Bitcoin Watch: Strategy said it may sell up to $5B in bitcoin after a weaker quarter, sending BTC to a 3-week low near $62.5K. Exchange Earnings Pressure: Coinbase shares slid after a wider-than-expected Q2 net loss, even as it hit a record 10.3% global trading-volume share and pushed prediction markets and USDC growth. Stablecoin Regulation: Circle secured a limited-purpose trust charter from New York’s NYDFS, adding another regulatory layer for USDC custody/asset services. Ethereum Economics: Ethereum turned 11 with $148.8B in stablecoins and $15.5B in tokenized real-world assets, but base-chain fees cooled as activity shifts elsewhere. Tokenization Momentum: Robinhood’s blockchain has more than tripled in size since mid-July, with tokenized stocks driving rising daily volume. RWA DeFi Infrastructure: RedStone launched “Settle” to help DeFi liquidate tokenized Treasuries and other RWAs despite redemption delays. Crypto Crime & Scams: The IRS warned of spoofed letters using QR codes to drain crypto wallets; Reuters also flagged Shelbit’s $4B sanctions-evasion and illegal gambling flows. Policy Push: Treasury Secretary Bessent urged a Senate vote on the CLARITY Act, invoking Satoshi as crypto clarity talks intensify. Market Risk Signals: Russia proposed crypto margin rules using crypto collateral, while South Africa’s SARB reiterated tighter standards for crypto and stablecoins.