Author: John Smith

South Korean cryptocurrency exchange Upbit will add Bitcoin and Tether trading pairs for Biconomy, Bubblemaps, Nillion and ETHGas on Aug. 21. Summary Upbit will add eight BTC and USDT pairs covering BICO, BMT, NIL and GWEI tokens. Trading was postponed three hours from 13:00 KST to 16:00 KST on August 21 officially. BICO, NIL and GWEI deposits use Ethereum, while BMT transfers require Solana network support only. Only limit orders remain available for roughly two hours after Upbit opens the new markets. Upbit may delay trading again if deposits do not provide sufficient liquidity before the launch. The exchange originally…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP rebounds 10% as Bitcoin short liquidations top $1 billion, while UE Crypto expands cloud mining access Summary XRP rebounds 10.17% near $1.10 as Bitcoin surges 8%, triggering more than $1B in short liquidations. Bitcoin hits $72,281 after a sharp rebound, fueling a major short squeeze and lifting XRP toward $1.10. XRP and BTC volatility sparks interest in UE Crypto’s contract-based cloud mining as an alternative income option. XRP has recently staged a strong rebound, with its price briefly…

Bitcoin has climbed toward $73,000 after a record short squeeze and falling U.S. Treasury yields powered an 11% rally, but analysts have warned that continued ETF and spot demand will decide whether the breakout holds. Summary Bitcoin has gained about 11% in 24 hours and reached a two-month high near $73,000. U.S. spot Bitcoin ETFs drew $517 million on Aug. 19, their strongest inflow since May. Nearly $2.7 billion in bearish crypto positions were liquidated as Bitcoin broke above $70,000. Analysts see ETF demand, Treasury yields and U.S. political progress as the next tests. Bitcoin’s short squeeze has accelerated the…

Coinbase CEO Brian Armstrong has said Bitcoin could be entering its next bull cycle as the asset trades above $72,000 ahead of a key U.S. Senate vote on crypto legislation. Summary Bitcoin has climbed above $72,000 after gaining more than 11% within 24 hours. Armstrong identified the September CLARITY Act vote as the market’s next major policy event. The Sep. 15 Senate action is a procedural vote, not a final decision on the bill. US spot Bitcoin ETFs attracted $517 million on Aug. 19, according to SoSoValue. Armstrong sees a possible Bitcoin bull cycle In an Aug. 20 interview with…

A group of Bitcoin wallets dormant since 2014 has transferred 1,214.42 BTC worth about $86 million as the cryptocurrency traded near a weekly high of $72,400. Summary 28 dormant wallets transferred 1,314.41 BTC worth $94.03 million within 24 hours. 2014 wallets supplied 92.4% of the Bitcoin moved during the period. 21 transactions carried exactly 50 BTC from legacy wallets to newer address types. Arkham labels have not connected the receiving addresses to any known exchange. Dormant Bitcoin wallets move $94 million Bitcoin.com reported on Aug. 20, citing btcparser.com data, that 28 long-inactive wallets moved a combined 1,314.41 BTC between Aug.…

Arch Lending co-founder Himanshu Sahay has identified qualified custody, zero rehypothecation, and clear collateral rules as three safeguards needed to reduce risks in Bitcoin-backed lending. Summary Bitcoin-backed loans give long-term holders access to cash without requiring an immediate sale. Sahay said independent custody and zero rehypothecation can limit operational and counterparty risks. Borrowers still face interest charges, margin calls and liquidation when Bitcoin’s price falls. Celsius, BlockFi, and Genesis showed how opaque lending structures can leave customers exposed. Himanshu Sahay, co-founder and chief technology officer of Bitcoin-backed lending platform Arch Lending, told crypto.news that wealthy Bitcoin holders are increasingly using…

The CLARITY Act has stalled ahead of a Sept. 15 procedural vote requiring 60 senators, as Senate Banking Committee Chairman Tim Scott accused Elizabeth Warren’s team of trying to drive crypto activity from the United States. Summary The Senate will hold a Sept. 15 cloture vote on whether to begin considering H.R. 3633. Scott accused Warren’s team of repeatedly changing its demands during negotiations. Republicans need Democratic support because advancing the bill requires at least 60 Senate votes. Ethics rules, stablecoin rewards and financial-crime provisions remain unresolved. SALT Conference footage from the Wyoming Blockchain Symposium showed Scott blaming Warren and…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. SimpleSwap report finds Bitcoin sell-offs are drawing weaker stablecoin inflows as market fear loses its impact Summary Bitcoin’s February sell-off triggered a 600% surge in stablecoin inflows, while June’s deeper slide drew little safe-haven demand. SimpleSwap data shows Bitcoin’s stablecoin flow correlation flipped from -0.54 in Q1 to +0.18 from April to June. Swap activity reveals investors reacted far less to Bitcoin’s June drop, suggesting repeated market shocks may be losing their impact. Bitcoin fell 17.5% in February, and…

An Ethereum user reportedly lost 1,010 ETH after following an old Tornado Cash bookmark that allegedly redirected to a malicious frontend controlled by phishing attackers. Summary An Ethereum address received 810 ETH through nine transfers on August 18, onchain records confirm. Community reports claimed 1,010 ETH was stolen after a user visited a suspected phishing frontend. The cited wallet retained approximately 810 ETH, worth about $1.86 million when records were checked. Claims that attackers stole nearly 4,000 ETH over twelve months remain independently unverified by researchers. Tornado Cash’s website was accessible when checked, leaving the alleged domain takeover without official…

The U.S. Treasury doubled its long-end buyback operations on Aug. 19, compressing yields and triggering the largest single-day crypto rally since March. This is the plumbing story nobody else traced. Summary The U.S. Treasury announced it will at least double the maximum size of its liquidity support buyback operations for 10-to-20-year and 20-to-30-year nominal coupon securities from $2 billion to at least $4 billion per operation, effective Sep. 9 through Nov. 4, 2026. The 30-year Treasury yield fell from a 19-year high of 5.34% to 5.19%, a drop of roughly 15 basis points from the Tuesday peak and 9 basis…