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PayPal Launches Native PYUSD Issuance on Polygon

Phantom and Hyperliquid Push CFTC to Distinguish Onchain Protocols from Brokers

Privy and Jito Launch FullSend to Bypass Solana Transaction Routing

Hong Kong Regulator Mandates Phishing-Resistant Logins for Crypto Platforms
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Russia's Alfa Bank Plans Crypto Depository by Mid-2026

SWIFT Launches Blockchain Ledger Pilot with 17 Banks for 24/7 Tokenized Payments

Google Bans Prediction Market Extensions from Chrome Web Store in August 2026
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Markets

PayPal Launches Native PYUSD Issuance on Polygon
PayPal has begun issuing its PYUSD stablecoin natively on the Polygon network as of July 9, adding a second major blockchain to its stablecoin infrastructure. The native issuance integration is designed to enhance transaction efficiency and security while broadening PYUSD's utility across...

Privy and Jito Launch FullSend to Bypass Solana Transaction Routing
Privy and Jito Labs have launched FullSend, a tool that routes transactions directly to Solana's block-building leader. While it improves transaction speed and reliability, the move concentrates transaction ordering power and raises concerns about network fragmentation and centralization.

B3 Launches Options on Bitcoin, Ether, Solana Futures
B3, Latin America's largest stock exchange, launched options contracts on Bitcoin, Ether, and Solana futures on July 9, 2026, signaling institutional maturation in the region's crypto derivatives market.

Interpol Busts $122.5M Crypto Laundering Network in Romance Scam Crackdown
Interpol's Operation First Light has dismantled a major cryptocurrency laundering network used to process romance scam proceeds, resulting in 5,811 arrests across 97 countries and the interception of approximately $293 million in illicit funds.
Regulation

Wisconsin Files Criminal Complaint Against Circle Over USDC Recovery Refusal
Wisconsin has filed a criminal complaint against Circle for refusing to assist in recovering USDC tokens obtained through fraud. The case could establish legal precedent requiring stablecoin issuers to participate in asset recovery efforts, reshaping industry standards and regulatory frameworks.

Phantom and Hyperliquid Push CFTC to Distinguish Onchain Protocols from Brokers
Phantom wallet and the Hyperliquid Policy Center have jointly submitted comments to the U.S. Commodity Futures Trading Commission urging regulators to stop applying traditional broker and exchange rules to decentralized onchain protocols.

Hong Kong Regulator Mandates Phishing-Resistant Logins for Crypto Platforms
Hong Kong's Securities and Futures Commission has ordered crypto platforms to deploy phishing-resistant login methods within 12 months, marking a shift toward stronger operational security standards in the region's digital asset industry.

Google Bans Prediction Market Extensions from Chrome Web Store in August 2026
Google is removing all Chrome extensions that facilitate real-money prediction market trades from its Web Store effective August 1, 2026. The ban is part of updated Chrome Web Store policies enforcing stricter data privacy and AI safety requirements, adding pressure on platforms like Polymarket...
DeFi

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.

eToro Leads $12.5M Round in Extended as Brokers Push Into Onchain Derivatives
eToro has led a $12.5 million strategic funding round for Extended, an onchain perpetual futures platform, signaling a broader shift toward decentralized derivatives infrastructure among traditional brokers. The investment includes integration into eToro's Zengo wallet.
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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