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U.S. Senate opens first stage of crypto Clarity Act voting to give bill a chance next month

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U.S. Senate opens first stage of crypto Clarity Act voting to give bill a chance next month

The U.S. Senate is finally leaping into the first procedural votes on the crypto Digital Assets Market Clarity Act, after the leadership moved early Saturday to start official floor action on the crypto market structure bill, marking the farthest progress yet for the industry’s central policy effort.

But this key advance announced after a marathon overnight voting session comes after the bill has missed its window to get a vote before the Senate’s summer break, leaving it in a long-shot position to get approval in September. Though the Clarity Act’s chances are hanging by a thread, it would likely have been declared dead for 2026 without at least this first important movement.

“We, the undersigned senators … hereby move to bring to a close debate on the motion to proceed to calendar number 423, [House Resolution] 3633, an act to provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and so forth and for other purposes,” the clerk said reading the filing.



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‘Wanted to get focused’ – Trump Media scales back crypto ambitions

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‘Wanted to get focused’ – Trump Media scales back crypto ambitions


Under acting CEO Kevin McGurn, Trump Media & Technology Group (TMTG), the parent company of Truth Social, is making a significant strategic change by pulling back from its cryptocurrency expansion plans.

Instead of developing and running various cryptocurrency and financial products, the company is now focusing on its core media and data businesses. This is a change from its prior strategy of using its Trump branding and public-company structure to get into the crypto treasury market.

Furthermore, TMTG, Crypto.com, and Yorkville Acquisition Corp. have canceled the Trump Media Group CRO Strategy, which would have created a publicly traded company devoted to purchasing and staking Crypto.com’s CRO token.

Citing the reasons for the same, the company noted, 

Prevailing market conditions and shifting business and stakeholder priorities.

This indicates that TMTG is withdrawing from the increasingly congested crypto-treasury market.

Remarking on the same, McGurn added,

We wanted to get focused.

Is Trump Media giving up on crypto entirely? 

However, the company isn’t giving up on cryptocurrency completely. Rather, it seems to be shifting toward a distribution and partnership model that would let companies like Crypto.com offer crypto products while TMTG concentrates on its media, audience, and data businesses.

Plans to incorporate prediction markets directly into Truth Social are also being retracted by TMTG. Instead, it intends to use its audience to advertise Crypto.com’s prediction-market products.

That said, the change stems from management’s desire to simplify its approach and concentrate resources on top priorities as TMTG gets ready for its impending merger with fusion-energy firm TAE Technologies.

Growing scrutiny around President Trump

This coincided with Democratic Senators Richard Blumenthal and Elizabeth Warren requesting that the SEC look into the Official Trump (TRUMP) memecoin. 

According to the senators’ letter, after the TRUMP memecoin crashed by about 98%, over 1 million investors lost over $3.81 billion, while Trump and early participants made about $636 million. The difference is similar to rug-pull patterns, lawmakers said.

Additionally, Trump’s larger cryptocurrency businesses reportedly earned about $1.4 billion in 2025, which sparked calls for the CLARITY Act to include ethics provisions. Moreover, a tax-deferral clause has also been added to address the possible tax burden from a forced asset sale. 

Trump Media’s crypto bet losing steam

Meanwhile, during the 2025 Bitcoin [BTC] rally, Trump Media’s BTC holdings amounted to roughly $1.456 billion, resulting in an unrealized gain of roughly $88 million. Nevertheless, the holdings experienced losses due to the subsequent decline in Bitcoin’s price.

Since then, Trump Media has lessened its exposure to Bitcoin. According to reports, the business lost roughly $145 million after selling an additional 2,628 BTC for $165.07 million.

In fact, it has locked in about $318 million in losses in 2026 by selling 7,281 BTC for $545 million at an average price of about $74,860. All in all, the company’s Bitcoin investment has resulted in losses of up to $555 million.

Final Summary

  • TMTG, Crypto.com, and Yorkville Acquisition Corp. have canceled the Trump Media Group CRO Strategy.
  • All this happens amidst Trump Media reducing its exposure to Bitcoin and facing mounting losses. 



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Best CD rates today, Saturday, August 8, 2026: Best CD account earns 4.15% APY

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Best CD rates today, Saturday, June 20, 2026: Best account provides 4% APY


Find out how much you could earn by locking in a high CD rate today. The Federal Reserve cut its federal funds rate three times in 2025. So far in 2026, the Fed has left interest rates alone, and so now could be your last chance to lock in a competitive CD rate before rates move further. CD rates vary widely across financial institutions, so it’s important to ensure you’re getting the best rate possible when shopping around for a CD.

The following is a breakdown of CD rates today and where to find the best offers.

CD rates today, Saturday, August 8, 2026

Generally, the best CD rates today are offered on shorter terms of around one year or less. Online banks and credit unions, in particular, offer the top CD rates.

Today, Saturday, August 8, 2026, the highest CD rate is 4.15%. This rate is offered by Synchrony Bank on its 14-month CD.

Here is a look at some of the best CD rates available today:

How much interest can I earn with a CD?

The amount of interest you can earn from a CD depends on the annual percentage rate (APY). This is a measure of your total earnings after one year, taking into account the base interest rate and how often interest compounds (CD interest typically compounds daily or monthly).

Say you invest $1,000 in a one-year CD with 1.52% APY, and interest compounds monthly. At the end of that year, your balance would grow to $1,015.20 — your initial $1,000 deposit, plus $15.20 in interest.

Now let’s say you choose a one-year CD that offers 4% APY instead. In this case, your balance would grow to $1,040.74 over the same period, which includes $40.74 in interest.

The more you deposit in a CD, the more you stand to earn. If we used the same example of a one-year CD at 4% APY but deposited $10,000, your total balance when the CD matures would be $10,407.42, meaning you’d earn $407.42 in interest. ​​

Read more: What is a good CD rate?

Types of CDs

When choosing a CD, the interest rate is usually top of mind. However, the rate isn’t the only factor you should consider. There are several types of CDs that offer different benefits, though you may need to accept a slightly lower interest rate in exchange for more flexibility. Here’s a look at some of the common types of CDs you can consider beyond traditional CDs:

  • Bump-up CD: This type of CD allows you to request a higher interest rate if your bank’s rates go up during the account’s term. However, you’re usually allowed to “bump up” your rate just once.

  • No-penalty CD: Also known as a liquid CD, this type of CD allows you to withdraw funds before maturity without penalty.

  • Jumbo CD: These CDs require a higher minimum deposit (usually $100,000 or more), and often offer a higher interest rate in return. In today’s CD rate environment, however, the difference between traditional and jumbo CD rates may not be much.

  • Brokered CD: As the name suggests, these CDs are purchased through a brokerage rather than directly from a bank. Brokered CDs can sometimes offer higher rates or more flexible terms, but they also carry more risk and might not be FDIC-insured.



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CEO of the world’s largest workspace provider says commuting will be extinct by 2040

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CEO of the world's largest workspace provider says commuting will be extinct by 2040

Return-to-office mandates are just a blip; Setting your alarm before sunrise and standing shoulder-to-shoulder on a packed train, just to sit at a desk for eight hours, is going to be a relic of the past. And it’s going to be extinct much sooner than you probably expect. 

According to Mark Dixon, CEO of IWG, the world’s largest workspace provider, commuting could be extinct within the next 15 years. Gen Alpha will be so used to pulling out their phones and clocking into work from anywhere convenient, that they’ll find the very idea of commuting into an office as ancient as riding a horse to work, or writing by candlelight before electricity existed.

“In the future, you’re going to explain to your kids that you used to commute,” Dixon explained to Fortune, while adding they’ll think it’s “mad stuff” that bosses once asked their workers to “travel 100 miles to sit down and use a computer.” 

“They’ll say, why did you do that? Because they won’t understand that people traveled long distances to use a piece of equipment somewhere else. It’s going to change a lot—the workplace of the future is everywhere. And it’ll be very productive,” he added.

“It’ll be just normal to go on your phone, and say where’s the nearest place to work and you go there and work.” 

The CEO added that most while-collar work is already online and “in the cloud,” so the very idea that your workspace is physical is outdated. And the kids agree. 

Research from IWG and global engineering consultancy Arup has revealed that long daily commutes could be extinct by 2040. 

Currently, the average New Yorker spends around 53 minutes on the train to get to the office, with Londoners experiencing a similar trek. But looking ahead, just a quarter of Gen Alpha say they’ll spend more than 30 minutes traveling to work. The majority think even that’s too long, and expect to have the flexibility to work closer to where they live—if not, at home. 

A staggering 80% of Gen Alpha, the oldest of whom are 16 years old, believe flexible working will be the norm by 2040.

As boomer and Gen X bosses retire, working from home will make a major comeback

Dixon’s not the first to suggest that the pandemic era of working from home is expected to make a roaring comeback in the next decade or two. 

A study from the National Bureau of Economic Research found that Gen Z and millennial bosses are far more likely to let staff work remotely than their older counterparts.

The data, which analysed 8,000 U.S. workers, showed a clear pattern: as CEOs get younger, the number of days they demand their staff work from an office decreases—with those working for a 20-something-year-old chief clocking in from home the most. 

And it’s only a matter of time before they take over and bring their affinity for flexibility with them. The researchers concluded that as older leaders retire, the days of commuting five days a week are likely to fade with them.

Bosses clinging to the office aren’t just outdated—they’re not serious about AI

Interestingly, the National Bureau of Economic Research also found that leaders who embrace remote work are also more likely to adopt new technologies and software-driven approaches to running their teams.

Dixon similarly pointed out that firms that prioritize physical presence over remote, AI-driven work will fall behind.

“Forget about where people are working. Most companies will go by the wayside if they don’t embrace AI,” he told Fortune. “If you look at winners and losers, the winners are the ones that embrace technology—the whole of the technology, which is flexible work, flexible location, and using technology to get more out of your people.”

Brian O’Kelley, the tech founder who sold AppNexus to AT&T for $1.6 billion in 2018 before founding Scope3, echoed that leaders who cling to the old ways of working aren’t serious about embracing AI.

After all, remote firms like his have the top pick of top global talent and can operate around the clock.

“The best companies are going to actually dump their offices to learn to work with non-bodied employees,” O’Kelley told Fortune. “Anybody who has a back-to-office culture is actually hurting themselves.”



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BTC news: Bitcoin’s exploit week worsens as BTCPay flaw drains Lightning nodes

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BTC news: Bitcoin’s exploit week worsens as BTCPay flaw drains Lightning nodes

Citadel21, the bitcoin publication run by pseudonymous commentator hodlonaut, also reported that its Lightning node had been swept, though it said little money was held there.

The vulnerability had already been reported to BTCPay by members of the Bitcoin Red Team — a group of developers that began pointing AI models at bitcoin codebases this week and has filed thousands of findings across hundreds of projects since.

Read More: Bitcoin developers flag 85 critical bugs in an “extremely bad” situation.

BTCPay credited Red Team members Craig Raw, Rob Hamilton, Calle and Evan Kaloudis with responsibly disclosing the issue and helping analyze it.

The group’s stated reason for publishing findings quickly was that people outside it would arrive at the same bugs, and by the time BTCPay’s public warning went out, attackers were already exploiting this one against live servers.

Meanwhile, BTCPay narrowed the scope after its initial alert, saying its standard on-chain wallets, including hot wallets generated inside BTCPay, are not affected by the credential flaw.

The exposure applies specifically to deployments using LND, and funds held inside LND’s own on-chain wallet can still be at risk because they sit under the compromised Lightning node.

BTCPay has not yet published technical details of the vulnerability, saying operators need time to patch. A full postmortem is due in the coming days.



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Gold prices today, Friday, August 7, 2026: Gold prices continue to rise even after July jobs report misses

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Gold prices today, Friday, July 10, 2026: Gold finally opens higher this morning


Gold (GC=F) December futures opened at $4,298.30 per troy ounce on Friday, August 7, 2026, flat compared to Thursday’s closing price. The gold price moved higher this morning to $4,411.70 at 8:45 a.m. ET.

Gold continues to rally this morning even after a disappointing July jobs report. The Bureau of Labor Statistics reported 23,000 jobs were lost in July, a true miss from the 80,000 new jobs economists had expected last month. A strong jobs report would have reduced the likelihood of a Fed rate increase next month.

On the other side of the coin, a lack of meaningful progress towards permanent peace in the Middle East continues to affect energy costs, keeping inflation concerns front and center for the Fed as they prepare for their September meeting.

It’s unclear which one of these market forces will ultimately control the direction of gold prices, but for now, the precious metal has been rising to levels last seen in mid-June.

Read more: Gold’s rally ‘has support’, with prices set to rise toward $5,000 next year, UBS says

Current price of gold

The opening price of August gold futures on Friday, August 7, 2026, was flat compared to Thursday’s opening price. Here’s a look at how the gold price has changed versus last week, month, and year:  

  • One week ago: +4.8%

  • One month ago: +4.2%

  • One year ago: +27%

On Jan. 29, gold’s one-year gain was 95.6%.

24/7 gold price tracking: Don’t forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week. 

Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.

How much gold should you own?

A gold investment can add stability and inflation protection to your portfolio. But it can also dilute your gains when stock prices are rising quickly. Finding the right balance between gold’s diversification benefits and profiting from growth potential in other assets can be challenging. 

Even the experts are divided on how to achieve the correct balance. Below, five experts explain their recommended gold allocations, which range from 0% to 20%. 

Learn more: How to invest in gold in 4 steps

No gold: Trade-off is too high 

Robert R. Johnson, professor at Creighton University’s Heider College of Business, does not advocate gold investing. In his words, “while having a small position in precious metals may dampen portfolio volatility in the short-run, the tradeoff between slightly dampened volatility and the lost long-term return is certainly not a prudent one, particularly for Gen Z/millennials with long investing time horizons.”

2% to 5% allocation, depending on the situation 

Brett Elliott, director of content and SEO at American Precious Metals Exchange (APMEX), recommends setting an allocation that aligns with your investing goals. 

Growth-oriented investors may be comfortable with an allocation of 10% or 15%, according to Elliott. But income investors will prefer a smaller position, because gold provides no yield. A 2% to 5% gold allocation can provide some resiliency without an excessive drag on income potential. 

Learn more: Who decides what gold is worth? How gold prices are determined.

5% to 8% gold allocation 

Blake McLaughlin, executive vice president at Axcap Ventures, said historical data support a gold allocation of 5% to 8%. “Gold may not offer the outsized return potential of private investments, but the metal holds a set of attributes that are increasingly hard to ignore,” according to McLaughlin. Those attributes include the metal’s resilience amid economic uncertainty and geopolitical unrest. 

5% to 15% gold allocation 

Thomas Winmill, portfolio manager at Midas Funds, believes most investors will benefit from a long-term gold allocation of 5% to 15%. Winmill specifically advocates investing in gold mining companies through a mutual fund. 

Your risk tolerance and current mix of financial versus hard assets can guide you to an appropriate allocation, according to Winmill. 

  1. Risk tolerance: Keep your allocation percentage low if you tend to panic in volatile cycles.  

  2. Financial vs. hard assets: Financial assets are stocks and bonds. Hard assets include tangible items like real estate, gold, collectibles, classic cars, and equipment. If you have no home equity and your wealth is primarily in financial assets, you can set your gold allocation higher. Or, if your home is paid for and more valuable than your stock portfolio, gold investing may not be necessary.  

Learn more: Thinking of buying gold? Here’s what investors should watch for.

20% gold allocation

Vince Stanzione, CEO and founder at First Information, recommends a 20% gold allocation, specifically in physical gold or a gold ETF. Stanzione argues for a higher exposure to gold as a wealth protection strategy. As he says, “gold keeps with inflation and gold retains its purchasing power,” while paper currencies are devaluing around the world.   

Learn more: Gold IRA: Benefits, risks, and how it differs from a traditional IRA

Price of gold chart

Whether you’re tracking the price of gold since last month or last year, the price-of-gold chart below shows the precious metal’s change in value so far this year. 



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Hyperliquid burns $1.28M HYPE as price corrects – Is $60 next?

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Hyperliquid burns $1.28M HYPE as price corrects – Is $60 next?


Hyperliquid’s [HYPE] deflationary model is gathering pace despite HYPE extending its two-day correction.

According to the recent reports, the protocol burned $1.28 million worth of HYPE over the past 24 hours after generating $1.65 million in fees.

Lifetime token burns have now reached 47.53 million HYPE, equivalent to $2.68 billion, highlighting stronger long-term holding and fewer tokens changing hands.

The combination points to a steadily tightening supply backdrop , which could in turn translate into bullish signals in the long run.

Has the burn rate affected the network supply?

The impact on the burned tokens is already visible on the market.  According to the recent data, Hyperliquid’s circulating turnover has fallen to a weekly average of 2.9%.

The latest burn is turning out to be revenue-driven, meaning higher protocol activity continues removing HYPE from circulation.

At the same time, the sharp decline in circulating turnover suggests holders are keeping their positions instead of rotating supply back into the market.

HYPE Circulating Turnover
Source: Token Terminal

Reduced token availability has historically supported bullish trends when demand remains stable. The same turn of events could be developing for HYPE. Moreover, given that the derivatives and supply metrics remain supportive despite the recent price weakness.

On contrary, the token trading volume have flattened at around $230 million after a week of steady gains. This could be the result of many traders playing averse as they wait for a potential rejection at around $54 before they chip in to join the trend.

HYPE trading volumeHYPE trading volume
Source: Santiment

Can bulls reverse the correction?

On the daily chart, the token’s bollinger bands have widened indicating the current increased market volatility. 

However, the token is still trading below the key 20 SMA and its Stochastic RSI is currently at an overbought region at $86.21, increasing the likelihood of further short-term bearish run. 

Since retesting the 20 SMA at around $56.65 yesterday, the token has recorded consecutive days of bearish run. 

HYPE price analysisHYPE price analysis
Source: TradingView

However, with the overall long-term structure still leaning bullish and the token supply reducing, the token could be on a short correction to clear the liquidity cluster worth over $1.53 million at $54.22 before resuming its long-term bullish structure.

Notably, the price level lies within the market gap between $52 and $55 on the daily chart, a zone that the token price action is likely to retest to collect unfilled orders before resuming it long-term bullish trend.

If HYPE bulls defend the demand zone, a continuation of the bullish rally back to $60 will be more than likely to materialize.

HYPE Liquidation Heat MapsHYPE Liquidation Heat Maps
Source: CoinGlass



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