Key Takeaways Bessent demanded a CLARITY vote as Satoshi’s quote turned 16, keeping crypto rules in focus. CME Group targets the $650B sports market with futures, expanding prediction-style trading. Aave will exit 6 chains covering $98.1M, while Russia pressures Gram and Telegram. WEEK IN REVIEW ‘I Don’t Have Time to Try to Convince You’ —…

Key Takeaways A Trezor-impersonation scam drained $282 million after a victim shared their seed phrase earlier this year. A full 12-word BIP39 phrase carries about 128 bits of entropy, effectively impossible to brute force. Chainalysis estimates up to 23% of all mined bitcoin, several million BTC, is permanently lost via lost keys. The Words Aren’t…

Key Takeaways Russia banned crypto mining in Moscow and the Moscow region from August 15, 2026, to December 31, 2032. The ban addresses severe local power grid strain, targeting 65 data centers running on a 734 MW capacity. This follows similar restrictions in regions like Siberia, where previous bans successfully eased grid load. Russia Expands…

Key Takeaways New York AG warns the CLARITY Act could limit state fraud enforcement. FBI reports $11 billion in crypto losses as Letitia James calls for tougher rules. Proposal calls for stronger AML, KYC, and platform accountability. James Warns Federal Bill Could Weaken State Enforcement New York Attorney General Letitia James called on Congress to…

Key Takeaways Fake IRS letters direct crypto holders toward a fraudulent portal. QR codes lead victims to websites built to resemble IRS.gov. Criminals seek wallet details, exchange logins, and personal data. Counterfeit Letters Exploit Growing Crypto Tax Anxiety The Internal Revenue Service (IRS) issued a fraud alert about fake letters targeting cryptocurrency holders on July…

Key Takeaways Grayscale pressed Senate leaders for a vote before the August recess. The CLARITY Act would create nationwide rules for digital asset markets. Supporters face a narrowing calendar and uncertain Senate vote count. Grayscale Presses Senate Leaders as Legislative Window Closes Digital asset manager Grayscale called on Senate leaders to bring the CLARITY Act…

Key Takeaways Elon Musk rejected the Tesla China sale report as entirely false. The Wall Street Journal reported executives explored separating Tesla’s China business. The dispute highlights scrutiny of Tesla’s China operations and strategy. Musk Rejects Report on Tesla’s China Business Elon Musk rejected a report that Tesla Inc. (Nasdaq: TSLA) had explored selling or…

Key Takeaways Galaxy tracked 1,367 BTC swept from 4,585 addresses across 3 waves. Binance and other exchanges added a net 11,163 BTC on July 31. Galaxy is watching 300 attacker addresses for the first outbound spend. A Third Wave Expands the Damage Galaxy Research disclosed on X that the three suspected waves drained about 4,585…

Key Takeaways Japan and the U.S. may unveil a joint yen policy next week, Kyodo News and CNBC reports. Japan sold up to $58.97 billion on July 30 in its largest one day yen move since 2022. Bessent’s notepad showed plans to buy $5-10 billion in yen, Reuters photographed. Japan Strikes First, Buying Nearly $59…

Key Takeaways John D’Agostino, Coinbase’s Head of Institutional Strategy, says he is relentlessly optimistic the CLARITY Act passes. JPMorgan puts CLARITY Act passage odds at 37%, while Polymarket bettors assign just 31%. The Senate Banking Committee advanced the bill 15-9, but it still needs 60 votes before the August 8 recess. A Coinbase Exec’s Case…