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Bitcoin News:

• Bitcoin to $1M by 2030 is ‘mathematically impossible’ says Markus Thielen
  The trillions required to boost Bitcoin to a price of $1 million per coin is not going to happen by 2030… or perhaps ever, says party pooper Markus Thielen.
• Bitcoin could bottom in October, altcoins are ‘basically dead,’ Swan CEO says
  Klippsten said Bitcoin could bottom about a year after its previous peak and argued that crypto’s best outcome is to become part of TradFi.
• Bitcoin price drops to $62.5K as trader warns weekly close may spark more losses
  Bitcoin falls further toward new August lows, ignoring positive US inflation trends while US stocks continue to circle all-time highs.
• Morgan Stanley’s BlackRock Bitcoin ETF holdings rise 23% in Q2
  Morgan Stanley’s reported IBIT holdings rose to 16.5 million shares in Q2, while Ether ETF positions and several crypto-linked stocks also increased.
• JPMorgan boosts Bitcoin, Ether ETF positions in Q2 filing
  JPMorgan reported a 25% increase in its Bitcoin ETF position and more than quadrupled its Ether ETF position in the second quarter.

• Kalshi ordered to stop broad range of prediction markets in Washington
  Kalshi must implement initial geofencing by Aug. 19 and a GeoComply multi-source geofencing system by Sept. 2.
• Ireland plans industry standards for illicit crypto use
  The proposed policies under Ireland’s AML framework included stricter measures on transfers from private crypto wallets and overseas digital asset companies.
• UK authorities continue probe into Nigel Farage’s crypto ‘gifts’ after by-election win
  The UK lawmaker declared victory following a by-election, triggering a resumption of an investigation from the parliamentary commissioner for standards into his crypto donations.
• SEC cancels key crypto regulatory meeting
  The SEC canceled a meeting on proposed crypto offering rules after the Senate left for recess without voting on the CLARITY Act.
• City of Baltimore goes after prediction markets for sports betting
  The city’s complaint over gambling laws and deceptive trade practices included Robinhood, Webull and Coinbase as partners with prediction market platform Kalshi.