Crypto Industry News & Market Trends

Bitcoin BIP-110 enters mandatory phase at 2.53% support

Bitcoins contentious BIP-110 test has moved from signaling into an actual chain split, and the first hours show miners overwhelmingly continuing to build on the existing Bitcoin chain.　　The proposal entered mandatory signaling at block 961,632 on Aug. 8 after only 51 of the previous 2,016 blocks, or 2.53%, signaled support. Nodes enforcing BIP-110 then began rejecting blocks without version bit 4.　　The latest available BIP-110 monitoring data on Aug. 9 showed the enforcing branch stalled at block 961,633 after producing only two blocks. Bitcoins non-enforcing chain had already reached 961,731, putting it 98 blocks ahead. The tracker also showed no BIP-110 signaling among the first 100 blocks of the new difficulty period on the dominant chain.　　With only 2.6% miner signaling, BIP-110 has failed to earn broad miner support. At block 961,632, its nodes will reject non-signaling blocks. BIP-110 will then stall or fork into irrelevance while Bitcoin continues normally. Bitcoin is working as designed.　　— Michael Saylor (@saylor) August 8, 2026　　Bitcoin BIP-110 split widens after miner support stays low　　The split began because BIP-110 applies different validity rules during its mandatory signaling window. According to the official BIP-110 specification, enforcing nodes must reject any block between heights 961,632 and 963,647 that fails to

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IMF warns local stablecoins could speed dollar adoption

Domestic stablecoins designed to strengthen the role of national currencies could have an unintended effect: making it easier for users to move into digital dollars.　　SummaryIMF says local stablecoins could accelerate dollar-token adoption by making onchain currency conversion easier globally.Nearly 99% of stablecoins remain dollar-denominated, reinforcing network effects that local tokens struggle to match.South Africa shows limited dollar-stablecoin use while rand-linked tokens have attracted weaker demand so far.IMF recommends regulating onramps, offramps and onchain exchanges when stablecoins expand access to foreign currency.BIS found stablecoin inflows broadly similar across economies with and without cross-border usage restrictions imposed.　　International Monetary Fund First Deputy Managing Director Dan Katz raised the concern on Aug. 7 during a speech at the University of Cape Town, as regulators weigh how stablecoins could reshape payments and foreign currency demand in emerging markets.　　Katz said local currency and dollar stablecoins operating on the same blockchain infrastructure can make foreign exchange conversion easier. Users can potentially swap between them through decentralized exchanges, liquidity pools or peer to peer transactions instead of relying exclusively on banks and conventional currency dealers. In that environment, local tokens “might even accelerate the adoption of FX stablecoins,” he said. The IMF has not presented that outcome as

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Trump Media, Crypto.com end $6.42B CRO treasury deal

Trump Media & Technology Group is pulling back from one of its biggest crypto expansion plans less than a year after announcing it.　　SummaryTrump Media, Crypto.com and Yorkville terminated the proposed $6.42 billion CRO treasury combination on Friday.Truth Social will market Crypto.com prediction products instead of directly integrating prediction markets into platform.The canceled treasury expected $1 billion in CRO plus a $5 billion Yorkville equity line.Trump Media is prioritizing its pending TAE merger, which it hopes to close during 2026.Separate ETF servicing plans involving Crypto.com were also canceled, while Yorkvilles existing funds remain unchanged.　　On Aug. 7, Trump Media, Crypto.com and Yorkville Acquisition Corp. Mutually terminated their proposed business combination to establish Trump Media Group CRO Strategy, a company designed around a multibillion dollar Cronos treasury. The companies cited “prevailing market conditions” and changing business and stakeholder priorities.　　JUST IN: Trump Media cancels $CRO treasury deal with Cryptocom　　The company cited market saturation as the reason for ending the planned partnership pic.twitter.com/AFfI1Kn0gD　　— crypto.news (@cryptodotnews) August 8, 2026　　The decision comes as Trump Media shifts attention toward its media operations and pending merger with TAE Technologies. The all stock TAE transaction was valued at more than $6 billion when announced in December 2025. Meanwhile, Trump Media

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Galaxy says Ethereum, Solana may rethink token inflation models

Galaxy Research Vice President Lucas Tcheyan said on Aug. 7 that Ethereum and Solana are confronting a similar policy question: how much token issuance is needed to pay for network security, and when does that security budget become more costly than useful？ The debate is moving through proposal processes on both networks, but neither blockchain has approved an inflation change.　　SummaryEthereums tapered issuance proposal is now EIP-8363, after editors reassigned its initially reported proposal number.EIP-8363 would burn rising validator rewards and remove issuance incentives near a 50% staking ratio.Solanas SIMD-0550 would double annual disinflation to 30%, cutting projected emissions by 18.9 million SOL.Solana governance requires two-thirds support from decisive stake after proposals complete an eleven-epoch voting process.Galaxy says both networks are reassessing security budgets, with no final inflation changes approved yet.　　One important update concerns Ethereum‘s proposal number. Galaxy initially referred to the Tapered Issuance Burn proposal as EIP-8361. Ethereum’s EIP editors later assigned it EIP-8363 because EIP-8361 had already been allocated elsewhere. The EIP-8363 pull request remained open as of Aug. 9, and an editor requested changes on Aug. 6.　　Galaxy Research: Ethereum, Solana Reconsider Inflation Schedules　　Galaxy Research Vice President Lucas Tcheyan said that Ethereum and Solana are facing the same key

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XRP Ledger Loses 90% of Volume, But This Drop Is Not Critical

XRP Ledger has recorded a sharp contraction in payment volume after another temporary burst of unusually high activity. Daily payment volume briefly exceeded 600 million XRP on August 7 before collapsing toward comparatively negligible levels by August 9. From the local peak, the decline approaches 90% and could initially look like a major deterioration in network usage.　　XRPs payment volumes are finally back　　Over the past month, XRP Ledgers payment volume has been incredibly erratic, with frequent short-lived spikes followed by returns to baseline activity. In August, there was yet another surge. XRP Ledgers volume hit roughly 614.9 million XRP. There was no consistent rise in payment activity as a result of either move.　　XRP/USDT Chart by TradingView　　This is significant because, rather than the disappearance of established transaction demand, the most recent 90% decline primarily reflects normalization from an abnormal peak. Before the move could plausibly point to a structural decline in network usage, XRP Ledger would need to stay at low levels for a significant amount of time.　　The price of XRP is still under pressure. The price chart paints a worse picture. XRP is trading at about $1.036 and is below every significant moving average displayed on the daily chart. The larger

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11-Year-Old Ethereum ICO Whale Makes First Move in 7 Years

An Ethereum whale with a history dating back to the 2015 initial coin offering (ICO) has abruptly resumed activity, shifting a portion of a position that had been idle for about seven years. The address is especially noteworthy because it is one of the networks oldest identifiable holders, having initially amassed 40,000 ETH during Ethereums early stages.　　Ethereum balance isnt stabilizing　　But rather than the whales ETH balance, the most recent move concerns its Maker (MKR) holdings. The investor amassed 7,020.84 MKR between September 2018 and May 2019 at an average acquisition price of roughly $828.92, according to the on-chain data that was supplied.　　The original cost of the entire position was approximately $5.81 million. The whale moved 3,510.42 MKR to a new address after being stationary for years. The transferred position carries about $1.51 million in unrealized profit and is valued at about $4.41 million at the reported market price. Importantly, the tokens have simply relocated to a different address.　　ETH/USDT Chart by TradingView　　As of right now, there is no proof that they were sold or deposited on an exchange. The transaction is less bearish than a direct exchange deposit because of this distinction. Transferring assets between private addresses may indicate changes in

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MARA pledges 18,750 BTC for $600M in new loans

MARA Holdings secured $600 million of new borrowing on Aug. 4 after pledging 18,750 BTC worth about $1.2 billion as initial collateral, according to its Aug. 6 quarterly filing with the U.S. Securities and Exchange Commission.　　The financing came from Coinbase Credit and Two Prime Lending as MARA directs more capital toward energy assets, Bitcoin mining, artificial intelligence and high performance computing.　　The loans were completed after the June quarter, when MARA reported holding 35,577 BTC with a fair value of about $2.1 billion. The pledged 18,750 BTC therefore equals roughly 53% of its reported quarter end Bitcoin holdings. MARA said it “expects to use the proceeds” for general corporate purposes, including financing part of the cash consideration for its planned Long Ridge Energy & Power acquisition.　　MARA pledged 18,750 Bitcoin as collateral for $600M in new borrowing. ????　　That equals about 53% of its 35,577 $BTC holdings.　　The loans were arranged through Coinbase Credit and Two Prime Lending. pic.twitter.com/iVti2eWxQV　　— CryptosRus (@CryptosR_Us) August 9, 2026　　MARA gets $600M while refinancing another $150M　　Although the two facilities carry $750 million of combined principal, only $600 million represents new borrowing. Coinbase provided a $450 million facility consisting of $300 million in fresh funding and the refinancing of MARAs existing

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Whales Pile Into XRP: 380 Million Coins Defend $1 Psychological Floor

While XRPs price remains stuck in place, wearing down retail investors nerves, major players have pulled off a stealth maneuver. In just one week, they snapped up more than 380 million XRP, increasing their combined balance to 8.13 billion coins.　　Data from Santiment confirms that whales are literally building a wall of money to keep the price from falling below the key $1 mark.　　Big money is clearly acting ahead of the curve after spotting a strong trigger on the charts, as analyst Ali Martinez pointed out that XRP has formed a rare buy signal from the Tom DeMark (TD) Sequential indicator on the monthly timeframe.　　This pattern is a rare sight, but it has been surprisingly accurate. Over the past six years, it predicted two of XRPs biggest rallies: a 1,074% surge in April 2020 and a 973% increase in August 2022. When the indicator produced a sell signal in April 2025, traders exited in time before a 57% collapse.　　The current whale buying proves that they are betting on history repeating itself.　　XRP supply squeeze meets regulatory gridlock at $1.06　　However, buyers will have to dismantle a real barricade before XRP can fully take off. The main battle will unfold at $1.06, as blockchain

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Brazil sets 24-hour hold on $10,000 crypto transfers

Brazil‘s central bank has ordered virtual asset service providers to hold certain crypto transfers for up to 24 hours from Jan. 1, 2027, adding a new anti-fraud layer to the country’s expanding digital asset rulebook.　　Banco Central do Brasil published Resolution BCB No. 584 on Aug. 7, covering transfers above $10,000 destined for foreign crypto providers or self-custody wallets.　　JUST IN: Brazils central bank plans 24-hour delay on crypto transfers over $10,000　　The anti-fraud rule targets moves to foreign exchanges and self-custody wallets pic.twitter.com/wxGMpKMMmO　　— crypto.news (@cryptodotnews) August 9, 2026　　The threshold applies either to one transaction or a customer‘s combined transactions during the same day. Smaller transfers can also face additional review when a provider’s risk policies identify reasons for closer scrutiny. The central bank said the measure responds to growing use of virtual assets, including stablecoins, to move proceeds from financial fraud quickly, sometimes beyond Brazil or into wallets controlled directly by users.　　Brazil crypto transfers will face new checks　　Under the central banks new anti fraud rules, a covered provider must retain the assets for 24 hours before proceeding with qualifying transfers. However, the measure is precautionary rather than a permanent freeze. A provider can complete its risk review and release the transfer before

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10,684,707 SHIB Burned With Shiba Inu Burn Rate Surge of 439%

In a recent hourly update, Shibburn reports that a total of 10,684,707 SHIB were burned in the last 24 hours, with the daily burn rate surging 439.79%. This marked an increase from the previous day, causing the burn rate to increase more than 3x.　　The over ten million SHIB tokens burned in the last 24 hours added to a cumulative total of 173.37 million burned in the last seven days. In the last 30 days, over 3.36 billion SHIB were burned, with the burn rate skyrocketing 2811.38% in this timeframe. A total of 410,843,703,896,181 SHIB has been burned in 21,502 transactions, according to the Shibburn website.　　At the time of writing, SHIB was down 1.26% in the last 24 hours and 7.38% weekly. The majority of cryptocurrencies were posting modest gains on a weekly basis after the Senate confirmed it would not vote on the Digital Asset Market Clarity Act before leaving for its August break.　　The bill, which would clarify which U.S. regulator oversees which digital assets, requires 60 votes to pass, and it is unclear whether it has received 50.　　Next week brings the U.S. employment report and July inflation data. The Federal Reserve held rates steady at 3.50% to 3.75% in

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