Bitcoin Breaks Higher as Short Positions Get Hit

Bitcoin has broken out of a six-week trading range, climbing above $71,000 and briefly moving past $72,000.

The move triggered a major wave of short liquidations, adding momentum to the rally.

Jan3 CEO Samson Mow said the price action strengthens Bitcoin’s case as a potential safe-haven asset, arguing that the market may be reacting to growing pressure on bearish positions.

This is not any financial advice.

New Crypto Rules Proposed for the CFTC

Multicoin Capital co-founder Tushar Jain has proposed regulatory changes aimed at supporting innovation in U.S. crypto markets.

His ideas include safe harbors for emerging markets, compliant privacy tools for DeFi, and allowing perpetual futures linked to pre-IPO companies.

Jain shared the proposals after the first meeting of the CFTC’s innovation advisory committee, where he serves as a member.

This is not financial advice.

SharpLink Adds $91M in Staked ETH 🚀

Nasdaq-listed Ethereum treasury company SharpLink Gaming (SBET) has reportedly staked an additional 39,319 ETH, worth approximately $91 million, according to blockchain tracker Lookonchain.

The move adds to SharpLink’s Ethereum holdings and highlights the growing activity around corporate ETH treasury strategies.

This is not financial advice.

Solana ETFs See Strongest Inflows in Three Weeks 📈

U.S. spot Solana ETFs recorded $14.59 million in net inflows, marking their strongest single-day performance in about three weeks, according to reported market data.

The increase suggests renewed interest in Solana-linked investment products following a period of relatively subdued activity.

This is not financial advice.

Clarity Act Faces Fresh Crypto Debate 🇺🇸

With congressional action on the Digital Asset Market Clarity Act pushed to mid-September, questions are growing over whether the proposed legislation is ultimately good for the crypto industry.

In Washington, “Clarity Act” and “crypto bill” are often treated as the same thing. But the debate is more nuanced, with supporters and critics weighing how the legislation could shape the future of digital assets.

This is not financial advice.

XRP Trading Activity Surges 📈

$XRP jumped roughly 17% in a day, with trading volumes rising sharply across several major exchanges.

The token climbed from around $1.15 to $1.40, while spot trading volume approached $3 billion and futures volume reached about $13 billion.

The strong activity suggests the move was supported by substantial market participation rather than thin liquidity.

This is not financial advice.

Nvidia Results

Nvidia reported stronger-than-expected fiscal second-quarter results, with quarterly revenue reaching $96.2 billion, above Wall Street’s $92.27 billion consensus estimate.

Data center revenue came in at $89 billion, also ahead of expectations, while adjusted earnings per share reached $2.22, compared with the $2.09 estimate.

This is not any financial advice.

🚨 Pumpfun Moves $13.7M in SOL to Kraken

Solana-based memecoin launchpad Pumpfun reportedly transferred 132,937 $SOL, worth around $13.74 million, to crypto exchange Kraken, according to on-chain analyst EmberCN.

The transfer happened shortly before the report. Large exchange deposits can sometimes signal potential selling activity, but the transaction alone does not confirm that a sale will occur.

*This is not any financial advice.

🏦 SEC Explores Onchain Shareholder Records

The U.S. Securities and Exchange Commission (SEC) is considering a framework that could allow Wall Street’s official shareholder records to move onchain.

Under the approach, regulated transfer agents would continue overseeing the records while blockchain technology could support their management and processing.

This is not any financial advice.

US to impose additional 7.5% tariff on Chinese goods