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Tether Posts $1.5B Q2 Profit as USDT Hits 650M Users and Gold Reserves Top 146 Metric Tons

Bitcoin Hits 2-Week Lows as US Stocks Diverge From Asia Rebound

Ethereum's 43-Day Staking Queue Reflects Network Mechanics, Not Pure Demand

AMLBot Launches AI Tracer for Self-Service Stolen Crypto Recovery

Circle Wins New York Trust Charter, Giving USDC a Formal Custody Foundation

Texas Lawmakers Move to Ban Crypto Kiosks After $57M in Scams

New York AG Sues Kalshi for $36B Over Illegal Gambling Claim

Coinbase Hits Record Market Share in Q2 but Misses Profit Estimates
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Uniswap v4 Fee Switch Delivers $325K Daily Revenue as UNI Climbs 16% in a Week

Coinbase Hits Record Market Share in Q2 but Misses Profit Estimates

ENS Labs Cuts Foundation Token Grant to 1M ENS, Adds Security Council After Delegate Revolt
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Markets

Coldcard Mk3 Firmware Flaw Drains Up to $70M in Bitcoin via Weak RNG
A critical firmware flaw in Coldcard Mk3 hardware wallets has exposed a weak random number generator used during seed generation, enabling attackers to drain between $38 million and $70 million in Bitcoin. Coinkite has urged affected users to migrate funds immediately.

Tether Posts $1.5B Q2 Profit as USDT Hits 650M Users and Gold Reserves Top 146 Metric Tons
Tether earned $1.5 billion in net profit during Q2 2026 as USDT crossed 650 million users and gold holdings climbed above 146 metric tons. The figures cement Tether's dominance in stablecoins but raise questions about regulatory compliance and systemic risk concentration.

Bitcoin Hits 2-Week Lows as US Stocks Diverge From Asia Rebound
Bitcoin slid to its lowest levels in two weeks as month-end selling pressure collided with a divergence between US and Asian equity markets. The move underscores Bitcoin's continued sensitivity to macroeconomic conditions and tech sector volatility.

Ethereum's 43-Day Staking Queue Reflects Network Mechanics, Not Pure Demand
Ethereum's 43-day staking queue is being misread as a bullish signal. Sygnum analyst Thomas Brunner argues the queue reflects the protocol's churn limit mechanics as much as genuine staking demand, a distinction that matters for institutional investors evaluating participation.
Regulation

Texas Lawmakers Move to Ban Crypto Kiosks After $57M in Scams
Texas residents have lost $57 million to crypto kiosk fraud, prompting lawmakers to consider an outright ban. Three states have already prohibited Bitcoin ATMs entirely, and Texas appears poised to follow, signaling a shift even in traditionally crypto-friendly jurisdictions.

New York AG Sues Kalshi for $36B Over Illegal Gambling Claim
New York Attorney General Letitia James filed a $36 billion lawsuit against Kalshi, alleging the federally regulated prediction market operates as an illegal gambling operation. The CFTC moved to block New York enforcement the day before, escalating a jurisdictional clash that could reshape how...

Treasury Secretary Bessent Invokes Satoshi Nakamoto in Push for Senate Vote on Clarity Act
Treasury Secretary Scott Bessent urged the Senate to immediately vote on the Clarity Act on Wednesday, accusing Democrats of delaying the crypto market structure bill for political reasons and invoking Bitcoin's pseudonymous creator to underscore the stakes.

IRS Warns of Sophisticated Phishing Scam Targeting Crypto Holders
The IRS has issued a warning about fraudsters mailing counterfeit compliance letters to cryptocurrency holders, directing recipients to fake government portals built to harvest digital assets and personal information.
DeFi

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.

Morpho Deploys on HSK Chain as Hong Kong Official Onchain Credit Partner
Morpho has partnered with HSK Chain to deploy as Hong Kong's official onchain credit partner, marking the lending protocol's first Asia-Pacific foothold and reflecting broader institutional DeFi expansion into regulated markets.

Robinhood Chain Tops Solana in Tokenized Stock Volume After Three Weeks
Robinhood Chain has surpassed Solana in tokenized stock trading volume just three weeks after launch, averaging $29.7 million in daily DEX volume. The rapid ascent raises questions about whether the growth reflects genuine equity adoption or memecoin-driven speculation.
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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