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LINE NEXT, Eximbay Sign MOU on Global Digital Asset Payments

LINE NEXT said on Aug. 6 that it signed a memorandum of understanding with Eximbay, a cross-border payments company, to expand global digital-asset payment and payout services. The companies plan to combine their infrastructure to broaden the digital

US Charges Few and Far Founder With Securities, Wire Fraud

The founder of nonfungible token platform Few and Far has been charged by US prosecutors. The US Attorney’s Office for the Southern District of New York said Aug. 5 that it charged Few and Far founder Taj Tasha with securities fraud and wire fraud. P

US Senate Leaves CLARITY Act Off Aug. 5 Agenda

The US Senate did not include the CLARITY Act on its agenda for Aug. 5, according to Watcher.Guru.

US Lifts Counterterrorism Sanctions on Iran-Linked Aircraft, Airlines

The US government has lifted sanctions related to Iran's Islamic Revolutionary Guard Corps, or IRGC. Reuters reported on August 5, citing the US Treasury Department's website, that the US lifted counterterrorism sanctions previously imposed on two ai

US July ISM Services PMI at 54.1, Misses Forecast

U.S. services-sector activity in July came in slightly below market expectations. The Institute for Supply Management's non-manufacturing purchasing managers index, or PMI, stood at 54.1 in July, according to data released on August 5. That was sligh

Iran, Oman Draft Hormuz Strait Agreement, Await Final Approval

Iranian and Omani negotiators have drafted an agreement on the Strait of Hormuz, according to a report. Odaily, citing the Associated Press on August 5, reported that the two sides had reached a draft agreement and are awaiting final approval from Ir

US July Services PMI at 54.6, Beats Forecast

The U.S. services purchasing managers index rose above market expectations in July. S&P Global said on August 5 that the U.S. services PMI came in at 54.6 for July, above the market forecast of 53.6. The PMI is an indicator of business conditions bas

Nomura’s Laser Digital Invests Millions of Dollars in UAE-Based ZIGChain

UAE-based ZIGChain has secured a multimillion-dollar investment from Laser Digital, the digital-asset subsidiary of Japan’s Nomura. Laser Digital made the strategic investment in ZIGChain, worth several million dollars, CoinDesk reported on August 5.

Analysis: Nearly Half of Bitcoin Supply Is Underwater, Signaling Bear Market's Late Stage

Nearly half of the circulating supply of Bitcoin is being held at a loss, according to CryptoQuant data. On August 5, CryptoQuant contributor Darkfost wrote on X that only 52% of Bitcoin supply is currently in profit, leaving close to half of all coi

Cipher Mining Sells 470 Bitcoin to Fund AI Data Center Investment

Bitcoin miner Cipher Mining sold some of its Bitcoin holdings as part of a strategy to invest in AI data centers. Bitcoin Treasuries wrote in a post on X on Aug. 5 that Cipher Mining sold 470 Bitcoin to fund AI data center development. The sale reduc

BitPlanet Says Robinhood Chain Built Early Liquidity on Memecoins, Tokenized Stocks Yet to Prove Themselves

Robinhood Chain, which launched last month and drew strong industry attention, succeeded in drawing early liquidity through memecoins, but it remains unclear whether that will translate into gains in tokenized stocks, according to a new analysis. Bit

Cashcat Jumps 23% Intraday

Cashcat (CASHCAT), a meme coin, surged in intraday trading. As of 9:53 p.m. on August 5, the token was trading at $0.09183, up 23.59% from a day earlier, according to CoinMarketCap. Cashcat is a meme coin launched on Robinhood Chain.

Alpaca Raises $435 Million

The Block reported on X on Aug. 5 that Alpaca, a tokenized brokerage infrastructure firm, had raised $435 million.

Binance Sues RedotPay Founders, Seeks $470 Million Over Alleged User Diversion

Binance, the world’s largest digital-asset exchange, has sued the founders of crypto payments company RedotPay. Bloomberg reported on August 5 that Binance affiliates Nest Trading, Distributed Technologies and Chantex Consulting Singapore filed a dam

Circle Q2 Revenue Rises 7%; Shares Gain 7% in Premarket

Circle, the issuer of the fiat-backed stablecoin USDC, reported strong second-quarter results, helped by higher revenue and continued growth in the USDC ecosystem. Circle said on its website on Aug. 5 that total revenue and reserve income for the sec

BlackRock Tokenized Money Market Fund Gets S&P’s Top AAAm Stability Rating

BlackRock’s tokenized money market fund has received the highest stability rating from S&P Global Ratings. Cointelegraph reported on August 5 that S&P assigned its top AAAm rating to BlackRock’s BlackRock Daily Reinvestment Stablecoin Reserve Vehicle

Coldcard Hack May Drive More Secure Bitcoin Self-Custody, Swan CEO Says

The hack of Coldcard hardware wallets could become a turning point for stronger security in Bitcoin self-custody, CoinDesk reported on August 5. Cory Klippsten, chief executive officer of Swan Bitcoin, said the breach had prompted Bitcoin holders to

Bitcoin in Longest Capitulation Phase Since FTX Collapse, Glassnode Says

Bitcoin is in its longest stretch of market capitulation since FTX's collapse in 2022, according to Glassnode. Cointelegraph reported on August 5 that the on-chain analytics firm said its proprietary Bitcoin Cycle Position Heatmap has pointed to capi

DefiLlama Adds Market-Maker Rankings to Digital-Asset Platform

DefiLlama, a decentralized-finance data website, has begun offering evaluation data on digital-asset market makers. Cointelegraph reported on August 5 that DefiLlama integrated the market-maker leaderboard of digital-asset analytics firm Forj into it

Analysis: Binance Whale Bitcoin Inflow Ratio Hits Four-Month High

Bitcoin traded between $63,000 and $64,000 while the share of whale inflows to Binance climbed to its highest level in four months. CryptoQuant contributor Darkfost wrote on X on Aug. 5 that Binance’s Whale Inflow Ratio had risen to 0.52, the highest

Taiwan Plans to Apply Travel Rule to Domestic Digital-Asset Transfers From October

Taiwan plans to apply the travel rule to transfers between domestic virtual asset service providers, or VASPs, from October, Cointelegraph reported on Aug. 5. The Financial Supervisory Commission said in a statement on Aug. 4 that it had proposed rev

EU Adds 12 More MiCA-Authorized Crypto Service Providers

The European Union has authorized 12 additional crypto-asset service providers, or CASPs, under its Markets in Crypto-Assets, or MiCA, framework. Cointelegraph reported on August 5 that the European Securities and Markets Authority updated its MiCA r

Analysis: Bitcoin’s Long Era of Beating Stocks May Be Nearing an End

Bitcoin’s long streak of outperforming the stock market over the past 14 years may come under threat this year, according to an analysis. CoinDesk reported on August 5 that the Bitcoin-to-S&P 500 ratio has moved decisively above its 200-week simple m

Iran Says Hormuz Strait Deal Impossible if US Intervention, Military Threats Continue

Iran said talks with Oman over the Strait of Hormuz have made no progress because of US intervention and military threats. BlockBeats reported on August 5 that a source close to Iran's Islamic Revolutionary Guard Corps, or IRGC, cited US involvement

Fairshake-Backed Crypto Candidates Win Primaries in Michigan, Washington

Fairshake, the political action committee backed by the cryptocurrency industry, scored another round of victories in primary elections in Michigan and Washington. Crypto-focused news outlet The Block reported on August 5 that several candidates back

Japan's FSA to Set Up Digital Assets, Stablecoins Division on Aug. 7

Japan's Financial Services Agency will create a dedicated division to oversee digital assets and stablecoins, which are digital assets pegged to fiat currencies, Odaily reported on August 5. The agency plans to launch the Digital Assets and Stablecoi

Bitwise Says Digital-Asset Industry Will Grow Even Without CLARITY Act

The digital-asset industry will keep growing even if the U.S. Senate fails to pass the CLARITY Act, the market-structure bill for digital assets whose path forward remains uncertain. Cointelegraph reported on August 5 that Bitwise Chief Investment Of

Bonanza Factory, VerifyVASP Sign Digital-Asset Compliance Infrastructure Partnership for Financial Institutions

Bonanza Factory, a digital-asset compliance company, said Aug. 3 that it had signed a partnership with global travel rule solutions provider VerifyVASP to build digital-asset compliance infrastructure for South Korean financial institutions. The agre

Analysis: Bitcoin Weakens More Than Usual as Dollar Strength Persists

Bitcoin has been underperforming more than in past periods of dollar strength since May, according to an analysis by Glassnode. Glassnode wrote on X on August 1 that the dollar has continued to strengthen since May, while Bitcoin has posted one of it

Solana Foundation CISO Says AI-Driven Scams Are Emerging as a New Industry Threat

Advances in artificial intelligence are driving a rise in sophisticated phishing and identity fraud, creating a new threat to the industry that depends on deceiving people rather than exploiting technical vulnerabilities. Solana Foundation Chief Info