Terawulf saw its net losses expand to over $79 million in the first six months of the year, according to its latest financial report.
Ethereum co-founder Vitalik Buterin recently noted that Visa began with ideals similar to a decentralized autonomous organization (DAO), aiming for shared ownership and collaborative governance. However, he explained that Visa has evolved into a company widely viewed as highly centralized and profit-driven. Buterin’s comments highlight how even organizations founded on decentralized, community-driven principles can become …
While you can’t literally split a private key, there are secure legal and technical methods to share or divide control of crypto assets during divorce.
President Donald Trump signed an order on Aug. 7 allowing crypto in 401(k) plans, subject to agency rulemaking. The directive tells the Labor Department, the SEC, and Treasury to revisit constraints on plan menus, opening the door for defined contribution plans to add sleeves tied to Bitcoin and ether through pooled vehicles. The focus now […]
The post Trump 401k order can drive up to $122 billion into Bitcoin, Ethereum through default flows appeared first on CryptoSlate.
The Know Labs and the former Chief Revenue Officer (CRO) of Ripple, Greg Kidd, announced the successful closing of the $100 million strategic acquisition with Mr. Kidd’s affiliate, Goldeneye 1995 LLC. Upon closing the transaction on August 6, Mr. Kidd was appointed Chief Executive Officer and Chairman of the Board of Directors. Know Labs Will …
CrediX, a Solana-based decentralized lending platform, suffered a $4.5 million exploit on August 4, 2025. Attackers gained admin and bridge permissions through a multi-signature wallet vulnerability, minted unbacked tokens, and drained liquidity pools. Following the breach, CrediX took its website offline and deleted social media activity, raising fears the team has disappeared. The stolen funds …
Ripple’s cryptocurrency, XRP, has overtaken Uber in market capitalization, reaching approximately $196.5 billion compared to Uber’s $193.25 billion. This achievement marks a major milestone for the cryptocurrency, reflecting its growing adoption and investor interest. The shift highlights how digital assets like XRP are increasingly competing with traditional tech companies in terms of market value, signaling …
El Salvador's Bitcoin bank initiative could reshape global financial norms, challenging traditional banking and influencing crypto adoption.
The post El Salvador set to roll out Bitcoin banks amid growing national BTC stockpile appeared first on Crypto Briefing.
Crypto investing has entered a new era. With U.S. regulators greenlighting 19 spot cryptocurrency ETFs, including 11 for Bitcoin and 8 for Ethereum. Successively, traditional and new investors alike can now access digital assets with a click, minus the wallet headaches. But as we edge closer to possible altcoin ETF launches, will this disrupt the …
Stellar price today (XLM) is showing renewed strength, with its price rallying amidst a generally bullish outlook for the broader cryptocurrency market. After a period of retracement from mid-July, Stellar price USD has recaptured investor attention, with a recent intraday spike, which happened due to a combination of powerful technical signals and fundamental developments that …
Bitcoin is trading with renewed volatility after successfully pushing back into the previous price range above the $115,000 level. This move signals resilience from the bulls, who are showing strength following several days of panic selling and heightened fears of a deeper correction. Market sentiment, while still cautious, is improving as BTC buyers reclaim ground. Related Reading: XRP Whale Activity Signals Warning: Distribution Pattern Resurfaces According to CryptoQuant data, the % BTC price change since the last difficulty bottom indicator currently sits at +7.4%, placing it in the green zone. This metric is a valuable tool for assessing miner health and market stability. Historically, real miner capitulation phases occur when this reading drops into sustained negative territory between –10% and –30%, typically after a series of difficulty decreases. Such conditions force weaker miners to sell holdings under pressure, often contributing to market downturns. At present, Bitcoin’s position above zero on this indicator suggests the market has emerged from significant miner stress. This reduces the risk of forced selling from mining operations, providing a steadier backdrop for price action. While not yet in an euphoric phase, the current reading indicates a moderate but constructive environment — one that could allow BTC to build a stronger foundation for the next upward move. Bitcoin Miner Health Signals Neutral-to-Positive Market Backdrop Top analyst Axel Adler shared fresh data suggesting that Bitcoin’s miner health remains in a neutral-to-positive state. According to Adler, the price is currently above the last difficulty bottom level, meaning there is no capitulation among miners. This reduces pressure from forced sales by weaker mining operations, a dynamic that often adds selling pressure during market downturns. The current +7.4% reading on the “% BTC price change since last difficulty bottom” indicator points to moderate momentum. While this is a constructive signal, Adler noted that it is far from the euphoric conditions seen in past market peaks, when readings surged between +50% and +80%. Looking ahead, Adler outlined several key factors to monitor: Next difficulty adjustment during falling prices: This would be a warning sign, indicating potential stress for weaker miners. Hashprice/revenue per TH/s: Tracking miner profitability can confirm or refute whether the sector is under pressure. Miner reserves: An increase in selling during weak price action would be an early signal of mounting stress. The bottom line, according to Adler, is that the miner factor is not currently dragging the market down, but it is also not a strong bullish driver. Instead, it serves as a steady, supportive backdrop — as long as Bitcoin does not break sharply above the last difficulty bottom level with double-digit percentage gains or, conversely, drop below it. In this environment, BTC’s price action will depend more on demand-side catalysts and macroeconomic developments than miner-driven pressures. Related Reading: Bitcoin STH Realized Price Signals Fragile Support: Correction Risk Intensifies BTC Price Analysis: Testing Key Resistance Level Bitcoin’s 4-hour chart shows the price attempting to sustain gains after reclaiming the $115,724 support zone. Following a strong bounce from recent lows, BTC pushed above the 50-day (blue), 100-day (green), and 200-day (red) moving averages, signaling a short-term shift in momentum. Currently, BTC is consolidating around $116,585, with immediate resistance at $116,600–$116,700, aligned with the 100-day SMA. A breakout above this area could open the path toward the $118,000–$118,500 region, with the next major resistance at $122,077, the previous range high. On the downside, $115,724 remains a crucial support level. A failure to hold this could trigger a pullback toward $114,000, with stronger support near the $112,500 zone. Volume has been relatively modest on this rebound, suggesting that bulls need stronger participation to maintain upside momentum. Related Reading: Ethereum Bears Dominate Market Orders: -$418.8M Daily Net Taker Volume Signals Trouble The recent move above multiple SMAs is a positive short-term sign, but BTC is still trading within the broader range established in July. Until the price decisively breaks above $118K, the market remains in a consolidation phase, vulnerable to reversals if buying pressure fades. Maintaining support above $115.7K will be key for bulls aiming to test higher resistance levels in the coming sessions. Featured image from Dall-E, chart from TradingView
Bitcoin is facing a serious supply crunch as big institutions scoop up coins faster than miners can produce them. With demand soaring and supply shrinking, the race for Bitcoin is heating up. Could Bitcoin’s limited supply spark the next massive price surge? Institutional Buying Sparks Supply Crunch Institutional investors have snapped up over 545,000 BTC …
Internet Computer defends key support with multi-million unit volume surges, fueling a breakout toward $5.40 resistance
The fund is one of 25 "T-REX" leveraged single-stock ETFs tracking popular companies like Apple, Nvidia, and Strategy.
Ripple’s courtroom victory over the SEC has ignited a fresh round of verbal crossfire in the crypto world. Pro-XRP lawyer Bill Morgan wasted no time calling out Bitcoin maximalists, especially MicroStrategy chairman Michael Saylor, over their long-running claims that altcoins like XRP are securities. “XRP itself was, is, and forever will be, not a security,” …
El Salvador is signaling its next significant step in Bitcoin adoption by planning to create a dedicated Bitcoin bank. On Aug. 8, the country’s Bitcoin Office posted on X, declaring: “Bitcoin Banks are coming to the Bitcoin Country.” Although no further details were disclosed, the announcement suggests a plan to integrate Bitcoin-based banking into the […]
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Block, the fintech company led by Jack Dorsey, increased its Bitcoin holdings by 108 BTC in the second quarter of 2025. This brings the total to 8,692 BTC, valued at roughly $1 billion. Despite a $212 million revaluation loss due to Bitcoin’s price drop, Block reported strong financial results with a 14% rise in gross …
The bounce in FIL came as the wider crypto market rose, with the Coindesk 20 index recently up 3.1%.
El Salvador has announced plans to introduce the world’s first Bitcoin banks, aiming to integrate Bitcoin more deeply into its financial system. The initiative builds on President Nayib Bukele’s pro-Bitcoin strategy, seeking to offer banking services fully denominated in Bitcoin. These Bitcoin banks could enhance financial inclusion in a country with many unbanked citizens by …
El Salvador’s bold Bitcoin experiment is taking another leap forward. The country’s official Bitcoin Office announced on X that “Bitcoin Banks” are on the way, marking what could be the first banking system in the world fully built around Bitcoin. While the announcement was brief, it signals a major step in embedding BTC into the …
Your day-ahead look for Aug. 8, 2025
As trust in crypto exchanges remains low, Binance’s new custody deal with BBVA marks a shift toward traditional finance safeguards.
China has told brokers, think tanks, and financial institutions to stop promoting stablecoins – no research reports, no seminars, no hype. The orders, issued in late July and early August, are aimed at cooling the growing interest in the sector. Regulators are worried that stablecoins could be used for fraud in mainland China, and that …
Crypto pundit Versan Aljarrah, the founder of Black Swan Capitalist, published a lengthy post on X on Aug. 7 alleging that the XRP price is being deliberately constrained by a multi-pronged architecture spanning exchanges, regulation, and liquidity infrastructure. Framing the situation as “The Biggest Financial Cover-Up,” Aljarrah writes that “the current price of XRP doesn’t reflect its utility, its adoption, or its strategic position,” and claims the “suppression mechanisms in place are layered, coordinated, and strategically embedded within the very exchanges, regulations, and infrastructure that claim to support a free market.” Is The XRP Price Manipulated? Anchoring his thesis to the SEC’s December 2020 enforcement action against Ripple, Aljarrah characterizes the timing as deliberate and disruptive rather than investor-protective. “This wasn’t about investor protection. It was strategic economic warfare,” he argues, asserting that “just days after XRP began gaining traction on Bloomberg and other news outlets,” the lawsuit was filed “under direct orders from central planners and Wall Street.” He ties that filing to what he describes as momentum in XRP’s real-world payments utility, citing Ripple’s relationship with MoneyGram and “other key global payment corridors.” According to Aljarrah, the case “froze US institutional capital, forced XRP off most trading platforms, and created uncertainty around its legal status,” echoing a view he attributes to @Jvallee2000 that the action was about “disrupting momentum and eliminating competition through regulatory overreach.” Related Reading: XRP Price Projection: 5 Key Things To Watch Out For As The Bull Market Unfolds The core of his market-structure critique targets centralized exchanges. Aljarrah claims that whenever “liquidity begins to build or organic volume starts to rise,” XRP encounters “clear patterns of coordinated resistance.” He alleges the presence of “algorithmic trading bots, spoof orders, and systematic wash trading” that “consistently stall momentum or create fake volume to obscure real demand,” and argues that if XRP “were treated like any other digital asset,” it would exhibit “sharp upward price action as utility driven demand increases.” Instead, he says, the market repeatedly “bumps into artificial sell walls at key resistance points and high volume transactions that mysteriously have no impact whatsoever on the spot price,” which he calls “no accident.” Aljarrah devotes particular attention to how he believes enterprise payments activity is insulated from public price discovery. He describes Ripple’s On-Demand Liquidity flows as settling in XRP “but [being] intentionally kept off the radar of traditional market activity.” In his telling, “volume is somehow routed through OTC desks, private liquidity hubs, and arranged corridor partners to minimize slippage and limit the market exposure.” That routing, he argues, enables XRP to “function as a global bridge asset without triggering visible price increases on public exchanges.” He concedes uncertainty on the precise mechanics—“I’m not sure how this is done but maybe this has anything to do with it?”—and points readers to an external video clip as a possible illustration. Related Reading: XRP May Be Headed For A Deeper Correction, Warns Analyst He then situates these alleged microstructure effects within what he portrays as a structurally restricted US market during critical adoption years. “Coinbase, Kraken, and other major exchanges delisted and restricted XRP following the SEC lawsuit, effectively cutting off access for retail investors,” Aljarrah writes, while claiming Ripple’s expansion “globally, particularly across Asia and the Middle East,” left US participants “sidelined under the guise of regulatory uncertainty.” He characterizes the dynamic bluntly: “The US was playing both sides, and there’s proof of it.” XRP Adoption In The Dark? The post also advances a narrative of divergence between XRP’s intended function and its observed trading correlations. Aljarrah says XRP has been “treated as a long term utility instrument for a new monetary system, unlike 99% of the crypto market,” yet its price action remains tethered to “violent, speculative assets like $BTC and $ETH, neither of which offer any real utility.” He alleges “institutional accumulation behind the scenes,” asserting that while “retail investors were kept in the dark and blocked from key markets, institutional players gained early access through private investment vehicles, regulatory sandboxes, and cross-border corridor testing.” Summarizing this view, he insists: “The flows are real, yet none of it shows up on public charts. Meaning, XRP is being adopted. It’s being used. But its price is being managed.” Price level rhetoric features prominently in Aljarrah’s conclusion. “You can’t accept XRP’s role in real time settlements, central bank integrations, and global remittance adoption at a stagnant $3 price tag without acknowledging how tightly it’s being controlled,” he writes, adding a categorical forecast: “If XRP were allowed to operate in a truly open and fair global marketplace, without artificial barriers, I guarantee you it wouldn’t be hovering around three dollars.” He closes by asserting a deliberate, time-bound design to the current state of play: “There’s a deliberate framework designed to suppress XRP until the infrastructure is fully built and legacy systems are ready to migrate.” The open issue he poses—“how long will the suppression continue while the very institutions enforcing it prepare to flip the switch?”—serves as his final provocation. Aljarrah’s post presents a comprehensive allegation that links legal timing, exchange behavior, liquidity routing, and institutional access to a single outcome: visible underpricing relative to utility. The claims are framed as assertions rather than accompanied by underlying order-book data, corridor-level volumes, or documentary evidence. But his position, in his own words, is unambiguous: “XRP is being adopted. It’s being used. But its price is being managed.” At press time, XRP traded at $3.33. Featured image created with DALL.E, chart from TradingView.com
Chinese financial regulators have instructed local brokerages and research organizations to halt the promotion of stablecoins. They were told to stop publishing studies and cancel seminars on stablecoins due to concerns over fraud and speculative risks. This move aims to prevent a rush of uninformed investors into the asset class. Despite China’s crypto ban, digital …
The move comes amid rapid accumulation by Ethereum treasury companies and increasing ETF inflows in recent weeks.
Coinbase’s Layer 2 network, Base, has announced it will start collecting coined content as part of its push to support creators in a new digital economy. In an Aug. 7 post on X, the Ethereum layer-2 said it will hold these tokens indefinitely, with no plans to trade or sell them. It also stressed that […]
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Bitcoin’s energy-based “fair value” sits at $167K, 45% above its current price, as record hash rate data shows BTC trading at a deep 31% discount.
Standard Chartered’s Hong Kong arm and Animoca Brands have launched a joint venture, Anchorpoint Financial, to develop a licensed Hong Kong dollar stablecoin.
Swiss digital asset bank Sygnum, managing $1 billion in assets, has launched a full range of services for the $SUI cryptocurrency tailored to institutional clients. The offering includes secure custody, trading, staking, and lending, giving professional investors access to multiple ways of engaging with the SUI ecosystem. This move aims to meet growing demand from …