Latest Reporting by CoinDesk
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Crypto made new friends in U.S. primaries, but focus now shifts to general election
A cryptocurrency-focused political action committee, Fairshake, backed several winning candidates in U.S. primary elections, including incumbent Jake Auchincloss in Massachusetts. The group’s influence now shifts toward the general election in November. The outcome highlights growing bipartisan engagement with crypto policy among U.S. lawmakers.
This signals potential shifts in U.S. cryptocurrency regulation and policy ahead of the general election, with implications for the industry's future legal and economic landscape.
New Jersey becomes first state to ask Supreme Court to weigh in on prediction markets
New Jersey has petitioned the U.S. Supreme Court to resolve conflicting rulings from lower courts regarding the legality of state-level restrictions on prediction markets, particularly those tied to sports betting. The move seeks a definitive interpretation of whether states can enforce bans on these platforms. The Supreme Court’s potential intervention could set a national precedent for the regulation of prediction markets.

Crypto Long & Short: Crypto VCs are mistaking consensus for discipline
In this week's Crypto Long & Short, Varun Datta of Truth Ventures writes that crypto venture capital's retreat to later-stage deals is a consensus trade dressed as discipline. With proven companies taking 57% of last quarter's capital, he argues the founding-stage gap is where the returns are, and lays out three things to look for.

CrowdStrike and federal authorities dismantle Russian malware that secretly stole crypto for 8 years
Russia-based Sality watched for copied bitcoin and Ethereum addresses and quietly replaced them with the attacker’s. CrowdStrike and law enforcement have now isolated more than 15,000 infected machines.

The token supercycle: everything of value is becoming programmable
Tokenization is not just about increasing access to tokens, whatever they may represent, but a fundamental shift in how value is created, owned, financed and moved, argues Solana Foundation’s Lily Liu.

The bearish 'Bart Simpson' pattern is back as bitcoin and XRP prices pull back
Analysts discuss the cartoon-themed price action as prices for major cryptocurrencies wilt.

Capital B aims to add 376 BTC to bitcoin treasury following $8.8 million Adam Back investment
The Euronext Growth Paris-listed firm issued 13,181,030 shares with four warrants each at 58 euro cents per share, according to a filing on Wednesday.

A Fed rate increase would be a mistake, some observers say as bitcoin, gold, stocks fall
Your day-ahead look for Sept. 2, 2026

Lawsuit challenges Tether for allegedly freezing $42.4 million USDT before U.S. warrant
The plaintiffs allege that Tether acted in response to an informal U.S. law-enforcement request more than three months before a seizure warrant was issued.

Bitcoin slips below $76,500 as U.S. strikes on Iran send oil above $93
Bitcoin fell 1% since midnight as Brent jumped past $93 and Treasury yields climbed toward 4.8%.

Former UK Prime Minister Liz Truss says bond rout could force emergency spending cuts
The former prime minister said U.K. is among the worst examples of rising debt and warns the situation may have gone too far.

Live updates: Bitcoin trades near $77,000, with central bank policy rate decisions taking center stage
The ADP reported private-sector job growth of just 38,000, missing forecasts and marking the weakest level since January.

XRP ETFs pull in $170 million over 11 days. Goldman tops institutional holders
Spot XRP funds have logged 11 straight sessions of inflows, while Q2 filings show Goldman Sachs, Jane Street and Millennium among their biggest professional holders.

A China indicator that supports risk-taking in stocks and bitcoin is flashing red
China's "credit impulse" is flashing red for risk assets. So far, bitcoin has mostly shrugged it off.

OpenAI says its new 'Astra' AI can build attacks without human help
Astra is the first OpenAI model to reach its “Critical” cybersecurity threshold, meaning it can find previously unknown vulnerabilities and develop ways to exploit them across hardened systems.

Solana, ether, xrp lead majors slide as Iran strikes drive a broad risk selloff
Every large-cap token fell over the past 24 hours, and the high-beta majors gave up roughly triple what bitcoin did.

Bitcoin withstands $90 oil and rising yields while gold slides. A firm dollar is the catch
BTC trades choppy as $90 oil and rising bond yields weigh on stocks and gold.

SEC proposes transfer agent rule, sets event to figure out round-the-clock U.S. trading
The U.S. Securities and Exchange Commission issued an agenda for its 24-trading roundtable and proposed a new transfer-agent rule with blockchain implications.

Citi, Goldman, other global banks and asset managers team up on stablecoin venture
The group will focus first on a U.S. dollar stablecoin for payments and digital asset settlement, with a euro token a priority for expansion.

Robinhood's new crypto network is printing cash, and it's sending Arbitrum's token soaring
Revenue on Robinhood Chain hit a 24-hour record of $1.9 million, driving a 30% rally in ARB as traders chased downstream gains.
