CryptoNews

Bitwise XRP ETF Trading Volume Tops $200M Across Three Sessions

Trading volume in Bitwise’s XRP exchange-traded fund (ETF) exceeded $200 million across three consecutive sessions. Each session established a new high for the fund, culminating in more than $80 million on Aug. 24. Key Takeaways Bitwise’s XRP fund traded more than $200 million across three sessions. The fund held about 328 million XRP worth $484.6 million on Aug. 23. Trading volume measures…
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CryptoNews

Coinbase Tokenized Stocks Go Live for Eligible Non-US Users

Coinbase has launched tokenized U.S. stocks on Base for eligible users outside the United States. The 1:1-backed securities support continuous trading and decentralized finance applications, with Chainlink supplying market data. Key Takeaways Eligible non-U.S. users can…
CryptoNews

Ray Dalio Backs Bitcoin as US Debt Could Spiral to $60 Trillion

Ray Dalio warns U.S. debt could reach $60 trillion within a decade, raising the risk of severe financial disruption. The Bridgewater Associates founder recommends 10% to 15% in gold, plus a bit of bitcoin, as currencies weaken. Key Takeaways Ray Dalio expects U.S. debt to reach between $55 trillion and $60 trillion. He recommends 10% to 15% in gold, plus a small bitcoin position. Total federal…
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Crypto Firm Shut Down After Nine Investors Lose Over £300,000

A U.K. court shut down Key Coin Assets Ltd. after nine investors who complained to Action Fraud paid more than £300,000. Investigators found no evidence of genuine trading and described its operation as displaying hallmarks of a Ponzi-style scheme. Key Takeaways Nine…
CryptoNews

Hungary Repeals Strict Crypto Rules to Align With EU MiCA Framework

The Hungarian parliament voted to repeal the provisions that required a validation check for crypto asset conversions to be legal. The move also removes crypto-related offenses imposing penalties of up to eight years of imprisonment from the national criminal code. Key Takeaways Hungary repealed strict local crypto validation checks to fully align with the EU’s new MiCA framework. The move…
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CryptoNews

Binance Helps Stop $1.2M Governance Attack in Under 48 Hours

Binance said its monitoring team detected a malicious DAO proposal, warned the unnamed project and coordinated deposit closures with exchanges before a vote blocked access to roughly $1.2 million in treasury tokens. Key Takeaways Binance detected the proposal with less than…
CryptoNews

Trump Opens Bitcoin Door as US Debt Blows Past $40 Trillion

Treasury Department figures and debt clock readings reported Aug. 19 put total public debt at a staggering $40.049 trillion. About $32.266 trillion sits with the public, while another $7.782 trillion is effectively Washington owing money to federal accounts, including trust funds. Key Takeaways U.S. debt reached $40.049 trillion Aug. 19 as federal interest costs climbed. Bitcoin neared $70,000 as…
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