💵 Stablecoin Supply Drops $14.6B — Largest Fall Since Terra
The stablecoin market has shed roughly $14.56 billion in its largest contraction since the Terra collapse, with an additional $2.767 billion lost over the past seven days, according to DeFiLlama data.
The decline followed new federal rules that eliminated interest payments on digital dollars, flushing out yield-driven capital as investors repositioned away from non-yielding stablecoin holdings.
The Terra implosion in 2022 remains the benchmark for stablecoin market stress. A drop of this scale signals that regulatory changes to yield mechanics can trigger significant capital outflows from the sector.
⚖️ U.S. Crypto CLARITY Act Stalls Ahead of Senate Recess
The CLARITY Act, a sweeping digital asset regulatory framework exceeding 600 pages, has stalled in the U.S. Senate ahead of the August recess as disputes over ethics provisions slow negotiations.
Lawmakers continue debating the bill's structure for regulating cryptocurrencies, but no agreement has been reached. The Senate delayed approval as the ethics-related disagreements remain unresolved, pushing the timeline for a comprehensive U.S. crypto regulatory framework further into uncertainty.
The CLARITY Act has been one of the central legislative efforts in Washington to establish clear rules for digital assets.
🔐 Fake Trezor Support Scam Drains $282M in Bitcoin and Litecoin
A Bitcoin and Litecoin holder lost $282 million on January 10, 2026, after handing their 12-word seed phrase to a scammer posing as Trezor customer support.
No encryption was broken. The seed phrase itself is the wallet — anyone who holds it controls the funds. The attacker used social engineering rather than any technical exploit to gain access.
The incident is a reminder that legitimate hardware wallet makers never ask for recovery phrases under any circumstances.
⚖️ Minnesota bans crypto ATMs after $1M in scam losses
Minnesota has enacted a law banning crypto ATMs statewide, effective this past Saturday, eliminating a category of machines previously used by residents to purchase Bitcoin and other digital assets.
State officials linked approximately $1 million in scam-related losses to crypto kiosks between 2023 and 2025, with senior citizens identified as the primary victims. The ban follows a broader trend of U.S. states scrutinizing crypto ATM operators over fraud exposure, particularly targeting elderly users who may be more vulnerable to social engineering schemes involving kiosk-based transfers.
🏦 Sygnum Bank Embeds Crypto Into Swiss Regional Bank
Zurich-based Sygnum Bank has integrated its regulated crypto services directly into Bancastato's online banking platform, giving clients in Switzerland's Ticino region access to digital assets without a separate exchange account.
The integration supports four assets — Bitcoin, Ether, Litecoin, and Solana — accessible through Bancastato's existing interface. Sygnum operates on a B2B model, connecting its regulated infrastructure to traditional banks rather than serving retail clients directly.
The move reflects a broader trend of Swiss financial institutions embedding crypto into conventional banking services, with Sygnum positioning itself as the regulated back-end layer for banks seeking compliant digital asset exposure.
🟠 Bitcoin miners' AI pivot weakens Texas grid's emergency buffer
Texas shattered its all-time electricity demand record twice in two days last week. ERCOT recorded a preliminary 91,308 MW on July 22, one day after hitting 87,403 MW — both surpassing the previous record of 85,508 MW set in August 2023. Neither peak triggered a conservation appeal, a sign the grid held.
Bitcoin miners had served as a critical demand-response buffer: they could curtail operations rapidly during grid stress, effectively acting as a dispatchable load. But as miners pivot toward AI data center operations — which require consistent, uninterruptible power — that flexibility is eroding. AI workloads cannot be switched off on short notice the way mining rigs can, stripping ERCOT of a key emergency tool it had quietly come to rely on.
The shift raises structural questions for Texas grid resilience as summer demand continues to climb and the state's largest flexible load increasingly locks itself into firm power contracts.
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