The Blockchain Association supports Custodia Bank’s Supreme Court appeal over Fed master account access, saying the case is about ensuring ’lawful digital asset businesses can compete on equal footing.'
Metaplanet CEO dismisses bitcoin sale rumors, confirms 43,000 BTC holdings, and reaffirms commitment to long-term accumulation strategy.
Crypto exchange Crypto.com has officially launched tokenized stock derivatives trading, joining a tokenized stock market that has grown 600% in the past year, though the product offers price exposure rather than actual equity ownership.
Blockchain project Harmony suffered a major security breach when an attacker exploited a vulnerability to mint 4 billion ONE tokens, equivalent to a quarter of circulating supply, causing the ONE token price to plummet 26%.
An XRP cross-chain bridge suffered a security incident when software errors mistook fake deposits for real ones, allowing attackers to extract $200,000 worth of real XRP tokens. The bridge has been halted and the operator has filed a complaint with the FBI.
Core Summary UK lawmakers expressed strong dissatisfaction with banks refusing banking services to compliant crypto firms, calling it “one of the single biggest barriers to growth.” A parliamentary committee has formally demanded major banks explain their crypto client policies. Event Overview According to The Block and CoinDesk, a UK parliamentary committee recently questioned executives from major banks about why they refuse basic banking services to crypto companies registered with the Financial Conduct Authority. Lawmakers noted that many compliant crypto firms have been forced to relocate operations overseas due to lack of bank accounts, threatening the UK’s position as a fintech hub. ...
Core Summary Cryptocurrency Ravencoin is considering rolling back four days of transactions after discovering a critical block validation flaw. The extreme measure highlights blockchain network vulnerability to underlying protocol issues. Event Overview According to CoinDesk, the Ravencoin network discovered a critical flaw affecting block validation. To prevent potential fund losses from exploitation, the development team proposed rolling back the blockchain to a state before the flaw was discovered, effectively reverting all transactions from the past four days. ...
Core Summary The U.S. Securities and Exchange Commission (SEC) has announced it will hold a meeting this week to vote on proposing a new regulatory framework called “Reg Crypto,” aimed at providing clear compliance pathways for certain types of digital asset offerings. This marks the SEC’s first major crypto rulemaking process since its establishment, signaling a new phase in U.S. crypto asset regulation. Event Details According to CoinDesk reporting, the SEC plans to formally introduce the Reg Crypto rule proposal at its public meeting this week. The rule aims to provide exemption from registration or streamlined registration procedures for digital asset offerings that meet specific conditions, while clarifying issuers’ disclosure obligations and investor protection requirements. ...
Core Summary Cryptocurrency exchange Coinsbuy suffered a coordinated two-blockchain attack, losing approximately $8 million in assets. Security researchers say the attackers simultaneously targeted two different blockchains, demonstrating highly sophisticated attack techniques. Event Details According to CoinDesk, Coinsbuy exchange confirmed a security incident on August 10, with attackers exploiting smart contract vulnerabilities to launch simultaneous attacks on two different blockchains. Preliminary investigations show losses of approximately $8 million. Security teams are tracking fund flows and working with blockchain analytics firms to attempt to freeze stolen assets. Coinsbuy has suspended deposit and withdrawal services on the affected blockchains and stated it will fully compensate affected users. ...
Core Summary North Korea’s notorious hacking group Kimsuky has integrated artificial intelligence technology into its cyberattack toolkit, primarily targeting cryptocurrency exchanges and financial institutions, according to security researchers. This marks a significant escalation as state-sponsored hacking organizations begin leveraging AI to enhance attack efficiency. Event Details According to The Block, Kimsuky has traditionally been known for spear phishing and social engineering attacks, primarily targeting cryptocurrency-related intelligence and funds. Latest research shows the group now deploys AI-driven automated attack tools capable of more precisely identifying targets, generating phishing content, and evading detection. ...