Category: crypto

Circle stock initially rose 7% but later fell 3% due to mixed second-quarter results and concerns about USDC activity and shrinking margins. Revenue missed estimates at $701 million, but earnings per share beat expectations at $0.18. Mizuho maintained a bearish rating with a $45 price target. Circle raised USDC and revenue guidance. Stock tests support…

SpaceX stock fell 11% due to record AI investment and approaching share unlock. Q2 revenue was $7.8 billion, up 92%. Starlink drove revenue growth, but high AI spending raised concerns. Piper Sandler cut price target to $140. Analysts differ on stock outlook. Chart shows $104.91 support level.

The Pentagon is considering shorter-range tactical nuclear weapons for potential regional conflicts with China or Russia. Bitcoin has not been formally included in the nuclear review, but overlaps with US military discussions on decentralized networks and digital financial infrastructure. The US Strategic Bitcoin Reserve holds forfeited BTC under a no-sale policy.

Minneapolis Fed President Neel Kashkari supports gradual interest rate increases to combat persistent inflation and uncertainty in the Strait of Hormuz. Polymarket traders predict a 46% chance of a rate increase in September. Kashkari believes incremental rate hikes are necessary to control inflation without harming the US economy. Fed’s July decision to maintain rates exposed…

Senate Majority Leader John Thune did not file cloture on the CLARITY Act, while prioritizing other legislation. Negotiations over the crypto bill are ongoing, with disputes remaining unresolved. Thune indicated that discussions are still underway, but the bill’s passage before July 1, 2027, is uncertain according to prediction markets.

Strategy will contribute $250 annually to Trump Accounts for eligible children of its U.S. employees, expanding its benefits beyond Bitcoin treasury operations. The benefit will start after Treasury guidance is finalized. Eligible children born from 2025 will receive a one-time $1,000 company contribution. Strategy still holds 842,138 BTC.

Coinbase will suspend six cryptocurrency trading pairs on Aug. 6 after moving five markets into limit-only mode as part of its routine market review. The exchange also added BIO, BNKR, and TREE for supported customers. Coinbase is preparing to move institutional derivatives accounts to Deribit on Sept. 9.

Senator Cynthia Lummis is pushing for a Senate vote on the CLARITY Act before the August recess. Negotiations continue on unresolved provisions, including CFTC authority, ethics rules, illicit finance, and stablecoin yield. The bill needs 60 Senate votes, but a cloture filing has not been confirmed, leaving the timing uncertain.

Lido DAO’s price increased by 5.2% after falling briefly to $0.2757. The token is down 16.7% over the week but up 5% monthly. Concerns over Ethereum’s EIP-8361 proposal affecting staking revenue kept LDO under pressure. A vote on the NEST automated buyback system is ongoing until August 8.

Most of the Bitcoin stolen through the COLDCARD wallet flaw remains untouched. The largest known attacker controls 1,159 BTC spread across seven addresses. A separate attacker sent 64 BTC to a mixer. Investigators have distributed flagged addresses to law enforcement and exchanges. Recovery of the stolen funds remains uncertain.