Crypto

ETH is flashing a rare “Broadening Wedge Breakout” on the 3D chart, with upside targets reaching as high as $6,850.

The SEC staff guidance on liquid staking could be a boon for institutions that want to include the technology in products, but there’s still uncertainty. The US Securities and Exchange Commission’s latest comments on liquid staking have sparked a mix of optimism and concern, highlighting the regulatory gray area surrounding one of crypto’s fastest-growing sectors. While some in the industry see the nonbinding guidance as a step forward for institutional and retail adoption, others warn it leaves key legal questions unresolved and could face challenges down the line. “First, these guidelines are not law… and they could be contested at some point,” Scott Gralnick, head of institutional staking at Marinade, told Cointelegraph. Read more

Chainlink has introduced the Chainlink Reserve, a new onchain treasury designed to accumulate its native token LINK using revenue from both enterprise clients and blockchain services. The initiative aims to support the long-term sustainability of the Chainlink Network by converting off-chain and on-chain payments into LINK through its recently expanded Payment Abstraction infrastructure. In its […] The post Chainlink launches on-chain strategic LINK reserve to boost long-term network saustainability appeared first on CryptoSlate.

The order directs the Department of Labor to reevaluate how crypto should be treated by retirement fund managers.

The NFT market saw a remarkable resurgence in July, outpacing DeFi in terms of user activity, according to an Aug. 7 DappRadar report. The shift marks a significant milestone and could indicate that NFTs are once again capturing the public’s attention following significant lull that has lasted since their fall in the 2022 bear market. […] The post NFTs stage comeback with $530M in July trades, flipping DeFi user activity appeared first on CryptoSlate.

The investor moved 3,000 BTC. Bitcoin's price has fallen in recent weeks from an all-time high.

The shareholder letter by Two Seas Capital says the buyout offer undervalues Core Scientific's business. Two Seas Capital, the largest active shareholder of Bitcoin mining company Core Scientific, announced its intention to vote against the buyout offer proposed by AI infrastructure company CoreWeave. The investment company holds a 6.5% stake in Core Scientific and said the $9 billion valuation deal, finalized in July, undervalues the business. The shareholders wrote on Thursday: The fact that Core Scientific's stock price declined by 30% in the days following the transaction announcement strongly suggests to us that other investors agree,” the letter reads. Read more

GPT-5 is here. OpenAI launched its most advanced language model Thursday. Here’s everything you need to know.

An executive order paving the way for crypto to be included in 401(k) plans is also helping boost prices on Thursday.

Donald Trump is making good on his pre-election promises and continues to push for favorable crypto regulations.

Jay Clayton has emphasized accountability after a New York jury convicted Tornado Cash developer Roman Storm for operating an unlicensed money-transmitting business, noting that the promise of stablecoins and other digital assets cannot excuse facilitation of more than $1 billion in laundered funds. The post SDNY U.S. Attorney Jay Clayton Issues Statement On Roman Storm Conviction appeared first on Cryptonews.

Top markets on Myriad this week include predictions on the price of Bitcoin and markets with connection to the Ethereum founders.

Binance has expanded its fiat off-ramp with Mastercard Move, letting European users sell crypto for euros or withdraw euro balances straight to a linked card quickly. The update has eased payout friction and may reach other currencies as compliance rules mature. The post Binance Taps Mastercard for Real-Time Euro Crypto Cash-Outs – Global Rollout Next? appeared first on Cryptonews.

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.