U.S. tech stocks came under pressure on Friday, driven by concerns about the rapid pace of investment in AI and a series of disappointing earnings reports in the semiconductor sector. The Nasdaq Composite fell 1.2%, closing out a week in which the tech-heavy index struggled to maintain recent highs. Semiconductor sector hit hard Among the […]
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Recent data from Bitcoin and gold ETFs revealed a departure from historical trends this month: instead of flows moving in opposite directions as they normally do, both Bitcoin and gold experienced outflows at the same time. This rare correlation speaks volumes about the current macroeconomic environment and shifting investor psychology. Bitcoin outflows didn’t benefit gold, […]
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The debate about Bitcoin as a method of payment versus a store of value is ongoing. With prices consistently above $100k, the relentless push from ETF issuers and Bitcoin treasury companies, and the inevitable institutionalization of the space, using Bitcoin for small payments seems more alien than ever. But is Jack Dorsey right in saying […]
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Bitfinex-backed Plasma announced a strategic partnership with EtherFi on Aug. 29, positioning the stablecoin-focused neobank as a day-one launch partner for the blockchain’s mainnet beta. EtherFi will transfer over $500 million from its Ethereum (ETH) staking vault to Plasma’s platform, providing liquidity for stablecoin-backed yield strategies. The collaboration integrates EtherFi across Plasma’s DeFi ecosystem, providing […]
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Tether abandoned plans to freeze its dollar-pegged USDT tokens on several older blockchains and is choosing instead to classify them as “unsupported,” according to an Aug. 29 statement. The change applies to networks such as Bitcoin Cash, Kusama, EOS, and Algorand, among others. Users will still be able to move tokens across wallets, but Tether […]
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BlackRock’s iShares Ethereum (ETH) Trust ETF (ETHA) recorded $1.244 billion in weekly inflows from Aug. 18-22, ranking second among all 4,400-plus ETFs tracked during the period. NovaDius Wealth president Nate Geraci noted in an Aug. 29 post via X that only Vanguard’s S&P 500 ETF outperformed ETHA’s with $1.711 billion in weekly flows. He also […]
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Eliza Labs and founder Shaw Walters filed a federal antitrust lawsuit against social media platform X on Aug. 27. According to the lawsuit, the plaintiffs are alleging that the social media platform fraudulently extracted technical information about their AI agents before deplatforming them and launching competing products. The complaint seeks damages exceeding $75,000 and immediate […]
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Bitwise Chief Investment Officer Matt Hougan said Solana could soon set new all-time highs, mirroring Bitcoin and Ethereum’s record runs earlier this year. Hougan argued that SOL is set to benefit from the same forces that propelled BTC and ETH to new highs this cycle, namely exchange-traded fund (ETF) inflows, large capital firms entering the […]
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Bitcoin (BTC) holding patterns suggest a potential resumption of the uptrend starting in late September 2025, as long-term accumulation data reveals evolving market dynamics driven by institutional adoption and policy catalysts. CryptoQuant Korean Community Manager Crypto Dan’s analysis reveals that the current cycle differs from previous bull markets due to extended timeframes and flattening momentum […]
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Tokyo-based game developer Gumi Inc. is stepping deeper into digital assets with plans to acquire 2.5 billion yen (equivalent to $17 million) worth of XRP, according to an Aug. 29 announcement. The purchase will be spread across five months from September 2025 through February 2026. According to the firm, the move is designed to give Gumi […]
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Borrowing activity in crypto markets accelerated sharply in the second quarter of 2025, according to new figures from Galaxy Research. The study found that loans backed by digital assets across DeFi protocols climbed to a record $26.47 billion, up 42.1% from the previous quarter. That surge lifted the overall balance of crypto-collateralized loans, including both […]
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Binance restored futures trading on Aug. 29 following a suspension tied to an issue in its USD-margined contracts. Per Reuters, the exchange first said all of its $90 billion futures trading was “temporarily unavailable,” then about 24 minutes later said the problem affecting Futures UM, the stack that settles contracts in USDT or USDC, had […]
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The 10 highest-grossing crypto protocols generated $1.2 billion in revenue during the 30 days ending Aug. 28, representing a 9.3% increase from the previous month’s total of $1.1 billion per DefiLlama data. Ethena led the percentage gains with a 243% revenue surge, jumping from $9.46 million to $32.48 million, as its synthetic dollar USDe captured […]
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A publicly listed real estate firm has become the first corporate treasury vehicle to hold Chainlink (LINK) as a reserve asset, signaling the growing push by companies to adopt alternative digital assets beyond Bitcoin (BTC) and Ethereum (ETH). CaliberCos, a Phoenix-based asset manager whose stock has fallen more than 98% since its 2023 Nasdaq debut, […]
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The Solana Policy Institute (SPI) has pledged $500,000 to the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev, according to an Aug. 28 statement. Storm and Pertsev helped create Tornado Cash, an Ethereum-based privacy protocol that allows crypto transactions to be mixed and anonymized. After deployment, the developers relinquished control of the […]
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US tokenized treasury products reached a new all-time high of $7.45 billion on Aug. 27, surpassing the previous peak of $7.42 billion registered on July 15. According to rwa.xyz data, the milestone caps a 14% recovery over two weeks following a market correction that bottomed out at $6.51 billion on Aug. 13. The tokenized treasury […]
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Treasury Secretary Scott Bessent’s endorsement of dollar-pegged stablecoins creates a pathway for up to $34 trillion to flow into decentralized finance protocols such as Ethena, Ether.fi, and Hyperliquid. Arthur Hayes reported in his Aug. 27 blog post that Bessent aims to redirect capital from the $13 trillion Eurodollar system and $21 trillion in Global South […]
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The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight issued an advisory on Aug. 28 clarifying foreign board of trade (FBOT) registration rules for non-US exchanges seeking to provide Americans with direct market access. Acting Chair Caroline Pham positioned the guidance as a remedy for trading activity that departed during previous enforcement actions. The […]
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American Bitcoin, the mining company partly owned by Donald Trump Jr. and Eric Trump, is preparing to go public on the Nasdaq in September, Reuters reported on Aug. 28. The firm, launched in March, is 80% owned by Toronto-based Hut 8, one of North America’s largest crypto miners. The Trump brothers collectively own the remaining […]
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PYTH and CRO rose about 48% and 38% over 24 hours, leading altcoin performance as Cronos-linked tokens reacted to a new treasury venture and oracle markets priced fresh headlines and listings. CRO’s move tracked a three-way deal to create a publicly traded CRO-focused treasury vehicle. Trump Media & Technology Group, Crypto.com, and the Yorkville SPAC […]
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Tether confirmed on Aug. 28 that its flagship USDT stablecoin will be issued directly on Bitcoin via the RGB protocol. This marks the first time a major stablecoin is being deployed natively on the Bitcoin network rather than through sidechains or wrapped assets. Speaking on this move, Tether CEO Paolo Ardoino said: “Bitcoin deserves a […]
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US-listed Ethereum exchange-traded funds (ETFs) continued their positive momentum on Aug. 27, adding $307.2 million in fresh inflows. According to SoSo Value data, BlackRock’s ETHA accounted for the lion’s share, drawing $262.23 million, representing nearly 85% of the day’s total. Fidelity’s FETH and Grayscale’s ETH contributed $20.52 million and $15.05 million, respectively, while Grayscale’s ETHE […]
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Solana’s token SOL has pushed to levels not seen since February, lifted by renewed community confidence in a major network proposal. Data from CryptoSlate shows SOL briefly rose above $215 this week, gaining more than 6% in the last 24 hours before easing slightly to $214 as of press time. This rally placed the token […]
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The US Commodity Futures Trading Commission (CFTC) will integrate Nasdaq’s surveillance system to strengthen oversight of digital asset and derivatives trading. The agency confirmed the move on Aug. 27, noting that it marks the replacement of its outdated 1990s-era monitoring tools with technology built for today’s 24-hour markets. Why the CFTC is upgrading The regulator […]
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Kanye West’s YZY token launch has left 105 traders with significant losses between $100,000 and $1 million each, totaling $26 million in combined losses at an average of $250,000 per wallet. According to data shared by Bubblemaps analysis published on Aug. 27, 70,201 traders interacted with the token, resulting in 51,862 tanking losses. West’s controversial […]
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KindlyMD, a Nasdaq-traded health-care firm that recently merged with bitcoin treasury company Nakamoto, said it plans to raise as much as $5 billion in equity to expand its Bitcoin (BTC) reserves. The company filed a shelf registration with the Securities and Exchange Commission for an at-the-market stock program, allowing it to issue shares gradually at […]
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Bitcoin (BTC) trades in a precarious position near $112,000, caught between key technical levels that could determine its next major directional move following a pullback from the $124,000 all-time high reached two weeks ago. According to an Aug. 27 report by Glassnode, BTC faces immediate resistance at $113,700, which aligns with the three-month cost basis […]
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Institutional investors increased their Ethereum (ETH) exposure via exchange-traded funds (ETFs) by 388,301 ETH in the second quarter, with investment advisors commanding the largest share of adoption across traditional finance sectors. According to data shared by Bloomberg ETF analyst James Seyffart, investment advisor firms control $1.35 billion in Ethereum ETF exposure, representing 539,757 ETH and […]
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Circle and financial software giant Finastra announced Wednesday a partnership to integrate USDC stablecoin settlement into the backbone of global banking infrastructure, a move aimed at modernizing cross-border payments long plagued by high costs and delays. The collaboration will connect Finastra’s Global PAYplus (GPP) platform, which processes more than $5 trillion in daily cross-border transactions, […]
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Chinese fintech company Linklogis has announced a partnership with the XRP Ledger (XRPL) to digitize global supply chain finance, according to a recent statement. The move will see Linklogis deploy its trade finance application on XRPL’s mainnet, a step aimed at scaling blockchain adoption for cross-border settlements. The collaboration is designed to unlock faster circulation […]
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