Ponte de criptomoedas perde quase todo os 200.000 XRP em 97 minutos
Entendendo Ripple, XRP e XRPL (3:17) Um atacante drenou perto de 200.000 XRP da ponte de ponte entre cadeias (cross-chain) da Coreum em um intervalo rápido de 97 minutos em 9 de agosto, explorando uma falha na forma como a ponte confirmou depósitos — e não qualquer fraqueza no próprio XRP Ledger. Uma ponte entre cadeias conecta duas blockchains separadas, permitindo que os usuários movam ativos entre redes que não conseguem se comunicar diretamente. A ponte da Coreum permitiu que os usuários bloqueassem XRP no XRP Ledger e recebessem um número equivalente de tokens na rede da Coreum.
‘People are putting money behind the outcome’ — Polygon CEO on Polymarket (4:35) Italy's heat waves have put the country's "cheese banks" at risk, which store wheels as collateral to grant loans, Euro News reported on Aug. 11. Italy has the largest variety of cheeses of any nation in the world, with over 2,500 traditional varieties. The Mediterranean country's economy is also deeply tied to its cheese industry. Related: Major gold holder gives customers weeks before platform shutdown The country has a long tradition of "cheese banks," the climate-controlled vaults in the Emilia-Romagna region where enormous quantities of Parmigiano Reggiano cheese are kept as collateral for farm loans. Parmigiano Reggiano or Parmesan is a hard and granular cheese produced from cow's milk and aged at least 12 months. The variety is named after the Italian provinces of Parma and Reggio Emilia where it is produced. Parmigiano is the Italian adjective for the city and province of Parma and Reggiano is the adjective for the province of Reggio Emilia. The logo of Parmigiano Reggiano is pictured on a wheel of cheese at the Casearia Castelli, member of Lactalis Group, at the Caseificio Tricolore in Reggio Emilia, Northern Italy, on April 19, 2023. Getty Images Blockchain technology digitizes cheese loan process Credito Emiliano is an Italian bank well-known for storing wheels of Parmigiano Reggiano cheese as collateral for loans since 1953. Its subsidiary, Magazzini Generali delle Tagliate, matures the cheese in Reggio Emilia and Modena, holding more than half a million wheels worth well over €300 million. Cheese producers can secure 60%-80% of a wheel's value upfront when they collateralize it. The industry is also using blockchain technology to digitize the loan process, the Euro News report said. Blockchain technology is a decentralized digital ledger that stores data across a network of computers. Information is grouped into blocks and linked together in a chronological chain. Once recorded, the data cannot be changed without the network consensus, making it safe from tampering. Thanks to this technology, farmers can even pledge wheels onchain while the cheese stays in their own stores. However, "cheese banks," which store wheels in vaults as collateral, are still prevalent. Related: What is blockchain? Explained Italy's extreme heat puts 'cheese banks' at risk But the extreme heat in the region this summer is making it risky to keep the inventory at the right temperature, the report said. Daily power consumption at the cheese vaults rose roughly 30% at the peak of this summer, which forced the bank to upgrade cooling and other systems. As wheels sometimes mature for three years, every hot summer compounds the cost long before the cheese can be sold, as per the report. This year's summer is turning out to be one of the hottest in the country's recorded history. Here is how things get worse. As the temperature hits 40°C, cows rest more and eat less, due to which milk yields reduce by as much as 10%. "Extreme heat impacts milk's quality and quantity," said the Parmigiano Reggiano Consortium's president Nicola Bertinelli. Trending on TheStreet Roundtable: BlackRock reveals what Bitcoin investors feel right now Billionaire sues ex-employee over alleged theft Russia will let investors trade three major cryptocurrencies Polymarket traders bet on temperature Launched in 2020, Polymarket is the world’s largest prediction market. It is built on Polygon, the Ethereum-based layer-2 blockchain network. The prediction market lets traders predict events like future Bitcoin (BTC) prices, election results, temperature, etc., by paying with cryptocurrency. Users can deposit Circle's USDC stablecoin, a type of digital dollar, and trade shares that represent the likelihood of specific future outcomes. As Italy put all 27 of its major cities on the highest heat alert last week, Polymarket traders are betting on the highest temperature in Milan. Milan is not only Italy's economic capital, it is also a global fashion capital and an international tourist destination. Tourists flocking to the city seek famed Italian cheeses, and the delicacies are a major part of the food tours. As the tourist city, like other parts of the country, sees its temperature soaring, authorities have warned people to avoid direct sunlight between peak daytime hours, to stay indoors where possible, and to drink at least 1.5 liters of water a day. Tourists could also rethink their Milan plans due to the heatwave. Highest temperature in Milan on August 13, Source: Polymarket Amidst these conditions, Polymarket traders are betting on the highest temperature in Milan on Aug. 13. 41% of the Polymarket traders think the city's temperature will go as high as 35°C, 37% of them think 34°C, and 16% of them are betting it will be as high as 36°C. Less than 1% of the traders think Milan's temperature on Aug. 13 will reach 39°C or higher. As per the World Meteorological Organization, Milan's temperature stood at 34°C at the time of writing on Aug. 11. Milan, Italy temperature, WMO Weather-related markets face criticism However, such weather-related markets have also faced criticism. For instance, some U.S. senators recently urged a ban on wildfire-related bets in the wake of Oregon wildfires because they incentivize traders to commit arson or act mischievous to make sure their bets are successful. "When tragedy unfolds, people turn to the news for commentary and they come to Polymarket for information," A Polymarket spokesperson then told TheStreet Roundtable. "While we are not blind to the risks, removing these markets does not prevent a tragedy but makes the most accurate information less accessible to the people who need it most.” As reported earlier, a trader betting on Paris temperature in April was found to be manipulating a sensor device to ensure they win the related market. So, Polymarket trades are highly sensitive and aren't immune to unfair practices. Related: U.S. senators seek ban on wildfire betting
O alerta de Elon Musk sobre a IA e o dólar está começando a se tornar realidade
Como Elon Musk se tornou importante para as criptomoedas (2:59) Em abril, Elon Musk fez uma declaração em que a maioria das pessoas se enquadrou nas regras de IA e seguiu em frente. Lendo de novo em agosto, com o Bitcoin sendo negociado perto de US$ 64.000 e a IA eliminando empregos a uma taxa de 27.000 cortes por trimestre, isso muda de sentido. "Se a IA e os robôs aumentarem a produção", escreveu Musk no X, "então você precisa emitir dólares para as pessoas ou haverá uma desinflação massiva." O argumento central dele é simples: a automação poderia expandir a produção de forma tão drástica que os preços despencariam, a menos que o poder de compra fosse distribuído para acompanhar a nova oferta.
Principal detentor de ouro dá semanas aos clientes antes do encerramento da plataforma
Por dentro da Tether: como funciona a emissora do USDT e por que ela é questionada (4:10) A Tether deu às últimas pessoas usuárias de sua plataforma de empréstimos lastreados em ouro apenas algumas semanas para retirarem seus ativos antes que ela feche definitivamente. A empresa é mais conhecida pelo USDT, o maior stablecoin do mundo, um token digital projetado para ser negociado a um valor fixo — neste caso, um dólar americano. Relacionado: popular detentor de ouro encerra experimento com dólar Essa paridade é mantida por uma grande carteira de reservas. De acordo com a atestação do segundo trimestre de 2026 da Tether, revisada pela empresa de contabilidade BDO, as reservas somavam cerca de US$ 187,8 bilhões e eram mantidas principalmente em títulos do Tesouro dos EUA e equivalentes de caixa (aproximadamente 80%), juntamente com cerca de US$ 18,8 bilhões em ouro, cerca de US$ 7 bilhões em Bitcoin e um conjunto menor de empréstimos garantidos e outros investimentos.
Mineradora de Bitcoin oferece 18.750 BTC por US$ 600M; veja o que isso significa
MoneyGram traz dinheiro para cripto (3:32) A MARA Holdings Inc. (anteriormente conhecida como Marathon Digital Holdings) acabou de realizar um dos movimentos corporativos de financiamento em Bitcoin mais significativos de 2026. O minerador listado publicamente garantiu US$ 750 milhões em linhas de empréstimo combinadas por meio de dois empréstimos a prazo que foram concluídos em 4 de agosto, de acordo com o formulário trimestral 10-Q/SEC da empresa, com garantia integralmente em 18.750 BTC, no valor aproximado de US$ 1,2 bilhão pelos preços atuais. No entanto, apenas US$ 600 milhões representam novo endividamento. A Coinbase Credit forneceu uma linha de US$ 450 milhões, composta por US$ 300 milhões em financiamento novo e o refinanciamento da linha de crédito existente de US$ 150 milhões da MARA. A Two Prime Lending, separadamente, concedeu um empréstimo a prazo (term loan) de US$ 300 milhões totalmente sacado.
Banco Nacional do Canadá revela participações em XRP
Entendendo Ripple, XRP e XRPL (3:17) O Banco Nacional do Canadá, o sexto maior banco comercial do país, revelou em um pedido 13F junto à Comissão de Valores Mobiliários dos EUA (SEC) que tem exposição ao XRP por meio de ETFs em sua carteira. O banco também detém Bitcoin (BTC), Ethereum (ETH) e Solana (SOL) por meio de ETFs e ações de criptomoedas populares em sua carteira. Relacionado: Outro grande ETF divulga uma enorme venda de XRP XRP Com uma capitalização de mercado de US$ 63 bilhões, o XRP é a sexta maior criptomoeda.
$190,000 Bitcoin bounty up for grabs and the thief is invited to collect
Crypto hacks drain out $3.4B in just one year (3:33) BTCPay Server, the free, self-hosted software many merchants use to accept Bitcoin, disclosed on Aug. 7 that a critical vulnerability was being actively exploited against live servers — and that some users had already lost funds. The project said the vulnerability allowed an attacker to obtain LND admin macaroon credentials from affected instances and gain access to connected Lightning Network wallets. In simple terms, the flaw handed attackers the keys to the Lightning node behind a merchant's payment server, letting them move the money out. The bug affects every version before 2.4.2, and confirmed victims include the maker of the Passport hardware wallet, Foundation, and the publication Citadel21, whose nodes were swept before the public warning went live. BTCPay has not said how much was stolen or how many servers were hit. Related: U.S. Treasury to share cyber alerts with eligible exchanges Technical details and remediation steps have been published in a security advisory on X. Users who have not updated are urged to move immediately to version 2.4.2, which also refreshes LND and regenerates the admin macaroon. Crucially, the project warns that updating alone is not enough: the patch stops new access but does not invalidate credentials already stolen, so operators must also revoke their LND macaroons and move funds out of any BTCPay-generated hot wallet. "To the users who lost funds: we are sorry. We will examine our mistakes, but regret alone will not help affected users or secure the project. There is no time to waste. We have to learn, improve, and act quickly." Recovery bounty details Friends and supporters of the project have committed funds for a bounty equal to 10% of any amount recovered, capped at a maximum of 3 BTC — roughly $190,000 at recent prices — if the full sum is returned. The offer is open to anyone with actionable information that could lead to recovery, including the attacker. Secure channels such as Signal can be arranged on request. If multiple tips contribute, the bounty will be split based on usefulness of the information, amounts lost and recovered, and other factors, in coordination with the victims. Separately, the BTCPay Server Foundation is donating 0.21 BTC to Sparrow Wallet developer Craig Raw and another 0.21 BTC to the Bitcoin Red Team for their responsible disclosure of the flaw. Raw discovered the issue and reported it privately, giving developers time to prepare a fix before details became public. "The BTCPay Server Foundation will donate 0.21 BTC to Craig Raw and 0.21 BTC to the Bitcoin Red Team fund for their responsible security disclosure of the vulnerability. These are modest contributions." Related: What happens to your money if dollar collapses? Michael Saylor has an answer Next steps for affected users Impacted users who have not yet reported are asked to email the project's security address with on-chain addresses and transaction details. The project also advises filing reports with local authorities and contacting any exchanges or services where the stolen funds may appear; individual reports help build a clearer evidence trail and raise the chance of freezes. BTCPay Server said it is working with exchange security teams, blockchain analytics firms and law enforcement. Going forward, the project will prioritize security patches and hardening over new features, and it recommended keeping excess funds in cold storage rather than in hot wallets connected to a payment server. Trending on TheStreet Roundtable: Cathie Wood trims Ethereum exposure on 11th anniversary U.S. Treasury attacks Iran's Hormuz 'extortion' network JPMorgan issues blunt warning on crypto's future The team said the incident underscores the growing challenge of defending open-source Bitcoin software as AI tools make vulnerability hunting faster and cheaper. It also lands during a rough stretch for Bitcoin infrastructure, coming just days after a separate exploit tied to a firmware flaw drained tens of millions of dollars from Coldcard hardware-wallet users. Related: If you invested $1,000 in gold, Bitcoin and $TRUMP on Inauguration Day, here is what each is worth today
KAST names Stripe veteran Connor Fitzgerald to lead its U.S. business
What is a stablecoin? Explained (3:33) KAST, a financial platform built on stablecoin technology, has appointed Connor Fitzgerald as its U.S. general manager, tapping a payments-industry veteran to drive its expansion in the world's largest financial market. KAST is a company that lets people and businesses send, receive, and convert money across borders using stablecoins, digital tokens pegged to a currency like the U.S. dollar, rather than traditional banking networks. Founded in July 2024 by former Circle executive Raagulan Pathy, it offers dollar-denominated accounts and payments across more than 170 countries. Related: Cantor Fitzgerald doubles down on crypto stock What Fitzgerald will take on In the new role, Fitzgerald will lead KAST's U.S. operations, scaling its core platform, launching a business-focused product called KAST Business, building a local team, and bringing new consumer and business offerings to the market. The company said it has grown to about 250 full-time employees across engineering, product, and compliance, reached more than one million users, and is processing roughly $5 billion in annualized transaction volume. "We're excited to have Connor as part of our exceptional KAST team to scale in the world's biggest financial market," said Pathy, KAST's founder and CEO, adding that Fitzgerald knows how to drive growth across fintech. Trending on TheStreet Roundtable: BlackRock reveals what Bitcoin investors feel right now Bad news for the economy just became great news for Bitcoin Cathie Wood has strong words about Cloudflare's earnings call A résumé built in payments and crypto Fitzgerald joins from Bridge, now part of Stripe, where he was head of partnerships for cards and helped build its global stablecoin card program from scratch, expanding it to more than 100 markets. Earlier, he led business development and product strategy at Coinstar and was an early employee at the fintech app Dave, helping scale it through its 2022 public listing. Fitzgerald said stablecoins require rebuilding finance "from first principles," and that KAST stood out for investing early in hard areas like licensing and compliance, real infrastructure, and greater ownership of the underlying rails. The hire follows KAST's $80 million Series A round, which the company said is funding expansion across North America, Latin America, and the Middle East. KAST also noted that global stablecoin volume hit a record $33 trillion in 2025, exceeding Visa and Mastercard combined, citing Bloomberg and Artemis Analytics.
A Rússia permitirá que os investidores negociem três das principais criptomoedas
Como negociar cripto (4:26) Na semana passada, o presidente russo Vladimir Putin assinou uma lei para fornecer, pela primeira vez, uma regulamentação abrangente das criptomoedas no país. Após o seu aceno, o banco central do país propôs a negociação em bolsa de três criptomoedas, a saber Bitcoin (BTC), Ethereum (ETH) e a stablecoin Tether (USDT). Relacionado: Putin dá um passo raro enquanto a Rússia afirma novos alvos financeiros da Ucrânia O que a lei mais recente significa para os traders de cripto russos A lei histórica assinada por Putin em 4 de agosto permite que investidores de varejo (não qualificados) comprem criptomoedas mais líquidas, limitadas a 300.000 rublos (US$ 3.700) por ano por intermediário, mas não impôs tais restrições a investidores qualificados.
Peter Thiel-backed company faces Q2 reality check before earnings
Missing Jobs data sends markets reeling (1:57) Bullish, the institutional-focused cryptocurrency exchange backed by billionaire investor Peter Thiel, heads into its second-quarter earnings report with Wall Street seeing significant upside despite a difficult quarter for crypto trading businesses. The company is scheduled to report results before the U.S. market opens on Aug. 13, exactly one year after its blockbuster stock-market debut. Wall Street analysts expect Bullish to report adjusted earnings of $0.09 per share and roughly $87.4 million in revenue, according to Yahoo Finance data. Revenue is projected to rise about 53% from a year earlier, though the consensus earnings estimate has slipped from $0.15 about three months ago. Related: MoneyGram brings cash-to-crypto service to Solana Analysts remain relatively optimistic FactSet data cited by The Wall Street Journal shows five analysts with "Buy" ratings and six at "Hold," with an average price target of $40.75, roughly 66% above the recent share price of about $24.60. Citi's Peter Christiansen reiterated a "Buy" on July 28, though he cut his target to $50 from $65. Clear Street's Owen Lau initiated coverage with a "Buy" and a $40 target on July 24, and Deutsche Bank's Brian Bedell holds the most bullish target among recent calls, maintaining a "Buy" on May 15 while trimming his to $61 from $63. Supporters point to Bullish's institutional client base, its fast-growing derivatives business, and an early push into tokenization and stablecoins. However, JPMorgan has stayed on the sidelines with a "Neutral" rating and cut its price target this year. For context, Bullish is a digital-asset exchange aimed largely at institutional traders, offering both spot and derivatives trading. It is led by CEO Tom Farley, a former president of the New York Stock Exchange, and is backed by Thiel's venture firm Founders Fund, BlackRock and Cathie Wood's ARK Investment Management also bought into its IPO. It also owns CoinDesk, the long-running crypto news publication. Bullish acquired CoinDesk in November 2023 from Digital Currency Group — which had put the publication up for sale after the bear market battered its parent — in an all-cash deal reported at around $75 million. CoinDesk continues to operate as an independent subsidiary. Bullish's Aug. 13, 2025 IPO was one of the year's hottest. It priced at $37 a share — above its expected range, then opened at $90, spiked as high as $118 (triggering a volatility halt), and closed its first day up more than 80% near $68. A year later, the stock sits around $24.60, well below both its IPO price and its debut close, as the crypto downturn cooled the frenzy around newly public digital-asset names. Trending on TheStreet Roundtable: Kevin O'Leary bets millions on rare sports cards over gold and crypto Top economist says Bitcoin has one flaw gold will never have Ondo's USDY crosses $2.1B market cap in 3 years A brutal quarter for crypto firms Bullish reports after a punishing stretch for the industry, as falling digital-asset prices squeezed both trading activity and balance sheets. The exchange handled $130.7 billion in total spot and derivatives volume in the quarter ended June 30, down 33% from the prior quarter. Coinbase reported a $359.5 million net loss for the second quarter as softer markets weighed on its business. And Strategy, the world's largest corporate Bitcoin holder, booked an $8.32 billion unrealized loss on its Bitcoin as prices fell, driving an $8.22 billion net loss for the quarter. Bullish itself entered Q2 on the back foot, having missed Wall Street expectations in the first quarter: its adjusted earnings of $0.13 per share came in below the $0.17 estimate. Bullish shares were trading around $24.47 at the time of writing, down roughly 0.5% on the day. Related: Analyst predicts 55% rally for surging stock on $9B Anthropic deal
O Bitcoin poderia realmente cair para US$ 20.000? Analista alerta para 2027
Crypto Startup oferece empréstimos sem juros que não podem ser liquidados (6:25) A maioria dos analistas que cobre o Bitcoin atualmente fala sobre fundos e recuperação. Alessio Rastani fala sobre o que vem depois do repique, e a imagem que ele pinta é bem mais sombria do que o consenso. O trader veterano e analista de mercado acredita que o Bitcoin está destinado a uma alta de curto a médio prazo nos próximos três a seis meses. Depois, na visão dele, as coisas ficam difíceis. Primeiro um repique; depois a queda de verdade O framework de Rastani separa o que está acontecendo agora do que ele espera em 2027.
Analista prevê alta de 55% para ação em disparada com acordo da Anthropic de US$ 9 bilhões
Explicado: O que é mineração de Bitcoin? (6:23) A Riot Platforms (Nasdaq: RIOT), empresa de infraestrutura de dados conhecida por suas operações de mineração de Bitcoin (BTC) e inteligência artificial (IA), assinou um contrato de 20 anos com um laboratório líder de IA em 10 de agosto. A Bloomberg identificou o laboratório de IA como a Anthropic. A Riot anunciou o arrendamento do data center com a Anthropic para 191 MW de capacidade crítica de TI no seu campus de Rockdale. O acordo deve gerar aproximadamente US$ 9,1 bilhões em receita total de contratos ao longo do termo inicial de 20 anos, disse a empresa.
MoneyGram leva serviço de dinheiro-para-cripto à Solana
Solana está se tornando o “Nasdaq onchain”, diz executivo da Solana Foundation (2:25) A MoneyGram lançou seu serviço de on- e off-ramp de cripto na Solana, permitindo que as pessoas na rede movam-se entre ativos digitais e dinheiro físico por meio da rede global da empresa de pagamentos. A MoneyGram é uma empresa de pagamentos com mais de 85 anos de experiência, atendendo mais de 60 milhões de clientes por meio de quase meio milhão de unidades de varejo em todo o mundo. Seu produto, MoneyGram Ramps, é uma ferramenta que permite que aplicativos conectem usuários a serviços de cripto-para-dinheiro e dinheiro-para-cripto, sendo o “ramp” a ponte entre o dinheiro tradicional e os ativos digitais.
A BlackRock revela o que os investidores em Bitcoin sentem agora
Com o BlackRock Bitcoin ETF, os adultos estão aqui (0:57) O chefe de ativos digitais da BlackRock, Robert Mitchnick, apareceu para uma entrevista na Bloomberg em 10 de agosto, na qual compartilhou palavras fortes sobre o sentimento prevalente entre os investidores em Bitcoin neste momento. A BlackRock lançou o iShares Bitcoin Trust (IBIT), seu ETF spot de Bitcoin (exchange-traded fund) nos Estados Unidos, em janeiro de 2024. Desde então, o fundo manteve sua posição como o maior ETF de Bitcoin apesar das altas e baixas. De acordo com a SoSoValue, a IBIT detém ativos líquidos no valor de US$ 48,51 bilhões em 7 de agosto.
‘Crypto must earn trust’: Crystal Intelligence CEO on scams and security (5:25) Russell Wilson is the billionaire founder of CoinSpot, one of Australia’s largest cryptocurrency trading exchanges. Founded in 2013, CoinSpot reported a $270 million net profit in the 2025 financial year. On Aug. 10, a local media outlet reported that he has sued an ex-employee for allegedly stealing around $500,000 from the exchange. Related: Crypto investor found dead outside his apartment The court documents filed by CoinSpot’s parent company, Casey Block Services, claim that customer support team member Iresh Pawan Perera moved $478,932 out of the company into his personal bank account across 76 transactions in the two years to March. The lawsuit claims Perera converted CoinSpot’s digital currency for “his own use by exchanging it” into cash. His job was terminated immediately on March 9 because the alleged misappropriation of funds amounted to “material breaches” of his employment agreement. Perera is yet to file a defence. Trending on TheStreet Roundtable: Kevin O'Leary bets millions on rare sports cards over gold and crypto Top economist says Bitcoin has one flaw gold will never have Ondo's USDY crosses $2.1B market cap in 3 years Wilson’s company is seeking damages worth $478,932, in addition to interest. The case will resume in September. A CoinSpot spokeswoman told the publication that she could not reveal more details about the crypto exchange’s legal battle with its ex-employee while the matter is sub judice. “CoinSpot enforces robust safeguards to ensure operations and assets remain secure,” she said. “We take the security of our customers’ holdings extremely seriously and have not had customer funds impacted on our platform. CoinSpot has zero tolerance for fraud and will always work closely with law enforcement to protect our users." Related: Cathie Wood has strong words about Cloudflare's earnings call
A oferta de stablecoins da Solana cresceu 11x em três anos
Presidente do Solana Policy Institute sobre regras de stablecoin (3:13) A Solana se tornou um dos lares mais movimentados para stablecoins, com o valor desses tokens na rede subindo acentuadamente ao longo dos últimos três anos. A Solana é uma blockchain construída para transações rápidas e de baixo custo, qualidades que a tornam especialmente adequada para stablecoins, tokens digitais atrelados a uma moeda como o dólar americano e usados para movimentar dinheiro ou negociar sem as oscilações de outras criptomoedas. De acordo com dados da empresa de análises Artemis, a oferta total de stablecoins na Solana cresceu de cerca de US$ 1,5 bilhão há três anos para aproximadamente US$ 16,7 bilhões hoje.
Billionaire reveals the exact number you need for true financial freedom
Book Review: Changpeng Zhao's 'Freedom of Money' (2:34) How much money does a person actually need? Changpeng Zhao, the crypto billionaire better known as CZ, has a number in mind, and it is a lot smaller than his own fortune. In a May 9 interview on the show Crypto Banter with host Ran Neuner, Zhao argued that wealth stops buying happiness far earlier than most people assume. "You don't need that much money to have a decent life," he said, "and also having luxury watches doesn't make you happy." Related: Mark Zuckerberg's grand AI vision hits a brutal reality check The number that counts as 'enough' Pressed on where "enough" begins, Zhao put a figure on it. "I think USD 10 million is enough for financial freedom if you live a normal life," he said. Above that, he argued, the benefits fade fast: a jump from $10 million to $20 million might still make a small difference, but "beyond 50 million? Zero difference." He set $100 million as the ceiling where money stops mattering entirely. "If you have 100 million dollars and you say, 'oh, I am not happy, 200 million dollars would make me happier,' that is just craziness," he said. Why chasing more backfires Zhao's larger point was that treating money as the source of happiness is a trap. "I don't think you should make it your goal to enjoy your money," he told Neuner, "and then you're working for the money. And then your money controls you." Trending on TheStreet Roundtable: Kevin O'Leary bets millions on rare sports cards over gold and crypto Top economist says Bitcoin has one flaw gold will never have Ondo's USDY crosses $2.1B market cap in 3 years The billionaire offered himself as proof. Asked what his wealth actually buys him that he enjoys, Zhao pointed to a collection of camera gadgets he rarely touches. "I use them once, I put them away, but it doesn't make me happy," he said, adding that once someone has enough, "you shouldn't rely on having more money to make you happy. That doesn't work." Changpeng Zhao, famously known as CZ, attends the 'CZ meets Italy' at Palazzo Brancaccio on May 10, 2022, in Rome, Italy. Antonio Masiello/Getty Images His personal style backs up the philosophy. Despite his fortune, Zhao is known for dressing simply, usually in Binance-branded hoodies and T-shirts rather than the luxury trappings his wealth could easily afford. What matters more, he said, is family and health. The advice is striking coming from its source. Zhao founded Binance in 2017 and built it into the world's largest cryptocurrency exchange, and Forbes pegs his real-time net worth at $109.7 billion as of August 10, the 17th-largest fortune in the world, and by his own math, more than 1,000 times what a person needs. Related: Elon Musk warns America will 1,000% go bankrupt and fail as a country
Bad news for the economy just became great news for Bitcoin
Missing Jobs data sends markets reeling (1:57) Friday's US jobs report landed like a surprise. Economists surveyed by Bloomberg had forecast 80,000 new jobs created in July. The actual number was negative 23,000, meaning the economy shed jobs rather than added them. According to the U.S. Bureau of Labor Statistics, the unemployment rate ticked down to 4.1 percent, though that decline was driven partly by a shrinking labour force rather than stronger hiring. Within minutes of the release, Bitcoin cleared $65,000, a level that had resisted it for weeks, and touched an August high of $65,300. To anyone watching both headlines simultaneously, the move made no obvious sense. The economy lost jobs. Bitcoin went up. Here is exactly why those two things are connected. The Fed is the link The Federal Reserve sets interest rates. When the economy is strong, jobs growing, inflation elevated, the Fed raises rates or holds them high to cool things down. When the economy weakens, jobs falling, hiring stalling, the Fed has less justification to keep rates high and more reason to cut them. Related: If you invested $1,000 in gold, Bitcoin and $TRUMP on Inauguration Day, here is what each is worth today Higher rates make borrowing expensive, strengthen the dollar, and pull money toward safer assets like Treasury bonds, away from risk assets like Bitcoin. Lower rates do the opposite. They weaken the dollar, make bonds less attractive, and push capital toward higher-return assets. Friday's jobs number, negative 23,000 against an expectation of positive 80,000, is a significant miss. It makes a September rate hike significantly harder to justify. Following the report, futures markets moved to price in roughly a 56 percent chance the Fed pauses at its September 16 meeting, up from roughly 35 percent the previous day. That single shift in rate expectations was enough to send Bitcoin through the resistance level it had been unable to break for weeks. Why Bitcoin specifically Bitcoin is increasingly traded as a macro asset, not just a crypto one. Large institutional holders, ETF managers, and hedge funds treat it as part of a broader risk-on, risk-off framework alongside equities, gold, and emerging market currencies. Trending on TheStreet Roundtable: Cathie Wood trims Ethereum exposure on 11th anniversary U.S. Treasury attacks Iran's Hormuz 'extortion' network JPMorgan issues blunt warning on crypto's future When the macro environment shifts toward lower rates and a weaker dollar, money moves into Bitcoin alongside those other assets. Bitcoin’s 24-hour trading volume reached approximately $21.2 billion heading into the Aug. 7 weekend, significantly above its recent daily average. The surge suggests Friday’s move was backed by stronger market participation rather than being driven solely by retail activity. The number to watch now Bitcoin is trading at approximately $64,940 today, holding most of Friday's gains. The September 16 Fed meeting is now the single most important date on the crypto calendar. If the jobs report weakness persists into August data, due before that meeting, the case for a Fed pause strengthens further and Bitcoin's path toward $70,000 becomes cleaner. Bad jobs data is good for Bitcoin. Not because the economy suffering is good for anyone. But because the Fed's response to that suffering is what drives the trade. Related: Bitcoin has never broken this line in 15 years, it is on it right now
Mayflower touts 'value machine' to strip risk from crypto lending
Crypto Startup Pitches Interest-Free Loans That Can't Be Liquidated (6:25) Every loan in history has come with an interest rate, a due date, and someone who can take your collateral. "When you say credit or debt, it's a loaded term and people assume certain things," Colin Sinclair, chief business officer at Mayflower said to TheStreet Roundtable. "You're gonna have to repay somebody by this point in time. Until you repay them, there's gonna be interest payments. And if the value of your collateral goes down, they're gonna liquidate you so they don't lose money." None of that is malice, it's what lending between humans requires. His answer is to remove the human. The Assured Value Machine, or AVM, is what he calls "the core innovation of our whole stack." "It charges a one-time borrow fee. There's buy, sell and borrow fees, but there is no ongoing interest," he said. Related: Explained: What is a smart contract? A vending machine with a floor "Think of it like a vending machine," Sinclair said. "I put my dollars in, I get my token out." Every dollar that buys in stays inside the machine, creating a bonding curve that is itself the entire market for the token. "Now it has a full view of the supply. So using math, some calculus and code, it can establish a floor price. If everyone who just bought their tokens decided to turn and sell, the last one sold would still fetch that floor price," he said. Because the machine knows the minimum every token can be redeemed for, it can lend against that minimum with no fear of a shortfall. "There's no need for a liquidation engine. It doesn't even have one. This is trustless. You could leave and go to Mexico and spend your money on the beach, and your tokens are locked until you repay that debt. But if you don't repay that debt, everything else functions as normal," Sinclair said. "Think of it like a perpetual loan where no other holder of those tokens cares or relies on anyone else to be a good steward of that debt." It's worth being precise about what the borrower gives up. The loan is capped at the floor value, which sits below market price, and the tokens stay locked until repayment. In practice, "obligation-free credit" resembles a partial redemption with an option to buy back in. The obligation hasn't vanished so much as been prepaid in collateral. More news: U.S. senators seek ban on wildfire betting Ondo Perps hits $7 billion in volume weeks after launch Shark Tank's Kevin O'Leary reveals one asset that could outperform gold 'Tell that to the guy who bought Nakamoto' To explain what the AVM actually fixes, Sinclair pointed to one of crypto’s biggest trades in 2025: digital asset treasuries. More specifically, he pointed to Nakamoto ($NAKA), the Bitcoin treasury formed through a merger with KindlyMD. Nakamoto’s stock has fallen roughly 95% from its May 2025 peak, and its market cap sits at around 25-30% of the value of its Bitcoin holdings. Many would use this extraordinarily low multiple of net asset value (mNAV) to argue that NAKA was undervalued and a good investment. Sinclair doesn’t see any reason to think that. "There's zero actual connection between the NAV and what the shares are worth," Sinclair said. "Tell that to the guy who bought Nakamoto 40% below." The AVM, he argues, is what a treasury company would look like if the discount were impossible. "Think of it like an on-chain reserve, a digital asset treasury, where it cannot trade below the NAV. It can trade above it, and there's an area of volatility above this floor price. But that floor price is a hard stop. Math and code doesn't care what anyone thinks or says," he said. "If you think you could sell one of these AVM assets below the floor, that would be the equivalent of saying: watch this, I'm going to take my calculator and type in 4 plus 4 and it's not going to equal 8. Good luck with that.”
Trolls sequestram o maior evento de investidores da SpaceX
A SpaceX (Nasdaq: SPCX) fez sua estreia no mercado público em 12 de junho de 2026, após precificar ações a $135 no que se tornou a maior oferta pública inicial da história. As ações dispararam chegando a $225,64 durante a primeira sessão, antes de fechar em $184. Menos de dois meses depois, a empresa espacial de Elon Musk divulgou seus primeiros resultados trimestrais como empresa pública. A SpaceX reportou receita do 2º trimestre de US$ 7,81 bilhões em 4 de agosto, alta de 92% em relação ao ano anterior, enquanto seu prejuízo líquido diminuiu para US$ 541 milhões, ante cerca de US$ 1 bilhão. O EBITDA ajustado saltou 191% para US$ 3,5 bilhões.