Latest Crypto News & Market Updates

Strategy launches $1.6B cash pool after $2B common shares raise, maintains hold on BTC buys

Strategy, the worlds largest public company holding Bitcoin, raised about $2 billion through common stock sales last week while making no new Bitcoin purchases.　　The Bitcoin treasury company sold 18.26 million MSTR shares between Aug. 17 and Aug. 23 through its at-the-market (ATM) offering program, according to a Monday filing with the US Securities and Exchange Commission.　　Strategy repurchased about 1.43 million of its STRC preferred shares for $136.4 million, added $300 million to its US dollar reserve and directed the remaining proceeds to a newly launched US dollar cash account. The company reported $5.1 billion in its reserve and $1.59 billion in the new cash account as of Sunday, bringing its total cash across the two pools to $6.69 billion.Source: Strategy　　Strategy said the new cash account gives management more flexibility to respond to market conditions and can fund purposes including Bitcoin purchases, preferred-stock dividends, debt payments and securities repurchases. The company made no Bitcoin purchases or sales during the week, leaving its holdings at 840,447 BTC, acquired for $63.36 billion at an average price of $75,385 per Bitcoin.　　Strategy initially established its US dollar reserve in December 2025 with $1.44 billion to support preferred-stock dividends and interest payments on outstanding debt. The

08-25Industry

Bessent's Former Mentor Druckenmiller Slams Treasury Bond Buyback Plan

Billionaire investor Stanley Druckenmiller called Treasury Secretary Scott Bessents bond buyback plan a mistake.He argued governments that fight market fundamentals always lose.　　Druckenmiller mentored Bessent early in his hedge fund career. He made his case in a Wall Street Journal opinion column.　　Why Druckenmiller Pushed Back　　Druckenmiller was responding to Bessents push to expand bond purchases. Treasury said it would at least double its buyback operations. That lifts the ceiling from $2 billion to $4 billion per operation, starting September 9.　　Sponsored　　Sponsored　　“Governments defending prices against fundamentals always lose,” Druckenmiller wrote.　　He argued that markets aggregate information no committee can replicate, and that the long-term Treasury yield checks government borrowing. Removing that check, in his view, removes fiscal accountability.　　30-year Treasury yield touched its highest level in nearly two decades. Image Source: CNBC　　The intervention followed a sharp climb in the 30-year Treasury yield. It touched its highest level in nearly two decades before the buyback announcement. The national debt also surpassed $40 trillion this week.　　Bessent has defended the buybacks as routine liquidity operations, not an attempt to suppress rates artificially. He told CNBC the Treasury has “a big toolkit” and could expand purchases further.　　Yields Reflect Growth, Not Restriction　　Druckenmiller argued the intervention makes little sense given current conditions.

08-25Industry

Bitcoin Tops $81,000 as Gold Notches Its Best Month Since 1999

Bitcoin (BTC) climbed as high as $81,165 on Tuesday before easing to $80,792, up 4.5% in 24 hours, as gold pushed to its highest price in more than three months. Both assets are climbing on the same forces.　　A weakening US dollar and falling bond yields are pulling money into both gold and Bitcoin at the same time. Investors are also watching for signals on where interest rates head next.　　Gold Extends Its Rally Toward a 27-Year High　　Spot gold gained 0.6% to $4,677.19 per ounce on Tuesday, its best level since mid-May, with the metal up around 13% so far this month. Gold futures also touched a three-month high near $4,720.　　Gold has been climbing for similar reasons as Bitcoin. Image Source: Trading Economics　　UOB analysts pegged the move as golds best monthly performance since 1999, based on data cited in the report. The last comparable monthly surge came in September 1999, when a group of European central banks agreed to cap their gold sales, ending a prolonged slide in prices.　　This months rally has a different driver, with investors reacting to a weaker dollar and renewed concern over Fed independence rather than a central bank supply shock.　　The Dollar and Yields Are Doing the Heavy

08-25Industry

$5,000 Ethereum？ Analyst Identifies the Levels That Could Decide ETH's Next Move

Ethereum could target $5,363 after breaking its current resistance, but a pullback toward the $2,235 realized price first remains possible.　　Ethereum saw one of its biggest weekly moves in years after staging an impressive 30% rally. The altcoin crossed $2,500 briefly, then slipped back slightly below that level.　　New data shared by crypto analyst Ali Martinez suggests that ETH could be on a path toward $5,000 if it clears a major resistance zone.　　Growing Buying Pressure　　On August 19, Ethereums MVRV Ratio formed a golden cross above its 160-day moving average. Martinez also pointed to stronger whale accumulation. The number of addresses holding more than 10,000 ETH has increased by 1.74%. In fact, 17 new whale addresses joined the network over the past week.　　At the same time, the token supply is moving off exchanges. More than 180,764 ETH, which is worth about $440 million, has been withdrawn over the past week. Martinez said the trend supports the case for increasing buying pressure.　　However, it still faces a major resistance zone between $2,722 and $2,970. URPD data shows that 16.70 million were previously acquired within this range, which makes it a major supply wall. If Ethereum breaks through the zone, the next major MVRV Pricing Band

08-25Industry

Cosmos EVM chains told to halt after security incident

Cosmos Labs urged affected Cosmos EVM chains to request validator halts on Aug. 25 as its security and engineering teams responded to an incident that had already reached multiple networks.　　SummaryCosmos Labs advised contacted Cosmos EVM chains to ask validators to halt during incident response.KiiChain reported 148,326,583.15 KII drained through 18 repeated attacks on August 22, 2026, officially confirmed.TAC said one account was drained before validators halted its network at block 24,671 Saturday.MANTRA resumed block production after roughly 30 hours and said user balances remained unchanged throughout.Cosmos Labs has not disclosed affected chains, vulnerability details or aggregate losses publicly to date.　　The company did not identify the underlying vulnerability, affected chains or total losses in its initial statement. It said users of the Cosmos EVM module had been affected and promised an incident report after the situation was resolved.　　Separate disclosures from MANTRA, TAC and KiiChain connect recent attacks to the Cosmos EVM software stack. However, Cosmos Labs has not publicly confirmed that these incidents share one exact vulnerability or named every chain asked to stop.　　You might also like:　　MANTRA Chain resumes blocks after Cosmos-EVM fix　　Cosmos EVM chains receive emergency halt advice　　Cosmos EVM is a shared software stack that lets Cosmos SDK chains execute

08-25Industry

Ethereum proposal would cut 33,800 ETH issuance and break every deployed Altair light client

A newly merged Ethereum proposal would retire the networks 512-validator sync committee, remove its rewards, and make the current Altair light-client interface obsolete by replacing it with offchain zero-knowledge proofs.　　Related Asset Ethereum #2 ETH · $2,506.53 24-hour change: up 3.02% 24H Up 3.02% 7D Up 32.84% 30D Up 33.19%　　The Draft EIP-8390 estimates that deleting the committees reward weight would reduce annual consensus issuance by roughly 33,800 ETH.　　Ethereum would give up an in-protocol mechanism that lets lightweight clients follow the beacon chain before the proposed replacement proving service, migration interface, and economic support have been specified.　　A sync committee is a 512-validator sample whose messages give light clients a compact way to track Ethereum without processing the full validator set.　　The proposal entered the official EIPs repository at 02:04 UTC on Aug. 24, but its Draft status makes it a design for discussion, not an adopted upgrade. It has no activation epoch or Ethereum roadmap commitment, and the document leaves scheduling to client teams.　　The authors discussion thread listed no external reviews in its initial-draft update.　　Issuance falls, but the security trade changes　　Ethereums consensus reward formula assigns the sync committee a weight of 2 within a denominator of 64. EIP-8390 would remove that weight without

08-25Industry

New Zealand Dollar gains as high inflation fuels odds of RBNZ September rate hikes

NZD/USD gains ground after registering modest losses in the previous day, trading around 0.5960 during the Asian hours on Tuesday. The pair appreciates as the New Zealand Dollar (NZD) receives support on expectations that the Reserve Bank of New Zealand will raise interest rates again in September, as inflation remains elevated.　　RBNZ tightening path seen as firmly priced into Kiwi rates　　Strategists at Brown Brothers Harriman note that the upcoming RBNZ meeting on September 2 will be closely watched, as it includes a fresh Monetary Policy Statement and comes with market expectations already firmly set. They point out that “the next RBNZ policy decision, which also includes a fresh Monetary Policy Statement, is on September 2 and a 25bps back-to-back hike to 2.75% is virtually fully priced-in,” underscoring how investors see the central bank maintaining its tightening trajectory despite recent mixed domestic data.　　Additionally, the NZD/USD pair gains ground as the US Dollar (USD) continues to face downward pressure following the US Treasurys decision to double its buyback operations for longer-dated bonds.　　Discover more　　Merchant Services & Payment Systems　　Distributed & Cloud Computing　　Finance　　Reports suggest US Treasury Secretary Scott Bessent could tap up to $1 trillion from the Treasury General Account to finance these repurchases. Geopolitical tensions

08-25Industry

FalconX asks SEC to bring single-stock perpetuals from DeFi under swap rules

FalconX Bravo wants US regulators to treat cash-settled perpetuals tied to a single security or a narrow-based security index as security-based swaps under SEC rules when they fall outside the joint SEC-CFTC security-futures framework.　　The filing expressly includes comparable contracts offered through DeFi protocols.　　The firm submitted its proposal to the Securities and Exchange Commission and Commodity Futures Trading Commission on Aug. 12. FalconX Bravo is listed on the CFTCs registered swap dealer roster and describes its business as focused on digital assets and digital asset market participants.　　FalconXs definition covers the specified perpetuals and options on them. It does not extend to Bitcoin perpetuals or crypto perpetuals generally.　　Related Asset Bitcoin BTC · $80,743.18 24-hour change: up 4.70%　　A qualifying contract listed as a security futures product on a market authorized by both agencies stays in the joint regime. That route carries listing and market safeguards covering the underlying security or index, clearing, margin, position limits, surveillance, and trading halts.　　FalconX examples include bilateral and over-the-counter transactions, contracts offered by eligible venues or platforms authorized for security-based swaps, non-US venues, and comparable DeFi protocols.　　For affected dealers, SEC treatment can trigger registration, business-conduct, transaction-reporting, capital, margin, and segregation requirements. A platform may also come within the

08-25Industry

Bitwise XRP ETF Trading Volume Tops $200M Across Three Sessions

Trading volume in Bitwises XRP exchange-traded fund (ETF) exceeded $200 million across three consecutive sessions. Each session established a new high for the fund, culminating in more than $80 million on Aug. 24.　　Key TakeawaysBitwises XRP fund traded more than $200 million across three sessions.The fund held about 328 million XRP worth $484.6 million on Aug. 23.Trading volume measures activity and does not represent net inflows.　　Bitwise XRP ETF Sets Three Consecutive Volume Records　　Trading activity in the Bitwise XRP ETF accelerated sharply during the three sessions ending Aug. 24, according to Bitwise Asset Management President Teddy Fusaro. The three-day run marked the fund‘s busiest stretch since it began trading in November 2025, and it landed during a sharp August recovery in XRP’s price.　　Fusaro shared on X:　　“Volumes in the Bitwise XRP ETF have really popped over the last 3 sessions. Over $80 million traded today, and over $60 mm each of the prior two days – each of which would have been its highest volume day since inception.”　　“Volumes in the Bitwise XRP ETF have really popped over the last 3 sessions. Over $80 million traded today, and over $60 mm each of the prior two days – each of which would have been

08-25Industry

Datavault hits Nasdaq deadline 68% below $1 as extension or delisting decision looms

Datavault AI reaches its Nasdaq minimum bid-price deadline on Aug. 24, with DVLT 68% below the exchanges $1 threshold and no disclosed decision on whether the company will receive more time or a delisting notice.　　Related Company Nasdaq An American stock exchange　　DVLTs last sale was $0.3186 on Aug. 21, according to Nasdaqs official quote feed. Nasdaq historical data showed every close/last reading from Aug. 7 through Aug. 21 below $1.　　Datavault disclosed in a Feb. 27 filing that Nasdaq had given it until Aug. 24 to regain compliance, which requires a closing bid price of at least $1 for at least 10 consecutive business days.　　With only Aug. 24 left in the window, the sub-$1 close/last reading on Aug. 21 left no practical route to complete a new 10-day closing-bid cure.　　Infographic outlining Datavault‘s Nasdaq compliance deadline, showing the $1 minimum rule, the stock’s last sale price, and possible reverse-split or delisting outcomes.Nasdaq now decides whether Datavault gets more time　　Under Nasdaqs compliance rules, a Capital Market issuer can receive another 180 days if it meets the applicable continued-listing test for market value of publicly held shares and every other initial listing standard except bid price.　　The company must also give Nasdaq written notice that it

08-25Industry

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