Author: John Smith
Bitway token extended its seven-day gain beyond 100% on Aug. 18, trading near $0.37 as reward campaigns drew demand, but overbought conditions and concentrated liquidation levels raised the risk of a sharp reversal. Summary Bitway gained more than 100% in seven days and briefly traded above $0.40. Ecosystem staking incentives and Binance Wallet’s Bitway Booster campaign supported demand. Daily RSI reached 76.85, placing BTW firmly in overbought territory. Liquidation liquidity is concentrated near $0.30 and between $0.42 and $0.44. According to data from CoinMarketCap, the BTW rally followed the introduction of Bitway’s incentivized decentralized traditional finance staking program on Aug.…
Forget short-term price charts – Washington’s digital asset framework is the legal authorization that conservative wealth managers have been waiting for before they can put trillions to work. Summary The CLARITY Act is a legal “permission structure” that allows conservative compliance officers and fiduciaries to safely allocate capital. Decentralized networks like Bitcoin and Litecoin don’t need a law to function; the institutions that want to hold and custody them need one. While Congress stalls before recess, capital and talent are not waiting. They are actively migrating offshore to jurisdictions with clear, actionable rulebooks. Everyone seems to be watching the CLARITY…
BitBox has released a firmware update fixing two severe vulnerabilities that could have exposed hardware wallet users to malicious firmware or caused Bitcoin to be locked to an unintended address. Summary BitBox has patched two severe vulnerabilities affecting its BitBox02 and BitBox02 Nova hardware wallets. One flaw could have allowed malicious firmware installation, while another could have locked Bitcoin to an unintended address. BitBox said neither vulnerability had been exploited and no user funds were reported lost. The fixes follow a Coldcard firmware flaw linked to more than $112 million in Bitcoin thefts. BitBox said in a security disclosure on…
The U.S. Justice Department has spent nearly a year investigating Andreessen Horowitz over whether partners at the venture capital firm are improperly serving on the boards of competing artificial intelligence companies. Summary The DOJ is investigating Andreessen Horowitz over board seats held at competing AI companies. The probe involves Databricks and Fivetran and has been underway for nearly a year. Regulators are examining whether the board roles violate rules against interlocking directorates. The DOJ has not decided whether to take enforcement action. Bloomberg News reported on Aug. 17, citing people familiar with the matter, that the inquiry involves Databricks and…
Binance reportedly plans to apply for authorization from the United Kingdom’s Financial Conduct Authority, seeking a potential return to the British market when the country’s comprehensive crypto rules begin in 2027. Summary Binance reportedly plans an FCA application when Britain’s six month authorization window opens in September. The FCA still prohibits Binance Markets Limited from conducting regulated activities without its written consent. Applications run from September 30, 2026, through February 28, 2027, ahead of October 2027 implementation. Filing an application would not guarantee approval, permission to relaunch, or acceptance by British regulators. Authorized crypto firms must satisfy capital, governance, custody,…
Payward, the parent company of cryptocurrency exchange Kraken, joined Anthropic’s Project Glasswing on Aug. 17 and gained restricted access to Claude Mythos 5 for defensive cybersecurity work. Summary Payward joined Anthropic’s Project Glasswing and gained restricted access to the Claude Mythos 5 model. The company plans to scan all Payward environments for software vulnerabilities within the coming weeks. Payward says validated third party findings will be shared with relevant open source project maintainers. Anthropic limits Mythos 5 access to vetted organizations because its cybersecurity capabilities carry misuse risks. Mythos 5 usage requires customers to accept thirty day data retention for…
Cardano price fell about 1% to $0.174 as traders weighed a two-stage Dijkstra upgrade roadmap against a bearish chart structure and nearby liquidation risks. Summary Cardano price traded near $0.174 after breaking below a rising channel on the 4-hour chart. Cardano’s Dijkstra upgrade will roll out in two phases, beginning with protocol version 12. The daily chart places immediate support at $0.1706, followed by the $0.1385 swing low. CoinGlass data shows major upside liquidation clusters between roughly $0.183 and $0.187. Cardano price action today According to data from crypto.news, Cardano (ADA) price was trading near $0.174 at the time of…
Truth Ventures CEO Varun Datta has urged crypto investors not to demand recurring revenue from seed-stage companies, as RootData has listed 99 crypto projects that closed, entered bankruptcy, or became inactive in 2026. Summary RootData listed 99 crypto projects as closed, bankrupt, or inactive by late July. Galaxy recorded $4 billion across 355 crypto venture deals in the first quarter. Datta said seed startups should be assessed through founder knowledge and their path to a viable business. US-based companies received 70.2% of crypto venture capital during the first quarter. RootData listed 99 crypto projects that had announced closures, entered bankruptcy,…
World Liberty Financial has received preliminary OCC approval to establish a national trust bank that would issue USD1, manage its reserves, and provide digital asset custody across the United States. Summary World Liberty Trust must satisfy OCC requirements before it can begin banking operations. The proposed Florida-based bank would take over USD1 issuance and reserve assets from BitGo. Elizabeth Warren and nine senators have introduced legislation targeting bank ownership by presidents and their families. Lawmakers have also questioned a reported $500 million UAE-linked investment in World Liberty. World Liberty bank cannot open until conditions are met The Office of the…
Fireblocks has appointed former U.S. Securities and Exchange Commission Acting Chairman Elad Roisman as its chief regulatory and policy officer and general counsel for regulatory affairs. Summary Roisman will oversee Fireblocks’ regulatory strategy, policy engagement, and legal work involving regulation. The former SEC commissioner will act as the company’s main contact with regulators and standards bodies. Fireblocks said its platform has secured more than $14 trillion in digital asset transactions. The appointment takes effect immediately, with Roisman joining the leadership team in Washington, D.C. Roisman will lead Fireblocks’ regulatory work Fireblocks said in an Aug. 17 press release that Roisman…