Weekly Newsletter

The sharpest crypto signals — what moved, and why it matters.

Sun, Aug 2

Galaxy Research maps 1,082 BTC ($70M) drained from 1,196 addresses as Coinkite extends its advisory to every current model, ships patches, and Block traces the attacker to a paid analytics account

Quantum wallets: two teams, one trick, same wall

Last week I covered Project Eleven's quantum-recovery tool for Bitcoin, built on a neat piece of math: a quantum computer might crack the key that spends your coins, but it can't reconstruct the seed phrase that key was derived from — so…

CLARITY Pulled From Floor Schedule

CLARITY Act Senate fight

The CLARITY Act is moving through an increasingly narrow Senate window toward a floor vote as ethics disputes, opposition coalitions, and shifting passage odds keep the bill's fate uncertain.

Latest: CLARITY Act removed from Senate floor schedule before recess; Lummis says delay without a specific ask is a deliberate move to kill the bill, as Polymarket odds hit 27% and prosecutors contest developer provisions

BNY: the deed goes on-chain

Almost everything called a tokenised fund so far has been a wrapper. The real legal record of who owns what stayed in the old system, and a matching token was issued on a blockchain as a copy — a digital twin. If the two ever disagreed,…

Hyperliquid: the oracle worked. That's the problem

Yesterday I walked through how one $867 SK Hynix share trade sent Hyperliquid's SKHX contract down 18% in minutes and force-closed a wave of leveraged positions. The tally has since grown from the early $26m count to more than $80m in…

Deposit tokens: the banks know how to share. Do they know how to hurry?

JPMorgan already runs its own digital dollar — a "deposit token," meaning an ordinary bank deposit repackaged as a blockchain token so it can move instantly, any hour, any day. It handles over $7 billion daily. The limitation: it only…

BIP-110: you can't lower the bar to dodge consensus

BIP-110 wanted something plenty of bitcoiners sympathize with: a one-year ban on the pictures, text and assorted junk that share block space with payments. To activate, it needed 55% of mined blocks to signal support — miners voting by…

ETH Inflows As Bitcoin ETF Outflows Hit $475m

Same Wrapper, Opposite Flows: ETHA vs IBIT

BlackRock's ETH ETF (ETHA) absorbed $96.3m of inflows last week.

Solana Perps: $183 billion in volume, but read the footnote

The record quarterly volume on Solana's perp DEXs looks impressive until you notice that the largest non-crypto slice comes from GMTrade's 500x-leverage FX pairs.

Tokenised RWA: whose chain is it, really?

The world's biggest asset managers are putting real products on a public blockchain. BlackRock's BUIDL — an ordinary Treasury money-market fund, repackaged as blockchain tokens — has passed $2.5 billion. Franklin Templeton runs one.…

Zcash Ironwood: the privacy coin that had to expose itself to save itself

Ironwood is the fix, and it's carefully scoped. Seal the old pool. Open a new one, its math machine-checked — formally proven incapable of the same class of bug. Then make every coin exit the old pool through a turnstile: an accounting…

Visa Launches Bank Stablecoin Platform

Visa launches bank-facing platform enabling financial institutions to issue their own stablecoins

Strategy: the flywheel runs in reverse

When Strategy sold bitcoin for the first time in four years, the "never sell" identity ended with it. This week's earnings showed what replaced it. An $8.22 billion quarterly loss, almost all of it a paper markdown as bitcoin fell below…

Wintermute: Institutions at Record 72%

Wintermute reports institutions at a record 72% of its OTC spot volume in H1 2026, crediting institutional flow for damped volatility as retail sits out the bear market

USAT: the embassy, not the empire

Tether already runs the world's biggest digital dollar. USDT is a $180 billion coin used by hundreds of millions of people. So why did the company just launch a second dollar coin — USAT, now live on Celo — that is a thousand times…

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