
FSB raids 9 crypto exchanges in Moscow	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

August 7, 2026

Your Daily Digest of the 🔥Hottest News in Crypto.

Today’s top stories

🏦 Senate delays CLARITY Act vote until September
💰 Moscow crypto money laundering tied to call centers
💸 Second Circuit backs $11 billion forfeiture in SBF case
📰 Keep reading for all of today’s biggest headlines

US Senate pushes CLARITY Act vote to September

The US Senate will not vote on the CLARITY Act before its August recess, with Majority Leader John Thune confirming the chamber is delaying consideration until at least September due to Democratic opposition. The postponement leaves a top crypto-industry priority unresolved and compresses the timetable for passing the bill, which would need 60 votes to overcome a filibuster. Crypto Council for Innovation CEO Ji Hun Kim called the delay "disappointing," warning that inaction pushes American users and builders offshore.

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Russia cracks down on 9 crypto exchanges in Moscow City

Russia’s FSB has raided nine unregistered crypto exchanges in Moscow’s Moscow City business center, detaining over 20 employees over alleged money laundering tied to phone scams. Authorities claim the exchanges converted stolen cash into cryptocurrency and funneled it to Ukrainian-linked handlers. A criminal investigation into large-scale fraud has been launched, with penalties of up to 10 years in prison.

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US appellate court mandate affirms Sam Bankman-Fried conviction

The U.S. Court of Appeals for the Second Circuit has formally upheld Sam Bankman-Fried’s conviction and 25-year prison sentence, rejecting the former FTX CEO’s claims that investors would have been made whole. The court also affirmed the $11 billion forfeiture order, ruling that defrauding customers occurred the moment he transferred their funds to Alameda, regardless of intent to repay later. With this mandate now official, Bankman-Fried has few remaining legal options, though a Supreme Court appeal remains possible; a presidential pardon appears unlikely after Donald Trump said he had no plans to issue one and the Senate unanimously opposed clemency.

Binance Bitcoin volume ratio hits record as futures outweigh spot eight times over

Binance saw a record gap between Bitcoin futures and spot trading volume this week, with futures hitting $57.82 billion versus just $6.08 billion in spot markets. That put the futures-to-spot ratio at 7.82, meaning derivatives activity outweighed cash trading nearly eight times over. Analysts attributed the shift to traders favoring leverage, risk management, and short-term strategies, with Bitcoin trading near $64,000.

The record comes amid weakening investor demand, especially from retail traders who have shifted toward AI stocks. Spot activity has declined consistently since June, while futures demand remains positive but well below levels seen three months ago. With Bitcoin stuck in a narrow range above $60,000, options traders are pricing in continued rangebound conditions for August—but expect a downside resolution in September, following familiar bear-market patterns.