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The crypto market is holding in a tight range as total market cap sits around $2.2 Trillion. Traders are standing by ahead of today's key US CPI inflation report! Key updates:

Here’s what we got for you today:

Everyone’s hunting for the next Unicorn.

The type of “category disruptor” that grows fast and turns early believers into big winners.

59,000+ investors think that Mode Mobile could be one of those rare finds.

Americans spend 4 ½ hours on their phones daily, and Mode Mobile is monetizing that screentime. With $1B+ earned by over 490M customers and 32,481% revenue growth, Mode’s EarnPhone is turning smartphones into income generating assets.

Their previous raises sold out, and the company is now offering pre-IPO shares at $0.52/share with up to 20% bonus, exclusive to early investors.

Being early is everything, and this window is still open.

>> Review the offer before it closes

^{*Please read the offering circular and related risks at invest.modemobile.com.}

^{Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.}

^{The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.}

If you don’t have a clear roadmap, you’ll get stuck, waste money, or even worse, fail before you start. That’s why we're going over the entire game plan, step by step, so you know exactly what we’re doing.

Now, we’ll break down each step in the following parts. Just focus on understanding the big picture for now. By the end of this lesson, you’ll know every key step in launching a token 👇

An attacker just drained nearly 200,000 XRP from the Coreum bridge in just 97 minutes. The exploit triggered widespread concern and sent $XRP ( ▲ 1.1% )’s price dipping below $1 for the first time in nearly 2 years. But… the XRP Ledger itself was never hacked?

1/ Inside The Attack: 97 Minutes, 94 Transactions

Cross-chain bridges let you lock real XRP on the XRP Ledger (XRPL) to mint wrapped tokens on another chain, like Coreum, so you can use them in DeFi. On August 9, the bridge account held about 200,410 XRP. How the attacker cleaned it out:

2/ What Actually Caused the Exploit? (Hint: It Wasn't XRPL)

Initial rumors claimed the hack was caused by multi-sig key leaks or XRPL features like "rippling." That was all false info. Original native XRP doesn't even have trust lines or issuers to ripple.

The real culprit was a silly code bug in the relayer software. The bridge's relayer software watched XRPL for incoming transactions. However, it never verified if the receiving address was actually the bridge wallet itself.

The attacker simply transferred XRP between 2 wallets they owned and tagged the memo field. The bridge relayer saw the memo, assumed it was a real deposit to the bridge, and credited the attacker with free tokens on Coreum!

17 out of 28 relayer keys signed off on every withdrawal automatically. The security process followed the rules, it was just working with completely fake deposit data.

3/ Why the XRP Ledger Remains 100% Safe

It is super important to distinguish bridge bugs from blockchain bugs. No private keys were stolen, and the core XRP Ledger protocol, consensus, and security performed perfectly.

Coreum immediately halted the bridge to plug the code hole. The fix requires adding a simple line of code to verify that incoming payments actually land in the bridge address before issuing credit.

An official incident report is still being finalized to outline compensation plans for affected users.

With the U.S. Senate heading into its August recess without passing the CLARITY Act, the SEC just scheduled a high-stakes open meeting for Friday, August 14.

→ The topic? A landmark proposal called "Regulation Crypto", the agency's first custom-built framework for digital asset offerings under SEC Chair Paul Atkins.

1/ What is the SEC Planning?

The SEC's Division of Corporation Finance is putting a brand-new proposal up for a vote among its commissioners.

Instead of forcing every token team through standard, expensive securities registration, the proposal creates a dedicated legal path. Qualifying crypto projects could raise funds under a custom exemption.

Part of Chair Atkins’ broader "Project Crypto" agenda, this plan aims to create safe harbor zones for projects trying to fully decentralize, clear token sale exemptions, and set clear custody standards for crypto brokers.

→ The goal is to replace staff guidance with a permanent, legal rulebook designed specifically for investment contracts involving crypto assets.

2/ Why Congress Stalled: The CLARITY Act Gridlock

The CLARITY Act was designed to draw a clean line between SEC and CFTC jurisdiction over digital assets. However, the bill ran into major political walls before the Senate broke for recess:

3/ The Regulators Take the Wheel

CFTC Chairman Michael Selig echoed the same sentiment in July, warning that regulators will write their own rules if Congress keeps delaying.

Back in March 2026, the SEC and CFTC released joint guidance that classified most non-security tokens outside standard securities laws and exempted activities like staking, mining, and airdrops.

Chair Atkins publicly acknowledged on CNBC that agency-created rules are only a temporary fix. Unlike a law passed by Congress, regulations created by agency votes can easily be changed or flipped if a new administration takes power in the future.

🧠 Is This A Temporary Bridge to Clarity?

Paul Atkins is delivering on his promise to move away from "regulation by enforcement" and give the U.S. crypto industry a clear, onshore framework.

Keep a close eye on the SEC livestream this Friday, August 14, the details of this exemption rule will show us exactly how far the SEC is willing to go to foster crypto innovation in America!

OpenGradient publicly accused BitMart of insolvency as user and market-maker funds remain trapped. Everyone is panic. Read more

Strategy CEO Phong Le confirmed the company will soon resume buying BTC. Its YTD purchases still dwarf recent sales by 25x. Read more

Tether is officially ending its gold-backed Alloy (aUSD₮) stablecoin project, giving users only 37 days left to redeem assets. Read more

$USDT ( 0.0% ) supply just plummeted by a massive $4 billion in 60 days as traders cash out to fiat ($870 million in 11 days). Read more

BlackRock slashed its Bitcoin ETF conversion minimum from $25M to $1M → swap BTC directly for IBIT without selling first. Read more

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⚠ This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.