
Cryptocurrencies Surge as Trump Urges Crypto Bill and Treasury Yields Retreat
Bitcoin and ether surged after U.S. President Donald Trump urged Congress to pass a pro-crypto bill and a retreat in Treasury yields boosted higher-risk assets.

Bitcoin and ether surged after U.S. President Donald Trump urged Congress to pass a pro-crypto bill and a retreat in Treasury yields boosted higher-risk assets.

Experts question the business model of World Liberty Trust Company, a crypto bank partly owned by the Trump family that received conditional US regulatory approval, suggesting deposits serve primarily to curry favor with the president.

Webull reported a record $198 million in revenue for Q2 2026, with cryptocurrency trading accounting for $2.25 million. Equity and options trading generated $112 million, while executives noted gradual rollouts for crypto deposits and withdrawals.

MoonPay has integrated Cash App Pay, enabling eligible US users to purchase cryptocurrencies directly via their Cash App balances. The feature is available on MoonPay's checkout and partner platforms like MetaMask and Uniswap, expanding access beyond Cash App's native Bitcoin support.

Cypherpunk Technologies has launched the world's largest Zcash mining operation after a $33.33 million acquisition from Winklevoss Capital. The fleet contributes 18% of the network's hashrate, complementing the firm's existing 1.9% stake in ZEC supply.

A 60-year marmot study in the US, threatened by Trump administration's science funding cuts, raises over $100,000 through OnlyFans ($6,000) and a marmot-themed cryptocurrency ($88,000+), ensuring one more year of research

Legal experts, historians, and congressional Democrats have raised severe corruption and conflict-of-interest concerns as Donald Trump generated an unprecedented $2.2bn in 2025 revenues through cryptocurrency holdings, Truth Social ventures, and controversial legal settlements during his second term.

Mubadala Investment Company and Abu Dhabi Investment Council retained a combined $764 million exposure to BlackRock's iShares Bitcoin Trust ETF (IBIT) through Q2, despite Bitcoin's 29% annual decline, as Abu Dhabi deepens its crypto regulatory and investment push.

A 29-year-old Queensland man lost over $166,000 to an AI-driven cryptocurrency investment scam after clicking an online ad. Experts warn that AI enables criminals to deploy hyper-realistic scam ecosystems faster than regulators can remove them.

Reform UK leader Nigel Farage won the Clacton byelection with 63.34% of the vote, defeating parody candidate Count Binface in a contest boycotted by major political parties.

Hawaii bans cryptocurrency kiosks/ATMs after Governor Josh Green signs HB 1642, citing $11B in US digital asset scams (2025) and $80M in Hawaii losses.

Trump Media & Technology Group reported a $238 million Q2 net loss, primarily due to $190 million in unrealized digital asset losses, despite a 89% revenue increase to nearly $2 million.

Strategy, the world's largest corporate holder of Bitcoin, has sold 6,948 BTC for roughly $432.5 million since May as part of a new capital management framework, departing from its previous 'never sell' policy.

A Standard Chartered-led joint venture, Anchorpoint Financial, launched institutional use of the HKDAP Hong Kong dollar-backed stablecoin via beta access on Wednesday, aiming for retail adoption by late 2026.

Bitcoin remains above $65,000, showing unusual resilience despite a security breach, delayed legislation, and stagnant price action, with reduced selling intensity and fresh institutional demand.

Approximately $4.55 million in Bitcoin and Ether linked to the Coldcard exploit have been transferred to cryptocurrency mixing protocols, according to blockchain security platform CertiK.

Russian President Vladimir Putin signed bill No. 1194918-8, creating a regulated framework for cryptocurrency markets, exchanges, and service providers, while capping retail investments and maintaining payment bans.

Donavan McKinney wins Democratic primary in Michigan's 13th Congressional District with 51.9% of the vote, defeating incumbent Shri Thanedar despite $2M in crypto industry-backed PAC spending, highlighting industry's political influence.
Russian President Vladimir Putin signed a landmark law legalizing and regulating cryptocurrency trading. The legislation aims to bring crypto out of the shadow economy and facilitate cross-border trade amid Western sanctions.

Three Missouri men face federal charges for an alleged August 2024 plot to kidnap a Bitcoin holder in Connecticut and steal his cryptocurrency holdings.

Former hedge fund manager Jim Cramer plans to sell his Bitcoin holdings, citing quantum computing threats highlighted by IBM CEO Arvind Krishna, while crypto investors reacted with the inverse Cramer meme.
Hackers stole at least $89 million in cryptocurrency from Coldcard hardware wallets by exploiting a weak random number generation algorithm. Coinkite CEO Rodolfo Novak warned that AI-assisted code review is accelerating attacks on firmware.

Hackers have stolen approximately $130 million in cryptocurrency from offline Coldcard hardware wallets by exploiting a vulnerability in seed phrase generation.

Nigel Farage received a £5m gift from crypto billionaire Christopher Harbourne, triggering allegations against him and Reform party figures including deputy Richard Tice and George Cottrell, amid questions about his political comeback.