Cointelegraph.com
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Cointelegraph.com - 13:25 Aug 06, 2025
Bitcoin acquisition trends are leading to predictions of a major BTC supply shock, with bullish implications for price. Key points: Corporate Bitcoin treasuries such as Strategy’s are predicted to drain OTC desks and then exchanges. The resulting supply imbalance will “uncork” BTC price action. Read more -
Cointelegraph.com - 12:55 Aug 06, 2025
SBI Holdings unveiled plans for exchange-traded products, including a gold-crypto ETF and a Bitcoin-XRP dual ETF. Japanese financial giant SBI Holdings plans to launch the country’s first dual-asset cryptocurrency exchange-traded fund (ETF), offering exposure to both Bitcoin and XRP. In its earnings report Thursday, the company outlined plans for two crypto-based ETF products. The first product proposal combines gold and crypto asset ETFs bundled into a trust. According to the company, this would allocate 51% into gold-based ETFs and 49% into crypto-asset ETFs, such as Bitcoin ETFs; this will be publicly offered as an investment trust in Japan. Read more -
Cointelegraph.com - 12:36 Aug 06, 2025
Satsuma Technology secured $217.6 million in its latest raise, with over half settled in Bitcoin, drawing support from top crypto funds and UK institutional investors. London-listed tech firm Satsuma Technology locked in 163,660,000 British pounds ($217.6 million) in gross proceeds from its second convertible loan note round, with nearly $125 million settled in Bitcoin, to boost its Bitcoin treasury strategy. The raise, which closed on July 28, overshot its minimum $129 million target by more than 63%, driven by strong interest from crypto-native and traditional institutional investors, the company said in a Wednesday announcement. “This moment represents a landmark validation of our core belief: that fusing a Bitcoin-native treasury with decentralised AI is a paradigm shift in corporate value creation,” said Satsuma CEO Henry Elder. Read more -
Cointelegraph.com - 11:58 Aug 06, 2025
The short-term outlook for Bitcoin remained cautious, with a possibility of a trip toward $105,000, which one analyst called a “hidden danger zone” for BTC price. Key takeaways: Bitcoin onchain metrics converge around $105,000, signaling a hidden risk zone. Elevated open interest keeps BTC’s market structure at risk of sudden volatility. Read more -
Cointelegraph.com - 10:57 Aug 06, 2025
UK-listed Smarter Web Company raised $21 million via Bitcoin-denominated bonds, backed by Tobam, offering a new model for crypto-aligned fundraising. The Smarter Web Company, a publicly traded UK-based company holding Bitcoin on its corporate balance sheet, raised $21 million through a Bitcoin-denominated bond offering, marking a rare move in British capital markets. In a Wednesday London Stock Exchange announcement, The Smarter Web Company disclosed it had launched a Bitcoin-denominated bond that has already raised 15.8 million British pounds ($21 million). The bond was offered in a fully subscribed round backed by the French asset management giant Tobam. The new product, “Smarter Convert,” was designed in partnership with Tobam, with the French company investing through three of its managed funds. Tobam CEO Yves Choueifaty said that the company “is driven by a commitment to long-term alignment.” Read more -
Cointelegraph.com - 09:51 Aug 06, 2025
Crypto scammers are switching from code to exploiting human vulnerabilities that don’t require breaking through complex cybersecurity guardrails. A cryptocurrency investor lost $3 million in a phishing scam after signing a malicious blockchain transaction without verifying the contract address, highlighting the risk posed by digital asset scams. A single wrong click was all it took to drain $3 million worth of USDt (USDT) from an investor who failed to verify the contract address before signing the blockchain transaction. “Someone fell victim to a phishing attack, signed a malicious transfer, and lost 3.05M $USDT,” according to a Wednesday X post from blockchain analytics platform Lookonchain. “Stay alert, stay safe. One wrong click can drain your wallet. Never sign a transaction you don’t fully understand.” Read more -
Cointelegraph.com - 09:35 Aug 06, 2025
The Payments Association’s Riccardo Tordera told Cointelegraph that lifting the ETN ban allowed individual investors to make their own choices at their own risk. The United Kingdom’s financial regulator lifted a ban on crypto exchange-traded notes (cETNs) for retail investors in a move welcomed by industry leaders as a step toward aligning the UK with global crypto markets as a digital asset hub. On Friday, the UK’s Financial Conduct Authority (FCA) reversed the ban on retail access to cETNs, with regulatory changes taking effect from Oct. 8. The ban was enforced in January 2021, citing extreme volatility and “lack of legitimate investment need.” Lifting the cETN ban reflects a change in the regulator’s approach to crypto assets. In a statement, an FCA executive said the decision reflected how the market had evolved and how crypto-related products are better understood. Read more -
Cointelegraph.com - 09:17 Aug 06, 2025
South Korea’s BDACS has rolled out institutional custody support for XRP, following its partnership with Ripple and integration with top South Korean exchanges. South Korean crypto custodian BDACS has launched institutional custody support for XRP following its February partnership agreement with Ripple. The move provides institutions with regulated access to one of the world’s most actively traded digital assets. The rollout, announced via BDACS’s X account on Tuesday, enables institutions to securely store and manage XRP (XRP) using Ripple Custody, Ripple’s enterprise-grade custody solution. “We’re thrilled to offer custody support for XRP, one of the most popular digital assets in Korea, to our institutional clients,” BDACS wrote. “This launch strengthens our long-standing partnership with Ripple and underscores our commitment to the Korean market.” Read more -
Cointelegraph.com - 07:38 Aug 06, 2025
China’s security agency warned that biometric data collection by crypto firms, including iris scans, may endanger personal privacy and be exploited for espionage. China warned of the increasing use of biometric data by crypto-linked projects, cautioning that iris-scanning programs operating under the guise of digital asset distribution may threaten personal privacy and even national security. In a public security bulletin published Wednesday, China’s Ministry of State Security (MSS) outlined several emerging risks associated with biometric recognition technologies, including facial, fingerprint and iris data collection. The MSS cited an unidentified overseas company that, “under the guise of issuing cryptocurrency tokens, scanned and collected iris information from users worldwide and then transferred the data source.” Officials said this posed “a threat to personal information security and even national security.” Read more -
Cointelegraph.com - 00:21 Aug 06, 2025
Base blamed a 33-minute outage on Aug. 5 on an unprepared sequencer and said it has fixed the issue to ensure any chosen sequencer will be ready to process transactions. Coinbase’s Ethereum layer-2 blockchain Base stopped producing blocks for 33 minutes on Tuesday after switching to a backup sequencer that wasn’t set up properly to process transactions. The incident began at 6:07 am UTC when the active sequencer started falling behind on block production, prompting Conductor — Base’s system for managing sequencer availability and reliability — to switch sequencers. However, it switched to an “unhealthy mainnet sequencer” that was still being set up and thus wasn’t able to produce blocks, Base Build’s X account said in a post on Tuesday. Read more -
Cointelegraph.com - 23:21 Aug 05, 2025
Institutions may now have a clearer footing to build products around liquid staking tokens and unlock new market segments, according to industry executives. The crypto industry is hailing the US Securities and Exchange Commission’s latest guidance on liquid staking as a rare regulatory win, with stakeholders calling it a major step forward for decentralized finance and institutional adoption of digital assets. Released Tuesday, the SEC staff issued a guidance on liquid staking, writing that under certain conditions, liquid staking activities and the receipt tokens they generate do not constitute securities offerings. “Institutions can now confidently integrate LSTs into their products which is sure to drive new revenue streams, expand customer bases, and enable the creation of secondary markets for staked assets,” Mara Schmiedt, CEO of blockchain developer company Alluvial told Cointelegraph. Read more -
Cointelegraph.com - 22:26 Aug 05, 2025
Commissioner Caroline A. Crenshaw warns that the SEC’s statement offers little clarity for liquid staking providers. US SEC Commissioner Caroline Crenshaw sharply criticized a staff statement released on Tuesday by the regulator’s Division of Corporation Finance that praised the SEC’s position on liquid staking activities, saying it created more confusion than clarity. “Some things are better left unsaid,” began Crenshaw’s rebuttal, in which she argued that the staff statement “only muddies the waters” by relying on unverified assumptions. Crenshaw said the statement creates a “wobbly wall of facts without an anchor in industry reality,” warning liquid staking entities to proceed cautiously: “Caveat liquid staker.” Read more -
Cointelegraph.com - 22:14 Aug 05, 2025
The developer tool offers customizable wallets, USDC rewards and deeper integration with Coinbase’s Base app, aligning with recent pro-crypto legislation. Crypto exchange Coinbase is launching a developer tool aimed at simplifying wallet onboarding and boosting technical capabilities, as self-custody gains momentum in the United States following the passage of pro-crypto legislation earlier this month. Offered through the Coinbase Developer Platform (CDP), the Embedded Wallets tool gives developers access to the same infrastructure that will power Coinbase’s forthcoming decentralized exchange, the company disclosed Tuesday. The toolkit offers native rewards in USDC (USDC), the stablecoin issued by Circle. Users can earn 4.1% APY on USDC balances held within the wallets, without requiring staking. According to the Coinbase Developer Platform, this APY can either be retained by developers or passed on to users. Read more -
Cointelegraph.com - 22:10 Aug 05, 2025
Bitcoin has outperformed Berkshire and its top holdings in 2025, highlighting the cost of ignoring BTC as a hedge or growth asset. Key takeaways: Berkshire could have made $850M from Bitcoin with just a 5% allocation. Bitcoin has outperformed Berkshire stock and its top holdings in 2025. Read more -
Cointelegraph.com - 21:57 Aug 05, 2025
The State of Michigan Retirement System has nearly tripled its Bitcoin ETF holdings, signaling rising institutional confidence in digital assets. Michigan’s state pension fund has significantly increased its exposure to Bitcoin (BTC) via the ARK 21Shares (ARKB) exchange-traded fund, highlighting how ETFs are streamlining access to digital assets for institutional investors. By the end of the second quarter, the State of Michigan Retirement System owned 300,000 ARKB shares, worth $10.737 million, according to regulatory filings with the US Securities and Exchange Commission (SEC). This marks a notable increase from the 110,000 shares it held in the previous year. ARKB is one of the 11 spot Bitcoin ETFs approved by the SEC in January 2024, offering direct exposure to the cryptocurrency. Read more -
Cointelegraph.com - 21:43 Aug 05, 2025
The move follows significant gas fee reductions after the Dencun upgrade, and comes amid intensifying competition across blockchains. Ethereum co-founder Vitalik Buterin and developer Anders Elowsson have introduced EIP-7999, a proposal to streamline Ethereum's transaction fee structure. Released on Tuesday, the proposal seeks to establish a unified multidimensional fee market, allowing users to specify a single aggregate maximum fee for multiple resources. The proposal, if adopted, would eliminate the need to estimate and manage multiple fee components when submitting transactions and let users specify one all-encompassing maximum fee, making paying for transactions simpler and more predictable. Read more -
Cointelegraph.com - 20:07 Aug 05, 2025
If a bill to create a BTC reserves passes in Brazil's House of Representatives, it will require Senate approval before being signed into law or vetoed by the country's president. Brazil’s House of Representatives will hold a hearing on Aug. 20 to discuss a bill proposing the creation of a national Bitcoin reserve in the country. According to the House website, at least six institutions are slated to participate, including the Central Bank of Brazil, the Ministry of Finance, a crypto advocacy association and representatives from fintech companies and the banking sector. The bill, introduced in November 2024, seeks to allow up to 5% of the country's treasury funds to be used to buy Bitcoin, which translates to a potential investment of roughly $15 billion, assuming the central bank’s total reserves of about $300 billion as of February. Read more -
Cointelegraph.com - 19:46 Aug 05, 2025
After failing to retrieve a hard drive with 8,000 BTC, James Howells is turning the lost coins into the basis of a new DeFi project. Twelve years after accidentally throwing away a hard drive containing 8,000 Bitcoin (BTC), James Howells is abandoning his long-running effort to excavate it from a Newport landfill. Instead, he plans to launch a new token inspired by the lost coins. Howells, whose quest included legal battles, drone surveys and a 25-million British pound offer ($33.3 million) to buy the landfill outright, told Cointelegraph he’s shifting focus from physical recovery to a blockchain-backed project. Rather than trying to dig up the stash, he aims to turn the story of the lost Bitcoin into a DeFi token — symbolically “vaulting” what can no longer be accessed. Read more -
Cointelegraph.com - 17:33 Aug 05, 2025
In a new staff statement, the SEC clarifies that certain crypto liquid staking practices do not constitute securities offerings, marking a step toward clearer digital asset regulation. The US Securities and Exchange Commission (SEC) has clarified that certain cryptocurrency liquid staking activities do not constitute securities offerings, a notable step in the agency’s ongoing effort to provide clearer guidance on digital asset regulation. “The statement clarifies the division’s view that, depending on the facts and circumstances, the liquid staking activities covered in the statement do not involve the offer and sale of securities,” the regulator said Tuesday, referring to key sections of the Securities Act of 1933 and the Securities Exchange Act of 1934. In its Staff Statement, the SEC defined liquid staking as the process of staking digital assets through a protocol and receiving a “liquid staking receipt token,” which serves as evidence of the staker’s ownership. Read more -
Cointelegraph.com - 16:26 Aug 05, 2025
Three months into its full Bitcoin mining pivot, Chinese company Cango mined 450 BTC in July. Three months after divesting its auto financing unit to focus on Bitcoin mining, Chinese conglomerate Cango (CANG) has significantly ramped up crypto production, indicating that its acquisition of Bitmain mining rigs is enhancing its capacity amid intensifying industry competition. Cango produced 650.5 Bitcoin (BTC) in July, a sharp increase from 450 BTC in June, according to data from Farside Investors. Farside also noted it has added Cango to its miner dashboard while removing Hut 8 due to a lack of monthly production disclosures. As Cointelegraph reported, Cango mined a combined 954.5 BTC in April and May — the first two months following its full transition into Bitcoin mining. Read more
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