Crypto News
Trump-Backed Miner Seeks Asian Bitcoin Acquisitions
Financial Times (FT) reports that American Bitcoin, a U.S. cryptocurrency miner backed by Donald Trump Jr. and Eric Trump, is actively seeking acquisitions of listed companies in Japan and potentially Hong Kong to amass bitcoin reserves. According to three unnamed sources speaking with FT, the firm—which already develops its own strategic bitcoin holdings—has begun investorSource link
Canary CEO Predicts Bitcoin Will Hit $150K This Year—But Ethereum Surge Won’t Last
ETF inflows and institutional demand are driving Bitcoin’s rise, Canary Capital CEO Steven McClurg said—but he's bearish on Ethereum.Source link
Trump Emerges as Runner-up in Nobel Peace Prize Betting
Bettors on Polymarket and Kalshi see an interesting path for U.S. President Donald Trump to claim the Nobel Peace Prize. On both platforms, the sitting president holds the second-highest odds, putting him squarely in contention. Prediction Markets Keep Trump in Close Race for Nobel Peace Prize The Nobel Peace Prize is a prestigious international honorSource link
Ethereum Nears Record High as Investor Preference Shifts, Cryptoquant Reports
Ethereum ( ETH) approaches its all-time high price as investor preference shifts decisively in its favor against bitcoin, according to a new report by Cryptoquant. However, researchers say and early indicators suggest rising selling pressure could challenge its rally. Institutional Investors Pivot to ETH via ETFs, Onchain Data Shows Ethereum (ETH) reached $4,743 on Aug.Source link
Tether Taps $165B as Stablecoin Sector Climbs to $273B
Over the past week, the stablecoin market expanded by 1.28%, adding $3.464 billion to reach a total of $273.169 billion. Tether ( USDT) remains the heavyweight, commanding 60.49% of the entire market, with its supply climbing by roughly 730 million coins during the seven-day period. Tether and USDC Add to Market Dominance as Stablecoin EconomySource link