Category: crypto
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Crypto wrench attacks steal $30M in first half of 2026: Chainalysis
In the first half of 2026, violent attacks on crypto holders worldwide resulted in more than $30 million stolen, according to Chainalysis. France had the highest number of incidents, with 30 known cases. The attacks included kidnappings, home invasions, and hostage situations, with a rising trend of targeting family members and acquaintances.
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Zeus Wallet takes infrastructure offline after cybersecurity incident
Zeus Wallet has taken its infrastructure offline to conduct a full systems audit after mitigating a cybersecurity incident. No customer funds were lost or at risk, and users with closed Lightning Service Provider channels will receive replacements. Bitcoin developers are increasing security reviews following recent Coldcard wallet attacks.
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CLARITY Act weekend vote fades as Senate holds off
The CLARITY Act, a bill related to the crypto market structure, did not receive a weekend Senate vote as expected. The delay was due to leadership not taking procedural action to advance the bill. Bipartisan negotiations are ongoing, but the bill’s chances of becoming law in 2026 have decreased to 17%.
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Optimism forecasts 343M more OP in circulation
Optimism predicts circulating supply to reach 2.504 billion OP by April 2027 in its Year 4 budget update. Year 5 outlook includes 200 million ecosystem tokens and 47.6 million contributor tokens in circulation. Budget directs 200M OP to ecosystem with no airdrops or Retro Funding in Year 5. Buybacks acquired over nine million tokens.
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OpenAI acquires Rain AI patents after takeover talks fail
OpenAI acquired some Rain AI patents after failed negotiations for a complete takeover. The financial terms were not disclosed, and Rain AI is close to shutting down. Rain AI developed energy-efficient AI chips, and the transaction expands OpenAI’s hardware assets. The deal allows OpenAI to access chip designs and related research.
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CFTC chief backs innovation in $1.2 quadrillion derivatives market
CFTC Chairman Michael Selig supports financial innovation in the global derivatives market, with contracts now exceeding $1.2 quadrillion. He advocates for regulatory flexibility to promote competition and prevent restrictive rules. Selig’s approach includes modernizing regulations, collaborating with the SEC on crypto markets, and balancing innovation with investor protection and market integrity.
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Bitwise XRP ETF sees reported $3.58M redemption
Bitwise’s XRP ETF saw a $3.58 million outflow on Aug. 6, sparking discussions on social media. This net redemption doesn’t indicate a bearish move by Bitwise. Redemptions can be in cash or XRP, but no evidence suggests Bitwise made a market call against XRP. The fund’s holdings have fluctuated, reflecting various factors.
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Elizabeth Warren backs crypto rules, rejects CLARITY Act
Senator Elizabeth Warren supports establishing federal rules for digital assets but rejects the current CLARITY Act due to concerns over corruption, consumer protection, national security, and financial stability. She argues that the bill lacks necessary safeguards and could potentially weaken regulators and allow digital asset companies to exploit gaps between federal agencies. Warren’s opposition is…
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Ethereum Foundation opens role for AI security researcher
The Ethereum Foundation is hiring a protocol security researcher to use AI, fuzz testing, and audits to find vulnerabilities in Ethereum’s infrastructure. The researcher will focus on execution, consensus, networking, and client software. Previous AI tests have identified real bugs. The new role aims to combine automated discovery with manual verification for security.
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MyTrade founder fined $10K over crypto wash trading
MyTrade founder Liu Zhou was fined $10,000 for using bots to conduct wash trades for dozens of tokens. He pleaded guilty to conspiracy to commit market manipulation and wire fraud. An FBI operation exposed MyTrade’s market-manipulation services through the NexFundAI token. MyTrade has shut down its wash-trading bots.