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Bitmine owns 4.8% of the total ETH coin supply of 120.7 million Bitmine is 96% of the way to the ‘Alchemy of 5%’ in just 13 months In July, ETH outperformed Nasdaq 100 by 2,500 basis points, the largest since July 2025, reflective of the strengthening fundamentals of crypto Bitmine repurchased 4.5 million common stock in the past week, authorized under the previously announced $4 billion share repurchase program Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026 Bitmine’s Series A Preferred Stock is trading on the NYSE under the symbol BMNP Bitmine has 4,917,189 staked…

The Clarity Act is widely viewed as the crypto industry’s most important piece of U.S. legislation, with supporters arguing it would establish clear rules for digital assets, reduce regulatory uncertainty and unlock broader institutional adoption. Analysts say passage would improve market sentiment by giving banks, asset managers and exchanges greater confidence to invest in blockchain infrastructure and expand crypto products.Bernstein’s analysts said they expect regulators to move more quickly on token classifications, decentralized finance (DeFi) guidance, self-custody rules and innovation exemptions for token issuance, while continuing to support tokenization, crypto derivatives and prediction markets.The Clarity Act remains strategically important because…

HashKey Exchange said it received approval to open client money accounts with JPMorgan, weeks after it launched customer fund accounts with DBS Bank.

Holders of Strategy’s (MSTR) high-yielding preferred stock STRC will not see a dividend increase in August.Led by Executive Chairman Michael Saylor, Strategy is maintaining the current 12% dividend on the shares.STRC investors may have been expecting as much as a 50-basis-point hike in the dividend as Strategy has customarily raised the payout anytime the stock traded sizably below its par value ($100) for the month.As recently as July 1, Strategy had lifted the dividend 50 basis points following June’s plunge in STRC to as low as $71. While that hike — along with Strategy’s sale of some bitcoin to fund…

Wife of former FTX executive seeks to preclude her husband’s guilty pleaIn a Friday filing with the US District Court for the Southern District of New York (SDNY) over campaign finance charges, Michelle Bond’s legal team asked the court to consider precluding evidence related to former FTX Digital Markets co-CEO Ryan Salame, her husband who is currently serving a 90-month sentence after he pleaded guilty in 2023.Bond faces campaign finance charges alleging that her unsuccessful 2022 congressional run in New York was partially funded by contributions from FTX facilitated by Salame. As part of the filings this week, Bond asked…

Moonshot AI has unveiled Kimi K3, a 2.8-trillion-parameter open-weight model, marking a major step in the AI arms race. Released on July 27, 2026, Kimi K3 is the first openly available model in the 3-trillion-parameter class, positioning itself as a serious challenger to proprietary models like OpenAI’s GPT 5.6 Sol and Anthropic’s Claude Fable 5. The model, developed by Beijing-based Moonshot AI, is designed for coding, long-context reasoning, and multimodal tasks. Its standout feature is the 1-million-token context window, the largest among open models, allowing for extensive knowledge and reasoning capacities across applications. Technical Innovations and Performance Kimi K3 incorporates…

Validators (entities that supply their resources to run and maintain a network) were advised to reject it, and an emergency server release marked it unsupported to prevent activation. No funds were lost, because it never reached the main network.Permission Delegation, which lets an institution grant another account narrowly scoped authority without handing over full signing power, was disclosed as vulnerable in September 2025 and disabled. The bug allowed one account to charge transaction fees to another and potentially drain its balance. The ledger’s documentation has listed both amendments as obsolete since, to be replaced by revised versions.(Shaurya Malwa/CoinDesk)The other three…

A Bank of Italy study found that stablecoin-based remittances did not offer a systematic cost or speed advantage over traditional payment channels, as fiat on- and off-ramp frictions accounted for most costs and transfer delays.Researchers tested 200 USDC (USDC) remittances across 10 bidirectional payment corridors linking Italy with Brazil, Argentina, Japan, the United Arab Emirates and South Africa, comparing end-to-end costs and settlement times with traditional remittance services. They found that exchange fees and currency conversion made up most of the cost, while blockchain transaction fees represented only a small share.Geographic design of the remittance experiment. Source: Bank of ItalyAcross…

xAI has announced a major upgrade to its Grok Imagine Video 1.5 model, introducing support for text, image, and voice references, alongside native 1080p video generation. These features aim to strengthen xAI’s position in the increasingly competitive AI video market, where the model already leads with advanced motion coherence, audio synchronization, and rapid generation speeds. The newly added multi-modal capabilities allow users to create videos by combining elements such as a textual prompt, an image, and a voice sample. For instance, users can pass in a character’s photo and voice, ensuring the same face and voice persist across scenes. Multi-reference…

Strategy (MSTR), the world’s largest corporate bitcoin BTC$64,262.77 holder, reported Thursday an $8.2 billion second-quarter net loss after the cryptocurrency’s price decline erased billions of dollars from the value of its digital asset holdings.The quarterly loss was driven almost entirely by an $8.32 billion unrealized markdown on its bitcoin holdings under fair-value accounting.The company held 843,775 bitcoin as of July 26, up 25% from the start of the year. At current prices, the stash is worth roughly $54.8 billion, compared with an acquisition cost of $63.7 billion.The report came after a period of growing investor scrutiny on the firm over…