Author: John Smith

Revolut has secured a full banking licence in France, creating its second banking entity in the European Union as the fintech prepares to move more than 30 million Western European customers onto a Paris-based operation. Summary Revolut has secured a French banking licence, creating its second full banking entity in the EU. The French unit will initially serve France before expanding to Germany, Ireland, Italy, Portugal and Spain. The licence allows Revolut to add lending, mortgages and regulated savings products in France. Revolut has invested more than €1 billion in France and plans to open its Western Europe headquarters in…

Bitcoin hovered near $65,000 on Aug. 10 as veteran trader Peter Brandt leaned toward another decline, pointing to a large head and shoulders structure that broke down earlier this summer.  Summary Bitcoin trades near $65,000 while Peter Brandt says he would currently bet on another decline. Brandt’s head and shoulders chart points toward $58,000 if Bitcoin fails to reclaim resistance soon. Bitcoin’s daily chart shows ADX near 11.16, signaling weak trend strength during current consolidation conditions. U.S. spot Bitcoin ETFs recorded more than $850 million in net inflows across five sessions. Lookonchain tracked one whale selling 7,513 BTC worth roughly…

Cysic’s CYS token surged before South Korean exchange Upbit announced new BTC and USDT trading pairs on Aug. 10, drawing attention to the timing of one of the token’s largest intraday moves.  Summary CYS rose sharply before Upbit announced new BTC and USDT markets for the Cysic token. Upbit twice delayed trading, moving CYS support from 14:00 KST ultimately to 20:00 KST Monday. CoinGecko recorded CYS near $0.93, up 11% daily and more than 220% across seven days. CoinGecko lists CYS’s all-time high at $1.23, below the $1.30 peak. Upbit will initially restrict buy orders and allow only limit orders…

The U.K. Financial Conduct Authority is discussing standards for tokenized gold with major banks and other market participants, according to an Aug. 10 Financial Times report.  Summary FCA is discussing tokenized gold standards with major banks, according to the Financial Times report. UK regulators are considering tokenized gold for collateral in uncleared over the counter derivatives markets. Regulators plan further policy this year while developing industry standards for tokenized collateral use cases. Sixteen firms are already working through Britain’s Digital Securities Sandbox on live tokenized asset infrastructure. London handles roughly 70% of global gold trading, according to the Financial Times…

Most traders assume depegs are slow. They are not. Inside the 30 second window where arbitrage bots, liquidation cascades, and oracle lag collide to turn a minor price slip into a systemic event. Summary A stablecoin depeg lasting fewer than 60 seconds can trigger hundreds of millions of dollars in DeFi liquidations because lending protocols rely on price oracles that update on fixed intervals, not in real time, creating windows where collateral ratios become stale. Arbitrage bots can detect and exploit a depeg within two to three blocks on Ethereum, roughly 24 to 36 seconds, buying discounted stablecoins on one…

Michael Saylor put Strategy’s Bitcoin activity back under scrutiny on Sunday, Aug. 9, with a two word X post: “Doing ₿usiness.”  Summary Strategy sold 1,638 BTC for $104.73 million between July 27 and August 2, filings show. Saylor’s Sunday “Doing ₿usiness” post did not specify whether Strategy bought, sold, or moved Bitcoin. Lookonchain linked a 1,030 BTC transfer to Strategy, but no company filing confirms any sale. Strategy’s holdings remain 842,138 BTC acquired for $63.51 billion at an average cost of $75,419. STRC closed Friday near $94.60, still below the $100 stated amount Strategy management currently targets. The company’s executive…

Coinbase has pulled trading support for five cryptocurrencies after giving holders a month to prepare. Summary Coinbase disabled trading for IDEX, LRC, OMNI, PIRATE and FIS across major trading platforms Friday. Customers can still access and withdraw affected tokens, while Coinbase has not announced conversions yet. Coinbase first announced the five suspensions July 7, giving holders one month of advance notice. Six non-dollar pairs were separately suspended August 6, but their underlying tokens remain supported elsewhere. Coinbase says routine reviews determine whether listed assets continue meeting its standards across trading services. On Aug. 7, the exchange confirmed that trading had…

Fresh HYPE supply is moving through trading venues after HyperLabs unlocked 433,025 tokens worth more than $23 million, adding another test for Hyperliquid’s market as scheduled team distributions continue.  Summary HyperLabs unlocked 433,025 HYPE worth about $23.46 million and moved tokens toward trading venues afterward. Lookonchain linked transfers to Flowdesk and OKX, but exchange deposits do not confirm sales occurred. HYPE traded near $54.6 Sunday after falling from levels above $56 before the unlock activity. Hyperliquid team distributions follow a vesting schedule that began in January and continues through 2027. Protocol buybacks provide HYPE demand, creating a counterweight to supply…

XRP Ledger developers have retired five long active protocol amendments in xrpld version 3.3.0, but the move does not remove their features or require XRP holders to take action. Summary XRPL 3.3.0 retires five long-active amendments, making their post-activation behavior permanent within the core protocol. Clawback remains available after retirement because only obsolete pre-amendment code is removed from xrpld software. XRPL documentation allows amendment retirement after two years of Mainnet activation to reduce legacy complexity. Six new amendments entered version 3.3.0, but each still requires validator approval before Mainnet activation. Node operators should upgrade to version 3.3.0 promptly, while users…

Bitcoin’s BIP-110 split widened further on Aug. 9, with the enforcing branch still unable to produce a third block hours after mandatory signaling began.  Summary BIP-110 remains frozen at block 961,633 while Bitcoin’s main chain has advanced through block 961,744. Current-period signaling stands at zero among 113 main-chain blocks mined since mandatory signaling began Saturday. OCEAN reports 257 PH/s on its BIP-110 endpoint, with no new block for 17 hours. Roughnecks mined both BIP-110 blocks using OCEAN’s DATUM system at Bitcoin’s 127.48 trillion difficulty level. Saylor estimates 99.85% of hashpower rejected the fork, though that figure remains his own calculation.…