The National Fraternal Order of Police has reversed its stance, officially endorsing the Digital Asset Market Clarity Act. The union, representing over 382,000 members, confirmed its support after receiving assurances that the legislation preserves the investigative powers of law enforcement agencies to pursue illicit financial activity involving digital assets.
A 12% quarterly market contraction has left crypto investors in a holding pattern, as early signs of Bitcoin accumulation collide with hawkish Federal Reserve policy and waning ETF demand. Coinbase Institutional and Glassnode remain neutral for Q3, warning that liquidity constraints currently outweigh the signals of a market bottom.
Senate Majority Leader John Thune has effectively shelved the CLARITY Act until after the August recess, effectively killing the bill’s chances of a swift summer passage. With the legislative calendar narrowing, market confidence has cratered, leaving crypto industry proponents facing a difficult path through the post-election session.
The World Foundation has raised $52.5 million through a strategic sale of WLD tokens, marking another significant capital injection to accelerate the expansion of its proof-of-human identity network. All tokens purchased in this round are subject to a one-year lockup period as the project shifts toward enterprise-scale adoption.
The operating company behind the Odos Protocol has announced a permanent closure of its decentralized exchange aggregator, mandating that all users withdraw their assets by July 30. While the firm is winding down, it confirmed that the Odos DAO will continue to function independently alongside the existing onchain token.
The European Union has placed the crypto exchange HTX on its latest sanctions list, citing evidence that the platform facilitates financial bypasses for Russian users. While the move stops short of an asset freeze, it subjects the exchange to stringent transaction controls alongside 17 other targeted digital asset firms.
Thailand’s Securities and Exchange Commission has launched a criminal complaint against Bitkub Online and two former directors, alleging the exchange filed misleading regulatory reports following a 2021 cyberattack. The regulator claims the firm obscured the loss of 1.7 billion baht in digital assets to maintain an appearance of financial stability.
Bitfinex has secured a Digital Asset Service Provider licence in El Salvador, finalizing a comprehensive regulatory framework that covers spot trading, crypto derivatives, and tokenized securities. This milestone solidifies the country’s role as the exchange’s primary hub for its Latin American capital markets strategy.
Ten dairy cows, each carrying a unique digital identity, have become the collateral for a 100,000 Brazilian real loan. This transaction, registered on the B3 exchange, marks a shift in agricultural finance by using real-time behavioral data from smart collars to secure credit notes instead of traditional physical inspections.
The South Korean exchange Upbit lifted its trading warning on Taiko (TAIKO) on July 24, concluding a 32-day review process sparked by a June security breach. The decision allows for the restoration of deposit services across the TAIKO/KRW, TAIKO/BTC, and TAIKO/USDT markets as network operations stabilize.
Samsung Electronics is transforming its mobile wallet into a hub for blockchain-based value transfers, announcing plans to integrate stablecoin support directly into its platform. While the company confirmed the strategic shift during its Galaxy Unpacked event, it has yet to finalize the technical roadmap or specific asset partnerships.
The Bank of the Philippine Islands is testing a stablecoin-based settlement system to streamline international remittances for freelancers and remote workers. By leveraging blockchain rails for backend clearing, the Ayala-led lender aims to slash transfer times and costs while depositing final funds directly into customer accounts as Philippine pesos.
Institutional investors can now access proof-of-stake networks without forfeiting asset custody under a new partnership between HashKey Cloud and BitGo. By integrating validator infrastructure directly with BitGo’s security framework, the firms aim to eliminate the need for clients to move assets into external wallets to earn network rewards.
Starting August 25, Belarusian nationals and residents will be prohibited from owning, controlling, or holding governance positions within crypto-asset service providers regulated by the European Union. This expansion of existing sanctions targets the full spectrum of services defined under the bloc’s Markets in Crypto-Assets (MiCA) framework.
South Korea’s financial giant Mirae Asset has officially rebranded the cryptocurrency exchange Korbit as Digital X. This pivot follows the completion of an acquisition that saw Mirae Asset Consulting secure a 97.15% controlling stake, marking the first time a traditional domestic financial group has fully absorbed a major digital asset platform.
The operating company behind Odos, a prominent decentralized exchange aggregator, announced it will permanently cease all services on July 30, 2026. While the platform’s underlying smart contracts and the associated ODOS token remain on-chain, the team behind the development and maintenance of the interface is winding down operations.
An attacker exploited a flaw in Lien Finance’s bond token exchange logic to mint unsupported assets and drain liquidity, resulting in a loss of approximately $542,144 in USDC. Security researchers identified the incident as a failure in protocol pricing and validation rather than a conventional smart contract breach.
Bitcoin gained 4.16% this week, pushing total crypto capitalization to $2.22 trillion as the asset class decoupled from stagnant U.S. equities. While market sentiment improved, the sector faced fresh volatility triggered by high-profile bridge exploits and the looming shutdown of the long-standing derivatives exchange BitMEX.
After three months of total silence, a wallet linked to the $285 million Drift Protocol hack has surged into action. The attacker funneled 23,095 Ether into the Tornado Cash mixer, effectively obscuring the trail of a theft that continues to challenge independent investigators and blockchain security firms alike.
Shanghai-based Zhibao Technology has entered a non-binding agreement to secure approximately 3,500 Bitcoin, valued at roughly $220 million, through a private investment in public equity (PIPE) financing. If finalized, the deal would see investors issue Bitcoin directly for company shares, fundamentally shifting both the firm's balance sheet and board composition.
Abu Dhabi’s sovereign wealth fund arm, Mubadala Capital, has brought a $75 million private market strategy onchain. By partnering with infrastructure provider KAIO, the firm is offering tokenized access to its Alternative Solutions Fund across the Solana, Base, and Sui networks for qualified institutional and accredited investors.
Facing $173 million in debt, Singapore-based bitcoin mining giant Poolin has filed for Chapter 11 bankruptcy in New Jersey. The company aims to offload its West Texas infrastructure through a court-supervised auction, with stalking-horse bids already reaching $52 million from Thor CALAP LLC for its Pyote and Tarbush facilities.
Ripple has launched Ripple Mint and secured a strategic investment in compliance firm Notabene to bolster institutional adoption of its RLUSD stablecoin. While the token’s holder base has grown by 6%, these infrastructure upgrades arrive as monthly transfer volumes cooled by 25% to approximately $10.95 billion in July.
Institutional capital is moving toward a multichain future as LayerZero and Keeta unveil plans to bring tokenized commercial bank deposits to Ethereum, Solana, and Base. By utilizing LayerZero’s omnichain infrastructure, the initiative aims to facilitate the transfer of bank-grade digital assets across public blockchains for global settlement and treasury operations.
Institutional market maker Flow Traders has initiated a pilot program to borrow stablecoins using a novel onchain credit strategy, effectively decoupling the borrowing entity from the collateral provider. The model leverages Bitcoin Earn deposits to secure loans, offering yield to depositors while providing institutional firms access to decentralized capital.
The Industrial and Commercial Bank of China has processed a 10 million yuan import shipping payment to Singapore using the updated Digital Currency Express platform. This transaction marks a significant milestone in Beijing’s strategy to bypass conventional international banking intermediaries and shorten settlement times for cross-border trade.
A proposed class action filed in the U.S. District Court for the Southern District of New York accuses BitMEX of engineering forced liquidations to retain hundreds of Bitcoin. The legal challenge emerged on the same day the derivatives exchange announced it would cease all operations by late September.
A coalition of nine major firms, including BlackRock, Coinbase, and MicroStrategy, has launched the Bitcoin Security Consortium to finance long-term network protection. The group aims to dedicate $15 million over three years to research, specifically targeting post-quantum cryptography to guard against hypothetical future computing breakthroughs.
The U.S. Securities and Exchange Commission is set to host a public roundtable on September 17 to address the technical and regulatory hurdles of moving toward 24-hour equity trading. The agency aims to evaluate infrastructure requirements and investor safeguards as major exchanges push to extend traditional market hours.
Two Bitcoin contributions totaling $10 million were wired to MAGA Inc. by Gemini Trust Company on June 19, according to Federal Election Commission filings. The massive donation to the pro-Trump super PAC occurred just three weeks after the exchange and the CFTC jointly moved to vacate a 2025 consent order.
