Bybit has sued North Korea, its intelligence agency and the Lazarus Group in a U.S. federal court as the exchange seeks to recover assets stolen in the record $1.5 billion crypto hack. Summary Bybit filed its case against North Korea, the RGB and Lazarus Group in Washington, D.C. A federal judge issued a preliminary injunction…
Coinbase CEO Brian Armstrong said crypto adoption will continue through stablecoins, tokenization and expanding digital asset markets despite the Senate delaying the CLARITY Act. Summary Armstrong said crypto momentum continues regardless of the congressional timetable. Senate leaders postponed the CLARITY Act vote until September after negotiations failed to produce an agreement. Stablecoin rewards, political ethics…
Impersionation frauds are increasing in number and potential danger. Scammers impersonating financial regulators and licensed exchanges are targeting crypto holders who are still moving assets five weeks after the EU’s licensing deadline under the Markets in Crypto-Assets Regulation (MiCA). This is according to several regulators, including France’s Autorité des Marchés Financiers (AMF), the Dutch…
The U.S. Senate has initiated the process for considering the CLARITY Act, setting up an initial procedural vote after lawmakers return from their August recess. Summary Senate leadership filed a motion to begin considering the CLARITY Act late Friday. The procedural step positions the bill for an initial vote in September. Negotiations remain divided over…
The update introduces privacy and institutional-focused features designed to make the network more attractive for tokenized financial assets. XRPL has released version 3.3.0, which takes another step toward becoming infrastructure for institutional tokenization. It introduces several proposed amendments focused on privacy, payments, and managing real-world assets (RWAs). Confidential Transfers Perhaps the most significant new…
Bitcoin price held near $65,000 on Aug. 8, but its failure to reclaim the short-term holder cost basis left the recovery exposed to renewed selling. Summary Bitcoin price traded near $65,015, about 3.7% below the short-term holder realized price. The $67,523 cost basis could attract selling from holders seeking to exit near breakeven. 4-hour momentum…
Morgan Stanley’s spot Bitcoin ETF added approximately 232.5 BTC worth $15.05 million as Bitcoin traded below $65,000, lifting the fund’s holdings above 6,500 BTC for the first time. Summary MSBT added 232.5 BTC, valued at approximately $15.05 million, according to Arkham. The fund’s holdings increased to 6,563 BTC worth more than $426 million. BlackRock, Fidelity…
European Union officials are preparing to revise the bloc’s MiCA crypto framework in 2027 as foreign stablecoin restrictions and faster U.S. rulemaking expose gaps in the existing regime. Summary EU diplomats reportedly expect MiCA revisions in 2027, despite an ongoing European Commission consultation. Changes could address rules that have left non-EU stablecoins such as USDT…
U.S. spot Bitcoin ETFs attracted $853.5 million during five consecutive inflow sessions as August demand reversed the previous week’s withdrawals. Summary Bitcoin ETFs recorded five straight inflow days from Aug. 3 through Aug. 7. Weekly net inflows reached approximately $853.5 million, according to SoSoValue. August flows are already nearly five times July’s $172.4 million total….
Meanwhile, the spot Ethereum ETFs extended their consecutive weekly streak to five in a row. After a shaky July in terms of ETF performance, the Bitcoin funds started August with a bang, attracting more than $800 million in the first full week of the month. This coincided with the underlying asset’s price revival, as…
