Musk officially announced “Terafab Texas” and claims it will be the largest and highest-value building on Earth to date. And it will be breathtakingly beautiful.
1、(CLARITY Act) Today it has not been added to the U.S. Senate agenda, and the probability of being signed into law within the year has fallen to 16%. Senator Warren said she supports crypto regulatory legislation but opposes the CLARITY Act.
2、Michael Saylor claims his goal is to become the company with the highest global market value, but within a week he reduced his holdings of Bitcoin three times, selling a total of nearly 3,000 BTC.
Data shows that last week, the related addresses sold about 1,638 BTC, worth approximately $102.4 million; then again sold about 299.84 BTC, worth about $18.91 million; and today sold about 1,030 BTC, worth about $66.14 million. At present, they still hold about 842,138 BTC, worth about $52.65 billion.
3, Encryption shutdown wave enters the “Deep Bear” phase: more than 60 well-known projects exit within the year, and the bear-market purge accelerates
BlockBeats message: On August 5, as time moves into the second half of the bear market, the crypto market has gone through a clearly visible industry clearing. Today, ElizaOS (formerly ai16z) founder Shaw Walters announced that the ai16z/ElizaOS token has “completely died,” and the relevant foundation will gradually terminate operations. This comes after the shutdown of more than 60 well-known crypto projects in the first half of the year, and is another landmark exit event.
The main reasons are concentrated in three points: business models can’t generate sustainable revenue (even if some projects once had high monthly active users or trading volume), declining enthusiasm in the sector leads to users and capital flowing out, and hacker attacks directly sever the funding chain. Many projects previously raised millions to tens of millions of dollars, but after a market pullback they struggled to demonstrate product-market fit. Unlike the 2022 leveraged domino failures, this round is more of an “orderly starvation”—a managed or forced exit after funds run out.
4, Arthur Hayes: AI is a real-estate bubble. After it bursts, it will push Bitcoin to a million dollars
5, Samsung, Visa, and Mastercard have already rolled out stablecoin payments
6, Putin signs Russia’s first comprehensive cryptocurrency law, establishing exchange licensing rules. It sets an annual purchase limit for retail crypto at about $3,700, while maintaining a ban on cryptocurrencies as a method of payment.
7, Bezos cuts his Amazon holdings for the first time this year, cashing out nearly $350 million
8, Storage concepts such as SanDisk and Western Digital report results that beat expectations, but after-hours share prices all fall
9, China imposes sanctions on six U.S. entities, strengthening drone export controls in response to recent U.S. trade restriction measures.
10, Unitree Technology is set to apply for its IPO order on August 10, with expected profits of nearly 200,000 yuan
11, SpaceX’s big rocket rises more than 5%, hitting a new intraday high