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Banks fight stablecoin yield, again
Banks are lobbying to strip stablecoin yield from the Clarity Act, arguing deposit flight could hurt lending, even as deposit interest rates keep falling.
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August 16, 2026 · 3 min read
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Galaxy cuts CLARITY Act odds to 10%
Galaxy Digital slashed its odds of US crypto market structure law passing in 2026 to just 10%, down from 75% in May.
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Mac flaw let hackers mine Monero, 9.8/10
A macOS Screen Sharing flaw scored 9.8/10 on the CVSS scale, and hackers used it to quietly install Monero miners.
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UBS call options on IBIT jump 24-fold
UBS's bullish IBIT call exposure surged from 80,000 to 1.95 million underlying shares in one quarter.
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Cboe files for US 3x bitcoin, ether ETFs
Cboe asks the SEC to list the first US 3x leveraged bitcoin and ether ETFs, following LeverageShares' European launch.
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Gen Z trades ETFs, not stocks, on Binance
Binance data: ETFs hit 25% of Gen Z equity volume in early August, up from 18.5% in June, as younger traders skip leverage.
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Harvard holds its bitcoin ETF stake flat
Harvard's endowment held its IBIT stake flat in Q2 after slashing it 43% the prior quarter, per its 13F filing.
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StablecoinX shares jump on 20% ENA stake
StablecoinX shares rose 12% after disclosing it holds 20% of ENA's total token supply.
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Tudor adds to IBIT, still 91% below peak
Paul Tudor Jones' firm raised its IBIT stake 18.9% to 688,529 shares, still 91.4% below its 2024 peak of 8.05 million shares.
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JPMorgan's crypto ETF filing isn't a bet
JPMorgan's Bitcoin ETF stake rose 25% and its Ether ETF stake more than quadrupled in Q2, per a 13F filing.
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Morgan Stanley added IBIT as it fell 18%
Morgan Stanley's IBIT stake rose 23% to 16.5M shares in Q2 even as the position's dollar value fell 18% on price.
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Tether finally gets a real audit
KPMG gave Tether an unqualified opinion for 2025, finding reserves exceed liabilities by $6.814 billion.
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Binance bStocks overtakes xStocks
Binance's bStocks hit $610.6M, edging past Kraken's xStocks to become the No. 2 tokenized stock issuer in under two months.
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Brazil ETF bets 95% on one MSTR stock
OranjeBTC's DIGY11 ETF will put 95% of its portfolio in Strategy's STRC preferred shares, targeting a 17-19% yield.
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FCA and HTX in talks after undercover buy
FCA and HTX are in settlement talks after a regulator staffer allegedly bought crypto using a UK driving license as ID.
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Public miners cut hashrate 13.4% for AI
Public Bitcoin miners' realized hashrate fell 13.4% in six months as they shift power to AI and HPC deals.
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Bitcoin's volatility hits a 3-year low
Crypto trading volumes have fallen to their lowest in three years as ETF buying offsets miner and corporate selling near $63,500.
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Fidelity adds staking to $898M ether ETF
Fidelity moves to add staking and quarterly cash payouts to its $898M ether ETF, keeping 85% of rewards.
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Miden launches a stablecoin you can't see
Miden will launch USDCx, a privacy stablecoin backed 1:1 by USDC via Circle's xReserve, at month's end.
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Coldcard hack: three trackers, three totals
CryptoQuant confirms 1,432 BTC stolen in the Coldcard hack, while Galaxy and TRM Labs trace figures closer to 1,816 BTC.
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Decta moves its own treasury onto USDC
Payments firm Decta will convert company funds to USDC via OpenPayd for treasury settlement, not customer payments.
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Grvt puts $100M into Ondo's USDY
Exchange Grvt is moving up to $100 million into Ondo Finance's tokenized Treasury note USDY.
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Retail is buying gold, not bitcoin
GLD pulled $1.4B in August retail inflows while bitcoin sank to a one-week low ahead of US CPI data.
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Bitcoin ETFs pull $854M, but flows fade fast
Spot bitcoin ETFs took in $853.5M over five days, but daily totals shrank and BlackRock's IBIT alone grabbed 80% of it.
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BlackRock puts Bitcoin at 3% in a stock fund
BlackRock Canada's new IBQT ETF holds 97% global equities and 3% Bitcoin, packaged as a single ticker on the TSX.
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Tron's stablecoin rails outgrow its DeFi
Tron's USDT supply hit $87.9B in Q2 with $2.1T transferred, even as DEX volume fell for a fourth straight quarter.
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Bitcoin anti-spam fork stalls at 2.53%
A BIP-110 fork of Bitcoin drew just 2.53% of mining support and mined only two blocks before stalling.
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Brazil adds 24-hour hold on crypto transfers
Brazil's central bank will let VASPs hold transfers above $10,000 to foreign platforms or self-custody wallets for up to 24 hours from 2027.
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T. Rowe Price puts dogecoin in an active ETF
T. Rowe Price's TKNZ ETF holds dogecoin at 1.26% of assets, defending memecoins as a blockchain stress test.
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Bitcoin ETFs' $1B week follows a hack
US spot Bitcoin ETFs pulled in roughly $1B this week, their best since April, right after a $116M Coldcard wallet hack.
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HTX's $135M stETH trail leads to Poloniex
On-chain data traces 71,853 stETH, worth $135M, moving from HTX reserves into Poloniex wallets before June's proof-of-reserves reset.
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USDC lands on OKX's X Layer network
Circle launched native USDC and CCTP on X Layer, plugging OKX's L2 into the $60B+ stablecoin's crosschain rails.
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Bitcoin ETFs: three days, $626M in
US Bitcoin ETFs took in $244.4M Wednesday, a third straight inflow day worth $626M combined, even as fear stays extreme.
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Bitcoin's boredom bottom at $64K
Spot bitcoin ETFs pulled in $211.5M Tuesday as price held near $64,000, with analysts calling flat trading a sign of bottoming.
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Circle's $12M miss hides a margin story
Circle's Q2 revenue of $701M missed estimates by $12M, but net income jumped $530M year-over-year as reserve income grew.
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Coldcard hack sends BTC into ETFs
Spot Bitcoin ETFs pulled in $382M over two days as a $130M hardware wallet hack revived custody fears.
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Strategy joins Trump Accounts pledge list
Saylor's Strategy joins Coinbase and Morgan Stanley pledging contributions to Trump Accounts, which will hold S&P 500 index funds, not crypto.
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Dinari puts S&P 500 stocks in self-custody
Dinari now lets US wallets hold tokenized S&P 500 shares settled in USDC, no broker custody required.
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First spot bitcoin ETF closure, $14.7M fund
Hashdex will liquidate its $14.7M DEFI ETF, the first U.S. spot bitcoin ETF closure, as flows concentrate in a handful of giants.
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Intesa triples staked ETH ETF, guts IBIT
Intesa Sanpaolo tripled its staked Ether ETF stake to $7.1M while cutting IBIT shares 94% in Q2.
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Coinbase premium's record 77-day discount
Coinbase Bitcoin premium has stayed negative for 77 straight days, the longest streak on record, even as ETFs turned net positive.
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Coldcard loss hits $88.6M, still moving
Galaxy Research puts Coldcard wallet losses at 1,367 BTC ($88.6M) across 4,585 addresses, as sub-1 BTC transfers spike to a 2022 high.
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Spark bets on stablecoin fragmentation
Spark ditched its consumer app and now routes $1.5B in stablecoin swaps, betting fragmentation among tech giants' tokens is the opportunity.
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Stablecoins hit a 9% wall on remittances
Bank of Italy mystery-shopped 200 USDC across 10 corridors: total costs ran 0.3% to 9%, with gas fees a rounding error.
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Bitcoin ETFs' green July hides a $5.3B hole
Spot Bitcoin ETFs took in $172.4M in July but still sit $5.3B negative for 2026 after May-June withdrawals.
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Iran-linked exchange sent $676M to Binance
Reuters: Dubai's Shelbit moved $676M to Binance and over $4B total since May 2024 in an alleged sanctions-evasion network tied to Iran.
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Tether's $1.5B quarter runs on Treasuries
Tether posted $1.5B in Q2 profit and a $4.11B reserve surplus, mostly from US Treasury interest income.
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Bitcoin ETFs snap back with $233M inflow day
Bitcoin ETFs pulled in $233.1M in a single day, flipping the week green with $203.84M net and July up $437.8M.
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Coinbase's loss shows a trading drought
Coinbase posted a surprise quarterly loss as trading volumes dried up, even as bitcoin ETFs pulled in $233M the same day.
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Coldcard bug drains $38M, dents self-custody
A Coldcard firmware flaw let attackers rebuild seed phrases, draining roughly 600 BTC ($38M) from self-custodied wallets.
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Bitcoin ETFs snap back, Ether funds reverse
Bitcoin ETFs took in $32.1M, ending a four-day, $500M+ outflow streak, while Ether ETFs lost $18.65M.
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Bitcoin ETFs' worst inflow month on record
Bitcoin spot ETFs took in just $205M in July, the lowest monthly total ever, per SoSoValue data.
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Coinbase's Q2 miss hides a bigger shift
Coinbase posted a $359M Q2 net loss on falling trading revenue, but subscriptions hit 48% of net revenue.
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Cash beats carry trade for 2nd time ever
Treasury yields topped the carry trade for only the second time on record, and bitcoin still pushed toward $65,000 on thin volume.
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Bernstein cuts Circle target to $140
Bernstein trims its Circle price target to $140 from $190 but keeps Outperform, betting USDC's near-ATH supply outlasts the Open USD threat.
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Bitcoin ETF outflows hit $526M in four days
US spot Bitcoin ETFs bled $526M over four sessions as BTC slipped below $65K, though the yearly total still tops $51B.
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Tether's USAT stablecoin lands on Celo
Tether's GENIUS-compliant USAT stablecoin launches on Celo, its first chain beyond Ethereum, and doubles as gas.
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Visa's neutral stance on its own stablecoin
Visa CEO says the firm won't 'pick winners' on Open USD, staying multi-coin and multi-chain instead.
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Bitcoin ETFs shed $465M in two days
U.S. spot Bitcoin ETFs lost $465M over two days, snapping a seven-day, $1B inflow streak, led by outflows from BlackRock's IBIT.
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Ethereum L2 TVL slides to 2-year low
Ethereum Layer 2 TVL has fallen back to roughly $5 billion, matching levels last seen in 2023.
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Fortitude cuts ZEC mining cost to $40
Barry Silbert-backed miner Fortitude says a new Nebraska facility cuts direct ZEC cash cost from $70 to about $40.
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IMF: Brazil stablecoin flows outrun capital
IMF says stablecoin purchases in Brazil are 2-3x more sensitive to global shocks than traditional FDI or portfolio flows.
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PayPal's Q2 keeps crypto off the books
PayPal posted $8.68B in Q2 revenue and pushed stablecoins, but excluded an $81M crypto swing from its adjusted earnings.
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Bitcoin ETFs eke out third weekly inflow
Bitcoin ETFs posted $33.8M in weekly inflows despite $465M in Thursday-Friday outflows, the smallest gain of a three-week streak.
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Metaplanet's real plan: bitcoin-backed bonds
Analyst Benchmark says Metaplanet's brokerage tie-up undersells a bigger goal: 4-6% bitcoin-backed 'Bitbonds' settled on-chain in stablecoins.
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Triple-A absorbs $11.8M treasury breach
Stablecoin payments firm Triple-A confirms an $11.8M treasury-wallet breach, says client funds held in trust were untouched.
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Binance phish-tests staff monthly
Binance runs monthly simulated phishing attacks on staff and can fire repeat failures, per CSO Jimmy Su.
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BitMart winds down as BMX token drops 70%
BitMart will halt trading Aug. 26 after BMX fell nearly 70% and users flagged withdrawal delays.
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CFTC warns prediction markets, again
The CFTC issued its second warning in 2026 telling prediction markets to stop filing broad, template-style event contract certifications.
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Bitcoin ETF volume hits 8-month low
Bitcoin ETF weekly trading volume dropped to its lowest since October 2024 while ether funds pulled in nearly as much cash with an eighth of the assets.
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ETH ETFs snap streak, still win the week
Ethereum ETFs lost $70.6M on Friday, ending a 5-day inflow run, but still closed the week up $103.9M.
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Bitcoin ETF streak ends with $225M outflow
Spot Bitcoin ETFs posted $225.2M in outflows Thursday, ending a seven-day, near-$1B inflow run.
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Samsung Wallet mocks up USDC support
Samsung showed a Samsung Wallet mockup holding Circle's USDC at Galaxy Unpacked, with no launch date attached.
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AFX Trade drained of $24M, offers hacker 30%
Arbitrum perp DEX AFX Trade lost $24M when its own USDC custody bridge was exploited, not the chain itself.
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Goldman breaks ranks on crypto bill
Goldman CEO David Solomon backs the Clarity Act as six major bank trade groups fight its stablecoin yield language.
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Kakao taps Circle for a won stablecoin
Kakao Group's three arms signed an MOU with Circle to explore won-backed stablecoin payments and settlement.
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A fake price crashed a stablecoin 99%
Balance Coin fell 99% to $0.0014 after an oracle exploit let an attacker net $912,000 from bitcoin-backed vaults.
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Binance sees biggest BTC outflow since 2024
Binance recorded a net outflow of over 9,000 BTC in one day, its largest since November 2024, per CryptoQuant.
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Bitcoin's rally hits a $68,000 wall
Bitcoin holds above $65,800 on a sixth straight day of ETF inflows, but analysts flag $68,000 as the next real test.
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Bitcoin ETFs' longest inflow run since April
Bitcoin ETFs pulled in $227M on July 20, a fifth straight day of inflows totaling $727M, the steadiest run since June's outflows.
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Bitcoin ETFs hit five-day inflow streak
US spot Bitcoin ETFs pulled $227M Monday, a five-day streak worth $727M, as BTC broke above $65,000.
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CoinShares brings a miner ETF to Europe
CoinShares' new UCITS ETF tracking Bitcoin miners traded just 60 units, worth $1,320, on its Xetra debut.
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Movement Labs' bankruptcy claims
Ousted co-founder Rushi Manche filed the largest claim, $1.6M, in Movement Labs' bankruptcy, which lists up to $10M in liabilities.
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Bitcoin ETF inflows: $273M vs $8B exodus
Bitcoin ETFs pulled in $273M over two weeks, barely more than the smallest single week of the prior $8B outflow streak.
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Bitcoin ETFs post second week of inflows
Bitcoin ETFs added $75.7M in week two of inflows, but Citi just cut its 12-month inflow forecast to zero.
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Grayscale files Worldcoin ETF with SEC
Grayscale filed the first US ETF tied to Worldcoin (WLD), a token now trading near $1.5B market cap.
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Miners' AI pivot masks a $50B funding gap
Hut 8 and IREN's AI deals sparked 11%+ stock gains, but Blocksbridge pegs the sector's AI buildout gap at $50B.
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Strive's bitcoin buying slows to a crawl
Strive bought just 21 BTC last week for $1.3M, its smallest add yet, while cash reserves grew faster than its bitcoin stack.
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Stablecoin issuers get no rulebook one year after GENIUS Act signing
US agencies missed the GENIUS Act's rulemaking deadline; zero final stablecoin rules exist a year after the law was signed.
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Korea opens sanctions case against Upbit over $36M hack delay
South Korea's FSS sent Dunamu a formal inspection letter over the $36M Upbit hack, but the law has no hacking penalty clause.
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Saylor's 110-point case against BIP-110
Saylor published a 110-point essay opposing BIP-110 ahead of the soft fork's August vote window.
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Stablecoin rules miss their deadline as agencies file 10 proposals
A year after the GENIUS Act became law, US agencies have issued 10 proposed stablecoin rules but zero final ones.
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Tether faces a two-year clock on U.S. stablecoin rules
The GENIUS Act's first anniversary passed with roughly a quarter of USDT's reserves still in assets that won't meet the law's standards.
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US regulators blow past GENIUS Act deadline for stablecoin rules
A year after signing, the GENIUS Act still has no final rules. Treasury, OCC, FDIC and the Fed all missed the deadline.
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BIP-110 signaling stalls under 1% of Bitcoin hashrate
Miner signaling for BIP-110 sits near 0.6% of blocks over 60 days, far short of the support that carried Segwit's activation.
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Bolivia's dollar shortage is making USDT a national payment tool
Bolivia is weighing a framework to recognize USDT for payments after abandoning its currency peg, as dollar scarcity pushes demand toward stablecoins.
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IBIT's fast rise to $100 billion echoes gold's 2011 top
Bloomberg's Eric Balchunas says IBIT's sprint past $100 billion resembles GLD's 2011 run, right before gold entered a multiyear drawdown.
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OKX Europe builds an exit ramp off USDT
OKX Europe now lets users convert USDT to USDC, giving EU customers a route around MiCA's restrictions on Tether's token.
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Washington attacks Pix while the dollar already wins in Brazil
The US slaps a 25% tariff on Brazil over Pix, even as dollar stablecoins already make up 90% of Brazil's crypto transactions.
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Bitcoin ETFs post three straight inflow days, still deep in the red for 2026
US spot Bitcoin ETFs pulled in $368M over three days, but that barely dents a $5.4B net outflow for 2026.
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Bitcoin drops under $63,000 as geopolitics rattles markets
Bitcoin fell below $63,000 on Iran strikes and US-China tension, but ETF inflows hit $510 million and the strike-hour outflow of -18.3 BTC reversed within the hour.
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Coinbase premium stays negative for a record 60 days
Bitcoin slid toward $63,000 as the Coinbase premium held negative for a record 60 straight days, signaling weak US demand.
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OKX gives EU users an exit ramp from USDT, but few are taking it
OKX Europe now lets users convert USDT to USDC, yet Tether still holds 59% of a $310B stablecoin market despite MiCA locking it out.
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SBI's Coinhako deal is a licensing shortcut, not a bet on Singapore
SBI Holdings gets MAS approval to take majority control of Coinhako, its third crypto acquisition move in weeks worth over $365M combined.
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BitPay wins Dutch MiCA license, opening EU stablecoin push
BitPay secured a CASP license from the Dutch AFM under MiCA, joining a small group of firms cleared to operate across the EU.
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Galaxy wraps DeFi yield in a compliance blanket for institutions
Galaxy Curator gives Fireblocks' 2,400 institutional clients access to Morpho vaults, backed by a $1.4B loan book and $3B in staked assets.
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Ostium halts trading after $18 million vault exploit
Ostium paused trading after an apparent $18 million exploit drained its vault, with the attacker converting USDC to ETH.
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Visa builds a stablecoin platform that skips Circle
Visa is reportedly building an internal stablecoin platform giving clients access to OUSD, a direct challenger to Circle's USDC.
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An MOU, and Japan's stablecoin pileup
JCB signed an MOU with Circle to test USDC in Japan. It commits no money, but it's the fourth regulated Japanese stablecoin move since a 2023 law, which is the real signal.
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Circle froze a Tether-backed fund over manipulation fears
Circle suspended Heka Funds after learning Tether had put $800 million into the arbitrage fund, arbitration filings show.
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One fund set the ETF flow print, again
US spot bitcoin ETFs took in $181M Tuesday after a $425M redemption Monday. BlackRock's IBIT was 77% of it and ETHA was 100% of the ether inflow. The daily print is one desk's plumbing.
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The stablecoin money is buying the pipes
Velocity raised $38M for stablecoin settlement software, part of a wave of infra rounds. With $226B in B2B stablecoin payments in 2025, the money is buying rails, not new coins.
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A $425M ETF outflow, and the whales buying the other side
US spot Bitcoin ETFs shed $424.66M on Monday, their worst July day, even as on-chain data shows large holders adding. The daily flow number measures the wrapper, not conviction.
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Crypto customers win 8% of the time
When a dispute with a crypto exchange reaches an arbitrator, the customer wins about 8% of the time. Nine in ten cases never get that far. Our tally of 1,617 filings through 2026.
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Where the Two Billion Went
813,294 wallets lost $2.0 billion on the TRUMP token. The family took about a third, 58 wallets more than half. Every estimate, one page.
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Survival of the Licensed
Inside the MiCA cull: how Europe went from 3,167 crypto firms to 244 in eighteen months.
Read the Story ▸Stablecoins Quietly Became the Product
Everyone came to crypto for the volatility. The thing that actually found product-market fit holds still on purpose.
Read the Story ▸What the ETF Flows Are Actually Telling Us
A green inflow number is not a vote of confidence. It is a plumbing change, and the plumbing is the story.
Read the Story ▸Custody, Explained: Not Your Keys, Not Your Coins
The oldest slogan in crypto is also the most misunderstood. Self-custody is not safer by default. It just moves the risk onto you.
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