Author: James Wilson

The Senate released 616 pages merging two committee drafts into one bill. Here is what the combined text actually does, section by section. Summary Senate Republicans released updated CLARITY Act text on July 22, 2026, merging the Banking and Agriculture committee drafts into a single 616-page bill with more than 70 pages of new language, including a government ethics title negotiated with the White House. The bill divides digital assets into three statutory categories: digital commodities overseen by the CFTC, investment contract assets under the SEC, and permitted payment stablecoins governed by the GENIUS Act, with a maturity certification process…

Strategy reported an $8.33 billion second-quarter operating loss after Bitcoin’s 27% decline this year drove a sharp reduction in the value of its digital asset portfolio. Summary Strategy recorded an $8.32 billion unrealized digital asset loss during the second quarter. Its 843,775 BTC were worth $54.77 billion, below their $63.69 billion acquisition cost. The company posted an $8.22 billion net loss, equal to $24.45 per diluted share. A $3.75 billion dollar reserve provides 2.1 years of preferred dividend coverage under Strategy’s policy. Strategy’s Bitcoin decline drives $8.33B loss Bitcoin traded near $64,700 following Strategy’s earnings announcement, down from approximately $88,400…

Coinbase shares fell in extended trading after the crypto exchange reported a second-quarter loss and lower revenue, overshadowing record market share and growth across stablecoins and derivatives. Summary Coinbase reported a loss of $1.36 per share, reversing earnings of $5.14 a year earlier. Quarterly revenue fell to about $1.2 billion from $1.5 billion in the prior-year period. Coinbase captured a record 10.3% of global crypto trading volume during the quarter. COIN faced immediate support near $152, with the next downside level around $140. Coinbase revenue falls as quarterly loss returns Coinbase generated approximately $1.2 billion in second-quarter revenue, down 20%…

MoonPay has launched PayBox, a noncustodial payment vault that lets users prepare and execute crypto transactions or online purchases through ChatGPT and Claude. Summary PayBox connects with ChatGPT and Claude through custom connectors and natural-language commands. Users can buy, swap, bridge or deposit crypto and complete travel, dining and retail purchases. Passkey approvals and user-defined spending limits control what connected AI assistants can execute. MoonPay supports Solana and several EVM networks, including Ethereum, Base, Arbitrum and Polygon. MoonPay PayBox turns AI conversations into transactions PayBox allows users to connect a payment vault to ChatGPT or Anthropic’s Claude and describe a…

Hyperscale Data has sold about 100 Bitcoin and secured a BTC-backed credit facility to finance construction of its artificial intelligence data center in Michigan. Summary Hyperscale Data sold about 100 BTC to fund construction and equipment purchases. Its Bitcoin-backed credit facility carries a variable rate of approximately 4.5% to 5%. A 10-year AI services agreement could generate more than $1.2 billion if fully exercised. Hyperscale Data retains about 1,006 BTC, ranking 44th among public corporate holders. Hyperscale Data converts Bitcoin into AI funding Hyperscale Data disclosed the Bitcoin sale and financing agreement on Thursday as it accelerated work on its…

U.S. Treasury Secretary Scott Bessent has urged senators to vote immediately on the CLARITY Act, increasing pressure on lawmakers to test support for the crypto market structure bill before the August recess. Summary Bessent demanded that the Senate vote “NOW” on the CLARITY Act. Disputes over ethics enforcement and the BRCA provision continue to block a bipartisan agreement. Polymarket traders place the bill’s chance of becoming law in 2026 at about 26%. A negotiated ethics package could determine whether Democrats support advancing the legislation. Bessent demands an immediate CLARITY Act vote Bessent called on Senate leaders to bring the CLARITY…

Apple faces bipartisan pressure to rule out memory chips from two Chinese suppliers as an AI-driven shortage tightens global supply and raises production costs. Summary Six US senators asked Apple to reject memory chips supplied by China’s CXMT and YMTC. Apple must provide a formal commitment by Aug. 21, according to the lawmakers’ letter. Both suppliers appear on the Pentagon’s Section 1260H list of Chinese military companies. AAPL closed 0.56% lower at $338.19 before extending its decline in Thursday trading. Senators give Apple an Aug. 21 deadline Six US senators have urged Apple CEO Tim Cook to abandon any plan…

A major U.S. police organization has endorsed the latest CLARITY Act draft, but unresolved disputes over political ethics, DeFi protections and stablecoin rewards continue to threaten its passage before the Senate recess. Summary Major Cities Chiefs Association endorsed the CLARITY Act after lawmakers added new enforcement provisions. Polymarket traders place the bill’s chance of becoming law in 2026 at 30%. Democrats and prosecutors continue to seek changes to the bill’s DeFi developer protections. Banks support federal crypto rules but want tighter restrictions on stablecoin rewards and yield. Major Cities Chiefs Association backs CLARITY Act The Major Cities Chiefs Association endorsed…

The company raised $544.5 million in one week by issuing common shares, bought no bitcoin with it, and put it in a reserve whose stated purpose is covering preferred dividends. The obligation runs $1.76 billion a year. The flywheel that made Strategy famous now turns in the opposite direction, and the coverage is calling it bullish. Summary An SEC filing covering the week ended July 26 shows Strategy sold nearly 5.43 million Class A common shares through its at-the-market programme for $544.5 million in net proceeds. No bitcoin was purchased with those proceeds. Holdings stayed flat at 843,775 BTC at…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Fhenix and Canopy integrate confidential computation to simplify private onchain app development. Summary Fhenix and Canopy integrate confidential computation, enabling developers to build privacy-preserving onchain apps with encrypted data. The two projects have launched a confidential app template, bringing fully homomorphic encryption to sovereign blockchain applications. Fhenix brings encrypted computation to the Canopy Stack, simplifying confidential onchain app development with familiar tooling. Fhenix and Canopy are integrating confidential computation into the Canopy Stack, giving developers a direct way to…