In partnership with
Thinking about hiring globally? Start with an EOR.
The best person for your next role might not live near your office—or even in the same country.
More companies are realizing they don't need to open entities everywhere just to access global talent. Instead, they're using EOR to hire internationally faster, stay compliant, and avoid building local infrastructure before they're ready.
Oyster's EOR helps companies hire, pay, and support employees in 180+ countries while Oyster handles payroll, compliance, taxes, and local employment requirements.
Kaupr Daily — Monday 10 August, 2026
Bitcoin came through a fortnight of bad news roughly where it started, and the money that moved during it went to the biggest managers. Meanwhile Washington left town without voting, Europe kept building inside rules it already has, and a bitcoin fork lasted an afternoon.
💎 ETF inflows hit their strongest week since April — and 81 cents of every dollar went to one fund
💎 Larger wallets bought through the Coldcard week while smaller ones sold
💎 Grayscale sets out what happens to crypto if the CLARITY Act never arrives
💎 Safello is the only MiCA-licensed exchange in Sweden, and revenue fell a third
💎 Bitcoin's anti-spam fork lasted two blocks
— Morten
🎧 Kaupr Weekly is back — The Internet of Money Is Here
Our short weekend audio commentary, around ten minutes, hosted and written by Morten Myrstad. The first episode since the summer opens with an admission, and works through what changed.
KAUPR WEEKLY
The Internet of Money Is Here
Also on Spotify · Apple Podcasts
If you missed Sunday's Kaupr Digest, it steps back on the week behind us.
Bitcoin held its ground through a week that gave it every reason not to
If you are just back from a break: bitcoin closed July up 7.3%, but inside a defined band, trading between $57,750 and $66,553 through the month. That range is the context for everything below — and it has narrowed since, not widened.
ETF inflows hit their strongest week since April
US spot bitcoin ETFs took in $853.5 million in the week to 7 August, the largest weekly total since mid-April. BlackRock's IBIT took 81 cents of every dollar that entered the category. The funds remain around $4.5 billion down for the year.
Why it matters: Money returning to the funds is one thing; nearly all of it going to one issuer is another. Concentration at that level makes a single manager's decisions a market factor in their own right.
Source: Bitcoin investors pour $853 million into spot ETFs, BlackRock's IBIT claims the bulk — CoinDesk
Larger wallets bought while smaller ones sold
Wallets holding between 10 and 10,000 bitcoin have added more than $1.2 billion since 29 July, almost all of it inside a narrow band below $65,000, according to the analytics firm Santiment. It ties the divergence directly to the Coldcard exploit, which began the day before and pushed smaller holders to reduce exposure.
Why it matters: A security failure that frightens retail while large holders accumulate is a transfer, not a loss. Who ends up owning the supply afterwards is the part that lasts.
Source: Bitcoin whales load up on $1.2 billion in BTC as ETFs attract $750 million — CoinDesk
The longest capitulation reading since FTX
The onchain analytics firm Glassnode says 45 bitcoin price metrics have sat in capitulation territory longer than at any point since the FTX collapse in late 2022. Bitcoin traded between $64,500 and $64,900 on Sunday, inside a band that has kept narrowing since June rather than widening.
Why it matters: Inflows and prices have stopped moving together. Either the buying is too small to matter against what is being sold, or it is arriving somewhere the spot market does not register.
Source: Bitcoin at $64K faces late-stage bear signals, $66,800 test — FXStreet
Washington's plan B was always the agencies
The delay may have saved the bill
CoinDesk's read on the Senate leaving without even a procedural vote is that the vote would probably have failed. The GENIUS Act also fell short before it eventually passed, so a lost cloture motion need not be fatal — but losing one three months before an election, with lawmakers then away for a month, would have been.
Why it matters: A delay looks like a defeat and a failed vote looks like a fight. Which of the two a bill survives depends less on the optics than on the calendar behind them.
Source: Is Clarity's delay a blessing in disguise?: State of Crypto — CoinDesk
Grayscale sets out what happens if the law never comes
Head of research Zach Pandl argues the industry moves forward regardless, carried by expected rulemaking from the SEC and other regulators, and points to the GENIUS Act as evidence that federal frameworks can arrive piecemeal. His caution is about location rather than pace: without comprehensive market structure legislation, a growing share of new investment and developer activity may settle overseas.
Why it matters: Agencies can write rules but not draw permanent lines between themselves. That boundary is the thing only legislation can fix, and it is the thing still missing.
Source: Can Crypto Advance Without the CLARITY Act? Grayscale Says Yes — Yahoo Finance
The SEC is already drafting
The agency's regulatory agenda includes rules for crypto asset offerings and safe harbours, changes to allow crypto trading on alternative trading systems and national exchanges, and updated custody requirements. The SEC has said its framework will need to account for securities issued onchain.
Why it matters: Rules made by an agency can be unmade by the next one, challenged in court, or rewritten. That is the difference legislation was meant to remove, and it stays in place until September at the earliest.
Europe builds inside rules that already exist
European institutions are funding digital assets ahead of the rest of the world
Fireblocks, which moves digital assets for banks and fintechs, surveyed more than 600 senior executives and found near-unanimous expectation that regulation will support adoption. Continental European firms had committed budget before 2026 at 53%, against a global average of 42%. The UK lags on funding but leads on ambition: half of British institutions plan to issue a stablecoin of their own.
Why it matters: Europe is building within a framework already written; the UK is building while its own is still being drafted. That distinction shapes what firms in each place choose to build first.
Safello is the only licensed exchange in Sweden, and revenue fell a third
The Stockholm-listed broker reported second-quarter revenue down 33% to SEK 87.6 million, with the operating loss more than tripling. Chief executive Frank Schuil argues the company nonetheless holds all the trump cards: every Swedish competitor was denied a MiCA licence and Binance withdrew from Europe, leaving Safello the only licensed crypto exchange in the country. Within the quarter, revenue rose month by month.
Why it matters: A licence nobody else holds is worth something only once the customers come back. The company's own figures and its chief executive's outlook currently point in opposite directions.
Source: Safello down 33% — Schuil: We hold all the trump cards — Kaupr
Two protocol fights, decided very differently
Bitcoin's anti-spam fork lasted two blocks
Supporters of BIP-110, which would have temporarily blocked non-financial data such as Ordinals inscriptions from bitcoin transactions, split off into a minority chain on Saturday. The proposal needed 55% of mining support to activate without a split and had 2.53%. The breakaway chain produced two blocks in about eight hours before stalling, and Coinbase and Kraken both reported no disruption.
Why it matters: Bitcoin has no vote and no committee, so a proposal is settled by whether miners point their machines at it. This one was answered in a single afternoon.
Source: Bitcoin 'Anti-Spam' Fork Sputters to a Halt After Mining Just Two Blocks — Decrypt
World Chain ships an Ethereum upgrade before Ethereum does
On 17 August the Ethereum layer 2 network World Chain becomes the first live network to stream EIP-7928 block access lists inside every block, letting validators verify transactions in parallel while a block is still being built. The aim is far higher throughput without raising hardware requirements for independent validators. It arrives through a software flag rather than a hard fork, while Ethereum's own adoption waits for the Glamsterdam upgrade.
Why it matters: Layer 2s were meant to inherit Ethereum's decisions. Shipping a mainnet proposal first turns one into a place where those decisions get tested.
Explore Kaupr Today
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.
Take either, or both. Discover Kaupr Today if you're new, or manage your preferences if you're already subscribed — it takes ten seconds.
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 Monday — and welcome back tomorrow morning for the next edition of Kaupr Daily.
Best regards Morten Myrstad Founder & Editor