Web3 News

South Korean Exchange Bithumb Targets 2028 IPO. The exchange plans to seek listing review in 2027 after adopting international accounting standards. Coldcard exploit sparks Bitcoin flight, consolidation. A hardware wallet exploit caused significant Bitcoin losses and impacted market sentiment. Bithumb Aims for 2028 Stock Market Debut. The exchange is preparing for a 2027 listing review and improving its systems.

Coldcard Bitcoin exploit losses near $89 million. Attackers exploited a hardware wallet flaw, draining over 1,300 Bitcoin from thousands of addresses. Russian decree bans crypto mining Moscow region. A regional ban prohibits crypto mining until 2032 due to energy consumption concerns. Kalshi, Polymarket Trading Volume Hit Record in July. Combined trading volume for Kalshi and Polymarket exceeded $50 billion in July.

Bitcoin cold-wallet attack losses near $89 million. Attackers targeted thousands of addresses with weak keys, draining funds. Senate Summer Break Looms for Crypto Legislation. With the Senate's summer break approaching, crypto regulation faces a tight deadline for action. MicroStrategy Buys Bitcoin After Five-Week Pause. MicroStrategy resumed Bitcoin purchases after a five-week break, holding over 843,000 BTC.

Coldcard wallet exploit losses reach $38 million. A software bug in a popular hardware wallet led to the theft of nearly 600 bitcoin. Ex-FTX users report $900 million distribution round. Creditors of the defunct crypto exchange are beginning to receive reimbursements for their losses. Tether reports $1.5 billion Q2 profit. The stablecoin issuer's assets include U.S. Treasuries and over 146 metric tons of gold.

Iran-linked exchange sent $676 million to Binance. Dubai-based Shelbit processed over $4 billion, allegedly evading sanctions through a network tied to Iranian entities. STRC dividend remains at 12%. The STRC dividend was kept at 12% this month, unlike previous adjustments. Crypto Legal Cases Update: FTX, Polymarket, Trading Fines. FTX case progresses, soldier disputes Polymarket bet, and ex-congressman fined for trading manipulation.

Tether reports $1.5B profit, gold holdings increase. The world's largest stablecoin issuer saw significant profit and expanded its gold reserves. FTX users report $900M distribution round. Creditors of the defunct exchange are beginning to receive reimbursements for their losses. US Treasury sanctions Iranian firms accepting Bitcoin. Two Iranian companies were sanctioned for accepting digital assets for passage fees.

Tether reports $1.5B profit, gold holdings rise. The stablecoin issuer's latest financial report shows significant profits and increased gold reserves. Ex-FTX users report funds released in $900M distribution. Creditors of the defunct exchange are receiving partial reimbursements for their losses. US Treasury sanctions Iranian firms for Bitcoin payments. Government action targets entities using digital assets to evade sanctions.

Circle gets New York trust charter. Stablecoin issuer Circle expands regulatory footprint with a new state trust charter. Bitcoin ends July with gains, August outlook uncertain. Bitcoin's price held steady in July, but August may bring volatility due to economic concerns. Google Earth AI Image Tool Removed After One Day. Google disabled its AI image generator due to concerns about creating fake satellite images.

Tether reports $1.5 billion operating profit in Q2. The stablecoin issuer added gold and bitcoin to its reserves during the second quarter. Circle secures New York trust charter. The stablecoin issuer received a state charter, adding to federal oversight. Bybit adds tokenized stocks as collateral. Users can now use tokenized shares of major companies for trading and lending.

Coinbase misses earnings as crypto trading slows. The exchange reported a net loss and lower revenue due to reduced trading activity. US sanctions Iran-linked bitcoin insurance scheme. The Treasury Department targeted a platform using digital assets to bypass sanctions. BIS project settles $1 million in tokenized payments. Central banks and financial institutions tested cross-border settlements using tokenized reserves.

Treasury Secretary urges vote on crypto market bill. Scott Bessent asked the Senate to pass the crypto bill, criticizing delays. Tokenized assets firm weighs acquisition up to $500 million. Ondo Finance is considering a deal valued between $250 million and $500 million. Bhutan taps firm to manage Bitcoin treasury. 3iQ will manage part of Gelephu's Bitcoin treasury for a digital asset hub.

Aviva Investors launches tokenized fund after regulator approval.. New fund offers blockchain-based access to a regulated liquidity fund for investors. Global banks test tokenized money for cross-border payments.. Twenty-eight banks moved real money across borders in a blockchain settlement pilot. Institutional crypto trading hits record 72% share.. Institutions now dominate trading, reducing volatility and driving tokenized asset growth.

Bitcoin ETF inflows return as Ether funds outflow. US spot Bitcoin ETFs saw inflows while Ether funds experienced outflows. US arbitration giant launches crypto dispute panel. The American Arbitration Association created a specialist panel for blockchain disputes. Telegram faces Australian terror content fine. Australia may fine Telegram up to $38 million for not removing terror content.

US prosecutors propose changes to crypto bill. Proposed changes to the CLARITY Act signal continued legislative debate and potential conflict. Binance launches gold, silver options on Abu Dhabi exchange. New commodity options provide exposure to precious metals prices via a regulated platform. MoonPay vault enables AI users to authorize crypto transactions. AI assistants can now initiate and approve crypto payments and swaps for users.

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Visa CEO sidesteps stablecoin competition labels. Payment giant will remain multi-coin, multi-chain, not picking winners among stablecoins. BNY to bring transfer agency records onchain. Bank launches blockchain platform for core financial records and digital assets. US regulator ready to provide crypto rules if bill falters. Securities regulator will offer crypto guidance if legislative efforts stall.

Hungary repeals crypto checks, grants first MiCA license. Hungary removed mandatory crypto checks as CoinCash received authorization under MiCA. South Korea plans stablecoin rules, tax repeal pushed. South Korea plans stablecoin rules as lawmakers seek to repeal crypto tax. Binance offers gold and silver options. The exchange adds commodity options after strong uptake for gold and silver futures.

Tether signs tokenization deal with Nairobi exchange. Agreement covers tokenized securities and potential use of USDT for settlement. Wall Street giants back crypto market structure bill. Major financial firms endorse the Clarity Act, impacting digital asset regulation. European financial institutions launch cooperative blockchain. Ten institutions create RL1 network for financial services.

Morgan Stanley offers Ethereum and Solana exchange-traded products.. The bank expands its digital asset strategy by launching new investment products. Russia outlines digital depository rules for crypto platforms.. New draft rules require platforms to hold significant liquid capital before a framework rolls out. 1inch launches shared liquidity layer for DeFi.. A new protocol aims to improve decentralized finance liquidity across 13 chains.

Lido upgrade to reduce Ethereum validator count. Lido's new upgrade could decrease Ethereum's validator count by one-third. Myanmar approves death penalty for scam labor. Myanmar will impose the death penalty for forced scam labor and life for crypto fraud. PayPal Reports Q2 Results, Stablecoin Use Grows. PayPal's Q2 revenue was $8.68 billion, with stablecoin use increasing.