This covers the Market Pulse between July 29 and August 5.
Crypto continues to underperform equities, which remains frustrating for the few remaining people that continues to believe in the industry. However, the industry is as vibrant as ever, with so many developments and experiments going on.
nairolf@0xNairolf
been a long time there hasnt been this much going on in crypto at the same time hip3 fees raise uni v4 experiments ethereum eips (native rollups + issuance) tokenized stocks growth robinhood chain arc mainnet blackrock tokenized money market feels gud
5:58 PM · Aug 5, 2026 · 2.92K Views
7 Replies · 2 Reposts · 33 Likes
We have reached a stage where people not involved in the industry directly and institutions are more bullish on the long-term prospects of the crypto industry, while people who have been here for a long time are now more interested in chasing robotics and AI.
I continue to believe that the upcoming years will be very fruitful for the crypto industry, and luckily I do not need to “make it tomorrow,” which is what I think is clouding people’s judgment, as comparison is the thief of joy. I would love to be given more time to accumulate.
We’re at the tail end of the bear market, reaching apathy, and bad news hasn’t taken us down so far while on-chain keeps providing people with trading opportunities.
Uniswap launches its own launchpad
Uniswap has decided to directly compete with Pons on the Robinhood chain and has launched its own token launchpad called pools.trade.
It’s a testament to Pons finding a working product quickly and one of the most successful protocols in crypto essentially vampire-attacking it cause they have the resources and the infrastructure to do so while bringing v4 innovation on top of that.
Going to be interesting to see how it develops.
Strategy sells more BTC
Strategy@Strategy
Strategy increased its USD Reserve by $250M and repurchased $81M of $STRC. This increased USD Duration by 57 days to 2.3 years and tightened STRC’s BTC Credit by 5 bps. As of 8/2/26, we hold ₿842,138 in our BTC Reserve and $4.0B in our USD Reserve. $MSTR
strategy.com
Strategy Increases USD Reserve by $250 Million to $4.0 Billion and Repurchases $81 Million of STRC
12:02 PM · Aug 3, 2026 · 134K Views
164 Replies · 264 Reposts · 2.67K Likes
This is wordplay as they strengthened their USD Reserve by selling BTC. Ironically, we have reached a stage where MSTR holders are getting diluted, and the company’s BTC holdings are diminishing in order to fund a flawed STRC Ponzi scheme.
They sold 1,638 Bitcoin, amounting to roughly $105M.
Nonetheless, if you continue to DCA BTC every time Saylor sells, you will do well.
ColdCard BTC Wallet Exploit has lost over $100M BTC
A bug in the software allowed hackers to reconstruct wallet seed phrases; it’s even worse when you realize why this was possible.
Chris Masterjohn@ChrisMasterjohn
The Cold Card security break was because the coder, working in python, disabled the built-in random number generator thinking it wasn’t needed because they were redirecting to a different random number generator, not realizing that the device itself, written in C, which the coder
bitcoin++ Insider Edition @btcinsider__
JUST IN: Dustin Dettmer (@dusty_daemon) digs into the COLDCARD firmware commit history to uncover what actually happened in the code to introduce one of the worst bugs for self-custody in recent bitcoin history https://t.co/PhaNZS23Lt
4:01 AM · Aug 2, 2026 · 406K Views
133 Replies · 318 Reposts · 3.98K Likes
This is extreme negligence that will lead to an increased loss of faith for hard wallets as people realize they are not better off with self-custody than they would have been safer on an exchange.
Long-term believers that did nothing wrong except trusting the wrong wallet company having their savings stolen is sad to see.
Aave is pruning dead weight instead of subsidizing fragmented liquidity
On Jul 29, an Aave governance proposal pushed to offboard 50 low-adoption reserves + 21 matured Pendle PTs across 11 deployments, plus deprecate multiple weak whole-market deployments. This is the right approach because each market comes with its own security risks, and if it doesn’t bring significant value, exposure, or revenue to the Aave ecosystem, then it isn’t worth the effort or the risk. Expect fewer chains and fewer assets to have relevance as time goes on.
In the meantime, they also have plans to deploy Aave v4 on Base as it is one of Aave’s largest deployments of v3 so far and makes sense considering it’s one of the few chains that have any kind of importance.
Tether Q2 results vs Circle
Tether posted its Q2 2026 results on July 31st, which included a $1.5B net operating profit, $4.11B USD reserve buffer, and gold holdings above 146 tons.
In comparison, Circle posted its results on August 5, which included a $34M net operating profit, while there was no indication of a reserve buffer.
What is evident is that Tether is a much leaner company that is keeping the majority of its profits, while Circle has business deals spread out (including Coinbase), which heavily eat into their margins.
BNB is dominating on-chain volumes and has even surpassed Solana this week as they have been aggressively capitalizing on other chains slowing down since the Robinhood frenzy calmed down.
However, I would start taking a close look at the Robinhood ecosystem again with the animal spirits showing signs of there being potential for a resurgence soon, considering the price action of Cashcat.
There is always an on-chain proxy (that rotates from time to time) that is a good indicator of the risk appetite people currently have. If you recall, Fartcoin was that proxy on Solana not too long ago.
All eyes on CLARITY
The CLARITY event not looking like it will pass is the main thing to watch. And I consider these “bad news” to be a buy-the-news event that will create a much better backdrop going into 2027.
However, the reality is that if you DCA from these levels until late October, then you will likely win in the coming 3 years, and you don’t need to complicate it further until something else that is obvious appears.
TAO and NEAR that I mentioned last week have bounced, but they have been climbing slowly as we remain in a low-volatility, choppy environment. If volatility increases soon, HYPE stands to benefit the most from it.
I hope you enjoyed the post. Don’t forget that you are more than welcome to leave feedback or drop any questions in the comment section.
By upgrading, you get access to:
Institutional-level weekly reports of protocols and crypto-related equities
All previous articles, and being able to request deep dives of what you want covered
Direct Q&A Access at all times
Earn free subscription months when you refer a friend who subscribes.
Bypass the complexities of crypto tax calculations effortlessly with the best-in-class tax calculator app – quick, precise, and at your fingertips here.
Disclaimer: All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing on the site constitutes professional and/or financial advice, nor does any information on the site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. I am just sharing my opinion. This post may contain affiliate links.
No posts
Comments
Nothing yet. Say the first thing.
Sign in to join the conversation.