Bitcoin slipped under $60,000 for the first time since October 2024 as crypto stocks, ETFs and major tokens fell in a broad market retreat.
Bitcoin fell 4 percent to $64,721.39, extending a broad digital asset selloff marked by fund withdrawals and leveraged liquidations.
Business
JPMorgan CEO Jamie Dimon challenged the CLARITY Act over stablecoin rewards, sharpening a US debate in Congress on crypto market regulation.
Bitcoin & Altcoins
Bitcoin slipped under $60,000 for the first time since October 2024 as crypto stocks, ETFs and major tokens fell in a broad market retreat.
AI
The U.S. government has directed TSMC to halt exports of advanced AI processors to China, imposing new restrictions on shipments due to national security concerns and compliance with trade regulations.
Policy
Beijing broadens digital asset rules to stablecoins and tokenized assets, reinforcing approval requirements and oversight for overseas digital finance activity.
Ethereum & NFTs
With the launch of spot bitcoin and ether ETFs, Hong Kong emerges as a trailblazer in Asian crypto trading, reshaping investment strategies.
FinTech
Binance is set to launch four new trading pairs on September 4, 2024, including AAVE/USDC, as part of its strategy to expand offerings amid market fluctuations.
