Author: John Smith
Coinbase CEO Brian Armstrong has said Bitcoin could be entering its next bull cycle as the asset trades above $72,000 ahead of a key U.S. Senate vote on crypto legislation. Summary Bitcoin has climbed above $72,000 after gaining more than 11% within 24 hours. Armstrong identified the September CLARITY Act vote as the market’s next major policy event. The Sep. 15 Senate action is a procedural vote, not a final decision on the bill. US spot Bitcoin ETFs attracted $517 million on Aug. 19, according to SoSoValue. Armstrong sees a possible Bitcoin bull cycle In an Aug. 20 interview with…
A group of Bitcoin wallets dormant since 2014 has transferred 1,214.42 BTC worth about $86 million as the cryptocurrency traded near a weekly high of $72,400. Summary 28 dormant wallets transferred 1,314.41 BTC worth $94.03 million within 24 hours. 2014 wallets supplied 92.4% of the Bitcoin moved during the period. 21 transactions carried exactly 50 BTC from legacy wallets to newer address types. Arkham labels have not connected the receiving addresses to any known exchange. Dormant Bitcoin wallets move $94 million Bitcoin.com reported on Aug. 20, citing btcparser.com data, that 28 long-inactive wallets moved a combined 1,314.41 BTC between Aug.…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP rebounds 10% as Bitcoin short liquidations top $1 billion, while UE Crypto expands cloud mining access Summary XRP rebounds 10.17% near $1.10 as Bitcoin surges 8%, triggering more than $1B in short liquidations. Bitcoin hits $72,281 after a sharp rebound, fueling a major short squeeze and lifting XRP toward $1.10. XRP and BTC volatility sparks interest in UE Crypto’s contract-based cloud mining as an alternative income option. XRP has recently staged a strong rebound, with its price briefly…
Arch Lending co-founder Himanshu Sahay has identified qualified custody, zero rehypothecation, and clear collateral rules as three safeguards needed to reduce risks in Bitcoin-backed lending. Summary Bitcoin-backed loans give long-term holders access to cash without requiring an immediate sale. Sahay said independent custody and zero rehypothecation can limit operational and counterparty risks. Borrowers still face interest charges, margin calls and liquidation when Bitcoin’s price falls. Celsius, BlockFi, and Genesis showed how opaque lending structures can leave customers exposed. Himanshu Sahay, co-founder and chief technology officer of Bitcoin-backed lending platform Arch Lending, told crypto.news that wealthy Bitcoin holders are increasingly using…
Wall Street did not wake up one morning and decide it liked Bitcoin. It woke up and realized the custody fees were too large to leave on someone else’s balance sheet. Summary Citigroup announced Custody+ on Aug. 18, folding Bitcoin into the same rails that hold $34.5 trillion in traditional assets, with a live launch expected before year end 2026. BNY Mellon, the world’s largest custodian at $59.4 trillion in assets under custody, already holds crypto for ETF issuers and expanded Bitcoin and Ethereum custody to Abu Dhabi in May 2026. Coinbase Custody manages $376 billion in institutional crypto assets…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP liquidity on Binance is declining as prices face resistance, while UE Crypto promotes cloud mining and yield aggregation as alternative return strategies. Summary XRP’s Binance balance slips to 2.62 billion as the token struggles to reclaim $1.07, keeping near-term price gains under pressure. With XRP facing volatile trading conditions, investors are exploring cloud mining as an alternative way to seek passive returns. UE Crypto highlights cloud mining, multi-asset support, and automated yield services as XRP holders seek diversified…
The U.S. Securities and Exchange Commission has held back its planned crypto innovation exemption ahead of a Sept. 15 Senate vote on the CLARITY Act, with Securitize President Brett Redfearn expecting the rule to return as early as October. Summary Securitize says the SEC pulled back its crypto innovation exemption over concerns about the CLARITY Act vote. The Senate is expected to vote on the CLARITY Act on Sept. 15. Securitize expects the SEC exemption to return after the vote, potentially in early October. Securitize President Brett Redfearn said the SEC pulled back the exemption last Friday because of concerns…
Bitcoin has been presented as a possible neutral reserve asset after an old video of U.S. Vice President JD Vance resurfaced in which he questioned whether the dollar’s reserve currency status ultimately benefits the United States. Summary JD Vance questioned whether dollar reserve status benefits the US economy despite lowering borrowing and import costs. The debate centres on the Triffin dilemma, which describes the conflict created when a national currency also serves as a global reserve. Stablecoins can increase global demand for dollars and US Treasuries without removing the underlying monetary conflict. Bitcoin has been proposed as a neutral reserve…
Coinbase has secured regulatory permission in Abu Dhabi to establish an international tokenization hub that will support the issuance and custody of securities backed by underlying shares. Summary Coinbase has chosen Abu Dhabi as its international hub for tokenized securities. ADGM has approved the exchange to arrange investment deals and provide custody services. The securities will be backed by underlying shares and can be held in digital wallets. The hub expands Coinbase’s existing Abu Dhabi operations, including Project Diamond. Kearney estimates tokenized GCC assets could approach $500 billion by 2030. Coinbase said the Financial Services Regulatory Authority of Abu Dhabi…
Swift, HSBC and Standard Chartered completed the first live interbank transaction on Swift’s blockchain-based ledger on Aug. 19, 2026. Summary Swift connected HSBC and Standard Chartered tokenized deposit platforms in its first live interbank transaction. The ledger matched and netted payment obligations before final settlement occurred through existing banking systems. HSBC recorded obligations through its Tokenised Deposit Service while Standard Chartered used its separate infrastructure. Seventeen banks across six continents joined Swift’s pilot for interoperable tokenized deposit live transactions globally. HSBC’s service currently operates in six markets and supports seven currencies, including dollars and euros. The transaction connected two independently…