Latest Crypto News & Market Updates

BTC Rejects $81,500 as Whales Build Massive Sell Wall at $81K

Bitcoin briefly rallied to $81,500 before pulling back below $79,300, failing to hold the critical $80,000 support level for the second time in a week.　　Key TakeawaysBitcoin fell below $77K following Fed Chair Warshs speech, wiping out $300M in crypto liquidations.Heavy sell walls and a $5.7B downward liquidity skew leave Bitcoin vulnerable to deeper pullbacks.Fed Chair Warsh rejected forward guidance over inflation risks, weakening immediate spot market demand.　　Bitcoin Loses Steam Ahead of Fed Chair Speech　　Bitcoin lost momentum soon after breaching $81,000, as markets awaited Federal Reserve Chair Kevin Warshs inaugural Jackson Hole speech. The price slid shortly after hitting this key resistance level for the second time this week, echoing the Aug. 25 pullback when the cryptocurrency topped $80,000 for the first time in more than three months.　　Market data shows bitcoin peaked at $81,455 shortly after 9:30 p.m. Thursday, briefly shrugging off bearish pressure that had been building since Tuesday. A sharp sell-off followed, erasing gains from Aug. 27 as the asset tumbled to a session low of $78,442 around 10:15 a.m. However, just over an hour after Warshs address, bitcoin fell to a new low of $76,877 before quickly reclaiming $77,000 and testing $78,000.　　The retreat trimmed bitcoins weekly gain to

08-29Industry

Warshs Jackson Hole speech puts rate hike on the table

Federal Reserve Chair Kevin Warsh has put another interest-rate increase on the table after saying inflation remains well above the Feds 2% target, sending Bitcoin below $80,000 as traders raised their rate-hike bets.　　SummaryWarsh said 12-month PCE inflation stands at 3.7%, while the six-month rate has reached 4.1%.Bitcoin fell nearly 2% to about $79,200 after trading above $80,000 earlier in the day.Polymarket traders raised the probability of a 2026 rate hike to 68% after the speech.Nansen analysts said a hawkish message could pressure crowded Bitcoin longs after a $6.4 billion options expiry.　　Warsh says inflation must return to 2% faster　　The Federal Reserves published remarks show that Warsh made price stability the central focus of his first Jackson Hole keynote as chair, describing the 2% PCE inflation goal as a “firm, fixed target.”　　Warsh said the Feds preferred measure, the 12-month change in the Personal Consumption Expenditures price index, stands at 3.7%. The six-month change has reached 4.1%, while comparable headline and core Consumer Price Index readings also remain elevated.　　“So the Feds predominant focus right now should be on prices,” Warsh said.　　Although the summer PCE and CPI reports came in better than expected, Warsh said the releases did not show that underlying inflation trends

08-29Industry

Ripple moves to shrink XRP Ledger attack surface as AI audit tests lending push

Ripple is moving to shrink the XRP Ledgers (XRPL) attack surface as it prepares to expand native lending.　　Related Company Ripple Financial technology and enterprise blockchain company　　The company has recommended removing more than 10,000 lines of unused XChainBridge code while Lending Protocol V1.1 undergoes an AI-only security review through Sherlocks Audit Engine.　　The parallel efforts come as crypto platforms face renewed pressure to strengthen their defenses. More than $1.31 billion was lost across 344 security incidents in the first half of 2026, with code vulnerabilities remaining the industrys most common attack category.　　Axelar leaves Ripple with 10,000 lines it no longer wants　　The original case for keeping XChainBridge (XLS-38) weakened after Ripple turned to Axelar for the XRPL EVM Sidechain and broader demand for the native bridge failed to materialize.　　XLS-38 was designed to let assets move between XRPL and connected sidechains through witness servers that observe transactions and attest to activity across networks. The architecture was intended to support private, permissioned, and experimental sidechains, while also providing a bridge between XRPL mainnet and the EVM Sidechain.　　Ripple ultimately chose Axelar for the EVM Sidechain after evaluating security, user experience, decentralization, and the operational demands of maintaining a bridge.　　The company said the XLS-38 witness model carried

08-29Industry

Bullish provides USD.AI $100M stablecoin facility for GPU-backed lending

Institutional crypto exchange operator Bullish has provided USD.AI with a $100 million stablecoin-based debt facility to finance loans secured by GPU infrastructure, the companies announced Friday.　　USD.AI will use the facility to lend to AI infrastructure operators, with the loans secured by the underlying GPU hardware rather than the borrowers broader corporate assets.　　USD.AI is an onchain financing platform developed by Permian Labs that provides financing backed by AI computing hardware, connecting stablecoin liquidity with demand for GPU infrastructure financing.　　Bullish said it plans to list USD.AIs sUSDai across multiple trading pairs and support the token with a dedicated market-making program, which it expects to improve secondary liquidity and price discovery for GPU-backed debt.　　The facility adds to USD.AIs growing GPU financing business. In June, it announced a $98.1 million loan backed by 2,304 Nvidia B300 GPUs, while a $34 million loan backed by 768 Nvidia B200 GPUs was fully funded.　　The deal also builds on Bullish Capitals $4 million investment in USD.AI in September 2025.　　Bullish went public on the New York Stock Exchange in August 2025, raising about $1.03 billion after pricing its initial public offering at $37 per share. The stock opened at $90 on its first day of trading.　　The companys shares remain

08-29Industry

Fed Chair Warsh Calls AI a 'Hinge Point in History'—4 Key Things He Said

In briefFed Chair Kevin Warsh dedicated a full section of his Jackson Hole keynote to artificial intelligence, calling the current moment a “hinge point in history.”Warsh said annualized sales at the two leading AI labs now top $100 billion, an increase of more than 500% from a year earlier, and confirmed the Fed now treats AI as “potentially a new factor of production.”Warsh flagged that hes watching AIs “second derivative”—whether capital-spending growth is still accelerating.　　Kevin Warshs first Jackson Hole keynote as Federal Reserve chair made headlines mostly for what he refused to say about interest rates. But in the middle of the speech, under the header “Preparing for Future Policy Conjunctures,” sits the section that matters most for anyone tracking where AI money is actually flowing.　　Warsh opened it by describing the mood before AI took off: Economists spent the years after the 2008 crisis warning of “secular stagnation,” a world with too much capital chasing too few good investments because, as Warsh put it, “all the good stuff had been invented.” That thesis, he said, no longer holds.　　Myriad: What will the Fed do in September？ Click to make your prediction.　　He backed it with numbers. Business capital expenditures—what he called “the

08-29Industry

Will we see a strong increase in the use of cryptocurrencies by 2030？

Everything we knew a decade ago has changed. The way we communicate, work, shop, and manage our lives looks almost nothing like it did in 2014. Technology didn‘t just improve existing processes; it replaced many of them entirely. Faster internet, smarter devices, and cloud-based platforms shifted expectations across every industry. People now demand speed, transparency, and control in a way that older systems simply weren’t built to handle.　　Nowhere is this transformation more visible than in personal finance. Mobile banking has moved from a convenience to a necessity. Today, millions of people manage their entire financial lives through an app: checking balances, transferring money, paying bills, and even investing, all without stepping into a branch. Digital wallets like Apple Pay and Google Pay have made physical cards feel outdated. Open banking frameworks allow third-party apps to access account data securely, giving users smarter tools to track spending and manage budgets in real time.　　Beyond finances, personal interests have been reshaped too. Sports fans are a clear example. Activities like online betting have replaced their physical counterparts almost entirely. Where people once had to visit a bookmaker in person, they can now place bets, review live odds, and access detailed match statistics from

08-29Industry

BlackRocks Bitcoin ETF regains key weekly options expiries after rule overhaul

MIAX, the U.S. options exchange group, restored Monday and Wednesday short-term expiries for options on BlackRocks iShares Bitcoin Trust ETF after dropping IBIT from its third-quarter roster.　　Related Asset Bitcoin #1 BTC · $77,973.83 24-hour change: down 3.16% 24H Down 3.16% 7D Up 0.76% 30D Up 22.43%　　A MIAX listing alert said the exchange group would begin listing IBIT under a new, lower-threshold Tier 2 framework on Aug. 18, 2026. It named IBIT expirations for Aug. 19, 24, 26 and 31, confirming that the fund returned during Q3 instead of waiting for the next quarterly eligibility review.　　IBIT was part of MIAXs initial January 2026 roster and remained eligible in the second quarter. It then disappeared from the Q3 list published July 1.　　The listed MIAX and SEC notices do not identify which old test caused the removal. BlackRocks historical fund data imply about $43.23 billion of IBIT net assets on June 30, below the former $50 billion gate but above the new $25 billion threshold. AUM may therefore have been a constraint, but MIAX has not published an IBIT-specific June options-volume count or said that AUM was the sole failed condition.　　How IBIT expirations work under the new tier　　The MIAX Pearl rule notice splits

08-29Industry

Charles Schwab Expands Crypto Trading Beyond Bitcoin and Ethereum

In briefSchwab plans to add Solana, Avalanche, and Chainlink trading “in the coming months.”Schwab Crypto began rolling out with Bitcoin and Ethereum in May.Eligible clients pay a 0.75% fee on each crypto trade.　　Financial services giant Charles Schwab said Thursday that it plans to add Solana, Avalanche, and Chainlink to its crypto trading platform “in the coming months,” expanding beyond Bitcoin and Ethereum, though it did not give a launch date.　　The additions come about three months after Schwab began rolling out direct Bitcoin and Ethereum trading to select retail clients. Before then, customers could get crypto exposure through exchange-traded products and shares of companies such as Coinbase and Strategy, but could not buy cryptocurrencies directly.　　Myriad: Solanas next price move？ Click to make your prediction.　　“With this expansion, clients will have more choices to build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab,” Joe Vietri, Schwabs head of digital assets, said in a statement. “These additions are consistent with our approach to provide clients with access to familiar cryptocurrencies backed by an ecosystem of education, tools, resources, and support to make informed decisions about how crypto might fit into their broader investing goals.”　　Solana is designed

08-29Industry

Strategys 6,948 BTC sales were a narrative risk: Bitfinex

Strategys two-week pause in Bitcoin sales has removed a three-month sentiment barrier after the company disposed of 6,948 BTC between late May and early August, according to Bitfinex analysts.　　SummaryStrategy reported no Bitcoin transactions for a second consecutive week.The company raised $2.01 billion by selling MSTR shares instead.Its 840,447 BTC are profitable with Bitcoin trading above the $75,385 average cost.Bitfinex said the earlier sales affected market sentiment more than Bitcoins available supply.　　Bitfinex analysts said in an Aug. 28 report that Strategy‘s 6,948 BTC in disposals were small compared with daily spot trading volume, but the company’s status as the largest corporate Bitcoin holder gave each weekly sale added weight among traders.　　“The largest corporate holder is selling” became a recurring bearish argument between May and August, the analysts said. Although the sales did not create a large supply shock, each Monday filing left open the possibility that more coins could reach the market.　　Strategy‘s latest Form 8-K, covering Aug. 17 through Aug. 23, reported no Bitcoin purchases or sales. The filing was the second consecutive weekly disclosure with no change to the company’s 840,447 BTC balance.　　With Bitcoin trading near $78,700, Strategys holdings have also moved above their average acquisition price of $75,385. The

08-29Industry

Bitcoin Miner IREN Shares Fall as AI Conversion Costs Mount

In briefAI cloud revenue reached $70.5 million in the fiscal fourth quarter, surpassing Bitcoin mining revenue for the first time.IREN reported a $684 million quarterly loss, including $450.4 million in asset impairments.Of IRENs $4 billion in contracted annualized run-rate revenue, $1 billion was operating as of Aug. 26.　　IREN shares fell more than 8% after the Bitcoin miner turned AI data center operator reported a $684 million loss in its fiscal 2026 results.　　The stock dropped 8.2% in after-hours trading Thursday to $37.19, after closing at $40.53.　　Myriad: Bitcoin next price move？ Click to make your prediction.　　AI cloud services generated $70.5 million in the quarter ended June 30, up from $33.6 million the previous quarter. The segment surpassed Bitcoin mining revenue of $66.7 million for the first time and accounted for 51.4% of IRENs quarterly revenue.　　Mining revenue fell 40% from the prior quarter as IREN converted mining sites for AI use. Total revenue declined 5% to $137.2 million. Bernstein analysts expect IREN to wind down Bitcoin mining by 2030 as the company replaces mining hardware with graphics processing units for AI workloads.　　“We started IREN with a simple observation: the digital world can scale almost instantly, but the physical world cannot,” Co-Founder and Co-CEO

08-29Industry

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