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    Bitcoin Hits $72,850 as Traders Lose $650M in Shorts

    Bitcoin Hits $72,850 as Traders Lose $650M in Shorts

    Key TakeawaysBitcoin surged 14% over four days to a session high of $72,850, lifting its market cap to $1.45 trillion.Pro-crypto White House meetings and Treasury policy shifts sparked $1.59 billion in short bets liquidated.Market strategists expect Scott Bessent’s...
    Selig Turns up the Heat as CFTC Readies Its Own Crypto Rules

    Selig Turns up the Heat as CFTC Readies Its Own Crypto Rules

    Key TakeawaysSelig ordered CFTC staff on Aug. 20 to prepare backup crypto market rules.CFTC rules could give exchanges a new path if the 2026 Clarity Act stalls.Senate action could return in September, with the Clarity Act needing 60 votes. Speaking Thursday at the...
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