Author: John Smith

BitMEX reportedly spent two years seeking a buyer before deciding to close the crypto derivatives exchange, as founder control, declining activity and legal baggage deterred potential acquirers. Summary BitMEX discussed a sale with multiple prospective buyers, including competing exchanges and Exodus. Founder control, shrinking revenue and reputation concerns reportedly complicated the negotiations. The exchange was reportedly seeking a valuation of about $1 billion during the process. BitMEX will restrict trading on Aug. 26 and close the exchange on Sept. 23. BitMEX held sale talks for two years BitMEX explored a sale with several potential acquirers over approximately two years but…

Bitcoin holders could lose real BTC if they try to sell coins created by a potential BIP-110 chain split without first separating their balances. Summary BIP-110 nodes will reject non-signaling blocks beginning at Bitcoin block 961,632. A minority chain could emerge without built-in replay protection if miners continue producing compatible blocks. Transactions selling forked coins could also move the holder’s real BTC on the main chain. Miner signaling stood near 2.6% on Friday, far below the proposal’s 55% threshold. BIP-110 fork could put real Bitcoin at risk Bitcoin developer Kevin Loaec warned holders against moving coins following a possible BIP-110…

U.S. spot Bitcoin ETFs attracted $853.5 million during five consecutive inflow sessions as August demand reversed the previous week’s withdrawals. Summary Bitcoin ETFs recorded five straight inflow days from Aug. 3 through Aug. 7. Weekly net inflows reached approximately $853.5 million, according to SoSoValue. August flows are already nearly five times July’s $172.4 million total. Ethereum ETFs added another $244.9 million during the same trading week. Bitcoin ETF inflows reverse previous week’s withdrawals U.S. spot Bitcoin ETFs opened August with $170.1 million in net inflows on Aug. 3, followed by $211.5 million on Aug. 4, according to SoSoValue. Inflows increased…

Bitcoin price held near $65,000 on Aug. 8, but its failure to reclaim the short-term holder cost basis left the recovery exposed to renewed selling. Summary Bitcoin price traded near $65,015, about 3.7% below the short-term holder realized price. The $67,523 cost basis could attract selling from holders seeking to exit near breakeven. 4-hour momentum remains positive, with the RSI at 61.8 and price above the Bollinger midline. Liquidation clusters near $65,600 and $63,000–$63,800 could determine the next move. Bitcoin price struggles to hold above $65,000 According to data from crypto.news, Bitcoin (BTC) price was trading near $65,015 at the…

Bybit has sued North Korea, its intelligence agency and the Lazarus Group in a U.S. federal court as the exchange seeks to recover assets stolen in the record $1.5 billion crypto hack. Summary Bybit filed its case against North Korea, the RGB and Lazarus Group in Washington, D.C. A federal judge issued a preliminary injunction freezing certain stolen assets held by unidentified defendants. The FBI previously attributed the $1.5 billion February 2025 attack to North Korean actors. Bybit said the civil case remains separate from ongoing U.S. criminal investigations. Bybit takes Lazarus Group to US court Bybit filed the civil…

The CLARITY Act’s delay until September could briefly pressure crypto prices before removing a major source of uncertainty, according to Bitwise CIO Matt Hougan. Summary Senate leaders delayed the CLARITY Act vote until September after bipartisan negotiations failed to produce an agreement. Bitwise CIO Matt Hougan expects crypto markets to “wobble for a minute” as traders price in the setback. Polymarket odds of passage in 2026 could fall into the teens, Hougan said. Disputes over ethics, illicit finance and stablecoin rewards remain unresolved. What happened Senate leaders have postponed consideration of the CLARITY Act until September, ending efforts to advance…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. SHRMiner highlights growing interest in cloud mining as digital asset markets evolve, offering users access to mining services without specialized hardware. Summary Trump’s crypto pivot highlights the industry’s growing influence as SHRMiner promotes accessible cloud mining. SHRMiner has launched a free cloud mining service, offering crypto holders a way to access mining without owning physical equipment. Cloud mining is gaining traction in 2026 as SHRMiner targets BTC holders with automated mining and passive-income services. Trump publicly criticized Bitcoin in…

SharpLink CEO Joseph Chalom has opposed an Ethereum proposal that could eventually eliminate issuance-based staking rewards, warning that the change may weaken ETH’s appeal to institutions and raise capital costs across decentralized finance. Summary SharpLink opposes tapered issuance burn, arguing that native yield helps distinguish Ethereum from Bitcoin. Validator issuance rewards would fall to zero near a 50% staking ratio under the proposal. SharpLink stakes nearly all its ETH and has earned more than 18,000 ETH in rewards. Chalom supports controlling issuance but wants Ethereum to rely on its existing base-fee burn. SharpLink challenges Ethereum staking proposal Chalom said the…

The CFTC has warned regulated prediction markets against displaying American-style gambling odds as state authorities intensify efforts to classify sports event contracts as unlicensed betting. Summary The CFTC told regulated prediction markets to avoid American-style odds in product displays. Platforms must comply with derivatives laws and avoid deceptive marketing or solicitation practices. New York is seeking at least $36 billion from Kalshi over alleged gambling violations. Kalshi has requested emergency protection from Utah enforcement while it pursues an appeal. CFTC warns prediction markets over odds displays The Commodity Futures Trading Commission instructed regulated prediction market platforms not to display contracts…

U.S. authorities sanctioned crypto exchanges Shelbit and Aban Tether after alleging that the platforms helped Iran evade restrictions and move funds connected to the Islamic Revolutionary Guard Corps. Summary OFAC sanctioned Shelbit, Aban Tether and Siavash Kayvanpour over alleged sanctions evasion. IRGC-linked wallets allegedly sent more than $1 million in crypto to Shelbit addresses. Shelbit addresses reportedly transferred over $2 million to wallets controlled by the IRGC. Kayvanpour-linked wallets allegedly sent more than $2 million to sanctioned exchange Nobitex. OFAC targets Shelbit and Aban Tether The U.S. Treasury Department’s Office of Foreign Assets Control announced the sanctions on Aug. 7…