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BTC/USD traded near 78,900.00 early Wednesday after briefly breaking above 81,000.00 for the first time since May. The price later slipped below 78,000.00 following the release of US inflation data. Bitcoin is still up approximately 24–25% since the beginning of August, with the monthly range extending from 62,232.00 to 81,142.00.
The cryptocurrency market has staged a powerful rebound over the past seven days. At the time of writing, Bitcoin is trading near $76,900, up approximately 22.5% for the week, while Ether is holding around $2,380 after gaining 26.9%. Tether remains close to its dollar peg at $0.9995, BNB has advanced to roughly $674 (+11.6%), and XRP has climbed to about $1.35 (+35.4%), reclaiming fifth place by market capitalization. The total cryptocurrency market cap has risen to approximately $2.58 trillion, while Bitcoin dominance has reached 59.9%. The move marks a sharp reversal from last week’s crypto market pressure driven by ETF outflows and Fed risks.
BitMEX co-founder Arthur Hayes is returning to an operating role in the crypto industry as head of Flop Labs, a new project developing blockchain infrastructure and a native token for autonomous AI agents.
The U.S. Treasury Department has moved another major part of the GENIUS Act into formal rulemaking, proposing detailed standards for determining when a payment stablecoin is issued in the United States and when it is offered or sold to U.S. users.
BTC/USD remains within the 65,625.00–62,500.00 sideways range, corresponding to the Murrey [6/8]–[4/8] levels. After testing the lower boundary last week, Bitcoin has recovered and is now trading around 63,500.00 as selling pressure eases.
Binance is tightening its compliance rules by restricting transactions involving 16 crypto platforms and service providers across a phased rollout, with HTX among the most prominent names affected. Starting August 23, Binance users will no longer be able to freely send funds to or receive assets from HTX and 10 other listed platforms without triggering the exchange's compliance controls.
Tether has completed the first full independent financial statement audit in its 12-year history, with KPMG U.S. issuing an unqualified opinion on the stablecoin issuer's 2025 financial statements. The milestone addresses one of the longest-running questions surrounding the company: whether its finances and reserves could withstand the scrutiny of a full Big Four audit rather than the quarterly attestations Tether has published for years.
SafePal, a popular hardware and self-custody wallet provider covered SafePal wallet review, has disclosed a security incident that exposed order information belonging to nearly 40,000 customers, increasing the risk of highly targeted phishing attacks. The company stressed that seed phrases, private keys and crypto assets stored in SafePal wallets were not compromised.
The cryptocurrency market remains under pressure this week as investors weigh weaker institutional flows against persistent geopolitical, monetary and regulatory uncertainty. At the time of writing, Bitcoin is trading near $63,000, Ethereum around $1,878, BNB close to $606, while USDT and USDC remain near their $1.00 pegs. Total cryptocurrency market capitalization is approximately $2.24 trillion, with Bitcoin dominance around 56.3%.
For crypto, the framework is similar to traditional financial markets but comes with its own twist. Here, price action turns on liquidity, adoption, regulation, and flows from institutions alongside retail sentiment. Network health—hash rate, staking, active wallets—adds another layer. Macro still matters too: rates, dollar strength, and risk appetite shape inflows and outflows. Then, as with any market, you use the chart—trend, support and resistance, momentum, and volume—to spot setups and manage risk.