Author: John Smith
Four consecutive weeks of sales. A $102 million realized loss. An $8.2 billion quarterly write down. The company that made corporate Bitcoin treasuries a category is quietly rewriting the playbook it created. Michael Saylor built his reputation on a single trade. In August 2020, MicroStrategy announced that it had converted $250 million of its corporate treasury into Bitcoin, becoming the first publicly traded company to adopt the cryptocurrency as its primary reserve asset. Over the next five years, the company, which renamed itself Strategy in 2025, accumulated more than 843,000 BTC through a combination of operating cash flow, convertible note…
The Intercept and Freedom of the Press Foundation have sued President Donald Trump over a Truth Social service charging up to $100,000 monthly for faster access to posts that may move U.S. financial markets. Summary Truth API subscriptions reportedly cost $60,000 to $100,000 per month. More than 10 customers, mainly high-frequency trading firms, have signed agreements. The lawsuit alleges violations of the First and Fifth Amendments. Trump’s revocable trust holds about 41% of Trump Media, a Nasdaq-listed company. Truth Social lawsuit targets preferential access The Intercept and Freedom of the Press Foundation filed the complaint Wednesday in the U.S. District…
Anchorpoint Financial has appointed HashKey Exchange as an authorized distributor for its Hong Kong dollar-backed stablecoin HKDAP, giving eligible institutions and professional investors access to minting, redemption, and fiat conversion during the token’s beta rollout. Summary HashKey has joined HKDAP Beta Access as an authorized distribution partner. Eligible institutions and professional investors can access HKDAP through HashKey and supported channels. HashKey has completed its first HKDAP minting and redemption transaction with eligible clients. Anchorpoint plans to test HKDAP in payments, settlement, and tokenized finance. HashKey opens HKDAP access to eligible investors According to an Aug. 12 announcement from HashKey Exchange…
Hawaii has enacted an October 1 ban on cash-to-crypto kiosk transactions after the FBI recorded 92 related complaints and $3.85 million in adjusted losses among state residents in 2025. Summary Cash purchases of crypto at Hawaii kiosks will become illegal on Oct. 1, 2026. The FBI recorded 92 Hawaii kiosk complaints and $3.85 million in adjusted losses during 2025. Hawaii had 57 crypto ATMs across four islands as of Aug. 12. Operators may still offer crypto-to-cash and crypto-to-crypto transactions under the law. Hawaii’s enacted House Bill 1642, signed by Governor Josh Green on July 9 as Act 224, prohibits operators…
The United States and the United Kingdom have issued 10 recommendations for stablecoins, tokenized securities, and cross-border finance, although the proposals have not created enforceable rules. Summary Ten recommendations cover digital assets, capital markets, and cooperation between U.S. and UK regulators. A proposed one-year industry group would test cross-border uses for tokenized financial assets. Both governments want a pathway for regulated stablecoins to enter each other’s markets. Frank Hepworth said the recommendations produce very little immediate market impact without domestic rules. The Transatlantic Taskforce for Markets of the Future published the recommendations on July 14, setting priorities for cooperation between…
Kalshi has opened its live order book to DoubleZero Edge subscribers, providing Level 1 and Level 2 data for sports contracts and crypto perpetual futures through a dedicated fiber network. Summary Kalshi has become the first prediction market to publish real-time order book data through DoubleZero Edge. The feed covers Level 1 and Level 2 data across sports and crypto perpetual markets. Kalshi will waive its publisher revenue share for one year, though subscribers must still pay network fees. DoubleZero plans to add historical Kalshi data in a later release without a stated launch date. Kalshi feed provides full order…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Slower XRP ETF inflows have investors exploring alternative digital asset strategies, with EX DeFi promoting cloud mining as a way to participate in crypto. Summary XRP ETF inflows fail to lift prices as investors explore alternative returns amid renewed market volatility. XRP struggles despite ETF inflows, while EX DeFi draws interest with cloud mining and diversified digital asset returns. Slowing XRP ETF inflows and price weakness push investors toward alternatives, with EX DeFi promoting cloud mining income options. Since…
Pi Network price rose more than 5% toward $0.090 on Aug. 12 as the Protocol 26 deadline passed and softer U.S. inflation data supported speculative assets. Summary Pi Network price rose more than 5% before settling near $0.088 during the session. Protocol 26’s Aug. 11 deadline required Mainnet node operators to update or lose connectivity. PI remains above its 20-day moving average at $0.0853, but below the 50-day average. A breakout above $0.096–$0.10 could open a path toward $0.12 and potentially $0.15. Pi Network price action today According to data from crypto.news, Pi Network (PI) price climbed more than 5%…
Ethereum price rebounded from $1,850 to trade above $1,900 on Aug. 12 as softer U.S. inflation data supported risk appetite and buyers returned near a key support zone. Summary Ethereum price rose about 3% from $1,850, reaching an intraday high near $1,918. ETH reclaimed its 20-day and 100-day moving averages, strengthening the short-term recovery. 4-hour resistance sits at $1,925, followed by a large liquidation cluster around $1,950. Losing $1,887–$1,890 could expose $1,850 and weaken the latest bullish setup. Ethereum price action today According to data from crypto.news, Ethereum (ETH) price traded near $1,916 at the time of writing after moving…
Fidelity has moved to add Ethereum staking and quarterly cash distributions to its $898 million Fidelity Ethereum Fund, with the trust allowed to stake as much as 100% of its ETH under normal conditions. Summary Fidelity plans to add Ethereum staking and quarterly cash payouts to its $898 million Fidelity Ethereum Fund. FETH could stake up to 100% of its ETH under normal conditions while keeping enough ether available for liquidity needs. The fund would retain 85% of gross staking rewards, with the remaining 15% going to the sponsor, custodians and node operators. Net staking rewards would first cover fund…