How Fake World Assets Became Crypto’s Latest Craze

Just when you thought crypto was getting boring, a new phenomenon is lighting up Crypto Twitter — Fake World Assets (FWAs). Yes, really. It’s the latest iteration of the onchain gacha craze, where users receive a random collectible, or collectibles, that are usually worth very little, but are sometimes worth quite a lot. Within four…

CLARITY Act Failure May Send Crypto Valuations Lower: Bernstein

The odds of the Digital Asset Market Clarity Act’s (CLARITY) passage are dwindling as the US Senate is scheduled to begin summer recess at the end of this week, threatening another leg down for cryptocurrency valuations, according to wealth manager Bernstein. Bernstein said that the Senate’s failure to pass the legislation could trigger an immediate…

Ethereum news: Tom Lee’s Bitmine (BMNR) continues to buy ETH while Strategy sold bitcoin

Bitmine Immersion (BMNR), the largest Ethereum treasury company, bought 10,399 ether (ETH) during last week as Chairman Tom Lee pointed to ether’s strongest monthly performance against the Nasdaq in a year as evidence that crypto is recovering. The purchase, worth roughly $19.1 million at ETH’s current price of $1,840, lifted Bitmine’s holdings to almost 5.8…

Strategy Sells 1,638 Bitcoin, Funds Dividends and Buybacks

Michael Saylor’s Strategy sold 1,638 Bitcoin between July 27 and August 2, marking the year’s second-largest Bitcoin sale for the company. Strategy sold 1,638 Bitcoin (BTC) at an average price of $63,957 for a total of $104.7 million, according to a Monday 8-K filing with the Securities and Exchange Commission. Of the proceeds, $52.4 million…

ZeroStack Warns of Survival Risk After $82.5M Crypto Loss

Nasdaq-listed crypto treasury company ZeroStack warned that substantial doubt exists about its ability to continue operating over the next year, reversing its assessment from three months earlier.  In a Form 10-Q filed with the US Securities and Exchange Commission (SEC) on Friday, ZeroStack reported $2.6 million in cash, negative working capital of $600,000 and an…

Bitcoin hits $62K while Coinbase premium hits 77-day negative streak

The persistent discount suggests US spot buyers have remained less aggressive than overseas traders even as US Bitcoin ETF inflows turned positive in July. Source link

South Korea Records $367M in Stablecoin Outflows

South Korea saw 560.3 billion won ($367 million) in stablecoin outflows to overseas exchanges in June, extending the country’s streak of monthly net stablecoin outflows to 18 consecutive months.  The figure comes from Financial Supervisory Service (FSS) data obtained by Yonhap News Agency through People Power Party lawmaker Lee Jong-wook. South Korea’s five major crypto…

A massive stablecoin fragmentation war is brewing between tech giants and a startup is aiming to capitalize on it

The stablecoin market is fragmenting, and onchain capital allocator Spark is betting it can capitalize on the split. Fintechs, exchanges and banking groups are increasingly launching their own dollar-linked tokens. Each issuer wants to keep users, reserves and transaction activity inside its own network as competition ramps up. The stablecoin landscape “is about to fragment…

Zimbabwe Adds Seven Fintech Projects to Regulatory Sandbox

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy. Source link

Coldcard Exploit Sparks Bitcoin Flight, ‘Bullish’ Crypto Consolidation: Hodler’s Digest,

Cold storage fears after Coldcard users lose $90M in Bitcoin After $90 million in Bitcoin was drained from Coldcard wallet users, small hodlers desperately sought refuge on centralized exchanges and via alternative custody methods. Bitcoin transfers below 1 BTC climbed to their highest daily level since 2022 on Friday, with 39,600 BTC moved, according to data shared…