Bitwise Cuts 14% of Staff as Crypto Slump Enters 10th Month

Bitwise Asset Management, a crypto asset manager, has cut 14% of its workforce as a prolonged market downturn weighs on the industry. Bloomberg reported on August 11 that the San Francisco-based firm reduced headcount to about 155 from roughly 180. E

ENS Approves Restructuring, Shifts $65 Million Endowment and Protocol Revenue Oversight to Foundation

Ethereum Name Service has approved a broader restructuring of its foundation and a revamp of the protocol's operating structure. ENS said Aug. 11 that it approved and executed on-chain a governance proposal titled "Next Era of ENS DAO." The measure p

US Spot-Bitcoin ETFs Post $144.6 Million of Net Outflows

US spot-Bitcoin exchange-traded funds swung to net outflows. Data from Trader T showed the funds posted combined net outflows of $144.6 million on August 10, reversing five straight trading days of net inflows. BlackRock's IBIT led the outflows at $5

SK Hynix to Become Kioxia’s Largest Shareholder Via 14.19% Bain Vehicle Stake

SK Hynix is poised to become the largest shareholder in Japanese NAND flash maker Kioxia. Bloomberg reported on August 10 that Kioxia said BCPE Pangea Cayman2, an investment vehicle set up by Bain Capital, became its largest shareholder with a 14.19%

Bitmine Buys Another 13,000 Ether, Raising Holdings to 5.81 Million ETH

Bitmine, led by Tom Lee, has bought another 13,000 Ether. OnchainLens said on Aug. 10 that Bitmine received about 13,000 ETH, worth roughly $24.39 million, in an additional transfer from BitGo. The purchase raised Bitmine's Ether holdings to about 5.

Anthropic Signs $9.1 Billion Cloud Deal With Bitcoin Miner Riot Platforms

Anthropic has signed a long-term cloud computing supply agreement with Bitcoin miner Riot Platforms valued at $9.1 billion. Bloomberg reported on August 10 that Anthropic struck the deal with Riot Platforms. The contract runs for about 20 years throu

Oil Rises for Third Day as Trump Adds Demands on Iran

Oil rose for a third straight session as uncertainty mounted over talks to reopen the Strait of Hormuz. West Texas Intermediate traded near $82 a barrel on August 10, Bloomberg reported, after surging 5.1% in the previous session. Brent settled below

Trump Media Posts $360 Million First-Half Crypto Loss as Bitcoin Holdings Decline

Trump Media & Technology Group posted a $360 million loss on cryptocurrency investments in the first half of 2026, while its Bitcoin holdings also declined. CoinDesk reported on August 10 that Trump Media said in a quarterly filing submitted that day

Quantum Hackers May Target Exchanges, Stablecoin Wallets Before Satoshi's, CEO Says

If so-called Q-day becomes reality and quantum computers break current encryption, wallets held by exchanges or stablecoin issuers could come under attack before the Bitcoin linked to Satoshi Nakamoto, Cointelegraph reported on August 10. Christopher

South Korea to Ease Crypto Major Shareholder Disqualification Rules, Exempt Minor Violations

South Korea’s Financial Services Commission plans to create exceptions to rules that disqualify major shareholders of virtual-asset service providers, allowing some to avoid disqualification even if they received criminal penalties for legal violatio

CLARITY Act Senate Vote Delayed by Pushback From US Regional Banks

Opposition from U.S. regional banks has slowed Senate action on the CLARITY Act, a digital-asset market structure bill, dealing the crypto industry what Punchbowl News described as its biggest political setback in the past two years. On Aug. 9, Punch

Ark Invest Buys $17.3 Million of Circle Stock, Adds SpaceX Shares After Earnings

Ark Invest, the investment firm led by Cathie Wood, bought heavily into shares of stablecoin issuer Circle and SpaceX. The Block reported on August 6 that Ark Invest bought 273,343 Circle shares the previous day through the ARK Innovation ETF (ARKK),

South Korea to Tighten Asset Reviews for Senior Officials’ Crypto Holdings, Expand Single-Stock ETF Disclosures

South Korea will strengthen reviews of senior public officials’ crypto assets and unlisted stock holdings, while expanding disclosure requirements for single-stock exchange-traded funds to include fund names and the number of units held. According to

Bitcoin Stalls at $64,000 as Analysts See Grinding Bottom Formation

Bitcoin is struggling to find direction near $64,000, and several market analysis firms say the token may be forming a bottom through exhaustion rather than a sharp selloff. The Block reported on August 5 that Bitcoin barely moved near $64,000 on Aug

BofA Cuts Dollar-Yen Year-End Forecast to 149 on Expected US-Japan Intervention

Bank of America lowered its year-end forecast for the dollar-yen exchange rate, citing the prospect of joint foreign-exchange intervention by the US and Japan and the possibility of another Bank of Japan rate hike. Bloomberg reported on August 5 that

BOK Sets Up Asset Tokenization Unit to Prepare Pilot for Tokenized Government Bonds

The Bank of Korea has created an Asset Tokenization Team under its Digital Currency Lab and started preparations for a pilot project on tokenized government bonds. Edaily reported on Aug. 5 that the BOK set up the new unit in an organizational reshuf

Senate Republicans Skip CLARITY Act Cloture Filing, Potentially Delaying Vote This Week

U.S. Senate Republicans did not file for cloture on the CLARITY Act, a crypto market structure bill, potentially delaying a vote this week. Eleanor Terrett, host of Crypto In America, said Senate Majority Leader John Thune did not file for cloture on

Strategy-Linked Wallet Moves 1,030 Bitcoin, Fueling Speculation of Another Sale

Michael Saylor-led Strategy may be preparing to sell more of its Bitcoin holdings. On Aug. 4, on-chain analytics platform Lookonchain said a wallet linked to Strategy transferred 1,030 Bitcoin worth about $66.14 million to an external address roughly

Cloudflare Starts Rollout of Stablecoin Wallets for AI Agents

Cloudflare has started rolling out programmable wallets that will allow artificial intelligence agents to pay directly for APIs and online content with stablecoins. The Block reported on August 4 that the internet infrastructure company unveiled the

Senate Democrats Keep Opposition to CLARITY Act Vote Without Deal on Ethics, AML

Senate Democrats are maintaining that a procedural vote on the CLARITY Act is unlikely to pass unless disputes over ethics rules, anti-money laundering provisions and stablecoin interest payments are resolved. Brendan Pedersen of Punchbowl News wrote

Ethereum Researchers Propose Burning Validator Rewards to Cap Staking at 50%

Ethereum researchers have proposed a new issuance model that would automatically burn part of validator rewards once staking rises beyond a certain threshold. The Block reported on August 4 that six researchers, including Ethereum Foundation research

US Spot-Bitcoin ETFs Draw $170.1 Million, Return to Net Inflows

US spot-Bitcoin exchange-traded funds swung back to net inflows, drawing more than $100 million in fresh capital. Farside Investors data released on August 4 showed US spot-Bitcoin ETFs recorded net inflows of $170.1 million the previous day. The fun

Telegram Restored to Apple App Store Search After Temporary Suspension

Telegram has reappeared in Apple’s App Store search results after a temporary suspension that had blocked new downloads of the messaging app. As of the morning of Aug. 4 in Korea, Telegram was not appearing in App Store search results, making new dow

US Treasury Chief Publicly Urges Fed to Expand Yen Support Facility, Sparking Independence Debate

Treasury Secretary Scott Bessent publicly urged the Federal Reserve to expand a liquidity facility that helps Japan defend the yen, intensifying debate over the central bank's independence. Bloomberg reported on Aug. 3 that Bessent raised the need to

Oil Holds Near $80 After Trump Says He Expects Strait of Hormuz to Reopen Soon

Oil was little changed after a sharp drop a day earlier, as President Donald Trump said he expects the Strait of Hormuz to reopen soon. Bloomberg reported on August 3 that West Texas Intermediate traded near $80 a barrel. Brent settled around $84 a b

Cash Floods Into Leveraged Semiconductor ETFs, Making SK Hynix the Largest Single-Stock Bet at $5.5 Billion

SK Hynix has become the world’s largest single-stock holding in leveraged exchange-traded funds as investors pour money into semiconductor-linked products. KobeissiLetter said on Aug. 3 that leveraged and inverse ETFs tied to SK Hynix held about $5.5

Trump Administration Calls OpenAI, Anthropic, Google to White House for AI Safety Framework Talks

The Trump administration is convening major artificial intelligence companies, including OpenAI, Anthropic and Google, at the White House as it prepares a new system for testing AI safety. Bloomberg reported on August 3 that administration officials

BitGo CEO Challenges Anthropic’s Claude to Move 100 BTC: ‘Take It if You Can’

BitGo Chief Executive Officer Mike Belshe has launched a public test challenging Anthropic’s artificial intelligence model Claude with 100 BTC. WuBlockchain reported on August 3 that Belshe deposited 100 BTC into a public Bitcoin address and challeng

Hong Kong Woman in Her 50s Loses $3.3 Million in Romance Scam Tied to Fake Crypto Investment

A Hong Kong insurance agent in her 50s lost $3.3 million in a cryptocurrency investment scam after falling victim to an online romance scam. The Block reported on August 3 that Hong Kong police said the woman was defrauded of about HK$26 million, or

JPMorgan Says US Capacity for Joint Yen Intervention Is Limited, but Could Rise to $187 Billion

The US has limited capacity to continue joint foreign-exchange intervention with Japan, though it could expand its available firepower to as much as $187 billion if needed, according to a JPMorgan analysis. Bloomberg reported on August 2 that the US