Senate won't vote on crypto Clarity Act before its summer break

The U.S. Senate won't go on its August recess just yet but it will not vote on the Clarity Act this month, dimming hopes that the bill can become law this year.

source https://www.coindesk.com/policy/2026/08/06/senate-won-t-vote-on-crypto-clarity-act-before-its-summer-break

Power struggle erupts at Ondo Finance after founder’s death

Three Delaware court filings reveal a battle for control of Ondo Finance after founder Nathan Allman's death.

source https://www.coindesk.com/policy/2026/08/06/power-struggle-erupts-at-ondo-finance-after-founder-s-death

CASHCAT jumps 120% in a week as Robinhood Chain hits $774 million of value locked

The memecoin that defined the chain's debut has recovered to an $86 million cap. Tokenized assets, the chain's stated purpose, sit at $27.6 million.

source https://www.coindesk.com/markets/2026/08/05/cashcat-jumps-120-in-a-week-as-robinhood-chain-tvl-hits-usd774-million

Here are the possible outcomes for Clarity right now

The Senate has not yet indicated if it will advance the Digital Asset Market Clarity Act, and with its summer recess looming, here are the possible outcomes.

source https://www.coindesk.com/policy/2026/08/05/here-are-the-possible-outcomes-for-clarity-right-now

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

Binance alleged RedotPay poached customers from the crypto exchange in a lawsuit filed in Hong Kong.

source https://www.coindesk.com/business/2026/08/05/binance-sues-redotpay-for-usd470-million-claiming-it-diverted-users

New Ethereum proposal would cut issuance to zero if staked ETH reaches $112 billion

The EIP-8361 draft proposal calls for burning a rising share of validator rewards as the staking ratio climbs.

source https://www.coindesk.com/tech/2026/08/05/new-ethereum-proposal-would-cut-issuance-to-zero-if-staked-eth-reaches-usd112-billion

Bitcoin flat at $64,000 as stocks print records and Hormuz deal nears

BTC held near $64,000 as MSCI's world index set another peak and Brent fell toward a Hormuz deal. Ether is the only major down on the week.

source https://www.coindesk.com/markets/2026/08/05/bitcoin-flat-at-usd64-000-as-stocks-print-records-and-hormuz-deal-nears