News

Business owner faces up to 280 years over $24M crypto Ponzi scheme

A federal jury convicted Brent Kovar of wire fraud, mail fraud and money laundering after he took $24 million from at least 400 investors.

Franklin Templeton and Hashkey roll out U.S. tokenized money fund in Asia

Tokenized U.S. treasury and money market funds are one of the fastest-growing segments in the digital asset markets, growing fifteenfold in two years.

Las Vegas businessman faces 280 years in prison after $24 million crypto fraud conviction

A federal jury convicted Las Vegas businessman Brent Kovar in a $24 million cryptocurrency scheme involving at least 400 investors.

Live updates: Bitcoin settles in under $80,000, with interest rates headed lower on Tuesday

Spot bitcoin funds took in $337.56 million on Aug. 24, extending an unbroken run of inflows that has now put real money behind a rally that started with a short squeeze.

Bitcoin ETFs add $338M as six-day inflow streak hits $2.26B

Bitcoin ETFs have drawn $2.26 billion over six trading days, while year-to-date net outflows have narrowed to about $2.57 billion.

Treasury’s bond buyback plan fights the market and heightens the danger, billionaire Druckenmiller says

The billionaire investor argues the intervention removes a vital check on government borrowing and fiscal accountability while markets remain the better judge of prices.

Monad proposes wallet upgrade that could survive lost keys and quantum attacks

The Ethereum-compatible blockchain wants users to be able to replace the keys controlling an account without changing its address, opening the door to passkeys, recovery tools and post-quantum security.

ETH MON

Bitcoin holds above $80,000 backed by ETF flows; bull market case ‘early but optimistic,’ analyst says

Analysts say it's still too early to tell if this will translate into a bull market, given sticky inflation and geopolitical uncertainty.

Franklin Templeton partners with HashKey to offer tokenized money market fund in Asia

HashKey said it has launched the Franklin OnChain US Government Liquidity Fund on the platform's Earn channel.

Crypto rally spills into dog and cat memecoins as smaller tokens double in a week

Robinhood Chain-based Cash Cat jumped more than 50% in a day, while several smaller animal-themed tokens have gained between 50% and 130% over the past week.

CASHCAT

Bitcoin traders place $2.9 million bet on a rapid price jump above $82,000

Traders are spending millions to position for further Bitcoin upside after its staggering rally to $80,000, though demand for downside protection remains firm, according to Laevitas.

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

US targets Iran’s crypto sector, cites over $100M in oil-linked payments

The US Treasury expanded sanctions to Iran’s digital asset sector, alleging a UAE-based broker processed over $100 million in crypto for oil sales.

Bitcoin tops $80,000, solana jumps 8% but rally now runs into overbought warning

BTC is up more than 25% on the week after Treasury’s bond-buyback expansion sparked a rally, while Solana led majors Tuesday as validators vote on proposals to slow new SOL creation and raise daily burns.

BTC SOL

Blockchain Association backs Treasury’s proposed GENIUS Act rules for stablecoin issuers

It backs limiting client ID requirements to direct issuer-customer transactions in the primary market, while calling for clearer definitions.

BNB Chain activates Pasteur hard fork to strengthen bridge security

BNB Chain activates the Pasteur hard fork on BSC, closing bridge and validator security gaps while targeting greater transaction capacity.

BNB

San Francisco-based gaming founder convicted of operating fraudulent crypto trading fund

Dillman faces a maximum penalty of 20 years and a $250,000 fine for each count of conviction, according to the DOJ.

CTF

Korean bank taps Ripple for payments, Pakistan opens crypto licensing: Asia Express

Asia’s biggest crypto hubs are locked in a tax-cut arms race, while Ripple will help Korea’s Jeonbuk Bank move money across borders.

XRP

Bitcoin Magazine·3d ago

Cypher Tank Returns to Lugano, Expanding Its Bet on Bitcoin Founders

Bitcoin Magazine Cypher Tank Returns to Lugano, Expanding Its Bet on Bitcoin Founders Cypher Tank Returns to Lugano for Second Season following last year's debut. This post Cypher Tank Returns to Lugano, Expanding Its Bet on Bitcoin Founders first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .

Bitcoin hits $80,000 for the first time since May as crypto recovery accelerates

BTC has now surged 38% following its June plunge as shifting U.S. Treasury policy helped bring buyers back to crypto, rejuvenating ETF demand.

Hugging Face Explores $13 Billion Sale a Month After a Rogue OpenAI Agent Hacked It

The open-source AI hub is fielding buyout interest at nearly triple its 2023 valuation, weeks after a security breach and days after Stripe's OpenRouter deal reset the price of AI infrastructure.

CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets

A judge stayed the CFTC’s civil case against a soldier who allegedly used nonpublic information for a Polymarket bet, but the regulator is trying to weigh in on the criminal case.

Strive Buys $81.5 Million in Bitcoin After Issuing More Shares

The company increased its Bitcoin holdings by 5.5%, but its Bitcoin per fully diluted share rose only about 1.4%.

Gemini plans to distribute crypto prediction markets through Apex brokerages

The proposed deal would make Gemini the exclusive venue for crypto event contracts offered through Apex’s FCM, expanding its prediction-market reach to brokerage clients.

AI Model Ox Alpha Is Free, Beats Claude Fable, and Nobody Knows Who Built It

Ox Alpha is topping benchmark scores, reads a million tokens, takes video as input, and has developers guessing who's behind it.

Why the Bitcoin Rally Looks Like a Vote Against the Dollar

Bitcoin and gold rose as the dollar weakened following expanded Treasury bond buybacks, reflecting concerns about U.S. fiscal policy, analysts say.

Bernstein sees new USDC growth cycle, sets $140 Circle price target

USDC supply increased by roughly $2 billion in seven days, with Bernstein citing higher transaction activity and several factors that could support further growth.

USDC

Bitcoin Magazine·3d ago

UK Banks Still Blocking Bitcoin, Policy Group Tells Parliament

Bitcoin Magazine UK Banks Still Blocking Bitcoin, Policy Group Tells Parliament Bitcoin Policy UK says that 40% of bank-to-exchange transfers are being blocked in Britain. This post UK Banks Still Blocking Bitcoin, Policy Group Tells Parliament first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .

Coinbase Brings Tokenized Stocks to Ethereum L2 Base

The tokens represent shares held by regulated custodian Alpaca and can be traded or used in decentralized finance applications on Base.

ETH

Bitcoin nears $80,000, but analysts say the next pullback will be key

Analysts say consolidation could strengthen bitcoin’s rally, while thin trading above $80,000 may set up sharper price moves.