Aug 5 Wednesday
According to Gate market data, Meta Platforms (META.O) has overtaken SpaceX (SPCX.O) in market capitalization. Currently, SpaceX is down 10.5% with a total market cap of $1.48 trillion, while Meta Platforms is down 0.8% with a total market cap of $1.49 trillion.
A random number generation flaw in Coldcard firmware since 2021 weakened wallet seeds, affecting multiple models. Galaxy Research identified four suspected attack waves involving 5,294 addresses and 1,815.75 BTC, but users must generate new seeds to secure funds.
According to Catcher Predict, the prediction market Polymarket saw a sharp decline in the odds for Vacherot in the National Bank Open match against Navone, falling from 88.5% to 51.5% within an hour. This significant volatility may be due to breaking news affecting the event.
During Circle's Q2 earnings call, CEO Jeremy Allaire addressed competition from the Open USD consortium, noting that Circle has signed distribution agreements with over 150 companies and often collaborates with Coinbase, citing a recent revenue-sharing deal with Hyperliquid. He added that about 70% of firms expressing interest in such consortium projects are already partners in Circle's network, and announced Visa and Mastercard as key infrastructure partners for Arc.
Participants must submit their information via a form by August 8, 2026, to be eligible for rewards. The verification process ensures fairness and removes fraudulent entries.
The remittance company is introducing Stablecard across 37 markets to facilitate cross-border payments. The card also targets consumers in volatile economies seeking US dollar-denominated savings.
Netmind AI has opened registration for its Agent Arena competition, inviting AI agents such as Codex and Claude Code to participate. The contest requires only URL reading and HTTP requests, with rewards totaling up to $100,000.
Gala Games announced the addition of four new tokens to its decentralized exchange, GalaSwap. The listing expands the GalaChain ecosystem with VR, ZBCN, PLUME, and CRO.
Following the Coldcard exploit, OKX's chief compliance officer noted a surge in deposits from self-custody wallets. The exchange is experiencing record inflows as users move funds from affected hardware wallets.
Baby Doge announced it will host STRAY-vivor Family Day on August 15 at Ayala Malls Manila Bay. The event aims to promote community engagement and pet adoption in the Philippines.
COTI Network will participate in the AI After Dark event on August 6 at 15:00 UTC. The discussion will focus on the role of privacy in artificial intelligence, cryptocurrency, and the digital economy.
Trezor has issued a security alert about an increase in phishing attacks targeting cryptocurrency users. The company advises users to never share recovery seeds and to ignore unsolicited migration instructions.
LBank exchange is hosting a promotional event for the listing of WOOF and QUID1 tokens, with a total prize pool of $20,000. Participants can earn rewards through registration, trading, and referrals, and the event runs until August 8.
AMD announced record quarterly revenue, with net income surging 163% year-over-year. Despite the strong financial results, the company's stock fell 7% in after-hours trading.
Cryptocurrency exchange BloFin will modify tick sizes for several spot trading pairs, effective August 11. The exchange has provided details on its support page for traders to review.
CoinDepo purchased 2,596,794 COINDEPO tokens for $229,006 in its second quarterly buyback. Of these, 2,271,632 tokens have been burned, with 325,162 pending final burn.
Phong Le, CEO of Strategy, stated that regulatory clarity would enable banks to adopt stablecoins and tokenization, which could drive Bitcoin's next significant move. He emphasized the importance of clear legislation in fostering institutional adoption.
LBank is hosting a promotional event for the HOME token, offering a total prize pool of 10,000 USDT. Participants can earn rewards by depositing, trading, and inviting friends, with all tasks required to be completed before the campaign concludes.
According to Gate market data, the S&P 500 index erased its gains after rising 0.7%, while the Dow Jones Industrial Average rose 0.8% and the Nasdaq fell 0.25%.
The global stablecoin orchestration network Borderless.xyz has announced a pilot with Mastercard to enhance trust and compliance in cross-border stablecoin payments using Mastercard Crypto Credential. The pilot will leverage the standardized framework to provide verifiable trust signals, involving participants Infinia, Walapay, and Koywe.
The Web3 investment bank and advisory platform Forgd has made its market maker rankings available on DefiLlama. The rankings evaluate major crypto market makers on standardized metrics such as pricing, market depth, reliability, and execution quality, drawing data from over 500 token projects and 35 market makers.
The international venture capital firm has raised over $350 million in total, including its North American seed fund and special purpose vehicles. The new fund focuses on Series A and B investments, backing startups with global ambitions such as Sequen, Veesion, OatFi, AMI Labs, Tetrix, and Trayd.
Coinbase's Q2 2026 Solana validator report reveals a 6.52% APY, 14 basis points above the network average, and a block skip rate of 0.035%, about a quarter of the network average. The exchange operates 23 validators across 7 countries, using a multi-client architecture and preparing for the Alpenglow consensus upgrade.
Coinbase Markets will halt trading for LSETH-ETH, MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT on August 6, 2026. Five of these pairs are already in limit-only mode.
A wave of sophisticated cyberattacks has targeted several major Wall Street asset managers, including Two Sigma Investments, Citadel, and Point72 Asset Management, according to sources. The attackers attempted to breach information systems, but it remains unclear if any sensitive data was compromised.
Cantor analysts view the Coldcard exploit as a positive for crypto custody providers, while FRNT suggests the breach could push some investors toward bitcoin ETFs.
According to Coinglass data, at 23:34 on August 5, 59.7653 million USDT was transferred from an unknown wallet to Binance. The transaction was detected by monitoring systems.
Lido Finance has initiated an on-chain vote for the NEST automated buyback mechanism, with the main voting window from August 5 to August 8, 14:00 UTC. If approved, the protocol will shift from periodic governance-driven buybacks to a continuous, automated value distribution model, using protocol revenue or controlled liquidity to systematically repurchase LDO tokens.
The Graph's QoS oracle has been offline for over a month, causing the official subgraph to stop resolving new data. The incident affects data indexing and querying services on the network.
According to Catcher Predict, the prediction market Polymarket shows a sharp increase in the probability of Team Liquid winning Game 2 against 1win Essence in the Dota 2 playoffs, rising from 45.5% to 73.5% within an hour. This significant shift may be influenced by sudden news developments.
According to Gate market data, US and Brent crude oil prices continued to decline, with latest quotes at $73.85 and $77.98 per barrel respectively. Spot gold rose to $4,250 per ounce, up 4.24% on the day.
The hackathon, running from August 5 to September 9, offers over $40,000 in prizes. Winners may be adopted as the official marketplace for BNB Agent Studio.
Gregory Mall of Lionsoul Global backtests bitcoin allocations in a 60/40 portfolio across bull, bear, and sideways markets. The analysis compares direct bitcoin holdings, a large-cap basket, and a trend-managed sleeve, highlighting that the method of holding bitcoin can be as crucial as the amount.
Gold prices reached a six-week high, driven by strong demand from China, while US stocks set a fresh S&P 500 record. Bitcoin, however, failed to gain significantly beyond the $64,000 level, trailing the market's positive momentum.
Peter Diamandis, founder of the XPRIZE Foundation and an early investor in SpaceX, stated that the market has yet to find the correct way to value the company. He highlighted SpaceX's ventures in space transportation, Starlink satellite internet, and future lunar and Mars exploration as drivers of long-term growth beyond traditional enterprises.
STRC is trading near $94, up over 30% from its late-June low. Strategy has repurchased $106 million of the preferred stock and maintains an annual dividend yield of 12%.
The company's stock recovered as it built a $4 billion cash reserve and announced a $975 million repurchase program. Bitcoin sales and price stabilization contributed to the rebound.
Circle CEO Jeremy Allaire announced during an earnings call that the agreement with Coinbase has been renewed under existing terms, ensuring USDC remains central across Coinbase's product suite. He also expressed expectations to expand the USDC network through distribution agreements with strategically aligned partners.
According to Binance spot data, COTI fell 18.74% in 24 hours, while VIC rose 14.37% and showed a rebound from lows. Other tokens including ATM, DEXE, LAZIO, HFT, PIVX, ACE, BIO, and COOKIE experienced pullbacks after initial spikes, with 24-hour declines ranging from 5.11% to 11.88%.
Trade.xyz, a perpetual DEX on Hyperliquid, has made its first purchase of HYPE tokens using its HIP-3 revenue. The purchase involved 2,000 HYPE tokens, valued at approximately $108,000.
Ondo Finance has appointed Adam Schlisman, former CFO of Blockchain.com, as its new Chief Financial Officer. Schlisman, who also worked at Monashee Investment Management, will support the company's expansion in tokenized assets and on-chain capital markets.
According to CryptoQuant, large holders of Bitcoin, Ethereum, and XRP increased their balances during recent market weakness. The firm suggests these whales are absorbing supply, potentially indicating a market bottom is near.
A recent entropy flaw in Coldcard hardware wallets has sparked concerns about the security of all hardware wallets. Users are advised to review the details before trusting devices from Ledger, Trezor, or Foundation with their Bitcoin.
Major indices rose at the open, with the Dow up 0.33%, S&P 500 up 0.56%, and Nasdaq up 0.39%. SpaceX fell 10.5% amid concerns over rising AI spending, while AMD dropped 7% on weak Q2 results and outlook; Shopify surged 20%.
Nomura's digital asset subsidiary, Laser Digital, has made an investment in ZIGChain, a blockchain platform focused on onchain private credit. The investment, reportedly in the high single-digit millions, aims to support ZIGChain's expansion in the UAE.
Galaxy Digital reported an $85 million net loss for the second quarter, driven by falling digital asset prices. The company's revenue of $8.7 billion missed Wall Street estimates.
The daily roundup covers key events and trends affecting Bitcoin price, blockchain technology, decentralized finance (DeFi), Web3, and crypto regulation. It provides a concise overview of the latest developments in the crypto space.
Laser Digital, the digital asset arm of Nomura, has made a strategic investment in ZIGChain, a Layer 1 blockchain based in the UAE, to facilitate the on-chain development of private credit markets in the Gulf region, including Sharia-compliant products. The investment amount was not disclosed, but market sources suggest it is in the high single-digit millions. ZIGChain is also collaborating with Standard Chartered and Apex Group on on-chain asset management and private credit infrastructure.
CryptoQuant analyst Darkfost noted that Bitcoin's supply in profit is around 52%, indicating nearly half of holdings are at a loss. Historically, when this ratio falls below 50%, it often marks a critical turning point in bear markets, suggesting the current cycle may be entering its final stage.
Mastercard and Borderless are exploring ways to enhance trust in cross-border stablecoin transfers through Mastercard's Crypto Credential framework. The initiative aims to implement shared identity verification checks for stablecoin transactions.
On-chain data shows a treasury wallet linked to World Liberty Financial, associated with Trump, transferred 170 million WLFI tokens to Binance, valued at approximately $9.17 million. The same wallet had previously sent another 170 million WLFI to the same Binance deposit address 29 days ago, then worth about $10.22 million.
The pilot will test the Mastercard Crypto Credential framework to provide identity verification and compliance support for cross-border stablecoin payments. Borderless CEO Kevin Lehtiniitty noted that compliance is a major barrier to stablecoin scaling, and Mastercard will act as a governance and verification layer without handling funds directly.
Data from Coinglass shows Hyperliquid whale positions total $4.88 billion, with long positions at $2.412 billion (49.43%) and short positions at $2.468 billion (50.57%). Long positions have unrealized losses of $84.14 million, while short positions have unrealized gains of $11.29 million. A notable whale address 0xff84..1d is shorting BTC at $64,202.4 with 40x leverage, currently showing an unrealized loss of $183,200.
The cryptocurrency market continues to react strongly to news headlines, even as institutional participation grows. Analysts suggest that the key advantage lies in analyzing positioning data rather than reacting to the prevailing narrative.
Aethir Claw has introduced AI agents that provide first-line support on Discord and Telegram for DAOs and DeFi protocols. The service ensures round-the-clock community management, reducing the need for human moderators.
Madstrike, a new Web3 game, is now available on MGG Arena. Players can access the game by logging in at onmggareana.com.
A new law in Luxembourg, effective August 8, requires cryptocurrency exchanges to receive cross-institutional fraud alerts alongside banks and payment institutions. The measure aims to prevent fraudsters from quickly moving funds between traditional finance and digital assets.
Bitcoin miner CleanSpark reported production of 586 BTC in July 2026, with an average daily output of 18.91 BTC and a peak daily output of 20.77 BTC. The company's cumulative production for 2026 reached 4,310 BTC by the end of July, and it also signed a $6.6 billion lease for an AI data center.
Galaxy Digital's shares dropped 5% after reporting second-quarter results. The company's Helios data center generated revenue for the first time, with Phase I expected to contribute approximately $80 million per quarter starting in Q3.
GalaSwap, a decentralized exchange on GalaChain, has expanded its trading options by listing WLD, BASED, ADI, and MERL tokens. This move aims to enhance the platform's offerings and provide users with more diverse trading pairs.
Aethir has announced the deployment of its Claw Web3 Community Agent, accessible at agent.aethir.com/ATHCLAWX. The agent is designed to facilitate community engagement within the Web3 ecosystem.
Stani Kulechov, founder of Aave, criticized the draft Ethereum proposal EIP-8361, stating it would negatively impact ETH lending and potentially drive institutions to alternative chains.
Cryptocurrency exchange Tapbit has launched a promotion called 'Wednesday Earn Rewards' offering up to 15% annual percentage yield (APY) on USDT deposits. The initiative aims to encourage users to earn steady returns on their idle assets.
Western Union has introduced the USDPT stablecoin on the Solana blockchain and a Stablecard, allowing users to make payments at over 175 million Visa merchants. The initiative targets more than 40 countries, expanding the reach of stablecoin-based transactions.
Digital Shield Pay has released its source code on GitHub, featuring a non-custodial, multi-chain payment gateway. The platform offers zero fees and direct settlement, aiming to enhance transparency and user control.
EIP-8361 proposes burning an increasing share of validator rewards, reducing issuance-based yields to zero when staking participation reaches 50%. The proposal aims to curb ETH dilution and reduce centralization risks.
Owlto Finance has locked over 42.63 million OWL tokens in staking, offering a 12% annual percentage yield (APY). The staking program is driven by a 50/50 buyback mechanism, which likely supports the token's value.
Kalshi has partnered with compliance firm Comply to help employers monitor employee trades on prediction markets and perpetual futures. This collaboration aims to mitigate insider trading risks.
Websea will launch perpetual trading for TENCENT, a top global asset, with flexible leverage. The trading starts on August 5 at 09:00 UTC.
Broadridge's unified governance platform will be integrated with Kraken's xStocks framework, enabling token holders to participate in shareholder communications and proxy voting. The service leverages Broadridge's proxy voting infrastructure, providing institutional-grade governance, reporting, and auditability.
BeamR has adopted Nvidia's video super-resolution technology to enhance live sports broadcasts. The integration aims to improve the visual experience for viewers.
During an earnings call, Circle CEO Jeremy Allaire stated that the market is moving away from speculative cryptocurrency trading towards an open global digital asset market that supports trading of tokenized stocks, commodities, and other assets.
Google is in discussions to acquire Mechanize, an AI-powered coding assistant startup, in a deal valued at over $1.5 billion. The potential acquisition highlights Google's push to strengthen its AI development tools.
Strategy announced its participation in the Investment America business pledge, contributing $250 annually to Trump Accounts (530A) for each eligible U.S. employee's minor child, with an additional one-time $1,000 match for children born on or after January 1, 2025. President and CEO Phong Le emphasized the initiative's alignment with the company's values, promoting financial education and long-term investment culture.
Eliza Labs founder Shaw Walters announced the closure of the ELIZAOS foundation, stating the token is effectively dead. The token, which once reached a $2.4 billion valuation, has crashed 97% following a lawsuit and rebrand from AI16Z.
