Author: WebDesk

Michael Saylor said ChatGPT helped him design the preferred stock financing model that enabled Strategy to raise about $15 billion for its Bitcoin-focused balance sheet. Summary Saylor credited ChatGPT with helping develop Strategy’s preferred stock financing structure. Strategy raised about $15 billion through the securities and related capital-market activity. The company reported holding 842,138 BTC as of Aug. 2 after selling 1,638 BTC. Saylor said workers should use AI to extend their abilities rather than compete with automation. ChatGPT helped shape Strategy’s financing plan Strategy Executive Chairman Michael Saylor said he used ChatGPT to explore and develop a preferred stock…

Developed by Breez in partnership with Bitcoin Spark, the Glow app lets users send stablecoins from their Bitcoin balance, while empowering developers to build better user experiences without having to worry about the difficult parts of building on top of Bitcoin. Breez’s SDK takes care of asset exchange in the background while supporting lightning payments through its Spark integration.  “Glow is a Bitcoin app for everyone,” said the company in a press release shared with Bitcoin Magazine. Users can access the app on both Apple and Android app stores. Glow re-invents the Bitcoin wallet experience, deviating from the seed phrase…

Senate Majority Whip John Barrasso is the latest lawmaker to call for action on the crypto Clarity Act, though recent developments show work on the bill may be slowing.  Speaking to the Senate Thursday, Barrasso reminded lawmakers that the U.S. passed the first major digital asset bill last year, the Genius Act, and the same bipartisan work was necessary for the Clarity Act.  Lawmakers are rushing to get a vote on the Clarity Act before a five-week recess this week. Some Republicans have criticized Democrats for dragging their feet with the bill and deliberately being pernickety.  JUST IN: 🇺🇸 Senate…

Letting users pay blockchain fees in USDC moves fee risk and inventory management away from retail and toward professional providers. The end user sees a stable USD price for gas. The paymaster or relay operator absorbs native-token exposure, conversion spreads, and operational risk. That shift, enabled by ERC‑4337 account abstraction and packaged by Circle as a permissionless Paymaster, changes who earns, who pays, and who bears volatility in fee markets.The economics are already visible in how the product prices gas. Circle’s Paymaster lets users settle network fees in USDC and, per Circle’s own documentation, applies a 10% surcharge on Arbitrum…

Over the last few days, people who were trying to do everything right lost their Bitcoin. They bought a respected hardware signer, generated a seed offline using that device, and trusted the device to do the one thing a signer exists to do: produce a number no one else can guess. The Coldcard did not. A preprocessor guard that checked the wrong thing had quietly routed seed generation to a weak software PRNG (pseudorandom number generator), MicroPython’s Yasmarang, instead of the hardware entropy source. On some models the effective entropy collapsed to around 40 bits. The flaw shipped in March…

Tether is expanding beyond stablecoins as it takes its tokenization business to Saudi Arabia. The USDT issuer has partnered with local firms to bring institutional real estate assets onchain, marking its first major real-world asset (RWA) project in the Kingdom as demand for blockchain-based investment products continues to grow.Tether Brings Tokenized Real Estate to Saudi ArabiaOn 6 August, Tether announced a strategic partnership with First Advanced Data for Artificial Intelligence LLC (First Data) and fintech firm BKN301 to launch institutional real estate tokenization in Saudi Arabia.The project will use Hadron by Tether, the company’s tokenization platform introduced in 2024, to…

Key TakeawaysGrayscale added BNB at 30.6%, ahead of ether and solana in its Smart Contract Fund.BNB’s 30.6% lead boosts its institutional profile as Grayscale trims UNI and NEAR.Grayscale’s Q3 2026 review will test whether BNB keeps its lead over ether and solana. Grayscale Uses Q2 Review to Reweight 3 Crypto Funds Grayscale Investments has added BNB to its Smart Contract Fund, placing the token ahead of ether and solana in the portfolio after its latest quarterly rebalancing. As of Aug. 3, BNB accounted for 30.6% of the fund. Ether followed at 29.47%, while solana represented 29.15%. The remaining allocation was…

The Solana price may still be trading well below previous highs, but activity across the network has a different theme. While the token climbed from June’s low of $60 to around $73.15 in early August, several on-chain indicators suggest the ecosystem has continued gaining momentum even as the market remains cautious.Per data, the July has proved particularly active for the network, with revenue, stablecoin supply, and memecoin trading all moving higher.Solana Network Activity Keeps Building StrengthThe numbers paint a busy picture, with Solana applications generating $82.9 million in revenue during July, marking the highest monthly figure since February. At the…

A reported $3.58 million outflow from the Bitwise XRP ETF drew attention on Aug. 6 after social media accounts described the move as an unusual sale by the asset manager.  Summary Bitwise’s XRP ETF reportedly recorded $3.58 million in net redemptions during Wednesday’s U.S. trading session. Official Bitwise data showed 293.9 million XRP held by the trust through August 4, 2026. ETF outflows reflect shareholder redemptions and do not establish a discretionary bearish decision by Bitwise. The trust may distribute XRP in kind or sell tokens to satisfy cash redemption orders. XRP traded near $1.07, remaining roughly 70% below its…

The Kospi lost 4.5% to 6,306.40 on Thursday, Aug. 6, 2026, marking a sharp session decline for Seoul equities (AP).SK Hynix was down 9.7% after dropping ahead of the open in Seoul, while Samsung Electronics lost 6.1% in the same rout, concentrating the damage in large-cap chip names (AP).Market commentary linked the Asia chip selloff to profit-taking and risk reduction before the U.S. nonfarm payrolls report, according to Stephen Innes of SPI Asset Management (AP).Data SnapshotMetricCurrentPreviousChangePeriodAs ofSourceKOSPI index (close)6,306.40—lost 4.5%session (Thurs., Aug. 6, 2026)2026-08-06Associated PressSK Hynix share movementdown 9.7%—down 9.7%after dropping ahead of the open in Seoul (Thurs., Aug. 6,…