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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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Crypto & Web3CoinDesk ·

Strategy raises $653M selling MSTR shares, trims Bitcoin holdings slightly

Strategy has raised $653 million by selling 1,690 Bitcoin, according to a CoinDesk report. The firm offloaded shares of its MSTR stock to fund the transaction, boosting its USD cash reserve to $4.65 billion. Despite the sale, Strategy retains a substantial Bitcoin position, with holdings now standing at 840,447 BTC. The move signals a selective liquidity strategy rather than a broader retreat from its well-known Bitcoin accumulation approach.

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Crypto & Web3CoinDesk ·

Coinsbuy crypto exchange loses $8M in coordinated TRON and Ethereum attack

Crypto exchange Coinsbuy has suffered a loss of approximately $8 million following a coordinated attack spanning two blockchains, TRON and Ethereum. Onchain forensic analysis has linked the breach to a single threat actor responsible for draining funds across both networks. The majority of the stolen assets were subsequently routed through FixedFloat, a cryptocurrency exchange service. Investigators have not yet determined the exact attack vector used to carry out the exploit. The incident highlights growing risks of multi-chain vulnerabilities targeting centralized crypto platforms.

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Crypto & Web3CoinDesk ·

UK's FCA Set to Unveil Draft Rules for Tokenized Digital Assets Soon

The UK's Financial Conduct Authority (FCA) is working on new regulatory rules specifically targeting tokenized digital assets, including tokenized gold. The watchdog is expected to announce progress on these draft rules within the coming months. The move reflects growing regulatory attention toward blockchain-based representations of real-world assets in the UK. By establishing clearer guidelines, the FCA aims to bring greater oversight and legitimacy to the emerging tokenized assets market.

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Crypto & Web3CoinDesk ·

Bitcoin holds above $65,000 as Iran-Oman deal talk eases Hormuz tensions

Bitcoin climbed to $65,209 as reports emerged that Iran may be negotiating a deal with Oman to reopen the Strait of Hormuz. The potential agreement helped ease concerns over disruption to one of the world's most critical shipping routes. The positive sentiment extended to broader markets, with Nasdaq 100 index futures rising 0.45%. Reduced geopolitical risk in the region appeared to boost investor appetite for risk assets, including cryptocurrencies.

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Crypto & Web3CoinDesk ·

Bitcoin Volatility Index Hits 2025 Low as Options Demand Dries Up

Bitcoin's BVIV volatility index has dropped to its lowest level of 2025, reflecting a sharp collapse in overall options demand. Despite the subdued volatility environment, traders continue to pay a premium for downside protection, signaling lingering caution. The trend of overwriting — selling call options to generate yield — surged amid the low-volatility conditions. This divergence suggests that while market activity has quieted, investors remain wary of potential price declines.

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Crypto & Web3CoinDesk ·

Hedge Funds Turn Net Long on Bitcoin CME Futures, Abandoning Short Bets

Leveraged hedge funds on the Chicago Mercantile Exchange have shifted their bitcoin futures positions from net short to net long, marking a rare reversal in their typical stance. The change comes as futures yields have weakened significantly, eroding the profitability of the once-popular basis trade strategy. The basis trade involved funds simultaneously shorting futures while holding spot bitcoin to capture the yield spread between the two. With that spread now compressed, the structural incentive to maintain short futures positions has largely disappeared. As a result, hedge funds appear to be repositioning to directly benefit from a potential bitcoin price rally.

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Crypto & Web3CoinDesk ·

Crypto Week Ahead: U.S. CPI Data, Securitize and Gemini Earnings in Focus

The week beginning August 10 is set to be a significant one for the crypto and broader financial markets. Key economic data, including the U.S. Consumer Price Index (CPI) inflation report, is expected to draw close market attention. Crypto-linked firms Securitize and Gemini are also scheduled to release earnings during the period. These events are expected to influence sentiment across both traditional and digital asset markets. Investors and analysts will be watching the data closely for signals on inflation trends and the financial health of major crypto companies.

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Crypto & Web3CoinDesk ·

Mastercard Acquires Stablecoin Firm BVNK in $1.8 Billion Deal

Payments giant Mastercard has agreed to acquire stablecoin startup BVNK in a deal valued at $1.8 billion. BVNK, which specializes in stablecoin-based payment infrastructure, attracted early backing from investor Concentric, among others. Concentric has since offered an insider perspective on the startup's growth trajectory leading up to the acquisition. The deal marks a significant move by Mastercard into the stablecoin and digital payments space.

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Crypto & Web3CoinDesk ·

Robinhood Launches Crypto Trading in UK With AI-Powered App Features

Robinhood has expanded its cryptocurrency trading services to the United Kingdom through an all-in-one app. The platform integrates artificial intelligence to enhance the trading experience for UK users. As part of the launch, Robinhood is introducing a feature called 'Robinhood Cortex Digests for Crypto,' a generative AI-powered widget. This tool is designed to analyse breaking news and other relevant data to assist users in making informed trading decisions.

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Crypto & Web3CoinDesk ·

Bitcoin Holds Above $65,000 Despite Senate Delay on Crypto Legislation

Bitcoin climbed above $65,000 even as the U.S. Senate failed to pass the CLARITY Act before heading into recess. Lawmakers have postponed consideration of the crypto bill until the fall session. Market momentum was supported by steady inflows into Bitcoin ETFs and a weakening U.S. dollar. Analysts noted that macroeconomic factors proved more influential on prices than the legislative standstill in Washington.

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Crypto & Web3CoinDesk ·

Simple Mining opts out of BIP-110 despite using Ocean pool that backs it

Bitcoin mining pool Ocean had been supporting BIP-110 by default on behalf of its participants. Simple Mining, a company that operates mining machines through Ocean, chose to override that default position. Ocean's software includes a feature allowing individual miners to make their own decisions on such proposals. Simple Mining exercised that option and rejected BIP-110, going against the pool's stance.

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Crypto & Web3CoinDesk ·

Bitcoin Surpasses $65,000 Ahead of Key US Inflation Data Release

Bitcoin climbed above $65,000 this week as markets awaited closely watched US inflation figures. Most major cryptocurrencies posted gains, with Bitcoin, Ether, and BNB each rising approximately 3% on the week. XRP was the notable exception, remaining in negative territory while its peers advanced. The crypto rally coincided with global stock markets trading near record levels, reflecting a broader risk-on sentiment among investors.

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Crypto & Web3CoinDesk ·

XRP Drops 5% as Bitcoin, Ethereum and Solana Post Weekly Gains

XRP declined 5% last week, bucking a broader recovery trend seen across major cryptocurrencies. While Bitcoin, Ethereum, and Solana all recorded gains during the same period, XRP failed to participate in the market bounce. Despite the price weakness, XRP-focused exchange-traded funds continued to attract investor capital. The divergence highlights a growing performance gap between XRP and its leading crypto peers.

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Crypto & Web3CoinDesk ·

Senate Delays Crypto Clarity Act Vote, but Industry Sees Silver Lining

The U.S. Senate has postponed a procedural vote on the Clarity Act, a key piece of cryptocurrency legislation, disappointing the crypto industry. The delay means the bill will not advance as soon as stakeholders had hoped. However, analysts suggest the setback may not be the worst outcome for the industry. The additional time could potentially allow for further refinement of the legislation before it moves forward.

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Crypto & Web3CoinDesk ·

Hyperliquid Revenue Slides Four Quarters Despite Record Open Interest

Hyperliquid, the decentralized derivatives platform, has seen its revenue decline for four consecutive quarters even as open interest reached an all-time high. The divergence is largely attributed to a fee-sharing program that redirects half of the platform's trading volume revenue to external builders. This arrangement has fueled growth in real-world asset perpetuals trading but at the cost of income that supports the HYPE token. The widening gap between trading activity and retained revenue raises questions about the long-term sustainability of HYPE's value backing.

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Crypto & Web3CoinDesk ·

Bitcoin Spot ETFs Pull In $853M in Best Week Since Mid-April

Bitcoin spot ETFs recorded net inflows of $853.54 million last week, marking their strongest weekly performance since mid-April. BlackRock's iShares Bitcoin Trust (IBIT) attracted the largest share of those inflows among all competing funds. The surge reflects renewed investor appetite for regulated Bitcoin investment vehicles. The strong inflow figures signal growing institutional and retail confidence in Bitcoin-linked exchange-traded products.

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Crypto & Web3CoinDesk ·

Over 100 Crypto Projects Shut Down in 2026 Amid Industry-Wide Shakeout

The cryptocurrency industry is experiencing a significant wave of project failures in 2026, with over 100 ventures folding. Analysts are drawing comparisons to the dot-com bust of the early 2000s, when speculative excess gave way to mass consolidation. The shakeout is largely attributed to unsustainable business models that lacked genuine user adoption or reliable revenue streams. Only projects with real cash flow and active user bases appear to be weathering the downturn. The consolidation is widely seen as a natural correction that could strengthen the long-term foundations of the crypto sector.

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