Headlines

Bitcoin Hits $72,850 as Traders Lose $650M in Shorts

Key Takeaways Bitcoin surged 14% over four days to a session high of $72,850, lifting its market cap to $1.45 trillion. Pro-crypto White House meetings and Treasury policy shifts sparked $1.59 billion in short bets liquidated. Market strategists expect Scott Bessent’s expanded Treasury bond buybacks to spur further crypto momentum. Intraday Price Action and Breakout…

Read More

Why Bitcoin-backed loans need qualified custody and no rehypothecation, according to Arch Lending CTO

Arch Lending co-founder Himanshu Sahay has identified qualified custody, zero rehypothecation, and clear collateral rules as three safeguards needed to reduce risks in Bitcoin-backed lending. Summary Bitcoin-backed loans give long-term holders access to cash without requiring an immediate sale. Sahay said independent custody and zero rehypothecation can limit operational and counterparty risks. Borrowers still face…

Read More

Meta brings Pocket, an app that lets you vibe-code and share games, to US users

Meta’s experimental vibe-coding gaming app, Pocket, is now rolling out to everyone in the U.S. The app, which arrived quietly last month in the test market of Brazil, allows people to generate small, interactive games using AI prompts, which are published to a scrollable feed. Based on Meta’s acqui-hire of the team at the vibe-coded gaming platform Gizmo earlier…

Read More

Strategy Breaks Down 6 Securities Built Around Its Bitcoin

Key Takeaways MSTR absorbs residual bitcoin exposure after senior claims. Five preferred securities offer different income protections. None gives holders direct ownership of Strategy’s bitcoin. Strategy Separates Equity From Preferred Income Strategy Inc. (Nasdaq: MSTR) announced Aug. 19 that it had published investor briefings covering its common stock and five preferred securities. Executive Chairman Michael…

Read More

CFTC plans crypto rules regardless of CLARITY Act

The Commodity Futures Trading Commission has prepared digital asset market structure proposals that could move forward even if Congress does not pass the CLARITY Act. Summary CFTC Chair Michael Selig said crypto market structure would proceed regardless of the bill’s outcome. The CLARITY Act faces a Senate procedural vote on Sept. 15 and needs 60…

Read More