CMC Updates

JPMorgan warns that falling odds of the CLARITY Act passing Senate this year are a setback for crypto; prediction markets price a 37% chance of passage before year-end.

Hyperscale Data sold ~100 BTC from its $71M treasury and secured a BTC-backed credit line to fund a Michigan AI campus tied to a contract that could exceed $3B.

Seoul police say a fake staking site running for just 8 days in Oct. 2025 took 3.4M XRP from 71 investors. Wallet traces suggest total losses could reach $18.8M.

CME Group CEO Terry Duffy warns traders using Section 1256 tax treatment for perps could face IRS exposure if courts rule the contracts are swaps, not futures.

Samsung SDS confirmed talks with Dunamu on stablecoin infrastructure and AI payment models, weeks after Samsung Electronics added stablecoin support to Samsung Wallet.

A policy report from Hashed Open Research and the Solana Policy Institute urges South Korea to phase in stablecoin rules before its Digital Asset Basic Act is passed.

Japanese game dev Gumi is launching an $18.3M crypto fund with SBI Financial Services, backed by Daiwa Securities Group, targeting BTC and major altcoins.

Robinhood hit $1.31B in Q2 revenue and $573M in net income, but crypto transaction revenue slid 38% YoY to $100M even as total crypto volume reached $40B.

Bitcoin fell to $63,890, and Ethereum dropped to just above $1,900 after the Fed held rates at 3.5%-3.75%, with 3 members dissenting in favor of an immediate hike.

MoonPay has launched PayBox, an AI payment vault letting ChatGPT and Claude users buy crypto, swap tokens, and bridge assets while keeping custody of their funds.

Anthropic's Claude Mythos Preview identified a weakness in HAWK, a post-quantum encryption candidate, and improved attacks on reduced-round AES, in roughly 60 hours of work.

K33 says July BTC spot volume is averaging just $2.2B daily, its lowest since Nov. 2023, as CME open interest, perp activity, and funding rates all stay subdued.

Trade.xyz will reimburse traders liquidated after its SK Hynix perp crashed 19% in minutes on July 27, blaming a single trade on a thin Korean pre-market venue.

Binance launched USDT-settled gold & silver options via its ADGM-regulated Nest Exchange after commodity perps peaked at $7.77B and $7.27B in daily volume.

Ark Invest purchased $12.2M in SpaceX shares on July 28 while selling positions in Block Inc, Bullish, and Robinhood as part of its routine ETF rebalancing activity.

Blockaid recorded more crypto exploit incidents in H1 2026 than in all of 2025, with DPRK-linked hackers responsible for nearly $600M of the $1B+ in total losses.

Tether and Kenya's Nairobi Securities Exchange signed an MoU on July 28 to assess tokenized securities, blockchain settlement infrastructure, and digital asset education.

Zcash miner Fortitude launched its first self-built 12 MW facility in Nebraska, targeting a drop in direct ZEC mining costs from ~$70 to ~$40 per coin.