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South Korean exchange Upbit announced the addition of Gravity Token (GRVT) for KRW, BTC and USDT trading at 8:00 a.m. UTC on Aug. 5.

Proof Of Play, a Web3 game developer backed by a16z, is shutting down after failing to build a sustainable product and business model, Wu Blockchain reported. The Pirate Nation Foundation will continue operating independently and will keep supporting the PIRATE token. Another game, Shiba Story Go!, is expected to be acquired by a third party and run independently.

U.S. President Donald Trump said the issue involving Iran would be resolved within 48 hours.

U.S. spot Ethereum ETFs see $53.1M net inflow after one-day outflow U.S. spot Ethereum ETFs recorded about $53.1 million in net inflows on Aug. 4, reversing to a net inflow after one trading day, according to Farside Investors. - BlackRock ETHA: +$42.5 million - Fidelity FETH: +$9.3 million

U.S. spot Bitcoin ETFs recorded net inflows of about $211.5 million on Aug. 4, marking a second straight trading day of net inflows, according to Farside Investors. - BlackRock IBIT: +$170.3 million - Fidelity FBTC: +$19.6 million

Bithumb announced the temporary suspension of MEV deposits and withdrawals starting at 3:40 a.m. UTC today to support the MeVerse (MEV) network upgrade.

Uniswap teased the launch of pools.trade, a token issuance platform based on Robinhood Chain, which is scheduled to go live at 4:00 p.m. UTC on Aug. 5.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $43.19 million liquidated (86.41% shorts) - ETH: $16.79 million liquidated (63.99% shorts) - SPCX: $14.07 million liquidated (56.47% shorts)

Euro-denominated stablecoins topped $810 million in total market capitalization as of Aug. 5, with Circle’s EURC leading the market at a 65% share, according to blockchain data platform Token Terminal. EURCV, issued by SG-Forge, a subsidiary of major French bank Societe Generale, ranked second with a 16.7% market share. The remaining 23 assets accounted for 18.3% of total market capitalization. Euro stablecoins are currently circulating across 20 blockchains, with Ethereum accounting for the largest share at 69.5%, followed by Solana at 15.1% and Base at 7.2%.

Bitcoin miner MARA, which holds 36,303 BTC, transferred 6,000 BTC to Two Prime over the past five hours, according to Lookonchain. The move does not necessarily indicate selling and may have been for asset management purposes. Two Prime is an investment advisory firm that provides institutional clients with Bitcoin strategy, collateralized lending and capital markets trading services.

Senate Majority Leader John Thune has not yet filed a cloture motion to begin Senate consideration of the Clarity Act, Eleanor Terrett reported, as delays in handling a stopgap funding bill have pushed back the chamber’s procedural schedule. Once those procedural hurdles tied to the temporary budget measure are cleared, Thune is expected to file the cloture motion as early as Aug. 6, according to the report. Support for the vote threshold of at least 60 senators has not yet been firmly secured, while disagreements over the bill’s provisions persist across party lines and within factions.

The U.S., Iran and Oman are nearing a temporary agreement to reopen the Strait of Hormuz, Axios reported, citing sources. The U.S. plans to officially announce the deal on Aug. 6, according to the report. The preliminary agreement is expected to reflect some of Iran’s demands over transit jurisdiction in the strait that Iran did not hold before the war. The agreement under discussion would establish a 60-day temporary arrangement in the Strait of Hormuz, with the option to extend it, according to two regional sources.

Blockchain analytics firm Lookonchain said Strategy moved 1,030 BTC about two hours ago, raising the possibility of additional selling.

Hyperion DeFi (Nasdaq: HYPD), a DAT company that strategically accumulates Hyperliquid (HYPE), has unstaked 519,480 HYPE from two wallets, worth $28.56 million, according to Onchain Lens.

Bitwise CIO Matt Hougan said the crypto industry will continue to grow even if the CLARITY bill does not pass before the U.S. Congress begins its August recess, according to The Block. Hougan added the U.S. SEC could introduce rules that are even more crypto-friendly than CLARITY.

BitMEX founder Arthur Hayes said Bitcoin could surge past $1 million if an AI bubble bursts around 2028. Hayes argued the core of the AI bubble is a real estate and credit bubble, saying AI data center construction is effectively a real estate development business. He said the AI bubble expected between 2026 and 2028 could resemble a 2008-style credit collapse, with financial institutions coming under pressure as loans tied to data centers and power grids turn sour. Hayes added Bitcoin has fallen as liquidity flowed into the AI sector, but said BTC is now building a bottom in the $60,000-$70,000 range and, even under extreme downside risk, would likely fall only toward $50,000. He also said the U.S. government would print more dollars than it did during the 2008 financial crisis to rescue AI companies and banks if the bubble starts to collapse, arguing Bitcoin would act as the capital market’s fire alarm by signaling currency debasement and capital misallocation before surging above $1 million.

Ethereum staking has climbed to a record 41.4 million ETH, raising the risk of tighter market liquidity and sharper price volatility, AMBCrypto reported, citing ValidatorQueue data. About 34% of Ethereum’s total supply is now staked, and more than 1.4 million ETH has been added to staking over the past week alone. The Ethereum Foundation is currently pursuing a plan to cap the staking share at 50%, under which rewards would no longer be paid once the staking ratio rises above 50%.

Chainalysis estimated that 25% of the Bitcoin stolen in the Coldcard hardware wallet hack came from holders in Canada. More than $100 million in losses have been reported so far, and Galaxy Research had previously estimated the total damage could reach as much as 2,055 BTC.

Coinbase Chief Policy Officer Faryar Shirzad criticized a Wall Street Journal editorial on the CLARITY Act as lacking support, saying on X the piece repeated banking-sector arguments and misstated issues related to stablecoins and DeFi. Shirzad said stablecoin rewards under the CLARITY Act would face multiple restrictions and be tied to user activity. Shirzad added there is no evidence to support claims that stablecoins would drive deposit outflows from banks, and said three independent studies, including a report by the White House Council of Economic Advisers, had examined the issue. Shirzad said stablecoins and bank deposits have grown together for years. Shirzad also said the CLARITY Act would not grant criminal immunity to DeFi. Instead, the bill would draw a clear line between writing code and acting as a financial intermediary, while fraud, sanctions violations and money laundering would remain punishable. Shirzad urged the Senate to pass the CLARITY Act, saying the U.S. needs durable federal-level regulation.

An anonymous whale address beginning with 0xff84 opened a $102.63 million Bitcoin short position on decentralized perpetual futures exchange Hyperliquid (HYPE), according to Lookonchain. The address deposited 2.44 million USDC into Hyperliquid to open a 1,600 BTC short position worth about $102.6 million with 40x leverage. The entry price was $64,202.4, and the liquidation price was $64,888.97. Meanwhile, BTC was trading at $64,013.71, up 1.1%, according to CoinMarketCap.

CoinMarketCap’s Altcoin Season Index stood at 45, down seven points from yesterday. The index is calculated by comparing the price performance of Bitcoin with that of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins. A reading is considered altcoin season when 75% of those top 100 coins have outperformed Bitcoin over the past 90 days; otherwise, it is considered Bitcoin season. The closer the index is to 100, the stronger the altcoin-season signal.

Russian President Vladimir Putin has signed a bill bringing the cryptocurrency market into the regulatory fold, local outlet TASS reported. The law sets out rules for crypto exchanges, custodians, mining, and the issuance and circulation of digital financial assets, or DFA, with key provisions taking effect on Sept. 1. It also mandates registration for crypto trading operators, which must join a self-regulatory organization, or SRO, and maintain at least 15 million rubles ($187,339) in minimum capital. However, operators will be allowed to continue doing business without registration until July 1, 2027. Under the law, retail investors will be allowed to buy only highly liquid cryptocurrencies through intermediaries, with an annual limit of 300,000 rubles ($3,700) per firm, while qualified investors will be able to trade without restrictions. Advertising cryptocurrencies or using them as a means of payment for goods and services will remain banned, though exceptions will be allowed for foreign trade settlements and the use of crypto obtained through mining. Banks will also be required to block fund transfers suspected of involving unlicensed crypto trading operators.

The DATA Network Foundation said on its official X account it will extend the lockup period for team, investor and insider-held tokens by an additional 18 months. As a result, part of the supply that had been scheduled to unlock on Aug. 13, 2026 will now unlock on Feb. 13, 2028. Total token supply, individual allocations, vesting terms and legal ownership remain unchanged. In February, the Story Foundation announced a six-month delay to all IP token unlock dates.

Nigeria has approved trading in blockchain-based stock tokens, Bloomberg reported. Companies will be able to issue and trade stock tokens through NASD, Nigeria’s over-the-counter market. NASD said it plans to begin offering the service in early September after receiving approval from the Nigerian SEC. Nigerian authorities also approved NASD in 2023 to develop digital tokens backed by real-world assets.

Cardone Capital’s Bitcoin holdings have surpassed 2,800 BTC, founder Grant Cardone said on X. According to Cardone, the U.S. real estate investment firm acquired a 282-unit apartment property in Naples, Florida, under a hybrid strategy of holding both BTC and real estate. Following the acquisition, the company’s total housing holdings exceeded around 15,000 units and assets under management topped $5.4 billion. Cardone Capital bought 350 BTC yesterday.