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…
Key Takeaways AMRO economists argue pricing AI compute and infrastructure in dollars could trigger a new dollar loop. Dollar-pegged stablecoins could become the default programmable money for automated AI agent payments. Asian nations are urged to develop local digital currencies and data centers to limit dollar reliance. AMRO Economists Argue American AI Dominance Might Cement…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. For decades, dealing with government agencies in the Philippines meant taking a day off work, filling out identical paper forms, and standing in long queues under humid tents just to prove who you are, over…
Key Takeaways Aave plans to exit six chains and remove 71 markets covering $98.1M in deposits. Aave’s $14.5B scale shows DeFi is prioritizing revenue over low-use expansion. Aave will shift resources to larger markets and securities finance after six network exits. Aave Plans 50 Asset Removals as Multichain Costs Rise Aave is pruning its sprawling…
