CoinDesk (@CoinDesk)

ALERT: 594 $BTC ($38M) has been drained from 500 @COLDCARDwallet hardware wallets in a 25-minute window, exploiting a flaw in how the device generated private keys. The vulnerability traces to firmware 4.0.0 shipped in March 2021.

The CLARITY Act moves closer to a Senate vote as lawmakers negotiate its final ethics provisions, Revolut reaches a $115 billion valuation to become Europe's most valuable private company, and Polymarket challenges France's nationwide block of its platform. @Uyendoe has what you need to know.

The CLARITY Act hinges on a final compromise over its ethics provisions, Kalshi launches a U.S. midterms prediction hub, and Movement Labs files for Chapter 11 bankruptcy. @uyendoe has what you need to know. Thank you to @jpegtrading 👋 for being a sponsor of the CoinDesk Media Network.

.@DirexionLETFs's @BilalSLittle says Bitcoin's long-term outlook remains strong. With the GENIUS Act in place and the CLARITY Act advancing, he argues the U.S. is building the legal foundation for crypto adoption, and that could make Bitcoin one of the biggest winners.

RESEARCH: The June-July window repriced across crypto as stablecoin supply, spot BTC ETF flows and aggregate exchange balances all contracted since 1 June. Binance moved the other way, posting positive flows in early July while the market saw net outflows

🎥 @IOHK_Charles on the recent Wanchain Cardano-BNB bridge hack: "All software is under this enormous assault," as AI-powered attacks accelerate beyond crypto. Thank you to @realfi_co 👋 for being a sponsor of the CoinDesk Media Network.

INSIGHT: Zcash has a three-step plan to become fully quantum resistant, starting with protecting user privacy before anything else. Research report by CoinDesk Research, commissioned by @genzcash. Read the full breakdown:

Polymarket traders boost the CLARITY Act's odds after reports of a breakthrough on ethics provisions, Jack Mallers steps down as CEO of Twenty One Capital, and UK lawmakers investigate whether banks are unfairly restricting crypto firms. @uyendoe has what you need to know. Thank you to @hodlwithLedn 👋 for being a sponsor of the CoinDesk Media Network.

ENERGY: "Bitcoin as a technology is probably the greatest invention for the energy industry and grid operations since the battery." - Daniel Jonsson @dfjonsson of @MGMTVentures Thank you to our partner @xapobankapp partnering with @CoinDesk 🤝

INSIGHT: Diego Gutierrez Zaldivar (@dieguito), of @rootstock_io: "If it's only store of value, the utility of Bitcoin is limited. But if you can use Bitcoin as collateral for lending... you can unleash the full power of the asset." Filmed on location at the @xapobankapp summit in 🇬🇧

FedWatch Advisors CIO Ben Emons (@Marcomadness2) says the memory and AI sell-off is tightening financial conditions, and those tighter conditions could help dampen inflation by slowing investment and cooling the broader economy.

.@SenatorHagerty takes aim at Sen. Elizabeth Warren, arguing her opposition to decentralized crypto reflects a preference for digital assets that can be tracked, controlled and "choke pointed" by centralized authorities.

China's AI shock. Wall Street's blockchain milestone. 2X Levered ETFs. Ben Emons (@Marcomadness2) breaks down the market fallout, @nchakar explains @The_DTCC's move into live tokenized securities, and @DirexionLETFs's @BilalSLittle unpacks the first 2x leveraged spot Bitcoin and Ether ETFs — on Public Keys at the @NYSE with @JennSanasie. Chapters/Timecodes: 00:00 Welcome to Public Keys 00:22 Ben Emons (FedWatch Advisors) Joins Public Keys 00:48 China's Kimi K3 Rattles Chip Stocks Friday 01:42 Bitcoin Holds $64K, While AI Sells Off 02:59 Crypto Miners Pivot to AI: HUT8 Up 14% 03:58 Kimi K3 vs. DeepSeek: This Time It's a Price War 05:03 AI Selloff Tightens Financial Conditions, Helps Fed 06:32 Fed Now Debating Rate Hikes, Not Cuts 06:58 CLARITY Act Deadline: August 7th 09:15 DTCC Takes Tokenized Securities Into Live Production 09:36 Nadine Chakar on the 10-Year Journey to Live Tokenization 13:45 DTCC's Multi-Chain Roadmap 15:26 DTCC's Digital Twin Framework 18:14 Bitcoin ETF Flows: $76M Week Masks $425M Monday Outflow 18:49 Ether ETFs Outpace Bitcoin; Robinhood Chain Hits $800M+ Daily Volume 19:35 Bilal Little (Direxion) on the First 2x Spot Crypto ETF Debut 22:42 How BTCU and EVMU Work — and Why Not Just Use Margin? 25:50 Do Bitcoin ETFs Mirror Gold? 27:38 Fear and Greed Index at 29

While most traders were chasing the $ANSEM creator coin, @kaizen CEO @thebrianjung was watching something else: Robinhood Chain's launch. He bet that liquidity would flow into CASHCAT instead. The result was an $80,000 position that grew to roughly $1.2 million.

🎥 @cryptonomista of @hodlwithLedn says many clients view bitcoin and gold as interchangeable hard money assets, shifting between them based on relative opportunity. After favoring precious metals in 2025, he's now seeing clients rotate back into bitcoin as gold trades near historic highs and BTC's outlook improves.

🎥 @cryptonomista, founder of @hodlwithLedn, says investors are rotating from gold back into bitcoin as market conditions shift. He argues physical gold is difficult to move and borrow against, while tokenized gold offers many of the same benefits in a more efficient, digital format.

.@TeraWulfInc CEO @PaulBPrager compares building AI data centers to crafting Ferraris, saying success depends on specialized designs, quality power, skilled labor, and flawless execution.