Latest Crypto News & Market Updates

Bitget signs Bhutan agreement to pursue crypto license in GMC

Bitget has signed a cooperation agreement with Bhutan‘s Gelephu Mindfulness City Authority to establish a local presence and pursue a Financial Services Licence under the city’s virtual asset framework.　　According to Bitget, the agreement provides a framework for the exchange to establish a legal entity in Gelephu Mindfulness City (GMC), prepare an application for a Financial Services Licence under the regulatory framework administered by the Gelephu Financial Services Office (GFSO), and collaborate with the Gelephu Mindfulness City Authority (GMCA) on operational, regulatory and ecosystem development workstreams. The company said the cooperation remains subject to the required regulatory approvals.　　Bitget plans legal entity and license application in Bhutan　　Under the announced framework, Bitget intends to establish offices in GMC over time and hire locally as part of its long-term presence in Bhutan. The company said the local setup will support talent development, knowledge transfer and capability building alongside its exchange operations.　　Gracy Chen, chief executive officer of Bitget, said Bhutan combines long-term planning, renewable energy resources and a regulatory framework that supports digital assets. She added that the company intends to contribute exchange infrastructure, operational experience and local talent development as the ecosystem develops.　　The agreement also commits both parties to cooperate on regulatory processes and

08-06Industry

More than $30 million stolen in violent crypto attacks in 2026 as France emerges as 'wrench attack' hotspot: Chainalysis

Quick TakeViolent criminals have robbed crypto holders of more than $30 million through mid-2026, putting the year on pace to surpass 2025s record $58 million, per Chainalysis.The blockchain analytics firm said France has emerged as the epicenter following a compromise of French tax-agency records that widened the pool of targetable holders.　　Violent criminals have stolen more than $30 million in cryptocurrency from holders through the first half of 2026, putting the year on track to become the worst on record for physical attacks on crypto owners, Chainalysis said Thursday.　　The figure counts only successful thefts and cases where a victim gave up funds. Figures provided by the blockchain analytics firm noted that this year trails 2025s full-year record of $58 million but notably arrives at mid-year.　　Chainalysis warned the pattern would surpass that total if it holds through the second half.　　Counting attempts as well as completed thefts — ransoms demanded, coerced transfers that were blocked, and funds later frozen or recovered — the totals run far higher, at roughly $316 million in 2024, $180 million in 2025, and $107 million so far in 2026, according to the firm.　　Chainalysis called even those figures a likely undercount, since they capture only reported attacks.　　The attacks, known

08-06Industry

BNB tops Grayscale Smart Contract Fund at 30.6%

Grayscale Investments added BNB to its Smart Contract Fund during its second quarter review, placing the token above Ether and Solana in the portfolio as of Aug. 3.　　SummaryBNB entered Grayscales Smart Contract Fund at 30.6%, surpassing Ether and Solana by portfolio weight.Ether retained 29.47%, while Solana held 29.15% after Grayscales second quarter rebalancing completed on August 3.Uniswap remained Grayscales largest DeFi holding at 34.16%, despite the fund reducing its UNI exposure.NEAR led the AI Fund at 31.35%, even after Grayscale sold part of its position.The funds rebalance quarterly under index methodologies, and published weightings may change after August 3.　　The U.S. asset manager assigned BNB a 30.6% weight, compared with 29.47% for Ether and 29.15% for Solana, according to its Aug. 5 release.　　The change made BNB the largest component immediately after its addition. However, the rebalance followed the CoinDesk Smart Contract Platform Select Capped Index methodology. Grayscale did not describe the move as a discretionary forecast that BNB will outperform Ether or Solana.　　You might also like:　　Grayscale joins push for CLARITY Act Senate vote as deadline nears　　BNB becomes the funds largest holding　　To add BNB, Grayscale sold the funds existing components in proportion to their weights and used the proceeds to buy the

08-06Industry

Just $7 in SHIB Burned？ Shiba Inu Burn Rate Makes Unexpected Reversal

According to Shibburn, just $7 worth of SHIB was burned in the last 24 hours. 1.38 million SHIB were burned in the past day, fewer than that seen the day before last. This led to the daily burn rate dropping 87.63%.　　The slowdown also triggered a reversal in Shiba Inus daily burn rate, as the day before last saw the burn rate rise as much as 706%. 17,464,058 SHIB were burned the day before last, which saw a 706% surge in the timeframe.　　Shiba Inus token burn rate, however, took an unexpected turn, with the latest data from Shibburn showing that only about $7 worth of SHIB was removed from circulation over the past 24 hours. Shiba Inu burns remain ongoing, with fresh transactions adding to those burned earlier.　　Shiba Inu (SHIB), Near Protocol (NEAR), Solana (SOL) and Cardano (ADA) Price Analysis for August 6: Will Liquidity Surge This Week？　　Dogecoin (DOGE), XRP, Hyperliquid (HYPE) and Bitcoin (BTC) Price Analysis For August 5: Markets Attempt to Regain Relevancy　　You Might Also Like　　In the last seven days, 315.80 million SHIB were burned, with the weekly burn rate down 69.94%. A contrast is seen on the monthly timeframe. In the last 30 days, the Shiba Inu burn

08-06Industry

Straits talk opens markets, again

USD: Sep26 isUpat 99.650.　　Energies: Sep 26 Crude is Up at 75.82.　　Financials: The Sep 26 30 Year T-Bond is Lower by 2 ticks and trading at 109.29.　　Indices: The Jun 26 S&P 500 emini ES contract is 60 ticks Higher and trading at 7764.50.　　Gold: The Aug26 Gold contract is trading Up at 4329.00　　Initial conclusion　　This is not a correlated market. The USD is Up and Crude is Up which is not normal, and the 30-Year T-Bond is trading Lower. The Financials should always correlate with the US dollar such that if the dollar is Higher, then the bonds should follow and vice-versa. The S&P is Higher and Crude is trading Higher which is not correlated. Gold is trading Higher which is not correlated with the US dollar trading Up. I tend to believe that Gold has an inverse relationship with the US Dollar as when the US Dollar is down, Gold tends to rise in value and vice-versa. Think of it as a seesaw, when one goes Up the other goes Down. Asia traded Mixed. All of Europe is trading Higher.　　Possible challenges to tradersChallenger Job Cuts y/y is out at 5:30 AM EST. Major.Unemployment Claims is out at 8:30 AM EST. Major.Prelim Nonfarm

08-06Industry

US ISM Services PMI Hits 54.1: Will the Crypto Market Face More Fed Pressure？

US ISM Services PMI has surged from last months 54 to 54.1, influencing the crypto market. The report suggests that the services sector has been significantly expanding.As inflation remains elevated, the Fed may choose a hawkish stance at the next FOMC. 　　Following the US ISM Manufacturing PMI report, today‘s ISM Services PMI offers a more comprehensive view of the world’s largest economy. As the services sector remains dominant in US economic activity, investors are closely watching the report. This is because the report can provide hints on inflation, interest rates, and the Federal Reserves next policy decision, which could ultimately influence the crypto market.　　What Does the Latest ISM Services Report Mean for the Crypto Market？　　On August 4, 2026, the United States released the ISM Services PMI data. The report showed that the services sector has been expanding in July. The figures slightly surged to 54.1, up from the previous months 54. This suggests that consumer demand and business activity are still holding up.　　This is a significantly optimistic development for the crypto market. A resilient service sector is a positive catalyst for risky assets like Bitcoin and other cryptocurrencies. As the economy remains strong, investors may choose to invest in the

08-06Industry

Crypto Today: Bitcoin and Ethereum gain ground as XRP extends decline amid potential Iran-Oman deal

The cryptocurrency market is somewhat lethargic on Thursday, with Bitcoin (BTC) approaching $65,000, Ethereum (ETH) holding above $1,900 while Ripple (XRP) trades under pressure around $1.05. This mixed outlook comes ahead of a potential deal between Iran and Oman on the management of shipping through the Strait of Hormuz. Still, Iran has denied negotiations with the United States (US).　　Iran and Oman eye Strait of Hormuz deal　　Iran and Oman are reportedly nearing the finalization of a strategic framework for commercial shipping through the Strait of Hormuz. Despite progress, Iranian Deputy Foreign Minister Kazem Gharibabadi emphasized to Islamic Republic News Agency (IRNA) that any agreement would not necessarily guarantee the immediate reopening of the waterway.　　A senior Gulf official assesses the probability of a deal being reached by Friday at 50%.　　US Vice President JD Vance stated in a Fox News interview that negotiations with Iran are likely to be “messy”, citing significant challenges posed by Irans fractured political system and negotiating stance.　　Moreover, Iran has continued to deny negotiations with the US despite President Donald Trumps optimism on Tuesday that a deal could be announced this week.　　Despite Bitcoin and Ethereum sustaining a slightly short-term bullish outlook, crypto market sentiment is back in Extreme Fear

08-06Industry

Bitcoin Enters Accumulation Zone as 41 of 45 On-Chain Indicators Hit Cycle Lows

Bitcoin (BTC) has entered a historical accumulation zone. Glassnode data shows 41 of 45 on-chain indicators sitting in the bottom two quintiles of their cycle ranges.　　CryptoQuants Adaptive Sell-side Risk Ratio tells the same story from a different angle. However, both data sources stop short of calling a confirmed bottom for the current bear market.　　41 of 45 On-Chain Indicators Point to Capitulation Territory　　Glassnodes Bitcoin Cycle Composite compresses 45 on-chain indicators into a single score from 0 to 100. The gauge currently reads 19.9, deep in the cold zone reserved for capitulation phases. It last visited this area in late 2022, after the FTX collapse.　　Bitcoin Cycle Composite time series at 19.9, the coldest reading since late 2022 Source: X　　The move happened fast. According to pseudonymous analyst n3ocortex, who published the dataset on X, the composite median stood near 33 three months ago. Today, it has slipped to roughly 20, and 41 of 45 indicators sit in the bottom two quintiles.　　Discover more　　Personal finance tips　　Ethereum investment guide　　Fintech　　Bitcoin Cycle Board Snapshot showing 41 of 45 on-chain indicators in the bottom two quintiles Source: X　　Valuation and pricing models show the deepest readings. All figures reflect approximate percentile ranks within each metrics history.IndicatorPercentile rank (approx.)Price Power Law4thCoinbase

08-06Industry

Silver Price Forecast: XAG/USD clings to gains near $62 with US NFP in focus

Silver price (XAG/USD) holds onto two-day gains at around $62.00 during the European trading session on Thursday. The white metal trades firmly amid hopes of a further decline in oil prices.　　In the European trade, the WTI Oil price trades 0.9% higher at around $75, but is closer to its three-week low of $73.51 posted on Wednesday.　　Lower oil prices keep global inflation expectations in check, a scenario that diminishes fears of interest rate hikes by central banks. Such a case bodes well for non-yielding assets, like Silver.　　Brent holds below $80 as hopes build for US–Iran deal on Strait of Hormuz　　Analysts at ING highlight that “ICE Brent continues to trade below $80/bbl as the market pins its hopes on a deal between the United States (US) and Iran” that would “resume energy flows through the Strait of Hormuz.” They note that Iran has “signalled progress toward this goal,” having announced it has reached “an agreement with Oman on new shipping arrangements for the strait,” with “a joint statement on the deal now being prepared,” reinforcing market expectations of a potential easing in supply-route tensions.　　Meanwhile, investors await the US Nonfarm Payrolls (NFP) data for July, which will be released on Friday. Investors will

08-06Industry

Ripple price today Analysis: August 6 Market Stalls Near Support

The crypto market remains in a defensive posture, with XRP caught in a low-conviction holding pattern. As of August 6, 2026, the Ripple price today sits at $1.05, resting on the daily pivot and just above the lower Bollinger Band — a spot that signals indecision more than trend.　　XRP/USDT — daily chart with candlesticks, EMA20/EMA50 and volume.Key takeawaysXRP trades at $1.05on August 6, 2026, sitting near the lower Bollinger Band at $1.04Daily EMAs are stacked bearishly: price below 20-EMA ($1.08), 50-EMA ($1.11), and 200-EMA ($1.38)Fear & Greed Index at 25signals Extreme Fear across the crypto marketBTC dominance at 56.7%shows capital remains concentrated in BitcoinThe $1.04–$1.06 range is the critical zone for the next directional signal　　The dominant force right now is defensive positioning, not aggressive selling or buying. Bitcoin dominance is parked at 56.7%, according to CoinGecko figures, which means capital is still concentrated in BTC rather than rotating into XRP or other majors. Total crypto market cap sits around $2.29 trillion, up a modest 0.8% over 24 hours. The broader market is not collapsing — it is simply not interested in XRP specifically. Layer on a Fear & Greed reading of 25 (Extreme Fear), and you get a picture of

08-06Industry

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