Jim Cramer Says He Plans to Sell All His Bitcoin on Quantum Computing Fears

CNBC "Mad Money" host Jim Cramer plans to sell all of his Bitcoin holdings because of advances in quantum computing, Crypto Briefing reported on Aug. 3. On a live broadcast, Cramer said he expects quantum computing to overtake the Bitcoin market with

Coinbase Launches Ad Campaign Urging Congress to Pass CLARITY Act

Coinbase has launched a new advertising campaign urging the US Congress to pass the CLARITY Act, a digital-asset market structure bill, Cointelegraph reported on Aug. 3. The campaign comes as prospects for Senate action on the measure have dimmed ahe

Bitcoin Slides With Each Yen Intervention, Warning of Further Losses

BeInCrypto reported on August 3 that Bitcoin’s biggest drops of 2026 have coincided with periods when Japanese authorities intervened in markets to support the yen. The report said the market is split on what comes next. One camp sees a stronger yen

Iran Denies Any Deal to Reopen Strait of Hormuz, Says Closure Will Continue if U.S. Hostility Persists

Iran denied reports that it had agreed to reopen the Strait of Hormuz. Walter Bloomberg reported on August 2, citing Iran's Fars News, that Tehran "has not accepted any agreement related to reopening the Strait of Hormuz." Iran added that the waterwa

CFTC Settles With Former Congressman George Santos Over Kalshi Manipulation Allegations

The US Commodity Futures Trading Commission has settled with former US Representative George Santos over allegations he manipulated a market on prediction platform Kalshi, crypto media outlet The Block reported on August 31. The CFTC had previously s

Bitcoin Hashrate Extends 287-Day Decline; Mining Difficulty 19.9% Below Peak

Bitcoin’s hashrate has been falling for about 287 days, while mining difficulty is now 19.9% below its all-time high. Crypto News reported on August 31 that shares of some publicly traded mining companies have climbed more than 430% over the past yea

Grayscale Urges Senate to Hold Clarity Act Floor Vote Before August Recess

Grayscale Investments sent a letter to the US Senate urging it to hold a floor vote on the Clarity Act before Congress begins its August recess, foreign media reported on July 31. Lawmakers and their staff have spent months working through complex is

IBM CEO Says Quantum Computing Nears Commercialization, May Boost Revenue by 2028-2029

IBM Chief Executive Officer Arvind Krishna said quantum computing is moving beyond the research stage and nearing commercialization, with meaningful contributions to the company’s revenue and profit expected starting in 2028 and 2029, CoinDesk report

Citi Says Buy-the-Dip Strategy Is Spreading in Kospi, Keeps 10,000 Target

Citigroup said investors are shifting toward a buy-the-dip strategy in the Kospi, citing increased foreign inflows, stronger buying by pension funds and tighter trading rules for retail investors. Walter Bloomberg reported on July 31 that Citi mainta

Nasdaq Rises 2.78% as US Stocks Close Higher

The three major US stock indexes closed higher on July 31. The Nasdaq Composite rose 2.78% from the previous session to 25,122.18. The Dow Jones Industrial Average gained 1.19% to 52,209.57, while the S&P 500 advanced 1.67% to 7,437.98.

Senate Republicans Again Block Resolution to End US Hostilities With Iran

Senate Republicans have again blocked a resolution calling on President Donald Trump to withdraw US forces from hostilities with Iran, The Hill reported on July 30. The Senate voted 49-50 on July 30 against a motion to bring the War Powers resolution

Bessent Urges Senate to Vote Immediately on Clarity Act

US Treasury Secretary Scott Bessent urged the Senate to hold an immediate vote on the Clarity Act, a cryptocurrency market structure bill. In a post on X, formerly Twitter, on July 30, Bessent wrote that more than a year has passed since the House ap

Bitcoin Miner GoMining Launches BTC Trading, Custody Services

Bitcoin mining company GoMining has launched Bitcoin trading and custody services through a partnership with crypto platform Uphold, U.Today reported. The service will initially be offered to users in the US. Customers can buy, sell and store Bitcoin

Fed’s Warsh Says FOMC Press Conferences Will Continue Through Year-End

Federal Reserve Chair Kevin Warsh said he will continue holding press conferences after Federal Open Market Committee meetings through the end of this year, Bloomberg reported on July 29. At a press conference, Warsh said the Fed would not be constra

Fed Holds Rates at 3.50%-3.75%; Three Officials Dissent for 25 Basis-Point Hike

The Federal Reserve left its benchmark interest rate unchanged at 3.50% to 3.75% on July 29, Walter Bloomberg reported. The decision was made in a 9-3 vote by the Federal Open Market Committee. Beth Hammack, Neel Kashkari and Lorie Logan dissented, f

US Stocks Turn Lower, Nasdaq Falls 0.85%

The three major US stock indexes were trading lower on July 30. The Nasdaq Composite fell 0.85% from the previous session to 24,665.64. The Dow Jones Industrial Average dropped 1.48% to 51,967.76, while the S&P 500 declined 0.74% to 7,474.20.

BofA Says Clients Bought US Stocks for Fourth Straight Week Despite S&P 500 Dip

Bank of America said clients were net buyers of US stocks for a fourth straight week last week, even as the S&P 500 fell 0.6%, according to Walter Bloomberg on July 29. Institutional investors led the buying. Their weekly net purchases were the large

Iran Says Ukraine Called Attack on Iranian Ship Unintentional, Doesn't Want Escalation

Iranian Foreign Minister Abbas Araghchi said his Ukrainian counterpart told him the attack on an Iranian ship was an "unintentional incident" and that Ukraine does not want the conflict to escalate, Walter Bloomberg reported on July 28. Araghchi said

US Stocks Turn Mixed; Nasdaq Falls 0.18%

The three major US stock indexes were mixed on July 29, with the Nasdaq Composite down 0.18% from the previous session at 24,886.32. The Dow Jones Industrial Average rose 1.14% to 52,803.70, while the S&P 500 gained 0.26% to 7,432.53.

US Court Sentences TransLunar Founder to 37 Months for Hiding $7 Million in Income

Justin Ryan Schmidt, founder of crypto hedge fund TransLunar, was sentenced by a US court to 37 months in prison for tax evasion after concealing millions of dollars in income and assets, Bloomberg reported on July 28. After renouncing his US citizen

US Senate Unlikely to Vote on CLARITY Act This Week as Russia, Iran Sanctions Bill Takes Priority

Eleanor Terrett, host of Crypto in America, said on July 28 that the US Senate is unlikely to vote this week on the CLARITY Act, a market structure bill for digital assets. Senate Majority Leader John Thune would first need to complete cloture on a m

New York Attorney General Calls for Stronger Safeguards in CLARITY Act

New York Attorney General Letitia James on July 27 urged Congress to strengthen safeguards in the CLARITY Act, a bill that would set a market structure for digital assets in the US, in a post on her official X account. She said the bill could weaken

US Stocks Turn Mixed; Nasdaq Falls 0.09%

The three major U.S. stock indexes were mixed on July 28, with the Nasdaq Composite falling 0.09% to 24,953.35. The Dow Jones Industrial Average rose 0.43% to 52,172.80, while the S&P 500 added 0.06% to 7,416.41.

MoonPay Partners With Tempo to Support Fiat-to-Stablecoin Payments

MoonPay, a cryptocurrency payments infrastructure provider, has partnered with payment platform Tempo to support payment services connecting fiat currencies and stablecoins, Cointelegraph reported on July 27. The partnership will make it easier for u

Trump Says Fed Should Cut Rates, US Should Have World’s Lowest Borrowing Costs

President Donald Trump said July 27 that the Federal Reserve should cut interest rates and that the US should enjoy the lowest borrowing costs in the world, Walter Bloomberg reported. Trump also called Fed governors "political" and said Kevin Warsh,

Bitcoin May Face Further Declines, With Retest of $52,000-$58,000 Possible

Bitcoin fell 0.2% on July 27, Walter Bloomberg reported. On-chain analytics firm Nansen said the market has yet to confirm a firm bottom and could retest the $52,000 to $58,000 range. Nansen added that the Federal Reserve's monetary policy decision d

Iran Says It Sold $11.5 Billion of Crude During War, Exceeding 60% of Annual Goal

Iran sold $11.5 billion of crude oil during the war and recorded another $6.5 billion in sales during the ceasefire, the country's Oil Ministry said on July 25, according to Walter Bloomberg. The ministry said it has already achieved more than 60% of

Coinbase Chief People Officer to Step Down Aug. 17, Stay as Adviser Through Nov. 30

Coinbase Chief People Officer Lawrence Brock will step down on Aug. 17, crypto media outlet BeInCrypto reported on July 24. Brock will remain at Coinbase in an advisory role through Nov. 30. The company did not disclose the reason for his departure.

Crypto Industry Groups Urge US Senate to Prioritize CLARITY Act

Crypto industry groups including the Crypto Council for Innovation, the Digital Chamber and the Blockchain Association urged the US Senate to prioritize floor consideration of the CLARITY Act, Cointelegraph reported on July 24. In a joint letter to S

US Stocks Turn Mixed; Nasdaq Falls 0.14%

The three major U.S. stock indexes were mixed on July 25. The Nasdaq Composite was down 0.14% from the previous close at 25,101.27. The Dow Jones Industrial Average rose 0.52% to 51,980.70, while the S&P 500 gained 0.32% to 7,431.98.