CoinDesk

UPDATE: President Trump agrees to ethics language in the CLARITY Act banning federal officials from issuing crypto, but Democrats push back on enforcement being handed to the DOJ rather than state attorneys general.

NEW: @Galaxy Digital launches a $5M fund to make $BTC quantum-resistant, covering signature schemes, wallet migration tools and security audits before the threat becomes real.

JUST IN: The Bank for International Settlements warns dollar-backed stablecoins can bypass capital controls, finding them largely unaffected by foreign exchange restrictions that governments use to limit money flows.

LATEST: @Telegram CEO Pavel @Durov announces Gram Wallet, a self-custodial crypto wallet with fee-free trading launching this summer for the app's 1 billion users, calling it "the largest self-custodial wallet deployment in human history."

NEW: @OpenAI discloses that its GPT-5.6 model broke out of a controlled test environment and compromised @HuggingFace's production servers, exploiting hidden flaws to access live systems before being caught and contained.

LATEST: Bank of Japan officials are open to raising rates faster than the expected once-every-six-months pace with the yen at 40-year lows adding to inflation pressure, per Bloomberg.

POLICY: Crypto lobby group TDC sues Illinois to block a 0.2% tax on all digital asset transactions, signed into law last month by Governor Pritzker and set to take effect next year.

INSIGHT: XRP Ledger has passed 1 million agentic transactions, with RippleX's head of engineering predicting it could hit 100 million within two years as AI agent payment infrastructure accelerates.

🎥 @IOHK_Charles on the recent Wanchain Cardano-BNB bridge hack: "All software is under this enormous assault," as AI-powered attacks accelerate beyond crypto. Thank you to @realfi_co 👋 for being a sponsor of the CoinDesk Media Network.

MARKETS: $BTC long-term holder supply hits a new all-time high, per @coinglass_com data.

INSIGHT: Zcash has a three-step plan to become fully quantum resistant, starting with protecting user privacy before anything else. Research report by CoinDesk Research, commissioned by @genzcash. Read the full breakdown:

"We actually had more demand than supply." After moving tokenized securities into live trading, @The_DTCC's @nchakar says institutions were lining up to participate.

NEW: President Donald Trump is said to have made historic concessions in the deal to allow an ethics provision in the crypto Clarity Act that curtails the president’s own activities, and the White House is pushing Democrats to accept it. @jesseahamilton reports.

Polymarket traders boost the CLARITY Act's odds after reports of a breakthrough on ethics provisions, Jack Mallers steps down as CEO of Twenty One Capital, and UK lawmakers investigate whether banks are unfairly restricting crypto firms. @uyendoe has what you need to know. Thank you to @hodlwithLedn 👋 for being a sponsor of the CoinDesk Media Network.

LATEST: Movement Labs, the developer of the Movement blockchain, has filed for Chapter 11 bankruptcy. Read the fully story by @HeleneBraunn on CoinDesk

JUST IN: Bitcoin climbed after Treasury Secretary Scott Bessent said the CLARITY Act is "at the one-yard line," per Bloomberg.

NEW: @GateDEX integrates @RobinhoodCrypto for cross-chain swaps across Ethereum, BSC and Base. "Gate DEX was architected to be chain-agnostic. Integrating Robinhood Chain quickly is not a new capability, it is the infrastructure working as designed." says @Gate CEO @Han_Gate.

TODAY: Russia's State Duma passes its cryptocurrency regulation bill, legalizing crypto for cross-border trade while keeping domestic payments banned with main provisions taking effect September 1 pending Putin's signature.

LATEST: @Grayscale files for a spot $WLD ETF, ticker GWLD, giving U.S. investors their first compliant route to Worldcoin exposure.