In partnership with
Elon's Building Something in Tesla's Secret Labs.
Something is being built inside Tesla's facilities that almost no one is talking about — yet.
According to insider sources, Elon Musk has quietly developed a breakthrough product he claims will be "10x bigger than the largest product in history." The target launch date is July 22. And when it drops, the window to position quietly will already be closing.
Most investors will hear about this after the stock has moved. You don't have to be one of them. Our analyst named 3 stocks positioned to ride the launch — with entry guidance, price targets, a bonus 4th supply-chain pick, and a 3-phase playbook for when to buy, add, and take profits.
Kaupr Daily — Thursday 6 August, 2026
Mastercard now owns the rails it used to rent, and Circle's numbers show what running them actually earns. Further down, two Nordic stories worth the scroll — and a Norwegian debate on Monday about bitcoin, Iran and sanctions.
💎 Mastercard closes its largest digital asset deal to date
💎 Circle's volumes grew 151%. Its revenue did not follow
💎 Bitcoin Suisse picks the Nordics as its first European market
💎 K33 takes operational control of its Canadian bitcoin holding
💎 Two days left for the CLARITY Act, and then 2027
— Morten
🔷 Onchain Build — seven pieces on the Stockholm blockathon
What builders will be asked to solve, who the partners are, and how to take part in September. New pieces go up as more is announced.
The rails get bought, the economics get tested
Mastercard closes its largest digital asset deal
Mastercard has completed its acquisition of BVNK, reported at up to $1.8 billion and its largest digital asset purchase to date. BVNK supplies the APIs businesses use to send, convert and settle payments across fiat and stablecoins without replacing their existing banking infrastructure. Mastercard bought a platform already in use rather than building one.
Why it matters: Visa has expanded settlement and invested alongside partners. Mastercard has chosen to own the infrastructure outright, and the two approaches will now be compared directly.
Source: Mastercard Completes Its Biggest Stablecoin Bet Yet With BVNK Acquisition — Blockster
Circle's volumes grew, its revenue did not
Circle reported $701 million in revenue and reserve income for the second quarter, up 7% but below Wall Street estimates, while onchain USDC transaction volume rose 151% to $14.8 trillion. USDC in circulation reached $73.3 billion, up 19% on the year but down from $77 billion at the end of March. The Arc mainnet opens on 16 September.
Why it matters: Usage and revenue have stopped moving together. When income comes from interest on reserves, a falling rate environment decides the top line more than adoption does.
Source: Circle shares fall 3% despite earnings beat as stablecoin issuer misses on revenue — CoinDesk
Now the scorekeepers arrive
S&P says six of eleven stablecoins can hold their peg
S&P Global Ratings has published a summary of its Stablecoin Stability Assessments, finding six of the eleven stablecoins it covers have an adequate or stronger ability to hold their peg to a fiat currency. Two assessments were revised lower over the past three quarters and nine were unchanged. Tether's USDt remains at 5, the weakest level on the scale.
Why it matters: Peg quality has largely been argued over by the issuers themselves and the auditors they pay. An outside agency applying one scale across the market changes who gets to say what is safe.
Source: S&P Global Ratings: More than half of Stablecoin Stability Assessments are adequate or above — S&P Global Ratings
🎬 Watch — BCG puts a number on what waiting costs a bank
Christian Schmid, who leads BCG's global banking business and wrote the firm's largest digital assets report, estimates 30% of bank profit is at risk by 2035. He argues the contest is not stablecoins against deposits but over who owns the screen the customer taps. He has advised bank chief executives for 27 years.
Why it matters: Waiting is usually treated as the cautious option. Framed as a cost with a number attached, it becomes a decision that has to be defended.
Source: "Waiting isn't a strategy", with Christian Schmid, Global Banking Lead, BCG — 51insights
Two days left, and then 2027
The CLARITY Act runs out of calendar
Senator Cynthia Lummis says the Senate is unlikely to finish by Friday and will probably work through the weekend, with the bill competing for floor time against a continuing resolution, a reconciliation package, a name-image-and-likeness bill and Russia sanctions. Galaxy Research puts the odds of enactment this year at 30%, Polymarket around 31%. Missing the window pushes comprehensive market-structure legislation to 2027 at the earliest.
Why it matters: The obstacle has never been industry support, which is close to unanimous. It is floor time, and floor time is the one thing lobbying cannot buy.
Source: CLARITY Act News: What's Really Blocking a Vote Before August Recess — Coinpedia
The Nordics as destination and as base
Bitcoin Suisse names the Nordics as its first European market
Six weeks after securing a MiCA licence from Liechtenstein, Bitcoin Suisse has appointed Ammy Edberg as general manager for Sweden and the Nordics and Kristoffer Nystrom as general manager for the Nordics, announced hours apart. Edberg is among the more visible voices in Swedish crypto and points to family offices and wealth managers asking steadily more serious questions about bitcoin. The Swiss operation manages more than three billion francs and sets a minimum deposit of 50,000 francs.
Why it matters: Filling two management roles in parallel reads as a structured market entry rather than opportunistic hiring. What products come first, and which countries, is still unsaid.
Source: Swiss Bitcoin Suisse staffs up in the Nordics after MiCA licence — Kaupr
K33 takes operational control of its Canadian holding
K33 has taken over executive management of Sixty Six Capital under an agreement effective from 1 April, adding day-to-day control to the 46.27% stake it acquired in March. K33 held 168 bitcoin on its own balance sheet at the end of March and Sixty Six 149 at the time of the acquisition. The annual fee is 200,000 Canadian dollars.
Why it matters: A shareholding gives influence through the board; a management agreement makes it practical to run two balance sheets as one apparatus. K33 has not linked the agreement to the bitcoin holdings itself.
Source: K33 takes over management of Canadian bitcoin firm Sixty Six — Kaupr
Two bitcoin debates in Arendal on Monday
Bitcoinpolitisk institutt Norge is holding two open debates at Arendalsuka on Monday 10 August at SpareBank 1 Sør-Norge, Torvet 10. Both are free, both are in Norwegian, and both will be streamed with recordings published afterwards.
Is bitcoin the winner of the war on Iran? (14:00–15:00) starts from Tehran signalling that tankers may be charged tolls payable in bitcoin, apparently to work around US sanctions, and asks what it does to bitcoin's standing if a theocracy is the one giving it momentum. With MP Mahmoud Farahmand (tbc), author Gunnar Garfors, K33 head of research Vetle Lunde and Iver B. Neumann of the Fridtjof Nansen Institute.
Money in Palestine (15:00–16:00) asks whether bitcoin is a real monetary alternative in Gaza and the West Bank, where the Paris Protocol makes the shekel legal tender and bitcoin is neither banned nor approved. With Cecilie Hellestveit of NTNU and Rami Samandar of the Palestine Committee of Norway.
Both are moderated by BPI secretary general Morten Søberg.
Read more: Møt BPI under Arendalsuka — Bitcoinpolitisk Institutt Norge
Explore Kaupr Today
Not a subscriber yet, or want to fine-tune what you receive?
Kaupr Daily — Short, high-signal updates on markets, regulation, tokenization and stablecoins, every weekday.
Kaupr Digest — A weekly step back at the pattern behind the week's news, plus the latest Kaupr Weekly episode.
Already a subscriber? Log in and open the preference centre to manage your subscriptions.
Kaupr Today also has its own home — read, listen, watch and explore at today.kaupr.io.
Thank you for reading our newsletters!
Wishing you a good Thursday — and welcome back tomorrow morning for the next edition of Kaupr Daily.
Best regards Morten Myrstad Founder & Editor