Latest Crypto News & Market Updates

Tether claims $1.5B profit, but hidden math reveals a $4.2B hit that halved its safety cushion in 90 days

Tether‘s second-quarter materials report $1.5 billion in net operating profit, earned mainly from Treasuries and repo activity. However, the attached reserve report shows a negative $3.17 billion first-half financial result, and the company’s materials do not reconcile the two figures.　　Subtracting the first quarters positive $1.04 billion financial result from that first-half figure implies a negative $4.211 billion result for the second quarter alone.　　After an $89 million net capital offset, the implied hit reduced the cushion above roughly $184 billion of liabilities from $8.23 billion to $4.11 billion in three months.　　Reconstructing the missing number　　Tethers implied financial result is negative $4.211 billion for the second quarter, followed by an implied net capital movement of positive $89 million. The total is roughly $4.110 billion, matching the reported June 30 figure, given the Mar. 31 cushion of $8.23 billion.　　Total assets fell from nearly $191.8 billion to $187.7 billion over the same stretch, the primary source of the cushion compression. Total liabilities moved only slightly higher, from $183.5 billion to $183.6 billion, over that same period.Line itemQ1 Mar. 31H1 Jun. 30Implied Q2 movementWhy it mattersFinancial result+$1.0B-$3.17B-$4.21BImplies a large Q2 hit despite reported operating profitNet capital movement+$854M+$943M+$89MSmall offset to the financial-result declineEquity cushion above liabilities$8.23B$4.11B-$4.12BReserve buffer

08-01Industry

PUMP gains 10% as Pump.fun revenue rises – Will $0.002245 break？

Pump.fun [PUMP] extended its recent momentum into the new month.　　The Solana-based memecoin launchpads token surged 10% over 24 hours, approaching the $0.002245 resistance level. Buyers remained in control as PUMP formed higher highs and held above its key moving averages.　　Interestingly, stronger protocol activity supported the move, improving the case for continued momentum.　　Is Pump.fun revenue supporting PUMP？　　Pump.funs protocol activity accelerated over the past month. The platform generated $32.84 million in Revenue over 30 days, approximately $6 million above the previous monthly total.　　Meanwhile, daily protocol Fees increased 22.6% month over month, indicating higher activity across the platform.　　Source: DeFiLlama　　Improving Revenue suggested that Pump.fun‘s usage was strengthening alongside PUMP’s rally. That alignment made the price advance more notable as network activity began supporting the bullish technical setup.　　Can PUMP break $0.002245？　　On the daily chart, PUMPs price action reflected the improving sentiment.　　The token traded above its key Exponential Moving Averages, preserving the bullish structure developed over recent weeks. Each pullback attracted buyers, allowing PUMP to climb steadily toward the $0.002245 resistance level.　　Source: TradingView　　A decisive daily close above this level could strengthen the case for another bullish move.　　By contrast, another rejection could trigger short-term profit-taking following the recent rally.　　For now, buyers appear to hold the advantage. Rising

08-01Industry

August Starts Hot: Dogecoin Spot Flows Up 116%, Is DOGE Rally Next？

Dogecoin spot flows rose 116% in the last 24 hours, according to Coinglass data, as the crypto market saw selling at Julys close. Dogecoin fell to a low of $0.068, closing July 31 with a loss of 1.42%. The profit-taking was reflected in the positive spot net flow, which rose 116%.　　In the last 24 hours, Dogecoin saw spot inflows of $30.83 million while spot outflows amounted to $30.27 million, yielding a positive spot netflow of $558,210, an increase of 116.32%.　　An increase in spot inflow might suggest coins being moved to spot exchanges, possibly to sell, while outflows might suggest withdrawals, which is indicative of buying.　　Dogecoin (DOGE), Zcash (ZEC), Cardano (ADA) and Solana (SOL) Price Analysis For August 1: Outsiders Enter the Stage　　Democrats Hate Crypto More Than Oil Companies and Data Centers, Poll Shows　　Cryptocurrencies including Dogecoin closed out July on the back foot. Hawkish comments from the Federal Reserve committee dulled cryptos recovery hopes, with Dogecoin closing July with a loss of 28.25% to mark its second red month since April.　　You Might Also Like　　As the market stays uncertain, the taker long-short futures market volume ratio continues to be bearish, indicating a downside bias.　　Whats next？　　Dogecoin is showing mild signs of recovery on

08-01Industry

Bitcoin Holds Monthly Gain; Analysts Warn Of Choppy August As Forced Selling Dries Up

Bitcoin is entering August with a hard-won monthly gain, but the relief may be short-lived. The largest cryptocurrency shrugged off a barrage of negative headlines in July—including a fresh wave of regulatory action and lingering macroeconomic uncertainty—yet the exhaustion of forced selling has provided the floor. Now, traders are turning their attention to a heavy calendar of U.S. economic data and central bank rhetoric that could quickly turn the market choppy again, according to the market update from CoinDesk. The consensus among analysts is that the burst of supply from distressed entities and liquidations has largely burned through, removing a source of downward pressure that had dogged the market for weeks.　　The narrative of forced selling exhaustion matters because it shifts the supply-demand balance. In June and early July, selling from bankruptcies, government wallets, and margin calls created a persistent overhang. Bitcoins ability to absorb that pressure and still close the month higher suggests underlying demand, particularly from institutional accumulation via spot ETFs and on-chain entities that have been quietly adding. The Weekly Tokenization Roundup highlights how real-world asset markets are maturing alongside crypto, and that institutional confidence is beginning to translate into spot holdings rather than just derivatives exposure.　　Why the

08-01Industry

How to Safely Buy Crypto in Minnesota Without ATMs

Starting August 1, 2026, Minnesota is changing the way people can buy and store crypto. Crypto kiosks, the ATM-style machines found in gas stations and convenience stores, are now banned. At the same time, a new law lets Minnesota banks and credit unions hold crypto for their customers.　　These two changes happened on purpose. The state wants to shut down a tool scammers loved, while opening a safer, regulated path for everyday people who still want to buy crypto.　　Why Minnesota Banned Crypto Kiosks　　Crypto kiosks look like regular ATMs, but instead of giving you cash, they turn your cash into cryptocurrency. Scammers used them constantly.　　Heres the usual trick: a scammer calls or emails you, claiming your bank account is hacked, you owe back taxes, or a family member is in trouble and needs bail money. They create panic, then tell you to rush to a nearby kiosk and feed in cash. Once that money becomes crypto, it moves overseas in seconds and is almost impossible to trace or recover.　　The Minnesota Department of Commerce investigated 134 complaints involving crypto kiosks between 2023 and 2025, and Minnesotans lost nearly $1 million during that time. A 2024 FBI report found about 11,000 complaints involving crypto

08-01Industry

‘Nothing Is 100%,’ Binances CZ Reacts as $70 Million Coldcard Exploit Stirs Panic

No Crypto Wallet Is Safe？Binances CZ Issues Safety Warnings　　The recent fraudulent attack that affected Bitcoin holders in a massive $70 million exploit involving the crypto hardware wallet Coldcard has sent shivers through the crypto community, stirring a wave of panic that has shaken investors confidence.　　Following the news of the attack, in which up to 594 BTC was drained from holders‘ wallets in less than 30 minutes, Binance’s co-founder Changpeng Zhao has sent a message encouraging crypto users to be more vigilant.　　No Crypto Wallet Is Safe？　　The incident, which has sparked reactions across the crypto ecosystem and stirred discussion about the reliability of self-custody platforms, has also triggered a response from CZ, who issued a few safety measures.　　Dogecoin (DOGE), Zcash (ZEC), Cardano (ADA) and Solana (SOL) Price Analysis For August 1: Outsiders Enter the Stage　　Democrats Hate Crypto More Than Oil Companies and Data Centers, Poll Shows　　In his statement, Binances CZ reminded users that no crypto platform is completely immune to security flaws, regardless of its reputation or track record.　　card　　He explicitly referred to hardware wallets and even older crypto wallets with a long history, noting that either of them can have bugs.　　Binances CZ Issues Safety Warnings　　However, the good news is that there is

08-01Industry

South Korean exchanges switch to survival mode as crypto winter extends

After first-half trading turnover fell 54.6% from a year earlier, South Koreas five won-based crypto exchanges are rebuilding their businesses around bank and brokerage partnerships, institutional services and regulatory cleanup.　　Due to trading volume being down by 55%, exchanges are changing their business models to survive.　　What is happening to South Koreas crypto market？　　The combined first-half turnover at Upbit, Bithumb, Coinone, Korbit and Gopax reached $366.58 billion, representing a 54.6% drop year over year. The five companies reached a cumulative volume of roughly 17.3 trillion won from July 1 to 27. This represents a 16.9% drop from the same stretch a month earlier.　　The market has been shrinking against local stocks for months. In July, the five exchanges averaged 597.8 billion won ($406.5 million) in daily turnover, equal to just 1.59% of the KOSPI stock markets daily average. That ratio was above 11% in January before falling to around 6% in March and April and about 2% in May.　　For comparison, domestic crypto volume reportedly hit as high as 21 trillion won in a single day in November 2024, when traders bet on crypto-friendly policy from a second Trump administration.　　Notably, Bitcoin‘s average daily move ran 1.25% in the first half and altcoins 1.79%, both

08-01Industry

Northern Lights Update: These 10 States Could See The Aurora Saturday

Topline　　Up to 10 states may get a look at the northern lights Saturday night, according to a forecast from the National Oceanic and Atmospheric Administration, which predicts mild auroral activity to last through the weekend.　　The Northern Lights, formed by the interaction between charged particles from the Sun and the Earths magnetic field, are seen in the Backsjon area near the city of Umea in northern Sweden on February 15, 2026.　　Photo by Metin Aktas/Anadolu via Getty Images　　Key Facts　　NOAA issued a Kp index of five for Saturday night, which means for those in the right areas, the aurora can be “quite pleasing” to look at.　　Geomagnetic storms capable of enhancing northern lights showings are not forecast for Saturday.　　Observers may be able to get another shot at seeing the northern lights Sunday, when the Kp index is expected to drop to four as auroral activity moves farther north.　　Where Will The Northern Lights Be Visible？　　The aurora borealis can be seen in areas includingnorthern Washington, the northern tip of Idaho, northern Montana, the northernmost stretch of Wyoming, North Dakota, northern South Dakota, the northern half of Minnesota, the northern tip of Wisconsin and the Upper Peninsula of Michigan. As usual, much of Alaska will have the

08-01Industry

MicroStrategy Post-Earnings CLARITY Act Push Could Add New Catalyst for Its Stock

MicroStrategy endorsed the CLARITY Act on Friday, one day after reporting an $8.22 billion quarterly loss. The bill would rewrite how the United States regulates digital asset trading.　　The endorsement hands MSTR shareholders a second variable to price. Regulatory momentum now sits beside the loss, a rising dividend bill, and a share price near 52-week lows.　　Why the Timing Matters　　Strategy, formerly MicroStrategy, reported second quarter results on July 30 and backed the market structure bill the next day. That sequence turned a policy statement into an earnings postscript.　　We support the CLARITY Act and believe a clear, durable market structure framework would help advance the digital asset industry and encourage broader institutional adoption in the United States. $BTC　　The quarter was brutal. An $8.32 billion write-down produced an $8.22 billion net loss, or $24.45 per diluted share. A year earlier the same line delivered $32.60 of profit.　　The market answered on Friday. MSTR closed at $93.28, down 4.56%, within 14% of its 52-week low of $81.81. Clear Street trimmed its price target to $201 from $240.　　Strategys MSTR Stock Performance. Source: Yahoo Finance　　Management therefore needed a story the quarter could not supply. Backing clearer rules delivered one.　　What Clearer Rules Would Change for MSTR　　The bills central jurisdictional

08-01Industry

Why a guaranteed 4.47% yield on $44 billion of US debt just raised the hurdle for Bitcoin

The US government sold $44 billion of seven-year debt on July 28, and buyers accepted it at a yield of 4.473%. That was 21.3 basis points above the 4.260% yield awarded at Junes Treasury auction.　　Investors could lend money to Washington for seven years, collect regular interest, and lock in a return approaching 4.5% before the Federal Reserve announced its next rate decision.　　Bitcoin offered no comparable promise. It pays no contractual interest, can lose several percentage points in a day, and requires investors to believe future appreciation will justify the added volatility.　　The Treasury auction therefore raised Bitcoins hurdle before Fed officials voted. Leaving rates unchanged could prevent an immediate shock, but BTC needed the central bank to make lower future yields believable.　　The Treasury auction wasnt a buyer strike　　The Treasury borrows by selling bills, notes, and bonds at auction. Investors submit bids stating how much debt they want and the minimum return they will accept, and the government awards the securities at the yield required to sell the full offering.　　A higher clearing yield means buyers demanded more compensation. Inflation risk, expectations for Fed policy, heavy government borrowing, and attractive returns elsewhere can all push that number higher. It doesnt necessarily mean investors

08-01Industry

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