Author: Crypto Editor
XAUt added to its bullion backing throughout gold’s worst quarter since 2013, as tokenized commodity holder counts continued to rise.The bodily gold reserves backing Tether Gold (XAUt) elevated 9.5% within the second quarter, which Tether stated mirrored rising demand for tokenized gold publicity.Gold fell 14.1% in the course of the quarter, its worst quarterly efficiency for the reason that second quarter of 2013, knowledge from TradingView reveals.“Holders of Tether Gold are usually not solely shopping for XAUt when the value of gold is rising. They’re utilizing intervals of market weak spot to extend their possession of bodily gold by a…
Wells Fargo (WFC) will supply tokenized deposits for choose company and industrial shoppers later this yr, beginning with enabling round the clock U.S. dollar-to-British pound transactions on its proprietary blockchain.The financial institution frames round the clock settlement, programmable funds and parity with its present deposit protections as future enhancements, saying the system will let shoppers transfer, program and settle funds 24/7/365 “when absolutely deployed.”The restricted preliminary rollout will broaden to extra shoppers, international locations and currencies all through 2027. Its system will mechanically route eligible funds via tokenized deposits when doing so improves velocity or flexibility, with out altering how…
Superior Micro Gadgets (AMD) reported earnings that beat Wall Road on income, revenue, and working margin. The inventory then misplaced 8% in after-hours buying and selling on Tuesday. The chipmaker posted report income of $11.54 billion and guided third-quarter gross sales to roughly $13 billion. Traders offered anyway, with the inventory already up 140% in 2026 earlier than the discharge. AMD Inventory Efficiency. Supply: Yahoo Finance AMD Earnings Beat Each Consensus Estimate Income reached $11.54 billion in opposition to a $11.31 billion consensus. That marked a 50% enhance from a 12 months earlier. Adjusted earnings got here in at $1.66…
Cloudflare has begun rolling out programmable wallets that may permit AI brokers to buy APIs, knowledge, and on-line companies utilizing stablecoins. The wallets will embody customizable spending controls, permitting customers to set budgets, service provider approvals, and transaction limits for AI brokers. The launch expands Cloudflare’s AI commerce ecosystem and builds on Coinbase’s x402 micropayment protocol. Cloudflare has taken one other step towards enabling autonomous AI commerce by introducing programmable crypto wallets that may finally permit AI brokers to purchase digital companies, APIs, and on-line content material utilizing stablecoins. The corporate introduced the primary part of the rollout on Tuesday,…
Spotify Expertise S.A. inventory staged a violent intraday reversal on August 4, 2026, closing at 503.31 after sinking to 462.62. The transfer adopted Q2 earnings exhibiting 777 million customers — up 12% — however a Q3 outlook on energetic customers and working earnings that missed estimates. SPOT — day by day chart with candlesticks, EMA20/EMA50 and quantity. Key takeaways Spotify Expertise S.A. inventory closed at 503.31 on August 4, 2026, after reversing from an intraday low of 462.62. Complete customers reached 777 million, a 12% year-over-year improve, however Q3 steering on energetic customers and working earnings missed estimates. The day…
Clayton’s Ripple legacy Clayton’s pro-crypto stance Jay Clayton, the previous U.S. Securities and Trade Fee (SEC) chairman who approved the company’s landmark lawsuit in opposition to Ripple, has formally been sworn in as the brand new U.S. Director of Nationwide Intelligence (DNI).The swearing-in ceremony was introduced Tuesday by White Home Particular Assistant Margo Martin after Clayton secured Senate affirmation in a slim 51-47 vote.He now turns into the nation’s high intelligence official. Clayton might be liable for overseeing the U.S. intelligence neighborhood after succeeding Tulsi Gabbard. Former SEC Boss Behind Ripple Lawsuit Sworn In as Intelligence Chief Coinbase Optimistic About Readability Passage…
AVAX gained practically 7% over the previous 24 hours after briefly tapping $6.92 on Tuesday earlier than pulling again to $6.79. The token can be up a bit of over 5% on the weekly timeframe. The transfer comes as a number of developments add exercise throughout the Avalanche ecosystem. RWA Exercise, Stablecoins and Community Upgrades Securitize has now distributed $976 million in asset worth on Avalanche, which is a 123% enhance over the previous 30 days. The ecosystem has additionally seen progress on its Helicon improve. The improve, which went reside on the Fuji Testnet on July 28, brings a…
The Safety and Trade Fee’s outgoing commissioner, Hester Peirce, has expressed optimism that the long-awaited Readability Act will move. Talking on CoinDesk’s The Coverage Protocol present, the regulator stated that passing the legislation would assist the SEC in drafting regulation. Lawmakers are pushing to get a vote on the crypto market construction invoice — or Readability Act — earlier than the Senate goes to recess. Some Republicans have bemoaned that Democratic members of the senate are intentionally dragging their ft with the invoice. The Senate has 4 days to move the CLARITY Act earlier than recess. 👀Contact your Senator and…
A supervisory FBI counterintelligence agent has been charged with a crypto theft value near $1 million, pulled from wallets tied to a nation the USA considers adversarial, in response to a federal affidavit reported by The New York Occasions on Aug. 3, 2026. Patrick Yaroch used passphrases obtained throughout an energetic investigation to maneuver the funds throughout a dozen transfers beginning in late 2024, then turned to ChatGPT to plan a brand new life in Europe. He was fired and arrested the day brokers searched his Virginia house, and now faces federal fees for interstate transportation and receipt of stolen…
Briefly Jim Cramer says he’s promoting his Bitcoin after IBM CEO Arvind Krishna instructed him to get “paranoid” about crypto’s cryptography inside three or 4 years. The warning follows a July 30 IBM and College of Chicago demonstration of verified quantum benefit. Merchants invoked the “Inverse Cramer” commerce, a sample so established {that a} fund as soon as existed purely to guess in opposition to his picks. CNBC host and long-time crypto critic Jim Cramer is out on Bitcoin—once more. This time it is over fears of the approaching quantum computing menace, and it feels like he could be out…