Latest Crypto News & Market Updates

Bitcoin eyes $81K as Nvidia earnings beat boosts risk assets

Bitcoin (BTC) rebounded toward $81,000 around Thursdays Wall Street open as Nvidia earnings boosted US stocks.　　Key points:Bitcoin reclaims $80,000 as $96.2 billion Nvidia earnings provide a boost to crypto and US equities.Expectations are running high ahead of Fed chair Kevin Warshs keynote speech at the Jackson Hole economic symposium on Friday.Bitcoin analysis sees sell-side pressure lessening above $82,000 ahead of the $6.6 billion August options expiry.　　Nvidia earnings beat sends stocks, crypto higher　　Data from TradingView showed new local highs of $80,808 for BTC/USD, with bulls again seeking to cement the $80,000 mark as support.　　BTC/USD one-hour chart. Source: Cointelegraph/TradingView　　Nvidia surprised to the upside after Wednesday trading, posting Q2 earnings of $96.2 billion — nearly $4 billion more than expected. On Thursday, its stock surged more than 9% and its market cap gained over $400 billion, with the tech-heavy Nasdaq Composite Index 1% higher at the time of writing.　　“Nvidia is now on track to post the 3rd largest single-day market cap gain by a stock in history,” trading resource The Kobeissi Letter wrote in a reaction on X.　　Nvidia stock one-day chart. Source: Cointelegraph/TradingView　　Markets are now turning to the US Federal Reserve‘s Jackson Hole economic symposium, already underway, ahead of chair Kevin Warsh’s keynote

08-28Industry

California Senate passes bill to ban memecoin issuance by public officials

California lawmakers passed a bill restricting public officials involvement with memecoins, citing concerns around conflicts of interest and “pay-to-play arrangements.”　　The California Senate passed Assembly Bill 2409 in a 40-0 vote on Wednesday, according to Legiscan data. The Assembly subsequently voted 78-0 to concur in the Senate‘s amendments. The bill entered the enrolled stage and awaits the governor’s signature.　　The bill would prohibit digital asset service providers from offering California residents memecoins issued on or after Jan. 1, 2027, that are offered by or in partnership with federal public officials or state or local public officers. The bill defines memecoins as digital assets whose value is derived primarily from public interest, speculation or community engagement.　　Investors in the US president-linked Official Trump (TRUMP) memecoin are an estimated $3.2 billion underwater, with most of those losses unrealized, according to a Thursday report from nonprofit consumer advocacy organization Public Citizen.　　The TRUMP token ranks as the fifth-largest memecoin with a $688 million market capitalization. The token rose 53% during the past week, recouping some of the losses from its 67% decline over the past year, according to CoinMarketCap.　　The Trump familys crypto ventures have also raised obstacles to passing the US crypto market structure bill known as

08-28Industry

A zero-revenue public company tried to copy Michael Saylor to avoid delisting, but its stock immediately crashed 25%

Alpha Modus shares fell 25% after the company agreed to issue more than 10 times its existing share count for Bitcoin.　　Related Asset Bitcoin #1 BTC · $79,421.41 24-hour change: up 0.14% 24H Up 0.14% 7D Up 2.74% 30D Up 23.59%　　The Nasdaq-listed company said 10 non-US investors would contribute 3,170 BTC in exchange for 51.62 million Class A shares and warrants covering another 51.62 million shares, according to an Aug. 27 SEC filing.　　The agreement values the Bitcoin at $71,000 each, implying about $225.1 million of consideration. The transaction has been signed but has not yet closed, meaning the Bitcoin has not been transferred and the new securities have not been issued.　　Alpha Modus had about 4.99 million Class A shares outstanding under the agreements Aug. 24 capitalization table. Issuing the initial 51.62 million shares would lift that total to roughly 56.61 million and reduce the pre-deal shares to about 8.8% of the enlarged base.　　That means the company would issue about 10.35 new shares to the Bitcoin investors for every existing Class A share.　　The warrants could add another 51.62 million shares if exercised at $4.36 over their two-year term, creating a second layer of potential dilution. Beneficial-ownership limits, Nasdaq requirements, and any necessary

08-28Industry

UK Tax Authority Counts 240 Crypto Millionaires in First Official Tax Data

The UK tax authority recorded 240 people who each declared over £1 million ($1.35 million) in cryptoasset gains in the 2024 to 2025 tax year. It is the first breakdown of its kind.　　HM Revenue and Customs (HMRC) released the numbers in its yearly Capital Gains Tax (CGT) publication.　　Where the Crypto Gains Were Concentrated　　Those 240 crypto millionaires reported £717 million ($974 million) between them. This works out to just over half of all crypto gains declared to the department that year, according to the statistics.　　The wider pool ran to 17,600, who made cryptoasset disposals liable for CGT that year. Their disposal proceeds totaled £13.8 billion ($18.8 billion).　　Taxable profit on those disposals came to £1.38 billion ($1.88 billion), or roughly an average gain of £78,000 each. Men accounted for about 87% of filers and women about 13%.　　“Taxes are due on cryptoasset gains just like any other gains,” James Murray, Financial Secretary to the Treasury, said.　　What the Blockchain Data Adds　　Blockchain analytics firm Chainalysis measured UK taxable crypto activity at $19.4 billion in 2025. Only the United States, Germany, and China ranked higher. That total splits into $6.0 billion of gains, $3.3 billion of income, and $10.1 billion of payments.　　Chainalysis also called its approach

08-28Industry

Whales Yank 231 Million XRP From Binance — Largest Withdrawal in 6 Months

XRPs (XRP) price has gained 11% over the past week as a broader rally lifts major cryptocurrencies. Only Solana (SOL) and Hyperliquid (HYPE) have posted stronger gains among the 10 largest coins.　　However, the market is sending opposite signals. Whales are moving coins off exchanges while futures data shows traders positioning against the rally.　　XRP (XRP) Price Performance. Source: BeInCrypto MarketsXRP Whale Outflows Hit a Six-Month High　　Darkfost reported that whales withdrew 231 million XRP from Binance. This marked the largest whale withdrawal recorded in six months.　　Those outflows exceeded $335 million in a single day. The 90-day average sits closer to $40 million, based on his figures.　　Whale withdrawals reduce the supply sitting on exchanges and available for immediate sale. They do not confirm a purchase on their own, since coins can move into custody for other reasons.　　Notably, the withdrawals landed during a sharp recovery in the token. Darkfost put XRPs gain over the period at roughly 70%.　　“Should this accumulation dynamic continue, XRP could test the $2 mark…” he said.　　Derivatives Traders Lean Against the Rally　　The same analyst pointed to a contrasting signal in the derivatives market, where traders appeared to increase bearish exposure.　　Binances net taker volume recorded its strongest sell-side imbalance of 2026, reaching

08-28Industry

Beyond the rally: 4 Trends to watch this cycle

Robinhoods Chain launch highlights four crypto trends reshaping ownership, finance, money and AI-driven markets.　　When digital asset prices surge, market commentary tends to fixate on green candles and central bank policy. Yet, looking beyond the immediate rally reveals a deeper structural shift taking place on-chain. Robinhoods CEO, Vlad Tenev, skilfully drew global attention to this shift with the launch of the Robinhood Chain, joining a broader movement of major platforms bringing mainstream retail equity investors directly onto native on-chain execution.　　Macroeconomic stress provides background fuel, but technological innovation provides the spark. Beneath the price action, four key trends are defining this cycle and reshaping how global wealth is owned, accessed, and stored.　　Trend 1: The retail ownership supercycle　　At a recent White House summit, Vlad Tenev summarised his platforms mission in a single word: ownership. Broad asset ownership is essential to a free and prosperous society, and the Robinhood Chain is putting that principle into practice.　　Consider novel mechanics like The Index. Holding this single token automatically drops fractional tokenised equities directly into a users wallet. In a few clicks, crypto-native traders gain organic exposure to traditional stock portfolios, opening up meaningful diversification beyond crypto alone.　　Crucially, this movement is propelled by retail culture. Memes like

08-28Industry

Morning Minute: Solana Jumps with Network Inflation Set to Drop

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.　　GM!　　Todays top news:Crypto majors are slightly green ahead of Jackson Hole, SOL leads; BTC at $79.6kETH ETFs see $225M in inflows, nearly even with BTCs $242MHyperliquid hits a new ATH over $86 before retracingPump.fun hits 2nd highest day of revenue since Jan 2025New Solana meme $fone runs to $35M in its debut　　????️ Solana Has Its Best Month Ahead of Major Inflation Change　　SOL is having the kind of month that makes people forget the last two years.　　The token climbed back above $105 for the first time since January and is up roughly 44% in August, its strongest month since 2024. Then the same day the chart went vertical, Solana closed the first binding onchain governance vote in its history, one that decides how much SOL the network inflates (or disinflates) going forward.　　The tallies came in with all three proposals above quorum and all three passing.SGP-0002 doubles the disinflation rate, meaning the speed at which new SOL issuance shrinks each year, from 15% to 30%. Solana already grinds toward a fixed 1.5% inflation floor. This gets there

08-28Industry

You Can Now Own the Magazine Where One Piece Began — via a Solana Token

Phygitals sealed and tokenized the 1997 magazine where One Piece began. Solana promoted the launch on Friday, and the first tokenized One Piece manga now trades onchain.　　The issue carries the main characters debut appearance, which arrived before the first collected volume reached shops. Grading firms count only 118 copies worldwide.　　Sponsored　　Sponsored　　Why the Tokenized One Piece Manga Is So Scarce　　The manga One Piece, written by Eiichiro Oda, was initially published in the Shonen Jump magazine No. 34 of 1997. Readers treated the magazine as cheap, throwaway newsprint. Most copies, therefore, went straight to the bin.　　Almost nobody expected a record. One Piece passed 600 million published copies worldwide in March. The publisher Shueisha announced the milestone on the jacket band of volume 114.　　Scarcity then attracted forgers. Reprints and outright fakes of the issue flood resale sites, and an official 2017 reprint edition adds more confusion. Dealers now treat authentication as the main hurdle for buyers.　　Authentication carries real money. Reference guides put ungraded first prints in the low hundreds, while graded slabs trade in a separate market. Heritage Auctions ran a Beckett-graded copy of the issue in March. Graders slab originals and reprints separately, which remains the only dependable tell.　　That backdrop matters here. Phygitals,

08-28Industry

Zoomex Bridges Crypto and TradFi with Stock and Commodity Contracts

Zoomex, a global cryptocurrency derivatives exchange, announced the rollout of a dedicated TradFi hub, consolidating its Stock Contracts, Commodity Contracts, and Stock Tokens offerings into a single, streamlined destination on the platform. This marks one of the most significant expansions in Zoomexs product history, extending its derivatives infrastructure beyond digital assets and giving traders around-the-clock access to instruments tied to major U.S. equities, precious metals, and tokenized real-world stocks, all from one USDT-denominated account.　　The new TradFi navigation tab, now live across the Zoomex web and mobile platforms, brings together three product lines under one roof: Stock Contracts, offering high-leverage, 24/7 perpetual exposure to leading global equities; Commodity Contracts, enabling round-the-clock trading of gold, silver, and other core commodities; and Stock Tokens, providing spot-style access to tokenized shares backed by real-world stocks. Together, the three verticals reflect Zoomexs strategy of bridging traditional finance and Web3 derivatives within a single, rule-based trading environment.　　Bridging TradFi and Crypto Derivatives　　Founded in 2021, Zoomex has grown into a global cryptocurrency trading platform serving more than 3 million registered users across 35-plus countries and regions, with over 700 trading pairs available on its matching engine. The exchange has built its identity around being Focused on Derivatives, engineering

08-28Industry

Ledger says the viral “hack” was already patched, but two real bugs still needed fixing

Crypto wallet maker Ledger is urging its Ethereum app users to update again after two signing flaws remained in its previous security release.　　Related Asset Ethereum #2 ETH · $2,498.85 24-hour change: up 0.08% 24H Up 0.08% 7D Up 4.46% 30D Up 31.21%　　The hardware-wallet maker published Ethereum app version 1.22.3 on Aug. 25, closing vulnerabilities that could hide operations from a device review or authorize a token approval in place of an expected payment.　　The update follows controversy over a separate Ethereum signing flaw reproduced by rival wallet maker OneKey. That issue, tracked as LSB-023, affected older versions and allowed a compromised host to interleave commands so that transaction parameters could change after being displayed but before signing.　　Ledger said OneKey demonstrated the bug against version 1.22.1 after the company had already fixed it in Ethereum app 1.22.2, released Aug. 13.　　Related Company Ledger Crypto hardware wallets　　“No Ledger user was hacked,” Ledgers security team said, describing the demonstration as a laboratory reproduction involving outdated software. The company said it had found no evidence of exploitation in the wild.　　Ledger Chief Technology Officer Charles Guillemet made the same distinction, saying reproducing an already-patched flaw did not amount to “hacking Ledger.”　　Version 1.22.2, however, did not close every

08-28Industry

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