Binance-affiliated companies have launched a high-profile legal battle against stablecoin payments provider RedotPay, accusing the firm and its co-founders of improperly diverting nearly half a million Binance users in violation of commercial agreements. The lawsuit, filed in Hong Kong, seeks approximately $472.8 million in damages, marking one of the most significant legal disputes to emerge…
Solana validators are moving closer to advancing a governance proposal that could significantly reshape the network’s tokenomics by dramatically increasing the amount of SOL permanently removed from circulation while accelerating the reduction of new token issuance. The proposal, SGP-0003, combines two previously introduced Solana Improvement Documents (SIMDs) into a single governance package designed to tighten…
Proof of Play, the Andreessen Horowitz (a16z)-backed Web3 gaming studio behind the fully on-chain RPG Pirate Nation, is shutting down after concluding it could not build a scalable and sustainable blockchain gaming business, marking another high-profile setback for the Web3 gaming industry. The company announced on Aug. 4 that it will cease operations after failing…
A former FBI supervisory special agent has been charged with stealing nearly $1 million in cryptocurrency from digital wallets tied to an active counterintelligence investigation, in a case that underscores the risks of insider abuse as law enforcement agencies increasingly rely on digital assets in national security probes. Patrick Steven Yaroch, who previously held a…
Mastercard has officially completed its acquisition of London-based stablecoin infrastructure provider BVNK, marking a major step in the payments giant’s strategy to bridge traditional financial systems with blockchain-based digital assets. The deal strengthens Mastercard’s ability to support seamless value transfers between fiat currencies and stablecoins while expanding enterprise-grade infrastructure for the next generation of global…
Strategy Inc., the Bitcoin treasury company tied to Michael Saylor, sold 1,638 BTC in the week from July 27 to August 2, 2026, according to an 8-K filing submitted to the SEC on August 3. The transaction generated approximately $104.73 million, as the company began using Bitcoin to fund preferred stock dividends and buy back…
The U.S. Senate has entered a crucial week for cryptocurrency legislation after the Digital Asset Market Clarity (CLARITY) Act was absent from Monday’s official floor schedule, leaving lawmakers with just days to begin advancing the bill before Congress starts its August recess. With senators set to leave Washington on August 10, leadership now has roughly…
A sophisticated attack exploiting a years-old vulnerability in Bitcoin cold wallets has expanded significantly, with blockchain researchers estimating that nearly $89 million worth of BTC has now been stolen from more than 4,500 wallet addresses. The campaign, which targets wallets created using vulnerable COLDCARD firmware released in March 2021, has evolved through multiple attack waves…
Tether, the issuer of the world’s largest stablecoin USDT, reported $1.5 billion in net operating profit for the second quarter of 2026, as returns from its U.S. Treasury portfolio continued to power earnings despite declines in the value of its Bitcoin and gold holdings. According to the company’s latest quarterly attestation, verified by BDO, Tether…
New York has filed a sweeping lawsuit against prediction market platform Kalshi, accusing the company of operating an illegal gambling business and seeking penalties that could total at least $36 billion. The lawsuit, filed on July 31 by New York Attorney General Letitia James and backed by Governor Kathy Hochul, argues that Kalshi has been…
