Bloomingbit Newsroom

White House Sees CLARITY Act Advancing as Sept. 15 Vote Looms

The White House expressed strong confidence that the CLARITY Act, a U.S. crypto market-structure bill, can advance ahead of its first vote in September. Patrick Witt, a White House adviser on digital assets, told the SALT conference in Wyoming that h

Bitcoin Rises Above $65,000

US Deports Man Accused of $165 Million Crypto Investment Fraud From Fiji

A man accused of carrying out a $165 million digital-asset investment fraud and fleeing overseas has been returned to the US. The Block reported on Aug. 18 that Edward Zimbardi, the operator of the digital-asset investment program The Crypto Program,

Gate.io Says Digital Assets and Stocks Are Converging as ‘Multi-Asset’ Era Emerges

Investment across traditional financial assets and digital assets is poised to accelerate as the boundary between crypto and equity markets continues to fade. Lucas Xiong, Gate.io’s head of stock market development, told Odaily in an interview publis

China Adds Eight Banks to Digital Yuan Network, Expanding Total to 30

China has added more banks to handle the digital yuan, its central bank digital currency. Cointelegraph reported on Aug. 18 that the People’s Bank of China designated eight additional banks as digital yuan operators, bringing the total to 30. The new

Tether Plans Push Into AI, Targets Digital Infrastructure Expansion

Tether, the issuer of the world’s largest stablecoin, USDT, has formally laid out plans to expand its business. Bitcoin.com reported on August 18 that Chief Executive Officer Paolo Ardoino said in a recent interview the company has not thought of its

South Korea Orders Domestic Access to Polymarket Blocked

South Korea will block domestic access to prediction-market platform Polymarket after regulators determined it effectively provides a gambling environment for local users. News1 reported on August 18 that the Korea Communications Standards Commission

Bitcoin at $1 Million by 2030 Is Mathematically Impossible, 10x Research Says

Bitcoin reaching $1 million by 2030 is realistically impossible, according to an analysis cited by Cointelegraph on Aug. 15. In an interview, Markus Thielen, head of research at 10x Research, said forecasts calling for Bitcoin to hit $1 million by 20

Wall Street’s Private-Chain Boom Risks Undermining Blockchain’s Core Values

Wall Street’s growing embrace of private blockchains could undermine the core values of blockchain technology, CoinDesk reported on August 15. In an interview, Etheralize CEO Vivek Raman said the spread of enterprise consortium chains could eventuall

Washington State Court Orders Kalshi to Halt Some Prediction Market Services

A Washington state court has ordered prediction market platform Kalshi to suspend part of its operations. Cointelegraph reported Aug. 15 that King County Superior Court Judge John McHale issued a preliminary injunction barring Kalshi from offering ev

Bitcoin Demand Rebounds Sharply After Two Months, but Bullish Case Remains Unclear

Bitcoin demand is recovering quickly, according to CryptoQuant analysis, though it remains insufficient to absorb all new supply. On Aug. 15, CryptoQuant contributor Darkfost wrote that Bitcoin’s apparent demand had recovered to negative 32,000 from

Iran Says It Will Keep Strait of Hormuz Blocked Until US Accepts Its Terms

Iran said it will keep the Strait of Hormuz blocked until the US accepts its terms, as tensions between Washington and Tehran deepen. Walter Bloomberg reported on August 15 that Iran would maintain the closure of the Strait of Hormuz until the US agr

Cboe Files With SEC to List 3x Bitcoin, Ether ETFs

Investors are watching whether leveraged exchange-traded funds tied to digital assets will make it to market. The Block reported on August 15 that Cboe BZX Exchange, a unit of Cboe, filed a proposed rule change with the US Securities and Exchange Com

Binance to Restrict Transactions Linked to 11 Digital-Asset Platforms, Including HTX

Binance, the world’s largest digital-asset exchange, will restrict transactions linked to 11 digital-asset platforms, including HTX. Cointelegraph reported on Aug. 14 that Binance will stop processing transactions related to 11 platforms and service

Ireland to Tighten Anti-Money Laundering Rules for Digital Assets

Ireland plans to tighten anti-money laundering rules for transactions involving digital-asset wallets. Decrypt reported on August 14 that the Irish government has unveiled its first national anti-money laundering strategy, including regulations for d

[Analysis] Bitcoin Whales Accumulate 54,400 BTC in Two Months as Price Stays Rangebound

Bitcoin investors holding large amounts of the token have accumulated heavily over the past two months, even as the cryptocurrency remains stuck in a trading range. On Aug. 14, CryptoQuant contributor Woo Min-kyu wrote that holders of more than 100 B

Bitcoin’s Long-Dormant Supply Stirs, but Metric Doesn’t Yet Signal Selling

Bitcoin held by long-term owners is becoming active again, though the move does not necessarily amount to a sell signal. Axel Adler Jr., a CryptoQuant contributor, wrote on X on August 14 that the 30-day moving average of Bitcoin’s Average Coin Dorma

Pump.fun Co-Founder Says Scaling Back Community Outreach After Fundraising Was a Mistake

Pump.fun co-founder Noah Tweedale said the memecoin issuance protocol made a mistake by cutting back communication with its community after raising funds. Wu Blockchain reported on August 14 that Tweedale made the remarks in an interview with Crypto

Nvidia to Invest Up to $3 Billion in Lancium

Takes 20% stake, with plans for additional investment Move aims to strengthen the AI data-center ecosystem Nvidia is investing up to $3 billion in power-infrastructure developer Lancium, a move aimed at strengthening the power-grid backbone needed to

Analysis: Bitcoin’s Next Key Test Is Breaking Above $65,300

Bitcoin’s key resistance level is $65,300. Digital-asset analyst Killa wrote on X on August 9 that Bitcoin is facing resistance at $65,300, its current weekly high. If it decisively reclaims that level, the cryptocurrency could extend gains to $66,90

Bitcoin Network Activity Hits One-Year High With 2.27 Million New Wallets

Bitcoin network activity has surged. On-chain analytics platform Santiment said in a post on X on August 9 that Bitcoin recorded a week of strong on-chain activity. Over the past week, 2.27 million new Bitcoin wallets were created, the highest level

Bitwise CIO Says Trillions Could Flow Into Bitcoin, Sees $1.3 Million by 2035

Bitcoin could rise to $1.3 million over the long term, Bitwise said. Matt Hougan, the asset manager’s chief investment officer, said in an interview that institutional investors could channel trillions of dollars into the Bitcoin market over the next

Crypto Card Spending Nears $760 Million a Month

The market for cards that let users spend digital assets is growing rapidly. On Aug. 9, a16z Crypto, the digital-asset arm of venture capital firm Andreessen Horowitz, wrote on X that "digital asset payment cards have grown from a niche product into

Digital Assets Are 2026’s Worst-Performing Major Asset Class, With Bitcoin Down 34.6%

Digital assets are the worst-performing major asset class so far in 2026. Cointelegraph wrote in a post on X, formerly Twitter, on August 9 that digital assets have posted the weakest performance this year compared with gold, silver, the Nasdaq and t

Crypto Fear and Greed Index Rises to 31, Remains in Fear Zone

The Fear and Greed Index, a measure of investor sentiment in the cryptocurrency market, remained in the fear zone. Alternative reported on August 9 that the index rose 1 point from a day earlier to 31. As of 9:15 a.m., Bitcoin was trading at $64,910,

Grayscale Says Clarity Act Unlikely to Pass This Year

The Clarity Act, one of the digital-asset industry's most closely watched bills, failed to come to a vote in August, raising doubts about its chances of passing this year. Jack Pandl, Grayscale's head of research, wrote in an Aug. 8 report that agree

More Than 70% of Digital-Asset Project Treasuries Are in Tokens, GSR Says

Digital-asset projects hold more than 70% of their treasury assets in self-issued tokens, highlighting the need for advance risk management ahead of a market downturn, GSR said. In a report released Aug. 8, the market maker said more than 70% of dece

US Digital-Asset Industry Spent More Than $225 Million on Politics, but Clarity Act Vote Delayed

The US digital-asset industry spent astronomical sums on Washington lobbying after President Donald Trump took office. Even so, a Senate vote on the Clarity Act, the industry's top legislative priority, failed to materialize. The industry spent more

Saylor Says AI Helped Strategy Raise $15 Billion

Strategy, the largest corporate holder of Bitcoin, used artificial intelligence to devise a fundraising strategy, Wu Blockchain reported. Michael Saylor, Strategy's chairman, said in an Aug. 6 interview with The Diary Of A CEO that the company "made

USDG Market Value Jumps 10-Fold in a Year on OKX Ecosystem Growth

The market capitalization of stablecoin USDG, a digital asset pegged to fiat currency, has grown more than tenfold over the past year. On Aug. 8, on-chain analyst EmberCN wrote on X that USDG's market value had risen from $300 million to $3.5 billion