Latest Crypto News & Market Updates

Bitcoin Holds $77K as Bulls Keep Augusts Best Week in Play

Bitcoin held above $77,000 after touching a multi‑month high near $79,500, positioning the asset for its strongest week of August.　　Key TakeawaysBitcoin surged past $65,000 resistance to reach a multi-month peak of $79,491 before settling near $77,300.Coinglass data showed the rally wiped out $709 million in BTC short bets out of $1.13 billion marketwide.Peter Schiff noted inflation hedges rising as prediction markets bet BTC will finish 2026 in the green.　　Bitcoin Consolidates Near $77,000 After Multi-Month Peak　　Bitcoin (BTC) appeared to consolidate above $77,000 hours after reaching a multi-month peak. Despite the retreat, bitcoin remained on course to close the week with its highest gains in August so far, as it finally broke the $65,000 resistance level following weeks of failed attempts.　　However, before the surge to the monthly peak, market data showed bitcoin rallied to $75,500 around 9:50 p.m. Thursday before a sell-off wave dragged it toward $74,000. Just over four hours later, the cryptocurrency was back above $75,500 as another massive rally pushed it to $79,491.　　However, bulls backed off as bitcoin failed to hold its approach toward $80,000, slipping back under $77,000 and chopping sideways in that band. At 12:30 p.m. EST, bitcoin traded just above $77,300, translating to a daily gain

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Strategy Swings From $13 Billion Bitcoin Loss to $1.4 Billion Profit as BTC Rallies

In briefStrategy is sitting on roughly $1.4 billion in unrealized gains on its Bitcoin holdings.The company holds 840,447 BTC acquired at an average price of $75,385.Bitcoins rally follows months of pressure that pushed Strategys position roughly $13 billion underwater in July.　　Michael Saylors Bitcoin treasury company Strategy is back in the black on its massive Bitcoin holdings after a five-day rally pushed BTC above the companys average acquisition price.　　The company holds 840,447 BTC, worth around $64.97 billion. With Bitcoin trading around $77,000, Strategy is sitting on an unrealized gain of roughly $1.4 billion, or 2.4%.　　Myriad: Will Strategy hold over 1M BTC？ Click to make your prediction.　　The turnaround is a sharp reversal from July, when Bitcoin fell to roughly $58,000, and Strategys holdings were about $13 billion underwater. Bitcoin remains well below its October all-time high of $126,000.　　Strategy shares rose roughly 10% in Friday pre-market trading to $120, their highest level in two months.　　The rebound follows a shift in how Strategy manages its Bitcoin treasury. The company has sold 6,948 BTC for roughly $432.5 million since May after years of Executive Chairman Michael Saylor championing a “never sell” approach.　　Strategy sold 1,690 BTC for $109 million during the week ending August 9, using

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Crypto Biz: Treasury‘s ’Not-QE playbook sends Bitcoin higher

Bitcoin and the broader digital asset market got a taste of “not-QE” this week — and liked it.　　The price of Bitcoin (BTC) jumped more than 23% toward $79,000 and Ethers price crossed $2,400 after the US Treasury moved to double certain long-dated bond buybacks, adding fuel to an increasingly important question for digital asset markets. If Washington keeps finding new ways to support liquidity without technically embarking on quantitative easing, could Bitcoin and other risk assets become some of the biggest beneficiaries？　　That question is already shaping business decisions across crypto. Standard Chartered sees Bitcoin heading toward $100,000, Metaplanet is taking its Bitcoin treasury strategy to the US and Cypherpunk Technologies is making a $33 million bet on Zcash mining.　　Standard Chartered analyst sees Bitcoin reaching $100,000 as Treasury buybacks expand　　Standard Chartered analyst Geoff Kendrick said Bitcoin could reach $100,000 by year-end as the US Treasury doubles long-end bond buybacks, a move he described as “exactly the type of thing Bitcoin loves.”　　Kendrick said in a client note that BTC‘s key technical level is $65,500 and breaking above it could confirm the cycle low is in. He cited Wednesday’s Treasury plan to at least double buyback operations for 10- to 20-year and 20-

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Digital Asset, Paul Ryan foundation target US state benefits with Canton pilot

Digital Asset, the creator of the Canton Network, and former US House Speaker Paul Ryans American Idea Foundation plan to pilot a blockchain-based system for distributing state-administered benefits across three US states using the Canton Network.　　The RISE program is expected to launch in the first quarter of 2027 and would combine multiple benefits into monthly or twice-monthly payments, with spending rules applied to categories including food, child care and cash.　　According to Fridays announcement, the system would automatically adjust benefit levels as household income changes and allow participating agencies to track payments, balances, spending and compliance data through Canton. Digital Asset said Canton would coordinate the rules, permissions and transactions used to distribute benefits while limiting access to sensitive information.　　Ryan said the pilot is intended to reduce penalties that can occur as benefit recipients incomes rise:　　By combining fragmented benefits, reducing penalties as families earn more, and rigorously measuring results, these pilots can help show what a modern safety net should look like.　　The companies did not name the participating states or specify which benefit programs would be included, and said the pilots remain subject to federal approval.　　Related: FalconX, Interstice Connect Canton to Ethereum, Solana and Robinhood Chain　　Canton expands government-linked use cases　　The RISE

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ZK proving must move beyond GPUs as AI tightens compute supply, Cysic CEO says

ZK proving has begun competing with trillion-dollar AI data centers for the same GPUs, raising proof costs even as Cysic reports a 9% performance gain from improving hardware use.　　SummaryCysic says inefficient GPU use, rather than inadequate raw computing power, now drives proving costs.ZK workloads compete with AI for Nvidia GPUs despite relying on different mathematical operations.Real-time Ethereum proving and ZK-rollups could face higher costs before consumer applications do.Cysic expects the squeeze to speed up adoption of FPGAs, ZK-specific ASICs and open prover markets.　　Cysic founder and CEO Leo Fan told crypto.news that GPU use has become a binding constraint for zero-knowledge proving because proof systems now compete with heavily funded AI data centers for the same silicon.　　“AI models are converging. Compute isn‘t. Everyone assumed proving costs would fall because chips get cheaper. Instead, we’re bidding against trillion-dollar data centre budgets for the same silicon. Thats why the hardware layer had to be opened up rather than left to a handful of proprietary provers.”　　The pressure does not come from a lack of computing capacity alone, according to Fan. He said the main problem is an architectural mismatch between zkVM software and the accelerators used to generate proofs, which leaves part of the

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Bitcoin ETFs Just Had Their Biggest Day Since May—BlackRock Took 83% of It

In briefU.S. spot Bitcoin ETFs took in $606.29 million on August 20, their largest single-day haul since May 1 and a fourth straight day of inflows.BlackRocks IBIT accounted for $502.99 million of that—about 83%, up from 55% the day before, while VanEcks HODL posted an outflow.Ethereum funds added $221 million, XRP $13 million, and Solana $15 million, with every listed asset drawing money.　　U.S. spot Bitcoin ETFs pulled in $606.29 million on Thursday, their biggest single-day haul since May 1, according to SoSoValue. That beats Wednesdays $517.19 million and extends the inflow streak to four sessions.　　The four-day run—$297.56 million Monday, $189.30 million Tuesday, then Wednesday and Thursday—comes to roughly $1.61 billion in all. August now stands at $2.07 billion, the best month of 2026, beating Aprils $1.97 billion, with seven trading sessions left to close the gap.　　One fund took almost all of it　　Bitcoin ETFs are financial instruments that give investors exposure to an asset without directly owning it. In the case of Bitcoin ETFs, the issuer of the fund holds the coin, and the investor owns a 1:1 equivalent, gaining exposure to the price of Bitcoin in real time.　　Myriad: Bitcoin price next move？ Click to make your prediction.　　These funds have been

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Solana Company rejects SOL inflation and fee plans

Solana Company has backed Solanas proposed constitution while opposing two economic plans that could cut token issuance by 18.9 million SOL and raise daily token burns as voting opens on Aug. 22.　　SummarySolana Company will support SGP-0001 and vote against SGP-0002 and SGP-0003.SGP-0002 could reduce projected SOL emissions by 18.9 million tokens over six years.The Nasdaq-listed company said changing staking and fee rules could discourage institutions.Successful governance votes would guide policy but would not automatically activate either proposal.　　The company said in an Aug. 21 press release that it will vote for SGP-0001, known as the Solana Constitution, while opposing SGP-0002, the Double Disinflation Rate proposal, and SGP-0003, the Resource and Inclusion Fee proposal.　　On-chain voting for the first three Solana Governance Proposals is expected to begin on Aug. 22. Solana Company, which trades on Nasdaq under the HSDT ticker, operates institutional validator infrastructure across the Asia-Pacific region and earns staking revenue from its SOL treasury.　　Its support for SGP-0001 rests on the proposed constitutions voting structure. Under the system, staking participants receive transparent votes weighted by their stake, while token holders retain the power to override votes cast by the operators managing their delegated SOL.　　According to the company, the structure gives financial institutions

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Behind 22% LINK Rally: What Chris Barrett Meant by 'You Can't Spell Chainlink Without AI'

Chainlinks native token (LINK) is ending the week with a strong 22.05% gain, reaching $11.45 on TradingView. Positive capital momentum has been building over the past seven days amid hearings before a CFTC advisory committee and the commercial rollout of the projects new AI platform.　　LINK price chart and Chris Barretts post on X. Source: TradingView　　Commenting on these developments, the companys communications director, Chris Barrett, quipped on social media today: “You cant spell Chainlink without AI.” The play on words directly refers to the projects infrastructure expansion into the autonomous machine sector.　　Inside Chainlinks move into AI and U.S. regulation　　The developers are targeting practical demand as AI systems and robots operating 24/7 cannot rely on the traditional banking system because of its delays and limited operating hours.　　Launched in mid-August under the mission “The Onchain Engine for the Agentic Economy”, the Chainlink for Agents platform addresses the problem of machine payments by serving as a verified data layer for AI agents settling transactions in stablecoins through the CCIP protocol.　　The practical value of these rails is confirmed by the speed of their commercial adoption: Robinhood and BitGo have already begun integrating the AI layer.　　At the same time, Chainlinks leadership is building a regulatory foundation

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Solana cuts blockchain slot time to 350 milliseconds

Solana reduced its slot time to 350 milliseconds, marking the first such reduction since the inception of the network, according to the Solana Foundations vice president of technology, Jacob Creech.　　“Were in a new era of 350ms. Next stop, 300ms,” Creech said in a Friday X post.　　Average slot times on Solana stood at 360ms at press time, down from the networks original 400ms target, according to the Solana slot time explorer.　　In June, the Solana Foundation shared plans to reduce slot times from 400ms to 200ms, arguing that it would improve latency and accelerate confirmations on the blockchain network. Three further 50ms reductions are planned.　　All four stages are targeted for mainnet activation in Agave v4.2, a validator client developed by Anza, though the schedule is tentative.　　SIMD-0525, the proposal establishing the shorter slot times, was approved and merged on May 14.　　Magazine: Efforts to bulletproof Ethereum are paying off in user metrics

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Binance says employees questioned in UAE cleared and released

Binance employees detained in the United Arab Emirates were cleared and released after providing statements about third-party fund flows through a company client money account, a spokesperson for the exchange told Cointelegraph.　　The New York Times reported Thursday that two Binance employees were detained after being stopped at airports in the UAE amid police inquiries into possible financial crimes involving the exchange.　　The employees were not the targets or subjects of what Binance described as “routine inquiries.”　　“Cryptocurrency and the mechanics of institutional client money accounts remain emerging concepts in many jurisdictions; we are working constructively with Dubai Police and authorities across other Emirates to establish clear, appropriate coordination procedures,” the spokesperson said.　　In 2024, Nigerian authorities detained Tigran Gambaryan, then Binances head of financial crime compliance, for eight months while he faced money laundering charges.　　By October 2024, the Nigerian government had dopped all charges against Gambaryan.　　Magazine: How the EUs crypto tax rules are expected to work for users and platforms

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