Latest news
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MicroStrategy Posts $8.2B Loss as Bitcoin Falls 14%; Saylor Eyes Purchases
MicroStrategy reported a $8.22 billion net loss in Q2 2026 after Bitcoin fell 14%, but chairman Michael Saylor's cryptic "Bitcoin Drive engaged" message hints the company may resume major purchases using its $3.225 billion cash reserve.
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OPEC+ approves 188,000 barrel-per-day production increase starting September
Seven OPEC+ nations agreed to gradually increase oil output by 188,000 barrels per day starting in September, maintaining flexibility to pause or reverse the decision based on market conditions.
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Coldcard firmware exploit drives bitcoin holders back to exchanges
A firmware vulnerability in Coldcard hardware wallets triggered $70–$90 million in losses and prompted retail bitcoin holders to move smaller balances onto centralized exchanges for safety, marking a sharp reversal from the self-custody migration that followed the FTX collapse.
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XRP Ledger payment volume hits 1.13 billion XRP in single day
XRP Ledger payment volume surged to approximately 1.13 billion XRP in a single day, more than doubling from recent levels and marking the biggest transaction spike of the previous month, though price action has lagged the on-chain gains.
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Craig Wright: Bitcoin Protocol Should Never Be Modified
Craig Wright, who claims to be Bitcoin's creator, has argued that the network's protocol should remain permanently fixed rather than being changed through developer-led upgrades, asserting that stable rules create a level playing field for businesses.
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Bitcoin leveraged shorts cover, but bullish confirmation remains elusive
A sudden 5,500 BTC drop in leveraged short positions across CME futures between July 21 and July 28 signaled potential short covering, but simultaneous pullbacks by asset managers and spot ETF outflows suggest the move doesn't confirm a sustained bullish institutional turn.
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Shiba Inu Burn Rate Surges 405% as 124M SHIB Destroyed
Shiba Inu's daily burn rate jumped 405% with 124 million SHIB destroyed in 24 hours, marking accelerated token destruction as the layer-2 Shibarium showed recovery signs at August's start.
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Shiba Inu listed on OKX's European X-Perps with 10x leverage
Shiba Inu (SHIB) and five other crypto tokens joined OKX's MiFID-regulated X-Perps platform in Europe, alongside tokenized exposure to traditional finance assets like Robinhood and Palantir. The product offers up to 10x leverage with multi-asset margin support.
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UK employers hiring AI talent while cutting broader workforce
UK job postings for AI roles surged 60% to 179,954 in 2025 as AI wage premiums tripled to 34.2%, but overall UK hiring fell 27% below baseline and 17% of employers plan headcount reductions driven by automation.
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OPEC+ signals output increase despite Strait of Hormuz constraints
OPEC+ has signaled willingness to boost oil production amid Middle East supply disruptions, but export constraints through the Strait of Hormuz may limit actual output gains. Prediction markets show declining odds of crude reaching new all-time highs.
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Lite Strategy retires 13% of shares via Litecoin sales, lifting per-share backing
Lite Strategy repurchased 4.9 million shares for $5.4 million through July 17 by selling Litecoin and covered-call premiums, retiring 13% of outstanding shares while Litecoin holdings fell 11.89% over the same period.
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Shiba Inu Exchange Netflow Plunges 97% as Price Rallies 7%
Shiba Inu's exchange netflow metric fell 97% in magnitude over 24 hours to 226 billion SHIB, signaling bearish sell pressure, yet the token posted a 7% daily gain—highlighting a divergence between on-chain activity and price action that analysts are watching closely.
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Bitwise liquidates six crypto option ETFs as SEC yields hit zero
Bitwise shuttered six option-income ETFs on July 31, with shareholders facing automatic cash redemption. The funds had advertised annualized payouts up to 25.93% but reported zero 30-day SEC yields by liquidation.
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Bitcoin ETF liquidity gap creates Monday price shocks from weekend news
Spot Bitcoin ETFs like BlackRock's IBIT hold $77.5 billion in assets but trade only during NYSE hours, while Bitcoin itself trades 24/7. Weekend geopolitical news can trigger sharp Monday price gaps as institutional liquidity dries up outside business hours.
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Tanker hit by projectile, explosion disrupts Strait of Hormuz oil shipping
The UK Maritime Trade Operations reported a tanker struck by an unknown projectile and a separate vessel explosion in the Strait of Hormuz, adding to ongoing disruptions in a critical global oil chokepoint.
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DAAQ delays Old Glory Bank merger vote to August 14 amid capital crisis
Digital Asset Acquisition Corp. postponed its shareholder vote on merging with Old Glory Bank's parent company to August 14, disclosing no reason for the delay and leaving the deal's $50 million cash requirement unresolved as the bank remains severely undercapitalized.
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SBI Crypto shuts Bitcoin pool as three miners control 60% of network
Japanese mining pool SBI Crypto shut down its Bitcoin service on July 31 after its hashrate collapsed 64% in a month, while Foundry USA, AntPool and F2Pool consolidated control over 60% of the network's recent blocks.
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Louisiana Act 482 grants crypto ATM refund rights starting Aug. 1
Starting August 1, Louisiana's Act 482 lets users cancel virtual-currency-kiosk transactions and demand full refunds if the operator lacked proper licensing at the time of the trade. Operators have 10 business days to respond and 90 calendar days to process refunds.
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Cyberattacks hit water systems in seven US states; Iran suspected
Water and wastewater utilities across at least seven US states were targeted by cyberattacks between July 28 and July 31, 2026, with Minnesota experiencing the heaviest damage. Federal investigators are exploring links to Iranian-backed hackers, though attribution remains unconfirmed.
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Tether's reserve cushion halved in 90 days amid $4.2B loss
Tether reported $1.5 billion in second-quarter operating profit, but reserve documents reveal a negative $4.2 billion result that reduced its safety buffer from $8.23 billion to $4.11 billion in three months, creating a reconciliation gap in company disclosures.
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Bank of Italy: Stablecoins Not Cheaper for Remittances
A Bank of Italy mystery-shopping exercise across 10 international remittance corridors found that stablecoin transfers often cost as much as traditional money transfers once exchange fees, foreign exchange spreads, and banking rails are factored in.
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Dogecoin Spot Flows Surge 116% as August Opens
Dogecoin's spot inflows jumped 116% in 24 hours, signaling potential buying pressure, but technical indicators and historical August weakness leave the outlook uncertain.
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Coldcard exploit drains $70M Bitcoin; CZ warns hardware wallets not immune
Binance founder Changpeng Zhao cautioned crypto holders against blind faith in hardware wallets after Galaxy Research found the Coldcard exploit drained roughly $70.2 million from 1,196 addresses—nearly double initial estimates. Zhao urged spreading funds across multiple wallets to reduce exposure.
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Cardano Enters Dijkstra Era With Multi-Phase Upgrade Roadmap
Cardano has entered the Dijkstra era following the van Rossem hard fork, with a Constitutional Committee election underway and a roadmap for Nested Transactions, Linear Leios, and Ouroboros Leios planned through 2026.