Upbit will add Block Street (BSB) to its Korean won, Bitcoin and USDT markets on Aug. 7, giving the token three new spot pairs in South Korea. 

According to Upbit’s official listing notice, the exchange scheduled trading for 3:00 p.m. Korea Standard Time and said deposits and withdrawals would initially be supported only through Ethereum.

A bitcoin wallet that had been dormant since 2011 moved nearly 50 BTC worth about $3.2 million on Thursday, shifting the coins to an address with a history of sending bitcoin to institutional crypto brokerage FalconX.

The wallet received the coins on July 16, 2011, when bitcoin traded around $10, and had not spent them since, according to Galaxy Research. The 49.97 BTC position is now worth roughly $3.2 million after surviving more than a decade of bitcoin booms, crashes and exchange failures.

The transaction, included in block 961331 at 20:14 UTC on Aug. 6, combined four inputs from the dormant address totaling 49.97 BTC with two smaller inputs from other addresses. Exactly 50 BTC was sent to a SegWit address, while a second output received about 0.00116 BTC after fees.

SegWit is a newer Bitcoin address format that makes transactions more space-efficient and generally cheaper to send. Addresses beginning with bc1 use it.

The destination is not a fresh wallet, however. Arkham data show the address has been active for several years and previously sent 6.336 BTC and 16.131 BTC to addresses the analytics platform labels as FalconX deposits.

Trump disclosed more than $1 billion in income from his crypto ventures in 2025. Senate Majority Leader John Thune said a vote would come in September, when lawmakers return on Sept. 14 with three weeks to work through a backlog that also includes government funding and a Russia sanctions bill.

Spot bitcoin funds took in about $626 million between Aug. 3 and Aug. 5, enough to defend the $63,000 to $64,000 area but not enough to push through resistance between $66,000 and $66,600.

Next week brings the U.S. employment report and July inflation data. The Federal Reserve held rates at 3.50% to 3.75% in July, though three officials voted to raise them. A strong jobs number or sticky inflation would strengthen the case for tighter policy, which typically weighs on bitcoin.

Bitcoin has not managed to break $66,000 even with money coming in all week. Next week’s jobs and inflation reports decide whether it gets another try or slips back toward $63,000.

Bitcoin’s BTC$64,237.07 recent price action has been unremarkable and boring, the kind that sends traders looking for excitement elsewhere.

But look closer, through a technical analyst’s lens, and the token appears to be hammering out a bullish pattern, which, if confirmed, could suggest a rally to $76,000.

That pattern is the popular inverse head-and-shoulders (H&S) setup, typically seen at the end of a downtrend rather than in the middle of one. It involves three troughs separated by temporary price recoveries. The middle trough is the deepest, marking peak bearishness or selling, while the shallower trough that follows is the first sign of seller, or downtrend, exhaustion.

A completed pattern, marked by prices rising through a line connecting the interim recoveries, called the neckline, is said to confirm a bullish trend revival.

The pattern is visible on bitcoin’s daily chart: a low near $60,000 in early June formed the left shoulder, a deeper trough near $57,700 in late June or early July marked the head, and the recent bounce from around $62,500 formed the right shoulder. Each trough was followed by a rebound toward a similar resistance zone.

Zeus Wallet has taken its infrastructure offline after mitigating a cybersecurity incident, saying no customer funds have been lost or placed at risk while it completes a full systems audit before restoring services.

Zeus Wallet announced the incident in an Aug. 5 update, saying the attack had been contained within hours but that infrastructure would remain offline until a comprehensive review of its systems is completed. The self-custodial Bitcoin Lightning Network wallet said its investigation has so far found no evidence that the incident stemmed from a vulnerability in Lightning node software.

Founder Evan Kaloudis said in a company blog post that investigators currently believe the attack was limited to Zeus’ own infrastructure. He added that the company has not identified any impact on customer funds and is continuing to audit its systems before bringing services back online.

No timeline has been provided for restoring operations.

Zeus says customer funds remain safe

While infrastructure remains unavailable, Zeus said customers whose Lightning Service Provider (LSP) channels were closed during the incident will receive replacement channels once services resume and requests can be processed.

The company also asked affected users to contact support through the help section of the Zeus mobile wallet, while warning that response times may be longer than usual as support requests increase during the outage.

Kaloudis said the incident has reinforced Zeus’ ongoing work on trusted execution environments, also known as enclaves, together with the Validating Lightning Signer (VLS) project. According to the company, the planned infrastructure design is intended to mitigate this category of attack.

Although Zeus described the incident as a cybersecurity attack, it did not disclose how the attackers gained access or whether any internal systems outside its infrastructure were affected.

Previous service disruption followed Boltz shutdown

The infrastructure outage comes only days after Zeus announced another service change affecting users.

On Monday, the wallet said it would disable swap functionality after non-custodial Bitcoin swap provider Boltz suspended its own platform until further notice. Zeus linked the decision directly to Boltz’s shutdown, although the swap suspension and the cybersecurity incident have been announced separately.

The CLARITY Act’s chances of receiving a weekend Senate vote faded Thursday after leadership took no procedural action to advance the crypto market structure bill.

CLARITY Act misses another procedural opening

Senate Majority Leader John Thune did not file cloture on the motion to proceed to the CLARITY Act on Wednesday, leaving the bill without the procedural countdown needed for an initial vote.

The U.S. Senate Daily Press said the chamber would reconvene at 10:00 a.m. Thursday and resume consideration of a group of nominations under Senate Resolution 817. Roll-call votes were expected but had not been scheduled.

Thune filed cloture on a substitute amendment to H.R. 6500, the underlying continuing-resolution vehicle, the motion to proceed to S. 4668 and Todd Blanche’s nomination to be attorney general. S. 4668 is the Protect College Sports Act of 2026.

The CLARITY Act was absent from that list. Without a cloture filing, Senate leaders cannot begin the standard process of limiting debate and moving the bill toward floor consideration. The omission made a weekend procedural vote increasingly difficult, even if senators remain in Washington beyond Friday.

Bipartisan negotiations remain active

The delay came despite signs that Republicans, Democrats and the White House were continuing to negotiate unresolved provisions.

Sen. Thom Tillis told reporters that administration officials had begun examining parts of the proposed language.

“We’ve got people working with the White House right now… they’re going through some of the lines right now,” Tillis said.

Ethics restrictions involving senior federal officials have remained one of the largest barriers to an agreement. Lawmakers have also discussed provisions covering illicit finance, decentralized finance, stablecoin rewards and the Commodity Futures Trading Commission’s authority.

The Senate would need 60 votes to invoke cloture and advance the legislation. Republicans cannot reach that threshold without Democratic support, making a bipartisan agreement necessary before leadership puts the measure on the floor.

Even if senators agree on the disputed language, the bill must still compete with government funding legislation, nominations and other measures already placed in the procedural queue.

Lummis keeps pressure on Senate leaders

Sen. Cynthia Lummis has continued pressing for a vote before the August recess. The Wyoming Republican said earlier this week that lawmakers could remain in Washington through the weekend.

“I don’t think we’ll be leaving on Friday. I think we’ll go into the weekend,” Lummis said.

“There are other bills in addition to the CLARITY Act that we need to take votes on before we leave for the August recess.”

Lummis previously said Thune had reserved space for the legislation on the Senate agenda for several weeks. However, her comments described her expectation for the bill rather than confirming that leadership had scheduled a procedural vote.

Negotiators have worked on the measure for nearly 11 months. Lummis said she had recently focused on its CFTC provisions while lawmakers attempted to resolve differences between the two parties.

The senator has argued that Congress needs to clarify federal oversight of digital assets to prevent crypto companies from moving operations outside the United States.

Polymarket odds fall to 17%

Prediction-market traders have become increasingly doubtful that the legislation will clear Congress this year.

Polymarket placed the probability of the CLARITY Act being signed into law in 2026 at approximately 17% on Thursday, down 48% over the period displayed in the supplied chart. The contract has attracted more than $5 million in cumulative volume.

The odds had traded above 70% at several points earlier in the year before declining through June and July. They fell more sharply as unresolved negotiations and the crowded Senate calendar narrowed the available legislative window.

The Polymarket contract resolves “Yes” only if H.R. 3633 passes both chambers and receives the president’s signature by Dec. 31.

A bipartisan agreement could revive the bill after the recess, but the Senate would still need to complete its procedural votes, consider amendments and approve the legislation. Any changes to the House-passed text could also require further action in the House before the measure reaches the president.

Optimism published its Year 4 budget update and Year 5 outlook on Aug. 6, forecasting that circulating supply will reach 2.504 billion OP by April 2027.

That would equal 58.3% of the project’s reported 4.295 billion total supply.

The Foundation’s stated figures imply that approximately 343 million OP could enter circulation from May 2026 through April 2027. Optimism said in the official update that it had not requested a new token allocation and would continue working within the original distribution framework.

Optimism budget directs 200M OP toward its ecosystem

The Ecosystem Fund represents the largest listed Year 5 category, with 200 million OP forecast to enter circulation. Optimism also expects releases of 47.6 million OP for early core contributors, 15.3 million for investors and 10 million from the Governance Fund.

No OP circulation is forecast from airdrops or Retro Funding during the period. However, the figures are not final.

The Foundation described them as “directional estimates” that are “subject to adjustment” based on program performance and governance input.

The listed Year 5 categories total 272.9 million OP. Yet the increase from the reported 2.161 billion starting supply to the 2.504 billion target equals roughly 343 million. The post does not identify the remaining 70.1 million OP or reconcile that difference.

A second discrepancy also requires clarification. The budget post lists 2,160,975,703 circulating OP as of Aug. 6, while Optimism’s linked public tracker displayed 2,286,467,356 OP when accessed the same day. The post does not explain the difference of approximately 125.5 million OP.

Year 4 spending fell as broad incentives paused

Optimism said it made about 150 million OP in new commitments during Year 4, around one third below the 229.92 million committed in Year 3. Governance Fund tokens entering circulation fell 53% to 13.4 million, while Retro Funding releases declined 30% to 14.2 million.

No user airdrops occurred during the period. Retro Funding also paused after the final Season 7 mission payments. The Foundation said 777.6 million OP, or 90.5% of the program’s original allocation, remains available for possible future rewards.

Ecosystem Fund circulation rose 53% to 208.5 million OP. However, the Foundation said the increase did not represent equivalent new spending. It attributed most releases to previously approved partner grants reaching vesting dates or completing required milestones.

As previously reported in OP token unlock coverage, tokens entering circulation can increase available supply. However, an unlock does not establish that recipients will sell their tokens.

OP Enterprise becomes the main spending strategy

The Foundation said future deployment would concentrate on growing OP Mainnet and acquiring OP Enterprise customers. The institutional service launched in January with Fully Managed, Self Managed and OP Mainnet tiers for exchanges, payment businesses and financial institutions.

The strategy has produced agreements involving Bitpanda’s Vision Chain, Kraken-backed Ink and Dunamu’s GIWA Chain. Bitpanda plans to launch Vision Chain through the Fully Managed service, while Ink is scheduled to complete its Fully Managed transition in August.

As crypto.news reported in related GIWA Chain coverage, Upbit operator Dunamu selected the Self Managed tier. The structure allows Dunamu to operate the network while receiving support from Optimism.

Optimism also cited ether.fi’s deployment on OP Mainnet, reporting more than 70,000 active cards and $220 million in total value locked. Those figures come from the Foundation and should be treated as company-reported metrics.

Buybacks remain smaller than projected circulation

Optimism governance approved a 12-month program that directs 50% of eligible Superchain revenue toward monthly OP purchases. The budget update said the program had acquired more than nine million OP by Aug. 6.

As crypto.news reported in its OP buyback approval, governance approved the program in January. The first disclosed purchase used 95.8 ETH to acquire approximately 1.57 million OP.

The purchased tokens are held in the Collective treasury rather than permanently destroyed. The proposal leaves future governance to decide whether repurchased OP will be burned, used for ecosystem funding or assigned another function.

More than nine million OP in buybacks remains well below the 343 million circulation increase implied by the budget’s starting and ending figures. The comparison does not establish future price performance, because circulation, treasury holdings and market sales measure different token flows.

What happens next for OP supply

The Foundation will continue assessing spending against OP Mainnet growth and enterprise customer acquisition. It plans to publish its next annual budget update and Year 6 outlook by June 2027.

Before then, investors will need a reconciled supply schedule. The category forecasts, stated starting supply and live tracker currently produce different totals. Until Optimism provides further clarification, the 2.504 billion endpoint should be treated as a directional Foundation forecast rather than a fully reconciled unlock schedule.