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Andreessen Horowitz founder Marc Andreessen said on the "a16z Crypto Show" that views in the U.S. Congress are shifting as the crypto industry has survived an intense U.S. government regulatory crackdown. Andreessen said some lawmakers see crypto as a meaningful industry after efforts to eliminate it failed. He also stressed the need for a clear, permanent U.S. regulatory framework for crypto, adding that a regulatory vacuum could mainly benefit offshore operators such as FTX and lead to user harm. To help U.S. companies operate responsibly, Andreessen said an institutional foundation such as the CLARITY bill is needed.

Tron recorded $37.78 million in protocol revenue from Aug. 1 to 5, according to Onchain Lens. Daily revenue came to $7 million on Aug. 1, $6.52 million on Aug. 2, $8.14 million on Aug. 3, $7.97 million on Aug. 4 and $8.14 million on Aug. 5. Of that, 87% to 89% came from staking revenue, while 10% to 13% was used for TRX burns. Meanwhile, Tron’s cumulative account total has surpassed 397.08 million and is increasing by about 0.05% a day on average.

Bitcoin lagged even as U.S. stocks surged this month, rising about 2% while the S&P 500’s market capitalization increased by roughly $2.1 trillion, CoinDesk reported. CoinDesk attributed the divergence to an equity rally concentrated in sectors such as AI and semiconductors, which limited any spillover of capital into Bitcoin, while the market waits for fresh catalysts including Federal Reserve rate cuts and clearer regulation. The outlet added that slowing ETF inflows, a decline in stablecoin supply, and recent negative developments in the crypto industry also capped Bitcoin’s gains.

Hong Kong’s Monetary Authority said it would not comment on market rumors about a second round of stablecoin issuer licenses being granted around Oct. 1, according to Cailianshe. The HKMA added it remains open but cautious on whether and when to issue additional licenses, and said no clear direction has been set at this stage. The authority said its current focus is on helping the two licensed institutions prepare their businesses, while any decision on further licenses will take into account whether applicants meet eligibility requirements, market demand, real-world use cases and international regulatory trends.

Hyperliquid burned about $1.28 million worth of HYPE over the past 24 hours, while generating $1.65 million in fees during the same period, according to on-chain analytics firm Onchain Lens. Following the latest burn, cumulative burned supply reached 47.53 million HYPE, worth about $2.68 billion, or roughly 4.75% of the token’s maximum supply of one billion.

JPYC, a yen stablecoin issuer, has raised a total of 6 billion yen ($40 million) in its Series B round, The Block reported. Participants in the round included AZ-COM and Maruwa Gal. JPYC had previously said it raised 2.8 billion yen in the Series B round.

ELIZAOS falls 20% to record low after co-founder says foundation is being dissolved ELIZAOS fell about 20% to an all-time low after Shaw Walters, co-founder of the open-source AI agent operating system, said on X on Aug. 5, "ELIZAOS token is completely over," and the foundation has begun dissolution procedures. Following the announcement, ELIZAOS dropped to $0.000284, while its market capitalization shrank to about $2.15 million.

Grayscale adjusted the composition of its DeFi Fund as part of its second-quarter fund rebalancing. As of Aug. 3, the fund was weighted 34.16% in Uniswap (UNI), 25.44% in Ondo Finance (ONDO), 19.97% in Aave (AAVE), 12.19% in Ethena (ENA), 4.42% in Curve DAO (CRV), and 3.82% in Lido DAO (LDO). In its Smart Contract Fund, Grayscale newly added BNB, bringing its weighting to 31%, while Ethereum (ETH) and Solana (SOL) each accounted for 29%. In its Decentralized AI Fund, Grayscale partially sold NEAR, reducing its weighting to 31%, while the portfolio was adjusted to 29% in Bittensor (TAO), 22% in Render (RENDER), and 18% in Filecoin (FIL).

PowerCompute, formerly LM Funding, said it completed an $18 million debt refinancing backed by 307 BTC. The bitcoin miner said the refinancing replaces an $11 million loan from Galaxy Digital, a $5 million loan used to acquire a 15 MW facility in Oklahoma, and a $2 million loan used to acquire an 11 MW facility in Mississippi.

CryptoQuant said XRP whale investors have continued accumulating during price dips throughout this year. According to CoinDesk, the firm said large XRP spot orders have persisted, although aggressive buying has slowed, leaving the market in a quiet accumulation phase that is closer to base-building than capitulation or a trend reversal.

Coinbase director Wilson Frederick sold 35,068 shares of company stock at an average price of $144.32 per share on Aug. 3, for about $5.06 million, according to a U.S. SEC filing. Following the sale, Frederick’s direct holdings fell to 197,389 shares.

CoinDesk said negotiations are still continuing over provisions related to combating illicit finance, agriculture-related language, and preventing crypto-related conflicts of interest among public officials, and added that the CLARITY Act could still pass in September if those issues are resolved. Against that backdrop, CoinDesk outlined three possible scenarios as the U.S. Senate has yet to decide whether to take up the bill: - extending this week’s session to hold a procedural vote - entering the August recess and revisiting the bill during the September session - failing to advance the bill this year and postponing discussions until after the midterm elections

U.S. spot Ethereum ETFs recorded about $60.8 million in net inflows on Aug. 5, marking a second straight trading day of net inflows, according to Farside Investors. - BlackRock ETHA: +$50.3 million - BlackRock staking ETHB: +$4.9 million - Fidelity FETH: +$2.9 million - Bitwise ETHW: +$1.4 million - 21Shares TETH: +$1.3 million

About $244.4 million in net inflows entered U.S. spot Bitcoin ETFs on Aug. 5, marking a third straight trading day of net inflows, according to Farside Investors. - BlackRock IBIT: +$196.8 million - Fidelity FBTC: +$11.3 million - Bitwise BITB: +$10.6 million - ARK Invest ARKB: +$37.6 million - VanEck HODL: -$14.7 million - Morgan Stanley MSBT: +$2.8 million

Arthur Hayes buys $985K more ENA, bringing 5-day total to $2M BitMEX co-founder Arthur Hayes has bought an additional 10.9 million ENA worth $985,000, according to Lookonchain. Over the past five days, Hayes has purchased a total of 22.64 million ENA worth $2 million.

South Korean crypto exchange Bithumb announced it will temporarily suspend deposits and withdrawals for TAIKO and assets on the Taiko network from 7:00 a.m. UTC today to support a network upgrade.

South Korea’s government plans to strengthen asset reviews of high-ranking public officials’ cryptocurrency holdings and unlisted stocks, while also disclosing the names and holding amounts of single-stock ETFs to improve transparency in public officials’ asset declarations, News1 reported. South Korea’s Ministry of Personnel Management reported the plan, outlined in its major policy agenda for the second half of 2026, to President Lee Jae-myung at the presidential office on Aug. 5. For virtual assets, authorities plan to secure transaction records at an earlier stage and focus reviews on cases suspected of involving overseas trading or transactions under borrowed names.

South Korean crypto exchange Coinone is likely to extend its real-name account partnership with KakaoBank for another year, as discussions on renewing their won deposit and withdrawal account tie-up are being finalized, Edaily reported. KakaoBank has been reviewing a one-year extension of the partnership, which expires in mid-August, after completing an on-site inspection of Coinone in May. Coinone has renewed the contract since switching its partner bank from NH NongHyup Bank to KakaoBank in November 2022.

South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals for TAIKO and assets on the Taiko network starting at 11:00 a.m. UTC today to support a Taiko network upgrade.

Crypto market maker GSR said its GSR Crypto Core3 model portfolio was composed of 44.1% ETH, 36.5% SOL and 19.3% BTC as of Aug. 5, local time. Year to date, BTC, ETH and SOL have fallen 24.82%, 35.49% and 40.21%, respectively, while the model portfolio posted a one-year return of -57.78%. GSR said it increased BTC exposure and reduced ETH exposure as trading volume and volatility slowed.

Four newly created anonymous addresses withdrew 1,540 BTC worth $99.4 million from Galaxy Digital and BitGo over the past three hours, according to Lookonchain. Exchange outflows are typically interpreted as a sign of holding intent.

Upbit announced the addition of CAP to its KRW, BTC and USDT trading pairs at 5:00 a.m. UTC on Aug. 6.

An Ethereum Foundation grant address deposited 2.675 ETH worth $5,070 to Kraken and transferred 578.38 ETH worth $1.08 million to a Gnosis Safe wallet about 12 hours ago, according to Lookonchain.

Nate Geraci, CEO of wealth manager Novadius Wealth Management, said the controversy surrounding the CLARITY bill shows the crypto industry needs to do more on education. Geraci said many politicians, major financial institutions and mainstream media outlets do not properly understand the nature of cryptocurrency, or may understand it but still see it as a threat, adding that education would help address the issue either way. Meanwhile, processing of the CLARITY bill remains delayed even after the White House reached agreement on an ethics provision.

MoonPay said on Aug. 5 it integrated the TRX network into its transaction infrastructure, adding support for Tron’s gasless transactions. Users can now complete transactions on the Tron network without holding TRX, which the company said will simplify Tron-based stablecoin transactions and make on-chain payments easier.