Clarity act stalls in senate – Link
Bernstein warned that weaker odds for the U.S. CLARITY Act could trigger a short-term sell-off in crypto if the Senate does not advance the bill before recess. Polymarket odds for 2026 passage fell to 31%, down 7 points in a week.
Bernstein warned that weaker odds for the U.S. CLARITY Act could trigger a short-term sell-off in crypto if the Senate does not advance the bill before recess. Polymarket odds for 2026 passage fell to 31%, down 7 points in a week.
Matters because: Regulatory clarity has been a key support for institutional crypto allocation. A failure to move the bill could pressure BTC and broader valuations near term.
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Zcash activates Ironwood upgrade, sealing $1.7B shielded pool – Link
Zcash’s Ironwood (NU6.3) upgrade went live, restricting the legacy Orchard shielded pool, which held about $1.7B in ZEC, and introducing a new formally verified shielded pool with a “turnstile” mechanism.
Zcash’s Ironwood (NU6.3) upgrade went live, restricting the legacy Orchard shielded pool, which held about $1.7B in ZEC, and introducing a new formally verified shielded pool with a “turnstile” mechanism.
Matters because: It strengthens confidence in Zcash’s privacy-asset thesis at the protocol level and may support continued capital rotation into privacy coins.
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Mastercard completes $1.8B acquisition of stablecoin infrastructure firm BVNK – Link
Mastercard finalized its acquisition of BVNK to expand stablecoin payment capabilities across cross-border B2B payments, remittances, and settlement.
Mastercard finalized its acquisition of BVNK to expand stablecoin payment capabilities across cross-border B2B payments, remittances, and settlement.
>Matters because: It shows continued mainstream financial institution commitment to stablecoin rails despite broader crypto market softness.
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The Tie launches SEC-registered broker-dealer for digital asset investment banking – Link
The Tie's new subsidiary, The Tie Capital, will offer private financing, M&A advisory, TGE support, and token-to-equity conversion services for crypto protocols. It is registered with the SEC and FINRA.
The Tie's new subsidiary, The Tie Capital, will offer private financing, M&A advisory, TGE support, and token-to-equity conversion services for crypto protocols. It is registered with the SEC and FINRA.
>Matters because: It reflects growing institutionalization of capital markets services built for crypto-native companies.
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Long-term BTC holders moved over 65,000 BTC to exchanges in two days amid macro risk concerns – Link
On-chain analyst Murphy reported consecutive large transfers of about 65,000 BTC over two days, including about 14,000 BTC to exchanges. The move reverses the steady long-term holder accumulation trend seen since May.
On-chain analyst Murphy reported consecutive large transfers of about 65,000 BTC over two days, including about 14,000 BTC to exchanges. The move reverses the steady long-term holder accumulation trend seen since May.
>Matters because: If these coins are sold rather than repositioned, BTC could face pressure from long-term holder distribution. The pattern is worth watching given the Fed vote, Middle East tensions, and near-record-short yen carry trade positioning.
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Aave plans orderly exit from low-activity markets and chains – Link
Aave announced a phased wind-down of underutilized markets and chain deployments, affecting about $100M in assets. The move is framed as capital-efficiency and risk management rather than distress.
Aave announced a phased wind-down of underutilized markets and chain deployments, affecting about $100M in assets. The move is framed as capital-efficiency and risk management rather than distress.
>Matters because: Concentrating liquidity may support the protocol's overall health, but affected users and smaller chain ecosystems will need to migrate.
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Bitcoin spot ETFs post modest net inflows as BTC holds $63K support – Link
Spot BTC ETFs logged $41.2M in net inflows on Aug 4 after $170M on Aug 3, while spot ETH ETFs added $10.6M. Glassnode data shows about 515,000 BTC has a cost basis clustered near $63,000, close to the 200-week moving average at ≈$63,657.
Spot BTC ETFs logged $41.2M in net inflows on Aug 4 after $170M on Aug 3, while spot ETH ETFs added $10.6M. Glassnode data shows about 515,000 BTC has a cost basis clustered near $63,000, close to the 200-week moving average at ≈$63,657.
Matters because: Steady ETF inflows and whale accumulation may help keep BTC stable near this support zone, even if institutional demand is cooling from earlier-year peaks.
Daily news snapshot: Altcoins watchlist
1. Zcash (ZEC): +5.15% (24h)
• Market cap: $8.47B
• ZEC rallied on lower mining costs and new real-world spending utility.
Catalysts:
• DCG-owned Fortitude Mining's third Nebraska infrastructure deal in a week cut ZEC mining costs to ≈$40/coin.
• ZecMap integration now enables ZEC spending for real estate, flights, and eSIMs across multiple countries.
2. TAC Protocol (TAC): +3.31% (24h)
• Market cap: $15.53B (FDV $33.7M; note: circulating-supply market cap reflects a low-float token)
• No single specific catalyst was identified in the last 24 hours.
3. Hyperliquid (HYPE): +2.13% (24h)
• Market cap: $13.81B
• HYPE extended its rebound toward $55–60 after record protocol activity.
Catalysts:
• Hyperliquid reported a record $218B in July perpetual DEX volume.
• Open interest hit a record $5.25B.
• Token burns have reached ≈4.6% of max supply cumulatively.
1. Zcash (ZEC): +5.15% (24h)
• Market cap: $8.47B
• ZEC rallied on lower mining costs and new real-world spending utility.
Catalysts:
• DCG-owned Fortitude Mining's third Nebraska infrastructure deal in a week cut ZEC mining costs to ≈$40/coin.
• ZecMap integration now enables ZEC spending for real estate, flights, and eSIMs across multiple countries.
Matters because: The move is tied to identifiable fundamentals, though ZEC remains volatile and near-term pullback risk is elevated.
2. TAC Protocol (TAC): +3.31% (24h)
• Market cap: $15.53B (FDV $33.7M; note: circulating-supply market cap reflects a low-float token)
• No single specific catalyst was identified in the last 24 hours.
Matters because: The move looks like broader small-cap volatility, with a large unlock (≈1.93% of supply) scheduled for Aug 15 that could add sell pressure.
3. Hyperliquid (HYPE): +2.13% (24h)
• Market cap: $13.81B
• HYPE extended its rebound toward $55–60 after record protocol activity.
Catalysts:
• Hyperliquid reported a record $218B in July perpetual DEX volume.
• Open interest hit a record $5.25B.
• Token burns have reached ≈4.6% of max supply cumulatively.
Matters because: Strong revenue and deflationary token mechanics may support recovery, though 13 straight ETF-outflow sessions keep institutional sentiment cautious.
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BlackRock launches two tokenized money market funds on Ethereum and Solana – Link
BlackRock introduced BSTBL and BRSRV for institutional cash management, with BNY Mellon and Securitize serving as transfer agents. The move expands BlackRock's roughly $1.1 trillion cash management business into on-chain infrastructure.
BlackRock introduced BSTBL and BRSRV for institutional cash management, with BNY Mellon and Securitize serving as transfer agents. The move expands BlackRock's roughly $1.1 trillion cash management business into on-chain infrastructure.
>Matters because: It signals continued institutional building of RWA and stablecoin-adjacent infrastructure, which may support long-term tokenization narratives.
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Senators ask SEC to investigate Trump-linked meme coin over alleged $3.81B in investor losses – Link
Senators Warren and Blumenthal formally requested an SEC investigation into whether the Trump meme coin violated securities laws. They cited reports that about 1 million wallets have lost a combined $3.81B since the token's January 2025 launch, while Trump is estimated to have earned $636M from it.
Senators Warren and Blumenthal formally requested an SEC investigation into whether the Trump meme coin violated securities laws. They cited reports that about 1 million wallets have lost a combined $3.81B since the token's January 2025 launch, while Trump is estimated to have earned $636M from it.
Matters because: The probe could shape the pending "Clarity Act" market-structure bill and raise legal risk for politically linked token projects.
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Creator budgets still come from old channels, not just net-new spend
The chart breaks down where enterprise brands say marketing budget comes from. Email marketing leads at 51%, followed by events at 46%. Only 41% point to net new budget, and 41% to changes in software stack.
• Email marketing: 51%
• Events: 46%
• Net new budget: 41%
• Changes in software stack: 41%
• Print or broadcast advertising: 39%
In simple terms, creator spend is often a reallocation exercise, not a fresh-budget category. That makes validation more important: once the money comes out of existing lines, a weak creator choice is harder to justify.
Data source: IAB
Related read: From 750+ Applications to 15 Long-Term Creators: A Green Dots Select Case Study
The chart breaks down where enterprise brands say marketing budget comes from. Email marketing leads at 51%, followed by events at 46%. Only 41% point to net new budget, and 41% to changes in software stack.
• Email marketing: 51%
• Events: 46%
• Net new budget: 41%
• Changes in software stack: 41%
• Print or broadcast advertising: 39%
In simple terms, creator spend is often a reallocation exercise, not a fresh-budget category. That makes validation more important: once the money comes out of existing lines, a weak creator choice is harder to justify.
Data source: IAB
Related read: From 750+ Applications to 15 Long-Term Creators: A Green Dots Select Case Study
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The first week of August is already in its middle – let's see what events have happened during this time ↓
General
➖ Cryptorank: Crypto Fundraising in Q2 2026: Venture Held the Line as Debt Became the Second Engine
➖ 4pillars: Coldcard Got Burned, Coinbase Froze [FP Weekly 32]
➖ CoinGecko: KuCoin Exchange Report
➖ Binance: Half-Year 2026: On-Chain Markets
➖ Galaxy: Weekly Research Brief: AI's Civil War, a $60m Oracle Anomaly, and Zcash's Ironwood Upgrade
➖ Galaxy: Open Letters, Open Weights, Openly Divided: AI Giants Stake Out Positions
Market
➖ CoinShares: Equities update | August 3rd, 2026
➖ CoinShares: Market update | July 31st, 2026
➖ Glassnode: Paid to Wait
➖ Galaxy: Charts of the Week: Solana Sweeteners
DeFi
➖ 4pillars: The Endgame for Wallets is Open Money
Blockchains & networks
➖ 4pillars: 2026 Hyperliquid Q2 Quarterly Report
➖ CoinMarketCap: What Is Robinhood Chain, and How Does It Work?
➖ Coinbase: Weekly: Hyperliquid in Focus
➖ Galaxy: Will Robinhood Chain Succeed Where Coinbase’s Base Stumbled?
➖ Galaxy: Zcash’s Ironwood Upgrade Sharpens Chain’s Privacy Features
➖ Galaxy: How One Share in Seoul Broke Hyperliquid’s Largest Equity Market
Tokens & currencies
➖ CoinShares: Bitcoin's drawdown in context
➖ 4pillars: How Regulated Token Standards Are Being Designed
General
➖ Cryptorank: Crypto Fundraising in Q2 2026: Venture Held the Line as Debt Became the Second Engine
➖ 4pillars: Coldcard Got Burned, Coinbase Froze [FP Weekly 32]
➖ CoinGecko: KuCoin Exchange Report
➖ Binance: Half-Year 2026: On-Chain Markets
➖ Galaxy: Weekly Research Brief: AI's Civil War, a $60m Oracle Anomaly, and Zcash's Ironwood Upgrade
➖ Galaxy: Open Letters, Open Weights, Openly Divided: AI Giants Stake Out Positions
Market
➖ CoinShares: Equities update | August 3rd, 2026
➖ CoinShares: Market update | July 31st, 2026
➖ Glassnode: Paid to Wait
➖ Galaxy: Charts of the Week: Solana Sweeteners
DeFi
➖ 4pillars: The Endgame for Wallets is Open Money
Blockchains & networks
➖ 4pillars: 2026 Hyperliquid Q2 Quarterly Report
➖ CoinMarketCap: What Is Robinhood Chain, and How Does It Work?
➖ Coinbase: Weekly: Hyperliquid in Focus
➖ Galaxy: Will Robinhood Chain Succeed Where Coinbase’s Base Stumbled?
➖ Galaxy: Zcash’s Ironwood Upgrade Sharpens Chain’s Privacy Features
➖ Galaxy: How One Share in Seoul Broke Hyperliquid’s Largest Equity Market
Tokens & currencies
➖ CoinShares: Bitcoin's drawdown in context
➖ 4pillars: How Regulated Token Standards Are Being Designed
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Dinari and Circle launch tokenized US stock platform targeting S&P 500 – Link
Dinari partnered with Circle to let investors trade tokenized US stocks (dShares) settled in USDC, with plans to bring all S&P 500 constituents on-chain. The platform already operates in 85 jurisdictions and supports over 6,000 tokenized assets.
Dinari partnered with Circle to let investors trade tokenized US stocks (dShares) settled in USDC, with plans to bring all S&P 500 constituents on-chain. The platform already operates in 85 jurisdictions and supports over 6,000 tokenized assets.
Matters because: The launch strengthens the link between stablecoins and traditional equities and could lift USDC utility if adoption grows.
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BlackRock tokenizes $311B in European money market funds on Ethereum – Link
BlackRock launched a tokenized share class for six funds under its Institutional Cash Series, with $311B total AUM, as its first on-chain fund access in Europe. The shares are minted on Ethereum via JPMorgan's Kinexys platform and are restricted to professional/qualified investors.
BlackRock launched a tokenized share class for six funds under its Institutional Cash Series, with $311B total AUM, as its first on-chain fund access in Europe. The shares are minted on Ethereum via JPMorgan's Kinexys platform and are restricted to professional/qualified investors.
Matters because: This is another sign of institutional tokenization moving onto Ethereum, even if the near-term retail impact is limited.
Hyperliquid RWA trading hits $4.13B in open interest as tokenized stocks surge – Link
Hyperliquid's RWA trading activity reached $4.13B in open interest, with daily volume up 229% to $4.87B. The surge was led by tokenized equities like Palantir, but it also triggered leveraged liquidations above $19.25M.
Hyperliquid's RWA trading activity reached $4.13B in open interest, with daily volume up 229% to $4.87B. The surge was led by tokenized equities like Palantir, but it also triggered leveraged liquidations above $19.25M.
Matters because: Demand for on-chain equity exposure is growing fast, but the liquidation numbers show leverage risk is rising too.
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