Bitcoin News page 7

Major carriers join the central bank's digital currency rollout as crypto payments remain outlawed nationwide Russian telecommunications companies are set to begin accepting the digital ruble as payment starting September 1. The development marks one of the most visible commercial applications yet of the central bank's digital currency project.

Traders are watching a large weekly options expiry that could shake bitcoin prices in either direction. A large tranche of bitcoin options contracts, valued at roughly $6.4 billion, is scheduled to expire on Friday. Both CoinDesk and crypto.news reported the figure, framing it as a potential source of near-term volatility for the world's largest cryptocurrency.

The asset manager lowered the entry threshold for its bitcoin ETF swap program to $1 million during one of the coin's best Augusts on record. BlackRock has reduced the minimum threshold for swap-based exposure to its iShares Bitcoin Trust, known as IBIT, down to $1 million.

Nine straight days of net inflows into XRP exchange-traded funds have reignited debate over whether the token is still undervalued. Seven spot XRP exchange-traded funds have collectively pulled in a significant amount of investor capital since they began trading, according to crypto.news.

Bitcoin.com News and U.Today both cover Draper University's Cardano-backed Apex Growth Accelerator but give different program start dates. Bitcoin.com News and U.Today both cover Draper University's Cardano-backed Apex Growth Accelerator but give different program start dates.

The bank flags a constructive second-half outlook for digital assets while naming two listed stocks as ways to gain exposure. Goldman Sachs has adopted a cautiously optimistic stance on the crypto market heading into the second half of the year, according to reports from CoinGape and crypto.news.

Coinfomania says CryptoQuant has confirmed a new Bitcoin bull market, while CryptoBriefing says CryptoQuant itself calls the shift not yet fully confirmed. Coinfomania says CryptoQuant has confirmed a new Bitcoin bull market, while CryptoBriefing says CryptoQuant itself calls the shift not yet fully confirmed.

Technical indicators suggest Bitcoin's rally may be losing steam even as the asset trades close to key round-number levels. Bitcoin's price action has drawn fresh scrutiny as the asset hovers close to the $78,000 mark.

A massive government cash pile and a weakening dollar are feeding renewed appetite for bitcoin. Bitcoin traded above $80,000 on Tuesday, extending a rally that coincided with news of a potential $950 billion Treasury cash deployment. Reports indicate the U.S. Treasury is considering using this reserve to buy back government bonds.

The crypto merchant bank is broadening its lending business beyond institutional clients with a new consumer-facing product. Galaxy Digital has launched a new line of credit aimed at retail crypto holders, allowing them to borrow against holdings of Bitcoin, Ether and Solana.

Analysts point to bitcoin's outsized gains as a sign that a new bull market phase may be underway, even as altcoins struggle to keep pace. Bitcoin has pulled away from the rest of the digital asset market in recent trading.

A new analysis argues that the company's ability to keep raising funds, not bitcoin's price alone, sustains its balance sheet strategy. Strategy, the business intelligence firm turned bitcoin accumulation vehicle, has built a bitcoin position now valued near $66 billion.

The bitcoin miner's added power draws on renewable infrastructure built by Soluna in Texas. Bitdeer has increased its operating capacity by 28 megawatts at a Texas mining site powered by wind energy, according to reports from Yahoo Finance and CryptoBriefing.

The asset manager is packaging tokenized U.S. equities into themed, automated investment products. Bitwise has introduced a set of automated portfolios constructed from tokenized U.S. stocks. The tokenized shares are made available through Coinbase, according to reports from CoinDesk and Yahoo Finance. The portfolios group individual tokenized equities into themed baskets.

A pullback in gold prices and declining Treasury yields coincided with Bitcoin's slide below the $80,000 mark. Bitcoin slipped below $80,000 on Tuesday, moving in tandem with a retreat in gold prices. The decline coincided with falling yields on US government bonds, according to reports from Cointelegraph and CryptoBriefing.

Traders are again framing bitcoin as a hedge against currency debasement, sources report. Bitcoin pushed past $81,000, according to Yahoo Finance and Bitcoin Magazine reporting published on August 25. Both outlets linked the move to renewed interest in what traders call the debasement trade.

Fundstrat's Tom Lee points to a bullish Ethereum setup as funding rates hit a one-year high, according to Yahoo Finance and CoinGape. Tom Lee, the Fundstrat strategist known for his long-running crypto market commentary, has flagged Ethereum as entering a new bullish phase.

One report puts Bitcoin above $80,000, a three-month high, while another cites a $68,000 level tied to gains at Coinbase. Bitcoin has moved to its highest trading range in roughly three months, based on separate reports published within hours of each other on August 25.