Bitcoin ETFs gain fresh case after $89M Coldcard drain
Bloomberg Intelligence senior ETF analyst Eric Balchunas said on Aug. 2 that the Coldcard security failure strengthens the case for U.S. spot Bitcoin ETFs, especially for investors who want long-term price exposure without managing private keys. Summary Galaxy traced 1,367.05…
PayPal Betting Big on Stablecoins After Disclosing Q2 Results
PayPal processed a record $486.4 billion in payments during the second quarter and created a dedicated crypto division as it expands its digital asset strategy. PayPal has reported $486.4 billion in total payment volume for the second quarter on…
XRP Ledger urges node upgrade after manifest flood
Ripple Director of Engineering Vijay Khanna urged XRP Ledger node operators on Aug. 2 to install xrpld version 3.2.1 after developers observed a validator manifest flood on July 31. Summary July 31 manifest flooding prompted xrpld 3.2.1 while XRP Ledger…
Robinhood’s Q2 Revenue Hits Record $1.31B as Prediction Markets Fuel 10x Surge in Event Contracts
Robinhood generated $156 million from event contracts in a dramatic jump from the same quarter last year. Robinhood posted record second-quarter net revenue of $1.31 billion, up 32% year-over-year, as activity across prediction markets, options, and equities helped offset…
Allbridge Pauses Protocol After $1.65M Exploit Drains Stablecoin Liquidity Pools
Allbridge has asked users to withdraw liquidity immediately after a $1.65 million exploit. Cross-chain stablecoin bridge, Allbridge Core, suffered a security exploit that resulted in losses of approximately $1.65 million, according to blockchain security firm PeckShield. The firm said…
3 AIs Give Surprising Answers
SOL is the “easiest pick,” ChatGPT said. The prolonged bear market has left numerous crypto investors underwater, as prices of countless digital assets have crashed by double digits over the past several months. Despite the grim reality, the current…
Crypto Is No Longer the ‘Belle of the Ball,’ Warns Bitwise’s Matt Hougan
Crypto winter looks different this cycle as capital rotates toward smaller assets with credible fundamentals instead. Bitwise Chief Investment Officer Matt Hougan said the “brutal” cryptocurrency market is no longer the “belle of the ball,” as digital assets are…
Texas Halts Alleged Crypto Pyramid Scheme After ‘Zero-Risk’ Millionaire Promises
Key Takeaways Recruiters allegedly promised investors they could become millionaires within months through aggressive referral incentives. Regulators cited claims of 60% monthly returns, principal protection, and a 99.6% trading success rate. Investors faced withdrawal hurdles that included a 20% handling…
CME’s Terry Duffy calls U.S. crypto perps a disaster waiting
CME Group Chief Executive Terry Duffy has warned that the recent approval of cryptocurrency perpetual futures in the U.S. has created significant risks for investors and the financial system, calling the products “a disaster waiting to happen.” Summary CME CEO…
Ripple Broadens RLUSD’s Multichain Reach, Opening New Institutional Liquidity
Key Takeaways Ripple expanded RLUSD’s reach through Wormhole’s Native Token Transfers across supported blockchain ecosystems. Institutional users gain stronger access to compliant dollar liquidity for payments, tokenization, and ramps. Further network growth could boost RLUSD’s role in cross-chain stablecoin infrastructure….
Worldcoin (WLD) Explodes 60% Weekly Despite the Crypto Massacre: Further Gains on the Way?
The bears have taken total control of the crypto market lately, suppressing the prices of multiple leading digital assets, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), Cardano (ADA), and many more. Nonetheless, a handful of tokens have managed…
Chainalysis reveals $100 million peptide market built on crypto
The cryptocurrency-funded peptide market has surpassed a $100 million annual run rate after first-quarter sales jumped 159% quarter-over-quarter to $32 million, according to a new report from Chainalysis. Summary Chainalysis says the crypto-funded peptide market has exceeded a $100 million…
This Nasdaq Firm Chasing 10% of Ethereum (ETH) Supply Now Sits on an $85M Hit
FG Nexus began buying ETH on Ethereum’s 10th anniversary but soon faced one of crypto’s sharpest downturns. Nasdaq-listed Ethereum treasury firm FG Nexus has recorded cumulative losses of more than $85 million on its Ethereum treasury strategy after selling…
Sugarcane-Powered Bitcoin Mine to Launch in Brazil With Tether Backing
Key Takeaways Adecoagro and Tether set a July 1st launch for a green bitcoin farm, next boosting eco-friendly markets. Matheus Lechuga revealed a 10 MW farm to power 1,280 rigs, next upgrading bitcoin market efficiency. Tether bought Adecoagro via a…
Hester Peirce raises big question over DeFi developer liability
SEC Commissioner Hester Peirce has said that software developers who publish open-source blockchain code should not face federal securities registration rules simply because others use their work. Summary Hester Peirce said open-source DeFi code should not automatically expose developers to…
Normal Preferred Behavior or Warning Sign?
Some observers noted that lower share prices and higher yields can create a feedback loop that may become harder for Strategy to manage. Strategy’s preferred stock STRC closed Wednesday at $94.65, about 5% below its $100 par value, touching…
Solo Bitcoin Miners Keep Pocketing Full Block Rewards in 2026: Here’s How
Key Takeaways CKPool Solo has facilitated at least 40 verified bitcoin block wins since mid-2023, including three in early 2026. Public Pool on Umbrel confirmed seven solo bitcoin block wins, with the most recent at block height 948146 on May…