Crypto Pulse

OverviewNigeria has formalized how it will tax digital assets. The Nigeria Revenue Service, the renamed successor to the Federal Inland Revenue Service, published its Guidelines on the Taxation of Virtual Assets on July 31, 2026 and announced the framework publicly on August 3, setting out how the Nigeria Tax Act 2025 and Nigeria Tax Administration Act 2025 apply to crypto. The rules emerged from a Virtual Asset Council established under a presidential executive order, and they close gaps that h

Overview When the binding constraint on compute shifts from chips to electricity, the assets that supply the electricity get repriced. On July 31, Westinghouse Electric Company confirmed it had confidentially submitted a draft registration statement for a US initial public offering to the Securities and Exchange Commission. Reuters reported that the nuclear technology and services supplier, jointly owned by Cameco and Brookfield Renewable Partners, was joining a wave of nuclear companies tapping

Overview The navigability of one waterway is currently setting oil prices, equity records and the market's odds on a September Fed hike. On August 5, President Trump said a deal with Iran to reopen the Strait of Hormuz could happen as soon as Wednesday or Thursday, with Treasury Secretary Scott Bessent saying an agreement may be imminent. CNBC's coverage of the day's developments reported that those signals drove oil sharply lower and sent stocks to record levels. The two sides are not telling t

Overview The Federal Reserve's July 29 decision looked like a hold. The vote behind it was the most hawkish of this cycle. The Federal Open Market Committee voted 9 to 3 to keep the federal funds rate at a target range of 3.50% to 3.75%, a fifth consecutive hold, with three regional Fed presidents formally voting to raise by a quarter point. CNBC's coverage of the decision noted this was the first time since September 2016 that three policymakers dissented in favour of a hike. The reason this ke

Overview The most consequential structural change in stablecoins over the past decade is not market cap growth. It is that issuers are being pulled inside bank regulation. Circle completed two steps in three weeks: final approval from the Office of the Comptroller of the Currency on July 10 to establish a national trust bank, followed by a New York Department of Financial Services limited purpose trust charter on July 31. According to Circle's announcement of the final OCC approval, the entity i

Overview The market structure legislation the US crypto industry has waited on for more than a year is now compressed into a window measured in hours. The Senate's scheduled session end date is August 7, and as of this writing on August 6, the Digital Asset Market Clarity Act (H.R. 3633) has not appeared on the Senate agenda and no cloture motion has been filed. CoinDesk, in its rundown of the possible outcomes, reported that the Senate has not indicated whether it will work on the bill, with ju

When Did Sandisk Report Q4 FY2026 Earnings?Sandisk released its fiscal fourth-quarter and full-year 2026 earnings after the U.S. market closed on August 5, 2026. The quarter ended on July 3.Investors can review the company’s official Q4 FY2026 earnings presentation and its Investor Relations page for the financial statements, presentation and earnings-call materials.Did Sandisk Beat Earnings Expectations?Yes. Sandisk reported quarterly revenue of $8.965 billion, up 51% from the previous quarter

I. Macro & Market Sentiment(Market Data)· BTC Price: $64,541 (24h +0.39%)· Funding Rate: +0.0073%· Fear & Greed Index: 25 (Extreme Fear)(Key Event Preview)· Trump stated that the US-Iran issue regarding the Strait of Hormuz will yield results within 48 hours, the strait may open on Wednesday or Thursday, and the geopolitical conflict premium faces a reassessment.· The hawkish camp within the Federal Reserve is expanding. Among the 12 regional Fed presidents, 5 have publicly expressed support for

Unitree Robotics, one of China's leading robotics companies, officially launched the preliminary consultation process for its IPO on the STAR Market of the Shanghai Stock Exchange on August 5.Before the company's shares officially begin trading, crypto investors can also gain exposure to market expectations through Unitree Pre-IPO, a product listed on MEXC. This allows users to trade based on the company's estimated valuation even before its public listing. Key TakeawaysUnitree Robotics is a Chi

Overview Shares of Londian Wason New Energy Tech Inc. (NYSE: FOIL), the global market leader in electrolytic copper foil for lithium-ion batteries, captured widespread market attention after pricing its initial public offering at $22.00 per American Depositary Share (ADS) to raise $94.3 million on the New York Stock Exchange. The offering marked the largest US listing by a Chinese corporate issuer in over twelve months. However, after surging more than 18% during its opening trading session, the