Crypto News

- Ethereum treasury buying catches up to ETFs as exchange reserves dry up Ethereum’s liquid supply is vanishing. After a year of feasting alone, exchange-traded funds now face competition from new Ethereum treasury firms hungry for their slice of an ever-shrinking pie. Both groups combined have now acquired roughly 3.2% — worth almost $14 billion — of the cryptocurrency’s circulating supply since June 1, according to Geoff Kendrick, global head of digital assets research at Standard Chartered, the UK bank. In a note to investors on Wednesday, he noted that treasuries have accelerated their accumulation in recent weeks. As the buying spree picks up, exchanges are being drained of their available supply. Major platforms now hold...

- Key Points Building a skyscraper starts with a blueprint that looks bold on paper, but it takes more than an architect's sketches for the plan to become a reality. The same applies to the ever-popular dream of turning a modest investment in a cryptocurrency like Ethereum into a seven-figure stake. Making $1 million with this coin will demand aggressive price appreciation, unwavering discipline, and a healthy tolerance for volatility, not to mention for its roadmap to play out as conceived and then subsequently be well received by the market. Crunching the Numbers Let's start by envisioning the finish line. Today, the coin trades at about $3,600. Assume Ethereum coins change hands at $30,000 in mid-2035, which would make for...

- Key Points The iShares Bitcoin Trust (NASDAQ: IBIT) is an exchange-traded fund that tracks the price of Bitcoin (CRYPTO: BTC). The fund is run by BlackRock, the largest asset manager in the world. Bitcoin currently trades at $115,000. But several Wall Street analysts have made predictions that imply big gains in the remaining months of 2025. Here's what investors should know about the iShares Bitcoin Trust More institutional investors are adding Bitcoin to their portfolios. Boston Consulting Group says institutional investors had about $130 trillion in assets under management (AUM) last year. If even a small percentage of that total were allocated to Bitcoin, its price could increase substantially in the future. And spot Bitcoin...

- Hong Kong stablecoin bill's client identity rules spark industry concern HONG KONG (Reuters) - The strict customer identification rules mandated in Hong Kong’s new stablecoin law could hinder adoption of the digital currency and the city's competitiveness in global digital finance markets, industry sources said. Hong Kong's long-awaited stablecoin ordinance took effect on August 1 and positions Hong Kong as one of the first markets globally to regulate fiat-backed stablecoin issuers, giving it an early-mover advantage in its bid to become a virtual asset hub. But the finalized know-your-customer (KYC) rules, which require issuers to verify the identity of every stablecoin holder, have caught the industry off guard as they go...

- Compared to other asset classes, such as bonds, commodities, and real estate, the stock market has been the top wealth creator over the past century. But over the trailing decade, nothing has come close to rivaling the gains delivered by cryptocurrencies. Whereas the benchmark S&P 500 has roughly tripled over the trailing decade, prominent payment-based digital currencies XRP and Dogecoin have soared by more than 34,000% and nearly 117,000%, respectively, based on data from YCharts. While these popular cryptocurrencies have become staples in the portfolios of digital-asset investors, both Ripple-created XRP and Dogecoin appear primed for a difficult August and a potentially rough second-half of 2025, for a variety of reasons...

- With South Korea's CBDC Plans Dead, KakaoBank Joins Stablecoin Gold Rush KakaoBank is preparing to enter South Korea’s fast-growing stablecoin sector, according to local reports. In its first-half earnings call on Tuesday, KakaoBank CFO Kwon Tae-hoon said the firm is “actively considering” roles in both stablecoin issuance and custody, with participation aligned to the country’s shifting digital asset policies. “We plan to engage actively in line with market changes,” Kwon said, adding that KakaoBank’s internal task force is working with other Kakao units to consolidate strategy. The move adds a regulated online bank to the list of Korean fintechs jumping into the stablecoin race after the Bank of Korea (BOK) shelved its central...

- Crypto Market Cap Halts at $3.7T as Traders Rotate Out, Institutions Double Down on BTC, ETH The crypto market cap is holding within a tight $3.6 trillion–$3.8 trillion range as traders pull liquidity and shift focus to micro-cap tokens in the first week of August, with some warning of a summer lull to continue. Bitcoin (BTC) tested its 50-day moving average again on Tuesday, signaling exhaustion, while broader market capitalization remains above the trend, currently at approximately $3.72 trillion, versus the 50-day SMA of $3.57 trillion. “The support received in the area of previous peaks suggests a temporary pause to lock in profits,” said Alex Kuptsikevich, chief market analyst at FxPro. “But sluggishness is turning away the...

- Bitcoin's (BTC) volatility meltdown continues as the cryptocurrency remains stagnant, with slow price action between $110,000 and $120,000. The cryptocurrency's 30-day implied volatility, as represented by Volmex's BVIV index, fell to an annualized 36.5% late on Wednesday, reaching levels last seen in October 2023, when BTC was trading below $30,000, according to data source TradingView. The new multi-year low in implied volatility suggests that options traders are not yet rushing for hedges, despite U.S. economic data raising concerns about stagflation. The demand for options, which are contracts used to hedge against or profit from price swings, is a major driver of an asset's implied volatility. The same thing can be said about...

- Asia Morning Briefing: BTC Slips Into Low-Liquidity “Air Gap” as Post-ATH Drift Continues 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. Bitcoin (BTC) is treading water around $115K Thursday morning in Asia, up 1% in the last 24 hours, as the post-all-time-high correction continues to play out across low volume and weak conviction. According to Glassnode, BTC has entered what it calls an “air gap”, a low-liquidity zone between $110,000 and $116,000, after breaking down from a major supply cluster where short-term holders had previously found support. These areas typically see little...

President Donald Trump announced on Aug. 6 that he will impose tariffs as high as 100% on imports of chips and semiconductors to the U.S. Only those manufacturing these products in the U.S. can escape this charge, he added. Trump told reporters in the Oval Office that the new rate would apply to all chip and semiconductor imports except those from companies that have committed to manufacturing in the U.S. As reported earlier, the Bitcoin mining industry has taken a hit due to Trump's tariffs on chips. Mining is the process of using high-tech hardware to validate and secure transactions on a blockchain network that forms the infrastructure of the crypto industry. While the U.S. is the world leader among crypto mining countries, it is...

Analyst has a Shocking Plan for India to Crush 50% Tariffs On Aug. 6, President Donald Trump took the global tariff war to another height as he hiked tariffs on India to 50% for buying oil from Russia despite the war in Ukraine. While the decision left the global crypto community fuming due to concerns over the market, the reaction from the Indian crypto community was even more severe. Kashif Raza, a prominent crypto voice in India, suggested the country take a crypto-centric approach to solve the tariff conundrum. Ethereum is the right way for India to answer Donald Trump, Raza argued. According to Raza, India's renowned IT companies will be worst hit by these tariffs. In fact, two of the leading IT firms of the country generated...

- Polkadot's DOT Gains as Much as 4% with Bullish Momentum Surge Polkadot's DOT demonstrated a significant surge in large buyers' interest during a 24-hour trading period, with corporate treasury allocations and regulatory clarity driving sustained buying pressure, according to CoinDesk Research's technical analysis model. The model showed that price action demonstrated potential institutional-grade stability with sustained corporate interest indicators. As of July, Bifrost had secured over 81% of DOT’s liquid staking token (LST) market, boasting more than $90 million in total value locked (TVL). The rally in DOT came as the wider crypto market also rose, with the broader market gauge, the Coindesk 20, recently up 2%. In recent...

- Waabi introduces mixed reality testing system for autonomous truck safety Waabi, an autonomous trucking technology leader, has introduced a new mixed reality testing (MRT) system that transforms the way autonomous vehicles are tested. The technology works by blending physical test environments with sophisticated virtual scenarios. In an interview with FreightWaves, Raquel Urtasun, founder and CEO of Waabi, talked about how this technology creates virtual scenarios for autonomous trucks operating on physical test tracks. “In the industry, we often talk about driving in the physical world as one type of testing, and we also discuss simulation, where we run scenarios in the cloud at scale,” said Urtasun. “But one aspect that’s...

- Shocking verdict out on Tornado Cash case A Manhattan jury found Tornado Cash co-founder Roman Storm guilty of conspiracy to operate an unlicensed money transmitting business in a split verdict on Aug. 6. However, there are still two charges on which they couldn't reach a verdict: money laundering and sanction violations. We will know in the next few days if the Department of Justice (DoJ) will pursue these charges in a new trial. Launched in 2019, Tornado Cash is an open-source, non-custodial, and fully decentralized cryptocurrency mixer that pools different crypto funds together so as to obscure the trail of the money flow. While the authorities have frequently criticized the service for concealing funds belonging to malicious...

President Donald Trump's latest order on global tariffs seems to be a significant challenge for the Bitcoin mining community in the U.S. As the 90-day tariff pause deadline neared, Trump announced a series of new global tariff rates on July 31, heavily impacting mining rig manufacturing centers in Southeast Asia. For those unfamiliar, crypto mining involves using specialized hardware to validate and secure transactions on a blockchain network. Ethan Vera, the COO of a Bitcoin mining technology and services company, Luxor Technology, shared that the latest directive imposes 21.6% tariffs, including a 19% "reciprocal tariff," on imports of application-specific integrated circuits (ASICs) from Indonesia, Malaysia, and Thailand, starting...

- Key Takeaways Investors chasing yield and liquidity in the crypto world just got handed a nice gift from US securities regulators. The Securities and Exchange Commission announced Tuesday that liquid staking and related tokens don't run afoul of securities laws, effectively flashing the green light to centralized and decentralized crypto trading platforms that offer those services and corresponding rewards, as well as to their customers. The liquid staking guidance is incremental clarity for the crypto industry, following up on its views on protocol staking in May, and addressing the more than $68 billion in value locked up across all blockchains, according to data compiled by research platform DefiLlama. Staking is a collective...

- These Old Australian Coins Could Be Worth up to $1.3 Million Because the first British settlement in Australia was a penal colony, there wasn’t much need for coins or currency. Authorities envisioned a “self-sufficient settlement” where convicts worked for free and everyone (including jailers) got food and supplies from the government store. Australia eventually adopted its own currency, and now some of its rare coins can make you very rich. Australian currency was originally based on British pounds, shillings, and pence. That changed in 1966, when the country converted to Australian dollars and cents, similar to the U.S. system. The majority of Australia’s most valuable coins were minted before the change. Rare (and Valuable)...

- Ex-SEC Staff Warns of Another Lehman Brothers Collapse Amanda Fischer, the former Chief of Staff at the Securities and Exchange Commission (SEC), has issued a blunt warning following the regulatory agency's Division of Corporation Finance revealing its latest stance on liquid staking activities. On Aug. 5, the Division released a statement as per which certain liquid staking activities associated with protocol staking don't constitute the sale of securities, and therefore, parties associated with these activities need not register with the SEC under the securities laws. Concept of Liquid Staking Crypto staking refers to the process of staking or locking up your digital assets like Ethereum to help secure a proof-of-stake (PoS)...

- The crypto market has been receding as the Aug. 8 deadline regarding President Donald Trump's sanctions against Russia looms. As U.S. envoy Steve Witkoff and Russian President Vladimir Putin held "useful and constructive" talks regarding the Russia-Ukraine war on Aug. 6, the crypto market cap fell 0.63% within 24 hours to $3.71 trillion at the time of writing. While Bitcoin fell 0.09% to trade at $114,347.36, Ethereum fell 1.30% to $3,601.88. SOL also fell 1.99% to $164.19. XRP fell by a dramatic 2.65% to $2.95. While the crypto market earlier remained quite insulated from macroeconomic and geopolitical phenomena, the increasing adoption and acceptance has come at a cost of such events impacting the digital assets market like...

- Crypto Stock Posing Attractive Entry Point for Bulls Coinbase Global Inc (NASDAQ:COIN) stock's fall from its July 18 record peak of $444.64 was made worse by an August 1 post-earnings bear gap of 16.7%. For those betting on a short-term comeback, however, shares of the cryptocurrency exchange are flashing a historically bullish signal. Per Schaeffer's Senior Quantitative Analyst, COIN is within 0.75 of the 80-day trendline's 20-day average true range (ATR), after spending at least 80% of the last 10 days and 80% of the last two months above it. Over the past three years, six similar signals have occurred, after which the equity was higher one month later 83% of the time, averaging a 13.1% gain. A move of similar magnitude from the...