Key Takeaways Coldcard-linked thefts drained bitcoin from hundreds of wallets on July 30. Coinkite says Mk3 seeds had about 40 bits of entropy instead of 128. Coldcard users must install fixed firmware and create new seeds before moving funds. According to a deep analysis from Galaxy Research, the core theft unfolded in a tightly coordinated…
Key Takeaways Strategy and Michael Saylor publicly endorsed the CLARITY Act. The Senate proposal divides crypto oversight between two regulators. The measure gained backing as institutional interest in crypto grows. Strategy and Saylor Join the CLARITY Act Campaign Strategy Inc. (Nasdaq: MSTR) announced its support for the Digital Asset Market Clarity Act on July 31,…
Key Takeaways Stand With Crypto reports one million contacts supporting the bill. Officials warn the proposal could weaken safeguards and oversight. The widening dispute threatens action before the August recess. Million-Contact Campaign Intensifies Senate Pressure Stand With Crypto, a nonprofit crypto advocacy organization that mobilizes digital asset owners around legislation and elections, announced July 31…
Key Takeaways Bitcoin fell nearly $3,000 on July 31, dropping to $62,369 after failing to hold $65,000. The crash wiped out $360 million in crypto bets, reducing Bitcoin’s monthly gains to 4.5%. Senate delays dropped the 2026 passage odds for Senator Lummis’s CLARITY Act to 30%. Federal Reserve Momentum Fades Bitcoin tumbled on the last…
Key Takeaways Circle secured an NYDFS trust charter, enabling it to issue state-approved stablecoins and offer custody. The NYDFS license validates Circle’s compliance standards, securely positioning USDC in the global market. This state approval follows federal OCC clearance, placing Circle under strict transparency and oversight. Circle Receives Limited Purpose Trust Charter From NYDFS Circle, a…
Key Takeaways New York sued Kalshi for running an unlicensed gambling operation disguised as a prediction market. The state alleges Kalshi bypasses taxes and illegally permits betting by users under 21 years old. New York seeks a ban on Kalshi, customer restitution, and fines, escalating a regulatory turf war. New York Alleges Kalshi Violated State…
Key Takeaways Coinbase’s crypto trading volume market share hit a record 10.3% in Q2 2026, up from 9.1%. Coinbase posted a $359 million net loss as total revenue fell 14% to $1.2 billion. Subscription and services revenue hit a record $555 million, or 48% of Coinbase’s net revenue. Market Share Climbs for a Third Straight…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. If you were hoping that central bank regulations would force e-wallets to drop transfer fees to zero, you will need to adjust your expectations. The Bangko Sentral ng Pilipinas (BSP) clarified that its regulatory framework,…
Key Takeaways Lummis said U.S. crypto rules are “not working,” urging a Senate vote on CLARITY before August 8. Prediction markets put 2026 passage odds near 30%, down sharply from over 80% in February. The Senate needs 60 votes; Republicans hold 53, requiring at least seven Democrats to cross over. A Blunt Assessment From the…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. For many crypto users, high decentralized finance (DeFi) yields sound great on paper, but actually getting them is a headache. Navigating cross-chain bridges, setting up Web3 wallets, approving complex smart contract transactions, and managing gas…
