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U.S. Democratic Sen. Elizabeth Warren said the U.S. government needs to explain why it eased AI semiconductor export policy toward the United Arab Emirates after World Liberty Financial, or WLFI, received investment from the UAE, Cointelegraph reported. Warren said WLFI received a $500 million investment in January from an Abu Dhabi-based company, while UAE-linked firm MGX deployed a $2 billion investment in Binance using WLFI stablecoin USD1. Warren added that the U.S. Commerce Department later allowed exports of high-performance semiconductors to the UAE and indicated it would give favorable treatment to MGX license applications. Warren argued President Donald Trump’s business interests in crypto are affecting government agencies and even national security, and said the matter requires an investigation.

Payward, the parent company of U.S. exchange Kraken, is moving to give voting rights to holders of tokenized stocks on its xStocks platform, The Block reported. Holders of stock tokens on xStocks had not had voting rights, unlike spot shareholders, but recent cooperation with brokerage services firm Broadridge has opened the door to providing those rights. xStocks recently surpassed $25 billion in cumulative trading volume and plans to expand the service into global markets including the UK, Europe and South Korea.

Domestic crypto trading volume fell last month to its lowest level since October 2020, according to a Business Watch report. Combined trading volume at South Korea’s five largest exchanges — Upbit, Bithumb, Coinone, Korbit and Gopax — totaled $28.77 billion (41.0649 trillion won) last month, Business Watch said. Volume has declined for five straight months from $85.5 billion in February, with last month’s figure down about 39% from the previous month. The report cited weaker investor sentiment amid falling cryptocurrency prices as the main reason for the decline, while also pointing to capital flows into South Korea’s stock market and overseas exchanges. By exchange, South Korean exchange Upbit accounted for 63.85% of the total with $18.37 billion in volume, while Bithumb made up 29.44% with $8.47 billion.

Chainlink saw 1.26 million LINK worth $10.3 million withdrawn from exchanges over the past 24 hours, the largest such outflow since June 29, according to Santiment. Exchange withdrawals are typically interpreted as holdings moving into custody rather than toward sale, easing selling pressure. Santiment said the timing was notable as the Depository Trust & Clearing Corporation included Chainlink last month among technology providers, starting related processing, while institutional networks including Canton and Robinhood Chain have been expanding support for Chainlink's CCIP.

Coldcard hackers are attempting to launder stolen Bitcoin, but the transfers remain visible on-chain, Bitcoin News reported. The 1,159 BTC stolen in the Coldcard hack has effectively been frozen and not converted into cash, although a hacker who took about 64 BTC moved the funds to a mixing protocol. Of that amount, 10 BTC was mixed first, while the remaining 54 BTC was split into 7 BTC chunks and is undergoing additional mixing steps. Because Bitcoin consists of unspent transaction outputs, or UTXOs, moving funds in smaller increments makes them harder to trace. Bitcoin News added, "At this scale, unusually large transfers are not difficult to track. The laundering attempt is unfolding in a relatively transparent manner."

Uniswap’s UNI-backed launchpad pools.trade minted around 6,000 tokens on its first day on Robinhood Chain, outpacing daily issuance on existing launchpads including Pons, Flap and Bankr, according to Entropy Advisors.

According to CoinNess market monitoring, BTC has risen above $65,000. BTC is trading at $65,015.53 on the Binance USDT market.

Citigroup has begun hiring a director for digital asset client solutions, Cointelegraph reported. The role will oversee digital asset products for institutional investors, including crypto custody, tokenized assets, tokenized cash and digital collateral.

The three major U.S. stock indices closed mixed today. - S&P 500: -0.17% - Nasdaq: -0.83% - Dow Jones: +0.49%

Bitcoin, Ethereum and XRP whales are accumulating during the price downturn, signaling the bear market may be entering its final stage, according to CryptoQuant. CryptoQuant added prices could still fall further before a bottom is confirmed.

Bitcoin appears to be building a bottom amid a dull sideways trading range, The Block reported. According to the media outlet, U.S. spot Bitcoin ETFs saw $211 million in net inflows on Aug. 4, local time, yet BTC showed little price reaction. Analysts interpreted the divergence not as a sign the market is preparing for a decline, but as an extremely compressed phase awaiting direction. Wintermute analyst Jasper De Maere emphasized, "비트코인이 단기간 내 6.5만 달러를 확실하게 돌파해야만 현재의 회복 시나리오가 유효하다고 볼 수 있다".

U.S. Republican Sen. Rick Scott called for passage of the CLARITY Act. In an interview with Fox Business, Scott said he had worked very hard for the CLARITY Act and stressed that senators needed to keep meeting and find a way to get it done.

A Michigan incumbent backed by major crypto industry spending lost a Democratic primary, Cointelegraph reported. In Michigan’s 13th Congressional District Democratic primary, progressive candidate Donovan McKinney won with 51.9% of the vote, defeating two-term Rep. Shri Thanedar. Thanedar had received more than $2 million in media ad support from a super PAC backed by Coinbase and Ripple, tied to his pro-crypto legislative record. McKinney drew voter support after strongly criticizing the crypto industry’s financial clout as "corporate-interest lobbying," according to the report.

U.S. Republican Sen. Josh Hawley said he would vote against the Clarity bill in its current form, Politico reported. Hawley cited concerns from the financial sector that reward programs tied to stablecoins and exchange deposits could draw deposits away from local community banks, and called for a new provision imposing strict limits on reward offerings by virtual asset platforms.

The market capitalization of Solana-based tokenized gold has surged 689% since August 2025, far outpacing growth on rival L1 networks including Ethereum, BNB Chain and Avalanche, according to on-chain data provider Birdeye. Birdeye said Solana’s low transaction fees and fast finality have helped significantly expand on-chain liquidity and DeFi collateral use for major gold-linked tokens such as PAXG and XAUT across the Solana ecosystem.

Coinbase said it is staking 41.63 million SOL, equal to 9.72% of all SOL staked across the Solana network in the second quarter. According to Coinbase’s second-quarter Solana validator operations report, the exchange currently operates 23 validator nodes distributed across seven countries and regions, including the U.S., the UK, Germany, Japan and Singapore.

Analysts said the Coldcard hack could provide a positive signal for some crypto-related stocks and demand for spot Bitcoin ETFs. According to CoinDesk, Wall Street investment bank Cantor Fitzgerald said the incident could prompt Coldcard users to shift to asset management service providers, potentially driving customer inflows and revenue growth for firms including Robinhood (HOOD), Coinbase (COIN), BitGo (BTGO), Bullish (BLSH), eToro (ETOR), and Gemini (GEMI). FRNT Financial, an institutional crypto platform, said the episode highlighted both the strengths and weaknesses of self-custody, and added the Bitcoin community had reacted with grief. For investors unwilling to take on the risks of managing private keys, spot Bitcoin ETFs could emerge as a more attractive alternative, FRNT Financial said.

Coinbase said it will halt trading support for six trading pairs as part of efforts to improve market health and strengthen liquidity. Trading for the LSETH/ETH, MINA/EUR, GRT/GBP, MASK/GBP, CHZ/USDT and CRO/USDT pairs will be suspended starting today.

U.S. Senate majority leader John Thune described the push to pass major bills before Congress begins its August recess as "완전히 아수라장," according to NBC News reporter Frank Thorp.

Bitmine (BMNR) Chairman Tom Lee said quantum computers could break Bitcoin between 2028 and 2029, according to U.Today. Citing Google research, Lee reproduced the English-language warning that "현대 컴퓨팅 기술이 비트코인의 기존 보호 장치를 무용지물로 만들 수 있다. 그러나 암호화폐 커뮤니티는 아직 통일된 구제책을 마련하지 못하고 있다" and said Lee believes Ethereum and Solana are much better protected against that risk.

Sequans Communications, a Nasdaq-listed semiconductor company, sold 1,200 BTC in the second quarter, cutting its holdings 79.3% to 314 BTC as of June 30 from 1,514 BTC as of March 31, CryptoSlate reported. The move was part of a strategy to repay convertible debt and raise cash, and the company announced on May 28 that it had completed the debt repayment through Bitcoin sales.

U.S. Sen. Cynthia Lummis said the White House had agreed to an unprecedented level of ethics provisions for the CLARITY Act and strongly warned that if the bill ultimately fails to pass, Democrats refusing to negotiate would bear responsibility. Lummis also pointed to delays in advancing the bill despite the agreement with the administration.

The U.S. Department of Justice has charged Taj Tarsha, founder of NFT marketplace Few and Far, with securities fraud and wire fraud. Prosecutors said Tarsha raised investment funds through false statements and used part of the money for personal purposes including gambling and luxury spending. According to the indictment, after an internal audit in 2023 flagged irregular use of funds, Tarsha falsely told investors the money was needed for project development and made it appear the company was still operating. As a result, project development was effectively halted. Tarsha was arrested on June 6, and the case is set to be heard in the U.S. District Court for the Southern District of New York.

Coinbase announced via X that its services are available in a range of countries and regions, including Albania, Andorra, Angola, Argentina, Armenia, Australia, Azerbaijan, the Bahamas, Bahrain, Barbados, Belgium, Benin, Bolivia, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Cameroon, Canada, Chile, Colombia, Costa Rica, Croatia, Cyprus, the Czech Republic, Denmark, the Dominican Republic, Ecuador, El Salvador, Estonia, Finland, France, Georgia, Germany, Ghana, Gibraltar, Greece, Guatemala, Guernsey, Honduras, Hong Kong, Hungary, Iceland, India, Ireland, the Isle of Man, Italy, Jamaica, Jersey, Jordan, Kazakhstan, Kenya, Kuwait, Kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxembourg, the Maldives, Malta, Mauritius, Mexico, Monaco, Mongolia, Montenegro, Namibia, Nepal, the Netherlands, New Zealand, Nicaragua, Nigeria, Norway, Oman, Pakistan, Panama, Paraguay, Peru, the Philippines, Poland, Portugal, Romania, Rwanda, San Marino, Serbia, Singapore, Slovakia, Slovenia, South Africa, Sri Lanka, Sweden, Switzerland, Taiwan, Togo, Trinidad and Tobago, Tunisia, Türkiye, Uganda, Ukraine, the United Arab Emirates, the UK, the U.S., Uruguay, Uzbekistan, Venezuela and Zambia.

Strategy’s preferred stock STRC has risen more than 30% from its June low and was trading at around $94, CoinDesk reported. CoinDesk said Strategy’s ability to pay dividends has been strengthened through Bitcoin sales and a $4 billion U.S. dollar reserve, while STRC’s annual dividend rate has been maintained at 12%. CoinDesk added that Bitcoin holding steady above $60,000 has also been a positive factor.