A bitcoin short squeeze for the ages as futures open interest collapses
Falling open interest and subdued funding rates suggest the rally remains structurally healthy.
Crypto
Bitcoin extends 7-day advance to roughly 25%
Bitcoin crossed $80,000 for the first time since May, extending its seven-day advance to roughly 25%.
Jury Convicts Las Vegas Man of $24M AI Crypto Mining Ponzi Scheme
Brent Kovar told at least 400 investors a supercomputer was mining crypto for them, and that their money was insured by the FDIC.
Bitcoin RSI bullish divergence draws 2022 comparisons as analysis weighs new price trend
Bitcoin price analysis eyes the potential end of its current macro downtrend based on weekly RSI signals.
Solana ETFs extend growth streak to 5 days after year’s biggest inflows
Monday’s $33.5 million was the largest single-day inflow since December, pushing cumulative net inflows to a record $1.22 billion and trading volume to $166.8 million.
US Can Now Sanction Anyone Operating in Iran’s Crypto Sector
Digital assets are among five sectors in a campaign Treasury called an “Economic D-Day,” alongside technology, gold, aviation and shipping.
Thailand moves closer to Bitcoin, Ether ETFs with draft rules
Thailand’s SEC opened consultations on local Bitcoin and Ether ETF rules and qualification standards for foreign digital asset custodians.
Standard Chartered becomes first bank distributor of HKD stablecoin
The bank plans tokenized money market fund settlements in the fourth quarter as HKDAP expands its phased rollout into conventional banking.
Franklin Templeton’s Tokenized Treasury Fund Lands on HashKey
The $1.8 trillion manager is putting its onchain money market fund on the Hong Kong exchange’s Earn channel.
U.S. widens Iran crackdown to encompass crypto, gold, shipping and technology
Treasury says Ivan Obukhov processed over $100 million in crypto for IRGC-QF oil sales since 2023.
Galaxy puts Coldcard hack losses at 1,789 BTC, with 87% unmoved
Galaxy Research’s latest tally shows that more than half of 221 Coldcard hack victim reports involved individual losses exceeding 1 Bitcoin.
Business owner faces up to 280 years over $24M crypto Ponzi scheme
A federal jury convicted Brent Kovar of wire fraud, mail fraud and money laundering after he took $24 million from at least 400 investors.
Franklin Templeton and Hashkey roll out U.S. tokenized money fund in Asia
Tokenized U.S. treasury and money market funds are one of the fastest-growing segments in the digital asset markets, growing fifteenfold in two years.
Live updates: Bitcoin ETFs draw a seventh straight day of inflows as the rally holds above $80,000
Spot bitcoin funds took in $337.56 million on Aug. 24, extending an unbroken run of inflows that has now put real money behind a rally that started with a short squeeze.
Bitcoin ETFs add $338M as six-day inflow streak hits $2.26B
Bitcoin ETFs have drawn $2.26 billion over six trading days, while year-to-date net outflows have narrowed to about $2.57 billion.
Treasury’s bond buyback plan fights the market and heightens the danger, billionaire Druckenmiller says
The billionaire investor argues the intervention removes a vital check on government borrowing and fiscal accountability while markets remain the better judge of prices.
Monad proposes wallet upgrade that could survive lost keys and quantum attacks
The Ethereum-compatible blockchain wants users to be able to replace the keys controlling an account without changing its address, opening the door to passkeys, recovery tools and post-quantum security.
Crypto rally spills into dog and cat memecoins as smaller tokens double in a week
Robinhood Chain-based Cash Cat jumped more than 50% in a day, while several smaller animal-themed tokens have gained between 50% and 130% over the past week.
Bitcoin traders place $2.9 million bet on a rapid price jump above $82,000
Traders are spending millions to position for further Bitcoin upside after its staggering rally to $80,000, though demand for downside protection remains firm, according to Laevitas.
US targets Iran’s crypto sector, cites over $100M in oil-linked payments
The US Treasury expanded sanctions to Iran’s digital asset sector, alleging a UAE-based broker processed over $100 million in crypto for oil sales.
Bitcoin tops $80,000, solana jumps 8% but rally now runs into overbought warning
BTC is up more than 25% on the week after Treasury’s bond-buyback expansion sparked a rally, while Solana led majors Tuesday as validators vote on proposals to slow new SOL creation and raise daily burns.
BNB Chain activates Pasteur hard fork to strengthen bridge security
BNB Chain activates the Pasteur hard fork on BSC, closing bridge and validator security gaps while targeting greater transaction capacity.
Korean bank taps Ripple for payments, Pakistan opens crypto licensing: Asia Express
Asia’s biggest crypto hubs are locked in a tax-cut arms race, while Ripple will help Korea’s Jeonbuk Bank move money across borders.
Bitcoin hits $80,000 for the first time since May as crypto recovery accelerates
BTC has now surged 38% following its June plunge as shifting U.S. Treasury policy helped bring buyers back to crypto, rejuvenating ETF demand.
Hugging Face Explores $13 Billion Sale a Month After a Rogue OpenAI Agent Hacked It
The open-source AI hub is fielding buyout interest at nearly triple its 2023 valuation, weeks after a security breach and days after Stripe’s OpenRouter deal reset the price of AI infrastructure.
CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets
A judge stayed the CFTC’s civil case against a soldier who allegedly used nonpublic information for a Polymarket bet, but the regulator is trying to weigh in on the criminal case.
Strive Buys $81.5 Million in Bitcoin After Issuing More Shares
The company increased its Bitcoin holdings by 5.5%, but its Bitcoin per fully diluted share rose only about 1.4%.
Gemini plans to distribute crypto prediction markets through Apex brokerages
The proposed deal would make Gemini the exclusive venue for crypto event contracts offered through Apex’s FCM, expanding its prediction-market reach to brokerage clients.
AI Model Ox Alpha Is Free, Beats Claude Fable, and Nobody Knows Who Built It
Ox Alpha is topping benchmark scores, reads a million tokens, takes video as input, and has developers guessing who’s behind it.
Why the Bitcoin Rally Looks Like a Vote Against the Dollar
Bitcoin and gold rose as the dollar weakened following expanded Treasury bond buybacks, reflecting concerns about U.S. fiscal policy, analysts say.