Bitcoin ‘anti-spam’ BIP goes nowhere quick
Supporters of the BIP-110 mushy fork hoped to eradicate spam from the blockchain, however after a prolonged and heated debate the proposal has been pronounced Lifeless On Arrival. After securing simply 2.5% assist forward of coming into obligatory signaling on Saturday, it break up off right into a minority chain that mined simply two blocks in eight hours earlier than stalling.
That is in all probability no shock given it’s simply as troublesome and costly to mine on the brand new chain as it’s on Bitcoin — however with none hope of having the ability to promote the block reward to recoup the prices. The issue would have adjusted downward in the event that they’d managed to mine via one other 2,014 blocks.
BIP-110 aimed to rid Bitcoin of non monetary transactions, akin to Ordinals, however opponents noticed it as imposing censorship on the chain and it confronted opposition from distinguished Bitcoin advocates. Technique govt chairman Michael Saylor stated he shared the proposal’s goals however argued that its method threatened Bitcoin’s impartial guidelines and consensus.
Blockstream CEO Adam Again warned that the consensus-level change may harm Bitcoin’s credibility and probably make sure unspent transaction outputs unspendable. Bitcoin Core developer Murch has subsequently proposed eradicating BIP-110 backer Luke Dashjr from his place as a BIP Editor.
Readability vote will get punted to September
Senator Tim Scott, who chairs the Senate Banking Committee, stated on Thursday a procedural vote on the CLARITY Act ought to occur earlier than the August recess “with none query.”
Senator Cynthia Lummis additionally raised hopes of a final minute vote. However regardless of hopes the Senators would locked in a room and compelled to compromise earlier than leaving for the August break, Senate Majority Chief John Thune declined to power the problem and later scheduled the cloture vote for September 15.
“The Dems are insistent on no Readability vote,” Thune advised Cointelegraph. “I labored with sponsors of the invoice. Senator Lummis was nice, and we’re getting that queued up very first thing once we come again.”
Crypto lobbyists have till then to shore up the 60 votes required by negotiating on ethics guidelines, the stablecoin yield concern, and safety for builders within the BRCA. The true query although is whether or not it will likely be a critical try and go the laws, or if the vote has been referred to as merely “to get folks on the document” forward of the mid-term elections as Lummis urged.
Bitcoiners kind ‘crimson group’ to battle AI-assisted hacks
A Bitcoin safety group made up of 16 volunteers stated mid-week it had discovered almost 5,000 potential points throughout a fast AI-assisted evaluate of tasks within the Bitcoin ecosystem.
By the weekend that quantity had grown to 7,958 points, with 168 essential flaws and 1,120 excessive severity points.
Bitcoin Purple Group is a volunteer safety effort that features Rob Hamilton, CEO of AnchorWatch and Bitcoin developer Calle, which has been utilizing AI instruments and human evaluate to scan open-source Bitcoin-related repositories for vulnerabilities.
“We’re averaging on the order of 1 essential exploit per hour per individual,” stated Calle in a publish.
The group sprang into motion because of the Coldcard {hardware} pockets hacks, which developer Coinkite urged have been the results of an AI evaluation of its supply code. Greater than $100 million has been stolen by 7300 wallets, on account of flaws within the random quantity generated used to generate seed phrases. It has develop into the third largest crypto hack in 2026 and helped push July’s crypto thefts complete to $247 million.
The incident helped shine a lightweight on the belief required with utilizing a {hardware} pockets, and led many Bitcoiners to surprise if any pockets was really protected?
Many are actually decided to make use of at the very least 100 handbook cube rolls to generate their very own seed phrase.
Ethereum researchers need to rein in staking; critics say it may backfire
A bunch of Ethereum researchers and builders have proposed altering the community’s issuance coverage to chop validator rewards extra sharply because the proportion of staked ETH rises.
Tapered Issuance Burn (AKA EIP-8363) would lower rewards completely as the share of provide staked crossed the 50% mark. It’s at the moment at 34% with an enormous queue of ETH ready to enter, and there are fears this may occasionally proceed to snowball whereas offering progressively much less profit for the safety of the community.
Regardless of providing some compelling arguments in favor of the proposal, it has been met with a fierce backlash, particularly from DeFi protocols. Ether.fi founder Mike Silagadze urged Ether.fi would get out of staking completely if it goes via. He stated:
“That is so disappointing on each degree. […] That is dangerous for decentralization, that is dangerous for Ethereum adoption, and that is dangerous for the credibility of the community.”
Pleased days are right here once more as Bitcoin ETFs see finest week in 4 months
The spot Bitcoin exchange-traded funds registered their third-strongest exhibiting since October as institutional demand confirmed indicators of renewed momentum.
The haul of $853.54 million in inflows was 5 instances the quantity they netted throughout all of July, and was the perfect week since April. The Ether ETFs took in one other $243.7 million.
Some trade figures consider the big inflows could also be associated to the Coldcard hack, which has made institutional custody extra engaging than utilizing a probably insecure {hardware} pockets. Bloomberg ETF analyst Eric Balchunas urged there could also be a connection, whereas Binance co-founder Changpeng “CZ” Zhao stated level clean: “It’s statistically safer to retailer cash on exchanges than to self custody.”
Winners and Losers
On the finish of the week, Bitcoin (BTC) is up 2% to commerce at $64,814, Ethereum (ETH) is up 1.7% to commerce at $1,908 and XRP (XRP) is down 5% to $1.02. The entire market cap is at $2.21 trillion in line with CoinMarketCap.
Among the many greatest 100 cryptocurrencies, the highest three altcoin winners of the week are Pump.enjoyable (PUMP) with a 27.6% acquire, LayerZero (ZRO) on 17.6%, and Curve DAO (CRV) on 16.2%.
The highest three altcoin losers of the week are Injective (INJ) which was down 15.1%, Canton (CC) down 13.8% and Cronos (CRO) down 13.7%.
Prediction of the Week
Bitcoin won’t ever fall beneath $60K once more: Nansen founder
Nansen founder and CEO Alex Svanevik says the Bitcoin market could also be approaching a backside, suggesting that the present degree round $60,000 may mark Bitcoin’s cycle low.
“My private view is that I don’t assume Bitcoin’s gonna return beneath $60,000,” Svanevik says. “I believe that’s the previous… I believe without end,” he says.
He bases this on the idea that Bitcoin serves as a hedge towards central financial institution cash creation, and he doesn’t see the worldwide financial growth cycle coming to an finish anytime quickly.
High FUD of the Week
Crypto wrench assaults web greater than $30M to date in 2026
Criminals stole greater than $30 million via bodily assaults on crypto holders within the first half of this yr, placing 2026 on tempo to surpass the document $58 million stolen in 2025.
Solely 12 of the 46 makes an attempt resulted in fee, giving attackers a 26% success charge, down from 49% in 2025.
ElizaOS token sinks 19% to document low after founder declares it ‘useless’
ElizaOS fell 19% over 24 hours to an all-time low after Eliza Labs founder Shaw Walters stated the token was “useless” and that the Eliza Basis was winding down.
CoinGecko information confirmed the token now has a market capitalization of $2.1 million.
“The token is useless. Fully,” Walters stated, including that he not owned or supported the token.
The decline represents a stark reversal for one of many AI-agent sector’s former breakout tokens. Earlier than the venture rebranded as ElizaOS, the token, then often called AI16Z, reached a peak market capitalization of $2.5 billion in January 2025, in accordance to CoinGecko.
Walters stated the event of the open-source Eliza software program would proceed with out the token or the inspiration.
CEX perpetual futures quantity falls to $4T, lowest since late 2023
Crypto perpetual futures buying and selling quantity on centralized cryptocurrency exchanges (CEXs) fell to $4 trillion in July, marking a 31-month low.
Binance led CEXs with $1.4 trillion in month-to-month perpetual futures quantity, adopted by OKX with $607 billion and Bybit with $300 billion, analytics platform CryptoRank stated in a Friday X publish.
Perpetual buying and selling quantity on decentralized exchanges (DEXs) fell to $531 billion in July, the bottom degree since June 2025, and a 21% decline from the $676 billion seen in June 2026, in accordance to information aggregator DefiLlama.
Greatest Journal Options of the Week
The Coldcard entropy flaw prompted a disaster of confidence in {hardware} wallets. Right here’s the main points it is advisable to know earlier than you entrust Ledger, Trezor or Basis along with your Bitcoin.
Tokenized cows could have gone viral, however they’re simply the newest in an extended line of unusual issues to discover a residence onchain, from farts, to human pores and skin and destroyed artworks
Ethereum’s proposed EIP-8363 staking overhaul goals to scale back issuance, however critics say it may damage DeFi, decentralization and institutional adoption.
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