This week, several important events took place in the cryptocurrency industry. Bitcoin continued to rise, reaching $118,697, while Ethereum surpassed the psychological level of $4,000. A new version of ChatGPT was also introduced, and shipments of Web3 smartphones began.
This is reported by Business • Media
Cryptocurrency Market Dynamics
At the beginning of the week, Bitcoin was trading around $115,000, followed by minor corrections. By the end of the week, the asset recovered and surpassed the $117,000 mark. Ethereum also showed positive dynamics – on August 9, its price exceeded $4,000 for the first time since December 2024.
“The red lines regarding the legalization of crypto assets in Ukraine are clear – the National Bank of Ukraine does not consider virtual assets as money and advocates for the full preservation of its powers in terms of monetary policy,” stated the head of the National Bank of Ukraine, Andriy Pyshny.
Technology News
OpenAI introduced an updated version of its chatbot – GPT-5, calling it “the best artificial intelligence system” to date. According to the developers, the model has become more accurate, faster, and more useful for real-world tasks.
Solana Mobile began shipping Seeker smartphones to 50 countries. This is the second generation of Web3-oriented devices from the manufacturer, featuring integrated solutions to simplify interactions with cryptocurrencies and decentralized applications.
In the regulatory sphere, significant changes occurred – the U.S. SEC allowed the classification of stablecoins as cash equivalents and published clarifications regarding liquid staking. Additionally, jurors delivered a verdict in the case of Tornado Cash co-founder Roman Storm, finding him partially guilty of conducting unlicensed money transfer activities.