President Trump launched another attack on the Federal Reserve by attempting to remove Governor Lisa Cook, triggering sharp market reactions including a plunging dollar and surging bond yields as concerns over central bank independence intensified.
Summary US nonfarm payrolls unexpectedly fell by 23,000 in July, far missing the forecast of 80,000 gain. Bitcoin surged past $65,000 following the data release as traders priced out a September Fed rate hike. Details According to The Block, Bitcoin rallied past $65,000 after the jobs data. Analysts note the weak employment figures significantly reduced the probability of a September Fed rate hike, driving capital into risk assets. Meanwhile, Bitcoin miners MARA and CleanSpark reported double-digit revenue drops as they continue pivoting to AI infrastructure. MARA’s net loss widened to $611.3 million while CleanSpark’s was $239.8 million. ...
Summary Prediction market platform Polymarket was found to have a critical price manipulation vulnerability: traders could exploit a five-second window to artificially push prices and extract millions in profits. After months of public warnings from onchain analysts, Polymarket is moving to implement time-weighted average prices. Details According to CoinDesk, the vulnerability stems from Polymarket’s pricing mechanism being too reliant on instantaneous prices, allowing attackers to profit by manipulating prices in extremely short time windows. Onchain security analysts discovered and publicly warned about this issue months ago, but the platform had not taken effective action until now. ...
Summary Mexico and Peru have formally restored diplomatic relations, ending a crisis that began when former Peruvian Prime Minister Betssy Chavarria sought asylum in the Mexican embassy in November 2025. The two countries have resumed diplomatic personnel exchanges after months of severed relations, marking an important repair in Latin American diplomatic relations. Details According to BBC reporting, the diplomatic rupture stemmed from a political asylum dispute in late 2025. Former Peruvian PM Chavarria entered the Mexican embassy seeking asylum while facing domestic political charges, prompting strong objections from the Peruvian government. Both countries subsequently withdrew ambassadors and downgraded diplomatic levels. ...
Summary Russia’s Federal Security Service (FSB) announced a crackdown on unlicensed crypto exchanges allegedly linked to Ukraine, arresting at least 20 individuals connected to a network that scammed Russian citizens. The operation is the latest in Russia’s recent push to strengthen crypto regulation. Details According to CoinDesk, the FSB stated these unlicensed exchanges were suspected of providing fund transfer channels for Ukrainian interests while defrauding Russian citizens of crypto assets. Those arrested include exchange operators, technical staff, and money laundering intermediaries. ...
Summary Spain has threatened retaliation if Italy does not lift border controls targeting migrants arriving from the Ceuta direction. The dispute follows a mass crossing of migrants from Morocco into the Spanish enclave of Ceuta, sparking intense debate within Europe over migration responsibility sharing. Italy has stated it will not accept “ultimatums or impositions.” Details According to BBC reporting, Italy tightened border checks on arrivals from the Ceuta direction following last week’s mass crossing event. Ceuta’s local leader says thousands of migrants remain stranded and estimates that approximately 100 deaths may have occurred during the crossing of roughly 78,000 migrants from Morocco. ...
Core Summary Cryptocurrency exchange Bybit has filed a lawsuit against North Korea’s Lazarus Group hacking organization and the Democratic People’s Republic of Korea, seeking to recover approximately $1.5 billion in losses from an earlier hack this year. A court has granted a preliminary injunction freezing assets linked to the stolen funds, marking one of the largest legal recovery actions in crypto history. Event Details According to CoinDesk, Bybit suffered one of the largest hacks in crypto history earlier this year when attackers used sophisticated social engineering and technical methods to breach the exchange’s hot wallet system, stealing approximately $1.5 billion in crypto assets. After months of investigation, Bybit confirmed the attack was orchestrated by the North Korea state-sponsored Lazarus Group. ...
Core Summary Saudi Arabia, Turkey, and Pakistan have formally signed a mutual defence agreement, pledging that an attack on any one member will be considered an attack on all three. The historic pact, signed amid escalating Middle East tensions, represents a breakthrough in security cooperation among major Muslim powers and could reshape the geopolitical landscape of the region and beyond. Event Details According to Reuters and BBC reporting, the three nations issued a joint statement declaring that “any act of aggression against one member constitutes aggression against all.” Pakistan emphasized that the agreement demonstrates the three countries’ firm solidarity in the face of regional security threats. ...
A Michigan judge denied Coinbase’s bid to block state enforcement of a sports event contract, ruling against the crypto exchange’s attempt to avoid state-level regulation of prediction markets.
An international team of astronomers has released the highest-resolution image ever captured of the Sun’s visible surface using the Daniel K Inouye Solar Telescope in Hawaii, revealing tiny plasma whirlpool-like patterns never seen before, providing unprecedented new perspectives on solar magnetic fields and atmospheric dynamics.