Want the daily version? Subscribe to BSCN's X Premium for daily market briefs, token spotlights, and editor takes: x.com/BSCNews/creator-subscriptions/subscribe
$40M in BTC Stolen due to Coldcard wallet vulnerability: A critical vulnerability in the key-generation firmware of Coldcard hardware wallets resulted in the theft of roughly 594 BTC, worth approximately $38 million, from around 500 wallets. The exploit was executed in a coordinated sweep lasting just 25 minutes on July 30, targeting wallets created on firmware versions dating back to March 2021. Coinkite, the Canadian manufacturer behind Coldcard, issued an urgent advisory urging Mk3 users to migrate funds immediately, while investigations continue into whether newer models Mk4, Q, and Mk5 also carry weakened entropy. Massive Bitcoin outflows from BitMEX followed the exchange's shutdown announcement, with on-chain data showing a newly created wallet withdrew 468.30 BTC valued at approximately $29.88 million from the platform.
Strategy books an $8.3B Bitcoin markdown in its first post-never-sell quarter: Strategy reported a net loss of $8.22 billion for Q2 2026, driven almost entirely by an $8.32 billion unrealized markdown on its Bitcoin holdings after abandoning its "never sell" policy.
US Treasury Secretary Cites Satoshi Nakamoto To Back CLARITY Act: Treasury Secretary Scott Bessent is pushing hard for a Senate floor vote on the Digital Asset Market CLARITY Act, warning that further delays risk ceding America's lead in the global digital asset industry.
Coinbase posts record market share and a $359.5M loss in the same quarter: Coinbase delivered a study in contrasts on Thursday when it reported second-quarter results: record trading market share alongside a widening GAAP net loss.
BlackRock's BUIDL lands on Stripe's payments chain: BlackRock's tokenized Treasury fund has expanded to Tempo, the payments-focused Layer 1 blockchain incubated by Stripe, marking another institutional bridge between traditional finance and on-chain infrastructure.
CLARITY Act Vote Still On Track Before August Recess Despite Democratic Opposition: Senator Cynthia Lummis says the Digital Asset Market Clarity Act is still in contention for a Senate floor vote before the August recess, despite a packed legislative calendar and mounting Democratic resistance. Speaking on the Crypto Policy Roundtable, Lummis warned that delaying the bill risks American jobs and innovation while competitors move ahead. JPMorgan separately issued a warning that continued delays pose a growing threat to the structural integrity of crypto markets, arguing that the longer the legislation stalls, the greater the damage to institutional liquidity.
Morgan Stanley's new Solana ETF is already carrying the whole field: One day after listing on NYSE Arca, Morgan Stanley's spot Solana ETF pulled in $19.06M in net inflows, accounting for every dollar flowing into US spot SOL ETFs on the day. The debut dwarfed competing products and signals that institutional demand for Solana exposure may finally be finding its format. Meanwhile, Bitcoin ETFs snapped a four-day outflow streak, but only because BlackRock's IBIT carried the complex with $183.41 million in inflows.
BNB Chain Outruns Solana And Ethereum In DEX Volume: BNB Chain has climbed to the top of the decentralized exchange leaderboard, recording $19 billion in weekly trading volume and pulling ahead of Solana and Ethereum. The surge reflects growing on-chain activity driven by memecoin speculation and retail trading flows concentrated on PancakeSwap and other native DEXs. The shift comes as BNB ecosystem builders double down on user acquisition and fee competitiveness.
How Does NEAR Let You Pay for AI With Staked Tokens?: NEAR Protocol launched a new payment system that lets users pay for confidential AI inference and always-on agents by staking NEAR tokens instead of using a credit card. Announced on July 30, 2026, the system converts staked NEAR into monthly compute credits, and the protocol burns fees as compute is consumed, creating the first major example of stake-to-spend infrastructure for AI services on a Layer 1 blockchain.
$300M: Ondo Perps crossed nine figures in 24-hour trading volume, cementing its position as one of the fastest-growing perpetual futures exchanges in the market.
11.3M: Arbitrum One surpassed 11.3 million active stablecoin holders, up sharply from roughly 10 million in early May and underscoring the network's growing role as the default execution layer for dollar-denominated DeFi.
52M LINK: The Chainlink Reserve closed July 2026 with its largest single-month token haul yet, adding more than 706,000 LINK throughout the month valued at over $5.7 million.
$500M: Binance bStocks crossed half a billion dollars in assets under management just seven weeks after going live, confirming institutional appetite for tokenized equities.
3B SHIB: Shiba Inu's community removed nearly 3 billion tokens from circulation last week, marking the largest weekly burn recorded in approximately one year.
$1.6T: Hastra's AUTO markets went live on Solana, bringing real-time US auto loan data onchain and offering DeFi investors exposure to a $1.6 trillion consumer credit market via Chainlink Data Streams.
Avalanche Helicon: The upgrade activated on Fuji Testnet on July 28, introducing auto-renewed staking, shorter minimum staking durations, and sub-second block finality ahead of a mainnet launch.
Polygon Ithaca: The hard fork went live on mainnet at block height 50,185,000 on July 29, marking the network's latest infrastructure push for high-frequency payments.
FTX Fifth Distribution: Approximately $900 million in creditor payouts begin July 31, with eligible claimholders expected to receive funds within 48 to 72 hours via BitGo, Kraken, and Coinbase.
Ethereum Turns 11: The Ethereum genesis block went live on July 30, 2015. Eleven years on, the network is preparing for its Glamsterdam upgrade, which may be its most consequential chapter yet.
Until Monday.

