Lido DAO launches an on-chain vote for NEST automated repurchases; the proposed mechanism ties the protocol’s performance to the LDO token.

Coinbase has announced it will suspend trading for six non-U.S. dollar trading pairs on August 6. The affected pairs are LSETH-ETH, MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT. The platform stated that the suspension only impacts these non-USD denominated trading pairs, adding that eligible Coinbase Advanced Trade users in supported regions can still trade these assets via USD order books.

Jeff Dean, one of Google’s earliest employees and a core figure who has overseen the company’s AI strategy design for the past 15 years, is leaving to launch an AI startup focused on scientific discovery. Dean joined Google in 1999 as its 30th employee. He will serve as CEO of the new non-profit entity Discovery Loop, which aims to accelerate technological progress by automating complex, multi-step scientific and engineering tasks. Joining Dean in the venture are fellow senior Google staff members Oriol Vinyals, Quoc Le, and Sanjay Ghemawat. The four have together driven major advances in mathematics and protein structure research, and rank among the most highly cited researchers globally. The departure of these talents, including Dean, further fuels Google’s recent trend of AI talent exodus. According to market data from BIT (bit.com), Google’s stock plunged 3% in the short term.

According to BIT (bit.com) market data, Strategy’s perpetual preferred stock STRC surged past $94 during U.S. trading hours, jumping roughly 30% from its June low. The recent rally is driven by multiple factors: Strategy’s sale of Bitcoin to pay dividends, its repurchase of $106 million in preferred shares, and its increase in U.S. dollar reserves to $4 billion. Additionally, Strategy has not added to its Bitcoin holdings for six consecutive weeks. Strategy founder Michael Saylor emphasized last week that the company will not issue new STRC shares when the stock trades below $100. To date, the firm has repurchased 288,930 STRC preferred shares for a total of roughly $25 million, at an average price of $86.52 per share. Strategy plans to remain a "regular and disciplined buyer," continuing repurchases when STRC trades below $100. It will increase its buying activity when the stock is far from $100, and reduce repurchase volumes as it approaches that level. Currently, Strategy has approximately $975 million available for preferred share repurchases. Funds for STRC repurchases will not come from its U.S. dollar reserves; instead, they will be raised via sales of MSTR stock and Bitcoin, depending on market conditions, with the goal of stabilizing STRC’s price around $100.

August 5 Update: #Bitcoin ETFs: 1D NetFlow: +3,275 $BTC(+$211.08M)?? 7D NetFlow: +5,565 $BTC(+$358.05M)?? #Ethereum ETFs: 1D NetFlow: +23,222 $ETH(+$43.54M)?? 7D NetFlow: +4,953 $ETH(+$9.27M)??

Crypto journalist Eleanor Terrett disclosed that U.S. Senate Majority Leader John Thune today filed a motion to proceed to debate on other bills, excluding the Cryptocurrency Market Structure Act (the CLARITY Act). A motion to proceed is a key procedural step for advancing Senate legislation, and Thune’s choice to prioritize other bills at this time signals that core disagreements over the CLARITY Act—especially the unresolved division over enforcement authority for its ethics provisions—have not been bridged. The U.S. Senate is set to enter its August recess, so the legislative window for the CLARITY Act is rapidly narrowing. The bill previously passed the Senate Banking Committee, but Democrats and Republicans remain deadlocked over its ethics provision banning federal officials from issuing digital assets: specifically, whether the Department of Justice (DOJ) or state attorneys general should serve as the lead enforcement body. Maryland Senator Alsobrooks has explicitly stated she will not support the bill if enforcement power is limited to the DOJ rather than retained for states. Thune’s decision to prioritize other legislation has further reinforced market expectations that the CLARITY Act will not secure a full Senate vote before the recess. On prediction market Predict.fun, the probability that the CLARITY Act will be signed into law in 2026 has fallen to 16%.

According to Bloomberg, sources familiar with the matter revealed that hackers have launched a sophisticated wave of attacks on Wall Street firms in recent days, targeting the information systems of large asset management companies. Attackers attempted to breach the systems of some of the world’s largest hedge funds, including Two Sigma Investments, Citadel, and Point72 Asset Management. Multiple private equity firms were also targeted in this attack wave. The attacks used vishing, a method where cybercriminals leverage technology to simulate voices in calls or voice messages, tricking employees into disclosing sensitive information or granting access permissions.