Author: Cointelegraph By Tom Mitchelhill

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Senator Chuck Schumer pledges pro-crypto laws if Harris is president

Chuck Schumer, the majority leader of the United States Senate, says he will make it his goal to introduce pro-crypto legislation by the end of this year if Kamala Harris is elected president. Source link

Coinbase teases 'cbBTC’ days after BitGo Wrapped Bitcoin controversy

Speculators think the post refers to Coinbase’s own wrapped Bitcoin product, which will potentially be launched on its layer-2 network Base. Source link

Bitcoin sell pressure risk as $1.7B in dormant BTC moves over 2 days

The movement of more than $1.7 billion in “dormant” Bitcoin could lead to downward pressure on Bitcoin in the coming weeks, according to an onchain analyst. Source link

US Court of Appeals reboots HEX manipulation case against Binance.US

A panel of three judges has partially reversed a class-action lawsuit that alleged Binance.US and CoinMarketCap manipulated the price of the HEX token. Source link

TeraWulf Bitcoin production falls 21% in Q2, looks to AI expansion

Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue. Source link

BOJ ex-board member says another rate hike unlikely this year

The Bank of Japan is unlikely to raise interest rates again for the rest of the year, but it’ll be a “toss up” whether there will be another before March. Source link

Debate rages over Bitcoin power law as critics label it a ‘magic trick’

The Bitcoin power law has come under intense debate, with critics on one side and fierce advocates on the other. Source link

New York judge nods $12.7B settlement between FTX, Alameda and CFTC

United States District Judge Peter Castel has officially signed off on a settlement between FTX and the commodities regulator, meaning $12.7 billion will be paid back to FTX creditors. Source link

Bitcoin dominance hits 58% amid altcoin, stock market bloodbath

Bitcoin dominance has notched a new yearly high amid a brutal Ethereum-led sell-off. Source link

Bitcoin crashes below $53K wiping out $600M in leveraged longs

A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and otther cryptocurrencies tumbled sharply. Source link