The U.S. Commodity Futures Trading Commission (CFTC) will hold the inaugural meeting of its Innovation Advisory Committee (IAC) on August 20, with crypto regulation set to take center stage. The meeting comes as the CLARITY Act remains stalled in Congress, leaving federal regulators to consider alternative ways to provide greater certainty for the digital asset industry. According to the CFTCs meeting agenda, the opening session, titled Cryptos Regulatory Evolution: From Uncertainty to Clarity, will examine the future of U.S. crypto regulation and the remaining obstacles to establishing a...

Tether, the issuer of USDT, the worlds largest stablecoin, has completed its first full financial audit, marking a major step in the companys long-running effort to address concerns about transparency and the assets backing its token. KPMG U.S., one of the Big Four accounting firms, audited Tether Internationals financial statements for the year ending Dec. 31, 2025. According to Tether, KPMG issued an unqualified opinion, indicating that the financial statements fairly represented the companys financial position, operating results and cash flows in all material respects under U.S. generally...

XRP has underperformed several major cryptocurrencies over the past month, falling more than 5% while Bitcoin, Ethereum, and Solana recorded modest gains. The XRP price is now hovering near $1, with conflicting on-chain and market signals clouding its near-term outlook. XRP briefly slipped below the $1 mark earlier this week, its first move beneath that level since late 2024. Among the top 10 cryptocurrencies, only Hyperliquid posted a steeper monthly decline, while Dogecoin also traded lower. Despite XRPs price weakness, large investors appear to be accumulating. Santiment data showed that...

Kaspa and Sui are drawing attention following recent network upgrades, while BlockDAG (BDAG) is approaching launch with a Stage 1 price of $0.002 and a growing suite of planned utility features. Kaspa price is trading near $0.0255 as the network continues expanding its technical capabilities. The Toccata hard fork, implemented on June 30, introduced smart contract functionality and KRC-20 token support, opening the door to more applications within the Kaspa ecosystem. A separate block reward adjustment followed on August 5 as part of Kaspas emission schedule. With a market capitalization of...

Riot Platforms is preparing to sell 4,300 Bitcoin (BTC) to help finance the expansion of its AI data center infrastructure, according to its latest SEC filing. The move highlights a growing shift among major Bitcoin miners from accumulating cryptocurrency toward building more predictable, long-term computing businesses. The strategy comes as Bitcoin mining profitability remains under significant pressure. Riots mining revenue fell 19.3% in the second quarter as electricity expenses increased and Bitcoin hashprice dropped to historic lows. Bitcoin is currently trading around $63,500$63,700,...

Galaxy Digital CEO Mike Novogratz has warned that the United States growing debt and persistent government spending could eventually force policymakers into fiscal discipline, while strengthening the long-term case for Bitcoin. Novogratz shared his concerns on X while responding to investor and market commentator Charlie Bilello, who highlighted the size of the U.S. federal governments latest monthly budget deficit. According to Bilello, the government collected $334 billion in July while spending $766 billion, resulting in a $432 billion monthly deficit. Novogratz described the figures as...

Strategy Chairman Michael Saylor is expanding his long-standing Bitcoin-focused vision with a new Digital Finance Stack that gives Tethers USDT stablecoin a significant role in everyday transactions. The framework divides digital assets according to their financial functions. At one end sits Bitcoin (BTC), positioned as long-term digital capital and a defensive store of value. At the other are stable fiat-linked instruments designed for payments and routine financial activity. Saylors inclusion of USDT marks a notable development given his reputation as one of Bitcoins most prominent...

Evernorth Holdings has revised the terms of its planned Nasdaq listing through a merger with special purpose acquisition company Armada Acquisition Corp. II, responding to a sharp decline in the price of XRP. The crypto treasury company, which aims to build the largest publicly traded XRP reserve, initially structured the transaction using an assumed XRP price of $2.36. With XRP now trading near $1, Evernorth and Armada II have adjusted the more than $1 billion deal to better reflect current market conditions and protect incoming shareholders. Under the revised structure, Evernorth will no...

Trezor customers are facing heightened phishing and security risks after a data breach at ShipMonk, one of the hardware wallet makers fulfillment partners, exposed personal information belonging to nearly 14,000 people. Trezor said Thursday that 11,742 customers had their names, email addresses, phone numbers and shipping addresses compromised. Another 1,947 customers had their names, cities and email addresses exposed. The breach affected customers across the U.S., UK, Sweden, Colombia, Brazil, Italy and Portugal. The crypto hardware wallet company said it notified affected customers by...

Prediction market giant Kalshi is reportedly in advanced talks to raise at least $750 million in a new funding round that would value the company at $40 billion, highlighting its rapid growth amid booming demand for prediction markets. According to The Information, existing investor Sequoia Capital and Wellington Management are considering leading the round, which could ultimately exceed $750 million. Sequoia, a Silicon Valley venture capital firm with about $56 billion in assets under management, already has representation on Kalshis board. The investment would mark Wellingtons first backing...