Research
Analysis
Tesla books $112 million crypto paper loss as digital assets fall to $674 million
The Q2 mark cut GAAP earnings by $87 million after tax, while Tesla added the full pretax loss back to adjusted EBITDA.
Community
BitMEX shutdown gives traders 2 months to withdraw, but active positions face an earlier deadline
Reduce-only trading begins Aug. 26, with forced closes possible before exchange services end Sept. 23.
Quantum
Galaxy puts $5 million behind Bitcoin’s race to migrate before quantum risk arrives
Bitcoin is safe today, but signatures, software, custodians and users would need years to coordinate a defense.
Bankruptcy
MVMT Labs bankruptcy lists under $1 million in assets after $38M raise
MVMT Labs is the sole named debtor, while Move Industries says it is uninvolved and key asset boundaries remain unresolved.
Crime
US targets $26.4 million in five crypto scam cases as DOJ says $800 million recovered
Five civil-forfeiture filings show how authorities can restrain crypto before suspects are identified, while victim repayment remains a separate and unresolved process.
Bankruptcy
Celsius founders face permanent crypto bans that could cost more than their $16.5M obligations
Together, the court-entered orders restrict marketing across deposit, exchange, investment, withdrawal and trading products, including assisted activity.
AI
OpenAI’s model breach is not the singularity, but dismissing it as hype is dangerous
A real model-driven compromise is being squeezed between singularity rhetoric and claims of marketing hype, making it harder to recognize what the incident actually proves.
Regulation
Senator Lummis says with CLARITY “your crypto stays yours” – but bankruptcy shields have limits
Section 701 would place qualifying assets held for customers in Chapter 7 customer-property rules, while classification and title-transfer clauses still matter.
Digital Asset Treasuries
BitMine gets 98% of revenue from staking as a decade-long contract complicates an early exit
Ethereum Tower can keep its 2% interest and may elect continuing fees or a formula-based payment after a covered termination.
People
Winklevoss twins gave Trump’s super PAC $10 million 23 days after CFTC joined Gemini relief bid
Matching FEC rows name Gemini because it liquidated the same bitcoin, not because the exchange donated another $10 million.
Mining
380 investors face Bitcoin mining losses after alleged $22M US scheme put just 13% into mining
More than 380 investors supplied the funds, while court approval, penalties and any recovery remain unresolved.
Digital Asset Treasuries
Jack Mallers leaves Twenty One as Strike tie-up ends and Bitcoin treasury pressure builds
Raphael Zagury inherits a large Bitcoin balance sheet and a mandate to prove it can support a durable business.