The Senate has decided to postpone the vote on the Clarity Act until September, as reported by Eleanor Terrett. This delay could have significant implications for the regulatory landscape of the crypto industry. Stakeholders will need to monitor developments closely as this decision may influence upcoming legislative efforts regarding digital assets. For further details, see […]
The recent escalation in Yemen could destabilize the region further, impacting markets and increasing the risk of broader Middle Eastern conflict. The post Houthi strikes in Yemen kill dozens, Saudi Arabia warns of further attacks appeared first on Crypto Briefing.
Iran’s proposed fee could heighten regional tensions, impact global shipping costs, and challenge diplomatic relations with the U.S. The post Iran proposes 5-7% fee on Strait of Hormuz cargo amid US opposition appeared first on Crypto Briefing.
Polygon has recognized Hashport for its significant milestone in promoting stablecoin adoption throughout Japan. This achievement underscores the growing acceptance of digital currencies in local markets. As stablecoins become more integrated into financial transactions, this move could pave the way for broader crypto adoption in the region, enhancing liquidity and market participation. source Breaking It […]
Fundstrats Tom Lee expects the SP 500 to reach 7,900 to 8,000 in August, arguing that strong corporate earnings, improving investor sentiment, and continued artificial intelligence spending could fuel another leg higher. He also identified Ethereum, Magnificent Seven stocks, and software companies as potential leaders of the rally. Speaking on CNBC, Lee said a deleveraging […]
Dubai Duty Free has introduced Crypto.com Pay as a regulated digital payment option for eligible UAE residents, allowing customers to use their Crypto.com accounts at airport stores and online. The rollout integrates crypto-enabled payments into global travel retail. Dubai Duty Free Adds Crypto Payments to Airport Retail The airport retailer unveiled Crypto.com Pay on Aug. […]
Could BICO’s latest price action signal a larger trend? BICO has plunged 11.23% in just 15 minutes, dropping from $0.04033 to a current price of $0.0358. This sudden decline follows a 24-hour period where the coin had surged over 27% overall. The notable trading volume of $29,733,595.55 adds context to this swift downturn. The Key […]
Bybit said it is expanding borrowing capacity for users with large crypto holdings by raising the ‘collateral recognition ratio’ across supported assets in its Unified Trading Account (UTA) loan product, a move that could materially increase effective leverage for high-balance traders and institutions. The world’s second-largest crypto exchange by trading volume announced on Aug. 6 […]
Bitcoin miner MARA swung to a net loss of $611.3 million from a year-earlier profit in the second quarter of 2026, driven primarily by a change in the value of its Bitcoin holdings, despite reporting its highest quarterly Bitcoin production in more than a year. The net loss, equivalent to $1.60 per diluted share, is down compared to a net income of $808.2 million, or $1.84 per diluted share, in the second quarter of 2025, according to the company’s 10-Q SEC filing. MARA mined 2,422 Bitcoin in the quarter, 3% more than the prior year period, but higher production was more than offset by a 28% decline in the average Bitcoin price. “Two things defined Q2 for MARA. Bitcoin prices created a challenging revenue environment [and] we used the quarter to fundamentally transform our power portfolio and capital structure,” said MARA chief financial officer Salman Khan during an earnings call on Thursday. The quarter highlights MARA’s exposure to Bitcoin prices even as it expands mining capacity and pursues AI and high-performance computing infrastructure. As of June 30, MARA held a total of 35,577 Bitcoin, with a total fair value of $2.1 billion, making it the fourth-largest public Bitcoin holder after Strategy, Twenty One Capital and Metaplanet. MARA eyes continued AI expansion In February, the company acquired a majority stake in Exaion SaS, which operates high-performance computing (HPC) data centers and secure cloud and AI infrastructure.In the same month, MARA also announced a partnership with Starwood Capital Group and its data center development platform Starwood Digital Ventures to enable the conversion of select MARA sites to meet demand from “enterprise, hyperscale and AI customers.” Related: Bitcoin miners’ AI pivot loses Wall Street’s wow factor MARA said it is targeting at least two AI/HPC lease signings by year-end. “Working alongside Starwood, we are progressing lease discussions across multiple sites, and we remain confident in our ability to sign at least 2 leases before year-end,” MARA CEO Fred Thiel said on Thursday. In July, MARA also agreed to acquire a 1,200-acre powered land site in Matagorda County, Texas, with expected access to up to 2 gigawatts of grid capacity by April 2028. The company said it intends to develop the site for AI and HPC workloads as well as Bitcoin mining. MARA’s expansion plans also include its pending acquisition of Long Ridge Energy & Power in Ohio, a $1.5 billion deal that MARA has said could support up to 600 megawatts of AI and critical-IT load over time.Related: Galaxy, MARA Holdings deepen Texas expansion with land acquisitionsBitcoin mining remains foundationalIn a letter to shareholders on Thursday, Thiel said Bitcoin mining still represents the core of MARA’s business and will continue to generate cash flow that supports its other investments. “Ultimately, we do not view Bitcoin mining and AI infrastructure as competing businesses,” said Thiel.“Our capital allocation philosophy remains straightforward. Every megawatt should be deployed into its highest-value application. In some markets, that will continue to be Bitcoin mining. In others, it will be AI infrastructure, sovereign cloud, or enterprise computing.”Magazine: 10 weirdest things ever tokenized… including farts
Bitcoin traders are watching the July US nonfarm payrolls report closely, with economists forecasting just 83,000 new jobs and the unemployment rate holding at 4.2%. A weaker-than-expected reading could revive expectations for easier Federal Reserve policy and potentially provide a short-term boost to the Bitcoin price. The setup resembles June, when payroll growth significantly disappointed […]
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