Aug 8 Saturday
The procedural vote on the Clarity Act is scheduled for September 15, requiring 60 votes to advance. Lawmakers are still resolving disagreements over ethics, illicit finance, and Senate Agriculture Committee language.
According to Catcher Predict, the 'Yes' option for the sub-market 'Both Teams Kill a Dragon' in the LoL: SK Gaming vs Natus Vincere LEC regular season event on Polymarket saw a sharp increase in probability, rising from 50% to 90% within an hour. This 40% fluctuation suggests potential breaking news affecting the match.
The Bitcoin Red Team volunteer security initiative has scanned approximately 150 Bitcoin codebases and disclosed over ten vulnerabilities. The team is developing an open-source AI platform to audit Bitcoin software, covering wallets, crypto libraries, infrastructure, and other projects.
Today's crypto news covers daily trends and events affecting Bitcoin price, blockchain, DeFi, Web3, and crypto regulation. Stay informed on the latest developments in the digital asset space.
Senate Majority Leader John Thune has filed cloture on the CLARITY Act, setting a vote for September. The legislation aims to provide regulatory clarity for digital assets.
Cancore, in partnership with OnRails Finance, has launched cETH, a 1:1 wrapped Ether token on the Canton network. The token, audited by Consensys Diligence, is now available for trading.
Qubic has introduced a live tracking tool at ocmock.qubic.org, allowing real-time monitoring of network activities. The platform aims to enhance transparency and user engagement.
Qubic's outsourced computation is now live on mainnet, processing real invocations verified by the full Computor quorum.
Qubic's OC Mock Interface is now publicly accessible at ocmock.qubic.org, having processed 1,455 verified invocations. Each invocation carries 451 valid Computor signatures, ensuring authenticity and integrity.
Qubic has introduced a mock invocation feature at atocmock.qubic.org, allowing Computors to test their OC-Machine setup end-to-end. Multiple machines are already active across epochs 224-225.
RicardoDeZoete won first place with Ricochet Rascals, a 3D arena brawler for up to 6 players. The game is now playable.
In July, Binance recorded $1.61 trillion in trading volume, maintaining its top position. MEXC regained third place from Bybit, while the top five exchanges' combined market share shifted as lower-ranked venues accounted for 12.3% of total volume.
According to Coinglass data, total liquidations across the crypto market reached $69.87 million in the past 24 hours, with short liquidations at $40.38 million and long liquidations at $29.49 million. The largest single liquidation order occurred on Binance's BNBUSD_PERP, valued at $1.12 million, and a total of 51,211 traders were liquidated.
Galaxy Research Vice President Lucas Tcheyan stated that Ethereum and Solana stakeholders are questioning the necessary token security budget and whether adjusting inflation schedules is worthwhile. The discussions remain in the reassessment stage, with no decisions made, and could lead to market repricing of ETH and SOL supply expectations.
Spot Bitcoin ETFs in the US recorded their third-strongest week since October, with over $1 billion in net inflows. This surge indicates renewed institutional interest in the cryptocurrency investment vehicles.
GasFree, a tool on the TRON ecosystem, allows users to pay transaction fees directly with USDT from their wallets. In July, the platform processed 784,000 transactions totaling $13.42 billion, with cumulative users surpassing 399,000.
ECX developer Paul Sztorc announced that the hard fork will activate in three stages, with the first Alpha version on August 23 at block height 963648, followed by Beta on September 20 at block 967680, and the permanent full version on October 31 at block 973728. Tokens collected during Alpha and Beta can be burned and exchanged for official ECX after the permanent chain goes live, while replay protection remains optional but enabled in the official wallet.
Grayscale's Head of Research, Zach Pandl, stated that while a technical agreement on the Clarity Act is still possible, Senate scheduling and election-year politics make passage this year unlikely. However, the impact is limited as the industry has operated without such legislation for nearly 17 years, though lack of comprehensive market structure regulation could hinder new U.S. investment activities and push entrepreneurial activity overseas.
The Central Bank of Brazil has mandated that cryptocurrency exchanges delay transfers exceeding $10,000, as well as smaller transactions identified as risky. This measure aims to enhance monitoring of cross-border crypto movements.
A whale with a 40x leveraged short of $102 million in Bitcoin faced partial liquidation, losing $1.46 million in the past week. After adding margin, the short position was reduced to about $60 million, with an entry price of $64,212.5 and a liquidation price of $65,310.2.
A GSR report highlights structural flaws in crypto treasury management, noting that most DAOs hold about 70% of their treasury assets in native tokens, which can lead to simultaneous declines in treasury value, protocol revenue, and market activity. The report recommends separating operational reserves from long-term holdings and using collar structures to obtain zero-cost downside protection, extending project runways during bear markets.
Berkshire Hathaway's Q2 cash reserves fell to $365.51 billion from about $397.4 billion in Q1, marking the first significant net buying since Q4 2022. The purchases include a $10 billion private placement in Alphabet, a $6.8 billion acquisition of homebuilder Taylor Morrison, and $4.5 billion in share buybacks, with about $3 billion in unexplained open-market buys to be disclosed in the 13F filing.
According to Binance spot data, C98 fell 20.38% in 24 hours, while TST surged 24.02% and showed a rebound from lows. Meanwhile, FLOW, ID, CETUS, and EDEN hit new daily highs with gains of 5.52%, 5.22%, 6.82%, and 11.83% respectively, while VANRY, ACE, and HEI experienced pullbacks with losses of 9.66%, 13.04%, and 16.39%.
Robinhood's crypto lead Johann Kerbrat said the chain, launched a month ago, has nearly $800 million in TVL and processed over 200 million transactions. The platform aims to attract new crypto users rather than compete for existing ones, focusing on product development via Ethereum Layer-2.
Alex Svanevik, CEO of Nansen, stated that Bitcoin's current price around $60,000 may mark the cycle low, and he believes it will never return below that level. He cited Bitcoin's role as a hedge against global central bank monetary expansion and the ongoing transformation of the crypto industry into the real-world era. Svanevik also expressed long-term bullishness on Solana, calling it a strong competitor with an effective business development team, but refrained from making specific price predictions. He also praised Robinhood Chain for its user distribution capabilities, though he doubts it will issue a token.
Matt Hougan, Chief Investment Officer of Bitwise, stated that global capital pools control up to $200 trillion, and a 1% allocation shift could bring trillions into bitcoin. He emphasized this potential as a driver for long-term growth.
Bitcoin News reports that BIP-110 will begin mandatory signaling in 41 blocks. This marks a significant step for the Bitcoin network.
Alex Svanevik, founder of analytics firm Nansen, stated that Bitcoin will never fall below $60,000 again. He attributes this to the maturation of the crypto market, driven by trading in real-world assets.
According to Catcher Predict, the win probability for Bilibili Gaming in the 'BLG (-1.5) vs EDward Gaming (+1.5)' spread market on Polymarket has surged from 73% to 93.5% within an hour. This significant 20.5% fluctuation may be influenced by breaking news.
Galaxy Research indicates that Ethereum and Solana are revisiting token issuance mechanisms, focusing on balancing network security budgets with long-term supply pressure. Adjustments to inflation rates could impact the broader market.
In response to user concerns about withdrawal issues after the shutdown, BitMart founder Sheldon stated on X that the team is conducting asset inventory and system maintenance. He denied any asset misappropriation and mentioned considering court and third-party audit involvement for transparency.
T. Rowe Price, a $1.9 trillion asset manager, has added established memecoins to its crypto ETF. The firm states that excluding them on principle would undermine its active investment strategy.
After Bitmart suspended operations, users faced withdrawal difficulties and employees reported unpaid wages. Founder Sheldon broke his silence, stating the core team is conducting asset reviews and system maintenance, and denied any asset misappropriation or flight, while considering court and third-party auditor involvement for transparency.
Liu ZengYan secured first place in the MIPC 2026 finals with 6.45 million points. Hu XiaoHui and Chen JiaYi followed in second and third, with the top 7 idols officially announced.
The Commodity Futures Trading Commission cautioned prediction platforms about using American-style moneyline odds, which may mislead users. The warning, reported by Bloomberg, emphasizes the need for clear and transparent odds presentation.
Bitcoin spot ETFs recorded their strongest weekly inflows since April, with net inflows of about $1 billion, the third-best performance since October's 'Silent IPO'. Eric Balchunas noted the high correlation between fund flows and the Coldcard incident timing, suggesting institutional demand is recovering and the market may be reassessing the security event's impact.
A whale deposited $11.55 million USDC into Hyperliquid 26 hours ago. The whale previously profited $193,000 from a long position on 10,000 ETH, and has now opened a long position on 25,000 ETH worth approximately $46.5 million over a 34-hour TWAP.
Strategy founder Michael Saylor stated that BIP-110, a temporary soft fork proposal, failed to gain broad miner support, with only 2.6% signaling in favor. The proposal, which would add seven consensus restrictions to reduce embedded non-payment data, is expected to stall or become irrelevant, while Bitcoin continues to function as designed.
AI Financial Corp, a treasury company backed by the Trump family, has sold its Canadian subsidiary ALT5 Sigma Canada to Prime Delta of New York. The deal includes a $12 million secured promissory note, with $1 million due next week and the rest in installments, plus about 11.6 million shares of Prime Delta stock.
On Polymarket, the sub-market for the game handicap in the LoL match between LGD Gaming and Anyone's Legend saw a dramatic shift, with odds for Anyone's Legend jumping from 46% to 92.5% within an hour. This sudden movement suggests potential breaking news affecting the event.
The Central Bank of Brazil announced new anti-fraud rules that will delay certain cryptocurrency transfers for up to 24 hours. The rules, effective next year, apply to transfers exceeding $10,000 to foreign virtual asset firms or self-hosted wallets, reflecting the increased use of virtual assets in financial fraud.
The attack exploited a vulnerability in the contract 0xa806010f where signature digests lacked binding to position ID, manager, caller, nonce, deadline, and chain ID, allowing replay across 21 position IDs. This enabled unauthorized full LP burns under flash loan price manipulation, with no TWAP or slippage checks.
According to Coinglass data, if Ethereum (ETH) rises above $2,013, the cumulative short liquidation intensity on major centralized exchanges (CEX) could reach $627 million. Conversely, if ETH falls below $1,829, the cumulative long liquidation intensity could reach $575 million.
Robinhood announced on X that it has reduced the gas fee subsidy threshold for Robinhood Wallet on Robinhood Chain from $5 to $0.5, a 90% decrease. The subsidy, which covers part of the on-chain transaction fees, will be available until September 29, aiming to lower entry costs and boost on-chain activity.
Morgan Stanley increased its Bitcoin holdings by 232.548 BTC through its spot Bitcoin ETF, MSBT, spending $15.05 million. The total holdings now exceed 6,500 BTC, valued at over $426 million.
A new address withdrew 2,000 ETH (worth $3.81 million) from Binance four hours ago, then transferred the funds through two intermediate steps to another address. The receiving address currently holds $7.96 million in ETH and $1.03 million in LINK.
According to Binance spot data, BICO rose 39% in 24 hours, while PYR fell 16.48% after a spike. Other tokens like AVA, PIVX, VANRY, XAI, ACX, and COOKIE also reversed gains, dropping 6.25% to 16.75%, whereas CTSI and HEI gained 7.92% and 11.14% respectively.
A flaw in Coldcard's key generation process could allow attackers to compromise private keys, challenging the 'not your keys' principle. Galaxy Research highlights this as a critical vulnerability for self-custody users.
A federal judge ruled that Coinbase did not demonstrate federal preemption, permitting Michigan to enforce state laws on its proposed sports event contracts. The decision allows state regulators to proceed with actions against the crypto exchange's sports-related offerings.
Jiang Zhuoer, founder of mining pool B.TOP, noted that stablecoin market cap has declined by $2.23 billion over the past month, with USDT falling from $184.2B to $183.1B and USDC from $73.28B to $72.15B. He stated that current capital flows show no signs of a bull market, and Bitcoin may rebound to $68,000-$70,000 before a final drop.
According to Hyperbot data, the whale Loracle has fully closed its Ethereum short position of 15,335.3656 ETH, incurring a loss of approximately $948,000. Currently, Loracle holds short positions in HYPE, KAITO, and XMR, with an overall unrealized loss of about $491,000 and a return on investment of -3.18%.
BTCPay warned users running LND to update immediately or take servers offline after attackers stole credentials that can control Lightning wallets and move funds. The exploit targets Bitcoin infrastructure, highlighting ongoing security risks in the Lightning network.
The wallet address linked to the Aztec Network Private Rollup Bridge attacker has deposited an additional 300 ETH, worth approximately $572,000, into Tornado Cash. This brings the total transferred to 500 ETH, potentially complicating efforts to trace the stolen assets from the June 2026 security breach that resulted in losses of about $2.165 million.
On Polymarket, the 'Both Teams Kill a Dragon' sub-market for the LoL match between T1 and Hanwha Life Esports saw its 'Yes' probability plummet from 70.5% to 50% within an hour. This sharp 20.5% drop suggests emerging market sentiment or breaking news affecting the event.
Situational Awareness, an AI fund led by former OpenAI researcher Leopold Aschenbrenner, has invested $400 million in Source Foundry, a semiconductor manufacturing startup also backed by Sequoia Capital. The investment aims to support Source Foundry's development of a simpler, cheaper, and faster chip manufacturing process to bridge the gap between AI compute demand and chip production capacity.
Garrett Jin, agent for '1011 Insider Whale', noted that the recent surge in memory chip stocks like SK Hynix may be driven by short covering rather than fundamental confirmation. He highlighted that while demand remains strong through 2027, the sector is cyclical and stock prices have already risen significantly, with the market now shifting focus to evaluating returns on AI capital expenditures.
According to CryptoQuant analyst Axel Adler Jr., Bitcoin is trading at $64,952, 3.8% below the short-term holder realized price of $67,523 as of August 8, 2026. This marks the narrowest gap since July 21, and the analyst suggests that short-term holders may begin selling to break even.
Binance has started allowing users to transfer US stock assets from other brokers into its platform, and vice versa. The feature is currently in gray-scale testing and is expected to be fully rolled out soon.
The European Union is set to review its crypto and stablecoin regulatory framework, potentially amending MiCA to address licensing issues for non-EU issuers. The review is influenced by the US GENIUS Act and Trump's stablecoin policies, and may expand scope to include tokenized payments and deposits.
XRP Ledger's version 3.3.0 introduces 'Confidential Transfers' to encrypt balances and amounts for institutional users, targeting tokenized assets like funds and bonds. The upgrade, pending validator approval, also includes five other proposals for batch transactions, fee sponsorship, and permission delegation.
On August 7, U.S. spot Bitcoin ETFs recorded $98.85 million in net inflows, marking the fifth consecutive trading day of inflows. Meanwhile, spot Ether ETFs saw $49.60 million in net inflows, extending their streak to four days.
BlackRock's ETHA led with $38.15 million in daily net inflows, bringing its historical total to $11.65 billion. The total net assets of Ethereum spot ETFs reached $10.74 billion, with a cumulative net inflow of $11.455 billion.
According to Coinglass data, if Ethereum falls to $1,822, cumulative long liquidation intensity on major centralized exchanges could reach $728 million. Conversely, a breakout above $2,012 could lead to $651 million in short liquidations.
Starting next year, Brazil's central bank will implement new anti-fraud rules that may delay transfers exceeding $10,000 to overseas virtual asset service providers or self-custody wallets for up to 24 hours. The measures aim to combat financial fraud through virtual assets, including stablecoins, without constituting an asset freeze.
Bitcoin miner BitFuFu reported July production of 112 BTC, with self-mined output at 72 and cloud mining at 40, averaging 3.6 BTC daily. The company's bitcoin holdings decreased to 1,314 from 1,671 in June, primarily due to prepayments for future hashrate capacity starting August 2026, not selling.
According to Binance spot data, HFT fell 70.09% and C98 fell 19.39% in 24 hours. Other tokens like ALICE, CTSI, BICO, and XAI also declined, while COTI and PIVX rose.
According to a16z crypto, monthly spending on crypto payment cards has grown to $759 million, allowing users to pay with cryptocurrencies at all traditional card network locations. Stablecoins are converted to local currency at the point of sale, making transactions indistinguishable from regular card payments for merchants.
The XRP Ledger community has introduced amendment proposals that would enable encrypted token balances and transfer amounts, allowing institutions to maintain privacy while granting selective access to issuers, auditors, and regulators. This move targets the $530 million tokenized asset market on Wall Street.
The U.S. Senate has postponed the vote on the CLARITY Act until after the summer recess, reducing the likelihood of near-term passage. Senator Thom Tillis estimates the probability of passage has dropped by 50%, while Senator Cynthia Lummis notes that negotiations have lasted nearly 11 months and the bill has grown by about 300 pages. Disagreements remain over ethics provisions for federal officials' crypto holdings, with Democrats seeking stricter rules.
BitMEX spent two years seeking buyers, including rival exchanges and Exodus, but failed to reach a deal. Potential acquirers were deterred by the founder-controlled holding structure, shrinking business, and legacy reputational issues.
According to Catcher Predict, the prediction market Polymarket shows a sharp increase in the probability of the Minnesota Twins winning against the Milwaukee Brewers, rising from 39% to 80.5% within an hour. This significant fluctuation may be influenced by breaking news.
The proposed Bitcoin fork tied to the controversial BIP-110 could create duplicate balances on both chains, prompting holders to sell seemingly free forked coins. Developers warn that without built-in replay protection until early September, non-professional users should avoid transferring Bitcoin during the potential fork.
Data from Coinglass shows that in the past 24 hours, total liquidations across the crypto market reached $189 million, with long positions liquidated at $75.82 million and short positions at $113 million. Bitcoin long liquidations were $8.37 million and short liquidations $31.48 million, while Ethereum long liquidations were $7.44 million and short liquidations $23.83 million.
A developer cautions that selling coins from the BIP-110 fork could lead to replay attacks on the main Bitcoin chain. Until the chains are separated, holding funds is advised to avoid losses.
STONKBROKER, a meme coin on the Robinhood chain, reached a new all-time high market cap of over $63 million this morning before pulling back to $59.75 million, up 32% in 24 hours with trading volume of $5.9 million. The project recently launched a launchpad for incubating ecosystem projects and Broker Box, a feature that tokenizes stocks into packs, drawing attention from KOLs and the community.
