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The upgrade reduces smart contract execution costs while laying the groundwork for Ouroboros Leios, a major scalability upgrade expected later this year. Cardano has activated its van Rossem hard fork as of Saturday, upgrading the Cardano mainnet to version 11, which is expected to lower smart contract execution costs and lay the groundwork for Ouroboros Leios, a major scalability upgrade for the protocol. Onchain data from Cardanoscan shows the network moved from Protocol Version 10 in epoch 643 to Version 11 in epoch 644. “As well as Plutus improvements and Plutus Cost Model enhancements, this upgrade lays the foundation for the next upgrade, the Dijkstra era hard fork, which will introduce Ouroboros Leios to Cardano,” Input Output wrote in a weekly development report on Friday. Read more
The attacker allegedly used a flash loan and rapid swaps to manipulate the bridge’s stablecoin exchange rate. Allbridge, the company behind cross-chain stablecoin bridge Allbridge Core, said it has paused the protocol as a precaution after a “security incident” that reportedly saw $1.65 million drained on Sunday. The incident affected Allbridge Core’s Solana deployment, with the attacker having already bridged the stolen funds from Solana to Ethereum before moving them into privacy pools. “Allbridge Core is experiencing a security incident,” it said in a post on X on Sunday. “We have paused the protocol as a precaution while we investigate. If you have liquidity in affected pools, please withdraw now.” Read more
The planned rollout would let thousands of transportation contractors receive digital yen payments more frequently and quickly. AZ-COM Maruwa Holdings, a major Japanese logistics company, plans to adopt JPYC to make payments to around 2,300 business partners, in what is expected to be the first large-scale corporate use of the yen-denominated stablecoin in Japan. According to a report from Nikkei, JPYC will be used to pay fees and compensation to individual contractors who handle transportation, including truck drivers; the use of the stablecoin will allow faster and more frequent payments, as it does not charge transfer fees. AZ-COM Maruwa is also considering a partnership with JPYC and an investment of over 1 billion Japanese yen ($6.2 million). Read more
Financial Services Commission Chair Lee Eog-won posted the figures on the second anniversary of the enactment of the Virtual Asset User Protection Act. South Korea’s financial authorities investigated more than 40 cases of unfair trading, including market manipulation and fraudulent crypto trading, in the last two years. According to an X post by Financial Services Commission Chair Lee Eog-won, 30 cases were reported to or referred to investigative agencies, which identified 25 suspects since the Virtual Asset User Protection Act took effect in July 2024. Lee said the average unlawful gains were around 1.4 billion Korean won ($940,000). Read more
The fate of the CLARITY Act hinges on Trump’s ethics, so the odds aren’t looking great. Prediction market volumes hit new highs, and more news. Polymarket suggests the odds of the CLARITY Act passing this year are just 40%, after a raft of Democratic Senators, including Chris Murphy, Jeff Merkley and Chris Van Hollen, spoke out against the bill. A crucial Senate vote could happen as early as this week, with Senate Majority Leader John Thune stating it will definitely be held before Aug. 10. Democrat Senator Elizabeth Warren is trying to spoil the vote by highlighting how much money President Donald Trump has extracted from the industry. She demanded Trump voluntarily release his crypto earnings for this year, after his 2025 disclosure, showed he earned more than a billion dollars from crypto last year. The controversy means that Senate Democrats are unlikely to support the bill without a provision banning elected officials promoting or issuing cryptocurrency. Summer Mersinger, the CEO of the Blockchain Associ...
The man in control of the biggest Bitcoin corporate treasury said he shares the objectives but disagrees about the remedy detailed in the proposed temporary fork. Strategy executive chairman Michael Saylor took to social media on Sunday to detail his “110 reasons” why a proposed temporary fork to limit non-monetary transactions on the Bitcoin network, or BIP-110, is a bad idea. Bitcoin Improvement Proposal-110 was introduced in December 2025 to stop nonfungible token-like Ordinals inscriptions and other arbitrary data from spamming the network and to preserve BTC’s main use as a peer-to-peer cash system. In a roughly 3,700 word post on X.com, the man in control of the largest Bitcoin (BTC) corporate treasury made a case for what he said are “neutral rules, hard consensus, open markets, and permissionless innovation.” Read more
US regulators failed to finalize implementing regulations by the GENIUS Act’s one-year deadline, issuing 10 proposed rules instead. US regulatory agencies missed Saturday’s rulemaking deadline under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, one year after the law was signed. While several regulatory agencies published proposed rules and collected public feedback during the past year, no final regulations were issued before the deadline. Those agencies include the Department of the Treasury, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board, according to rulemaking trackers by law firm Chapman and crypto investment company Paradigm. Read more
The proceedings come as South Korea’s Virtual Asset User Protection Act lacks explicit sanctions provisions for hacking and computer system incidents, leaving the scope of penalties uncertain. South Korea’s Financial Supervisory Service (FSS) has reportedly sent an inspection opinion letter to Dunamu, the operator of crypto exchange Upbit, regarding the $36 million hack from November 2025. Local news outlet Yonhap News reported Sunday that the FSS had recently sent Dunamu an inspection opinion letter. The letter marks the formal start of a sanctions procedure by the financial authorities. It provides Dunamu with an opportunity to respond to the inspection’s findings before the regulator notifies the company of its proposed sanctions. Read more
Electronic Transactions Association (ETA) CEO, Jason Oxman, indicated that members of his organization might start recognizing Bitcoin’s disruptive potential, suggesting that this might lead to more partnerships between traditional electronic payment providers and Bitcoin startups. Electronic Transactions Association (ETA) CEO, Jason Oxman, indicated that members of his organization might start recognizing Bitcoin’s disruptive potential, suggesting that this might lead to more partnerships between traditional electronic payment providers and Bitcoin startups. On August 6, the ETA, which represents companies like Visa, MasterCard, Amazon and PayPal, welcomed BitPay, the first virtual currency company to become an ETA member, according to the press release. The announcement expressed the ETA’s commitment to embrace new technologies, and said to expect “more such partnerships as the payments industry innovates for the future.” In a recent interview with CoinDesk, the head of the financial trade group specified t...
Cybersecurity company Kaspersky said a newly identified malware framework is targeting cryptocurrency investors through social engineering tactics and trojanized GitHub apps. Kaspersky has uncovered a new malware framework targeting cryptocurrency investors. Dubbed “OkoBot,” the malware initiates an infection chain that starts with social engineering tactics such as ClickFix, which tricks users into running malicious commands, or trojanized GitHub apps that deliver a backdoor to infected devices, the cybersecurity company wrote in a Wednesday report. The malware can harvest crypto wallet files, browser data and user credentials, inject malicious extensions and capture wallet application windows to steal assets. Kaspersky said it identified multiple attacks involving this malware family since January 2026. Read more
France’s gambling authority has ordered the country’s internet service providers to geoblock Polymarket, citing illegal gambling and market manipulation concerns. France’s Autorité nationale des jeux (ANJ), or the National Gambling Authority, has ordered internet service providers to block access to Polymarket. Prediction websites are considered illegal gambling, the ANJ said in a Friday press release. The regulator said that Polymarket’s operations are not authorized in France and that advertising unauthorized gambling sites constitutes a criminal offense with fines of up to 100,000 euros ($114,000). Read more
The FTX Recovery Trust and company have distributed about $10 billion since the exchange filed for bankruptcy in November 2022, leaving users cut off from their funds. The trust behind reimbursing creditors with ties to defunct cryptocurrency exchange FTX announced that its next distribution of funds would start on July 31. In a Friday notice, the FTX Recovery Trust and crypto exchange said that they would distribute about $900 million to claimants in the recovery plan’s “convenience and non-convenience classes.” Eligible creditors can receive funds through their BitGo, Kraken or Payoneer accounts within one to three business days starting from July 31. The distribution will mark the fifth round of attempts of repaying FTX’s creditors. Convenience claims under $50,000 will receive a 120% reimbursement under FTX’s recovery plan, while others will receive between a 103-105% distribution. Read more
Galaxy Digital will rename Texas Tech’s football stadium under a 15-year agreement, expanding its West Texas presence as the state attracts growing crypto investment. Digital asset and AI infrastructure company Galaxy Digital has signed a 15-year naming rights agreement with Texas Tech, renaming the university’s football stadium Galaxy Stadium beginning with the 2026 season. The partnership also makes Galaxy the official data center and digital assets partner of Texas Tech Athletics, with the companies planning to collaborate on student-athlete name, image and likeness opportunities, artificial intelligence initiatives and workforce development programs. According to Friday’s announcement, the stadium will debut under its new name on Sept. 5, when Texas Tech opens its season against Abilene Christian. Financial terms of the agreement were not disclosed. Read more
Through an introduction with a “reputable third-party service provider,“ the company took on a developer who, as part of an investigation, was revealed to be tied to North Korea. Blockchain company Consensys accidentally used a software developer linked to North Korea who had access to some of its systems for a month. First reported on Friday by Drop Site, Consensys earlier this year took on a software developer under the alias Tyler Knapp who was later discovered to have ties to the Democratic People’s Republic of Korea, or North Korea. The move caused the company to temporarily suspend product releases and conduct an investigation into the matter “‘Knapp’ was introduced to us through an existing relationship with a reputable third-party service provider and collaborated with Consensys as a consultant,” Consensys general counsel Matt Corva stold Cointelegraph. “He was never hired as a Consensys employee. Very quickly after being introduced, we discovered the threat, followed our security protocols, immediate...
Bolivia moves to recognize USDT amid a dollar shortage, while Bitcoin miners’ AI ambitions face fresh investor scrutiny. Stablecoins have long been pitched as a faster way to move dollars across borders. In Bolivia, they’re increasingly becoming a way to access dollars in the first place. The country’s recent proposal to recognize Tether’s USDt (USDT) for payments underscores how economic instability is driving adoption in many emerging markets. Elsewhere, Bitcoin miners are discovering that pivoting to AI infrastructure may unlock new revenue streams, but it doesn’t shield them from investor scrutiny. Bolivia is considering a regulatory framework that would recognize Tether’s USDT as a payment currency, marking another step in the country’s push to integrate digital assets into its financial system. Read more
The feature offers European customers a voluntary path away from Tether’s USDT as MiCA rules reshape the region’s stablecoin market. OKX Europe has launched a one-way conversion feature allowing customers to deposit USDT and convert it into USDC, offering a regulated migration path as the European Union’s Markets in Crypto-Assets (MiCA) rules limit support for the world’s largest stablecoin. According to a company announcement shared with Cointelegraph, the feature lets customers deposit Tether’s USDt (USDT) into their OKX Europe account and convert the tokens into USDC (USDC), one of the largest stablecoins available under the European Union’s MiCA framework. Tether has not obtained authorization to issue USDT under MiCA, prompting many European platforms to restrict deposits, delist trading pairs or convert customer balances into compliant alternatives as the European Union completed the framework’s rollout on July 1. Read more
With the Senate likely voting on a crypto bill within days, Elizabeth Warren asked for information on Donald Trump’s earnings between January and July ahead of a 2027 deadline. Senator Elizabeth Warren, one of the more outspoken voices in the US Congress associating digital assets with illicit activities, has called on President Donald Trump to release additional information on his crypto investments ahead of a mandated deadline. In a Thursday letter, Warren requested Trump voluntarily release a financial disclosure report on his earnings related to cryptocurrency between Jan. 1 and July 15. The request came after Trump’s 2025 financial disclosures showed he had earned $1.4 billion from crypto-related ventures in 2025, including through his memecoin, Official Trump (TRUMP), and his family’s company World Liberty Financial. “Your financial disclosure raises key questions about the appropriateness of Presidents, Vice Presidents, senior administration officials, members of Congress, and their families profiting ...
Bitcoin saw a key rejection at local highs before reversing lower, moving with stocks for a second day as US-Iran war downside took its toll. Bitcoin (BTC) dipped below $62,500 at Friday’s Wall Street open as stocks took a fresh hit from the US-Iran war. Key points: Read more
The Bank of England approved HSBC Orion to go live in its Digital Securities Sandbox, with the first Digital Gilt Instrument transaction expected in the first quarter of 2027. HSBC, one of the world’s largest banks, has received approval to operate in the United Kingdom’s Digital Securities Sandbox (DSS), allowing its digital assets platform, HSBC Orion, to support the issuance, servicing and settlement of digital securities. The bank announced Tuesday that HSBC Orion will operate as a digital securities depository within the DSS, a regulatory environment designed to test new technology for securities markets. HSBC said it is the first company approved by the Bank of England to go live in the sandbox. HSBC’s platform will support digitally native bond issuance, including the UK’s planned digital sovereign bond — Digital Gilt Instrument (DIGIT) — and corporate bonds. HSBC said HSBC Orion has enabled more than $5 billion in digital bond issuances globally. Read more
SBI Holdings received regulatory approval to acquire a majority stake in Singapore-based crypto exchange Coinhako as it expands into stablecoins, onchain finance and tokenized assets. Japanese financial services group SBI Holdings has acquired a majority stake in Holdbuild, the parent company of Singaporean crypto platform Coinhako, after receiving regulatory approval from Singapore’s central bank. The approval from the Monetary Authority of Singapore (MAS) enabled SBI to acquire company shares from existing shareholders through a capital injection, making Coinhako a consolidated subsidiary of SBI, the company announced on Thursday. Coinhako holds a Major Payment Institution license under MAS through its subsidiary, Hako Technology Pte. Ltd. SBI announced its intent to acquire a majority stake in the Singaporean crypto exchange in February. Read more11104 items