Latest Crypto News & Market Updates

Bitcoin whale moves $86M after 11 years of dormancy

A group of Bitcoin wallets dormant since 2014 has transferred 1,214.42 BTC worth about $86 million as the cryptocurrency traded near a weekly high of $72,400.　　Dormant Bitcoin wallets move $94 million　　Bitcoin.com reported on Aug. 20, citing btcparser.com data, that 28 long-inactive wallets moved a combined 1,314.41 BTC between Aug. 19 and Aug. 20.　　The Bitcoin was worth approximately $94.03 million at the time of the transactions. Wallets created in 2014 accounted for 1,214.42 BTC, or 92.4% of the total, with the coins valued at about $86 million.　　Rather than moving through one large transaction, much of the activity appeared in matching amounts. Twenty-one transfers each carried 50 BTC from addresses created in November or December 2014, according to the report.　　Several transactions were recorded in the same Bitcoin blocks, including block 963203. Their timing, matching sizes, and common address format suggest that the wallets may have been controlled by one or a small number of holders, although the available blockchain data does not establish their ownership.　　Alongside the 2014 coins, three wallets created in 2016 transferred a combined 79.99 BTC. Two addresses dating to 2017 moved another 20 BTC during the same 24-hour period.　　The report said another wallet, first seen on Dec. 26, 2014,

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Binance Employees Detained in UAE Despite $2 Billion Emirati Backing

Binance runs its global exchange under Abu Dhabis regulator. Emirati police still detained two of its employees over financial crime inquiries, the New York Times reported.　　All have been released. A third staff member, who leads the companys Dubai arm, answered questions at a police station in July.　　Sponsored　　Sponsored　　A Foothold Built on Licenses and State Money　　The Emirates is not a side market for Binance. It is the base.　　Abu Dhabis Financial Services Regulatory Authority granted the exchange three licenses on December 8. No other crypto exchange had won a global license under that framework. The permissions went live on January 5.　　The money runs just as deep. State-backed fund MGX invested $2 billion in March 2025. It paid in USD1, a stablecoin from World Liberty Financial, a venture the Trump family part-owns.　　The relationship even shapes policy. Binance has cited its Abu Dhabi licensing rules to explain why it now handles some foreign police requests differently.　　Airport Stops and an Overnight Hold　　Two workers were pulled aside at Emirati airports, people familiar with the inquiries said. One midlevel employee passed through Sharjah this month. Officers took him to a station and held him overnight.　　What police are chasing is unclear. Binance told the Emirati government that its staff

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Bitcoins $73K push may hinge on ETF demand: Analysts

Bitcoin has climbed toward $73,000 after a record short squeeze and falling U.S. Treasury yields powered an 11% rally, but analysts have warned that continued ETF and spot demand will decide whether the breakout holds.　　Bitcoins short squeeze has accelerated the breakout　　Nansen Senior Research Analyst Nicolai Søndergaard told crypto.news that forced short covering accelerated Bitcoins rise, although institutional demand and improved liquidity conditions had already given the market an upward bias.　　“Bitcoins move above $70,000 reflects a combination of forced short covering, renewed institutional demand and a more supportive liquidity backdrop,” Søndergaard said.　　Bitcoin traded near $72,600 after reaching about $72,800 on Aug. 20, extending a rally that began when the price cleared resistance around $65,000 and $67,000. The asset had spent roughly six weeks inside a narrow range before the breakout caught bearish traders positioned for another decline.　　CoinGlass data showed that more than $1 billion in Bitcoin shorts were liquidated within about one hour. Across the crypto market, short liquidations reached approximately $2.7 billion over 24 hours, the largest total in records dating to 2021. Shorts accounted for about 92% of almost $3 billion in total liquidations across more than 172,000 traders.　　As reported earlier on Thursday, Bitcoin gained 11.4% in 24 hours

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Bitcoin Is Pumping But Prediction Market Traders Aren't Convinced

In briefBitcoin traded at $71,556 on Thursday, up 3.26% on the day and inside a $68,858–$72,408 band,The move extends a Wednesdays 8.7% rip.On Myriad, the “pump to $84K or dump to $55K” market sits at a near 50-50 chances after leaning roughly 70% toward the dump days earlier.　　Bitcoin traded at $71,556 on Thursday, up 3.26% on the day, as bulls attempt to break the bearish trend for the first time in months. Sentiment across the market has clearly shifted, but traders on prediction markets dont appear convinced just yet.　　Today‘s move extends Bitcoins sharpest rally in five months, with yesterday’s performance being the strongest one-day jump since March 4 and its highest price since June 1.　　Myriad: Bitcoin price next move？ Click to make your prediction.　　Prediction markets turn crowd bets into live odds, and on Myriad, a market run by Decrypts parent company Dastan, traders were leaning roughly 70% toward a dump to $55,000 just days ago. By Wednesday afternoon the odds had collapsed to a near coin flip: about 52% on the bullish $84K side, 48% on the bearish $55K.　　But the skepticism isnt uniform, and the odds will vary across markets. Polymarkets flagship 2026 price market was pricing a 56% chance

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Ethos to auction 20% of WHUF supply from $1M FDV

Ethos Network has scheduled a September 1 auction for 20% of the WHUF token supply, setting its opening fully diluted valuation at $1 million and its maximum valuation at $99 million.　　Summary20% of the total WHUF supply will be offered through the September 1 auction.Bidding will begin at a $1 million FDV and cannot exceed a $99 million FDV.Buyers can qualify for protection covering 85% of their purchase price for 12 months.Contributor XP and qualified referrals will determine additional token rewards.　　Ethos Network said in an Aug. 20 X post that registration had opened for the WHUF auction, which includes added rewards tied to Contributor XP and participant referrals.　　“Hello, Whuffie,” the protocol wrote while introducing WHUF and listing the main auction terms.　　Under the announced limits, selling 20% of the supply at a $1 million FDV would value the auctioned portion at $200,000. The same allocation would be worth as much as $19.8 million at the $99 million cap, based on the relationship between the offered supply and the stated valuation range.　　Ethos has not disclosed how much capital it expects to raise because the final amount will depend on bids submitted during the auction. The announcement also did not provide a final token

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CFTC Chair Readies Crypto Rules If Congress Fails to Pass Clarity Act

In briefCFTC Chair Michael S. Selig directed staff to explore crypto market structure rules using the agencys existing authority.Selig said he will direct staff to formally propose the rules if the Clarity Act remains stalled in Congress.The potential framework could cover crypto exchanges, leveraged trading, and on-chain finance protocols.　　Commodity Futures Trading Commission Chair Michael S. Selig has directed agency staff to begin developing crypto market structure rules, preparing the regulator to act if Congress fails to pass the Clarity Act.　　Speaking Thursday at the inaugural meeting of the CFTCs Innovation Advisory Committee, Selig said passing bipartisan market structure legislation remains his preferred path. If the bill remains stalled, however, he said the CFTC will use its existing authority to establish a regulatory framework for crypto markets, calling it “the most important step towards future-proofing this industry is passing this bipartisan bill.”　　Myriad: Will the Clarity Act be signed into law in 2026？ Click to make your prediction.　　The Clarity Act would establish a federal framework for digital assets and clarify the CFTC and SECs roles in overseeing crypto markets. Selig said legislation would make those rules harder for a future administration to reverse.　　“Passing Clarity is the surest way that we can prevent another

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XRP Outperforms Every Token Within Top 100

XRP has emerged as the strongest-performing cryptocurrency among the top 100 assets by market capitalization over the past 24 hours, according to CoinGecko data.　　At press time, the token was trading around $1.26 after gaining 24% in 24 hours, putting it ahead of every other top-100 asset listed in the snapshot. XRP has also climbed 31% over the past seven days, extending a move that has accelerated sharply in the latest session.　　The rally stands out even among a group of large-cap cryptocurrencies posting double-digit gains. Hyperliquid (HYPE) was the second-best performer on the 24-hour timeframe shown, rising 19.4%, while Ethena (ENA) gained 18.8% and Pump.fun (PUMP) advanced 18.6%. Pepe (PEPE) followed with a 17.6% gain, while Filecoin (FIL), Dogecoin (DOGE) and Cronos (CRO) rose 16.7%, 14.2% and 13.7%, respectively.　　The magnitude of XRPs move is particularly notable given the tokens market size (it is the fifth-biggest cryptocurrency). With roughly $79.15 billion, its 24-hour trading volume has reached approximately $6.34 billion.　　Digital Currencies　　Massive trading activity　　South Korean traders appear to be the main force behind the rally based on the volume recorded by Upbit, the countrys largest cryptocurrency exchange.　　XRPs 24-hour trading volume on Upbit had surpassed $399 million.　　XRP has historically attracted particularly strong retail trading

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Alibaba's Revenue Jumps 9% as AI Cloud Growth Hits 45%—But a Profit Plunge Sends Shares Lower

In briefAlibabas fiscal first-quarter revenue rose 9% year-over-year to 268.95 billion yuan ($40 billion), narrowly beating the 268.88 billion yuan analyst estimate, while net income fell 75% to RMB 10.44billion ($1.6 billion).Alibaba Clouds external revenue growth accelerated to 45%, and AI-related product revenue logged its 12th straight quarter of triple-digit growth, reaching 12.38 billion yuan ($1.82 billion).Capital expenditure jumped 75% to 67.7 billion yuan ($10 billion), pushing free cash flow to a $6.6 billion outflow; U.S.-listed shares fell as much as 5% before paring the drop to roughly 3.5%.　　Chinese tech titan Alibaba reported fiscal first-quarter revenue of 268.95 billion yuan, roughly $40 billion, on Thursday, up 9% year-over-year and slightly ahead of the 268.88 billion yuan analysts expected.　　Its the fastest quarterly growth rate the company has posted in roughly three years. Almost all of it traces back to one business line: cloud and AI.　　Myriad: What will Elon Musks net worth be by August 31？ Click to make your prediction.　　The cloud division is where the growth is coming from. Alibaba Clouds external revenue growth accelerated to 45%, and AI-related product revenue hit 12.38 billion yuan ($1.82 billion)—its 12th consecutive quarter of triple-digit year-over-year growth. CEO Eddie Wu attributed the quarters strength

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Crypto PAC notches primary wins, but loses $2M Florida race

Update (Aug. 19, 8:27 pm UTC): This article has been updated to clarify that Lois Frankel won the Democratic primary in Floridas 23rd congressional district and not re-election.　　Four of the five candidates supported by ads funded by the cryptocurrency-aligned political action committee (PAC) Fairshake won their primaries or otherwise advanced on Tuesday, potentially a bellwether for the industrys influence in the 2026 midterm elections.　　On Tuesday, Democratic and Republican candidates supported by media funded by the Fairshake-affiliated PACs Protect Progress and Defend American Jobs, respectively, notched wins across three US states. Altogether, the PACs spent about $3.6 million on House and Senate races in Alaska, Florida and Wyoming.　　Democrat Lois Frankel won her primary in Florida‘s 23rd congressional district after Protect Progress spent more than $150,000 on supportive media. Defend American Jobs also spent a combined $1.5 million on ads to support Republican Nick Begich in Alaska’s at-large congressional district, Republican candidate Sydney Gruters in Floridas 16th congressional district and Representative Harriet Hageman for the US Senate in Wyoming. Gruters and Hageman won their primaries, while Begich is expected to advance in Alaska.　　All four candidates will likely go on to face challengers in the 2026 midterms in November, but a Democrat in

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Most Americans say the Trump family‘s crypto investments are not ’appropriate: Poll

A new poll conducted by Reuters/Ipsos found that a majority of respondents in the US believed it was not “appropriate” for US President Donald Trump and his family to earn through cryptocurrency investments while in office.　　According to the results of the poll of 1,166 people between Aug. 14-17, 63% of the respondents said it wasnt appropriate for Trump and his family to earn money from crypto. Notably, 69% of Republicans polled said it was appropriate, while an overwhelming majority of Democrats, 92%, responded negatively.Source: Reuters　　A June report from the US Office of Government Ethics disclosed that Trump had earned $1.4 billion from investments related to crypto in 2025, including through his family‘s World Liberty Financial company and his memecoin, Official Trump (TRUMP). White House spokesperson Anna Kelly has repeatedly said in response to requests for comment on Trump’s crypto investments that there were “no conflicts of interest.”　　Several lawmakers have called for investigations and additional information from government agencies over World Liberty and the Trump family investments. In July, Senate Minority Leader Chuck Schumer said he had introduced legislation to create an agency focused on addressing corruption at the federal level, calling out the presidents “various, and extremely lucrative, cryptocurrency ventures.”　　On

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