Crypto News

- Asia Morning Briefing: Polymarket Bettors Foresee $5K ETH by End of August Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. As Asia begins its trading day, ETH is trading above $4600, up 10% in the last 24 hours, as the possibility of a rate cut in September works its way through the market. Some traders see it likely that ETH could quickly challenge its all-time high of $4876 set in 2021. Polymarket bettors are going a step further; they believe that $5000 is possible before the end of August, and they are also giving a 28% chance of the asset's price crossing $5800 before the month ends...

- Key Points Cameco's (NYSE: CCJ) share price has roughly doubled in value over the past year. Much of that gain has taken place since a rally started in April. Can Cameco's shares continue to rocket higher, or should investors be worried about the potential for a deep pullback? Here's a look at each side of the investment coin. The good news about Cameco Cameco serves the needs of the nuclear power industry, providing it with the fuel needed to power reactors and services to support those reactors. Right now, this is a very attractive place to be. There's a step change taking place in the demand for electricity, and always-on nuclear power is a perfect complement to intermittent power sources like solar and wind power. To put some...

- Exclusive: Top crypto VC Matt Huang to lead Stripe blockchain Tempo as CEO, stay at Paradigm As Stripe pushes further into crypto with its planned blockchain Tempo, the fintech giant is getting a heavyweight to lead the project. Matt Huang, the cofounder and managing partner at the influential crypto venture firm Paradigm, will serve as Tempo’s first CEO, according to three sources familiar with the project. Huang is already a Stripe board member. Huang will stay in his role at Paradigm, according to one of the sources, who, like the others, was not authorized to speak about the matter publicly. Spokespeople for Paradigm and Stripe declined to comment on Huang’s decision or the blockchain project. A $91.5 billion private company...

- Key Points Chainlink (CRYPTO: LINK) is on the rise. As of 5:11 p.m. ET today, it was up 9.4% from Monday at 4:00 p.m. The rise comes as the S&P 500 gained 1.1% and Bitcoin gained 0.7%. Chainlink, an "oracle" token that helps bridge the gap between real-world information and crypto blockchains, is teaming up with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. Chainlink will bridge Wall Street and blockchain The partnership will see ICE's consolidated feed, which pulls data from more than 300 exchanges and marketplaces worldwide, integrated into Chainlink's data streams. This will bring critical financial data to more than 2,000 blockchain applications and financial institutions that interact...

Veteran Investor Slams Bitcoin Mining as Rewards Drop Veteran investor Fred Krueger recently criticized Bitcoin mining due to the decline in rewards, which have dropped 8 times, and the increase in difficulty, which has risen 1 million times. Bitcoin mining involves using high-end computers to solve cryptographic problems known as hashes, validate Bitcoin transactions, and add them to the blockchain network in return for newly created bitcoins as a reward. Hash rate is a metric that measures how quickly a miner executes cryptographic functions to solve blocks in a chain. It is measured in hashes per second, indicating the number of hash operations executed per second. Bitcoin's hash rate has grown 94,000 times in the last 12 years...

- Ethereum Could Smash All-Time Highs Today Ethereum (ETH) is trading in the $4,300–$4,400 range. This is very close to its all-time high (ATH) of $4,878 reached in November 2021. A number of analysts have commented that the market conditions are right for a potential retest of the level as soon as today, with strong technical momentum and increased institutional buying. Institutional activity is adding to the bullish outlook. Top crypto market commentator VirtualBacon pointed out that on August 8, about $460 million flowed into ETH exchange-traded funds (ETFs), compared to a lower liquidity Bitcoin flow of $400 million. He also noted that ETF and treasury-owned ETH have increased from $24 billion in July to $33 billion, reducing...

- Peter Thiel, PayPal co-founder and billionaire tech investor, has acquired 7.5% ownership of Ethereum-focused digital asset treasury (DAT) firm 180 Life Sciences Corp. Following the announcement, shares in the company jumped over 90% in early trading on Tuesday. At press time, 180 Life Sciences Corp (ATNF) is trading at $9.490, up 182%. Thiel's investment was done through a 2005 American venture capital fund called Founders Fund Growth Management, according to a filing with the U.S. Securities and Exchange Commission (SEC). ETHZilla transitioned from a biotech focus to a DAT business model, disclosing it possesses 82,186 ether bought at an average price of $3,806.71 — approximately $349 million worth — with $238 million in cash...

- Meme Stocks Are Coming Back in 2025 — 3 Red Flags To Watch Out For Meme stocks are making a comeback this summer. In 2021, stocks like GameStop (GME) and AMC (AMC) that no one cared about suddenly skyrocketed to all-time highs. This time, Opendoor (OPEN), Kohl’s (KSS), GoPro (GPRO), and Krispy Kreme (DNUT) have all jumped in price not because these companies are doing better, but due to a wave of online hype. While some people will make quick profits, many others could lose money just as fast. Before you jump into meme stocks, here are some red flags you should look out for. Big Price Jumps Without Fundamentals When a stock skyrockets by hundreds of percent in a few days, it’s easy to think you’re missing out on something big...

- Crypto mogul Do Kwon, known as 'the cryptocurrency king,' pleads guilty to fraud charges NEW YORK (AP) — South Korean cryptocurrency mogul Do Kwon pleaded guilty on Tuesday to two fraud charges arising from the $40 billion collapse of a cryptocurrency ecosystem that had promised investors their money was safe. Kwon, 33, dubbed by some as “the cryptocurrency king,” entered the plea in Manhattan federal court. According to a plea agreement signed by Kwon and prosecutors, the government said it will not seek a prison term of more than 12 years as long as Kwon complies with the deal's terms, even though federal sentencing guidelines would have recommended a prison term of about 25 years. Sentencing is set for Dec. 11. Authorities...

- Circle stock sinks on 10 million share sale after monster 425% rally since IPO Circle (CRCL) stock sank more than 5% in post-market hours on Tuesday after the company filed to sell 10 million shares following a 425% rally since its IPO. The announcement came on the heels of the company's first-ever earnings report since its blockbuster public debut, which showed better-than-expected revenue during the quarter. In an SEC filing, the stable-coin issuer said it is offering 2 million shares of Class A common stock and 8 million shares by existing stockholders. In day trading, Circle shares closed north of $163 per share, or more than 1% higher, after the company's second quarter total revenue came in at $658 million, versus the $647...

- President Donald Trump positioned himself as a crypto-friendly candidate leading up to his reelection in November 2024. After being elected, he has consistently signed executive orders to promote cryptocurrencies, stablecoins, and blockchain technology. On Aug. 7, Trump signed an executive order aimed at expanding access to alternative investments, including cryptocurrencies, in 401k retirement savings plans. More News from Barchart So far into his second term, he has already signed a bill allowing the U.S. to officially have its own Bitcoin (BTCUSD) reserve. He also allowed the government to own other digital currencies, or altcoins. These decisions have been followed by a general loosening of restrictions on the crypto sector...

- Key Points The Trump administration just issued an executive order that could change how you invest for retirement. If the order clears the usual regulatory hurdles and takes effect, you may have access to a broader range of investment options in that all-important 401(k) plan. The options might even include cryptocurrencies -- kinda, sorta. Here's what crypto investors need to know about the as-yet numberless executive order titled "Democratizing Access to Alternative Assets for 401(K) Investors." This document looks simple at first glance, but it has a few important twists. 1. Retirement plans for diamond hands? Finally, you might be able to explain to your financial advisor why you need "digital assets" in your 401(k)...

- Do Kwon pleads guilty to fraud in connection with $40bn Terra failure Terra co-founder Do Kwon pleaded guilty to two counts of fraud on Monday, more than three years after the dramatic collapse of the blockchain and its stablecoin, UST. He has also agreed to forfeit more than $19 million, according to court documents. Kwon, 33, had initially pleaded not guilty to nine counts of fraud that carried a maximum penalty of 130 years in prison, and his criminal trial was set to begin in January 2026. The $40 billion implosion of the Terra blockchain set off a series of billion-dollar failures in 2022 that culminated in the bankruptcy of FTX. Those failures cratered crypto prices and exposed several industry businesses built on fraud —...

- Why Wall Street analyst Tom Lee is betting on Ethereum with a $20bn raise Tom Lee isn’t playing around. The Wall Street strategist and new chairman of BitMine, a little-known Bitcoin miner recently turned Ethereum treasury, is raising a staggering $20 billion more to keep gobbling up more of the cryptocurrency. That figure stunned analysts. “It certainly caught me by surprise,” Luke Nolan, senior Ethereum research associate at CoinShares, told DL News. “It’s quite a big move and does signal their intention on vastly increasing their treasury size at quite a rapid pace.” BitMine already holds about 1.2 million in Ether, worth roughly $5 billion. Since late July, when it kicked off its new corporate treasury scheme, shares are up...

- Everyone’s filing for an XRP ETF, except BlackRock. Here’s why the giant’s sitting this one out The SEC and Ripple saga has finally wound down, the XRP price is breaking resistance levels it hasn’t touched in years, and exchange-traded fund (ETF) issuers are lining up to ride the wave. Franklin Templeton, Grayscale, ProShares... just about every asset manager with a crypto playbook is filing for spot and futures XRP ETFs. And then there’s BlackRock. The world’s largest asset manager, the same firm that bulldozed its way to the top of the spot Bitcoin ETF market and swiftly cornered the Ethereum ETF trade, is suddenly… nowhere to be found. No application. No “we’re evaluating options.” Just radio silence except for a carefully...

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- Anthropic’s Claude AI model can now handle longer prompts Anthropic is increasing the amount of information that enterprise customers can send to Claude in a single prompt, part of an effort to attract more developers to the company’s popular AI coding models. For Anthropic’s API customers, the company’s Claude Sonnet 4 AI model now has a one million token context window — meaning the AI can handle requests as long as 750,000 words, more than the entire Lord of the Rings trilogy, or 75,000 lines of code. That’s roughly five times Claude’s previous limit (200,000 tokens), and more than double the 400,000 token context window offered by OpenAI’s GPT-5. Long context will also be available for Claude Sonnet 4 through Anthropic’s cloud...

- Circle stock rises after quarterly revenue beats estimates in first earnings since blockbuster IPO Circle (CRCL) stock jumped 2% in afternoon trading on Tuesday after the stablecoin issuer posted better-than-expected quarterly revenue for the first time since going public. The company reported second quarter total revenue of $658 million, versus the $647 million analysts expected. CEO Jeremy Allaire said the company's stablecoin, USDC (USDC-USD), was the "fastest-growing major stablecoin over the past year." USDC in circulation grew 90% year-over-year to $61.3 billion at quarter end, and has grown an additional 6.4% to $65.2 billion as of Aug 10. "Overall activity globally in the digital asset economy has been growing," Allaire...

- Crypto privacy tests limits of Trump’s deregulatory push Donald Trump’s deregulatory blitz has its limits. It doesn’t seem to like financial privacy, an omission that appears to have galvanised crypto devs and policy experts. To recap: Last week, Tornado Cash developer Roman Storm was convicted of a federal crime. The week before, the developers of Samourai Wallet pleaded guilty to the same crime. The same day the Samourai devs threw in the towel, Trump’s crypto policy team came out with a report titled “Strengthening American Leadership in Digital Financial Technology.” Not everyone liked what they saw. The report recommended expanding the infamous Patriot Act to cover crypto technology, labeling certain tools “primary money...

- Tiny Investment Bank's Revenue Surges After Trump Sons Join Dominari Holdings Inc. reported a 452% revenue jump in its first full quarter of results since adding Donald Trump Jr. and Eric Trump to its advisory board. The investment bank, headquartered in Manhattan’s Trump Tower, reported total revenue of $34 million, up from $6.17 million a year earlier. Shares were up 1.7% to $5.42 in New York, after climbing as much as 5.4% earlier. Since enlisting President Donald Trump’s eldest sons, Dominari appeared in several deals involving the Trumps and their allies. One high-profile venture is American Bitcoin Corp., a company supported by another publicly traded Bitcoin miner, Hut 8 Corp. At the end of June, Dominari held a stake in...