Cathie Wood’s ARK buys another 220K Circle shares despite sell-off
Cathie Wood’s ARK Invest added $13.9 million worth of Circle shares on Tuesday, extending its July buying spree to 725,517 shares amid a steep stock decline.…
Stripe, Advent offer $53B to acquire PayPal: Report
Stripe and Advent reportedly offered to buy PayPal for $53 billion, at a 28% premium compared to the company’s Tuesday closing price. Source：Cointelegraph
Kalshi says CFTC, Michigan orders leave it in ‘impossible position’
“We are disappointed by this decision and believe it is unfair to Kalshi,” the company’s legal counsel said on X. Source：Cointelegraph
US freezes $131M in Iran-linked crypto as Middle East tensions rise
“US Treasury is committed to disrupting and degrading Iran’s illicit financial activities, including its abuse of digital assets,” US Treasury Secretary Scott…
Bitmine generated $46M from Ethereum staking last quarter
Ethereum staking generated 98% of Bitmine’s revenue last quarter as the company’s pivot from Bitcoin mining gained momentum following its March validator…
Over 95% of Coinbase’s code is now written with AI
Coinbase’s Rob Witoff said the company is leaning more on AI to help with execution, but still needs highagency humans for judgment and strategy.…
Three US senators oppose CLARITY Act on ethics grounds with vote expected soon
Senate Majority Leader John Thune reportedly said the chamber will consider a vote on the crypto market structure bill before Aug. 10, though it’s unclear…
Velocity raises $38M to build stablecoin treasury infrastructure for enterprises
Backed by Dragonfly, FirstMark and Coinbase Ventures, the startup is expanding software that helps businesses integrate stablecoins into treasury and payment…
US, UK treasuries to align transatlantic rules on tokenization and stablecoins
The two governments issued recommendations on the treatment of digital assets as the US prepares to implement a 2025 law on payment stablecoins.…
UK government defers capital gains on certain crypto with ‘no gain, no loss’ approach
The change in tax policy, expected to impact about 700,000 people in the UK, was related to the disposal of crypto in lending and liquidity pools.…
JCB signs Circle MOU to test stablecoin payments in Japan
The companies will explore using USDC for JCB’s crossborder treasury operations and merchant payments in Japan as regulated stablecoin adoption gains momentum.…
CleanSpark shares jump 22% after $6.6B Georgia data center lease
The Bitcoin miner’s Georgia agreement with an undisclosed investmentgrade technology company expands its footprint in AI and highperformance computing…