Latest Crypto News & Market Updates

Clarity Act sits idle over Trump ethics question as Warren asks SEC to investigate him

Spokespeople for the White House didnt immediately respond to CoinDesks questions about its current stance.　　If a new agreement isnt quickly struck that can convince as many as 10 Democrats to support the bill, Senate Majority Leader John Thunes plan to begin the Senate voting process for the Clarity Act this week could lead to a fatal defeat.　　Senator Warren, a Massachusetts Democrat, is the top minority-party member of the Senate Banking Committee, though shes been outside of the negotiations over the Clarity Act that shes steadily opposed. If Democrats get the electoral bump theyre anticipating in this years midterm congressional elections, theres a narrow chance for her party to return to the majority in the Senate. If so, Warren would likely run the banking committee, which oversees the SEC and has a hand in most crypto legislation.　　“The SEC must be willing to enforce the law even when potential wrongdoers include those with powerful political connections,” she and Blumenthal wrote in the letter.

08-05Industry

Hashdex to Shut Down Bitcoin ETF After Struggling to Gain Assets

In briefHashdex will close and liquidate its Bitcoin ETF, which manages about $14.7 million.Trading ends Aug. 17, with cash distributions expected around Aug. 28.The closure follows more than two years of fierce competition in the U.S. spot Bitcoin ETF market.　　Hashdex is shutting down its U.S. spot Bitcoin exchange-traded fund after it amassed just $14.7 million in assets under management.　　According to a filing with the U.S. Securities and Exchange Commission on Monday, the crypto asset managers Hashdex Bitcoin ETF (NYSE Arca: DEFI) will stop trading after the market closes on Aug. 17 before being delisted. Shareholders who still own the fund at that point are expected to receive cash distributions on or about Aug. 28 after the fund sells its remaining Bitcoin holdings.　　“Following the Last Trading Day, the Fund will liquidate its remaining Bitcoin holdings,” the filing said. “The Fund will no longer pursue its stated investment objective and will not engage in any business activities other than winding up its business and affairs, preserving the value of its assets, paying its liabilities, and distributing its remaining assets to shareholders.”　　Hashdex said it evaluated factors including assets under management, trading liquidity, operating costs, investor interest, and how the fund fit within its

08-05Industry

Polymarket targets $20 billion valuation as competition heats up in prediction market sector

SummaryPolymarket is reportedly pursuing another funding round at a $20 billion valuation.CEO Shayne Coplan says the platform aims to become an information market, not simply a betting venue.Coinbase, Robinhood and rival Kalshi are expanding the prediction markets sector.　　Blockchain-based prediction markets platform Polymarket is looking to raise fresh capital at a $20 billion valuation, Bloomberg reported Tuesday, citing people familiar with the matter.　　According to the person, the company closed a funding round at a $15 billion valuation in April which included a $600 million investment from the Intercontinental Exchange, the owner of the New York Stock Exchange.　　In June, Polymarket told CNBC that its annualized revenue had climbed well above $1 billion even after the platform saw a decline in trading volumes in April and May which were offset by record highs during the World Cup.　　Polymarket founder and CEO Shayne Coplan has long argued Polymarket should be viewed as an information platform rather than a betting site. In a March appearance, he said prediction markets let people “put your money where your mouth is” when they disagree with consensus, describing the platform as “a very useful thermometer of the world” that helps people assess the likelihood of future events. He also said

08-05Industry

ARK Invest buys $9.4M in Coinbase and Circle stock

Cathie Woods ARK Invest bought about $9.4 million worth of Coinbase and Circle shares on Aug. 3 as the U.S. Senate considered its next steps on the CLARITY Act.　　SummaryARK Invest purchased 54,776 Coinbase shares worth about $8.02 millionacross three ETFs.Two ARK funds added 23,070 Circle shares valued at roughly $1.39 million.Coinbase rebounded to $149.12, but bearish momentum and resistance near $157 remain.Senate leaders have listed the CLARITY Act as a priority, though no floor vote is scheduled.　　ARK Invest adds $8 million in Coinbase shares　　ARK Invest spread its Coinbase purchase across three exchange-traded funds, according to the firms latest trade disclosure.　　The ARK Innovation ETF bought 38,761 Coinbase shares, making it the largest buyer among the three funds. Based on Coinbases Aug. 3 closing price of $146.50, the transaction was worth approximately $5.68 million.　　ARKs Next Generation Internet ETF added another 11,133 shares valued at about $1.63 million. The ARK Fintech Innovation ETF purchased 4,882 shares worth roughly $715,000.　　You might also like:　　ARK Invest buys $40M in Tesla, SpaceX, and Nvidia during market rout　　Combined, the three ETFs acquired 54,776 Coinbase shares for approximately $8.02 million.　　Coinbase closed the Aug. 3 session 0.16% higher. The purchase expanded ARKs exposure to one of the largest publicly traded

08-04Industry

Dinari launches tokenized S&P 500 stocks for US self-custody wallets using USDC

Quick TakeThe firm says its the first to let U.S. investors trade over 700 tokenized stocks with USDC in self-custody wallets, thanks in part to a partnership with Circle.Dinaris tokenized equities, called dShares, are backed by a corresponding security held in custody, it said.The company said the market for tokenized stocks could prove limited, making it harder to “sell at a desired time or price.”　　Dinari said Tuesday it has become the first company to allow eligible U.S. investors to trade over 700 tokenized stocks using USDC through self-custody wallets.　　Through a partnership with Circle, U.S. individuals and businesses can buy and sell every stock in the S&P 500 directly onchain, the firm said.　　“For decades, investing and digital assets have existed in separate financial systems,” Dinari co-founder and CEO Gabriel Otte said in a statement. “This launch brings them together, allowing investors to move seamlessly between stablecoins and U.S. equities while preserving the protections of traditional capital markets.”　　Dinaris tokenized equities, called dShares, are each backed by a corresponding underlying security held in qualified custody, the firm said. The company warned that markets for tokenized securities may be limited, potentially making them harder to sell at a desired time or price.　　Tokenizing equities has

08-04Industry

BitGo moves $7.4 billion Wrapped Bitcoins to Chainlink CCIP in latest LayerZero exodus

Quick TakeBitGo is migrating its $7.4 billion worth of WBTC — the largest wrapped bitcoin token — from LayerZero to Chainlinks CCIP as its exclusive cross-chain standard.The switch pushes the total value migrating from LayerZero to Chainlink near $15 billion and sets CCIP as the default for all future BitGo-issued assets.　　BitGo is switching Wrapped Bitcoin (WBTC) — an asset with a current $7.4 billion market cap — to Chainlinks CCIP cross-chain standard, joining a broader shift away from LayerZero after the $292 million KelpDAO bridge exploit earlier this year, according to an announcement on Tuesday.　　“BitGo has long been built around a simple principle: security comes first,” BitGo CEO Mike Belshe said in a statement. “As we expand support for BitGo-issued assets across more chains, Chainlink CCIP gives us a proven, institutionally adopted interoperability standard that aligns with the controls, reliability, and risk management our clients expect from BitGo. ”　　The company has also said it will exclusively use CCIP as its inter-blockchain solution for all “future BitGo-issued assets” going forward. WBTC was previously the largest asset using LayerZeros OFT standard.　　Dozens of projects have switched to Chainlink in recent months, including other wrapped bitcoins like Kraken‘s kBTC and the Bitcoin-centric DeFi platform

08-04Industry

Bitcoins $63,000 zone emerges as key battleground for buyers: Glassnode

SummaryRoughly 515,000 BTC, more than 3% of the circulating supply, is concentrated around the $63,000 price level.All wallet cohorts are accumulating, with retail investors and whales holding at least 1,000 BTC showing the strongest buying activity.　　Bitcoin has traded between $60,000 and $67,000 for several weeks, making $63,000 one of the most heavily supplied price areas. The only larger concentration sits between $78,000 and $82,000, where bitcoin topped out in May.　　Glassnode‘s Entity-Adjusted UTXO Realized Price Distribution (URPD) shows how much bitcoin supply last moved within each price band, with each entity’s balance assigned to its average acquisition price. More than 3% of the supply, approximately 515,000 BTC, is concentrated around $63,000, while more than 2%, or roughly 362,000 BTC, sits around $61,000.　　Bitcoin is also trading almost exactly in line with its 200-week moving average, which tracks the asset‘s average weekly price over the past 200 weeks. The indicator currently stands at $63,657, compared with bitcoin’s price of $63,822, highlighting significant accumulation in this range.　　Glassnodes 30-day Accumulation Trend Score, broken down by wallet-size cohort, shows that retail investors are currently the most aggressive buyers at these prices. Every other cohort is also accumulating, including whales holding at least 1,000 BTC, which are

08-04Industry

TRUMP coin faces SEC fraud probe call after 98% crash

Democratic senators Elizabeth Warren and Richard Blumenthal have asked the SEC to investigate whether the TRUMP meme coin facilitated fraud or improper enrichment after its value collapsed 98% from its peak.　　Senators ask SEC to investigate TRUMP coin　　Warren and Blumenthal sent a letter to SEC Chair Paul Atkins asking the agency to determine whether the president-linked token involved illegal fraudulent activity or allowed insiders to obtain improper gains.　　“We are concerned that President Trumps memecoin scheme may constitute an illegal scam,” the lawmakers wrote, according to CNN reporting cited by multiple outlets.　　The senators reportedly asked the SEC to examine whether the project operated as a “soft rug pull.” The term describes a situation in which insiders or developers gradually withdraw support or extract value instead of abandoning a project in one sudden move.　　Their letter does not establish that fraud occurred. The SEC would need to determine whether federal securities laws apply to the token and whether its promotion, distribution, or trading involved any legal violations.　　TRUMP coin investors lost $3.81 billion　　The lawmakers cited the scale of investor losses surrounding the Solana-based token, which launched shortly before Trump returned to the White House in January 2025.　　Data from blockchain analytics firm Nansen showed that 988,905

08-04Industry

Dinari opens tokenized S&P 500 stock trading to U.S. investors

Dinari has introduced tokenized access to the entire S&P 500 for U.S. investors, allowing eligible users to trade blockchain-based shares backed one-to-one by underlying securities.　　SummaryDinari has launched tokenized versions of all S&P 500 stocks for eligible U.S. investors.Users can buy and sell blockchain based equities through self custody wallets funded with USDC.Each tokenized share is backed by an underlying security held in regulated custody and carries investor rights.The launch comes as competition in tokenized equities continues to grow among crypto and financial firms.Dinari says its platform is already available across 85 jurisdictions and supports more than 6,100 tokenized assets.　　According to Fortune, the launch expands Dinaris blockchain-based equities platform through a wallet-first system that lets users fund accounts with USDC instead of relying on traditional brokerage infrastructure.　　The rollout allows eligible U.S. users to buy and sell tokenized shares through self-custody wallets instead of conventional brokerage accounts.　　Dinari said the launch combines tokenized equities with stablecoin payments through a partnership with Circle, creating what it describes as a link between the roughly $300 billion stablecoin market and the more than $60 trillion U.S. equities market.　　Circle declined to comment, citing a quiet period ahead of its upcoming earnings report.　　Dinari replaces traditional brokerage access with

08-04Industry

Ether whales are pulling ETH off exchanges, Heres why

Ethereums $ETH token is shifting its usage, moving from exchange-based speculation to on-chain activity. Whale accumulation and global demand expand, while exchange reserves are still contracting. 　　Ethereum is showing a shift in demand for $ETH, from US-based trading and speculation to growing global demand and on-chain usage.　　The signal of decreased US demand is the Coinbase premium index, which has been mostly negative throughout 2026. $ETH open interest is also almost flat at $11.37B, showing weaker demand for speculative trading.　　The Coinbase premium for $ETH remained negative for most of 2026, showing weakened US demand and rising global accumulation from Binance. | Source: Cryptoquant　　$ETH remains close to the $1,900 range, recently slowing down to $1,889.80. $ETH showed few signs of rallying but still achieved an 18.5% gain in July, its best month year to date.　　The token shows rising demand for on-chain activity, as DeFi lending is showing signs of recovery. $ETH remains one of the strongest collaterals for DeFi protocols, keeping liquidity within the ecosystem.　　As a result, $ETH demand and withdrawals caused premium prices on Binance, compared to Coinbase. $ETH demand from US institutions slowed down in the summer of 2026, as there is little demand for digital treasury companies.　　Global projects, however,

08-04Exchange

...

503505

...

1000