Grayscale says onchain vaults could become the next crypto product to gain broad adoption in traditional finance. The structures resemble collateralized loan obligations but use smart contracts to manage assets and distribute returns.

Federal prosecutors allege the chief executive of a cross-border currency exchange business converted $750,000 into cryptocurrency for undercover agents before arranging payments tied to an alleged murder-for-hire plot. Authorities also claim the executive sent 25,000 USDT as part of the final payment after agents staged the victim’s killing.

An attacker exploited weak seeds generated by certain Coldcard hardware wallets to steal bitcoin worth roughly tens of millions from hundreds of addresses on July 30.

Chainalysis found that the Coldcard attacker stole roughly $30 million within 10 minutes after prioritizing the largest wallets. The $38 million-plus sweep reached 500 wallets and exposed lasting risks for seeds created on vulnerable firmware.

Stand With Crypto claims advocates have contacted lawmakers one million times with seven days remaining before the August recess, while federal and state officials raise competing concerns over fraud protections, enforcement authority, and presidential conflicts.

Bitcoin fell nearly $3,000 on July 31, dropping to an intraday low of $62,369 and slashing its monthly gain from 10% to 4.5%. Market capitalization fell from $1.3 trillion to $1.26 trillion.

The largest stablecoin company reported a $446 million market capitalization increase despite a general market slowdown in Q2. While most of USDT’s collateral is still comprised of U.S. Treasury bills, the company grew its gold stash by 14 tons of physical gold, with a net revenue of $1.5 billion.

Shares of Strategy Inc. fell about 7% after the company released second-quarter earnings, while Peter Schiff argued that its STRC financing priorities increasingly disadvantage MSTR shareholders. The dispute highlights competing views over preferred-stock stability, bitcoin reserves, and common-stock value.

Bitcoin ETFs attracted $233.13 million on Thursday, extending their recovery to a second straight session. Ether, XRP, and solana funds also finished in positive territory, while HYPE ETFs recorded no net flows.

The limited trust charter received adds to the OCC approval to establish a National Trust Bank, positioning Circle as one of the most regulated stablecoin issuers in the cryptocurrency ecosystem. Circle was the first company to receive a New York BitLicense in 2015.

The lawsuit alleges that Kalshi acted as an unlicensed gambling operator, stressing that prediction markets meet the legal definition of gambling as the outcomes of event contracts “are uncertain and outside the control of the bettor or hinge on a game of chance.”

Coinbase Global (Nasdaq: COIN) captured an all-time-high 10.3% share of global crypto trading volume in the second quarter, even as the exchange posted a $359 million net loss on revenue that missed Wall Street estimates.

Strategy Inc. (Nasdaq: MSTR) posted an $8.22 billion quarterly loss as bitcoin’s price slide erased last year’s $14 billion gain. Regardless, the firm grew its BTC stack 11% to 843,775 coins but kept selling to fund shareholder payouts.

Sen. Cynthia Lummis (R-WY) said the current U.S. regulatory framework for digital assets “is not working” for the industry, consumers or law enforcement, pressing the Senate to pass the CLARITY Act before its August recess.

Coinbase’s Base network is defending its position as an onchain distributi