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American Bitcoin Reports $57 Million Loss Despite Mining Record
American Bitcoin Corp. posted a $57.2 million net loss for the second quarter, a figure dragged down by $71.2 million in digital asset write-downs. Despite the deficit, the firm—co-founded by Eric Trump and majority-owned by Hut 8—hit a record production milestone of 932 BTC, fueling a 14% growth in its total reserve.
London Jury Convicts Five in Brutal Crypto Extortion Case
Two French cryptocurrency investors were held captive for 52 hours in a London apartment, subjected to torture and forced to surrender $30,000 after their public displays of wealth on social media marked them as targets for a criminal gang operating under the direction of an overseas mastermind.
Robinhood Secures UK Crypto License Ahead of Regulatory Overhaul
Robinhood has gained official approval from the Financial Conduct Authority to operate cryptocurrency services in the United Kingdom. The company’s UK subsidiary was added to the regulator’s list of cryptoasset firms on July 31, granting the platform a strategic foothold before a major shift in British financial oversight.
David Schwartz proposes Bitcoin inheritance via shared hardware access
David Schwartz, co-creator of the XRP Ledger and Ripple board member, has outlined a method for Bitcoin inheritance that relies on splitting access to hardware wallets. By distributing duplicate devices and PINs among separate trusted parties, the proposal aims to create a barrier against unauthorized access while ensuring future recovery.
Troy Jackson Challenges Elon Musk Over Maine Senate Spending
Conflict emerged in the Maine Senate race Sunday as Democratic nominee Troy Jackson directly confronted Elon Musk over plans by the billionaire’s America PAC to pour up to $120 million into Republican field operations. Jackson dismissed the intervention as a cynical attempt to purchase political outcomes at the expense of local voters.
GSK and Relation Therapeutics expand AI drug discovery partnership
GSK has committed up to $110 million to a research collaboration with British biotech firm Relation Therapeutics, aiming to integrate proprietary biological data generation with AI-driven drug discovery. The partnership focuses on training advanced models to identify new therapeutic targets by mapping how human cells respond to genetic interventions.
HashKey secures JPMorgan banking gateway for client funds
Hong Kong-based HashKey Exchange has received approval from JPMorgan Chase to open a segregated client funds account, marking a strategic expansion into U.S. dollar settlement services. The development positions the platform as the first licensed digital asset exchange in Asia to secure this specific banking bridge.
Bitget Exits Japanese Market Following Regulatory Warnings
Bitget has shuttered new registrations for Japan-based users, initiating a phased withdrawal that concludes with the mandatory closure of all remaining open positions by December 31. The decision follows a persistent series of warnings from Japanese financial regulators regarding the exchange’s unauthorized operations within the country.
Bithumb targets 2028 public listing amid governance overhaul
South Korean cryptocurrency exchange Bithumb has unveiled a three-year roadmap to go public by 2028, prioritizing structural transparency and rigorous financial compliance. The move signals a strategic pivot toward institutional-grade operations as the firm works to satisfy local regulatory standards while navigating recent privacy and anti-money laundering enforcement actions.
Ripple bets on UK startups to build out XRPL tokenization
Ripple has acquired stakes in London-based ZILO and Licuido, signaling a strategic expansion into the institutional tokenized fund market. By integrating these firms into the XRP Ledger, the company aims to bridge the gap between traditional transfer agency operations and digital asset settlement using its RLUSD stablecoin.
Standard Chartered-backed Anchorpoint delays HKDAP stablecoin rollout
After missing targets for the second quarter and July, the Standard Chartered-backed venture Anchorpoint Financial has pushed the debut of its Hong Kong dollar stablecoin, HKDAP, into August. The project, which secured an issuer license in April, is currently finalizing its infrastructure for cross-border payments and tokenized assets.
ZeroStack Signals Financial Distress as Treasury Value Plummets
With an accumulated deficit of $339.1 million and its primary digital asset treasury shedding 91% of its acquisition value, Nasdaq-listed ZeroStack has officially flagged substantial doubt regarding its ability to remain a going concern over the next 12 months, marking a stark reversal from its previous liquidity outlook.
The Smarter Web Company Expands Bitcoin Reserve to 2,712 BTC
With 2,712 BTC now under its control, The Smarter Web Company has reclaimed its momentum in the corporate treasury rankings. The London-listed firm confirmed an acquisition of 11.89 additional Bitcoin, marking a swift return to its accumulation strategy just weeks after settling a major debt obligation.
Trade.XYZ faces valuation rumors amid $200M funding speculation
Speculation is swirling through crypto circles that Trade.XYZ is pursuing a $200 million equity round at a $1.5 billion valuation. While the chatter has gained traction on social media, the company has remained silent, leaving the community divided over whether the potential deal represents a strategic move or mere market noise.
Binance Launches August Dual Investment Leaderboard with 5,888 USDC Prize
Binance has opened its August leaderboard for Dual Investment users, offering a top prize of 5,888 USDC. The exchange is ranking participants based on their average subscription volume and duration throughout the month, with the promotion running from August 3 through August 31 for verified accounts.
Coldcard Firmware Flaw Exposes Weakness in Hardware Wallet Security
A five-year-old vulnerability in Coldcard hardware wallets has triggered a wave of attacks, resulting in the suspected theft of nearly $90 million in Bitcoin. The incident has prompted industry leaders to demand independent verification of seed generation processes, which currently rely entirely on manufacturer self-attestation.
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Luno sets final withdrawal deadlines as regional exits loom
Luno customers in undisclosed regions now face a hard cutoff for their assets, as the exchange has disabled all cryptocurrency transfers to external wallets. With the June 29 transfer deadline passed, users must liquidate their holdings and withdraw fiat currency to a bank account before the final August 31 cutoff.
ABN AMRO Finalizes €875 Million Acquisition of NIBC
ABN AMRO has officially finalized its €875 million purchase of NIBC, acquiring the Dutch bank from Blackstone at 0.85 times its book value. The deal, first announced in November 2025, aims to bolster the buyer's mortgage and savings market presence across the Netherlands, Belgium, and Germany.
Lloyds Banking Group Posts 23% Profit Surge Amid Wealth Expansion
A 23 percent rise in statutory profit to £3.123 billion for the first half of 2026 places Lloyds Banking Group well ahead of analyst expectations. The results signal a robust period for the lender, driven by the full integration of Lloyds Wealth and a significant scaling of internal productivity measures.
Executive Appointments: Investor Pointe, Walkers, and M&G
Global wealth and infrastructure firms are reshuffling their leadership ranks, with new high-level appointments at Investor Pointe, Walkers, and M&G’s Infracapital division. These strategic changes reflect a broader push to strengthen client relations, regulatory compliance, and private market investment capabilities across international financial hubs.
Bitcoin Braces for Macro Volatility Amid U.S. Economic Data Surge
Bitcoin traded near $62,747 early Monday, struggling to sustain momentum despite a brief climb to $63,697. As investors weigh the impact of diplomatic shifts in the Middle East, the digital asset faces a heavy week of U.S. economic data and corporate earnings that could redefine Federal Reserve policy expectations.
PayPal Reorganizes Around Stablecoins Amid Growth in Payment Volume
PayPal processed $486.4 billion in total payment volume during the second quarter, a 10% increase year-over-year. Alongside these financial results, the company formally integrated its stablecoin, PYUSD, into a new division dedicated to Payment Services & Crypto, signaling a broader strategic shift toward digital asset infrastructure.
SEC Stalls Nasdaq Bitcoin Options Amid Jurisdictional Clash
A high-stakes turf war over digital asset oversight has frozen Nasdaq’s plans for Bitcoin index options, as the SEC opens a formal review into whether the product falls under its authority or should be exclusively governed by the Commodity Futures Trading Commission.
Prediction Markets Hit Record $50.6 Billion Volume in July
Prediction markets surged to an all-time high of $50.6 billion in monthly trading volume during July, a 7.8% increase over June. While the FIFA World Cup drove significant contract turnover, the record figures highlight a complex landscape where rapid growth in regulated U.S. exchanges coincides with intensifying legal battles over state-level gambling enforcement.
Fourth Coldcard attack wave drains over 448 BTC
A fourth coordinated strike against Coldcard wallets has drained roughly 448.7 Bitcoin from 709 addresses, according to data from Galaxy Research. The surge in activity, which peaked at 13.8 transaction sweeps per block, marks a 45-fold increase over baseline network behavior, signaling a persistent threat to vulnerable hardware users.
BitGo CEO stakes 100 BTC to challenge Anthropic’s AI security claims
A balance of 100 BTC remains unmoved in a digital wallet after BitGo CEO Mike Belshe challenged Anthropic to use its Claude AI models to breach the funds. The public wager follows Anthropic’s disclosure that its models inadvertently accessed real-world systems during internal cybersecurity tests earlier this summer.
Binance to Drop Six Tokens as Asset Review Triggers Delistings
Binance has set August 17 as the final day for spot trading of Across Protocol, Hashflow, PIVX, Vulcan Forged PYR, Vanar, and Viction. The exchange’s latest review cycle ends a period of uncertainty for these assets, forcing users to settle positions and manage migrations before liquidity vanishes from the platform.
Senate faces narrow window for CLARITY Act before summer recess
The U.S. Senate’s floor schedule for the week of August 3 remains conspicuously clear of the Digital Asset Market Clarity Act, leaving lawmakers with a dwindling 72-hour window to initiate procedural votes. Unless a cloture petition is filed by Wednesday, the window for floor action before the August 10 recess effectively closes.
Family Offices Pivot Toward Outsourced Expertise
Managing a combined $119.37 billion, family offices are increasingly looking beyond their own walls to handle complex financial tasks. A survey of 200 industry professionals reveals that 77 percent plan to ramp up their reliance on third-party specialists over the next three years to meet growing operational demands.
Senate Unveils Bipartisan Stopgap to Avert Government Shutdown
Senate Appropriations leaders released a bipartisan funding bill Sunday designed to keep federal agencies operational through December 11, effectively punting a potential government shutdown until after the November midterm elections. The proposal aims to secure essential social programs while neutralizing contentious executive branch rules.