Bitcoin price slips below $65K after US jobs data
Bitcoin fell below $65,000 on Thursday after stronger-than-expected U.S. jobless claims data reinforced concerns that the Federal Reserve could keep interest rates elevated. Summary Bitcoin traded at $64,384, down 0.69% after failing to close above $65,000. Initial U.S. jobless claims…
Analyst Predicts 1,700% LDO Rally From Long-Term Support
LDO remains trapped in a multi-year downtrend, with analysts watching $0.47 as the level needed for a possible reversal. Analyst Crypto Patel said on August 6 that Lido DAO’s LDO token could recover more than 1,700% after falling nearly…
Michael Saylor says ChatGPT helped Strategy raise $15B
Michael Saylor said ChatGPT helped him design the preferred stock financing model that enabled Strategy to raise about $15 billion for its Bitcoin-focused balance sheet. Summary Saylor credited ChatGPT with helping develop Strategy’s preferred stock financing structure. Strategy raised about…
Strategy Doubles Down on BTC as it Nears $65K: Will an August Gamble Pay Off For Saylor?
In Bitcoin news today, BTC USD is trading near $64,800 as three distinct forces converged this week to reframe the asset’s risk and opportunity profile simultaneously. A Federal Reserve official opened the door to a rate hike, and a volunteer…
Binance Pauses Services and Delists Several Crypto Pairs: Who Is Affected?
The first update is scheduled for August 7, with the second set for the following day. The world’s largest cryptocurrency exchange will conduct a major scheduled upgrade on Saturday that will pause certain trading activities. The second major statement…
MyTrade founder fined $10K over crypto wash trading
MyTrade founder Liu Zhou was fined $10,000 after admitting that his crypto market-making platform used bots to conduct wash trades for dozens of tokens. Summary Liu Zhou pleaded guilty to conspiracy to commit market manipulation and wire fraud. MyTrade bots…
Transatlantic Crypto Framework: What the US-UK Stablecoin Deal Means for Markets
The United States and the United Kingdom have announced a formal joint digital asset framework, marking the most significant transatlantic regulatory alignment effort in crypto history and a boost to regulation for stablecoins. The plan targets stablecoins, tokenized securities, and…
BTC Battles Key $65K Barrier as Short Liquidation Cluster Builds
Bitcoin has extended its recovery from recent lows and is now testing an important resistance region. While short-term momentum has improved, the asset is approaching an area that could determine whether the current rebound evolves into a larger breakout or…
OpenAI acquires Rain AI patents after takeover talks fail
OpenAI has acquired patent assets from AI chip startup Rain AI after earlier negotiations to buy the company ended without an agreement, according to The Information. Summary OpenAI acquired some Rain AI patents, but the financial terms and number of…
Senate Stall Meets Transatlantic Deal: Crypto Regulation’s Divided Week
Two things happened in CLARITY Act crypto regulation this week that point in opposite directions, and understanding both is essential to reading where policy risk sits in your portfolio right now. On August 4, the US Department of the Treasury…
