Cryptocurrency
FlightAware Drops Lawsuit Against Kalshi After Market Terms Shift
FlightAware has voluntarily dismissed its lawsuit against prediction market operator Kalshi just 24 hours after accusing the firm of unauthorized data usage. The rapid withdrawal follows Kalshi’s decision to scrub direct references to the tracking company from its platform, signaling a likely private resolution to the high-stakes branding dispute.
Tx Halts XRPL Bridge After 198,715 XRP Theft
A critical flaw in deposit verification logic allowed attackers to drain 198,715.88 XRP from the tx XRPL bridge reserve on August 9. The exploit, which involved fabricating phantom deposits to trigger unbacked minting, has forced the project to suspend operations while the team coordinates with the FBI to trace the stolen funds.
SBI and Nodeinfra Launch Project Musubi for Japan-Korea Payments
By bypassing the U.S. dollar as an intermediary, Japan’s SBI Digital Practice and South Korea’s Nodeinfra are building a cross-border payment network designed to settle yen and won transactions simultaneously. The initiative, dubbed Project Musubi, utilizes the Canton Network to eliminate the settlement risks inherent in traditional sequential exchange processes.
Binance CSO: Quantum computing is a long-term risk, not an immediate crisis
Current quantum computers lack the scale and reliability required to compromise the cryptographic foundations of Bitcoin and Ethereum, according to Binance Chief Security Officer Jimmy Su. While the technology poses no present danger to digital assets, the industry must begin preparing for a post-quantum transition before vulnerabilities emerge.
ASIC dismantles Yepbit websites amid withdrawal freeze claims
The Australian Securities and Investments Commission has shuttered multiple websites linked to the crypto exchange Yepbit. The move follows reports from investors unable to retrieve their funds, coupled with allegations that the platform falsely blamed the regulator for the platform-imposed withdrawal freeze.
Crypto.com expands into U.S. equities via tokenized derivatives
Crypto.com has launched a suite of tokenized derivatives tracking 1,500 U.S. stocks and ETFs, enabling eligible users in the European Economic Area to trade synthetic equity exposure 24/7. The service allows for fractional positions starting at $1, bypassing traditional market hours while utilizing Alpaca as a custodial partner.
H100 Taps Veteran Peter Warren to Manage Expanded Bitcoin Treasury
With a massive 2,455-Bitcoin acquisition finalized, the Swedish firm H100 Group has appointed market veteran Peter C. Warren as chief investment officer. The move integrates Warren’s existing derivative strategies into the corporate treasury, now totaling 3,506.4 Bitcoin, as the company shifts toward a more active risk-management approach.
Bitwise Trims Workforce Amid 31% Drop in BITW Assets
Bitwise Asset Management has reduced its global headcount by 14%, leaving approximately 155 employees as the firm navigates a prolonged crypto market slump. The layoffs follow a difficult first half of 2026, during which the firm’s flagship Bitwise 10 Crypto Index Fund saw its net assets decline by 31%.
Metaplanet Shifts $247M in Bitcoin Amidst $1.4B Paper Loss
Onchain analysts tracked 3,881 Bitcoin leaving wallets linked to the Japanese firm Metaplanet on August 12, sparking speculation over the company's treasury strategy. The movement occurred while the asset traded near $63,600, leaving the firm’s massive holdings significantly underwater compared to estimated acquisition costs.
Erebor Bank eyes $9.5B valuation in massive funding push
Columbus-based Erebor Bank is closing in on a $1.5 billion capital raise at an $8 billion pre-money valuation. The deal, which would push the lender’s post-money valuation toward $9.5 billion, arrives just six months after the startup secured its national bank charter to serve the U.S. innovation economy.
Ravencoin Hits Record Low as Miners Race to Roll Back Exploited Chain
Ravencoin plummeted to an all-time low of $0.002754 this week after a consensus flaw forced major mining pools to initiate a massive chain reorganization. The technical failure, which began on August 7, leaves three days of network transactions vulnerable to reversal as developers scramble to restore stability.
Ripple extends academic blockchain partnership with NYU Abu Dhabi
Ripple has committed to funding New York University Abu Dhabi’s blockchain research program through 2027, deepening a partnership that has already funneled over $1 million into academic projects. The collaboration links global fintech development with localized initiatives, including a blockchain-based trade platform for smallholder farmers in Ghana.
Harmony scrambles to freeze funds following massive unauthorized mint
A suspected security breach on the Harmony Layer 1 network has triggered a sharp market sell-off, with analysts reporting the unauthorized creation of four billion ONE tokens. As the project scrambles to coordinate with cryptocurrency exchanges to freeze assets, the token's value has plummeted by roughly 32 percent.
Binance Places GLMR, ICX, MOVR, RARE and SOPH Under Monitoring
Five digital assets face heightened scrutiny after Binance added them to its Monitoring Tag list on August 11. The exchange signaled that Moonbeam, ICON, Moonriver, SuperRare and Sophon now represent increased volatility risks, leaving them vulnerable to potential delisting if they fail to meet ongoing compliance and performance standards.
CFTC Intervenes in Kalshi’s $36 Billion Legal Battle with New York
The Commodity Futures Trading Commission has invoked emergency federal authority to mandate that prediction market Kalshi continue operations, directly countering a legal offensive from New York State. The agency warns that New York’s attempt to shutter the exchange under local gambling laws threatens to destabilize federally regulated derivatives markets.
OCC Reopens Doors for Digital Asset Bank Charters
Comptroller Jonathan V. Gould confirmed that digital asset firms with compliant business models now have a clear path into the U.S. national banking system. Following a surge of 40 de novo applications over the past 18 months, the agency is actively pushing to reverse a long-standing decline in new bank formation.
Nasdaq moves to acquire LeveL Markets in push for 24-hour trading
Nasdaq has agreed to acquire LeveL Markets, the third-largest U.S. alternative trading system by volume, marking a strategic pivot toward continuous market operations. The deal strengthens the exchange’s footprint in off-exchange liquidity as it prepares to launch a 23-hour weekday trading schedule this December.
MoneyGram Connects Solana to Global Cash Network
Solana users can now convert digital assets into physical currency across 170 countries, following MoneyGram’s integration of its Ramps service into the blockchain’s developer platform. This move grants wallet providers and developers immediate access to a vast retail network, bypassing the need for complex, individual banking partnerships.
Goliath Ventures Founder Faces Parallel SEC and CFTC Enforcement Actions
Christopher Delgado, the founder of Goliath Ventures, faces simultaneous civil lawsuits from the SEC and CFTC just months after pleading guilty to federal criminal charges. The regulators allege that Delgado orchestrated a massive scheme, siphoning millions from thousands of investors to fund a lavish lifestyle of yachts and luxury vehicles.
Coinbase secures Abu Dhabi license to build global tokenization hub
Coinbase has received regulatory approval from the Abu Dhabi Global Market to arrange investment deals and provide custody services for tokenized securities. The exchange intends to use the emirate as its primary international base for issuing digital assets that grant holders direct shareholder rights, including dividends and voting capabilities.
Fed Officials Divided as Inflation Outweighs Weak Labor Market
Chicago Fed President Austan Goolsbee has signaled that persistent inflation remains the primary threat to the U.S. economy, distancing the central bank’s focus from recent labor market cooling. His stance highlights a deepening divide among policymakers over whether to hike rates from the current 3.50%–3.75% range.
Cole Villemain’s Spritehood NFTs Raise $1.28 Million on Robinhood Chain
Cole Villemain, the former Pudgy Penguins co-founder, generated nearly $1.28 million in under an hour by launching the Spritehood NFT collection on the recently debuted Robinhood Chain. The rapid minting process saw 42,956 tokens sold across two price tiers, though the project remains shrouded in technical opacity.
Itaú Unibanco joins major Brazilian blockchain pilot for capital markets
Itaú Unibanco, Latin America's largest bank by market value, has officially joined a collaborative pilot led by the Brazilian Financial and Capital Markets Association. The program brings together over 50 institutions to stress-test the issuance, trading, and settlement of tokenized fixed-income securities and investment funds on blockchain infrastructure.
CT3 Ramps Up Infrastructure Ahead of CT3GB Token Launch
As demand for its decentralized storage services climbs, CT3 is laying the groundwork for the public debut of its CT3GB token. The company is currently scaling its physical storage network and retooling its smart contract architecture to ensure the asset can serve as the primary settlement layer for its entire ecosystem.
Flowdesk Secures Full Broker-Dealer License in Dubai
Dubai’s Virtual Assets Regulatory Authority has granted Flowdesk Omega FZE a full broker-dealer license, clearing the firm to provide regulated crypto services to institutional and qualified investors. This milestone completes a multi-stage application process that began with in-principle approval in June 2026, solidifying the company's footprint in the emirate.
Bitwise Solana ETF Wins Bank Approval for Collateralized Borrowing
Investors holding the Bitwise Solana Staking ETF (BSOL) can now leverage their positions for cash, as an unnamed major bank has authorized borrowing against the fund at a 25% loan-to-value ratio. The move marks a significant step in integrating crypto-based assets into traditional financial lending services.
Crypto User Loses $100,000 in Address Poisoning Scam
A crypto user lost 100,000 USDT after falling victim to an address poisoning attack, a sophisticated deception where scammers plant lookalike wallet addresses in a user's transaction history. The incident highlights the persistent danger of relying on partial address strings when executing high-value blockchain transfers.
SEC Seeks Direct Control Over Consolidated Audit Trail
The U.S. Securities and Exchange Commission has launched a multi-year initiative to overhaul the Consolidated Audit Trail, moving toward direct federal oversight of the massive market surveillance system. Chair Paul Atkins signaled a transition that could reshape how the agency governs, funds, and operates the database through late 2027.
Aster Shifts Perpetual Listings to Public Staking Model
Projects seeking to launch a perpetual market on the Aster exchange must now stake 1 million ASTER for four years, moving away from the private negotiation model that has long defined the sector. The new standard, AOS-2, mandates a validator-led approval process to determine which assets gain entry.
Strategy CEO Eyes Bitcoin Accumulation Return in 2026
Strategy CEO Phong Le plans to resume Bitcoin accumulation by the end of 2026, pivoting back to growth after a series of recent sales. The company currently holds 840,447 BTC, having liquidated 3,328 coins over two reporting periods to bolster its US dollar reserves and repurchase preferred stock.