Trending CLARITY Act odds dropped to 43% as the August clock runs out CLARITY Act odds fell from 74% to 43%. CFTC/SEC jurisdiction split, Senate cloture math, August recess deadline. by Sungjae Lee
Trending SEC's $75M crypto cap mirrors Reg A+ — and that's intentional SEC proposes a $75M token fundraising cap mirroring Reg A+, a $5M startup exemption, and a decentralization off-ramp. by Sungjae Lee
Analysis XRP holders are at their deepest-ever loss. That's the buy XRP's 30-day and 365-day MVRV both hit all-time lows near -46% as price rebounded 8% to $1.14 — Santiment calls it by Sungjae Lee
Trending The IVV token lives on Ethereum. The actual shares don't. Ondo tokenized BlackRock IVV on Ethereum: shares stay in U.S. custody, backed 1:1 via SEC-registered transfer agent. by Sungjae Lee
Analysis BitMine earned 98% of revenue staking ETH — then lost $84M BitMine Q3 2026: $45.7M ETH staking (98% of total revenue), $92M derivatives losses, $84M net loss per 10-Q. by Sungjae Lee
Analysis Stripe passed PayPal in volume — then bid $53B to own it Stripe and Advent's $53B PayPal bid targets PYUSD, Bridge stablecoin rails, and a $3.7T combined annual payment volume. by Sungjae Lee
Analysis Tokenized IVV is live in U.S. custody — U.S. buyers locked out Ondo's IVV token is backed by real shares in DTC-linked U.S. custody, but distribution to U.S. retail remains pending. by Sungjae Lee
Market Pulse 140 firms targeted Circle's one revenue source in a single day CRCL fell 17.5% June 30 as Visa, Stripe and BlackRock's OUSD consortium targeted Circle's reserve-yield revenue model. by Sungjae Lee
Market Pulse Circle just got a federal bank charter — USDC reserves Circle's First National Digital Currency Bank received OCC final approval July 10, 2026. What changes for USDC by Sungjae Lee
Analysis SBI's yen stablecoin says 3% yield. The real number is 0.69%. SBI VC Trade's JPYSC yields 3% annualized over 12 weeks (~0.69% actual). No deposit insurance. Launches July 23, 2026. by Sungjae Lee
Learn Under 30% of CEPT holders redeemed — what SECZ bulls see Securitize (SECZ) went public July 2 via SPAC merger with CEPT. First to tokenize own NYSE shares, $400M raised. by Sungjae Lee
Learn IBIT shed 35,980 BTC in 10 days. Here's who sold. IBIT bled 35,980 BTC in 10 days. Net assets hit $44.9B. AUM history, institutional data, and July 2026 flow breakdown. by Sungjae Lee