Bernstein Says Bitcoin Mining Deals are Necessary for AI Power Crunch

Bernstein said that it remains overweight on the Bitcoin mining sector, citing the growing partnerships between Bitcoin mining companies that are necessary to address the power constraints of artificial intelligence (AI) data centers. The investment manager’s Bitcoin mining industry deal tracker registered a new AI-related deal every week in July, with combined deals standing at…

Gemini Sent $10M in Bitcoin to Trump PAC after Joint Motion with CFTC

With a court set to consider a reversal of a $5 million settlement from the US Commodity Futures Trading Commission’s (CFTC’s) case with cryptocurrency exchange Gemini, the company has sent $10 million in Bitcoin (BTC) to a super political action committee (PAC) supporting President Donald Trump. According to the MAGA Inc. Super PAC’s July report…

Bitcoin and Risk Assets Feel the Strain as Iran War Spikes US Bond Yields

Bitcoin (BTC) fell below $65,000 on Thursday as US stocks slid amid another round of escalation in Iran. Key points: Several days of US-Iran escalation are beginning to take their toll on crypto and stock market performance. Bitcoin sees three-day lows under $65,000 as traders diverge on the near-term outlook. A 21-day moving average trend…

Clarity Act expected to miss its window before Congress’ summer break, leadership says

White House crypto adviser Patrick Witt responded to Thune’s remarks in an interview with CoinDesk on Thursday, arguing that the first week in August should still be open for potential Senate action. Witt said he was “perplexed” by Thune’s sentiment and that he’s “slightly more optimistic,” though he agreed that the bill is unlikely to…

CryptoQuant: Ethereum Nears Market bottom vs Bitcoin

Ether is becoming increasingly attractive from a valuation standpoint, particularly relative to Bitcoin, but onchain data suggests the market has yet to reach a definitive cycle bottom, according to CryptoQuant. In its latest weekly report, the analytics company said Ether (ETH) is trading roughly 17% below its realized price, or the average onchain acquisition cost…

Why the CLARITY Act’s Ethics Fight Could Derail the Market Structure Bill

The long-awaited US Digital Asset Market Clarity Act (CLARITY) has hit another snag. This time, it’s not software developers or the turf war between federal regulators at stake, but the thornier question of ethics — ironic, given many politicians’ demonstrable disdain for them. After months of negotiations and what Coinbase’s chief executive Brian Armstrong called…

Strategy-led Consortium Pledges $15M to Secure the Bitcoin Network

Michael Saylor’s Strategy announced the launch of the Bitcoin Security Consortium, a group of financial institutions and Bitcoin companies supporting the long-term quantum security of the Bitcoin network. The consortium pledged an aggregate $15 million over the next three years to support developers securing the Bitcoin network against the threat of a quantum computing breakthrough,…

The KIDS Act is way worse than digital carding — it is a mass surveillance system

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Kazakhstan Approves Strategic Crypto Mining Framework

Kazakhstan, one of the world’s largest Bitcoin mining hubs, approved a new framework for large-scale crypto mining that links access to electricity with contributions to a state-backed digital asset reserve. The government approved rules for strategic digital mining on July 18, Kazakhstan-based news outlet Zakon.kz reported Wednesday, citing Government Resolution No. 638 published in the…

Bitwise Exec Looks To Hyperliquid, Robinhood For Next Crypto Bull-Market Spark

Bitcoin (BTC) is “finally showing signs of a bottom,” but the next bull market will have a different source. Key points: TradFi integrations, particularly Hyperliquid and Robinhood, will drive the next crypto bull market, says Bitwise’s Matt Hougan. The resulting tide should “lift” the largest cryptocurrencies with it, including Bitcoin and Ether. Apparent demand for…