Crypto World Echo

Valkyrie amends Bitcoin Fund S-1 filing with enhanced custody and valuation rules

Valkyrie Investments refiled an amended Form S-1 with the Securities and Exchange Commission on Thursday for its Valkyrie Bitcoin Fund, adding more precise rules around custody, valuation, seed investments, and risks as the cryptocurrency investment vehicle awaits regulatory approval to trade on Nasdaq. The new filing updates the index used to value the fund’s Bitcoin from Lukka Prime to the CME CF Bitcoin Reference Rate – New York Variant, which calculates the reference rate as of 4 PM Eastern

Digital asset SPAC delays crucial merger vote, leaving a deeply undercapitalized Old Glory Bank waiting on a $50M lifeline

Digital Asset Acquisition Corp., the SPAC seeking to combine with the parent of regulated bank Old Glory Bank, postponed the shareholder vote on the deal to 10 a.m. Eastern Time on Aug. 14 from July 31.The original meeting date fell two days after the stated July 29 redemption deadline. DAAQ said in a July 31 filing that it would continue soliciting proxies but gave no reason for the delay.The postponement did not automatically reopen redemptions. DAAQ's final prospectus says investors could wit

Iran rejects diplomacy, force may be needed: ex-Clinton adviser Penn

<p>Increased military tensions may arise as skepticism grows over diplomacy's effectiveness in resolving Iran's regional and nuclear issues.</p><p>The post <a href="https://cryptobriefing.com/iran-rejects-diplomacy-force-may-be-needed-ex-clinton-adviser-penn/">Iran rejects diplomacy, force may be needed: ex-Clinton adviser Penn</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

New York sues Kalshi over illegal gambling violations, seeks up to $36 billion in penalties

<p>The lawsuit could reshape the regulatory landscape for prediction markets, impacting their operations and investor confidence nationwide.</p><p>The post <a href="https://cryptobriefing.com/new-york-sues-kalshi-gambling-violations/">New York sues Kalshi over illegal gambling violations, seeks up to $36 billion in penalties</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Improvised bomb kills 3 at upscale Moscow restaurant, 15 injured

<p>The bombing heightens domestic security concerns in Russia, potentially straining relations with NATO and impacting international diplomacy.</p><p>The post <a href="https://cryptobriefing.com/improvised-bomb-kills-3-at-upscale-moscow-restaurant-15-injured/">Improvised bomb kills 3 at upscale Moscow restaurant, 15 injured</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Deadline for classified US government benchmark for frontier AI models passes with no public announcement

<p>The missed deadline highlights potential challenges in government oversight of AI, possibly affecting open-source innovation and regulatory balance.</p><p>The post <a href="https://cryptobriefing.com/classified-ai-benchmark-deadline-passes/">Deadline for classified US government benchmark for frontier AI models passes with no public announcement</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Schumer criticizes Trump’s Iran strategy amid rising conflict, economic pressures

<p>Schumer's critique highlights potential long-term geopolitical instability and economic strain, complicating future U.S.-Iran diplomatic efforts.</p><p>The post <a href="https://cryptobriefing.com/schumer-criticizes-trumps-iran-strategy-amid-rising-conflict-economic-pressures/">Schumer criticizes Trump&#8217;s Iran strategy amid rising conflict, economic pressures</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Iran-linked exchange sent $676M to Binance in sanctions-evasion scheme: Reuters

<p>The alleged sanctions-evasion scheme complicates U.S.-Iran nuclear talks, potentially reducing the likelihood of reaching a deal.</p><p>The post <a href="https://cryptobriefing.com/iran-linked-exchange-sent-676m-to-binance-in-sanctions-evasion-scheme-reuters/">Iran-linked exchange sent $676M to Binance in sanctions-evasion scheme: Reuters</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Iran threatens infrastructure retaliation as geopolitical risk clouds crypto markets

<p>Iran's infrastructure threats could destabilize regional crypto markets, impacting global Bitcoin hash rates and highlighting geopolitical risks.</p><p>The post <a href="https://cryptobriefing.com/iran-infrastructure-threat-bitcoin-crypto-markets/">Iran threatens infrastructure retaliation as geopolitical risk clouds crypto markets</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Binance linked to Iranian money-moving operation tied to illegal gambling and sanctions evasion

<p>The incident underscores the vulnerabilities in global crypto regulations, highlighting the need for stricter oversight to prevent illicit activities.</p><p>The post <a href="https://cryptobriefing.com/binance-iran-shelbit-sanctions-evasion-gambling/">Binance linked to Iranian money-moving operation tied to illegal gambling and sanctions evasion</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

One public crypto firm just staked its way to breaking even, but a $50M paper loss and 66% dilution threat tell a darker story

Stablecoin Development Corporation, a public company built around holding and staking Sky Protocol's SKY governance token, reported that $2.2 million of second-quarter staking revenue roughly matched its company-defined cash operating expenses.The comparison used reported dollar values: SDEV received the rewards in SKY and sold none during the quarter, meaning SDEV would need to sell tokens before using the rewards to pay operating costs.SDEV calculated cash operating expenses, a non-GAAP measur

Suriname oil sector poised for growth amid Middle East tensions, $26B project key

<p>Suriname's oil sector growth could bolster its economy, positioning it as a key player amid global market shifts and geopolitical tensions.</p><p>The post <a href="https://cryptobriefing.com/suriname-oil-sector-poised-for-growth-amid-middle-east-tensions-26b-project-key/">Suriname oil sector poised for growth amid Middle East tensions, $26B project key</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Russia destroys 1.5M Ukrainian books in drone strike targeting culture

<p>The destruction of Ukrainian cultural assets may signal a strategic shift, complicating Ukraine's efforts and impacting military dynamics.</p><p>The post <a href="https://cryptobriefing.com/russia-destroys-15m-ukrainian-books-in-drone-strike-targeting-culture/">Russia destroys 1.5M Ukrainian books in drone strike targeting culture</a> appeared first on <a href="https://cryptobriefing.com">Crypto Briefing</a>.</p>

Moonbeam just halted all user transactions, leaving late GLMR holders at mercy of an email helpdesk to recover funds

Moonbeam's standard GLMR migration window closed last night at 23:59 UTC (July 31), as its Polkadot network moved into an operational wind-down ahead of a relaunch on Base.The cutoff ended the standard route for self-custodied free balances, while exchange holdings, frozen balances, and protocol positions remained subject to separate handling.Related ReadingLatest bear market victim shows how quickly DeFi users are left behind when crypto projects move onSwell warned users to bridge out by June

Japan, US Plot Yen Rescue as Speculators Face Reckoning

Japan and the United States are preparing to unveil a joint policy as early as next week to stop speculators from driving the Japanese yen to fresh multi-decade lows. Japan Strikes First, Buying Nearly $59 Billion in a Day The move follows a dramatic week of currency action. On July 30, Japan&#8217;s Ministry of Finance [&#8230;]

A major Japanese Bitcoin mining pool just pulled the plug on its Bitcoin service just as 3 mega-miners claimed 60% of the network

By the time SBI Crypto pulled the plug on its Bitcoin pool in Japan on July 31, its seven-day average hashrate had fallen 64% in a month. Later that day, a Hashrate Index reading put Foundry USA, AntPool and F2Pool at 60% of recent blocks. The timing makes them look connected. Weekly data tell a messier story.Related ReadingA rare Bitcoin reorg just showed why six confirmations may not guarantee a final paymentA rare two-block reorg and the rise of a dominant mining pool are reviving the questio

Dice Rolls Keep Bitcoin Keys Offline, but Not Everyone Will Bother

A standard six-sided die produces about 2.6 bits of unpredictable information with every roll. That may not sound like much, but repeated enough times, those rolls can create the raw randomness needed to secure a bitcoin wallet without relying on software or an electronic component. Why a Die Roll Is So Difficult to Predict Claude [&#8230;]

Louisiana just armed crypto ATM users with a legal cheat code to demand full refunds from unlicensed operators

Starting Aug. 1, Louisiana users may cancel a virtual-currency-kiosk transaction made on or after that date and demand a full refund at any time if the machine's owner or operator was unlicensed when the transaction occurred.Act 482 puts the cost of an eligible refund on the operator. Eligibility depends on the operator's license status when the transaction occurred, so the provision does not cover every kiosk payment. The act separately preserves Louisiana's general rule requiring an operator t

Coinbase Exec ‘Relentlessly Optimistic’ on CLARITY Act Odds

Coinbase Head of Institutional Strategy John D&#8217;Agostino says he remains &#8220;relentlessly optimistic&#8221; the CLARITY Act passes, even as Wall Street odds-makers put the bill&#8217;s chances well below 50%. A Coinbase Exec&#8217;s Case for Optimism D&#8217;Agostino, Coinbase&#8217;s Head of Institutional Strategy, told reporters he is confident the Digital Asset Market Clarity Act, or CLARITY Act, will [&#8230;]

If the Fed trusts this single 2.2% metric, Bitcoin could break $65.3k and ignite a path to $68k

Bitcoin is trading near $63,000, with rate markets assigning roughly 66% odds to a September Federal Reserve hike, under a policy framework Kevin Warsh has left partly hidden.The Fed chair has defined his reaction function around “underlying inflation,” then declined to disclose how he weighs the indicators that produce that judgment.The official dashboard spans 1.5 percentage points: headline PCE runs at 3.7%, core PCE at 3.3%, the Atlanta Fed’s sticky-price CPI at 2.8%, Cleveland Fed 10-year e