Daily digests
Crypto News Digest: July 30, 2026
The stories that moved crypto on July 30, 2026.
40 stories
All crypto news
Everything is becoming a perp
Perpetual contracts are rapidly evolving beyond their crypto origins, according to Katana Network's Matthew Fisher, as they become the standard for trading various assets. This shift is driven by their 24/7 availability and leveraged trading capabilities. As a result, perpetual contracts are increasingly being used to trade non-crypto assets, expanding their reach and influence in the global markets.
US Senators sent revised ethics rules to White House for CLARITY Act: Report
US Senators have sent revised ethics rules to the White House for the CLARITY Act, a comprehensive crypto market structure bill. The bill aims to provide clarity and regulation in the crypto space. With the Senate's month-long recess approaching, the window to pass this bill before the break is rapidly closing, leaving lawmakers scrambling to finalize the legislation.
Coinbase sinks 5% after missing second quarter revenue estimates
Coinbase is currently sinking 5% after missing second quarter revenue estimates. The company reported $1.22 billion in overall revenue, down from $1.5 billion in the year prior, marking a 18.7% decline. This decline reflects the ongoing market volatility and decreased trading activity, impacting the company's financial performance and potentially influencing the broader cryptocurrency market's growth prospects.
Strategy books $8.2 billion second quarter loss on bitcoin price decline
Strategy, the world's largest corporate bitcoin holder, reports an $8.2 billion second quarter loss due to a decline in bitcoin price. The company has built a substantial cash reserve covering over two years of dividend payments, addressing investor concerns about its growing preferred securities holdings. This move aims to bolster investor confidence in the company's financial stability and long-term strategy.
Coinbase Q2 profit misses estimates despite record crypto market share
Coinbase reports Q2 profit misses estimates due to softer spot trading and low volatility, despite achieving a record crypto market share. The exchange cites growth in derivatives, stablecoins, and tokenized finance as positives. Despite this, the earnings miss raises concerns about Coinbase's revenue stability, potentially impacting investor confidence and stock prices in the crypto industry.
World Cup generated $20B in blockchain prediction market volume: Chainalysis
The World Cup is generating a massive $20B in blockchain prediction market volume, according to Chainalysis, with over 400,000 wallets participating globally. This surge in activity is driven by prediction markets and digital collectibles, indicating a significant interest in blockchain-based betting. The market's growth is expected to have a lasting impact on the adoption of blockchain technology.
Coinbase shares slip after Q2 results despite prediction markets doubling and record trading market share
Coinbase shares are slipping after Q2 results, despite prediction markets doubling and a record trading market share. The company reports 88% of its net revenue now comes from sources other than bitcoin spot trading, highlighting a shift in its business model. This diversification is driving growth, but investors remain cautious about the company's overall performance.
Coinbase Misses on Q2 Earnings as Crypto Trading Activity Slows
Coinbase reports lower quarterly revenue and a net loss due to decreased crypto trading activity, missing Q2 earnings expectations. The exchange's revenue fell to $436 million, a 27% decline from last year, while subscription, stablecoin, and lending businesses grew. This slowdown in trading activity impacts Coinbase's overall performance and crypto market sentiment.
Strategy posts $8.2B Q2 loss as Bitcoin slump drives unrealized losses
Strategy is posting an $8.2 billion Q2 loss driven by the Bitcoin slump, which has led to significant unrealized losses. The company has built a $3.75 billion cash reserve to support preferred stock payouts following the launch of its BTC monetization program, aiming to mitigate the impact of the market downturn on its financial stability and investor returns.
Strategy posts $8.2 billion loss as bitcoin holdings increase 11% during Q2
Strategy posts an $8.2 billion loss as its bitcoin holdings increase 11% during Q2, despite the price of bitcoin being more than 40% lower at the end of this year's second quarter compared to Q2 2025. The significant loss underscores the volatility of the cryptocurrency market, with investors closely monitoring the sector for potential rebounds and recovery signs.
Senator Schumer proposes agency to address corruption, including Trump’s crypto ventures
Senator Schumer proposes an agency to combat corruption, specifically targeting Donald Trump's crypto ventures, referencing his 2025 disclosure of billions in crypto earnings and family ties to foreign governments, raising concerns over potential money laundering and influence peddling. This move could impact crypto regulations, potentially affecting prices and investor confidence in the market.
Telegram’s Pavel Durov responds to Russia’s terrorism designation
Pavel Durov, Telegram's founder, responds to Russia's terrorism designation, stating he was labeled a terrorist after refusing government demands for mass surveillance and censorship on the messaging platform. This move follows Durov's consistent rejection of Russian authorities' requests, highlighting the ongoing tensions between the government and the encrypted messaging service.
Quantum Solutions loses top Japan ETH treasury spot after another $1.9 million sale
Quantum Solutions is losing its top Japan Ethereum (ETH) treasury spot after a significant $1.9 million sale, its second major sale in recent weeks, reducing its ETH treasury holdings by 28.6% since mid-June. This sale has allowed another firm to surpass Quantum's holdings, shifting the dynamics in Japan's ETH treasury landscape, impacting market sentiment and potential future investment opportunities.
Bipartisan Sens. Tillis and Gallego send new ethics compromise to White House in Clarity Act push
Senators Tillis and Gallego are pushing a new ethics compromise to the White House, aiming to revive the Clarity Act, a bill that seeks to provide transparency in government.
Researchers Tried Letting AI Do Science. It Failed
Researchers are currently testing AI's capabilities in scientific research, but a multi-institution study has found that today's frontier AI agents can only handle the mechanics of research, failing to produce original work worthy of acceptance at a top AI conference, a finding that highlights the limitations of current AI technology in scientific innovation.
IRS warns crypto holders fraudster sending fake letters in attempt to steal digital assets or data: Bloomberg
The IRS is warning crypto holders about a new phishing scam where fraudsters send fake letters claiming to be from the agency, attempting to steal digital assets or sensitive data. These fake letters are becoming increasingly sophisticated, mirroring the IRS's legitimate correspondence regarding crypto disclosure requirements, and are a growing concern for the crypto community.
Treasury Secretary Invokes Bitcoin Creator Satoshi Nakamoto in Plea for Clarity Act
Treasury Secretary Scott Bessent invokes Bitcoin creator Satoshi Nakamoto in a plea for clarity on the crypto market structure bill, urging the Senate to immediately vote on the legislation. He accuses Democrats of delaying the bill for political reasons, citing the need for swift action to stabilize the market and provide regulatory certainty for investors.
Fake staking site drains $8.5 million in XRP from dozens of investors promising easy yield
Seoul police are investigating a fake staking site that has drained $8.5 million in XRP from dozens of investors, with the total loss potentially rising to nearly $20 million. Two alleged scammers have been detained, while a third remains at-large. The scam promised easy yield, preying on unsuspecting investors, highlighting the ongoing risk of crypto scams.
CME's Duffy warns an overlooked tax risk looms over U.S. perpetual futures
CME CEO Terry Duffy warns a looming tax risk threatens U.S. perpetual futures, citing a court battle over whether these contracts are swaps or futures, which could impact IRS taxation. Independent experts agree the issue remains unresolved, leaving market participants uncertain about potential tax implications, affecting trading decisions and market stability.
IREN, Core Scientific and more surge as Aschenbrenner fund reportedly liquidates $1 billion AI infrastructure portfolio
IREN, Core Scientific, and other companies surge as Aschenbrenner's fund reportedly liquidates a $1 billion AI infrastructure portfolio, a move that reflects his conviction in the critical role of power and data-center capacity in scaling AI. This significant shift in investment strategy is likely to boost these companies' stocks, driving growth in the AI infrastructure sector.
Canadian crypto ownership increases to 25%: Ontario survey
Canadian crypto ownership is increasing, with 25% of respondents owning digital assets, according to a recent survey of over 2,000 Canadians in late 2025 and early 2026. The survey reveals a growing awareness of the crypto industry's risks, driving higher ownership. This trend suggests a maturing market, potentially leading to increased adoption and mainstream acceptance.
Global banks test tokenized money for cross-border payments in $1 million BIS pilot
Twenty-eight banks, including JPMorgan, Citi, and UBS, are testing tokenized money for cross-border payments in a $1 million Bank for International Settlements pilot. The live test involves moving real money across borders using blockchain-based settlement, aiming to reduce transaction costs and increase efficiency. This development could significantly improve global payment systems.
Bitcoin Quantum Threat Inches Closer as IBM Claims 'Trusted Quantum Advantage'
IBM's researchers claim a 'Trusted Quantum Advantage' milestone, inching closer to a quantum threat against Bitcoin's cryptography. This advance reflects IBM's continued progress toward developing powerful machines capable of challenging current encryption methods. As a result, Bitcoin's security and the integrity of its blockchain may be compromised, raising concerns among investors and users.
Aviva Investors launches tokenized fund after Central Bank of Ireland approval
Aviva Investors launches a tokenized fund on the XRPL blockchain after receiving approval from the Central Bank of Ireland, offering eligible investors blockchain-based access to a regulated US dollar liquidity fund with traditional custody arrangements intact. This development marks a significant step in the adoption of tokenized assets in the traditional finance sector.
JPMorgan says crypto bill’s fading odds hurt outlook, warns parts could discourage institutional adoption
JPMorgan analysts warn that fading odds of the Clarity Act passing the Senate before year-end are a setback for crypto markets, hurting the outlook. The bill's uncertain fate could discourage institutional adoption, weighing on investor sentiment. As a result, JPMorgan's analysts lower their expectations for crypto market growth, citing regulatory uncertainty as a major concern.
Crypto for Advisors: Is the Clarity Act dead?
The Clarity Act, a proposed US bill aimed at regulating digital assets, appears to be stalled. Despite initial momentum, the bill has not seen significant progress in recent months, sparking concerns about its viability. The lack of clarity surrounding the bill's future has left the crypto industry uncertain, impacting investor confidence and market stability.
Australia Sues Telegram for $38M Over ‘Pro-Terror’ Videos
Australia's eSafety Commissioner is suing Telegram for $38 million, alleging the social media platform failed to detect and remove pro-terror content, including videos related to the Christchurch and Buffalo attacks. This lawsuit highlights concerns over online extremism and the responsibility of tech giants to monitor and remove harmful content, potentially leading to increased regulatory scrutiny and stricter moderation policies.
Fortitude targets 145% Zcash mining capacity increase with $31.5 million Bitmain order
Fortitude is targeting a 145% increase in Zcash mining capacity with a $31.5 million order from Bitmain. The new Zcash miners are scheduled to ship in Q4 and will be deployed across Fortitude's over 60 MW of power capacity, significantly boosting its mining operations and potentially increasing its market share in the Zcash mining landscape.
Elon Musk's xAI Sues Minnesota to Kill the US's First AI Nudification Law
Elon Musk's xAI is suing Minnesota to block the US's first AI nudification law, arguing its broad definition would outlaw shirtless men and swimwear photos. The company seeks a federal court injunction by Saturday. This high-profile lawsuit highlights the challenges of regulating AI-generated content, with implications for free speech and online expression, potentially affecting social media and content platforms nationwide.
Tokenized gold passes DeFi stress test, but less than 2% is used as collateral
Tokenized gold is withstanding DeFi stress tests, withstanding gold's sharp sell-off, according to a RedStone report, but less than 2% of tokenized bullion is being used as collateral. Despite surging market growth and trading volumes, DeFi lending adoption remains limited, indicating a need for increased awareness and adoption of tokenized assets in decentralized finance.
Hyperscale Data sells 100 BTC to fund Michigan AI data center
Hyperscale Data is selling 100 BTC from its treasury and a BTC-backed credit facility to fund a Michigan AI data center, tied to a potential multi-billion-dollar infrastructure contract. This strategic move leverages the miner's existing assets to secure a significant investment in AI infrastructure, underscoring the industry's growing emphasis on data-driven technologies and digital transformation.
Ondo Finance weighs acquisition worth up to $500 million
Ondo Finance is weighing an acquisition worth up to $500 million as the crypto industry's consolidation drive intensifies. The tokenized-assets firm is considering a deal valued between $250 million and $500 million, indicating a significant strategic move. This acquisition would further solidify Ondo Finance's position in the market, potentially impacting its competitors and the broader crypto infrastructure landscape.
Bitcoin stable as Fed fave PCE inflation sees first monthly drop in six years
Bitcoin remains stable as the US PCE inflation rate sees its first monthly drop in six years, conforming to year-on-year expectations. This easing inflation data has triggered a relief bounce in US stocks and Bitcoin, with the semiconductor rout in South Korea also showing signs of abatement, benefiting the cryptocurrency market.
Cathie Wood's Ark Invest Sells Bitmine While Adding to Coinbase and Circle Holdings
Cathie Wood's Ark Invest is actively rebalancing its portfolio, selling shares of Bitmine, Robinhood, Bullish, and Block worth approximately $17 million during Wednesday's crypto equities pullback. Meanwhile, the firm is adding to Coinbase and Circle Holdings, indicating a bullish stance on these companies. This move reflects Wood's confidence in the long-term potential of these assets.
Your 'Sexual Wellness' Pills Order Info From Hims Got Shared With Meta, Says FTC
The FTC alleges that Hims, a telehealth company, shared sensitive health information, including "sexual wellness" pill orders, with Meta and Snap, violating user trust. This breach occurred despite Hims' promise of user privacy. The FTC's action highlights growing concerns about data sharing and corporate accountability, potentially impacting consumer trust in telehealth services and online advertising.
Hyperscale Data sells 100 bitcoin to fund Michigan AI data center build
Hyperscale Data is selling 100 bitcoin to fund its Michigan AI data center campus build, also opening a credit facility to secure additional financing. This strategic move will enable the company to accelerate its expansion plans, capitalizing on growing demand for AI infrastructure. The industry is witnessing increased investment in data centers, driving demand for specialized facilities.
Australia’s eSafety regulator sues Telegram over alleged failure to remove pro-terror content, seeks A$54.6 million penalty
Australia's eSafety regulator is suing Telegram in Federal Court, alleging the messaging app failed to remove pro-terror content. The regulator seeks a significant A$54.6 million penalty. The lawsuit highlights concerns over online extremism and the responsibility of tech companies to moderate content.
'Completely Legal': GrapheneOS Pushes Back as Duress Password Case Proceeds
GrapheneOS is defending against a prosecution case, with activist Samuel Tunick stating that his prosecution is meant to set a precedent against privacy and intimidate people. This move could potentially impact the use of private operating systems like GrapheneOS, which emphasizes user security and data protection, as the case unfolds and its implications on the industry become clearer.
BitRiver founder charged in Russia over alleged $8M fraud
Russian authorities are charging BitRiver founder Igor Runets with alleged $8 million fraud tied to a crypto mining equipment deal involving Russian billionaire Oleg Deripaska. The charges stem from a complex scheme that allegedly involved the misuse of funds and false promises.
Ethereum enters its second decade after a year of upheaval at the foundation
Ethereum enters its second decade after a transformative year at the foundation, marked by significant leadership shakeups, increased institutional adoption, and shifting dynamics. The Ethereum Foundation has undergone substantial changes, with key personnel adjustments, amidst growing interest from institutions and a rapidly evolving ecosystem, setting the stage for the network's next phase of growth and development.