Latest Crypto News & Market Updates

Bitcoin keeps traders guessing near $64K as stocks gain on cool US PPI data

Bitcoin (BTC) edged away from weekly lows on Thursday after the US Producer Price Index (PPI) narrowly cooled in July.　　Key points:Bitcoin avoids further downside as US PPI data provides a boost to US equities.Cleveland Fed president stays hawkish on the outlook for interest-rate policy.Bitcoin long liquidations make $61,000 a key level to watch.　　July PPI extends cooler US inflation trend　　BTC/USD was up around 0.5% on the day near $63,900 with volatility broadly absent, data from TradingView showed.　　BTC/USD one-hour chart. Source: Cointelegraph/TradingView　　The July US Producer Price Index (PPI) print was unchanged month-on-month at 0.2%, while year-on-year increased 4.7% versus an anticipated 4.9%, per data from the Bureau of Labor Statistics (BLS).　　“In July, a 0.2-percent increase in the index for final demand services and a 2.2-percent advance in prices for final demand construction offset a 0.7-percent decrease in the index for final demand goods,” the BLS release said.　　“Falling gasoline and energy prices provided the biggest relief,” Econoday analysts highlighted.　　US PPI one-month % change. Source: BLS　　US stocks gained at the Wall Street open as PPI further cooled market bets on interest-rate hikes from Federal Reserve policymakers. The S&P 500 index and tech-heavy Nasdaq Composite index were up 0.87% and 0.94%, respectively, at the time

08-14Industry

Bitcoin Eyes New August Lows as Binance Longs Face a ‘Cleanout’

Bitcoin (BTC) long positions are “facing liquidation” as volatility shows signs that a range breakout is finally coming.　　Key points:Bitcoin long positions face multiple threats as BTC price action heads toward new August lows, analyst warns.The correlation between Binance open interest and price reached 0.25 on Thursday as both fell.The Bitcoin bull market is not ready to make a comeback, CryptoQuant CEO Ki Young Ju says.　　Bitcoin longs feel the squeeze as price drops　　Insights published on onchain analytics platform CryptoQuant by community analyst “BorisD” on Thursday suggest that leveraged long BTC positions are being flushed out as BTC/USD targets month-to-date lows.BTC/USD one-hour chart. Source: Cointelegraph/TradingView　　The analysis focuses on the relationship between price and open interest (OI) on Binance. OI represents total active derivative positions, both long and short, and reflects capital commitment in a given market.　　While price has traded in a narrow range since June, CryptoQuant data show that Binance OI has gradually increased, reaching $8.15 billion on Wednesday as futures increasingly steer the market while spot traders sit on the sidelines.Bitcoin open interest on Binance. Source: CryptoQuant　　With price now seeing downside volatility on lower time frames, the correlation between price and OI has entered a state of flux, potentially squeezing long

08-14Industry

RedotPay US IPO delayed as $473M Binance lawsuit adds pressure

RedotPay has reportedly delayed a planned US initial public offering that could raise more than $1 billion as the Hong Kong stablecoin payments company works through regulatory approvals and legal disputes while preparing to enter the US market.　　Bloomberg reported on Aug. 14, citing people familiar with the matter, that RedotPay had pushed back its listing plans as the company seeks regulatory approvals and deals with legal disputes involving Binance.　　A spokesperson for RedotPay declined to comment on the timing of the IPO when contacted by crypto.news, but said the company had secured a US money transmitter license this week and was preparing to launch its products in the country.　　“Our strategy continues to focus on global regulatory compliance and business growth,” the spokesperson said. “This week, we obtained a money transmitter license in the US. We are preparing to launch our product in the US.”　　The spokesperson also said RedotPay reported record users, revenue, profit and margins in its Q2 2026 investor update, without providing figures for the period.　　RedotPay IPO plans have faced a delay　　RedotPays potential US listing first emerged in February, when the company was reported to be considering a New York IPO that could raise more than $1 billion and value

08-14Industry

SEC Shelves Crypto Rule Meeting Days After Senate Punted Clarity Act

In briefThe SEC has canceled Fridays meeting, at which commissioners were to vote on proposing a tailored offering regime for crypto assets.A spokesperson cited “an unforeseen scheduling issue,” with no replacement date announced.It would have been the agencys first crypto-specific rulemaking, and followed the Senate leaving for recess without advancing the Clarity Act.　　The Securities and Exchange Commission has called off an open meeting scheduled for Friday morning at which its three commissioners were to vote on proposing the agencys first crypto-specific rules, Reuters reported on Thursday.　　The formal notice, issued under the Sunshine Act and signed by SEC secretary Vanessa Countryman, records only that the meeting “has been cancelled,” making no mention of a new date. A spokesperson separately told reporters the session would move to a later date “due to an unforeseen scheduling issue,” without elaborating.　　The commission had dated its original notice August 10, giving roughly three business days warning, with a single item on the agenda.　　The commissioners had been due to decide whether to publish for comment a set of exemptions letting crypto startups raise capital without complying with traditional securities offering rules, an escape hatch from registration that founders have sought for years. A vote would not have

08-14Industry

RedotPay said to put $1 billion U.S. IPO plan on hold: Bloomberg

SummaryStablecoin payments firm RedotPay postponed its planned $1 billion U.S. IPO, which is now unlikely to occur before 2027, as it addresses legal issues.The Hong Kong-based company, which recently obtained a U.S. money transmitter license and is preparing a U.S. product launch, declined to comment on its IPO plans.RedotPay, which calls itself the worlds largest stablecoin payment card issuer and recently reached unicorn status, is facing a $470 million lawsuit from Binance over allegedly poaching hundreds of thousands of users.　　Stablecoin payments company RedotPay delayed a planned $1 billion U.S. IPO to deal with legal issues, Bloomberg reported Friday, citing people familiar with the decision.　　The listing, initially planned for this year, is unlikely to take place before 2027, the people told the financial news organization.　　“Our strategy continues to focus on global regulatory compliance and business growth,” a RedotPay spokesperson told CoinDesk via Telegram. This week we obtained a money transmitter license in the U.S. We are preparing to launch our product in the U.S.　　The spokesperson declined to comment on the IPO plan, which emerged in February. Hong Kong-based RedotPay is said to have tapped JPMorgan, Goldman Sachs and Jeffries for the potential listing.　　RedotPay, which describes itself as the worlds largest stablecoin

08-14Industry

Shytoshi Kusama's Litecoin Connection？ SHIB Veteran Gives Take

There is speculation about a possible connection between pseudonymous Shiba Inu lead ambassador Shytoshi Kusama and Litecoin founder Charlie Lee.　　An X user had asked if Charlie Lee was Shytoshi Kusama. This claim remains unestablished, with no verified evidence showing that Lee and Kusama are the same person. However, the question prompted a response from long-time SHIB community member and Shiba Eternity advisor Mazrael.　　“Could be he chatted with Litecoin that one time,” Mazrael answered. This does not confirm that Charlie Lee is Shytoshi Kusama but suggests that Kusama may have interacted with Litecoin at some point. The latter might be the case given Kusamas past interactions with Litecoin on X.　　In November 2024, Kusama made a post directed to Litecoin, which had jokingly referred to itself as a meme-themed coin, primarily a stick figure with the letter L as its head, attracting the attention of the Shiba Inu lead ambassador. Kusama responded that “he was not looking to get into beef with Litecoin.”　　Tracking Market News　　This simple fact might suggest no connection between Litecoin and Shytoshi Kusama. Charlie Lee, a former Google engineer, launched Litecoin in October 2011 as a source-code fork of Bitcoin.　　Shiba Inu mystery continues　　Kusama, a key figure in the Shiba

08-14Industry

Bullish shares jump 10% as Q2 adjusted EBITDA more than triples

Bullish shares jumped around 13% in early trading Thursday after the institutional-focused crypto exchange and CoinDesk owner reported a 62% year-over-year increase in second-quarter adjusted revenue and more than tripled its adjusted EBITDA.　　Bullish reported $92.6 million in adjusted revenue for the quarter, up from $57 million a year earlier, while adjusted EBITDA rose to $29.5 million from $8.1 million. Adjusted net income reached $14.3 million, reversing a $6 million loss in the year-ago quarter.　　Subscription, services and other revenue hit a record $62.7 million, helping offset weaker exchange activity. The company recorded $179.6 billion in quarterly trading volume, down from $197.4 billion a year earlier, while average daily volume fell to $2 billion from $2.2 billion.　　The NYSE-traded BLSH shares were up more than 10% on Thursday morning. Source: Yahoo Finance.　　The company also received approval from the Gibraltar Financial Services Commission to offer secondary trading in issuer-sponsored tokenized securities, expanding its push into regulated onchain markets.　　Bullish lifted its full-year guidance, forecasting $225 million to $245 million in subscription, services and other revenue, citing its first-half performance and improved visibility.　　Thursdays rally extends a recent rebound for Bullish shares, which have gained around 20% over the past month. The stock, however, remains about 70%

08-14Industry

Crypto payments barely register among euro area merchants, ECB finds

Crypto remains a marginal payment option among euro area businesses even as other forms of digital payments gain ground, according to a new European Central Bank (ECB) report.　　Just 0.2% of companies selling goods and services online accept crypto assets, the ECB said in its survey on companies cash use, published Thursday. Cash remains the most widely accepted payment method, with 92% of companies with physical points of sale accepting it.　　The ECB surveyed 8,205 businesses across the 21 euro area countries, covering retail, restaurants and cafes, hotels, and arts, entertainment and recreation. Market research firm Ipsos conducted the telephone interviews from Feb. 23 to April 10.　　The findings come as the ECB advances work on a digital euro, a central bank digital currency (CBDC) designed to complement cash and preserve the euros role.　　Mobile payments are catching up　　Mobile payments recorded the biggest shift among payment methods at physical locations, with acceptance jumping to 68% in 2026 from 36% in 2024.　　The most commonly accepted mobile options include instant payments and digital wallets, such as Apple Pay and Google Pay.Acceptance of various payment instruments, 2024 versus 2026. Source: ECB　　Cash edged up to 92% from 90%, while physical card acceptance rose to 88% from 87%. Crypto

08-14Industry

RedotPay US IPO delayed amid regulatory, legal hurdles: Report

RedotPays plans for a US stock market debut have reportedly been delayed as the stablecoin payment company prepares to expand into the country.　　The company delayed plans for a US initial public offering (IPO) while it seeks regulatory approvals and contends with legal disputes involving Binance, Bloomberg reported on Friday, citing people familiar with the matter.　　A RedotPay representative declined to comment on the timing of an IPO to Cointelegraph. The representative instead pointed to the companys US expansion, saying RedotPay obtained a money transmitter license in the US this week and is preparing to launch its product in the country.　　The reported setback follows a nearly $473 million lawsuit filed by Binance affiliates and comes as RedotPay works to expand its regulatory footprint in the US and other markets.　　RedotPays IPO ambitions surfaced in February　　RedotPay, founded in 2023 and based in Hong Kong, first emerged as a potential US public-market entrant in February, when reports surfaced that the company was considering a New York listing.　　RedotPay has reportedly been working with JPMorgan Chase, Goldman Sachs and Jefferies Financial Group on a listing that could raise more than $1 billion. At the time, the company was seeking a valuation of more than $4 billion.　　Related: Bithumb

08-14Industry

Singapore crypto job scam costs company $11.8 million

A fake cryptocurrency job offer that infected a company-issued device has led to US$11.8 million in losses after attackers gained access to corporate systems and bypassed transaction controls, Singapore authorities have said.　　The Singapore Police Force and Cyber Security Agency of Singapore said on Aug. 14 that the victim was first contacted on LinkedIn by a scammer posing as a recruiter from a cryptocurrency-related company, beginning an interview process that eventually gave the attackers access to the victims employer.　　Communication moved from LinkedIn to email, where the supposed recruiter used a spoofed domain that closely resembled the legitimate companys address. The victim also attended several interviews through Google Meet, although the person conducting the interviews kept their camera switched off during the calls.　　As the recruitment process advanced, the victim was sent to a spoofed website and asked to complete a technical coding assessment on a company-issued device. Malicious software was downloaded during the assessment without the victim realizing the device had been compromised.　　Fake crypto job assessment opened access to corporate systems　　Once installed, the malware harvested the victim‘s session token, SPF and CSA said. Attackers then used the stolen token to bypass multi-factor authentication and gain access to the victim’s Bitbucket account, which

08-14Industry

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