Author: James Wilson
Bitcoin traded near $64,270 on Aug. 5, gaining less than 1% as record equity markets and falling oil prices failed to produce a broad crypto rally. Summary Bitcoin price held above $64,000 while record global equities and cheaper oil failed to spark momentum. Brent fell near $78.50 as traders awaited a possible U.S., Iran, and Oman shipping agreement. Bitcoin must close above $64,300 on four hour charts to confirm analyst Ali Martinez’s breakout. Bollinger Bands place immediate resistance near $66,285 and range support around $62,524 for Bitcoin traders. U.S. spot Bitcoin ETFs drew $19.6 million Tuesday, but recent outflows still…
Three Missouri men have pleaded not guilty to a federal charge tied to an alleged plan to steal Bitcoin through a home invasion in Connecticut. Summary Three Missouri men face a federal conspiracy charge over an alleged Connecticut Bitcoin robbery plan. Prosecutors say the group surveilled the intended target and his parents for two consecutive days. The Hobbs Act robbery conspiracy charge carries a maximum federal prison sentence of twenty years. Louis and Davis remain detained, while Williams pleaded not guilty and remains free on bond. Two admitted coordinators face August sentencing dates as the Connecticut prosecution continues in federal…
The crypto industry’s most important regulatory bill is stuck because of the president’s own memecoin. Senators Elizabeth Warren and Richard Blumenthal just asked the SEC to investigate while the Clarity Act’s ethics provision remains the last unresolved section blocking a vote. The irony is precise: the bill that would bring regulatory clarity to crypto cannot advance because the most powerful person in the country launched a token that embodies exactly the regulatory ambiguity the bill was designed to resolve. Summary Senators Elizabeth Warren and Richard Blumenthal sent a letter to SEC Chairman Paul Atkins on August 4 requesting an investigation…
SpaceX has expanded its partnership with NVIDIA to power Starmind, a proposed network of orbital data centers designed to process artificial intelligence workloads in space. Summary SpaceX will use NVIDIA’s Vera Rubin platform for its planned Starmind satellite network. The company has requested FCC approval for up to one million orbital data-center satellites. NVIDIA says its Space-1 module provides up to 25 times the AI compute of an H100 GPU. SPCX gained 9.8%, while NVIDIA shares rose 2.5% following the announcement. SpaceX adds NVIDIA chips to Starmind network SpaceX plans to equip its Starmind satellites with NVIDIA’s Rubin graphics processing…
Four of the largest banks in the United States are building a shared network that will let corporate clients move tokenized deposits around the clock, seven days a week. The project, coordinated through The Clearing House, is targeting a first half 2027 launch. It is the clearest sign yet that Wall Street is no longer experimenting with blockchain. It is rebuilding the plumbing. Summary JPMorgan, Citigroup, Bank of America, and Wells Fargo are building a shared tokenized deposit network through The Clearing House, targeting the first half of 2027. BlackRock has expanded its tokenized fund suite with BSTBL and BRSRV…
US and UK financial regulators have expanded talks on stablecoins, tokenization and digital asset oversight as Washington begins implementing the GENIUS Act. Summary The 13th UK-US regulatory meeting took place in London on July 8. US officials briefed UK regulators on GENIUS Act implementation and crypto market structure. Both governments support one-to-one stablecoin backing and greater cross-border regulatory coordination. The Bank of England has replaced proposed holding limits with a £40 billion issuance cap. US, UK regulators discuss stablecoin policy Senior officials from HM Treasury and the US Treasury met in London for the 13th UK-US Financial Regulatory Working Group…
BNY is adding Galaxy’s staking infrastructure to its digital asset custody platform, giving eligible institutional clients access to custody and staking through one servicing model. Summary Galaxy will provide institutional staking through BNY’s Digital Asset Custody platform. The service remains subject to regulatory review and will be limited to eligible clients. BNY is also developing onchain transfer agency and tokenized Treasury infrastructure. BNY’s Belgian subsidiary recently received MiCA authorization for crypto custody and transfers. BNY adds staking to institutional crypto custody Galaxy said it has entered a strategic collaboration with BNY to integrate staking into the bank’s Digital Asset Custody…
Bybit has secured an Electronic Money Institution license in Austria, allowing its local payments subsidiary to offer regulated electronic money and payment services across the European Union. Summary Austria’s FMA granted Bybit Payments GmbH an EMI license on Aug. 4. The license covers electronic money issuance and several regulated payment services. Bybit EU GmbH will continue handling crypto services under its separate MiCA authorization. Bybit plans to add payment cards, open banking and merchant services, subject to approval. Bybit gains approval for regulated EU payments Austria’s Financial Market Authority granted the license to Bybit Payments GmbH on Aug. 4 under…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP ETF inflows surpass $1.5 billion as investors increasingly explore alternative strategies, including EX DeFi cloud mining, for long-term crypto exposure. Summary XRP ETF inflows surpass $1.5B as institutional demand grows and investors explore new digital asset opportunities. XRP ETF milestone boosts market confidence, while EX DeFi attracts attention from investors seeking alternative yield options. Institutional XRP demand accelerates with ETFs crossing $1.5B in inflows amid evolving investment strategies. According to previous forecasts from JPMorgan and Standard Chartered, spot…
Cathie Wood’s ARK Invest bought about $9.4 million worth of Coinbase and Circle shares on Aug. 3 as the U.S. Senate considered its next steps on the CLARITY Act. Summary ARK Invest purchased 54,776 Coinbase shares worth about $8.02 million across three ETFs. Two ARK funds added 23,070 Circle shares valued at roughly $1.39 million. Coinbase rebounded to $149.12, but bearish momentum and resistance near $157 remain. Senate leaders have listed the CLARITY Act as a priority, though no floor vote is scheduled. ARK Invest adds $8 million in Coinbase shares ARK Invest spread its Coinbase purchase across three exchange-traded…