US Helps Prop Up Yen, but Japan Demands Trump Drop the Pokémon Memes
The US joined Japan to defend the yen, but Tokyo is still pressing Washington to stop its Mario and Naruto memes.
Real-World Asset Deposits Jump to $7.4 Billion Through DeFi Downturn
Deposits of tokenized real-world assets across decentralized finance more than tripled to $7.4 billion over the past year, even as total funding in the sector declined. CoinShares highlighted the split in its latest report with Token Terminal, noting that demand for tokenized assets is now driven by utility rather than by crypto market cycles. Tokenized
CLARITY Act Stalls in Senate as Political Divisions Push Crypto Bill Into September
The Senate shelved its landmark crypto bill before recess.
Government Auditors Question Evidence Behind DOGE’s $110 Billion Savings Claim
The Government Accountability Office found that the Department of Government Efficiency’s (DOGE) Wall of Receipts includes savings estimates that are incorrect or lack supporting evidence, casting doubt on the $110 billion the entity claims it cut from federal spending. The report examined the DOGE Wall of Receipts, the public ledger the initiative used to…
MARA and CleanSpark Post $851 Million in Combined Quarterly Losses
MARA Holdings (MARA) and CleanSpark (CLSK) reported heavy losses on August 6, extending a slump across public Bitcoin (BTC) miners as falling prices triggered large non-cash valuation losses. Both firms leaned on their pivot toward artificial intelligence and data center infrastructure, joining rivals TeraWulf, Core Scientific, and Cipher in betting that…
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