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$11 Billion in Crypto Losses Adds Pressure on CLARITY Act

Coins Legend August 2, 2026 0

New York Attorney General Letitia James urged Congress to strengthen cryptocurrency regulation as the FBI reported more than $11 billion in crypto-related losses. Her Senate testimony argued the pending CLARITY Act would weaken state enforcement against digital asset scams. James Warns Federal

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IRS Warns Fake Crypto Letters Target Wallets and Personal Data

Coins Legend August 2, 2026 0

Fraudsters are mailing counterfeit IRS notices that direct cryptocurrency holders toward a fabricated compliance portal designed to capture sensitive financial information. The campaign targets wallet access, exchange credentials, identities, and digital assets through official-looking correspondence. Counterfeit Letters Exploit Growing Crypto Tax Anxiety The Internal

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XRP Scam Ring Arrested After Stealing $9M From 71 Investors

Coins Legend August 2, 2026 0

South Korean police arrested three suspects accused of stealing 12.3 billion won, or about $9 million, from 71 XRP investors. Investigators traced 27.3 billion won through related wallets, indicating that total losses could rise. Fake XRP Platform Vanished After Collecting Investor Funds The Seoul Metropolitan Police Agency announced July 30 that investigators had

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Grayscale Urges Senate CLARITY Act Vote Before August Recess

Coins Legend August 2, 2026 0

Grayscale urged Senate leaders to schedule a CLARITY Act vote before the August recess, warning that delay threatens U.S. competitiveness. The bill would divide crypto oversight between federal regulators and establish nationwide market rules. Grayscale Presses Senate Leaders as Legislative Window Closes Digital asset manager Grayscale called on Senate leaders to bring the

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Elon Musk Denies Tesla China Sale Report Tied to SpaceX Merger

Coins Legend August 2, 2026 0

Elon Musk rejected a Wall Street Journal report claiming Tesla explored separating or selling its China business ahead of a potential SpaceX merger. The public dispute centers on one of Tesla’s largest operations and a report linking it to a broader corporate restructuring. Musk Rejects Report on Tesla’s China Business Elon Musk rejected a report […]

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Strategy Holds STRC Dividend at 12% as Stock Stays Below Par

Coins Legend August 2, 2026 0

Strategy confirmed its Stretch (STRC) preferred stock will keep paying a 12% annualized dividend in August 2026, even after the security closed July at roughly 12% below its $100 par value. A Rate That Keeps Climbing but Can’t Reverse Strategy (Nasdaq: MSTR) Executive Chairman Michael Saylor confirmed on August 1 that the Stretch Dividend Rate […]

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Coldcard Theft Balloons to $88M as Exchange Deposits Spike, Old BTC Moves

Coins Legend August 2, 2026 0

A suspected third wave of Coldcard-related bitcoin sweeps has pushed the observed incident to an estimated 1,367 BTC, while exchange deposits and long-dormant wallet activity have added two more signals for analysts to watch. A Third Wave Expands the Damage Galaxy Research disclosed on X that the three suspected waves drained about 4,585 addresses and […]

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Michael Saylor Rejects Report of New Strategy Bitcoin Sale Approval

Coins Legend August 2, 2026 0

Michael Saylor rejected claims that Strategy had approved a new $5 billion bitcoin sale plan, identifying the authorization as an existing capital-management tool. His clarification separates potential selling capacity from an immediate decision to reduce holdings. Saylor Pushes Back on Viral Bitcoin Sale Claim Strategy Executive Chairman Michael Saylor pushed back Aug. 1

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Analyst: Bitcoin Drops to $60K in August Before Rebounding to $70K

Coins Legend August 1, 2026 0

Andrey Poroshin, a financial analyst at Bitbanker, an exchange with a presence in Russia, the UAE, and Kyrgyzstan, stresses that bitcoin will retest $60K lows as excess liquidity is withdrawn to recover $70K later, a price still below the base cost of mining in the U.S. Analyst: BTC To Retest $60K Levels In August But […]

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Coinbase Exec ‘Relentlessly Optimistic’ on CLARITY Act Odds

Coins Legend August 1, 2026 0

Coinbase Head of Institutional Strategy John D’Agostino says he remains “relentlessly optimistic” the CLARITY Act passes, even as Wall Street odds-makers put the bill’s chances well below 50%. A Coinbase Exec’s Case for Optimism D’Agostino, Coinbase’s Head of Institutional Strategy, told reporters he is confident the Digital Asset Market Clarity Act, or CLARITY Act, will