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Say there is an interest-bearing account that pays even say some exorbitant number, 10%, 20%, whatever. Do you know what the interest payment is if there’s no money in the account?Processing ContentZero, of course. Which is something to keep in mind when you think about competition from stablecoins and other digital assets.In case you missed it, a bitcoin-only “wallet” called Coldcard suffered a major data breach that cost users at least $100 million worth of their bitcoin. It may be the biggest exploit of a wallet maker in crypto’s history. Usually attackers go after big targets, centralized exchanges, decentralized exchanges,…

Key TakeawaysShaw Walters ended ELIZAOS token support after the Aug. 4, 2026 settlement.Eliza Labs lost its treasury, leaving no funds for buybacks or support.ElizaOS will continue as open-source artificial intelligence (AI) software without a new token. Shaw Walters Draws a Line Under the Token In a lengthy Aug. 4 post on X, Walters declared, “The token is dead. Completely. The foundation is winding down,” while making clear that the underlying ElizaOS software will continue to be developed. He said there will be no buybacks, no supply reductions and no replacement token, adding, “I am starting over, since I own the…

In brief Meta released Muse Code (beta), a terminal coding agent powered by Muse Spark 1.2, its updated coding model. It’s available now via the Meta Model API and a curl install script. The agent coordinates persistent background subagents and keeps a replay-exact event log, so a crash resumes exactly where it stopped. On Meta’s own charts, Muse Spark 1.2 trails Anthropic’s Opus 5 on every coding benchmark shown, while beating OpenAI’s Codex and Google’s Antigravity on most. Meta is the latest tech giant to ship a coding agent, racing to compete with leading AI behemoths Anthropic and OpenAI.”We’re excited…

TeraWulf’s Bitcoin-mining revenue fell 73% year over year in the second quarter as high-performance computing and artificial intelligence leases reached 71% of sales, accelerating the company’s shift away from its original business.According to the firm’s second-quarter report, digital asset revenue dropped to $12.8 million from $47.6 million a year earlier. On the other hand, HPC leasing generated $31.9 million, lifting total quarterly revenue to $44.8 million.This means that the new business softened the mining collapse but did not fully replace it, leaving overall sales about 6% lower than a year earlier.Still, the reversal reflects how rapidly the company has redirected…

RedotPay, which describes itself as the world’s largest stablecoin payment card issuer, told CoinDesk Wednesday it will defend itself “vigorously” against a $470 million Binance lawsuit alleging it poached 470,000 users.“RedotPay is aware of legal proceedings initiated by Binance and will vigorously defend all claims,” the firm said in an emailed statement. “The Company rejects the unfounded allegations made against it and its co-founders.”Binance affiliates filed a lawsuit against the founders of the Hong Kong-based stablecoin payments company, alleging they diverted nearly half a million Binance customers to the competing platform in a scheme that caused nearly $473 million in…

James Ding Aug 05, 2026 10:22 KuCoin’s H1 2026 report highlights $1.99B spot volume, rapid tokenized stock adoption, 45M users, and resilient reserves amid broader market contraction. KuCoin, one of the top 10 global cryptocurrency exchanges, released its H1 2026 performance report as part of its ninth-anniversary celebrations. The report provides insights into the platform’s trading volumes, user growth, and strategic moves, all of which underline its resilience amid a challenging market environment. From January to June 2026, KuCoin averaged $1.99 billion in daily spot trading volume and $3.07 billion in daily perpetual futures (perps) trading volume. Notably, trading activity…

The scale of the refund underscores how significant the Supreme Court’s February ruling has been for importers, with more than half of the $166 billion collected under the struck down tariffs now returned. For companies that paid these duties, particularly importers reliant on affected trading relationships, the cash refunds could provide a meaningful working capital boost in the near term. The broader trade policy backdrop remains unsettled, however, given Trump’s response of layering in new tariffs under alternative legal authorities, including Section 301 measures and fresh IEEPA-adjacent duties, which suggests importers should not read this as a retreat from tariff…

DBS Group Research economist Radhika Rao notes Indonesia’s onshore markets are focused on the appointment of a new Bank Indonesia Governor after Perry Warjiyo’s departure, with Acting Governor Destry Damayanti prioritising non-rate measures and IDR liquidity. The report highlights a mixed growth-inflation backdrop, a weaker external balance and a rangebound USDIDR, arguing this combination supports an unchanged policy rate stance near term.New BI leadership and macro backdrop”Onshore markets are awaiting the appointment of the new Bank Indonesia Governor, after chief Warjiyo stepped down last week.””Pullback in oil prices and absence of fresh negative triggers has kept USDIDR rangebound within 17900-18000…

The Aussie is trading just above 0.7050 after a gain of not quite two tenths of a percent, its best level in seven weeks and the first time since mid-June that price has held clear of the 50-day Exponential Moving Average (EMA) near 0.7000. The 200-day EMA near 0.6900 continues to rise underneath, and the structure now reads as a base rather than a downtrend.The way the move has been built is the problem. Today’s range covers 25 pips, the daily Stochastic Relative Strength Index (Stoch RSI) has rolled over from the high eighties to the mid seventies, and the…