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Trending Token Price Prediction ChallengeHTX 13th-Anniversary CarnivalHTX Creation Challenge — Post and Win 1,500UKalshi blocks Washington users as court fight growsKalshi has blocked customers in Was

 Trending Token Price Prediction Challenge

HTX Creation Challenge — Post and Win 1,500U

Kalshi blocks Washington users as court fight growsKalshi has blocked customers in Washington while asking a King County judge to reconsider an injunction restricting its prediction markets.

The Aug. 21 motion argues that Washington gave competing exchange North American Derivatives Exchange, operating as OG, more favorable treatment. Kalshi and OG are both designated contract markets regulated by the Commodity Futures Trading Commission.

Judge John McHale is scheduled to consider Kalshi’s request on Sept. 2 without oral argument. The existing restrictions remain active while that request is pending.

Kalshi implemented Washington geofencing
The amended preliminary injunction required Kalshi to install IP address and residency-based controls by Aug. 19. A broader GeoComply system using multiple location sources must be operational by Sept. 2.

Kalshi could face a $120,000 daily penalty for failing to meet the second deadline unless it submits a sworn explanation for any delay. The company told the court it had already blocked Washington customers.

The order covers contracts linked to sports, elections, politics, entertainment, culture, technology and science, along with certain “mentions” markets. Record-preservation requirements also remain in place.

Washington Attorney General Nick Brown argues that those products amount to unlicensed gambling. As crypto.news previously reported, the Washington court rejected Kalshi’s initial jurisdiction argument and found the state was likely to succeed at the preliminary stage.

That finding is not a final judgment on every claim. Kalshi continues to argue that the federal Commodity Exchange Act gives the CFTC exclusive authority over contracts listed by registered exchanges.

Kalshi blocks Washington users as court fight grow

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HTX Creation Challenge — Post and Win 1,500UCrypto Market Surge: $500B Added as Market Cap Hits $2.74T Bitcoin Trims Year-to-Date Drawdown After a sluggish start to August, the cryptocurrency market s

Crypto Market Surge: $500B Added as Market Cap Hits $2.74T

Bitcoin Trims Year-to-Date Drawdown

After a sluggish start to August, the cryptocurrency market surged during the third week of the month, propelled by a U.S. Treasury bond buyback announcement and a White House meeting reaffirming the Trump administration’s support for the sector. Led by bitcoin, the broader crypto market cap expanded by $500 billion to peak near $2.74 trillion—its highest level since early May.
Bitcoin preserved most of its mid-week momentum despite a brief Sunday dip below $76,000, quickly rebounding above $77,000. Market data showed the digital asset finished the week up 22% after nearly breaching $80,000 on Aug. 21. The rally drove bitcoin’s market capitalization to $1.55 trillion and narrowed its year-to-date losses to roughly 12%—a sharp recovery from a nearly 30% drawdown at the start of the month.

While bitcoin anchored the broader market rally, Zcash posted the week’s top performance, surging nearly 70% to peak just above $873 after trading at $490 on Aug. 16. The privacy coin’s rally pushed its market capitalization past $14.5 billion—nearly double that of main rival Monero. $XRP also saw significant momentum, joining the broader altcoin surge.

Meanwhile, after dipping below $1 for the first time since mid-November 2024, $XRP joined the broader market recovery before surging near $1.70 early Aug. 22. Despite easing back to trade above $1.50, the token maintained a 51% weekly gain, making it the top-performing major altcoin behind ZEC.

$HYPE capitalized heavily on the broader market momentum, vaulting to a record high of $82.43 on Saturday. The rally was fueled in part by comments from President Donald Trump advocating for Hyperliquid’s expansion into the U.S. The milestone surge propelled $HYPE’s market capitalization toward $18 billion—a staggering trajectory for a token that opened the year trading at just $25.

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Crypto Market Surge: $500B Added as Market Cap Hit

Ray Dalio Backs Bitcoin as US Debt Could Spiral to $60 Trillion Dalio Backs Bitcoin as Debt Risks IntensifyBridgewater Associates founder Ray Dalio said growing debt, weakening demand for government b

Ray Dalio Backs Bitcoin as US Debt Could Spiral to $60 Trillion
Dalio Backs Bitcoin as Debt Risks IntensifyBridgewater Associates founder Ray Dalio said growing debt, weakening demand for government bonds, and monetary expansion could erode currencies while supporting scarce assets. In an Aug. 21 LinkedIn analysis, he stated:“I expect non-government-produced monies like gold and bitcoin to do relatively well.”

Bitcoin’s potential role rests partly on its predetermined issuance and maximum supply of 21 million coins. Its store-of-value characteristics include scarcity, portability, self-custody, and resistance to monetary debasement, although substantial volatility prevents it from providing consistent short-term stability.

Dalio’s support remains measured rather than unconditional, reflecting his continued preference for gold as the more established monetary asset. In May, he argued that bitcoin’s correlation with technology stocks weakens its safe-haven appeal when investors sell volatile holdings to cover losses elsewhere.

US Debt Could Reach $60 Trillion
Federal finances already reflect several pressures highlighted in Dalio’s debt-cycle framework, including persistent deficits and rising interest costs. The Congressional Budget Office projected a $1.9 trillion fiscal 2026 deficit, with federal outlays of $7.4 trillion, revenue of $5.6 trillion, and debt held by the public reaching 120% of gross domestic product by 2036.

America’s debt accumulation has continued at a rapid pace, strengthening arguments that scarce assets could provide protection against long-term currency depreciation. Total public debt outstanding reached $40.05 trillion as of the close of business Aug. 18, passing $40 trillion for the first time, Treasury figures released Aug. 19 showed.

Debt growth had already been running fast ahead of that milestone, adding nearly $1 trillion within five months. Dalio said current projections imply another substantial increase over the coming decade as 

Ray Dalio Backs Bitcoin as US Debt Could Spiral to

HTX 13th-Anniversary Carnival

Trending Token Price Prediction ChallengeHTX 13th-Anniversary CarnivalHTX Creation Challenge — Post and Win 1,500UPeter Schiff Says AI Could Turn Into Bitcoin's Biggest ThreatThe gold advocate and lon

Peter Schiff Says AI Could Turn Into Bitcoin's Biggest ThreatThe gold advocate and longtime $BTC critic made the argument Sunday afternoon, saying bitcoin supporters are attempting to connect the cryptocurrency with the booming AI investment trade when the technologies may actually be competitors.

“Bitcoin pumpers are trying to hitch Bitcoin to the AI wagon, hoping investors will see it as part of the AI trade. They have it backwards. AI isn’t bullish for Bitcoin; it’s a threat to it,” Schiff wrote on the social media platform X.

The economist added:

“AI competes with Bitcoin for speculative capital, electricity, and>Bitcoin miners have already felt that pressure. Some mining companies have begun converting portions of their infrastructure to support AI and high-performance computing (HPC) because those businesses can offer another source of revenue.

That development, however, does not necessarily threaten the Bitcoin network itself. It creates competition for bitcoin mining companies, which must decide whether using available electricity for mining or AI computing produces better returns.

Bitcoin was designed to adjust when mining participation changes. Roughly every 2,016 blocks, the network changes its mining difficulty to keep blocks arriving around once every ten minutes. If substantial computing power leaves Bitcoin, mining eventually becomes easier for the remaining participants.

$BTC supporters and Schiff critics quickly piled into the economist’s X thread. “AI is a threat to gold more than it is to Bitcoin, Peter,” one account fired back. Schiff, apparently unconvinced, responded, “How so?” The user then laid out the counterargument:



Peter Schiff Says AI Could Turn Into Bitcoin's Big

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Trending Token Price Prediction ChallengeHTX 13th-Anniversary CarnivalHTX Creation Challenge — Post and Win 1,500UBitcoin Mining Hits a Crossroads as Difficulty Hovers Near the FloorBitcoin Miners Kee

Bitcoin Mining Hits a Crossroads as Difficulty Hovers Near the FloorBitcoin Miners Keep Losing Ground
Bitcoin mining is now 1.31% easier than it was the day before, and the full-year scorecard shows miners have spent more time losing ground than gaining it. From the first adjustment of 2026 through the latest at block 963648, Bitcoin has recorded ten downward difficulty adjustments against just seven increases.Bitcoin’s last two difficulty adjustments logged by mempool.space.
More importantly, the losses have repeatedly dwarfed the rebounds that followed. Difficulty entered 2026 near 148.25 trillion before the Jan. 8 adjustment and now sits at 125.81 trillion, leaving Bitcoin’s mining difficulty roughly 15.1% below the level immediately before the year’s first adjustment. The real tell is where Bitcoin’s difficulty landed after all that whiplash.

Nearly Every Difficulty Comeback Has Been Erased
Difficulty cratered to 124.93 trillion on June 13, the lowest reading in 2026. It clawed back to 133.87 trillion, fell to 127.17 trillion, slipped again to 126.23 trillion, bounced to 127.48 trillion and has now retreated to 125.81 trillion. That leaves today’s difficulty barely 0.7% above the 2026 low. Put differently, almost every meaningful comeback miners managed since June has been wiped off the board.

Roughly 150 EH/s of Mining Power Disappears
The latest difficulty adjustment is especially telling because it followed a razor-thin 0.99% increase at block 961632. Instead of igniting another recovery cycle, that small gain was immediately wiped out by the 1.31% decline at block 963648. Hashrate is already well off its all-time high, and the difficulty data points to roughly 150 exahash per second (EH/s) of effective mining power disappearing from the network.



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