Crypto News. August 5, 2026
Western Union’s Stablecard went live via Rain
Bittensor launched Root Reborn, letting validators compete on subnet baskets so root yield flows to the best-performing subnets instead of uniform TAO selling
USDY went live on BNB Chain with daily yield accrual and instant minting/redemption via 1inch, Ledger, LI.FI, CoW Protocol, Trust Wallet, and LayerZero
DeFiSaver launched the first Aave V3-to-V4 position migrator, letting users move positions in a single transaction
BlackRock’s spot Ethereum ETF ($ETHA) will do a 1-for-3 reverse share split in October, potentially cutting trading costs from 7bps to ~2bps
Cloudflare launched programmable Wallets letting accounts and their AI agents hold stablecoins and pay for APIs, MCP tools, and content
Second Circuit formally closed SBF’s appeal, upholding his 7 FTX fraud convictions, 25-year sentence, and $11B forfeiture order
Sens. Warren and Blumenthal are pushing SEC Chair Paul Atkins to investigate Trump’s $TRUMP memecoin for fraud and unjust enrichment
Polymarket is in early talks to raise ~$1B at a $20B+ valuation, per Bloomberg
Binance launched Lite Loan, a 30-day BTC-collateralized product letting users borrow up to 1,000 USDT with a 1% fee and no LTV liquidation risk
NEAR co-founder Illia Polosukhin proposed a NEAR Sovereign Fund to hold treasury and revenue, generate yield, and fund security while reducing inflation
Boltz will stay offline indefinitely after a surge in AI-assisted attacks on its infrastructure, though it says no user funds are at risk and refunds remain available
CZ said storing coins on exchanges is statistically safer than self-custody, citing better-documented CEX losses and platform coverage from firms like Binance
River’s 2025 report showed 1.57M BTC lost via self-custody vs 1.51M BTC lost on exchanges
BitGo picked Chainlink CCIP as its exclusive cross-chain infrastructure provider for WBTC.
Galaxy and BNY are teaming up to bring staking support to BNY’s Digital Asset Custody platform for institutional clients
Base’s stablecoin volume hit $26.1T in 2026 with five months left, already topping 2025’s full-year $17.5T
Solana’s proposal to double its disinflation rate has cleared the initial governance vote and moves to discussion ahead of final vote
Justin Drake and others proposed EIP-8361 to cut Ethereum issuance, zeroing staking yield above 50% staked and halving it to 1% at current staked levels
