JPMorgan Brings MONY and JLTXX Tokenized Money Funds to Solana
Argentine Court Dismisses Libra Case Against Milei and 10 Others
Colombia Arrests Eight Over Crypto Laundering of Drug Money for US Cases
Circle Shareholder Sues Trump and World Liberty Over Deals Tied to UAE
Initia Halts Layer-1 and Rollups After Exploit Drains About $2.7M
Netanyahu Asks for a Blockchain Plan to Counter Possible Sanctions
Wells Fargo, Arm and Intuit Object to Tokenized Shares on OKXICE
New York AG Seeks $1.37B From NovaTech Founders After Default Judgment
Pentagon Bars Personnel From Trading on Nonpublic Data on Polymarket, Kalshi
Blumenthal Demands Tether Records on Payments to Bo Hines Firm Nxum
Circle Match Opens Hourly USDC Mint and Redeem Auctions
Blockchain Association Asks Congress for Crypto Tax Overhaul, Names No Bill
Top Stories
Argentine Court Dismisses Libra Case Against Milei and 10 Others
Colombia Arrests Eight Over Crypto Laundering of Drug Money for US Cases
Circle Shareholder Sues Trump and World Liberty Over Deals Tied to UAE
Initia Halts Layer-1 and Rollups After Exploit Drains About $2.7M
Netanyahu Asks for a Blockchain Plan to Counter Possible Sanctions
Wells Fargo, Arm and Intuit Object to Tokenized Shares on OKXICE
New York AG Seeks $1.37B From NovaTech Founders After Default Judgment
Pentagon Bars Personnel From Trading on Nonpublic Data on Polymarket, Kalshi
Editor's Picks
Pentagon Bars Personnel From Trading on Nonpublic Data on Polymarket, Kalshi
Blumenthal Demands Tether Records on Payments to Bo Hines Firm Nxum
Circle Match Opens Hourly USDC Mint and Redeem Auctions
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Markets
JPMorgan Brings MONY and JLTXX Tokenized Money Funds to Solana
J.P. Morgan Asset Management has made its MONY and JLTXX tokenized money market funds available on Solana through Morgan Money. Both were already on Ethereum. The real test: sustained balances and holder growth, not launch headlines.
Initia Halts Layer-1 and Rollups After Exploit Drains About $2.7M
An attacker minted 2 million unbacked AUSD on Initia and bridged about $2.7M to Ethereum before the team halted its layer-1 and rollups. Co-founder Zon points to a Day 0 bug in the MoveVM implementation that does not affect native INIT.
Netanyahu Asks for a Blockchain Plan to Counter Possible Sanctions
Israeli Prime Minister Benjamin Netanyahu said blockchain is one way to prepare for possible banking sanctions and that he has already asked for a plan. He offered no details on who would build it, which chain it would use, or when.
Wells Fargo, Arm and Intuit Object to Tokenized Shares on OKXICE
Wells Fargo, Arm Holdings and Intuit are among six more companies objecting to tokenization of their shares on OKXICE, the OKX and ICE venue, bringing objectors to 22 as the platform seeks to launch under the SEC's innovation exemption.
Regulation
Argentine Court Dismisses Libra Case Against Milei and 10 Others
Argentina's Federal Court No. 8 dismissed criminal charges against President Javier Milei, his sister Karina and nine others over the Libra meme coin, ruling that losses of nearly $110 million for 40,000 investors did not by themselves prove fraud.
Colombia Arrests Eight Over Crypto Laundering of Drug Money for US Cases
Colombia's Attorney General says eight people were captured for extradition to the US in two actions targeting alleged crypto laundering of drug cartel money, including a group charged in Puerto Rico and a suspect indicted in New York over $42 million in transactions.
Circle Shareholder Sues Trump and World Liberty Over Deals Tied to UAE
Former Circle engineer J. Benjamin Greenberg filed a derivative suit against Trump, World Liberty Financial and Steve Witkoff, alleging UAE-linked deals violated the Foreign Emoluments Clause and steered stablecoin business from USDC to USD1. Circle says it did not authorize the filing.
New York AG Seeks $1.37B From NovaTech Founders After Default Judgment
New York's attorney general is seeking $1.367 billion in disgorgement and interest from NovaTech's founders, who allegedly fled the country. Investors deposited $1.16 billion, but only $26 million reached trading. Four promoters settled for nearly $6 million.
DeFi
Dolomite Adds $100 Million in Concrete BTCcx Bitcoin Collateral
Dolomite has added $100 million in Concrete's BTCcx, a custody-native Bitcoin token backed 1:1 at BitGo, as lending collateral. Only Concrete can borrow against it, and liquidations run through offchain custody settlement.
Researchers Flag Inflated swETH and rswETH Rates After Swell Key Compromise
Security researcher Spreek reports an unidentified actor took control of Swell DAO hot keys, raising swETH and rswETH rates 1% per hour with no new ETH. Four malicious upgrades could reach about 2,513 ETH, though Swell says no ETH has moved.
France Proposes Liability for Crypto Platforms That Offer DeFi Access
France's Treasury, AMF, central bank and ACPR propose that crypto platforms vet DeFi protocols and face liability for certain client incidents, as part of a wider set of suggested MiCA changes covering supervision and stablecoins.
Dogecoin Labs Launches to Unite MyDoge, DogeOS and Such App
Dogecoin Labs, a joint effort between the Dogecoin Foundation and House of Doge led by CEO Jordan Jefferson, unites the MyDoge wallet, the DogeOS rollup and Such App. DogeOS is on testnet with no mainnet timeline yet.
Technology
Nvidia Earnings Beat and $12.9B Hugging Face Deal Push Nasdaq Futures Up 1.1%
Nvidia stock jumped 7% in premarket trading Thursday after posting an earnings beat and announcing a $12.9 billion acquisition of Hugging Face. Nasdaq futures climbed 1.1% on the news, arriving ahead of the Federal Reserve's Jackson Hole Economic Symposium.
Mystery AI Model Ox Alpha Beats Claude Fable on Benchmarks, Creators Unknown
A new AI model called Ox Alpha has surfaced with no identifiable creators, a free price tag, and benchmark scores that outperform Anthropic's Claude Fable. The model ships with a 1 million token context window, accepts video as input, and is available at no cost.
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.
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