Crypto Industry News & Market Trends

BitMEX spent two years seeking buyer before shutdown: Report

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.　　SummaryBitMEX discussed a sale with multiple prospective buyers, including competing exchanges and Exodus.Founder control, shrinking revenue and reputation concernsreportedly complicated the negotiations.The exchange was reportedly seeking a valuation of about $1 billionduring the process.BitMEX will restrict trading on Aug. 26and close the exchange on Sept. 23.　　BitMEX held sale talks for two years　　BitMEX explored a sale with several potential acquirers over approximately two years but failed to secure an agreement, CoinDesk reported, citing a person familiar with the private discussions.　　Potential buyers included rival cryptocurrency exchanges and payment and wallet company Exodus.　　Broadhaven Capital Partners reportedly advised the Seychelles-based exchange during the process. crypto.news first reported BitMEXs search for a buyer in February 2025, although the investment bank had reportedly joined the process in late 2024.　　BitMEX was said to be seeking a valuation of approximately $1 billion. However, it remains unclear whether any interested company submitted a formal bid.　　The reported sale attempt ended without a deal before BitMEX‘s parent company, HDR Global Trading, completed a strategic review and approved the exchange’s closure.　　You might also like:　　BitMEX sued for

08-08Industry

Bitcoin ETFs draw $853.5M in five-day inflow streak

U.S. spot Bitcoin ETFs attracted $853.5 million during five consecutive inflow sessions as August demand reversed the previous weeks withdrawals.　　SummaryBitcoin ETFs recorded five straight inflow daysfrom Aug. 3 through Aug. 7.Weekly net inflows reached approximately $853.5 million, according to SoSoValue.August flows are already nearly five times Julys $172.4 milliontotal.Ethereum ETFs added another $244.9 millionduring the same trading week.　　Bitcoin ETF inflows reverse previous weeks withdrawals　　U.S. spot Bitcoin ETFs opened August with $170.1 million in net inflows on Aug. 3, followed by $211.5 million on Aug. 4, according to SoSoValue.　　Inflows increased to $244.4 million on Aug. 5, the strongest session of the week. The funds subsequently added approximately $128.8 million on Aug. 6 and $98.85 million on Aug. 7.　　The five daily results produced approximately $853.5 million in combined net inflows, depending on rounding. The performance represented a roughly $915 million swing from the previous week, when the products recorded $61.5 million in net outflows.　　The streak also followed a volatile end to July. crypto.news previously reported that investors withdrew approximately $265 million from the funds on July 31. BlackRock‘s IBIT lost $123 million that day, while Fidelity’s FBTC recorded $54.8 million in withdrawals.　　You might also like:　　Hashdex to shut down $14.7M Bitcoin ETF DEFI　　BlackRock

08-08Industry

XRP Ledger privacy vote targets $530M RWA market

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.　　SummaryConfidential Transfers would encrypt MPT balances and payment amountswhile keeping accounts and token types visible.XRPL hosts about $1.38 billion in distributed assets, including $845.7 million of RLUSD.The first version supports direct MPT payments only, excluding exchange trades, escrow and checks.Activation requires 80% validator support for two consecutive weeks.　　XRP Ledger privacy amendment enters validator process　　XRP Ledger version 3.3.0, released on Aug. 6, includes six proposed amendments focused largely on institutional asset issuance and settlement.　　Confidential Transfers is the most privacy-focused proposal. It would allow users to encrypt balances and payment amounts attached to Multi-Purpose Tokens, or MPTs, which XRPL designed for assets such as tokenized funds, bonds and other financial instruments.　　Accounts involved in a payment and the type of asset being transferred would remain visible. However, outside observers would not be able to see the value held by each account or the amount sent in an individual transaction.　　You might also like:　　XRP Ledger adds Ankr nodes ahead of v3.3.0　　The ledger would use cryptographic proofs to confirm that a transaction is valid and that balances remain consistent without

08-08Industry

EU to revise MiCA rules in 2027 amid US stablecoin push

European Union officials are preparing to revise the blocs MiCA crypto framework in 2027 as foreign stablecoin restrictions and faster U.S. rulemaking expose gaps in the existing regime.　　EU officials reportedly see MiCA revision as unavoidable　　European diplomats said policymakers are expected to reopen the Markets in Crypto-Assets Regulation in 2027, according to a Euronews report.　　The planned revision would examine how MiCA treats stablecoins issued outside the European Union. Current requirements have prevented several foreign issuers from receiving authorization, limiting their access to regulated exchanges across the bloc.　　“Reopening the file seems unavoidable at this stage,” an unidentified European diplomat told Euronews.　　The diplomat cited positions taken by European institutions, including the European Central Bank, along with changes in global regulation and digital-asset technology.　　No final proposal has been published. Any amendment would need to pass through the EUs legislative process before taking effect.　　MiCA consultation could shape the 2027 proposal　　The European Commission opened a targeted MiCA consultation on May 20 to determine whether the framework remains fit for purpose following its initial implementation.　　The consultation covers developments that have occurred since MiCA entered into application. Its deadline has been extended to Sept. 30, with crypto issuers, service providers, regulators, central banks and finance ministries invited to

08-08Industry

Morgan Stanley ETF buys $15M Bitcoin during dip

Morgan Stanley‘s spot Bitcoin ETF added approximately 232.5 BTC worth $15.05 million as Bitcoin traded below $65,000, lifting the fund’s holdings above 6,500 BTC for the first time.　　SummaryMSBT added 232.5 BTC, valued at approximately $15.05 million, according to Arkham.The funds holdings increased to 6,563 BTC worth more than $426 million.BlackRock, Fidelity and Franklin Templeton also accumulated Bitcoin during the recent market weakness.MSBT launched in April with a 0.14% annual management fee.　　Morgan Stanleys Bitcoin ETF adds 232 BTC　　Blockchain intelligence platform Arkham reported that the Morgan Stanley Bitcoin Trust increased its holdings by approximately 232.548 BTC as Bitcoin remained under pressure near $65,000.　　MORGAN STANLEY: 3 DAY BTC BUY STREAK　　Morgan Stanleys MSBT BTC ETF clients have bought BTC for 3 days in a row, with the bank now holding $400M in #BTC　　Read that again – the BANKS are buying Bitcoin　　— Arkham (@arkham) August 7, 2026　　The purchase was valued at $15.05 million, implying an average price of around $64,718 per Bitcoin. It raised the funds total holdings to 6,563 BTC, worth more than $426 million at current market prices.　　The transaction marked the first time MSBT‘s Bitcoin balance exceeded 6,500 BTC. It also expanded the fund’s holdings during a period when Bitcoin traded below the

08-08Industry

CLARITY Act gets September vote after Senate filing

The U.S. Senate has initiated the process for considering the CLARITY Act, setting up an initial procedural vote after lawmakers return from their August recess.　　CLARITY Act moves toward September vote　　Senate Majority Leader John Thune submitted the motion after a late-night voting session, according to reports released Saturday. The timing prevented the Senate from holding a procedural vote before lawmakers began their August recess.　　The filing nevertheless allows leadership to place the crypto market structure bill near the front of the Senates September agenda. Senators are expected to return to Washington on Sept. 14.　　Thune had previously confirmed that the chamber would not vote on the legislation before the recess but said leaders intended to prepare it for action upon their return.　　“Were getting that queued up first thing when we come back,” Thune said in a statement reported before the recess.　　An initial vote would concern whether the Senate should proceed with consideration of the legislation. It would not amount to final passage. Senators would still need to debate the bill, consider amendments and hold a separate vote on approving the final text.　　Unresolved disputes could block progress　　The procedural filing does not indicate that Republicans and Democrats have reached an agreement on the provisions that

08-08Industry

Aztec bridge exploiter moves 300 ETH to Tornado Cash

A wallet linked to the Aztec Private Rollup Bridge exploit deposited another 300 ETH into Tornado Cash, bringing its total transfers to the mixer to 500 ETH.　　Aztec exploiter deposits 300 ETH into Tornado Cash　　Blockchain security firm PeckShield reported on Aug. 8 that an address labeled as the Aztec Private Rollup Bridge exploiter deposited 300 Ether into Tornado Cash.　　The ETH was worth approximately $572,000 when PeckShield issued the alert. On-chain data included in the firms report showed three separate deposits of 100 ETH each.　　PeckShield said the latest transactions raised the wallets cumulative Tornado Cash deposits to 500 ETH. Based on the valuation attached to its alert, the total was worth roughly $953,000 at press time.　　Tornado Cash pools deposits and allows users to withdraw funds through different addresses. This process can obscure the direct connection between the original sending wallet and subsequent recipients, making asset tracking and recovery more difficult.　　PeckShield did not identify the person or group controlling the address. There was also no immediate indication that any of the transferred funds had been recovered.　　Private Rollup Bridge lost $2.165 million　　The latest transfers relate to an exploit that affected Aztecs Private Rollup Bridge in June. Reports at the time placed the loss at

08-08Industry

Coinbase CEO says CLARITY delay will not slow crypto adoption

Coinbase CEO Brian Armstrong said crypto adoption will continue through stablecoins, tokenization and expanding digital asset markets despite the Senate delaying the CLARITY Act.　　SummaryArmstrong said crypto momentum continuesregardless of the congressional timetable.Senate leaders postponed the CLARITY Act vote until Septemberafter negotiations failed to produce an agreement.Stablecoin rewards, political ethics and illicit finance safeguards remain central points of dispute.Coinbase shares closed Friday at $153.60, gaining about 5.7% during the session.　　Armstrong points to adoption beyond Congress　　Armstrong described the Senates failure to advance the CLARITY Act before its August recess as disappointing but argued that the delay had not stopped companies and consumers from adopting digital assets.　　In an Aug. 7 post on X, the Coinbase executive pointed to increased stablecoin use, developing markets for tokenized real-world assets and broader access to perpetual futures. He also said regulators were already providing companies with greater clarity in some areas.　　“The momentum behind this technology keeps growing with or without a congressional calendar,” Armstrong said.　　The Senate didnt move the CLARITY Act this week. Thats disappointing, but I appreciate @LeaderJohnThunes commitment to bringing the bill up in September. After all the work thats gone into this legislation, everyone wants it done so they can move forward.　　The CLARITY Act:

08-08Industry

Coldcard exploit pushes July losses to $247M as second-worst month of 2026

July emerged as the second-worst month of 2026 for cryptocurrency thefts, largely due to the recent Coldcard exploit.　　Hackers stole $247.4 million in crypto in July, the most this year after the $644 million stolen in April, according to DefiLlama data. The total was more than triple the $75 million stolen in June and the $60 million stolen in May.　　The Coldcard exploit was the month‘s biggest exploit, with at least $100 million in Bitcoin (BTC) stolen from 7,300 wallets across three confirmed attack waves, according to Galaxy Digital. The company also identified a suspected fourth wave that could bring total losses to about $130 million. DefiLlama’s hack tracker estimates losses tied to the Coldcard exploit at $115 million.　　“July showed that even cold storage does not eliminate technological risks, which can put thousands of wallets at risk simultaneously,” research platform CryptoRank said in a Thursday X post.　　Other notable July exploits included a $9 million hack against decentralized finance protocol Bonzo Lend, $2.6 million stolen from Cardano-based wallet SecondFi, $24 million stolen from Arbitrum-based perpetual exchange AFX and $7.5 million stolen through the Verus Ethereum Bridge.

08-08Industry

Trump Media and Crypto.com end partnerships as companies shift priorities

Quick TakeThe parent company of the Truth Social social media platform and Crypto.com are ending partnerships amid shifting priorities.Crypto.coms native token CRO dropped slightly amid the announcement.　　Trump Media, the parent company of Truth Social, and Crypto.com are ending two partnerships amid updated corporate strategies, according to a statement Friday.　　Crypto.com said that the two companies had mutually decided to terminate their partnership to establish Trump Media Group CRO Strategy, Inc. as a result of “prevailing market conditions and shifting business and stakeholder priorities.”　　Trump Media Group CRO Strategy, Inc. was essentially a proposed SPAC deal to create a new, publicly traded digital asset treasury company that accumulated CRO, Crypto.coms native token. In August 2025, Trump Media, Crypto.com, and Yorkville Acquisition Corp. agreed to turn Yorkville into a (CRO) treasury company.　　Crypto.com also said it will no longer service Yorkvilles plans to offer ETFs. The companies had announced plans to launch multiple exchange-traded funds (ETFs) under the Truth.Fi brand, including multiple crypto ETFs.　　“Yorkville Americas business and plans for its existing and future ETF offerings remain unchanged,” according to Crypto.coms announcement.　　The crypto exchanges native token dropped slightly amid news of the Trump Media partnerships ending, and was down about 4% as of 4:40 p.m. EST,

08-08Industry

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