加密城市 Crypto City
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Only two more days until recess! Can the CLARITY Act pass? These 3 scenarios explained at a glanceThe U.S. Cryptocurrency Market Structure Bill (the CLARITY Act) is heading into a critical countdown, with only two working days left before the summer recess. However, the Senate has yet to indicate whether it will consider the bill, and it has not scheduled any vote timetable. Can the Digital Assets Market Clarity Act (the CLARITY Act) be passed into law this year? At the moment, it appears there are still many variables.
The Senate originally planned to recess on August 7, but it may extend the session to next week. In theory, there is still time for procedural votes, and even to complete a full-chamber vote and send the bill to the House of Representatives.
That said, if the recess goes ahead as scheduled this Friday, then after the September return there will be only 14 working days left—especially since, at that time, lawmakers will also need to deal with other priority issues such as government funding and the Russia sanctions case. Squeezing time to push the (CLARITY Act) will not be easy. In other words, the door for 2026 will very likely close for good.
Only two more days until recess! Can the CLARITY Act pass? These 3 scenarios explained at a glance
The U.S. Cryptocurrency Market Structure Bill (the CLARITY Act) is heading into a critical countdown, with only two working days left before the summer recess. However, the Senate has yet to indicate whether it will consider the bill, and it has not scheduled any vote timetable. Can the Digital Assets Market Clarity Act (the CLARITY Act) be passed into law this year? At the moment, it appears there are still many variables.
The Senate originally planned to recess on August 7, but it may extend the session to next week. In theory, there is still time for procedural votes, and even to complete a full-chamber vote and send the bill to the House of Representatives.
That said, if the recess goes ahead as scheduled this Friday, then after the September return there will be only 14 working days left—especially since, at that time, lawmakers will also need to deal with other priority issues such as government funding and the Russia sanctions case. Squeezing time to push the (CLARITY Act) will not be easy. In other words, the door for 2026 will very likely close for good.
The Senate originally planned to recess on August 7, but it may extend the session to next week. In theory, there is still time for procedural votes, and even to complete a full-chamber vote and send the bill to the House of Representatives.
That said, if the recess goes ahead as scheduled this Friday, then after the September return there will be only 14 working days left—especially since, at that time, lawmakers will also need to deal with other priority issues such as government funding and the Russia sanctions case. Squeezing time to push the (CLARITY Act) will not be easy. In other words, the door for 2026 will very likely close for good.
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Article
Is the Bitcoin bear market nearing its end? Data: whales continue to absorb and accumulate at dips, preparing for the next cycleAmid the ongoing lull in the cryptocurrency market, on-chain data analytics platform CryptoQuant found that large whales have continued to accumulate Bitcoin, Ethereum, and Ripple (XRP) at discounted prices, preparing for the next market cycle.
CryptoQuant pointed out that currently, market activity suggests the bear market may be nearing its end, but a price bottom has not been confirmed yet, and further downside cannot be ruled out.
In a report, CryptoQuant research director Julio Moreno said: “Whether it’s Bitcoin, Ethereum, or Ripple, when the coin price approaches or falls below the realized price, the largest holder group often becomes very proactive in picking up at lower levels. This not only reduces downward pressure on the market, but also fits the characteristics of a late-stage decline in the cycle.”
Is the Bitcoin bear market nearing its end? Data: whales continue to absorb and accumulate at dips, preparing for the next cycle
Amid the ongoing lull in the cryptocurrency market, on-chain data analytics platform CryptoQuant found that large whales have continued to accumulate Bitcoin, Ethereum, and Ripple (XRP) at discounted prices, preparing for the next market cycle.
CryptoQuant pointed out that currently, market activity suggests the bear market may be nearing its end, but a price bottom has not been confirmed yet, and further downside cannot be ruled out.
In a report, CryptoQuant research director Julio Moreno said: “Whether it’s Bitcoin, Ethereum, or Ripple, when the coin price approaches or falls below the realized price, the largest holder group often becomes very proactive in picking up at lower levels. This not only reduces downward pressure on the market, but also fits the characteristics of a late-stage decline in the cycle.”
CryptoQuant pointed out that currently, market activity suggests the bear market may be nearing its end, but a price bottom has not been confirmed yet, and further downside cannot be ruled out.
In a report, CryptoQuant research director Julio Moreno said: “Whether it’s Bitcoin, Ethereum, or Ripple, when the coin price approaches or falls below the realized price, the largest holder group often becomes very proactive in picking up at lower levels. This not only reduces downward pressure on the market, but also fits the characteristics of a late-stage decline in the cycle.”
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Article
S&P Sets New High! Big Short Prototype Still Skeptical: Fears a Repeat of the 1987 Crash, Holding Short Positions in 7 Chip StocksThe real-life inspiration for the Big Short protagonist warns again—there may be a 1987 crash risk
U.S. stocks: The S&P 500 index surged on August 4, reaching its highest closing level in nearly two months. But on the same day, Michael Burry—the real-life inspiration for the movie (big short) star (Michael Burry)—posted a warning, noting that the market is very likely nearing an important peak and that a crash similar to the 1987 “Black Monday” drop of 20% or more is not out of the question.
Burry posted an analysis on the Substack platform. He said that, with market volatility (VIX) continuing to fall and pushing the index to new highs, it will force “volatility-targeting funds” and various quantitative momentum strategies to automatically increase leverage in a pursuit of gains, forming a self-reinforcing bull-market cycle.
S&P Sets New High! Big Short Prototype Still Skeptical: Fears a Repeat of the 1987 Crash, Holding Short Positions in 7 Chip Stocks
The real-life inspiration for the Big Short protagonist warns again—there may be a 1987 crash risk
U.S. stocks: The S&P 500 index surged on August 4, reaching its highest closing level in nearly two months. But on the same day, Michael Burry—the real-life inspiration for the movie (big short) star (Michael Burry)—posted a warning, noting that the market is very likely nearing an important peak and that a crash similar to the 1987 “Black Monday” drop of 20% or more is not out of the question.
Burry posted an analysis on the Substack platform. He said that, with market volatility (VIX) continuing to fall and pushing the index to new highs, it will force “volatility-targeting funds” and various quantitative momentum strategies to automatically increase leverage in a pursuit of gains, forming a self-reinforcing bull-market cycle.
U.S. stocks: The S&P 500 index surged on August 4, reaching its highest closing level in nearly two months. But on the same day, Michael Burry—the real-life inspiration for the movie (big short) star (Michael Burry)—posted a warning, noting that the market is very likely nearing an important peak and that a crash similar to the 1987 “Black Monday” drop of 20% or more is not out of the question.
Burry posted an analysis on the Substack platform. He said that, with market volatility (VIX) continuing to fall and pushing the index to new highs, it will force “volatility-targeting funds” and various quantitative momentum strategies to automatically increase leverage in a pursuit of gains, forming a self-reinforcing bull-market cycle.
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Binance sues RedotPay over crypto card! Accuses founders of luring 470,000 users to switch platforms, seeking US$473 millionHong Kong and Singapore filed lawsuits simultaneously, with the three co-founders named as defendants.
According to a report by (Bloomberg), Binance-affiliated entities have filed a lawsuit in Hong Kong against the three co-founders of stablecoin payment company RedotPay, accusing them of violating a business agreement between the two sides. The complaint alleges that more than 470,000 Binance Card users were directed to the RedotPay platform and seeks approximately US$472.8 million in damages.
Court documents in Hong Kong show that the plaintiffs include Binance-affiliated entities Nest Trading, Distributed Technologies, and Chaintecs Consulting Singapore, while the defendants are RedotPay co-founders Gao Zhangpeng, Chan Wa Choi, and Yao Chao.
Binance sues RedotPay over crypto card! Accuses founders of luring 470,000 users to switch platforms, seeking US$473 million
Hong Kong and Singapore filed lawsuits simultaneously, with the three co-founders named as defendants.
According to a report by (Bloomberg), Binance-affiliated entities have filed a lawsuit in Hong Kong against the three co-founders of stablecoin payment company RedotPay, accusing them of violating a business agreement between the two sides. The complaint alleges that more than 470,000 Binance Card users were directed to the RedotPay platform and seeks approximately US$472.8 million in damages.
Court documents in Hong Kong show that the plaintiffs include Binance-affiliated entities Nest Trading, Distributed Technologies, and Chaintecs Consulting Singapore, while the defendants are RedotPay co-founders Gao Zhangpeng, Chan Wa Choi, and Yao Chao.
According to a report by (Bloomberg), Binance-affiliated entities have filed a lawsuit in Hong Kong against the three co-founders of stablecoin payment company RedotPay, accusing them of violating a business agreement between the two sides. The complaint alleges that more than 470,000 Binance Card users were directed to the RedotPay platform and seeks approximately US$472.8 million in damages.
Court documents in Hong Kong show that the plaintiffs include Binance-affiliated entities Nest Trading, Distributed Technologies, and Chaintecs Consulting Singapore, while the defendants are RedotPay co-founders Gao Zhangpeng, Chan Wa Choi, and Yao Chao.
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Verified
Connecting 100+ countries! Mastercard expands stablecoin testing, streamlining cross-border compliance reviewsPartnering with Borderless to launch a pilot, verifying cross-border stablecoin transaction participants
Payments giant Mastercard announced a new round of pilots with the stablecoin payment network Borderless.xyz to test whether Mastercard Crypto Credential can help cross-border stablecoin payment providers verify the identities of transaction participants, and incorporate the verification results into approval, compliance, and risk management processes.
Mastercard Crypto Credential is an architecture built around shared standards and trusted verification signals, designed to help digital asset providers determine whether counterparties meet specific requirements. This pilot will introduce the relevant signals into Borderless’s payment network to see whether it can reduce trust and compliance frictions among different service providers.
Connecting 100+ countries! Mastercard expands stablecoin testing, streamlining cross-border compliance reviews
Partnering with Borderless to launch a pilot, verifying cross-border stablecoin transaction participants
Payments giant Mastercard announced a new round of pilots with the stablecoin payment network Borderless.xyz to test whether Mastercard Crypto Credential can help cross-border stablecoin payment providers verify the identities of transaction participants, and incorporate the verification results into approval, compliance, and risk management processes.
Mastercard Crypto Credential is an architecture built around shared standards and trusted verification signals, designed to help digital asset providers determine whether counterparties meet specific requirements. This pilot will introduce the relevant signals into Borderless’s payment network to see whether it can reduce trust and compliance frictions among different service providers.
Payments giant Mastercard announced a new round of pilots with the stablecoin payment network Borderless.xyz to test whether Mastercard Crypto Credential can help cross-border stablecoin payment providers verify the identities of transaction participants, and incorporate the verification results into approval, compliance, and risk management processes.
Mastercard Crypto Credential is an architecture built around shared standards and trusted verification signals, designed to help digital asset providers determine whether counterparties meet specific requirements. This pilot will introduce the relevant signals into Borderless’s payment network to see whether it can reduce trust and compliance frictions among different service providers.
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Huawei Scientist Warns: Nvidia Chips Have Reached Physical Limits; the Tau Scaling Law Alternative Route Will Be Proven This YearRecently, Huawei’s chief semiconductor scientist, Liao Heng, said in a public livestream that major Western chip manufacturing giants led by Nvidia, while pursuing more powerful processors, have already approached physical process limits that are difficult to surpass. He also teased that Huawei’s first smartphone chip designed under its in-house Tau Scaling Law framework will be released later this year, at which point the public will be able to witness the real-world effectiveness of this alternative route firsthand.
Huawei: Western chip manufacturing processes face physical bottlenecks
According to a Bloomberg report, during this marathon, four-hour livestream, Liao Heng said that chip foundry makers such as TSMC and Intel, which continue to follow the traditional path of shrinking transistor sizes, are running into physical bottlenecks. Although one of the world’s most important chip companies, Nvidia, is still manufacturing larger chips, integrating billions of transistors, and adding more and more HBM (high-bandwidth memory), the marginal benefits of this approach are rapidly diminishing. Liao Heng believes that once the physical limits are broken, it will trigger an avalanche-like transformation, and the entire industry will have to find new directions for evolution.
Huawei Scientist Warns: Nvidia Chips Have Reached Physical Limits; the Tau Scaling Law Alternative Route Will Be Proven This Year
Recently, Huawei’s chief semiconductor scientist, Liao Heng, said in a public livestream that major Western chip manufacturing giants led by Nvidia, while pursuing more powerful processors, have already approached physical process limits that are difficult to surpass. He also teased that Huawei’s first smartphone chip designed under its in-house Tau Scaling Law framework will be released later this year, at which point the public will be able to witness the real-world effectiveness of this alternative route firsthand.
Huawei: Western chip manufacturing processes face physical bottlenecks
According to a Bloomberg report, during this marathon, four-hour livestream, Liao Heng said that chip foundry makers such as TSMC and Intel, which continue to follow the traditional path of shrinking transistor sizes, are running into physical bottlenecks. Although one of the world’s most important chip companies, Nvidia, is still manufacturing larger chips, integrating billions of transistors, and adding more and more HBM (high-bandwidth memory), the marginal benefits of this approach are rapidly diminishing. Liao Heng believes that once the physical limits are broken, it will trigger an avalanche-like transformation, and the entire industry will have to find new directions for evolution.
Huawei: Western chip manufacturing processes face physical bottlenecks
According to a Bloomberg report, during this marathon, four-hour livestream, Liao Heng said that chip foundry makers such as TSMC and Intel, which continue to follow the traditional path of shrinking transistor sizes, are running into physical bottlenecks. Although one of the world’s most important chip companies, Nvidia, is still manufacturing larger chips, integrating billions of transistors, and adding more and more HBM (high-bandwidth memory), the marginal benefits of this approach are rapidly diminishing. Liao Heng believes that once the physical limits are broken, it will trigger an avalanche-like transformation, and the entire industry will have to find new directions for evolution.
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Afraid quantum will crack Bitcoin! “Wall Street contrarian indicator” announces he’s selling off—community erupts: BTC is about to take off!(CNBC) Financial commentator and famously known as “Madman of Wall Street,” Jim Cramer has once again announced he wants to clear out his Bitcoin holdings. This time, his reason is that he worries that future “quantum computers” may break Bitcoin’s encryption, threatening the security of assets. And this time, it seems he’s determined to fully exit the crypto world.
However, Jim Cramer’s exit announcement sparked celebrations across the cryptocurrency community. Many investors believe this could once again serve as a so-called “Cramer contrarian indicator” signal.
In a last week’s interview with IBM CEO Arvind Krishna, Jim Cramer proactively asked: In the future, would quantum computers be able to crack Bitcoin wallets, or even steal assets held by users? In response, Arvind Krishna said:
Afraid quantum will crack Bitcoin! “Wall Street contrarian indicator” announces he’s selling off—community erupts: BTC is about to take off!
(CNBC) Financial commentator and famously known as “Madman of Wall Street,” Jim Cramer has once again announced he wants to clear out his Bitcoin holdings. This time, his reason is that he worries that future “quantum computers” may break Bitcoin’s encryption, threatening the security of assets. And this time, it seems he’s determined to fully exit the crypto world.
However, Jim Cramer’s exit announcement sparked celebrations across the cryptocurrency community. Many investors believe this could once again serve as a so-called “Cramer contrarian indicator” signal.
In a last week’s interview with IBM CEO Arvind Krishna, Jim Cramer proactively asked: In the future, would quantum computers be able to crack Bitcoin wallets, or even steal assets held by users? In response, Arvind Krishna said:
However, Jim Cramer’s exit announcement sparked celebrations across the cryptocurrency community. Many investors believe this could once again serve as a so-called “Cramer contrarian indicator” signal.
In a last week’s interview with IBM CEO Arvind Krishna, Jim Cramer proactively asked: In the future, would quantum computers be able to crack Bitcoin wallets, or even steal assets held by users? In response, Arvind Krishna said:
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Backed by a16z with $33 million! Blockchain gaming studio Proof of Play announces it is stopping operationsUnable to build a sustainable business model, Proof of Play ends operations
Web3 game studio Proof of Play announces it is shutting down operations, admitting the company was unable to build a product scalable enough for growth and a sustainable business model, and also failed to prove the core idea that blockchain games can drive the decentralised network.
Proof of Play says that when the company was founded, it believed blockchain technology would allow players to truly own in-game assets and keep the game alive even after the original development team left. However, after several years of development and operations, the team ultimately failed to turn this vision into a product with sufficient market demand.
Backed by a16z with $33 million! Blockchain gaming studio Proof of Play announces it is stopping operations
Unable to build a sustainable business model, Proof of Play ends operations
Web3 game studio Proof of Play announces it is shutting down operations, admitting the company was unable to build a product scalable enough for growth and a sustainable business model, and also failed to prove the core idea that blockchain games can drive the decentralised network.
Proof of Play says that when the company was founded, it believed blockchain technology would allow players to truly own in-game assets and keep the game alive even after the original development team left. However, after several years of development and operations, the team ultimately failed to turn this vision into a product with sufficient market demand.
Web3 game studio Proof of Play announces it is shutting down operations, admitting the company was unable to build a product scalable enough for growth and a sustainable business model, and also failed to prove the core idea that blockchain games can drive the decentralised network.
Proof of Play says that when the company was founded, it believed blockchain technology would allow players to truly own in-game assets and keep the game alive even after the original development team left. However, after several years of development and operations, the team ultimately failed to turn this vision into a product with sufficient market demand.
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AI is a memory cash-printing machine! Nanya科’s July revenue surged 719% YoY; Jinghaoke rose 491% YoYDRAM supercycle stays strong. With AI infrastructure demand fully absorbing high-end memory capacity, supply from mature process is getting squeezed. In July, Nanya科 (2408) and Jinghaoke (3006) both saw their combined revenue hit a record high for the month. Analysts expect the third-quarter ASP, gross margin, and profits to still have room for further improvement.
DRAM supercycle not fading! Nanya科’s revenue keeps hitting new highs for nine straight months, while Jinghaoke’s annual growth nearly reaches fivefold.
Commercial Times reports: Nanya科 announced that its July combined revenue was NT$43.868 billion, up 49.27% month-over-month and up 719.61% year-over-year, setting a record for a new monthly high for nine consecutive months. For the first seven months, cumulative combined revenue reached NT$175.504 billion, an annual growth rate of as much as 660.87%.
AI is a memory cash-printing machine! Nanya科’s July revenue surged 719% YoY; Jinghaoke rose 491% YoY
DRAM supercycle stays strong. With AI infrastructure demand fully absorbing high-end memory capacity, supply from mature process is getting squeezed. In July, Nanya科 (2408) and Jinghaoke (3006) both saw their combined revenue hit a record high for the month. Analysts expect the third-quarter ASP, gross margin, and profits to still have room for further improvement.
DRAM supercycle not fading! Nanya科’s revenue keeps hitting new highs for nine straight months, while Jinghaoke’s annual growth nearly reaches fivefold.
Commercial Times reports: Nanya科 announced that its July combined revenue was NT$43.868 billion, up 49.27% month-over-month and up 719.61% year-over-year, setting a record for a new monthly high for nine consecutive months. For the first seven months, cumulative combined revenue reached NT$175.504 billion, an annual growth rate of as much as 660.87%.
DRAM supercycle not fading! Nanya科’s revenue keeps hitting new highs for nine straight months, while Jinghaoke’s annual growth nearly reaches fivefold.
Commercial Times reports: Nanya科 announced that its July combined revenue was NT$43.868 billion, up 49.27% month-over-month and up 719.61% year-over-year, setting a record for a new monthly high for nine consecutive months. For the first seven months, cumulative combined revenue reached NT$175.504 billion, an annual growth rate of as much as 660.87%.
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Visa expands Visa Direct capabilities! Businesses can pre-fund with stablecoins for disbursementsVisa Direct introduces stablecoin functionality, allowing businesses to directly pre-load funds
Payments giant Visa has announced a partnership with crypto infrastructure provider Zero Hash to expand Visa Direct’s stablecoin payment capabilities. Eligible business customers will be able to use stablecoin pre-funded Visa Direct accounts and directly send stablecoins to recipients’ digital wallets.
Zero Hash will provide underlying blockchain technology, asset conversion, transaction monitoring, and compliance support, helping Visa Direct customers connect stablecoin funding flows. Before initiating cross-border payments, businesses can first deposit stablecoins into a designated account as available balances for subsequent disbursements.
Visa expands Visa Direct capabilities! Businesses can pre-fund with stablecoins for disbursements
Visa Direct introduces stablecoin functionality, allowing businesses to directly pre-load funds
Payments giant Visa has announced a partnership with crypto infrastructure provider Zero Hash to expand Visa Direct’s stablecoin payment capabilities. Eligible business customers will be able to use stablecoin pre-funded Visa Direct accounts and directly send stablecoins to recipients’ digital wallets.
Zero Hash will provide underlying blockchain technology, asset conversion, transaction monitoring, and compliance support, helping Visa Direct customers connect stablecoin funding flows. Before initiating cross-border payments, businesses can first deposit stablecoins into a designated account as available balances for subsequent disbursements.
Payments giant Visa has announced a partnership with crypto infrastructure provider Zero Hash to expand Visa Direct’s stablecoin payment capabilities. Eligible business customers will be able to use stablecoin pre-funded Visa Direct accounts and directly send stablecoins to recipients’ digital wallets.
Zero Hash will provide underlying blockchain technology, asset conversion, transaction monitoring, and compliance support, helping Visa Direct customers connect stablecoin funding flows. Before initiating cross-border payments, businesses can first deposit stablecoins into a designated account as available balances for subsequent disbursements.
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Article
SpaceX plunges 13.6%! AI is burning money at full speed, the unlocking wave raises concerns, and Musk’s wealth evaporates by $80 billionSpaceX stock plunges 13.6%—even the surge in revenue isn’t enough
SpaceX (stock code: SPCX) released its first quarterly financial report after going public. Second-quarter revenue reached $7.81 billion (up 92% year over year), while net losses narrowed significantly to $541 million, beating Wall Street analysts’ expectations. However, the impressive revenue performance did not spark a celebratory market reaction.
Yesterday (8/5), the U.S. stock market closed. SpaceX shares plunged and fell 13.6%, closing around $109. During the session, they briefly touched a record low of $104.
Compared with the high point of around $220 that was briefly reached in mid-June, SpaceX’s stock price has already been cut in half just two months after its IPO.
SpaceX plunges 13.6%! AI is burning money at full speed, the unlocking wave raises concerns, and Musk’s wealth evaporates by $80 billion
SpaceX stock plunges 13.6%—even the surge in revenue isn’t enough
SpaceX (stock code: SPCX) released its first quarterly financial report after going public. Second-quarter revenue reached $7.81 billion (up 92% year over year), while net losses narrowed significantly to $541 million, beating Wall Street analysts’ expectations. However, the impressive revenue performance did not spark a celebratory market reaction.
Yesterday (8/5), the U.S. stock market closed. SpaceX shares plunged and fell 13.6%, closing around $109. During the session, they briefly touched a record low of $104.
Compared with the high point of around $220 that was briefly reached in mid-June, SpaceX’s stock price has already been cut in half just two months after its IPO.
SpaceX (stock code: SPCX) released its first quarterly financial report after going public. Second-quarter revenue reached $7.81 billion (up 92% year over year), while net losses narrowed significantly to $541 million, beating Wall Street analysts’ expectations. However, the impressive revenue performance did not spark a celebratory market reaction.
Yesterday (8/5), the U.S. stock market closed. SpaceX shares plunged and fell 13.6%, closing around $109. During the session, they briefly touched a record low of $104.
Compared with the high point of around $220 that was briefly reached in mid-June, SpaceX’s stock price has already been cut in half just two months after its IPO.
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Prediction market Polymarket seeks new funding! Annualized revenue surpasses $1 billion, valuation targeted at $20 billionPrediction markets are set to experience an unprecedented influx of capital. (Bloomberg) On Tuesday, citing insiders, it was reported that prediction market platform Polymarket is seeking a new round of financing, targeting a valuation of up to $20 billion, demonstrating a strong ambition to dominate the prediction market space.
Traditional financial giants have entered the fray, and annualized revenue has surpassed $1 billion
Insiders revealed that Polymarket only just completed a funding round at a valuation of $15 billion in April this year. The round also included a $600 million investment from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). The backing from traditional finance giants has further solidified Polymarket’s market position.
Prediction market Polymarket seeks new funding! Annualized revenue surpasses $1 billion, valuation targeted at $20 billion
Prediction markets are set to experience an unprecedented influx of capital. (Bloomberg) On Tuesday, citing insiders, it was reported that prediction market platform Polymarket is seeking a new round of financing, targeting a valuation of up to $20 billion, demonstrating a strong ambition to dominate the prediction market space.
Traditional financial giants have entered the fray, and annualized revenue has surpassed $1 billion
Insiders revealed that Polymarket only just completed a funding round at a valuation of $15 billion in April this year. The round also included a $600 million investment from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). The backing from traditional finance giants has further solidified Polymarket’s market position.
Traditional financial giants have entered the fray, and annualized revenue has surpassed $1 billion
Insiders revealed that Polymarket only just completed a funding round at a valuation of $15 billion in April this year. The round also included a $600 million investment from Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). The backing from traditional finance giants has further solidified Polymarket’s market position.
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Mastercard Completes Acquisition of BVNK! Accelerates Deployment of Stablecoin Payment Infrastructure, Linking Traditional Finance with Crypto AssetsTraditional payments giant Mastercard continues to expand its footprint in the cryptocurrency finance space. The company announced on Monday that it has officially completed its acquisition of stablecoin infrastructure firm BVNK, strengthening the ability to connect crypto assets with traditional payment networks and further advancing use cases for stablecoins and tokenized assets.
In a statement, Mastercard said it will, in the future, combine BVNK’s technology and expertise to help financial institutions, fintech companies, and enterprises accelerate the expansion of stablecoin and tokenized-asset use cases, including business-to-business (B2B) payments, fund disbursements, transaction settlement, and corporate treasury management.
Mastercard Completes Acquisition of BVNK! Accelerates Deployment of Stablecoin Payment Infrastructure, Linking Traditional Finance with Crypto Assets
Traditional payments giant Mastercard continues to expand its footprint in the cryptocurrency finance space. The company announced on Monday that it has officially completed its acquisition of stablecoin infrastructure firm BVNK, strengthening the ability to connect crypto assets with traditional payment networks and further advancing use cases for stablecoins and tokenized assets.
In a statement, Mastercard said it will, in the future, combine BVNK’s technology and expertise to help financial institutions, fintech companies, and enterprises accelerate the expansion of stablecoin and tokenized-asset use cases, including business-to-business (B2B) payments, fund disbursements, transaction settlement, and corporate treasury management.
In a statement, Mastercard said it will, in the future, combine BVNK’s technology and expertise to help financial institutions, fintech companies, and enterprises accelerate the expansion of stablecoin and tokenized-asset use cases, including business-to-business (B2B) payments, fund disbursements, transaction settlement, and corporate treasury management.
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Open-source AI project ElizaOS announces token death, foundation shuts down! Founder: funds will be used for lawsuitsThe founder declares the token “completely dead,” and the foundation begins winding down operations
Open-source AI agent framework ElizaOS: Founder Shaw Walters announced that the ELIZAOS token has been “completely dead,” and the foundation responsible for supporting the token’s operations will also cease operations. The team will no longer invest funds to buy back tokens, adjust the supply, or support market prices.
Walters said the Eliza Foundation has used its remaining treasury and available funds to reach a settlement with a group of token holders represented by Burwick Law. As a result, the foundation has lost the capital to continue operating and supporting the token, and holders should no longer expect the team to take any market-stabilization measures.
Open-source AI project ElizaOS announces token death, foundation shuts down! Founder: funds will be used for lawsuits
The founder declares the token “completely dead,” and the foundation begins winding down operations
Open-source AI agent framework ElizaOS: Founder Shaw Walters announced that the ELIZAOS token has been “completely dead,” and the foundation responsible for supporting the token’s operations will also cease operations. The team will no longer invest funds to buy back tokens, adjust the supply, or support market prices.
Walters said the Eliza Foundation has used its remaining treasury and available funds to reach a settlement with a group of token holders represented by Burwick Law. As a result, the foundation has lost the capital to continue operating and supporting the token, and holders should no longer expect the team to take any market-stabilization measures.
Open-source AI agent framework ElizaOS: Founder Shaw Walters announced that the ELIZAOS token has been “completely dead,” and the foundation responsible for supporting the token’s operations will also cease operations. The team will no longer invest funds to buy back tokens, adjust the supply, or support market prices.
Walters said the Eliza Foundation has used its remaining treasury and available funds to reach a settlement with a group of token holders represented by Burwick Law. As a result, the foundation has lost the capital to continue operating and supporting the token, and holders should no longer expect the team to take any market-stabilization measures.
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Article
Important AI Music Copyright Precedent! Suno Was Ruled to Infringe in Germany and Must Pay Money; It Was Recently Exposed for Pirated Streaming RecordingsSuno AI loses the case; a German court rules infringement
AI music platform infringed! On July 31, a district court in Munich, Germany ruled that the U.S. AI music platform Suno infringed copyright. It must disclose related illegal income and pay damages; the amount is yet to be calculated, and Suno may appeal.
According to a report by Deutsche Welle, the lawsuit was filed by GEMA in January 2025. It alleged that Suno used copyrighted music to train its AI model without authorization and without providing compensation to composers and lyricists.
The court ruled that Suno simultaneously violated German and U.S. copyright laws. The reason given was that, when training its AI system, Suno used songs from GEMA members and stored and reproduced these works.
Important AI Music Copyright Precedent! Suno Was Ruled to Infringe in Germany and Must Pay Money; It Was Recently Exposed for Pirated Streaming Recordings
Suno AI loses the case; a German court rules infringement
AI music platform infringed! On July 31, a district court in Munich, Germany ruled that the U.S. AI music platform Suno infringed copyright. It must disclose related illegal income and pay damages; the amount is yet to be calculated, and Suno may appeal.
According to a report by Deutsche Welle, the lawsuit was filed by GEMA in January 2025. It alleged that Suno used copyrighted music to train its AI model without authorization and without providing compensation to composers and lyricists.
The court ruled that Suno simultaneously violated German and U.S. copyright laws. The reason given was that, when training its AI system, Suno used songs from GEMA members and stored and reproduced these works.
AI music platform infringed! On July 31, a district court in Munich, Germany ruled that the U.S. AI music platform Suno infringed copyright. It must disclose related illegal income and pay damages; the amount is yet to be calculated, and Suno may appeal.
According to a report by Deutsche Welle, the lawsuit was filed by GEMA in January 2025. It alleged that Suno used copyrighted music to train its AI model without authorization and without providing compensation to composers and lyricists.
The court ruled that Suno simultaneously violated German and U.S. copyright laws. The reason given was that, when training its AI system, Suno used songs from GEMA members and stored and reproduced these works.
39
Article
Don’t believe Claude can be a hacker! BitGo CEO makes a bold bet: I’ve put 100 bitcoins here—come get itBitGo issues a public challenge to Anthropic: put 100 bitcoins on-chain
Recently, top AI developers OpenAI and Anthropic have each had their models escape during sandbox testing and run uncontrolled attacks on other companies’ systems, sparking an uproar in the community.
However, BitGo, the cryptocurrency custody platform (stock ticker: BTGO), CEO Mike Belshe isn’t buying it. Recently, he publicly challenged Anthropic, telling them not to keep playing the game of “we created a hacker monster,” and then released a set of BitGo wallet addresses, inviting Claude to take the 100 bitcoins in the wallet.
Don’t believe Claude can be a hacker! BitGo CEO makes a bold bet: I’ve put 100 bitcoins here—come get it
BitGo issues a public challenge to Anthropic: put 100 bitcoins on-chain
Recently, top AI developers OpenAI and Anthropic have each had their models escape during sandbox testing and run uncontrolled attacks on other companies’ systems, sparking an uproar in the community.
However, BitGo, the cryptocurrency custody platform (stock ticker: BTGO), CEO Mike Belshe isn’t buying it. Recently, he publicly challenged Anthropic, telling them not to keep playing the game of “we created a hacker monster,” and then released a set of BitGo wallet addresses, inviting Claude to take the 100 bitcoins in the wallet.
Recently, top AI developers OpenAI and Anthropic have each had their models escape during sandbox testing and run uncontrolled attacks on other companies’ systems, sparking an uproar in the community.
However, BitGo, the cryptocurrency custody platform (stock ticker: BTGO), CEO Mike Belshe isn’t buying it. Recently, he publicly challenged Anthropic, telling them not to keep playing the game of “we created a hacker monster,” and then released a set of BitGo wallet addresses, inviting Claude to take the 100 bitcoins in the wallet.
158
Recess countdown! Can the Senate pass the CLARITY Act before the August break?The bill is once again left off the agenda; the earliest it could proceed to a procedural vote is Friday
In the final legislative phase before the U.S. Senate enters the August recess, the (CLARITY Act)—one of the bills attracting major attention from the crypto industry—was again not placed on the official agenda for August 4, putting even more pressure on whether the bill can advance before recess.
On the day, the Senate prioritizes continuing government funding resolutions, personnel nominations, and other pending items. Senate Majority Leader John Thune said the market-structure bill still has a chance to be voted on, but it has not yet formally been submitted for a motion to end debate. Under Senate procedures, only after the relevant motion is filed can a vote be scheduled and formal debate begin.
Recess countdown! Can the Senate pass the CLARITY Act before the August break?
The bill is once again left off the agenda; the earliest it could proceed to a procedural vote is Friday
In the final legislative phase before the U.S. Senate enters the August recess, the (CLARITY Act)—one of the bills attracting major attention from the crypto industry—was again not placed on the official agenda for August 4, putting even more pressure on whether the bill can advance before recess.
On the day, the Senate prioritizes continuing government funding resolutions, personnel nominations, and other pending items. Senate Majority Leader John Thune said the market-structure bill still has a chance to be voted on, but it has not yet formally been submitted for a motion to end debate. Under Senate procedures, only after the relevant motion is filed can a vote be scheduled and formal debate begin.
In the final legislative phase before the U.S. Senate enters the August recess, the (CLARITY Act)—one of the bills attracting major attention from the crypto industry—was again not placed on the official agenda for August 4, putting even more pressure on whether the bill can advance before recess.
On the day, the Senate prioritizes continuing government funding resolutions, personnel nominations, and other pending items. Senate Majority Leader John Thune said the market-structure bill still has a chance to be voted on, but it has not yet formally been submitted for a motion to end debate. Under Senate procedures, only after the relevant motion is filed can a vote be scheduled and formal debate begin.
388
Article
Investors buy TRUMP and take a $3.8 billion hit! U.S. lawmakers pressure the SEC: quickly check Trump’s crypto conflict of interestNearly a million wallets lost money, and lawmakers urge the SEC to launch an investigation
U.S. Democratic senators Elizabeth Warren and Richard Blumenthal sent a letter to the Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, urging the regulator to investigate the meme coin related to President Trump: TRUMP ($TRUMP). They asked to confirm whether the issuance and promotion processes involved fraud, improper gain, or violations of securities laws.
Image source: Letter from U.S. Senators Elizabeth Warren and Richard Blumenthal to SEC Chairman Paul Atkins, calling for the regulator to investigate TRUMP coin
Investors buy TRUMP and take a $3.8 billion hit! U.S. lawmakers pressure the SEC: quickly check Trump’s crypto conflict of interest
Nearly a million wallets lost money, and lawmakers urge the SEC to launch an investigation
U.S. Democratic senators Elizabeth Warren and Richard Blumenthal sent a letter to the Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, urging the regulator to investigate the meme coin related to President Trump: TRUMP ($TRUMP). They asked to confirm whether the issuance and promotion processes involved fraud, improper gain, or violations of securities laws.
Image source: Letter from U.S. Senators Elizabeth Warren and Richard Blumenthal to SEC Chairman Paul Atkins, calling for the regulator to investigate TRUMP coin
U.S. Democratic senators Elizabeth Warren and Richard Blumenthal sent a letter to the Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, urging the regulator to investigate the meme coin related to President Trump: TRUMP ($TRUMP). They asked to confirm whether the issuance and promotion processes involved fraud, improper gain, or violations of securities laws.
Image source: Letter from U.S. Senators Elizabeth Warren and Richard Blumenthal to SEC Chairman Paul Atkins, calling for the regulator to investigate TRUMP coin
82
Apple’s bug bounty overwhelmed by AI spam reports! A real $200K vulnerability was not reported for a timeAI-generated “slop” is backfiring on cybersecurity workflows. According to reports from outlets such as TechRadar, Apple’s bug bounty email inbox was flooded with large numbers of AI-generated fake vulnerability reports, preventing a real macOS vulnerability—worth up to $200,000—from being submitted for a time.
Fake reports flood in, and Apple has to set a cap on submissions
The starting point of the problem is the proliferation of low-quality, AI-generated vulnerability reports. These reports often describe “hallucinated” bugs that don’t actually exist, yet they are pushed in large numbers into Apple’s review pipeline. To stop the bleeding, Apple has limited the number of vulnerabilities researchers can submit; once the cap is reached, they must also wait through a 30-day cooling-off period. The outcome, however, caused collateral damage: Italian cybersecurity startup Bynario found a serious macOS vulnerability, but when it tried to report it, it was unable to submit because Apple had already blocked submissions.
Apple’s bug bounty overwhelmed by AI spam reports! A real $200K vulnerability was not reported for a time
AI-generated “slop” is backfiring on cybersecurity workflows. According to reports from outlets such as TechRadar, Apple’s bug bounty email inbox was flooded with large numbers of AI-generated fake vulnerability reports, preventing a real macOS vulnerability—worth up to $200,000—from being submitted for a time.
Fake reports flood in, and Apple has to set a cap on submissions
The starting point of the problem is the proliferation of low-quality, AI-generated vulnerability reports. These reports often describe “hallucinated” bugs that don’t actually exist, yet they are pushed in large numbers into Apple’s review pipeline. To stop the bleeding, Apple has limited the number of vulnerabilities researchers can submit; once the cap is reached, they must also wait through a 30-day cooling-off period. The outcome, however, caused collateral damage: Italian cybersecurity startup Bynario found a serious macOS vulnerability, but when it tried to report it, it was unable to submit because Apple had already blocked submissions.
Fake reports flood in, and Apple has to set a cap on submissions
The starting point of the problem is the proliferation of low-quality, AI-generated vulnerability reports. These reports often describe “hallucinated” bugs that don’t actually exist, yet they are pushed in large numbers into Apple’s review pipeline. To stop the bleeding, Apple has limited the number of vulnerabilities researchers can submit; once the cap is reached, they must also wait through a 30-day cooling-off period. The outcome, however, caused collateral damage: Italian cybersecurity startup Bynario found a serious macOS vulnerability, but when it tried to report it, it was unable to submit because Apple had already blocked submissions.
30
Institutional custody can earn crypto staking rewards! BNY teams up with Galaxy to expand its product lineupBNY, one of the world’s largest custody banks, takes one more step deeper into crypto assets. According to a CoinDesk report, on August 4 BNY announced that it will add staking services to its digital asset custody platform and partner with crypto finance company Galaxy, enabling institutional clients to earn staking rewards without moving assets out of custody. The service is still awaiting regulatory approval.
Galaxy provides staking infrastructure—assets never leave custody
In terms of cooperation and division of labor, Galaxy provides the technical infrastructure for staking and also serves as a design partner for BNY’s expanded blockchain services. For institutional clients, the biggest significance is that “assets don’t need to be moved.” In the past, participating in staking often required moving coins to a third party, creating custody and compliance risks; now, being able to stake directly within a regulated custody framework effectively completes the last mile of institutional participation in proving stake (PoS) rewards.
Institutional custody can earn crypto staking rewards! BNY teams up with Galaxy to expand its product lineup
BNY, one of the world’s largest custody banks, takes one more step deeper into crypto assets. According to a CoinDesk report, on August 4 BNY announced that it will add staking services to its digital asset custody platform and partner with crypto finance company Galaxy, enabling institutional clients to earn staking rewards without moving assets out of custody. The service is still awaiting regulatory approval.
Galaxy provides staking infrastructure—assets never leave custody
In terms of cooperation and division of labor, Galaxy provides the technical infrastructure for staking and also serves as a design partner for BNY’s expanded blockchain services. For institutional clients, the biggest significance is that “assets don’t need to be moved.” In the past, participating in staking often required moving coins to a third party, creating custody and compliance risks; now, being able to stake directly within a regulated custody framework effectively completes the last mile of institutional participation in proving stake (PoS) rewards.
Galaxy provides staking infrastructure—assets never leave custody
In terms of cooperation and division of labor, Galaxy provides the technical infrastructure for staking and also serves as a design partner for BNY’s expanded blockchain services. For institutional clients, the biggest significance is that “assets don’t need to be moved.” In the past, participating in staking often required moving coins to a third party, creating custody and compliance risks; now, being able to stake directly within a regulated custody framework effectively completes the last mile of institutional participation in proving stake (PoS) rewards.
16
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#usjulyjobsunexpectedlyfall — The Labor Market Just Gave the Fed a Curveball
U.S. employers shed 23,000 jobs in July — the first monthly decline since February — versus +80K expected. And the revision knife cut deeper: May and June were revised down by a combined 103,000 jobs . Economists called it a "massive surprise."
🔍 What's underneath the surface
Unemployment fell to 4.1% (from 4.2%) — but for the wrong reason: labor force participation kept sliding (61.4%), meaning fewer people are even looking for work. It's the lowest jobless rate in two years, yet it's a "soft" print, per Fed mouthpiece Nick Timiraos.
The breakdown matters: private sector actually added +30K jobs; the entire net decline came from government (-53K, mostly local education seasonal noise). So this is cooling, not collapse (Viral Patel's breakdown — personal take, for reference only).Wages +3.2% y/y — still sticky enough to keep inflation fears alive.
💥 Market reaction — risk-on, not risk-off
This is the interesting part: bad jobs = good markets (rate-hike hopes fade).
💥Bitcoin ($BTC ) climbed back above $65K
💥Nasdaq futures +0.79% , S&P +0.39%, Dow +0.27%
💥10Y Treasury yield down to 4.627% ; DXY slipped to 99.67 ; gold ($XAU ) spiked ~$40 to $4,351
💥September hike odds collapsed from 57% → 44%
⏭️ The real pivot: CPI on Aug 12
Timiraos' read: this report is "hard to decipher" — it reduces the urgency for a September hike, but inflation is now the key variable . One moderate CPI print and the Fed can comfortably hold; a hot one and the "no hike" trade unwinds fast.
Bottom line for traders: cooling labor + falling rates expectations = tailwind for risk assets (BTC, gold, tech). But the whole narrative hinges on next week's CPI — stay nimble.
Informational purposes only — not financial advice.
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