Bitcoin Drops Below $79,000 as Traders Bet on a Fed Rate Hike
Bitcoin slipped below $79,000 as traders priced in a Federal Reserve rate hike, while spot ETF inflows cooled to $232.1 million after an eight-day, $2.8 billion streak.
Markets
Price action and volatility, trading volumes and liquidity, ETFs and institutional flows, on-chain metrics, listed crypto equities and earnings, macro cross-asset context.
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Kalshi Raised $1.12 Billion via Private Equity Offering Since April, SEC Filing Shows
A new SEC Form D filing shows Kalshi raised $1.12 billion in equity since April, well past earlier reports it was seeking $750 million at a $40 billion valuation.
Bitcoin Hits $80,000 for the First Time Since May as Crypto Recovery Accelerates
Bitcoin crossed $80,000 for the first time since May, extending a rally traders link to dollar weakness and Treasury bond buybacks — while Solana jumped 8% and the options market flagged overbought signals.
Strategy Sells $2 Billion of MSTR Stock, Builds New USD Cash Pool, Skips Bitcoin Again
Strategy sold $2 billion of MSTR stock last week and funneled the proceeds into a new USD Cash pool and preferred-stock buybacks, leaving its 840,447 BTC stack untouched for another week as bitcoin pushed toward $80,000.
Japan’s SBI Leads $68M Fasset Round, Pushing Stablecoin Neobank to $1B Valuation
Stablecoin neobank Fasset raised a $68M Series C led by Japan's SBI Group at a $1B valuation, with plans for a Malaysia digital bank and expanded cross-border stablecoin payments.
XRP Posts Biggest Weekly Gain in 21 Months as Treasury Buyback Stirs ‘Curve Control’ Trade
XRP surged roughly 50% this week, its best weekly performance since November 2024, as traders tied the move to a US Treasury buyback program and speculation that officials may be engineering lower long-term borrowing costs.
Tether’s $120 Million Uruguay Bitcoin Mining Project Collapsed Over a Power Contract Dispute
Tether's $120 million bitcoin mining buildout in Uruguay shut down after state utility UTE cut power over a contract dispute, Reuters reported — a rare public setback for the stablecoin issuer's mining push.
Crypto Card Spending Tops $1 Billion as Stablecoins Move Into Everyday Purchases
Stablecoin-linked card spending crossed $1 billion in July for the first time, with USDC and USDT funding over 70% of transactions as crypto rails reach grocery aisles and ride queues.
Bitcoin and Ether ETFs Draw $2.6 Billion in Strongest Inflow Week Since October, Tripling Volume
US spot bitcoin and ether ETFs pulled in $2.6 billion combined over the past week — their strongest inflow week since October — as weekly trading volume more than tripled to $29 billion alongside a sharp price rally.
BitMart Weighs Partial Restart and Creditor Payouts Weeks After Shutdown
BitMart has hired White & Case as restructuring counsel and aims to publish a partial-restart and creditor-payout roadmap by September 9, weeks after announcing its shutdown.