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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.
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 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.
The CFTC has asked a judge to dismiss CME’s lawsuit over the approval of Kalshi’s Bitcoin perpetual contract, arguing CME has not shown concrete financial harm needed to challenge the decision.
Analyst Willy Woo suggests Bitcoin could be moving from its traditional four-year cycle toward a six-to-eight-year macro rhythm. Recent research, however, indicates that the established pattern may still be present.
Bitcoin rose above $81,000 on Thursday, while crypto-linked stocks also advanced, Bitcoin Magazine reported. The move marks another rally for bitcoin and a broader positive reaction across related equities.
Bitcoin and stocks rose after Fed Governor Christopher Waller said he could support holding rates steady. The rally triggered roughly $415 million in short liquidations across the crypto market, according to Decrypt.
Standard Chartered has added institutional spot trading for Bitcoin and Ethereum to its Dubai FX platform. CoinDesk reports that the cryptocurrencies are available through the bank’s existing eFX infrastructure used for dollar and euro trading.
Standard Chartered has launched bitcoin trading in the United Arab Emirates, Bitcoin Magazine reports. The UAE joins other markets where the bank has introduced spot bitcoin trading in recent years.
Glassnode data shows 68% of Bitcoin’s circulating supply is profitable near $77,381, up from 65% in May. The increase represents roughly 600,000 BTC, valued at about $47 billion, that could be sold at a gain.
CoinDesk’s Sept. 3 market outlook says foreign exchange markets no longer interpret bond yields conventionally and suggests Bitcoin may warrant a similar analytical approach. No specific yields, currency pairs, BTC price or forecast were provided.
A stronger yen is contributing to broad U.S. dollar weakness and a lower Dollar Index, a backdrop that is currently supporting bitcoin and gold, CoinDesk reports.
Bitcoin moved above $79,000 as interest rates fell and the dollar weakened. CoinDesk said markets are now focused on next week’s inflation data, which could be more important than tomorrow’s employment report for Fed policy.
Bitcoin rose above $81,000 as rates declined and the dollar weakened. CoinDesk said next week’s inflation data, rather than tomorrow’s employment report, will be key to expectations for Federal Reserve policy.
Standard Chartered has launched institutional spot trading for Bitcoin and Ether in the UAE, Cointelegraph reports. The bank said it is the first major global bank to provide this access in the region.
