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Key Takeaways In a significant verdict for crypto regulation, Tornado Cash co-founder Roman Storm was found guilty by a Manhattan jury for conducting an unlicensed money transmitting service. The jury was unable to reach a verdict on two additional charges—money laundering and sanctions violations. Guilty on One Count, Deadlocked on Others After four days of … Read more

Key Takeaways Coinbase will impose a 0.1% fee on USDC-to-USD net conversions beyond $5 million within a 30-day window, effective August 13. Previously, conversions up to $40 million were fee-free. The change follows two quarters of underwhelming revenue performance for the exchange. “Running an Experiment,” Says Coinbase Bankless co-founder Ryan Adams voiced concern, calling the strategy … Read more

Key Takeaways Base, Coinbase’s Ethereum layer‑2 chain, went offline for 33 minutes on August 5 after its backup sequencer failed to produce blocks. The incident began when the primary sequencer fell behind, triggering an automated switch to an improperly configured backup system—causing significant downtime. Unprepared Backup Sequencer Triggers Halt At 06:07 UTC, Base’s Conductor system automatically switched … Read more

Key Takeaways As traditional markets reopened on Monday, Bitcoin surged towards $116,000, drawing attention to liquidity clusters and CME gap mechanics. Analysts say reclaiming that level could validate continued strength, while ETF flows will reveal whether institutions are buyers or retreating again. Bitcoin Battles Major Liquidity Walls Traders pointed to a concentration of sell orders … Read more

Key Takeaways Entrepreneur David Bailey, known for advising former President Trump on Bitcoin strategy, is preparing to form a political action committee (PAC) with ambitions to raise up to $200M. The stated goals include pro‑Bitcoin legislation, policy changes, and even long-term price elevation targets. Ambitious Vision from Price Extremes to Policy Bailey proposes setting Bitcoin … Read more

Key Takeaways Qubic, the mining pool behind a planned 51% takeover of Monero, claims it suffered a DDoS attack that slashed its hashrate. The incident appears timed with Monero community efforts to block the takeover and raise questions about on-chain defenses and attack attribution. “Attack” Claims Disputed by Network Metrics Despite Ivancheglo’s X posts claiming … Read more

Key Takeaways Coinbase CEO Brian Armstrong has slammed the UK’s advertising framework after broadcasters banned its satirical TV ad “Everything Is Fine.” The one-minute musical parody—highlighting economic frustration—was reportedly pulled without formal action by the Advertising Standards Authority. Armstrong says the move chills innovation and vowed to run similar ads in other regions. Pushback Over … Read more

Key Takeaways Justin Sun, founder of Tron, has completed a successful suborbital flight aboard Blue Origin mission NS‑34, returning with a renewed appreciation for Earth’s vulnerability. A long-time goal realized, Sun was joined by five other passengers in this commercial space venture. A New Perspective from Orbit Sun bid $28 million in 2021 for the … Read more