Digital Asset Treasuries
This Nasdaq-listed crypto firm is swapping fresh Ethereum buys for an AI pivot
Intchains is betting a new mining chip and early-stage AI expansion can rebuild growth after revenue fell 94%.
Sentiment: Neutral
Latest stories
Legal
Justin Sun keeps World Liberty fight public as its $4 billion stablecoin bank awaits final approval
Justin Sun’s lawsuit stays public as World Liberty moves its $4 billion USD1 stablecoin toward final federal bank approval.
Derivatives
US rule rewrite looms for $200B on-chain venue Hyperliquid as Trump signals onshore approval
The CFTC is exploring a legal path for Hyperliquid as Trump pushes to bring the $200 billion-a-month on-chain venue into the US.
Interview
SEC’s latest crypto rules only open a few of Wall Street’s ‘million doors’ – Bitwise CIO Matt Hougan
Bitwise CIO Matt Hougan says Wall Street’s crypto adoption now depends on fixing old trading rules and fragmented market infrastructure.
Mining
Zcash miner buys 9.4% of merger target that warns failed deal could end in liquidation
The private placement gives Zcash miner Fortitude 9.4% at a 22% premium while HeartSciences’ vote date remains unset.
Digital Asset Treasuries
Datavault wants to buy a bank and fund it with $35 million after reporting $1.4 million cash
The proposed BankWyse acquisition requires fresh closing finance while Datavault's going-concern warning remains unresolved.
AI
This Bitcoin miner just signed a $350 million AI deal, but it needs $185 million to make it work
HIVE must complete a massive Nvidia buildout before most of the contract can start generating revenue.
Bankruptcy
SEC faces Aug. 20 deadline to unlock $123 million recovery fund for Terra investors
The money has already been collected from Jump Crypto subsidiary Tai Mo Shan, but the regulator still has to decide who qualifies.
Crime
FBI gets alleged $165 million crypto Ponzi scheme mastermind back after year-long Fiji escape
Prosecutors say Edward Zimbardi diverted investor funds into forex bets, luxury vehicles and payments to earlier investors.
Featured
Bitcoin miner Ionic gets 90% of revenue from AI lease as BTC drives $35M loss
AI infrastructure leasing supplied nearly all of Ionic Digital's Q2 revenue, while a $28.2 million Bitcoin valuation loss weighed on earnings.
Digital Asset Treasuries
Trump wants the US to become a Bitcoin whale, but Congress controls the wallet
The White House can expand how crypto enters federal custody, but a multibillion-dollar buying program still needs lawmakers to unlock funding or purchase authority.
Market
Bitcoin flashes 8 capitulation signals, but traders just spent $552 million protecting against another crash
VanEck says Bitcoin may be entering the later stages of its bear market, yet options traders are paying near-record premiums for downside insurance.
