Daily digests
Crypto News Digest: August 4, 2026
The stories that moved crypto on August 4, 2026.
40 stories
All crypto news
Tribal gaming regulators, senators make a renewed push to add prediction markets provision to Clarity Act
Tribal gaming regulators and senators are making a renewed push to add a prediction markets provision to the Clarity Act, aiming to keep sports betting under state jurisdiction. This move comes in response to a federal regulator's efforts to assert control. The provision would protect tribal gaming's autonomy, potentially impacting the growing US sports betting market.
AI Enthusiast Bugs His Toddler's Sleepover and Feeds It to Claude—The Internet Bugs Back
Nicholas Charriere shares an hour of nonsensical audio, recorded from his toddler's sleepover, on a family website with named tracks, feeding it to Claude, a large language model.
This Bitcoin Bridge Shut Itself Down Because AI Was Finding Bugs Too Fast
Boltz, a non-custodial Bitcoin swap provider, has suspended swaps indefinitely due to attackers discovering vulnerabilities faster than its team can fix them. The company's AI-powered security measures are struggling to keep pace with the rate of new exploits. As a result, the market is on high alert, with traders closely monitoring the situation for any potential fallout.
SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings
SpaceX tops Wall Street revenue forecast with $1.1 billion in quarterly revenue, surpassing expectations. However, the company reports a $540 million loss, primarily due to its substantial bitcoin holdings. As the company prepares for a major insider share unlock, investors closely monitor its financial performance, sparking concerns about its long-term financial stability and industry implications.
Jim Cramer Is Selling His Bitcoin Over Quantum Threat—Crypto Twitter Is Thrilled
CNBC host Jim Cramer is selling his Bitcoin holdings due to concerns over quantum computers potentially cracking the cryptocurrency's cryptography, an issue he discussed on air with IBM CEO Arvind Krishna.
Ledger Says Coldcard Exploit Shows Bitcoin Wallet Security Must Adapt to AI
Ledger CTO Charles Guillemet emphasizes the significance of certified hardware randomness in the wake of the Coldcard exploit, highlighting its necessity in safeguarding against AI-driven attacks. He stresses the need for wallet security to adapt to AI's evolving capabilities. This underscores the growing importance of robust security measures in a rapidly changing cryptocurrency landscape.
BlackRock’s spot Ethereum ETF to undergo 1-for-3 reverse share split in October
BlackRock's spot Ethereum ETF, ETHA, is set to undergo a 1-for-3 reverse share split in October, consolidating every three shares into one, thereby increasing the fund's per-share net asset value. This move aims to make the fund more attractive to institutional investors, potentially boosting its trading volume and liquidity in the market.
OpenAI Dumps Apple Employees' Text Messages to Fight Trade Secret Suit
OpenAI is releasing emails and text messages from Apple employees, alleging factual errors in Apple's trade secret lawsuit and contradicting claims of confidential information being shared. The documents, totaling over 1,000 pages, are part of OpenAI's defense strategy to fight back against Apple's allegations, potentially weakening the lawsuit's validity and impact on the tech industry.
Coldcard Bitcoin Exploit Explained: Entropy, How Keys Are Generated, and Why Bits Matter
A critical vulnerability in Coldcard wallets is costing Bitcoin holders over $100 million, exposing a flaw in entropy-based key generation, where bits matter significantly. This exploit reopened the debate on trust in dice rolls, which generate randomness used to create private keys. The incident highlights the importance of robust entropy sources in secure wallets.
Cloudflare kicks off stablecoin wallet rollout for AI agents to pay for APIs and online content
Cloudflare is rolling out stablecoin wallets for AI agents to pay for APIs and online content, with users able to claim wallet handles now, while funding and payment features are scheduled to arrive later. This move aims to simplify transactions for AI-powered services, potentially increasing adoption and usage of Cloudflare's APIs and content services, enhancing the overall developer experience.
Ethereum researchers propose burning validator rewards to cap staking at 50%
Ethereum researchers propose EIP-8361, a proposal to cap staking at 50% by burning validator rewards, with the percentage of rewards burned increasing as the staking ratio rises. The plan aims to prevent centralization and maintain network decentralization. If implemented, this could have significant implications for Ethereum's staking dynamics and long-term sustainability.
US, UK reaffirm support for stablecoins, tokenization in joint financial regulation talks
US and UK regulators reaffirm support for stablecoins and tokenization in joint financial talks, emphasizing the implementation of the GENIUS Act and payment modernization. They also stress cross-border cooperation, reinforcing a shared framework for digital asset oversight. This shared framework is expected to provide clarity and stability for the growing digital asset market.
Police Have Arrested 37 Americans Over AI Data Center Protests This Year
Police are arresting 37 Americans this year over protests against AI data centers, highlighting a growing national movement against massive computing projects. Local disputes are escalating into a nationwide issue, with concerns over environmental impact, energy consumption, and community disruption. This trend may influence public perception of tech giants' expansion plans, potentially affecting their stock values and industry standards.
Binance launches bitcoin-backed ‘Lite Loan’ with $1,000 borrowing limit
Binance is launching Lite Loan, a bitcoin-backed borrowing product with a $1,000 borrowing limit in USDT, catering to eligible users. This move allows users to tap into their existing bitcoin holdings, potentially providing liquidity without selling their assets. The introduction of Lite Loan is likely to increase user engagement and deepen Binance's offerings in the lending space.
BlackRock debuts tokenized share classes for select European money market funds with $311 billion in assets
BlackRock is debuting Ethereum-based tokenized share classes for select European money market funds with $311 billion in assets, utilizing JPMorgan's Kinexys platform. This move is expected to increase liquidity and accessibility for investors. The tokenized share classes will enable seamless trading and settlement, potentially driving further adoption in the tokenized assets market.
BitGo’s WBTC move pushes LayerZero-to-Chainlink tally near $15 billion
BitGo's recent move of Wrapped Bitcoin (WBTC) is pushing the LayerZero-to-Chainlink tally near $15 billion, following a significant migration wave triggered by a $292 million Kelp bridge exploit. This migration has seen announced LayerZero-to-Chainlink moves now totaling $14.5 billion, highlighting a major shift in the crypto landscape and potentially increasing demand for Chainlink services.
As Clarity Act teeters, mystery group hammers away at crypto in Washington ads
A mysterious group is running ads in Washington, DC, warning residents about the dangers of digital assets, with the group's director remaining tight-lipped about its backers.
Samsung is poised to become a dominant stablecoin distributor, analysts say
Samsung is poised to become a dominant stablecoin distributor as it seeks to turn 800 million Galaxy phones into wallets for digital assets and blockchain payments, backed by a deeper play in crypto infrastructure. This move could significantly expand the reach of cryptocurrencies and blockchain technology, potentially rivaling established players in the market and boosting adoption rates.
Open USD rattled Circle's stock, but its key backers still support USDC
Executives at Coinbase, Visa, and Mastercard reaffirm their support for USDC, despite Open USD's recent market volatility, indicating their backing is not solely tied to a single stablecoin. They plan to support multiple stablecoins, viewing Open USD as an additional payments rail rather than a replacement for USDC, maintaining stability in the crypto ecosystem.
Solana Proposal Would Increase Daily SOL Burns More Than 10-Fold
Validators on the Solana network are considering a proposal to increase daily SOL burns by more than 10-fold, permanently removing a substantial amount of tokens from circulation. This move would also reduce the rate of new token issuance. If implemented, this change could lead to a decrease in SOL's overall supply, potentially increasing its value in the market.
Bitcoin’s $63,000 zone emerges as key battleground for buyers: Glassnode
Bitcoin is currently trading near its 200-week moving average, with retail investors and large whales actively buying, particularly around the $63,000 zone. This area has emerged as a key battleground for buyers, with the 200-week moving average serving as a crucial support level. Market sentiment is shifting in favor of buyers, potentially leading to a bullish trend.
Wells Fargo joins JPMorgan and Citi in the race to tokenize Wall Street’s settlement rails
Wells Fargo is joining JPMorgan and Citi in the push to tokenize Wall Street's settlement rails, leveraging its proprietary blockchain to enable automatic routing of payments through its existing client interface, reportedly aiming to reduce settlement times and costs. This move is expected to further accelerate the adoption of blockchain technology in the financial sector, driving increased efficiency and security.
Bitdeer expands AI infrastructure with long-term $4.7B data center lease
Bitdeer is expanding its AI infrastructure through a 16-year $4.7 billion data center lease in Norway, securing 121 megawatts of AI computing capacity. This significant investment underscores crypto mining companies' shift towards diversifying revenue streams beyond Bitcoin. The long-term agreement will enable Bitdeer to capitalize on growing AI demand, fueling industry growth in the process.
Clarity Act sits idle over Trump ethics question as Warren asks SEC to investigate him
Senators Elizabeth Warren and Richard Blumenthal are urging the U.S. Securities and Exchange Commission to investigate Donald Trump's memecoin, sparking concerns over potential securities law violations. The Clarity Act, aimed at clarifying ethics questions, remains dormant. Warren's request seeks to uncover whether Trump's memecoin constitutes a security, potentially impacting the crypto market's regulatory landscape.
Bitcoin coils at $64K as Hormuz reopening timeline sends S&P 500 to $70T record
Bitcoin cools at $64,000 as global markets surge, with the Strait of Hormuz reopening timeline sending the S&P 500 index to a record $70 trillion market cap, fueled by increased oil demand expectations. This uptick in investor confidence is driving a broader market rally, with Bitcoin and other cryptocurrencies poised to capitalize on the momentum.
Hashdex to Shut Down Bitcoin ETF After Struggling to Gain Assets
Hashdex will liquidate its U.S. spot Bitcoin ETF later this month, ending a fund that entered the market in 2024 after struggling to gain assets. The Brazil-based crypto asset manager's decision marks a setback for the growing Bitcoin ETF market, which had been expected to attract more investors seeking exposure to the cryptocurrency.
Robinhood shrugs off crypto slump as Coinbase activity remains tied to trading cycle
Robinhood is shrugging off the crypto slump as its user base remains stable, despite broader market conditions. In contrast, Coinbase's activity is tied to the trading cycle, experiencing a slump alongside the market. This divergence highlights the varying resilience of crypto platforms, with Robinhood's stability suggesting a more robust user base and potentially lower volatility. Market implications remain uncertain.
BNY to offer institutional crypto staking through Galaxy partnership
BNY Mellon is offering institutional crypto staking through its partnership with Galaxy Digital, expanding its services beyond custody and safekeeping. Eligible clients can now earn yield on proof-of-stake assets, a key feature of certain blockchain networks.
Senators seek SEC probe of President Trump’s memecoin as crypto bill enters into a pivotal week
Senators Elizabeth Warren and Richard Blumenthal are calling on the Securities and Exchange Commission to investigate President Donald Trump's memecoin, citing potential securities law violations. The probe request comes as a crypto bill enters a pivotal week, with lawmakers weighing regulations that could impact the industry's growth. Market implications are uncertain, but increased scrutiny may deter investors.
Alibaba Just Gave Away Its Best AI Model For Free, Almost Matching Claude and ChatGPT
Alibaba is releasing its Qwen Max AI model with public weights next week, making it free to download. The model's performance is comparable to popular AI models like Claude and ChatGPT. Alibaba's own scorecard acknowledges that American-developed AI models still excel in coding tasks, indicating a competitive landscape in the AI industry.
Sorry everyone, Bitcoin is headed down to $43,500: Michael Terpin
Michael Terpin, founder of Transform Ventures, warns that Bitcoin may still have a 30% downside from its current price, potentially falling to $43,500. This prediction suggests a significant drop in value, which could impact investor confidence and market stability. The crypto market is closely watching Bitcoin's price movement, awaiting a clear sign of a bottom.
Apple's AI Slop Problem Left a $200K macOS Exploit Unreported
Apple's AI slop problem has left a $200K macOS exploit unreported, as a Milan start-up claims to have discovered a full-takeover flaw in macOS using ChatGPT, but was unable to submit the vulnerability due to Apple's new submission cap, which limited the number of submissions per quarter, potentially exposing users to severe security risks and financial losses.
Dinari brings tokenized U.S. stocks to American investors as equity race heats up
Dinari is launching tokenized U.S. stocks for eligible American investors, introducing the custodial tokenization model to the market. This move comes as competition over blockchain-based equities heats up, with multiple players vying for dominance. Dinari's entry into the space is expected to further accelerate the adoption of tokenized equities, potentially disrupting traditional investment channels and increasing accessibility for retail investors.
Bitdeer stock pops and drops on $4.7 billion AI data center lease in Norway
Bitdeer's stock experiences a significant fluctuation after announcing a $4.7 billion lease for an AI data center in Norway with Volta. The company's shares initially surge, but then drop, as investors weigh the benefits of the massive lease against potential risks and market volatility. Market implications are unclear, with investors closely watching the development's impact on the cryptocurrency mining sector.
Intesa Sanpaolo slashed IBIT stake by 94% in 2Q, tripled ether ETF holding as crypto prices slumped
Intesa Sanpaolo significantly reduced its stake in IBIT by 94% in 2Q, while simultaneously tripling its holding in the iShares Staked Ethereum Trust ETF as crypto prices declined. This move comes as the bank's total bitcoin ETF holdings fell 35% to $69.3 million, highlighting a shift in the bank's crypto investment strategy amidst market volatility affecting the industry.
Polymarket targets $20 billion valuation as competition heats up in prediction market sector
Polymarket is targeting a $20 billion valuation as competition intensifies in the prediction market sector, reportedly returning to investors months after securing a $15 billion funding round. This move suggests Polymarket's valuation has increased significantly since the initial funding, indicating strong investor confidence in the platform's growth prospects and potential for dominance in the emerging prediction market space.
At least 15 attackers exploited Coldcard vulnerability: Galaxy
At least 15 attackers have exploited the Coldcard vulnerability, which may have been prevented with $2 worth of AI hardening, according to Dragonfly's managing partner. This security breach highlights the importance of timely updates and cost-effective measures in protecting sensitive information.
Hut 8 shares slip after mild Q2 revenue miss as AI data center pipeline grows
Hut 8's shares are slipping after the company reported a mild Q2 revenue miss, citing a 13% decrease in revenue to $44.6 million. The decline is attributed to lower mining revenue, but the company's AI data center pipeline is growing, signaling potential future growth opportunities, which may offset the current revenue dip for investors.
BitGo moves $7.4 billion Wrapped Bitcoins to Chainlink CCIP in latest LayerZero exodus
BitGo is moving $7.4 billion Wrapped Bitcoins to Chainlink CCIP in a significant migration from LayerZero, pushing the total value near $15 billion. This move represents the largest shift yet, with WBTC accounting for the majority of the transfer. The increased liquidity will likely boost Chainlink's utility, potentially driving adoption and price stability in the DeFi market.
Dinari launches tokenized S&P 500 stocks for US self-custody wallets using USDC
Dinari is launching tokenized S&P 500 stocks for US self-custody wallets using USDC, a move that's generating significant interest from both crypto natives and established firms like JPMorgan and Goldman Sachs, who are exploring tokenized equities. This development could further blur the lines between traditional finance and cryptocurrency, potentially increasing adoption and mainstream recognition.