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Coldcard Firmware Flaw Drained 1,367 BTC Across 4,585 Addresses

Fun CEO Says Crypto Payments Will Make On-Ramps and Bridges Obsolete

DeFi Platforms Quietly Pivot to Enterprise Backend Services

BNB Chain Sues Former Employee Over Unauthorized ASTEROID Memecoin Launch

DEX Spot Volume Hits 24% of CEX Trading, a Record High Since 2019, With Solana Driving $49.86B

Grayscale Pushes Senate to Vote on CLARITY Act Before August Recess

Russia Bans Crypto Mining in Moscow and Kursk Through 2032 Over Grid Strain

George Santos Settles CFTC Case Over Manipulative Trading on Kalshi
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George Santos Settles CFTC Case Over Manipulative Trading on Kalshi

Suno Loses German Copyright Case, Must License Music for AI Training

MetronomeDAO Discloses $15.7M Synth Shortfall Tied to Chainlink Oracle Lag
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Markets

South Korea Stablecoin Outflows Hit $10.4B Over 18 Months, Rivaling Overseas Stock Demand
South Korea has recorded approximately 14.9 trillion won ($11.2 billion USD) in cumulative net stablecoin outflows since January 2025, a sustained capital movement that now rivals the country's formal overseas equity investment in scale.

Coldcard Firmware Flaw Drained 1,367 BTC Across 4,585 Addresses
A firmware vulnerability in Coldcard hardware wallets allowed attackers to reconstruct private keys and drain funds across thousands of addresses, according to Galaxy Research. The flaw degraded randomness in seed generation, enabling attackers to reverse-engineer private keys without physical...

Fun CEO Says Crypto Payments Will Make On-Ramps and Bridges Obsolete
The CEO of Fun has a bold forecast for crypto's infrastructure: on-ramps and bridges won't exist in the future payments stack. The prediction echoes Bitcoin's original vision but faces real regulatory and technical counterarguments.

DEX Spot Volume Hits 24% of CEX Trading, a Record High Since 2019, With Solana Driving $49.86B
Decentralized exchanges captured 24% of centralized exchange spot volume in July 2026, their highest recorded share since 2019. Solana drove the milestone with $49.86 billion in 30-day DEX volume, outpacing Ethereum and BNB Chain.
Regulation

BNB Chain Sues Former Employee Over Unauthorized ASTEROID Memecoin Launch
A former BNB Chain employee secretly launched the ASTEROID memecoin using a retained seed phrase, accumulated 79.67% of its supply for $10,000, then sold for $638,000. BNB Chain is pursuing legal action, raising questions about insider controls and offboarding procedures.

Grayscale Pushes Senate to Vote on CLARITY Act Before August Recess
Grayscale is pressing Senate leadership to schedule a floor vote on the CLARITY Act before lawmakers break for August recess, warning that continued regulatory delays are shutting institutional capital out of crypto markets.

Russia Bans Crypto Mining in Moscow and Kursk Through 2032 Over Grid Strain
Russia has extended its cryptocurrency mining ban to Moscow, the Moscow Region, and eight districts of Kursk Region, effective August 15, 2026, through December 31, 2032. Regional energy officials estimate crypto mining consumes approximately 1 gigawatt of power in affected areas.

George Santos Settles CFTC Case Over Manipulative Trading on Kalshi
Former U.S. Representative George Santos has agreed to pay $35,000 to settle allegations from the Commodity Futures Trading Commission that he engaged in manipulative trading on Kalshi, the regulated prediction market platform.
DeFi

DeFi Platforms Quietly Pivot to Enterprise Backend Services
Several DeFi platforms have begun abandoning consumer-facing applications in favor of selling backend infrastructure services to large technology companies. This pivot trades retail volatility for enterprise predictability but raises sharp questions about token utility and governance.

MetronomeDAO Discloses $15.7M Synth Shortfall Tied to Chainlink Oracle Lag
MetronomeDAO disclosed a $15.7 million to $16 million shortfall in synthetic assets tied to Chainlink price-feed latency accumulated over years. The treasury has staged $34 million in defensive positions to close the gap without triggering a depeg.

Uniswap v4 Fee Switch Delivers $325K Daily Revenue as UNI Climbs 16% in a Week
Three days of on-chain data confirm Uniswap's fee switch is working: protocol revenue has nearly tripled to $325,000 daily, pushing UNI to $4. But liquidity providers warn the gains come from their pockets, raising questions about whether volumes will hold.

Tokenized Gold Passes DeFi Stress Test, But Adoption as Collateral Remains Minimal
Tokenized gold survived a real-world DeFi stress test during gold's sharp sell-off, with RedStone oracles maintaining accuracy and liquidations executing smoothly. Yet fewer than 2% of tokenized gold tokens are deployed as collateral, revealing a gap between technical validation and market adoption.
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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