US stock indices close higher, COIN rises over 5.12%

2026-08-08 by admin

PANews August 8 news, according to Bybit market data, the three major U.S. stock indexes closed collectively higher, with the Dow up 0.32%, the Nasdaq up 1.17%, and the S&P 500 up 0.63%. Cryptocurrency concept stocks broadly rose, with COIN (Coinbase) up 5.12% during the day; HOOD (Robinhood) up 2.73% during the day.

Deep潮 TechFlow news, August 8th, according to Cointelegraph, Trump Media & Technology Group (TMTG) announced the termination of two cooperation agreements with crypto exchange Crypto.com, including the creation of a $6.4 billion CRO token treasury and the integration of prediction market feature Truth Predict on the Truth Social platform.TMTG interim CEO Kevin McGann stated that "changes in market conditions and shifts in stakeholder priorities" were the main reasons for terminating the deals, and the company will instead advance its merger with energy company TAE. This decision is more driven by competitive dynamics considerations, but the Trump family's digital asset investments still face scrutiny under congressional ethics clauses, requiring the elimination of potential conflicts of interest.

Deep Tide TechFlow news, August 8, according to Cointelegraph, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions on two cryptocurrency exchanges, Shelbit and Aban Tether, accusing them of assisting the Iranian regime in money laundering and evading sanctions, with the funds used to support Iran's Islamic Revolutionary Guard Corps (IRGC).OFAC noted that an IRGC-controlled wallet sent over $1 million in crypto assets to addresses linked to Shelbit, while a wallet associated with Iranian citizen Siavash Kayvanpour sent $2 million in digital assets to Nobitex. Shelbit also facilitated the transfer of $2 million in crypto assets to an IRGC wallet. Treasury Secretary Scott Bessent stated that whether through the dollar, the rial, or cryptocurrency, the Treasury will continue to target the illicit financial networks sustaining the Iranian regime.