Crypto

SoFi Technologies will leverage the Bitcoin network under a partnership with Lightspark to better compete in the $740 billion global remittance market. Digital bank SoFi Technologies is set to become the first US bank to leverage the Bitcoin network and Universal Money Address — allowing Americans, Mexicans, and others to send money through the Lightning Network.  SoFi partnered with Bitcoin (BTC) payments infrastructure Lightspark to launch its blockchain-powered international money transfer service, which will go live later this year, starting in Mexico, SoFi said in an announcement on Tuesday. “For many SoFi members who regularly send money to loved ones internationally, the ability to quickly transfer money at low cost isn’t just a convenience, it’s a meaningful improvement to their everyday financial lives,” SoFi CEO Anthony Noto said on X.  Read more

The digital ruble will boost Russia’s economy to the tune of $3.2 billion per year, the country’s credit ratings agency says. The post Digital Ruble ‘Will Make Russia $3.2 Billion Per Year,’ Moscow Claims appeared first on Cryptonews.

Crypto and related stocks are sliding as traders brace for the July FOMC meeting minutes and Powell’s Jackson Hole speech, fearing a hawkish Fed stance.

$OKB has climbed on a token burn, a 21M cap, and X Layer’s launch as a gas token. Price has consolidated above $120–$122 and traded near $123 after meeting $130 resistance. OKX has begun OKTChain conversions, while on-chain data has shown ~17,900 holders and high address concentration.   The post $OKB Jumps Over 6% After 65M Token Burn and ‘X Layer’ Launch appeared first on Cryptonews.

DeepSeek Predicts XRP, Monero, and Dogecoin could rise before August closes, even as Bitcoin faces turbulence after inflation data and regulatory shifts. U.S. policy updates, including the GENIUS Act and SEC reforms, have shaped fresh optimism for a crypto breakout. The post China’s DeepSeek AI Predicts The Price of XRP, XLM, and DOGE This August appeared first on Cryptonews.

Bitcoin slips below $115K after triangle breakdown. Will BTC defend $112K support or slide toward $108K? Explore the latest Bitcoin price prediction and outlook. The post Bitcoin Price Prediction: Can BTC Hold $110K After Triangle Breakdown? appeared first on Cryptonews.

Brazil’s Chamber of Deputies Economic Development Commission will hold its first hearing on Aug. 20 to examine a proposal to establish a Bitcoin Strategic Reserve (RESBit) worth up to $18.6 billion. As Agência Câmara de Notícias reported, the 3 P.M. ET session will gather technical perspectives on Bill 4501/24, which seeks to modernize Brazil’s treasury […] The post Brazil to hold first hearing on proposed $19 billion Bitcoin Strategic Reserve appeared first on CryptoSlate.

Auction house Lloyds is offering a bundle of over 280 Bitcoin domain names, including some it believes are tied to early developers.

The former athlete and top crypto official under Trump has been designated to lead Tether's plans for the future of the Web3 economy.

ChatGPT's Bitcoin Analysis has detailed BTC at $113,912 (-2.05%) amid sales by BlackRock and Ark 21Shares; price has slipped below the 20/50-day EMAs while holding above the 100/200-day levels, with MACD negative, RSI near 42 and thin volume suggesting a cautious tape. The post ChatGPT’s Bitcoin Analysis: BlackRock’s $548M Exit Tests $113K – Bounce or Breakdown? appeared first on Cryptonews.

The latest wave of crypto treasuries shows protocols exploring creative strategies to sustain token growth. The race to build crypto treasuries is accelerating. Alongside high-profile ventures raising billions, blockchain native protocols themselves are exploring new ways to lock value into their ecosystems, and in some cases, even reimagine what a treasury can do. On Aug. 7, the Chainlink network announced its own reserve, designed to accumulate the protocol's native token Chainlink (LINK) collected from both onchain service fees and offchain enterprise revenue, creating a direct link between Chainlink’s business activity and long-term token demand. Since then, the protocol has made two deposits to its newly launched onchain treasury. Onchain data from Etherscan shows total holdings at 109,661.68 LINK at this writing, valued at about $2.6 million. Read more

The shake-up follows Meta’s $14 billion investment in Scale AI and aggressive hiring spree earlier this year.

Federal Reserve Vice Chair for Supervision Michelle Bowman acknowledged that crypto firms experienced debanking due to regulatory uncertainty. During the Wyoming Blockchain Symposium on Aug. 19, Bowman also announced a fundamental shift in the Fed’s approach to blockchain innovation. She revealed the central bank eliminated reputational risk considerations from bank supervision in late June to […] The post Federal Reserve says US banks should serve crypto without fear of penalties appeared first on CryptoSlate.

Paul Atkins has praised the GENIUS Act at SALT Wyoming, calling Congress’s passage a “seminal” step toward crypto clarity. Treasury has sought public comment on illicit finance risks, Donald Trump has signed the law, and Scott Bessent has said stablecoins could expand dollar access. The post Chair Paul Atkins Praise The Genius Act As A ‘Seminal’ Step For Crypto appeared first on Cryptonews.

Bullish has raised $1.15B through a stablecoin-based IPO involving USDC, EURC, and others, largely settled on Solana. The development has highlighted rising adoption of Bullish Solana Stablecoins in regulated financial markets worldwide. The post Bullish IPO Raises Record $1.15B With Solana Stablecoins – Is This Crypto’s Takeover? appeared first on Cryptonews.

Thumzup is planning to acquire Dogehash in an all-stock deal that is expected to close later this year. 

Tether has appointed Bo Hines, former White House Crypto Council executive director, as strategic advisor for U.S. digital assets strategy. The move reflects a wider industry trend of hiring ex-policymakers as Congress considers stablecoin legislation shaping the future of U.S. crypto oversight. The post Tether Hires Ex-White House Crypto Council Director Bo Hines as U.S. Strategy Advisor appeared first on Cryptonews.

The American Innovation Project’s board includes executives from the Solana Policy Institute, Blockchain Association, Paradigm, Digital Currency Group and Coinbase.  A group of crypto industry figures has launched a nonprofit lobbying arm to engage US policymakers and the public on digital asset issues. A nonprofit organization headed by significant figures in the cryptocurrency and blockchain industry has launched with the goal of educating policymakers and encouraging public advocacy. On Tuesday, the American Innovation Project (AIP), a 501(c)(3) organization based in Washington, DC, debuted planning to “connect policymakers, industry leaders, and experts to build understanding of emerging technologies,” including AI and blockchain. Read more

Senate Banking Committee Chairman Tim Scott reportedly predicts that 12 to 18 Democrats will support comprehensive crypto market structure legislation. According to Aug. 19 reports, Scott is conducting individual meetings with Democratic members, including those outside the Banking Committee, to build bipartisan backing for the anticipated September bill introduction. The South Carolina Republican’s outreach efforts […] The post Senate Banking Chairman Tim Scott predicts up to 18 Democrats to break ranks on sweeping crypto law appeared first on CryptoSlate.

Galaxy, SharpLink, BitMine were among the names that plunged nearly 10% as risk appetite faded and bitcoin sunk to $113,000.