US Treasury to at Least Double Bond Buybacks, Adding to Bitcoin’s Upward Momentum

The US Treasury plans to at least double its bond buybacks, a move that could bolster risk assets such as Bitcoin. Bloomberg reported on August 19 that the Treasury said in a statement it would expand buybacks by at least twofold to support liquidity

Strategy Plans to Expand Bitcoin-Backed Credit Business, With Annual Issuance of Up to $10.8 Billion

Strategy, the world’s largest corporate holder of Bitcoin, is positioning “Digital Credit” — fundraising backed by Bitcoin — as a new growth engine. Odaily reported on August 19 that Strategy said in an investor report released that day it held 840,4

Cantor Fitzgerald to Offer Kalshi Event-Contract Trading to Institutional Clients

Cantor Fitzgerald will offer institutional clients access to event-contract trading on prediction-market platform Kalshi. The Wall Street Journal reported on Aug. 19 that the U.S. investment bank recently decided to support trading on Kalshi for abou

SkyBridge Capital Says Bitcoin Will Top $100,000 Again

SkyBridge Capital, the U.S. hedge fund, expects Bitcoin to climb back above $100,000. Anthony Scaramucci, founder of SkyBridge Capital, told CNBC on Aug. 18 that Bitcoin will rise above $100,000 again ahead of the 2028 halving. He said a halving-driv

SK Hynix to Buy Back and Retire $29 Billion of Shares to Boost Shareholder Value

On-Chain Lender Figure Reports $226 Million in Q2 Revenue, Up 113% From a Year Earlier

Figure, an on-chain lending platform, more than doubled its second-quarter revenue from a year earlier. CoinDesk reported on August 13 that Figure's net revenue for the quarter rose 113% from a year earlier to $226 million. Net income climbed 192% to

BitMine’s Staked Ether Tops 5 Million, Annual Yield Estimated at $257 Million

BitMine, the world’s largest corporate holder of Ether reserves, stands to generate about $260 million in annual staking income. Cointelegraph reported on August 13 that BitMine’s staked Ether holdings recently surpassed 5 million tokens. The company

US July PPI Was Unchanged From a Month Earlier, Missing Forecasts

JPMorgan Plans Blockchain Test for Real-Time Settlement of Japanese Government Bonds

JPMorgan plans to test real-time execution and settlement of Japanese government bond trades on a blockchain-based system. BlockBeats reported on August 13 that JPMorgan will trial a system that processes the execution and settlement of Japanese gove

South Korea’s Ruling Party Plans Second Bill to Delay Crypto Tax to 2029

South Korea’s ruling People Power Party is planning to introduce another bill to delay taxation on virtual assets, or cryptocurrencies. Edaily reported on August 13 that People Power Party lawmaker Kim Sang-hoon plans as early as this month to propos

South Korea Tightens Review of Major Shareholders in Crypto Firms, Mandates Advance Filing for Changes

South Korean regulators will tighten their review of major shareholders at virtual-asset service providers starting Aug. 20. The Financial Intelligence Unit, under the Financial Services Commission, said on Aug. 13 that it will finalize and implement

Google Raises New Smartphone Prices by About $100 on Memory Supply Crunch

Google has raised prices for its new smartphones as a memory chip supply crunch pushes up costs. Google unveiled the new Pixel 11 Pro and other smartphones on August 12, foreign media outlets including BlockBeats reported. Prices for the newly unveil

Norway Wealth Fund Posts Record $182 Billion First-Half Profit, Reveals SpaceX Stake

Norway’s sovereign wealth fund, the world’s largest, posted a record $182 billion profit in the first half of the year, helped by a rally in Asian technology stocks. The fund also disclosed its investment in Elon Musk’s SpaceX for the first time. The

Russia Raids 9 Unregistered Crypto Exchanges in Moscow, Detains More Than 20

Russian authorities raided nine unregistered cryptocurrency exchanges in Moscow. Cointelegraph reported on August 7 that Russia’s Federal Security Service, or FSB, and the Interior Ministry searched nine unregistered crypto exchanges at sites includi

Ark Invest Buys $21 Million of Block Shares, Adds to SpaceX Stake

Ark Invest, the investment firm led by Cathie Wood, bought a large block of shares in payments company Block. Odaily reported on August 7 that Ark Invest disclosed purchasing 267,676 Block shares for about $21 million on August 6. The firm also bough

Chainlink Buys Back $1.13 Million of LINK, Transfers Tokens to Reserve Wallet

Chainlink carried out a token buyback worth about $1.13 million. Odaily and other outlets reported on Aug. 7 that Chainlink recently bought about 139,956 LINK tokens and transferred them to a reserve wallet. The buyback is estimated to have cost abou

SK Hynix Approves $39.1 Billion Investment for Yongin Phase 2 Fab, Cheongju M17

Bernstein Keeps $140 Target on Circle, Says Market Undervalues Growth

Bernstein maintained its $140 price target on Circle, the issuer of the USDC dollar stablecoin. The firm said in a recent report, cited by The Block on Aug. 6, that Circle’s second-quarter results challenge the bearish case. Bernstein also reiterated

Hana Financial, Lambda256 to Develop Blockchain Cross-Border Payments System

Hana Financial Group is working with Lambda256, a blockchain company under Dunamu, to build a blockchain-based cross-border remittance and payments system. Hana Financial recently started the project with Lambda256, Herald Business reported on Aug. 6

Sumi Jo, Fresh Off Maria Callas Prize, Opens Exhibition for 40th Debut Anniversary

The exhibition reimagines soprano Sumi Jo’s four-decade musical journey through the progression of spring, summer, autumn and winter. Seventeen leading South Korean artists are participating with paintings and sculptural works. Artcube 2R2 said the s

CME Chief Warns US Crypto Perpetual Futures May Face Tax Risk

Terry Duffy, chairman and chief executive officer of CME Group, warned that cryptocurrency perpetual futures in the US could face tax uncertainty. In an interview with CoinDesk published on July 30, Duffy said there is tax ambiguity for participants

US Second-Quarter GDP Rises 1.5%, 0.6 Percentage Point Below Forecast

Bernstein Cuts Circle Price Target to $140 From $190, Keeps Growth View

Bernstein cut its price target for Circle, the issuer of the USDC dollar stablecoin, while maintaining its broader growth outlook. The Block reported on July 29 that Bernstein lowered its target to $140 from $190, a cut of more than 26%, on the view

Kospi Drops 6% to 5,663.24, Extending Two-Day Rout

The Kospi plunged for a second straight day, closing below the 6,000 level. The selloff in South Korean equities triggered circuit breakers for a second consecutive session, the first such occurrence on record. The benchmark Kospi ended at 5,663.24,

South Korea Lawmaker Min Says Digital Asset Framework Act Must Pass This Year, With ‘No Plan B’

Interview with Min Byung-duk, a lawmaker from South Korea’s Democratic Party ‘Settle key disputes by September and speed the framework law’ ‘No monopoly for any one sector in digital assets’ ‘Crypto taxation needs fixes on fairness and other issues’

Drift Hacker Sends 23,095 Ether Worth $44.4 Million to Tornado Cash

A hacker behind the Drift Protocol exploit has moved a large amount of Ether to the crypto mixing protocol Tornado Cash. BlockBeats reported on July 24, citing data from blockchain security firm PeckShield, that an address believed to be linked to th

Trump Warns Houthis of Military Retaliation Over Any New Ship Attacks

President Donald Trump signaled possible military action against Yemen's Iran-backed Houthi rebels. In a Truth Social post on July 23, Trump said the Houthis had acted "very responsibly" during the conflict with Iran. He added that the group had "sta

US Initial Jobless Claims Fall to 187,000, Far Below Forecast

IoTrust Starts Sales of Card-Based Cold Wallet D'CENT S

IoTrust, a South Korean cryptocurrency wallet provider, said Thursday it has started official sales of its card-based cold wallet, D'CENT S. D'CENT S is the company's first new product since 2018. The device is designed to ease the burden of storing

Drift Hacker Resumes Activity After 3 Months, Sends Ethereum to Tornado Cash

The hacker behind Drift Protocol (DRIFT) has resumed activity after about three months. BlockBeats, citing Onchain Lens data, reported on July 23 that an address linked to the Drift hacker is transferring Ethereum (ETH) to crypto mixing protocol Torn