Latest Crypto News & Market Updates

WTI slips below $81.50 amid Middle East diplomacy

West Texas Intermediate (WTI) oil price depreciates after registering modest gains in the previous day, trading around $81.30 per barrel during the Asian hours on Thursday. Crude oil prices decline amid signs of diplomatic progress in the Middle East.　　Iran and Oman reached an agreement over each country‘s share of the Strait of Hormuz’s waters and related revenues, although Tehran cautioned that reopening the crucial waterway would require more than an agreement with Oman.　　Meanwhile, US President Donald Trump said 10 million barrels of oil had passed through Hormuz on Tuesday, while reiterating claims that mines in the waterway had been cleared.　　Discover more　　Compare Exchange Rates　　Finance　　Take Economics Courses　　Oil prices have also come under pressure this week after fresh US economic sanctions on Iran proved less aggressive than markets had feared, with the White House so far sparing Irans trading partners from tougher measures.　　Oil prices pared early losses after official data showed US crude inventories rose by less than expected last week. According to the Energy Information Administration (EIA), crude inventories increased by 95,000 barrels to 428.9 million barrels for the week ended August 21. This was significantly lower than the 597,000-barrel build analysts had forecasted in a Reuters poll.　　Compounding market tightness, supply disruptions

08-27Industry

Mastercard to Sponsor XRP Ledger Hackathon in New York

Mastercard will sponsor an upcoming XRP Ledger hackathon in New York, bringing major payments expertise into the developer event. The 36-hour competition will run October 24–25, shortly before Ripples annual Swell conference. Developers will build projects that explore new applications for the XRP Ledger across several financial use cases.　　Developers Target New Financial Applications　　The hackathon will feature four tracks covering protocol innovation, agentic finance, lending, and borrowing. Further, teams having an existing product can add XRP Ledger elements to their projects.　　Mastercard‘s participation could provide developers with greater access to real-world payment systems. In addition, the company’s growing strategy toward the blockchain opens the door to projects related to stablecoin settlements and tokenized assets.　　Mastercard is deepening Ripple Connection　　The partnership between Mastercard and Ripple has grown with various blockchain projects. In 2025, Ripple entered into a partnership with Mastercard, WebBank, and Gemini regarding its stablecoin RLUSD.　　Significantly, Mastercard announced in June that its network would support regulated stablecoin settlement. The company included the XRP Ledger among supported blockchain networks.　　Furthermore, Ripple joined Mastercard‘s CBDC Partner Program in 2023. In May, both companies participated in an XRP Ledger pilot involving Ondo Finance’s tokenized US Treasury fund.

08-27Industry

Euro holds gains above 1.1650 on hawkish ECB bias

The EUR/USD pair edges higher to around 1.1655 during the early Asian session on Thursday. A hawkish stance of the European Central Bank (ECB) provides some support to the Euro (EUR) against the US Dollar (USD). Traders will closely monitor the Jackson Hole Symposium event later on Friday for fresh impetus.　　The ECB is anticipated to raise the key interest rates in September, after tightening in June to contain price pressures amid ongoing geopolitical tensions. Markets are now pricing in nearly a 25% odds of the ECB deposit rate reaching 3.0% by March 2027 and about a 60% chance by September, according to Reuters.　　ECB Executive Board member Isabel Schnabel said on Wednesday that borrowing costs will need to rise further as the lengthy conflict in the Middle East and surprisingly strong euro-zone economy pose upside risks to inflation.　　Across the pond, the Feds preferred inflation gauge came in line with expectations, with the core Personal Consumption Expenditures (PCE) Price Index inflation held steady at 3.3% YoY in July, the US Bureau of Economic Analysis (BEA) showed on Wednesday.　　Additionally, the headline PCE Price Index remained unchanged at 3.7% YoY in July, above the consensus of 3.6%. On a monthly basis, the PCE Price

08-27Industry

Bitcoin is trapped between $75,000 and $80,000 ahead of a massive Friday derivatives settlement

Bitcoin is trading between $80,000 and $78,000, and faces two option strikes that could shape dealer hedging into Friday.　　Related Asset Bitcoin #1 BTC · $78,653.71 24-hour change: down 0.19% 24H Down 0.19% 7D Up 13.54% 30D Up 24.57%　　Reported call exposure at $75,000 and $80,000 creates a test of whether those positions dampen Bitcoins next move or add force to a break.　　Roughly 81,700 Bitcoin options representing about $6.4 billion in notional are scheduled to settle on Deribit at 08:00 UTC on Aug. 28.　　A refresh of Deribits BTC options data placed its Bitcoin reference price near $78,514. Applied to 81,700 one-Bitcoin contracts, that gives about $6.415 billion in notional.　　Related Company Deribit Cryptocurrency Futures & Options Trading　　The $75,000 call strike carried about $236 million in reported notional, while the $80,000 call strike held about $157 million. Those are call-side open-interest concentrations, worth a combined $393 million or 6.1% of the reported $6.44 billion expiry.　　Deribit data shows 81,700 Bitcoin options contracts expiring Aug. 28, with more than $500 million concentrated near the $75,000 and $80,000 call strikes.The Bitcoin hedge path can split two ways　　Options dealers adjust hedges as Bitcoin moves and an options sensitivity to the underlying price changes. Near expiry, those adjustments can

08-27Industry

Coinkites Coldcard Bug Exposed Single-Sig Risk. Multi-Vendor Multisig Is The New Bitcoin Custody Baseline

In the wake of Coldcards catastrophic entropy bug, self-custody advocates and experts have begun recommending a new standard, multi-vendor multisignature wallets, an approach that looks to minimize —among other threats— dependency on any single hardware wallet manufacturer.　　The Coldcard entropy bug that went undiscovered since at least 2021 has taught a hard lesson to the Bitcoin self-custody advocates and users. No matter how legitimate or competent a wallet provider might seem, how well recommended and reputable, a major bug may be possible. As a result, Bitcoiners are questioning old recommendations and assumptions, including many declaring the ‘death of single sig’ the popular self-custody method of trusting the private key pair generation to one wallet alone.　　The Threat Model　　Self-custody by any measure is an advanced practice in Bitcoin. Advocates recommend it as a way to protect user funds from exchange malfeasance like that seen in the cases of FTX and MtGox, among many others. But recent events have driven a revaluation of custody practices, with many bitcoin owners moving coins to exchanges — at least temporarily — while others upgrading or changing their self-custody setups altogether. Nick Neuman, CEO of Casa, claimed that 233k bitcoins moved to safety in reaction to the Coldcard

08-27Industry

Avalanche Treasury doubles down on its strategy to build shareholder value after a $44 million hit

Avalanche Treasury Corp approved a $10 million Class A share-repurchase program after reporting a $44.7 million second-quarter loss, with about $35.7 million attributed to losses linked to AVAX.　　Related Asset Avalanche #26 AVAX · $7.34 24-hour change: down 0.54% 24H Down 0.54% 7D Up 8.61% 30D Up 14.84%　　Management described the program as one tool to create shareholder value while it sees a market disconnect.　　The companys Aug. 26 results release discloses the boards approval and contains no disclosure of completed purchases, and its immediate effect is a statement of management intent.　　The company said the $35.7 million reflected fair-value changes, realized digital-asset losses, and impairments. That mix includes accounting adjustments and realized losses, making it distinct from a measure of cash expenditure during the period.　　Fair-value and impairment charges can move reported earnings without carrying the same cash effect as a realized loss.　　At June 30, AVAT held 15,312,363 AVAX with a reported fair value of $99,989,818, according to its quarterly filing. Subsequent price moves and treasury activity can change both the value and the balance, while the filing establishes the scale of the exposure behind AVATs earnings volatility.　　Avalanche Treasury Corp infographic shows a $44.7 million Q2 net loss, 15.3 million AVAX treasury holdings, and

08-27Industry

How a $35M AVAX hit sent one companys earnings into a tailspin

Avalanche Treasury Corp approved a $10 million Class A share-repurchase program after reporting a $44.7 million second-quarter loss, with about $35.7 million attributed to losses linked to AVAX.　　Related Asset Avalanche #26 AVAX · $7.46 24-hour change: up 1.16% 24H Up 1.16% 7D Up 7.97% 30D Up 16.11%　　Management described the program as one tool to create shareholder value while it sees a market disconnect.　　The companys Aug. 26 results release discloses the boards approval and contains no disclosure of completed purchases, and its immediate effect is a statement of management intent.　　The company said the $35.7 million reflected fair-value changes, realized digital-asset losses, and impairments. That mix includes accounting adjustments and realized losses, making it distinct from a measure of cash expenditure during the period.　　Fair-value and impairment charges can move reported earnings without carrying the same cash effect as a realized loss.　　At June 30, AVAT held 15,312,363 AVAX with a reported fair value of $99,989,818, according to its quarterly filing. Subsequent price moves and treasury activity can change both the value and the balance, while the filing establishes the scale of the exposure behind AVATs earnings volatility.　　Avalanche Treasury Corp infographic shows a $44.7 million Q2 net loss, 15.3 million AVAX treasury holdings, and

08-27Industry

World Liberty Financial launches USD1 natively on Canton Network

World Liberty Financial has launched its USD1 stablecoin natively on the Canton Network, allowing institutions to use it to settle transactions involving tokenized real-world assets.　　The stablecoin can be used as the cash leg for transactions including derivatives collateral, institutional lending, asset issuance and redemptions, according to a Tuesday announcement.　　Native issuance allows USD1 to settle alongside tokenized assets in the same transaction while using Cantons privacy and permissioning controls.　　USD1 has a market capitalization of about $4.05 billion, making it the sixth-largest stablecoin, according to DeFiLlama data. The stablecoin is issued by BitGo Bank & Trust, which manages its reserves and processes mints and redemptions, according to World Liberty.　　World Liberty Financial is a Trump family-backed crypto venture launched in 2024. USD1 debuted in March 2025 and is backed by reserves including short-term US Treasurys, government money market funds and dollar deposits, according to the company.　　Canton, a public, permissionless blockchain designed for institutional finance, says it processes and issues more than $9 trillion in tokenized assets each month, with more than $350 billion in onchain US Treasurys moving across the network daily.　　The integration follows another Canton expansion announced last week, when Digital Asset and former US House Speaker Paul Ryans American Idea Foundation

08-27Industry

Thailand is rewriting its stock exchange rules to trap billions in Bitcoin ETF wealth strictly inside its own borders

Thailand is proposing a crypto exchange-traded fund (ETF) framework that would give domestic fund managers, the Stock Exchange of Thailand and locally regulated custodians a structural advantage as the country opens the market to Bitcoin and Ethereum products.　　Related Asset Bitcoin #1 BTC · $78,721.04 24-hour change: up 0.15% 24H Up 0.15% 7D Up 12.72% 30D Up 21.58%　　On Aug. 24, Thailands Securities and Exchange Commission (SEC) opened public comment on rules that would initially allow passive, single-asset funds focused on Bitcoin or Ethereum. Each fund would need to maintain an average net exposure of at least 80% of net asset value to its chosen asset over an accounting year.　　The proposed products would enter a market already validated by the success of crypto ETFs in the United States, where funds have attracted more than $60 billion in net inflows since launch.　　Related Asset Ethereum ETH · $2,494.59 24-hour change: up 2.16%　　Bitcoin ETFs dominate with about $54 billion, followed by Ethereum products with roughly $12 billion, while newer crypto ETF offerings account for the balance.　　Thailands proposal would bring that model onshore while keeping much of the first-wave value chain inside the country.　　Local Thai firms would get the first advantage　　Locally established crypto ETFs would trade

08-27Industry

Nvidia Shares Surge in After-Hours Trading After Record $96.2 Billion Revenue

In briefNvidias quarterly revenue rose 106% year over year to $96.2 billion.Data Center revenue increased 117% to $89 billion.The company disclosed $366 billion in future commitments.　　Nvidia shares rebounded in after-hours trading Wednesday after initially falling following the chipmakers fiscal second-quarter earnings report.　　The stock closed regular trading down 1.59% at $209.66 before recovering to about $217 after hours, roughly 3.5% above its closing price.　　Myriad: How high will Nvidia go？ Click to make your prediction.　　Nvidias quarterly revenue more than doubled to $96.2 billion, exceeding the $92.27 billion average analyst estimate reported by the Associated Press. Data Center revenue rose 117% to $89 billion, while adjusted earnings of $2.22 per share beat the $2.09 estimate. Gross margins held at 75%.　　Nvidia founder and CEO Jensen Huang attributed the quarters growth to accelerating demand for artificial intelligence infrastructure:　　“AI has reached its inflection point. Its doing useful work. Its tokens are productive and profitable. Now, compute is revenue, and demand is accelerating,” Huang said in a statement. “This time last year, one lab alone was driving the buildout; today, we have a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem and physical AI coming online—with strong

08-27Industry

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