European Union officials are preparing to revise the bloc’s MiCA crypto framework in 2027 as foreign stablecoin restrictions and faster U.S. rulemaking expose gaps in the existing regime. Summary EU diplomats reportedly expect MiCA revisions in 2027, despite an ongoing European Commission consultation. Changes could address rules that have left non-EU stablecoins such as USDT
The CLARITY Act will be the second major development to be voted on after the recess ends. Just a day or so after it became known that the most anticipated crypto legislation in the US will not be voted on in August, more details have emerged on when it will hit the Senate floor.
XRP Ledger validators will vote on a privacy amendment designed for institutional transfers as the network hosts more than $530 million in distributed tokenized assets outside RLUSD. Summary Confidential Transfers would encrypt MPT balances and payment amounts while keeping accounts and token types visible. XRPL hosts about $1.38 billion in distributed assets, including $845.7 million
Meanwhile, the spot Ethereum ETFs extended their consecutive weekly streak to five in a row. After a shaky July in terms of ETF performance, the Bitcoin funds started August with a bang, attracting more than $800 million in the first full week of the month. This coincided with the underlying asset’s price revival, as
U.S. spot Bitcoin ETFs attracted $853.5 million during five consecutive inflow sessions as August demand reversed the previous week’s withdrawals. Summary Bitcoin ETFs recorded five straight inflow days from Aug. 3 through Aug. 7. Weekly net inflows reached approximately $853.5 million, according to SoSoValue. August flows are already nearly five times July’s $172.4 million total.
ADA has stolen the show over the past week after it was declared dead following Hoskinson’s break a few months ago. Although there was some intra-week volatility for BTC and other larger-cap altcoins, most are closing in on another rather sluggish trading period, with little to no movements on a weekly (and even monthly)
Bitcoin holders could lose real BTC if they try to sell coins created by a potential BIP-110 chain split without first separating their balances. Summary BIP-110 nodes will reject non-signaling blocks beginning at Bitcoin block 961,632. A minority chain could emerge without built-in replay protection if miners continue producing compatible blocks. Transactions selling forked coins
Less than a year after announcing plans to develop a new special administrative region called Gelephu Mindfulness City (GMC) using the proceeds of BTC sales acquired through hydropower mining, the Royal Government of Bhutan has continued to offload as the asset’s price is trying to stabilize at around $65,000. Data from the on-chain analytics resource
BitMEX reportedly spent two years seeking a buyer before deciding to close the crypto derivatives exchange, as founder control, declining activity and legal baggage deterred potential acquirers. Summary BitMEX discussed a sale with multiple prospective buyers, including competing exchanges and Exodus. Founder control, shrinking revenue and reputation concerns reportedly complicated the negotiations. The exchange was
BEAT continues to be highly volatile, skyrocketing by over 18% in the past 24 hours. Bitcoin’s price jumped to $65,400 on Friday after the weaker-than-expected US jobs report, but it has lost some traction and has remained sideways at around $65,000. Most larger-cap alts are slightly in the green, aside from HYPE and CRO.