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Crypto & Web3CoinDesk ·

Bitcoin Dips Near $64,000 as Rising Yields and Oil Prices Weigh on Markets

Bitcoin fell approximately 0.6% from midnight UTC, hovering around the $64,000 level amid broader market pressure. US equity futures also declined, with Nasdaq 100 futures slipping 1.1% as rising yields and oil prices dampened investor sentiment. The crypto market's cautious tone comes ahead of two key events scheduled for Wednesday. Traders are closely watching the release of the Federal Open Market Committee's July meeting minutes, which could signal the Fed's next policy moves. A White House crypto summit is also set for Wednesday, adding further significance to the day for digital asset markets.

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Crypto & Web3CoinDesk ·

Bitcoin rises 2.6% as S&P 500 slips 0.5% in rare divergence

Bitcoin outperformed U.S. equities on Monday, gaining 2.6% while the S&P 500 fell 0.5%. This marks a notable reversal from Bitcoin's recent trend of underperforming relative to American stock markets. The divergence highlights a rare decoupling between the leading cryptocurrency and Wall Street. Such instances of Bitcoin moving independently of equities are considered uncommon in the current market environment.

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Crypto & Web3CoinDesk ·

Bitcoin Steadies Near $64K as Treasury Yields and Oil Prices Surge

Bitcoin is holding its position around $64,000 despite growing pressure on risk assets across global markets. The 30-year US Treasury yield climbed to its highest level since 2007, signaling tightening financial conditions. Brent crude oil also surged past $91 per barrel, driven in part by escalating tensions between the US and Iran. The combination of rising yields and higher oil prices has weighed on equities and dampened investor appetite for riskier assets. For now, Bitcoin appears to be maintaining its trading range despite the broader market stress.

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Crypto & Web3CoinDesk ·

Bitcoin Bulls Face Liquidation Risk as Leverage Builds and Liquidity Thins

Bitcoin long positions are accumulating as bullish traders increase leveraged bets on price gains. At the same time, market liquidity is thinning, raising the risk of sharp price swings. A specific price level has been identified where a downturn could trigger a cascade of forced liquidations. Such liquidation events can amplify losses as automated systems close positions rapidly. The combination of high leverage and low liquidity makes the market particularly vulnerable to sudden corrections.

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Crypto & Web3CoinDesk ·

Jeonbuk Bank adopts Ripple Payments for cross-border transfers as XRP dips below $1

South Korea's Jeonbuk Bank has announced it will integrate Ripple's cross-border payment service to facilitate business remittances. The bank will leverage Ripple's round-the-clock international transfer infrastructure for its clients. Despite the partnership news, XRP's price slipped below the $1 mark. It remains unclear whether the transactions will be settled using XRP or Ripple's RLUSD stablecoin.

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Crypto & Web3CoinDesk ·

Monad offered early investors $60M buyout ahead of token unlocks; nearly all declined

Ethereum rival Monad offered its early investors up to $60 million to liquidate their positions ahead of scheduled token unlocks. The buyout program was launched approximately three months before those investor unlock periods were set to begin. Despite the offer, nearly all early investors chose to decline the cash-out opportunity. The decision came as Monad's MON token was trading below its public-sale price, with the majority of the token supply still not in open circulation.

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Crypto & Web3CoinDesk ·

Bitcoin Tops $64,000 as Crypto Miners Shift Computing Power to AI

Bitcoin rose above $64,000 while most major cryptocurrencies declined. Crypto miners have reduced their computing power by approximately 20% over three quarters, reallocating resources toward artificial intelligence workloads. This shift reflects a broader industry trend of repurposing mining infrastructure for AI applications. Meanwhile, Venice's token surged 10% after the company announced it had surpassed $100 million in annualised revenue.

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Crypto & Web3CoinDesk ·

Kraken's Parent Payward Partners With Anthropic to Strengthen AI Cybersecurity

Payward, the parent company of cryptocurrency exchange Kraken, has joined Anthropic's Project Glasswing, a cybersecurity-focused AI initiative. The partnership will see Payward leverage Anthropic's AI model to identify and address security vulnerabilities. As part of the collaboration, Payward has committed to sharing its findings through open-source channels. The move signals growing interest from crypto firms in using advanced AI tools to bolster digital security infrastructure.

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Crypto & Web3CoinDesk ·

Strategy prioritizes cash reserves over buybacks, Saylor says

Strategy Executive Chairman Michael Saylor stated on Monday that share buybacks are not a current priority for the company. Instead, the firm is focusing on building its cash reserves, which have grown to $4.8 billion. Strategy is also directing attention toward its STRC operations and expanding its credit business. Saylor's comments signal a deliberate capital allocation strategy aimed at strengthening the company's financial foundation rather than returning value to shareholders through repurchases.

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Crypto & Web3CoinDesk ·

BitMart Founder Denies Audit Calls Amid Reports of Blocked Funds, Unpaid Staff

BitMart founder Sheldon Lee has dismissed growing demands for a financial audit of the cryptocurrency exchange. Lee claimed that a Chinese-language account on X spreading allegations about the platform had been hacked and was not a legitimate source. Users have reported being unable to access their funds, while separate claims of unpaid employees have added to concerns. The community is calling on BitMart to publicly disclose its wallet holdings, assets, and liabilities to verify its financial health.

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Crypto & Web3CoinDesk ·

Compound deploys $52M and new leadership to pivot toward institutional clients

Decentralized finance lending pioneer Compound is making a strategic shift toward institutional investors after losing retail interest. The protocol has committed $52 million alongside a new leadership team to drive this transition. Compound's total value locked has fallen significantly from its peak five years ago, prompting the change in direction. The move reflects a broader trend of DeFi protocols targeting institutional capital as retail trading activity has waned.

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Crypto & Web3CoinDesk ·

U.S. Treasury Proposes Rules to Implement GENIUS Act Stablecoin Law

The U.S. Treasury Department has put forward a proposal aimed at implementing key provisions of the GENIUS Act, a stablecoin legislation passed by Congress. The proposal seeks to establish foundational definitions and clarify jurisdictional boundaries outlined in the law. The GENIUS Act was completed by Congress last year, making this Treasury action a step toward its enforcement. The rulemaking effort signals the federal government's move to formalize oversight of the stablecoin sector in the United States.

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Crypto & Web3CoinDesk ·

Coldcard Hack Exposes Dangers of Trusting One Person Over Verification

A security incident involving Coldcard has sparked serious debate within the Bitcoin hardware wallet community. Foundation CEO Zach Herbert argues that the community, which prides itself on the principle of 'don't trust, verify,' paradoxically spent five years deferring to a single individual's judgment. The episode highlights how reputation alone cannot serve as a reliable security model. Herbert's commentary suggests that even communities built around trustless principles can fall into the trap of centralizing trust in one person.

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Crypto & Web3CoinDesk ·

Bitmine Acquires 4.8% of Ethereum Supply After Latest Purchase

Crypto treasury firm Bitmine, co-founded by Tom Lee, has accumulated a 4.8% stake in Ethereum's circulating supply through continued buying. The company added another 9,926 ETH in its most recent purchase last week. This latest acquisition is part of an ongoing buying streak that the firm began in June 2025. Bitmine has been consistently growing its ETH holdings as part of its core treasury strategy.

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Crypto & Web3CoinDesk ·

Strategy raises $333.7M via stock sale, holds Bitcoin position steady

Strategy, led by Executive Chairman Michael Saylor, raised $333.7 million through the sale of common stock last week. The company used the capital to boost its dollar reserves rather than acquire additional Bitcoin. Strategy also repurchased more of its STRC shares during the same period. Despite the significant capital raise, the firm's Bitcoin holdings remained unchanged. The moves reflect a strategic shift toward liquidity management while maintaining its existing crypto position.

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Crypto & Web3CoinDesk ·

Ethereum's Bogotá Upgrade Consolidates 66 Proposals Including Privacy Enhancements

Ethereum developers are working on the upcoming Bogotá network upgrade, which currently includes 66 improvement proposals under consideration. The team is in the process of narrowing down the final list of changes to be implemented. Among the key proposals is a package that would alter how wallets approve and pay for transactions on the network. This change is designed to give privacy application developers more native tools built directly into the Ethereum protocol itself.

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Crypto & Web3CoinDesk ·

Bits of Gold data breach exposes personal details of 200,000 customers

Israel's largest cryptocurrency broker, Bits of Gold, has suffered a significant data breach affecting approximately 200,000 customers. Sensitive personal information, including names, bank account details, and national ID numbers, may have been compromised in the incident. However, the company confirmed that no funds or digital assets were stolen. Bits of Gold described the breach as part of a broader global cyberattack rather than an isolated incident targeting the firm.

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Crypto & Web3CoinDesk ·

Bitcoin Options Stay Costly Even as Summer Trading Stays Quiet

Bitcoin's options market continues to price in significant price movement despite relatively calm summer trading conditions. Implied volatility, a measure of expected future price swings derived from options pricing, remains near its seasonal low point. However, options are still commanding notably higher premiums than the actual market movement would justify. This gap between implied and realized volatility means traders are paying more for hedging or speculative options positions than current market behavior warrants.

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