This ruling sets a precedent for AI firms, emphasizing the necessity of obtaining licenses for copyrighted material in model training.

The post Suno loses copyright case in Germany, must license music for AI training appeared first on Crypto Briefing.

OpenAI's focus on recursive self-improvement safety highlights the growing industry emphasis on controlling AI's autonomous evolution.

The post Cooper Saye joins OpenAI to work on recursive self-improvement evaluations, signaling AI safety’s new frontier appeared first on Crypto Briefing.

The rapid market cap increase highlights the significant influence of AI investments on tech giants, potentially impacting broader risk assets.

The post Microsoft, Amazon, and Google add $1.5T in market cap in a single week appeared first on Crypto Briefing.

Apple's forecast miss highlights the tech sector's vulnerability to supply chain disruptions, potentially reshaping market leadership dynamics.

The post Apple set to lose nearly $500B in value after weak forecast, potentially ceding crown to Nvidia appeared first on Crypto Briefing.

The differing strategies of Israel and Saudi Arabia could complicate U.S. diplomatic efforts and impact regional stability and market dynamics.

The post Netanyahu urges Trump to pressure Iran, Saudi Arabia calls for de-escalation appeared first on Crypto Briefing.

Bitcoin Magazine

Younger Democrats Understand Clarity Act And Bill Should Pass, Says Coinbase’s Chief Policy Officer

The Clarity Act will likely get through despite some — older — Democrats holding it back, according to Coinbase’s Chief Policy Officer, Faryar Shirzad. 

Speaking on The Hill’s morning Rising show Friday, Shirzad said that crypto was “maybe the most bipartisan issue in Washington.” 

He added that while some lawmakers were holding back the long-awaited legislation, younger Democrats got it. 

“A lot of the opposition is generational — so it is Democrats who oppose it — but I think younger members who understand the technology, understand that money is transforming how we should engage financially, how we need to adapt, and so it’s really a generational shift,” he said. 

“I think we’ll be on the winning end of that because right now there are about 67 million Americans who own crypto,” Shirzad added. “We’ve got ethics nailed down, we’ve got nominations nailed down, we’ve got a bipartisan bill on the substance, we should be good to go.”

Lawmakers are currently mulling over the latest draft of the Clarity Act, which aims to set in stone digital asset regulation. The latest draft bans officials and their families from issuing or promoting crypto. 

A new draft started circulating this month, banning officials and their families from issuing or promoting crypto — something opposition lawmakers previously had issue with. 

But some Democrats are still unhappy with the bill in its current form. A group of Democrats last week said in a statement that the bill in its current form falls short. 

The bill has been in a deadlock this year, partially because banking chiefs raised concerns over stablecoin yield and ethics concerns. 

Banking lobbyists have said that if crypto exchanges pay attractive yields to customers, banks could lose their deposit base. 

Shirzad previously said in an interview that the bill was an “extraordinarily bipartisan” piece of work. 

If approved, the bill would set in stone crypto regulation in the world’s largest economy.

This post Younger Democrats Understand Clarity Act And Bill Should Pass, Says Coinbase’s Chief Policy Officer first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Coinkite Releases Fixed Firmware After Coldcard Bug; AI Likely Involved In The Breach

Over a thousand bitcoins are believed to have been stolen so far in a hack that started to be discussed on social media in the afternoon of July 30th. Coinkite, one of the most reputable hardware wallet manufacturers, was revealed to have a critical bug in the way it generated secure private keys for its Bitcoin hardware wallets. Industry experts believe AI was used in the breach.

Coldcard MK3 devices with firmware version 4.0.1 (March 2021) through 4.1.9 are the worst affected. 12- or 24-word seeds generated by the device that did not include user-generated dice rolls or a BIP 39 extra passphrase are vulnerable. 

Users who fit this category, who have bitcoins in an MK3 Coldcard and did not use the dice roll feature for extra entropy or the extra passphrase, should consider themselves at risk and move their coins as soon as possible from the wallets. Bitcoin Magazine technical writer Shinobi has published a guide on the topic, and Coinkite has also published a guide and advisory. 

The vulnerability was a specific line of code in the firmware, a low-level software codebase that controls the hardware. This firmware appears to be upgradable. The Coinkite advisory was updated this morning, advising users to upgrade device firmware for all three chips, MK3, MK4 and MK5 devices, including the Coldcard Q:

“Updated July 31, 2026 at 9:33 a.m. EDT: Fixed firmware is now available. Mk4 and Mk5 users must update to version 5.6.0 or later. Q users must update to version 1.5.0Q or later. For Mk3, update to version 4.2.0 or later.”

Coinkite also explained in their advisory that updating the firmware does not mean that the private and public keys generated by the vulnerable firmware before it are now secure; those keys remain vulnerable as they were effectively created with a weak password. After the firmware is updated, a new wallet needs to be created, and the funds need to be sent onchain to the new addresses to secure the funds. Coinkite wrote:

“Updating the firmware does not change or repair an existing seed. If your seed was generated before the fixed firmware version for your model, follow the migration guidance below unless the independent dice-entropy exception applies to you.”

Some Multisignature Wallets May Be At Risk

Peter Todd, Core contributor and cybersecurity engineer, today addressed specific edge cases for multi-signature wallets that use a threshold of Coldcards to secure funds. “Example case: you have a 2-of-3, with 2 Cold Cards, and a 3rd uncompromised device. If you move your funds, the moment your script is revealed for the first time – previously hidden behind the address hash – the attacker now knows enough to use the compromised 2 cold card keys to steal your funds.”

The transaction that reveals the multisig script might be unconfirmed, giving hackers enough time to create a competing transaction with a higher fee. Fortunately, such cases have a solution: the MARA mining pool can help in this case with their private mempool mining service, Slipstream; “because they promise to keep your transaction – and thus pubkeys – secret until they’re already in a block. Dramatically reducing the ability of the attacker to steal the funds,” said Todd. He added that “If you’ve already reused addresses, this isn’t relevant, and you should just try to move your funds ASAP. But if you haven’t, MARA may be able to help.”

Beyond The Immediate Crisis

NVK, one of the co-founders of Coldcard, published a long post on X with an initial analysis beyond the basic security steps needed to secure funds. In it, he wrote that the company is “committed to working with affected users who want to pursue a police report, insurance claim, or their own investigation”, including “a written incident summary specific to your loss and any transaction data we can share”. 

Beyond the immediate crisis, NVK pointed to a broader tech shift as the hacking capabilities of AI begin to change previous cybersecurity dynamics and expectations. In the blog post he wrote: 

“To every other developer: we believe this is a sober reality of the new AI paradigm. AI-assisted code review can now find latent bugs at a speed that is outpacing even the industry’s most seasoned experts. If your firmware is open-source or has ever been public, assume it’s already being read by attackers and defenders alike.”

The hack and over 70 million dollars in estimated stolen funds in the past 24 hours are an effective bounty paid to hackers who are now likely auditing every wallet codebase available for vulnerabilities. While the Bitcoin and broader crypto industry has generally operated under the assumption that hackers will test their code, the development of AI models optimized for cybersecurity accelerates these processes. 

Industry experts gathered in a long X Spaces public call last night, discussing the topic for many hours. Beyond the immediate recommendations and answering questions to Bitcoin users throughout the long Spaces, analysis of what is likely to follow in the coming weeks was also discussed. Other wallet providers are likely to get probed, and especially open source projects which generate private key material will be tested. 

The X Spaces was not recorded, likely to preserve the privacy of everyone in the call; however, initial sentiment suggests companies will need to be auditing their code with the latest frontier models, as a matter of survival. The latest cybersecurity-oriented AI models by Anthropic, OpenAI, Moonshot’s Kimi K3 and others are already available to the public. Many companies in the Bitcoin industry already use these to test the integrity of the code, but some might not be, and the race to find vulnerabilities in wallet-facing code will certainly continue, especially in the following weeks.

Ultimately, today we grieve lost coins, and a state of introspection and careful review occurs. Beyond this now historic hack will be an open source self-custody industry and infrastructure that is likely to be orders of magnitude more secure, with very hard lessons learned. After all, every hacker with an AI agent is likely testing defenses now. 

Multi-vendor, Multi-key Wallets and Covenants

Future high sovereignty wallets, be it at the retail or corporate level, are likely to not depend on any single vendor. Multisignature wallets, when well done, can distribute vulnerability risks across different code bases, teams and hardware. 

User-generated entropy was also a major theme in the X Spaces discussed earlier, with dice roll-generated entropy brought up regularly as a solution. Coldcards, as well as other hardware wallets like Foundation Devices, guide users on how to add their own entropy properly; many dice need to be rolled, ideally north of a hundred individual rolls. Once done, however, dice rolls represent a non-software source of randomness for wallets that also separates users from the edge-case risks in software- or hardware-generated entropy.

Covenants a popular soft fork among a certain niche in the Bitcoin industry have also started to be brought up as further step to strengthen the self-custody industry. This upgrade to the Bitcoin consensus which might be hard fought if achieved at all, could give users important smart contract capabilities, such a wallet that can only send to a white list of addresses, something not possible in Bitcoin script today. 

This post Coinkite Releases Fixed Firmware After Coldcard Bug; AI Likely Involved In The Breach first appeared on Bitcoin Magazine and is written by Juan Galt.

Bitcoin Magazine

US Closes in on Iran’s Strait of Hormuz Bitcoin Insurance Policy, Sanctions Companies

Iran has been dodging sanctions by accepting pay in Bitcoin from ships passing through the Strait of Hormuz, according to a Friday announcement from the U.S. Treasury’s Office of Foreign Assets Control.

The OFAC sanctioned the companies tied to the Iranian regime accused of doing so. Ships have barely been passing through the strategic Strait of Hormuz, where a fifth of the world’s oil passes through, since the U.S. and Israel attacked Iran in February. 

In the statement, OFAC said that Hormuz Safe, developed by Iran’s Ministry of Economy, “accepts payment in Bitcoin and other digital assets” so it can bypass sanctions. 

“With its economy in freefall and inflation in the triple digits, the regime is desperate for cash,” Secretary of the Treasury Scott Bessent said in a statement. 

“The United States will not allow Iran to hold global commerce hostage or use international shipping to finance the IRGC’s terrorism, aggression, and repression.” 

The OFAC statement added that two firms — the Persian Gulf Marine Insurance Company (PGMIC) and HormuzSafe Marine Services Authority (“Hormuz Safe”) — accused of running an IRGC-backed scheme forcing commercial vessels to buy mandatory “insurance” to transit the Strait of Hormuz.                       

Bloomberg first reported in May that Iran had started a Bitcoin-backed insurance service for Iranian shipping companies.

The U.S. earlier this month announced that it had frozen crypto linked to the Iranian regime, mostly in the form of the Tether stablecoin. 

Stablecoins like Tether’s USDT can be frozen by the company that issues the asset but Bitcoin, being decentralized and having no single issuer, cannot. 

Experts have warned that a recession could follow due to the war between the U.S. and Iran due to high oil prices if the Strait of Hormuz remains closed. 

This post US Closes in on Iran’s Strait of Hormuz Bitcoin Insurance Policy, Sanctions Companies first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

COLDCARD SECURITY RISK: IMMEDIATE ACTION REQUIRED

First, yes, that is a very clickbait title and completely unusual. This is a real security issue. Here is the official announcement from Coinkite themselves posted yesterday, please read and verify the genuineness of the issue there.

TLDR: Coldcard MK2, MK3, MK4, MK5 and Q are being drained. A bug lets attackers find your seed phrase without any action on your part. Only wallets generated using the dice roll method are safe, assuming you rolled at least 50 dice. If you don’t know, don’t remember, or aren’t sure, move your funds immediately.

This is a critical issue that requires immediate action. If you used a Coldcard to generate a word seed and did NOT use the recommended 50+ dice rolls to provide your own entropy after the end of 2020, your word seed is not secure. It was generated without a sufficient amount of randomness, and can be brute forced by a malicious attacker. Wallets are actively being drained now. This issue also affects any ephemeral keys and session keys for Clone Coldcard or Key Teleport features, and BIP 85 seeds generated from a compromised seed. YOU MUST STILL MOVE YOUR FUNDS. 

This attack is being actively exploited, with around 1000 BTC seen moving on-chain connected to the vulnerability. 

Breath, and relax. You must move your funds to a new word seed, or a word seed generated by a different device, in order to secure your funds.

–   If you have another hardware wallet that is not a Coldcard, send your funds there. This is the quickest and simplest way to get them someplace secure.

–   If you do not have another hardware wallet, and only have a Coldcard, generate a passphrase using at MINIMUM six seed words from the BIP 39 word list. Use this guide to select your words for the passphrase, do NOT pick them yourself. Check your wallet fingerprint (or an address), power down your device, restart it and re-enter the passphrase. Confirm that the fingerprint (or address) matches, and send your funds to the passphrase wallet. This is not a permanent solution. This is simply giving you enough security that an attacker will not be able to brute force your keys in a matter of days, and you can generate a new seed without being in a state of panic. Make sure your passphrase is written down securely.

–   If you have no other options, or are uncomfortable with using the device at all, Nunchuck wallet available on mobile and desktop. Take your time, don’t rush yourself too fast, and make sure that all of your backups are done properly. After you have verified backups, send your funds to this wallet. If you are managing significant sums, Nunchuck has support for multisig. You can create one using multiple devices. Blockstream Green and Bluewallet are two other options for software wallets. 

Once your funds are secure, take a minute and relax. Coldcards are still safe to use as long as the word seed is generated securely. A firmware patch has been released here. Any word seed generated after this firmware update should be secure (and you can use the dice roll option too). If you have transferred your funds to a hot wallet, or something less secure, your Coldcard is safe to use after applying the firmware update and generating a new seed.

Once you have secured your own funds, stop and take stock. Reach out proactively to anyone you know who might be using a Coldcard that was vulnerable when they generated their seed. Inform them of the issue, and if needed (and you are capable) help walk them through migrating their funds. Everyone doesn’t pay attention to Bitcoin news on a regular basis, so many people might be unaware that they are even vulnerable.

This post COLDCARD SECURITY RISK: IMMEDIATE ACTION REQUIRED first appeared on Bitcoin Magazine and is written by Shinobi.

Bitcoin Magazine

Coldcard Wallet Flaw Exposes Years of Bitcoin Seeds After $70M in BTC Stolen

The popular Bitcoin hardware wallet Coldcard product, made by Coinkite, is at risk following a $70 million hack.

Coinkite on Thursday admitted that its Coldcard Mk3 model was affected following the hack and advised users to move their funds. Then, on Friday, the company said that users of the later hardware devices Mk4, Mk5, and Q should also take precautions. 

Hackers on Thursday were first able to drain funds from 1,196 Bitcoin addresses because their private keys were not generated using sufficient entropy — or randomness. 

Since then, a total of 1,082.65 Bitcoins have disappeared from wallets, according to data from Galaxy Research and engineers at payments company Block. 

While Coinkite has not admitted that the hack is linked to their wallets, the company has said that a wallet seed generation bug in Coldcard products meant the hardware’s true random number generator wasn’t actually being used on certain firmware versions. 

Coinkite and other engineers in the Bitcoin space are still investigating reportedly ongoing drains still happening at the time of writing.

What actually happened 

A firmware bug in Coldcard Mk3 devices (starting with version 4.0.1 in March 2021) caused seed generation to fall back to a weak software PRNG instead of the hardware true random number generator, producing seeds with only ~40 bits of entropy rather than the intended 128.  This made private keys for many single-signature wallets (especially those created without dice rolls or a strong BIP-39 passphrase) predictable enough for attackers to brute-force.

A total of 594.5 Bitcoins worth over $35.7 million at today’s prices were moved to a new address from single-signature addresses on Thursday. 

More wallets were later drained, according to blockchain analysts, with the total now over $70 million. 

Various affected users shared their experiences on social media, with one saying that their Bitcoin had not been moved since 2021, and all of a sudden was swiped. 

Bitcoin engineers have since said that Coldcard products — specifically the Mk3 models — had  “faulty entropy in wallet generation,” meaning they did not use real randomness to create a seedphrase. 

What to do 

Developers in the Bitcoin space have since urged users to move their funds if they used a Coldcard. Coldcard has issued guidance for users to take, which can be found here.

Coinkite first said that their Mk3 models were affected but then on Friday said that those who did not use sufficient entropy to create a seed — in this case, 50 dice rolls — should generate a brand-new seed on the updated device. Others have warned to ditch Coldcard completely to be sure their funds are safe. 

“Everything is fucked,” wrote Kevin Loaec, CEO of Bitcoin security company, Wizardsardine. 

“Every single mnemonic generated [via a Coldcard] since 2021 will be public in the next few days,” Loaec warns.

This post Coldcard Wallet Flaw Exposes Years of Bitcoin Seeds After $70M in BTC Stolen first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitstamp accounted for $20 billion, or 77%, of the $26 billion decline in Robinhood's reported crypto notional volume from the first to the second quarter of 2026.

Volume attributed to Bitstamp fell 48%, from $42 billion in the first quarter to $22 billion in the second quarter. The Robinhood App declined 25%, from $24 billion to $18 billion, accounting for the remaining $6 billion of the sequential drop.

Robinhood’s crypto notional shrank 39%, from $66 billion to $40 billion, and Bitstamp supplied more than three-quarters of the drop. The headline total now folds two different customer mixes into one number, muddying the view of activity inside Robinhood’s retail app.

When Robinhood closed the Bitstamp acquisition in June 2025, it said Bitstamp had more than 500,000 funded retail customers and about 5,000 funded institutional customers, with most of its volume coming from institutions. Bitstamp's trajectory is therefore not a direct measure of Robinhood App engagement.

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There is a second comparability break inside the App series. Robinhood's Q2 disclosure says the metric began including executed crypto trades from WonderFi customers in June.

That adds one month of a new reporting perimeter to Q2, so the App's 25% sequential decline is not a perfectly like-for-like measure either.

Notional works like a traffic counter, tracking the dollar value of trades rather than the money Robinhood makes from them. Crypto revenue is reported at the company level, leaving Bitstamp’s and the App’s individual contributions unknown.

The venue split offers a snapshot of where trading was recorded. Customer movement between Bitstamp and the App remains outside that picture.

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Jul 31, 2026 · Gino Matos

For the companywide results, see CryptoSlate's broader earnings coverage.

The post Why a $20 billion Bitstamp slump makes Robinhood’s retail app look far weaker than it really is appeared first on CryptoSlate.

A new arXiv preprint studying seven major Bitcoin crashes found the warning signal shifting among price, leverage, and order flow from one event to the next.

One clue echoed across six usable cases. Taker order-flow variance tightened before each cascade, a faint weather front across the group rather than a siren traders could trust to call the next crash.

Ramon Marc Garcia Seuma submitted the single-author paper on July 29, 2026. The work has not been peer reviewed. It analyzed Binance's USD-margined BTCUSDT perpetual market across cascades from May 2022 through October 2025, using one-minute price bars and five-minute open interest, trader positioning, and taker buy/sell data over roughly two-month event windows.

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The signal moved with the trigger

In the study's framework, a market nearing a critical transition should recover more slowly from disturbances, leaving price or market structure with more statistical memory. The author tested rolling variance and lag-1 autocorrelation on detrended residuals across 39 combinations of analysis windows for every variable and event.

Price carried that signature in five of the seven cascades, but not in the February and October 2025 events tied to sudden tariff news. The paper proposes a possible split: cascades that build as markets absorb stress may leave a price signal, while abrupt external shocks may not. With only two events in the sudden-shock group, however, the author describes that pattern as a hypothesis to test, not a validated taxonomy.

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The strongest warning against generalizing came from the paper's out-of-sample test. October 2025 appeared to show the signal in leverage and order flow rather than price. When the same analysis was applied to the August 2024 cascade, the pattern inverted: price carried the signal while most leverage and flow variables did not. No tested variable carried the same positive critical-slowing-down signature across all seven events.

One inverse order-flow pattern did recur, but it did not solve the per-crash warning problem. Falling variance in the taker buy/sell ratio appeared before every cascade with usable data, covering six events.

All six observations fell in the left tail of a 300-onset placebo distribution, and four were below its fifth percentile. Yet two events overlapped the ordinary-market range individually, so the paper classifies the compression as a population-level precursor rather than a reliable alarm for a specific crash.

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Bitcoin’s $10 billion liquidation wave reveals why the AI boom is hurting crypto

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Jun 9, 2026 · Oluwapelumi Adejumo

The sample covers seven events on one exchange, some 2022 series are incomplete, and the public leverage and flow measures are proxies because direct intraday liquidation snapshots were unavailable. Other public gauges previously discussed by CryptoSlate, including basis, ETF flows and collateral settings, were not tested as early-warning candidates.

A later liquidation event shows how much remains outside the evidence. CryptoSlate reported roughly $1 billion in forced derivatives closures during a June 25, 2026 Bitcoin selloff, after the study's sample ended.

The post New Bitcoin study shows the strongest recurring liquidation warning signs cannot warn of an individual crash appeared first on CryptoSlate.

House of Doge’s wholly owned Dogecoin Ventures unit borrowed $1.4 million from lender Devlin DeFrancesco under an unsecured note, according to a July 29 SEC filing.

Secured creditors get paid first, while the $1.4 million principal is due in 2,227,300 CleanCore Solutions shares already pledged to House of Doge’s senior lenders.

The note was issued July 28, bears 10.7% annual interest and matures July 27, 2027. Rather than return the $1.4 million principal in cash, Dogecoin Ventures agreed to deliver the fixed block of unrestricted, registered CleanCore shares.

Dividing the face amount by that block produces an implied value of about 62.9 cents per share.

Interest is due in cash. Even if Dogecoin Ventures repays early, it must pay the full interest that would have been due at maturity.

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Jul 17, 2025 · Gino Matos

The repayment path runs through senior creditors

The fixed-share structure leaves DeFrancesco exposed to CleanCore’s market price when the stock can be delivered. A more immediate obstacle is creditor priority: the shares are repayment consideration, not collateral for the new note.

The note says it is unsecured and expressly subordinates payment to Dogecoin Ventures’ secured debt. It separately bars scheduled or early repayment until House of Doge has fully repaid its convertible note held by YA II PN Ltd., known as Yorkville.

A June 1 amendment extended the Yorkville note’s maturity to July 31, 2026, required $100,000 of extension consideration and a $200,000 balance paydown, and placed 9 million Dogecoin Ventures-owned CleanCore shares in an account at Revere Securities. All consideration from any sale or trade of those shares was to be directed to Yorkville.

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The July 29 filing leaves the repayment path hazy. It gives no July 28 balance for Yorkville and leaves open whether Yorkville had been paid off or whether the 2,227,300 shares came from the earlier 9 million-share pool.

Before the note could close, the borrower or its parent needed consent from Yorkville and majority holders in the May financing. The public record stops there. It contains no consent paperwork and no explanation of how the shares would be released, leaving both questions unresolved.

That May financing disclosure covered $2.5 million of 12% convertible notes, with $1.875 million funded after a 25% original-issue discount. The filing described the planned security as second priority behind Yorkville and senior to other debt, but said the pledge and guaranty agreements were then unexecuted post-closing deliverables. The May filing itself did not establish whether those instruments were later executed and perfected.

The July 29 filing also turns to the public parent’s legacy accounting record. House of Doge dismissed CBIZ as auditor on July 23. CBIZ’s fiscal 2025 report raised substantial doubt about the company’s ability to continue as a going concern, though it issued neither an adverse opinion nor a disclaimer. House of Doge reported no disagreements with CBIZ during fiscal 2025 or through July 23, 2026.

The filing repeated five material-weakness areas: review, approval and recordkeeping for cash disbursements; account reconciliations and journal approvals; tax accounting; complex debt or equity transactions; and cybersecurity policies. Those disclosures concern the public parent’s pre-merger Brag House period.

The merger closed June 30, when the same public parent adopted the House of Doge name and transferred legacy operations to Brag House Inc., so the historical warnings do not alone establish the combined group’s current condition.

DeFrancesco may have to wait. Yorkville must be repaid before the shares can reach him, while secured creditors remain ahead in line. The filings do not explain how the pledged stock would be released. Even then, its recovery value would move with CleanCore’s market price. The 10.7% coupon offers little shelter from those risks.

The post Dogecoin treasury firm borrowed $1.4M at 10.7% interest – promising repayment in CleanCore stock already pledged elsewhere appeared first on CryptoSlate.

SOS Limited shareholders approved steps that could expand the crypto-linked company’s authorized share pool 100-fold, giving it far more room to raise equity after it temporarily stopped direct mining and ended 2025 with just $3.2 million in cash alongside about $79.1 million in Bitcoin and Ethereum.

A July 27 vote, disclosed July 30, creates capacity only. Any dilution would require SOS to complete the required reorganization and charter steps and then issue shares under terms it has not disclosed.

A cash-light crypto balance sheet

SOS’s latest audited balance sheet showed cash and cash equivalents falling from $228.131 million at Dec. 31, 2024, to $3.232 million a year later. At Dec. 31, 2025, it also reported 802 Bitcoin valued at about $70.3 million and 2,949 Ethereum valued at about $8.8 million.

SOS reported a $97.3 million net loss from continuing operations for 2025. Direct cryptocurrency-mining revenue fell from $9.2 million in 2024 to zero after SOS temporarily shut that activity, while hosting-service revenue totaled $7.5 million. It also recorded $5.8 million of mining-equipment impairment. At year-end, market-sensitive digital assets dominated its reported liquid holdings.

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What shareholders authorized

If implemented, the share-capital increase would take authorized shares from 70 million to 7 billion by creating 5.94 billion additional Class A shares and 990 million additional Class B shares. SOS’s proxy statement said the enlarged pool could support future financings, acquisitions, equity compensation and other corporate transactions.

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Shareholders separately gave the board two years to implement one or more share consolidations, starting at 1-for-2 and capped at an aggregate cumulative ratio of 1-for-20. The board has discretion over whether to use that authority.

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Between SOS’s May 15 annual report and the July 13 record date, its outstanding Class B count rose by exactly 2 million while Class A shares remained unchanged. Because Class A shares cannot convert into Class B shares and a shareholder transfer would not alter the outstanding total, the increase points to a new Class B allotment.

SOS filed no transaction-specific disclosure identifying the recipient, consideration, or purpose. Unless one of the reported counts is erroneous, the 2 million shares were issued without a corresponding public explanation.

The vote gives SOS a much larger potential financing path while its current liquidity remains unclear. Shareholder impact will depend on whether the company completes the authorized-capital steps, how many shares it issues, and the price and terms of any transaction.

Updated cash and crypto disclosures will show how its position has changed since year-end and whether the enlarged share pool becomes an active funding tool.

The post Zero mining revenue, 98% cash collapse, 2 million mysterious shares sets up miner’s 7 billion share survival play appeared first on CryptoSlate.

Enlivex, a Nasdaq-listed biotechnology company, is asking shareholders to authorize up to $800 million of financing tied to the RAIN crypto token. The structure could increase its share count by as much as 951%.

Despite Enlivex's biotech business, the financing is primarily a crypto-treasury transaction. RAIN delivered at closing would go to the company's treasury wallets, while substantially all cash or stablecoin proceeds are earmarked to acquire the token or support other treasury purposes, transaction costs, and debt. Only up to 5% of remaining USD proceeds could fund Allocetra.

Shareholder approval is required for an initial $400 million placement and the maximum securities available under a separate, company-controlled $400 million option. The first tranche alone could equal roughly four to five times Enlivex's latest disclosed shares outstanding.

Enlivex said in a Form 6-K that it would use commercially reasonable efforts to call and hold the meeting within 60 days of its July 27 agreement.

Under the securities purchase agreement, the investor elected to pay in the RAIN token but can change that choice before closing. RAIN consideration carries a $6 total price per ordinary-share equivalent, while USD, USDT, or USDC carries a $5 price.

The public documents do not clearly identify the buyer. The 6-K calls it Rain Foundation, while the agreement defines Token Factor Foundation as the lead investor and leaves the public purchaser signature block blank. The filings do not establish whether the two names refer to the same entity.

Dilution depends on the payment method

If the first tranche is paid entirely in RAIN, it represents about 66.7 million ordinary shares or underlying pre-funded-warrant shares. Payment entirely in cash or stablecoins would represent 80 million. Enlivex said in a July 7 filing that its 1-for-15 reverse split would reduce issued and outstanding shares to approximately 16.83 million.

The initial issuance therefore equals about 396% of that baseline at the RAIN price or 475% at the cash-like price. On a share-equivalent basis, current holders would account for roughly 20.2% or 17.4% of the enlarged total, respectively.

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The comparison uses issued and outstanding shares because the filings provide no current fully diluted count. Enlivex's latest detailed option and warrant table is dated Dec. 31, 2025, while a later Lind financing allows variable share issuance, so those historical figures cannot safely be combined with the July count.

Full use of the optional second tranche under one payment method would lift total new share equivalents to about 133.3 million at the RAIN price or 160 million at the cash-like price. That is roughly 792% or 951% of the current outstanding baseline, leaving existing holders at about 11.2% or 9.5% of the resulting share-equivalent total.

Pre-funded warrants do not remove that overhang. They are immediately exercisable and do not expire, although beneficial-ownership limits can delay exercise.

The vote must cover securities for both the initial closing and the maximum put under Israeli law and Nasdaq rules. After closing, Enlivex may compel the lead investor to buy up to another $400 million of shares or pre-funded warrants over as long as 36 months. The investor cannot demand that second purchase, and Enlivex is not guaranteed the additional proceeds.

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The proceeds favor RAIN over Allocetra

Substantially all net proceeds paid in USD, USDT, or USDC are earmarked for acquiring RAIN, other treasury purposes, transaction costs, and outstanding debt. Only up to 5% of USD net proceeds remaining after fees, expenses, and debt may fund Allocetra. RAIN delivered at closing goes to the company treasury wallets.

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RAIN quantity will be set from CoinMarketCap's average closing price over the five business days before closing. That calculation does not establish realizable cash value. CryptoSlate's point-in-time RAIN market page showed about $29.88 million in 24-hour reported volume, making $400 million roughly 13.4 times one day's turnover. Reported volume is not executable liquidity.

The post Biotech company asks shareholders to dilute stock by 951% to hoard illiquid crypto token instead of funding its own drug appeared first on CryptoSlate.

Hardware wallets are supposed to remove a single category of risk: the possibility that someone who is not you can compute your private key. Early this morning, roughly 500 Bitcoin holders discovered that their devices had failed at exactly that job, and had been failing quietly since March 2021.

The loss came to about 594 $BTC, roughly $38 million, and it took 25 minutes.

Bitcoin Wallet Hack: What exactly happened?

Between 01:31 and 01:56 UTC on Friday 31 July 2026, an attacker swept funds out of around 500 separate Bitcoin wallets. The mechanics were industrial. More than 1,300 individual UTXOs were moved across 500 transactions inside a three-block window, then 562 BTC was consolidated into a single address. At the time of writing, that address has not moved.

The victim profile is unusually consistent:

• Every drained wallet was single-signature.
• Every one held more than 0.15 BTC.
• Most had been dormant for years.
• Wallet creation dates spanned 2021 to 2026, closely matching the window during which the flaw was live.

That last point is the tell. The attacker was not picking targets by observing the network. The targets were determined by when each wallet was created.

How did the attacker guess keys that should be unguessable?

This is the part that matters, and it has nothing to do with phishing, malware, or a compromised computer.

A Bitcoin seed phrase is meant to be drawn at random from a pool so vast that guessing is arithmetically hopeless. The entire security model rests on that randomness being real. Hardware wallets include a dedicated hardware random number generator precisely so that the randomness does not depend on software.

According to analysis published by the Bitcoin engineering and security teams at Block, affected Coldcard firmware was not using it.

A build setting instructed the device to skip its own hardware randomness generator. A check in a supporting library then tested only whether that setting existed, not whether it was switched on. With no working hardware source and no error raised, key generation fell through to a basic software substitute, seeded from the device's serial number and its internal clock registers.

Neither of those inputs is secret. The serial number is fixed factory metadata. The clock values are timing state that an attacker can narrow down, or simply measure on an identical device they own.

The result: a seed that was supposed to be one candidate among an unimaginable number became a solvable problem. Coinkite, the Canadian firm that builds Coldcard, traced the change to a commit dated 1 March 2021, shipped in firmware 4.0.0 that same month.

The flaw sat in production for nearly five and a half years before someone exploited it.

Which Coldcard devices are affected?

Coinkite's advisory centres on Mk3 devices where the seed was generated on firmware 4.0.1 or later. Based on preliminary analysis, the company says Mk4, Q and Mk5 appear unaffected.

One critical distinction: exposure depends on which firmware was running at the moment the wallet was created, not on when you bought the device or what firmware it runs today. Updating your firmware now does not retroactively fix a seed that was generated with bad randomness. The key material is already weak.

Reporting on the full list of affected models has not been fully consistent, and the investigation is still developing. If your seed was generated on any older Coldcard, treat it as suspect until Coinkite confirms otherwise rather than assuming your model is on the safe list.

What should you do right now if you own a Coldcard?

Coinkite is urging affected users to move their funds. Concretely:

1. Identify which device and firmware generated your seed. Not what it runs now. What it ran when the wallet was first created.
2. If that was an Mk3 on firmware 4.0.1 or later, treat the seed as compromised. Not at risk. Compromised.
3. Generate a fresh wallet on a device you have reason to trust, and move the funds. Do not reuse the existing seed anywhere.
4. Do not wait for confirmation that you were specifically targeted. The wallets drained this morning were mostly dormant, which means their owners were not watching. The attack cost nothing per additional target.
5. Consider multi-signature for meaningful balances. Every wallet drained in this incident was single-signature. A multi-sig setup across devices from different manufacturers would have survived a flaw in any one of them.

If you generated your seed by rolling dice and entering the entropy yourself, a practice Coldcard has long supported, your randomness did not come from the broken code path.

Why did the Bitcoin price not react?

It barely moved. Bitcoin traded around $63,847 through the morning, down roughly 1% on the day and already softer on the week before the news landed.

Partly that is scale. $38 million is a rounding error against a $1.28 trillion market cap, and the stolen coins have not been sold, only consolidated. Partly it is the current market. This week also contained a record two-day crash in Korean equities and a 17% KOSPI rebound, and crypto ignored both. A market where almost nothing produces a reaction is not necessarily a strong one.

What does this actually tell us about hardware wallets?

Three things worth separating from the panic.

1. This is not a Bitcoin failure. The protocol worked exactly as designed. It faithfully executed valid signatures from keys the attacker was able to reconstruct. Nothing about Bitcoin's cryptography was broken.
2. This is not an argument against self-custody. Exchange failures have cost holders far more than $38 million, repeatedly. The lesson is not that self-custody is unsafe, it is that a hardware wallet is a piece of software running on a small computer, and software has bugs.
3. It is an argument against single points of failure. The uncomfortable feature of this incident is the delay. A silent randomness failure produces no symptoms. Nothing looks wrong. There is no alert, no failed transaction, no warning. The wallet works perfectly for five years and then, in 25 minutes, does not.

That is the case for multi-signature setups, for hardware from more than one vendor, and for user-supplied entropy on high-value wallets. Not because any single device is untrustworthy, but because a device that fails silently gives you no chance to notice before it matters.

If you are required to file a German income tax return for 2025 and you are doing it yourself, the clock runs out tonight. Not tomorrow morning, not the first working day of August. The statutory deadline is 31 July 2026 at 24:00, and for crypto investors this particular return carries a few things the previous ones did not.

Here is what still needs to happen in the next few hours.

Why is 31 July the hard deadline this year?

The COVID-era extensions are gone. For the 2025 tax year, the normal rule under § 149 Abs. 2 AO applies again: mandatory filers (Pflichtveranlagung) submit by 31 July of the following year. What counts is the moment your return reaches the Finanzamt, so with ELSTER or tax software it is the successful transmission that matters, not when you started filling it in.

Two exceptions buy you real time:

• Filing through a Steuerberater or a Lohnsteuerhilfeverein. Your deadline moves automatically to 1 March 2027, because 28 February 2027 falls on a weekend.
• Voluntary filing (Antragsveranlagung). If you are not obliged to file and are only submitting because you expect a refund, you have until 31 December 2029 for the 2025 year, with no penalty risk.

Everyone else is on the clock tonight.

Who actually has to report crypto in Germany?

Crypto is not treated like shares here. Coins count as "other assets" under § 23 EStG, which produces the rule that keeps Germany attractive for long-term holders: sell after a holding period of more than twelve months and the gain is tax free, no matter how large it is. The BMF confirmed in its March 2025 letter that staking or lending in the meantime does not extend that period.

Inside the twelve months, it looks different:

• Disposals under one year are taxed at your personal income tax rate, up to 45%.
• The €1,000 Freigrenze covers all private disposals in a calendar year, not just crypto. Note the word: Freigrenze, not Freibetrag. Stay below it and the gain is tax free. Reach it and the whole gain becomes taxable, not just the excess.
• Staking, lending and mining rewards are other income under § 22 Nr. 3 EStG, taxable on receipt at the market rate, with a separate €256 Freigrenze.
• Crypto-to-crypto swaps count as disposals. So do trades on decentralised exchanges. The 2025 BMF letter put DEX activity on the same footing as trades on Binance or Kraken, which means Uniswap and Curve history has to be documented the same way.
• FIFO is the method the German tax office works with, applied per wallet or per exchange.

Most private crypto activity lands in Anlage SO.

What is different about the 2025 return specifically?

Three things, and they all point the same direction.

• Anlage SO now has dedicated crypto lines. From the 2025 tax year onwards, the form has its own section for Kryptowerte rather than a generic "other assets" field. Less room to be vague.
• The grace period on documentation has expired. The BMF letter of 6 March 2025 introduced explicit record-keeping and cooperation duties for crypto, and it came with a Nichtbeanstandungsregelung covering assessment periods up to and including 2024. 2025 is the first year the stricter standard applies without that cushion. Handing over a wallet address is explicitly not enough evidence. The tax office expects transaction overviews or a proper tax report showing type, quantity, acquisition and disposal dates, costs and rates.
• This is the last return you file before the Finanzamt gets the data anyway. DAC8, implemented in Germany as the Kryptowerte-Steuertransparenzgesetz, applies from 1 January 2026. Every crypto service provider registered in the EU now reports user transaction data to the tax authorities automatically. From next year, what you declare gets compared against what your exchange already sent in.

How do you get a filing-ready crypto report in the time you have left?

If your 2025 history is spread across four exchanges, two hardware wallets and a handful of DeFi protocols, reconstructing it manually tonight is not realistic. This is what dedicated tax tooling exists for.

CoinTracking is the option most German filers end up with, for a practical reason: it was built in Germany, in Munich, and has been running since 2012, so the German output is not an afterthought. It generates the Anlage SO as a ready-to-file PDF, and also exports in WISO and SteuerGo formats if you are working inside tax software. FIFO is applied per depot with its Depot Separation setting, which matches how the BMF expects wallet-level calculation to work. Imports cover 400+ exchanges, wallets and blockchains via API, CSV or blockchain address, and the engine tags DeFi swaps, staking rewards and NFT trades automatically rather than making you classify each line by hand.

Two practical notes so you are not caught out tonight. New accounts start with a 7-day trial that includes unlimited imports, but the tax report itself sits behind a paid plan, so if you need the Anlage SO today you will be upgrading today. And the import is the fast part: getting your API keys and CSVs in usually takes far less time than reviewing the flagged transactions afterwards.

👉 Import your 2025 history and generate your Anlage SO with CoinTracking

If your history is genuinely messy, the more sensible move may be to accept the second option in the next section instead of rushing a return you cannot substantiate.

What happens if you miss midnight?

From 1 August the Finanzamt is entitled to impose a Verspätungszuschlag where filing was mandatory. It runs at 0.25% of the assessed tax per month, with a minimum of €25 for every month started, and it becomes mandatory rather than discretionary once you are 14 months late. Keep ignoring it and Zwangsgeld and an estimated assessment follow, and an estimate rarely lands in your favour.

You still have two legitimate exits:

1. Request an extension. An informal application to your Finanzamt with a real reason (illness, missing documents from an exchange) can be granted. The catch is timing: the request has to arrive before the deadline expires, so that is also a today job.
2. Engage a Steuerberater or Lohnsteuerhilfeverein. Doing so moves your 2025 deadline to 1 March 2027 automatically. For anyone with a complicated DeFi or high-frequency year, this is usually the better answer than a rushed self-filing.

One more thing ending tonight: XTB's free Nike share

Separate from the tax calendar, the XTB promotion CryptoTicker readers have been claiming this month also closes today. Open a new account and you get one Nike share (ISIN: US6541061031) credited to your trading account, free.

How it works:

1. Open a new XTB account through our link and enter referral code CRYPTOTICKER at the start of the process.
2. Complete the account opening and activate your trading account.
3. Make any first deposit and accept the promotion terms in the XTB app.
4. The Nike share is credited within three business days.

No trades required, no minimum holding period. One timing detail matters if you are starting today: the deposit and the in-app acceptance of the promotion terms must both fall inside the promotion window, which ends today, 31 July 2026. Normally you get seven days after opening. Starting now, that means completing both steps tonight.

👉 Open your XTB account and claim the free Nike share

Investing involves risk. The value of investments can fall as well as rise, and you may get back less than you invested. Promotion terms apply.

South Korea just delivered the most violent equity collapse in its history. The KOSPI has fallen more than 33% in July alone, its worst month on record, and roughly 40% from the all-time high it printed barely six weeks ago. Circuit breakers fired on consecutive sessions for the first time ever. Somewhere between $1 trillion and $2 trillion in market value has evaporated, depending on which starting point you measure from.

For crypto traders, this is not a foreign story. Korean retail capital is one of the most influential flows in digital assets, and it spent the last nine months somewhere else entirely. Now that trade has blown up.

What is the KOSPI and why does it matter?

The KOSPI, short for Korea Composite Stock Price Index, is the benchmark index of the Korea Exchange main board. It covers every common stock listed on that board and is the standard proxy for South Korean equities, in the same way the S&P 500 stands in for the US market. Its smaller, tech-heavy sibling is the KOSDAQ.

Two things make the KOSPI unusually important right now.

First, concentration. Samsung Electronics and SK Hynix together account for close to half the index weighting. That is not a diversified benchmark. It is a leveraged bet on two memory chip manufacturers, which in 2026 means a leveraged bet on the global AI buildout.

Second, position in the supply chain. High-bandwidth memory is the bottleneck component for AI accelerators. When Korean chipmakers move, the market reads it as a signal about AI capital expenditure everywhere. That is why a Seoul selloff shows up in Nasdaq futures and, increasingly, in Bitcoin.

How did the KOSPI erase $2 trillion in 40 days?

The rally came first, and it was extraordinary. The index more than doubled in the first half of 2026, gaining 116% at its peak and hitting an all-time high of 9,385.59 in June. That briefly made South Korea the world's sixth-largest stock market by value.

Then the reversal. Measured from the June record, the drawdown now approaches 44%. The index closed at 5,593.56 on Thursday after a 5% morning bounce faded. July's candle opened at 8,591.50 and traded as low as 5,262.77, a 38.95% intra-month collapse. For context, the COVID crash of March 2020 took the index down 31.10% from high to low.

The two sessions of July 28 and 29 did most of the damage. Roughly 864.5 trillion won was wiped out across those two days alone, with the index plunging more than 10% on the 28th and another 6% on the 29th. Bloomberg data circulating this week puts the total destruction at close to $2 trillion since the June peak. South Korea has fallen from the sixth-largest equity market in the world to the eleventh.

Circuit breakers, which halt trading for 20 minutes when the index drops 8% or more within a minute, have now fired nine times in 2026. Before this year, the mechanism had been triggered a handful of times in the entire history of the exchange.

Samsung Electronics has lost more than 35% over the past month. SK Hynix has lost nearly 47%.

Why did the KOSPI crash happen?

There was no single trigger. Five pressures landed on a heavily stretched market at roughly the same time, and each one amplified the next.

1. Record leverage. Outstanding leveraged bets reached 29.2 trillion won, around $19.7 billion, in early July. Margin loans hit a record 61.98 trillion won in the second quarter. Retail investors piled into single-stock ETFs tied directly to Samsung and SK Hynix, products that magnify every move in both directions.
2. The AI trade unwind. Global doubts about the sustainability of AI infrastructure spending hit an index where two chipmakers dominate. What looked like structural growth in June started looking like a financing-driven bubble in July.
3. The China chip shock. On July 28, reports emerged that China had begun mass production of homegrown DUV chipmaking tools. Combined with the $8.6 billion CXMT listing, the market suddenly had to price in a real threat to DRAM pricing power.
4. The SK Hynix earnings miss. A day later, SK Hynix reported record second-quarter revenue of 79.3 trillion won and still missed the 84 trillion won consensus. Record revenue was not enough. The stock fell 9.61%.
5. Tightening and outflows. The Bank of Korea delivered its first rate hike since 2023 while foreign investors sold aggressively. On July 27 alone, foreign net sales hit 1.9 trillion won, and retail buying could not absorb it.

The feedback loop did the rest. Falling prices triggered margin calls, forced selling deepened the losses, and leveraged ETFs mechanically sold more into the decline. Regulators held an emergency meeting, and Finance Minister Koo Yun-cheol conceded that the leveraged products deserved closer scrutiny before launch, adding that further stabilisation measures would follow if needed.

Why is this important news beyond South Korea?

Because it is the first large-scale, real-money test of what happens when the AI trade unwinds in a market with retail leverage stacked on top of it.

Every argument being made about US AI capex, circular vendor financing and semiconductor valuations has now been stress-tested in Seoul. The answer was a 40% drawdown in 40 days. Somewhere around 700,000 leveraged retail traders have been caught in it, and the second-order effects on Korean consumer balance sheets have barely started to show.

It also matters because the KOSPI was the best-performing major equity market on the planet as recently as late July, up 41.5% year to date in dollar terms. Best performer to worst crash in a matter of weeks is the kind of whiplash that changes global risk appetite, not just local sentiment.

Will the KOSPI crash have repercussions on crypto?

Yes, and the mechanism is more specific than generic risk-off contagion.

• Korean retail left crypto for this trade. In late 2025, Korean investors executed what local commentators called the Great Korean Pivot, rotating out of crypto and especially memecoins into AI-linked equities. The effect on domestic exchanges was brutal. Combined daily volume across Upbit, Bithumb, Coinone, Korbit and Gopax collapsed roughly 88% year on year to around $305 million in July, down from $2.82 billion a year earlier. Fee income dried up to the point where smaller platforms like Korbit reportedly sold their own Bitcoin and Ether reserves to fund operations, and Upbit operator Dunamu posted sharp declines in quarterly revenue and profit.
• Some of that capital is now coming back. On July 28, as the KOSPI plunged past 10% and halted, combined volume across the top five Korean exchanges hit $964.11 million, up 82.45% against the prior month's daily average of $528.39 million. On July 29 it was $831.76 million, up 57.4%. Upbit did about $715 million on the 28th, roughly double its monthly average, as order flow concentrated in the deepest venue.
• But look at what they bought. On Upbit that day, Tether volume reached 121.5 billion won, ahead of Bitcoin at 89.7 billion won and Ethereum at 59 billion won. That is not a rotation into crypto risk. That is capital parking in dollars through the fastest available on-ramp. When stablecoins outrank BTC on a Korean exchange during an equity crash, the signal is defensive, not bullish.

An earlier episode supports the caution. When the KOSPI fell 8.22% and halted on July 13, Upbit's BTC volume rose from around 7,436 BTC to 8,724 BTC over two days, an increase that still left activity roughly 27% below its own 30-day average. A blip, not a migration.

Bitcoin is trading as a high-beta tech asset. $BTC sits near $64,500 as of Thursday, up marginally on the day after the Fed held rates steady, but still around 45% below its October 2025 all-time high. Through the worst of the Korean selloff, Bitcoin traded flat to soft rather than catching a safe-haven bid. The Korea Premium Index, the modern version of the kimchi premium, has been sitting in negative territory, confirming that domestic demand has not yet flipped.

There is a genuine bull case here, and it is worth stating fairly. Korean regulators are now restricting leveraged equity products. Several hundred thousand burned retail traders still want volatility. Historically, when Korean retail gets pushed out of one venue, it reappears in another, and crypto has been the usual destination. If the KOSPI stabilises and risk appetite recovers, Korean flow returning to Upbit and Bithumb would be a real tailwind for altcoins in particular.

The bear case is simpler. Margin calls are settled by selling whatever is liquid, and crypto is liquid 24/7. In a deleveraging event, correlations go to one.

What should crypto traders watch next?

Three levels and one flow.

The 5,100 to 5,300 support zone on the KOSPI has held so far, and the July low landed inside it. If it breaks, the next major support sits between 3,200 and 3,400, roughly 40% lower. That scenario would almost certainly drag global risk assets down with it.

Watch the Korea Premium Index. A flip from negative to positive is the cleanest early signal that Korean retail is re-entering crypto rather than hoarding stablecoins.

Watch Korean exchange volume mix. If the BTC and altcoin share starts taking back ground from USDT, the rotation thesis gains substance. As long as Tether leads, capital is hiding, not buying.

And watch the Fed. Wall Street just posted its worst session since April 2025 following a divided rate decision. Korean stress landing on top of an already fragile US tape is a different problem than Korean stress in isolation.

For most of 2026, the story was simple: AI stocks up, crypto down. July flipped the script. Bitcoin and Ethereum posted the strongest monthly returns of any major asset class, while the trade that carried global equities all year came apart.

The scoreboard for July:

The odd part is that almost nobody in crypto felt like they were winning. The Crypto Fear & Greed Index sat at 28, firmly in "Fear" territory, on the same day Ethereum was printing a 20% month.

How did Bitcoin and Ethereum actually perform in July?

Ethereum entered the month around $1,600 and traded near $1,920 by July 29, a gain of roughly 20%. 

Bitcoin started July near $60,000 and changed hands around $64,200 at the end of the month, up about 9%.

Neither move was a straight line. Both assets pushed higher after a softer than expected US CPI report in mid July, wobbled when spot Bitcoin ETFs snapped a week long inflow streak with a single day of $225 million in net outflows, then recovered again once Washington paused airstrikes on Iranian military targets and geopolitical risk premium came out of the market.

What matters is the shape of the month: crypto absorbed bad news and kept grinding upward, while equities did the opposite.

Why did chip stocks fall 22% while the Dow rallied?

This was not a risk off month. It was a rotation.

Semiconductors went into July having gained nearly 97% on the year. By mid month, roughly a third of that 2026 advance had been erased, and the selling accelerated into the final week. The trigger was not weak demand. It was the price investors had agreed to pay for flawless execution.

Three things broke the trade at once. Bank of America's own bubble risk indicator for semis climbed to 0.91, above the Nasdaq 100's 0.69, with strategist Michael Hartnett noting that the combination of extreme concentration and overbought conditions had not been seen since June 2000. Big Tech's AI capital spending guidance started to look like a cost rather than a growth story. And reports on China's progress in memory chips and lithography equipment raised the question of how durable the moat really is.

The damage went global in the last week of July. South Korea's Kospi dropped 10.84% in a single session, with Samsung down 13.4% and SK Hynix down more than 14.7%. Japan's Nikkei 225 fell 3.95%. Advantest lost over 10%.

Meanwhile the Dow Jones climbed 537 points on July 28 for a third straight winning day, lifted by strong earnings from Sherwin-Williams and Coca-Cola. Money did not leave the market. It left the crowded end of it, and some of it landed in crypto.

Why did Ethereum outperform Bitcoin by more than 2 to 1?

Ethereum's 20% beat Bitcoin's 9% by a wide margin, and the reasons are specific rather than sentimental.

Corporate treasury demand kept showing up. Bitmine added another $74 million in ETH during July as Tom Lee continued building toward a stated goal of holding 5% of total supply. Institutional desks also started framing ETH as the cleaner expression of a crypto recovery. Fundstrat's Sean Farrell argued mid month that the tactical backdrop was improving and that ETH increasingly stood out as the more attractive way to trade it.

There is a historical pattern behind that view. During the 2022 bear market, Ethereum began outperforming Bitcoin several months before Bitcoin found its bottom. Traders who believe that rhyme is repeating were positioned in ETH before the rotation out of semis began.

Did the Fed decision change anything for August?

On July 29, the Federal Reserve held the funds rate at 3.50% to 3.75% for a fifth consecutive meeting, the longest pause since the 2008 cycle. The vote was 9 to 3, with Beth Hammack, Neel Kashkari and Lorie Logan all dissenting in favour of a 25 basis point hike.

That is the detail to carry into August. A three way hawkish dissent is rare, and it came after prediction markets had already priced roughly a one in five chance of an actual hike, the highest of this cycle. Chair Kevin Warsh gave little explicit forward guidance, which leaves September genuinely open.

Crypto held its ground through the announcement, with BTC around $64,268 and ETH around $1,917 shortly after. But a steady rate alongside firmer yields and a stronger dollar is a tighter liquidity setup than the mid July CPI print implied. Standard Chartered still has a $100,000 year end target on Bitcoin. Polymarket's crowd is far more conservative, with top odds on BTC finishing 2026 between $70,000 and $75,000 and ETH between $2,000 and $2,250.

What should investors take from July?

The useful lesson is not that crypto is back. It is that crypto and AI equities have stopped moving as one asset. For two years they traded as the same liquidity bet. In July they diverged sharply, and a portfolio holding both would have felt that divergence as diversification rather than as double exposure.

The risk cuts the other way too. If the semiconductor unwind turns into a broader growth scare rather than a rotation, crypto's July independence will be tested quickly.

Cardano is trading at $0.1638 after a sharp three-day bounce off $0.1535, and momentum has quietly shifted back in favour of buyers. The $0.18 area is where $ADA was rejected a week ago, and it is the level that would confirm the July downtrend is over. Getting there means clearing $0.1751 first. Here is what the 3-hour chart says about the odds.

What Does the Cardano 3-Hour Chart Show Right Now?

The 3-hour chart shows ADA in a broad range with a clear pattern of lower highs. The month opened with an aggressive impulse that spiked into $0.200 on 5 July, a move that was rejected almost immediately and gave back every cent of the advance within 48 hours.

The second attempt came on 23 July, when Cardano pushed up to roughly $0.1805 before rolling over again. That lower high matters, because it confirms sellers are stepping in earlier on each rally. Price then slid into $0.1535 on 27 July, and that is where buyers finally defended.

The current candle prints at $0.1638, with an intraday high of $0.1648 and a low of $0.1626. In other words, ADA has recovered around 6.7% from the swing low but is still sitting almost 18% below the July peak.

The structure to keep in mind is simple: three horizontal levels define everything. Resistance at $0.1751, support at $0.1488, and a deeper support shelf at $0.1424 that dates back to the late-June accumulation base.

Why Is $0.1751 the Level That Decides ADA's Next Move?

$0.1751 is not an arbitrary line. It is the level that capped the entire post-spike recovery in early July and it sits just above the 23 July rejection wick. Everything ADA has done for four weeks has happened underneath it.

From $0.1638, that resistance is roughly 6.9% away. A clean 3-hour close above $0.1751, ideally with expanding volume rather than a single wick, would break the sequence of lower highs and put the $0.180 area back in play as the first target. Above that, the July high at $0.200 becomes the obvious magnet, and reclaiming it would be the first genuinely bullish monthly signal ADA has produced since spring.

Until then, every push toward $0.175 has to be treated as a supply zone rather than a breakout.

What Happens If Cardano Loses $0.1488?

The bearish scenario is equally well defined. $0.1488 is the first real support beneath current price, around 9.2% lower, and it lines up with the top of the base ADA built through late June.

Lose that on a closing basis and $0.1424 becomes the next stop, roughly 13% below spot. That level is the floor of the June accumulation range, and it is the last structural support before $Cardano is back at the multi-year lows it printed at the end of June, when ADA closed the month near $0.1453 after shedding close to 40%.

The nuance worth flagging: the 27 July low at $0.1535 held comfortably above $0.1488. That is a higher low relative to the June base, and it is the single most constructive thing on this chart.

Is the RSI Signal Strong Enough to Trust?

The 14-period RSI reads 55.89, with its moving average down at 39.27. That gap tells you two things.

First, RSI dipped close to the mid-20s during the 27 July flush, which is a genuinely oversold reading on a 3-hour timeframe, and the bounce came directly off it. Second, RSI has now crossed decisively back above its own signal line, a momentum shift that usually precedes at least a test of overhead resistance.

The caveat is the speed of the move. Going from oversold to 56 in three sessions is a fast repricing, and RSI is now entering the zone where previous July rallies stalled. Momentum is improving, but it is not yet confirming a trend change. That confirmation only comes from a price close above $0.1751.

What Fundamentals Could Support the Cardano Price?

The technical picture is not operating in a vacuum. Cardano has just moved through one of its busiest development stretches: the Van Rossem hard fork took the network to protocol version 11, adding new Plutus built-in functions and updated cost models that reduce the resources needed to run complex smart contracts. It was also the first Cardano upgrade fully ratified through the on-chain Voltaire governance system.

Behind it sits Ouroboros Leios, the scalability overhaul that went to public testnet in June and is targeted for mainnet late in 2026. Charles Hoskinson has framed it as a step change in throughput, with figures in the 10x to 65x range floated by the community, though those numbers still need to survive real-world load.

On-chain, Santiment data showed wallets holding between 10 million and 100 million ADA lifting their share of supply from 37.66% to 38.13% through the June selloff. Whale accumulation into weakness does not time a bottom, but it does explain why $0.1424 has held so far. Working against that, daily transaction counts fell to roughly 17,400 at the end of June, close to a 45-day low, so usage has not yet followed the development activity.

What Are the Key Levels to Watch for ADA?

• Resistance 1: $0.1751, the level that has capped every rally this month
• Resistance 2: $0.180, the 23 July rejection high
• Resistance 3: $0.200, the July peak
• Support 1: $0.1535, the 27 July swing low
• Support 2: $0.1488, first structural support
• Support 3: $0.1424, the June accumulation floor

The base case is continuation of the range: ADA grinding between $0.1488 and $0.1751 while the market waits for a catalyst. The bullish trigger is a 3-hour close above $0.1751. The bearish trigger is a close below $0.1488. Anything in between is noise.

The decision requires AI companies to license copyrighted music used to train models and generate songs, marking another legal win for music rights holders in Europe.

New restrictions block future models of foreign-made robots and connected power inverters from receiving FCC approval after U.S. national security agencies warned they could pose cybersecurity and supply chain risks.

The latest attestation offers a snapshot of the assets backing the world's largest stablecoin, including U.S. Treasuries, repo agreements, and more than 146 metric tons of gold.

The approval comes weeks after Circle won federal approval to establish a national trust bank, adding another license as the USDC issuer expands.

OFAC sanctioned two Iranian firms including Hormuz Safe, which “accepts payment in Bitcoin and other digital assets.”

A newly surfaced poll circulated among Senate Democrats shows that 84% of Democratic primary voters view crypto-backed candidates unfavorably.

SBI Holdings claims that the token appears to be "waiting" for the outcome of the long-delayed U.S. CLARITY Act.

Ripple Product Lead Jazzi Cooper unveils 5 game-changing amendments for XRP.

Shiba Inu continues sending multi-million SHIB tokens out of circulation as its burn activity becomes increasingly aggressive over the week.

Former Barclays CEO Bob Diamond has backed the long-awaited Clarity Act, arguing that the landmark crypto bill would ultimately strengthen the banking sector.

TLDR

• JPMorgan stock gains 0.64% as the firm launches its first active extension ETF.
• JLVP combines large-cap value holdings with selective long and short positions.
• The ETF uses short-sale proceeds to fund added exposure to favored value stocks.
• JPMorgan backs JLVP with 60 analysts and a four-decade valuation framework.
• JLVP carries a reduced 49-basis-point management fee through February 2028.

JPMorgan Chase shares rose 0.64% to $353.11 after its asset management unit launched the JLVP exchange-traded fund. The stock climbed above $354 during a volatile session before easing from its intraday peak. The launch expands JPMorgan’s active ETF range with a value-focused long-short equity strategy.

JPMorgan Chase & Co., JPM

JPMorgan Stock Gains After ETF Launch

JPMorgan Asset Management listed the JPMorgan US Large Cap Value Plus ETF on the Nasdaq Exchange. The fund trades under the JLVP ticker and targets long-term capital appreciation. It combines a core large-cap value portfolio with an extension sleeve.

The strategy takes long positions in companies that the management team considers undervalued. Meanwhile, it shorts selected companies that the team expects to underperform. This structure allows the fund to seek returns from both rising and weakening stocks.

JPMorgan shares advanced as the launch highlighted further growth across the company’s asset management platform. The stock reached more than $354 before giving back part of the gain. However, it still held a 0.64% increase at $353.11 during the referenced session.

JLVP Extends Active Value Strategy

JPMorgan has used the underlying extension approach in institutional portfolios since 2016. JLVP now brings that framework into an exchange-traded format for broader market access. The strategy combines high-conviction long ideas with selective short positions.

JLVP may use proceeds from short positions to support additional long exposure. Therefore, the portfolio can hold long positions exceeding 100% of its net assets. The approach seeks stronger return potential while applying defined controls across the portfolio.

Portfolio managers Scott Blasdell and Jim Brown lead the fund’s investment process. Together, they bring more than 45 years of industry experience to the strategy. They also receive support from JPMorgan’s established United States equities research platform.

Research Platform and Fee Structure

The equities team includes 60 analysts with an average of 20 years of industry experience. The firm built its fundamental valuation framework over four decades. Analysts rank companies through bottom-up research and compare long and short opportunities.

The process examines company quality, valuation, earnings prospects, and sector conditions. Meanwhile, portfolio controls limit concentration and manage risks linked to short positions. JPMorgan managed $25 billion in global equity extension strategies by June 30, 2026.

The firm will cut JLVP’s fee to 49 basis points through February 29, 2028, before restoring 65 basis points. Estimated short dividend costs lift net expenses to 105 basis points during the waiver period. The launch places JPMorgan’s institutional extension strategy inside an exchange-traded product while expanding access through the firm’s active ETF business.

The post JPMorgan Chase (JPM) Stock: Surges as Asset Management Launches JLVP ETF appeared first on Blockonomi.

TLDR:

• The Russia crypto mining ban will cover Moscow, the Moscow region, and eight Kursk districts from August 15, 2026, through December 31, 2032.
• Officials cite electricity capacity risks as mining and data center growth place heavier demand on the Moscow region power system.
• The capital region hosts 65 data centers with 734 megawatts of combined capacity, while mining demand is estimated near one gigawatt.
• A separate State Duma bill could impose prison terms of up to five years for serious illegal mining cases if lawmakers enact it.

Russia has reportedly approved a mining restriction covering Moscow, the Moscow region, and districts in Kursk. The Russia crypto mining ban begins August 15, 2026, according to UNN, which cited the Baza Telegram channel. 

The measure runs through December 31, 2032, and includes participation in mining pools. It shifts Moscow from regulated mining access to a territorial prohibition. Authorities link the decision to electricity capacity risks created by energy-intensive operations. 

A government draft published in June listed the same areas and the same end date. However, that draft proposed July 1, making August 15 the reported revised start date.

Russia Crypto Mining Ban Targets Moscow Power Demand

The Russia crypto-mining ban covers Moscow and the wider Moscow region throughout the year. Russia’s Energy Ministry previously warned that new mining connections could create power capacity shortages. Its explanatory note supported a round-the-clock restriction rather than seasonal controls. The government electricity commission discussed the proposal in May before the ministry published its draft decree in June.

Regional energy data shows why officials focused on the capital’s grid. Moscow and the Moscow region host 65 data centers with 734 megawatts of combined capacity. Nineteen facilities operate inside the Moscow region and account for 233 megawatts. These figures cover data centers generally, not only digital currency mining sites. They still show the size of computing demand facing networks.

Moscow Region Energy Minister Sergei Voropanov estimated that mining consumes about one gigawatt across the Moscow power system. He said roughly half of that demand falls within Moscow and the surrounding region. Officials expect total data center capacity in the capital region to reach 3.6 gigawatts by 2032. That would equal about 17% of the system’s maximum load.

The Russia crypto-mining ban therefore targets mining activity rather than ordinary cryptocurrency ownership. It also covers operators joining mining pools from prohibited locations. Russian rules already require corporate miners and registered entrepreneurs to enter a federal tax register. Individuals may mine without registration only within a monthly electricity limit of 6,000 kilowatt-hours.

Kursk Restrictions Extend Regional Mining Controls

The measure also applies to eight municipal districts in the Kursk region and the city of Lgov. The listed districts are Belovsky, Bolshesoldatsky, Glushkovsky, Korenevsky, Lgovsky, Rylsky, Sudzhansky, and Khomutovsky. Several sit near Russia’s border with Ukraine, where energy infrastructure faces added operational pressure.

The Russia crypto mining ban adds a specific safeguard against heavy electricity use in those territories. Regional orders have also suspended some utility billing for affected residents. Those support measures reimburse providers for lost revenue while services continue. The mining prohibition separately limits commercial electricity demand across the named border districts.

Russia has used geographic mining restrictions since 2025. Existing controls cover several North Caucasus republics, occupied Ukrainian territories claimed by Moscow, and parts of Siberia. Some bans operate year-round, while others apply during high-demand winter periods. Authorities expanded restrictions in Buryatia, Transbaikal, and southern Irkutsk during 2026.

The wider framework still permits registered digital currency mining outside prohibited territories. Russia also allows cryptocurrency use in approved international trade channels, while domestic payments remain restricted. The Russia crypto-mining ban does not change those national rules. Instead, it removes Moscow and the named Kursk areas from legal mining access until the end of 2032.

Enforcement may become stricter under separate legislation. Russia’s State Duma passed a bill on first reading in May that would criminalize large-scale illegal mining. Proposed penalties reach five years in prison for organized activity, especially large damage, or especially large income. The proposal is not yet the same as an enacted criminal sentence for every unregistered miner.

The post Russia Crypto Mining Ban Expands Across Moscow and Kursk Areas appeared first on Blockonomi.

TLDR

• Nasdaq confirms OSRH Loyalty CVR Program triggers no mechanical price adjustment.
• OSR Health shares remain fully market-driven despite new CVR share distribution.
• Enrolled OSRH holders gain extra shares at no cost under the loyalty program.
• Record date for OSR Health CVR Program enrollment falls on August 14, 2026.
• OSR Health CEO calls Nasdaq clarity a milestone for shareholder loyalty program.

OSRH traded at 0.4212, down 2.05% on the day, as the company confirmed a key Nasdaq clarification. Nasdaq stated verbally that OSR Health’s Shareholder Loyalty Contingent Value Rights program will not force any mechanical price adjustment. The confirmation covers both the CVR distribution and the later delivery of additional shares to enrolled holders.

OSR Holdings, Inc., OSRH

The clarification removes a structural question that had lingered over the loyalty program. OSR Health shareholders now know that no ex-date or downward adjustment will hit the stock price. Instead, the market alone will determine where OSRH shares trade going forward.

Nasdaq Clarifies CVR Mechanics for OSR Health

Nasdaq’s communication addressed a specific and technical concern for OSR Health shareholders. The exchange will not apply any automatic price adjustment tied to the CVR distribution. Nor will it adjust prices when additional shares reach enrolled holders under the program.

This distinction matters because many loyalty or rights programs carry built-in price mechanics. Those mechanics often reduce a stock’s reference price to offset new share issuance. OSR Health’s program avoids that outcome entirely, based on Nasdaq’s stated position.

The result is a purely additive structure for participating shareholders. Enrolled holders receive extra shares at no cost once price milestones are met. Yet the stock’s actual value stays fully subject to ordinary market forces and investor demand.

Loyalty Program Details and Enrollment Timeline

OSR Health shareholders of record on August 14, 2026 qualify for enrollment eligibility. Each qualifying share earns one CVR once enrollment steps are completed correctly. Enrolled and continuous holders can then earn bonus shares over the following year.

Four measurement dates will track defined closing-price thresholds across that twelve-month window. Meeting each threshold triggers an additional share delivery to eligible holders. OSR Health has published full enrollment instructions for domestic and international shareholders alike.

Peter Hwang, CEO of OSR Health, said the Nasdaq communication delivers real clarity. He noted that enrolled holders will receive extra shares while market forces set their value. Tim Smith, Head of Investor Relations, added that simplifying enrollment remains the company’s top priority now.

The post OSR Health, Inc. (OSRH) Stock: Nasdaq Confirms No Price Adjustment for Shareholder Loyalty CVR Program appeared first on Blockonomi.

TLDR

• Netskope earns Gartner SASE Leader status for the third consecutive year.
• NTSK gains Gartner’s highest Ability to Execute recognition in SASE.
• Netskope leads three Gartner SASE critical capability use cases.
• Netskope One strengthens AI-ready security and networking platform.
• Gartner recognition highlights Netskope’s expanding SASE platform strength.

Netskope, Inc. traded at $12.59, up 4.05%, after securing another major industry recognition. Gartner named the company a Leader in its 2026 Magic Quadrant for Secure Access Service Edge Platforms. Gartner placed Netskope highest in Ability to Execute for the third consecutive year.

Netskope, Inc. Class A Common Stock, NTSK

Gartner Recognition Reinforces Netskope’s SASE Leadership

The latest Gartner report positioned Netskope among the leading providers of Secure Access Service Edge platforms. The recognition marked the company’s third straight appearance in the Leader category. The report ranked Netskope highest for Ability to Execute among evaluated vendors.

The accompanying Gartner Critical Capabilities report also highlighted Netskope’s platform performance. The company achieved the highest score in three different SASE use cases. Those categories included Foundational SASE Platform, Zero Trust SASE Platform, and the new Sovereign SASE Platform.

Netskope received a score of 4.24 out of five for the Foundational SASE Platform use case. It also earned 4.43 for the Zero Trust category and 4.16 for Sovereign SASE. Consequently, the rankings demonstrated broad platform capabilities across multiple enterprise security requirements.

Netskope One Expands Unified Security and Networking Platform

Netskope continues building its unified security platform through Netskope One. The platform combines networking, security, analytics, and artificial intelligence into one integrated solution. As a result, organizations can manage modern security challenges through a single architecture.

The platform applies zero trust principles across users, applications, devices, and data. It also uses artificial intelligence to improve access, strengthen protection, and reduce security risks. Besides that, the platform supports secure connectivity for remote and hybrid work environments.

NewEdge powers the Netskope One platform through the company’s private cloud infrastructure. The network delivers low latency while supporting security, analytics, and AI services worldwide. Organizations can maintain security performance without sacrificing network speed.

Recognition Aligns With Long-Term Enterprise Security Trends

Netskope stated that the recognition supports growing demand for unified SASE platforms. Gartner also forecast continued growth in single-vendor SASE deployments during the coming years. The research expects half of new SASE deployments to use unified platforms by 2028.

The research also projected stronger demand for advanced artificial intelligence controls across enterprise security products. Vendors without integrated AI capabilities may require partnerships to remain competitive. Organizations are expected to prioritize stronger cloud security governance.

Another Gartner forecast suggested that more organizations will require sovereign cloud security controls by 2027. Geopolitical developments continue increasing demand for localized security management and compliance. Enterprise customers are placing greater emphasis on data sovereignty capabilities.

The post Netskope (NTSK) Stock: Third Consecutive Gartner SASE Leadership Highlights Platform Growth appeared first on Blockonomi.

Key Highlights

• Accenture (ACN) stock climbs 1.74% following announcement of UniCredit digital transformation initiative.

• The company will purchase IBM’s controlling interest in UniCredit’s technology joint venture.

• IBM continues providing advanced infrastructure, enterprise software, and advisory services.

• UniCredit aims to accelerate cloud migration, data analytics, and artificial intelligence rollout.

• The comprehensive initiative will upgrade banking technology infrastructure across thirteen countries.

Shares of Accenture plc (ACN) gained 1.74% to reach $166.13 following the disclosure of a significant banking sector technology alliance. The stock maintained upward momentum during trading and closed near session highs. This strategic arrangement positions Accenture as a central player in UniCredit’s comprehensive digital transformation spanning multiple European territories.

Accenture plc, ACN

Accenture Secures Controlling Interest in Technology Joint Venture

Accenture plans to purchase IBM’s controlling stake in the collaborative enterprise that manages substantial portions of UniCredit’s technological backbone. This acquisition will broaden Accenture’s responsibilities in overseeing platforms that power the financial institution’s operations throughout Europe. The transaction remains subject to regulatory clearance and customary completion requirements.

This joint venture presently operates a considerable portion of UniCredit’s essential technology capabilities. Accenture intends to leverage this foundation to create a more agile operational framework for the banking institution. UniCredit anticipates enhanced governance over future system enhancements and technological capital allocation.

This arrangement further solidifies Accenture’s standing in enterprise-scale financial services transformation initiatives. Financial institutions throughout Europe are actively replacing legacy infrastructure while maintaining rigorous security protocols, operational continuity, and regulatory adherence. Consequently, Accenture secures another prominent benchmark client for sophisticated modernization programs spanning multiple jurisdictions.

IBM Delivers Advanced Enterprise Technology Solutions

IBM will maintain its provision of enhanced platforms, enterprise applications, and strategic advisory services to UniCredit within this revised framework. Its offerings encompass IBM Z mainframe systems alongside additional technologies underpinning mission-critical banking functions. Concurrently, Accenture assumes expanded leadership over operational model development and infrastructure oversight responsibilities.

This collaboration merges IBM’s proven enterprise computing systems with Accenture’s strategic consulting and deployment expertise. UniCredit intends to integrate these foundational systems with contemporary cloud environments, advanced analytics platforms, and digital solutions. Consequently, the institution can modernize its service offerings while safeguarding the dependability of core operations.

IBM maintains extensive relationships with financial institutions dependent on mainframe architecture for processing substantial transaction volumes. These platforms handle payment processing, customer data management, regulatory compliance, and additional mission-critical workloads. The UniCredit transformation will modernize these foundational systems while preserving their processing capabilities.

UniCredit Accelerates Pan-European Technology Strategy

UniCredit maintains operations throughout thirteen European nations and seeks a unified technological platform supporting this extensive network. The redesigned infrastructure will enable the institution to deploy products and services consistently across diverse geographies. It will simultaneously eliminate operational disconnects between established infrastructure and contemporary digital capabilities.

The financial institution intends to advance cloud computing, analytics infrastructure, and artificial intelligence technologies throughout this multi-phase initiative. These technological enhancements should facilitate accelerated product development cycles and standardized customer experiences. They may additionally optimize operational effectiveness across technology departments and business divisions.

UniCredit has championed broader expansion while streamlining operations and enhancing profitability across its geographic footprint. Technology infrastructure now represents a fundamental component of this strategic direction. The partnership with Accenture and IBM provides the institution with enhanced organizational clarity for upcoming development phases.

The post Accenture (ACN) Stock Climbs on Major UniCredit Digital Transformation Deal appeared first on Blockonomi.

UNI rose 13% over the past 24 hours and reached $4.54 – a level not seen since January this year. The latest rally has lifted the asset’s gains over the past month to 60%.

The move came as Uniswap announced Launches in beta, a new tab on its Web App for discovering top token offerings. For now, Robinhood Chain is the first network featured in the new tab, but more networks are expected to be included.

New Tab Debuts

Uniswap said launchpad builders such as Bankr, Pons, Long, and others are using the platform as their trading infrastructure. The company added that Launches will give these projects more distribution. The feature currently includes token releases on Robinhood Chain, with more to come.

According to the platform’s stats, more than 340,000 new tokens launched into Uniswap across Robinhood launchpads in July alone. These collectively generated $3.6 billion in trading volume.

The new Launches tab pulls tokens from top launchpads into a single feed. Users can filter these or sort by 24-hour volume, liquidity, recently debuted, or trending.

The burn was another notable development for UNI this week, as 106,000 units were destroyed on July 29. That comes as the protocol faces renewed debate over its v4 fee structure. Some community members raised concerns that protocol fees could reduce returns for liquidity providers and push liquidity toward competing exchanges.

Uniswap founder Hayden Adams pushed back against what he called the “FUD and misunderstanding: around the changes. He said the new protocol fees are additive, meaning liquidity providers would continue earning the same 30 basis points on a 30bp pool. He also rejected claims that the protocol would take 25% of LP profits, and explained that a 5bp protocol fee on a 30bp pool amounts to about 14% of total swap fees, not LP earnings that already existed.

Adams also argued that the 5bp fee is significantly lower than the 100-200bp fees charged by centralized exchanges.

Zooming Out

The protocol has also been caught up in a wider wave of crypto scams targeting users through fake websites. Earlier this year, a fake Uniswap website was draining funds from crypto wallets. Experts warned that scammers had stolen at least $400,000. Users were advised to use only official links and verify protocols through DeFiLlama.

The warning followed a broader report from security group SEAL, which found a sharp rise in malicious Google Ads targeting crypto users. SEAL blocked more than 356 malicious ad URLs tied to scams impersonating Uniswap and other major platforms.

Interestingly, Uniswap was the most impersonated, as it accounted for 41% of tracked malicious sites. Losses linked to the campaigns exceeded $1.27 million between March 13 and March 30.

The post UNI Just Hit a 6-Month High as Uniswap Rolls Out New Token Discovery Tab appeared first on CryptoPotato.

Most leading cryptocurrencies have headed south over the past 24 hours, yet Hyperliquid’s HYPE is among the few to defy the latest red wave.

While it has risen by a mere 1.5%, one analyst assumed it might be gearing up for a staggering 40% pump in the near future.

The Necessary Condition

Currently, HYPE trades at around $54.70, placing it above the lower boundary of an important channel depicted by Ali Martinez. He suggested that if the asset holds the $53 level, a move up to $75 is possible. Also speaking on the matter was Altcoin Sherpa, who claimed that HYPE’s current level is “a good spot for a bounce.”

“Expecting huge tradfi trading volumes to come over the next few days too, which helps,” the analyst added.

Some on-chain signals also suggest that the asset may post additional gains in the short term. CoinGlass’s data shows that exchange outflows have dominated over inflows in the last several days, meaning that investors have transferred their holdings from centralized platforms to self-custody solutions. This is considered a bullish factor since it reduces the immediate selling pressure.

The Bearish Case

The number of pessimists, though, seems even more well-represented. X user Cut recently doubted HYPE’s potential, reminding of its inability to break its all-time high and wondering if its price would make a substantial decline. Ryker joined the discussion, projecting a plunge to $32 “soon.”

Cryptorphic also gave their two cents, arguing that HYPE is showing weakness after losing its long-term trendline and its price has broken below the key ascending support. They believe that if the $57-$58 range turns into resistance, the breakdown could confirm further downside, envisioning a possible crash under $30.

Meanwhile, the whales’ activity reinforces the pessimists’ outlook. Lookonchain disclosed that large investors keep selling HYPE, revealing the case of a market participant who purchased over one million tokens at an average price of $18 17 months ago and unstaked and deposited the stash into FalconX and Coinbase, perhaps with the intention to cash out.

The waning institutional interest adds more weight to the bearish perspective. Spot HYPE ETFs, which attracted substantial capital in June, have not appealed to pension funds, hedge funds, and other conservative investors during most days of July, with outflows significantly dwarfing inflows.

The post Hyperliquid (HYPE) Could Soar by 40% But Under This Condition: Details appeared first on CryptoPotato.

Bitcoin’s reaction to the Bank of Japan’s latest policy decision may look calm on the surface, but one analyst believes a much bigger liquidity risk is building beneath global markets.

His warning came after the BOJ left its benchmark interest rate unchanged at 1% on July 31.

Japan’s Bond Market Dilemma Could Spill into Crypto

According to EGRAG CRYPTO, Japan’s financial system has run for more than three decades on the assumption that money would stay almost free. That assumption formed after the Nikkei peaked near the end of 1989, and policymakers spent the following decades pushing rates toward zero to avoid a repeat collapse.

The approach let Japan pile up one of the largest public debt loads of any developed economy, and the Bank of Japan became the biggest single buyer of its own bonds.

The analyst wrote that “Japan is approaching one of the most dangerous monetary crossroads in modern financial history,” pointing to wage growth that has pushed past 5%, a level not seen since before the country’s deflationary stretch started.

That change weakens the old case for near-zero rates. Raise them, and Japan risks losses for banks, insurers and pension funds sitting on low-yield bonds, plus higher refinancing costs on its own debt. Keep them low, and the yen keeps sliding, pushing up import costs on energy and food.

Cheap yen also fed the carry trade for years, with investors borrowing in Japan and buying higher-yielding assets abroad, including US Treasuries, tech stocks and Bitcoin. EGRAG warned that a fast unwind would force those same assets to be sold to repay yen loans, a chain reaction that would not stay contained to Japan.

“Foreign assets are sold → yen is bought → yen strengthens → more leveraged positions are forced to close,” he wrote.

Bitcoin traded close to $64,000 following the rate decision, per CoinGecko data, up almost 9% in the past 30 days, although it was down nearly 2% for the week and roughly 18% over three months. The OG crypto had earlier shrugged off the volatility that came after the US Federal Reserve kept interest rates unchanged at 3.50% to 3.75% during the week.

Other Analysts Have Been Here Before

The idea that Japan could become a source of tighter global liquidity is not new. Earlier in the year, analyst Ted Pillows argued that rising Japanese bond yields were already making the yen carry trade less attractive, reducing the flow of money into higher-risk assets such as cryptocurrencies.

More recently, market commentator Hupzy suggested prolonged yen weakness could continue supporting demand for Bitcoin and stablecoins, while warning that any sudden intervention by Japanese authorities could trigger short-term liquidations across crypto markets.

EGRAG himself stopped short of claiming that a major unwind is already underway. Instead, the analyst suggested that investors should closely watch the yen, Japanese government bond yields, Bank of Japan policy decisions and capital flows for signs that the country’s decades-old monetary system is beginning to change, with consequences that could eventually extend to Bitcoin and the broader digital asset market.

The post Japan’s Bond-vs-Yen Dilemma Could Shake Bitcoin and Crypto: Analyst appeared first on CryptoPotato.

The team behind the second-largest meme coin introduced an interesting challenge for its community aimed at increasing the token’s global popularity.

Some members said they plan to take advantage of the initiative soon, while others pointed to important reasons to avoid it.

SHIB in the Air

Earlier this week, the major international airline Emirates shook hands with Crypto.com, thus allowing UAE residents to book flights using the digital payment solution on the exchange’s website and application.

Shiba Inu’s official X account shared the update, reminding that SHIB is among the numerous tokens supported by the platform. It also encouraged its community to put the initiative to the test.

Many users applauded the news, and some asserted that they will use the meme coin as a payment method in the coming days. Others said they will never part with their coins, reminding the case of the programmer Laszlo Hanyecs, who bought pizza with Bitcoin (BTC) in 2010.

“Never using my SHIB for paying for anything, I don’t wanna end up being like that guy that bought pizza with his Bitcoin,” CryptoKing stated.

In the crypto world, Hanyecs’s story is considered both legendary and deeply instructive. 16 years ago, he spent 10,000 BTC to buy two pizzas, showing that the cryptocurrency can already be used as a payment method. At that time, the stash was worth around $40, yet at current rates it equals over $630 million.

Alongside promoting the idea of purchasing flight tickets with SHIB, the team has kicked off preparations for its sixth birthday, set for August 1. The community is already speculating whether the celebration will come with a major ecosystem update, but so far there are no signs that this will happen.

SHIB Price Outlook

Last weekend, the self-proclaimed Dogecoin killer posted a sudden and somewhat unexpected daily increase of 35%. Among the potential catalysts that have triggered the pump are a mysterious whale who has resumed accumulating after more than half a year of inactivity, as well as the notable resurgence of the burning mechanism.

In the following days, though, the bears stepped in and erased most of the gains, with SHIB currently trading at around $0.000004702, which is still a 12% jump on a weekly scale. According to Santiment, there were 52 whale transactions amid the rally, suggesting that large holders took profits. At the same time, retail investors joined the party too late and gave whales the necessary liquidity to reduce their exposure.

The analytics platform suggested that the optimal approach with meme coins like SHIB is to exit when retail FOMO surges and return once the crowd turns hostile and labels the token a scam.

The post Shiba Inu Team Sets a New Challenge for the SHIB Army: Who Goes First? appeared first on CryptoPotato.

It was a very eventful week in terms of economic activity, with most of the focus turned to the Wednesday conclusion of the second FOMC meeting under new Fed Chair Kevin Warsh.

But before we head into the details of the central bank’s decision, let’s explore what transpired prior to that. Last week, the US CPI numbers came out, and inflation data was actually a lot better than many expected. BTC went on a rally after that, peaking at $67,000, where it was rejected but still managed to close the week at around $64,000.

It regained some traction on Monday after the de-escalation news on the Middle East front. The cryptocurrency jumped past $65,000 and touched $65,600 on a couple of occasions. However, the predominantly bearish sentiment was too strong, and the asset dumped below $63,000 a day later.

The bulls managed to intervene and didn’t allow another immediate leg down. Instead, BTC started to regain traction after the United States Federal Reserve kept the rates unchanged. The asset challenged $65,500 once again on Friday morning. However, a familiar end-of-the-week scenario repeated, and the cryptocurrency was rejected even after the Bank of Japan followed the Fed’s example and maintained the rates.

The subsequent leg down has been quite painful, with BTC sliding below $62,500 minutes ago for the first time in over two weeks. Some altcoins have it even worse, with RAIN plummeting by double digits, while ZEC, XLM, and HYPE are down by up to 8%.

Market Data

Market Cap: $2.275T | 24H Vol: $60B | BTC Dominance: 55.3%

BTC: $62,700 (-0.5%) | ETH: $1,858 (+1.7%) | XRP: $1.06 (-1.7%)

This Week’s Crypto Headlines You Can’t Miss

New York Sues Kalshi as Legal Pressure on Prediction Markets Intensifies. In a major development from earlier today, New York Governor Kathy Hochul and Attorney General Leticia James filed a lawsuit against Kalshi, arguing that it operates illegal gambling products without the proper license in the state.

A Rocky Year: Ethereum Turns 11 Years as ETH Trades 61% Below the High Set Last August. Ethereum celebrated its 11th birthday on July 30. In this article, we explore the good and bad over the past few years, including some controversial developments around the blockchain and the foundation behind it.

Bitcoin’s Next Bull Run Could Follow US Midterms: Analyst. US Midterm election years are not favorable for bitcoin historically. One analyst claimed that once they are over, BTC’s major rally could finally commence. Another analyst outlined a major price prediction, indicating that the cryptocurrency can peak at somewhere around $400,000 per unit within less than two years.

‘OC’ Actor Ben McKenzie Urges Congress to Block CLARITY Act Over Trump Ties. The CLARITY Act remains one of the most discussed topics within the cryptocurrency community and in Washington. In a surprising development from the past week, OC actor Ben McKenzie argued that the bill should be blocked over its potential aid to Trump and his family.

Circle’s IBM Patent Deal Brings Nearly 1,000 Blockchain Patents. The company behind the second-largest stablecoin said it had expanded its blockchain patent portfolio by purchasing nearly 1,000 such patents from IBM. This includes more than 680 patent families and nearly 1,000 issued worldwide, covering core blockchain tech, banking, financial services, and insurance.

Saylor’s Strategy Keeps Rebuilding Its Cash Pile, Putting Bitcoin Buys on Hold. The world’s largest corporate holder of BTC has continued its BTC purchase pause for a fifth consecutive week. Instead, Strategy keeps growing its USD reserve. Another $525 million injection brought the total USD stash to $3.75 billion, enough to cover 2.1 years of dividend payments.

Charts

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.

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