TREE NEWS reports: Bitcoin’s price surged past $72,000 on Thursday, following a meeting between President Trump and crypto executives where he urged lawmakers to pass the Clarity Act. The cryptocurrency jumped nearly 12% in 24 hours, trading around $71,758 in New York.
TREE NEWS update: Scammers are impersonating crypto compliance services to deceive users into approving malicious transactions, risking their assets. This phishing tactic exploits trust in AML checkers to drain wallets.
TREE NEWS reports: USDT is disappearing from regulated European platforms due to MiCA, but this has not weakened global demand for Tether. The regulatory pressure appears to have minimal impact outside Europe.
TREE NEWS reports: BounceBit Chain has paused block production to address an issue, with a chain upgrade scheduled for August 23. The temporary halt aims to ensure network stability before the upgrade.
TREE NEWS update: Data shows that PumpFun’s fee address deposited 72,300 SOL (worth about $6.3 million) into Kraken. This move may indicate potential selling pressure or treasury management by the platform.
TREE NEWS update: CFTC Chairman stated that regardless of whether the Clarity Act passes, the crypto industry will ultimately face clear regulatory rules. This signals a move toward more defined oversight for digital assets in the US.
TREE NEWS reports: The US Financial Accounting Standards Board (FASB) has proposed updating accounting guidance to allow stablecoins to be reported as cash equivalents, potentially simplifying how companies hold and report these digital assets. This move could increase institutional adoption by providing clearer accounting treatment for stablecoin holdings.
TREE NEWS update: Bitdeer Technologies has signed a five-year, $400 million AI cloud computing agreement for its Malaysia facility, with revenue expected to begin in early 2027. The company aims to build 350 MW of AI cloud capacity by 2028.
TREE NEWS update: Eightco Holdings repurchased 14 million shares, boosting its digital asset treasury to $389 million. This move underscores the growing trend of corporate treasuries adopting crypto assets.
TREE NEWS reports: Three whale addresses have collectively accumulated ETH worth $12.42 million over the past two hours, according to on-chain data. This significant buying activity may signal bullish sentiment among large holders.
TREE NEWS reports: Bitcoin futures open interest across major exchanges has surged 15.03% in the past 24 hours, indicating a significant increase in market activity and leverage. This spike suggests heightened trader engagement and potential volatility in the near term.
TREE NEWS update: In a podcast recorded just before Bitcoin’s 10% surge on Aug 20, veteran investor Rob shared his disciplined DCA approach, buying more as prices fall. He remains cautious, expecting a bottom around October, and discusses regulatory hurdles like the CLARITY Act and the rise of AI agent payments.
TREE NEWS reports: An analyst notes that Bitcoin has closed above the active supply cost basis of $70,400, a key on-chain level. This suggests that short-term holders are in profit, which could signal bullish momentum. The metric is watched as a potential support level in uptrends.
TREE NEWS update: Rapid7 has uncovered a crypto phishing operation that targeted 885,000 phone numbers and compromised 5,576 Binance accounts. The campaign likely used SIM-swapping or similar techniques, highlighting ongoing security threats in the crypto space.
TREE NEWS reports: CryptoQuant founder noted that demand for Bitcoin spot and perpetual futures has turned positive for the first time since October 2025, indicating renewed market interest. This shift suggests improved sentiment and potential upward momentum for Bitcoin.
TREE NEWS update: Rapid7 has exposed a widespread crypto phishing campaign that targeted 885,000 phone numbers, tricking victims into visiting fake wallet websites to steal their funds. The campaign highlights the growing threat of social engineering in the crypto space.
TREE NEWS update: Riot Platforms has signed a $9.8 billion lease agreement with two tech companies to develop AI data centers. The deal marks a significant expansion into AI infrastructure for the Bitcoin miner, diversifying beyond crypto mining.
TREE NEWS update: Solmate, a treasury management company focused on Solana, has increased its SOL holdings by 1,000 tokens, pushing its total portfolio value above $100 million. The move underscores continued institutional confidence in Solana’s long-term prospects.
TREE NEWS update: Analyst Garrett Jin identifies the $80,000-$82,500 range as a critical resistance zone for Bitcoin, suggesting that the current short-squeeze momentum may not be sustainable. He advises caution as the market approaches this area.
TREE NEWS reports: Optimism’s governance vote to transfer 5.469 million OP tokens from unclaimed user airdrops to the ecosystem fund has sparked controversy. Critics argue it undermines user trust, while supporters see it as a way to fund ecosystem growth.