Animated comedy series South Park mocked US President Donald Trump in its latest episode aired on Wednesday, with one part satirizing his ties to crypto. The episode titled “Sickofancy,” depicted scenes showing parodied versions of tech executives wanting to curry favour with Trump by lining up to give him gifts and lap him with praise.…
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US-based spot Bitcoin ETFs have posted their longest run of outflows in over four months, though crypto entrepreneur Anthony Pompliano says that Bitcoin’s price may now be oversold. Over the past five trading days, spot Bitcoin (BTC) ETFs have seen roughly $1.17 billion in outflows, representing the longest streak since a seven-day outflow period in…
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Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, does not try to influence the price of Bitcoin when it executes its buys, according to the executive who oversees the company’s massive BTC treasury. “The way we buy Bitcoin is we do not move the price of the Bitcoin,” Strategy’s corporate treasurer and head of…
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The US House has added a provision banning the Federal Reserve from issuing a central bank digital currency (CBDC) into a nearly 1,300-page bill setting the country’s defence policy for the 2026 fiscal year. A revision of HR 3838, the House’s version of a bill implementing the National Defense Authorization Act, was shared on Thursday…
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The US commodities regulator has launched its second “crypto sprint” to implement recommendations from the President’s Working Group on Digital Asset Markets, this time focusing on stakeholder engagement. The Commodity Futures Trading Commission (CFTC) is seeking public input from crypto market participants on how it can better regulate spot crypto trading, the acting chair Caroline…
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Australia’s markets regulator is set to expand its crackdown on online scams after taking down 14,000 online scams since July 2023, with over 3,000 purporting to involve crypto. The online scams include investment scams, phishing websites and are found in online advertisements. ASIC Deputy Chair Sarah Court said in a statement that ASIC’s investment scam…
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A Bitcoiner lost $91 million in a single transaction to a social engineering attack on Tuesday, with funds then sent to a privacy-focused Bitcoin wallet, according to blockchain investigator ZachXBT. The victim was deceived by impostors posing as crypto exchange and hardware wallet support, losing 783 Bitcoin (BTC) in a single transaction, ZachXBT said in…
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Ben Waxman, a Democrat representing District 182 in Pennsylvania’s House of Representatives, has introduced legislation “to prohibit elected officials from profiting off cryptocurrency while in office.” Waxman introduced HB1812 on Wednesday with eight Democratic co-sponsors in response to what he called “corruption” perpetuated at the federal level by US President Donald Trump. The Pennsylvania lawmaker…
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The US Office of the Comptroller of the Currency (OCC) said it had issued an order terminating a consent order made against cryptocurrency custody bank Anchorage Digital in 2022. In a Thursday notice, the OCC said it had dropped the order “to assure the safety and soundness” of Anchorage. The financial regulator’s April 2022 order…
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Key takeaways: Bitcoin bears hold strong incentives below $114,000, likely intensifying pressure ahead of the options expiry. AI-sector spending concerns add turbulence and weigh on investors’ broader risk appetite. A total of $13.8 billion in Bitcoin (BTC) options are set to expire on Aug. 29, a moment many traders believe could determine whether the recent…
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