US Senator Seeks to Include Crypto in Mortgage Approval Process

Wyoming Senator Cynthia Lummis has introduced a law that could codify an order from a US housing regulatory agency for mortgage purchasers to consider digital assets in applications. In a Tuesday notice, Lummis said her proposed bill, the 21st Century Mortgage Act, would take congressional action following a June order from the US Federal Housing…

XRP Open Interest Drops By $2.4B After Recent Selloff

Key takeaways: XRP open interest remains elevated despite the recent drop, suggesting traders are still holding leveraged positions. Low onchain activity on the XRP Ledger raises doubts about sustainable price gains above the $3 resistance level. XRP (XRP) has fallen 15% since reaching $3.66 on July 18. This move was accompanied by a $2.4 billion…

Bitcoin Eyes $123K But Q3 Data Could Stall Price Discovery

Key takeaways: Bitcoin targets $122,000, where $2 billion in short liquidations are clustered but Q3 seasonal data hints at downside. A falling RSI, spot BTC ETF outflows, and low trading volumes point to weakening bullish momentum. FOMC minutes and positive news from the White House could trigger a rally on Wednesday. Bitcoin (BTC) briefly dipped…

DePIN Should Be Next

Opinion by: Aaron Basi, head of product at IoTeX With the recent passage of the GENIUS Act, the United States has taken its first real step toward regulating crypto nationally. The bill focuses on stablecoins, establishing reserve rules, audits and authorized issuers. This is a milestone for the industry. If lawmakers want to support the…

BitMine approves $1B stock buyback as ETH treasury strategy expands

BitMine Immersion, a Bitcoin mining company and Ether’s largest publicly traded holder, has announced the approval of an open-ended $1 billion stock buyback program to repurchase its outstanding shares through open market or negotiated transactions. With shares trading below the company’s net asset value (NAV), BitMine has opted to repurchase its stock rather than allocating…

DOGE, SOL and XRP Lead Altcoin Losses as Rate Jitters and Leverage Unwind Hit Crypto

Altcoins slid sharply Tuesday as traders braced for a wave of economic events, including a Federal Reserve interest rate decision due Wednesday. Leading the pack are XRP, solana (SOL) and cardano (ADA) which all fell more than 3% over the past 24 hours as well as dogecoin (DOGE), avalanche (AVAX) and sui (SUI) which are…

PENGU, ETH, AVAX, BNB May Lead Altcoin Rally If BTC Hits ATH

Key points: Bitcoin is preparing for a range expansion in the next few days, and the trend favors the bulls. ETH, BNB, AVAX, and PENGU are looking set for a possible upside move. Bitcoin (BTC) has failed to break above $120,000, but a positive sign is that the bulls have not ceded much ground to…

White House Requests Senate Committee Delay Vote On CFTC Chair

The Senate Agriculture Committee has pulled a planned hearing on Brian Quintenz’s nomination to chair the Commodity Futures Trading Commission (CFTC), following a request from the White House just days before lawmakers leave for August recess. In an update to the committee’s schedule on Monday, chair John Boozman and ranking member Amy Klobuchar said lawmakers…

PENGU, ETH, AVAX, BNB May Lead Altcoin Rally If BTC Hits ATH

Key points: Bitcoin is preparing for a range expansion in the next few days, and the trend favors the bulls. ETH, BNB, AVAX, and PENGU are looking set for a possible upside move. Bitcoin (BTC) has failed to break above $120,000, but a positive sign is that the bulls have not ceded much ground to…

Twenty One Capital Surpasses BTC Projections with 43,500 Bitcoin Holdings

Cantor Fitzgerald-backed Twenty One Capital has significantly increased its Bitcoin (BTC) holdings, expanding its treasury beyond the amount announced at launch, highlighting the accelerating race to accumulate the digital asset.  The Bitcoin treasury firm, which launched in April with a mission to amass the digital asset, has added approximately 5,800 BTC from stablecoin issuer Tether,…