Saylor Holds as Strategy Sells

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Good Morning,

Here's a quick preview of today's content: Former FBI agent charged with stealing $1M in crypto, Robinhood wins UK crypto registration, BlackRock launches tokenized money market funds, FalconX cuts 10% of workforce, Trump family's American Bitcoin tops 8,000 BTC, and so much more

Happy Tuesday - Let's dive in.

Market Snapshot

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• Bitcoin slips under $63,000 despite Iran deal hopes as a Coldcard exploit rattles the market for a fifth day

  • BTC and ETH decline on exploit losses

  • DEXs capture a record 24% of spot crypto trading in July as CEX volumes sink

• Crypto card volume hits $748.7M in July for a fifth straight monthly gain as broader trading weakens

Prediction Markets

• Bettors on Polymarket are predicting best AI model end of 2026?

• Track and trade live odds on any event, only on Polymarket

Headline Roundup
^{_{The major headlines driving crypto markets}}

• Michael Saylor says he's never sold his personal bitcoin (TB)

• Trump family's American Bitcoin tops 8,000 BTC (DC)

• Strategy sells $105M BTC as reserve hits $4B (DC)

• Coldcard losses near $114M as transfers spike (DC)

• American Bitcoin president Matt Prusak departs (CD)

• Tom Lee's Bitmine buys more Ethereum (DC)

• FalconX cuts 10% of workforce (CT)

• Bithumb targets 2028 IPO (DC)

• Robinhood's second fund targets Y Combinator startups (TD)

• Bitget set to exit Japan (CD)

• Polymarket and Kalshi's combined volume reaches all-time high (TB)

• XRP holders can borrow RLUSD without selling (DC)

• Tornado Cash logs busiest day of 2026 (TD)

• HashKey receives JPMorgan approval to open account (CT)

• Solo bitcoin miner scores $200K BTC reward (DC)

• Ripple invests in ZILO and Licuido (TB)

• Hashdex closes smallest Bitcoin ETF (CT)

• Flap overtakes Pump.fun in daily revenue (TD)

• Kenya moves 30M credentials onto blockchain (CT)

• Proof of Attendance Protocol shuts down (TB)

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Venture Capital

• Datahive AI, a decentralized data platform, raises $3.5M from Solana Ventures, 6th Man Ventures, Alliance Venture and more (X)

Access the complete VC deal flow on Fundable.

Launches

• BlackRock launches tokenized money market funds (DC)

• BitGo launches Link (TB)

Regulation

• Crypto Clarity Act risks more delay (BM)

• Robinhood wins UK crypto registration (CD)

• Bessent's top crypto adviser exits (CD)

• Kalshi invokes Nasdaq and Airbnb in lawsuit defense (TB)

• Blockchain Association counters National Sheriffs' group claims (TB)

Cybersecurity

• Former FBI agent charged with stealing $1M in crypto (DC)

• Hong Kong flags $3.3M scam with fake crypto app (TB)

• Boltz halts swaps citing AI attack (TD)

Extra Reads

• The most offline, most security-obsessed way to hold Bitcoin just leaked over $114M, not through the internet it never touched, but through a five-year-old flaw in how it generated its own keys - Here's what the Coldcard hack reveals about "unhackable" wallets

• After years of trying to put real-world assets onchain, crypto has pulled off the opposite, "Fake World Assets," an onchain lottery that lets users spin a digital gacha machine for random NFTs - Here's how "Fake World Assets" became crypto's latest craze

Chart of the Day

Bitcoin open Interest hits a 2-month high

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