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Apple Briefly Removes Telegram Over Child Safety Policy Violations
Apple pulled Telegram from the App Store this week, citing the discovery of content that violated its strict policies against child sexual abuse material. The messaging platform was reinstated shortly after Telegram banned the account responsible for the offending content, though the brief blackout rattled the crypto market and drew fresh criticism from industry rivals.
Coinbase sets September 9 deadline for institutional Deribit migration
Coinbase will shift its International Exchange institutional accounts, balances, and open positions to Deribit on September 9. The move marks a significant consolidation of the firm’s global derivatives infrastructure following its $2.9 billion acquisition of the options exchange, forcing clients to overhaul their technical and financing setups before the cutover.
Intesa Sanpaolo pivots crypto strategy with major IBIT, ETHB adjustments
Italy’s largest banking group, Intesa Sanpaolo, significantly reshuffled its digital asset holdings in the second quarter of 2026, cutting its stake in BlackRock’s iShares Bitcoin Trust (IBIT) by nearly 94% while simultaneously tripling its investment in the iShares Staked Ethereum Trust (ETHB).
Lawson expands stablecoin pilot to include USDC and USDT in Tokyo
Japanese convenience store operator Lawson is scaling its retail payment experiment by integrating USDC, USDT, and JPYC into its existing checkout infrastructure. By bypassing the need for dedicated hardware, the retailer aims to process digital asset transactions directly through standard point-of-sale registers at two Tokyo locations this month.
Trump Administration Moves to Roll Back Arctic Drilling Safety Rules
The Trump administration has proposed sweeping changes to Obama-era safety regulations governing offshore drilling in the Arctic, a move officials describe as a necessary reduction of industry burdens but which environmental advocates warn creates a clear path to environmental disaster in one of the planet's most fragile ecosystems.
Trump Taps North Dakota Governor Doug Burgum for Interior Secretary
President-elect Donald Trump has selected North Dakota Governor Doug Burgum to lead the Interior Department, placing a vocal fossil fuel proponent in charge of hundreds of millions of acres of federal land and water. The appointment signals a aggressive shift toward deregulation and expanded drilling on public territory.
Nigeria Mandates Crypto Tax Withholding for Exchanges and P2P Platforms
Nigeria’s revenue authority has unveiled a rigorous tax framework for digital assets, shifting the burden of collection onto exchanges and peer-to-peer marketplaces. Under the new rules effective this August, platforms are now required to withhold levies directly from transactions, marking a significant escalation in the government's oversight of virtual currency activity.
Mother Accuses ICE Contractor of Negligence After Son's Death
María Cornejo is demanding accountability after her 41-year-old son, Edwin Jovanny López Cornejo, became the second person to die at the GEO Group-run Delaney Hall detention center in Newark. She suspects the facility failed to provide her son with essential medication for his diabetes, seizures, and high blood pressure.
Private Prison Giant GEO Group Posts Record Profits Amid ICE Expansion
The GEO Group reported a record $254 million profit last year, marking a 700% surge fueled by new contracts with the Trump administration. As the company scales its detention capacity to support mass deportation campaigns, it faces mounting scrutiny over custodial deaths, allegations of abuse, and a lack of federal oversight.
George Santos Banned From Trading After CFTC Market Manipulation Probe
Former U.S. Representative George Santos has agreed to pay over $35,000 and accept a three-year trading ban following a Commodity Futures Trading Commission investigation into his activity on the prediction platform Kalshi, where he allegedly manipulated market prices regarding his attendance at the State of the Union address.
South Korea Pushes Ahead With 22% Cryptocurrency Tax for 2027
South Korea has finalized its 2026 tax reform package, omitting any further delays for the long-debated levy on digital assets. Starting January 1, 2027, investors will face a 22% tax on annual cryptocurrency gains exceeding 2.5 million won, marking the end of a multi-year cycle of repeated postponements.
Jump Capital Closes $350M Fund to Target Enterprise AI Infrastructure
Jump Capital has secured $350 million for its eighth institutional fund, shifting its focus toward the technical foundations of artificial intelligence. The firm intends to back startups that are rebuilding enterprise software, securing autonomous workflows, and constructing the production-ready infrastructure necessary to move AI beyond the experimental phase.
South Korea Crypto Exchanges Expand Offerings with Four New Markets
South Korea’s leading cryptocurrency exchanges, Upbit and Bithumb, opened four new trading markets on August 4, granting local retail investors direct access to the HOME, META2, and USDG tokens. The simultaneous listings highlight a concentrated effort to capture interest in cross-chain DeFi platforms, futarchy governance protocols, and stablecoin assets.
Coldcard Security Breach Losses Estimated at $130 Million
A vulnerability in Coldcard hardware wallets has resulted in the confirmed theft of 1,596 Bitcoin, with total losses projected to reach 2,055 BTC—roughly $130 million—if a suspected fourth wave of attacks is verified by investigators tracking the movement of stolen assets across the blockchain.
BitGo Launches Centralized Control Layer for Institutional Crypto Assets
Institutional trading and treasury teams can now manage capital across disparate platforms through a single interface, as BitGo Holdings officially launched BitGo Link on August 3. The new product aims to eliminate the friction of navigating multiple exchange accounts by consolidating custody, reporting, and transfer controls into one dashboard.
HSBC Profits Surge as Wealth Division Drives Asia Growth
HSBC posted a 23 per cent jump in pre-tax profit to $19.5 billion for the first half of 2026, bolstered by a significant influx of new wealth management assets in Asia. The banking group reported total revenues of $37.7 billion, an 11 per cent increase fueled by heightened customer activity and fee income.
Treasury loses lead crypto adviser as CLARITY Act stalls in Senate
Tyler Williams, a senior digital asset adviser to Treasury Secretary Scott Bessent, exited the department on July 31. His departure comes at a precarious moment for the CLARITY Act, as Senate leaders prioritize government funding legislation over the administration’s flagship proposal to establish a federal framework for crypto markets.
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Lombard Odier Taps Former UBS Executive to Lead Turkish Expansion
Lombard Odier has appointed Tuncay Yilmaz as market head of Turkey to accelerate its wealth management presence in the region. Yilmaz, who joins from a 12-year tenure at UBS, will oversee operations from Geneva, reporting to head of New Markets Ali Janoudi effective August 3.
Firenze Expands Lombard Lending Access Through AJ Bell Partnership
UK investment platform AJ Bell has integrated Firenze’s asset-backed lending services, enabling financial advisors to offer clients liquidity against their portfolios without the necessity of liquidating assets or maintaining accounts at private banks. This move marks a significant shift in how Lombard lending reaches the broader investor market.
Souvik Sen Tapped to Lead Ocorian Private Client Growth in Dubai
Operating from the Dubai International Financial Centre, Souvik Sen has been appointed commercial director for Ocorian’s private client division in the Middle East. Tasked with driving regional expansion, Sen brings extensive experience in capital raising and high-net-worth wealth management to the global financial services firm.
Liechtenstein Beneficial Ownership Register Targeted in Cyber Attack
Copies of data regarding 31,000 legal entities were exfiltrated during a cyber attack on Liechtenstein’s Register of Beneficial Owners. The government has taken the system offline to assess the breach, though officials report no evidence that registry records were modified or deleted during the unauthorized access.
Boltz suspends swap operations following persistent AI-driven attacks
The noncustodial Bitcoin swap provider Boltz halted all services indefinitely on August 3, citing an escalating wave of automated, AI-assisted security breaches. The firm claims attackers are currently refining their methods faster than its development team can deploy defensive patches, forcing a complete shutdown of its infrastructure.
NEAR Protocol Eyes Sovereign Fund to Curb Inflation
NEAR Protocol co-founder Illia Polosukhin has proposed establishing a sovereign treasury backed by 30 million tokens, valued at approximately $57 million. The initiative aims to shift the network away from simple token burns, instead leveraging protocol revenue to generate yields that fund public goods and network security.
POAP Shuts Down After Five Years of Digital Badge Issuance
After five years of documenting digital history through blockchain-based attendance badges, Proof of Attendance Protocol (POAP) is ceasing operations. Co-founder Isabel Gonzalez confirmed the wind-down on August 3, citing an inability to build a sustainable business model without compromising the project’s original ethos and community-driven mission.
Kalshi CEO invokes Nasdaq defense in $36B New York legal battle
New York state is seeking at least $36 billion in damages and penalties from prediction market operator Kalshi, alleging the firm functions as an unlicensed gambling platform. In response, CEO Tarek Mansour has moved the case to federal court, framing the company’s operations as a financial exchange akin to Nasdaq.
Blockchain Association pushes back against sheriffs over CLARITY Act
Conflict persists over the CLARITY Act as the Blockchain Association challenges claims from the National Sheriffs’ Association that the bill creates dangerous loopholes for digital asset criminals. The industry group argues that the proposed legislation successfully balances developer protections with necessary oversight of financial intermediaries.
Trump Floats US Takeover of Gaza Following Mass Displacement
U.S. President Donald Trump declared Tuesday that the United States intends to take control of the Gaza Strip, framing the plan as a redevelopment project that requires the removal of the enclave's entire Palestinian population. The proposal has drawn immediate condemnation, with critics labeling the rhetoric an explicit endorsement of ethnic cleansing.
Israeli Soldiers Reportedly Using Palestinians as Human Shields in Gaza
Israeli forces have systematically employed Palestinian civilians as human shields during the 19-month war in Gaza, according to accounts from soldiers and victims. The practice, which violates international humanitarian law, involves using detainees to clear booby-trapped buildings and scout locations before military units advance.
Netanyahu Faces Accusations of Genocidal Intent Over Biblical Reference
Human rights defenders are condemning Prime Minister Benjamin Netanyahu after he invoked the biblical story of Amalek to describe Israel’s military campaign in Gaza. By framing the invasion as a “holy mission” to destroy an ancient enemy, critics argue the leader has signaled a clear intent to commit genocide.
Human Rights Watch: Israel Ignoring ICJ Order to Allow Aid into Gaza
One month after the International Court of Justice ordered Israel to prevent acts of genocide and facilitate aid to Gaza, humanitarian access has plummeted. Human Rights Watch reported Monday that the daily average of aid trucks entering the enclave dropped by more than a third following the court's binding interim ruling.