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Family Offices Pivot to Outsourcing for Specialized Expertise
Managing a combined $119.37 billion in assets, family offices are increasingly shedding in-house operations in favor of third-party specialists. A new survey of 200 institutions across 16 countries reveals that 77 percent of firms intend to ramp up external support to navigate complex investment landscapes and heightened security threats.
HSBC Private Bank Maintains Bullish Stance on US Equities and Dollar
Despite a recent sharp sell-off in semiconductor stocks and persistent geopolitical volatility, HSBC’s private banking division is holding firm on its core strategy. The firm remains overweight on US equities and bullish on the dollar, citing resilient economic growth and the enduring competitive advantage of American artificial intelligence leadership.
Coldcard security breach fuels debate over Bitcoin ETF custody
Following the loss of approximately $88.6 million in Bitcoin linked to a firmware vulnerability in Coldcard wallets, Bloomberg Intelligence analyst Eric Balchunas argued that institutional custody funds offer a safer alternative for investors who prioritize long-term price exposure over the technical complexities of self-custody.
Outcry Intensifies After US Strike Kills Family in Qeshm
A 2,000-pound bomb struck a residential home on Qeshm Island, killing a father, mother, and their two-year-old son. The attack has drawn sharp condemnation from legal experts and human rights advocates, who argue that the use of such heavy munitions in a civilian area constitutes a clear violation of international law.
US-Supplied Munitions Identified in Beirut Strike on Hezbollah Leader
Weaponry analysis of recent Israeli airstrikes in Beirut confirms the use of U.S.-manufactured 2,000-pound bombs. The barrage, which targeted Hezbollah leader Hassan Nasrallah, leveled multiple residential apartment buildings and left a landscape of destruction that officials describe as unprecedented in scale for a single-target operation.
Minnesota Fails to Block Prediction Markets in Federal Clash
A federal judge has stalled Minnesota's attempt to ban prediction markets, granting a preliminary injunction to Kalshi and Polymarket. U.S. District Judge Katherine Menendez ruled that the state’s new law likely conflicts with Commodity Futures Trading Commission authority, leaving the platforms free to operate while legal battles continue in court.
Trump Media Wallets Shift 2,628 BTC to Crypto.com Exchange
A transaction involving 2,628 Bitcoin, valued at approximately $165 million, moved from wallets linked to Trump Media to the Crypto.com exchange on August 2. While on-chain analysts suggest the transfer signals a significant liquidation, the company has not yet provided official confirmation of a sale through SEC filings.
BIP-110 fails to reach voluntary miner support threshold
Bitcoin Improvement Proposal 110 has fallen short of the 55% voluntary miner support required for its current difficulty period. With only 28 signaling blocks recorded out of 1,108, Strategy Executive Chairman Michael Saylor declared the threshold mathematically unreachable, dismissing the current participation as insufficient for genuine network consensus.
BNB Chain Pursues Ex-Employee Over $628,000 Memecoin Scheme
A former BNB Chain employee allegedly leveraged unauthorized access to a company-generated seed phrase to execute a lucrative memecoin pump-and-dump scheme. The network confirmed it is pursuing legal action after the individual reportedly used the credentials to harvest $628,000 in profits from a token launch.
Crypto PAC spending hits $2 million in Michigan House primary
A surge of late-stage advertising has pushed total independent expenditures by the crypto-aligned super PAC Protect Progress past $2 million in Michigan’s 13th Congressional District. The spending spree, concentrated in the final two weeks of the race, aims to secure a win for Democratic incumbent Shri Thanedar over challenger Donavan McKinney.
Coldcard Firmware Flaw Leads to $88.6 Million in Bitcoin Losses
A series of systematic exploits targeting a vulnerability in Coldcard hardware wallets has drained 1,367.05 BTC, according to updated data from Galaxy Research. The losses, spanning 4,585 distinct addresses, highlight a critical flaw in seed generation that allowed attackers to predict and sweep user funds across three distinct waves.
Russia Extends Crypto Mining Ban to Moscow and Kursk Regions
Starting August 15, cryptocurrency mining and participation in mining pools will be prohibited across Moscow, the Moscow Region, and specific districts of the Kursk Region. Prime Minister Mikhail Mishustin signed the government resolution to mitigate grid strain, with the ban remaining in effect until December 31, 2032.
Minnesota Enforces Total Ban on Crypto ATMs Following Scam Surge
Nearly $1 million in reported losses from 134 scam cases pushed Minnesota officials to pull the plug on virtual currency kiosks. Effective August 1, 2026, the new law mandates that operators cease all transactions immediately, with a final deadline of December 31 to physically remove the machines from public spaces.
Decentralized exchanges capture 24% of centralized spot volume
Decentralized exchange spot trading climbed to approximately 24% of centralized exchange volume in July 2026, marking the highest ratio recorded in The Block’s current tracking series since its inception in 2019. This surge reflects a broader shift toward onchain markets for memecoins and assets absent from large centralized platforms.
South Korean Investors Shift Billions to Overseas Crypto Platforms
South Korean crypto investors moved 560.3 billion won, roughly $367 million, to foreign exchanges in June, marking the 18th consecutive month of net stablecoin outflows. Data from the Financial Supervisory Service confirms that domestic users are increasingly bypassing local platforms to access international derivative and decentralized finance markets.
Trump Claims He Halted Iran Strikes, Experts Call It Political Theater
President Donald Trump announced on Truth Social that he canceled planned military strikes on Iran, citing progress in negotiations and requests from regional leaders. Foreign policy experts, however, are dismissing the claim as a performative attempt to project control amid a stagnant and increasingly unpopular conflict.
Trump threatens to bypass Senate on Blanche nomination
President Donald Trump signaled Saturday he is prepared to maintain Todd Blanche as acting attorney general indefinitely, escalating a standoff with GOP senators who are blocking the nominee over a controversial $1.776 billion legal settlement fund.
DOJ Drops Vandalism Case Against Olympian Over Reflecting Pool Damage
The U.S. Department of Justice has dropped its criminal case against Olympic canoeist David Hearn, who was previously accused of vandalizing the Lincoln Memorial Reflecting Pool. The sudden dismissal follows admissions that the pool's damage stemmed from flawed contractor installation rather than the alleged actions of individuals.
Bitget Overhauls BGBTC with Daily Yield and Chainlink Integration
Bitget has introduced a major upgrade to its BGBTC asset, pivoting from a static Bitcoin-backed token to a yield-bearing instrument. The platform now offers daily rewards denominated in BTC, alongside cross-chain capabilities via Chainlink’s CCIP and independent risk oversight provided by the quantitative firm Gauntlet.
SpaceX Shares Teeter at $107 Ahead of Earnings and Massive Share Unlock
SpaceX stock is hovering near a record low, closing at $108 on July 31 as the company faces a high-stakes week. Investors are bracing for a double-fronted challenge: the firm's first post-IPO quarterly earnings report on August 4 and the release of 911.5 million insider shares just two days later.
ARK Invest Adds $6.8M in Circle Shares Following New York Charter
Following Circle’s receipt of a limited-purpose trust charter from the New York Department of Financial Services, Cathie Wood’s ARK Invest acquired 109,129 shares of the stablecoin issuer. The purchase, valued at approximately $6.83 million, signals the firm’s continued confidence in Circle’s expanding regulated infrastructure despite recent market volatility.
Strategy Stock Slides as Saylor Pivots to Preferred Share Buybacks
Strategy shares fell 4.56% to $93.28 on July 31 after the company reported an $8.22 billion quarterly loss. The dip, which saw the stock briefly touch $89.21, follows a strategic shift by Executive Chairman Michael Saylor to prioritize the par value of preferred stock over immediate Bitcoin acquisitions.
South Korea Crypto Trading Volume Plunges 55% as Upbit Dominates
A 54.6% year-over-year decline in trading volume has swept through South Korea’s five major won-based crypto exchanges during the first half of 2026. As retail activity cools, liquidity is increasingly pooling into the market leader, Upbit, leaving smaller competitors struggling to retain their share of a shrinking pool.
US Treasury Escalates Crypto Crackdown on Iran via Operation Economic Fury
The US Treasury has seized nearly $1 billion in digital assets as part of Operation Economic Fury, a sweeping 2026 campaign targeting Iranian sanctions evasion. By leveraging the freeze mechanisms of centralized stablecoins, regulators are attempting to dismantle an illicit financial infrastructure that moved billions through offshore exchanges.
Moneyflip CEO faces federal charges in murder-for-hire plot
After allegedly paying undercover agents $40,000 to kidnap and execute a business rival, Moneyflip CEO Marcos Arturo Kleiman Tronllan was arrested in Miami. Federal prosecutors claim the executive, who allegedly laundered $750,000 in drug proceeds, attempted to settle a personal debt through a staged, lethal hit.
Hong Kong Woman Loses $3.3 Million in Sophisticated Romance Scam
A 50-year-old insurance professional in Hong Kong has been defrauded of approximately $3.3 million after a digital romance led her into a counterfeit cryptocurrency investment scheme. The victim was lured by a contact posing as a car dealer, who manipulated her into transferring massive sums to a fraudulent platform.
XRPL 3.3.0 Upgrade Targets Institutional Privacy and Settlement
Five proposed amendments arriving with the upcoming xrpld 3.3.0 release aim to bridge the gap between public blockchain infrastructure and the stringent requirements of global financial institutions. By introducing cryptographic privacy and atomic settlement, RippleX seeks to streamline how banks and asset managers handle tokenized real-world assets.
Debbie Wasserman Schultz Faces Backlash Over Florida District Shift
Democratic Representative Debbie Wasserman Schultz is facing a firestorm of criticism after announcing her bid for Florida’s 20th Congressional District. The move into the historically Black-represented seat, following Governor Ron DeSantis’s aggressive map redrawing, has ignited accusations of political opportunism and the marginalization of Black leadership within the party.
Cori Bush Unseated in Missouri After $8.5 Million AIPAC Spending Blitz
Representative Cori Bush lost her Missouri primary bid on Tuesday, falling to challenger Wesley Bell in a contest defined by record-breaking outside spending. The defeat follows an aggressive $8.5 million campaign by the United Democracy Project, an AIPAC-affiliated super PAC, specifically targeting the incumbent for her vocal opposition to the war in Gaza.
Ms. Rachel Faces Backlash for Humanizing Gaza's Children
Facing accusations of spreading extremist propaganda, children’s educator Rachel Griffin Accurso—widely known as Ms. Rachel—is doubling down on her advocacy for Palestinian youth. Despite intense public pressure and scrutiny from media outlets, she continues to highlight individual stories of children affected by the ongoing conflict in Gaza.