CryptoNews

Circle Posts $701 Million Q2 Revenue as USDC Activity Accelerates

Circle reported stronger second-quarter earnings as USDC circulation and transaction activity expanded. The stablecoin issuer also set a September launch date for Arc, its institutional blockchain network. Key Takeaways Circle posted $48M in Q2 profit as USDC transaction volume jumped 151% to $14.8T. USDC reached $73.3B in circulation, strengthening Circle’s institutional payments reach. Circle…
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Bitcoin Options Flash $80K Max Pain as Wall Street Loads Up

Bitcoin traders have quietly stacked more than $41 billion into futures contracts, while the options market is flashing price targets thousands of dollars above where bitcoin actually trades. At $64,711 on Aug. 5, spot bitcoin looks almost cheap compared with the bets piling…
CryptoNews

BTC Hits $64,360, but Bitfinex Warns of Downside Risks

Bitcoin posted a 0.8% gain, trading between $63,300 and a session high of $64,360, while holding support above $63,500 and keeping market cap at $1.29 trillion. A sudden rally triggered a heavy short squeeze, wiping out $35 million in short positions. Key Takeaways Bitcoin peaked at $64,360 as time runs out for a vote on the CLARITY Act. $35 million in short positions were wiped out while…
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Binance Launches Lite Loan With No Liquidation for 30 Days

Binance has launched a 30-day bitcoin-backed loan offering up to 1,000 USDT, with no price-triggered liquidation during the initial term. A promotional 0.5% service fee remains available through Sept. 3. Key Takeaways Users can borrow up to 1,000 USDT against eligible BTC…
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Ripple Pushes Full XRPL Stack as Tokenized Assets Expand

Ripple is building issuance, stablecoin, trading, custody, and credit infrastructure as financial institutions adopt tokenized assets. Its XRPL ecosystem links programmable funds with continuous settlement, liquidity, yield, collateral, and compliance tools. Key…
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Willy Woo Sees 20%-40% Chance of Partial Coldcard Bitcoin Recovery

Bitcoin analyst Willy Woo estimates authorities have a 20% to 40% chance of recovering part of the bitcoin stolen through the Coldcard vulnerability. Historical crypto recoveries spanning billions of dollars underpin that outlook, while security leaders urge victims to preserve evidence that could support future claims. Key Takeaways Woo sees a 20%-40% chance of partial Coldcard bitcoin…
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FBI Spy Hunter Stole $1M Crypto From His Own Target, Feds Say

A former FBI supervisory special agent has been accused of doing something investigators spend years warning others about: exploiting access to cryptocurrency seed phrases that were never meant to leave an active counterintelligence case. According to prosecutors, roughly $1…
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US Interest in Bitcoin Sinks to Near 5-Year Low

According to Google Trends, searches for bitcoin have fallen to a near-historic low, even as one of the industry’s key regulatory pieces, the Clarity Act, is expected to be voted on in the U.S. Senate this week. Key Takeaways Google search interest for Bitcoin hit near…
CryptoNews

Bitgo CEO Funds 100 BTC Wallet, Dares Anthropic’s AI to Steal It

Bitgo Chief Executive Officer Mike Belshe turned one of artificial intelligence’s biggest security debates into a public bitcoin challenge by placing 100 BTC, worth roughly $6.3 million at the time, into a publicly known wallet and inviting Anthropic’s Claude models to steal it. The move followed Anthropic’s disclosure that several of its AI models reached the open internet and interacted…
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