Category: crypto

Circle Internet Group renewed its agreement with Coinbase USDC on existing terms for three more years through 2029. The stablecoin remains at the center of the U.S. exchange’s products. Circle also reported strong revenue growth and rejected quarterly dividends to reinvest in products and strategic opportunities.

GSR increased Bitcoin allocation in its Core3 model portfolio on Aug. 5 due to slowing trading activity and volatility easing across Bitcoin, Ether, and Solana. Despite Bitcoin receiving the smallest weight, it remained the strongest asset. Solana had the steepest decline at 40.21% year to date. The model portfolio adjusted its allocation based on proprietary…

Sam Blackshear is leaving Mysten Labs to join Anthropic for defensive security research involving AI. He will remain an adviser to Mysten Labs and developers across the Sui ecosystem. Anthropic is expanding research into AI-enabled cyber threats, focusing on defensive uses of models. Blackshear’s background in programming languages and security tools aligns with this work.…

South Korean crypto exchange Upbit began trading for Cap’s CAP token across its Korean won, Bitcoin, and Tether markets on August 6. Trading started at 14:00 KST, with deposits and withdrawals using Ethereum. Upbit imposed restrictions on purchases and sell orders for two hours. Bithumb previously listed CAP.

SpaceX partners with NVIDIA to use its Vera Rubin platform for the Starmind satellite network. The partnership involves designing computing payloads for future satellites. SpaceX is seeking FCC approval to launch up to one million satellites for the project. This collaboration has led to stock gains for both companies.

US and UK financial regulators discuss stablecoins, tokenization, and digital asset oversight during the 13th UK-US regulatory meeting in London. Both governments support one-to-one stablecoin backing and greater regulatory coordination. The Bank of England has revised its stablecoin proposals, replacing holding limits with a £40 billion issuance cap. Washington is implementing the GENIUS Act, while…

BitMEX cofounder Arthur Hayes argues in his essay “Situationship” that the AI infrastructure boom could lead to a credit crisis rather than a dot com style equity collapse. He compares AI infrastructure to leveraged real estate and predicts a potential market downturn due to excessive spending on data centers. Hayes believes that the resulting liquidity…

Polymarket is reportedly discussing raising $1 billion at a valuation exceeding $20 billion. The company’s US expansion through a CFTC designated market is supporting its valuation case. Polymarket’s revenue growth and U.S. trading activity have increased, with Kalshi leading in prediction market volume. Regulatory disputes may influence the funding round.

Western Union and Rain launched Stablecard in 37 markets, allowing customers to use Western Union’s USDPT stablecoin for spending. The card can be funded with USDPT remittances and used at Visa merchants and ATMs. Anchorage Digital Bank issues USDPT on Solana, with reserves published online. Western Union aims to expand to over 60 markets.

Three Missouri men face federal charges for allegedly planning to steal Bitcoin through a home invasion in Connecticut. The defendants surveilled the target and his parents, with a maximum prison sentence of 20 years. Two admitted coordinators face sentencing dates, while the case involves additional groups and guilty pleas in a broader federal case.