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Cathie Wood’s ARK resumes Coinbase buying as BTC drops below $50K

ARK Invest is back to buying the Coinbase stock after a long selling period. On Aug. 5, ARK bagged 93,797 shares of the crypto exchange for $17.8 million.

Martin Shkreli-led Trump memecoin DJT plummets 95%

Roger Stone, a close aide to Trump, previously denied any involvement of the former president or his son with the TrumpCoin memecoin.

UK body proposes property category for crypto assets, SEC sued over status of NFTs: Law Decoded

The Law Commission’s final report urges the UK government to reclassify crypto assets, addressing current legal gaps.

Vitalik Buterin unveils plan to solve cross-chain L2 interoperability

“I think people will be surprised by how quickly ‘cross-L2 interoperability problems’ stop being problems,” said the Ethereum co-founder.

Developer says he hacked Atari’s ‘on-chain game’ to prove a point

Kautuk Kundan says he sabotaged the leaderboard of Atari’s Base-developed “on-chain” Asteroids game to prove that crypto games should be verifiable on a blockchain.

OpenAI co-founder leaves for AI rival Anthropic

OpenAI co-founder John Schulman says he's leaving OpenAI to focus more intently on AI alignment and "hands-on technical work" at rival firm Anthropic.

SEC pushes back against Coinbase's 'overly broad' discovery requests

The regulator claims that Coinbase's document discovery requests are overly broad and disproportionate to the needs of the case.

Bitcoin falls to ‘extreme fear’ on Aug. 5 as ETFs outflow $168M

The Crypto Fear and Greed Index recorded a score of 17 out of 100 on Aug. 5 — the lowest it has been since July 12, 2022.

How the Bank of Japan wrecked the yen carry trade — and crypto markets

Why did the crypto market lose 15% of its value in one weekend? Thank the Bank of Japan for playing a starring role.

Bitcoin decline is similar to the start of the 2016 bull run: Peter Brandt

Bitcoin declined by a very similar amount following the halving in 2016 and before the 2017 bull run.

Crypto critics file updated campaign finance complaint against Coinbase

The complainants and Coinbase disagree on whether a government contract to custody seized crypto breaches campaign finance laws or not.

US Bitcoin, Ethereum ETFs hit $6B volume amid market rout

Bitcoin sunk to under $50,000 at the start of US trading on Aug. 5, prompting a huge spike in trading volumes of crypto-related ETFs.

US senators urge CFTC to finalize ban on election betting

It comes as decentralized prediction platform Polymarket has gathered more than $500 million in bets on who will likely win the 2024 United States presidential election.

Trump cautions current administration not to sell Bitcoin

The former president continues to stress that if the United States does not innovate in the digital asset sector, other countries will.

The Bitcoin bottom is not in — BTC traders set price targets in low $40K range

Crypto traders appear to agree that today’s market rout is far from over.

Swan Bitcoin cancels conference amid staff reduction, mining shutdown

According to Swan Bitcoin CEO Cory Klippsten, “it just doesn’t feel like the right time for a festival” after the firm announced staff cuts in July.

US government transfers 300 ETH — Arkham Intelligence

The 300 Ethereum coins were transferred from a wallet identified as “Noman Seleem Seized Funds” by the onchain analytics firm.

Crypto market’s ‘perfect storm’ can lead to further massive capitulation

A rapid decline in the traditional markets has spread to cryptocurrencies, obliterating them with a significant drop in all major assets. What are the possible factors for this perfect storm?

Europe’s fourth largest hedge fund put nearly $500M in Bitcoin ETFs — Filing

Other hedge funds are also reporting sizable positions in Bitcoin exchange-traded funds.

Ethereum price recovery from 8-month low could take longer than expected — Analysts

Several factors accelerated ETH’s drop to $2,100, and analysts warn that the recovery could take some time.

Arizona primary involving crypto Super PAC’s $1.3M is a squeaker

The primary between two Democrats in Arizona’s 3rd Congressional District will likely go to a recount, with money from crypto interests involved in the race.

Elon Musk renews lawsuit against OpenAI, Sam Altman — Filing

Musk claims he was misled about the ChatGPT creator’s true purpose.

Key takeaways from the Golden Boys’ attack on Compound DAO

A group of Compound DAO members called the "Golden Boys" won a narrow vote to manage 5 percent of the DAO treasury on members’ behalf. Here’s what we can learn.

Justin Sun denies liquidation rumors amid market turmoil

Over the weekend, more than $1 billion in futures positions were liquidated from the crypto markets as fears of a looming recession intensified.

Price analysis 8/5: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

Global equity markets witnessed a massive sell-off, pulling Bitcoin and several major cryptocurrencies to unexpected lows.

Bitcoin bulls were obliterated, but is it time to catch the falling knife?

Bitcoin derivatives show traders’ morale is low, weakening the odds of a 20% rise from the $49,320 BTC bottom.

Jump Trading’s Ether dump: Smart move or sign of trouble?

Jump Trading’s aggressive Ether sell-off, coinciding with Japan’s market crash, raises questions about its strategy and market exit.

Ex-Ripple board member, Biden adviser joins Harris campaign: Report

Economics adviser Gene Sperling joined Ripple’s board in 2015 after serving under Presidents Bill Clinton and Barack Obama.

Bitcoin analyst sees seller ‘exhaustion’ as BTC price rebounds 10%

Bitcoin sellers run out of steam and BTC price strength returns at the Wall Street open as US stocks initially avoid copying the fate of their Asian counterparts.

Bitcoin ETF trading volume tops $1B amid crypto crash — Galaxy

Galaxy’s head of research expects the funds to see inflows as investors buy the dip.

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