Today's Crypto and Bitcoin News

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08-04

Nigeria Introduces New Crypto Tax Rules, Exchanges Must Collect Stamp Duty

SummaryNigeria introduced comprehensive cryptocurrency tax guidelines requiring exchanges to collect stamp duty while defining taxable transactions and exemptions for digital assets.Crypto businesses now face stricter compliance rules, including tax identification checks, VAT obligations, record ret

Akash Network [AKT] Surges 12.6% Amid Rising Trading Volume and Open Interest

Akash Network [AKT] rallied 12.59% over the previous 24 hours as buyers returned with noticeably stronger conviction across both spot and derivatives markets. Spot trading volume climbed 240.15% to $11.11 million, while market capitalization expanded 12.6% to $153.97 million, reflecting broader part

Tether Reports $1.5B Q2 Profit Amid Crypto Market Downturn

While much of the crypto market spent Q2 2026 in various stages of distress, Tether was cashing checks. The company behind USDT reported a net operating profit of $1.5B for the quarter, up from $1.04B in Q1, according to an attestation prepared by accounting firm BDO and released on July 31, 2026.Th

Coinbase Custodies 80-84% of Bitcoin ETF Assets, Says Bitwise

If you want to launch a spot crypto ETF in the US, there’s a pretty good chance you’re going to end up calling Coinbase. The exchange serves as custodian for 9 of the 11 spot Bitcoin ETFs and 8 of the 9 spot Ethereum ETFs, a level of market dominance that Bitwise has highlighted as a defining featur

Blackstone Explores $36B Debt Package to Fund Anthropic's Google Chip Usage

Blackstone is in early discussions with investors about assembling a second large debt financing package to bankroll Anthropic’s use of Google’s custom chips. The deal, if it materializes, would follow a first package of roughly $35-36 billion that closed just months ago.What we know so farBloomberg

OpenAI Faces Backlash Over Influencer Trip Amid Environmental Concerns

OpenAI decided to borrow a page from the beauty industry playbook, flying a group of influencers to a luxury resort for its first-ever brand trip. The internet responded about as warmly as you’d expect when a company building energy-hungry data centers hosts a beekeeping workshop at a $2,000-a-night

Open USD's Launch Sparks Market Reaction, But Key Backers Support Multiple Stablecoins

When Open Standard announced Open USD a month ago, investors quickly interpreted the backing from Coinbase (COIN), Visa (V) and Mastercard (MA) as a direct challenge to Circle (CRCL) and its $72 billion USDC stablecoin.The announcement erased billions of dollars from Circle's market value. Shares fe

Coinbase, Visa, and Mastercard Clarify That Open USD Is Not a Replacement for USDC

Odaily Planet Daily reports that after the launch of Open USD, market concerns arose over its potential direct challenge to Circle’s USDC, leading to a loss of billions in Circle’s market value. Executives from Coinbase, Visa, and Mastercard stated that the involved companies are advancing a multi

Coldcard Wallet Attack Losses Top $130M as 15 Attackers Drain BTC

Key PointGalaxy Research concluded Tuesday morning that 15 separate attackers are draining BTC from Coldcard customers’ hardware wallets. Estimated victim losses have topped $130 million from 7,300 wallets, and Galaxy Research has heard from 73 victims as of Monday. The fifteenth attacker surfaced o

JPMorgan Forecasts Potential Fed Rate Hike in December 2026 Amid Market Uncertainty

JPMorgan has revised its forecast for a U.S. Federal Reserve rate hike, suggesting the possibility of an increase as early as December 2026. This shift follows a significant reaction in the bond markets after Federal Reserve Chair Kevin Warsh’s recent press conference. During the conference, the 30-

BitGo Integrates with Derive for Institutional Onchain Derivatives Trading

Here’s one of crypto’s oldest unsolved problems: institutions want to trade derivatives onchain, but they don’t want their collateral sitting in some protocol’s smart contract, exposed to the kind of counterparty risk that made 2022 so memorable. BitGo and Derive think they’ve found the fix.The two

Semiconductor Stocks Rally as S&P 500 Hits Record Highs

Semiconductor stocks rallied Tuesday, helping push the S&P 500 and Dow Jones Industrial Average toward record closes.The iShares Semiconductor ETF, which trades under the ticker SOXX, rose nearly 7% in early afternoon trading. The fund had fallen more than 20% from its June high during the previ...

Coinbase's Former Legal Chief Joins AI Company Cognition AI

Paul Grewal, the legal mind who guided Coinbase through one of the most turbulent regulatory periods in crypto history, has left the exchange to join Cognition AI as its first Chief Legal and Global Affairs Officer. The move, effective August 2026, caps a nearly six-year run at Coinbase that saw Gre

Glassnode Data Now Accessible via AI Agents Using Coinbase and USDC

Glassnode just made its massive trove of on-chain analytics available to AI agents that can pay for it themselves. Using Coinbase wallets and USDC, AI systems can now autonomously discover, query, and purchase premium Glassnode data without a human ever clicking “subscribe.”How it actually worksCoin

Strategy Chair Saylor Claims He Never Sold Personal Bitcoin Amid Company Sales

Key Insights:Saylor reveals he has never sold his personal Bitcoin and calls himself a saver.This comes after Strategy has sold more than 5000 BTC this year as the company seeks to grow its USD reserve.sThe crypto community criticizes Saylor, citing his previous statement that he would never sell Bi

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