Crypto News
Here’s What Happened in Crypto Today
Bitcoin maintained its bullish momentum despite a significant security breach, while institutional pathways for alternative assets expanded and protocol governance tensions emerged across multiple chains. A $100 million Coldcard hardware wallet hack, Cardano’s progress toward ETF eligibility, and regulatory pressure forcing a major crypto treasury deal to collapse dominated market attention on August 9. Bitcoin...
Trump Media Scraps $6.4B Crypto.com CRO Treasury Deal Amid Regulatory Pressure
Trump Media has terminated its agreement to build a $6.4 billion Crypto.com CRO token treasury, abandoning one of the largest crypto initiatives tied to the Trump family as regulatory scrutiny intensifies in Washington. The decision, announced Friday, August 8, 2026, marks a strategic pivot away from digital-asset ventures toward media and energy sector consolidation. Background...
Aave, ether.fi Oppose Ethereum EIP-8361 Staking Yield Burn
Aave and ether.fi founders have launched a forceful public challenge to EIP-8361, a draft Ethereum protocol proposal that would burn escalating portions of validator rewards as the network’s staking ratio rises, threatening to make leveraged staking strategies economically unviable and fracturing consensus among DeFi platforms and researchers. The battle is unfolding in real time across...
XRP Protocol Vote Splits as Flare DeFi Integration Surges
XRP Ledger’s xrpld 3.3.0 release has entered a critical validator voting phase this week, with five protocol amendments that could reshape institutional DeFi functionality—but two amendments face steep approval odds as the ecosystem grapples with competing security and adoption priorities. The voting window runs through August 9, 2026, and requires 80% consensus from trusted validators...
Cardano Hits ETF Eligibility Milestone as Oct. 23 Review Looms
Cardano reaches a critical regulatory inflection point today as CME’s ADA futures complete their mandatory six-month trading history, potentially accelerating the SEC’s review timeline for Grayscale’s pending spot ETF application. The milestone opens a faster pathway to institutional crypto exposure at a moment when ADA is rallying 20% weekly and trading near $0.20 after holding...
$100M Coldcard Hack Won’t Break Bitcoin’s Rally
Bitcoin’s price has shrugged off the largest hardware wallet exploit in crypto history, with the self-custody hack draining over $100 million from Coldcard devices since late July, yet markets have remained largely unmoved. The incident—which compromised an estimated 7,300 addresses across multiple attack waves and could ultimately total $130 million in losses—has exposed a critical...
Here’s What Happened in Crypto Today
Bitcoin surged above $65,000 following weaker-than-expected U.S. jobs data that dramatically reduced Federal Reserve rate hike expectations, while Ethereum spot trading volume exceeded Bitcoin for the first time this month amid a broadening rally across major altcoins. The moves underscored growing investor appetite for risk assets as monetary policy headwinds ease, even as critical infrastructure...
Weak Jobs Data Sends Bitcoin Above $65K as Fed Rate Hike Odds Collapse
Bitcoin surged above $65,000 on August 8 as markets responded to a significantly weaker-than-expected U.S. jobs report for July, prompting investors to reassess Federal Reserve rate-hike expectations. The nonfarm payrolls data showed 23,000 jobs lost instead of the 80,000 new positions economists had anticipated, a miss that rippled through risk asset markets and reignited demand...
Ethereum Spot Volume Surpasses Bitcoin for First Time in August 2026
Ethereum spot trading volume has surpassed Bitcoin for the first time this month, reaching approximately $480 billion compared to BTC’s $401 billion in August 2026. This milestone reflects a historic shift in market dynamics, driven by sustained institutional inflows into Ethereum ETFs and major corporate treasury acquisitions of ETH at scale. The divergence underscores growing...
XRP Now Live as DeFi Collateral on Ethereum via Sentora
XRP holders can now use their tokens as collateral on Ethereum’s largest lending protocol through a new integration between Sentora and Flare Networks, marking a significant step toward institutional adoption of the Ripple ecosystem. The move—announced in early August 2026—allows XRP to function within decentralized finance without forced conversion, addressing a longstanding friction point for...
Cardano Surges on Historic Injective Cross-Chain IBC Connection
Cardano surged 7.12% to $0.2015 on August 7 following announcement of the first live cross-chain IBC connection with Injective, marking a watershed moment for blockchain interoperability. The price move reflects growing investor appetite for ecosystems solving the fragmentation problem that has long plagued decentralized finance, even as broader market positioning remains cautious ahead of potential...
Bitcoin Wallet Creation Hits 12-Month High Amid Coldcard Security Collapse
Bitcoin’s on-chain wallet creation hit a 12-month high this week as holders scrambled to rotate custody and audit holdings following a catastrophic firmware flaw in Coldcard hardware wallets that drained more than $130 million in Bitcoin across thousands of devices. The security collapse, coupled with a weaker-than-expected U.S. jobs report that cooled Federal Reserve rate...