Latest Crypto News & Market Updates

CLARITY Act faces Senate vote despite 60-vote gap

Senate Majority Leader John Thune plans to push the CLARITY Act toward a floor vote before the August recess, potentially forcing senators to publicly declare their positions even if the crypto market structure bill cannot overcome a filibuster.　　Thune wants senators on record over CLARITY Act　　Thune wants the Senate to begin considering the legislation before lawmakers leave Washington for their summer break, according to Punchbowl News.　　“I would like to at least get Clarity started. Well see where the votes are,” Thune said.　　A floor vote would test whether months of negotiations have produced enough bipartisan support for the Digital Asset Market Clarity Act, formally known as H.R. 3633. It would also identify the senators responsible if the bill fails to advance.　　The House passed the CLARITY Act in July 2025 with bipartisan support. The Senate Banking Committee later advanced its section of the legislation in a 15-9 vote in May 2026.　　Senator Cynthia Lummis released an updated version on July 22 that combines proposals previously approved by the Senate Banking and Agriculture committees. The Senate is scheduled to remain in Washington until Aug. 7, leaving lawmakers with a narrow period to debate amendments and hold procedural votes. Lummis‘ office confirmed that the new text

07-25Industry

Ethereum ETFs close week in red, end 5-day inflow streak

US-listed spot Ethereum exchange-traded funds (ETFs) logged $70.62 million in net outflows on Friday, ending a five-day inflow streak.　　Ethereum funds saw $211.25 million in net inflows over the previous five sessions from July 17 to Thursday, according to SoSoValue data. They still posted $103.9 million in net inflows for the week ended Friday.　　Despite the outflows, Ethereum ETFs extended their weekly inflow streak to three straight and have attracted $337.74 million in net inflows so far in July.　　Spot crypto ETF flows have become one of the markets most closely watched gauges of demand for Bitcoin (BTC) and Ether (ETH) through traditional investment products.　　Although other jurisdictions, including Hong Kong, have launched similar funds, US-listed ETFs account for the vast majority of assets and trading volumes.Daily spot Ethereum ETF net flows from July 17 to July 24. Source: SoSoValue　　Bitcoin ETFs also end week with outflows　　The reversal followed a similar pattern in Bitcoin ETFs, which ended a seven-day inflow streak on Thursday and recorded another $240.08 million in net outflows on Friday.　　Bitcoin ETFs also extended their net inflow streak to three consecutive weeks, adding $103.90 million during the week ended Friday and $233.96 million so far in July. They followed a record June, when

07-25Industry

SK Group Partners With NVIDIA To Advance AI Infrastructure Via $500B Investment

SK Group, a leading firm in semiconductors, telecommunications, and more, is driving its partnership with NVIDIA, a notable tech platform for GPUs and AI. The expansion of the partnership takes into account an investment of over $500B.　　As SK Group revealed in its official press release, the contract is set to fortify the worldwide artificial intelligence (AI) infrastructure along with advancing cutting-edge AI memory technologies. Additionally, both platforms will merge their expertise for AI workloads.　　SK Group and NVIDIAs Partnership for Asia-Pacific Expansion with Over $500B Investment　　SK Group and NVIDIAs partnership is moving forward with a staggering $500B investment. The partnership also takes into account the development of wide-ranging AI factories driven by the next-gen computing technologies of NVIDIA. Together, both companies attempt to reaffirm the AI network within South Korea as well as the wider Asia-Pacific zone. The platforms formalized the inclusive contract by signing Letters of Intent.　　Thus, the partnership reflects the rising interest in high-performance computing functionalities to back large language models, agentic AI, physical AI mechanisms, and enterprise AI apps. A crucial feature of the development takes into account SK Telecom‘s endeavors to develop a 1-gigawatt AI Cloud within South Korea. The initiative will use the DSX AI Factory

07-25Industry

Galaxy Research: Strategy must find ways to monetize its Bitcoin after digital credit framework stopgap

Alex Thorn, the head of firmwide research at Galaxy Research, shared Galaxy‘s analysis on X, adding his voice to the debate regarding Strategy’s newly announced Digital Credit Capital Framework.　　The new rules have sparked a debate about whether or not they will solve the companys capital-structure problems or simply delay them.　　How does Strategys new capital framework operate？　　Strategy (Nasdaq: MSTR) recently disclosed a new “Digital Credit Capital Framework” in a 8-K regulatory filing.　　Cryptopolitan reported that the framework grants the company formal permission to sell up to $1.25 billion worth of Bitcoin. Notably, the firm is facing a massive unrealized loss of roughly $14 billion on its holdings of 847,363 BTC.　　The framework creates a formal USD reserve policy that introduces revised dividend terms for its STRC preferred shares, and authorizes separate repurchase programs for both preferred stock and MSTR common shares at $1 billion each.　　The board has kept aside the companys $2.55 billion cash reserve, restricting its use to preferred dividends and debt interest.　　If the current spending rates of roughly $1.76 billion annually are retained, this reserve is expected to last for about 17 months. If the full authorized sale of Bitcoin were to be executed, total liquidity would stretch to approximately $3.8

07-25Industry

Triple-A hot wallets lose $9.7M in suspected exploit

Triple-As hot wallets appear to have lost more than $9.7 million across several blockchains, with the suspected attacker swapping the assets and consolidating the proceeds on Ethereum.　　What happened to Triple-As hot wallets　　On-chain analyst Specter first identified suspicious transactions involving hot wallets linked to Triple-A, a Singapore-based provider of stablecoin payment infrastructure.　　Specter initially estimated that more than $9.3 million had been removed, swapped, and transferred across chains to Ethereum. Blockchain security firm PeckShield later amplified the alert, while subsequent estimates placed the suspected loss above $9.7 million.　　The activity reportedly affected Triple-A wallets operating on Ethereum, Solana, TRON and TON. Some reports also identified transactions involving Polygon and Arbitrum, potentially expanding the incident to six networks.　　Triple-A had not publicly confirmed the exploit at the time of writing. The company has also not disclosed when the suspicious activity began, how its wallets were accessed, or whether the affected assets belonged to Triple-A, its business customers, or payment recipients.　　Without a company statement or technical investigation, the incident remains a suspected hot-wallet compromise rather than a confirmed protocol exploit.　　Stolen assets were consolidated into Ethereum　　On-chain data cited by security researchers showed that the transferred assets were exchanged and bridged to Ethereum after leaving the affected wallets.　　The

07-25Industry

Across Protocol relayer loses under $4M in Solana attack

Across Protocols Risk Labs-operated relayer lost less than $4 million after an attacker fabricated $41.7 million in Solana deposit events, according to a post-incident report released by the cross-chain protocol.　　Across attacker forged 1,627 Solana deposits　　The attack occurred between 05:07 and 06:14 UTC on July 17, according to the Across Protocol post-mortem. The attacker used 1,627 single-use Solana wallets to create the same number of fake deposit events.　　Those deposits carried a combined face value of approximately $41.7 million and requested payments across 18 destination chains. Across reported that the funds were directed toward one recipient address on an Ethereum Virtual Machine-compatible network.　　Risk Labs relayer filled 581 requests before Across stopped Solana operations. Those payments represented about 35.7% of the fraudulent requests but only 10.8% of their stated value.　　The relayer advanced approximately $4.5 million of its own capital. Across invalidated the remaining 1,046 requests, preventing about $37 million in additional payouts.　　Approximately $500,000 belonging to the attacker remained trapped within the protocol. Across deducted that amount from the gross payout to place its net loss below $4 million.　　Why Across users avoided the relayer loss　　Across attributed the breach to a flaw in Risk Labs off-chain event-reading software rather than a vulnerability in its smart

07-25Industry

Mega Millions Jackpot Hits $800 Million—Heres What The Winner Could Take Home

Topline　　The Mega Millions jackpot reached $800 million after no jackpot or second prize winners were announced following Fridays drawing, though winning the biggest lottery prize of the year will come with a smaller payout after taxes and deductions.　　The next Mega Millions drawing is scheduled for Tuesday night.　　Photo illustration by Jakub Porzycki/NurPhoto via Getty Images　　Key Facts　　The winning numbers drawn Friday night were 2, 5, 42, 44, 60 and gold Mega Ball 1.　　If a participant wins the next draw Tuesday night, they will choose between 30 annual installments of an estimated payout of $800 million or a lump sum of $344.2 million.　　A winner who chooses the cash payout will see their winnings drop to about $261.6 million after immediate federal taxes of 23% are applied.　　The winner will also eventually be subject to a federal marginal rate as high as 37% since they will be pushed into a higher tax bracket, dropping their winnings down to about $216.9 million.　　Installment payments of $26.6 million would fall to about $16.8 million after the 23% and 37% federal taxes are applied.　　The winner could experience further taxes depending on where they live, as states like New York tax lottery winnings at 10.9% while others such as Texas,

07-25Industry

Netflix Released ‘Heartstopper: Forever’ And No One Seems To Notice

At one point, Heartstopper was one of the most talked-about series on Netflix with sky-high critic scores for the show about a love story between two teens. Now？ We have gotten to a point where the series finale of the show, which instead is a two-hour movie, came and went largely without a whisper.　　That is Heartstopper: Forever, a film adapting the final graphic novel of the series, the movie being released a week ago on Netflix. But if you didnt know that, no one would blame you. The movie failed to chart on the US top 10 movie list at all, and was nowhere on the global chart. It briefly did well in the UK, but that was about it.　　Its a strange ending for a show that boasts one of the highest critic and audience score combinations in Netflix history, a 98% and 95% on Rotten Tomatoes respectively across three full seasons. And Heartstopper definitely did have stellar viewership for a time.　　It‘s not clear precisely why this decision was made back in 2025 to release the “final season” as a film instead. It’s possible that declining viewership led to Netflix questioning another full season, but not wanting to end such

07-25Industry

Will Ripple Burn 32 Billion XRP In Escrow？ Crypto Pundit Unleashes The Truth Behind FUD

Fears of Ripple burning its approximately 32 billion of XRP that is currently held in escrow have surfaced again in the crypto community. However, crypto commentator and Digital Ascension Group Chairman Jake Claver says thats not possible as of now. He said that since the XRP Ledger is based on decentralized validator consensus, which could save the XRP in escrow from any kind of burn activities.　　Can Ripple Burn Its 32 Billion XRP Held In Escrow？　　Based on XRPScan data, currently a stash of around 32.45 billion XRP is locked in escrow. Meanwhile, theres approximately 67.53 billion XRP in circulation, and the total supply of XRP on the XRP Ledger is set at 100 billion.　　Almost 1.44 million XRP has been permanently burned due to transaction fees. Hence, the total amount of XRP available to be burned is nearly 99.99 billion of which Ripple owns around 32% stake.　　In response to the rumors swirling around X, Claver wrote, “‘Will Ripple just burn the escrow？’ They cant.” He said that Ripple operates three out of 35 trusted validators, while any change to the protocol needs to get 80% of the validators to agree.　　‘Will Ripple just burn the escrow？’ They cant. Ripple runs 3 of 35

07-25Industry

Cardano Founder Blasts Ark Invest Directors Bias Over Criticism

Cardano founder Charles Hoskinson addressed criticism from Director of Research of the Digital Asset team at Ark Invest, Lorenzo Valente, in an X post.　　Valente, in an X post, had questioned why Cardano continues to receive industry attention, criticizing its continued prominence in the space. He claimed that the crypto sector undermined its own credibility by continuing to invite Cardano founder Charles Hoskinson to conferences, accepting sponsorships, and featuring Cardano in podcasts.　　“It‘s 2026, and we’re still talking about Cardano. Were still inviting Charles to conferences, treating Cardano as newsworthy, accepting its sponsorship money, and giving it airtime on podcasts. Then we wonder why this industry struggles for credibility. We deserve the reputation we have. No serious industry keeps rewarding irrelevance like this,” Valente wrote.　　Risk of XRP Losing $1 Just Spiked Up, Will Zcash (ZEC) Retain $500？ Hyperliquids (HYPE) $70 Bounce Is Possible: Crypto Market Review　　Coinbase‘s Armstrong Reacts to Nvidia CEO’s Very First Tweet　　Engaging with Valente‘s post, Hoskinson responded, pointing out the Ark Invest Director of Research’s bias outright. Hoskinson dismissed the criticism, suggesting that the comments reflected personal bias rather than an objective assessment of Cardano.　　“Well, I don‘t think I’ll get a fair shake from ARK Invest anytime soon ???? Its

07-25Industry

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