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US CFTC Chair Caroline Pham has directed her team to prepare crypto regulatory rules in the event that congressional legislation fails, to prevent a regulatory vacuum resulting from the failure of the Clarity Act.
Coldcard has released the latest firmware 5.6.1 (Mk4/Mk5) and 1.5.1Q (Q). This update is based on a three-week security review following the emergency fix on July 31, addressing security risks brought by the previous mnemonic generation attack. Each newly generated mnemonic must now include at least one source of user entropy, including at least 65 irregular keystrokes, 50 physical dice throws, or 128 physical coin flips, combined with fresh entropy provided by STM32 TRNG, SE1, and SE2. The new firmware also adds instant staged PSBT verification before signing, strengthens USB connection and firmware update boundaries, improves Delta Mode isolation mechanisms, fixes active wallet backup issues, enhances random number generator initialization and fault checking, adjusts SIGHASH default settings, and includes multiple security and correctness improvements. Coldcard stated that this update aims to further reduce the risk of device attacks. The official reminder notes that updating the firmware cannot fix existing mnemonics generated by previously affected firmware. If users' mnemonics fall within the scope of this security advisory, they should first update the device, then generate and verify a completely new mnemonic, and migrate funds to the new wallet. Coldcard recommends that all Mk4, Mk5, and Q users update their devices promptly and verify the signature of the downloaded firmware.
Odaily News, Coinbase CEO Brian Armstrong said in an interview with CNBC that the crypto market may be on the verge of the next bull run. Armstrong stated: "I think we're probably on the cusp of the next bull market." He noted that the market will soon focus on the progress of the US CLARITY Act vote on September 15, as well as the seasonal effects brought by the Bitcoin halving cycle.He said that, based on historical patterns, in the cycles following Bitcoin halving events, October, November, and December are typically the months when Bitcoin performs best, and the market may usher in a new upward phase.Armstrong has repeatedly emphasized that improved regulatory conditions, institutional capital inflows, and the maturation of crypto infrastructure will be key factors driving the industry's long-term development. His recent remarks also reflect Coinbase's optimistic outlook on the shift in the coming market cycle. (BitcoinMagazine)
Odaily News: US Commodity Futures Trading Commission (CFTC) Chair Michael Selig said on Thursday that even if Congress fails to pass the Clarity Act, the crypto industry will eventually see market structure regulatory rules. Selig stated that establishing a market structure is very important, which can be achieved either through the formulation of regulatory rules or through legislation. The CFTC is weighing a series of potential cryptocurrency rules and is still awaiting progress on the Clarity Act. The bill, which would grant the CFTC primary authority over the digital asset industry, is currently deadlocked in the Senate and is scheduled for a procedural vote in mid-September. However, it remains highly contentious and may struggle to secure enough votes before lawmakers shift their focus to the November midterm elections. Selig added that legislation is the most reliable way to define the crypto market structure, but the CFTC also holds considerable power under existing regulations; if it needs to exercise that power to set rules without supporting legislation, the CFTC will do so.
Odaily News Rapid7, a cybersecurity firm, has disclosed a crypto phishing campaign named Operation Asterix that targets approximately 885,000 phone numbers across multiple countries, redirecting victims to fraudulent wallet service websites. A total of 5,576 phone numbers have been matched with Binance user accounts and placed on the attack queue.The attackers steal seed phrases through fake apps impersonating Ledger, Trezor, and Exodus, while also contacting victims via fraudulent customer support emails and phone calls. Rapid7 also found that among over 316,000 phone numbers in Germany, 43,066 were matched with crypto trading accounts, representing a hit rate of approximately 13.6%.The related attacks also include a bulk phone number verification tool targeting Kraken accounts, and the investigation revealed that AI tools are being widely used in phishing operations. According to data from blockchain security firm Hacken, phishing attacks and social engineering scams caused $306 million in losses in the first quarter of this year, accounting for the majority of the $482 million total losses in the crypto industry. (Cointelegraph)
Odaily News, Garrett Jin, proxy for the "BTC OG Insider Whale," analyzed that Bitcoin's latest breakout above $70,000 was driven by multiple bullish factors, including the U.S. Treasury's expanded bond buybacks, the SEC's proposed crypto asset regulatory framework, and the White House crypto summit. The current price has entered a dense overhead supply zone ranging from the mid-$60,000s to the low $80,000s, with the first resistance layer already showing signs of weakening.Garrett Jin pointed out that the significant accumulation of new cost basis in the mid-$60,000 area over the past two months has provided underlying support for this breakout. While the short-squeeze triggered by short liquidations could temporarily push Bitcoin above $80,000 in the near term, the $80,000 to $82,500 range is a critical resistance zone to watch, and the short-squeeze momentum is unlikely to persist. If the market can effectively absorb supply below $80,000 before a breakout, it would be more conducive to a healthier subsequent trend.On the same day, SK Hynix announced South Korea's largest-ever stock buyback and cancellation plan, committing to return at least 50% of its projected free cash flow through 2027 to shareholders. Its shares surged over 10% at one point, triggering a buy-side circuit breaker on South Korea's KOSPI index. Analysts believe this move could alleviate market concerns over declining risk appetite for Korean semiconductor stocks, but it cannot alter the cyclical trajectory of the memory chip industry itself.
Odaily News - Digital asset tokenization platform Securitize, in partnership with asset management firm Neuberger, has launched the Neuberger Securitize High Income Tokenized Fund (HINC). The fund primarily invests in high-yield bonds and may also allocate to collateralized loan obligations (CLOs) and leveraged loans.HINC will be issued on four public chains—Avalanche, Ethereum, Solana, and Sui—and is available exclusively to eligible qualified investors and qualified purchasers. Investors must undergo customer identification and anti-money laundering screening, and comply with jurisdictional restrictions and securities rules.Neuberger will handle portfolio management and research, Securitize Capital will serve as investment advisor, Securitize Markets will provide fund shares, and other affiliates will manage tokenization, administration, and operational services. Neuberger's fixed income platform manages over $230 billion in assets.Securitize disclosed that its tokenized asset management scale has reached $3.4 billion, with first-quarter revenue of $19.5 million, up nearly 40% year-over-year. The company began trading on July 2, becoming the first firm to list shares on both the New York Stock Exchange and on-chain simultaneously. (Bitcoin.com News)
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
According to CoinDesk, Bitcoin climbed to around $72,300 during the early Thursday European session, driven by U.S. President Trump's renewed call for Congress to pass the "Clarity Act," a crypto market structure bill, amid growing institutional interest. Erald Ghoos, CEO of OKX Europe, stated that regulatory clarity in the United States could boost confidence in the crypto market within the world's largest economy and channel capital back from the AI and semiconductor sectors into digital assets.
According to The Block, Securitize President Brett Redfearn stated that the U.S. Securities and Exchange Commission withdrew the crypto innovation exemption rules last Friday due to concerns over the voting progress of the Clarity Act. Redfearn expects the rules to be introduced following the Senate vote on September 15, likely in early October.
Odaily News Figure Co-founder and Executive Chairman Mike Cagney announced that the company will launch a mobile application called The Wallet Co, designed to combine the ease of modern fintech with self-custody and blockchain-native products.The Wallet Co will offer features such as instantly spendable interest-bearing cash, RWA yields, and securities prediction markets, with an AI Agent built into every wallet.Additionally, The Wallet Co is publicly hiring for operations and compliance lead roles, requiring relevant experience in KYC/AML, payments, and fund flows.
Odaily News: At a meeting held at the White House yesterday with executives from the crypto industry and financial institutions, Trump urged Congress to pass a "fair version" of the Clarity Act (a crypto market structure bill) to establish a clearer regulatory framework for digital assets. Relevant data shows that the probability of the bill passing within the year has risen from 18% previously to 22%.
According to CoinTelegraph, Democratic Senator Ruben Gallego warned at the Wyoming SALT Blockchain Summit that rushing a Senate vote on the CLARITY Act before resolving disagreements among parties could potentially cause a setback in the U.S. crypto market structure legislation process. Gallego pointed out that the bill still needs to address certain provisions of the Agriculture Committee, build a broader legislative package, and determine how to submit it to the House for deliberation, while emphasizing that sufficiently strong ethics restriction clauses are a necessary prerequisite for securing Democratic support. He revealed that he and Republican Senator Thom Tillis have submitted compromise ethics language proposals to the White House multiple times, but have not yet received a line-by-line response.
Odaily News: U.S. Democratic Senator Ruben Gallego stated at the Wyoming SALT blockchain conference that rushing the CLARITY Act to a Senate vote before resolving ethical concerns and stablecoin yield disputes could set back U.S. crypto market structure legislative progress.Gallego said the crypto industry should push for continued negotiations between Senate Democrats and Republicans rather than an immediate vote. Lawmakers still need to address portions of the bill under the Agriculture Committee's jurisdiction, integrate a broader package, and determine how to bring it to the House, while also working toward the 60-vote threshold needed to pass in the Senate.Gallego also noted that he and Republican Senator Thom Tillis submitted a compromise version of the ethics provisions to the White House before the congressional recess, but have not yet received line-by-line feedback. He believes that sufficiently strict ethics restrictions are a necessary condition for winning Democratic support and advancing the bill.On Wednesday, President Trump met with crypto industry executives at the White House and urged Congress to pass a "fair version" of the CLARITY Act. Senate leadership has delayed action until September, and Senate Majority Leader John Thune previously stated that lawmakers will prioritize the bill upon returning from recess. (Cointelegraph)
Odaily News: At the SALT conference held in Jackson Hole, Wyoming, USA, Binance founder CZ stated that Bitcoin's "supercycle" has yet to materialize. The market continues to follow a relatively strict four-year cycle pattern and is currently in a bear market phase. As total market capitalization expands, price volatility is expected to narrow. However, CZ noted that the current industry environment is the most favorable in his 12 years of experience, with the U.S. regulatory framework serving as a model globally. Securities laws and exchange regulatory structures in many countries are referencing the U.S. approach. Hong Kong is also accelerating its legislative efforts to align with U.S. regulatory thinking.Regarding the allocation of investment firm YZi Labs, CZ disclosed that approximately 70% of funds are directed toward core tracks in crypto and blockchain, about 20% toward AI, and the remainder toward biotech and other sectors. The firm uses its own capital and is not constrained by external LP return cycles, placing greater emphasis on the positive impact of projects and the execution capabilities of founding teams rather than purely financial returns.
Odaily News: CZ commented on the possibility that the Trump administration may push Hyperliquid to enter the U.S. market in a "fully compliant and lawful manner," stating that the significance of this development extends beyond Hyperliquid itself.CZ noted that in the future, a large number of perpetual contract DEXs and other decentralized services could become available to U.S. users, adding, "This would be a tremendous positive for all participants across the industry."
Odaily News: According to the official announcement, Bitget has listed 23 stock spot rTokens, including rHDV (iShares Core High Dividend ETF), rJEPI (JPMorgan Equity Premium Income ETF), rLUV (Southwest Airlines), and rOMC (Omnicom Group), covering multiple sectors such as financials, healthcare, and consumer goods. To date, the Bitget platform supports a total of 682 rTokens.It is reported that rTokens, identified by the letter "r" followed by a stock ticker (e.g., rNVDA for Nvidia), are issued by Reality, Bitget's licensed RWA protocol, and provide direct access to global liquidity pools such as Nasdaq and NYSE through a partnership with the compliant broker Alpaca. Their features include: 1:1 reserve backing of the underlying assets, held by licensed custodians; stock dividends distributed 1:1 in token form; support for synchronized mapping of corporate actions (such as stock splits); and the ability to use holdings as joint margin for unified accounts and USDT-margined contracts, allowing users to flexibly manage their funds while holding global equity assets.
According to Yonhap News Agency, global virtual asset infrastructure company BitGo announced that its Korean entity, BitGo Korea, had its VASP (Virtual Asset Service Provider) registration application accepted by the Korea Financial Intelligence Unit (FIU) on August 18, becoming the first overseas crypto corporate entity to directly complete VASP registration in Korea to date. Established in 2024, BitGo Korea chose to enter the market by directly complying with regulatory requirements this time, rather than adopting the common industry practice of acquiring existing VASP companies. Moving forward, it will officially launch virtual asset custody (Custody) and transfer services in Korea based on this foundation, focusing on expanding business to financial institutions and corporate clients.
Odaily News: Robinhood CEO Vlad Tenev called on Trump this morning at a White House cryptocurrency meeting to relax U.S. "tokenization" regulation.Vlad stated: "Through tokenization technology, Robinhood is extending ownership of U.S. assets to users in more than 120 countries worldwide. Yet this innovation is reaching overseas investors before benefiting investors here at home—and this opportunity extends far beyond public markets. Tokenization will open up markets that have long been out of reach, including private enterprises (unlisted companies). In today's market, too much economic value is being created before ordinary investors ever get a chance to participate."Vlad urged: "Innovation and investor protection are not opposing goals. America became the global capital markets leader precisely by balancing both. The SEC and CFTC chairs in this room know full well that it is American companies building this technology, American markets powering it, and American assets at its core. U.S. investors should not be the last to benefit. We look forward to continuing to work together to expand ownership, build the next generation of capital markets, and ensure America stays ahead on this path."
US President Trump stated that this May, CFTC Chairman Selig approved the launch of the first ever true Bitcoin perpetual futures contract on CFTC-registered exchanges, and revealed that relevant personnel are working to bring the decentralized derivatives trading platform Hyperliquid into the US market in a fully compliant and legal manner. Trump also criticized the Biden administration for suppressing cryptocurrency and the spirit of emerging financial technology innovation during their tenure, emphasizing that the current situation has completely changed.