Bitcoin, Ethereum, XRP, Dogecoin Slip As Hotter-Than-Expected PPI Data Weighs On Markets
Cryptocurrency markets are trading lower Thursday morning following a surpisingly hot producer price inflation data print. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $118,474.70 Ethereum (CRYPTO: ETH) $4,605.73 Solana (CRYPTO: SOL) $195.00 XRP (CRYPTO: XRP) $3.11 Dogecoin (CRYPTO: DOGE) $0.2271 Shiba Inu (CRYPTO: SHIB) $0.00001304 Notable Statistics: IntoTheBlock data shows...
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US Treasury Freezes Bitcoin Purchases — Here’s What Scott Bessent Plans To Do Instead
U.S. Treasury Secretary Scott Bessent on Thursday confirmed the government will not be buying additional Bitcoin (CRYPTO: BTC) for its strategic reserve, saying the holdings will grow only through confiscated assets. What Happened: Speaking to Fox Business, Bessent also projected that tariff revenues could exceed earlier forecasts, potentially surpassing...
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TeraWulf Stock Soars After Google Takes 8% Stake, Bitcoin Mining Company Inks Massive $3.7 Billion Infrastructure Deal
TeraWulf Inc. (NASDAQ:WULF) announced two 10-year high-performance computing (HPC) colocation agreements with Fluidstack on Thursday. TeraWulf develops, owns, and operates industrial-scale data center infrastructure in the U.S., purpose-built for high-performance computing (HPC) hosting and Bitcoin (CRYPTO: BTC) mining. Under the agreements, TeraWulf will deliver more than 200 MW of critical...
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Cardano Hits New Milestone As Grayscale Moves Forward With ETF Application
Grayscale has taken its first official step toward launching a Cardano (ADA) exchange-traded fund (ETF), registering the Grayscale Cardano Trust in Delaware. The legal filing marks the start of the process, and an approval from the SEC could draw interest from both institutional and retail investors who value the...
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Ethereum ETF inflows jump $729m, surpass Bitcoin ETFs
U.S.-listed exchange-traded funds tracking Ethereum have logged another day of strong inflows as institutional demand shows no signs of cooling. Ethereum ETFs recorded $729 million in inflows in their latest trading session on August 13, according to SoSoValue data. BlackRock’s…...
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Ripple Bulls Wrecked for $60M as XRP Flash Crashes to $3: Details
TL;DR The entire cryptocurrency market turned red in the past hour or so, and Ripple’s cross-border payments token was not spared. XRP plunged to a weekly low, leaving over $60 million worth of short and mostly long positions wrecked. XRPUSD. Source: TradingView A lot can change in the digital...
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Ether-Led Rally Pushed Crypto Market Cap to $3.7T in July: JPMorgan
The crypto market staged a sharp rebound in July, with total market capitalization climbing 14% from the previous month to $3.7 trillion, Wall Street bank JPMorgan (JPM) said in a research report Thursday. Average market cap rose 12% in the same period, driven by broad-based gains across tokens, decentralized...
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CoinDesk 20 Performance Update: Uniswap Drops 8.2%, as Nearly All Assets Decline
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 4274.67, down 2.7% (-117.53) since 4 p.m. ET on Wednesday. One of 20 assets is trading higher. Leaders: ADA (+5.3%) and SOL (-1.6%)....
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USD.AI Raises $13M to Expand GPU-Backed Stablecoin Lending
Stablecoin protocol USD.AI, which provides credit to artificial intelligence (AI) companies, has raised $13 million in Series A funding led by Framework Ventures. USD.AI, developed by Permian Labs, issues loans to emerging AI firms using graphics processing unit (GPU) hardware as collateral, cutting approval times by more than 90%...
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Billionaire Winklevoss Twins-Backed Gemini Launches Self-Custodial Smart Wallet
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has launched the Gemini Wallet, a new self-custodial smart wallet that aims to streamline user access to Web3 protocols, decentralized finance (DeFi) platforms, and onchain applications, the company said in a blog post Thursday. Available at onchain.gemini.com, the Gemini...
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