Cryptocurrency
Movement Labs Files for Bankruptcy Following MOVE Token Turmoil
Movement Labs has initiated Chapter 11 bankruptcy proceedings in Delaware, reporting up to $10 million in liabilities against a maximum of $500,000 in assets. The collapse follows a year of intense scrutiny surrounding the MOVE token launch, which sparked regulatory investigations, leadership purges, and massive trading disruptions on major exchanges.
Crypto-linked stocks rally as Bitcoin surges ahead of Fed meeting
Bitcoin’s climb beyond $66,000 ignited a sharp rally in crypto-related equities on Tuesday, pushing CRCL, BMNR, and MSTR higher as investors recalibrate positions ahead of the Federal Reserve’s upcoming policy gathering. The market movement signals renewed confidence in digital asset exposure despite looming macroeconomic uncertainty.
White House pushes for crypto bill with sweeping ethics concessions
The White House has agreed to the most extensive federal ethics restrictions in history to secure Democratic support for the CLARITY Act. By addressing concerns over President Donald Trump’s personal crypto interests, the administration hopes to clear the Senate’s 60-vote threshold before the upcoming August recess.
MEXC Integrates Yuma Validator to Streamline Bittensor Staking
Forty million users on the MEXC exchange can now stake Bittensor’s native TAO token without navigating the complexities of external wallets. Through a partnership with the Yuma validator group, the exchange has integrated native staking infrastructure directly into its platform, aiming to lower participation barriers for the decentralized AI network.
Telegram to Launch Fee-Free Crypto Wallet for Billion-User Base
Pavel Durov has unveiled plans to integrate a non-custodial Gram wallet directly into Telegram, promising fee-free cryptocurrency transfers for the messaging app’s one billion monthly users. The move marks the most ambitious self-custody rollout to date, effectively embedding decentralized finance tools into the daily experience of a massive global audience.
BIS study: Stablecoins bypass national capital controls
Dollar-backed stablecoins are rendering traditional capital controls largely ineffective across 130 economies. Unlike foreign-currency bank deposits, which remain tethered to domestic regulatory oversight, digital tokens move through peer-to-peer markets and self-hosted wallets, allowing households and businesses to bypass government restrictions on currency access during periods of financial instability.
Senate nears bipartisan deal on CLARITY Act after ethics breakthrough
With the August recess looming, Senate negotiators have reached a breakthrough on ethics provisions and customer safeguards for the CLARITY Act. Senate Majority Leader John Thune expressed cautious optimism that a bipartisan deal could finally secure the necessary votes to bring the digital asset legislation to the floor.
Cathie Wood’s $20 Million SpaceX Gamble Yields Rapid Gains
Cathie Wood’s ARK Invest secured an immediate paper profit after deploying $20.45 million into SpaceX shares just one day before the stock rallied 7.1%. The July 20 transaction saw the firm acquire 170,634 shares across four actively managed ETFs, capitalizing on a dip below the company's $135 IPO price.
XRP Ledger Nears July 29 Amendment Activation
With the fixCleanup3_2_0 amendment securing 85.71% support, the XRP Ledger is set to activate a series of critical protocol maintenance updates on July 29. While the network moves toward this threshold, 99 validators have already adopted the v3.2.0 software release to ensure continued compatibility with the evolving ledger.
Bitget Partners with Siebly to Streamline API Development
Bitget has integrated Siebly.io software development kits to simplify how developers build applications for its platform. By providing standardized tools for its V3 Unified Account and V2 Classic APIs, the exchange aims to reduce the technical friction involved in creating automated trading bots and market-data systems.
Morpho launches Midnight to bring fixed-term lending to Base
Morpho has deployed its fixed-rate lending protocol, Midnight, on the Base blockchain, marking a strategic shift toward replicating traditional financial credit markets onchain. By enabling direct negotiations between borrowers and lenders, the protocol seeks to move beyond the variable-rate models that currently dominate the decentralized finance landscape.
Celsius-backed Ionic Digital clears final hurdle for Nasdaq debut
Former Celsius Network creditors are approaching a long-awaited liquidity event as Ionic Digital secures SEC approval for a Nasdaq direct listing on July 28. Trading under the ticker IOND, the company will open the market to existing shareholders without the traditional price-stabilizing mechanisms of an underwritten initial public offering.
Aztec v5 Launches Alpha to Bring Private Smart Contracts to Ethereum
Aztec Labs has deployed the alpha version of its v5 execution layer, introducing a programmable privacy framework that enables Ethereum applications to process confidential data alongside public state. By shifting computation to user devices, the system utilizes zero-knowledge proofs to verify transactions without exposing sensitive inputs to the network.
Russia Finalizes Legislative Framework for Cryptocurrency Market
The State Duma has passed a sweeping cryptocurrency bill in its final readings, establishing a regulated environment for digital asset trading, custody, and cross-border commercial settlements. Scheduled for a September 1, 2026, rollout, the legislation marks a shift from informal market activity toward strict oversight by the Bank of Russia.
Robinhood Chain Hits $9B in Trading Volume Weeks After Launch
Three weeks after its mainnet launch, Robinhood Chain has surged to nearly $9 billion in cumulative decentralized exchange volume. While the Ethereum Layer 2 network aims to become a hub for tokenized real-world assets, speculative memecoin trading currently accounts for more than 80% of its activity.
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Maharashtra Drafts India's First Property Tokenization Law
Maharashtra is moving to become India’s first state to codify blockchain-based property ownership, with Deputy Chief Minister Devendra Fadnavis commissioning a specialized legal framework to digitize land assets. The proposed DELTA Act aims to unlock stagnant capital by enabling fractional investment through tokenized real estate interests.
Dogecoin Founder Rejects Mining Overhaul Amid Price Volatility
Billy Markus, co-founder of Dogecoin, has publicly dismissed proposals to abandon the network’s merged mining architecture, labeling such efforts as aimless. As community members debate the technical reliance on Litecoin’s infrastructure, the asset is seeing a shift in market sentiment driven by whale accumulation and technical buy signals.
CoinShares Targets Institutional Capital with New European UCITS Platform
By launching a regulated Bitcoin mining ETF on Deutsche Börse Xetra, CoinShares has officially entered Europe’s €26.3 trillion UCITS market. The move bypasses the rigid internal mandates that have long prevented pension funds, insurers, and private banks from accessing digital asset strategies through traditional investment channels.
United Stables taps Chainlink as U stablecoin hits $1B milestone
After its U stablecoin breached $1 billion in circulating supply and $2.5 billion in daily trading volume, United Stables has selected Chainlink as its primary infrastructure provider. The partnership aims to bolster the asset's security and transparency through decentralized oracle services and future cross-chain interoperability.
Ant International Secures $1.2 Billion to Scale Global Fintech
Ant International has finalized a $1.2 billion Series A funding round, drawing support from parent company Ant Group, Alibaba, and a group of global investors. The capital injection arrives as the Singapore-based firm aggressively pursues artificial intelligence integration and the expansion of its blockchain-powered cross-border payment infrastructure across international markets.
Washington Judge Blocks Kalshi Sports Betting Markets
A King County Superior Court judge has issued a preliminary injunction against Kalshi, ruling that the platform’s sports-related prediction contracts likely violate Washington state gambling laws. The decision represents a significant legal setback for the company, which maintains that federal commodities regulations should preempt local oversight of its exchange.
South Korea’s CBDC Pilot Faced No Independent Security Audit
South Korea’s inaugural central bank digital currency (CBDC) pilot program proceeded without an independent government security inspection. Documents submitted by the Financial Supervisory Service to lawmaker Lee Heon-seung reveal that participating lenders relied primarily on their own internal reviews to validate the system’s integrity during the testing phase.
Hanwha Becomes Largest Securitize Shareholder as Tokenization Bets Grow
South Korean conglomerate Hanwha Group has emerged as the primary shareholder in tokenization firm Securitize, controlling a 9.6% stake through a complex network of affiliates. The move signals a major strategic pivot for the group as it aggressively expands its influence across the global digital asset and Web3 infrastructure landscape.
Bernie Sanders pivots to campaign against crypto industry influence
Senator Bernie Sanders has declared the cryptocurrency industry a primary target for his 2026 election cycle agenda, grouping digital asset firms alongside AI developers and AIPAC as billionaire-backed entities that threaten to distort the democratic process through massive, targeted political spending.
UK Parliament Launches Probe Into Bank Hostility Toward Crypto Firms
UK lawmakers have launched a cross-party inquiry into whether retail and commercial banks are unfairly throttling access for cryptocurrency businesses. Chaired by Lord Vaizey of Didcot and Labour MP Gurinder Singh Josan, the probe seeks to determine if current payment restrictions and account closures are hindering legitimate industry innovation.
Wanchain Bridge Exploit Drains $9 Million in NIGHT Tokens
A security breach targeting the Wanchain Cardano-to-BNB Chain bridge has resulted in the unauthorized withdrawal of 515 million NIGHT tokens. The exploit, identified by blockchain security firm BlockSec, triggered a sharp 30% decline in the token’s market value as investors reacted to the potential vulnerability in validator logic.
Senate Democrats secure stronger consumer safeguards in CLARITY Act
Senate Democrats have successfully pushed for more stringent customer protection measures within the pending CLARITY Act, aiming to fortify the regulatory framework for digital assets. While these safeguards provide the legislation with more teeth, deep-seated disagreements over ethics rules continue to stall the bill's final release before the August recess.
ENS DAO launches emergency veto council to block malicious proposals
The Ethereum Name Service has established an eight-member Security Council tasked with intercepting fraudulent governance proposals before they reach the protocol. This emergency brake, authorized for a two-year term, provides a critical buffer during the DAO's two-day timelock, specifically targeting exploits like flash loan attacks and credential theft.
Base and Coinbase Pivot Toward 1:1 Tokenized Equities
Jesse Pollak, founder of the Ethereum layer-2 network Base, confirmed the platform is nearing the launch of tokenized equities backed directly by underlying shares. The move signals a strategic shift for Coinbase, positioning its assets as direct ownership instruments rather than the derivative-based stock tokens currently favored by competitors like Robinhood.
David Schwartz reflects on early crypto sales and risk management
David Schwartz, the co-creator of the XRP Ledger, recently admitted that he regrets selling his early holdings of XRP at $0.10 and Ethereum near $1. Despite the massive subsequent gains he missed, Schwartz maintains that his decision to divest was driven by a strict personal aversion to financial risk.