Crypto
Bitcoin experienced a significant rally, climbing over 20% to surpass $77,000, driven by escalating worries over the United States' national debt and instability in the bond market. This surge marks one of the cryptocurrency's largest weekly dollar gains on record, with prominent investor Ray Dalio advising a partial allocation to Bitcoin as a hedge.
Crypto
Both Bitcoin and gold have experienced a significant resurgence, attracting investor capital as traditional markets face economic uncertainties. This renewed interest positions them as key safe-haven assets amidst broader financial shifts.
Crypto
Bitcoin has experienced significant price fluctuations, sparking investor concern and leading to substantial liquidations across the cryptocurrency market. Analysts warn of extreme volatility as the digital asset struggles to maintain key support levels.
Crypto
Major cryptocurrency advocacy groups have initiated a second lawsuit against Illinois over its recently enacted 0.2% tax on digital asset transactions. This escalating legal battle underscores the industry's strong opposition to the levy and its potential implications for the future of crypto regulation.
Crypto
Zcash (ZEC) experienced a significant price rally, climbing almost 50% to exceed $800, a level not seen since 2018. This surge is primarily attributed to growing speculation that Zcash could be a leading 'next bitcoin' contender, coupled with significant strides made by Grayscale towards converting its Zcash Trust into a spot exchange-traded fund.
Crypto
The MANTRA blockchain network has ceased operations after an exploit leveraged a software vulnerability, causing its native token to plummet to a record low. The incident led to an 18% price drop for the MANTRA token, though it saw a minor recovery.
Crypto
Bitcoin and Ether exchange-traded funds (ETFs) experienced substantial inflows for a second consecutive day, reaching a combined $800 million. This surge in institutional investment is driving a broad cryptocurrency market rally, pushing Bitcoin above $75,000 for the first time since May.
Crypto
The Optimism Foundation approved the reallocation of 546.9 million OP tokens—about 12.7% of total supply—from user airdrops to its Strategic Ecosystem Fund, a move valued at roughly $49 million. The shift aims to bolster development and adoption of the Optimism layer‑2 network.
Crypto
GnosisDAO approved a proposal to transition Gnosis Chain to an Ethereum Economic Zone rollup, ending its independent validator set and unlocking a sizable portion of its token supply. The shift aligns the network with Ethereum’s scaling roadmap and could reshape its market dynamics.
Crypto
Former President Trump signaled support for a legal pathway for cryptocurrency in the United States, hosting industry leaders at the White House and calling on Congress to pass the Clarity Act. His remarks spurred gains in major digital assets and the Hyperliquid token HYPE, while also addressing artificial intelligence.
Crypto
Bitcoin and Ether exchange-traded funds recorded their most significant inflows in months, with a total of over $700 million on August 19. This surge coincided with a broad cryptocurrency rally that triggered a record $2.7 billion in liquidations of bearish positions.
Crypto
Fairshake, the industry’s leading political action committee, spent $2 million on a Florida primary campaign that failed to win, drawing criticism over deceptive ads. The PAC says the loss is a setback, not a defeat, as its backed candidates advance in other key races.