Sam Bankman-Fried has bail revoked, ordered to jail; the SEC delays decision on a spot Bitcoin ETF; and the SEC moves to appeal on Ripple’s case. Source: https://cointelegraph.com/magazine/sbf-ordered-to-jail-bitcoin-etf-delayed-and-sec-to-appeal-ripple-case-hodlers-digest-aug-6-12/

Senator Lummis argued that the SEC is attempting to “circumvent the political process” by establishing itself as the main authority on crypto. Source: https://cointelegraph.com/news/senator-lummis-files-amicus-brief-supporting-coinbase-s-dismissal-motion-against-sec

Task Force Lima will look into how artificial intelligence can be used across the U.S. defense, including warfighting capabilities. Source: https://cointelegraph.com/news/pentagon-task-force-lima-to-study-generative-ai-defense

Fireblocks said the vulnerabilities affecting Coinbase, Binance, and Zengo have since been fixed and has reached out to more than 12 others still at risk. Source: https://cointelegraph.com/news/fireblocks-identifies-crypto-wallet-bitforge-vulnerability

The firm managed to narrow net loss in the quarter as it ramped up Bitcoin production. Source: https://cointelegraph.com/news/bitcoin-miner-riot-platforms-q2-results-filing

“We’re going to fight like cats and dogs to win market share” once spot Bitcoin ETFs are approved, Galaxy Digital CEO Mike Novogratz told shareholders. Source: https://cointelegraph.com/news/blackrock-insiders-bitcoin-etf-within-six-months-galaxy-novogratz

Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed CBDC. Source: https://cointelegraph.com/news/paypal-usd-boon-for-ethereum-but-not-decentralization-says-community

The crypto exchange is the 12th to receive a crypto-dealing license in the country allowing it to service accredited investors and institutions. Source: https://cointelegraph.com/news/blockchain-com-payment-license-singapore-mas

Curve Finance is extending a $1.85 million bug bounty offer to anyone who can identify the exploiter of its stable pools. Source: https://cointelegraph.com/news/curve-finance-opens-bounty-after-exploiter-deadline-expires

The attacker started returning stolen funds after accepting nearly $7 million in bug bounty. Funds had been returned to Alchemix and JPEGd. Source: https://cointelegraph.com/news/alchemix-reports-return-of-all-stolen-funds-from-curve-pools