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    Bitcoin Traders Lose $100M as BTC Drops $3K in 12 Hours

    Bitcoin Traders Lose $100M as BTC Drops $3K in 12 Hours

    Key TakeawaysBitcoin fell nearly $3,000 on July 31, dropping to $62,369 after failing to hold $65,000.The crash wiped out $360 million in crypto bets, reducing Bitcoin’s monthly gains to 4.5%.Senate delays dropped the 2026 passage odds for Senator Lummis’s CLARITY Act...
    USDT Issuer Tether Hits $1.5B Q2 Profit, Hoards 98,932 Bitcoin

    USDT Issuer Tether Hits $1.5B Q2 Profit, Hoards 98,932 Bitcoin

    Key TakeawaysTether reported $1.5B in Q2 profit as USDT cap reached $184.6B, capturing 60% of the stablecoin market.Tether backed USDT with $115B in Treasuries and $18.8B in gold, building $4.11B in excess reserves.Tether hired KPMG for its first third-party audit,...
    Blackrock Drives 79% of Bitcoin ETFs $233M Inflow

    Blackrock Drives 79% of Bitcoin ETFs $233M Inflow

    Key TakeawaysBlackrock’s IBIT led $233.13M into bitcoin ETFs, extending the recovery to 2 days.XRP ETF assets hit $1B as ether and solana gains signaled broader institutional demand.HYPE paused a 5-day outflow run at $260.44M as markets watch whether demand returns in...
    Aave Founder Stani Kulechov Backs $98M Market Cleanup

    Aave Founder Stani Kulechov Backs $98M Market Cleanup

    Key TakeawaysAave plans to exit six chains and remove 71 markets covering $98.1M in deposits.Aave’s $14.5B scale shows DeFi is prioritizing revenue over low-use expansion.Aave will shift resources to larger markets and securities finance after six network exits. Aave...
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