Bitcoin Restaking Platform BounceBit to Wind Down L1 Blockchain Following Exploit
An attacker exploited a protocol vulnerability to transfer approximately 286.5 million BB tokens worth roughly $3 million from BounceBit's Layer 1 blockchain. Following this security incident, BounceBit announced it will permanently close its independent blockchain.
Bitcoin and Ether bears get decimated amid 'squeeze-led' rally and Musk's X wants to pay creators in stablecoins: Crypto's week in 5 stories
Bitcoin and crypto assets experienced their strongest rally in months driven by Treasury intervention, regulatory moves, and a historic short squeeze against bearish traders. Major banks and technology companies simultaneously expanded their stablecoin operations and initiatives.
Zcash Price Hits 8-Year High as Grayscale ETF Gets Closer
Zcash reached its highest price in eight years after Grayscale submitted a fifth amended registration with the SEC for a proposed Zcash ETF. If approved, the fund would be the first US ETF to directly track Zcash prices.
Zcash surges over 42% to surpass $800 as Grayscale files for ZEC ETF
Zcash's price increased over 42 percent to exceed $800 following Grayscale's filing for a ZEC exchange-traded fund. The ETF filing represents a move toward institutional investment in the privacy-focused cryptocurrency.
Fomo app surpasses Cash App in US iPhone finance rankings
Fomo app has become the top-ranked finance app on US iPhones, surpassing Cash App. The shift highlights growing interest in blockchain-based financial services within Solana's ecosystem.
Over $33M in Solana short positions liquidated as SOL nears $95
Over $33 million in Solana short positions were liquidated as the SOL token price approached $95. The liquidations occurred amid volatile crypto market conditions requiring careful leverage management.
Regulation Crypto Assets: Here is a Comparison to Reg A and Reg CF
The SEC proposed new Regulation Crypto Asset exemptions modeled after existing securities regulations Reg CF and Reg A. Reg CA allows issuers to raise capital through crypto assets using frameworks comparable to these two established exemptions.
Bitcoin Posts Biggest Week Since 2024 as Trump Pushes Senate on CLARITY Act
Bitcoin rose 22.6% in a single week, marking its largest seven-day gain since November 2024. The surge followed President Trump directing congressional lawmakers to pass the CLARITY Act during a White House meeting with crypto executives.
Smart Money Helping Support Bitcoin Rebound, Says Pantera Capital
Bitcoin has experienced recent price surges, according to Pantera Capital's portfolio manager, who attributes the rebound to smart money support. The manager stated it is difficult not to be bullish given these recent price increases.
Utorg launches Utapp crypto wallet and card for iOS users, expanding its consumer product ecosystem
Utorg released Utapp, a self-custodial crypto wallet and card application for iOS users. The app allows users to buy, hold, send, swap, and spend cryptocurrency in one interface while supporting planned future wallet, card, and payment features.
Hudson River Trading Expands Partnership with CoreWeave for Advanced AI Infrastructure
Hudson River Trading secured a multi-billion-dollar multi-year agreement with CoreWeave to access specialized AI computing resources for developing trading research and machine learning models. The partnership provides the quantitative trading firm with advanced infrastructure to support next-generation algorithmic trading capabilities.
Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against Incoming Debt Crisis
Ray Dalio stated that Bitcoin will perform well alongside gold as a hedge against government money printing and an incoming debt crisis. Dalio, founder of Bridgewater Associates, recommends holding both assets to protect against currency devaluation.
Zcash Rally Extends to 40%: Can ZEC Hit $1,000 This Cycle?
Zcash's price rose approximately 40% over one week to reach around $675, with a 19% gain in the past 24 hours. Trading volume exceeded $1 billion as the cryptocurrency approached the $680-$700 resistance zone.
Washington Goes All-In on Crypto: Trump Pushes Clarity, SEC Rules, and CFTC Warnings
Trump urged executives to pass a fair version of the Clarity Act while the CFTC threatened to write its own rules if the bill stalls. The SEC simultaneously advanced its first crypto fundraising framework, establishing a regulatory structure for digital asset fundraising activities.
Bitcoin Miners Had a $2 Billion Ghost Seller, Citadel Just Cleared It
A $1.99 billion Bitcoin miner position held by a collapsed fund was recently cleared by Citadel. The fund's book contained this substantial ghost seller position that Citadel has now mostly liquidated.
Bitcoin Has Its Best Week Since 2023 as Shortsellers Continue To Get Wiped Out
Bitcoin achieved its strongest weekly performance since 2023, with the price rising significantly. Short sellers betting against bitcoin experienced substantial losses during this period.
Pakistan’s Crypto Pitch: “Come Build Here” as Virtual Assets Act Moves Forward
Pakistan announced a new regulatory framework for cryptocurrency after nearly a decade of bans. Bilal Bin Saqib, special assistant to the prime minister on blockchain and cryptocurrency, invited foreign businesses to establish operations in the country.
Crypto.com Deleted User Account With Funds, Gave No Reason For Weeks
Crypto.com deleted a user's account and froze all funds without warning or explanation. Customer support initially denied the account existed, and the exchange provided no reason for weeks after the August 13 incident.
Bitcoin Price Roars Towards $80,000 Following Positive Regulatory News, US Buyback Pledge
Bitcoin's price surpassed $79,000 on Friday following positive regulatory developments and a US buyback pledge. The cryptocurrency continued climbing toward the $80,000 level.
Bitcoin Marches Higher
Bitcoin rose from the low $60,000s last week to trade around $76,000, with prices reaching $78,000 earlier today. Bull market sentiment has returned to the cryptocurrency after an extended period of stagnation.
Ripple, Clearpool, Cicada Partners Launch Institutional Credit Infrastructure on XRP Ledger
Ripple, Clearpool, and Cicada Partners launched institutional lending capabilities on the XRP Ledger to enable on-chain credit markets for real business funding. The collaboration creates alternatives to traditional decentralized finance yield strategies through direct business financing on XRPL.
Elon Musk’s Social Media Platform X Explores Stablecoin Options for Compensating Digtial Creators
X is examining stablecoins as a payment method for compensating digital content creators and influencers on its platform. The company is in discussions about using digital assets pegged to traditional currencies to distribute these payments.
Treasury’s $14 Billion Buyback Triggered a $3.5 Billion Crypto Short Squeeze
A $14 billion Treasury buyback caused Bitcoin to exceed $70,000 as traders with short positions were forced to cover losses. The bond market's weakening relief indicated a $3.5 billion crypto short squeeze rather than fundamental price support.
XRP Price Prediction: 22% Rally, But Ripple Still is Undervalued
XRP increased 22 percent to $1.30 amid favorable macroeconomic conditions. Traders are examining resistance and support levels while considering early-stage alternatives like Bitcoin Hyper.
Bitcoin eyes $80k after weekly rally pushes BTC above key moving averages
Bitcoin has surged nearly 20% this week and now trades around $76,800 after breaking above its 50-day, 100-day, and 200-day exponential moving averages. Ethereum and XRP gained over 25% and almost 30% respectively, with expanded U.S. Treasury debt buybacks improving liquidity expectations and boosting demand for risk assets.
Asian Stocks Slide on Bond Stress: Will Safe Havens BTC and Gold Keep Rallying?
Asian stocks are declining this week as bond market stress intensifies. Bitcoin and gold have rallied as investors seek safe-haven assets.
Ethereum spot ETFs purchase $189M in ETH, largest single-day inflow in 10 months
Ethereum spot ETFs recorded $189 million in inflows on a single day, marking the largest daily purchase in 10 months. This represents renewed institutional buying activity in the Ethereum ETF market.
Bitcoin Is Suddenly a Hedge Again, VanEck Says: What Changed?
Bitcoin is being characterized as a hedge against dollar weakness by VanEck analyst Matthew Sigel. Some market participants are challenging this claim about Bitcoin's protective properties.
CFTC Innovation Advisory Committee meeting: CME Group CEO Warns About Prediction Market Listings Open to Manipulation
CME Group's CEO warned the CFTC that prediction market listings could be vulnerable to manipulation during an Innovation Advisory Committee meeting. The exchange occurred between CEO Terry Duffy and CFTC Chairman Mike Selig regarding crypto markets where CME has participated since 2017.
CME Group CEO Terry Duffy Clashes With CFTC Chair Over Prediction Markets
CME Group CEO Terry Duffy claims the CFTC approves prediction markets that can be manipulated. CFTC Chairman Selig disputed this characterization as false.