Category: crypto

Prediction markets reached a new high in July with a combined trading volume of $50.59 billion across Kalshi, Polymarket, and Polymarket US. Kalshi led with $37.7 billion, while Polymarket US saw a 54% increase to $5 billion. Open interest decreased to $1.2 billion after the World Cup ended, signaling lower activity.

The U.S. Securities and Exchange Commission has put on hold the approval of Nasdaq PHLX’s proposed Bitcoin index options after granting CME Group’s petition for a full Commission review. The decision was made on July 29, and written statements supporting or opposing the approval must be submitted by August 24, 2026.

PayPal reported processing $486.4 billion in second-quarter payment volume, up 10% from the previous year. The company combined Payment Services & Crypto units, with PYUSD supply at $2.7 billion. PayPal’s net revenue rose 5% to $8.68 billion, with non-GAAP earnings at $1.38 per share. Stablecoins are a key part of PayPal’s innovation plan.

Bitcoin traded near $62,747 after reaching $63,697, reacting to U.S. economic releases and corporate earnings reports. Iran de-escalation had limited impact. Traders await key reports on employment, manufacturing, job openings, and private payrolls to shape Federal Reserve policy expectations. Bitcoin’s response remains muted while stock markets rise after Trump cancels strikes on Iran. Oil prices…

Luno customers in affected regions must sell their cryptocurrency holdings and withdraw to a bank before the account closure deadline on September 1. A $52 monthly fee may apply to remaining balances after closure. Luno has not disclosed the affected regions or the number of customers impacted by the regional-exit notice.

A security flaw in Coldcard’s hardware wallets has led to the theft of almost $90 million in Bitcoin from thousands of wallets. Kraken’s chief security officer is calling for independent testing of hardware wallet firmware to prevent such attacks in the future. Affected users must create new seed phrases to protect their funds.

Binance opened its August Monthly Leaderboard for Dual Investment users on Aug. 3, offering a top reward of 5,888 USDC. Users will be ranked based on their average Dual Investment subscriptions, with the top 100 participants receiving rewards ranging from 5,888 USDC to 68 USDC. Rewards will be distributed as Dual Investment subscriptions lasting 14…

Rumors suggest that Trade.XYZ is seeking $200 million in equity financing at a $1.5 billion valuation, causing conflicting views within the crypto community. Some support the report as credible, while others, like Cobie, dismiss it. Trade.XYZ has not confirmed the funding, sparking debate among community members. Trade.xyz recently reimbursed users after an SK Hynix liquidation…

The CLARITY Act was not scheduled for Senate floor action on Monday, Aug. 3, with only days left before the summer break. A Wednesday filing is needed for a possible Friday vote, with Democratic votes crucial as negotiations continue. Bipartisan cooperation may speed up the process, with a potential impact on the midterm elections.

Binance will delist six tokens from spot trading on August 17, 2026, after completing a review. The delisting process will include futures cutoff, closure of loans and payment services, removal from spot copy trading, and a deadline for withdrawals. VANRY holders must complete the migration process themselves through Vanar’s portal.