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Crypto critics file updated campaign finance complaint against Coinbase

The complainants and Coinbase disagree on whether a government contract to custody seized crypto breaches campaign finance laws or not.

US Bitcoin, Ethereum ETFs hit $6B volume amid market rout

Bitcoin sunk to under $50,000 at the start of US trading on Aug. 5, prompting a huge spike in trading volumes of crypto-related ETFs.

US senators urge CFTC to finalize ban on election betting

It comes as decentralized prediction platform Polymarket has gathered more than $500 million in bets on who will likely win the 2024 United States presidential election.

Trump cautions current administration not to sell Bitcoin

The former president continues to stress that if the United States does not innovate in the digital asset sector, other countries will.

The Bitcoin bottom is not in — BTC traders set price targets in low $40K range

Crypto traders appear to agree that today’s market rout is far from over.

Swan Bitcoin cancels conference amid staff reduction, mining shutdown

According to Swan Bitcoin CEO Cory Klippsten, “it just doesn’t feel like the right time for a festival” after the firm announced staff cuts in July.

US government transfers 300 ETH — Arkham Intelligence

The 300 Ethereum coins were transferred from a wallet identified as “Noman Seleem Seized Funds” by the onchain analytics firm.

Crypto market’s ‘perfect storm’ can lead to further massive capitulation

A rapid decline in the traditional markets has spread to cryptocurrencies, obliterating them with a significant drop in all major assets. What are the possible factors for this perfect storm?

Europe’s fourth largest hedge fund put nearly $500M in Bitcoin ETFs — Filing

Other hedge funds are also reporting sizable positions in Bitcoin exchange-traded funds.

Ethereum price recovery from 8-month low could take longer than expected — Analysts

Several factors accelerated ETH’s drop to $2,100, and analysts warn that the recovery could take some time.

Arizona primary involving crypto Super PAC’s $1.3M is a squeaker

The primary between two Democrats in Arizona’s 3rd Congressional District will likely go to a recount, with money from crypto interests involved in the race.

Elon Musk renews lawsuit against OpenAI, Sam Altman — Filing

Musk claims he was misled about the ChatGPT creator’s true purpose.

Key takeaways from the Golden Boys’ attack on Compound DAO

A group of Compound DAO members called the "Golden Boys" won a narrow vote to manage 5 percent of the DAO treasury on members’ behalf. Here’s what we can learn.

Justin Sun denies liquidation rumors amid market turmoil

Over the weekend, more than $1 billion in futures positions were liquidated from the crypto markets as fears of a looming recession intensified.

Price analysis 8/5: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

Global equity markets witnessed a massive sell-off, pulling Bitcoin and several major cryptocurrencies to unexpected lows.

Bitcoin bulls were obliterated, but is it time to catch the falling knife?

Bitcoin derivatives show traders’ morale is low, weakening the odds of a 20% rise from the $49,320 BTC bottom.

Jump Trading’s Ether dump: Smart move or sign of trouble?

Jump Trading’s aggressive Ether sell-off, coinciding with Japan’s market crash, raises questions about its strategy and market exit.

Ex-Ripple board member, Biden adviser joins Harris campaign: Report

Economics adviser Gene Sperling joined Ripple’s board in 2015 after serving under Presidents Bill Clinton and Barack Obama.

Bitcoin analyst sees seller ‘exhaustion’ as BTC price rebounds 10%

Bitcoin sellers run out of steam and BTC price strength returns at the Wall Street open as US stocks initially avoid copying the fate of their Asian counterparts.

Bitcoin ETF trading volume tops $1B amid crypto crash — Galaxy

Galaxy’s head of research expects the funds to see inflows as investors buy the dip.

Robinhood says its 24-hour trading ‘currently operating’

Introduced in May 2023, the Robinhood 24-hour market service allows customers to invest on their own schedule.

Market makers sold over $300M Ether as ETH price crashed below $2,200

Ether’s price fell from above $3,000 to $2,100 due to selling pressure from a select group of market makers.

Bitcoin price downside may last 2 months — Analysis

Bitcoin could experience another two months of downside pressure before a bullish chart pattern could lead to a breakout.

Xapo Bank debuts interest-bearing Bitcoin, fiat accounts in the UK

Xapo Bank enters the UK market and becomes the first in the country to launch interest-bearing Bitcoin and fiat banking accounts.

Crypto market crash triggered by ‘aggressive’ selling by Jump Trading: Report

Jump Trading significantly contributed to the crypto market sell-off, and it could be looking to sell another $104 million worth of crypto.

Crypto products shed $528M amid recession fears — CoinShares

As Bitcoin dropped below $50,000, analysts expect more outflows that would potentially drive prices down to $42,000.

Over $1B wiped out in crypto liquidations as global markets suffer

Crypto traders faced significant losses as major cryptocurrencies, including Bitcoin and Ether, experienced a sharp decline, resulting in over $1 billion in liquidations.

Whales prepare for next altcoin rally, DeFi is ‘waking up’ — Finance Redefined

Crypto whales are positioning themselves for the next “altcoin season,” while DeFi loans are seeing a resurgence back to 2022 highs.

Analysts warn of further Bitcoin downside — Could BTC revisit $42K?

Despite the gloomy outlook, Bitcoin could prevent more downside pressure if it manages to remain above the $51,000 mark.

Bitcoin on edge as economy falters: 10x Research report

Findings from a 10x Research report reveal a potential Bitcoin price drop below $50,000 amid US economic uncertainty, impacting the broader crypto market.

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