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Crypto
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Bitcoin-Gold Correlation Hits Six-Year High as Debasement Fears Mount
Bitcoin’s correlation with gold has reached a six-year high, Bitcoin Magazine reports, as concerns over currency debasement and confidence in the U.S. dollar shape trading in both assets.
Japanese Company Sells Ethereum, Solana and XRP While Retaining $121 Million in Bitcoin
A Japanese company sold its Ethereum, Solana and XRP holdings for ¥878.8 million, while keeping $121 million in Bitcoin. Management may use the proceeds beyond cryptocurrency, leaving its portfolio Bitcoin-only.
CFTC Seeks Dismissal of CME Lawsuit Over Crypto Perpetual Futures
The CFTC has filed to dismiss CME Group’s lawsuit over crypto perpetual futures, arguing that CME lacked standing and criticizing its claims as “much ado about nothing,” Cointelegraph reported.
PONS Becomes Robinhood Chain’s Largest Token After 18,000% Rise Since July
PONS has overtaken CASHCAT as Robinhood Chain’s largest cryptocurrency by market capitalization after rising 18,000% since July. The token is linked to the chain’s biggest meme coin factory.
French Hill Sees Bipartisan Route for Clarity Act Before September Vote
French Hill said Democrats and Republicans have narrowed their differences over the Clarity Act, raising the prospect of bipartisan progress before a September vote, Bitcoin Magazine reported.
BIS Analysis Challenges XRP Supply-Squeeze Expectations on XRPL
A BIS-related analysis reported by CryptoSlate says one XRP Ledger transaction can authenticate thousands of datasets, allowing institutional-style usage to grow while keeping fee burns—and any resulting supply squeeze—small.
Mantle Adds Paxos-Issued USDG and Joins Global Dollar Network
Mantle has added Paxos-issued USDG as a natively minted stablecoin and joined the Global Dollar Network’s reward-sharing structure, according to Cointelegraph. The development links USDG, Mantle and the broader stablecoin market.
Michigan Keeps Legal Challenge Against Kalshi Alive as Supreme Court Battle Nears
Michigan authorities continue their effort to block Kalshi as a potential Supreme Court fight approaches. Kalshi previously said federal instructions to disregard a June state restraining order left it in an “impossible position.”
What Solana’s Failed Fee Vote Reveals About Anatoly Yakovenko’s Power
A majority supported a Solana fee reform, but the proposal failed under the network’s supermajority rule. CryptoSlate said the result left implementation authority with validators and stakers, highlighting limits on Anatoly Yakovenko’s influence.
Kraken and SoFi Connect Crypto Trading With Banking Services
Kraken and SoFi agreed to connect crypto trading with banking and payment infrastructure. The initiative follows SoFi’s bitcoin-trading launch last year and is intended to support broader digital-asset markets.
Bitcoin Reclaims $80K as Dollar Weakens Amid Suspected Yen Intervention
Bitcoin gained 5% and reclaimed $80,000 as the US dollar weakened amid suspected Bank of Japan intervention in the yen. Analysts remain split on the broader impact of the currency-market development.
ChatGPT, Claude and Grok Return After Disruptions Disrupt User Workflows
ChatGPT, Claude and Grok restored service Thursday after simultaneous disruptions halted some users’ work. Decrypt said the outages renewed questions about relying on multiple AI platforms, while providing no cause or duration details.
