Cryptocurrency
Audiera’s BEAT token faces $67M supply shock as August unlocks loom
Market anticipation is peaking for a massive influx of liquidity on August 1, as Audiera prepares to release 21.25 million BEAT tokens into circulation. Valued at approximately $67.78 million, this single event represents the largest supply shock of the day, overshadowing scheduled releases for EIGEN and ZETA.
Chinese Court Sentences Sifang Operators Over $428M Gambling Network
Five operators of the Sifang payment platform received prison sentences ranging from three to six years for facilitating a massive gambling operation. The network processed over 2.95 billion yuan, equivalent to $428 million, by leveraging a complex web of USDT wallets, bank cards, and third-party merchant accounts.
Samson Mow Sees Bitcoin Preferred Shares Rebounding Toward Par
Strive’s SATA preferred shares have clawed back 16% from their June lows to trade near $97, fueling optimism from Jan3 CEO Samson Mow that Strategy’s STRC will soon follow suit and return to its $100 par value, signaling a restoration of investor confidence in the Bitcoin-linked financing model.
House Passes Congressional Stock Ban Despite Senate Skepticism
The US House of Representatives narrowly approved the Stop Insider Trading Act on Wednesday, voting 232-198 to curb congressional stock purchases. The legislation, championed by Representative Bryan Steil, now heads to the Senate, where it faces immediate pushback from lawmakers who argue the bill fails to address existing portfolios.
Strategy’s STRC preferred stock gains institutional favor despite price lag
Strategy’s STRC preferred stock has emerged as the primary holding across three major U.S. ETFs, with institutional portfolios absorbing $756 million in assets. Despite this surge in professional interest, the security continues to trade roughly 13% below its $100 target, complicating the company’s plans to leverage the stock for further Bitcoin acquisitions.
Memecoin.Fun secures $3.5M as Robinhood Chain launchpad race heats up
With decentralized exchange volume on the new Robinhood Chain topping $9 billion, Memecoin.Fun has raised $3.5 million to expand its token issuance infrastructure. The funding signals a sharpening battle for dominance among launch platforms vying to capture the network’s speculative trading activity.
Nvidia and Meta push back against U.S. restrictions on open AI models
A coalition of 25 tech giants, including Nvidia, Meta, and Microsoft, is urging U.S. policymakers to reject sweeping controls on open-weight AI models. The group argues that broad restrictions would stifle domestic innovation and weaken American leadership just as Chinese competitors begin to challenge U.S. dominance in the field.
India Demands GitHub Remove Jack Dorsey’s Bitchat Code
Indian authorities have issued a three-hour ultimatum to GitHub to purge three repositories hosting the Bitchat messaging app, citing national security risks. The order, delivered by the Indian Cyber Crime Coordination Centre, targets the decentralized tool as protests intensify in New Delhi and mobile network restrictions remain in effect.
Coinbase reshuffles executive ranks amid strategic pivot
Coinbase is overhauling its leadership team, replacing four senior executives in the wake of a 14% workforce reduction. The exchange is aggressively repositioning itself as a multi-asset platform, moving beyond pure crypto to integrate stocks, derivatives, and prediction markets as core revenue drivers for the company.
LMAX Eyes $5 Billion Valuation in Strategic Review
Institutional trading firm LMAX Group has tapped Morgan Stanley and KBW to explore a potential sale or public listing. The process, which could value the London-based company at up to $5 billion, comes as the firm positions itself to capitalize on growing interest from traditional financial institutions in digital asset markets.
DEXE Plummets 96% as On-Chain Flows Trigger Market Speculation
DEXE has shed 96.8% of its value in just 11 days, cratering from a record high of $49.43 to $1.56. The abrupt collapse has drawn intense scrutiny toward Ceffu, following the transfer of nearly 800,000 tokens to Binance and persistent questions regarding potential links to DWF Labs.
Police Union Backs CLARITY Act After Crypto Enforcement Assurances
The National Fraternal Order of Police has reversed its stance, officially endorsing the Digital Asset Market Clarity Act. The union, representing over 382,000 members, confirmed its support after receiving assurances that the legislation preserves the investigative powers of law enforcement agencies to pursue illicit financial activity involving digital assets.
Bitcoin Accumulation Stalls Under Macroeconomic Pressure
A 12% quarterly market contraction has left crypto investors in a holding pattern, as early signs of Bitcoin accumulation collide with hawkish Federal Reserve policy and waning ETF demand. Coinbase Institutional and Glassnode remain neutral for Q3, warning that liquidity constraints currently outweigh the signals of a market bottom.
Senate stalls CLARITY Act as election-year politics overshadow crypto bill
Senate Majority Leader John Thune has effectively shelved the CLARITY Act until after the August recess, effectively killing the bill’s chances of a swift summer passage. With the legislative calendar narrowing, market confidence has cratered, leaving crypto industry proponents facing a difficult path through the post-election session.
World Foundation Secures $52.5M to Scale World ID Identity Network
The World Foundation has raised $52.5 million through a strategic sale of WLD tokens, marking another significant capital injection to accelerate the expansion of its proof-of-human identity network. All tokens purchased in this round are subject to a one-year lockup period as the project shifts toward enterprise-scale adoption.
Odos Protocol Shuts Down DEX Aggregator Operations
The operating company behind the Odos Protocol has announced a permanent closure of its decentralized exchange aggregator, mandating that all users withdraw their assets by July 30. While the firm is winding down, it confirmed that the Odos DAO will continue to function independently alongside the existing onchain token.
EU Targets Justin Sun-Linked HTX Over Russian Sanctions Evasion
The European Union has placed the crypto exchange HTX on its latest sanctions list, citing evidence that the platform facilitates financial bypasses for Russian users. While the move stops short of an asset freeze, it subjects the exchange to stringent transaction controls alongside 17 other targeted digital asset firms.
Thai SEC Files Criminal Complaint Against Bitkub Over 2021 Hack Reports
Thailand’s Securities and Exchange Commission has launched a criminal complaint against Bitkub Online and two former directors, alleging the exchange filed misleading regulatory reports following a 2021 cyberattack. The regulator claims the firm obscured the loss of 1.7 billion baht in digital assets to maintain an appearance of financial stability.
Bitfinex Finalizes Regulatory Footprint in El Salvador
Bitfinex has secured a Digital Asset Service Provider licence in El Salvador, finalizing a comprehensive regulatory framework that covers spot trading, crypto derivatives, and tokenized securities. This milestone solidifies the country’s role as the exchange’s primary hub for its Latin American capital markets strategy.
Brazil Taps Tokenized Livestock to Secure Rural Credit
Ten dairy cows, each carrying a unique digital identity, have become the collateral for a 100,000 Brazilian real loan. This transaction, registered on the B3 exchange, marks a shift in agricultural finance by using real-time behavioral data from smart collars to secure credit notes instead of traditional physical inspections.
Upbit Clears Taiko for Trading After Bridge Exploit Review
The South Korean exchange Upbit lifted its trading warning on Taiko (TAIKO) on July 24, concluding a 32-day review process sparked by a June security breach. The decision allows for the restoration of deposit services across the TAIKO/KRW, TAIKO/BTC, and TAIKO/USDT markets as network operations stabilize.
Samsung Wallet Moves Into Stablecoins to Expand Digital Asset Ecosystem
Samsung Electronics is transforming its mobile wallet into a hub for blockchain-based value transfers, announcing plans to integrate stablecoin support directly into its platform. While the company confirmed the strategic shift during its Galaxy Unpacked event, it has yet to finalize the technical roadmap or specific asset partnerships.
BPI Pilots Stablecoin Rails for Faster Cross-Border Payments
The Bank of the Philippine Islands is testing a stablecoin-based settlement system to streamline international remittances for freelancers and remote workers. By leveraging blockchain rails for backend clearing, the Ayala-led lender aims to slash transfer times and costs while depositing final funds directly into customer accounts as Philippine pesos.
HashKey Cloud and BitGo Partner to Simplify Institutional Staking
Institutional investors can now access proof-of-stake networks without forfeiting asset custody under a new partnership between HashKey Cloud and BitGo. By integrating validator infrastructure directly with BitGo’s security framework, the firms aim to eliminate the need for clients to move assets into external wallets to earn network rewards.
EU Blocks Belarusians From Managing MiCA-Regulated Crypto Firms
Starting August 25, Belarusian nationals and residents will be prohibited from owning, controlling, or holding governance positions within crypto-asset service providers regulated by the European Union. This expansion of existing sanctions targets the full spectrum of services defined under the bloc’s Markets in Crypto-Assets (MiCA) framework.
Mirae Asset Rebrands Korbit as Digital X After Controlling Buyout
South Korea’s financial giant Mirae Asset has officially rebranded the cryptocurrency exchange Korbit as Digital X. This pivot follows the completion of an acquisition that saw Mirae Asset Consulting secure a 97.15% controlling stake, marking the first time a traditional domestic financial group has fully absorbed a major digital asset platform.
DeFi aggregator Odos to shut down services by July 30
The operating company behind Odos, a prominent decentralized exchange aggregator, announced it will permanently cease all services on July 30, 2026. While the platform’s underlying smart contracts and the associated ODOS token remain on-chain, the team behind the development and maintenance of the interface is winding down operations.
Lien Finance drained of $542K in bond logic exploit
An attacker exploited a flaw in Lien Finance’s bond token exchange logic to mint unsupported assets and drain liquidity, resulting in a loss of approximately $542,144 in USDC. Security researchers identified the incident as a failure in protocol pricing and validation rather than a conventional smart contract breach.
Bitcoin Climbs as Regulatory Shifts and Security Breaches Define Market
Bitcoin gained 4.16% this week, pushing total crypto capitalization to $2.22 trillion as the asset class decoupled from stagnant U.S. equities. While market sentiment improved, the sector faced fresh volatility triggered by high-profile bridge exploits and the looming shutdown of the long-standing derivatives exchange BitMEX.
Drift Protocol Exploiter Moves $44M Through Tornado Cash
After three months of total silence, a wallet linked to the $285 million Drift Protocol hack has surged into action. The attacker funneled 23,095 Ether into the Tornado Cash mixer, effectively obscuring the trail of a theft that continues to challenge independent investigators and blockchain security firms alike.