Crypto & Digital Assets

Bitcoin, ether, stablecoins, CBDCs and the regulated edge of digital money.

43 report(s) in the archive

Nasdaq slips as the Treasury bid fades, but crypto equities run the other way

The August 20 session split: bond-sensitive tech gave ground while bitcoin-linked shares rallied and energy-land owner LandBridge hit a record.

The Nasdaq fell in the August 20 session as a rally in US Treasuries — which had been pushing yields down — ran out of steam, while crypto-linked equities climbed with bitcoin.

MARKET REPORT

Trump Throws White House Weight Behind Crypto Market-Structure Bill as Bitcoin Jumps 5.5%

President presses Congress on the stalled Clarity Act during an Innovation Advisory Committee gathering of exchange chiefs; HYPE surges 11% after Trump says CFTC Chair Selig is working to onshore Hyperliquid's perpetual futures venue.

A White House crypto event turned into a policy catalyst: Trump publicly urged Congress to advance the Clarity Act, which has stalled in the Senate over provisions that fail to constrain the president's own digital-asset ventures. Bitcoin rallied 5.5% and Hyperliquid's HYPE token jumped 11% on comments that the CFTC is working to bring the offshore perpetuals platform into the U.S. regulatory perimeter.

SPECIAL REPORTBULLISH

PBOC Triples Digital Yuan Bank Roster in 2026 as CBDC Infrastructure Scales

Eight additional operators join this week, bringing 2026 additions to twenty and marking Beijing's most aggressive push yet to embed the e-CNY across the domestic banking system.

The People's Bank of China added eight banks to its digital yuan operator network this week, the second expansion round of the year and part of a tripling of the roster year-to-date. The buildout signals a strategic shift from pilot phase to systemic infrastructure, with implications for cross-border settlement and payments incumbents.

SPECIAL REPORT

SEC Moves on Two Fronts: Tricolor Enforcement and a Crypto Offering Framework

Regulator sues former executives of the collapsed subprime auto lender while proposing tailored disclosure rules for certain digital asset offerings

The Securities and Exchange Commission filed charges against former executives of failed auto lender Tricolor and simultaneously advanced a bespoke rulemaking for crypto asset offerings, signalling parallel tracks of enforcement against subprime credit misconduct and accommodation for tokenized capital formation.

BREAKING STORY

Canaccord Cuts Crypto-Adjacent Targets as Digital Asset Headwinds Bite

Price target reductions on Bullish and SharpLink Gaming signal that the sell-side is marking down valuation frameworks across crypto-levered equities, while Paramount's $1.88 billion bond demand and Endeavour Mining's slide widen the risk canvas.

Canaccord lowered price targets on Bullish, citing crypto headwinds, and on SharpLink Gaming on valuation grounds — a coordinated de-rating of digital-asset proxies. Separately, Paramount is seeking a $1.88 billion bond in the Warner Bros. merger antitrust litigation and Endeavour Mining fell sharply, underscoring event-driven dispersion beneath a calm index surface.

BREAKING STORYBEARISH

Capital Rotation Report: AI Absorbs the Speculative Bid as Credit and Insider Signals Flash Caution

Artificial intelligence narratives are draining flow from digital assets while BDC valuations question private credit marks and executives across Disney, PBF and AppFolio trim exposure.

Speculative capital is consolidating into AI at crypto's expense, even as BDC market pricing signals skepticism toward private credit valuations and a cluster of insider sales points to cooling conviction at the top of the cycle.

SPECIAL REPORTBEARISH

Indices Stall at Resistance as Cross-Asset Trends Turn Listless

The Nasdaq 100 was rejected at 30,326 and the Dow tested Fibonacci support near 53,547, while copper, natural gas and bitcoin all coiled inside narrow ranges signalling a market awaiting a catalyst.

Equity benchmarks failed at overhead resistance and cross-asset momentum faded, with copper, natural gas, gas oil and bitcoin all trading in compressed ranges as directional conviction thinned.

MARKET REPORT

Corporate Crypto Treasuries Diverge as Bitmine Adds Ether and Trump Media Walks Away From Bitcoin

Tom Lee's Bitmine buys another $19 million of Ethereum, pushing its stash toward 5% of total supply, while Trump Media abandons its bitcoin treasury strategy and slides 4% — a widening split in the digital-asset balance-sheet trade.

The corporate digital-asset treasury playbook is bifurcating. Bitmine, chaired by Tom Lee, added $19 million in Ethereum, bringing its holdings close to 5% of circulating supply and doubling down on a concentrated accumulation strategy. Trump Media moved the opposite way, abandoning its bitcoin treasury bet and falling 4%, while Rumble gained 4%. In parallel, DeFi lender Compound committed $52 million and installed new leadership in a pivot toward institutional capital, and HIVE Digital surged 11% on a $350 million GPU cloud contract as miners rotate toward AI compute.

SPECIAL REPORT

Prediction Markets and Crypto Face a Widening Compliance Squeeze

JPMorgan's debanking of Polymarket, Kalshi's clash with Nevada over geofencing penalties, a 200,000-customer breach at Israel's Bits of Gold and Trump Media's retreat from bitcoin mark an inflection in digital-asset risk pricing.

A cluster of disclosures has exposed the operational and regulatory fragility of the digital-asset and prediction-market complex. JPMorgan cut banking ties with Polymarket over regulatory concerns, Kalshi is contesting a Nevada geofencing fine, Israel's largest crypto broker suffered a breach exposing personal and bank data on 200,000 customers, and Trump Media is pivoting away from bitcoin after nearly $200 million in losses.

BREAKING STORYBEARISH

Steepening Curve Puts 20-Year Auction on Trial as Global Yields Hit Bitcoin-Era Highs

A US 20-year bond sale arrives into the steepest curve of the cycle, while global long-end yields reach levels never before experienced during Bitcoin's entire existence — a structural stress test for duration-sensitive and speculative assets alike.

The Treasury's 20-year auction becomes the session's marquee risk event as term premium rebuilds and the curve steepens. Simultaneously, global bond yields have reached levels unseen since Bitcoin's 2009 inception, removing the zero-cost-of-capital backdrop that underpinned the entire digital asset era.

BREAKING STORYBEARISH

AI Compute Demand Redraws the Map for Chipmakers and Bitcoin Miners

Riot Platforms' $9bn Anthropic compute agreement and a VMware-driven Broadcom sell-off highlight how artificial-intelligence infrastructure economics are now the dominant valuation input across two previously unrelated sectors.

A landmark $9 billion compute contract between Riot Platforms and Anthropic accelerates the repricing of bitcoin miners as data-center operators, while Broadcom's VMware-related weakness is being framed by analysts as a buying opportunity within the AI semiconductor complex.

SPECIAL REPORTBULLISH

XRP Slides Toward the Dollar Mark as Digital Asset Risk Appetite Deteriorates

The token trades near a 52-week low around $1 with analysts arguing valuation remains unattractive even after the drawdown, signalling continued unwinding of speculative crypto positioning

XRP is trading near a 52-week low of approximately $1, with commentary suggesting the asset may not represent value even at that level. The decline reflects broader risk-off dynamics in digital assets and stands in contrast to resilient equity index levels.

BREAKING STORYBEARISH
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