Today's Crypto and Bitcoin News
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08-03
American Bitcoin Q2 output hits record high, loss narrows
Mars Finance reports: On August 3, U.S.-listed Bitcoin mining company American Bitcoin released its second-quarter financial results. Driven by increased mining output, the company achieved record quarterly production, higher revenue, and a narrowed net loss compared to the prior quarter.
Data sh
U.S. Mortgage Rates Near 7% as Treasury Yields Ease
U.S. mortgage rates entered August close to their highest levels in a year, extending the affordability squeeze for homebuyers. Freddie Mac’s latest weekly survey put the average 30-year fixed mortgage at 6.66%, up from 6.58% a week earlier, while the 15-year fixed rate rose to 6.04% from 5.96%.Dail
Bitcoin Falls Below $63,000, Pressuring ETH and XRP Amid Market Volatility
TL;DRBitcoin dropped below $63,000 and revisited $62,200 on Monday, leaving BTC more than 4% lower weekly as weekend relief quickly faded during trading.Ether fell below $1,850 and XRP tested $1.05 support, while most major altcoins declined and total crypto capitalization lost about $40 billion dai
UK-Based Olix Computing Closes $312M Series B at $3.3B Valuation
A 25-year-old founder just pulled off Europe’s biggest semiconductor funding round. Olix Computing, a UK-based startup building photonic AI chips, closed a $312 million Series B at a $3.3 billion post-money valuation, making it the continent’s most valuable chip company by fundraising metrics.The co
Trump Cancels Iran Strike Plan, U.S. Stock Futures Rise, Oil Prices Fall
According to BlockBeats, on August 3, U.S. President Trump announced the cancellation of the previously planned military strike against Iran and stated that negotiations between both sides would resume on Monday. Following this, U.S. stock futures rose on Monday, market risk appetite improved, and i
Ripple Unlocks $1.06B in XRP Amid Market Watch for Support Level
Ripple unlocked 1 billion XRP, renewing concerns about potential selling pressure.Exchange inflows increased, but stronger network activity supported overall market sentiment.XRP continues defending $1.05 support while $1.15 remains the next major resistance.Ripple has released another large batch o
Hyperscale Data Borrows $30M Through a Bitcoin-Backed DeFi Protocol
According to PR Newswire, AI data center company Hyperscale Data (NYSE: GPUS) announced the successful implementation of a Bitcoin-backed DeFi financing strategy via the Morpho protocol. As of August 2, 2026, the company has completed approximately $30 million in Bitcoin-collateralized loans through
Hyperscale Data borrows $30 million using Bitcoin as collateral to expand its AI data center.
Odaily Planet Daily reports that Hyperscale Data has announced the establishment of a Bitcoin-collateralized DeFi financing program via the Morpho Protocol. As of August 2, the company has borrowed approximately $30 million, using a portion of its Bitcoin reserves as collateral, at a current floatin
SpaceX pre-market price drops to a new low of $105.64
BlockBeats news, on August 3, according to Bit (Bit.com) market data, pre-market trading for U.S. stock SpaceX briefly fell below $106, dropping to $105.64, a new all-time low; it has since recovered to $108.37, down 2.06% in pre-market trading, with its market cap falling to $1.43 trillion.
Semiconductor ETFs Lead Weekly Inflows for the First Time
Odaily Planet Daily reports: Eric Balchunas, Bloomberg ETF analyst, posted on X that the top three ETFs by weekly fund inflows were all semiconductor ETFs—a first-time occurrence. The decline and volatility in semiconductor stocks attracted traders to buy ahead of a 7% rebound, with SOXL rising 24%.
Former Ripple CTO Proposes Split-Control Bitcoin Custody Model After $89M Coldcard Hack
SummaryFormer Ripple CTO David Schwartz proposed splitting wallet access among relatives and friends to strengthen Bitcoin security and inheritance planning.Coldcard firmware flaw exposed predictable recovery seed phrases, enabling attackers to steal 1,367 BTC across 4,500 wallets worth roughly $89
Algorand Price Rebounds 12% Amid Post-Quantum Roadmap
The Algorand (ALGO) price has rebounded nearly 12% from its recent lows and is now testing a crucial resistance level around $0.085. The renewed buying interest comes as the Algorand Foundation unveiled its post-quantum security roadmap, outlining plans to make the network resilient against future q
Fed's Walsh Holds Rates Steady as Bond Market Loses $115 Billion Amid Tightening Fears
Huoxing Finance reports: On August 3, Federal Reserve Chair Kevin Warsh decided last week to hold interest rates steady, yet bond markets experienced significant volatility. Senior bond fund managers believe the Fed’s “hold” decision generated a stronger financial tightening effect through market re
Robinhood's prediction market revenue exceeds stock trading revenue
This brokerage, which started with zero commissions, is turning sports betting and election wagering into a big business.Robinhood released its second-quarter earnings last week, forecasting market revenue to surge more than tenfold year-over-year to $156 million, accounting for 20% of total trading
Ripple Invests in Zilo and Licuido to Boost Tokenized Asset Infrastructure
Ripple has announced two strategic investments aimed at expanding how regulated tokenized financial assets move across its XRPLedger (XRPL). The company says the deals are intended to improve “collateral mobility” for tokenized funds—an issue that has become increasingly relevant as institutions loo
