Governance
Digital Asset Treasuries
BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury
The settlement changes nearly 2 million warrants while filings name no successor CIO or asset manager.
Market
Three key demand drivers stall at once, leaving Bitcoin’s $64,000 support to long-term holders
ETF outflows, softer perpetual buying and stagnant on-chain capital leave long-term holders carrying the immediate support test.
Digital Asset Treasuries
“There’s no free money forever”: Twenty One Capital’s new CEO warns the Bitcoin treasury playbook is dying
Raphael Zagury says mining and other cash-generating businesses could deliver better risk-adjusted returns measured in Bitcoin.
TradFi
Goldman Sachs notes tied to Strategy set to pay just 22 cents on the dollar at maturity
MSTR’s July 24 close indicates a $217 return per $1,000 note, pending GS&Co.’s final calculation.
Digital Asset Treasuries
Hyperscale Data sits on $71 million in Bitcoin with a $56 million market cap – Here is why its not a bargain
Historical liabilities, preferred claims, restricted crypto and prospective dilution stand between the gross asset value and common holders.
Mining
Core Scientific lost 56% on Bitcoin mining but $80M in profit from its pivot to AI hosting
The Q2 split favored colocation, although management did not say conversion had become compulsory.
Digital Asset Treasuries
One Bitcoin treasury just hit 20,000 BTC, but rapid share dilution meant investors ended up owning less of it
The filing shows 79 more BTC, 430,000 more effective common shares and an unresolved funding link.
ETF
Schwab rebrands $232M crypto ETF with NLP buzzword without changing a single investment
STCE kept the same ticker, fee, objective and index while its largest holdings included miners and Trump Media.
AI
AI firms are shredding physical books because copyright law is quietly rewarding them
To legally train AI, tech companies are buying millions of physical books—just to slice off their bindings and shred them.
Derivatives
Inside the brutal 2-minute flash crash sending a $400M South Korean market plunging on Hyperliquid
A later snapshot showed open interest down 20.29% while TradeXYZ investigated the price inputs submitted to HyperCore.
Regulation
Federal court shields Kalshi and Polymarket from Minnesota’s felony crackdown days before deadline
KalshiEX and Polymarket US can keep serving Minnesota users while the merits and contract boundary remain unsettled.
Regulation
Crypto holders face a July 29 Maine deadline as state manual conflicts on when abandoned funds trigger seizure
The five-year trigger is clear, but the first applicable report cycle and transition treatment are not.
