The Block - 2026-07-31 ​
5 items collected.
1. Former Rep. George Santos agrees to pay $35,000 in CFTC settlement over Kalshi SOTU bet ​
Author: Sarah Wynn
Published: 7/31/2026, 8:25:30 PM
Categories: Policy, Regulation, CFTC
Former expelled U.S. Rep. George Santos settled with CFTC over trades made on Kalshi about the State of the Union.
2. Bitcoin losses linked to Coldcard vulnerability grow to $70 million, Galaxy Research says ​
Author: RT Watson
Published: 7/31/2026, 8:20:52 PM
Categories: Companies, Crypto Ecosystems, Crypto Infrastructure, Infrastructure, Policy, Regulation, Security, Web3, Exploits, Wallet Makers, Wallets
Galaxy said nearly 1,200 addresses were drained of more than 1,000 BTC worth roughly $70 million tied to a Coldcard vulnerability.
3. Coinbase’s Q2 miss sparks split on Wall Street, analysts debate growth beyond crypto trading ​
Author: Kyle Baird
Published: 7/31/2026, 7:34:26 PM
Categories: Companies, Crypto Ecosystems, Equities, Exchanges, Markets, Public Equities, Web3, Analyst Reports, Coinbase, Earnings, Tokenization
Wall Street lowered Coinbase targets after second-quarter earnings but remains split on the company's outlook.
4. Tether’s excess reserves fall by more than $4 billion amid weaker Q2 financial results ​
Author: RT Watson
Published: 7/31/2026, 5:58:47 PM
Categories: Companies, Crypto Ecosystems, Equities, Markets, Stablecoins, Token Projects, Earnings, Tether
Tether swung from $4.9 billion in net profit for Q2 2025 to $1.5 in net operating profit during the second quarter of this year.
5. Analysts back Strategy’s cash buildup as Saylor shifts from ‘100% bitcoin’ approach ​
Author: Naga Avan-Nomayo and RT Watson
Published: 7/31/2026, 5:40:13 PM
Categories: Companies, Equities, Markets, Public Equities, Analyst Reports, Earnings, Strategy
TD Cowen and Benchmark reiterated buy on Strategy after an $8.2 billion Q2 loss and a corporate STRC-to-par push.