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Bitcoin ‘ugly daily candle’ could signal drop below $117K: Trader

Bitcoin’s price chart indicates there could be further downside following a slight stumble on Monday with Bitcoin falling 2.6% over 24 hours, a crypto analyst says.
“Quite ugly daily candle,” MN Trading Capital founder Michael van de Poppe said in an X post on Monday, after Bitcoin (BTC)
BTC-2.4%
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Steak ‘n Shake thanks Bitcoiners as same-store sales rise 11% in Q2

US fast-food chain Steak ‘n Shake has tipped its hat to Bitcoiners after reporting a 10.7% quarter-on-quarter same-store sales increase in Q2 — outpacing America’s top food chains over the same timeframe.
“Bitcoin has been a game changer,” Steak ‘n Shake posted to X on Friday, thanking Bitcoiners f
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Bitcoin miner MARA to acquire majority stake in Exaion in AI, HPC play

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Do Kwon to change plea in criminal case at Wednesday conference

A federal judge overseeing the case against Do Kwon has scheduled a Tuesday conference at which the Terraform Labs co-founder “may enter a change of plea.”
In a Monday filing in the US District Court for the Southern District of New York (SDNY), Judge Paul Engelmayer ordered the parties to appear i
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CoinDesk owner Bullish ups IPO goal to $1B as Wall Street backs crypto push

Digital asset exchange operator Bullish raised the target valuation for its initial public offering by almost 60% to potentially $990 million, a move that may reflect growing investor appetite amid renewed momentum in crypto-related stocks.
Bullish now plans to sell 30 million shares at $32 to $33
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Crypto helps emerging economies bypass legacy financial constraints

Opinion by: Andrei Grachev, managing partner at DWF Labs
Bitcoin's role in sovereign finance is no longer hypothetical
As nation-states reassess reserve strategies amid inflation, sanctions and dollar volatility, crypto, particularly Bitcoin and stablecoins, is emerging as a neutral,
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South Korean investors swap US Big Tech stocks for crypto-linked equities

South Korean retail investors are pivoting away from Big Tech stocks in the United States into high-risk, high-reward crypto-linked equities
A Yonhap News Agency report citing data from the Korean Center for International Finance (KCIF) said that the amount of crypto-linked stocks in the top 50
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ICE taps Chainlink to bring forex and precious metals data onchain

Blockchain oracle platform Chainlink has partnered with the US-based Fortune 500 company Intercontinental Exchange (ICE) to bring foreign exchange and precious metals data onchain
Chainlink announced Monday that the collaboration will bring ICE’s Consolidated Feed, which aggregates market data
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Bitcoin’s corporate boom raises ‘Fort Knox’ nationalization concerns

Corporate Bitcoin treasuries have surged past $100 billion, raising concerns among analysts that the United States could one day nationalize these holdings in a move reminiscent of the gold standard era.
Corporate crypto treasuries have surpassed $100 billion of digital asset holdings, with Bitcoin
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Crypto ETP inflows hit $572M as Bitcoin and Ether rebound

Cryptocurrency investment products posted gains last week, rebounding after the prior week ended a record 15-week inflow streak totaling $27.8 billion.
Global crypto exchange-traded products (ETPs) saw $572 million of inflows during the trading week ending last Friday, the European crypto asset
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MiCAR-compliant crypto fundraising goes live in Europe

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S&P Global assigns ‘B-’ credit rating to Sky Protocol, first for DeFi protocol

S&P Global Ratings has assigned a B- issuer credit rating to Sky Protocol, formerly known as Maker Protocol, marking the first time a major credit rating agency has issued a rating for a decentralized finance (DeFi) platform.
The rating is part of S&P’s ongoing assessment of stablecoin issuers,
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