July 31, 2025
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Asia Morning Briefing: MSFT, Meta Soar on Strong AI Earnings, But Crypto AI Tokens Fail to Follow Trump’s Top Crypto Guys: U.S. DeFi Will Thrive, Assures Bitcoin Reserve Is Coming Trump White House releases long-promised crypto report Crypto Bulls Get Hit With $200M in Liquidations as Powell Rattles Market With Fed Warning Samourai Wallet Devs Plead Guilty to Conspiring to Run Unlicensed Money Transmitter Robinhood Q2 Earnings Beat Expectations as Crypto Volumes Climb and Bitstamp Deal Pays Off Jury Set to Begin Deliberations as Roman Storm’s Money Laundering Trial Draws to Close Bitcoin Tumbles Below $116K as Jerome Powell Delivers Hawkish Remarks Fed Holds Rates Steady as Expected, but Two Dissent From Decision Trump’s crypto working group pushes for clearer rules as adoption grows

The Protocol: Bitcoin NFT Debacle, Vitalik’s 30th, Farcaster Frames, ‘Private Mempools’

In this week’s issue of The Protocol newsletter, our Sam Kessler writes about the “private mempools” that Ethereum users are increasingly relying on to avoid front-running MEV bots. PLUS: Margaux Nijkerk explores the growing use of “councils” to oversee adolescent networks.

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