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Crypto — Monday, August 10, 2026

Crypto,
briefly.

18 stories, written and narrated in a calm newsroom voice. No sirens, no outrage bait — press play and let the edition carry you through.

Crypto

Cryptofinance.yahoo

XRP Price Weakens as Crypto Market Awaits Clarity

XRP, the cryptocurrency issued by Ripple, has traded within a narrow band for months as investors waited for regulatory signals from Washington. The asset's value depends heavily on how U.S. authorities treat it — whether as a security or a commodity. That uncertainty shifted this week. XRP fell below sixty cents on Tuesday as the broader crypto market pulled back, with Bitcoin also declining. Traders cited caution ahead of potential policy announcements expected in the coming weeks. The price weakness reflects a familiar pattern: when regulatory clarity stalls, investors tend to move capital toward assets with clearer legal standing. For XRP holders, the next move likely depends on what Washington says next.

finance.yahoo ↗

CryptoWSJ

How the AI Trade Is Stealing Crypto’s Thunder

For the past year, cryptocurrency investors have chased gains in bitcoin and ethereum, betting that digital assets would drive the next wave of wealth creation. That momentum's shifted. Artificial intelligence stocks have become the dominant trade, drawing capital and attention away from crypto markets. Bitcoin's up roughly twelve percent this year, but the Nasdaq's AI-heavy index has nearly doubled it. The difference comes down to earnings: tech companies building AI infrastructure are posting real revenue and profits, while crypto still trades largely on speculation and adoption hopes. For now, investors are choosing the companies with balance sheets over the currencies without them.

WSJ ↗

Cryptomarkets.businessinsider

Crypto News Today: AlphaPepe Presale Nears August Launch Reveal As Ethereum Price Prediction Eyes $10,000

A new cryptocurrency token called AlphaPepe is preparing to launch a presale next month, as ethereum traders continue to bet on the price reaching ten thousand dollars. The presale reveal is scheduled for August. Ethereum's current trajectory has prompted some analysts to model scenarios where the price climbs significantly higher than its recent levels. Presales for new tokens have become common in crypto markets, though they carry substantial risk for early investors. The token's launch will compete for attention in a crowded field of similar projects launching this summer.

markets.businessinsider ↗

CryptoCoinDesk

XRP is getting left behind in the crypto bounce even as ETFs keep attracting investor money

The cryptocurrency market's recent rally has left Ripple's XRP behind while exchange-traded funds continue drawing fresh capital. First, Bitcoin and Ethereum have climbed sharply in recent weeks, but XRP has failed to keep pace, trading well below its previous peaks despite the broader momentum. Then, spot ETFs for major cryptocurrencies have attracted billions in new investor money, signaling institutional confidence that hasn't extended to XRP itself. And finally, the divergence reflects ongoing uncertainty around Ripple's legal battles and the token's utility compared to alternatives that dominate institutional portfolios. For now, XRP remains a laggard in a market otherwise defined by renewed optimism.

CoinDesk ↗

CryptoCoinDesk

Crypto is going through a massive dot-com style shakeout as over 100 projects fold in 2026

More than a hundred crypto projects have shut down so far this year. That's according to tracking by CoinDesk, which found the failures span everything from exchanges to blockchain networks themselves. The collapse mirrors the dot-com bust of the early 2000s, when speculative internet ventures burned through capital and disappeared just as quickly. What's different now is the speed. Projects that once took years to fail are folding in months, often because venture funding dried up faster than founders anticipated. For investors who bet on smaller tokens or platforms, it means real losses. For the broader crypto market, it's a sorting mechanism—the kind of culling that typically precedes consolidation around a smaller number of stronger players. More than a hundred projects have already gone. The question now is whether that number stabilizes or keeps climbing.

CoinDesk ↗

CryptoAltcoinBuzz

Crypto market update August 9: Bitcoin and Ethereum slip as Solana leads altcoins

A trader in Singapore checks her screens at dawn. Bitcoin's down three percent overnight. Ethereum's following. But on the far left monitor, Solana's climbing. It's August ninth. The broader crypto market's softening—Bitcoin and Ethereum both losing ground through the Asian session. Solana, though, is outpacing them. The altcoin's up while the two largest cryptocurrencies retreat. It's a reversal of the usual pattern. When Bitcoin stumbles, most alternatives fall harder. This time, money's rotating sideways, not down. The detail worth noting: Solana's strength despite the weakness above it suggests selective buying, not panic selling. Markets will settle. Traders will watch what happens next.

AltcoinBuzz ↗

Crypto24/7 Wall St.

Bitcoin ETFs Are Having Their Best Week Since April. Did the Coldcard Hack Push $853M Into Bitcoin ETFs?

A trading floor monitor flickers with green numbers. Bitcoin's price ticks upward through the morning. Somewhere, an investor watches the chart and decides to move. Bitcoin exchange-traded funds have drawn eight hundred fifty-three million dollars in inflows this week—their strongest week since April. The timing's curious. A security breach in Coldcard hardware wallets, which store cryptocurrency offline, spooked some holders into moving their bitcoin to regulated ETF accounts instead. It's a small irony: a hack designed to steal crypto may've pushed money toward the very institutional vehicles that were meant to replace self-custody altogether. Whether that pattern holds depends on what happens next week. For now, the flows are real.

24/7 Wall St. ↗

CryptoGrayscale

The Stack

Grayscale's Bitcoin holdings now exceed 635,000 coins, making it the largest single repository of Bitcoin outside government vaults. The investment firm, which manages these assets through its Bitcoin Trust, has quietly accumulated this position over more than a decade. Each coin represents a bet that institutional money will eventually treat Bitcoin as a legitimate store of value, not speculation. The holdings matter because they're held in trust—meaning Grayscale doesn't own them outright, but manages them on behalf of investors who do. That distinction matters. If those investors decide to redeem their shares en masse, the market would face a sudden, enormous supply of Bitcoin hitting exchanges. For now, Grayscale simply holds. The question isn't whether 635,000 coins is a lot. It's what happens when someone decides to move them.

Grayscale ↗

Cryptorobinhood

ETH price on Aug 8, 2026 at 1pm EDT Crypto Prediction Market

Ethereum's price on August eighth at one p.m. Eastern time is being actively traded on crypto prediction markets, with traders positioning ahead of that specific moment. Robinhood's prediction market shows current pricing reflects uncertainty about where ETH will settle at that exact timestamp. The market's volume and bid-ask spreads suggest moderate interest, though participation remains concentrated among active traders rather than casual speculators. Prediction markets on crypto assets have grown steadily as a way to hedge against price moves or express conviction on near-term direction. These markets typically close at their specified time and settle based on actual exchange prices at that moment. Watch the spreads tighten as August eighth approaches.

robinhood ↗

CryptoAltcoinBuzz

Crypto market update August 8: Bitcoin tests $65K as PI gains

A trader in Singapore watches the price ladder on her second monitor. Bitcoin's climbing again, moving toward the sixty-five thousand dollar mark. It's early August, and the cryptocurrency market's found some momentum after weeks of uncertainty. Bitcoin's approach to that sixty-five thousand threshold matters partly because it's a technical level traders have watched for months. PI, a smaller token, is moving alongside it—gaining ground in what's become a broader market recovery. The moves aren't dramatic, but they're consistent enough that analysts are paying attention. What's less obvious: this kind of coordinated movement between Bitcoin and smaller tokens often signals that retail investors are returning to the market, not just institutions repositioning. For now, traders are watching to see if Bitcoin holds above sixty-four thousand.

AltcoinBuzz ↗

CryptoModern Diplomacy

Senate Shelves Crypto Market-Structure Bill, But Wall Street Keeps Buying Bitcoin

The Senate shelved its crypto market-structure bill this week, but Wall Street isn't waiting for permission. Major financial institutions continue accumulating Bitcoin despite the regulatory uncertainty, treating the asset as a hedge against inflation rather than a speculative bet. JPMorgan and other institutional players have quietly expanded their positions over the past six months, signaling confidence that some form of framework will eventually pass. The disconnect is telling: lawmakers can't agree on rules, yet the people with the most capital to lose are buying anyway. It suggests the market's moving faster than regulation can follow, and institutions have already decided Bitcoin's staying.

Modern Diplomacy ↗

CryptoPolitico

Crypto bill ethics counteroffer includes divestment requirement for Trump - Politico

The Senate is working through ethics language for a cryptocurrency bill that would affect the incoming administration. First, Republican sponsors have proposed a divestment requirement—lawmakers involved in crypto regulation would need to sell holdings in digital assets to avoid conflicts of interest. Then there's the practical question of timing: the bill's backers want this resolved before the 119th Congress formally begins its work on financial regulation. And finally, the language itself remains fluid. Senate offices are still negotiating the exact scope of what counts as a covered asset and how quickly divestment would need to happen, which means the final version could look quite different from what's being discussed now. The measure reflects a broader push to clarify rules around cryptocurrency as the sector gains influence in Washington.

Politico ↗

CryptoBloomberg

Trump Media Ends Token, Prediction Market Deals With Crypto.com

Trump Media has ended its cryptocurrency partnerships with Crypto.com, shutting down both a token offering and a prediction market platform. The company had launched a digital token tied to Trump Media's stock earlier this year, along with a betting platform on Crypto.com's exchange. Neither venture generated significant trading volume before the shutdown. The move reflects broader caution in the crypto sector following regulatory scrutiny of prediction markets and token offerings tied to public companies. Trump Media hasn't disclosed why it terminated the deals. Watch for any regulatory filings that might clarify the company's reasoning or signal broader shifts in how it approaches digital assets going forward.

Bloomberg ↗

CryptoAxios

Exclusive: Trump Media unwinds crypto deals

Trump Media is stepping back from cryptocurrency investments it'd made in recent months. The company, which operates Truth Social, had moved into digital assets as part of a broader diversification strategy, but is now reversing course. First, the firm's been selling off holdings it accumulated earlier this year, citing market volatility and the need to focus capital on its core social media platform. Then there's the timing—this pullback comes as crypto markets have stabilized somewhat, suggesting the company may have decided the risk-reward calculation simply didn't fit its priorities. And finally, insiders note the shift reflects pressure from investors who've grown skeptical of the venture into unfamiliar territory. The move leaves Truth Social's future tied more tightly to its social platform than to speculative bets.

Axios ↗

CryptoReuters

US sanctions Dubai crypto exchange for aiding Iran's IRGC, following a Reuters report

The United States has long used financial sanctions to pressure Iran and its military wing, the Islamic Revolutionary Guard Corps. Crypto exchanges operating outside traditional banking oversight have become a particular concern for regulators trying to enforce those restrictions. That concern turned into action this week. The Treasury Department sanctioned a Dubai-based cryptocurrency exchange it says facilitated transactions for the IRGC, following an investigation by Reuters. The exchange, whose name wasn't immediately disclosed in the initial announcement, had processed funds that bypassed conventional banking channels designed to catch illicit activity. Treasury officials said the platform's lack of compliance controls made it an effective conduit for Iran to move money internationally. The sanctions freeze any assets the exchange holds in US jurisdiction and bar American entities from doing business with it. Crypto platforms now face clearer pressure to implement the same anti-money-laundering checks that traditional banks have used for decades.

Reuters ↗

CryptoFortune

I built Canada’s largest crypto company. But the business climate here made selling to Robinhood inevitable

Crypto platform Shakepay is selling to the U.S. trading app Robinhood, ending operations in Canada after seven years. The Toronto-based company, which had become Canada's largest crypto exchange, cited regulatory uncertainty and tax policy as reasons the business couldn't grow at home. Founder Jean Karim Bichara said the Canadian environment forced the choice, though Robinhood's resources and American market access made the deal attractive. Shakepay will wind down its Canadian operations over the coming months. The sale reflects broader pressure on Canadian fintech firms, which have increasingly relocated or sold to American competitors seeking clearer regulatory ground.

Fortune ↗

CryptoCNBC

Crypto’s infrastructure era arrives, with AI agents poised to reshape demand

Cryptocurrency infrastructure is shifting focus toward artificial intelligence agents, which developers believe will drive new demand for blockchain networks. Ethereum and Solana have seen increased activity from AI-powered systems executing transactions autonomously. The infrastructure layer—the underlying technology that supports these operations—has matured enough that builders are now layering AI capabilities on top. This represents a departure from the previous cycle, when speculation and retail trading dominated. Developers and investors will spend the coming months testing whether AI agents can sustain genuine utility on blockchain networks, rather than simply generating trading volume. The outcome will likely determine whether this infrastructure era produces lasting value or repeats the pattern of earlier booms.

CNBC ↗

CryptoThe Motley Fool

In a Down Crypto Market, Does Investing in Prediction Markets Make Sense?

Prediction markets are drawing fresh attention even as the broader crypto sector struggles with weak prices and investor skepticism. First, these platforms let people bet on real-world outcomes—elections, weather, earnings reports—and they've historically offered better accuracy than traditional polls or expert forecasts. Then there's the practical question: while most crypto assets have lost value this year, prediction markets like Polymarket have actually seen growing trading volume, suggesting some investors see them as more grounded than speculative tokens. And finally, the regulatory picture remains uncertain—the SEC hasn't settled how it'll treat these platforms long-term, which means timing any entry carries genuine risk. For now, they're less a crypto play than a distinct market with its own logic.

The Motley Fool ↗

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