first economic release worked against the bulls. The ISM Manufacturing PMI printed 55.6 on Aug. 3, beating the 54.0 consensus and rising from June's 53.3 to its highest reading since May 2022. New orders […] The post Bitcoin must clear $65,000 before Friday, or jobs data could turn $62,000 into a trapdoor to $60,000 appeared first on CryptoSlate.

Japan may have spent as much as $36.6 billion buying yen in the first joint US-Japan action to support the currency since 1998. Bitget Wallet’s Alvin Kan says it can slow a disorderly slide without reversing the broader trend.

Base has also become the largest L2 for curated capital.

Apple restored Telegram after the messaging platform removed content that violated its child safety policies and banned the user who posted it. Apple briefly removed Telegram from the App Store after its review found content that violated its policies on child sexual abuse material, according to Bloomberg.  The messaging app was later restored after Telegram removed the content and banned the user who posted it, Apple said. The Telegram-linked token Gram fell about 6.4% to $1.32 from $1.41 following reports of the removal. It had recovered to about $1.40 at the time of writing, according to CoinGecko data.  Read more

The comments came as the Coldcard saga continue to unravel.

The planned Gelephu Mindfulness City says 3iQ will run part of its bitcoin treasury on a market-neutral basis, a shift from holding the coins as a long-term national asset.

Jim Cramer says he's dumping his bitcoin over quantum computing fears, but his track record of crypto and bank calls has buoyed the crypto community.