Bitcoin treasury company Empery Digital sold about half of its BTC stack
Empery Digital (EMPD) on Friday announced the sale of 1,400 bitcoin for $62,200 each, generating $87.1 million in proceeds.
Crypto
Bitcoin price gains nearly 10% in July, but traders still see BTC copying 2022 bear market
Bitcoin price gains approached 10% for the first two weeks of the month, but analysis warned of the bear market returning from August onward.
Dollar stablecoins could improve FX access but amplify currency runs: IMF paper
An IMF working paper says dollar stablecoins can improve access to foreign currency but may also help coordinate exits from local currencies during periods of severe exchange-rate stress.
Bitcoin analysts predict $300,000–$500,000 price in 2029. The math says no
But one important data point runs counter to those forecasts, suggesting that gains may be more measured than ever.
Meta's Chief Data Officer Says Agentic Commerce is the "Next Tier of Business"
In a wide-ranging conversation on CoinDesk Spotlight, Schultz laid out a view of Meta's future in which agentic commerce is not a product category but an inevitability.
Democrats Call for Senate Hearings on Trump's Massive Crypto Profits
Democratic senators are calling for congressional hearings into President Donald Trump’s crypto holdings after new financial disclosures revealed they generated over $1.2 billion in income for him last year.
Bitcoin Treasury Firm Empery Digital Dumps Nearly Half of BTC Holdings for $87 Million
Publicly traded Empery Digital Inc. has sold nearly half its Bitcoin treasury since early May, using the proceeds to pay down debt, prepare for an AI-related real estate acquisition, and cover mounting legal bills tied …
Kraken to overhaul app with AI investing assistant
The redesigned app will use AI to recommend trades and tailor investing tools around users' financial goals as Kraken expands into broader financial services.
New Hampshire council votes down $100M Bitcoin bonds
State representative Keith Ammon said the New Hampshire executive council's vote against Bitcoin-backed bonds was “short-sighted,” urging the body to reconsider the measure.
US CBDC ban to go into effect without Trump signoff on housing bill
Donald Trump confirmed on social media that he would not sign the 21st Century ROAD to Housing Act, which includes a ban on a US CBDC until the end of 2030, setting the stage for the bill to become law on Saturday.
Apple Sues OpenAI, Claims Former Employees Stole Trade Secrets
Apple has sued OpenAI and two former employees, accusing the ChatGPT maker of using stolen trade secrets for its consumer hardware efforts.
Senate Democrats call for hearings into Trump’s ties to crypto amid CLARITY Act discussions
Five senators called for committee hearings to investigate US President Donald Trump’s policies potentially being influenced by crypto funding from United Arab Emirates-linked and other entities.
Backpack joins race for 24/7 stock markets with tokenized equities
The launch comes as tokenized stocks become one of the fastest-growing corners of crypto, with exchanges and traditional finance firms racing to expand 24/7 trading.
Xbox CEO Joins Fed AI Jobs Task Force Days After Announcing 3,200 Layoffs
Days after announcing the largest restructuring in Xbox history, CEO Asha Sharma has joined a Federal Reserve task force examining how artificial intelligence and other emerging technologies could reshape jobs, producti…
Trump Won't Sign Housing Bill With CBDC Ban—Will It Become Law Tonight Anyway?
President Donald Trump said Thursday he will not sign a bipartisan housing bill that includes a multi-year ban on the issuance of a U.S. central bank digital currency, or CBDC.
A16z’s Andreessen lands Federal Reserve role as AI reshapes policy debate
The Fed named a16z co-founder Marc Andreessen to co-lead an AI productivity and jobs task force under Chair Kevin Warsh’s policy review.
Bitcoin whales sent BTC price to $64K as Coinbase Premium broke key level: CryptoQuant
Bitcoin price gains came thanks to US whales propeling the Coinbase Premium above a key trend line, new analysis from CryptoQuant reported.
U.S. government digital dollar set to be banned tonight under housing law's CBDC limit
The crypto industry's long animosity toward the idea of a U.S. central bank digital currency (CBDC) will be rewarded with a ban under the housing bill set to pass into law in the first moment of Saturday.
Crypto Biz: How stablecoins found their niche
Stablecoins are carving out specialized roles as regulation reshapes the market, while Strategy’s Bitcoin sale and Vanguard’s tokenization push highlight crypto’s evolving financial landscape.
Circle Stock Jumps as Stablecoin Issuer Wins Final Federal Banking Charter Approval
Circle has received final approval to establish a national trust bank from the U.S. Office of the Comptroller of the Currency, a move that’s set to shift the stablecoin issuer’s operations from a patchwork of state-by-s…
Wall Street banks tighten prediction market rules for staff as insider fears spread
Wall Street banks, including Goldman Sachs and Morgan Stanley, are restricting employee prediction market trades as insider trading fears spread across Polymarket and Kalshi.
Hyundai becomes first major South Korean company to introduce internal stablecoin transfers
Hyundai, the world’s third-largest carmaker by vehicle sales, moved a stablecoin-based, cross-border, internal remittance system into production readiness on the Avalanche blockchain, becoming the first major South Kore…
Strategy Bitcoin Sales 'Mostly Noise,' Standard Chartered Says, Holding $100K BTC Call
Strategy's turn from hoarding Bitcoin to selling it, in order to pay dividends on its preferred stock, has "muddied" Bitcoin's near-term prospects, according to a new Standard Chartered note that nonetheless urges inves…
North Carolina Bill Recognizes CFTC's ‘Federal Regulatory Authority’ Over Prediction Markets
North Carolina has become one of the few states to formally side with federal regulators in the escalating fight over prediction markets, enacting a law that recognizes the CFTC's authority over platforms like Kalshi an…