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Bitcoin benefits from a weaker dollar, but credit market signals warn of possible investor caution that could prevent the bulls from making a run at $120,000.

Nomura’s crypto arm gains regulatory green light in Dubai to offer institutional OTC crypto options, expanding the UAE’s footprint in global digital derivatives.

#bitcoin #crypto #michael saylor #peter brandt #btcusd #hodl #hodlers

Veteran trader Peter Brandt delivered a sharp critique of Bitcoin holders this week. According to posts on X, Brandt, a septuagenarian with more than 800,000 followers, lashed out at those who “hodl” through thick and thin. Related Reading: Slow And Steady: Bitcoin’s Current Rise Feels Different—Study He called them “a bunch of idiots who borrow money to buy pizza.” His message was blunt. He urged people to “get a life,” warning that faith in Bitcoin as a cure-all will leave many disappointed. I have had it up to the tip of my head with people on Twitter X Have a nice life ???????????????? — Peter Brandt (@PeterLBrandt) August 5, 2025 Trader Slams Hodl Mentality Brandt argued that Bitcoin is “just an asset” and nothing more. He stressed that treating it like a miracle fix gives the crypto community a bad image. Reports have disclosed that he’s grown tired of endless debates online. “I have had it up to the tip of my head with people on Twitter X,” Brandt wrote, suggesting that constant arguing was driving him up the wall. His tone left little room for polite debate. A counter to the Bitcoin “Hodl-or-does-not-count” crowd I began futures trading in 1975 at the Chicago Board of Trade with maybe a thousand dollars in my checking account and little to no savings If Bitcoin has been around at the time and I would have put all my money into it I… — Peter Brandt (@PeterLBrandt) August 5, 2025 Overnight, replies flooded in. Some praised his honesty. Others snapped back with equally harsh words. Others defended Bitcoin as more than charts and price swings. The back-and-forth underscored a split: traders who focus on risk and charts versus holders who see crypto as a movement. Community Pushback On X Across the crypto world, Brandt’s comments stirred a wave of reactions. According to data on social media engagement, his post attracted hundreds of replies within hours. Many messages mixed humor and anger, with memes featuring pizza and margin calls. Others pointed to Bitcoin’s gains this year, noting it has climbed more than 50% since January. That rise fueled confidence among hodlers—and a readiness to push back against Brandt’s barbs. Despite the heat, Brandt held his ground. He pressed on, saying that tying one’s identity too closely to Bitcoin’s price is a mistake. His warning was an echo of a broader caution in trading circles: markets can turn on a dime. Brandt’s straight talk cut through hype and spin, but it also risked widening the gap between chart watchers and true believers. Related Reading: Bitcoin Finds Support At $114K, But Rally May Stall Without New Drivers Bitcoin is an asset, circulating on a network, governed by a protocol, and rooted in ideology. — Michael Saylor (@saylor) August 6, 2025 Saylor Offers A Balanced View In the face of the storm, US President Donald Trump’s former business confidante Michael Saylor weighed in—though without naming Brandt directly. Based on reports, Saylor described Bitcoin as “an asset, circulating on a network, governed by a protocol, and rooted in ideology.” He struck a middle ground by acknowledging both the market’s technical side and its passionate supporters. Featured image from Pexels, chart from TradingView

#crypto #etf #analysis #featured

Bitcoin (BTC) is consolidating in a thin-liquidity “air gap” between $110,000 and $116,000 as the market waits for new demand to establish a firm base. According to an Aug. 6 report by Glassnode, BTC’s price pulled back to $113,000 after setting a new all-time high above $123,000 in mid-July. This price movement left many recent […]
The post Bitcoin settles into $110k–$116k ‘air gap’ as market awaits fresh demand appeared first on CryptoSlate.

Bakkt is acquiring a 30% stake in Japanese yarn maker Marusho Hotta as part of its pivot to crypto treasury services, with plans to rebrand the firm as bitcoin.jp.

#cardano #ada #ada price #adausd #ada price analysis

Cardano’s Midnight Network has launched its highly anticipated NIGHT token airdrop, and the crypto community responded in full force. Within hours of the August 5 launch of the “Glacier Drop” phase, over 11,000 wallets across eight major blockchains claimed more than 250 million NIGHT tokens. Related Reading: Ethereum Is ‘The Biggest Macro Trade Over The Next 10–15 Years,’ Says Tom Lee The Midnight claim portal, now live, supports wallets from Cardano, Bitcoin, Ethereum, XRP, Solana, BNB, Avalanche, and Brave’s BAT. In total, 33.6 million wallets are eligible to participate in this multi-phase distribution. ADA's price trends sideways on the daily chart, despite the launch of the highly anticipated Cardano NIGHT airdrop. Source: ADAUSD on Tradingview  Phased Airdrop Mechanics and Cross-Chain Eligibility While Cardano users will receive the largest share, 50% of the total 24 billion NIGHT tokens, holders from other networks are also included in the drop. The claim process is designed to be fair and non-custodial, requiring users to verify eligibility and sign a transaction. This first phase will remain open for 60 days, followed by a second phase (Scavenger Mine) where users can earn unclaimed tokens through on-chain computational tasks. A third “Lost-and-Found” stage will begin post-mainnet and allow late claims for a limited fraction of the original allocation. Ledger Wallet Glitch Hampers Some Cardano Users Despite the excitement, not everything has gone smoothly. Many ADA holders using Ledger hardware wallets reported issues when trying to claim NIGHT tokens. According to Cardano founder Charles Hoskinson, the problem lies with Ledger’s firmware, which currently supports message signing of only 31 bytes, far short of the 251 bytes needed for the Glacier Drop. Related Reading: Crypto Fantasy Or Future? Expert Predicts XRP Will Hit $1 Million Cardano developers are actively working on a workaround, urging affected users to try again later in the month. “If you are one of the impacted people, then come back towards the end of the month and try again,” Hoskinson advised on X. $71M Upgrade Fails to Lift ADA Price Surprisingly, the airdrop’s momentum comes at a time when Cardano’s $71 million network upgrade has underwhelmed the market. Designed to enhance smart contract performance and scalability, the update has barely moved ADA’s price, which hovers around $0.72, a 2.92% drop in the last 24 hours. Cover image from ChatGPT, ADAUSD chart from Tradingview

The deal was announced in response to the White House’s recent policy strategy to make the United States the AI capital of the world.

#artificial intelligence

Grok Imagine let users generate explicit celebrity videos despite policy bans, sparking fresh deepfake concerns.

#technology #trading #defi #crypto #adoption #tradfi #derivatives

PancakeSwap has introduced futures contracts tied to major U.S. stocks, enabling users to trade synthetic versions of Apple, Amazon, and Tesla shares directly on the blockchain, according to an Aug. 5 release. The new feature, live from Aug. 5, allows crypto users to open leveraged long or short positions using only a self-custodied wallet. Trades […]
The post PancakeSwap launches tokenized stock futures for Apple, Tesla, Amazon with 25x leverage appeared first on CryptoSlate.

With a sentencing hearing scheduled in a matter of weeks, Roman Storm is potentially looking at five years in jail for running an unlicensed money transmitting service.

#ethereum #nfts #daos #shiba inu #shibarium #shib #shib news #shib price #non-fungible tokens #shiba inu news #shiba inu price #shibusd #shibusdt #cryptocurrency market news #bone #decentralized autonomous organizations

Shiba Inu’s blockchain platform, Shibarium, is reportedly stepping beyond its original role as a  Layer 2 (L2) scaling solution. In a recent announcement, the development team revealed that Shibarium is now positioned as the core infrastructure for a decentralized, community-led future, highlighting its broader functionality and long-term vision for the evolving ecosystem. Shibarium Evolves Beyond Layer 2 Solution On August 4, the Shiba Inu team behind Shibarium clarified in an X social media post that the platform is more than just a Layer 2 scaling solution. They described it as a robust infrastructure designed to power a fully decentralized, community-driven ecosystem. This positioning marks a strategic expansion of Shibarium’s role in the broader blockchain space, emphasizing its importance as a foundational layer for both innovation and governance.  Related Reading: Shiba Inu Team Unveils New Developer Hub Updates — Here’s The 411 Initially introduced as a Layer 2 built on the Ethereum blockchain to provide scalable and low-cost transactions, Shibarium’s evolution reflects a deliberate shift towards multifunctional utility. The team has outlined the platform’s capacity to support on-chain governance structures, Decentralized Autonomous Organizations (DAOs), Non-Fungible Tokens (NFTs), and real-world applications. This indicates Shibarium’s readiness to serve as a multi-purpose blockchain ecosystem rather than a single-purpose scaling solution.  Another key component highlighted by the Shiba Inu team is Shibarium’s ability to allow developers to build freely on the network while empowering communities to govern their protocols independently. This dual emphasis on infrastructure and self-governance aligns with the core principles of decentralization, giving Shibarium the potential to become a breeding ground for next-generation blockchain applications.  Compared to other Layer 2 solutions that primarily focus on throughput and transaction fees, the Shiba Inu team notes that Shibarium integrates the above features within a framework geared toward long-term sustainability and utility. In doing so, the team presents Shibarium as a dynamic platform where resilience and innovation converge to support a decentralized future.  WoofSwap Proposes Major Updates For Shibarium WoofSwap, a key community voice within the Shiba Inu ecosystem, released a set of reform proposals on X, aimed at enhancing Shibarium’s scalability, utility, and overall appeal. At the center of the suggestions is a potential revision to the 20 million BONE token allocation, with WoofSwap urging community input to fine-tune the distribution.  Related Reading: Shiba Inu Bearish Reversal Setup Says Dump Below $0.000013 Is Coming Alongside tokenomics adjustments, the proposal targets technical improvements such as optimizing cross-chain speed to achieve a near one-minute transaction finality, positioning Shibarium as a faster and more competitive Layer 2 network. Other key technical refinements include streamlining smart contracts to lower Ethereum gas fees and expanding support for trendline cross-chain tokens.  Beyond infrastructure, the proposal addresses governance and engagement for Shibarium. Decentralization also remains a priority, with a call to gradually open validator nodes while maintaining strict security standards. WoofSwap also urged influencers to be more cautious with their public roles, highlighting the need for credibility as Shibarium evolves. Featured image from Getty Images, chart from Tradingview.com

#news #bitcoin #tech #staking #restaking #babylon

The trustless bitcoin vaults harness BitVM3, the latest evolution of BitVM, a framework for enabling smart contracts on the Bitcoin blockchain.

#markets #deals #companies #public equities #mergers & acquisitions #public company mergers and acquisitions

The move follows an abundance of companies engineering ways to pursue the Bitcoin treasury model pioneered by Michael Saylor's Strategy.

#defi #crypto #legal #featured

A Manhattan federal jury found Tornado Cash developer Roman Storm guilty of conspiring to operate an unlicensed money transmitting business. As Inner City Press reported on August 6, the jury returned a mixed verdict by finding Storm not guilty of sanctions evasion under IEEPA, and unable to reach a unanimous verdict on money laundering conspiracy. […]
The post Jury convicts Roman Storm on unlicensed money transmission; hung on laundering, not guilty on sanctions appeared first on CryptoSlate.

#news #tech

Also: Base Block Production Failure Due to Sequencer, Jito Proposes Rerouting Block Engine Fees and Cardano Core Devs Get $70M Budget.

#markets #news #eth #standard chartered #top stories #ethereum treasury

The banks says ETH treasuries and ETH ETF holders each bought 1.6% of supply since June, with more upside ahead.

#coins

The panel could not reach a verdict on money laundering or sanctions evasion charges.

#news #policy #sdny #tornado cash #roman storm

After two Allen charges and four days of deliberation, a New York jury could not reach a unanimous agreement on the conspiracy to commit money laundering charge or the sanctions evasion charge.

Bitcoin’s tight consolidation and Ether’s shallow pullback suggest a directional move could be around the corner.

#ripple #xrp #altcoin #altcoins #crypto market #xrp price #cryptocurrency #crypto news

A CEO thinks XRP is one of the most misunderstood tokens out there. Jake Claver, chief executive of Digital Ascension Group, marked his YouTube channel hitting 100,000 subscribers by talking about what might push XRP’s price higher. Related Reading: Bitcoin Finds Support At $114K, But Rally May Stall Without New Drivers Institutional Bets On XRP Backing According to Claver, Digital Wealth Partners now holds over $200 million worth of XRP. That stake shows how much confidence they have in the token’s potential. During a livestream, he pointed to the altcoin’s future role in settling tokenized assets. He believes that as more institutions adopt blockchain and tokenization, XRP could become a key link in global finance. The company isn’t only betting on price swings. It offers loans backed by crypto like BTC and XRP. Loan-to-value ratios go as high as 80% and rates sit between 13% and 16%. Claver said upcoming partnerships could cut those rates further. Reports have disclosed that the fund works alongside clients’ trusted advisers, blending traditional wealth services with crypto options. Claver talked about how his firm helps clients who manage IRAs and 401Ks. He said Digital Wealth Partners acts as an extension of existing advisory teams rather than replacing them. That mix of legacy finance and digital assets is meant to guide people through both sides. For Claver, XRP remains at the center of that plan because its design fits institutional transactions. The Email Analogy For Payments Claver compared XRP’s role to early email systems. Back then, users needed the same provider to send and receive mail. Today, thanks to standard protocols, any email can reach any inbox, and mostly for free. He thinks XRP could do something similar for digital payments, bridging different apps and banking systems across borders. He said real-world use like that will force a fresh look at XRP’s value once big players catch on. Of course, getting major banks to agree on the same standard and meeting strict KYC and anti-money laundering rules are two hurdles that can’t be ignored. XRP Price Trajectory Based on analysis, the biggest price trigger for XRP may come in mid-August 2025, when the US Securities and Exchange Commission is expected to clarify the altcoin’s status. A positive outcome could spark a rally. A delay or mixed guidance might send prices down. Claver isn’t alone in watching this calendar. Paul Howard, Director at Wincent, said US rate changes possibly arriving in September could shift market sentiment. Related Reading: Crash Incoming? Kiyosaki Warns Of ‘August Curse’ And Reveals His Bitcoin Buy Zone Cheap money would hunt for yield, and tokens with solid use cases could see supply squeeze and sharp gains. Right now, risk-on vibes across crypto are steering flows into majors like BTC and ETH before altcoins get a look. Looking ahead, XRP’s performance will hinge on real adoption, clear rules and the bigger economic picture. If Claver’s vision plays out, XRP could shape next-gen payment rails. If regulatory delays or compliance snags dominate, investors may need to hedge or dollar-cost-average their positions. Either way, reports show that XRP’s path won’t be a straight line. Featured image from Unsplash, chart from TradingView

#defi #policy #sec #regulation #staking #protocols #lido finance #crypto ecosystems

Liquid restaking total value locked (TVL) on Ethereum stands at around $24 billion as of Aug. 5, The Block's data shows.

#legal #privacy #tornado cash #roman storm #featured

The Roman Storm trial has hit a snag after four days of jury deliberations, with jurors informing the court that they remain deadlocked on certain charges, according to an Aug. 6 court reporting from Inner City Press. Judge Katherine Polk Failla revealed that the jury had submitted a note stating some members were firmly set […]
The post Jurors deadlocked in Roman Storm trial over Tornado Cash allegations appeared first on CryptoSlate.

#markets #mining #infrastructure #crypto ecosystems #layer 1s #public equities

Iren produced 728 BTC in July compared to MARA’s 703 BTC, as it surpassed the mega miner in both production and fleet utilization.

XRP price faces mounting pressure as whales exit, and $2.65 emerges as the line between recovery and a bigger correction.

#analysis #payments #lightning

Bitcoin’s Lightning Network capacity has declined from over 5,400 BTC in late 2023 to around 4,200 BTC by August 2025, a roughly 20% drop, per mempool.space data. While the raw figures imply a contraction, analysts and developers suggest the shift reflects structural evolution in routing and protocol design rather than a retreat in adoption. Lightning […]
The post Why Lightning Network capacity declining 20% in 2025 is NOT as bad as it sounds appeared first on CryptoSlate.

#business

Apple's increased US investment could bolster domestic manufacturing, reduce foreign dependency, and potentially influence global trade dynamics.
The post Apple to invest $100 billion more in US manufacturing amid Trump tariff pressure appeared first on Crypto Briefing.

#news #crypto news

There are growing concerns at the Fed over an economic slowdown, and calls for rate cuts are getting louder. Now, a key official has joined the chorus ahead of the critical September meeting. The latest to back a September rate cut is Federal Reserve Bank of Minneapolis President Neel Kashkari. Kashkari Signals Support for Rate …

Judge issues Allen charge after jury deadlocks in Tornado Cash trial, keeping the case alive as questions mount over crypto developer liability.

#etf #adoption #xrp #south korea #tokens #japan

XRP is gaining renewed traction in Asia, driven by fresh institutional interest and infrastructure developments in South Korea and Japan, two of the region’s key crypto hubs. This resurgence comes as the token’s price has remained relatively bound around the $3 mark over the past month, coinciding with the continued expansion of the XRP Ledger’s […]
The post Institutional interest boosts XRP’s resurgence in South Korea and Japan appeared first on CryptoSlate.

#crypto #bitget #cryptocurrency market news

Succinct, a decentralized prover network revolutionizing zero-knowledge (ZK) infrastructure, has officially launched its mainnet and native token, PROVE. The launch, which took place on August 5, 2025, marks a major milestone in the evolution of cryptographic verifiability and scalability in the Web3 ecosystem. Related Reading: $255 Solana? Supply Shock Fuels Bullish Forecast Following the mainnet debut, the PROVE token was listed on Bitget, a leading global cryptocurrency exchange. Within 24 hours, the token surged by over 50%, reaching a trading price of $1.50 and generating over $715 million in 24-hour volume. Bitget’s Succinct (PROVE) Listing Fuels Market Momentum Bitget added PROVE to its Innovation Zone, opening spot trading for the PROVE/USDT pair on August 5, 2025. To incentivize adoption, the exchange launched a CandyBomb campaign featuring 66,666 PROVE in total rewards for traders and depositors. This strategic listing allows users to engage with PROVE through both trading and staking activities. The token will also be listed on Binance, where it carries a Seed Tag and supports multiple trading pairs, further increasing its visibility and liquidity. Succinct (PROVE) is trading near $1.2 and analysts note signs of consolidation ahead of a possible surge. PROVE's price trends to the upside on low timeframes, following its debut on major crypto exchanges. Source: PROVEUSD on Tradingview  Powering the Future of ZK Infrastructure The PROVE token is the backbone of the Succinct Prover Network, a decentralized, two-sided marketplace where developers request ZK proofs and independent provers compete to fulfill them. Unlike traditional systems that require complex and costly infrastructure, Succinct simplifies the integration of ZK proofs via a general-purpose zkVM that supports languages like Rust. Currently, the network supports 35+ protocols, has processed over 5 million proofs, and secures more than $4 billion in value. Notable partners include Polygon, Mantle, Lido, and Celestia. Looking Ahead Succinct’s approach to verifiable computation is drawing comparisons to foundational internet protocols, with CTO John Guibas noting, “Our goal was to make proving infrastructure accessible at internet scale.” With strong developer traction, dual exchange listings, and a scalable infrastructure model, Succinct is well-positioned to become a core component of blockchain scalability and privacy. Related Reading: Bitcoin Price Crash To $100,000 Or Rally To $122,000? Analyst Shows Game Plan For BTC As zero-knowledge proofs move toward mainstream adoption, the PROVE token and its underlying network could be a notable mention in shaping the next era of dApps. Cover image from ChatGPT, PROVEUSDT chart from Tradingview