Daily digests
Crypto News Digest: August 2, 2026
The stories that moved crypto on August 2, 2026.
14 stories
All crypto news
SEC keeps Nasdaq bitcoin options on hold after granting CME review
The SEC is keeping Nasdaq's bitcoin options on hold after granting the CME review, with the exchange arguing that the contracts are commodity option swaps subject exclusively to the CFTC's oversight rather than the SEC's jurisdiction, potentially impacting the regulatory landscape for digital assets and their derivatives, with implications for market participants and investor protection.
Counting down the days: State of Crypto
The US Senate is on the verge of summer break, leaving a week to address its remaining priorities, with the fate of Clarity Act being one of them. Clarity aims to provide regulatory clarity for the crypto industry, but its passage is uncertain. Market players await a resolution, as uncertainty weighs on cryptocurrency prices and investor sentiment.
Why a DeFi platform ditched its consumer app to become the secret backend for tech giants
A DeFi platform is shifting its focus from a consumer app to providing backend services for tech giants, driven by a significant revenue decline from $80 million to $20 million in the bear market.
Saylor hints at Strategy bitcoin buy after five-week pause as STRC rate stays at 12%: ‘Bitcoin Drive engaged’
Strategy is poised to resume its bitcoin buying strategy after a five-week pause, with CEO Michael Saylor hinting at a potential acquisition. The company last reported holding 843,775 BTC acquired for $63.69 billion, and its STRC rate remains at 12%. This move could boost bitcoin's price and drive growth in the cryptocurrency market.
Coldcard Bitcoin Exploit Balloons to $88 Million as Attackers Keep Draining Wallets
A third wave of thefts from Coldcard Bitcoin wallets is unfolding, with observed losses now reaching approximately 1,367 BTC across 4,585 addresses, ballooning the total exploit to around $88 million. Attackers continue to drain wallets, exploiting vulnerabilities in the hardware wallets. The ongoing breach highlights concerns about Coldcard's security and potential risks to its users.
The future of crypto payments won't include on-ramps or bridges, Fun CEO says
Alex Fine emphasizes that standalone crypto payment rails are becoming outdated as platforms transition to unified funding flows, abstracting away blockchain complexity for users. This shift prioritizes seamless payment experiences over traditional on-ramps or bridges. The industry implication is a more streamlined and user-friendly crypto payment landscape, potentially expanding mainstream adoption.
What’s the Deal With Meta’s ‘Pervert Glasses’?
Meta's AI-powered "Pervert Glasses" are facing intense scrutiny due to lawsuits, privacy complaints, and secret recordings, with government investigations underway. At least five lawsuits have been filed, alleging the glasses can secretly record users. The controversy raises concerns about data privacy and potential misuse, potentially damaging Meta's reputation and future AI projects.
Trump Media says $165 million bitcoin transfer to Crypto.com wasn’t a sale
Trump Media is clarifying a $165 million bitcoin transfer to Crypto.com, stating it wasn't a sale. The company claims a similar transfer in May was part of a broader trading strategy, not a sale. This clarification comes as the market closely watches the company's financial activities, potentially influencing investor sentiment and crypto market trends.
Strategy leaves preferred STRC dividend at 12% as price still below par
Preferred STRC shares are maintaining a 12% dividend, a payout that investors have come to rely on when the stock trades significantly below its $100 par value, a situation that has persisted for a month, with the current price still lagging behind, indicating a stable income stream for investors in this asset class.
The reverse bridge: Crypto meets Wall Street using perps
Crypto exchanges are leveraging perpetual futures to offer 24/7 exposure to traditional assets like stocks, commodities, and indexes, effectively bridging the gap between crypto and Wall Street. This move is driven by the growing demand for continuous trading and hedging opportunities, with over 100 perpetual futures products already available on various platforms, expanding market access and opportunities for investors.
Unlike the FTX collapse, the $89 million Coldcard exploit has investors sending bitcoin back to exchanges
Smaller bitcoin holders are rapidly moving funds onto exchanges due to the $89 million Coldcard exploit, according to blockchain analytics firms, with many seeking safety in numbers. This trend contrasts the FTX collapse in late 2022, where investors rushed to withdraw funds from exchanges. The Coldcard exploit is prompting a reversal of that trend, with investors seeking exchange security.
BNB Chain pursues legal action after ex-employee’s memecoin launch
BNB Chain is pursuing legal action against a former employee who allegedly used a company tutorial wallet to create a memecoin that BNB Chain claims it did not authorize or endorse. The employee's actions have sparked controversy, raising questions about the misuse of company resources and intellectual property.
Trump Media sells another 2,628 BTC, holdings fall to 4,261 BTC
Trump Media continues to sell its Bitcoin holdings, transferring another 2,628 BTC to Crypto.com, bringing its total reported sales to 7,281 BTC over seven months. This leaves the company with 4,261 BTC in holdings. The sales suggest a significant reduction in Trump Media's Bitcoin reserves, potentially impacting its financial stability and long-term growth prospects in the crypto market.
Coldcard hack sparks biggest sub-1 BTC move since FTX: CryptoQuant
Bitcoin users rapidly move 39,600 BTC in small transactions as the ongoing Coldcard hack continues, with researchers warning that the attack remains active. This massive movement is the largest sub-1 BTC transaction count since the FTX collapse, indicating heightened uncertainty and potential for increased volatility in the market, with Bitcoin price stability at risk.