Latest Crypto News & Market Updates

Bitcoin miners earn under 0.7% of revenue from fees in new 10-year low

Bitcoin (BTC) transaction fees now account for just 0.69% of miner revenue as major players pivot to AI.　　Key points:Bitcoin miners now rely on block subsidies more than at any time in the past decade, data shows.Bitcoin hash rate has declined by 33% since October 2025.Analysts warn that miners switching to AI could affect the network.　　Bitcoin miner fee revenue share returns to 2016 levels　　Data from onchain analytics platform Glassnode shows that fees as a proportion of miner revenue remain near decade lows after falling to just 0.52% in April.　　Miners face ongoing pressure as declining Bitcoin prices and rising electricity costs squeeze profits and force smaller players out of the market. Glassnode co-founder Rafael Schultze-Kraft noted that fees had made up less than 1% of miner revenue for almost a year.　　“Bitcoin was below $400 the last time fee share was this low,” he said on X.　　Bitcoin fees as a portion of miner revenue. Source: Rafael Schultze-Kraft on X.com　　When transaction fee revenue drops, miners increasingly depend on the fixed block subsidy for income — the amount of newly minted BTC awarded for each mined block, currently 3.125 BTC. Bitcoin‘s value has fallen nearly 50% since its October 2025 all-time high, dragging down the

08-12Industry

U.S. CPI inflation slows to 3.4% as expected, bitcoin holds near $64,000

SummaryHeadline CPI rose 0.1% month over month and 3.4% year over year in July.Core CPI increased 0.2% monthly and 2.5% annually, both matching forecasts.Bitcoin held near $64,000 following the report.　　U.S. inflation in July was in line with expectations, leaving expectations for another Federal Reserve rate hike broadly unchanged.　　The Consumer Price Index (CPI) rose 0.1% in July from the previous month, compared with economists‘ forecast for a 0.1% increase and June’s 0.4% decline.　　On a year-over-year basis, CPI rose 3.4%, in line with forecasts and slightly lower than Junes 3.5% reading.　　Core CPI, which excludes food and energy, rose 0.2% month over month in July, compared with forecasts for a 0.2% increase and an unchanged reading in June. On a year-over-year basis, core CPI rose 2.5% as expected by analysts and edging lower from Junes 2.6%.　　Bitcoin fell from $64,400 to $64,080 in a knee-jerk reaction before stabilizing, still largely flat over 24 hours. Nasdaq 100 futures traded 0.7% higher.　　Treasury yields remained under pressure, maintaining pre-CPI weakness. The two-year hovered at 4.19%, down 3.6 basis points on the day, and the 10-year yield stood at 4.66%, also down three basis points.　　Already a key data point for markets, Julys CPI report took on added importance

08-12Industry

Standard Chartered-led Anchorpoint launches Hong Kong dollar stablecoin

SummaryStandard Chartered-led Anchorpoint launched beta access for its HKDAP stablecoin, following its Hong Kong issuer licence secured earlier this year.HashKey Exchange and OSL Group are now authorized distributors, enabling institutional and professional investors to mint and redeem HKDAP tokens.Anchorpoint, a venture with Animoca Brands and HKT, plans to expand HKDAP to retail users by late 2026, targeting broader financial applications.　　Standard Chartered-led Anchorpoint Financial has started a limited rollout of HKDAP, its Hong Kong dollar-backed stablecoin, four months after securing one of the citys first two issuer licences.　　The initial rollout will focus on institutional payments and settlement before adding more access channels and cross-border applications.　　HashKey Exchange and OSL Group joined as authorized distributors, allowing eligible institutions and professional investors to obtain HKDAP through their apps and other supported channels, according to separate .　　HashKey said it had completed its first minting and redemption transaction for the token, including conversions between HKDAP and fiat currency.　　Anchorpoint, a joint venture between Standard Chartered, Animoca Brands and HKT, plans to use distributors and commercial partners to bring the token into payments, settlement and other financial applications. HKDAP stands for “Hong Kong dollar at par.”　　Stablecoins are cryptocurrencies with values pegged to an external reference such as fiat

08-12Industry

America doesnt need a second-class payments system

The Federal Reserve payment system is a walled garden, and rightly so; there are serious risks to opening access to unregulated or underregulated entities. But the walls should be drawn around prudent regulation, not arbitrary criteria. Fed membership should automatically mean access to Fed payment rails. Otherwise, if you build the walls in the wrong place, innovation will go offshore into foreign jurisdictions, beyond the reach of any U.S. regulator.　　FDIC insurance is one of those arbitrary lines. Some point to its absence as a reason to hesitate, but that confuses two different risks. FDIC insurance protects against the risk created when a bank lends out client deposits, a risk inapplicable to a fully reserved custodial bank like Anchorage Digital Bank. Even stablecoin issuance, which more national trust banks are doing, is effectively full-reserve banking. Every stablecoin is always backed 100% by reserves, there is no fractional reserve banking being done, no asset-liability mismatch, and the risk to capital is fundamentally different. Federal Reserve Payment rail access should reflect actual risk, not assumptions carried over from a different banking model. Those differences should be reflected in how payment access is evaluated.　　What is missing is not more studies to summarize longstanding banking

08-12Industry

7 Binance Trading Pairs to Be Delisted in August: Full List

In a recent announcement, major crypto exchange Binance saID it will remove and cease trading on seven spot trading pairs: APT/BTC, AR/BTC, A/USDC, BTTC/TRY, CYBER/USDC, LPT/BTC and WAL/FDUSD.　　Sponsored crypto content　　The delisting of these trading pairs is scheduled for August 14 at 03:00 (UTC). Binance usually conducts periodic reviews of all listed spot trading pairs and may delist selected ones due to factors including poor liquidity and trading volume. This is done to protect users and maintain a high-quality trading market.　　The delisting of the above-mentioned spot trading pairs does not affect the availability of the tokens on Binance Spot. Users can still trade the base and quote assets on other trading pairs available on Binance.　　Binance will also terminate Spot Trading Bot services for the aforementioned spot trading pairs on the same date and time, where applicable. Users are strongly advised to update or cancel their Spot Trading Bots to avoid any potential losses.　　Binance is also set to delist six crypto tokens later in August. Following its recent reviews, Binance said it has decided to delist and cease trading on all spot trading pairs for six crypto tokens: Across Protocol (ACX), Hashflow (HFT), PIVX (PIVX), Vulcan Forged PYR (PYR), Vanar (VANRY), and

08-12Industry

Bitcoin-Gold Correlation Spikes on Macro Risks; Shiba Inu (SHIB) Whale Presence Shrinks to Just 0.04%; Binance Secures $600 Million Tokenization Milestone: Founder Reacts — Morning Crypto Report

TL;DR:BTCs 90-day correlation with gold reverses from -0.9 to +0.7 as fiscal and geopolitical risk drives capital into both assetsSHIB whale wallets shrink to 0.04% of holders while retaining 94.57% of supply, price stalls near $0.00000449 supportBinances bStocks captures 27% of the tokenized stock market, holder base up 399% to 222,351 addresses on $619.57 million in assetsBTC holds below the 50-day SMA at $64,316, with a break above $67,000 opening a path toward $71,000 amid Fed liquidity support and Ethereum staking inflows　　Is “digital gold” back？　　Amid U.S. fiscal pressure and geopolitical tensions, Bitcoin has become tightly linked to gold. According to CryptoQuant, their 90-day correlation has undergone a radical reversal, soaring from -0.9 in the winter to +0.7 by August 2026.　　CryptoQuant CEO Ki Young Ju says the era of “digital gold” is returning, while spot ETFs are only accelerating the process by allowing funds to buy both assets within the same portfolios.　　Bloomberg Intelligence senior analyst Mike McGlone, however, suggests valuing assets not in dollars but in ounces of gold. From this perspective, the Bitcoin-to-gold ratio of 1.86 and the Ss rise is largely technical, as older negative data from the beginning of the year are simply rolling out of the calculation

08-12Industry

New York City Council probes Polymarket, Kalshi over marketing practices

The New York City Council has opened an investigation into the marketing practices of four prediction market platforms, including Polymarket, Kalshi, Coinbase and Gemini Titan, over allegations that event-contract firms may use deceptive advertising to attract consumers.　　The office of New York City Council Speaker Julie Menin said Wednesday that the council has been examining allegations of “false, deceptive, unconscionable, and objectionable marketing practices” in the prediction market sector for several months.　　Letters sent by Menin to the four companies seek information about how the platforms advertise event contracts covering sports, politics, culture, weather and other subjects. The council also plans to hold a hearing as it considers whether existing consumer protection rules are sufficient or whether new legislation or other policy action is needed.　　“Prediction markets aggressively entice consumers to bet and wager on sports, politics, culture, weather, and pretty much anything,” Menin said in a statement. She added that she intends to use the councils authority to protect New Yorkers from what she described as deceptive and predatory marketing practices.　　Prediction market probe focuses on advertising practices　　Menin‘s letters cited allegations involving Polymarket’s promotional campaigns as one reason for examining marketing across the industry rather than limiting the inquiry to a single company.　　A

08-12Industry

Morning Minute: The CFTC Bails Out Kalshi in NY

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 chop ahead of CPI, ETH leads; BTC at $64kSEC plans to move forward with crypto rulemaking Friday, including tokenized securitiesRobinhood Chain does 10x the revenue of Base, TVL nears $500MHarmony exploit led to 26% of the supply mintedCFTC invokes emergency authority to keep Kalshi running in NY State　　⚖️ The CFTC Shields Kalshi From New York, Just as Its Revenue Doubles　　The federal government just overruled a state trying to shut down a prediction market.　　The CFTC invoked “emergency authority” on Tuesday to order Kalshi to keep operating in New York, days after Attorney General Letitia James sued to block its sports contracts. Kalshi asked the regulator to step in, and it did.　　The stakes are enormous. According to The Information, Kalshi has topped a $4 billion annualized revenue run rate, double its level from two months ago, and is raising at a $40 billion valuation. So states are trying to rein it in exactly as it becomes one of the fastest-growing companies in finance.　　New York argues sports prediction markets are gambling that dodged state

08-12Industry

Bitwise Cuts 14% of Staff as Crypto Slump Reaches ETF Issuers

In briefBitwise has cut about 14% of its workforce, taking headcount to around 155 from roughly 180, the asset manager confirmed to Bloomberg.CEO Hunter Horsley says the remaining workforce is still the largest in the firms eight-year history, and expects growth to continue.The firm said it runs more than 70 products and about $9 billion in assets, including a $2.3 billion spot Bitcoin ETF.　　Bitwise Asset Management has cut roughly 14% of its staff, taking the San Francisco firm to about 155 people from around 180, it confirmed to Bloomberg.　　Chief executive Hunter Horsley framed the reduction against a longer arc, telling the outlet that even after the cuts the workforce is the largest in the companys eight-year history, and that he expects growth to continue as crypto is absorbed into the wider economy.　　The firm describes itself on its website as managing about $9 billion in client assets across more than 70 investment products, spanning Bitcoin and other ETFs, separately managed accounts, private funds, hedge fund strategies and staking.　　The cuts land in a category that has concentrated sharply, with U.S. spot Bitcoin ETFs now holding about $77.5 billion in net assets, of which BlackRocks IBIT accounts for roughly $47.3 billion and Fidelitys

08-12Industry

FlightAware drops Kalshi lawsuit over a market niche that data shows it never took off

According to a Fortune article in July, Kalshi decided to pause flight cancellation contracts, after social media users expressed concerns over malicious actors causing flight cancellations to collect payouts. And according to Kalshi data, retail participation in the niche aviation series has been modest. For the U.S. flight cancellation bet currently open until Aug. 14, the data reveals only 31,412 total contracts traded, representing $1,842.48 in aggregate dollar volume and only 1,120 contracts held in open interest. The low liquidity here stands in stark contrast with Kalshis $148 billion in volume this year alone, that same data shows.　　The filing does not state whether the companies reached an agreement or whether Kalshi changed its markets or their settlement source.　　Kalshi and FlightAware were contacted via email for comment but neither responded immediately.　　FlightAware had accused Kalshi of using its flight data and a trademark without permission to run bets on airline cancellations. The flight tracking firm was seeking damages and an injunction over contracts that allowed users to trade on the percentage of flights canceled nationally or at specific airports.　　Kalshi had denied violating FlightAware‘s license or infringing its trademark, according to the original complaint. It said its references to FlightAware constituted nominative fair

08-12Industry

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