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You’re reading Crypto for Advisors , CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday. Happy Thursday, advisors! In today’s newsletter, Maria Golenkov explains how the EU’s MiCA framework is the blueprint for future U.S crypto regulation. Learn why your governance and controls need to align now to avoid scrambling later. Then, in “Ask an Expert,” Felix Xu answers questions around why operational risk is the primary investmen

JPMorgan says Hyperliquid ETF inflows have stalled as competition mounts. (Pixabay) JPMorgan said inflows into Hyperliquid ETFs have largely stalled in July and August after a surge earlier this summer. The bank attributed the slowdown to rising competition from regulated crypto derivatives platforms and crowded prediction markets. Despite the recent pause, Hyperliquid’s HYPE remains one of the fastest-growing crypto assets, ranking fourth in corporate crypto treasury holdings. Inflows into Hype

BTC's low-volatility range play. (TradingView) This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here , if you haven't already. A key theme this month is not just that bitcoin BTC $ 64,549.79 isn’t taking part in the risk-on rally exemplified by stocks, it’s how steady the cryptocurrency has been, to the point that 30-day implied volatility has dropped to a long-held floor of 36%. More often than not, low volatility is taken as a sign of low risk. After all, if an asset isn’t swingi

Free markets, sort of (Getty Images/ismagilov) The Wall Street Journal's Aug. 4 editorial on the Clarity Act, "Clarity for Crypto, Sort Of," opens by warning that Congress passes bills riddled with policy landmines because members won't do the work of defusing them. That’s a fair worry in general, but it doesn’t apply here. The editorial concedes more than the headline suggests. It credits the bill with ending the regulatory gray zone the last administration left behind, with giving investors an

Sandisk (TradingView) Sandisk and Western Digital fell roughly 10% in pre-market trading as their forward outlooks failed to match elevated expectations. Sandisk and Western Digital have gained more than 3,000% and 550%, respectively, over the past 12 months, propelled by the AI boom and leaving assets such as crypto and precious metals in the rearview mirror. Now with AI momentum cooling, gold surging and bitcoin holding above $64,000, crypto may be preparing for a resurgence. Sandisk (SNDK) an

(Cedric Cullen/Unsplash) JPYC Inc. raised 6 billion yen ($38 million) in an extension of its Series B funding round to accelerate the expansion of its yen-pegged stablecoin. New investors in the latest round include AZ-COM Maruwa Holdings, a major Japanese logistics company. AZ-COM has plans to settle payments in JPYC with its clients, which included Amazon Japan. JPYC Inc. raised 6 billion yen ($38 million) in an extension of its Series B funding round to accelerate the expansion of its yen-peg

(CoinDesk Data) Bitcoin is outperforming the broader crypto market as traders rotate toward large-cap tokens like bitcoin and ether while altcoins see falling open interest and weak momentum. Derivatives data show a cautiously bullish tilt for bitcoin, with rising futures open interest, steady implied volatility and growing upside options bets, while XRP and SOL face leverage-driven pressure. NEAR’s new stake-to-compute model ties its token to AI computing power, but analysts say its success hin

The U.S. alleges Taj Tarsha defrauded investors of more than $10 million. (Jesse Hamilton/CoinDesk) U.S. prosecutors charged Few and Far founder Taj Tarsha with securities and wire fraud tied to a $10 million fundraising. The authorities say investor funds meant to build an NFT marketplace were diverted to gambling, crypto trades and personal expenses. An internal audit uncovered the alleged misconduct in June 2023. The FAR token debuted in May 2024 but soon became effectively worthless and stop

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Bitcoin developers flag 85 critical bugs in an "extremely bad" situation. (Unsplash) Sixteen Bitcoin developers used AI tools to find 4,962 security vulnerabilities across 390 projects in 24 hours. The findings include 85 critical and 635 high-severity bugs, which are currently overwhelming project maintainers. This audit highlights how AI is rapidly transforming security research for both defenders and attackers. A volunteer team has flagged 85 critical bugs across 390 bitcoin BTC $ 64,549.79 p

Bitcoin lags the rally in S&P 500. (TradingView) The S&P 500 has gained 3.12% this month, adding roughly $2.1 trillion in market cap – close to the entire crypto market's total value. Bitcoin is up just 2% over the same stretch, trading around $64,600, a level it already touched back in July. Analysts point to a mix of reasons: an AI-concentrated stock rally, Bitcoin-specific headwinds like the Coldcard hack, and traders sitting out ahead of an expected October cycle bottom. U.S. stocks are havi

Bitcoin steadies above $64,000 as traders watch $100 billion SpaceX unlock. (Asa E K/Unsplash) Bitcoin held above $64,600 after buyers defended a dip earlier in the week, with optimism focused more on the token than on the broader crypto market. Major cryptocurrencies were mixed, with ether slightly higher, XRP and BNB weaker, and Hyperliquid’s HYPE posting the strongest weekly gain among large tokens. Global risk sentiment softened as a key world equity index slipped and chipmakers fell, even a

XRP whales keep buying the dip, but ether shows deeper capitulation. (Unsplash+) Large XRP holders have continued accumulating the token throughout its slide from about $2.40 in January to roughly $1.00 to $1.20, a pattern CryptoQuant describes as quiet absorption rather than capitulation or a breakout. Ether is the only major token trading below its realized price, with the market around $1,900 versus an aggregate holder cost basis near $2,450, suggesting investors are underwater on paper even

CASHCAT jumps 120% in a week as Robinhood Chain TVL hits $774 million. (Cash Cat) CASHCAT, a cat-themed memecoin on Robinhood Chain, more than doubled in a week to about 8.7 cents. It remains well below its mid-July peak of roughly 22 cents. Even as launchpad activity and many early tokens have faded, Robinhood Chain’s total value locked has climbed to about $774 million and tokenized real-world assets to $100 million, with CASHCAT alone worth roughly 85% of those assets’ value. The token is sti

U.S. Capitol Building (Jesse Hamilton/CoinDesk) The fate of the crypto market structure legislation is in a precarious place as the clock ticks down to the Senate's summer recess. The U.S. Senate has not yet indicated whether it will work on the Digital Asset Market Clarity Act, with just two days left in session , and there is no official word on whether or when the legislative body might vote on the bill. It's possible the Senate can take up the measure after it returns to Washington, D.C. in

Binance alleges Redotpay poached 470,000 users in what it describes as a massive breach of trust. RedotPay rejects the allegations. (Sasun Bughdaryan/Unsplash) Binance has sued Hong Kong-based RedotPay and its founders, alleging the firm diverted about 470,000 Binance customers and caused nearly $473 million in losses to the exchange. RedotPay, which calls itself the world’s largest stablecoin payment card issuer and is planning a U.S. IPO of more than $1 billion, has rejected the claims as unfo

U.S. Representative Shri Thanedar lost his primary, despite more than $2 million in crypto support. (Alex Wong/Getty Images) The crypto industry’s top political action committee couldn’t manage to prevent a pro-crypto House of Representatives incumbent, Shri Thanedar, from losing his Detroit primary. Fairshake spent more than $2 million on the race, but his progressive opponent prevailed. On the same night in Michigan and Washington, though, a number of the PAC’s other pics were victorious. The