Trump family's World Liberty Financial delay plans to sell Maldives resort token

SummaryWorld Liberty Financial, the cryptocurrency project backed by the Trump family, delayed plans to sell a token related to a resort in the Maldives.The tokens sale has been pushed back due to the Iran war disrupting travel in the region.The venture is part World Liberty Financials plans in tokenization, the representation of RWAs on blockchains in token form. WLFI is exploring this concept not just in real estate, but in commodities like oil and gas.  World Liberty Financial, the cryptocurrency project backed by the Trump family, delayed plans to sell a token related to a resort in the Maldives, Bloomberg reported on Friday.  The token was planned to go on sale next year, giving investors a share of revenue from loans financing the Trump-branded resort, but this has been pushed back due to the Iran war disrupting travel in the region, according to the report, citing people familiar with the matter.  World Liberty Financial tapped real-world asset (RWAs) platform Securitize in February to help represent loan interests tied to the resorts development as a digital token that could be traded onchain.  It is unclear when the token will now be listed.  The venture is part World Liberty Financials plans in tokenization, the representation of RWAs

08-14انڈسٹری

Bitcoin slips as U.S. inflation fails to spark gains, ETFs see August's first two-day drawdown

SummarySpot bitcoin ETFs saw $192 million in back-to-back outflows as bitcoin fell to its lowest level since Aug. 3.While U.S. stocks gained after cooler-than-expected producer price data, crypto markets lagged, with bitcoin and ether slipping even as some altcoins outperformed.Derivatives and funding data show growing bearish positioning in tokens like bitcoin cash and hedera. Bitcoin volatility eased and options flows remain mixed.  Bitcoin dropped below $63,000, losing 1.14% since midnight UTC as a second day of outflows from spot exchange-traded funds and a lack of bullish catalysts weighed on the crypto market.  Spot bitcoin ETFs experienced the first back-to-back days of outflows since late July with $192 million exiting the products, according to SoSoValue.  The largest cryptocurrency is now trading at its lowest point since Aug. 3 having wiped out all of last weeks rally. Ether is down by 0.73% since midnight, while a portion of the altcoin market continues to show resilience, outperforming crypto majors.  U.S. equities were boosted on Thursday by producer price inflation data, which cooled to 4.7%, below forecasts. The Ss 24-hour CVD is the most negative among the top 25 coins, with funding rates around -20%, pointing to a market clearly dominated by bears. More broadly, all the top

08-14انڈسٹری

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

08-14انڈسٹری

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

08-14انڈسٹری

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

08-14انڈسٹری

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

08-14انڈسٹری

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

08-14انڈسٹری

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

08-14انڈسٹری

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%

08-14انڈسٹری

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

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