Crypto World Echo

Valkyrie amends Bitcoin Fund S-1 filing with enhanced custody and valuation rules

Valkyrie Investments refiled an amended Form S-1 with the Securities and Exchange Commission on Thursday for its Valkyrie Bitcoin Fund, adding more precise rules around custody, valuation, seed investments, and risks as the cryptocurrency investment vehicle awaits regulatory approval to trade on Nasdaq. The new filing updates the index used to value the fund’s Bitcoin from Lukka Prime to the CME CF Bitcoin Reference Rate – New York Variant, which calculates the reference rate as of 4 PM Eastern

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

Bitcoin fell nearly $3,000 on July 31, dropping to an intraday low of $62,369 and slashing its monthly gain from 10% to 4.5%. Market capitalization fell from $1.3 trillion to $1.26 trillion. Federal Reserve Momentum Fades Bitcoin tumbled on the last day of July, shedding nearly $3,000 during a frantic 12-hour period that saw the […]

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

The largest stablecoin company reported a $446 million market capitalization increase despite a general market slowdown in Q2. While most of USDT’s collateral is still comprised of U.S. Treasury bills, the company grew its gold stash by 14 tons of physical gold, with a net revenue of $1.5 billion. Tether Releases Q2 Attestation, Reports $1.5 […]

Peter Schiff Says Strategy’s STRC Plan Hurts MSTR Shareholders

Shares of Strategy Inc. fell about 7% after the company released second-quarter earnings, while Peter Schiff argued that its STRC financing priorities increasingly disadvantage MSTR shareholders. The dispute highlights competing views over preferred-stock stability, bitcoin reserves, and common-stock value. Schiff Targets Strategy’s STRC Priority Selling pressure intensified around Strategy Inc. (Nasdaq: MSTR) on July 31 […]

Blackrock Drives 79% of Bitcoin ETFs $233M Inflow

Bitcoin ETFs attracted $233.13 million on Thursday, extending their recovery to a second straight session. Ether, XRP, and solana funds also finished in positive territory, while HYPE ETFs recorded no net flows. 7 Bitcoin Funds Gain as Blackrock Pulls $183.38M The institutional bid for bitcoin returned with force. After ending a four-day losing streak one […]

COLDCARD Bug Puts Hundreds of Hardware Wallets at Risk

Key Takeaways:Multiple wallet models were found to contain a critical entropy flaw by COLDCARD.Security researchers traced it back to the theft of approximately 594 BTC that currently represent about $40 million in total value.Users are encouraged to create new seeds and move funds as soon as they perform firmware software updates.User Score8.7Follow us on Google NewsResolution into this flaw in Bitcoin’s wallet seed generation algorithm has stirred a serious security dilemma for the commu

Biotech company asks shareholders to dilute stock by 951% to hoard illiquid crypto token instead of funding its own drug

Enlivex, a Nasdaq-listed biotechnology company, is asking shareholders to authorize up to $800 million of financing tied to the RAIN crypto token. The structure could increase its share count by as much as 951%.Despite Enlivex's biotech business, the financing is primarily a crypto-treasury transaction. RAIN delivered at closing would go to the company's treasury wallets, while substantially all cash or stablecoin proceeds are earmarked to acquire the token or support other treasury purposes, tr

Uniswap launches Earn with Morpho to let users generate yield on idle crypto

<p>Uniswap's Earn launch may intensify competition for lending demand, potentially compressing yields if borrowing doesn't scale proportionally.</p><p>The post <a href="https://cryptobriefing.com/uniswap-earn-morpho-yield-idle-crypto/">Uniswap launches Earn with Morpho to let users generate yield on idle crypto</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Silicon Valley is spending over $200 billion on AI and losing money doing it

<p>Tech giants' massive AI investments risk prolonged financial strain, potentially impacting stock valuations if returns delay beyond 2027-2028.</p><p>The post <a href="https://cryptobriefing.com/silicon-valley-ai-spending-losses-capex/">Silicon Valley is spending over $200 billion on AI and losing money doing it</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

European football’s $20M salary frenzy is quietly moving crypto markets

<p>The surge in European football salaries is amplifying speculative trading in fan tokens, highlighting their volatility and sentiment-driven nature.</p><p>The post <a href="https://cryptobriefing.com/football-transfer-market-crypto-fan-tokens/">European football&#8217;s $20M salary frenzy is quietly moving crypto markets</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Russia unveils Bitcoin margin trading rules, impacting global crypto markets

<p>Russia's regulatory move may boost global crypto confidence, potentially influencing other nations and impacting Bitcoin's market dynamics.</p><p>The post <a href="https://cryptobriefing.com/russia-unveils-bitcoin-margin-trading-rules-impacting-global-crypto-markets/">Russia unveils Bitcoin margin trading rules, impacting global crypto markets</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

UAE condemns Iran’s drone strikes on Kuwait as Gulf tensions reach new heights

<p>Rising Gulf tensions could destabilize regional security and impact global oil markets, while crypto investments remain resilient amid unrest.</p><p>The post <a href="https://cryptobriefing.com/uae-condemns-iran-drone-strikes-kuwait/">UAE condemns Iran&#8217;s drone strikes on Kuwait as Gulf tensions reach new heights</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Bank of England hawks appear isolated as committee shifts to holding rates steady

<p>The Bank of England's steady rates may boost risk assets, but geopolitical energy tensions pose inflation risks, complicating future policy moves.</p><p>The post <a href="https://cryptobriefing.com/bank-of-england-rate-hold-crypto-implications/">Bank of England hawks appear isolated as committee shifts to holding rates steady</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Real Madrid won’t increase Vinicius Jr’s contract offer amid standoff

<p>Vinicius Jr's contract standoff with Real Madrid could prompt him to explore transfers, potentially increasing PSG's chances of signing him.</p><p>The post <a href="https://cryptobriefing.com/real-madrid-wont-increase-vinicius-jrs-contract-offer-amid-standoff/">Real Madrid won&#8217;t increase Vinicius Jr&#8217;s contract offer amid standoff</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Circle Hits Regulatory Milestone With NYDFS Trust Charter

The limited trust charter received adds to the OCC approval to establish a National Trust Bank, positioning Circle as one of the most regulated stablecoin issuers in the cryptocurrency ecosystem. Circle was the first company to receive a New York BitLicense in 2015. Circle Receives Limited Purpose Trust Charter From NYDFS Circle, a financial and [&#8230;]

Bank of England slows quantitative tightening pace, aligning with market expectations

<p>The BoE's QT slowdown may stabilize gilt yields, easing market pressures and potentially benefiting macro assets like Bitcoin amid liquidity cycles.</p><p>The post <a href="https://cryptobriefing.com/bank-of-england-slows-quantitative-tightening/">Bank of England slows quantitative tightening pace, aligning with market expectations</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

US lawmakers probe DoorDash over use of Chinese AI models, raising stakes for crypto firms too

<p>The investigation could lead to increased scrutiny and regulatory challenges for US firms using foreign AI, impacting operational strategies.</p><p>The post <a href="https://cryptobriefing.com/us-lawmakers-doordash-chinese-ai-models-crypto/">US lawmakers probe DoorDash over use of Chinese AI models, raising stakes for crypto firms too</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Shelbit processed $250M for illegal Iranian gambling network, Reuters investigation finds

<p>The investigation into Shelbit's operations could lead to increased regulatory scrutiny and sanctions enforcement in the global crypto market.</p><p>The post <a href="https://cryptobriefing.com/shelbit-250-million-illegal-iranian-gambling-network/">Shelbit processed $250M for illegal Iranian gambling network, Reuters investigation finds</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

3iQ Wins Bitcoin Treasury Mandate in Bhutan

Key Takeaways:With a new strategic mandate, 3iQ will handle part of Gelephu Mindfulness City&#8217;s Bitcoin treasury.The initiative aligns with Bhutan&#8217;s vision of creating a regulated institutional digital asset ecosystem.In addition to fund management, 3iQ will create a local footprint and develop capable local staff in Bhutan.User Score8.7Follow us on Google NewsBhutan&#8217;s national Bitcoin strategy continues on major steps. 3iQ, a digital asset manager, has won a mandate to manage a

Judge lets FTX recovery trust chase Binance for $1.76 billion over a 2021 share buyback

The FTX Recovery Trust, which is pursuing assets for the bankrupt exchange's creditors, can keep trying to recover at least $1.76 billion that FTX alleges it transferred to Binance parties in a 2021 share repurchase.A July 24 ruling by U.S. Bankruptcy Judge Karen B. Owens preserved the core clawback claims against four Binance entities and Changpeng Zhao while dismissing separate claims tied to FTX's collapse. The decision lets the case continue but does not establish liability or award money to