Latest Crypto News & Market Updates

Jump Capital bets on enterprise AI with new $350M Fund VIII

Jump Capital has closed its eighth institutional fund with $350 million in capital commitments, with the new vehicle dedicated to backing founders building AI applications, enterprise infrastructure, and cybersecurity technologies.　　In an official announcement, the venture firm said its latest investment strategy is built around three developments shaping enterprise AI adoption: software applications being rebuilt around AI, new infrastructure needed to support production-scale deployment, and cybersecurity adapting to increasingly autonomous systems.　　The firm said the new fund will continue its long-standing approach of investing in technical founders solving complex infrastructure and enterprise challenges.　　Jump Capital sees three areas driving enterprise AI　　According to the announcement, enterprise interest in artificial intelligence has moved beyond experimentation, with organizations now facing challenges around deploying AI reliably in production. Jump Capital said enterprises are struggling to realize meaningful returns because infrastructure and security have not advanced as quickly as AI adoption.　　The firm said it expects one of the biggest opportunities over the coming years to come from rebuilding the enterprise technology stack to support AI-native software.　　On the application side, Jump Capital believes AI is allowing software to execute work that previously depended on consultants, analysts, and other specialists. It said the next generation of enterprise software will become

08-04Industry

South Koreas Upbit lists HOME as Bithumb adds 2 tokens

South Koreas two largest crypto exchanges announced four new trading markets on Aug. 4, expanding local access to the HOME, META2 and USDG tokens.　　Upbit will add Defi App‘s HOME token to its Korean won and Tether markets at 17:00 Korea Standard Time. Bithumb plans to open Korean won markets for MetaDAO’s META2 and Global Dollar, or USDG, at 16:00 KST. The exchanges said the opening times could change if they do not secure enough liquidity.　　The announcements place a cross chain DeFi token, a market based governance token and a dollar stablecoin in front of South Korea‘s active retail market. However, the listings do not change the projects’ underlying technology, token supply or regulatory status.　　Upbit gives HOME direct won and USDT access　　Upbit said deposits and withdrawals for HOME would open within two hours of its notice. It will support the token through Base only. Users who send HOME through another network may face delays while seeking a return of the unsupported deposit.　　Upbit to List HOME; Bithumb to Add META2 and USDG　　South Koreas largest crypto exchange Upbit will list Defi App (HOME) on KRW and USDT markets. Defi App is a cross-chain DeFi platform supporting EVM and Solana ecosystems, offering token trading,

08-04Industry

Galaxy estimates Coldcard exploit may have stolen up to 2,055 Bitcoin

Galaxy Research has estimated that losses tied to the Coldcard hardware wallet vulnerability have reached 1,596 Bitcoin across confirmed attack waves and could climb to about 2,055 BTC, or nearly $130 million, if a suspected fourth wave is verified.　　Galaxy Research said in a post published Monday on X that it has identified 1,596 BTC stolen from 7,300 addresses across three confirmed waves of attacks, along with 14 smaller security incidents linked to the Coldcard seed-generation flaw.　　The research firm said its latest estimate excludes a fourth suspected attack wave because it has not yet received enough confirmation from affected wallet owners. If the additional activity is validated, the total would rise to 2,055 BTC, valued at about $130 million at current prices.　　Earlier blockchain analysis from Galaxy had estimated roughly 1,815.75 BTC moving across four observed waves, but the firm emphasized at the time that the figures came from on-chain analysis rather than confirmed victim reports. The latest update narrows confirmed losses while keeping the larger estimate tied to the still-unverified fourth wave.　　Coldcard attack investigation remains active　　Galaxy said it has identified what it believes is a fourth coordinated wave of theft but is still waiting for victim confirmation before adding those addresses

08-04Industry

Tyler Williams exits Treasury as CLARITY stalls

Tyler Williams, one of Treasury Secretary Scott Bessents senior digital asset advisers, left the U.S. Treasury Department on July 31 as Congress struggled to advance the CLARITY Act before its August recess.　　Bessent confirmed the departure in a statement reported by Punchbowl News on Aug. 3. He called Williams “instrumental” in advancing the administrations goal of making the United States the “crypto capital of the world.”　　Punchbowl reported that Williams is “expected to return to the private sector,” although neither his next employer nor his future position was disclosed.　　Treasury had not announced a replacement as of early Aug. 4. Its public press release page also contained no formal statement about Williams‘ departure, leaving Bessent’s remarks to Punchbowl as the main confirmation.　　Tyler Williams helped shape Treasurys digital asset agenda　　Tyler Williams joined Treasury in February 2025 as counselor to the secretary. His official responsibilities included advising Bessent on digital assets and blockchain policy. Before entering government, he served as Galaxy Digitals global head of policy and advised financial services companies through his own consulting firm.　　His earlier government roles included deputy assistant secretary for financial institutions policy during President Donald Trumps first administration and banking counsel to Sen. Thom Tillis. That experience placed Williams between

08-04Industry

CLARITY Act failure could send crypto valuations lower: Bernstein

The odds of the Digital Asset Market Clarity Acts (CLARITY) passage are dwindling as the US Senate is scheduled to begin summer recess at the end of this week, threatening another leg down for cryptocurrency valuations, according to wealth manager Bernstein.　　Bernstein said that the Senates failure to pass the legislation could trigger an immediate negative “industry knee-jerk reaction,” which may result in another leg down for Bitcoin and the broader crypto market.　　“From a tactical standpoint, we expect the crypto market to bottom and start showing momentum towards late Q3 and early Q4 prior to the mid-terms,” Bernstein analysts wrote in a Monday report shared with Cointelegraph.　　At the same time, however, the analysts said that Senate failure to pass the legislation may bring more proactive policy support from regulators, including the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), which may accelerate rulemaking initiatives under Project Crypto.　　Project Crypto is a regulatory initiative first announced by SEC Chairman Paul Atkins in July 2025, which was later expanded into a joint staff initiative between the SEC and CFTC in September 2025. The initiative aims to create a workable regulatory framework for digital assets using existing agency authority while Congress

08-03Industry

Strategy Sells $105M in Bitcoin as Dollar Reserve Hits $4B

In briefStrategy sold 1,638 BTC for $104.7 million in the week to Aug 2, leaving 842,138 coins.Half the proceeds funded preferred dividends and half an $81 million STRC buyback.The company has not bought Bitcoin since June.　　Strategy sold 1,638 BTC for $104.7 million in the week to Aug 2, according to an 8-K filed Monday, cutting its Bitcoin stack to 842,138 BTC from the 843,775 it had held since early July. The coins went at an average of $63,957, net of fees.　　The sales leave Strategy with an aggregate cost basis of $63.51 billion, or $75,419 per Bitcoin—$11,462 more than it took for this weeks coins.　　Strategy said $52.4 million of the sale proceeds funded dividends on its preferred stock and $52.3 million went toward repurchasing STRC shares.　　The repurchase came to $81.2 million, or 912,143 STRC shares, with the remaining $28.9 million funded out of common stock sales. It is Strategys second buyback under a $1 billion program announced June 29 and first used last week with a $25 million purchase, leaving $893.8 million of authorization outstanding.　　The company said the weeks moves extended what it calls its USD duration by 57 days, to 2.3 years, and tightened STRCs Bitcoin credit spread by five

08-03Industry

Robinhood wins UK crypto registration before new regulatory regime kicks off

SummaryRobinhood is now registered to offer cryptocurrency services in the U.K.An existing registration with the FCA means the company meets the regulators requirements where it comes to anti-money laundering.Winning permission to offer crypto services has added significance ahead of the inception of the more comprehensive framework for crypto regulation, which comes into force in October 2027.　　Crypto-friendly trading platform Robinhood (HOOD) is now registered to offer cryptocurrency services in the U.K.　　Robinhood‘s U.K. arm was added to the Financial Conduct Authority’s (FCA) list of registered cryptoasset companies as of July 31.　　The company‘s existing FCA registration means it meets the regulator’s requirements where it comes to anti-money laundering (AML). A regime for crypto firms has been in effect since 2020 and now numbers over 50 approved companies, including Ripple, Kraken and traditional finance (TradFi) giants like BlackRock and BNY.　　Winning the regulators permission to offer crypto services has added significance ahead of the inception of the more comprehensive framework for crypto regulation in the U.K. The authorization process opens at the end of September and closes at the end of February next year, ahead of the full regime coming into force in October.　　The relatively brief window for companies to register and obtain full regulatory

08-03Industry

Bitcoin, ether decline as Coldcard exploit enters a fifth day

SummaryBitcoin and ether fell as the $114 million Coldcard hardware wallet hack shook confidence in self-custody and pushed some holders back to exchanges.Derivatives markets showed mixed signals, with BTC futures open interest at a one-month high, a slightly bearish long-short skew, and options volatility steady as call bets cluster around $68,000 and $70,000.NEAR Protocol reported more than $24 billion in lifetime volume for its Intents system and rolled out quantum-safe cryptography, dynamic resharding and AI compute staking.　　Bitcoin and ether (ETH) are under pressure as the multimillion-dollar hack of the hardware wallet Coldcard enters a fifth day, raising questions over the safety of direct custody as a holding strategy.　　The incident has rocked sentiment on crypto social media, with numerous small holders complaining of losing long-term holdings and reassessing their faith in crypto.　　“Worse for sentiment, it [the hack] has spooked holders into sending coins back to exchanges, the opposite of the self-custody trend crypto is built on,” analysts at Marex said. “When the thing wobbling is cold storage itself, a cheaper barrel does not fix it.”　　Given the gravity of the situation and the $114 million of bitcoin stolen, the price reaction of the largest cryptocurrency appears relatively restrained. BTC was recently 1.5%

08-03Industry

South Africa proposes reporting rules for cross border crypto transfers

South Africa has proposed new rules requiring cross-border crypto transfers to pass through authorized providers and be reported to the central bank, expanding the countrys effort to bring digital assets under its financial control framework.　　According to local media, South Africa‘s National Treasury and the South African Reserve Bank (SARB) on Monday released a draft Crypto Asset Manual setting out when crypto transactions become regulated cross-border events and how they must be handled. The proposal forms part of the country’s ongoing overhaul of its capital flow rules first introduced in April.　　South Africa has defined when crypto transfers become reportable　　Under the draft, moving crypto offshore will only qualify as a cross-border transaction in specific situations. A report to the SARBs Financial Surveillance Department (FinSurv) would be required when crypto assets move from a locally authorized Crypto Asset Service Provider (CASP) to an offshore CASP or into a privately controlled non-custodial wallet.　　The proposal says people who wish to transfer crypto abroad would have to use an authorized provider instead of sending assets directly through unregulated channels. FinSurv would receive reports of those transactions as part of the countrys foreign exchange monitoring process.　　Domestic crypto activity would remain outside those reporting requirements. Buying or selling

08-03Industry

The reverse bridge: Crypto meets Wall Street using perps

Jan said Binance had extended a system that already allowed customers to use crypto as collateral to include traditional assets.　　“We have also copied what the U.S. market did in over 40 years in two weeks,” Jan said. “But now thats expanded to TradFi assets.”　　Large funds are not yet placing much long-term risk on decentralized exchanges. Ilag said funds would need clear rules for custody and clearing, protections comparable to central clearing and custody services designed for institutional investors.　　“That will take years,” Ilag said. “Near term, Im skeptical of inflows to decentralized venues.”　　He expects licensed centralized exchanges that settle through crypto systems to attract more institutional business in the near term. Hacks and concerns about smart-contract security remain barriers for decentralized platforms, he said.　　“What most people want isnt the ideology of decentralization but a strong product, like a perp on a traditional index, with a license and guarantees behind it,” Ilag said.　　Crypto exchanges still need benchmark data, licenses, banks, custodians and market makers to offer traditional products.　　“The assets are why people show up, as everyone wants the exposure,” Ilag said. “The lasting advantage is what this does to market structure.”

08-03Industry

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