Author: Fahd Parihar

Bitcoin rebounds above $64,000 and eyes $65,000 as technicals improve, while progress in US-Iran talks and efforts to reopen the Strait of Hormuz support risk appetite.

Polymarket is reportedly in preliminary talks to raise $1 billion at a valuation above $20 billion, months after closing a $15 billion round and expanding its US exchange.

Strategy sold 1,638 BTC for about $104.7M, reducing its holdings to 842,138 BTC, and used part of the proceeds to repurchase $81.2M in STRC while topping up its USD reserve.

A former FBI supervisory agent allegedly stole nearly $1 million in cryptocurrency and used ChatGPT to plan how to use the funds and relocate to Europe, before being charged and taken into federal custody.

Galaxy Research head Alex Thorn says blockchain analysis suggests Coldcard was hit by a suspected fourth organized attack wave on Aug. 3, with 448.7 BTC moved from 709 wallets.

ZeroStack says funding operations via 0G token reward sales is in jeopardy after the token’s sharp collapse, raising questions about its ability to remain a going concern.

PeckShield reports the crypto industry lost $210.3 million to 30 major hacks in July, up sharply from June, as Ethereum and Solana continue to lead overall losses.

New York Attorney General Letitia James sued Kalshi, calling prediction markets illegal gambling, while the CFTC moved to block New York’s enforcement and Kalshi called it political theater.

Strategy reported an $8.33 billion operating loss in Q2, driven by an $8.32 billion unrealized loss on its Bitcoin holdings as BTC fell below its $63.69 billion acquisition cost.

Coinbase posted $1.2 billion in Q2 revenue but missed Wall Street estimates again, citing weaker spot trading volumes and low volatility.