by Michael
Key TakeawaysBitcoin fell nearly $3,000 on July 31, dropping to $62,369 after failing to hold $65,000.The crash wiped out $360 million in crypto bets, reducing Bitcoin’s monthly gains to 4.5%.Senate delays dropped the 2026 passage odds for Senator Lummis’s CLARITY Act... 
by Michael
Key TakeawaysTether reported $1.5B in Q2 profit as USDT cap reached $184.6B, capturing 60% of the stablecoin market.Tether backed USDT with $115B in Treasuries and $18.8B in gold, building $4.11B in excess reserves.Tether hired KPMG for its first third-party audit,... 
by Michael
Key TakeawaysBlackrock’s IBIT led $233.13M into bitcoin ETFs, extending the recovery to 2 days.XRP ETF assets hit $1B as ether and solana gains signaled broader institutional demand.HYPE paused a 5-day outflow run at $260.44M as markets watch whether demand returns in... 
by Michael
Key TakeawaysAave plans to exit six chains and remove 71 markets covering $98.1M in deposits.Aave’s $14.5B scale shows DeFi is prioritizing revenue over low-use expansion.Aave will shift resources to larger markets and securities finance after six network exits. Aave... 
by Michael
Key TakeawaysCircle secured an NYDFS trust charter, enabling it to issue state-approved stablecoins and offer custody.The NYDFS license validates Circle’s compliance standards, securely positioning USDC in the global market.This state approval follows federal OCC... Translate »
