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

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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

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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

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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

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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:

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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.

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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,

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CFTC warns prediction markets over gambling-style odds

The CFTC has warned regulated prediction markets against displaying American-style gambling odds as state authorities intensify efforts to classify sports event contracts as unlicensed betting.  CFTC warns prediction markets over odds displays  The Commodity Futures Trading Commission instructed regulated prediction market platforms not to display contracts using American-style gambling odds, according to an Aug. 7 Bloomberg report.  American odds typically show potential returns using positive and negative numbers, such as +150 or -200. Sportsbooks commonly use this format, while prediction markets usually price contracts between $0 and $1 based on the implied probability of an event.  The CFTC also reminded registered entities that event contracts remain subject to U.S. derivatives laws. Platforms must avoid “deceptive” practices when listing, advertising, or soliciting trades in these products.  The guidance suggests that federal registration does not allow prediction markets to advertise their products in a manner that makes them indistinguishable from conventional sportsbooks. It comes as the agency continues defending its authority over event contracts against state gaming regulators.  The CFTC maintains that designated contract markets fall under its exclusive jurisdiction through the Commodity Exchange Act. State officials argue that contracts tied to sporting events constitute wagers and require local gambling licenses.  State lawsuits challenge CFTC jurisdiction  New York became the

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SharpLink opposes Ethereum plan to cut staking yield to zero

SharpLink CEO Joseph Chalom has opposed an Ethereum proposal that could eventually eliminate issuance-based staking rewards, warning that the change may weaken ETHs appeal to institutions and raise capital costs across decentralized finance.  SummarySharpLink opposes tapered issuance burn, arguing that native yield helps distinguish Ethereum from Bitcoin.Validator issuance rewards would fall to zero near a 50% staking ratiounder the proposal.SharpLink stakes nearly all its ETH and has earned more than 18,000 ETHin rewards.Chalom supports controlling issuance but wants Ethereum to rely on its existing base-fee burn.  SharpLink challenges Ethereum staking proposal  Chalom said the proposed issuance model would damage one of Ethereums main economic advantages by gradually destroying part of the rewards paid to validators.  The SharpLink executive referred to the plan as EIP-8363. However, the mechanism he described matches EIP-8361, the Tapered Issuance Burn proposal previously covered by crypto.news.  EIP-8361 would burn a growing percentage of consensus-layer rewards as more ETH enters staking. The burn rate would reach 100% when approximately 60.25 million ETH, or about half of Ethereums current supply, is staked.  You might also like:  SharpLink buys more Ethereum as ETH heads for rare quarterly slump  Validators would then stop receiving newly issued ETH but could continue earning transaction priority fees and maximal extractable value.

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SpaceX stock rallies 14% as lockup fears fade

SpaceX stock surged 14% on Friday after an analyst upgrade, softer U.S. jobs data, and limited insider selling eased pressure on the recently listed company.  SummarySPCX climbed 14.09% to $131.06, extending its rebound from an August low near $105.Argus upgraded SpaceX to Buyand maintained a $160 price target.Up to 911.5 million insider sharesbecame eligible for sale without triggering the feared sell-off.Weak U.S. payroll data reduced expectationsfor another short-term Federal Reserve rate hike.  SpaceX stock jumps after Argus upgrade  Space Exploration Technologies Corp. traded at $131.06 as of 3:26 p.m. EDT, up $16.14 for the session. The stock opened near $115 before rising above $120 and accelerating toward $131 during afternoon trading.  Source: Yahoo Finance  Fridays rally followed a 6.1% gain on Thursday, reversing part of the 13.6% decline recorded after SpaceX released its first quarterly results as a public company.  Argus Research helped drive the latest move by upgrading SpaceX from Hold to Buy. The firm maintained a $160 price target, implying further upside from the stocks Thursday close.  Argus pointed to SpaceXs second-quarter performance despite concerns about its planned spending on artificial intelligence infrastructure. The company reported $7.8 billion in revenue, up 92% from a year earlier and above the roughly $6.8 billion expected by analysts.  SpaceX

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