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

Strategy Holds Bitcoin at 840,447 BTC as Cash Reserve Hits $4.8B

Strategy kept its bitcoin holdings unchanged at 840,447 BTC through Aug. 16 while lifting its U.S. dollar reserve to $4.8 billion. Common-stock sales funded the reserve increase, STRC repurchases and preferred-stock dividends. Strategy Leaves Bitcoin Holdings Unchanged Strategy Inc. (Nasdaq: MSTR) filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) on Aug. […]

US Debt Nears $40 Trillion in 5 Months as Bitcoin’s Case Gets Louder

The U.S. national debt is set to cross $40 trillion, a mark it was expected to surpass only after Labor Day. The milestone has come faster than any previous trillion-dollar jump in the United States’ history. The Fastest Trillion in US History The pace of America’s debt accumulation has become a story unto itself. The […]

BitMart Founder Confirms Chinese X Account Hack After Fund Claims

BitMart’s official Chinese X account was suspected to be taken over by an employee who used the platform to release a lengthy public accountability statement directed at founder Sheldon Xia and his partner, Lin. The statement demanded answers by August 19 over users’ restricted withdrawals, the location and status of customer funds, related fund movements, unpaid employee compensation, and a repayment plan. However, BitMart’s founder Sheldon Xia later confirmed that the X accou

Curve Founder Blasts Pump.fun, Phantom Wallet Experience

Curve Finance founder Michael Egorov has called Pump.fun “a casino of scams called memecoins” while referring to Phantom’s hardware-wallet experience as worse than Metamask’s, prompting pushback from industry personnel. Blunt Critique at Its Finest Michael Egorov, the founder of Curve Finance, has taken direct aim at two of Solana’s most prominent consumer products, describing Pump.fun, […]

Exclusive: Octa Cyprus CEO Georgios Pantzis to Step Down After Nine Years

Georgios Pantzis is going to step down as the Chief Executive of CFD broker Octa's Cyprus unit after almost nine years, Finance Magnates learned. He is now going to pursue independent business ventures, but the details remain unknown.A New Octa Cyprus CEO to Be Named?Octa Markets received the Cyprus Investment Firm (CIF) licence in December 2018, which allows the broker to offer CFD instruments across the European Economic Area member states. Pantzis has been overseeing the operations of Octa's

After Over 2 Years at OneRoyal, Dominic Poynter Departs as CCO

Dominic Poynter hasleft his position as Chief Commercial Officer at retail FX and CFDs brokerOneRoyal.Poynter confirmed hisdeparture in a LinkedIn post, saying: “After more than 15 years building andgrowing FX/CFD businesses, I'm available for my next commercial challenge.”Poynter Built Marketing Career BeforeOneRoyalPoynter joinedOneRoyal as Head of Marketing before movinginto the CCO role in 2025. He held the marketing position for more than ayear in Limassol, Cyprus.Before joiningOneRoyal, Po

Glassnode: Consumer Confidence Sinks as AI Stocks Soar, Bitcoin Left Behind

Consumer confidence is sitting near its weakest levels in a decade even as U.S. stocks notch record highs, and Glassnode says bitcoin is being left out of the rotation entirely. A Confidence Paradox Consumer confidence remains, in Glassnode’s words, “among the weakest readings of the past decade,” even after two consecutive months of improvement. That […]

Renaissance Technologies increases stake in Strategy by 20% with $40M purchase

<p>Renaissance Technologies' increased stake in Strategy highlights growing institutional confidence in Bitcoin-linked equities, impacting market dynamics.</p><p>The post <a href="https://cryptobriefing.com/renaissance-technologies-strategy-stake-increase/">Renaissance Technologies increases stake in Strategy by 20% with $40M purchase</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

House AI rules left unenforced, individual offices left to police themselves

<p>The reliance on AI in legislative processes risks embedding errors and eroding drafting skills, with minimal oversight exacerbating these issues.</p><p>The post <a href="https://cryptobriefing.com/house-office-overwhelmed-ai-content/">House AI rules left unenforced, individual offices left to police themselves</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Gold Price Stalls Below Trend Line for Fifth Day as XAU/USD Holds $4,400

Gold rose 0.54% to $4,400.26 by 08:40 UTC on Monday, August 17. XAU/USD remained pinned below its descending trend line for a fifth consecutive session.The line starts at January's record high above $5,500 and now crosses a resistance band that has stopped the recovery since last week.Gold reached its highest level in more than two months on August 12, yet the move did not produce a confirmed daily breakout. Price remains above its 50-day and 200-day exponential moving averages.That keeps my med

SafePal breach exposes 40,000 customers as hardware wallet attacks escalate from data leaks to $100 million theft

SafePal has become the latest hardware-wallet provider to suffer a security incident after an authorization flaw exposed personal information from about 40,000 customers.The Aug. 16 disclosure extends a run of security problems involving hardware-wallet companies and their users, including recent incidents affecting Trezor, Ledger and Coldcard.Two SafePal failures turned an order-system flaw into a larger data exposureSafePal revealed that the breach originated in the company's e-commerce infras

China reserve gauge hits 12-year high, smoothing yuan rise

<p>China's reserve strategy may stabilize the yuan, potentially affecting global currency dynamics and influencing gold and dollar markets.</p><p>The post <a href="https://cryptobriefing.com/china-reserve-gauge-hits-12-year-high-smoothing-yuan-rise/">China reserve gauge hits 12-year high, smoothing yuan rise</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

China’s commercial banks acquire net $289B of forex in January-July period

<p>China's increased forex acquisition by banks highlights its strategic shift towards yuan dominance, reducing reliance on the US dollar.</p><p>The post <a href="https://cryptobriefing.com/china-banks-net-forex-purchases-289b/">China&#8217;s commercial banks acquire net $289B of forex in January-July period</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

XDC Network hits all-time high of 27.7M monthly transactions

<p>XDC Network's transaction surge underscores its growing role in enterprise blockchain solutions, enhancing efficiency and interoperability in finance.</p><p>The post <a href="https://cryptobriefing.com/xdc-network-all-time-high-monthly-transactions/">XDC Network hits all-time high of 27.7M monthly transactions</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Shein targets $25B valuation in Hong Kong IPO, a steep fall from its $98B peak

<p>Shein's valuation drop highlights the volatile nature of fast-fashion markets and the impact of geopolitical and regulatory challenges on global IPOs.</p><p>The post <a href="https://cryptobriefing.com/shein-hong-kong-ipo-25b-valuation/">Shein targets $25B valuation in Hong Kong IPO, a steep fall from its $98B peak</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Tron Captures 52% of Low-Value USDT Transfers Globally

The Tron ecosystem continued to thrive in Q2, growing its stablecoin market cap to reach a record of $89.2 billion, with USDT as its flagship token. The project leads sub-1,000 USDT transfers amidst native-issuance chains, a testament to its allure in emerging markets. Tron Solidifies Stance as Stablecoin Chain, Leading USDT Market Capitalization and Card [&#8230;]

Taiwan’s KMT proposes NT$10,000 cash handout amid AI-driven growth

<p>The proposed cash handout could exacerbate inflation, impacting lower-income households and challenging Taiwan's fiscal strategy amid AI growth.</p><p>The post <a href="https://cryptobriefing.com/taiwan-cash-distribution-ai-growth/">Taiwan&#8217;s KMT proposes NT$10,000 cash handout amid AI-driven growth</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

China’s industrial output slowed and retail sales missed forecasts in July 2025

<p>China's economic slowdown highlights the urgent need for robust policy interventions to address consumer confidence and global trade challenges.</p><p>The post <a href="https://cryptobriefing.com/china-industrial-output-retail-sales-july/">China&#8217;s industrial output slowed and retail sales missed forecasts in July 2025</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Iran suspects missing pilots held captive, eyes legal action

<p>Iran's legal pursuit over missing pilots may heighten geopolitical tensions, impacting airspace management and market stability long-term.</p><p>The post <a href="https://cryptobriefing.com/iran-suspects-missing-pilots-held-captive-eyes-legal-action/">Iran suspects missing pilots held captive, eyes legal action</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>