Here are some of the latest crypto news updates:
Market Updates
- Bitcoin Price: Bitcoin is currently trading around $117,611, with a slight 1% drop in the last 24 hours. The global cryptocurrency market cap stands at $3.92 trillion, marking a 5.1% drop in the past 24 hours.
- Crypto Market Sentiment: The Fear & Greed Index remains unchanged at 63, showing no shift in market sentiment since yesterday ¹.
Regulatory News
- US SEC 'Project Crypto': The US SEC has rolled out 'Project Crypto' to rewrite rules for digital assets, aiming to modernize the SEC for 21st-century finance.
- Hong Kong Stablecoin Licensing: Hong Kong has opened stablecoin licensing, with banks and brokers rushing in to take advantage of the new regulations ² ³ ⁴.
Institutional Investments
- Strategy's Record-Breaking Q2 Earnings: Strategy, the largest BTC holder, reported a record-breaking $10 billion profit in Q2, driven by the surge in Bitcoin's price.
- Tether's Q2 Profit: Tether posted a $4.9 billion profit in Q2 as stablecoins go mainstream ² ⁵.
Other News
- Ethereum's 10th Anniversary: Ethereum celebrated its 10th anniversary, marking a decade of innovation and growth in the blockchain space.
- Kraken's IPO Plans: US crypto exchange Kraken is set to raise $500 million prior to a 2026 IPO, led by co-CEO Arjun Sethi ¹.