Author: James Wilson

HYPE price climbed above $56.80 as strong quarterly revenue, token buybacks, and rising RWA trading activity helped it rebound from the $51 support area. Summary HYPE price gained 2.5% in 24 hours and traded about 3.7% higher over the past week. Hyperliquid generated $169 million in Q2 revenue, allocating $141 million to HYPE buybacks. The daily chart shows a potential breakout from a descending channel, but momentum is nearing overbought levels. Liquidation clusters at $57.20 and $55 could determine HYPE’s next short-term move. HYPE price rebounds from $51 support According to data from crypto.news, Hyperliquid (HYPE) price traded near $56.80…

German Bitcoin developer René Pickhardt said on Aug. 6 that fears about self-custody security and key management kept him from accumulating more Bitcoin, despite believing the asset had upside.  Summary Bitcoin developer René Pickhardt says self-custody security concerns kept him from accumulating more BTC earlier. Coldcard vulnerabilities made some wallet seed phrases predictable, exposing users to remote key recovery attacks. Galaxy Research estimates roughly 1,755 BTC was stolen across several waves linked to vulnerable wallets. Coinkite says patched firmware cannot repair previously generated weak seeds, requiring users to migrate funds. Adam Back argues Bitcoin self-custody remains powerful but requires users…

Russia has detained over 20 workers in raids on nine crypto exchanges over alleged laundering scheme tied to scam proceeds. Summary Russia has detained more than 20 people after raiding nine unregistered crypto exchange services in Moscow. Authorities alleged the exchanges converted scam proceeds into cryptocurrency and transferred the funds to Ukrainian handlers. Exchange employees and couriers are under investigation for alleged involvement in large scale fraud carrying penalties of up to 10 years in prison. The operation comes weeks before Russia’s new regulated cryptocurrency market is scheduled to begin on Sept. 1. According to an official statement from Russia’s…

Bitcoin climbed above $65,000 after the July U.S. jobs report showed an unexpected decline in payrolls, weakening the case for another Federal Reserve rate hike. Summary U.S. nonfarm payrolls fell by 23,000, missing forecasts for an increase of roughly 80,000 to 85,000. Revisions removed a combined 103,000 jobs from May and June payroll figures. Bitcoin rose nearly 2% to around $65,200 as traders lowered their expectations for another rate increase. Options traders remain cautious, with geopolitical and inflation risks still limiting conviction in further upside. US payrolls record third-largest decline since 2020 The U.S. economy lost 23,000 jobs in July,…

Firmus, a former Bitcoin mining company that has repositioned itself as an AI infrastructure provider, has secured $2 billion in new equity funding, lifting its post-money valuation above $10.5 billion as it expands AI factory projects across Australia and the Asia-Pacific region. Summary Former Bitcoin miner Firmus has raised $2 billion in fresh equity, lifting its valuation above $10.5 billion. Blackstone, Nvidia, Coatue and Jane Street participated in the funding round to support the company’s AI infrastructure expansion. The new capital will accelerate Project Southgate in Australia while funding early expansion into Indonesia and other Asia Pacific markets. The raise…

Blanket, an independently developed AI tool, is using Kalshi’s regulated event-contract markets to help small businesses identify and hedge operational risks. Summary Blanket analyzes business risks tied to weather, energy prices, tariffs, elections and other events. The tool recommends relevant Kalshi event contracts but does not execute trades or hold customer funds. Independent fintech entrepreneur Lauris Zminsky developed Blanket, which is not an internal Kalshi product. The launch comes as Kalshi expands its institutional services and strengthens its market-surveillance controls. Blanket matches business risks with Kalshi contracts Blanket is designed to evaluate the risks facing a business and identify Kalshi…

Coinbase CEO Brian Armstrong said crypto adoption will continue through stablecoins, tokenization and expanding digital asset markets despite the Senate delaying the CLARITY Act. Summary Armstrong said crypto momentum continues regardless of the congressional timetable. Senate leaders postponed the CLARITY Act vote until September after negotiations failed to produce an agreement. Stablecoin rewards, political ethics and illicit finance safeguards remain central points of dispute. Coinbase shares closed Friday at $153.60, gaining about 5.7% during the session. Armstrong points to adoption beyond Congress Armstrong described the Senate’s failure to advance the CLARITY Act before its August recess as disappointing but argued…

A wallet linked to the Aztec Private Rollup Bridge exploit deposited another 300 ETH into Tornado Cash, bringing its total transfers to the mixer to 500 ETH. Summary The exploiter sent another 300 ETH, worth about $572,000, to Tornado Cash. Total deposits linked to the wallet have now reached 500 ETH, worth about $953,000 at the reported price. The Private Rollup Bridge lost approximately $2.165 million in a June exploit. Aztec said the affected legacy product was separate from its current network and AZTEC token. Aztec exploiter deposits 300 ETH into Tornado Cash Blockchain security firm PeckShield reported on Aug.…

The U.S. Senate has initiated the process for considering the CLARITY Act, setting up an initial procedural vote after lawmakers return from their August recess. Summary Senate leadership filed a motion to begin considering the CLARITY Act late Friday. The procedural step positions the bill for an initial vote in September. Negotiations remain divided over ethics, enforcement and stablecoin rewards. The legislation needs 60 Senate votes to overcome the chamber’s cloture threshold. CLARITY Act moves toward September vote Senate Majority Leader John Thune submitted the motion after a late-night voting session, according to reports released Saturday. The timing prevented the…

Morgan Stanley’s spot Bitcoin ETF added approximately 232.5 BTC worth $15.05 million as Bitcoin traded below $65,000, lifting the fund’s holdings above 6,500 BTC for the first time. Summary MSBT added 232.5 BTC, valued at approximately $15.05 million, according to Arkham. The fund’s holdings increased to 6,563 BTC worth more than $426 million. BlackRock, Fidelity and Franklin Templeton also accumulated Bitcoin during the recent market weakness. MSBT launched in April with a 0.14% annual management fee. Morgan Stanley’s Bitcoin ETF adds 232 BTC Blockchain intelligence platform Arkham reported that the Morgan Stanley Bitcoin Trust increased its holdings by approximately 232.548…