📰 Jim Cramer plans to sell his Bitcoin over quantum fears as BTC rises 1.6%
The CNBC personality said he’ll sell his Bitcoin holdings due to fears about quantum computing, as some cryptocurrency investors celebrated, referencing the popular “inverse Cramer” meme.
🔗 Source: Cointelegraph
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The CNBC personality said he’ll sell his Bitcoin holdings due to fears about quantum computing, as some cryptocurrency investors celebrated, referencing the popular “inverse Cramer” meme.
🔗 Source: Cointelegraph
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📰 Intesa Sanpaolo slashed IBIT stake by 94% in 2Q, tripled ether ETF holding as crypto prices slumped
Intesa Sanpaolo (ISP), Italy’s second-largest bank by market capitalization, reduced its bitcoinBTC$64,102.11exposure through the iShares Bitcoin Trust (IBIT) ETF, in the second quarter, cutting its stake by 94% and nearly eliminating call options as the price of the largest cryptocurrency tumbled.
The bank reported owning 40,723 shares of IBIT valued at $1.36 million as of June 30, down from 646,809 shares three months earlier, according toits latest filings. The bank also got rid of 99% of its call options, which give it the right, but not the obligation, to buy shares in the ETF at a predetermined price, while adding put options, which give the equivalent right to sell.
🔗 Source: CoinDesk
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Intesa Sanpaolo (ISP), Italy’s second-largest bank by market capitalization, reduced its bitcoinBTC$64,102.11exposure through the iShares Bitcoin Trust (IBIT) ETF, in the second quarter, cutting its stake by 94% and nearly eliminating call options as the price of the largest cryptocurrency tumbled.
The bank reported owning 40,723 shares of IBIT valued at $1.36 million as of June 30, down from 646,809 shares three months earlier, according toits latest filings. The bank also got rid of 99% of its call options, which give it the right, but not the obligation, to buy shares in the ETF at a predetermined price, while adding put options, which give the equivalent right to sell.
🔗 Source: CoinDesk
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📰 Bitcoin flat at $64,000 as stocks print records and Hormuz deal nears
Bitcoin and other majors were little changed on Wednesday even as global equities pushed to fresh records on renewed enthusiasm for the AI trade, leaving crypto out of a rally it would normally follow.
BTC traded just above $64,000, up under 1% on the day and roughly flat over seven days. Ether slipped to $1,864 and is down 2% on the week, the only major in the red on that view. XRP fell almost 1% to $1.07, dogecoin the same to just under 7 cents and tron under 1% to 33 cents. Solana was flat near $73.60. BNB added over 1% to $598 and leads the majors over seven days at 5%. Hyperliquid's HYPE was the standout, up 3% to nearly $56 and 3% higher on the week.
🔗 Source: CoinDesk
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Bitcoin and other majors were little changed on Wednesday even as global equities pushed to fresh records on renewed enthusiasm for the AI trade, leaving crypto out of a rally it would normally follow.
BTC traded just above $64,000, up under 1% on the day and roughly flat over seven days. Ether slipped to $1,864 and is down 2% on the week, the only major in the red on that view. XRP fell almost 1% to $1.07, dogecoin the same to just under 7 cents and tron under 1% to 33 cents. Solana was flat near $73.60. BNB added over 1% to $598 and leads the majors over seven days at 5%. Hyperliquid's HYPE was the standout, up 3% to nearly $56 and 3% higher on the week.
🔗 Source: CoinDesk
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📰 S&P gives BlackRock tokenized reserve fund top stability rating
The rating recognizes the fund’s ability to maintain a stable net asset value, while S&P separately reaffirmed USDT among the lowest-rated stablecoins under its existing assessment framework.
🔗 Source: Cointelegraph
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The rating recognizes the fund’s ability to maintain a stable net asset value, while S&P separately reaffirmed USDT among the lowest-rated stablecoins under its existing assessment framework.
🔗 Source: Cointelegraph
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📰 Circle shares fall 3% despite earnings beat as stablecoin issuer misses on revenue
Circle Internet (CRCL) shares fell about 3% in premarket trading Wednesday after an initial jump after the stablecoin issuer reported second-quarter earnings. While the company topped profit expectations, revenue came in slightly below Wall Street forecasts.
Circle posted adjusted earnings of 18 cents a share, beating analysts' consensus estimate of 16 cents, while revenue and reserve income rose 7% from a year earlier to $701 million, missing expectations of $712 million. Net income from continuing operations reached $48 million, topping analysts' estimates of $43 million, while adjusted EBITDA climbed 8% to $143 million.
🔗 Source: CoinDesk
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Circle Internet (CRCL) shares fell about 3% in premarket trading Wednesday after an initial jump after the stablecoin issuer reported second-quarter earnings. While the company topped profit expectations, revenue came in slightly below Wall Street forecasts.
Circle posted adjusted earnings of 18 cents a share, beating analysts' consensus estimate of 16 cents, while revenue and reserve income rose 7% from a year earlier to $701 million, missing expectations of $712 million. Net income from continuing operations reached $48 million, topping analysts' estimates of $43 million, while adjusted EBITDA climbed 8% to $143 million.
🔗 Source: CoinDesk
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📰 AI agent token once worth $2.4 billion ends with founder calling it dead
Nineteen months after AI16Zreached a $2.4 billionmarket cap, the founder of the project behind it has declared its successor token, ELIZAOS, dead and told holders to sell.
Shaw Walters, founder of Eliza Labs and the open-source ElizaOS agent framework, said the ELIZAOS token is finished and its foundation is closing.
🔗 Source: CoinDesk
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Nineteen months after AI16Zreached a $2.4 billionmarket cap, the founder of the project behind it has declared its successor token, ELIZAOS, dead and told holders to sell.
Shaw Walters, founder of Eliza Labs and the open-source ElizaOS agent framework, said the ELIZAOS token is finished and its foundation is closing.
🔗 Source: CoinDesk
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📰 Crypto may have institutionalized, but it still trades like a rumor mill
The defining story of this crypto cycle is institutionalization. Spot ETFs, derivatives, corporate treasuries, custody by regulated banks, stablecoins and tokenization of RWA, and a maturing rulebook have pulled the new asset class closer to traditional finance than at any point in its history. And yet short-term price action still lurches on headlines: a single tweet, a single treasury decision, a single scary data print may send the whole market into a spin.
The cliche is that retail chases headlines while institutions read the data. The more accurate picture is that the market's structure now pulls on everyone: the ETFs, treasuries and research desks that brought institutions in are the very channels that turn one story into a price move. That is not a knock on sophistication, it is the nature of a reflexive, always-on market. Which is precisely why the discipline that sets investors apart is no longer access or size, but the willingness to trust funding, flows and on-chain positioning over the narrative of the day.
🔗 Source: CoinDesk
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The defining story of this crypto cycle is institutionalization. Spot ETFs, derivatives, corporate treasuries, custody by regulated banks, stablecoins and tokenization of RWA, and a maturing rulebook have pulled the new asset class closer to traditional finance than at any point in its history. And yet short-term price action still lurches on headlines: a single tweet, a single treasury decision, a single scary data print may send the whole market into a spin.
The cliche is that retail chases headlines while institutions read the data. The more accurate picture is that the market's structure now pulls on everyone: the ETFs, treasuries and research desks that brought institutions in are the very channels that turn one story into a price move. That is not a knock on sophistication, it is the nature of a reflexive, always-on market. Which is precisely why the discipline that sets investors apart is no longer access or size, but the willingness to trust funding, flows and on-chain positioning over the narrative of the day.
🔗 Source: CoinDesk
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📰 Crypto firm RedotPay says it will defend itself ‘vigorously’ against Binance lawsuit
RedotPay, which describes itself as the world’s largest stablecoin payment card issuer, told CoinDesk Wednesday it will defend itself “vigorously” against a $470 million Binance lawsuit alleging it poached 470,000 users.
“RedotPay is aware of legal proceedings initiated by Binance and will vigorously defend all claims,” the firm said in an emailed statement. “The Company rejects the unfounded allegations made against it and its co-founders.”
🔗 Source: CoinDesk
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RedotPay, which describes itself as the world’s largest stablecoin payment card issuer, told CoinDesk Wednesday it will defend itself “vigorously” against a $470 million Binance lawsuit alleging it poached 470,000 users.
“RedotPay is aware of legal proceedings initiated by Binance and will vigorously defend all claims,” the firm said in an emailed statement. “The Company rejects the unfounded allegations made against it and its co-founders.”
🔗 Source: CoinDesk
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📰 Here are the possible outcomes for Clarity right now
The fate of the crypto market structure legislation is in a precarious place as the clock ticks down to the Senate's summer recess.
The U.S. Senate has not yet indicated whether it will work on the Digital Asset Market Clarity Act, with justtwo days left in session, and there is no official word on whether or when the legislative body might vote on the bill.
🔗 Source: CoinDesk
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The fate of the crypto market structure legislation is in a precarious place as the clock ticks down to the Senate's summer recess.
The U.S. Senate has not yet indicated whether it will work on the Digital Asset Market Clarity Act, with justtwo days left in session, and there is no official word on whether or when the legislative body might vote on the bill.
🔗 Source: CoinDesk
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📰 CASHCAT jumps 120% in a week as Robinhood Chain hits $774 million of value locked
The cat-themed token that dominated Robinhood Chain's first trading days is up 120% over the past week, recovering part of the slide that followed July's launch frenzy, even as the wave of tokens it launched alongside has thinned out.
CASHCAT tradesnear 8.7 cents, up 22% in the past 24 hours, with a market cap around $86 million on $9 million of daily volume. However, that is still well short of the roughly 22 cents it reached in mid-July.
🔗 Source: CoinDesk
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The cat-themed token that dominated Robinhood Chain's first trading days is up 120% over the past week, recovering part of the slide that followed July's launch frenzy, even as the wave of tokens it launched alongside has thinned out.
CASHCAT tradesnear 8.7 cents, up 22% in the past 24 hours, with a market cap around $86 million on $9 million of daily volume. However, that is still well short of the roughly 22 cents it reached in mid-July.
🔗 Source: CoinDesk
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📰 XRP whales keep buying the dip, but ether shows deeper capitulation
Large XRP holders have kept buying through the token's slide from about $2.40 in January to the current $1.00 to $1.20 range, but they are doing it without lifting the market.
Data from onchain analysis firm CryptoQuant shows average spot order sizes have stayed in what the firm classifies as “big-whale” territory throughout 2026. At the same time, 90-day taker cumulative volume delta, which measures whether buyers or sellers are the aggressors in a trade, has drifted to neutral after a taker-buy-dominant start to the year.
🔗 Source: CoinDesk
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Large XRP holders have kept buying through the token's slide from about $2.40 in January to the current $1.00 to $1.20 range, but they are doing it without lifting the market.
Data from onchain analysis firm CryptoQuant shows average spot order sizes have stayed in what the firm classifies as “big-whale” territory throughout 2026. At the same time, 90-day taker cumulative volume delta, which measures whether buyers or sellers are the aggressors in a trade, has drifted to neutral after a taker-buy-dominant start to the year.
🔗 Source: CoinDesk
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📰 Bitcoin steadies above $64,000 as traders watch $100 billion SpaceX unlock
Bitcoin held above $64,600 on Thursday, up marginally on the day and 0.5% on the week, while the rest of the majors offered little in the way of direction.
Attention is also on Elon Musk-owned SpaceX, where roughly $101 billion of stock becomes tradable Thursday as the first lockup expires. The company holds 18,712 BTC, worth about $1.1 billion at the end of June.
🔗 Source: CoinDesk
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Bitcoin held above $64,600 on Thursday, up marginally on the day and 0.5% on the week, while the rest of the majors offered little in the way of direction.
Attention is also on Elon Musk-owned SpaceX, where roughly $101 billion of stock becomes tradable Thursday as the first lockup expires. The company holds 18,712 BTC, worth about $1.1 billion at the end of June.
🔗 Source: CoinDesk
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📰 S&P 500 added all of crypto's $2 trillion market cap in a month while bitcoin barely moved. Here's why
U.S. stocks are having their moment again, and bitcoin, as it has all year, is sitting this one out. The reasons why go beyond the obvious.
The S&P 500 index has gained 3.12% this month, adding roughly $2.1 trillion in market cap and pushing its total value to a record $70.5 trillion, with its price at 7,723 points. The Nasdaq 100 and Dow Jones Industrial Average are buoyant too. Wall Street, by every measure, is in full risk-on mode.
🔗 Source: CoinDesk
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U.S. stocks are having their moment again, and bitcoin, as it has all year, is sitting this one out. The reasons why go beyond the obvious.
The S&P 500 index has gained 3.12% this month, adding roughly $2.1 trillion in market cap and pushing its total value to a record $70.5 trillion, with its price at 7,723 points. The Nasdaq 100 and Dow Jones Industrial Average are buoyant too. Wall Street, by every measure, is in full risk-on mode.
🔗 Source: CoinDesk
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📰 NFT startup founder charged with misusing funds from $10 million fundraising
Federal prosecutors in Manhattan charged the founder of non-fungible token (NFT) startup Few and Far with securities fraud and wire fraud.
The prosecutors alleged that Taj Tarsha diverted more than $10 million raised from investors into online gambling, cryptocurrency speculation and personal expenses instead of building the company's marketplace.
🔗 Source: CoinDesk
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Federal prosecutors in Manhattan charged the founder of non-fungible token (NFT) startup Few and Far with securities fraud and wire fraud.
The prosecutors alleged that Taj Tarsha diverted more than $10 million raised from investors into online gambling, cryptocurrency speculation and personal expenses instead of building the company's marketplace.
🔗 Source: CoinDesk
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📰 Free Markets and Innovation, Sort Of
The Wall Street Journal's Aug. 4 editorial on the Clarity Act, "Clarity for Crypto, Sort Of," opens by warning that Congress passes bills riddled with policy landmines because members won't do the work of defusing them. That’s a fair worry in general, but it doesn’t apply here. The editorial concedes more than the headline suggests. It credits the bill with ending the regulatory gray zone the last administration left behind, with giving investors and banks rules a future administration cannot simply discard, and with opening a path for innovations like tokenized stocks and bonds that would strip friction and cost out of the financial system. All of that, in the board's own assessment, is worth supporting. The board is not calling to reject Clarity, but for tighter language on a few provisions.
Summer Mersinger is CEO of the Blockchain Association and a former commissioner of the U.S. Commodity Futures Trading Commission.
🔗 Source: CoinDesk
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The Wall Street Journal's Aug. 4 editorial on the Clarity Act, "Clarity for Crypto, Sort Of," opens by warning that Congress passes bills riddled with policy landmines because members won't do the work of defusing them. That’s a fair worry in general, but it doesn’t apply here. The editorial concedes more than the headline suggests. It credits the bill with ending the regulatory gray zone the last administration left behind, with giving investors and banks rules a future administration cannot simply discard, and with opening a path for innovations like tokenized stocks and bonds that would strip friction and cost out of the financial system. All of that, in the board's own assessment, is worth supporting. The board is not calling to reject Clarity, but for tighter language on a few provisions.
Summer Mersinger is CEO of the Blockchain Association and a former commissioner of the U.S. Commodity Futures Trading Commission.
🔗 Source: CoinDesk
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