Grayscale Pushes Senate to Vote on CLARITY Act Before August Recess
Russia Bans Crypto Mining in Moscow and Kursk Through 2032 Over Grid Strain
George Santos Settles CFTC Case Over Manipulative Trading on Kalshi
Suno Loses German Copyright Case, Must License Music for AI Training
MetronomeDAO Discloses $15.7M Synth Shortfall Tied to Chainlink Oracle Lag
Coldcard Mk3 Firmware Flaw Drains Up to $70M in Bitcoin via Weak RNG
Tether Posts $1.5B Q2 Profit as USDT Hits 650M Users and Gold Reserves Top 146 Metric Tons
Bitcoin Hits 2-Week Lows as US Stocks Diverge From Asia Rebound
Ethereum's 43-Day Staking Queue Reflects Network Mechanics, Not Pure Demand
AMLBot Launches AI Tracer for Self-Service Stolen Crypto Recovery
Circle Wins New York Trust Charter, Giving USDC a Formal Custody Foundation
Texas Lawmakers Move to Ban Crypto Kiosks After $57M in Scams
Top Stories
Russia Bans Crypto Mining in Moscow and Kursk Through 2032 Over Grid Strain
George Santos Settles CFTC Case Over Manipulative Trading on Kalshi
Suno Loses German Copyright Case, Must License Music for AI Training
MetronomeDAO Discloses $15.7M Synth Shortfall Tied to Chainlink Oracle Lag
Coldcard Mk3 Firmware Flaw Drains Up to $70M in Bitcoin via Weak RNG
Tether Posts $1.5B Q2 Profit as USDT Hits 650M Users and Gold Reserves Top 146 Metric Tons
Bitcoin Hits 2-Week Lows as US Stocks Diverge From Asia Rebound
Ethereum's 43-Day Staking Queue Reflects Network Mechanics, Not Pure Demand
Editor's Picks
Ethereum's 43-Day Staking Queue Reflects Network Mechanics, Not Pure Demand
AMLBot Launches AI Tracer for Self-Service Stolen Crypto Recovery
Circle Wins New York Trust Charter, Giving USDC a Formal Custody Foundation
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Markets
Suno Loses German Copyright Case, Must License Music for AI Training
A German court ruled against Suno on July 31, finding the AI music generation company violated copyright law by training its models on protected recordings without obtaining licenses. The decision requires AI firms operating in Germany to secure explicit licensing agreements before using...
Coldcard Mk3 Firmware Flaw Drains Up to $70M in Bitcoin via Weak RNG
A critical firmware flaw in Coldcard Mk3 hardware wallets has exposed a weak random number generator used during seed generation, enabling attackers to drain between $38 million and $70 million in Bitcoin. Coinkite has urged affected users to migrate funds immediately.
Tether Posts $1.5B Q2 Profit as USDT Hits 650M Users and Gold Reserves Top 146 Metric Tons
Tether earned $1.5 billion in net profit during Q2 2026 as USDT crossed 650 million users and gold holdings climbed above 146 metric tons. The figures cement Tether's dominance in stablecoins but raise questions about regulatory compliance and systemic risk concentration.
Bitcoin Hits 2-Week Lows as US Stocks Diverge From Asia Rebound
Bitcoin slid to its lowest levels in two weeks as month-end selling pressure collided with a divergence between US and Asian equity markets. The move underscores Bitcoin's continued sensitivity to macroeconomic conditions and tech sector volatility.
Regulation
Grayscale Pushes Senate to Vote on CLARITY Act Before August Recess
Grayscale is pressing Senate leadership to schedule a floor vote on the CLARITY Act before lawmakers break for August recess, warning that continued regulatory delays are shutting institutional capital out of crypto markets.
Russia Bans Crypto Mining in Moscow and Kursk Through 2032 Over Grid Strain
Russia has extended its cryptocurrency mining ban to Moscow, the Moscow Region, and eight districts of Kursk Region, effective August 15, 2026, through December 31, 2032. Regional energy officials estimate crypto mining consumes approximately 1 gigawatt of power in affected areas.
George Santos Settles CFTC Case Over Manipulative Trading on Kalshi
Former U.S. Representative George Santos has agreed to pay $35,000 to settle allegations from the Commodity Futures Trading Commission that he engaged in manipulative trading on Kalshi, the regulated prediction market platform.
Texas Lawmakers Move to Ban Crypto Kiosks After $57M in Scams
Texas residents have lost $57 million to crypto kiosk fraud, prompting lawmakers to consider an outright ban. Three states have already prohibited Bitcoin ATMs entirely, and Texas appears poised to follow, signaling a shift even in traditionally crypto-friendly jurisdictions.
DeFi
MetronomeDAO Discloses $15.7M Synth Shortfall Tied to Chainlink Oracle Lag
MetronomeDAO disclosed a $15.7 million to $16 million shortfall in synthetic assets tied to Chainlink price-feed latency accumulated over years. The treasury has staged $34 million in defensive positions to close the gap without triggering a depeg.
Uniswap v4 Fee Switch Delivers $325K Daily Revenue as UNI Climbs 16% in a Week
Three days of on-chain data confirm Uniswap's fee switch is working: protocol revenue has nearly tripled to $325,000 daily, pushing UNI to $4. But liquidity providers warn the gains come from their pockets, raising questions about whether volumes will hold.
Tokenized Gold Passes DeFi Stress Test, But Adoption as Collateral Remains Minimal
Tokenized gold survived a real-world DeFi stress test during gold's sharp sell-off, with RedStone oracles maintaining accuracy and liquidations executing smoothly. Yet fewer than 2% of tokenized gold tokens are deployed as collateral, revealing a gap between technical validation and market adoption.
Morpho Deploys on HSK Chain as Hong Kong Official Onchain Credit Partner
Morpho has partnered with HSK Chain to deploy as Hong Kong's official onchain credit partner, marking the lending protocol's first Asia-Pacific foothold and reflecting broader institutional DeFi expansion into regulated markets.
Technology
Inception Labs' Mercury 2 Outperforms Google's DiffusionGemma in AI Showdown
Inception Labs released Mercury 2, an AI model that outperforms Google's DiffusionGemma while preserving model intelligence during the shift from sequential to parallel processing. The development marks a significant architectural transition in the post-autoregressive era.
Quantinuum Surges 13% on Nasdaq IPO Debut, Raising $1.68B
Quantinuum's shares opened at $68 on their first day of trading on Nasdaq, a 13% jump from the $60 IPO price, raising $1.68 billion in total proceeds and valuing the quantum computing company at approximately $17.63 billion market capitalization.
Starkware Cuts Jobs as Starknet Revenue Collapses 98%
StarkWare Cuts Staff as Starknet Fee Revenue Drops 98% From Peak StarkWare, the Israeli company behind the Starknet Ethereum Layer 2 network, has laid off a portion of its workforce as on-chain rev
Kraken Refuses Extortion Demand After Insider Data Breach Exposes 2,000 Accounts
Kraken Refuses Extortion Demand After Insider Data Breach Exposes 2,000 Accounts Cryptocurrency exchange Kraken has declined to pay an extortion demand following a data breach that exposed personal
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