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Bitcoin’s hashrate has been in decline for about 287 days, while mining difficulty is down 19.9% from its record high, Bitcoin Magazine reported. The outlet said that despite Bitcoin falling about 46% over the past year, shares of some publicly listed miners have risen more than 430%. Bitcoin Magazine attributed the divergence to a strategic shift by mining companies toward allocating power and data center capacity to AI and high-performance computing, with the market increasingly viewing them as AI infrastructure companies rather than simply Bitcoin miners.

Grayscale Investments has sent a letter urging the Senate to hold a floor vote on the CLARITY Act before the August recess. The company said lawmakers and staff had spent months working through difficult issues tied to jurisdiction, investor protection and safeguards for developers, and said the resulting framework protects investors, prevents legitimate developers from exercising excessive authority, and provides the certainty Americans deserve. Grayscale added that after months of bipartisan work, the Senate is now ready to take up the CLARITY Act.

IBM CEO Arvind Krishna said quantum computing is moving beyond the research stage and nearing a commercial breakthrough capable of generating real revenue, CoinDesk reported. In an interview, Krishna said the technology is expected to make a meaningful contribution to IBM’s revenue and profit by 2028 or 2029. Krishna added the technology could create $1 trillion in economic value by the late 2030s and deliver performance far beyond conventional computers at a lower cost. IBM also announced in May plans to invest a combined $2 billion with the U.S. government to build a standalone quantum chip foundry.

Nasdaq-listed biopharmaceutical company Enlivex plans to raise up to $800 million to buy RAIN tokens and has proposed a measure that could significantly dilute shareholder stakes, according to CryptoSlate. The financing plan includes $400 million in investment and an additional $400 million option, with most of the proceeds earmarked for RAIN purchases and up to 5% allocated to drug development. If approved, the company’s outstanding share count could increase by as much as 951% from current levels. As of July 27, local time, Enlivex planned to hold a shareholder meeting within 60 days to seek approval. The media outlet said the plan was closer to a

Uniswap launches Earn feature for onchain deposits in USDC, USDT and ETH Uniswap has launched an Earn feature for its web app and wallet, allowing users to deposit USDC, USDT and ETH into onchain lending markets to generate interest income. The assets remain in users’ self-custody, and withdrawals are available at any time with no lockup or waiting period, according to the description.

MLM Monitor said 4.93 million HYPE team tokens unlocked in December 2025 were distributed to team members, equal to about $270 million at current prices and 0.493% of total supply. Of that amount, 1.19 million HYPE was sold on the open market for $32.5 million in cash, while another 3.14 million HYPE was transferred to an OTC platform, with a transfer value of about $132 million. As a result, about 4.33 million HYPE was sold for roughly $165 million in total, with average monthly sales of about 540,000 HYPE, or around $20.6 million. Over the same period, the ecosystem support fund spent about $364 million to buy back roughly 9.8 million HYPE, according to MLM Monitor. That puts the average monthly buyback at about 1.23 million HYPE, or around $46 million, marking a repurchase pace about twice as fast as the selling rate of current and former team members.

STS Digital CEO Maxime Seiler said institutional options selling, artificial intelligence and delayed U.S. crypto regulation are holding back the next crypto bull market, according to CoinDesk. Seiler said those three factors are capping crypto prices even as institutional investors have steadily adopted blockchain technology over the past four years. Meaningful gains in the crypto market will require multiple catalysts to align at once, Seiler added, including regulatory clarity, broad institutional investment in 24-hour financial infrastructure, and a more supportive macro environment such as interest-rate cuts or a resumption of monetary easing. While Seiler said he does not expect that setup to emerge in the coming months, he added the market is underestimating the pace of institutional crypto adoption and how quickly traditional finance is applying crypto infrastructure to global capital markets.

Tether said it posted about $1.5 billion in operating profit for the second quarter, driven by interest income from U.S. Treasuries and repurchase agreements. As of June 30, Tether held total assets of $187.75 billion and total liabilities of $183.64 billion, leaving a reserve buffer of about $4.11 billion. The company also reduced secured loans by $2.38 billion and bought an additional 14 tons of physical gold, bringing its total gold holdings to more than 146 tons. Meanwhile, USDT outstanding stood at about $184.6 billion, equal to roughly 60% of the overall stablecoin market.

Major exchanges have seen $101 million worth of futures liquidated in the past hour. In the past 24 hours, $359 million worth of futures have been liquidated.

Sen. Cynthia Lummis said the latest draft of the CLARITY Act under discussion includes an ethics provision requiring President Donald Trump to sell digital assets he holds or place them in a blind trust, and said the measure has emerged as a key sticking point in last-minute negotiations, according to Pitelity Investment. Lummis added many Democratic lawmakers remain reluctant to move the bill forward, citing concerns the provision could weaken a midterm campaign frame centered on Trump’s cryptocurrency-related corruption. Supporters of the bill, meanwhile, have stressed the amendment also includes ethics standards for the president, vice president, members of Congress and the federal judiciary, while adding protections for investors in the event of a crypto exchange bankruptcy and establishing a clearer regulatory framework.

Jeffrey Huang, a well-known crypto whale investor and Taiwanese singer, was liquidated on futures positions three times in a row as cryptocurrency prices fell, leaving the account balance back under $100,000. Huang had earlier put two more BAYC NFTs up for sale to raise margin and drew attention earlier this month by saying, "한번의 거래로 모든 손실을 만회하겠다."

Major exchanges have seen $115 million worth of futures liquidated in the past hour. In the past 24 hours, $321 million worth of futures have been liquidated.

Michigan state pension fund raises Strategy holdings to 14,000 shares The Michigan State Retirement Fund has increased its holdings of Strategy shares by 141% from its previous position, bringing its total to 14,000 shares worth about $1.34 million, according to Binance News, citing a disclosure from on-chain and institutional portfolio analytics platform BitcoinTreasuries.NET.

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,966.01 on the Binance USDT market.

Crypto-related U.S. stocks fall in early trading Crypto-related U.S. stocks were broadly lower in early U.S. trading, with Coinbase (COIN) down 12.29%, Bitmine (BMNR) off 7.33%, SharpLink Gaming (SBET) falling 5.94%, Strategy (MSTR) losing 5.74%, Bullish (BLSH) down 5.49%, Circle (CRCL) slipping 5.19%, and American Bitcoin (ABTC) off 4.58%.

An anonymous whale address deposited 1,060 BTC worth $67.52 million into Binance, according to Lookonchain. Exchange deposits are typically interpreted as a sign of intent to sell.

About 1,600 BTC worth roughly 140 billion won moved from one anonymous wallet to another, according to Odaily.

Wall Street firms were split on Coinbase after the company posted earnings that missed market expectations, according to CoinDesk. Cantor Fitzgerald, Oppenheimer and Benchmark said the weak results reflected a drop in cryptocurrency prices and saw room for the stock to rebound. Those firms pointed to progress in Coinbase’s long-term strategy across stablecoins, derivatives and tokenized assets. William Blair also said Coinbase could be among the biggest beneficiaries if the crypto market recovers, citing stabilizing ETF inflows. By contrast, Clear Street, Barclays and Compass Point said Coinbase’s new businesses have limited ability to drive earnings improvement and warned of further downside amid the possibility that the CLARITY Act could remain pending.

Crypto trader Killa said BTC is unlikely to suffer the steep drop to the $36,000-$48,000 range that some in the market expect. Killa said Bitcoin has typically formed three major bottoms in past bear-market cycles, with the final two proving the most important. After BTC touched around $59,000 and showed a mild bullish divergence, it failed to extend its decline, Killa said, adding that if the market had been set up for a drop into the $40,000 range, that move likely would have already happened. Killa said Bitcoin has now entered a clear "Accumulation Range" and sees the $57,000 area as a key floor. While BTC could briefly fall below that level, Killa said a prolonged decline to extreme lows is unlikely, citing the historical pattern of sweeping major bottoms before rebounding.

The three major U.S. stock indices opened higher today. - S&P 500: +0.48% - Nasdaq: +0.85% - Dow Jones: +0.41%

Pump.fun, a Solana-based memecoin issuance platform, laid off more than 40 employees ahead of PUMP’s first vesting unlock, leaving them ineligible for token allocations worth millions of dollars, Sandmark reported. Sandmark said Pump.fun co-founder Noah Tweedale told staff in March that the company had grown too quickly, making it harder to move quickly on work. Affected employees received one week of severance for each month worked, and their contracts were terminated in early April. The issue, according to the report, is that those employees also lost eligibility to receive PUMP tokens that had been scheduled to begin unlocking this summer. A second round of layoffs took place in July, bringing the number of employees dismissed over the past two months to more than 40. Sandmark added that Pump.fun has generated $1.3 billion in cumulative revenue and is posting $1 million in daily profit, but recently became subject to a fine after missing a deadline to file accounting reports with UK authorities.

Dubai-based Shelbit, a cryptocurrency exchange run by an Iranian-born founder and tied to one of the world’s largest illegal gambling networks, has helped evade sanctions on Iran, according to CoinDesk, citing Reuters. Reuters said the gambling network, made up of more than 2,000 platforms, was identified as a core Shelbit client. On-chain analysis also showed Shelbit transferred hundreds of millions of dollars to major exchanges including Binance. Binance, however, said Shelbit does not hold a Binance account, and that related accounts were frozen and reported to law enforcement agencies.

Circle (CRCL) announced it has obtained a Limited Purpose Trust Charter from the New York State Department of Financial Services through a subsidiary, giving it legal authority to directly custody institutional funds. The trust company license goes beyond a standard cryptocurrency business license by granting custody powers comparable to those of a bank. The New York State Department of Financial Services also granted Circle a BitLicense, a cryptocurrency business license, in 2015. Circle said the latest approval demonstrates USDC’s regulatory transparency and stability as the role of digital dollars expands.

White House NEC Chairman Kevin Hassett said the current data makes it difficult to push for an interest-rate hike.

Federal Reserve President Hammack said the Fed should focus on inflation while the labor market remains stable, adding the central bank’s current rate policy is not yet restrictive enough.