Crypto News
Bitcoin, Ether Start August on a Shaky Note as Dollar Index Tops 100; Yen Hits 4-Month...
Major cryptocurrencies experienced two-way price action early Friday, as the dollar remained bid against major fiat currencies following President Donald Trump's announcement of new tariffs.Bitcoin (BTC) fell to $114,290, nearly testing the bullish trendline drawn off April and June lows, but has since recovered to trade near $115,900, according to CoinDesk data. Ether (ETH), the second-largest token by market value, mimicked BTC's price action, erased the early drop to $3,616 to trade near $3,690.The early jitters likely stemmed from Trump's wide-ranging tariffs and the continued rise in the dollar index (DXY) to above 100, the highest since late May. The DXY, which tracks the value of the greenback against major fiat currencies, has gained over 3% in four weeks, hinting...
Crypto Markets See Red as Solana, XRP, Dogecoin Extend Losses
Solana, XRP, and Dogecoin are experiencing sharp downturns as investor sentiment turns cautious, Decrypt was told.Source link
MEXC Reports 12% Drop in Syndicate Fraud Cases in Q2 2025
MEXC reported a 12% quarter-over-quarter decline in syndicate-related fraud during Q2 2025, blocking over 70,000 fraud attempts using artificial intelligence (AI)-powered risk controls and targeted regional interventions. AI-Driven Security Cuts Crypto Fraud on MEXC As Fraud Attempts Decline MEXC has published its Q2 2025 Risk Control Summary, revealing a 12% decrease in syndicate-related fraud attemptsSource link
Michael Saylor Touts Bitcoin-Tied Preferred Stock as ‘High-Yield’ Option for Retirees
Bitcoin-backed yield products may appeal to retirees seeking alternative income, but only if structured with safeguards, sources told Decrypt.Source link
Bitcoin Correction Could Linger for Months: CryptoQuant
Bitcoin faces near-term pressure from whales and miners cashing out, even as long-term models and seasonal trends point to renewed upside.Source link