Crypto News

- The market cap of top publicly-traded Bitcoin miners soared last month, according to JP Morgan analysts in a note Tuesday, as some of the industry's largest companies expanded into high-powered computing. The analysts wrote that the aggregate market cap of the 13 U.S.-listed miners hit a record high of over $39 billion in August. The bank tracks miners Hut 8, Core Scientific, TeraWulf, IREN, and Riot, which all trade on stock exchanges. Mining the world's largest cryptocurrency by market value has grown increasingly difficult and expensive. The process has also generated smaller rewards since last year's halving cut the Bitcoin earned from 6.250 to 3.125. These trends have hurt profitability, even as Bitcoin's price has risen...

- Kevin Spacey Reveals Film Created With Alleged Crypto Ponzi Schemer Kevin Spacey unveiled his latest comeback project at the Venice Film Festival this weekend—an intricate sci-fi film starring, produced, and written by a Russian man accused by the U.S. government of running a crypto Ponzi scheme. The film, “Holigaurds Saga—The Portal of Force,” was directed by Spacey, from a script written by Vladimir “Lado” Okhotnikov, a co-founder of Ethereum decentralized finance app Forsage. In 2022, the SEC sued Forsage’s founders, including Okhotnikov, for engaging in a scheme to defraud investors of over $300 million, among other charges. The following year, the Department of Justice charged Okhotnikov and his partners for running a...

- Coinbase's New Futures Index Tracks Bitcoin, Ethereum—Plus 'Mag 7' Stocks Like Nvidia Coinbase is debuting futures in the U.S. that will simultaneously give traders exposure to cryptocurrencies and tech firms, CEO Brian Armstrong said on Tuesday. The company is rolling out a hybrid index called “Mag 7 + Crypto Equity Index Futures,” and it will track “Magnificent 7” stocks, Coinbase’s own shares, and BlackRock’s Bitcoin and Ethereum ETFs. Each of the index’s components are weighted equally, meaning a change in Bitcoin’s price will have a similar effect on the index as a change in the price of Nvidia’s shares. In addition to the chipmaker, the index tracks Apple, Microsoft, Google, Amazon, Meta, and Tesla shares. The index uses...

- Coinbase CEO teases ‘everything exchange’ to bring stocks on-chain Coinbase CEO Brian Armstrong says the exchange is about to blur the line between TradFi and crypto. In a post on X, Armstrong wrote, “We’re launching the first U.S. futures that give exposure to the top U.S. tech stocks and crypto at the same time… Coming on September 22,” adding that more products will follow as Coinbase builds “the everything exchange.” Why this is different U.S. exchanges have offered crypto futures for years, but bundled exposure to blue-chip tech stocks and major crypto in a single futures product is a new swing at mainstreaming on-chain markets for American traders. It also tracks Coinbase’s recent push into perpetual-style futures in the...

- Stellar's Native Token Rallies Ahead of Major Upgrade Stellar’s native token, XLM, is surging over 3% today, as it gears up for an infrastructure upgrade. This article has been published in Yahoo.com via Yahoo News. https://finance.yahoo.com/video/stellars-native-token-rallies-ahead-202317592.html

- Venus Protocol votes to liquidate attacker who stole $13m from victim A hacker’s $13.5 million haul from a victim on Venus Protocol just went up in smoke. Venus is a DeFi lending and stablecoin protocol with about $2.7 billion in investor deposits, according to data from DefiLlama. The protocol’s stakeholders rallied together on Tuesday and voted to pass an action plan to liquidate the attacker, just hours after the hacker siphoned $13.5 million from a Venus Protocol user. “Stolen funds will be recovered in a single transaction [and] this will not affect any other user positions on Venus,” the team said in its action plan. The attacker initially extracted the funds via a phishing attack, a type of social engineering exploit that...

- World Liberty Financial's WLFI token officially debuted on September 1 after months of anticipation, drawing massive attention across the crypto market. Within its first 24 hours, derivatives activity on WLFI surged beyond $13 billion. Notably, WLFI's derivatives volume nearly doubled that of XRP, the third-largest crypto by market capitalization. Spot trading volumes also reached $4.7 billion, propelling WLFI into the ranks of the top 10 most-traded assets by volume on its opening day. Traders rack up heavy losses The WLFI launch brought a lot of anticipation and excitement, but volatility was right around the corner. WLFI was priced above $0.33 when it started, but fell as low as $0.24 within hours of launch for an overall loss...

- As MicroStrategy eyes S&P 500, analyst sees 'good chance' for Robinhood Among the publicly listed crypto companies, only Coinbase (Nasdaq: COIN) — the largest U.S. crypto exchange — and Block, Inc. (NYSE: XYZ) — Jack Dorsey's Bitcoin-focused fintech firm — have so far joined the S&P 500 list. Now, popular traders such as Josh Mandell and Lark Davis are betting on Michael Saylor's MicroStrategy (Nasdaq: MSTR), formerly Strategy, to join the much sought-after list. MicroStrategy stock jumps after Bitcoin buy MicroStrategy is the world's leading corporate Bitcoin holder. As the U.S. market opened on Sep. 2 after the Labor Day holiday, the firm announced that it acquired 4,048 BTC for $449 million during Aug. 26-Sep. 1. The firm now...

- Bitcoin, Ethereum Settle In, But Signs Point to Volatility Ahead: Analysis Will crypto break the ‘Red September’ curse? There is measured optimism today in the market. The crypto market as a whole climbed 1.2% today to reclaim $3.9 trillion. Traditional markets, meanwhile, stumbled: The S&P 500 fell to 6,370 points, losing 1.39% from the previous session. In other words, crypto is again showing resilience amid tariff uncertainty and seasonal headwinds. Bitcoin, Solana, and XRP are leading the charge with approximately 2% gains, setting a cautiously bullish tone as traders navigate what's historically been crypto's choppiest month. The divergence from traditional markets is particularly notable given Treasury yields and volatility...

- "Data is Becoming 'Streamable': Rebecca Rettig" The US government is distributing gross domestic product data on public blockchains, marking the latest Trump administration endorsement of the crypto industry. JITO Labs Chief Legal Officer Rebecca Rettig has more on the story. This article has been published in Decrypt via Yahoo News. https://finance.yahoo.com/video/data-becoming-streamable-rebecca-rettig-194111940.html

- Crypto Firm Gemini Seeks $317M in IPO Gemini Space Station Inc., a cryptocurrency exchange led by the billionaire Winklevoss twins, seeks to raise as much as $316.7 million in its initial public offering as the latest crypto business in line for a US listing. This article has been published in bloomberg.com via Yahoo News. https://finance.yahoo.com/video/crypto-firm-gemini-seeks-317m-185834548.html

- Is XRP Heading for a Crash in September? Key Points I keep telling you that XRP (CRYPTO: XRP) looks overpriced. As of Sept. 1, the cryptocurrency that powers the RippleNet international payment system is up nearly 400% over the last year. Sure, I believe in XRP's long-term business prospects, but the digital coin has simply skyrocketed way too fast. So I'm waiting for a price cut, which would let me buy XRP coins with a straight face again. Will that opportunity open up in September? I don't think so, but let's take a look. A quick XRP timeline XRP's chart soared from roughly $0.50 to more than $2.50 per coin in November 2024. Since then, it has bounced back and forth between $2.00 and $3.50. Many of the big jumps and price cuts...

- Stablecoins Could Cut Into US Card Swipe Fees Credit cards face a threat from stablecoins, which offer a route to cheap, fast payments. These digital currencies could make a significant impact on consumers and retailers in the US, who often bear high fees for card transactions. Stablecoins, being tied to traditional currencies, aim to provide the benefits of digital currencies like Bitcoin but with reduced volatility. Their introduction could lead to competitive pressure on traditional finance systems, potentially leading to reduced transaction fees and improved services for users. The fast and secure nature of stablecoin transactions might make them an attractive alternative for both consumers and merchants seeking to minimize...

- Trump-Tied Crypto Token Opens for Trading While US markets are closed on Labor Day, crypto traders had their first opportunity to buy and sell the tokens tied to a project endorsed by President Donald Trump and his family. Bloomberg's Monique Mulima reports. This article has been published in bloomberg.com via Yahoo News. https://finance.yahoo.com/video/trump-tied-crypto-token-opens-185040900.html

- Andrew Tate is terrible at crypto trading, data shows Controversial social media personality Andrew Tate has often touted cryptocurrency as a means of getting wealthy. However, on-chain data suggests that he isn't particularly good at crypto trading. Andrew Tate 'doesn't seem to be good' at trading On Aug. 22, the on-chain analytics platform Lookonchain wrote on X that Tate "doesn't seem to be good at perps trading." The latest on-chain data shows that Tate has executed 86 trades on the decentralized crypto exchange Hyperliquid so far, and only 33 out of them have been profitable. It means his win ratio is 38.37%. Andrew Tate bets on tokens linked to Trump, Kanye Tate has a 3-times-leveraged short position open on YZY, the...

- BitMine Boosts Ethereum Stash Above $8 Billion, Now Holds 1.5% of ETH Supply BitMine Immersion Technologies recently purchased 153,000 Ethereum, taking a $655 million step toward its goal of owning 5% of the asset’s supply, according to a press release. The Las Vegas-based firm now owns roughly 1.86 million Ethereum worth $8.1 billion. The company, which initiated its Ethereum treasury strategy in late June, currently owns 1.5% of the 120.7 million Ethereum in existence, according to crypto data provider CoinGecko. BitMine is the largest corporate holder of Ethereum, according to Strategic Ethereum Reserve. The firm owns more Ethereum than the combined holdings of Ethereum treasury firms SharpLink Gaming and The Ether Machine, as...

- The Solana community voted overwhelmingly in favor of the long-awaited Alpenglow upgrade, bringing the network one step closer to the most significant technical transformation in its history. According to Solana Status on X on Monday, 98.27% of SOL stakers that voted approved the proposal, with only 1.05% voting against and 0.36% abstaining. In total, 52% of the network’s stakers participated in the vote. The upgrade introduces a new consensus protocol designed to dramatically improve transaction finality and network efficiency. At the heart of Alpenglow are two new components, Votor and Rotor, which will replace Solana’s existing systems, Proof-of-History and TowerBFT. What Is Block Finality? Currently, Proof-of-History...

- Mastercard says crypto won't kill cards, just a new add-on Mastercard is cementing its existing payments approach, and the implication is that crypto assets will overlay the global network, rather than replace it. In an interview with The Big Whale, Christian Rau, the Head of Crypto for Europe at Mastercard, discussed crypto's role in Mastercard on September 2. The company is embedding digital assets into its infrastructure and is remaining true to its 50-year-old mission. "Our strategy hasn't changed in 50 years: enable people to pay and businesses to be paid, in a safe and compliant manner," Rau said. "Crypto fits into this logic. We are not seeking to reinvent the system but to enrich it." Gradual integration of crypto...

- Movie ‘Killing Satoshi’ announced as Bitcoin founder close to becoming the world’s 10th richest person The quest to unmask Bitcoin’s mysterious creator Satoshi Nakamoto is coming to the big screen. A new conspiracy thriller dubbed “Killing Satoshi” will start filming in London in October, and is set to hit box offices in 2026. First reported by Variety, the film is backed by producer-turned-crypto-mogul Ryan Kavanaugh, who has financed other big-screen projects like “The Social Network,” and “Fast and Furious.” Doug Liman, the man behind “The Bourne Identity,” will direct the film, which stars Casey Affleck and Pete Davidson. “This is not just a movie about Bitcoin and its elusive and mysterious origins but really about what it...

- Winklevoss Twins' Crypto Exchange Gemini Eyes $2.3 Billion Valuation in Public Offering Gemini announced Tuesday that it intends to raise up to $317 million via its much-anticipated public offering—a raise that would value the company at almost $2.3 billion. The crypto exchange, co-founded by Cameron and Tyler Winklevoss, will target an initial stock price between $17 and $19 a share, the company said. The IPO will consist of roughly 16.6 million shares of Class A stock. The company has yet to announce the exact date of its Wall Street debut under the ticker GEMI—but based on the details featured in today’s announcement, it is likely to be soon. Goldman Sachs, Citigroup, Morgan Stanley, and Cantor Fitzgerald will be lead...