Billionaire investor Ray Dalio has renewed his call to buy Bitcoin and gold. He made the remarks as U.S. national debt crossed $40 trillion this week. Bitcoin, meanwhile, climbed toward $80,000 for the first time since May. Dalio Pushes Diversification Beyond Bonds Dalio shared his advice in a post on social media platform X. He told investors to diversify across asset classes and countries with strong balance sheets. He also urged them to avoid nations facing serious political or geopolitical conflict. The investor advised underweighting debt-based assets such as bonds. He recommended overweighting gold and holding a smaller allocation to Bitcoin instead. According to Dalio, this mix helps balance risk during periods of rising government debt. He added that holding between 10% and 15% of a portfolio in gold lowers overall risk. This guidance builds on views Dalio has expressed for years. His latest comments arrive as debt concerns intensify across financial markets. Bitcoin Rallies as...

US regulators have issued long trading and registration bans against two former FTX-linked executives as part of civil enforcement tied to the exchange’s collapse. In a separate SDNY matter, prosecutors are pushing back on a motion to dismiss in a case involving alleged insider betting on Polymarket. Taken together, the rulings and filings underscore how US oversight is extending beyond criminal proceedings—using civil instruments to restrict market access and to continue pursuing novel questions around how prediction-market “event contracts” should be treated under federal commodities law. Key takeaways The CFTC entered consent orders imposing five-year trading bans on Caroline Ellison and Zixiao “Gary” Wang, tied to their FTX roles. Those same orders also add registration bans—10 years for Ellison and eight years for Wang—separately from criminal outcomes. In SDNY, prosecutors opposed a motion to dismiss filed by a US soldier accused of more than $400,000 in alleged nonpublic-i...

Bitcoin held above $77,000 following the Wall Street open as gold joined the broader crypto upswing, pushing precious metals to multi-month highs. The move underscores how strongly investors are linking digital assets to traditional macro drivers, particularly US rate expectations and the outlook for government debt financing. Trading data cited by market commentary showed BTC cooling after briefly testing levels not seen since May 15, yet still up nearly 6% on the day. Gold tracked the risk-on momentum as well, rising to around $4,632 per ounce—its highest level since mid-May—with both assets also posting strong gains on a monthly view. Key takeaways Bitcoin consolidated above $77,000 after hitting its highest level since May 15, while gold reached a similar US-dollar strength milestone. Commentary from The Kobeissi Letter ties the cross-asset rally to inflation and US Treasury actions around debt buybacks. QCP Capital highlighted a divergence in how Treasuries, gold, and Bitcoi...

Digital-asset markets turned sharply risk-on this week, buoyed by a fresh dose of liquidity policy from Washington—framed not as quantitative easing, but as expanded Treasury buybacks in the long-dated bond segment. Bitcoin rose more than 23% toward the $79,000 area and Ether pushed above $2,400 as the market digested the implications for rates, dollar liquidity, and broader risk appetite. The move has also become a catalyst for business strategy across crypto. Standard Chartered reiterated a bullish year-end outlook for Bitcoin, while Metaplanet extended its Bitcoin treasury approach into the US through a deal to take control of a Nasdaq-listed company. In parallel, Cypherpunk Technologies broadened its mining operations into Zcash, and regulators signaled further attention on how “compute” assets could be packaged into futures markets. Key takeaways US Treasury action to at least double long-dated bond buybacks helped lift Bitcoin and Ether, reinforcing the “liquidity matters” narr...

Digital Asset, the company behind the Canton Network, is partnering with the American Idea Foundation—co-founded by former US House Speaker Paul Ryan—to pilot a blockchain-based program for administering state benefits in the United States. The initiative, branded RISE, is designed to modernize how eligibility rules and payment logic are applied when household circumstances change. According to the announcement, the pilot is planned to launch in the first quarter of 2027 and would bundle multiple benefits into monthly or twice-monthly payments. It would also incorporate spending rules for categories such as food, child care, and cash, while giving participating agencies visibility into payment status, balances, spending, and compliance information via Canton. Key takeaways RISE aims to use Canton to automate benefit distribution while adjusting support as household income changes. The system would group multiple benefits into periodic payments and apply spending constraints across ...

Crypto stocks finished the week on a strong upswing as Bitcoin reclaimed the upper end of its recent trading range. The latest leg of the rally coincided with a broader improvement in risk sentiment following an announcement from the US Treasury about doubling certain long-dated bond buybacks—an action intended to support liquidity in the Treasury market. That macro tailwind fed directly into shares linked to digital-asset demand and balance-sheet exposure. According to market data cited by Cointelegraph, Bitcoin rose above $79,000 during Friday’s trading, while major crypto-related equities posted double-digit gains. Key takeaways Bitcoin’s move above $79,000 helped lift publicly traded miners and crypto treasury companies, including Canaan, Strive and Metaplanet. US Treasury’s decision to double select long-dated bond buybacks was framed as liquidity support, boosting overall risk appetite. Crypto exchange and brokerage stocks such as Coinbase and Robinhood also advanced sharpl...

A Reuters survey found that 63% of respondents believe President Trump and his family profiting from crypto is inappropriate, while 32% believed it was appropriate. Breaking down the respondents further, 69% of Republicans considered the profits appropriate, while an overwhelming 92% of Democrats believed they were inappropriate. Survey Results The nationwide survey was conducted between August 14 and August 17 by Reuters and Ipsos, and interviewed 1,166 adults. The survey has a margin of error of around three percentage points. The survey reignited the ethical debate around President Trump and his family’s crypto investments while he is in office. Understandably, views were divided by political leanings, as Republican supporters found the earnings appropriate, while Democratic Party supporters called them inappropriate. “New Reuters/Ipsos poll: 69% of Americans, including 48% of Trump's own voters, say his business interests are influencing his presidential decisions. His crypto v...