Latest Crypto News & Market Updates

Anchorpoint names HashKey as distributor for Hong Kong dollar stablecoin HKDAP

Anchorpoint Financial has appointed HashKey Exchange as an authorized distributor for its Hong Kong dollar-backed stablecoin HKDAP, giving eligible institutions and professional investors access to minting, redemption, and fiat conversion during the tokens beta rollout.　　HashKey opens HKDAP access to eligible investors　　According to an Aug. 12 announcement from HashKey Exchange and Anchorpoint Financial, HashKey will support the distribution, trading, and related services for HKDAP as one of the stablecoins authorized distributors.　　Access remains limited during the beta stage. Eligible institutions and professional investors can obtain the token through HashKeys app and other supported channels, while retail customers have not yet been included in the rollout.　　HashKey has also processed its first HKDAP minting and redemption transaction with eligible clients. The completed transaction covered the conversion of fiat currency into HKDAP and the redemption of the stablecoin back into fiat, providing an initial test of the tokens on- and off-ramp process.　　Authorized distributors serve as an operational link between Anchorpoint, which issues HKDAP, and approved customers seeking to use or redeem it. Under the distribution model, HashKey can use its existing institutional network and licensed exchange infrastructure instead of Anchorpoint serving every client directly.　　Haiyang Ru, CEO of HashKey Exchange, said the platform would connect the

08-13Industry

The AI-Generated Pattern Hides You From Surveillance Cameras—Including Flock

In briefBill Swearingens noRecognition project generates patterns that stop camera software from classifying what it covers—people, faces, or cars.The patterns defeated all 11 open-source detection algorithms he tested, including the software behind Flock license plate readers, Axon body cameras, and Clearview AI.The first public test came Friday at Def Con in Las Vegas: a 2009 Toyota Yaris wrapped in the pattern, driven past a Flock camera.　　Bill Swearingen spent the past year running one experiment over and over from his home in Kansas City, where he co-founded the SecKC security meetup. About 31 million tests later, he says he can produce patterns on demand that hide whatever they cover from the detection software wired into Flock cameras—the controversial surveillance system being rolled out across America.　　He showed it in public for the first time Friday at Def Con, working with the YouTube channel Donut Media to cover a 2009 Toyota Yaris in one of his newest patterns and roll it past a Flock camera.　　Myriad: How many days will Claude go down in August？ Click to make your prediction.　　“We proved it was effective,” Swearingen told TechCrunch, though he said the wheels were a challenge. Donut Media said video of the demo lands in

08-13Industry

Trump sued over Truth Socials $100K paid feed

The Intercept and Freedom of the Press Foundation have sued President Donald Trump over a Truth Social service charging up to $100,000 monthly for faster access to posts that may move U.S. financial markets.　　SummaryTruth API subscriptions reportedly cost $60,000 to $100,000 per month.More than 10 customers, mainly high-frequency trading firms, have signed agreements.The lawsuit alleges violations of the First and Fifth Amendments.Trumps revocable trust holds about 41% of Trump Media, a Nasdaq-listed company.　　Truth Social lawsuit targets preferential access　　The Intercept and Freedom of the Press Foundation filed the complaint Wednesday in the U.S. District Court for the Southern District of New York, according to an Associated Press report. The case names Trump, Trump Media & Technology Group, and White House aides Daniel Scavino and Natalie Harp among the defendants.　　Seeking declaratory and injunctive relief, the plaintiffs want the court to stop the administration from giving paying Truth API customers preferential access to presidential posts containing official U.S. policy announcements. The complaint also challenges what the plaintiffs describe as an exclusive arrangement under which Trump uses Truth Social to release government information.　　Trump Media introduced Truth API in July and opened it to institutional customers on Aug. 1. As crypto.news previously reported, the company

08-13Industry

Goldman Sachs to acquire ETF manager NEOS in $2.25B deal

Goldman Sachs has agreed to acquire exchange-traded fund manager NEOS Investments for up to $2.25 billion, a deal that would add the firms Bitcoin- and Ether-linked funds to its growing ETF business.　　NEOS manages $30 billion across 19 options-based income ETFs, including the Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI) and Ethereum High Income ETF (NEHI). The crypto funds use options-based strategies designed to generate monthly income alongside exposure to Bitcoin (BTC) or Ether (ETH).　　The acquisition is expected to close in the first quarter of 2027, subject to regulatory approval, with NEOS co-founders Troy Cates and Garrett Paolella and the firms broader team set to join Goldman Sachs Asset Management.　　Goldman said the acquisition, together with its recent purchase of Innovator Capital Management, would bring its global ETF platform to about $130 billion in assets and make it the eighth-largest active ETF manager.　　Bloomberg ETF analyst Eric Balchunas described the acquisition as a “semi-shock,” pointing to NEOS‘ rapid growth since its 2022 founding and Goldman’s back-to-back acquisitions of NEOS and Innovator.Source: Eric Balchunas　　The deal comes after Goldman reduced its own disclosed crypto ETF exposure in the first quarter, exiting XRP- and Solana-linked funds while trimming positions in Bitcoin and

08-13Industry

Hyperliquid treasury Hyperion triples quarterly profits as HYPE holdings rise in value

Quick TakeHyperion DeFi reported a record quarterly net income of $31 million in Q2, more than triple the previous quarters record of $8.8 million.The gross value of the companys HYPE holdings increased to $133 million from $71 million during the quarter.Hyperions shares rose about 5% in after hours trading.　　Hyperliquid-focused treasury company Hyperion DeFi continues to buck the downturn weighing on publicly listed digital asset treasury (DAT) firms, reporting record quarterly profits of $31 million — more than triple the $8.8 million it earned during the previous quarter.　　The gross value of the companys HYPE holdings increased to $133 million during the second quarter, up from $71 million at the end of Q1 2026. This is the second-consecutive quarter Hyperion has set a new quarterly record for net income. In Q2 2025, the company reported a net loss of nearly $9 million.　　“We have redefined what it means to be a digital asset treasury. Not only have we substantially grown our treasury position in HYPE, but we have launched multiple scalable businesses and built new products and services on Hyperliquid, all while reducing our costs over time,” Hyperion CEO Hyunsu Jung said in a statement.　　Across much of the DAT sector, falling crypto prices

08-13Industry

Nvidia Q2 Earnings in 14 Days: What to Expect from NVDA Stock？

Nvidia reports Q2 earnings on August 26, and Wall Street already knows the headline number. Analysts expect about $92 billion in revenue and earnings per share of $2.08, double the year-ago figure.　　The report is due in 14 days. Nvidia guided to $91 billion, so a beat is close to assumed. What to expect beyond that is where analysts split.　　What Wall Street Expects From Nvidia Q2 Earnings　　The call begins at 5 p.m. ET. It covers the quarter that ended July 26. Nvidia set the bar itself in May. It grew to $91 billion, give or take 2%, with gross margin near 75%. Those figures come from the companys own outlook.　　$NVDA NVIDIA Q1 FY27 (April quarter).　　• Revenue +85% Y/Y to $81.6B ($2.6B beat).　　• Operating margin 66% (+16pp Y/Y).　　• Non-GAAP EPS $1.87 ($0.10 beat).　　Q2 FY27 guidance:　　• Revenue $91.0B ($3.0B beat)　　Sponsored　　Sponsored　　The year-ago quarter makes the math easy. Nvidia earned $1.05 per share on $46.7 billion in revenue. Hitting $92 billion would nearly double the top line.　　One caveat on the earnings figure. TipRanks puts consensus at $2.08 from 37 analysts. Zacks, tracked by Nasdaq, shows $2.01 from 11. The gap is small, but it decides what counts as a beat.　　Nvidia Consensus EPS Forecast. Source: TipRanks　　Analysts

08-13Industry

Japan Escaped a 30-Year Economic Slump, But Crypto Could Pay the Price

Japans economy is finally growing again after 30 lost years, JPMorgan Asset Management strategist David Lebovitz says. The escape from the Lost Decades is real, and crypto may end up paying for it.　　The Lost Decades were Japans long slump after its 1990 bubble burst, when prices fell and rates stayed near zero. That cheap money quietly funded risk bets around the world, including crypto.　　Timeline chart of BOJ policy rates from 1990 to 2026 against USD/JPY, Source: BeInCrypto　　Sponsored　　Sponsored　　Japan‘s Lost Decades Made the Yen the World’s Cheapest Money　　Japans slump had one global side effect. The Bank of Japan (BOJ) held rates near zero from 1999. It even went negative in 2016 and stayed there until 2024.　　That made the yen the cheapest money on Earth. Investors borrowed it for almost nothing and bought assets that paid more, from US bonds to tech stocks. Traders call this the yen carry trade.　　Crypto grew up inside that easy-money era. So did every other risk asset.　　Crypto Growth Trajectory　　Japans recovery is now closing the tap.　　Sponsored　　Sponsored　　The Recovery Comes With a Bill　　The good news is real. JPMorgan Asset Management global strategist David Lebovitz made the case in a televised interview. Japan is posting nominal growth, meaning growth in cash terms,

08-13Industry

Former Ripple Partner Deepens Solana Ties

MoneyGram is bringing its global cash network directly into the Solana ecosystem, launching MoneyGram Ramps on the blockchain and giving wallets, exchanges and other applications a new way to connect digital assets with physical cash.　　The rollout puts MoneyGrams established payments infrastructure behind a single integration designed for Solana applications. According to MoneyGram, developers can use its rails to enable cash deposits in more than 25 countries and cash withdrawals across more than 170 countries and territories, while MoneyGram handles identity verification, compliance, settlement and fiat payouts.　　MoneyGram acts a bridge between blockchain-based assets and the traditional cash economy.　　The first Solana wallet to integrate the service is Rift, according to MoneyGrams announcement.　　The move is significant because of MoneyGrams unusual history in blockchain payments. The company was once one of Ripples most prominent commercial partners, later became a major participant in Stellars stablecoin ecosystem, and is now expanding its infrastructure onto Solana.　　From Ripple to Stellar　　MoneyGrams blockchain story began well before its arrival on Solana.　　In January 2018, MoneyGram and Ripple announced an agreement to pilot XRP in MoneyGrams payment flows. The companies said they would explore using Ripples xRapid system for on-demand liquidity, with XRP serving as the bridge asset between currencies.　　The relationship became

08-13Industry

SEC clears Franklin Templeton funds to use onchain BENJI system for cash management

Quick TakeFranklin Templeton received a no-action letter from the SEC enabling its traditional registered funds to invest in its blockchain-based BENJI fund for cash management.The SEC said it would allow the traditional funds to hold those shares without having to meet certain physical-vault requirements.　　The U.S. Securities and Exchange Commission‘s Division of Investment Management has issued a no-action letter to Franklin Templeton, clearing the way for the firm’s traditional registered funds to invest in its blockchain-based OnChain U.S. Government Money Fund.　　In the letter, posted Wednesday, the SEC cites Section 17(f) and Rule 17f-2 of the Investment Company Act of 1940, enabling registered funds to hold shares of the onchain money market fund for cash management without meeting certain physical-vault requirements.　　“Essentially, it opens the door for Franklins registered funds (mutual funds, ETFs, etc) to hold its OnChain fund despite not technically satisfying 1940 Act custody rules,” Bloomberg analyst James Seyffart said on X.　　The decision effectively lets conventional Franklin funds access some of the operational advantages of its OnChain U.S. Government Money Fund (FOBXX), often called BENJI, including faster transaction processing and more frequent pricing updates.　　Franklin‘s onchain fund relies on an integrated record-keeping system that combines internal book-entry data with transaction records on

08-13Industry

Bitcoins $120M Betting War Draws a Brutal Map for 2026 Prices

Bitcoin-focused prediction markets are pricing a turbulent 2026, with bettors expecting sharp swings but treating six-figure prices as a distant long shot.　　Key TakeawaysPolymarket bettors give bitcoin 68% odds of hitting $70,000 before 2026 ends.Kalshi prices bitcoins shot at $100,000 before January 2027 at just 12%.Polymarket sees 81% odds bitcoin hits $62,500 in August, keeping volatility in focus.　　Bitcoin was trading near $63,500 when the markets were measured at 1:30 p.m. EDT on Wednesday afternoon on Aug. 12, 2026. Across six active markets on the leading prediction marketplaces, Polymarket and Kalshi, traders have wagered more than $120 million on where BTCs price could head next.　　Traders Price a Wide 2026 Range　　Polymarkets biggest bitcoin price market has pulled in about $52.1 million in trading. It gives bitcoin a 68% chance of hitting $70,000 sometime before the end of 2026, while the odds climb to 79% that it will touch $60,000.　　Image source: Polymarket on Aug. 12, 2026.　　That pairing is not a contradiction. Each contract asks whether bitcoin hits a specific level at any point during the period, meaning traders can price both a rally and a sell-off. The middle of the range gets murkier. Polymarket puts the odds of bitcoin reaching $75,000 at 51%, $80,000

08-13Industry

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