Step App sets Aug. 21 shutdown deadline
Step App will close all services on Aug. 21 after four years, telling users to unstake tokens as FITFI faces exchange delistings.
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Hong Kong Fun Coffee crypto scam losses top HK$104M
Hong Kong police have received 255 reports linked to the alleged Fun Coffee cryptocurrency investment scam, pushing total reported losses to about HK$104 million as investigators continue making arrests and expanding the probe. According to Hong Kong 01, Hong Kong…
BNB tops Grayscale Smart Contract Fund at 30.6%
Grayscale added BNB at a 30.6% weight in its Smart Contract Fund, ahead of Ether and Solana, while trimming UNI and NEAR during its Q2 rebalance.
Bitcoin price targets $68K as bulls test $65K
Bitcoin price approached $65,000 on Aug. 6 as easing concerns over the Strait of Hormuz and improving technical momentum supported its recovery from the low-$62,000 region. Bitcoin price action today According to data from crypto.news, Bitcoin (BTC) traded around $64,615…
PowerCompute uses 307 BTC to refinance $18M debt through Arch Lending
PowerCompute has refinanced and consolidated $18 million of existing debt into a Bitcoin-backed credit facility using 307 BTC as collateral, lowering its borrowing cost while keeping its Bitcoin treasury intact. According to a press release issued by PowerCompute on Wednesday,…
Coinbase brings nearly 4,000 U.S. stocks to UK users
Coinbase has begun rolling out access to nearly 4,000 U.S. stocks for eligible UK users, bringing 24/5 equities trading, zero-commission investing and USDC-funded purchases to its platform as it expands its Everything Exchange strategy. According to Coinbase, eligible UK customers…
RWA deposits triple to $7.4B despite DeFi slump: CoinShares
RWA deposits across DeFi reached $7.4 billion as tokenized asset trading and collateral use grew despite declines in broader crypto activity.
StrongBlock loses $72K after attacker hijacks abandoned governance system
An attacker has drained about $72,000 worth of STRONG and STRNGR tokens after taking control of StrongBlock’s abandoned on-chain governance system through a malicious proposal. According to blockchain security firm Defimon Alerts, the attacker acquired enough voting power in StrongBlock’s…
Block adds 85 Bitcoin, treasury rises to 9,117 BTC after S&P 500 entry
Block Inc. has increased its corporate Bitcoin treasury by 85 BTC, taking its total holdings to 9,117 BTC and moving the Jack Dorsey-led company to 15th place in the Bitcoin 100 corporate holdings ranking. According to Bitcoin Treasuries.NET, Block’s latest…
How a five-year-old build flag drained $116 million from bitcoin’s most trusted hardware wallet
A single line of firmware shipped in March 2021 told every Coldcard hardware wallet to skip its dedicated randomness chip. For five years nobody noticed. Then an attacker brute-forced the weak seeds in 41 minutes, draining 1,816 BTC from more…
How Uniswap’s fee switch could change the economics of DeFi governance tokens
The UNIfication proposal passed with 99.9% support, activated the fee switch, and burned 100 million UNI tokens. Eight months later, protocol revenue has reached $23 million and Ark Invest estimates annualized burns at $90 million. The question is no longer…
Western Union’s stablecoin play: can legacy finance win the digital payments race?
Western Union launched Stablecard across 37 markets on August 4, putting its USDPT stablecoin on Solana into the hands of consumers through a Visa card. The 173 year old remittance giant is betting that 380,000 cash-out locations will beat crypto-native…
The CLARITY Act: inside the Senate battle that will define DeFi’s future
Three unresolved fights over presidential crypto income, developer liability, and $1.35 billion in stablecoin yield stand between the most ambitious digital asset bill in American history and a legislative graveyard. With Polymarket odds at 13% and the August recess days…
JPYC has raised $38 million as AZ-COM Maruwa backs stablecoin expansion in Japan
JPYC has raised a total of 6 billion yen ($38 million) through an extended Series B round, adding fresh corporate backing as the Japanese stablecoin issuer expands its payment network and Web3 financial services. JPYC Inc. announced on Wednesday that…
Guangdong free trade zone plan includes cross border digital yuan push
Guangdong has proposed expanding cross-border digital yuan payment pilots and other cross-border financial programs as part of a draft development plan for the China (Guangdong) Pilot Free Trade Zone. According to a draft of the China (Guangdong) Pilot Free Trade…
EU warns of crypto scams exploiting MiCA licensing transition
Fraudsters have begun impersonating European financial regulators and licensed crypto businesses to exploit customers moving funds after the European Union’s MiCA licensing deadline reshaped the regional crypto market. The Financial Times, citing European regulators, reported that several watchdogs have identified…
Bitcoin Red Team finds 4,962 issues reviewing Bitcoin projects after Coldcard exploit
A volunteer Bitcoin security initiative has identified 4,962 potential security issues across 390 Bitcoin-related projects during its first 29.8 hours of AI-assisted code reviews, with 720 classified as high or critical severity. According to Bitcoin developer Calle, the Bitcoin Red…
Uniswap launches first Robinhood Chain launchpad
Uniswap launched Pools.trade on Robinhood Chain, offering crowd and instant token launches with permanently locked Uniswap v4 liquidity.
Putin signs law opening regulated crypto trading in Russia
Russia will open regulated crypto trading to retail investors on Sept. 1, with a 300,000-ruble annual cap while domestic payments stay banned.
Upbit lists CAP in KRW, BTC and USDT markets
Upbit opened CAP trading against KRW, BTC and USDT, adding a second major South Korean venue for the Ethereum governance token.