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A new Federal Reserve Bank of Cleveland working paper offers a provocative explanation for why cryptocurrency behaves so differently from traditional financial assets: Americans who buy crypto don’t simply have different demographics or risk appetites, they have radically different beliefs about digital assets’ future returns. The finding could help explain both crypto’s persistent volatility and…

XRP rose 13.6% over 24 hours to $1.39, extending a weekly gain of nearly 40% and outperforming both Bitcoin and Ethereum as broader crypto markets rallied on Thursday. Bitcoin climbed 7.2% to $77,393.67, while Ethereum gained 4.6% to $2,403.59, up 28.3% for the week.  The total crypto market capitalization reached approximately $2.68 trillion, with 24-hour…

Riot Platforms has signed a long-term data center lease agreement tied to Anthropic, giving the Bitcoin miner another route into AI and high-performance computing as miners continue looking beyond block rewards. The company’s filing describes a 20-year lease agreement for 191 megawatts of critical IT capacity at its Rockdale campus. The deal carries total revenue…

Kraken’s payment app, Krak, has launched a multi-asset debit card in the US, allowing customers to spend crypto and fiat while earning up to 2% cashback in dollars or Bitcoin (BTC). The card supports more than 600 currencies and assets, with holdings converted into US dollars at point of sale. A single purchase can draw…

Sui price has been trading under significant selling pressure for quite some time, while bulls have managed to defend the support zone over the past few weeks. However, the selling pressure has intensified lately, dragging the token closer to its yearly lows. SUI is now hovering near the crucial $0.65–$0.68 support zone, putting bulls at…

Coinbase has launched futures, options, and perpetuals for professional clients in the United Kingdom, expanding its derivatives offering through its MiFID authorization. The rollout is not for UK retail users. Eligibility is limited to users classified as Professional Clients, which means they must meet criteria tied to trading activity, portfolio size, or relevant professional experience….

Key Takeaways More than 40 groups, including Coinbase, signed the Aug. 10 artificial intelligence (AI)-access letter. Bitcoin’s $1 trillion-plus ecosystem faces faster AI-assisted vulnerability searches. AI labs may respond to five requested access measures in the coming months. The Bitcoin Policy Institute published the open letter, titled “Defenders Need the Frontier,” on Aug. 10. Its…

Anchorpoint Financial, a Hong Kong-licensed stablecoin issuer, has added HashKey Exchange as an authorized distributor for its Hong Kong dollar stablecoin, HKDAP, potentially expanding access to the fiat-backed asset as Hong Kong’s regulated stablecoin market takes shape. The companies announced on Tuesday that the arrangement is part of a beta rollout allowing eligible institutions and…