Bitcoin Drops to $58K After U.S. CPI Print, BTC ETFs Record $81M Outflow
Traders say bitcoin could drop to $55,000 in the near-term, but favorable Fed policies could set the stage for its next leg up.
Financial
Financial
U.S. Crypto Bill Can Happen This Year, Senate’s Schumer Tells Crypto Backers of Harris
At the opening Crypto4Harris event, industry supporters of the Democratic presidential candidate suggested Harris will lead a crypto surge, though she hasn’t yet shared her view.
Financial
Protocol Village: Wormhole Rolls Out ‘Era3’ Roadmap, XION Plans Token
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 15-21.
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Trump Organization to Launch a Cryptocurrency Initiative, Eric Trump Says: Report
The son of former President Trump tweeted earlier this month that he had “truly fallen in love with Crypto/DeFi.”
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The Protocol: Memecoin Trading Is Suddenly Trump.fun
Blockchain has gone even more ridiculous than usual over the past week, with headlines focused on Trump-themed memecoins and the Solana-based launchpad Pump.fun. PLUS: Ethereum developers tee up revamp of the EVM programming environment.
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Nearly $600M of Silk Road Bitcoin Hits Coinbase Prime, but Not Necessarily to Sell
Bitcoin continued under pressure for the day at around $59,000.
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Binance to Pay $1.7M to Brazilian Securities Commission to End Probe Into Unauthorized Derivatives Offering
The Latin American country’s agency had rejected Binance’s previous proposal, made in August 2023, to end an investigation into its derivatives products.
Financial
The Anatomy of a Meltdown (and Just BTFD)
GSR’s Brian Rudick discusses the recent market meltdown, how towering bull tenets and fading risks could propel Bitcoin to $1m, and why the recent taban is a gift, all combining to make cryptocurrency’s risk-reward its most compelling in years.
Financial
Bitcoin Price May Turn Lower as Crypto Exchanges See $1B USDT Withdrawal: IntoTheBlock
The previous two occasions when exchanges saw similar USDT outflows earlier this year occurred near local tops in bitcoin’s price.
Financial
As Restaking Takes Shape on Solana, Ethereum-Focused Renzo Jumps in With ‘ezSOL’
Liquid restaking protocol Renzo, known for its work on Ethereum-based projects like EigenLayer and Symbiotic, disclosed Wednesday that it’s preparing a new liquid staking token focused on the Solana-focused restaking platform now under development by developer Jito Labs.