Daily digest · August 8, 2026
Trump Media walks away from CRO treasury deal with Crypto.com
Trump Media scraps its CRO treasury and prediction market plans with Crypto.com, sending the token down 5%, while bitcoin holds near $64,980.
The market day
Bitcoin sits at $64,980.26, up 0.8% on the day, with ether close behind at 0.49%. Breadth is nearly split, 50 coins up against 47 down out of the top 100, which is about as flat a market as you get even with BTC in the green.
The real action was off the price charts. Trump Media confirmed it is unwinding a multibillion-dollar CRO treasury deal and prediction market tie-up with Crypto.com, pointing to market conditions and a pivot toward media and a fusion energy merger. CRO dropped 5% on the news.
Elsewhere, Trust Wallet's TWT led gainers at 5.6% while KAITO was the day's worst performer, down almost 14%. The Senate also pushed its CLARITY Act vote to September after Democrats blocked cloture, leaving XRP down 5.5% on the week.
Named today: Trust Wallet (TWT) predictions · Kaito (KAITO) predictions · Fogo (FOGO) predictions
Why is crypto down today? · August 8, 2026
Crypto is not down today. Bitcoin is up 0.8% at $64,980.26 and ether is up 0.49%, so the market as a whole is holding steady to slightly higher.
If you're searching this because a specific coin looks ugly, that's more likely the story. KAITO is down almost 14% today, and CRO fell 5% after Trump Media scrapped its treasury deal and prediction market plans with Crypto.com.
On days that are genuinely red across the board, the usual culprits are regulatory setbacks, leveraged positions getting flushed out during volatility, or a single large holder selling. The CLARITY Act getting pushed to September is the kind of regulatory delay that can weigh on sentiment even without crashing prices outright.
Check breadth, not just the two largest coins. Today 50 of the top 100 are up against 47 down, which means the pain, where it exists, is concentrated rather than market-wide.
Why is crypto up today? · August 8, 2026
Crypto is up modestly today, not sharply. Bitcoin's 0.8% gain to $64,980.26 and ether's 0.49% move are real but not the kind of rally that usually gets searched.
Breadth backs that up: 50 coins rose and 47 fell, a near coin flip. Trust Wallet's TWT was the standout, up 5.6%, but that's an individual mover, not a market-wide signal.
Bigger up days usually come from a mix of forces: favorable regulatory news, large capital flows into bitcoin or ether, or short positions getting squeezed as price rises. None of that is driving today, the tape is just quietly green.
Today's news was mixed rather than bullish. CRO fell 5% on the Trump Media pullback and the CLARITY Act vote slipped to September, both of which are more headwind than tailwind even as headline prices tick higher.
The stories that matter
Trump Media scraps CRO treasury deal and prediction market plans with Crypto.com
Trump Media is unwinding its planned multibillion-dollar CRO treasury deal and prediction market integration with Crypto.com, citing market conditions and a shift toward media and a fusion energy merger. CRO token fell 5% on the news.
The prediction angle: A scrapped treasury deal removes a source of expected demand for CRO, which is the kind of headline that can keep pressure on a token well after the initial drop.
Sources: Bloomberg.com · CryptoBriefing · Cointelegraph · Bitcoin Magazine · CoinDesk · Decrypt · BeInCrypto · Axios
Senate delays CLARITY Act vote to September as Democrats block cloture
Senate Majority Leader Thune confirmed the crypto market structure bill vote is pushed to September after Democrats blocked the 60-vote threshold over ethics, illicit finance, and stablecoin yield disputes; XRP fell 5.5% on the week as the worst-performing major.
The prediction angle: Pushing market structure legislation to September extends the regulatory uncertainty that has weighed on XRP and could keep traders cautious on anything tied to near-term clarity hopes.
Sources: Bitcoin.com News · Decrypt · CoinDesk · Cointelegraph · The Block · Cryptonews
Treasury sanctions two Iran-linked crypto exchanges over $5M laundering
US Treasury's OFAC sanctioned Shelbit and Aban Tether, two crypto exchanges accused of laundering a combined $5 million in digital assets for Iran's Revolutionary Guard.
The prediction angle: Sanctions on exchanges tied to illicit finance are a reminder that enforcement risk sits alongside price risk, a factor worth weighing for anyone calling moves on smaller exchange-linked tokens.
Sources: Decrypt · Cointelegraph · CoinDesk
Wintermute registers as US broker-dealer, targets tokenized stocks
Market maker Wintermute's US arm registered as a broker-dealer with the SEC and FINRA, giving it a path to trade stocks, options, and crypto ETFs and positioning it for tokenized securities.
The prediction angle: A major market maker registering as a US broker-dealer signals more institutional infrastructure forming around tokenized assets, a slow-burn trend rather than a price catalyst.
Sources: Bitcoin.com News · Cointelegraph · The Block
JPYC raises $38M Series B for yen stablecoin expansion
Japan's regulated yen stablecoin issuer JPYC raised about $38 million in an extended Series B, led by logistics firm AZ-COM Maruwa, to expand its payment network and Web3 services.
The prediction angle: Fresh funding for a regulated yen stablecoin points to stablecoin competition expanding outside dollar-pegged tokens, worth watching for anyone tracking stablecoin market share shifts.
Sources: CoinDesk · CoinGape · The Block · Bitcoin.com News · Cointelegraph
On the BitPredict board
Yesterday 89 calls settled on BitPredict with a 58.4% crowd hit rate, and the standout call was ADA up, which gained 6.38%.
Today's Daily Call asset is Fogo (FOGO), one shared question, up or down by midnight UTC. Think you can read this market? Put a timestamped call on record. It's free, and your accuracy is scored publicly.
Questions people are asking · August 8, 2026
Is bitcoin moving up or down right now?
Bitcoin is up 0.8% today at $64,980.26 and ether is up 0.49%, with the broader market split almost evenly between gainers and losers.
Why did Trump Media scrap its CRO deal with Crypto.com?
Trump Media is unwinding its planned CRO treasury and prediction market deal with Crypto.com, citing market conditions and a shift toward media and a fusion energy merger, and CRO fell 5% on the news.
Why is KAITO down today?
KAITO was the day's worst performer among major coins, falling almost 14%, making it the top loser in today's market snapshot.
Every figure above is computed from live market data and BitPredict's public, verifiable prediction records at generation time (Sat, 08 Aug 2026 06:28:48 GMT). Nothing here is financial advice. Explore the free crypto calculators or browse predictions by coin.