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First leveraged MicroStrategy ETF launches in the US

The ETF could offer more leveraged exposure to Bitcoin, especially for institutional investors looking to diversify their holdings. Source link

US gov’t $590M Silk Road Bitcoin transfer to Coinbase unlikely to be sold: Analyst

The government could also be looking to custody or trade the Bitcoin, based on a recent partnership with Coinbase Prime. Source link

Malaysian kidnappers abducted Chinese man for $1M USDT: Report

Six Malaysian nationals, including a couple, have been charged with kidnapping a Chinese citizen and demanding a ransom of $1 million in Tether (USDT). Source link

Bitcoin sell pressure may break $56K support as options expiry looms

The Bitcoin price could experience significant downside volatility unless it manages to recover above $60,000 before the options expire on Aug. 16. Source link

US gov’t Bitcoin sale ‘doesn’t affect anything’ as analyst blames bears

Governments divesting themselves of their BTC is a non-event, but Bitcoin bears make sure that the market feels the heat regardless, analysis says. Source link

Nigerian crypto wallets tied to protests evade government freeze efforts

The discrepancies between the government’s claims and the blockchain data highlight the tense dynamic between digital finance and state authorities. Source link

Binance returns India as registered crypto exchange following 7-month ban

Binance returns to India after registering with the FIU-IND, marking its 19th global regulatory milestone. Source link

California AI bill aimed at preventing disasters draws ire from Silicon Valley

Crypto VC giant a16z claims the AI legislation will “burden startups because of its arbitrary and shifting thresholds.” Source link

Tokenized US Treasurys expected to surpass $3B by end of 2024

Increased crypto adoption and high treasury yields could push tokenized US Treasurys toward a $3 billion market cap by the end of 2024. Source link

Iran is giving $24 to anyone who dobs in illegal crypto miners

The boss of Iran’s state-run electricity company said some had exploited subsidized electricity to run crypto mining operations, straining the power grid. Source link