The closure of the investigation may bolster Powell&#8217;s reputation and influence Kraken&#8217;s regulatory perception positively. The post FBI ends probe into Kraken founder Jesse Powell over alleged hacking of nonprofit accounts appeared first on Crypto Briefing.

FBI ends probe into Kraken founder Jesse Powell over alleged hacking of nonprofit accounts

A survey conducted by the National Cryptocurrency Association explored why 
some people aren’t comfortable investing in digital assets.

Crypto confusion: 50% of non-investors don’t understand it well enough to buy

President Donald Trump has reignited crypto conversations online after sharing 
a viral video explaining Bitcoin during a U.S. Senate hearing. The clip, which 
features Director of Research at Coin Center, Peter Van Valkenburgh, offers a 
powerful defense of Bitcoin’s decentralized nature and its role as public 
financial infrastructure. What His Bitcoin Message Means As mentioned by 
MJTruthUltra&#8217;s post on X, President Donald Trump has shared a video of Peter 
Van Valkenburgh, Coin Center’s Director of Research, delivering a powerful and 
articulate explanation of Bitcoin during a US Senate hearing. Related Reading: 
Trump Media’s $2 Billion Bitcoin Buy Sparks Surge In Stock Price Speaking 
before the lawmakers, Van Valkenburgh described Bitcoin as the world&#8217;s first 
cryptocurrency, built on the first public blockchain network. He emphasized 
that Bitcoin allows anyone to send and receive value globally using just a 
computer and an internet connection without relying on trusted third parties 
like banks. He also highlights Bitcoin&#8217;s revolutionary nature as the first 
public digital payments infrastructure, compared to the internet information 
before money access. Unlike traditional financial systems, which rely on 
private banks to update ledgers and approve transactions, Bitcoin operates on 
a public blockchain that anyone can access, regardless of background or credit 
status. Van Valkenburgh stated that Bitcoin&#8217;s decentralized design directly 
addresses the inherent vulnerabilities of centralized systems, which often 
have single points of failure. These weaknesses have led to some of the most 
damaging security breaches in modern history. He points to high-profile 
incidents, such as the Equifax data breach, which exposed the personal 
information of 143 million Americans, the SWIFT network frauds, which totaled 
hundreds of millions, including cases involving North Korean hackers, and the 
$1.8 billion fraud at Punjab National Bank, which enabled internal 
exploitation of centralized trust. Van Valkenburgh also cites the 2016 Dyn 
botnet attack, which took down major websites. He extends these concerns to 
the Internet of Things, where hacks have compromised pacemakers, baby 
monitors, and even vehicles, all due to reliance on centralized control 
systems. He advocates for the development of more public digital 
infrastructure, like Bitcoin and Blockchain networks, to reduce reliance on 
powerful corporate intermediaries. These systems foster greater competition, 
resilience, and user empowerment by potentially replacing centralized 
chokepoints that are vulnerable to failure, censorship, and abuse. 
MicroStrategy Now Owns Over 600 Bitcoin While prominent figures in the 
financial and political landscape advocate for Bitcoin, institutional adoption 
continues to grow, with companies like Strategy purchasing the asset in large 
quantities. This rising interest from large-scale investors and businesses 
adds weight to BTC’s status as a reliable store of value. Related Reading: 
Bitcoin Holders Are Taking Profits—But Is the Top Still Far Away? BNB Swap 
revealed on X that Michael Saylor’s Strategy, the largest corporate holder of 
Bitcoin, has again expanded its massive crypto and BTC treasury. The firm has 
acquired an additional 6,220 BTC, worth $739.8 million. This latest purchase 
pushes MicroStrategy’s total Bitcoin holdings to an astonishing 607,770 BTC, 
accumulated at an estimated cost basis of $43.6 billion. Featured image from 
iStock images, chart from tradingview.com

Trump Shares Viral Bitcoin Breakdown — Here’s What He Posted

The Spark token price spiked to a record high this week, continuing a trend 
that started on July 9 when it crashed to an all-time low.

SPK price enjoys rare pattern: Will Spark spike to $1?

SEC approves Bitwise crypto index ETF including BTC, ETH, and XRP as analysts 
expect altcoin ETF wave amid pro-crypto shift in US.
The post SEC approves Bitwise crypto index ETF with BTC, ETH, XRP, and Solana 
appeared first on Crypto Briefing.

SEC approves Bitwise crypto index ETF with BTC, ETH, XRP, and Solana

Bitcoin continues to face selling near $120,000, but the bulls have kept up 
the pressure, increasing the likelihood of an upside breakout.