Crypto

Panama City Mayor Mayer Mizrachi has expressed strong support for a proposal that would allow ships to pay reduced Panama Canal fees if they settle in Bitcoin. In an Aug. 7 post on X, Mizrachi described the idea as “brilliant” and expressed hope that the Panama Canal Authority would adopt it. Max Keiser, an advisor […] The post Panama City mayor backs Bitcoin discounts for Panama Canal fees appeared first on CryptoSlate.

Publicly traded companies are building strategic reserves in digital assets like BNB and Solana. Industry leaders explain why this could be the next institutional on-ramp for crypto. Publicly traded companies are increasingly swapping traditional cash reserves for digital assets, and they’re doing it in ways designed to attract both retail and institutional investors. In the latest Byte-Sized Insight episode, Cointelegraph’s Savannah Fortis spoke with two leaders in this space: David Namdar, CEO of the newly renamed BNB Network Company (formerly CEA Industries), and Joseph Onorati, CEO of DeFi Development Corporation (DFDV). “This is a story that hasn’t been told well… a lot of people, particularly in the US, really haven’t seen the growth of BNB Chain or how massive Binance is globally,” said Namdar. Read more

XRP trades near $3.31 after SEC case closes. Whales stir, NVT drops, and chart signals remain bullish.

Gold’s surge has often preceded gains in BTC as both assets attract safe-haven flows during macro uncertainty.

Ripple (XRP) was also a top performer, gaining 8% from Thursday.

Stability DAO said it had identified two CrediX Finance team members and was working with other projects and authorities to recover the stolen funds. The team behind the decentralized finance (DeFi) protocol CrediX Finance seems to have disappeared following a $4.5 million exploit that drained funds from the platform, raising suspicions of an exit scam. On Monday, blockchain security firms flagged the exploit and determined that crypto assets worth $4.5 million had been taken from the platform. In response, the DeFi protocol paused its website to prevent users from depositing any more funds.  Blockchain security firm SlowMist wrote that six days before the exploit, the attackers accessed the protocol’s multisig admin and bridge wallets. The access was used to mint crypto that was used as collateral to drain the DeFi protocol’s liquidity pools.  Read more

Blockchain security firm CertiK says the lender’s website and X account have been offline since Aug. 4, after an attack drained millions.

Despite aggressive bullish bets, market odds imply under 3% chance of $200,000 BTC price by December of this year. Key takeaways: Diagonal and butterfly spreads benefit from BTC near $160,000. $200,000 year-end call options imply less than 3% chance of profit. Read more

Crypto majors rallied (unsurprisingly) on the news—though with a surprising frontrunner.

Crypto oracle Chainlink’s newly established LINK Reserve attracts $1 million as whales accumulate 0.67% of the token’s supply.

Trump’s executive order opening 401(k)s to crypto has drawn a mix of praise, caution and criticism from industry leaders and skeptics alike. United States President Donald Trump signed an executive order on Thursday opening the door for Americans to include crypto and other alternative assets in their 401(k) retirement accounts and other defined-contribution plans, a policy shift that has sparked optimism and caution from the crypto industry.  Trump’s executive order directs the US Labor Department to reevaluate restrictions on alternative assets like crypto, private equity and real estate in 401(k)s and other defined-contribution plans. As of the first quarter of 2025, US retirement assets totaled $43.4 trillion, according to the Investment Company Institute and the Federal Reserve Board. Defined-contribution plans, including $8.7 trillion in 401(k)s, accounted for more than $12 trillion. Read more

Internet Computer defends key support with multi-million unit volume surges, fueling a breakout toward $5.40 resistance

Trump’s move may change US retirement plans. Bitcoin could soon be part of your 401(k), and Wall Street is getting ready. Trump's forthcoming executive order could open the $9 trillion US retirement market to Bitcoin and other cryptocurrencies. The order aims to give 401(k) providers legal protection when offering crypto investment options. Major asset managers like BlackRock and Apollo are reportedly developing crypto retirement products in anticipation of regulatory clarity. Read more

While you can’t literally split a private key, there are secure legal and technical methods to share or divide control of crypto assets during divorce. A private key cannot be split in half. It must remain whole to access crypto. Splitting it manually risks permanent loss of funds. Cryptocurrency is marital property. Courts in many countries, including South Korea and the US, treat crypto like any other divisible asset in divorce. Crypto can be shared securely. Methods like Shamir’s Secret Sharing, multisignature wallets and custodial agreements allow safe, collaborative access and division. Read more

The bounce in FIL came as the wider crypto market rose, with the Coindesk 20 index recently up 3.1%.

The "Anchorpoint" joint venture aims to capitalize on Hong Kong's newly launched stablecoin licensing regime.

Your day-ahead look for Aug. 8, 2025

Bags Wif Hat? The founder of a rising token launchpad bought a meme coin-linked knitted hat for nearly $800,000—here’s why.

XRP spikes 10%, XLM and LINK follow with double-digit rallies as Ripple’s multi-year battle with the SEC ends.

As trust in crypto exchanges remains low, Binance’s new custody deal with BBVA marks a shift toward traditional finance safeguards. Binance has partnered with BBVA, one of Spain’s biggest banks, to act as an independent custodian for customer funds, according to a Friday report in the Financial Times citing two people familiar with the arrangement. The move reportedly aims to restore confidence in centralized crypto investing following scandals such as the FTX collapse and Binance’s own regulatory troubles. The FT report said Binance users can now custody assets with BBVA, offering enhanced security through bank-backed collateral. Binance has also partnered with Switzerland’s Sygnum and FlowBank to serve as independent custodians. Read more