Crypto

Adriana Kugler steps down from the Federal Reserve Board amid mounting political pressure and renewed uncertainty over Jerome Powell’s leadership. Federal Reserve Board of Governors member Adriana D. Kugler has announced her resignation, stepping down during a particularly sensitive moment for the US central bank as President Donald Trump continues to challenge the long-standing tradition of Fed independence. In a statement released Friday, the Fed said Kugler’s resignation will take effect on Aug. 8. While she did not provide a specific reason for her departure, the central bank noted she plans to return to her academic post at Georgetown University. Her term had been scheduled to end in January. “It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System,” Kugler said. “I am especially honored to have served during a critical time in achieving our dual mandate of bringing down prices and keeping a strong and resilient labor market.” Read more

XRP is down 1.2% on the day, which, compared to the rest of the market, is relatively strong.

The GENIUS Act has marked a milestone for US digital finance, introducing federal oversight for stablecoins and clearing distributed ledger tech for banks and firms such as Vertalo, Paxos and IBM. The certainty has boosted tokenization plans but leaves questions on cross-border alignment. The post Why The GENIUS Act May Benefit RWA Tokenization Companies The Most appeared first on Cryptonews.

The firm continues accumulating the leading asset, as per their vision.

MicroStrategy aims to have the biggest corporate treasury stash ever—Bitcoin or otherwise—while Metaplanet raises $3.7 billion for its BTC buying spree.

Bitcoin continues to freefall, pushing liquidations closer to $1 billion.

HIVE Digital co-founder Frank Holmes stated this week that several sanctioned nations are actively mining Bitcoin (BTC) in secret, turning to the crypto as an alternative revenue stream in the face of U.S. financial restrictions. Holmes made the claims during a recent interview with the Roundtable. He tied a recent drop in global mining difficulty […] The post Sanctioned nations are secretly mining Bitcoin and the clues are in the hash rate appeared first on CryptoSlate.

As physical gold hits record highs, Tether Gold’s (XAUt) market cap surges past $800 million, while Bitcoin treasury firm Twenty One Capital expands holdings. While Bitcoin (BTC) is often described as digital gold, a tokenized commodity offering direct exposure to the physical metal is quietly gaining traction. By the end of the second quarter, Tether Gold (XAUt) — a tokenized asset issued by the stablecoin provider behind USDt — was backed by 7.66 tons of gold, according to the company’s latest attestation report. The reserve supports more than 259,000 XAUt tokens in circulation, giving the asset a total market value of over $800 million. The rise of Tether Gold reflects a broader surge in demand for physical bullion, which has hit multiple record highs this year amid renewed inflation concerns and market unease driven by the White House’s tariff agenda. Read more

Selling from long-term holders could lead to a months-long correction, analysts at CryptoQuant warned earlier this week.

OpenAI’s latest funding round, which values the company at $300 billion, was five times oversubscribed amid surging investor demand for AI, according to The New York Times. OpenAI has raised $8.3 billion at a $300 billion valuation, accelerating its plan to secure $40 billion in funding by year’s end. The latest round, led by Dragoneer Investment Group, comes after the company raised $2.5 billion in March. According to The New York Times on Friday, Dragoneer committed $2.8 billion to the raise, representing roughly 10% of its total funds. The funding round brings OpenAI closer to its 2025 target, which includes a $30 billion commitment from SoftBank. The funding round was five times oversubscribed, meaning investors wanted to invest roughly $40 billion, the Times said. OpenAI prioritized new strategic investors over existing backers, frustrating some investors who received smaller allocations than they hoped for. Read more

Cardano trades at $0.72 after 8% drop. Analysts see cycle repeat, with breakout above $0.85–$0.90 targeting $1.15 and $1.74.

The overall crypto market had a rough week. Bitcoin is holding onto key price support—but barely.

The US Securities and Exchange Commission (SEC) will expand its series of crypto roundtables and take its crypto policy outreach on the road beginning Aug. 4 in Berkeley, California. According to an Aug. 1 statement, the tour is meant to give founders and developers, especially teams with 10 or fewer employees and less than two […] The post SEC takes crypto roundtables nationwide, opens with Aug. 4 stop in Berkeley appeared first on CryptoSlate.

The $2.90 support could prove a make-or-break level for the continuation of XRP’s bull market run, but fresh macro FUD threatens to derail the all-time high setup. The post XRP Price Prediction: Double Bottom Pattern Opens Door for Bull Market – Is This the Setup for a New All-Time High?  appeared first on Cryptonews.

Crypto Regulation has gained momentum in Washington this week. A White House roadmap pledges market clarity, the SEC has issued new ETF listing standards, and lawmakers are advancing the CLARITY Act. Together these moves mark a coordinated effort to integrate digital assets into U.S. finance. The post Weekly Crypto Regulation Roundup: SEC Advances ETF Reform, White House Unveils Crypto Roadmap appeared first on Cryptonews.

Gemini looks smart, but can it actually trade? We put it to the test with sample trades and break down where it helps and where it doesn’t. Gemini is now used by crypto traders to monitor market catalysts and breaking news in real time. The Gemini Pro version’s longer context window and web access boost its usefulness for macro and sentiment tracking. It lacks native support for charts, portfolios or backtesting; traders still need external tools. Read more

The value of Bitcoin has grown substantially since the BTC community asserted independence from miner domination on Aug. 1, 2017. August 1 marks the eighth anniversary of a key moment in Bitcoin’s (BTC) history — the initial activation of Segregated Witness (SegWit) in 2017, a key software upgrade that reshaped the network’s future and triggered a hard fork. The move, known as “Bitcoin Independence Day,” reduced miner influence over the protocol and led to the creation of Bitcoin Cash (BCH), highlighting the community's divisions over how Bitcoin should scale to support global use. The “block size wars” were fought between those who wanted to keep the Bitcoin block size small and “big blockers,” a coalition of miners and businesses that wanted to include more transactions in each block to make BTC suitable for everyday payments and commercial transactions. Read more

The Cardano price (ADA) has fallen nearly 8% in the past 24 hours, reinforcing a bearish short-term Cardano price prediction as the broader crypto market shows signs of entering a deeper correction.However, a new development on the Cardano network could soon help turn the tide in ADA’s favor.This week, USDM, a native Cardano-based stablecoin developed […] The post Cardano Price Prediction: New Stablecoin on Cardano Praised as ‘More Advanced’ Than USDC – Will Investors Finally Take Notice? appeared first on Cryptonews.

Hong Kong has brought its Stablecoin Bill into force, establishing a licensing regime that compels issuers of HKD-, CNY- or other fiat-pegged tokens to maintain segregated reserves, meet AML and audit duties, and assure par redemption, potentially challenging USD dominance in Asian settlement. The post Hong Kong’s Stablecoin Bill Takes Effect, Licensing Regime Now in Force appeared first on Cryptonews.

ChatGPT’s ETH Analysis has observed Ethereum at 3,616, down 2.24%, yet it has kept a bullish profile above the 20-, 50-, 100-, and 200-day EMAs. Daily inflows of 17.65 million to BlackRock’s iShares ETH ETF have strengthened institutions as traders weigh a rebound to 3,800 or a move to 3,400. The post ChatGPT’s 26-Indicator ETH Analysis Shows EMA Support Above $3,540 as BlackRock ETF Inflows Hit $29.83M appeared first on Cryptonews.