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Spot bitcoin ETFs saw back-to-back outflows for the first time since late July as the largest cryptocurrency wiped out last week's gains and altcoins struggled to find direction.
A spokesperson for the stablecoin payments company declined to comment on any IPO plans.
RedotPay’s US IPO has reportedly been delayed as it seeks regulatory approvals, while the company says it secured a US money transmitter license.
JPMorgan Chase reportedly cut banking ties with Polymarket in October 2025 over regulatory concerns but remains open to an underwriting role if the platform goes public.
According to CoinDesk, Bitcoin's price fell below $63,000 as oil prices and bond yields increased, with WTI crude surpassing $82 a barrel and the yield on the U.S. 10-year Treasury rising to 4.660%. This declines in Bitcoin are associated with the rising inflation pressures and risk-averse sentiment driven by higher energy costs and bond yields. Meanwhile, the Cronos token surged nearly 5% since midnight UTC, driven by the rollout of tokenized equities by Crypto.com, allowing exposure to US stocks. Additionally, Gemini's shares declined by 5% in pre-market trading after its second-quarter results showed a 38% drop in exchange revenue and a net loss of $107.7 million.
Crypto acceptance was just 0.2% online and remained below 1% at physical points of sale, while mobile payments gained ground.
The SEC canceled a meeting on proposed crypto offering rules after the Senate left for recess without voting on the CLARITY Act.
Top cryptocurrencies nurse losses as regulatory picture sours. ETF flows and traditional markets offer little support.
A new consultation targets "non-operating companies" broadly. Two familiar names still land on the deletion list.
According to Financial Times, JPMorgan ended its banking relationship with Polymarket in late 2025 over regulatory concerns.
Neutrl has suspended minting and redemptions of its NUSD synthetic dollar due to unspecified issues affecting protocol reserves, with the cause and extent of any potential impairment unclear, and the protocol not providing a timeline for resumption. The suspension also led Strata to pause related functions within its Neutrl market, which supports NUSD-linked products, although other markets remain operational. NUSD's market capitalization has decreased by approximately 18% over the past 30 days to about $53.6 million, and its trading volume has fallen significantly, though this decline is not explicitly linked to the reserve issue. Neutrl stated it paused other protocol functions on legal advice while it assesses the situation and plans to communicate next steps when available.
Figure Technology Solutions reported a second-quarter consumer loan marketplace volume of $4.3 billion, reflecting a 132% increase compared to the previous year, with the company's net income rising 192% to $87 million and net revenue more than doubling to $226 million. The marketplace volume included home equity lines of credit, debt-service coverage ratio loans, personal loans, and third-party loans traded on Figure Connect, which accounted for $2.8 billion or 65% of the total. The volume on the marketplace, launched in June 2024, increased 262% from the same period last year, and the company added 102 loan-origination partners during the quarter. CEO Michael Tannenbaum noted that weekly loan applications exceeded $1 billion in July, and Figure expects third-quarter marketplace volume to be between $4.8 billion and $5.2 billion.
According to researcher Justin Drake, the Ethereum Foundation is shifting away from using the Poseidon hash function in its post-quantum architecture and is instead opting for established alternatives such as SHA or BLAKE, citing advances in SNARKs that now allow traditional hashes to perform efficiently enough for their planned systems. Poseidon was previously considered for future post-quantum systems like leanVM, which aim to verify large volumes of blockchain activity, but these systems have not yet been deployed on mainnet. The foundation's target dates for deploying leanVM are 2027 and subsequent deployment across Ethereum's layers in 2028, though these are preliminary. Eigen Labs CEO Sreeram Kannan noted that established hash-based systems have fewer known vulnerabilities and could be deployed more quickly because they have been extensively scrutinized.
The SEC was ready to release at least some part of the innovation exemption alongside its now-canceled open meeting for "Reg Crypto" on Friday.
The first major crypto rule to be proposed by the U.S. Securities and Exchange Commission will have to wait a bit longer after a sudden postponement.
The City of Baltimore and Mayor Brendan Scott have filed lawsuits against Kalshi and Polymarket, alleging that these prediction market companies operated illegal, unlicensed sports-betting platforms and misled users about their legal status, as reported by Cointelegraph. The city claims the companies' event contracts amount to unlawful wagers under Maryland laws, and the complaint includes allegations that partnering companies Robinhood, Webull, and Coinbase marketed these contracts as lawful when they may not be. These legal actions are part of a broader conflict between US state authorities and federal regulators over the regulation of prediction markets, with some experts anticipating an appeal to the Supreme Court. The companies and the CFTC dispute this, with Polymarket emphasizing that prediction markets on CFTC-registered exchanges are governed by federal law.
KPMG’s audit covered Tether’s 2025 financial statements and found its reserves exceeded liabilities by $6.8 billion.
More than a year after being indicted on fraud charges related to his activities at crypto company Delio, Jeong Sang-ho faces prison time in South Korea.
Tether announced that it has completed its first full financial audit, conducted by KPMG U.S., an unqualified opinion was issued on its 2025 financial statements, which showed reserves exceeding liabilities by $6.814 billion. The audit went beyond previous quarterly attestations by testing transactions, systems, and assets, including a physical inspection of gold bars, in response to longstanding concerns about the backing and stability of its USDT stablecoin. This marks a significant step in transparency for Tether, whose reserves have grown to over $180 billion in market capitalization, and follows promises made years ago to conduct a full audit. Tether has not yet shared the detailed findings of the audit.
The CFTC will hold a meeting for its Innovation Advisory Committee on Aug. 20 to address regulation related to crypto assets, artificial intelligence and prediction markets.
The article from CoinDesk suggests that the optimistic forecasts of bitcoin reaching $1 million may be overly ambitious, primarily because they overlook opportunity costs associated with the current interest rate environment. The 30-year U.S. Treasury yield has risen above 5%, making non-yielding assets like bitcoin less attractive compared to safe-haven bonds, which offer higher returns. Additionally, technical analysis indicates a bearish pattern, known as a head-and-shoulders, on the bitcoin-to-30-year treasury yield ratio, which has historically signaled potential declines. For these reasons, the likelihood of bitcoin reaching such high prices might depend on a significant shift in the broader interest rate landscape.
The Blockchain Association argues the Fed should not have broad discretion to deny eligible state-chartered banks direct access to its payment system.
Standard Chartered said Robinhood’s Uniswap integration could solve a key challenge for new blockchains while accelerating UNI token burns.\n
The incident marks the first time Trezor customers' shipping addresses were exposed.
