Main Takeaways
- The Senate postponed the CLARITY Act vote to September, increasing the likelihood of crypto regulation stalling during Trump’s term.
- The Bitcoin Red Team discovered 4,962 vulnerabilities, pushing 390 projects toward AI-based security audits.
- Circle’s second quarter revenue reached $701 million; Arc could boost USDC’s share when prediction markets focus on the US midterm elections.
Weekly Review
This decision came after Majority Leader John Thune stressed that Democrats insisted on no vote, as they still believe the CLARITY Act needs revisions to its ethics clauses.
The failed vote before recess makes it unlikely the CLARITY Act will pass during the remainder of President Trump’s term.
A volunteer security group called the Bitcoin Red Team discovered 4,962 vulnerabilities across 390 open source Bitcoin projects within 27 hours after the Coldcard hack, including 85 that were critical.
Organizations like the Bitcoin Red Team and individual projects now must proactively use AI for audits. Not doing so is negligent.
Circle reported stronger Q2 earnings as USDC circulation and trading activity expanded.
The 2026 World Cup pushed prediction markets to one of the fastest-growing corners of finance, driving record volumes, fees, trades, and open interest.
Major events like the World Cup constantly bring prediction markets higher. The next big event may be the US midterm elections.
After block 961,632, Bitcoin is nearing a possible chain split as BIP-110 supporters prepare to implement rules with almost no registered network hashrate.
BIP-110 is approaching its activation deadline with almost no miner support, so rather than changing Bitcoin, it’s more likely to create a tiny, economically insignificant minority fork.
