Bitcoin Copies August 2022 With Weekly Close Below 200-Week Trend Line

Bitcoin (BTC) is starting the new week at around $63,000, but bear-market history continues to repeat with weekly close below a key long-term trend line. Key points: Bitcoin has been trading in a range between $57,700 and $67,300, but last week’s close came with a drop below the key 200-week moving average at $64,216. Markets…

OCC approves Trump Family Crypto Company for Trust Charter

Amid scrutiny and accusations of conflicts of interest from many lawmakers, the US Office of the Comptroller of the Currency (OCC) gave conditional approval for World Liberty Financial’s application for a national trust bank. In a Friday notice, the OCC said the conditional approval for World Liberty’s charter application, subject to certain regulatory and policy…

Bitcoin Pushes Past $64,000 As Crypto Short Liquidations Near $140M

Bitcoin (BTC) returned to $64,000 after Monday’s Wall Street open as US stocks gave way to gold. Key points: Bitcoin continues a rebound from Sunday’s weekly close, gaining 2% on Monday. Oil stays steady after US president Donald Trump threatens to bomb Oman over the Strait of Hormuz. Bitcoin funding rates hit 20-month highs of…

Saylor says share buyback isn’t a priority as it builds its $4.8 billion cash reserve, though a possibility

It’s not a priority, said Executive Chairman Michael Saylor, but Strategy (MSTR) could buy back its own shares if they become cheap enough. The comments during a Monday Q&A follow a rough stretch for Strategy’s common shareholders. MSTR is down about 38% this year and 73% year-over-year, driven in large part by bitcoin’s BTC$64,348.18 decline,…

Bitmine Nears 5% of Ethereum Supply With 5.82M ETH

Tom Lee’s Bitmine Immersion Technologies, an Ethereum treasury company, resumed its Ether purchases last week, bringing it closer to a key business target of owning 5% of the second-biggest cryptocurrency’s supply despite challenging market conditions. The company disclosed Monday that it acquired 9,926 Ether (ETH) during the week ending Aug. 16, bringing its total holdings…

CFTC seeks public input on AI compute futures contracts as CME eyes October launch

The regulatory review could shape an emerging market that lets companies and investors trade and hedge the cost of increasingly scarce AI computing power. Source link

Strategy raises $334M through stock sales but buys no Bitcoin

Proceeds funded STRC dividends and repurchases, while $149.1 million was added to Strategy’s US dollar reserve, which reached $4.8 billion. Source link

Harmony plans rollback, wiping 109,000 transactions after ONE exploit

Harmony said selectively restoring transactions could create inconsistent chain state, as Ravencoin faces a separate rollback dispute after an exploit. Source link

Bitpanda Fined in Austrian Regulator’s First Published MiCA Penalty

[Update 10:40 UTC, Aug. 17: This article has been updated to include a statement from Bitpanda in sixth and seventh paragraphs.] Austria’s financial regulator has fined crypto platform Bitpanda 70,000 euros ($82,000) for violating the European Union’s Markets in Crypto-Assets Regulation, in the watchdog’s first published final penalty under MiCA. The Austrian Financial Market Authority…

Bitcoin’s summer calm is making options look unusually expensive

Bitcoin’s BTC$63,580.80 price has been eerily calm for weeks, locked in a narrow range below $65,000. Options, or derivative contracts offering insurance against wild price swings, should be cheap in a market this quiet. They aren’t. That may sound counterintuitive, but it really isn’t, and it matters for traders considering options to hedge against, or…