Crypto market update August 7: Cardano jumps while XRP slips as crypto ETF inflows near $1 billion
The crypto market is showing mixed momentum today as Cardano leads gains, XRP extends losses, and Bitcoin trades near $65,000.
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XRP+2 moreThe crypto market is showing mixed momentum today as Cardano leads gains, XRP extends losses, and Bitcoin trades near $65,000.
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Crypto whales are increasing their Bitcoin, Ethereum, and XRP holdings despite weak prices. New on-chain data suggests the market could be nearing the final stage of the current bear cycle.
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Two new Solana governance proposals have entered the discussion phase. If approved, they could reduce SOL issuance, increase token burns, and change the network's long-term token economics.
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The Bitcoin Red Team found nearly 5,000 vulnerabilities across 390 open-source projects, highlighting the need for stronger Bitcoin software security.
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The U.S. will release its July jobs report today, and Bitcoin traders are watching closely. A weak jobs number could boost BTC again, while strong employment data may pressure the crypto market.
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The U.S. Senate has officially delayed the CLARITY Act vote until September. The decision extends uncertainty over crypto regulation and could keep Bitcoin and the broader crypto market on edge.
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Bitcoin climbed closer to $65,000 on August 6 as strong ETF inflows and improving market sentiment supported prices. Ethereum also gained, while Pi Network emerged as one of the day's top-performing cryptocurrencies.
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The U.S. Senate has only a short time left to vote on the CLARITY Act before its August recess. The outcome could shape the future of crypto regulation in the United States.
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Fundstrat's Tom Lee says quantum computers could become a threat to Bitcoin by 2028. However, Bitcoin experts believe the risk is limited and not an immediate danger to the network.
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Russian President Vladimir Putin has signed a new crypto law that allows regulated retail cryptocurrency trading while keeping the country's ban on using crypto for everyday payments.
World Chain is launching streamed EIP-7928 block access lists to speed up blockchain validation, improve scalability, and reduce validator costs ahead of Ethereum.
The Bitcoin Red Team has found 85 critical security flaws across nearly 390 open-source Bitcoin projects after the recent Coldcard wallet exploit.
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The S&P 500 reached a new record high after a strong four-day rally. Market analysts say this rare pattern has appeared only three times before, including during the dot-com bubble.
Italy's biggest bank, Intesa Sanpaolo, nearly tripled its investment in a staked Ethereum ETF during the second quarter while reducing its holdings in BlackRock's spot Bitcoin ETF.
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Ethereum developers have proposed a new staking model that could cut validator rewards by up to 50%, sparking debate over ETH issuance, decentralization, and network security.
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Bitcoin climbed above $64,000 on August 5 as spot Bitcoin ETF inflows continued for a second straight day. Meanwhile, PUMP and Hyperliquid (HYPE) led the altcoin market with strong daily gains.
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Bitcoin traders are watching today's U.S. Treasury funding plan as lower bank reserves could affect market liquidity and crypto prices.
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Bitmine bought another $19.6 million worth of Ether and repurchased 4.5 million shares as it moves closer to owning 5% of ETH's total supply.
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BlackRock has launched a tokenized money market fund on Solana and Ethereum to support stablecoin reserves with cash and U.S. Treasury assets.
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A new Solana proposal could increase daily SOL burns from about $47,000 to as much as $650,000 while also reducing new token issuance.
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Jim Cramer says he will sell his Bitcoin because of quantum computing risks. However, Bitcoin has stayed near $64,000 as many investors dismiss the warning.
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Bernstein says a delay in the CLARITY Act could lead to a short-term Bitcoin and crypto selloff. Still, the firm expects the market to recover later this year.
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Strategy sold 1,638 BTC worth $104.7 million to build a $4 billion cash reserve and support its long-term Bitcoin strategy.
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Flare brings XRP deeper into DeFi as FXRP becomes the first XRP collateral approved for institutional RLUSD lending on Ethereum.
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