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Daily Snapshot

Today’s brief

A quick summary of today's important crypto news.

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Strategy’s STRC rebounds 30% as company builds cash reserve, bitcoin price stabilizesBitcoin sales, a $4 billion cash reserve, and $975 million repurchase program supported the recovery.

Crypto's campaign efforts see rare loss, but crypto roster in Congress likely to growFairshake spent $2 million in Detroit primary and lost, though several PAC-backed candidates won elsewhere.

Coldcard exploit could boost demand for regulated bitcoin exposure, analysts sayCantor sees positive read-through for custody providers; FRNT says breach may drive investors toward bitcoin ETFs.

SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdingsCompany beat revenue forecasts but incurred $540 million loss on bitcoin holdings ahead of major insider share unlock.

RedotPay says it will defend itself ‘vigorously’ against Binance lawsuitBinance alleged RedotPay poached customers from the crypto exchange in a Hong Kong lawsuit.

Crypto Long & Short: Putting the bitcoin sizing question to the testGregory Mall backtests bitcoin in a 60/40 across regimes, showing how holding method matters as much as amount.

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Newsletter

Headlines that matter across crypto markets.

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Chainlink Just Saw Its Biggest Exchange Outflow Since June – Bulls Are Watching

Chainlink Just Saw Its Biggest Exchange Outflow Since June – Bulls Are Watching

Aug 5, 2026

Crypto firm RedotPay says it will defend itself ‘vigorously’ against Binance lawsuit

Crypto firm RedotPay says it will defend itself ‘vigorously’ against Binance lawsuit

Aug 5, 2026

Meta Debuts AI Coding Agent Muse: Here’s How It Compares to Claude Code and Codex

Meta Debuts AI Coding Agent Muse: Here’s How It Compares to Claude Code and Codex

Aug 5, 2026

White House Now Reviewing Crypto Clarity Act Ethics Text Ahead of August Deadline: Report

White House Now Reviewing Crypto Clarity Act Ethics Text Ahead of August Deadline: Report

Aug 5, 2026

Senator Warren questions US AI chip policy after Trump crypto investment: Report

Senator Warren questions US AI chip policy after Trump crypto investment: Report

Aug 5, 2026

XRP Ledger Eyes Major Multisig Upgrade Targeting Institutional Custody

XRP Ledger Eyes Major Multisig Upgrade Targeting Institutional Custody

Aug 5, 2026