News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
XRP price poised to surge as ETF approval odds hit 85% – is a breakout to new all-time highs just around the corner?
Quick Take Katie Hobbs, the Democratic Governor of Arizona, blocked a bill that would have allowed public funds in the state to invest up to 10% of their capital in virtual currencies. Several other states are weighing similar bitcoin reserve legislation, though none have yet been signed into law.
Quick Take AdTech firm Thumzup, which began accumulating bitcoin at the start of the year as a treasury asset, is offering up to $200 million to investors to buy more bitcoin. The Strategy-inspired play has recently been copied by a variety of other companies, seeking to hold several different assets. The publicly-listed company trades on Nasdaq at a market capitalization of around $48.5 million.
Quick Take Following a legal defeat in its court case against Epic Games, Apple has loosened rules around in-app purchases for users in the U.S. App developers now may direct customers to make purchases using external sites not subject to Apple’s 30% fee on in-app purchases. Apple said it will appeal the ruling, which could open the door to a new wave of NFT and crypto apps.
$TRUMP forms symmetrical triangle with support at $12.10 and resistance at $13.40. RSI remains below 45; MACD shows minimal momentum, indicating consolidation. Break above $14.22 targets $15.48; drop below $12.10 risks fall to $11.00–$11.20 zone.
Pi Network (PI) struggles to maintain momentum as bearish indicators dominate the chart. Price action stays below the cloud, with key support in focus.
Bitcoin is nearing $100K, but unlike previous euphoric rallies, the current rise is more deliberate, driven by institutional buying and lower volatility. This shift suggests a longer-term trend toward Bitcoin becoming a key asset in the financial system.
Despite rumors of a $20 billion buyout offer from Ripple for Circle, there’s no evidence to support the claim, and the market response has apparently been minimal.
In Brief Worldcoin introduces eye-scanning ID verification in six large U.S. cities. Regulatory and market dynamics impact the technology's adoption and interest. Partnerships suggest further integration of Worldcoin’s solution in diverse sectors.
- 13:52JPMorgan: Bitcoin Mining Profitability Reached Highest Level Since Halving Last MonthAccording to ChainCatcher, citing a report from CoinDesk, JPMorgan (JPM) released a research report on Friday indicating that Bitcoin miners saw another strong performance in July, with profitability reaching its highest level since the last halving event. In July, Bitcoin miners earned an average daily income of $57,400 per EH/s from block rewards, a 4% increase compared to June and the highest level since the halving. However, daily income and gross profit per EH/s were still 43% and 50% lower, respectively, than pre-halving levels. The average monthly network hash rate rose by 4% in July to 899 EH/s, after declining in June due to higher temperatures. At the end of last month, mining difficulty increased by 9%, up 48% compared to before the last halving event. Among the thirteen US-listed mining companies tracked by the bank, ten outperformed Bitcoin in July. In terms of stock performance, Argo Blockchain (ARBK) stood out with a 66% increase, while Core Scientific (CORZ) underperformed, falling by 21%.
- 13:52Fed’s Harker: Jobs Report “Disappointing,” But Doesn’t Mean a Rate Cut Is Warranted This WeekChainCatcher reports that 2026 FOMC voting member and Cleveland Fed President Loretta Mester stated in an interview with Bloomberg that Friday’s nonfarm payroll report was “disappointing,” but this does not mean the Federal Reserve should cut rates at this week’s policy meeting. She said, “I am confident in the decision we made earlier this week. Although July’s employment data was weaker than expected, we must take a comprehensive view of the data. When I look at the current situation, I find that the labor market remains basically balanced. Once again, today’s report is just one report, and with inflation still too high, it is crucial to continue monitoring labor market conditions.”
- 13:39JPMorgan: Bitcoin Miner Profitability in July Reaches Highest Level Since Last HalvingAccording to a report by Jinse Finance, Wall Street bank JPMorgan has disclosed that Bitcoin miners’ profitability in July reached its highest level since the last halving event, with average daily block reward revenue at $57,400 per EH/s, marking a 4% increase compared to June. In terms of stock performance, ten U.S.-listed mining companies outperformed Bitcoin in July, with Argo Blockchain (ARBK) delivering an impressive 66% gain, while Core Scientific (CORZ) underperformed, falling by 21%.