Category: crypto

Bitwise CIO Matt Hougan predicts that the crypto industry will continue to grow even if the CLARITY Act doesn’t advance before the Senate recess. The bill faces uncertain prospects, with no cloture motion scheduled, but SEC rulemaking could sustain crypto growth. Democratic senators are seeking additional provisions before passage.

Proof of Play will close after failing to build a scalable, sustainable Web3 gaming business. Pirate Nation code, contracts, and artwork have been preserved in public repositories. The Pirate Nation Foundation will continue supporting the PIRATE token. Shiba Story Go has been acquired by a third party and will operate independently.

A wallet linked to Strategy transferred 1,030 Bitcoin worth $66.14 million on Aug. 5. No official sale has been confirmed yet. Strategy previously sold 1,638 Bitcoin for $104.73 million and holds 842,138 Bitcoin. MARA transferred 6,000 Bitcoin to Two Prime, possibly for asset management. Confirmation of sales requires company disclosures.

Cloudflare has launched the first stage of its programmable wallet rollout, allowing users to claim unique wallet handles for future stablecoin payments by AI agents. The wallets will have spending controls, two types (Account and Virtual), and will be linked to x402 for online purchases. Funding and payment features are forthcoming.

Senators are advocating for state and tribal control over sports betting and prediction markets by pushing for changes to the Clarity Act. The debate centers around whether these markets should be regulated by federal or local laws. Meanwhile, platforms have seen a surge in trading volume despite the ongoing regulatory dispute.

A survey found that nearly 69% of Russians see no practical use cases for cryptocurrencies even after legalization. Most respondents lacked knowledge about cryptocurrencies and preferred honest information over profit promises. The new law in Russia does not allow crypto payments for goods and services, focusing more on investment and international transactions.

Crypto-backed PACs have helped pro-crypto candidates win party nominations in Michigan and Washington. Fairshake affiliates spent hundreds of thousands of dollars supporting candidates from both parties. These victories add to a trend of crypto industry funding influencing the 2026 election cycle. Fairshake has a large election fund and supports candidates favorable toward digital asset policy.…

Upbit, a South Korean crypto exchange, announced that it will list Grvt’s GRVT token against the Korean won, Bitcoin, and Tether. The trading is scheduled to begin at 17:00 Korea Standard Time. Upbit will support Ethereum deposits only and trading will initially only be available for limit orders for two hours.

Robinhood is raising up to $200 million for a new venture fund focused on seed-stage startups, introducing management and performance fees. The fund will mainly invest in companies linked to Y Combinator. The launch expands Robinhood’s reach beyond public markets and crypto trading. The company also continues to expand its investment products and prediction markets…

Japan has established a new Cryptocurrency and Stablecoin Division within its Financial Services Agency to enhance oversight of digital assets. The department will focus on crypto supervision, innovation, and digital payment planning. This restructuring follows recent regulatory changes that reclassified cryptocurrencies as financial instruments, strengthening Japan’s crypto regulatory framework.