Hey crypto addicts,

The CLARITY Act has received its first major backing from a national law enforcement organisation, marking another step forward for U.S. crypto regulation. However, despite the growing support, prediction markets now place the bill's chances of passing this year at around 30% as political negotiations continue.

The biggest obstacles remain disagreements over ethics provisions, stablecoin regulation and the Senate's crowded legislative calendar. With lawmakers prioritising other legislation before the August recess, time is quickly running out for the bill to reach a final vote.

If eventually passed, the CLARITY Act would establish a clearer regulatory framework for digital assets by defining the responsibilities of the SEC and CFTC. While the immediate outlook remains uncertain, the legislation continues to be viewed as one of the most significant crypto bills currently under consideration in the United States. ☕

What we’ve covered for you today:

Ripple-backed Evernorth has updated its SEC filing as it moves closer to completing its planned Nasdaq merger and launching a $1 billion XRP treasury strategy. The latest amendment includes employment agreements for key executives, marking another step forward in building one of the largest publicly traded XRP-focused companies.

The updated filing outlines compensation packages for senior leadership while reinforcing the company's commitment to its long-term institutional strategy. Once approved, the merger is expected to provide investors with regulated exposure to XRP through a publicly listed company.

The development highlights the growing trend of corporate digital asset treasuries beyond Bitcoin. As institutional interest in XRP continues to expand, Evernorth's progress could become another milestone in the broader adoption of crypto as a corporate treasury asset. ☕

Tokenization is rapidly becoming a reality, but not in the way many expected. Rather than replacing traditional financial infrastructure, the Depository Trust & Clearing Corporation (DTCC) is leading the transition by successfully processing live tokenized trades with more than 40 major financial institutions, including BlackRock, JPMorgan and Nasdaq.

The milestone highlights how traditional finance is embracing blockchain technology instead of competing against it. Crypto-native companies such as Circle, Ondo Finance and Ripple Prime are now collaborating with the DTCC, demonstrating that institutional adoption is increasingly being driven by partnerships rather than disruption.

As tokenization continues gaining momentum, the biggest opportunity may lie in integrating blockchain with existing financial systems instead of replacing them. The DTCC's progress signals that the future of digital assets is likely to be shaped by cooperation between Wall Street and the crypto industry rather than competition.☕

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Pi Network says its ecosystem has now completed more than 526 million human-powered tasks, with contributors earning an average of around $2 per task. The milestone highlights Pi's strategy of combining blockchain technology with a global workforce to complete digital jobs while rewarding user participation.

Rather than relying entirely on artificial intelligence, Pi is building a human verification network capable of supporting tasks that still require real people. The approach aims to create a scalable digital labour marketplace while expanding the utility of the Pi ecosystem.

The achievement demonstrates how blockchain projects are increasingly exploring real-world applications beyond payments and trading. If the model continues to grow, human-powered digital work could become another emerging use case for decentralised networks and token-based economies. ☕

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A new Ontario Securities Commission (OSC) survey shows crypto adoption in Canada continues to grow, with one in four Canadians now owning crypto assets or crypto investment products, up significantly from previous years. The report also found rising awareness, stronger confidence in digital assets and increasing use of registered trading platforms,

Hyperscale Data plans to finance the expansion of its AI data center business by leveraging its growing Bitcoin treasury rather than relying solely on traditional financing. The company intends to use Bitcoin-backed credit facilities to unlock capital while retaining ownership of its BTC holdings, allowing it to fund infrastructure growth without selling its assets.

Australia's online safety regulator has launched legal action against Telegram, alleging the messaging platform failed to promptly detect and remove terrorist and extremist content, including videos linked to the Christchurch and Buffalo mass shootings and Islamic State propaganda. If found in breach of the country's Online Safety Act.

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