South Korea’s 22% Crypto Tax Crashes Trading Volume
South Korea implemented a 22% cryptocurrency tax beginning in 2027 while trading volume on its five major exchanges declined nearly 55% during the first half of the year. The tax rate applies to crypto gains classified as other income under the country's tax system.
3iQ Corp Named Institutional Manager of Bhutan’s Bitcoin Reserves
3iQ Corp, a Toronto-based firm, was appointed to manage Gelephu Mindfulness City's Bitcoin reserves as its first institutional treasury manager. The appointment represents a transition from passive Bitcoin accumulation to active management of the digital asset holdings.
XRP Ledger upgrade brings back features once pulled over critical bugs
The xrpld 3.3.0 release includes five proposed amendments with two revised features previously withdrawn due to bugs allowing unauthorized transactions or fee draining. The upgrade is expected next week and restores functionality that had been removed following critical security vulnerabilities discovered by researchers.
3 Earnings Misses Later, Wall Street Will Not Give Up on Coinbase Stock
Coinbase missed earnings expectations for the third consecutive time, prompting analysts to lower their stock price targets. Despite the misses, most analysts maintained buy ratings and continue recommending the stock to clients.
BlackRock Bitcoin Buying Rebounds as ETF Investors Sit 22% Underwater
BlackRock clients purchased $273 million in Bitcoin over two days as the cryptocurrency declined. Average US spot Bitcoin ETF investors currently face losses of 22% on their positions.
Coinkite Releases Fixed Firmware After Coldcard Bug; AI Likely Involved In The Breach
A latent bug in Coinkite's Coldcard firmware was discovered, prompting the release of a fixed version. The vulnerability was likely identified using AI-assisted code review tools that can detect security issues faster than experienced human experts.
Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs
A software bug in Coldcard hardware wallets enabled the theft of nearly 600 bitcoin valued at approximately $38 million. The incident has raised concerns about self-custody security and whether individual investors should instead use bitcoin ETFs to manage their assets.
Bitcoin Whales Scooped 40,100 BTC Worth $2.6 Billion in Nine Days
Large Bitcoin wallets accumulated 40,100 BTC worth $2.6 billion over nine days beginning in late July. This buying preceded a $233 million institutional inflow that arrived days later.
Tether Made $1.5 Billion in Q2 and Its Reserve Cushion Still Halved
Tether generated $1.5 billion in revenue during Q2 while its excess reserves fell to $4.11 billion from $8.23 billion. The stablecoin issuer's cushion, verified by accounting firm BDO, decreased by half despite USDT remaining overcollateralized.
Coldcard Wallet Flaw Exposes Years of Bitcoin Seeds After $70M in BTC Stolen
A Coldcard wallet flaw exposed Bitcoin seeds accumulated over multiple years. The vulnerability led to the theft of over $70 million in Bitcoin, prompting Coldcard to recommend precautions for users.
Ripple Just Got Full MiCA Authorization in Europe But Fed’s Hawkish Tone Is Keeping XRP Capped at $1.10
Ripple received full Markets in Crypto-Assets Regulation authorization in Europe. XRP was trading at $1.0792 while facing resistance below $1.10 amid Federal Reserve rate decisions.
Tether's Former CIO Heathcote Plans to Sell Equity Stake
Richard Heathcote, Tether's former chief investment officer, plans to sell part of his equity stake in the stablecoin issuer through investment bank PJT Partners. Heathcote held the CIO position until earlier this year before beginning the sale process.
Bitcoin Miner IREN Stock Surges 30% After CEO Says Demand Outstrips Supply
IREN stock increased 30% following the CEO's statement that demand for its AI computing capacity exceeds available supply. Daniel Roberts attributed the surge to customers wanting more computational resources than the company can currently provide.
Uniswap Protocol Revenue Nearly Triples After v4 Fee Switch as UNI Tops $4
Uniswap protocol revenue nearly tripled after enabling the v4 fee switch, with approximately $325,000 daily flowing toward UNI token burns. The token gained 16% over the week as liquidity providers and competing DEX founders reported reduced earnings from the fee change.
NYSE-Listed AI Company Taps Lightning Network to Pay Employees In Bitcoin
An NYSE-listed AI company implemented the Lightning Network to pay employees their salaries in Bitcoin. The company enabled this capability after some employees requested Bitcoin compensation and found the process simpler than anticipated.
Spanish Bank Banco Santander Reveals $4.3M Bitcoin Investment
Banco Santander purchased $4.3 million in Bitcoin exposure through BlackRock's IBIT ETF. Spain's largest bank made this investment, joining other institutions acquiring Bitcoin via the same ETF product.
Ark Invest Rotates Within Crypto Equities, Adding Coinbase and Circle While Trimming Other Names
Ark Invest bought $43.5 million in Coinbase and Circle shares while selling positions in Bitmine and Bullish. The firm reallocated its crypto equity holdings during a period of sector weakness.
BNB Chain leads all chains in weekly DEX volume at $19B
BNB Chain processed 19 billion dollars in weekly decentralized exchange volume, surpassing all other blockchain networks. This represents the chain's leading position in DEX trading activity during the measured period.
Gumi and SBI launch $18.3M Bitcoin and altcoin fund as Japan warms to institutional crypto
Gumi and SBI launched an $18.3 million fund investing in Bitcoin and altcoins for institutional investors. Japan's institutional crypto adoption is increasing as regulatory frameworks develop toward potential future ETF approvals.
Samsung Profit Jumps 1,800% as AI Chip Demand Powers Record Quarter
Operating profit increased 1,800 percent year-over-year in the second quarter, driven by demand for AI memory chips. Revenue reached record levels as Samsung benefited from heightened need for semiconductor components used in artificial intelligence applications.
Morgan Stanley Unveils Lowest-Cost Ethereum (ETH) and Solana (SOL) ETFs
Morgan Stanley launched two new exchange-traded products: the Ethereum Trust trading under ticker MSSE and the Solana Trust under ticker MSOL. Both products are positioned as low-cost options for investors seeking exposure to these cryptocurrencies through NYSE Arca trading.
Robinhood Crypto Revenue Tops Estimates Despite 38% Drop, How Will Stock React?
Robinhood's second quarter cryptocurrency transaction revenue reached $100 million, exceeding analyst expectations of $86.6 million despite declining 38% year-over-year. Total net revenues increased 32% to $1.31 billion while diluted earnings per share grew 48% to $0.62.
Meta Revenue Beats, But AI Spending Crushes Profit Margins: Will the Stock Surge?
Meta's operating margin fell to 31% from 43% due to AI infrastructure spending, legal charges, and severance costs despite beating revenue expectations. The company's stock price dropped 5.06% to $556 in after-hours trading as investors reacted to higher projected capital spending.
Binance.US Reportedly Plans CFTC License Bid to Launch Prediction Markets
Binance.US plans to apply for a Commodity Futures Trading Commission license next month to operate prediction markets for US customers. CEO Stephen Gregory announced the timeline at the Rare Evo conference in Las Vegas, though no filing has yet been submitted to the agency.
Democratic Senator Backs Clarity Act — With Proposed Law Enforcement Changes Included: Report
A Democratic senator supports the Clarity Act while proposing law enforcement modifications to the legislation. Lawmakers, predominantly Democrats, continue advocating for changes to the long-delayed bill.
Banking Lobby CEO Talks Crypto Clarity Act as Senators Race To Pass Bill
A bill called the Crypto Clarity Act has faced delays due to banking lobby opposition. Senators are working to advance the legislation, which aims to clarify cryptocurrency regulatory oversight between agencies.
Crypto Long & Short: What this year's $972 million crypto hacks actually tell us about security
Most of 2026's $972 million in stolen crypto came from compromised keys, signers, and governance failures rather than contract bugs. Security audits do not guarantee safety from these types of vulnerabilities.
Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE
DCG, a crypto conglomerate, urged the Senate to pass the Clarity Act, warning that failure to do so would disadvantage the United States against Singapore and the UAE. The company stated its support for the bill in its current form.
Bitcoin (BTC) Spot Trading Volume on Course for Weakest Month Since Nearly 2 Years
Bitcoin spot trading volume in July is tracking toward its weakest performance since late 2023. K33 research indicates the slowdown represents a notably subdued trading phase for the cryptocurrency this summer.
AI Adoption Emerges as Key Factor Behind Rising Enterprise Cybersecurity Spending
Enterprise cybersecurity spending is rising with 41 percent of companies citing AI adoption as the primary reason for increased IT security funding. Kaspersky's Internal Research Center released these findings showing how rapid AI integration is reshaping corporate information security priorities.