A $2 million bet on XRP volatility crosses the tape as prices surge
An options trader opened a large straddle on XRP, betting on wild price swings by Aug. 28. Source:CoinDesk
Bitcoin breaks above 200-day moving average for first time since November
The BTC price reclaimed its 200day moving average for the first time in nine months as its rally gained momentum after the US Treasury expanded its bond…
Binance opens crypto trading to AI agents with user-set controls
Binance’s Agent OS lets AI agents access market data, execute trades and make payments while giving users control over permissions and account access.…
Sports betting to build wealth is becoming the new American dream
More people under 30 are using gambling as a shortcut to buying a home or paying student loans Source:MarketWatch
US debt tops $40T stoking debate on what it means for Bitcoin
Analysts say the $40 trillion debt milestone could bolster Bitcoin’s longterm case, even as Treasury yields, dollar strength and liquidity remain key nearterm…
Apple has gotten too predictable. Can its next CEO bring back the element of surprise?
Wall Street is hoping that John Ternus will shift Apple’s AI strategy by spending more, pursuing larger mergers and doubling down on innovation.…
The rise in interest rates hit a ‘raw nerve’ at the White House. Bessent’s plan has analysts on edge.
U.S. Treasury Secretary Scott Bessent has made waves this week with his plan to at least double his department’s buybacks of longerdated Treasury bonds.…
Treasury buybacks could set up Bitcoin’s next move toward $180,000, says strategist
Longtime bond market investor Mark Connors sees routine government bond buybacks improving liquidity and bringing bitcoin’s next rally closer. Source:CoinDesk
Optimism moves 546.9M OP from future airdrops to ecosystem growth fund
The governance vote redirects tokens previously reserved for user airdrops toward partnerships, incentives and Optimism’s growing institutional push.…
Bitcoin price reaches $72.5K as US issues ‘Economic D-Day’ threat to Iran
Bitcoin saw new multimonth highs above $72,500 even as US stocks cooled amid US threats of “economic warfare” with Iran. Source:Cointelegraph
Bitcoin's jump above $71,000 sets up bullish golden cross pattern
Bitcoin’s improving momentum could produce a golden cross, but the rally still faces an important test. Source:CoinDesk
Crypto for Advisors: What are tokenized deposits?
Banks are moving deposits onchain using permissioned systems, not open ones. See why privacy and compliance dictate this path in this week's newsletter.…