Author: John Smith

Crypto and stock trading platform Robinhood has secured UK crypto registration ahead of the country’s new licensing framework. Summary Robinhood has secured FCA registration to offer cryptocurrency services in the United Kingdom. The approval comes before the UK’s new crypto regulatory framework begins rolling out in late 2027. Robinhood had previously said it planned to launch crypto services in the UK after reporting its second quarter results. The company joins more than 50 crypto firms already registered under the FCA’s anti money laundering regime. According to a recent announcement, Robinhood has received approval to offer cryptocurrency services in the United…

ZeroStack has warned its cash position may not support operations for another year. Summary ZeroStack has warned that substantial doubt exists about its ability to continue operating over the next year after reversing its earlier liquidity outlook. The company reported $2.6 million in cash while its 75.1 million 0G token treasury was valued about 91% below its acquisition cost as of June 30. ZeroStack said staking rewards and token sales remain its main funding sources, but management could not conclude those plans would remove the going concern risk. The latest filing comes months after CEO Daniel Reis Faria said regulatory…

Bitcoin traded near $62,747 early on Aug. 3 after reaching an intraday high of $63,697, as investors prepared for five major U.S. economic releases and several closely watched corporate earnings reports. Summary Bitcoin traded near $62,747 after briefly reaching $63,697 as Iran de-escalation produced only limited gains. Five major U.S. releases culminate Friday with July payrolls, shaping expectations for Federal Reserve policy. AMD, SpaceX and Sandisk report this week, adding corporate catalysts beside major U.S. labor releases. The week begins with the July ISM Manufacturing PMI on Monday. It ends with the official July employment report on Friday. Between those…

BitGo CEO Mike Belshe challenged Anthropic’s Claude models on Aug. 1 by publishing a Bitcoin address holding 100 BTC and inviting the AI system to move the funds.  Summary 100 BTC remained in the published address after Mike Belshe challenged Claude to move it. Three Claude models accessed real systems after evaluation environments mistakenly retained internet connectivity during tests. BitGo says its Bitcoin multisignature wallets require two of three keys to authorize transactions onchain. BitGo’s official website identifies Belshe as its co-founder and chief executive. Belshe framed the wager as a response to Anthropic’s July 30 disclosure that Claude models…

Minnesota’s prediction market ban remained blocked on Aug. 2, one day after the law was scheduled to take effect.  Summary July 27 injunction keeps Kalshi and Polymarket operating while Minnesota’s preemption case continues in court. Walz barred state employees from using confidential information to trade prediction markets for private benefit. Fairshake reported $126.97 million cash on hand through June, amplifying crypto’s broader election influence nationwide. U.S. District Judge Katherine Menendez granted a preliminary injunction on July 27 to the Commodity Futures Trading Commission, Kalshi and Polymarket US. The order prevents Minnesota from enforcing its new statute against CFTC-registered designated contract…

Bloomberg Intelligence senior ETF analyst Eric Balchunas said on Aug. 2 that the Coldcard security failure strengthens the case for U.S. spot Bitcoin ETFs, especially for investors who want long-term price exposure without managing private keys.  Summary Galaxy traced 1,367.05 BTC across 4,585 addresses, valuing observed Coldcard losses near $88.6 million total. Balchunas argued institutional custody makes Bitcoin ETFs preferable for investors seeking only long-term price exposure. ETF investors avoid seed management but surrender direct ownership, payments, and round-the-clock Bitcoin network access. His comments followed Galaxy Research’s estimate that three suspected attack waves drained 1,367.05 BTC, worth about $88.6 million,…

Dogecoin community contributor Mishaboar urged Coldcard users on Aug. 1 to move their Bitcoin to wallets controlled by newly generated seed phrases.  Summary 1,367.05 BTC worth $88.6 million was drained from 4,585 addresses across three suspected attack waves. Coinkite says firmware updates protect new seeds but cannot repair seed phrases from vulnerable versions. Mishaboar advised users never to reuse affected seeds or enter recovery phrases into computers online. The warning followed Galaxy Research’s estimate that three suspected attack waves drained 1,367.05 BTC, worth about $88.6 million, from 4,585 addresses. Mishaboar wrote, “If you have ever used a COLDCARD device of…

Trump Media & Technology Group’s Truth API became available to institutional customers on Aug. 1, giving trading firms rapid, machine-readable access to posts from influential Truth Social accounts, including U.S. President Donald Trump’s account. Summary August 1 launch gives institutions millisecond access to influential Truth Social posts with continuous coverage. Schiff and Warren asked the SEC to investigate whether the paid feed violates securities laws. Trump’s trust holds 41% of Trump Media, linking the product’s revenue directly to his wealth. The launch followed a July 16 Form 8-K in which Trump Media said it had already signed customers and was…

Strategy Inc. kept the annual dividend rate on its STRC preferred stock at 12% for August 2026, even though the Nasdaq-listed security ended July more than 10% below its $100 stated amount. Summary 12% annualized dividend remains unchanged for August despite STRC closing July at $89.46 per share. $3.75 billion reserve covers roughly 2.1 years of preferred dividends and debt interest payments currently. Strategy repurchased 288,930 STRC shares below par while retaining $975 million in remaining authorization capacity. The company’s official STRC information page confirms that the variable annualized rate for record dates beginning in August remains 12%. Executive Chairman…

Ripple Director of Engineering Vijay Khanna urged XRP Ledger node operators on Aug. 2 to install xrpld version 3.2.1 after developers observed a validator manifest flood on July 31.  Summary July 31 manifest flooding prompted xrpld 3.2.1 while XRP Ledger continued closing ledgers normally throughout. Four safeguards now cap manifest size, message batches, outbound sharing and unknown-key cache growth network-wide. Operators should upgrade, verify xrpld is running, then restart again to clear persisted manifests safely. The hotfix limits how nodes process, store and share data received from unknown validator identities.  The XRP Ledger continued closing ledgers normally during the event,…