Decrypt

Pakistan has set a deadline of September 5 for crypto firms to register and ensure compliance. Any entity that has served Pakistani users since March must apply for clearance by this date. To continue operations after the deadline, the firm must incorporate locally.

Bitcoin's next major test point is noted at $80,000. As Jackson Hole looms, Fed chair Kevin Warsh will deliver his first keynote on Friday. Furthermore, futures are currently pricing a September rate hike at 36%.

A Reuters/Ipsos survey revealed that 63% of Americans view the Trump family's crypto profits as inappropriate. Furthermore, even half of the president's fellow Republicans stated that his business interests sway his decisions.

Binance Agent OS allows AI agents to trade crypto directly through tools like ChatGPT and Claude. Although these agents are connected to the exchange's markets, safeguards prevent them from accessing user funds. Oversight of the system remains largely with the users themselves.

Flock's new AI police tool, called OS Investigate, utilizes underlying code featuring 69 preloaded AI prompts. This technology converts Flock cameras into a super-charged surveillance system designed to identify people by observing how they move, even if their names or license plates are unknown.

OCC Comptroller Jonathan Gould stated that the agency is moving at a rapid pace to finalize stablecoin rules related to the GENIUS Act. He announced this update during the Wyoming Blockchain Symposium, noting that the goal is now to meet a January statutory deadline after missing an earlier target in July.

Edward Zimbardi, described as an alleged $165M crypto Ponzi mastermind, was accused of luring thousands of investors into "The Crypto Program" by promising 25% monthly returns. He fled to Fiji before being deported to the US.

Nasdaq-listed privacy firm Cypherpunk Mining entered a $33.33 million equity deal with Winklevoss Capital. This launch adds roughly 18% of the Zcash network's hashrate to accelerate Cypherpunk Mining’s treasury ambitions.

PUMP printed its first Golden Cross as revenue achieved a seven-month high. Furthermore, Ethereum researchers are prioritizing privacy, Robinhood is rolling out agentic trading, and Ansem has launched his own launchpad.

Chainalysis has filed a bid protest in the U.S. Court of Federal Claims, challenging ICE's sole-source award for blockchain forensic tools. The suit concerns a $94.6M contract and pits Chainalysis against rival TRM Labs, who are both major names in crypto tracing.

Austria's Financial Market Authority fined the Vienna-based exchange Bitpanda 70,000 euros due to procedural and disclosure breaches. This penalty serves as an early indicator of how EU regulators plan to enforce the bloc's new crypto rulebook, MiCA.

Paul Tudor Jones' Firm increased its iShares Bitcoin Trust stake by 18.9% to 688,529 shares worth $22.9 million in Q2. This buying action represents a strategic shift away from leveraged call options toward gaining direct spot exposure within the BlackRock Bitcoin ETF.

Dutch Prosecutors are selling $2.5M of crypto acquired from the bankrupt platform Knaken. The trustee stated that Knaken had purchased the coins in its own name, leaving customers with only a euro claim against the collapsed company.

A flaw was found in an order-tracking plug-in belonging to the bitcoin wallet provider SafePal. This vulnerability exposed personal data, including names, addresses, and phone numbers of nearly 40,000 customers.

Tether received an audit and appears to have passed it, concluding extensive public scrutiny. This development addresses a criticism that has persisted for a long time concerning the stablecoin company.

The SEC meeting concerning crypto rules was shelved after Senate punted clarity act occurred. The cancellation was due to an unforeseen scheduling issue, and no replacement date has been set for the event.

A King County judge has mandated that the exchange Kalshi stop offering sports, election, and politics wagers in the state by August 19. This legal order comes days after the CFTC had backed the company regarding its operations concerning Washington bets.

The SEC is planning new rules for tokenized stocks. A new framework could be announced as soon as Friday, representing a potentially major development for crypto this year.

Twitch reportedly enabled Amazon AI training by default, a setting described with the phrase 'Nobody Would Opt In'. A chief product officer at Twitch stated he was unsure if content had already been used for training prior to this feature being implemented.

The CEO of Crypto Lender Delio was given 15 years over $49M fraud. Prosecutors lost a significant portion of their case due to a botched search of the platform's server host, reducing alleged victims from 2,800 to about 1,100.