Author: Cointelegraph By Brayden Lindrea

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Bitcoin falls to ‘extreme fear’ on Aug. 5 as ETFs outflow $168M

The Crypto Fear and Greed Index recorded a score of 17 out of 100 on Aug. 5 — the lowest it has been since July 12, 2022. Source link

Crypto critics file updated campaign finance complaint against Coinbase

The complainants and Coinbase disagree on whether a government contract to custody seized crypto breaches campaign finance laws or not. Source link

US senators urge CFTC to finalize ban on election betting

It comes as decentralized prediction platform Polymarket has gathered more than $500 million in bets on who will likely win the 2024 United States presidential election. Source link

Australian federal police to probe 2,000 exploited crypto wallets

Chainalysis’ Operation Spincaster found over 2,000 Australian-owned crypto wallets were hit by “approval phishing” scams. Source link

Bill proposes to give Secret Service more power to pursue crypto crime

Stronger threat assessments are needed to catch “seedy financial enterprises” facilitating money laundering schemes,” US Senator Charles Grassley said. Source link

Digital Chamber urges US senators to support Lummis’ Bitcoin reserve bill

The crypto advocacy group says it is hand-delivering letters to every US Senator explaining why Bitcoin would help the US secure its position as a world leader. Source link

Bitwise says 'we’re not bullish enough’ amid political sway to crypto

Bitwise’s Matt Hougan said the idea that US politicians are even considering Bitcoin as a reserve asset is a monumental step given it felt more like a “daydream” a year ago. Source link

Bitcoin miner Riot Platforms miss estimates with wider Q2 loss

Riot managed to increase its revenue from Bitcoin mining despite reporting a staggering 340% increase in costs to mine a Bitcoin. Source link

SEC likely still believes SOL is a security, say crypto execs

Many crypto observers may be “overreading” the security regulator’s latest filing for its Binance lawsuit, meaning Solana and other tokens may not be off the hook yet. Source link

Citron founder pleads not guilty to fraud over short seller calls

Lawyers for short-seller firm Citron’s Andrew Left reportedly said he would “never” accept a plea deal with the US government. Source link