Ether ‘mega whales’ continue buying through weekend dip

Ether “mega whales” continued buying the cryptocurrency, which dipped and began recovering over the weekend. Ether whales continued to buy the cryptocurrency in droves, according to onchain analysts, as ETH recovers from a weekend dip.  “Somebody is buying a ton of ETH,” blockchain analytics firm Arkham Intelligence said on Sunday, with one address accumulating $300 […]

BlackRock Bitcoin ETF set for ‘monstrous lead’ with SEC options boost

BlackRock’s Bitcoin ETF will get a boost from the SEC’s decision to raise the limit for options contracts 10-fold, NYDIG’s Greg Cipolaro said. BlackRock’s market-dominating spot Bitcoin exchange-traded fund may get bigger after the US Securities and Exchange Commission increased position limits for many Bitcoin funds, according to crypto financial services firm NYDIG. The SEC […]

Bitcoin company Metaplanet kicks off August with first big buy

Metaplanet scooped up 463 Bitcoin on Monday, making it the first public company to capitalize on the August Bitcoin dip. Metaplanet snapped up 463 Bitcoin on Monday, making it the first public company to capitalize on Bitcoin’s 5% weekend dip. The Japanese investment company bought the Bitcoin  BTC$114,632 for 8 billion Japanese yen ($53.7 million), an […]

Cardano community approves $71M treasury spend for network upgrades

Prior to the proposal passing, Cardano’s Technical Steering Committee submitted a competing bid and users expressed concern about transparency and accountability. Cardano’s core development team received approval to be paid 96 million ADA from the treasury to forge ahead with proposed upgrades to the network. Input Output Global (IOG) — Cardano’s main development team — submitted the […]

$110K support key as Bitcoin enters bear month with a 5% dip: Analyst

The month of August has historically been a bearish one for Bitcoin, and is already off to a choppy start. Bitcoin will likely need to hold above the $110,000 support level to get a chance at retesting its all-time high, according to an analyst, as Bitcoin fell 5% over the weekend. Bitcoin fell from about […]

CFTC starts ‘crypto sprint’ with SEC following White House plans

The Commodity Futures Trading Commission will work with the Securities and Exchange Commission to implement White House crypto recommendations. The US Commodity Futures Trading Commission has launched a “crypto sprint” to begin implementing crypto-related recommendations the Trump administration released on Wednesday. CFTC Acting Chair Caroline Pham said on Friday that the agency would “work closely” with Securities […]

Trump’s crypto-AI tsar David Sacks: AI job loss is ‘overhyped’

Sacks said fears that AI will overtake human jobs are overblown, while a recent Microsoft study flagged the top roles at risk. White House AI and crypto czar David Sacks pushed back on growing fears that AI will wipe out large swathes of the workforce, arguing that it still relies on human supervision to generate […]

Blockchain technology can help decentralize the US energy grid — VC

Making the US energy grid more resistant to shocks and maximizing grid uptime is central to the Trump administration’s AI strategy. Blockchain technology can help modernize the US electrical grid by marshaling human labor and stranded resources to create decentralized energy infrastructure, according to Cosmo Jiang, a general partner at venture capital firm Pantera. “All […]