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Pakistan's Crypto Regulator Seeks Dialogue with Islamic Scholars Over Shariah Ruling

Thailand's Central Bank and SEC Launch Joint USDT Audit

Bitcoin Leaders Back and Saylor Reject BIP 110 Proposal

Robinhood Expands AI Trading to Crypto for US Customers

Hedera Network Hit by $5.25M Exploit; Funds Bridged to Ethereum

Bonzo Lend Suffers $9M Oracle Exploit on Hedera

DOJ Moves to Drop Charges Against BitClub Alleged Fraudster in $722M Scheme

Senate Democrats Demand Hearings on Trump's $1.2B Crypto Profits
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DOJ Moves to Drop Charges Against BitClub Alleged Fraudster in $722M Scheme

Senate Democrats Demand Hearings on Trump's $1.2B Crypto Profits

Sky Frontier Hits Record $419M Revenue Run-Rate in June
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Markets

Bitcoin Holds $64K Despite Iran-US Escalation and Strait of Hormuz Closure
Bitcoin remained near $64,000 on July 12 as the US conducted fresh strikes on Iran and Tehran closed the Strait of Hormuz. The muted crypto market response contrasts sharply with June's escalation, when Bitcoin fell to $61,000, suggesting growing market resilience to Iran-related geopolitical...

Bitcoin Leaders Back and Saylor Reject BIP 110 Proposal
Adam Back and Michael Saylor have publicly opposed Bitcoin Improvement Proposal 110, warning that the protocol change could fracture the network and trigger a contentious fork. The two influential figures cited design conflicts with Bitcoin's foundational principles in their rejection of the...

Robinhood Expands AI Trading to Crypto for US Customers
Robinhood announced plans to let eligible US customers connect AI agents to dedicated accounts for automated cryptocurrency trading, building on its May 2026 equity launch. The expansion raises questions about regulatory oversight, risk management, and user protection in volatile crypto markets.

Hedera Network Hit by $5.25M Exploit; Funds Bridged to Ethereum
Blockchain security firm Peckshield has identified a suspected exploit of the Hedera network that resulted in approximately $5.25 million in stolen funds being transferred to Ethereum. The attacker successfully bridged the funds across chains and accumulated roughly $5.25 million in ether and...
Regulation

Pakistan's Crypto Regulator Seeks Dialogue with Islamic Scholars Over Shariah Ruling
Pakistan's virtual assets regulator is attempting to bridge the gap between cryptocurrency innovation and Islamic law compliance after a Shariah ruling declared digital asset payments impermissible. The PVARA has initiated dialogue with Islamic scholars, signaling a pragmatic approach to...

Thailand's Central Bank and SEC Launch Joint USDT Audit
Thailand's Bank of Thailand and Securities and Exchange Commission have launched a coordinated audit of USDT transactions as part of a broader regulatory push to combat grey money flows. The initiative coincides with new cash deposit rules requiring anyone depositing 5 million baht...

DOJ Moves to Drop Charges Against BitClub Alleged Fraudster in $722M Scheme
The U.S. Department of Justice is moving to dismiss charges against Matthew Goettsche, accused of orchestrating BitClub, one of the largest cryptocurrency fraud schemes in American history. The decision marks a significant reversal from the original indictment.

Senate Democrats Demand Hearings on Trump's $1.2B Crypto Profits
Five Senate Democrats are calling for committee hearings to investigate whether President Donald Trump's cryptocurrency holdings and reported $1.2 billion in annual profits are influencing his administration's crypto policy, particularly regarding funding from UAE-linked entities.
DeFi

Sky Frontier Hits Record $419M Revenue Run-Rate in June
Sky Frontier Foundation reported a record $419 million annualized revenue run-rate for June 2026, driven by sustained demand for yield-bearing stablecoins and the launch of Grove Protocol's governance infrastructure.

Aave Labs Launches Stable Vaults for Institutional Stablecoin Yield
Aave Labs launched Stable Vaults today, automating stablecoin yield strategies across Aave V3 and V4 markets. The product targets institutional investors and mainstream users seeking consistent returns without manual portfolio management, but faces risks around centralization, yield...

Ondo Finance Launches Equity Perps Platform With 20x Leverage on Tokenized Stocks
Ondo Finance deployed a perpetual futures trading platform today enabling users to take leveraged positions backed by tokenized U.S. stocks and ETFs. The protocol offers up to 20x leverage with 24/7 onchain trading access and is seeding the launch with up to $3 million in rewards for early...

Aave's Monad Market Hits $100M in Deposits Within 48 Hours
Aave deployed a new lending market on Monad and accumulated $100 million in deposits within two days, while V4 reached $250 million in total deposits, marking an all-time high for that protocol version.
Technology

Inception Labs' Mercury 2 Outperforms Google's DiffusionGemma in AI Showdown
Inception Labs released Mercury 2, an AI model that outperforms Google's DiffusionGemma while preserving model intelligence during the shift from sequential to parallel processing. The development marks a significant architectural transition in the post-autoregressive era.

Quantinuum Surges 13% on Nasdaq IPO Debut, Raising $1.68B
Quantinuum's shares opened at $68 on their first day of trading on Nasdaq, a 13% jump from the $60 IPO price, raising $1.68 billion in total proceeds and valuing the quantum computing company at approximately $17.63 billion market capitalization.

Starkware Cuts Jobs as Starknet Revenue Collapses 98%
StarkWare Cuts Staff as Starknet Fee Revenue Drops 98% From Peak StarkWare, the Israeli company behind the Starknet Ethereum Layer 2 network, has laid off a portion of its workforce as on-chain rev
Kraken Refuses Extortion Demand After Insider Data Breach Exposes 2,000 Accounts
Kraken Refuses Extortion Demand After Insider Data Breach Exposes 2,000 Accounts Cryptocurrency exchange Kraken has declined to pay an extortion demand following a data breach that exposed personal
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