The 5 headlines 🖐️

🖐️ Soft hand: Uniswap, a16z, and allies ask the Senate to include exemptions for DeFi in the market structure bill, promoting technology-neutral regulations and avoiding excessive burdens on the sector.

🤔 Change of heart: A member of CurveDAO, phil_00Llama, proposes to halt the protocol's expansion to new layer 2 networks on Ethereum, suggesting to cut upcoming implementations to focus on current development.

🤦 Not all that glitters: According to analysts at Mizuho, Coinbase's second-quarter results reflect a decline in USDC margins for Circle, indicating increasing pressure on the profitability of this stablecoin.

👌 Doesn't matter: Bernstein believes the second quarter is irrelevant for Coinbase and notes that the 44% increase in activity during July is the real key indicator, despite the 15% drop in the stock price following the earnings release.

🐻 Bearish: Arthur Hayes, co-founder of BitMEX, sold over 13M USD in ETH, ENA, and PEPE, accumulating USDC (80% of his portfolio). He warns about the economic impact of tariffs and predicts BTC at 100K and ETH at 3K.$ETH #BTCReserveStrategy