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Bernie Sanders Defends Democratic Socialists Against Liability Claims
Walking through the halls of the U.S. Capitol on Thursday, Senator Bernie Sanders dismissed concerns that candidates backed by the Democratic Socialists of America could jeopardize the Democratic Party's electoral prospects this November. He argued instead that these candidates represent a necessary response to widespread frustration with the current economic system.
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.
Trump Claims 'Smart' Towns Crave Data Centers Despite Rising Public Outcry
Days after 142 demonstrations erupted across 42 states against the rapid expansion of AI infrastructure, President Donald Trump insisted that communities are “begging” for data centers. He dismissed widespread public opposition to the water-intensive, energy-heavy facilities as mere propaganda, framing local resistance as a misunderstanding of their economic potential.
Critics Dismiss Trump’s AI Energy Pledge as Theatrical Stunt
President Donald Trump’s promise to shield households from rising power costs linked to AI data centers is drawing sharp fire from energy experts and climate advocates, who label the initiative an unenforceable gesture that ignores the structural drivers of electricity inflation across the United States.
US Households Face Utility Debt Crisis as Electricity Costs Surge
With the average overdue utility balance jumping 32% since 2022, American families are increasingly struggling to keep the lights on. A new report links this financial strain to energy costs rising three times faster than inflation, driven by a surge in power-hungry AI data centers and shifting federal energy policies.
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.
Trump Targets 60 Nations with New Tariffs
President Donald Trump has unveiled a sweeping tariff package targeting 60 countries that account for 99% of U.S. imports. The move, which imposes duties ranging from 10% to 12.5%, is projected to cost American consumers an estimated $100 billion annually if it survives anticipated legal challenges in federal court.
Federal Court Strikes Down Trump’s 10% Import Tariffs
A federal panel has declared President Donald Trump’s 10% import tariffs unlawful, marking a significant legal defeat for an economic strategy that has failed to trigger the promised manufacturing resurgence. The Court of International Trade’s 2-to-1 decision highlights a widening gap between the administration’s trade rhetoric and actual economic performance.
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.
Zhibao Technology Plans $220 Million Bitcoin Treasury via PIPE Deal
Shanghai-based Zhibao Technology has entered a non-binding agreement to secure approximately 3,500 Bitcoin, valued at roughly $220 million, through a private investment in public equity (PIPE) financing. If finalized, the deal would see investors issue Bitcoin directly for company shares, fundamentally shifting both the firm's balance sheet and board composition.
Mubadala Capital Tokenizes $75M Private Fund on Solana, Base, and Sui
Abu Dhabi’s sovereign wealth fund arm, Mubadala Capital, has brought a $75 million private market strategy onchain. By partnering with infrastructure provider KAIO, the firm is offering tokenized access to its Alternative Solutions Fund across the Solana, Base, and Sui networks for qualified institutional and accredited investors.
OpenAI Pivots to Managed Services with Presence AI Agents
OpenAI has officially launched Presence, a managed service that deploys enterprise AI agents through human engineering teams rather than self-service software. By pairing its own Forward Deployed Engineers with global systems integrators, the company is shifting from a standard API-based model to a high-touch, project-driven consultancy approach.
Poolin Files for Chapter 11 as Texas Mining Sites Hit the Auction Block
Facing $173 million in debt, Singapore-based bitcoin mining giant Poolin has filed for Chapter 11 bankruptcy in New Jersey. The company aims to offload its West Texas infrastructure through a court-supervised auction, with stalking-horse bids already reaching $52 million from Thor CALAP LLC for its Pyote and Tarbush facilities.
Ripple Targets Institutional Growth Amidst RLUSD Volume Dip
Ripple has launched Ripple Mint and secured a strategic investment in compliance firm Notabene to bolster institutional adoption of its RLUSD stablecoin. While the token’s holder base has grown by 6%, these infrastructure upgrades arrive as monthly transfer volumes cooled by 25% to approximately $10.95 billion in July.
LayerZero and Keeta Launch Multichain Tokenized Bank Deposits
Institutional capital is moving toward a multichain future as LayerZero and Keeta unveil plans to bring tokenized commercial bank deposits to Ethereum, Solana, and Base. By utilizing LayerZero’s omnichain infrastructure, the initiative aims to facilitate the transfer of bank-grade digital assets across public blockchains for global settlement and treasury operations.
Flow Traders Taps Bitcoin-Backed Credit in New Lombard Pilot
Institutional market maker Flow Traders has initiated a pilot program to borrow stablecoins using a novel onchain credit strategy, effectively decoupling the borrowing entity from the collateral provider. The model leverages Bitcoin Earn deposits to secure loans, offering yield to depositors while providing institutional firms access to decentralized capital.
China Completes First Digital Yuan Trade Settlement With Singapore
The Industrial and Commercial Bank of China has processed a 10 million yuan import shipping payment to Singapore using the updated Digital Currency Express platform. This transaction marks a significant milestone in Beijing’s strategy to bypass conventional international banking intermediaries and shorten settlement times for cross-border trade.
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BitMEX hit with class action lawsuit over alleged liquidation schemes
A proposed class action filed in the U.S. District Court for the Southern District of New York accuses BitMEX of engineering forced liquidations to retain hundreds of Bitcoin. The legal challenge emerged on the same day the derivatives exchange announced it would cease all operations by late September.
Wealth Management Hiring Roundup: William Blair, Canaccord, Margetts
A wave of senior appointments across the wealth management sector signals a push for specialized expertise, ranging from global equity strategy to complex tax planning and enterprise risk management, as firms seek to bolster their competitive positioning in the UK and international markets.
Vontobel Profit Climbs 87 Per Cent Amid Efficiency Drive
A sharp rise in revenue coupled with a streamlined cost base propelled Vontobel to a net profit of SFr216 million for the first half of 2026, marking an 87 per cent surge compared to the same period last year as the Swiss private bank continues to outpace its own efficiency targets.
Corporate Titans Pledge $15M to Shield Bitcoin from Quantum Threats
A coalition of nine major firms, including BlackRock, Coinbase, and MicroStrategy, has launched the Bitcoin Security Consortium to finance long-term network protection. The group aims to dedicate $15 million over three years to research, specifically targeting post-quantum cryptography to guard against hypothetical future computing breakthroughs.