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Crypto & Web3CoinDesk ·

Bitcoin Slides as Institutional Firms Shift Focus from BTC to AI

Bitcoin is experiencing a decline as corporate interest pivots away from cryptocurrency toward artificial intelligence infrastructure. FxPro analyst Alex Kuptsikevich noted that companies which previously lent institutional credibility to Bitcoin are now directing their attention and capital toward AI data centers. This shift in corporate enthusiasm has left Bitcoin without a key source of institutional support. As a result, traders are now closely watching Bitcoin's flat 50-day moving average as a critical technical indicator for the asset's near-term direction.

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Crypto & Web3CoinDesk ·

FlightAware sues Kalshi for unauthorized use of data and trademark

Flight-tracking firm FlightAware has filed a lawsuit against prediction market platform Kalshi. The company alleges that Kalshi used its proprietary data and trademark without obtaining permission. Kalshi reportedly relied on FlightAware's information to settle contracts tied to flight cancellation outcomes. The lawsuit centers on claims of unauthorized data use and trademark infringement.

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Crypto & Web3CoinDesk ·

Software Stocks Diverge From Bitcoin, But History Hints at Crypto Catchup

The iShares Expanded Tech-Software ETF (IGV) has staged a notable rebound, breaking a long-standing correlation it maintained with Bitcoin. This divergence between software stocks and the leading cryptocurrency is considered rare given their historically close relationship. Analysts suggest the split may reflect differing investor sentiment toward tech equities versus digital assets in the current market environment. However, historical patterns indicate that Bitcoin has previously closed such gaps, raising the possibility it could catch up to software stock gains. Market watchers are closely monitoring whether this divergence signals a lasting shift or a temporary decoupling.

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Crypto & Web3CoinDesk ·

Luke Dashjr Steps Down as Bitcoin BIP Editor Amid BIP-110 Fork Controversy

Bitcoin developer Luke Dashjr has been removed from his position as a BIP (Bitcoin Improvement Proposal) editor following the stalling of the controversial BIP-110 fork proposal. The decision came amid growing tensions within the Bitcoin development community over the failed initiative. Dashjr has also announced he is taking a sabbatical from his roles as chair and chief technology officer at mining pool Ocean. His departure marks a notable shift in Bitcoin's core development landscape, as he had been a long-standing and influential contributor to the protocol.

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Crypto & Web3CoinDesk ·

Nvidia Signs AI Compute Deals With Six Wall Street Firms

Nvidia has entered into memorandums of understanding with six major Wall Street financial institutions to position AI compute as a recognized infrastructure asset. The agreements aim to establish AI computing power as a bankable, investable category similar to traditional infrastructure. This move signals a significant shift in how financial markets may classify and fund large-scale AI hardware deployments. The development comes amid Nvidia's broader push into a reported $500 billion AI infrastructure initiative. Analysts note the deals further widen the gap between mainstream AI compute investment and the crypto mining sector.

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Crypto & Web3CoinDesk ·

UK Parliament Group Grills Banks Over Crypto Firm Banking Access

A UK parliamentary group focused on crypto and digital assets has called on banks to justify their approach to servicing cryptocurrency and digital asset companies. The Crypto and Digital Assets All-Party Parliamentary Group raised concerns about the apparent lack of banking access available to crypto businesses operating in the country. Lawmakers are seeking transparency from lenders regarding their policies toward the crypto sector. The move reflects growing parliamentary scrutiny over whether UK banks are adequately supporting the country's emerging digital assets industry.

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Crypto & Web3CoinDesk ·

Riot Platforms shares jump 20% premarket after $9.1B Anthropic power deal

Bitcoin mining firm Riot Platforms saw its shares surge 20% in pre-market trading following the announcement of a major deal with AI company Anthropic. The agreement, valued at $9.1 billion, is structured over a 20-year term. The deal signals Riot's strategic pivot toward generating revenue from artificial intelligence infrastructure. This move reflects a broader trend in the industry, with crypto miners increasingly repositioning their energy and computing assets to serve the growing AI sector.

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Crypto & Web3CoinDesk ·

ADI Chain and Shipfinex Partner to Tokenize Ships on Blockchain

Blockchain platform ADI Chain has announced a partnership with maritime fintech firm Shipfinex to bring ship tokenization to the market. The collaboration aims to place commercial vessels on a blockchain rail, converting physical shipping assets into digital tokens. The initiative targets the $680 billion ship-finance market, which has traditionally been accessible only to a narrow pool of institutional investors. By tokenizing ships, the partners hope to democratize access to maritime assets and attract a broader range of capital. The move is part of a wider trend of applying blockchain technology to real-world asset classes valued in the trillions.

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Crypto & Web3CoinDesk ·

BTCPay Offers $190,000 Bounty to Recover Funds Lost in Lightning Wallet Exploit

BTCPay Server has announced a bounty worth up to $190,000 to help recover funds stolen in a recent security exploit. Attackers managed to steal Lightning Network Daemon (LND) credentials, which were then used to drain merchant Lightning wallets. The incident took place last week, affecting merchants who relied on BTCPay's bitcoin payment infrastructure. As an incentive, BTCPay has offered to pay 10% of any recovered funds, capped at 3 BTC, to whoever assists in retrieving the stolen assets.

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Crypto & Web3CoinDesk ·

BIP-110 Bitcoin Fork Falls 300 Blocks Behind BTC After Weekend Split

A breakaway Bitcoin chain created via the BIP-110 fork split from the main network on Saturday. Since the separation, the fork has managed to produce only two blocks, while the main Bitcoin chain has generated more than 300 in the same period. The significant block production gap highlights the fork's severely limited mining support. At its current pace, analysts suggest the divergent chain could take approximately six years to resolve the deficit on its own.

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Crypto & Web3CoinDesk ·

XRP and Ether Lead Crypto Decline as Bitcoin Struggles Below $65,000

Bitcoin failed to sustain the $65,000 level for the fourth consecutive day amid renewed market uncertainty. XRP and Ether led losses across the broader cryptocurrency market during this period. A rally in oil prices has reignited concerns about inflation, adding pressure on risk assets including cryptocurrencies. Traders are now closely watching Wednesday's upcoming U.S. inflation data, which could influence market direction. Despite the current dip, some traders remain focused on a potential move toward the $70,000 mark for Bitcoin.

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Crypto & Web3CoinDesk ·

SEC to Vote This Week on First Major Crypto Rulemaking Process

The U.S. Securities and Exchange Commission is set to hold a meeting this week to begin its first significant rulemaking effort targeting the cryptocurrency sector. The vote will initiate a formal regulatory proposal aimed at governing certain digital asset offerings. This marks a notable step by the SEC toward establishing structured oversight of the crypto industry. The proposed rulemaking process, if advanced, could shape how digital asset issuances are regulated under U.S. securities law.

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Crypto & Web3CoinDesk ·

Bitcoin mega-wallets holding 10,000+ BTC reach six-month high of 90

On-chain data reveals that the number of elite Bitcoin wallets holding more than 10,000 BTC has climbed to 90, marking a six-month high. This accumulation by large holders, often called whales, builds on earlier buying activity seen among mid-sized wallet addresses. The trend emerges against a backdrop of industry developments including fallout surrounding Coldcard and delays to the Clarity Act. Analysts view rising large-wallet counts as a signal of growing conviction among the most committed long-term Bitcoin holders.

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Crypto & Web3CoinDesk ·

Trump Media Reports $361M Crypto Loss as Bitcoin Holdings Slide in Q2

Trump Media, the parent company of Truth Social, disclosed significant losses in its cryptocurrency portfolio during the second quarter. The company held 9,477 Bitcoin valued at approximately $557 million as of the end of June. Its position in Cronos also declined sharply in value during the same period. The combined losses across its crypto holdings amounted to $361 million. The figures highlight the financial risks the media firm faces from its exposure to volatile digital assets.

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Crypto & Web3CoinDesk ·

Bitwise analyst says Circle is undervalued amid stablecoin market growth

Bitwise analyst Ryan Rasmussen argues that investors are currently mispricing Circle, the stablecoin issuer behind USDC. Rasmussen believes the market is underestimating Circle's potential as the broader stablecoin sector moves toward multi-trillion dollar valuations. He points to Circle's expanding payments infrastructure as a key factor driving its long-term value. The comments suggest growing institutional interest in stablecoin-related companies as the sector matures.

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Crypto & Web3CoinDesk ·

Strategy holds $4.75B cash reserve as Bitcoin alone fails to satisfy investors

Strategy has accumulated a $4.75 billion cash cushion alongside its substantial Bitcoin holdings. The move comes after the company recognized that traditional investors do not treat Bitcoin reserves as an equivalent to cash or dollars. Despite holding massive amounts of Bitcoin, Strategy found that institutional and conventional investors still demand liquid dollar reserves. The cash buffer reflects a strategic shift to meet broader investor expectations beyond its crypto-heavy balance sheet.

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Crypto & Web3CoinDesk ·

Grayscale Quietly Withdraws ETF Plans for Cardano, Polkadot and Hedera

Grayscale Investments has abandoned its plans to launch exchange-traded funds for three cryptocurrencies: Cardano, Polkadot, and Hedera. The asset manager confirmed it no longer intends to move forward with these proposed offerings. None of the filings had received regulatory approval or become effective. No securities were issued or sold in connection with the withdrawn plans.

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Crypto & Web3CoinDesk ·

Jupiter's Lend v2 Lets Deposits Double as Trading Liquidity on Solana

Solana-based DeFi platform Jupiter has launched Lend v2, a new lending product that allows a single deposit to serve dual purposes. The feature converts both deposited and borrowed assets into liquidity for trading activity. Returns for users are tied to the volume of swap traffic that Jupiter's router directs toward the new vaults. The model means higher yields depend on whether the platform generates sufficient trading flow to support the system.

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Crypto & Web3CoinDesk ·

Bitmine Slows Ethereum Purchases, Redirects Capital to Share Buybacks

Bitmine has scaled back its Ethereum acquisition strategy, shifting focus toward repurchasing its own shares. Chairman Tom Lee indicated that easing financial conditions could provide a favorable backdrop for the broader cryptocurrency market. The pivot comes despite ongoing uncertainty in the U.S. crypto regulatory landscape. The CLARITY Act, a key piece of crypto legislation, failed to advance to a Senate vote before lawmakers departed for the August recess.

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Crypto & Web3CoinDesk ·

Solstice Finance Launches Solana's First Strategy STRC Structured Product

Solstice Finance has introduced the first Strategy STRC-based product on the Solana blockchain. The offering takes the form of a vault that processes income generated from Strategy's preferred stock. This income is then divided into two distinct token types to suit different investor risk appetites. The senior token is designed for lower-risk investors, while the junior token targets those willing to accept higher risk for potentially greater returns.

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