Circle reported 2026 second-quarter revenue and reserve income of $701 million before the U.S. market opened on Aug. 5, up 7% from a year earlier but below Wall Street consensus of roughly $713 million. Adjusted EBITDA came in at $143 million, up 8%, while diluted EPS was $0.18, above the expected $0.16. Net income reached $48.2 million, compared with a $482.1 million loss in the prior-year period, which the company said was largely due to a one-time stock-based compensation expense tied to its IPO in the second quarter of last year. USDC ending circulation stood at $73.3 billion, up 19% year over year, while on-chain transaction volume rose 151% to $14.8 trillion. Circle also highlighted new regulatory approvals, growth in CPN and Agent Stack, and the upcoming Sept. 16 public mainnet launch of Arc. On the earnings call, management said the Coinbase distribution agreement had been renewed on existing terms, discussed revenue sharing with Hyperliquid, and detailed ARC token presale figures, including about $242 million raised and roughly $180 million expected to be recognized as 2026 revenue.

Coinbase said it will suspend six trading pairs on Aug. 6, including LSETH-ETH and MINA-EUR, after previously moving five of those pairs to limit-only mode. At the same time, the exchange is adding support for three tokens: BIO, BNKR, and TREE. Coinbase said the changes followed a routine market review and were intended to improve liquidity management. Separately, according to crypto.news, the company plans to migrate institutional derivatives accounts to Deribit on Sept. 9 as part of a restructuring of its international derivatives business. The update combines spot market adjustments with a broader change to Coinbase’s derivatives setup outside the U.S.

Coinbase has announced that it will delist six non-USD trading pairs on August 6, 2026, as part of a push to improve overall market health and consolidate trading liquidity. The affected pairs are LSETH-ETH, MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT. The exchange said the delisting only concerns these non-USD denominated pairs. In supported regions, Coinbase Advanced Trade users can still trade the underlying assets through USD order books. Coinbase emphasized that regularly reviewing market performance on its platform is part of its standard operating process. The move, it said, is designed to focus liquidity, improve the trading experience, and strengthen order book depth. Looking at the broader trend, mainstream crypto trading platforms have been cutting low-liquidity pairs and optimizing market structures for years. That industry-wide effort is aimed at improving trading efficiency and reducing the impact of dispersed liquidity. The change takes effect on August 6, 2026.

S&P Global Ratings has assigned its top "AAAm" rating for principal stability to BlackRock's new tokenized money-market fund, the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, or BRSRV. The rating is the highest given by S&P in the category for principal-stability funds. It is based on the credit quality of the fund's investments and counterparties, its term structure, and management's ability to maintain a stable net asset value. S&P said it found no weaknesses in BlackRock's advisory management and organization, credit research and analysis, risk management, or compliance. The fund's tokenization framework, meanwhile, was described as operationally resilient, using a permissioned design that restricts transactions to whitelisted wallets, which helps reduce network, smart-contract, and blockchain risks. BRSRV launched as an open-end management investment company, with the specific goal of making its shares eligible as qualified reserve assets for payment stablecoin issuers under the GENIUS Act. Its portfolio will consist of cash, U.S. Treasury securities with maturities of 93 days or less, and overnight repurchase agreements collateralized by Treasury instruments, keeping the weighted average maturity at or below 60 days and the weighted average life at or below 120 days. In a separate stablecoin stability assessment, S&P found that six of the eleven stablecoins it covers have sufficient or stronger capacity to maintain their fiat pegs. USDT, TUSD, and USDe remain at the weakest level, level 5, while USDC, EURC, USDG, and USDP are rated level 2, considered strong.

S&P Global Ratings awarded BlackRock's tokenized money market fund, BRSRV, an 'AAAm' rating, its highest mark for principal stability. The rating reflects investment and counterparty credit quality, term structure, and management's ability to maintain a stable net asset value. S&P found no weaknesses in BlackRock Advisors' management, credit research, risk management, or compliance. The fund uses a permissioned architecture with whitelisted wallets to mitigate network, smart contract, and blockchain risks. Launched as an open-end investment company, BRSRV aims to qualify as reserve assets for payment stablecoin issuers under the GENIUS Act, holding cash, Treasuries within 93 days, and overnight repos. In a separate stablecoin assessment, six of eleven covered stablecoins show 'sufficient' or stronger fiat-peg capacity; USDT, TUSD, and USDe remain at 'weak' Level 5, while USDC, EURC, USDG, and USDP are 'strong' Level 2.

The U.S. Dollar Index, which tracks the dollar against six major currencies, fell 0.04% on Aug. 4 and finished late trading at 99.858, according to a report cited by ChainCatcher from Jin10. Currency moves against the dollar were mixed across the session. The euro rose to $1.1533 from $1.1514 in the previous trading day, while the British pound strengthened to $1.3452 from $1.3431. The dollar climbed against the Japanese yen, with $1 buying 157.66 yen versus 156.74 yen a day earlier. Elsewhere, the dollar slipped against the Swiss franc, falling to 0.8092 franc from 0.8101 franc. It gained against the Canadian dollar, moving to 1.4066 Canadian dollars from 1.4045 Canadian dollars. Against the Swedish krona, the dollar weakened to 9.5192 kronor from 9.5557 kronor in the prior session. The figures reflect late-session foreign exchange pricing for Aug. 4 as cited in the Jin10 report.

Visa has moved its stablecoin push beyond settlement pilots with the launch of Visa Stablecoin Platform, or VSP, now in limited testing. Announced on July 16, 2026, the platform is designed for commercial banks, fintechs and treasury teams, offering lifecycle management for stablecoins including minting, redemption, custody support and transfers. Visa positions the product as enterprise infrastructure rather than a simple settlement rail. The initial release supports two operating models: Wallet-as-a-Service for institutions that want Visa-provided key management technology, and Bring Your Own Wallet for firms already using external custodians such as Fireblocks, BitGo or Fystack. In beta, VSP natively supports only Open USD, or OUSD, and only on Ethereum, Solana and Tempo. The platform also ties into Visa Direct for cross-border payout conversion and is being linked with Pismo to support tokenized deposits alongside third-party stablecoins. The report argues that VSP’s launch matters not only because of its product design, but because of the economics around OUSD. The token is described as part of an Open Standard consortium backed by Visa, Mastercard, Stripe, BlackRock, Coinbase and more than 140 financial and technology companies. Its reserve income-sharing structure, according to the article, could pressure the legacy float-based model used by incumbent stablecoin issuers. The piece also highlights VSP’s relevance to agentic commerce, while noting several current constraints: restricted onboarding, limited asset and chain support, incomplete API availability and undisclosed pricing.

Bitcoin mining remained under heavy pressure through July, with network hashrate and difficulty still below prior peaks and miner revenue metrics hovering near multi-year lows. Data cited by Bitcoin Magazine Pro, Bitcoin News, VanEck, CryptoQuant and others pointed to a prolonged capitulation phase, falling unit hashprice, shrinking miner-held balances, and weak fee contribution relative to block subsidies. At the same time, a growing list of public mining companies expanded their push into AI and high-performance computing, with Bitdeer, CleanSpark, MARA, Core Scientific, Galaxy Digital, Keel Infrastructure and LM Funding all disclosing data-center, power-capacity, or HPC-related developments. On the legal and financing front, Poolin and two U.S. affiliates sought Chapter 11 protection in New Jersey, while BitRiver founder Igor Runets was moved into pre-trial detention in Moscow. Regulatory and policy developments also stayed active across New Hampshire, Kazakhstan, Uzbekistan and Malaysia, underscoring that the sector is now being shaped as much by energy, capital markets and infrastructure strategy as by Bitcoin price alone.