News linked to this event type.
According to CoinDesk, Bitcoin's 30-day implied volatility has fallen to the 36% long-term support bottom, with prices trading in a narrow range below $65,000. Adam Haeems, Head of Asset Management at Tesseract Group, warned that in a low-volatility environment, declining trading costs actually attract traders to establish large-scale directional bets and hedge positions. Once the market breaks through key levels, market makers' passive hedging will accelerate price volatility, leading to a mean-reverting rebound in volatility. Regarding market sentiment, Paul Howard, Senior Director at Wincent, pointed out that current demand for put options has significantly weakened, but call option buying is also absent—Glassnode describes this as "no one is paying for upside, and no one is paying for downside," believing this is typically a signal that the market is approaching a cycle bottom. The divergence in price trends between DOGE and BTC also confirms the continued absence of speculative sentiment. Howard stated that the next significant catalyst could be institutional ETF fund inflows driven by positive regulatory developments such as the Clarity Act, while a breakdown in Strait of Hormuz negotiations and inflation shocks constitute major downside risks.
According to CoinDesk, the S&P 500 index has risen 3.12% this month, adding approximately $2.1 trillion in market value (equivalent to the total market cap of the entire crypto market), reaching a record high total market cap of $70.5 trillion, but Bitcoin has only risen about 2% this month, hovering near $64,600. Analysts point out that this round of stock market rise is mainly driven by AI and semiconductor individual stock narratives, rather than a broad-based recovery in risk appetite at the macro level, and Bitcoin lacks direct beneficial exposure to this. Meanwhile, the crypto market also faces multiple internal pressures: the Coldcard platform suffered a $120 million exploit, the prospects of the "Clarity Act" remain uncertain, MicroStrategy has reduced its BTC holdings for three consecutive months, and stablecoin supply continues to shrink—USDT's market cap dropped from $190 billion in April to $183 billion, and USDC's dropped from $79.5 billion to $72 billion.
Odaily News: CryptoQuant analyst Darkfost posted on platform X, stating that the cumulative trading volume of the Trump family-linked stablecoin USD1 on Binance has surpassed $50 billion. Data shows that since its launch over a year ago, USD1 has experienced rapid growth in trading scale. The stablecoin was launched by World Liberty Financial in March 2025, a project co-founded with the participation of the Trump family. USD1 is primarily backed by U.S. dollars and short-term U.S. Treasury assets, and adopts an institutional-oriented compliance framework. Currently, the market cap of USD1 has exceeded $4 billion.
Odaily News: Summer Mersinger, CEO of the Blockchain Association and former Commissioner of the U.S. Commodity Futures Trading Commission (CFTC), stated that the Clarity Act prohibits payments made solely for holding stablecoins, as well as programs that are economically or functionally equivalent to interest on bank deposits, with penalties attached to such attempts in the text. She noted that an August 4 editorial on the Clarity Act acknowledged that the bill would end the regulatory gray area left by the previous administration, provide investors and banks with rules that future governments cannot arbitrarily overturn, and open pathways for innovations such as tokenized stocks and bonds.
Bitget recently signed a cooperation agreement with the Gelephu Mindfulness City Authority (GMCA) of Bhutan. Under the framework of the agreement, Bitget will establish a legal entity in Gelephu Mindfulness City (GMC) and prepare applications for relevant financial services licenses under the regulatory framework of the Gelephu Financial Services Office (GFSO), while collaborating with GMCA on workflows involving operations, regulation, and ecosystem development. According to the plan, Bitget will also gradually establish offices locally and conduct local recruitment to support local talent development and long-term development. As a special administrative region in southern Bhutan, GMC is being developed into a next-generation international financial and innovation hub, with its virtual asset regime governed by the Financial Services Act 2025. Jigdrel Singay, Director of the Gelephu Mindfulness City Board, noted that introducing partners such as Bitget helps bring global expertise while promoting the development of local capabilities and the broader financial ecosystem.
According to CNBC reports, U.S. Representative from California Ro Khanna plans to propose a "Data Center Bill of Rights" resolution, centered on granting local communities the right to reject data center construction. The resolution proposal includes: prohibiting data center construction within 2,500 feet of residences, schools, daycare centers, hospitals, and nursing homes; ensuring communities can veto relevant construction applications through a transparent process; allowing states to pause new data center approvals before issuing policies to protect residents' electricity bills and water resources; and requiring data centers to use clean energy and comply with pollution emission standards.
According to Cryptopolitan, the U.S. Senate is scheduled to enter recess on August 7, leaving an extremely limited window for the CLARITY Act to pass before then. If voting is not completed this week, the next feasible window will be delayed until September, and if missed again, it could be postponed until after the midterm elections, meaning enactment may not occur until 2027. The main disagreement over the bill currently lies in the Democrats' insistence on adding crypto ethics clauses for senior government officials, but the consolidated draft has not yet incorporated relevant provisions. During the regulatory vacuum, large institutions such as Coinbase and Circle are better equipped to adapt to the uncertain environment due to their capital strength—ARK Invest increased its holdings in both companies this week, and Circle was approved for a federal national trust bank charter in July—while small and medium-sized crypto enterprises and DeFi projects continue to face pressure. In terms of the market, Polymarket data shows that the probability of the CLARITY Act passing within 2026 has dropped to 23%, a significant decline from Galaxy Research's prediction of 67%–75% in mid-May.
According to HK01, the Hong Kong Police updated information on the virtual currency "Fun Coffee" fraud case, disclosing that as of August 5, a total of 255 related reports had been received, an increase of 30 cases from earlier. The total involved losses have increased to approximately HK$104 million. In addition, the Macau Judicial Police arrested two women involving 9 cases worth about MOP 3.6 million. Regarding some TVB artists having previously hosted activities related to the Fun Coffee fraud case, the Hong Kong Police stated that they will definitely contact victims and relevant individuals during the investigation to determine the masterminds of the fraud and the roles played.
: U.S. Federal District Judge Robert J. Shelby ruled that the Commodity Exchange Act does not prevent Utah from applying its anti-gambling laws to Kalshi's sports event contracts, granting Utah's motion for summary judgment and denying Kalshi's motion for a preliminary injunction. Shelby stated that the jurisdictional provisions of the Commodity Exchange Act are subject to multiple reasonable interpretations, and in such cases, courts generally do not support federal law preemption. He also rejected Kalshi's argument that amendments under the Dodd-Frank Act established federal preemption for derivatives trading. Kalshi spokesperson Jacki McGavick said the company disagrees with the ruling and will appeal to the Tenth Circuit Court of Appeals. Currently, Utah users can still use sports event contracts, and the state has not yet initiated enforcement action. The New York Attorney General has already cited the ruling as supplementary grounds in opposing the CFTC's motion for a preliminary injunction against New York state. Earlier, New York sued Kalshi last week, alleging that it operates as an unlicensed gambling operator.
The U.S. Securities and Exchange Commission announced the establishment of a new "Financial Reporting and Accounting Unit" within the Division of Enforcement to strengthen investigations and enforcement regarding financial reporting fraud, accounting violations, and audit misconduct. The unit will be composed of attorneys and accountants with expertise in financial reporting, accounting, and auditing, and will be led by Timothy Zimmerman.
According to the Financial Times, impersonation scams targeting crypto users have increased after the transition period of the EU Markets in Crypto-Assets Regulation (MiCA) ended on July 1. Scammers impersonate staff from the European Securities and Markets Authority (ESMA), the French Financial Markets Authority (AMF), or exchanges, using the pretext that platforms are unlicensed or assets require urgent migration to induce users to transfer assets to fake websites or wallets.
According to Globenewswire, Grayscale Investments announced on August 5 that it has completed the Q2 2026 review and rebalancing of its multi-asset funds, involving three products: the Grayscale Decentralized Finance Fund, the Grayscale Smart Contract Fund, and the Grayscale Decentralized Artificial Intelligence Fund, and disclosed the latest constituent assets and weights as of August 3, 2026.
According to reports from the Procuratorial Daily, an employee of a Shenzhen enterprise, under pressure from over 400,000 yuan in online loans, stole the company's core R&D data and disguised himself as an overseas hacker to demand a ransom of 0.88 Bitcoin and 90,000 USDT from the enterprise, and was ultimately sentenced to three years and three months for attempted extortion and fined 10,000 yuan.
Odaily News: The U.S. Senate has not yet indicated whether it will take up the Digital Asset Market Clarity Act. With only two session days remaining before the summer recess, the Senate has also made no official statement on whether or when a vote on the bill will take place. The Senate could address the bill after returning to Washington in September, but limited working days remain before the final stretch of the 2026 midterm elections. The Senate may also extend the session, originally scheduled to end on August 7, to make room for a procedural vote on the Clarity Act.
According to Cointelegraph, U.S. Senator Cynthia Lummis stated that the Senate is expected to vote on the Digital Asset Market Clarity Act before the August recess. The bill previously passed the House of Representatives in July 2025, but currently still faces resistance in the Senate, including Democrats' demand to strengthen ethics provisions involving President Donald Trump's digital asset investments, as well as concerns from some Republican lawmakers and the banking sector regarding the relevant provisions.
Odaily News The U.S. Department of the Treasury released a joint statement on August 4, outlining discussions from the U.S.-UK Financial Regulatory Working Group meeting held in London on July 8. Regulators from both countries expanded collaboration in areas including digital assets, stablecoins, payment modernization, AI, financial stability, capital markets, and cross-border financial cooperation. Participants included finance ministries from both countries, the Bank of England, the Federal Reserve, the UK Financial Conduct Authority, and multiple U.S. financial regulatory agencies. The U.S. side provided updates on the implementation progress of the GENIUS Act for stablecoins and digital asset market structure, while the UK side presented its digital strategy for wholesale financial markets. Both sides support comparable regulatory standards for stablecoins, including cross-border usage, comparable treatment of similar risks, and requirements that stablecoins used as money be backed at least one-to-one by high-quality liquid asset reserves. The U.S. Federal Deposit Insurance Corporation has proposed implementation standards for the GENIUS Act, covering reserves, redemption, capital, liquidity, risk management, custody, and safekeeping. The Bank of England has published draft rules for stablecoins that could reach systemic scale in the UK economy, including a temporary issuance cap of £40 billion per systemic stablecoin, unrestricted use by individuals and businesses, and reserve requirements. The Financial Regulatory Working Group is expected to convene again in early 2027.
Odaily Odaily News: Bitcoin Red Team, a bitcoin security organization composed of 16 volunteers, stated that it identified nearly 5,000 potential issues during a rapid AI-assisted review of bitcoin ecosystem projects. The organization's members include AnchorWatch CEO Rob Hamilton and bitcoin developer Calle, among others. Calle stated that Bitcoin Red Team used AI tools combined with manual review to scan for vulnerabilities in open-source code repositories related to bitcoin, discovering an average of approximately 1 critical vulnerability per person per hour. Calle disclosed that within 29.8 hours of launch, the team had identified 4,962 potential issues across 390 projects, of which as many as 720 were classified as high-risk or critical. Currently, 21.4% of the findings have been reproduced. The security review initiative was launched just days after the Coldcard hardware wallet vulnerability incident, in which stolen bitcoin exceeded $100 million in value.
Odaily News: Nate Geraci, President of ETF Store, said in a post on X that the progress of the CLARITY Act highlights that the crypto industry needs to invest more effort in education.Nate Geraci noted that many politicians, key players in traditional finance, and mainstream financial media still do not truly understand the logic of the crypto industry's development.He stated that some may not understand crypto technology, while others may feel competitive pressure from it, but regardless of the reason, strengthening industry education will help improve the situation and foster a more accurate understanding in the market.
Sapiom 宣布完成 3500 万美元 A 轮融资，由 Dragonfly 领投，公司累计融资总额达到 5000 万美元。同时，Sapiom 对外发布其面向 AI 智能体 的生产基础设施，核心定位是在智能体执行操作时，实时决定其可调用的模型、工具、算力与支付行为，并对成本、权限、延迟、可靠性及合规要求进行控制。
Odaily News: U.S. Senate Digital Assets Subcommittee Chair Cynthia Lummis stated that the Senate will hold a vote on the CLARITY Act before lawmakers begin their August recess. The bill aims to divide federal crypto regulatory responsibilities and covers ethics, enforcement, consumer protection, and market certainty. Lummis said negotiations around the bill have been ongoing for 11 months, with Democrats proposing more than 300 pages of amendments. Current negotiations still involve sections related to the Commodity Futures Trading Commission (CFTC), enforcement provisions, and ethics rules for senior federal officials. On August 5, Democratic staff on the Senate Banking Committee listed five unresolved areas, including securities protection, illicit finance, national security, and presidential conflicts of interest. Donald Trump has received a bipartisan counter-proposal that would allow state attorneys general to enforce federal crypto ethics rules. Under the CLARITY Act, the CFTC and the U.S. Securities and Exchange Commission (SEC) would share regulatory oversight, establishing distinct pathways for qualifying digital commodities and securities. CFTC Chairman Michael S. Selig and SEC Chairman Paul Atkins both support advancing clearer digital asset regulatory legislation.