Key Takeaways Bitcoin surpassed $79,000 on Friday as mounting U.S. debt fears over $40 trillion boosted alternative assets. Over $1.22 billion in short positions were wiped out across crypto markets, aiding Strategy’s profitability. Prediction market traders heavily favor bitcoin breaching $80,000 next, with 71% anticipating further gains. Short Sellers Squeezed as Liquidations Top $1B Bitcoin…
Key Takeaways Coinbase CEO Brian Armstrong reminded his followers that a Senate cloture vote on the CLARITY Act needs 60 votes on September 15. CFTC Chairman Mike Selig has planned new crypto rules by September 16 if the bill stalls again. Armstrong also expects bitcoin near $300,000 to $400,000 by 2030 as regulatory clarity firms…
Key Takeaways Injective said its arm became an SEC-registered transfer agent for securities. Injective’s SEC status adds regulated recordkeeping to four live tokenized asset classes. Injective’s next test is scaling adoption among banks and issuers after its 2026 regulatory push. Injective Targets 4 Asset Classes With SEC Transfer Agent Status Injective is adding regulated securities…
Key Takeaways Bondarchuk spent 100+ hours 3D printing Bella’s modular prosthetic arm. Bella, 7, uses the device daily, highlighting cheaper pediatric options. GE Vernova hired Bondarchuk as he develops attachments for more kids. Vitaliy Bondarchuk’s dorm-room engineering project started with a family problem: his 7-year-old sister, Bella, needed a prosthetic that could keep up with…
Key Takeaways Hungary repealed strict local crypto validation checks to fully align with the EU’s new MiCA framework. The move eliminates duplicate compliance rules, allowing EU exchanges to operate freely in Hungary. The repealed laws previously criminalized unauthorized crypto conversions with up to 8 years in prison. Hungary Decriminalizes Crypto Assets’ Offenses in Line With…
Key Takeaways Bitgo Korea won VASP registration Aug. 18, opening custody services to institutions. Hana owns 25% of Bitgo Korea as tighter VASP rules raise the compliance bar. Bitgo has disclosed no launch date yet despite reporting $63 billion on platform. The Korea Financial Intelligence Unit accepted Bitgo Korea’s Virtual Asset Service Provider, or VASP,…
Key Takeaways Selig ordered CFTC staff on Aug. 20 to prepare backup crypto market rules. CFTC rules could give exchanges a new path if the 2026 Clarity Act stalls. Senate action could return in September, with the Clarity Act needing 60 votes. Speaking Thursday at the CFTC Innovation Advisory Committee’s inaugural meeting in Washington, Selig…
Key Takeaways Defillama shows decentralized finance TVL jumping 9.15% to $83.216B on Aug. 20. DEX platform volume hit $10.886B, its first move above $10B since June 5. The perp DEX Hyperliquid captured roughly 45% of perp DEX volume with $15.205B in 24 hours. Defillama TVL data at about 10:30 a.m. EDT on Aug. 20 showed…
Key Takeaways Bitcoin surged 14% over four days to a session high of $72,850, lifting its market cap to $1.45 trillion. Pro-crypto White House meetings and Treasury policy shifts sparked $1.59 billion in short bets liquidated. Market strategists expect Scott Bessent’s expanded Treasury bond buybacks to spur further crypto momentum. Intraday Price Action and Breakout…
Key Takeaways MSTR absorbs residual bitcoin exposure after senior claims. Five preferred securities offer different income protections. None gives holders direct ownership of Strategy’s bitcoin. Strategy Separates Equity From Preferred Income Strategy Inc. (Nasdaq: MSTR) announced Aug. 19 that it had published investor briefings covering its common stock and five preferred securities. Executive Chairman Michael…
