Hyperliquid policy group urges SEC and CFTC to align perpetual rules
The Hyperliquid Policy Center urged the SEC and CFTC to adopt harmonized rules for perpetual contracts. The group said classification should depend on economic structure rather than the referenced asset. The center said Hyperliquid's HIP-3 markets generated more than $480 billion in trading volume and held about $4 billion in open interest.
The Crypto Council for Innovation and Blockchain Association sued Illinois officials over the state's 0.2% cryptocurrency tax. Illinois expects to enforce the tax starting in January 2027. The groups argue that the tax violates constitutional and due process protections.
Paul Pelosi bought Bloom Energy shares and call options in a stock that analysts see having about 38% upside. A Periodic Transaction Report filed with the House Clerk revealed the trades. Bloom Energy shares rose 26.49% on July 30 after the purchases.
The analysis favors Amazon over SpaceX for steadier cash flow, with Amazon valued at about $2.4 trillion. SpaceX offers higher projected upside but carries greater volatility and launch-related risks.
Riot secures $9.1 billion data-center lease tied to Anthropic
Riot Platforms secured a 20-year data-center lease estimated to generate about $9.1 billion. Reports identified the customer as Anthropic, which Riot has not publicly named. Riot obtained access to up to $573 million in interim financing for the project. The facility matures on Dec. 31, 2026, before the first capacity is scheduled to come online.
Stand With Crypto backs 32 House candidates for midterms
Stand With Crypto said it is backing 32 House candidates it views as pro-crypto in the upcoming midterm elections. The group will announce its Senate candidates closer to Election Day. Stand With Crypto and the wider crypto industry spent millions of dollars through super PACs during the 2024 elections.
Bitmine bought another 32,447 ETH worth roughly $81 million toward its goal of owning 5% of Ethereum's supply. Bitmine said Monday that it held 5,847,611 ETH worth around $15 billion as of August 23. The company was about 187,000 ETH short of its target.
Strive acquired 1,110 bitcoin for approximately $81.5 million between Aug. 17 and Aug. 21. The purchase lifted Strive's holdings to 21,356 BTC from 20,246 BTC. Strive paid an average of $73,409 per coin, including fees and expenses.
MPC wallets distribute signing authority to reduce single-key risks
MPC wallets distribute signing authority across multiple key shares instead of relying on one private key. A common 2-of-3 design requires two authorized participants to approve a transaction. The article cites a Coldcard seed-generation weakness that caused losses of up to $130 million.
Bitmine purchased 32,447 ETH last week and raised its holdings to 5,847,611 ETH. The holdings represent roughly 4.8% of Ethereum's circulating supply. Bitmine is 97% of the way toward its goal of owning 5% of the ETH supply. The company has staked 5.07 million ETH.
Strategy established a $1.59 billion cash reserve that may fund Bitcoin purchases and stock buybacks. The company increased its typical cash buffer to $5.1 billion. Strategy has not bought Bitcoin since June.
Zcash rose about 62% over the past week to $880 as holders prepared to vote on issuance and block-speed changes. ZEC later traded near $830 after retracing from its rally high. Voting is scheduled to run from Aug. 25 to Sept. 14.
Bitcoin gains draw new buyers into crypto, Fed experiment finds
A Federal Reserve Bank of Cleveland experiment found that showing participants Bitcoin's past performance made them 2.5 percentage points more likely to own crypto later. Participants who saw Bitcoin's exact 12-month return raised their expected one-year crypto return by 3.2 percentage points. The working paper found the strongest response among people with limited crypto knowledge.
Zondacrypto head faces fraud charge over $650 million losses
Przemysław Kral reportedly faces an alleged fraud charge as Zondacrypto customer losses reach at least $650 million. Kral is cooperating with Polish prosecutors and seeks a reduced sentence in exchange for testimony. The testimony could include details about Zondacrypto funding right-wing politicians.
Bitmine bought another 32,447 ETH, bringing its holdings to 5,847,611 ETH. Bitmine reported total crypto, cash, marketable securities, and other investments of $14.9 billion on Monday. Tom Lee said ETH gained 30% in the past week and called the upside move overdue.
Bitget CEO Gracy Chen targets about $50,000 for her next Bitcoin purchase. Chen said Bitcoin’s rally to $79,000 does not prove that the bear market has ended. She said the purchase could come later in 2026 or early next year.
BitMart explores restructuring before resolving customer withdrawals
BitMart is exploring a restructuring that could restart some services. Customers continue to report delayed or unresolved withdrawals. The proposal could include phased service resumption and creditor distributions, subject to legal, financial, operational and regulatory reviews. BitMart expects to provide another update by Sept. 9.
BitMart is exploring a potential restructuring plan after announcing plans to cease operations. The plan may include a phased resumption of certain operations and distributions to creditors. BitMart will release a roadmap no later than September 9, 2026.
Wall Street expects Nvidia to report adjusted second-quarter earnings of $2.09 per share on $92 billion in revenue. Nvidia will release its fiscal second-quarter 2027 results on Thursday, August 27, 2026.
Warsh gives first Jackson Hole keynote as Bitcoin assesses 2022 risk
Kevin Warsh will give his first keynote as Federal Reserve chair at Jackson Hole on Friday. Bitcoin's median reaction to Fed chair keynote days since 2018 has been a 1% gain. Bitcoin fell 6% during Jerome Powell's 2022 speech and remained 9% below its pre-speech level two days later.