Ray Dalio says to buy ‘a bit’ of Bitcoin amid potential debt crisis

The founder of the Bridgewater Associates hedge fund, Ray Dalio, called on investors to put money into gold and “a bit of Bitcoin” in response to a looming debt crisis.  In a Friday LinkedIn post, Dalio said having between 10% to 15% of ones portfolio in gold could help reduce risk. He advocated for gold and Bitcoin (BTC) as assets to be overweight compared to debt assets like bonds, citing risks from “internal political and external geopolitical conflicts.”  “My guess, which I suppose will be a bad one, is that [a US debt crisis] will come in three years, give or take two, if the course were on is not changed,” said Dalio.  The Bridgewater Associates founder, with an estimated net worth of more than $15 billion, has previously argued that Bitcoin could not replace gold as a store of value and warned about privacy concerns and threats from quantum computing. His Friday comments echoed those from July 2025, when he said he held some, “but not much” Bitcoin, and recommended holding up to 15% in the cryptocurrency and gold.  In 2022, months before a significant crypto market downturn, Dalio said that holding between 1% to 2% of BTC in ones portfolio was “reasonable.”  Related:

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Galaxy says Reg Crypto could end token legal ambiguity

Galaxy Research has said the SECs proposed Reg Crypto framework could give hundreds of existing tokens a formal route out of investment contract status.  SummaryThe SEC expects about 475 issuers each year to use the proposed safe harbor.Galaxy said the exit process could matter more initially than the two fundraising exemptions.Reg Crypto would permit qualifying offerings of up to $5 million or $75 million.Public comments on the proposed rules are due by Oct. 20.  Galaxy Research, in an Aug. 21 analysis, said the proposal could replace years of uncertainty over when an investment contract tied to a token ends with a filing and a recorded date.  Alex Thorn, Galaxys head of firmwide research, said the first visible effect could be the resolution of securities-law questions surrounding tokens already in circulation, rather than a fresh wave of public token sales.  The SEC estimated that about 475 issuers would file transition reports under the investment contract safe harbor each year. By comparison, the agency expects approximately 130 annual offerings across the proposals two new fundraising exemptions.  According to Galaxy, the difference suggests that existing projects may have more immediate use for the exit process than new issuers have for the fundraising routes.  “Reg Crypto could provide meaningful regulatory

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Wall Street and Washington Fuel Bitcoin Rally: Here's What's Going On

In briefBitcoin surged above $79,000 Friday as ETF inflows, macro conditions and developments in Washington boosted demand.U.S. spot Bitcoin ETFs attracted more than $1 billion over two days as institutional demand picked up.Billions of dollars in short positions were liquidated as Bitcoin rallied, accelerating the move higher.  Bitcoin surged above $79,000 Friday as renewed institutional buying, improving macro conditions and a friendlier regulatory outlook in Washington collided with billions of dollars in short liquidations.  The rally has pushed Bitcoin sharply higher this week, but analysts say the move began taking shape before the latest breakout.  Myriad: Will the Clarity Act be signed into law in 2026? Click to make your prediction.  “Bitcoins move looks like a convergence of three forces,” Lacie Zhang, research analyst at Bitget Wallet, told Decrypt.  Those forces, Zhang said, include a more supportive macro backdrop, declining regulatory risk in Washington and stronger spot demand. Zhang pointed to the Treasurys expanded long-dated buyback plan, which she said weakened the dollar and revived the “debasement trade” across Bitcoin and gold. At the same time, the administration of Donald Trump pushed for crypto market-structure legislation, which helped reduce regulatory uncertainty.  The third piece, spot demand, has been reflected in renewed ETF buying.  “U.S. spot Bitcoin ETFs

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US rule rewrite looms for $200B on-chain venue Hyperliquid as Trump signals onshore approval

President Donald Trump said Aug. 19 that CFTC Chair Michael Selig is working to bring Hyperliquid to the US in a fully compliant, legal way.  Hyperliquids official interface currently keeps US persons off the platform, part of the regulatory geography that let cryptos largest perpetual futures venue grow up outside American oversight.  Hyperliquid processed over $114 billion of perpetual futures trading volume in August and carries open interest above $10 billion. It has crossed $5 trillion in cumulative perpetual volume and generates close to $50 million in protocol fees every month.  Hyperliquids perpetual volume fell sharply in August while open interest climbed toward $12 billion after rising steadily since February.  $HYPE rallied past $70 again for the first time since early July, up 20% since Trumps remarks.MetricApproximate figureWhy it matters30-day perpetual volume~$200BShows active trading scaleOpen interest$10B+Shows the size of live leveraged exposureCumulative perpetual volume$5T+Shows long-term market relevanceMonthly protocol fees~$50MShows the economic value of U.S. access$HYPE move after Trump remarks+20%Shows the market interpreted the comment as material  Seligs own remarks are the real policy hook  Speaking to the agencys Innovation Advisory Committee on Aug. 20, Selig said that if the CLARITY Act stalls in Congress, the CFTC will use its existing authority to start building a crypto

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Kraken may be testing a compliant HIP-3 DEX on Hyperliquid

A Hyperliquid testnet deployer using Krakens name has whitelisted 10 wallets and tested three compliance controls, raising the possibility that the centralized exchange has been experimenting with a permissioned HIP-3 market.  Summary10 wallets have been approved to use the test deployment through a gating system.Three of the five observed controls have been tested, including forced position reductions and collateral transfers.Kraken has not confirmed that it owns or operates the testnet deployment.HIP-3 lets outside builders run perpetual markets through Hyperliquids trading infrastructure.  Blockworks analyst Shaunda Devens reported on Aug. 22 that a deployer called “Kraken HIP-3 test DEX” had activated a permission system known as Star gating on Hyperliquids testnet on Aug. 19.  Will Kraken Be the First Compliant HIP-3 Deployer?  In line with the regulatory approach we just laid out, Hyperliquid keeps adding testnet functions that would enable compliant use. In addition to whitelisting, new observed features would allow a deployer to cancel a users… https://t.co/FJJIfxpzBx pic.twitter.com/sCteKU89rP  — shaunda devens (@shaundadevens) August 21, 2026  The deployment has added 10 wallets to its approved-user list and tested three of five compliance controls observed on the testnet, according to Devens. A validator has also been registered under the name “Kraken Exchange Validator.”  Krakens connection to the HIP-3 test remains

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AVAX One CEO says $35.1M quarterly loss masks growth in its staking and treasury business

AVAX One interim CEO Pete Wylie has said $33 million in non-cash charges accounted for most of the companys $35.1 million second-quarter loss as staking helped revenue rise to $2.8 million.  SummaryAVAX Ones adjusted net loss was $2.2 million after excluding $33 million in non-cash charges.Staking generated $2.1 million as quarterly revenue rose from approximately $500,000 to $2.8 million.The company held 14.09 million AVAX and equivalents, with roughly 95% actively staked.Wylie said AVAX One favors established yield partners and maintains a conservative approach to debt.  AVAX One interim CEO Pete Wylie told crypto.news that the reported loss did not capture the operating performance of the companys staking, mining and digital infrastructure businesses.  “The $35.1 million number can be attention-grabbing, but it does not tell the full story,” Wylie said.  “It includes about $33 million of what are called non-cash charges, most of that being an unrealized markdown based on current prices for the AVAX we continue to hold and accumulate.”  After removing the non-cash items, AVAX One reported an adjusted net loss of $2.2 million for the quarter. Wylie said the adjusted figure provided a clearer view of the operating business, although the company‘s reported results remain closely tied to AVAX’s market value.  You might also

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Solana Just Got Faster—Is It Bullish for SOL?

In briefThe Agave v4.2 client turned on the first 50ms slot-time cut, from 400ms to 350ms, this week.  I- ts step one of four under the approved SIMD-0525 proposal, each gated to a later epoch so the network can pause if block-skip rates rise.Solanas goal is a 2x faster confirmation and tighter leader windows that double as a censorship-resistance measure.  The speedy Solana network just got faster, upgrading the way transactions on the network are processed for the first time since genesis. What it means is applications on Solana will now confirm transactions a bit quicker—increasing the efficiency of its “internet capital markets” across the network. Does it bode well for investors in the networks native token SOL?  First, heres what the upgrade does, from a technical perspective: Solana validators running the Agave v4.2 client flipped on the first of four scheduled slot-time reductions this week, dropping the networks base timing from 400ms to 350ms, meaning confirmations now take a lot less.  Myriad: Where does Solana price go next? Click to make your prediction.  The change is the first cut to Solanas slot length since genesis, and its the opening move in a plan to reach 200ms. For context, thats far shorter than Bitcoins ~10-minute

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Washington Goes All-In on Crypto: Trump Pushes Clarity, SEC Rules, and CFTC Warnings

In briefIn a packed week, Trump hosted crypto executives at the White House and pressed Congress to pass a “fair version” of the Clarity Act—a nod to disputed ethics provisions he says single him out.At the CFTCs inaugural Innovation Advisory Committee meeting, Chairman Mike Selig framed the bill as protection against “another Gary Gensler” but warned that if Clarity stalls over “Democratic obstruction,” the agency will use existing authorities to build its own crypto regime, having already directed staff to explore rules.The SEC formally proposed Regulation Crypto Assets—allowing certain offerings up to $5 million over four years or $75 million annually without full registration, plus a conditional safe harbor.  Washingtons usual August lull disappeared this week.  The SEC unveiled its first crypto-specific rulemaking proposal on Tuesday, President Donald Trump hosted industry executives at the White House on Wednesday, and the CFTC convened the inaugural meeting of its Innovation Advisory Committee on Thursday.  Myriad: Will the Clarity Act be signed into law in 2026? Click to make your prediction.  President Trump had a clear message for the crypto execs invited to the oval office: Pass the Clarity Act  Industry executives left Wednesday‘s White House meeting with renewed optimism about the Clarity Act’s prospects. Trump urged Congress

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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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