Author: NBTC

The CLARITY Act is not dead. It is something worse for its supporters: it is alive but unscheduled. Monday’s Senate calendar listed a single vote, cloture on a continuing resolution vehicle. No action on H.R. 3633. No mention of digital assets. The cloture ledger, updated through July 31, recorded the spending bill filing but nothing for crypto market structure. Senator Cynthia Lummis said she believed Majority Leader John Thune intended to make space for the legislation before recess. She framed that as belief, not confirmation. The gap between “the leader intends” and “cloture has been filed” is the gap between…

Hyperliquid’s open interest (OI) has climbed to $5.25 billion, surpassing the derivatives positions held on Bybit, HTX, Bitfinex, Kraken, and Coinbase, according to data from Onchain Lens. The platform now ranks third among major exchanges, trailing only OKX with $6.37 billion and Binance, which leads the market with $24.91 billion in open interest. What the Latest OI Figures Show Open interest represents the total number of outstanding derivative contracts, such as perpetual futures, that have not been settled. For Hyperliquid, a decentralized perpetual exchange built on its own layer-1 blockchain, reaching $5.25 billion marks a significant milestone in its adoption…

Bitcoin’s price has made its first notable move since the end of the previous business week after it was rejected at $65,200 earlier today and has dropped by a grand and a half within minutes. The full-on crypto critic Peter Schiff used the opportunity to lash out at the asset’s price moves by comparing it with gold and by weighing in on Strategy’s latest moves. In one post, the economist said the Saylor-led company has apparently given up on the idea of digital credit, as it just announced its fourth $BTC sale of the year. He believes Strategy has turned…

Cathie Wood’s Ark Invest bought an extra $8M worth of Coinbase COIN stock on the 3rd of August. According to the asset manager’s daily trades, $716.3K worth of COIN was acquired by ARKF, its fintech ETF tracker. Another $5.7M COIN buy was made by ARKK, its innovation ETF index. Finally, $1.6M was purchased by ARKW, the asset manager’s next-generation ETF index. Overall, this brought Ark Invest’s COIN bid to over $8M on Monday. Ark Invest bets on Coinbase, Circle, and Robinhood The firm now has COIN holdings worth $324.2M, ranking 13th or 2.7% weight across its total exposure. Circle’s CRCL…

Tyler Williams, a senior US Treasury official overseeing digital asset policy and a key adviser to Treasury Secretary Scott Bessent, has left the department, according to a Monday report by Punchbowl News. In a statement shared with Punchbowl, Bessent confirmed that Williams’ last day at the Treasury Department was Friday, saying he had been “instrumental” in advancing the Trump administration’s vision of making the US the “crypto capital of the world.” Williams joined the Treasury Department in early 2025 after serving as head of policy at Galaxy Digital. During his tenure, he played a central role in shaping the administration’s…

Mastercard has finalized its acquisition of BVNK as the payments giant deepens its push into stablecoin and digital asset infrastructure, according to a Monday statement. The acquisition, which was first announced in March, brings BVNK’s on-chain payment technology into Mastercard’s network, allowing businesses and financial institutions to move, manage and convert value across fiat currencies and blockchain-based assets. “Digital currencies — particularly stablecoins — are increasingly addressing real-world needs in areas like cross-border B2B payments, remittances, payouts, settlement and treasury flows,” Jorn Lambert, chief product officer at Mastercard, said in a statement, noting that the deal reflects the firm’s vision…

The Treasury auctions will total $125 billion from Aug. 11 through Aug. 13, while two inflation reports land hours before the corresponding 10-year and 30-year sales. The sequence will show whether softer bond demand and any resulting rise in yields coincide with pressure on Bitcoin. The Treasury refunding plan starts with $58 billion of 3-year notes at 1 p.m. EDT on Aug. 11. It continues with $42 billion of 10-year notes at the same time on Aug. 12 and $25 billion of 30-year bonds on Aug. 13. All three settle Aug. 17. The gross total is not a $125 billion…

Despite the remarkable growth of the Indian crypto market, Indian traders still use dollar-backed stablecoins like $USDT and $USDC. While this creates currency risks, industry leaders highlight the significance of a regulated Indian rupee-backed stablecoin. According to experts like Binance’s SB Seker, an INR stablecoin could reduce foreign exchange risks and build a stronger crypto ecosystem in the country. Binance Exec Calls for Regulated INR Stablecoin In a recent interview, Binance APAC Head SB Seker stated that India is significantly in need of an INR stablecoin. He believes that a regulated rupee-backed stablecoin could reduce the country’s dependence on dollar-backed…

Kalshi CEO Tarek Mansour has pushed back against a lawsuit filed by New York state regulators, arguing that the case is not about sports betting but rather a broader effort to undermine the entire prediction market industry. In an interview with CNBC, Mansour described the legal action as an attack on the business model that Kalshi and similar platforms use, comparing the company’s situation to the early regulatory battles faced by Uber and Airbnb. Lawsuit Targets More Than Sports Betting The lawsuit, filed by the New York Attorney General’s office, alleges that Kalshi violated state law by offering event contracts…

Flap, a $BNB Chain token launchpad, generated $1.18 million in revenue on Aug. 1, passing Pump.fun in daily revenue for the first time, according to DefiLlama. Flap earned $1,183,980 on Aug. 1, edging out $1,103,266 for the entire Pump family — the pump.fun launchpad plus its PumpSwap AMM and trading terminal — per DefiLlama’s parent-protocol data. Flap vs. Pump.fun Daily Revenue. Source: DeFiLlama The flip came during a strong stretch for Pump, which had earned between $1.3 million and $1.44 million a day from July 27 through July 31. Flap’s run-up was steep: the platform made $28,343 on July 19,…