
Bitcoin Stalls Below $78,000 as ETF Outflows and Long Liquidations Rise
Bitcoin is trading near $77,500 as ETF outflows extend to four days and long liquidations increase. Analysts are watching $80,000 as the next key resistance level.
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Bitcoin is trading near $77,500 as ETF outflows extend to four days and long liquidations increase. Analysts are watching $80,000 as the next key resistance level.

A user on X (formerly Twitter) claims to have discovered a Bitcoin wallet containing 200 BTC. The wallet's current value is approximately $12.6 million at current exchange rates.

Ethereum co-founder Vitalik Buterin has outlined new privacy measures for the network, aiming to enhance user security and adoption. These updates could make transactions more private while maintaining compliance with regulations. The changes include zero-knowledge proofs and improved encryption.

Venice's crypto AI services are generating significant revenue, with a $200M annualized run rate from subscriptions and API usage. The platform's daily token throughput has tripled over three months, indicating strong growth.

The US Treasury has sanctioned members of the Sinaloa Cartel for using cryptocurrency to launder drug money. This move highlights the growing intersection of crypto and illicit activities.

Former President Donald Trump has directed the Federal Reserve to review crypto firms’ access to payment systems, potentially impacting how crypto companies operate. This could lead to stricter regulations or more open access to traditional banking services for crypto firms.

Onchain trading of tokenized stocks surged to a new all-time high of $3.57 billion on Monday. This growth reflects increasing interest in crypto-based stock trading platforms.

Tether, the company behind the USDT stablecoin, has bought SoftBank’s 26% stake in Twenty One Capital, a Bitcoin-focused firm. This move expands Tether’s influence in Bitcoin lending, mining, and capital markets.

SpaceX disclosed holding 18,712 bitcoin worth $1.29 billion in its IPO filing. This is the first time the company has publicly detailed its crypto assets.

South Carolina has banned state agencies from using central bank digital currencies (CBDCs) and passed protections for Bitcoin miners. The new law prevents discriminatory zoning and licensing rules against miners, ensuring their operations are treated fairly.

Pink Brains has launched a new platform to teach cryptocurrency basics using AI. The service aims to simplify complex crypto concepts for beginners, making it easier to understand the technology and its applications.

LunarCrush highlights that combining social momentum with market performance can identify top-performing cryptocurrencies. Zcash (ZEC) is currently topping their AltRank due to recent bullish discussions on Bankless.

Japan’s ruling party is pushing for stablecoins and tokenized deposits to modernize payments and reduce dependence on foreign financial systems. This move aims to protect the yen and streamline domestic transactions.

Analytics firm Glassnode warns that nearly 10% of Bitcoin's supply could be compromised by a quantum computing breakthrough. The firm recommends implementing quantum-resistant solutions like BIP-360 to mitigate this risk.

The European Commission is reviewing its crypto regulations under MiCA and wants public input by August 31. This could lead to updates affecting how crypto is used and regulated in Europe.

The European Commission is asking for public input on whether its crypto regulations, known as MiCA, still work as markets and global policies change. This review could lead to updates affecting how crypto is used and regulated in the EU.

Ethereum is the top blockchain for tokenizing real-world assets (RWAs), with $65 billion in activity. The market is still competitive, with multiple chains vying for institutional adoption.

The CFTC has sued Minnesota after Governor Tim Walz signed a law banning prediction markets. This legal battle could impact the future of decentralized prediction platforms in the U.S.

Bitcoin's price remains strong, but signs of slowing demand and crowded long positions suggest the rally may be losing steam. Weakening ETF inflows and spot market demand are key indicators to watch.

Bitcoin miners are becoming key players in AI infrastructure, controlling 27 GW of power and $90 billion in AI deals. This shift highlights their strategic advantage as electricity demand for data centers soars.