Cryptocurrency

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 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. ...

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 Tokenized asset giant Ondo Finance is embroiled in an intense battle for control following the death of founder Nathan Allman. Delaware court filings reveal that Allman’s mother is seeking to take over the company and remove current CEO Ian De Bode. The inheritance dispute exposes systemic deficiencies in corporate governance and succession planning within the crypto industry. Event Details According to three Delaware court filings, Ondo Finance’s corporate governance has descended into chaos following the death of founder Nathan Allman in May. Allman’s mother is now seeking control of the company and demanding the removal of current CEO Ian De Bode. ...

Prominent investment firm Ark Invest increased its holdings in Circle and SpaceX following Q2 earnings, demonstrating continued optimism about crypto finance and the space industry.

Samsung Poised to Become Dominant Stablecoin Distributor with 800M Galaxy Wallets [Core Summary] According to CoinDesk, analysts say Samsung is preparing to transform its 800 million Galaxy phones into wallets for digital assets and blockchain payments, potentially becoming one of the world’s largest stablecoin distribution platforms. This strategic move marks deep entry by a traditional tech giant into crypto financial infrastructure, potentially revolutionizing the path to mainstream digital payment adoption. ...

Core Summary POAP (Proof of Attendance Protocol) has announced it will shut down, ending more than five years of operations. The platform was used by approximately 46,210 issuers including Coinbase and American Express to create onchain event mementos for users to mint. POAP’s closure marks the end of an era in early NFT utility experimentation. Editor: GoodInfo Global News Team

The world’s largest asset manager BlackRock announced expansion of its tokenized cash business, launching new blockchain-based money market funds designed to qualify as eligible reserve assets under the US GENIUS Act for stablecoin issuers.

Summary Tether, the world’s largest stablecoin issuer, reported $1.5 billion in operating profit for Q2 2026 and significantly expanded its reserve portfolio. The company added 14 metric tons of gold and approximately 1,800 bitcoin during the quarter, reinforcing its asset backing strategy. This performance highlights the stablecoin industry’s ability to generate substantial returns even amid crypto market volatility. Details According to Tether’s latest financial disclosure, the company recorded $1.5 billion in operating profit in Q2 2026. This figure reflects the interest income earned from holding U.S. Treasury bills and other high-yield assets by stablecoin issuers. ...