🔍Corporate Shift to AI and Balance Sheet Losses Drive Crypto Consolidation

Bitcoin is currently trading at 63325, representing a minor 24-hour gain of 0.03. This minimal change points to a period of short-term market consolidation, suggesting that market participants are adopting a cautious approach as trading volumes and directional momentum temporarily plateau in search of clearer macroeconomic or regulatory triggers. The broader market landscape highlights a significant structural trend: a corporate migration of interest and infrastructure from pure-play crypto operations toward artificial intelligence. This is illustrated by Anthropic signing a massive 9.1 billion dollar partnership with miner Riot Platforms, alongside other firms transitioning to high-performance computing. At the same time, substantial balance sheet losses from entities like Trump Media, which posted a 238 million dollar quarterly loss linked to its digital asset exposures, underscore the financial risks of holding volatile assets, potentially discouraging conservative corporate adoption while shifting capital toward AI-focused infrastructure. - The marginal 0.03 change in the Bitcoin price to 63325 reflects short-term consolidation and market indecision. - Crypto-native companies and miners are increasingly pivoting to AI infrastructure to hedge against crypto volatility and secure recurring revenue. - Significant corporate losses related to Bitcoin holdings, such as the 238 million dollar quarterly loss of Trump Media, highlight the balance sheet risks of holding volatile digital assets.

Curve DAO: LlamaLend launches svZCHF borrowing market - 12 Aug 2026

Curve DAO: LlamaLend launches svZCHF borrowing market - 12 Aug 2026

Curve Finance announced that a new LlamaLend market will go live, allowing users to borrow crvUSD against yield-bearing svZCHF collateral. The announcement says the market is scheduled to go live within nine hours.The market adds a direct borrowing venue for crvUSD and gives Curve's lending infrastr…

Crypto companies urge AI firms to give Bitcoin developers early access

Crypto companies urge AI firms to give Bitcoin developers early access

A group of cryptocurrency companies has urged frontier artificial intelligence (AI) labs to give Bitcoin developers early access to their most capable models.The letter, published by the Bitcoin Policy Institute (BPI) on Monday, said many digital asset defenders, including Bitcoin Core developers, l…

Tim Draper Says Bitcoin Is Headed for ‘Infinity’ Against Dollar as Growing BTC Payments Could Trigger Bank Runs

Tim Draper Says Bitcoin Is Headed for ‘Infinity’ Against Dollar as Growing BTC Payments Could Trigger Bank Runs

Venture capitalist Tim Draper projected on Tuesday that Bitcoin will go to infinity against the dollar in a fundamental global shift.Draper Confident About Bitcoin AdoptionIn an X post, Draper attached a screenshot of a March announcement about Jack Dorsey-led Block Inc. ) launching Bitcoin payment…

Valour Digital Securities Limited:  Compulsory Redemption by the Issuer

Valour Digital Securities Limited:  Compulsory Redemption by the Issuer

Valour Digital Securities Limited / Key word(s): OtherValour Digital Securities Limited: Compulsory Redemption by the Issuer12-Aug-2026 / 11:29 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by - a service of .The issuer is solely …

New York City Launches Sweeping Investigation Into Polymarket and Kalshi — WSJ

New York City Launches Sweeping Investigation Into Polymarket and Kalshi — WSJ

Kevin T. Dugan and Katherine LongThe New York City Council is investigating four prediction markets for alleged deceptive marketing practices and targeting minors, opening a new front in the bitter, state-by-state legal war over prediction-market regulation.City Council Speaker Julie Menin sent lett…

Bitcoin miners earn under 0.7% of revenue from fees in new 10-year low

Bitcoin miners earn under 0.7% of revenue from fees in new 10-year low

Bitcoin (BTC) transaction fees now account for just 0.69% of miner revenue as major players pivot to AI.Key points:Bitcoin miners now rely on block subsidies more than at any time in the past decade, data shows.Bitcoin hash rate has declined by 33% since October 2025.Analysts warn that miners switch…

XRP Price Prediction: Can Ripple Reach $3 in 2026?

XRP Price Prediction: Can Ripple Reach $3 in 2026?

XRP traded at $1.02 today. At that level, the token was approximately -70% below its 2025 peak near $3.50. A return to $3 in 2026 for Ripple would therefore depend on a recovery in price momentum as well as the institutional and regulatory factors that underpin the more bullish forecasts.Worryingly,…

NYC Council probes Polymarket over alleged predatory marketing practices

NYC Council probes Polymarket over alleged predatory marketing practices

By Pritam BiswasNew York City Council Speaker Julie Menin has accused major prediction market startups of using predatory marketing practices to exploit young traders, according to a letter sent to Polymarket that shows the council has opened an investigation into the allegations.The letter from Men…

Binance, RedotPay clash over fate of Singapore lawsuit

Binance, RedotPay clash over fate of Singapore lawsuit

Binance and RedotPay are disputing whether a Singapore case related to their nearly $473 million Hong Kong legal battle is coming to an end.The stablecoin payments card issuer told Cointelegraph on Tuesday that it expects Binance to discontinue the Singapore proceedings following a hearing on Aug. 7…

Ripple Ex-CTO Says Cheating Turns Bitcoin Miners’ ASICs Into Space Heaters

Ripple Ex-CTO Says Cheating Turns Bitcoin Miners’ ASICs Into Space Heaters

David Schwartz, the former chief technology officer at Ripple, says Bitcoin miners who attempt a double spend would hand the network an easy weapon. The community could fork the chain and change the mining algorithm.He posted the argument on Wednesday, answering a user who questioned whether most mi…

Bitcoin market in ‘hibernation’ as perp trading activity sinks to three-year low ahead of US CPI release: K33

Bitcoin market in ‘hibernation’ as perp trading activity sinks to three-year low ahead of US CPI release: K33

Bitcoin perpetual trading activity has fallen to its lowest level since 2023 following months of rangebound price action, leaving the market unusually quiet ahead of key U.S. inflation data on Wednesday.The 30-day average combined trading volume for BTC/USDT perpetuals on Binance and Bybit declined …

Aster: lisASTER loop goes live through Lista Lending - 12 Aug 2026

Aster: lisASTER loop goes live through Lista Lending - 12 Aug 2026

The lisASTER loop is now live through Lista Lending, allowing users to stake ASTER for lisASTER, use it as collateral to borrow ASTER at a stated 0.43% rate, and repeat the process.The structure combines staking with collateralized borrowing in one repeatable process. Users can increase their ASTER …