Bull Market

Morgan Stanley Bitcoin Trust (MSBT) recorded a $66.8 million decrease in net assets from operations during its first 85 days, even as the exchange-traded fund brought in $371.1 million of gross share contributions against $5.26 million of redemption distributions. The trust’s first quarterly filing shows creations dominated redemptions while Bitcoin fell. Redemption distributions equaled 1.42%…

The China Passenger Car Association released data Tuesday showing penetration of new energy vehicles rose in July. Tesla’s Model Y remained popular. Source: www.cnbc.com Read Full Story

The former operating chief is starting a new venture following several departures across the ChatGPT developer’s leadership and safety teams. Source: decrypt.co Read Full Story

Grayscale has formalized a mandatory minimum cadence for converting staking rewards from three crypto exchange-traded products into cash and paying the net proceeds to shareholders. Trust amendments executed Aug. 6 for the Grayscale Ethereum Staking ETF (ETHE), Grayscale Solana Staking ETF (GSOL) and Grayscale Avalanche Staking ETF (GAVA) require each product to reduce “Staking Consideration”…

A volunteer security effort says it has scanned 150 Bitcoin repositories, disclosed more than a dozen vulnerabilities, and is building an open-source AI platform to automate software security reviews. Source: decrypt.co Read Full Story

Collateralized loan obligations may become the next big push in the exchange-traded fund industry. Source: www.cnbc.com Read Full Story

AI-assisted security campaign focused on the Bitcoin ecosystem, Bitcoin Red Team, said it generated 6,700 findings across 425 projects in its first 55 hours. The campaign labeled 1,029 of them high or critical. The Aug. 6 update measures how much material entered a security triage pipeline, and its effect on software security remains unreported. The…

“We’re taking decisive action to make UWM stronger, more liquid and better positioned to win for years to come,” CEO Mat Ishbia said in a statement. Source: www.cnbc.com Read Full Story

Meta’s new agent runs in your terminal, coordinates subagents, and survives crashes—but on the benchmarks that matter, it lags behind. Source: decrypt.co Read Full Story

GameStop has agreed to swap $1.4 billion of zero-coupon convertible notes for stock, a deal that would retire about one-third of its note principal if it closes. The resulting shareholder dilution will remain unknown until the company discloses the final share count. The company’s Aug. 3, 2026 filing covers about $400 million of notes due…