Market
Stablecoins
Trump-backed $4 billion USD1 stablecoin has wallet powers its own GitHub does not show
Justin Sun says USD1 can move funds from frozen wallets without holder consent as World Liberty seeks final bank approval.
Crime
US expands Iran-linked hacking case to 17 defendants over HBO’s $6 million Bitcoin ransom plot
US authorities say the alleged Iran network compromised thousands of academic accounts and caused millions in remediation costs.
Digital Asset Treasuries
This Nasdaq-listed crypto firm is swapping fresh Ethereum buys for an AI pivot
Intchains is betting a new mining chip and early-stage AI expansion can rebuild growth after revenue fell 94%.
AI
Bitcoin miners are getting a new AI hedge, but it may protect them from the wrong risk
CFTC-backed compute futures could cushion GPU price swings while leaving hundreds of millions in financing and dilution exposure untouched.
Featured
Bitcoin is closing in on $80,000 and already destroyed a record $4 billion in short bets
Bitcoin’s three-day surge has pushed a major market gauge bullish for the first time since October.
AI
This Bitcoin miner just signed a $350 million AI deal, but it needs $185 million to make it work
HIVE must complete a massive Nvidia buildout before most of the contract can start generating revenue.
Digital Asset Treasuries
Tether-backed Antalpha’s loan TVL declined $696 million as its gold bet returned a $22 million loss
Aurelion’s tokenized-gold positions drove most of a $25.1 million operating loss while lending activity weakened across the group.
Digital Asset Treasuries
Nasdaq-listed company warned it may not survive 12 months after its crypto treasury crashed 46%
Cosmos Health’s financing deal required 72.5% of note proceeds to go into crypto as losses, cash burn and dilution mounted.
Bankruptcy
SEC faces Aug. 20 deadline to unlock $123 million recovery fund for Terra investors
The money has already been collected from Jump Crypto subsidiary Tai Mo Shan, but the regulator still has to decide who qualifies.
Crime
FBI gets alleged $165 million crypto Ponzi scheme mastermind back after year-long Fiji escape
Prosecutors say Edward Zimbardi diverted investor funds into forex bets, luxury vehicles and payments to earlier investors.
Price Watch
Bitcoin blasts past $72,000 as Trump, Treasury buybacks wipe out $3.1B in shorts
Bitcoin climbed roughly 15% since Monday as a Treasury bond-market intervention helped push yields lower and forced billions of dollars in bearish positions to unwind.
Layer-2
A crypto network just voted to abandon its standalone blockchain and unlock 27% of its token supply
Gnosis Chain’s overhaul will retire its validator system and release about 350,000 staked GNO back into liquid markets.