Codex's support for Edge enhances productivity by enabling seamless automation and integration in Microsoft-centric environments.

The post Codex expands ChatGPT extension support to Microsoft Edge appeared first on Crypto Briefing.

Prime Agent's success may accelerate AI-driven innovation, reshaping software development and challenging human roles in coding tasks.

The post Prime Intellect unveils Prime Agent, a self-improving coding harness that outperforms human experts on key AI benchmark appeared first on Crypto Briefing.

The potential shift towards diplomacy could reshape US-Iran relations, influencing geopolitical stability and market dynamics significantly.

The post Trump claims Iran seeks talks after US readies major military action appeared first on Crypto Briefing.

Block's workforce reduction highlights a growing industry trend towards AI-driven efficiency, posing risks to institutional knowledge retention.

The post Block cuts 40% of workforce as AI strategy boosts earnings appeared first on Crypto Briefing.

The U.S. treating Bitcoin as a strategic reserve asset may prompt other nations to follow, potentially altering global digital asset policies.

The post United States holds largest national Bitcoin reserves at 328,372 BTC appeared first on Crypto Briefing.

Bitcoin Magazine

White House Now Reviewing Crypto Clarity Act Ethics Text Ahead of August Deadline: Report

Time is running out to get a vote on the long-awaited crypto Clarity Act, though bipartisan work is intensifying with the White House reviewing the latest draft behind closed doors, according to reports. 

Senator Thom Tillis said that bipartisan language drafted and sent to the White House last week is currently being reviewed by the White House. “We’ve got people working with White House right now…they’re going through some of the lines right now,” he was quoted and first reported by Punchbowl News Senior Reporter Brendan Pendersen. 

Senate Majority Leader John Thune declined to file cloture on the crypto market structure bill Wednesday afternoon, according to Punchbowl News, leaving negotiators only a narrow window to reach something resembling consensus.

Thune had told reporters earlier in the day that he still hoped for a vote before the break, and Republican and Democratic staff reportedly held a flurry of meetings over the prior 24 hours trying to close out remaining disagreements.

Despite optimism last week from top crypto companies — like Coinbase — and backing from major financial institutions, lawmakers appear to be prioritizing other bills to vote on before their five-week break starting Thursday or Friday. 

Republicans like Senator Cynthia Lummis have said that Democrats are deliberately holding back the bill. 

Senator Thom Tillis, who has been working with Democrats on ethics language for the bill, said the odds of a vote hinge on whether the Senate stays in Washington past its scheduled Thursday departure.

“If we were getting out on schedule, which would be tomorrow afternoon, I think it’d be a moonshot at this point,” Tillis said. “But there’s still a chance if we’re going to be delayed, particularly if we have to go into next week.”

Meanwhile, momentum for the bill is building outside the Senate floor. South Carolina Republican Darline Graham posted on X in support of swift passage, framing the Clarity Act as central to President Trump’s push to keep digital-asset innovation in the U.S. 

She added that the Senate needs to deliver a bill that protects consumers, arms law enforcement, and gives the industry regulatory certainty, adding that she stands ready to back Senate Banking Chairman Tim Scott, Senator Cynthia Lummis, and the president in getting the legislation “across the finish line.”

If cloture is filed Thursday, a floor vote could still come as soon as this weekend — though a delay into next week may be the bill’s best remaining shot at passage before recess.

This post White House Now Reviewing Crypto Clarity Act Ethics Text Ahead of August Deadline: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Red Team Finds 85 Critical Flaws Across 390 Open Source Repos After Coldcard Exploit

Rallied by the recent, catastrophic vulnerability in Coldcard hardware wallets, exploited to the tune of over $100 million, the Bitcoin community has rallied to prevent future critical bugs in the industry’s open source software.

PSA: Any users of Coldcard wallets that have not migrated their bitcoin to new seeds generated in secure firmware are still at risk. It may not be too late to act; see advisory on the matter. 

Led by Calle, software engineer, avid vibe coder and creator of the Android version of Bitchat, and Rob Hamilton, the CEO of Anchorwatch a Bitcoin self-custody insurance company, the Bitcoin Red Team has now secured funding, with over $40,000 spent in AI tokens to audit over 390 Open Source repositories across Bitcoin. 

Colloquially called the “Bitcoin Red Team”, with memes about Rob Hamilton and Calle now being the CEO and CTO of Bitcoin, this AI-driven security audit is having a serious impact across the industry. Just a few days ago, buried in the news of ongoing thefts of bitcoin from MK3+ Coldcards due to an RNG bug, Boltz exchange announced it would be pausing operations to catch up with AI-driven hacking attempts. 

“27.5 hours in, we’ve filed 4,962 findings across 390 projects. 85 critical and 635 high severity issues. We’re at 2.31 h+c findings per person per hour,” said Calle in the most recent update on Red Team efforts to shore up the industry’s cybersecurity.

The Red Team security review effort is using models like Kimi K3, GPT Sol, Fable, Opus and GLM5.2, some of the most expensive and cutting-edge models in the market. At first, access to OpenAI and Anthropic models was limited, leading to an over-reliance on Chinese open-source models, a fact which many in the industry lamented and saw as a bad omen for U.S. AI dominance. But as the Red Team project grew in influence since last week’s Coldcard hack, connections have been established and confirmed with OpenAI, giving Red Team access to GPT Sol. Hamilton’s mention of Fable in his August 4 tweet suggests access to Anthropic has also been established.

Expenses which were last tallied at over $40,000 have been covered by OpenSats, a non profit 501c3 organization dedicated to funding open source Bitcoin development projects. The Bitcoin Red Team does not currently have a website or a GitHub repository to link to, but the team is made up of many individuals within the Bitcoin industry. Individuals publicly thanked for their support include but are not limited to danielabrozzoni, lylepratt, stutxo, benthecarman, thesimplekid. 

Hamilton shared that a custom harness has been built and is evolving quickly. Made up at one point of 171,599 lines of code, the harness is designed to identify and test critical Bitcoin software libraries and high-load-bearing code, identify and document vulnerabilities, reproduce them and package the proven data into useful reports. Ultimately delivering the information responsibly to engineers in the industry. Hamilton also shared that Red Team intends to open source the harness such that Bitcoin companies can run it against their closed-source code. 

Red Team is actively reaching out to relevant open source projects with critical vulnerabilities discovered, leading to a broad sense of dread from engineers in the industry when they receive cold direct messages from Hamilton or Calle, as seen in various humorous screenshots shared on social media.

https://x.com/callebtc/status/2085035257477190080 

Among the key insights shared by Red Team publicly as this AI-driven security update of Bitcoin FOSS takes place, Hamilton shared that engineers with specific subject matter could sometimes yield high-value results from the Harness, which might otherwise “smell out something is wrong,” but might be missing niche context. An insight which speaks to the importance of having human intelligence and experience work hand in hand with the AI to efficiently identify critical vulnerabilities.

Hamilton also ended a multi-day Red Team effort after the Coldcard hack with some personal notes. He said that the discovered vulnerability in Coldcard random number generators and consequent exploitation of the bug by hackers had been a “spiritual attack” on Bitcoin and the self-custody ethos of the industry, “I mean that in the literal sense of the words”. After expressing grief for the losses experienced by many Bitcoiners during this now historic hack, Hamilton closed his tweet with a tone of hardened resolution:

“While things are not easy right now. I have the highest conviction ever in my life that the idea and technology of Bitcoin is worth fighting for. To that end. There is no Bitcoin without self-custody. This is non-negotiable.”

This post Bitcoin Red Team Finds 85 Critical Flaws Across 390 Open Source Repos After Coldcard Exploit first appeared on Bitcoin Magazine and is written by Juan Galt.

Bitcoin Magazine

Russia Passes Law to Regulate Crypto Exchanges, Keeps Payment Ban in Place

Russian President Vladimir Putin has reportedly signed a law to set in stone the regulation of digital currencies and digital rights in the country — but citizens won’t be using Bitcoin to pay for goods just yet. 

News agency Tass reported Tuesday that the new law will allow only registered entities to operate as exchanges, and puts limits on the amount of crypto retail investors can use. 

For now, retail investors are limited to trading most liquid cryptocurrencies, capped at 300,000 rubles ($3,700) per year. Qualified investors have no restrictions, according to the report. 

But the new law still prohibits digital currencies and digital rights as a means of payment or legal tender within Russia. Using crypto has been illegal in Russia as a form of payment since 2022. 

According to the report, Russians can use digital currencies to pay for settlements under foreign trade contracts between residents and non-residents or for those involved in crypto mining. 

Russian regulators, lawmakers and the central bank have been over the past few years trying to set in stone clear rules for digital assets. 

But Putin is pro-Bitcoin?

The news that digital currencies can’t be used as payments may come as a surprise to those who have heard President Putin talk about Bitcoin. 

Back in 2024, the Russian leader seemed to speak highly of Bitcoin, saying that new technologies were emerging that could help people move money. 

“For example, Bitcoin, who can ban it? Nobody,” he said. 

The president has also spoken about how the country has “competitive advantages” when it comes to Bitcoin mining due to the abundance of cheap energy in Russia. 

But Russian lawmakers want to retain a tight grip on citizens’ spending; the use of digital currency has been for years permitted for international payments — most likely as a way to dodge Western sanctions. 

This post Russia Passes Law to Regulate Crypto Exchanges, Keeps Payment Ban in Place first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

‘If Clarity Dies, Democrats Killed It’: Lummis Urges Senate to Act on Crypto Bill Before Recess

Pro-bitcoin Senator Cynthia Lummis has said that bipartisan work is going into the crypto Clarity Act but warned that some lawmakers are still making unreasonable demands.  

The Republican, speaking to Fox Business Wednesday, said that she had been working with Democratic lawmakers into the night to get the bill over the line. 

But she said that some Democrats were still dragging their feet on the bill. Lawmakers are pushing to get a vote on the crypto market structure bill before the Senate goes to recess.

“The president agreed to an ethics provision that no president has ever agreed to,” Lummis said. “He’s gone farther to protect ethics than any president in history — yet the Democrats do want more. Their proposal is in front of the president now, and we’ll see what he does.”

She added: “We’re going to vote on it. If it dies, it’s going to be because the Democrats kill it. I’ve bent over backwards for 11 months, to give them as much as we can possibly give them to regulate this industry.”

The Clarity Act has been in a deadlock for much of 2026, partially because the banking lobby raised concerns over crypto companies allowing clients to earn stablecoin yield. 

An updated bill of the Clarity Act was introduced in July addressing concerns around ethics; it now bans government officials and their families from issuing or promoting crypto. 

Democrats have criticized President Trump’s family crypto business ventures. The White House has always said there have been no conflicts of interest. 

A group of Democrats in July said the bill needs work. 

Major financial institutions like Fidelity and BlackRock, and law enforcement organizations have thrown their weight behind the new bill, 

If passed, the Clarity Act would create a regulatory framework for the U.S. cryptocurrency market.

This post ‘If Clarity Dies, Democrats Killed It’: Lummis Urges Senate to Act on Crypto Bill Before Recess first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Treasury Firm Strategy Pledges $250 a Year to Employee Trump Accounts

Bitcoin treasury company Strategy has said it will contribute to Trump Accounts for the children of its U.S. employees, becoming the latest major public company to layer corporate money on top of the federal savings program.

The Tysons Corner, Virginia-based company (Nasdaq: MSTR) announced it will deposit $250 annually into a Trump Account for every eligible child under 18 of a U.S. employee, regardless of when the child was born. 

For children born on or after January 1, 2025, Strategy will also make a one-time $1,000 contribution in the child’s birth year, matching the seed deposit the U.S. Treasury provides to newborns under the program.

“Trump Accounts and the Invest America initiative can help build a stronger financial future for America’s children,” Phong Le, Strategy’s president and chief executive officer, said in a statement, adding that the accounts can encourage “financial education, long term thinking, and a culture of saving and investing from an early age” — goals he described as closely aligned with Strategy’s values.

Trump Accounts, created under the One Big Beautiful Bill Act that Trump signed in 2025 and referred to in Treasury guidance as 530A accounts, launched July 4, 2026. Each is a tax-advantaged investment account for a child. 

On July 4, the government deposited one-time $1,000 seed contributions into accounts for more than 500,000 children. Children born between January 1, 2025, and December 31, 2028, who are U.S. citizens qualify for that federal deposit, and families can contribute up to $5,000 a year. Funds are locked until age 18, when the account converts to a traditional individual retirement account.

In a July oval office event marking the launch of the accounts, President Trump said that Bitcoin could one day play a role in the new Trump Accounts savings program. 

The president campaigned on a ticket to help the space and received major backing from digital asset entrepreneurs. Since taking office, Trump has passed a number of pro-crypto pieces of legislation. 

This post Bitcoin Treasury Firm Strategy Pledges $250 a Year to Employee Trump Accounts first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Grayscale XRP Trust ETF (GXRP) clawed back 480,000 shares in Q2, covering 12.2% of its derived 3.94 million-share first-quarter contraction. The fund's Aug. 4 Form 10-Q shows 510,000 shares issued and 30,000 redeemed during the quarter.

The six-month ledger shows the true size of the gap. GXRP issued 1.87 million shares and redeemed 5.33 million, a net contraction of 3.46 million. Subtracting Q2 from those totals leaves 1.36 million shares issued and 5.30 million redeemed in Q1, producing the derived 3.94 million-share contraction.

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After a $1.2 billion run, XRP ETFs just flipped from inflows to outflows

Institutional adoption of XRP remains strong, driven by Ripple's diversified offerings and XRPL advancements.

Mar 26, 2026 · Oluwapelumi Adejumo

Q2 flipped the quarterly flow positive. Its 480,000 net creations replaced about one share for every eight lost in Q1, leaving 87.8% of that contraction unrecovered at June 30.

Q2 operating losses outweighed new share capital

Q2 share activity added $12.743 million of net capital, with $13.442 million from issuances offset by $699,000 paid for redemptions. The $16.846 million loss from operations was larger, pulling net assets to $57.413 million from $61.516 million at the end of March.

Most of the operating hit came from investments. The $16.789 million realized and unrealized investment loss included a $16.327 million drop in unrealized appreciation, $433,000 in realized losses on XRP sold for redemptions, and $29,000 in realized losses on XRP sold for expenses. A separate $57,000 net investment loss brought the decline from operations to $16.846 million.

The quarter therefore split in two: net creations added capital while investment performance cut more deeply into assets.

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Investors pulled $2.5B from Bitcoin and Ethereum ETFs, but Hyperliquid and XRP still found buyers

Bitcoin and Ethereum ETFs lost roughly $2.5 billion through June 18, while HYPE and XRP funds drew less than $75 million combined, showing investors are not rotating so much as de-risking.

Jun 23, 2026 · Gino Matos

The fund's XRP balance grew 20.2% in Q2, from 45.774 million XRP to 55.036 million XRP. Holdings finished 55.0% below the 122.230 million XRP held on Dec. 31, 2025.

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Jul 8, 2026 · Andjela Radmilac

Across the first half, net assets fell $165.951 million. Capital-share transactions accounted for $114.203 million of the decline and operations for $51.748 million. Both share activity and investment performance drove the fall.

GXRP reported 2,840,100 shares outstanding on both June 30 and July 30, indicating that any creations and redemptions during July had offset each other by that date.

The post Investors poured millions back into Grayscale’s XRP fund, but a $16.8M market hit instantly wiped out the comeback appeared first on CryptoSlate.

The BitMart withdrawal deadline for users covered by its U.S. rules is Aug. 8 at 23:59 UTC, an earlier regional cutoff than the exchange's Aug. 26 global trading halt.

The U.S. user notice applies to people who reside in or are located in the United States, as well as anyone otherwise treated as a U.S. user under BitMart's agreement and policies.

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BitMart’s sudden shutdown triggers withdrawal delays and on-chain panic, echoing the ghosts of 2022

The exchange’s exit follows BitMEX’s closure announcement and comes as users question how quickly they can retrieve assets.

Jul 27, 2026 · Oluwapelumi Adejumo

Covered users are told to cancel outstanding orders, close applicable positions, redeem or withdraw eligible product balances, and remove their remaining assets. They may also need to convert or withdraw assets that are not supported by their intended destination.

After the Aug. 8 deadline, BitMart said it may further restrict affected accounts. Remaining assets will be handled under applicable law, the BitMart user agreement and the exchange's compliance procedures.

Withdrawals under the BitMart withdrawal deadline may require identity verification, source-of-funds information, proof that the user owns the destination wallet or a security review. BitMart did not provide a maximum processing time, so a submitted request may remain subject to checks after the regional deadline.

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Australia’s new crypto transfer rules to make exchange withdrawals pass through identity checks

From July 1, AUSTRAC’s virtual-asset transfer rules change what exchanges ask before crypto moves.

Jul 1, 2026 · Liam 'Akiba' Wright

Moving to BitMart U.S. is not automatic. The company described it as a separate platform that requires a new account and its own identity checks. Eligibility depends on the user's jurisdiction, and users must confirm that their assets, networks and intended services are supported. Registration does not guarantee approval or access to a particular product.

The U.S. notice and BitMart's global wind-down notice establish separate, overlapping timelines. For the wider platform, BitMart said gradual suspensions of new registrations, deposits, new positions, new spot orders and automated trading were scheduled to begin July 26 at 01:30 UTC. The notice gives no single completion time for that rollout and does not establish that every measure is already active platform-wide.

BitMart plans to end all spot, futures and other trading at 01:00 UTC on Aug. 26. Futures positions left open at that time may be settled under the applicable mark price, index price or settlement rules, with detailed arrangements still to come.

The exchange strongly recommends that all users submit withdrawal requests before 05:00 UTC on Aug. 26. That time is a recommendation, not a stated hard cutoff.

BitMart said withdrawals not completed within the recommended period will enter a dedicated procedure whose arrangements and documentation requirements have not yet been specified. High request volume, additional documents, blockchain congestion and compliance or risk reviews may extend processing.

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AscendEX shuts down after MiCA miss and warns some withdrawals may not be processed

Automated payouts are paused after a failed liquidity deal, leaving customers without assurances on timing or amounts.

Jul 10, 2026 · Liam 'Akiba' Wright

The exchange plans to cease trading platform operations on Jan. 31, 2027, at 15:59 UTC. It said users will retain login access for a period afterward to review records and submit withdrawals under the procedures then in force.

The post BitMart gives US users just days to pull crypto before aggressive new compliance checks risk freezing their assets appeared first on CryptoSlate.

Solana ETFs have seen zero net flows across all six products for five consecutive trading sessions ending Aug. 4. The product-wide pause in reported primary-market flow followed an $18.1 million outflow from Bitwise's BSOL on July 28.

Farside Investors, which tracks daily fund flows, showed 0.0 for BSOL, VSOL, FSOL, TSOL, SOEZ, and GSOL during the next five sessions: July 29 – Aug. 4.

The same table, which tracks Solana ETF flows, displayed $1.122 billion of cumulative net flow through Aug. 4. Seed amounts account for $449.3 million, about 40% of that total, meaning only a portion of the cumulative figure represents later net creations.

Farside also classifies $102.7 million of GSOL seed capital as a conversion from an earlier product.

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US Solana staking ETFs begin trading today: What it changes for altcoins

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Oct 28, 2025 · Gino Matos

How Solana ETF flows are measured

A daily net-flow number measures the balance after fund-share creations and redemptions are counted. Investor.gov explains that authorized participants handle that primary-market process, while investors can trade existing shares with one another on exchanges. Secondary-market volume, product assets, and broader investor interest therefore require separate evidence from Farside's 0.0 readings.

Issuer snapshots illustrate the distinction. Bitwise reported about $596.37 million of net assets in BSOL on data dated Aug. 2. 21Shares reported roughly $3.09 million of TSOL assets and nonzero daily trading volume around Aug. 3. Those figures coexisted with Farside's zero net-flow entries because assets held and exchange trading measure different activity from daily net creations and redemptions.

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Jun 11, 2026 · Gino Matos

The Solana pause also contrasted with larger crypto fund complexes on Aug. 4. Farside reported $211.5 million of net inflow for U.S. Bitcoin ETFs and $53.1 million for Ethereum ETFs on the same date. The groups differ substantially in size and maturity, making those figures a directional benchmark rather than a like-for-like ranking of demand.

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Institutions dumped Bitcoin and Ethereum ETFs but still bought XRP and HYPE again

Bitcoin and Ethereum ETF outflows dwarfed XRP’s weekly inflow, while selective demand for XRP and HYPE wrappers showed institutions separating broad crypto risk from targeted altcoin exposure.

Jun 29, 2026 · Liam 'Akiba' Wright

For now, the record shows Solana ETF flows paused at the primary-market level across the six-product lineup for five sessions. Judging a longer-term shift in follow-on demand will require subsequent creations, redemptions, trading, and asset data across the funds.

The post All six US Solana ETFs have suffered five consecutive days of absolute zero net flows appeared first on CryptoSlate.

Succinct’s PROVE token reaches the end of its first 12-month vesting lock today, Aug. 5. Under the Foundation’s terms, 100 million investor and contributor tokens are scheduled to unlock, a sum equal to 51.3% of CryptoSlate’s estimate of 195 million circulating tokens.

The Succinct Foundation’s tokenomics terms set the PROVE token’s supply at 1 billion tokens and assign 10.5% to investors and 29.5% to contributors. A quarter of each allocation unlocks after one year. In token terms, 26.25 million tokens belong to the investor tranche and 73.75 million to contributors.

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May 27, 2025 · Liam 'Akiba' Wright

One date, three totals. Beyond the official tranche, the public trackers tell different stories. CoinGecko’s Tokenomist-powered module displayed 208.33 million units of the PROVE token on Aug. 5, counting 16.67 million for public allocation and incentives, 8.33 million for the foundation, and 83.33 million for ecosystem, research and development alongside the investor and contributor tokens.

Tokenomics.com arrived at 233.332 million PROVE. Its recipient weights imply roughly 33.33 million for public investors and 16.67 million for the foundation, with the remaining components aligned with CoinGecko’s display at the published precision. Pairing the closest labels puts the roughly 25 million-token gap in the public and foundation buckets. The label mismatch leaves the cause unresolved, and the accessible official terms cover only the investor-and-contributor tranche.

Measured against CryptoSlate’s 195 million-token circulating figure, the tracker totals reach 106.8% and 119.7%. The comparison shows the scale of each estimate. Any change in reported float still depends on tokens moving.

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Feb 10, 2026 · Liam 'Akiba' Wright

The CryptoSlate PROVE page showed the PROVE token near $0.17, with a market cap of about $32.69 million and $3.76 million in 24-hour volume. Its markets section carried an Aug. 2, 18:14 UTC refresh label. At about 06:34 UTC on Aug. 5, CoinGecko listed roughly $102,821 of Binance PROVE/USDT depth within 2% above the quoted price and $100,419 below it. Bybit showed about $68,422 above and $105,212 below. The numbers sketch two venues at one moment. Total market capacity and eventual price impact remain open questions.

By 06:41 UTC on Aug. 5, the Etherscan page for the official PROVE contract showed its largest visible transfer at about 92,998 PROVE, far below the scheduled 100 million-token tranche.

The window covers recent visible transfers. Split movements, earlier activity, internal or custodial credits, and contract-level vesting may sit elsewhere. Public labels left the largest wallets without named beneficial owners or allocation mappings. The calendar sets the date. Wallet flows and reported float will show how much reaches the market.

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The post A massive 100 million PROVE tokens unlock today, but razor-thin liquidity reveals a market unprepared for a 51% supply shock appeared first on CryptoSlate.

Circle’s reserve engine absorbed a tough second quarter. Gross USDC redemptions exceeded mints by about $4 billion, and reserve yield slipped, while a larger balance base kept reserve income growing.

Its biggest opportunity sits outside its reserves. Circle doubled the midpoint of its full-year other revenue outlook, which includes an undisclosed contribution from the ARC Token presale.

Circle’s Aug. 5 earnings release puts the gross flows at $87 billion redeemed and $83 billion minted. Those rounded figures produce the roughly $4 billion gap.

For Circle Mint customers, minting turns fiat into USDC, and redemption turns USDC back into fiat, according to Circle’s regulatory filing. The $4 billion difference describes customer flow activity, separate from reserve adequacy.

Quarter-end USDC circulation was $73.3 billion, against a $76.5 billion quarterly average. It remained 19% higher than a year earlier.

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Jul 3, 2026 · Oluwapelumi Adejumo

Circle’s reserve return rate fell 66 basis points year over year to 3.5%. The larger average USDC balance absorbed the rate hit, lifting reserve income 5% to $667.7 million.

The 66-basis-point drop is a year-over-year comparison. The Federal Reserve held its target range at 3.50% to 3.75% in both April and June. Circle’s 3.5% figure measures the return on its reserve portfolio.

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Other revenue outlook jumps into view

Other revenue remained small beside reserve income, though it climbed 41% year over year to $33.582 million. Circle rounded that to $34 million and credited growth in subscription and services revenue.

The outlook changed much faster. Circle raised FY2026 other revenue guidance to $310 million to $330 million from the $150 million to $170 million range issued in May. The midpoint leaped from $160 million to $320 million.

The revised range includes recognized ARC Token presale revenue. Circle provided no breakdown for that contribution, leaving presale revenue mixed with the rest of the outlook.

Arc is Circle’s blockchain network. The company previously disclosed about $222 million in estimated gross proceeds from the initial ARC Token closing, plus another $20.25 million from a second closing. The two closings total about $242.25 million in estimated proceeds. That figure is different from recognized revenue, and the purchase agreements carry repayment rights under specified circumstances.

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May 12, 2026 · Oluwapelumi Adejumo

Circle scheduled Arc’s public mainnet for Sept. 16. The earnings release presents the launch date separately from token revenue recognition.

The post USDC redemptions just outpaced mints by $4B, but a massive new token presale is quietly doubling Circle’s revenue outlook appeared first on CryptoSlate.

Anyone following the relevant forums this week will find a type of post that has been rare for years: people opening their address in a block explorer and discovering the balance is gone. No phishing email, no lost backup, no identifiable mistake of their own.

The cause is a device that spent years being regarded as the safest thing you could buy for bitcoin: the Coldcard, made by Canadian company Coinkite. Since 31 July 2026, more than $116 million has left over 5,200 addresses. Some assessments now put the figure at around $130 million.

What makes it worse is who it hit. Not the careless, but the careful: offline storage, cold wallets, seed stamped into steel, never photographed.

This article covers three things. What happened, which manufacturer you can still buy in good conscience, and why switching off your savings plan in a week like this tends to be expensive.

What happened at Coldcard

The Coldcard has been the enthusiast's wallet for years: bitcoin only, no concessions in the interface, a very committed community. In firmware version 4.0.0, shipped since March 2021, the device bypassed its own randomness chip when generating a seed phrase. A software substitute took over whose output can be predicted. For five years, nobody noticed.

Anyone who generated a seed on the device in that period therefore holds a computable sequence rather than a random one. Whoever knows the flaw can recalculate the keys. The rest is a question of compute.

On 31 July, around 594 BTC left roughly 500 wallets within 25 minutes. By 2 August the figure stood at 1,367 BTC; a fourth sweep on 3 August took a further 449 BTC. The Mk2, Mk3, Mk4, Mk5 and Q models may all be affected, depending on which firmware was running when the seed was created.

The distinction matters: what was compromised is not the device but the randomness it used to create the key. A firmware update does not fix existing seeds. Anyone affected has to generate a new seed and move every holding.

Timeline and technical detail are here: 594 BTC gone in 25 minutes — the Coldcard flaw explained and the fourth sweep.

Track record beats spec sheet

Hardware wallets all advertise the same terms. Secure element, open source, air gap, PIN, passphrase — that sits on practically every spec sheet and compares about as usefully as horsepower figures on cars.

What is not on the sheet: how a manufacturer has behaved in recent years when something went wrong. After this week, we consider that the more important criterion. Here are the three vendors we are asked about most often.

Coinkite (Coldcard)

An excellent technical reputation, consistently bitcoin-focused, one of the most loyal user bases in the market. And now a key-generation flaw that went undetected for five years. That is the most serious category, because the damage cannot be repaired after the fact. Coinkite has published corrected firmware and is telling users to move funds to newly generated wallets. Anyone looking to buy a device right now should wait for the independent review.

Ledger

The French market leader has the longest incident list in the sector. What tends to get lost in the argument is that none of those incidents affected the hardware itself.

• July 2020: a breach of the online shop exposed more than a million customer records. They remain the basis for phishing letters and counterfeit replacement devices to this day.
• May 2023: the announcement of Ledger Recover, the option to split a seed into encrypted shards, contradicted the promise many customers thought they had bought.
• December 2023: malicious code reached the Connect Kit, and with it a range of dApps, through a former employee's phished npm account. Around $484,000 was drained; the victims were dApp users, not wallet holders.
• January 2026: customer data again, this time via shop partner Global-e.

Ledger documents the incidents in its own security incident report. The risk for users here is not the firmware but the letterbox: the 2020 delivery addresses have circulated for years, and the scams built on them keep improving.

Tangem

The counter-design, and currently the most interesting approach. Tangem uses cards instead of a device with a screen, a cable and a battery. The key is generated inside a secure element certified to Common Criteria EAL6+ and does not leave the card. There is no USB port and no on-device firmware update, which noticeably reduces the attack surface. Backup runs through a set of two or three paired cards rather than a slip of paper in a folder.

The record reads as unremarkable: independent reviews by Kudelski Security (2018), Riscure (2023) and Cure53 (2026), none of which found a vulnerability. Across more than a million cards shipped, no systematic incident has become known. The certificates and audit reports are published openly by the manufacturer. None of that is a guarantee, but it is a verifiable history — and that is what counts after a week like this.

Disclosure: CryptoTicker runs partner programmes with some of the providers named here. The assessment above follows the publicly documented incident record, not the commercial relationship. Where our view differs from it, we say so — as with Coldcard and Ledger.

Prices, supported coins and ratings in detail are in our hardware wallet comparison.

Three rules for choosing

1. Buy on history, not on features

Before ordering, it is worth searching the manufacturer's name alongside "incident", "breach" or "vulnerability". Zero results is not a good sign but usually just an indication of poor documentation. What matters is the response: how quickly the disclosure came, whether it was complete, whether an independent audit followed. Manufacturers who dissect their own failures in public are generally the safer bet.

2. Do not leave entropy to a single device

The Coldcard case was a randomness problem. Two established methods address it. Either you generate the seed from dice rolls, which several devices support, or you build a multisig using devices from two different manufacturers. In a 2-of-3 setup spanning two brands, a vendor-wide firmware defect no longer means total loss.

3. Check in regularly

Cold storage tempts you not to look for years. A quarterly appointment is enough: check balances through a block explorer — the public address is sufficient, and the seed goes nowhere — skim the vendor's firmware changelog, verify where the backup is kept. That costs fifteen minutes, four times a year.

Why the savings plan should keep running

Bitcoin trades around $64,100 on 5 August 2026. The news flow is unpleasant: the wallet disaster, two perp DEXs drained in July, and the first US spot ETF closing its doors. Many investors respond by suspending their savings plan until things calm down.

That is understandable and usually a mistake. A savings plan is not a market instrument but an instrument against your own mood. Its value is created in the months when you want to switch it off. Anyone who paused in 2022 missed the cheapest stretch of the cycle and restarted in summer 2024 at markedly higher prices.

Our pick: Coinbase — but not via the savings-plan button

For European investors, Coinbase is currently the obvious choice. Since June 2026 its European business has run under a MiCA licence based in Luxembourg, consolidating the previous national authorisations, including the German one. Since the last transition period expired on 1 July 2026, that authorisation determines who is allowed to stay in the European market. Add clean SEPA rails, local-language support and a tax export the common tools can handle.

Less well known is that the convenient recurring buy in the app is the most expensive way to buy there.

On €200 a month that adds up to roughly €60 a year, for an identical result in the portfolio. If you want both, set up a standing SEPA transfer into your Coinbase account and place one limit order a month in Coinbase Advanced, then withdraw to your own wallet. The automation then sits in the standing order rather than in the buy button.

Providers side by side — fees, minimum instalment, execution frequency, withdrawal costs — are in our guide to buying bitcoin. For which exchanges still operate under regulation in Europe after MiCA, see regulated crypto exchanges compared.

What to take away

The Coldcard incident is not an argument against self-custody. It shows that choosing the manufacturer is the real decision, and that the choice should rest on documented history rather than on standing within the scene.

Three steps worth taking this week:

1. Establish your exposure. If you use a Coldcard and generated the seed on the device after March 2021, create a new wallet today — on corrected firmware or on another manufacturer's device — and move everything. Waiting behind a test transaction achieves nothing here: the flaw is public and so are the affected addresses.
2. Review your custody setup. Not on the feature list or the price, but on incident history and response behaviour. The hardware wallet comparison does the research for you.
3. Keep the savings plan running and, while you are at it, move it from the app to a monthly limit order. Five minutes of work, roughly €60 saved a year.

Beyond this week, one conclusion holds for wallets as much as for exchanges: in practice, security is less often a technical question than a question of selection. Choose providers on verifiable history rather than on promises and you have avoided the larger part of the risk.

(As of 5 August 2026. This article is not investment advice. Prices and fee models change; check current terms with the provider before every purchase.)

Gold delivered one of its strongest sessions of 2026, climbing 4.4% to approximately $4,257 per ounce. Bitcoin, meanwhile, remained near $64,000, recording only a modest recovery despite falling bond yields, a weaker dollar and improving sentiment across traditional markets.

The contrast is striking. Based on the estimated quantity of gold held above ground, the precious metal added roughly $1.3 trillion in market value during a single session—almost equivalent to Bitcoin’s entire market capitalization.

Why is gold responding so strongly while Bitcoin continues to struggle?

How Gold Added Approximately $1.3 Trillion

Spot gold climbed 4.4% to $4,256.85 per ounce, touching an intraday high near $4,259. It was gold’s strongest daily performance since February, while US gold futures rose approximately 4% to more than $4,317.

According to the World Gold Council, approximately 219,891 tonnes of gold existed above ground at the end of 2025. At the latest spot price, that stock would be worth approximately $30 trillion.

Applying a 4.4% daily increase to that estimated valuation produces a gain of roughly $1.27 trillion, commonly rounded to $1.3 trillion.

This does not mean investors deposited $1.3 trillion into the gold market in one day. Market capitalization reflects the value of the entire estimated supply at the latest quoted price. A relatively smaller amount of trading can therefore change the theoretical value of all existing gold.

Nevertheless, the comparison remains significant: gold’s estimated one-day increase was almost as large as Bitcoin’s entire market capitalization of approximately $1.3 trillion.

Why Did the Gold Price Surge?

The rally was driven by a combination of falling Treasury yields, a softer US dollar and changing expectations surrounding the Iran conflict.

Optimism about progress in negotiations involving the United States, Iran and Oman helped push oil prices lower. The prospect of reopening the Strait of Hormuz reduced fears that energy shortages would keep inflation elevated.

Lower inflation expectations weakened the case for another Federal Reserve interest rate increase. The US 10-year Treasury yield declined toward 4.60%, making non-yielding assets such as gold relatively more attractive.

The relationship may initially appear contradictory. Easing geopolitical tensions normally reduces demand for traditional safe havens. In this case, however, the effect on oil prices, inflation expectations and bond yields provided stronger support for gold.

The move was also part of a wider precious-metals recovery. Silver gained almost 5%, while gold futures extended their two-day advance to more than 5%.

Bitcoin Price Remains Stuck Near $64,000

Bitcoin was trading around $64,600 at the time of writing, gaining approximately 1% over 24 hours. Ethereum hovered near $1,890, XRP traded around $1.06 and Solana remained close to $74.

The total cryptocurrency market capitalization stood near $2.19 trillion, while Bitcoin dominance increased to approximately 58.8%. These figures indicate that the recovery remains heavily concentrated in Bitcoin, with little evidence of a broader altcoin breakout.

Bitcoin’s position becomes even more unusual when compared with other markets. Gold is surging, Treasury yields are declining and major US equity indexes have recently traded near record levels. Bitcoin, however, remains approximately 49% below its October 2025 record of around $126,000.

The conditions that would normally support crypto are improving, but buyers are still reluctant to return.

Why Is Bitcoin Failing to Follow Gold?

Bitcoin’s weakness appears to be driven more by missing demand than by aggressive panic selling.

Spot Bitcoin ETF flows recently turned negative, while open interest on the Chicago Mercantile Exchange reportedly returned to levels last seen in 2023. This suggests that institutional participation has weakened significantly.

Corporate demand has also become less reliable. Strategy sold 1,638 BTC for approximately $104.7 million between July 27 and August 2. The company used the proceeds to fund preferred-stock dividends and repurchase STRC shares, according to its SEC filing.

The sale was relatively small compared with Strategy’s remaining 842,138 BTC holdings. Still, it represents an important psychological shift. One of Bitcoin’s most aggressive corporate buyers became a seller while the market was already struggling to attract new capital.

Regulatory uncertainty is creating another obstacle. The CLARITY Act remains stalled in the US Senate, reducing expectations that clear market-structure legislation will provide an immediate institutional catalyst.

Together, weak ETF demand, reduced derivatives activity, corporate selling and regulatory delays have prevented Bitcoin from fully benefiting from the improving macroeconomic environment.

Is Gold Replacing Bitcoin as the Preferred Safe Haven?

The latest performance strengthens gold’s position as the market’s preferred defensive asset, at least in the short term.

Gold benefits from an established institutional market, central-bank ownership and centuries of acceptance as a store of value. Bitcoin offers scarcity and independence from traditional financial systems, but it continues to trade like a high-risk liquidity asset during periods of market uncertainty.

This does not mean Bitcoin’s safe-haven argument has permanently failed. It shows that investors are currently treating gold and Bitcoin differently.

Gold is responding directly to falling yields and a weaker dollar. Bitcoin requires those conditions plus renewed crypto-specific demand. Without ETF inflows, corporate accumulation or a major regulatory catalyst, favorable macroeconomic developments may not be enough to produce a sustained Bitcoin rally.

What Happens Next for Bitcoin?

Bitcoin’s immediate challenge is to convert its stabilization above $64,000 into a decisive breakout. A sustained move above the recent $65,000–$67,000 resistance area could indicate that buyers are finally responding to improving macroeconomic conditions.

Failure to hold the $63,000–$64,000 region would keep the risk of another decline toward $60,000 alive. Demand around that psychological level could determine whether Bitcoin is building a long-term bottom or merely pausing before another correction.

Traders should also monitor ETF flows, developments surrounding the CLARITY Act and any further Bitcoin sales by major corporate holders. These crypto-specific catalysts may matter more than movements in gold or equities over the coming weeks.

Gold Surges While Bitcoin Waits

Gold’s estimated $1.3 trillion one-day increase demonstrates how quickly global capital can reprice a major asset when macroeconomic conditions change.

Bitcoin has not experienced the same reaction. Its price remains near $64,000, altcoins are showing little momentum and institutional participation remains weak.

The divergence does not necessarily signal the end of Bitcoin’s recovery potential. It does, however, show that improving macroeconomic conditions alone are no longer sufficient. Until crypto attracts its own powerful catalyst, gold may continue winning the battle for global safe-haven demand.

Clarity Act Updates: Why is this week the deadline?

Senate Majority Leader John Thune says he still expects a floor vote on the CLARITY Act this week, even though the chamber has only a handful of legislative days left before its August recess. The Senate has until Friday to act, after which lawmakers do not return until 14 September.

Under Senate rules, Thune had to start the procedural clock on 4 August to allow an August 6 vote on whether to even open debate. That opening vote needs 60 of 100 senators to say yes before the bill and its amendments can be considered at all. As of Tuesday, the bill was still not on the official floor schedule and no cloture motion had been filed.

Can it actually get 60 votes?

That is the real problem. Republicans hold 53 seats, so at least seven Democrats have to cross over. Committee support suggests two are already there, Ruben Gallego and Angela Alsobrooks, while Chris Murphy, Chris Van Hollen and Jeff Merkley formally came out against the bill in mid-July after a merged draft dropped an ethics provision Democrats had treated as a condition.

The prediction markets have noticed. Polymarket odds on the CLARITY Act becoming law in 2026 have slid to roughly 28 percent, down from a February peak of 82 percent. Galaxy Research cut its own enactment estimate from 50 percent to 30 percent this week.

What does the bill actually change?

The core of the CLARITY Act is jurisdictional. The SEC keeps oversight of investment contracts and tokenized securities, while the CFTC gains full spot market authority over digital commodities, a real expansion given it currently holds derivatives jurisdiction with limited reach into spot markets.

A grandfather clause in the current draft would treat tokens tied to spot ETFs listed before 1 January 2026 as commodities by default, covering XRP, Solana, Litecoin, Hedera, Dogecoin and Chainlink. New projects would also be allowed to raise up to 75 million dollars a year without full SEC registration, subject to disclosure. JPMorgan flagged that provision alone as capable of pulling onshore venture activity back from offshore.

Clarity Act Failure: What happens if the window closes?

Failure in 2026 would not kill the bill. It would push final passage into 2027, an election-shadowed year, with the agencies carrying the regulatory load in the meantime. Each missed deadline has chipped away at confidence that Congress can deliver a comprehensive framework before election-cycle gridlock sets in.

For traders, the near-term read is simple. A successful procedural vote before Friday is a genuine positive catalyst. Another slip means the regulatory story goes quiet until mid-September.

Seven weeks ago SpaceX pulled off the largest listing in stock market history. Today the stock trades below the price its own IPO investors paid, and the chart tells the story more clearly than any headline has.

$SPCX changed hands around $118.21 on Tuesday morning. That is roughly 44% below the closing record of $211 set on 16 June, about 12% under the $135 offer price, and it comes two sessions after the stock printed an all time low of $104.83. The company reports its first quarterly results as a public company after the closing bell tonight, and its first insider lockup tranche expires on Thursday.

Two events, two days apart, on a stock that has spent seven weeks going one direction.

What actually happened at the IPO?

The deal itself was a success by every conventional measure.

SpaceX priced at $135 per share on 11 June and began trading on the Nasdaq on 12 June, raising $85.7 billion in total. The order book ran more than twice oversubscribed, with roughly $150 billion of demand chasing the raise, and around 30% of the allocation was reserved for retail investors, an unusually large share for a deal of this size. The retail tranche was exhausted before pricing closed, and many investors who applied through Robinhood, Fidelity, SoFi, Schwab, or E*TRADE received partial fills or nothing at all.

The stock opened at $150, closed its first day at $160.95, and by 16 June it had touched an intraday high of $225.64. At that point the market was valuing SpaceX near $2.1 trillion.

One detail from the deal explains much of what followed: SpaceX floated less than 5% of its outstanding shares. A very small float met very large demand, which is a reliable recipe for a high print, and an equally reliable recipe for what happens when that float expands.

How does the chart break down?

Looking at the chart from listing to now, the move splits into five distinct phases.

• Phase one, the launch pop (12 to 16 June). Price ran from the $161 first day close to just above the 200 line within four sessions. Almost 25% in a week, on scarcity rather than fundamentals, since there were no public results to trade on yet.
• Phase two, the first break (17 to 22 June). The chart drops from roughly $190 to about $155 across three sessions, then flattens. That is the point where the initial scarcity premium came out, and nothing in that stretch reads like normal profit taking. It is a gap down in the trend structure.
• Phase three, the index rally that failed (23 June to 7 July). Price built back to about $171 by 30 June into anticipation of Nasdaq-100 inclusion, which formally took effect on 7 July and forced an estimated $4.3 billion of price insensitive buying into the stock. The rally peaked before the event and faded through it. Textbook buy the rumour, sell the news. Anyone who bought the index story at $171 was down 10% within a week.
• Phase four, the grind (8 to 31 July). This is the section that matters technically. Twenty three sessions of lower highs and lower lows with almost no counter rally: $152, then $140, then $127, then $116, then $108.37 on 31 July. The IPO price broke on 15 July, when SPCX traded to an intraday low of $132.15. Trend moves this orderly are usually positioning, not panic.
• Phase five, the reversal (1 to 4 August). The stock hit $104.83 intraday on 3 August, then closed at $114.53, up 5.68% on the day, and has added another 3% since. That is the first higher low on the chart in seven weeks.

One reversal candle after a 50% drawdown is not a trend change. It is a stock that got oversold into two binary events.

Why did the stock fall so hard?

Four overlapping pressures, and only one of them is about the business.

1. The float expansion. The first lockup tranche expires on 6 August, releasing roughly 911.5 million shares worth close to $123 billion at recent prices. That figure exceeds the entire current public float. It is also only the opening tranche of a staggered schedule: five smaller releases of around 7% each land at day 70, 90, 105, 120, and 135 after listing, with another 28% following Q3 results. Supply keeps arriving into December.
2. The short trade. SPCX became the most shorted new listing on Wall Street, with short interest reaching roughly 28% of the float. S3 Partners attributed the build to the combination of price weakness and the approaching lockup, which is a positioning story rather than a fundamental thesis.
3. The funding question. Morgan Stanley put SpaceX's capital requirement at $672 billion with no projected positive cash flow until 2035. The company lost about $4.9 billion in 2025 and roughly $4.3 billion in the first quarter of 2026 alone.
4. The multiple. Even after the drawdown, SPCX trades near 49 times expected revenue. Tesla, for comparison, trades around 15 times. Morningstar's position is that the valuation implies investors wait decades for earnings to catch up to the price.

What does tonight's report need to show?

Consensus sits at roughly $6.8 to $6.9 billion in second quarter revenue and a loss of about $0.23 per share, though the range of analyst estimates runs from a $1.26 loss to a $0.33 profit. That spread tells you how little the market actually knows.

Three numbers carry the weight.

• Starlink. The connectivity unit generated $11.39 billion in 2025, about 61% of total revenue, and it was the only profitable segment with $4.42 billion of income. Subscribers passed 12 million in June, served by a constellation of more than 10,200 satellites. Second quarter Starlink revenue is projected near $3.83 billion. Morningstar expects subscriber growth to slow to 93% this year from 229% in 2025, so net additions and average revenue per user matter more than the headline. SpaceX raised prices in June and added a $10 monthly terminal fee, which should show up here.
• AI spending. The segment produced $818 million of revenue in the first quarter. After xAI rebranded to SpaceXAI on 7 July and the Cursor acquisition, the question is straightforward: is Starlink's cash flow funding an AI business that can grow into a $1.4 trillion valuation, or subsidising one that cannot?
• Starship cadence. Flight 13 deployed 20 Starlink V3 satellites in July. Investors want the timetable for regular operational launches, not another test schedule.

Where are the levels?

On the chart, the immediate resistance is $123, which is where the July slide accelerated. Above that, $150 is the next meaningful shelf, and it is also roughly where the trend broke in Phase two.

Below, $105 is now the reference low, with $100 as the round number that would likely attract attention if it goes. The $175.50 level is worth knowing for a different reason: if SPCX trades 30% above the IPO price on five of any ten sessions, another 10% of restricted shares release early. At $118, that trigger is nowhere close.

Analyst positioning is strikingly disconnected from price action. Twenty eight analysts cover the stock, 27 of them rate it a buy, and the average 12 month target is $236.71, with estimates spanning $62 to $800. Needham raised its target to $250 in mid-July, the same week the stock broke its IPO price. Phillip Securities initiated at Sell on 31 July. Ark Invest bought $16.6 million on the way down.

What is the realistic read here?

The setup is unusually clean, which is rare and worth saying plainly.

If earnings show Starlink margins expanding and management gives credible capital expenditure guidance, a 50% drawdown starts looking overdone, shorts covering 28% of the float adds fuel, and $123 then $150 come into play. If the numbers land soft or guidance is vague, Thursday's lockup stops being a scheduled event and becomes a supply problem into a market that has absorbed this stock badly since June.

The wider lesson has nothing to do with rockets. A sub-5% float produces a price that reflects scarcity, not consensus. Every holder who bought above $150 was buying a number the float was manufacturing. That mechanism is now unwinding on a schedule that runs through December, and no single earnings report changes it.

Five days after the first sweep, the Coldcard incident has stopped looking like a single event and started looking like a slow harvest. Blockchain analysts tracked a fourth round of drains running through Monday, and the running total of observed losses is now closing on $114 million. What has not happened is the price collapse many traders expected. Bitcoin reclaimed $63,000 in Asian hours on Tuesday and touched just above $64,100 overnight, up roughly 2 percent on the day.

That gap between the severity of the security failure and the calm in the order book is the real story right now.

What actually happened to the Coldcard wallets?

The failure was not a phishing attack, not malware, and not physical access to anyone's device. It happened at the moment each wallet was created.

Coldcard firmware calls a function to pull randomness when it generates a recovery seed. Two implementations of that function sat in the codebase with the same signature: the hardware random number generator that Coinkite wrote for the STM32 chip, and a software fallback inherited from MicroPython. A preprocessor guard checked only whether a build setting was defined and never tested its value, so the build completed against the software fallback without a single warning.

The result was seeds that looked completely normal. The firmware kept producing valid BIP-39 recovery phrases, and the values passed routine testing because they appeared random enough, which is exactly why the weakness sat undetected for so long. Block's analysis showed that an attacker able to determine or narrow down the device UID, timer state, and prior call history could reproduce candidate output streams offline, without ever touching the device.

Block traced the change to a commit dated 1 March 2021, shipped in firmware 4.0.0 that same month. That means some of the affected wallets were quietly guessable for more than five years.

How large are the losses now?

The figures have moved every day, and the reason is that different firms are measuring different transaction sets.

The first public number came from Coinkite's own advisory and Chainalysis: roughly 594 BTC, about $38 million, taken from around 500 wallets in a 25 minute window that ended just before 02:00 UTC on 31 July. Galaxy Research then mapped a separate and larger sweep, identifying 1,196 addresses holding about 1,082.65 $BTC, worth roughly $70.2 million, drained across 41 minutes.

A third wave surfaced over the weekend. By Monday the tally across three waves stood at roughly 1,367 BTC, close to $89 million, taken from about 4,585 addresses. The average haul per address fell with each round, which suggests the operator worked through the large balances first and then moved down to wallets worth a few thousand dollars. The fourth wave ran through Monday and took roughly 449 BTC from 709 addresses on the revised count, and Galaxy has not confirmed whether the same operator is behind it.

Add it up and observed losses are in the $114 million to $116 million range, from a bug in a device whose entire purpose was to make this impossible.

Which devices are affected, and does a firmware update fix it?

This is the part that matters most for anyone holding a Coldcard.

Coinkite says the issue covers Mk3 firmware versions 4.0.1 through 4.1.9, and its updated advisory also includes seeds generated on Mk4, Mk5, and Q devices before the latest firmware fixes. The initial advisory suggested Mk4, Q, and Mk5 were clear, so the scope has widened since Friday.

Updating does not repair anything. A weak seed is already a weak seed, and new firmware cannot retroactively add entropy to a key that was generated years ago. The correct sequence is to update the device first, generate a completely new seed, and only then move funds across after verifying the replacement wallet.

Block, Trezor, and Ledger have all confirmed their own devices are unaffected.

Was AI used to find the bug?

Coinkite thinks so, and said as much publicly.

The company assumes someone ran AI tooling over previous versions of its open-source firmware to surface the flaw, and noted that it had put one of the best available models over its own code a few weeks earlier and the model found nothing serious. Its blunt conclusion was that attackers and defenders now hold the same tools, and in this case the tools only helped one side.

There is a second detail worth flagging. Investigators found the operator used a paid account at a well known blockchain services provider to run the queries needed for the sweep, with the provider apparently serving what looked like ordinary requests. Block has handed the information to authorities.

Taken together, the incident redraws the threat model for cold storage. Cold storage guarantees that a key is unguessable. Holders read that as a guarantee that a key is unreachable. Those are not the same promise, and the cost of finding flaws in the first one keeps falling.

Why has Bitcoin held up despite all of this?

Because the money that left those wallets did not leave the market, and because positioning never got panicked.

Options desks show no stress. The 30 day implied volatility index has sat near 37 percent for several sessions, and the most traded contracts on Deribit are calls at $68,000 and $70,000, which are bullish bets. Spot flows told a similar story: ether funds took small inflows while Bitcoin funds saw an outflow, an unusual split for a market where BTC normally leads.

The bigger drag on price this week arguably is not the hack at all. Strategy disclosed on Monday that it sold 1,638 BTC for about $105 million between 27 July and 2 August, its third sale of 2026, at an average price of $63,957 against a cost basis of $75,419. Proceeds went to preferred dividends and STRC buybacks rather than back into Bitcoin. Holdings now sit at 842,138 BTC and the company has not bought any in more than five weeks.

A treasury company selling below its own cost basis is a clearer signal about demand than a wallet exploit is.

What should holders take from this?

Three practical points.

First, verify at creation, not after. Every major failure of this class, including the 2023 Milk Sad PRNG bug, happened at the moment the wallet was made, which is the one moment a user cannot independently check no matter how disciplined they are afterwards. Generating a seed with a verifiable process, or splitting risk across devices from different manufacturers, addresses that directly.

Second, single vendor concentration is a risk in itself. Roughly 500 holders in the first wave alone shared the same failure because they shared the same supply chain.

Third, keep the numbers in perspective. TRM Labs counted 207 separate incidents in the first half of 2026, the most ever recorded in a half year period, yet total losses came to about $972 million, less than half the $2.3 billion stolen in the first half of 2025. More attacks, smaller hauls. The Coldcard event is severe because of where it broke, not because of its size.

What to watch next

The immediate level is $63,000, which has been reclaimed and lost twice in three days. A third failure would point to thinner support below $62,500. Beyond price, two things will shape the aftermath: whether consumer protection or financial regulators respond at all, which will tell us how governments intend to classify hardware wallets, and whether Galaxy confirms the fourth wave came from the same operator or a copycat working from published research.

Meta's new agent runs in your terminal, coordinates subagents, and survives crashes—but on the benchmarks that matter, it lags behind.

The release targets developers building autonomous apps and workflows on Cloudflare's edge—a clear bet on agent infrastructure.

A U.S. appeals court ruled Amazon is unlikely to prove Perplexity violated federal hacking law, marking the first appellate decision on whether AI agents can legally act on users' behalf online.

Eligible Visa Direct clients can now prefund accounts and send payouts in stablecoins, expanding Visa's latest push to bring blockchain-based payments into its global network.

Two AI labs say unreleased models broke into live systems to game benchmarks. Prosecuting a line of code is harder than it looks.

The XRP Ledger could soon receive a major upgrade aimed at improving multi-signature transaction coordination.

The long-stalled Crypto Clarity Act showed signs of life on Wednesday as bipartisan negotiations intensified ahead of Congress' August recess.

Dubai Duty Free now allows crypto payments at DXB and DWC airports, enabling Shiba Inu (SHIB) and 29 other digital assets to be settled in UAE Dirhams.

Hyperliquid’s HYPE token delivered one of the crypto market’s strongest performances in Q2.

Fundstrat’s Tom Lee claims quantum tech will break Bitcoin by 2028, but cypherpunk Adam Back points out a major flaw in the panic.

TLDR

• Beyond Meat shares fall after Q2 revenue declines 8.2% to only $68.8 million.
• Adjusted EBITDA loss widens to $27.7 million as quarterly margins weaken further.
• U.S. foodservice revenue plunges 27.6% amid weak demand and fewer locations.
• International retail sales rise 16.5% and provide the quarter’s main bright spot.
• Beyond Meat guides Q3 revenue to $60 million–$65 million after a weak quarter.

Beyond Meat (BYND) stock fell after the company reported weaker revenue and a wider adjusted EBITDA loss. The stock dropped 3.72% to $0.6101, then slipped 1.66% after hours to $0.6000. The results showed persistent demand weakness across key United States channels throughout the quarter.

Beyond Meat, Inc., BYND

Beyond Meat Q2 Revenue Falls as Product Volume Weakens

Beyond Meat reported second-quarter revenue of $68.8 million, down 8.2% from $75.0 million one year earlier. Product volume fell 9.5%, while net revenue per pound increased 1.3%. Lower demand and fewer distribution points reduced domestic sales and weakened overall quarterly revenue.

United States retail revenue declined 9.9% to $29.6 million during the quarter. Meanwhile, United States foodservice revenue dropped 27.6% to $8.0 million. Weak category demand, higher discounts, and reduced product availability hurt both channels across major customer segments.

International retail revenue delivered the strongest performance and rose 16.5% to $18.5 million. Higher European and United Kingdom sales supported demand for burger, chicken, and ground beef products across several markets. However, international foodservice revenue fell 16.0% after quick-service restaurant customers reduced orders.

Beyond Meat Margins Narrow as Operating Loss Remains High

Gross profit reached $5.9 million, compared with $7.9 million during the prior-year quarter. Consequently, gross margin narrowed to 8.5% from 10.6% one year earlier. China exit expenses added $1.6 million to production costs and reduced reported profitability during the period.

Operating expenses fell to $36.7 million from $45.4 million during the comparable period. An $11.0 million arbitration settlement credit lowered reported operating costs. Even so, Beyond Meat recorded a $30.8 million operating loss despite the settlement benefit.

The operating loss improved from $37.5 million one year earlier because expenses declined and the settlement credit helped. However, adjusted EBITDA worsened to a $27.7 million loss from a $24.7 million loss. The adjusted EBITDA margin also weakened to negative 40.2% from negative 33.0%.

Debt Gain Lifts Net Income as Q3 Outlook Remains Soft

Beyond Meat (BYND) Stock Rockets 14% on Major New York Distribution Partnershipreported net income of $16.4 million, reversing a $31.8 million prior-year loss. A $57.7 million non-cash debt extinguishment gain drove the improvement. However, diluted earnings remained negative at $0.06 per share because of accounting adjustments and share dilution effects.

The company ended the quarter with $186.1 million in cash and restricted cash. Meanwhile, total debt carrying value stood at $323.8 million at quarter-end. Operating cash use improved to $23.2 million from $58.0 million over the same six-month period.

Management expects third-quarter revenue between $60 million and $65 million, below the second-quarter total. Beyond Meat continues restructuring operations, lowering its cost base, and expanding beyond traditional plant-based meat products. The company recently launched Beyond Steak Filet and Beyond Immerse under its broader plant protein strategy.

The post Beyond Meat (BYND) Stock: Falls as Q2 Revenue Declines and Adjusted EBITDA Loss Widens appeared first on Blockonomi.

TLDR

• MercadoLibre revenue jumped 50% to a record $10.2 billion during Q2 2026 alone.
• MELI stock fell 4.65% after hours despite strong growth across core divisions.
• Mercado Pago payment volume topped $100 billion as active users rose 30% YoY.
• Commerce GMV reached $22 billion as Brazil and Mexico delivered solid growth.
• Advertising revenue surged 73% as automated tools boosted seller engagement.

MercadoLibre (MELI) shares gained 1.80% to $1,922.57 before dropping 4.65% after hours to $1,833.13. The reversal followed strong second-quarter growth across commerce, payments, advertising, and technology operations. Still, lower operating margins and sustained expansion spending outweighed the record revenue performance.

MercadoLibre, Inc., MELI

Net revenue and financial income reached $10.2 billion, increasing 50% from the previous year. The result marked 30 consecutive quarters with growth above 30% and the fastest pace in four years. The Latin American commerce and fintech group also surpassed $10 billion in quarterly revenue for the first time.

Operating income reached $683 million, while the operating margin stood at 6.7% during the quarter. Net income totaled $466 million and produced a 4.6% margin despite substantial revenue growth. Spending on shipping, credit cards, product selection, cross-border trade, and memberships limited near-term profitability.

Commerce Growth Accelerates Across Major Markets

Commerce revenue increased 50% to $5.8 billion as demand strengthened across major Latin American markets. Gross merchandise volume reached $22 billion, rising 36% on a currency-neutral basis and 44% in dollars. Total items sold climbed 45% to 795 million, supported by broader selection and faster delivery.

Brazil led regional growth as currency-neutral merchandise volume rose 39% and sold items increased 56%. Mexico recorded 26% merchandise volume growth, while item sales advanced 34% despite tax reform pressure. Argentina delivered 38% merchandise volume growth and 22% higher item sales during weak consumer demand.

Unique active commerce buyers grew 26% to 89 million, while purchases per buyer increased 14%. Brazil’s lower free-shipping threshold continued driving higher purchase frequency, broader category use, retention, and conversion. Furthermore, cross-border merchandise volume rose 60%, while China fulfillment activity expanded 170% from the previous quarter.

Mercado Pago and Advertising Support the Wider Ecosystem

Mercado Pago revenue rose 49% to $4.4 billion as payment activity expanded throughout the region. Total payment volume exceeded $100 billion for the first time, reaching $101 billion after 56% growth. Monthly active fintech users increased 30% to 88 million, led by faster growth in Brazil and Mexico.

Assets under management climbed 68% to $23 billion, while average assets per user increased 29%. The credit portfolio expanded 75% beyond $16 billion, including a $7.7 billion credit card portfolio. MercadoLibre issued 2.6 million cards, while portfolio delinquency remained near historical lows at 7.0%.

Advertising revenue increased 73% in dollars as more sellers used automated campaign and budget tools. Ecosystem users grew 37%, strengthening activity across both MercadoLibre’s marketplace and Mercado Pago services. Additionally, the company completed its upgraded search rollout across five markets, improving conversion and click-through rates.

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TLDR

• Figma shares sank 15% after hours despite 48% second-quarter revenue growth.
• Q2 revenue reached $370.1 million as growth accelerated for a third quarter.
• AI credit monetization expanded, with major customers using credits weekly.
• Figma raised its 2026 revenue outlook by $40 million after the strong quarter.
• GAAP operating losses and higher spending weighed on the post-earnings reaction.

Figma shares plunged 15.31% after hours to $23.84, despite strong second-quarter revenue growth and higher full-year guidance. The stock had closed 3.80% higher at $28.15 before the earnings release triggered a sharp reversal. The decline followed mixed market reactions to growth, spending, and the company’s outlook.

Figma, Inc., FIG

Figma reported second-quarter revenue of $370.1 million, up 48% from the same period last year. Revenue also exceeded the company’s earlier guidance range and accelerated for a third consecutive quarter. However, the market focused on operating losses and higher spending tied to product expansion.

The company raised its full-year revenue forecast by $40 million after the stronger quarterly performance. It now expects annual revenue between $1.463 billion and $1.467 billion. That range implies 39% growth at the midpoint and reflects continued demand across its platform.

AI Credit Sales Support Customer Expansion

Figma completed its first full quarter of AI credit monetization during the reporting period. More than 80% of larger paid customers used AI credits weekly by June 30. Customers also expanded both seats and paid credit add-ons during the quarter.

Net Dollar Retention Rate reached 136%, showing strong spending growth among existing customers. Figma had 15,964 customers generating more than $10,000 in annual recurring revenue. That customer group grew 34% from the previous year.

Figma also reported 1,635 customers with annual recurring revenue above $100,000. This group expanded 46% year over year and strengthened the company’s enterprise position. The platform now combines collaborative design, coding, prototyping, and agent-based workflows.

Margins Remain Strong Despite Operating Loss

Figma generated GAAP gross profit of $309.6 million during the second quarter. Its GAAP gross margin reached 84%, while non-GAAP gross margin stood at 85%. Gross profit growth accelerated to 40% under both accounting measures.

Figma posted a GAAP operating loss of $117.3 million and a negative 32% operating margin. Higher sales and marketing costs from its Config conference weighed on quarterly profitability. Still, non-GAAP operating income reached $36.1 million with a 10% margin.

Operating cash flow reached $60.9 million, while free cash flow totaled $53.2 million and carried a 14% margin. Figma ended June with $1.7 billion in cash, equivalents, and marketable securities. Third-quarter revenue guidance spans $373 million to $375 million, with annual non-GAAP operating income at $125 million to $135 million.

The post Figma Inc. (FIG) Stock: Plunges 15% Despite 48% Q2 Revenue Growth and AI Monetization appeared first on Blockonomi.

TLDR

• SoundHound AI stock jumps 13.53% after hours following stronger Q2 results.
• Q2 revenue climbs 45% to $61.9 million as enterprise demand gains momentum.
• Healthcare, automotive, and restaurant deals strengthen growth across sectors.
• Adjusted EBITDA loss narrows 33% as SoundHound strengthens cost discipline.
• SoundHound raises 2026 revenue guidance to between $230 million and $260 million.

SoundHound AI (SOUN) shares surged 13.53% after hours to $7.30 following stronger second-quarter revenue and an improved annual outlook. The stock had closed 1.23% lower at $6.43 before reversing sharply after the earnings release. Enterprise deals across healthcare, automotive, restaurants, and telecommunications supported the company’s strongest operating update this year.

SoundHound AI, Inc., SOUN

SoundHound AI Revenue Rises as Losses Narrow

SoundHound AI reported second-quarter revenue of $61.9 million, up 45% from $42.7 million one year earlier. GAAP gross profit increased 68% to $27.9 million, while gross margin improved to 45.1%. Non-GAAP gross profit reached $36.1 million, with margin holding steady at 58.4%.

The company posted a GAAP operating loss of $43.3 million, compared with $78.1 million last year. Its adjusted EBITDA loss narrowed 33% to $9.6 million during the quarter. Meanwhile, the non-GAAP net loss improved 24% to $9.0 million.

GAAP net loss fell to $42.8 million from $74.7 million in the prior-year quarter. GAAP loss per share improved to $0.10, while non-GAAP loss per share reached $0.02. The results reflected higher revenue, tighter cost control, and improved operating efficiency across the business.

Healthcare Auto and Restaurant Deals Drive Growth

SoundHound AI secured a seven-figure agreement with a nationally ranked healthcare system employing about 30,000 people. It also gained new healthcare business across managed care, pharmacy services, clinical software, nursing, and rehabilitation. Renewals included major biopharmaceutical, home nursing, therapy, and long-term care providers.

The automotive division signed a seven-figure deal with a large Chinese infotainment software company. Stellantis and Hyundai expanded adoption of SoundHound’s live generative voice services across additional vehicles. Another global automotive brand selected the company for direct in-car voice commerce transactions.

Restaurant demand also expanded through new agreements with Ruby Tuesday and several large quick-service chains. Five Guys, IHOP, Jersey Mike’s, and a major pizza brand increased deployment across their locations. Habit Burger, Red Lobster, Torchy’s Tacos, and Lazy Dog renewed or expanded existing services.

SoundHound Raises 2026 Revenue Outlook

SoundHound AI raised its full-year 2026 revenue outlook to between $230 million and $260 million. Management linked the increase to stronger second-quarter performance and growing demand for its OASYS enterprise platform. The company plans another guidance update after completing the expected LivePerson transaction.

SoundHound ended June with $203 million in cash and cash equivalents and carried no debt. However, operating activities used $60.0 million during the first six months of 2026. Investing activities used another $32.7 million, while financing activities provided $46.7 million.

The company also signed an eight-figure Latin American partnership covering a network across more than 20 countries. In addition, a global technology services provider joined its enterprise distribution network. These agreements broaden SoundHound’s sales reach while supporting its push toward profitable growth.

The post SoundHound AI (SOUN)  Stock: Rebounds 13% as Q2 Revenue Jumps 45% appeared first on Blockonomi.

TLDR

• Sandisk shares slide after hours despite Q4 revenue jumping 372% to $8.97 billion.
• Q4 net income reaches $6.90 billion as stronger pricing and volumes fuel growth.
• Datacenter revenue surges 437% in fiscal 2026 as higher-value demand rises.
• Sandisk expands its buyback authorization by $14 billion to support shares.
• Q1 2027 revenue guidance reaches $10.8 billion, with adjusted EPS up to $46.00.

Sandisk (SNDK) shares fell 5.40% to $1,350.50 before dropping another 3.30% after hours to $1,306.00. The decline followed a sharp late-session sell-off despite record fourth-quarter revenue and a larger buyback authorization. The earnings release showed strong pricing, datacenter demand, and profit growth, yet the stock moved lower.

Sandisk Corporation, SNDK

Sandisk Stock Falls After Record Quarter

Sandisk reported fiscal fourth-quarter revenue of $8.97 billion, a 51% increase from the previous quarter. Revenue also rose 372% from $1.90 billion during the same period last year. Management attributed about one-third of sequential growth to volume and two-thirds to higher pricing.

GAAP net income reached $6.90 billion, compared with $3.62 billion in the third quarter. Diluted GAAP earnings climbed 91% sequentially to $43.97 per share. Meanwhile, non-GAAP diluted earnings increased 68% to $39.25 per share.

Gross margin expanded to 84.6%, up 6.2 percentage points from the previous quarter. Operating income rose 71% sequentially to $7.04 billion, while operating expenses declined 1%. These figures reflected strong pricing power and a favorable mix across higher-value storage products.

Datacenter and Edge Businesses Lead Growth

Datacenter revenue doubled sequentially to $2.98 billion and increased sharply from $213 million one year earlier. Edge revenue rose 48% sequentially to $5.43 billion, making it Sandisk’s largest end market. However, consumer revenue fell 32% sequentially to $556 million and declined 5% year over year.

For fiscal 2026, Sandisk generated $20.25 billion in revenue, up 175% from the prior year. GAAP net income reached $11.43 billion, reversing the previous year’s $1.64 billion loss. Diluted GAAP earnings improved to $73.76 per share from an $11.32 loss.

Datacenter revenue grew 437% during the year to $5.15 billion. Edge revenue increased 195% to $12.16 billion, while consumer revenue rose 29% to $2.94 billion. Sandisk linked the full-year performance to stronger pricing and a shift toward higher-value customers.

Buyback Expansion and Outlook Support Growth Plan

Sandisk added five New Business Model agreements after announcing five similar deals during its April earnings call. Three new agreements involved new customers, while two expanded earlier arrangements. The company expects these contracts to deepen partnerships and support longer-term revenue visibility.

The board approved an additional $14 billion share repurchase program. That decision raised Sandisk’s remaining authorization to $15.5 billion. The expanded program gives management greater flexibility to return capital while maintaining investment capacity.

For fiscal first-quarter 2027, Sandisk expects revenue between $10.30 billion and $10.80 billion. Non-GAAP diluted earnings should range from $44.00 to $46.00 per share. Sandisk became independent after separating from Western Digital on February 21, 2025, which shapes earlier period comparisons.

The post Sandisk Corporation (SNDK) Stock: Slides Despite 372% Q4 Revenue Surge and $14 Billion Buyback appeared first on Blockonomi.

Chainlink recorded 1.26 million tokens in net exchange outflows over 24 hours. This was the largest daily outflow since June 29.

Santiment said the drop in exchange supply means fewer LINK tokens are available for quick sell orders, which could potentially lower future sell-off risk.

Bullish Signals

The timing of the move is interesting, according to Santiment. In July, the DTCC processed tokenized US securities trades with Chainlink listed among its technology providers. Meanwhile, its Cross-Chain Interoperability Protocol (CCIP) expanded support across institutional and crypto networks, including Canton and Robinhood Chain. Santiment believes that these developments could be positive for patient LINK bulls.

The crypto asset started July near $7.85 and briefly slipped below $7.6 before recovering. The price then climbed higher and even broke above $8, eventually reaching around $8.86. However, the rally did not hold, and by August LINK pulled back toward $8.2.

Against this backdrop, whale activity around Chainlink has picked up significantly, which essentially reflected stronger confidence among major holders. The network also ranked second in Santiment’s RWA development ranking, behind Hedera, after showing improved activity compared with the previous month.

Pseudonymous market watcher, ‘The Boss,’ said the crypto asset is now testing whether it can break out of the downtrend that has controlled its price for weeks. It has held a long-term demand zone while challenging a descending trendline that has repeatedly rejected price. According to the trader, the structure has strengthened, but confirmation is still needed. A break above the first resistance of $11.62 could mark LINK’s greatest technical recovery since the decline began.

The focus is now on whether buyers can form higher highs and higher lows while staying above the demand zone. If that structure fails, the asset could remain trapped inside the broader bearish trend.

CCIP Adoption

Zooming out, Chainlink is also seeing wider adoption across its ecosystem. Dozens of projects have switched to its technology in recent months. These include Kraken’s kBTC, along with Solv Protocol’s SolvBTC and xSolvBTC.

BitGo also announced moving its cross-chain infrastructure to Chainlink’s CCIP. The move comes as more projects shift away from LayerZero following the $292 million KelpDAO bridge exploit earlier this year.

The post Chainlink Just Saw Its Biggest Exchange Outflow Since June – Bulls Are Watching appeared first on CryptoPotato.

Bitwise Chief Investment Officer Matt Hougan said the CLARITY Act could fail to pass this week, but that would not mean the end of the legislation or the crypto industry’s progress.

The US Senate is scheduled to leave for its August recess on Friday, August 7, and return on September 14. Under Senate rules, lawmakers must file for cloture on the CLARITY Act by Wednesday, August 5, for the bill to have a chance of receiving a vote before the recess.

Crypto Without Clarity

A failure this week would also not necessarily end the act. Hougan expects the legislation to enter a “walking dead” state. That could lead to fresh efforts to pass it in September or during a December lame-duck session. Congress often combines several measures into year-end omnibus legislation, and creates another possible route for the bill.

For Hougan, the bigger issue with that uncertainty is its effect on investors. Some professional investors are holding back from crypto because they do not want to commit capital while the outcome of CLARITY remains unclear. They may wait to see whether the legislation passes or fails and how markets respond.

If the bill does not pass this week, Hougan said a sharp drop in its Polymarket odds could actually help remove that uncertainty. He said the market may wobble initially, but a clearer outcome could leave crypto better positioned for a rally in the fall.

The Bitwise exec sees the Securities and Exchange Commission (SEC) as another potential path for the industry. Chair Paul Atkins recently said the agency is ready and able to introduce rules addressing the same issues covered by CLARITY. Hougan said these rules may be more supportive of crypto and innovation in the short term than a bipartisan congressional bill. The risk, he explained, is that a future administration could appoint a less supportive SEC chair and reverse those policies.

Despite this, Hougan noted that crypto has already built too much momentum for a future regulator to stop its progress. He cited BlackRock’s Bitcoin ETF, efforts by Nasdaq and JPMorgan to tokenize assets, and work by Visa, Mastercard, Stripe and Coinbase on a stablecoin platform. He also pointed to Robinhood’s blockchain, which connects with DeFi applications including Uniswap and Morpho.

The industry is also gaining a stronger position within the US banking system. For instance, the Office of the Comptroller of the Currency has granted trust charters to Circle, Ripple, Paxos and other firms. Outside the US, governments including those in the European Union, Japan and Russia are also pursuing pro-crypto legislation.

The exec said the situation resembles the early development of the internet. Congress failed to advance major telecom reform in 1994, but the internet continued to expand. Netscape, Amazon and eBay emerged, and the number of websites grew rapidly. Congress eventually passed the Telecommunications Act of 1996.

Long-Term Impact

Hougan’s argument comes as other crypto industry figures have also highlighted the wider regulatory impact they believe CLARITY could have. Andreessen Horowitz’s Chris Dixon, for instance, recently said that the bill could help prevent another FTX by giving regulators clearer oversight of crypto exchanges and establishing rules around disclosure, fraud and insider trading.

Dixon said that the market outside stablecoins, which he estimated at around 85% of the market, still lacks a comprehensive federal regulatory framework. Additionally, major banks and fintech firms are now moving beyond experiments, with significant blockchain deployments already live or expected to launch.

While agencies such as the SEC and the CFTC can address many issues, if CLARITY does not pass, Dixon added that legislation offers more lasting rules and gives businesses greater confidence to make long-term investments.

The post What Happens to Crypto If the CLARITY Act Fails This Week? Hougan Explains appeared first on CryptoPotato.

Solana’s native token has been bleeding heavily over the past few months, mirroring the broader cryptocurrency market’s weakness.

Some analysts believe a resurgence remains a plausible option as long as the price stays above certain critical levels.

Are Bulls Ready to Return?

SOL currently trades at approximately $73.70 (per CoinGecko) after slipping by 8% over the last 30 days. This is more or less exactly the level Ali Martinez recently described as a “make-or-break” moment. He argued that more than 50 million tokens were purchased around that zone, making it the most critical support on the map. The analyst claimed that a sustained close below could open the door to a plunge to $60 and even $50.

Most of the latest predictions, though, have been much more optimistic. Michael van de Poppe said “it would be great” to see a breakthrough of $76, saying such an uptrend could trigger a stronger rally to $120.

X user BATMAN also gave their two cents, suggesting that SOL’s valuation has neared a bullish trendline that has supported past major bottoms.

For their part, Pepesso claimed that the asset has one of “the cleanest setups in crypto right now.” They noted the brutal correction over the past months, adding that $45-$60 is the zone that “matters.”

“We are still well above it, but that’s the zone I’m watching if we retrace back in there. As long as $45 holds on any retest, this stays a clean accumulation setup,” the analyst said.

The X user opined that a reclaim of $100 could act as the first real confirmation, and from there, $150-$200 becomes the next range worth attention. On the other hand, a breakout under $45 would invalidate the bullish scenario.

The Concerning Factor

There are some signals that can serve as a bearish counterpoint to the aforementioned optimists. According to Ali Martinez, the number of addresses holding at least 0.1 SOL has declined by 5% over the past two weeks.

Specifically, addresses meeting that threshold have fallen from 11.84 million to 11.26 million, with the analyst outlining that this indicates a slowdown in participation among holders that could add further pressure to the price during the already fragile market conditions.

Small players reducing exposure to SOL is not necessarily a bearish factor and, in fact, combined with whale accumulation, is usually interpreted as a bullish signal. However, recent data does not show any meaningful interest from large holders at this stage.

The post Top Solana (SOL) Price Predictions as of Late appeared first on CryptoPotato.

Ethereum is attempting to stabilize after recovering from its June lows, but the broader trend has yet to shift decisively in favor of the bulls. While the daily chart still reflects a bearish market structure beneath key moving averages, the 4-hour timeframe shows improving short-term momentum as price presses against key resistance levels.

Meanwhile, on-chain data continues to provide a constructive backdrop, with exchange balances falling to fresh cycle lows.

Ethereum Price Analysis: The Daily Chart

ETH is trading around $1.92K after rebounding from the $1.6K demand zone, where buyers stepped in aggressively following the sharp June selloff. The recovery has carried price back above a major confluence resistance formed by the long-term descending trendline and the 100-day moving average near $1.9K.

Despite the bounce, Ethereum remains below both the 100-day and 200-day moving averages, with the 200-day MA still trending lower near the $2.1K region. As long as the asset remains beneath these dynamic resistance levels, the broader market structure continues to favor sellers.

The first key resistance lies at $2.1K, where the mentioned 200-day moving average intersects with a major supply zone. A successful breakout above this cluster could expose the next resistance zone around $2.4K, which previously acted as a major distribution area.

On the downside, the immediate support is located around $1.85K, followed by the stronger demand zone at $1.6K. Losing the $1.85K area and dropping back inside the descending channel would invalidate the recent recovery attempt and likely reopen the path toward the $1.6K demand zone and potentially lower.

ETH/USDT 4-Hour Chart

The lower timeframe presents a more constructive picture. ETH has spent the past several sessions consolidating above the $1.85K support zone while gradually compressing beneath a descending trendline that has capped the price since the late-July high.

This structure resembles a short-term falling wedge or descending channel breakout attempt, with buyers repeatedly defending higher lows despite continued selling pressure from trendline resistance.

A decisive breakout above the descending trendline could trigger a move toward the psychological $2K level and the larger ascending channel’s upper boundary. Clearing those levels would strengthen the case for a continuation toward the daily resistance cluster near $2.2K and even $2.4K.

However, failure to break the trendline could lead to a breakdown of the $1.85K support, and if that zone gives way, ETH may revisit the broader demand area around $1.75K before buyers attempt another recovery.

On-Chain Analysis

The Exchange Supply Ratio continues to trend lower, reaching approximately 0.127, the lowest reading shown on the chart. This persistent decline indicates that a smaller proportion of Ethereum’s circulating supply is being held on centralized exchanges.

Historically, falling exchange balances suggest investors are moving coins into self-custody or long-term storage rather than preparing them for immediate sale. While this metric does not guarantee higher prices in the short term, it generally reflects declining spot sell-side pressure and improves the medium-term supply dynamics.

The combination of shrinking exchange reserves and ETH holding above a key support zone creates a constructive backdrop. Nevertheless, price confirmation remains essential. A sustained move above the descending trendline and the $2.2K resistance cluster would be needed to align the improving on-chain picture with a confirmed bullish technical reversal.

The post Ethereum Price Analysis: ETH Clears $1.9K, but a Bigger Test Awaits appeared first on CryptoPotato.

[PRESS RELEASE – Kingstown, Saint Vincent and the Grenadines, August 5th, 2026]

The former TON executive joins as Director of Strategic Partnerships to form the connections behind ChangeNOW’s next phase.

Former TON executive Martin Masser joins ChangeNOW to build strategic partnerships, ecosystem relationships, and media momentum behind its next phase.

Masser comes with experience across traditional banking, Web2 and Web3, including senior growth and business development roles within the TON space. At ChangeNOW, he will lead strategic relationships with blockchain networks, wallets, fintech companies, payment providers and other infrastructure partners.

His appointment comes as ChangeNOW grows beyond standalone crypto services, transitioning to one connected product where users can buy, store, swap, trade, send, receive and grow digital assets. The industry has already built most of the individual components. What it hasn’t solved is the experience of using them together; clients are still expected to switch between platforms, understand different networks and connect the pieces on their own. ChangeNOW’s super app strategy is designed to move that complexity beneath the product.

“Martin brings a rare mix of commercial relationships, product and media understanding,” said Pauline Shangett, Chief Strategy Officer at ChangeNOW. “He knows what the technology can do, what the business needs and how to make the market pay attention. That is exactly the perspective we need as we build the ChangeNOW super app.”

Masser’s role will focus not on accumulating partnership announcements, but on identifying relationships that can make ChangeNOW’s infrastructure more complete and remove unnecessary steps from the сlient experience.

“The best partnerships create access, adoption and attention. My focus is to build relationships that make the product stronger, simpler and more useful, and then help the market understand why they matter. If you are building wallets, networks, payments, stablecoins, fintech infrastructure, consumer crypto or Web3 products, I want to hear from you,” said Masser.

For consumers, ChangeNOW is combining the core activities of managing crypto within one environment. For businesses, it is developing an integrated set of tools for crypto payments, exchange, stablecoin settlement, digital asset management and Web3 integrations.

As ChangeNOW expands into a crypto super app, its next phase is connecting the right networks, wallets and partners. Masser’s role will be central to building those relationships and turning them into product value, adoption and market momentum.

About ChangeNOW

ChangeNOW.io is a crypto super app built for every crypto move, giving newcomers, professionals, and businesses the tools they need to access Web3 finance in a simple and secure way.

Since 2017, ChangeNOW has grown from a fast, secure, and limitless instant exchange into a trusted platform where storage, swaps, trading, staking, and asset management are covered in one simple experience for millions of clients worldwide.

About Martin Masser

Martin Masser is Director of Strategic Partnerships at ChangeNOW, where he is building partnerships around the company’s expansion into a crypto super app. His career covers traditional banking and capital markets in London and Web3, including his previous role as Head of Growth at TON Foundation. Martin works at the intersection of growth, infrastructure, and partnerships, connecting products and industry players to make crypto services work as one seamless user experience.

The post ChangeNOW Brings Martin Masser Into Its Crypto Super App appeared first on CryptoPotato.