Bitcoin price slips below $65K after US jobs data

Bitcoin fell below $65,000 on Thursday after stronger-than-expected U.S. jobless claims data reinforced concerns that the Federal Reserve could keep interest rates elevated.  Bitcoin price rejected near $65,000  According to data from crypto.news, Bitcoin (BTC) price traded at $64,384.27 at press time, marking a 0.69% decline over the previous 24 hours. The pullback followed another unsuccessful attempt to break through the $64,800–$65,000 resistance zone.  BTC had recovered from approximately $62,400 earlier in the week and briefly tested the upper end of its recent range. However, buyers failed to secure a daily close above $65,000, allowing sellers to regain control near the psychological level.  The rejection pushed Bitcoin toward $64,000, which has emerged as its nearest short-term support. Holding that level would keep the latest recovery structure intact, while a sustained break below it could expose the lower part of the range.  Bitcoin has remained sensitive to U.S. economic releases because stronger data can reduce expectations for monetary easing. Higher interest rates generally make yield-bearing assets more attractive relative to risk assets such as cryptocurrencies.  US jobless claims beat expectations  The latest labor data showed that seasonally adjusted initial unemployment claims reached 199,000 during the week ending Aug. 1, according to the U.S. Department of Labor.  Claims increased by

08-07انڈسٹری

Canaan taps $130M crypto reserve for stock buybacks

Canaan has authorized management to sell part of its Bitcoin and Ethereum holdings to finance share repurchases under an existing $30 million program.  SummaryCanaans crypto treasury was worth about $130 millionas of Aug. 3.The miner held 1,915 BTC and 3,952 ETHat the end of June.Canaan had spent $2 millionon buybacks as of May 19.Its Nasdaq-listed shares must regain the $1 minimum bid priceby Jan. 11, 2027.  Canaan opens crypto treasury to fund buybacks  Nasdaq-listed Bitcoin miner Canaan has authorized management to monetize part of its digital asset treasury and use the proceeds to repurchase its American depositary shares.  The purchases will fall under an existing program that allows Canaan to buy back up to $30 million of its ADSs or Class A ordinary shares during the 12 months beginning Dec. 12, 2025, according to the companys Aug. 4 announcement.  Canaan did not disclose how much cryptocurrency it intends to sell or when any sales will occur. The company also did not commit to using the entire remaining authorization.  You might also like:  Rarible launches on Solana with Claynosaurz NFTs  Canaan did not disclose how much cryptocurrency it intends to sell or when any sales will occur. The company also did not commit to using the entire remaining authorization.  Further

08-07انڈسٹری

Deutsche Telekom and SphereNet Is Helping Build Payment Rails for AI Agents

Giving AI the ability to spend your money – are we already there? An AI agent can now book a flight, renew software, or purchase computing power for a business. The next step is allowing that agent to complete the payment on its own.  That shift is already underway. Coinbases x402 protocol has processed 109.6 million transactions and around $15 million in adjusted volume since May 2025.  Most were tiny payments, but on a larger scale, this creates a larger problem. Someone must confirm who controls the agent, how much it can spend, and whether the recipient is legally allowed to receive the payment.  This becomes harder when stablecoins and other blockchain payments settle within seconds and generally cannot be reversed.  Sphere Labs is building SphereNet to handle that part of the process. On August 3, the company announced that Deutsche Telekom would operate a validator from the networks current testnet through its planned 2027 mainnet launch.  Checking the Rules Before Money Moves  Traditional financial institutions can investigate suspicious transactions after settlement. They may freeze an account, reverse a transfer, or attempt to recover the funds.  Instant blockchain settlement leaves far less time to intervene. SphereNet aims to move identity checks, sanctions screening, and jurisdictional rules directly

08-07انڈسٹری

Rarible launches on Solana with Claynosaurz NFTs

Rarible has launched its NFT marketplace on Solana after months of development, naming Claynosaurz as its first featured collection.  Rarible expands its marketplace to Solana  Rarible announced the launch on Thursday, marking its latest expansion beyond the blockchain networks already supported by its NFT marketplace.  We have a surprise…  Weve actually been working on Solana for months.  Today, were incredibly excited to finally say it:  Claynosaurz, a Solana-based entertainment and NFT brand built around animated dinosaur characters, will serve as the first featured collection. Rarible said it would onboard additional projects from across the network over the coming days and weeks.  “We‘ve actually been working on Solana for months,” the company said. “Today, we’re incredibly excited to finally say it: Rarible is now live on Solana.”  The company did not disclose how many collections would be added during the initial rollout or provide a fixed schedule for future integrations.  Rarible said its team spent several months developing and testing the Solana marketplace. It also consulted NFT communities to understand how individual projects approach their identities, cultures, and collector bases.  According to the company, feedback from those discussions shaped some of its product decisions. Rarible said it wants to create collection-specific experiences instead of merely listing assets on a standard marketplace

08-07انڈسٹری

Crypto bill ethics provision could let Trump defer millions in taxes: Bloomberg

Quick TakeSens. Thom Tillis (R-N.C.) and Ruben Gallego (D-Ariz.) sent Trump ethics language last week requiring him to divest from crypto-related businesses, Bloomberg reported Thursday.That provision is now critical to passing the first comprehensive federal crypto regulation.  President Donald Trump is reviewing ethics language in a bid to pass broader cryptocurrency legislation — which could result in a personal tax benefit for himself.  Sens. Thom Tillis (R-N.C.) and Ruben Gallego (D-Ariz.) sent Trump ethics language last week requiring him to divest from crypto-related businesses, Bloomberg reported on Thursday, citing people familiar with the matter. That divesture could mean that Trump would not have to pay federal taxes on his gains for years, or potentially ever, and could be worth millions of dollars in tax savings, according to Bloomberg.  That ethics language is now critical to passing the Clarity Act, the first comprehensive federal crypto regulation. Democrats have long pushed for stronger rules addressing Trump‘s crypto holdings, including the TRUMP and MELANIA memecoins launched days before his inauguration and his family’s World Liberty Financial venture.  According to Bloomberg, the latest language also allows state attorneys general to enforce the ethics provision, which is a change some senators have been advocating for. Earlier drafts, including the

08-07انڈسٹری

SEC Bought a Billion Airline Records to Track Travelers—Likely Without a Warrant

In briefSEC documents obtained by 404 Media show the agency subscribed to Airlines Reporting Corporations Travel Intelligence Program, which held over one billion ticket records.The data included names, credit card numbers, routes, and an alert system that flagged new bookings by people the agency was monitoring — likely without a warrant.ARC, co-owned by Delta, United, and American, sold the data until lawmaker pressure forced a shutdown in 2025.  The Securities and Exchange Commission bought access to a worldwide airline ticketing database holding more than one billion records, according to SEC documents obtained by 404 Media through a Freedom of Information Act request.  The data came from Airlines Reporting Corporation, a clearinghouse co-owned by American, Delta, and United that sits between carriers and travel agencies, and resold bookings made through sites like Expedia and Kayak.  The records held passengers names, the credit cards used to buy tickets, departure and arrival cities, and flight numbers. More than that, the SECs subscription included an alert system that checked new bookings against a list of people it was monitoring, flagging travel from the prior 24 hours, with the agency requesting between one and 25 of these alerts a day.  No court order was needed; the government simply bought

08-07انڈسٹری

Wintermute registers as SEC broker-dealer to trade stocks, options and crypto ETFs

Quick TakeWintermute USA is a New York-based subsidiary that has registered as a broker-dealer with the SEC and FINRA.“Digital assets and traditional finance will continue to develop in parallel, intersect in new ways, and ultimately integrate more deeply,” Wintermute CEO Evgeny Gaevoy said.  Crypto market maker Wintermute said it has registered a subsidiary as a broker-dealer with the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority, with plans to expand into trading traditional equities and commodities, according to an announcement on Thursday.  In particular, the registered firm can provide liquidity to U.S.-based securities exchanges and over-the-counter counterparties and trade stocks and options from its proprietary account. It will also be able to self-clear digital asset securities transactions and act as an Authorized Participant for exchange-traded products, “including those tied to digital assets,” the company said.  A broker-dealer is a firm or individual that is registered with the SEC and FINRA to both execute trades for clients as a broker and trade securities for its own account as a dealer, while an Authorized Participant creates and redeems large blocks of ETF shares by exchanging them for the underlying basket of securities or cash, helping to maintain the funds price aligned with

08-07انڈسٹری

Following primary loss, crypto PACs invest $1.5M in 3 US state races

Two groups affiliated with the cryptocurrency company-backed political action committee (PAC) Fairshake disclosed spending more than $1.5 million on media to support House of Representatives and Senate candidates in Florida, Alaska and Wyoming after suffering a primary loss in Michigan on Tuesday.  According to Federal Election Commission (FEC) filings as of Thursday, Fairshake PAC affiliates Defend American Jobs and Protect Progress spent a combined $1.5 million on ads for Republican and Democratic candidates, many of whom voted in favor of the Digital Asset Market Clarity (CLARITY) Act while serving in Congress.  In Alaska‘s at-large congressional district, scheduled to hold a primary on Aug. 18, Defend American Jobs spent more than $500,000 on media supporting the re-election of Representative Nick Begich. The Super PAC spent about the same amount on Republican candidate Sydney Gruters in Florida’s 16th district, and Representative Harriet Hageman, running for the soon-to-be-vacant Wyoming Senate seat now occupied by Cynthia Lummis. Both US states will also hold primaries on Aug. 18.  The reported expenditures follow a primary loss for a Protect Progress-supported candidate in Michigan‘s 13th Congressional District. On Tuesday, Democratic incumbent Shri Thanedar lost a primary to State Representative Donavan McKinney after the Super PAC poured more than $2 million

08-07انڈسٹری

Bitcoin miners MARA and CleanSpark post double-digital revenue drops as AI infrastructure pivot continues

Quick TakeMARA Holdings saw second-quarter 2026 revenue drop 27% to $174.9 million from the year before, while CleanSpark, reporting its third fiscal quarter, saw $138.0 million in revenue, a 30.5% decline.  Despite the weaker results, both companies continued expanding high-performance computing and AI infrastructure capacity.  Bitcoin miners turned AI infrastructure providers reported softer quarterly results Thursday, with MARA Holdings posting second-quarter 2026 revenue of $174.9 million, down 27% from $238.5 million a year earlier, and CleanSpark, reporting its third fiscal quarter ended June 30, claiming $138.0 million in revenue, a 30.5% decline from $198.6 million a year prior.  Both firms have been investing in expanding their high-performance computing business lines amid growth in the AI sector and the rising difficulties of mining bitcoins.  MARAs net loss widened to $611.3 million, or $1.60 per diluted share, versus net income of $808.2 million in the year-ago period, driven in part by a $343 million fair-value loss on digital assets. Adjusted EBITDA swung to a $360.9 million loss from a $1.2 billion profit.  MARA mined 2,422 BTC during the period at an average price of about $71,325 and sold 2,213 BTC at an average of $73,078. Energized hashrate rose 22% year-over-year to 70.3 EH/s, while cost per petahash

08-07انڈسٹری

Wintermute Lands US Broker License and a 5-Year Plan to Rival Citadel

Wintermutes US arm has registered as a broker-dealer and already signed exchange-traded fund (ETF) issuers as clients, the Wall Street Journal reported.  The registration clears Wintermute USA to register as a market maker on American stock exchanges. Chief Executive Evgeny Gaevoy said the firm wants to compete with Jump Trading, Jane Street and Citadel Securities within three to five years.  Good morning, USA ????????  Follow us on X to get the latest news as it happens  Sponsored  Sponsored  What the Wintermute Broker License Changes  One list frames the whole move. BlackRocks iShares Bitcoin Trust held $43.2 billion at the end of June. A dozen firms are cleared to create and redeem its shares, the job that keeps an ETF trading close to the value of what it holds.  Not one of them is a crypto company. The funds latest prospectus names Jane Street, Citadel Securities, Virtu Americas, Goldman Sachs and JPMorgan among them.  That is the gap Wintermute is stepping into. It says it quotes prices across more than 60 venues, yet it could not touch the plumbing of cryptos own flagship product. The job needs a broker-dealer license.  Now it has one. It also has customers waiting, according to the Journal.  Registration does not make Wintermute a Wall Street firm

08-07انڈسٹری
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