Category: crypto

The Ethereum Foundation appointed Pascal Caversaccio, known as pcaversaccio, to its board for a one-year voluntary term. This expands the board to four members, focusing on privacy, security, and censorship resistance. Caversaccio brings expertise in security and privacy from his work with SEAL 911. His main responsibility is board-level oversight.

Trade.xyz will cover liquidation losses from an SK Hynix price anomaly that occurred on July 27 at 23:01 UTC. The mark price of SK Hynix fell 18.7%, triggering forced closures of leveraged long positions. Eligibility rules for compensation are pending, and Trade.xyz plans to strengthen controls for rare market pricing events.

ARK Invest’s director of digital assets research, Lorenzo Valente, stated that the crypto industry is undergoing a significant consolidation phase, with revenue and investment concentrating on fewer businesses. Hyperliquid and Pump.fun generate 67% of application revenue, with Valente predicting more mergers, acquisitions, and closures in the coming months. Recent bankruptcies and closures in the industry…

Crypto security losses of $1.1 billion were recorded in 212 incidents in the first half of 2026, with operational security failures causing 74% of the losses. A cluster linked to North Korea accounted for 55% of the losses. Ethereum and Solana projects were particularly affected, with compromised devices and infrastructure leading to significant losses. Recovery…

Ionic Digital’s shares rose 25.8% from their $50 opening price during the company’s Nasdaq debut, closing at $62.90. The closing price gave the company an equity value of approximately $2.83 billion. The company is transitioning from Bitcoin mining to AI infrastructure, with significant revenue expected from leasing agreements.

South Korea’s Financial Services Commission plans to consolidate 10 pending digital asset bills into a Digital Asset Basic Act with the ruling Democratic Party. The proposed framework will cover stablecoins, exchanges, disclosures, and internal controls. Meanwhile, lawmakers are also seeking to repeal the 22% crypto tax scheduled for January 2027.

Tether and the Nairobi Securities Exchange signed a memorandum of understanding to explore tokenized securities, blockchain-based market infrastructure, and digital asset education in Kenya. The focus will be on Hadron, Tether’s platform, for creating and managing tokenized assets, with plans for fractional access, instant settlement, and compliance with Kenyan regulations. Regulatory approvals will determine the…

Uniswap founder Hayden Adams denied claims that the new v4 protocol fees reduce liquidity providers’ earnings. The activation of the v4 protocol fees across seven chains was supported by 46.6 million UNI. Liquidity providers retain existing earnings while traders pay a separate protocol charge. Critics misunderstood the fee calculation.

RL1, a Luxembourg-based cooperative owned by 10 financial institutions, started operations on July 28. The network aims to support regulated tokenized markets and digital money. NatWest is expected to join soon, while KfW and L-Bank are supporting network expansion efforts. RL1 gives equal governance rights to all founding institutions.

Myanmar’s Parliament passed the Anti-Online Scam Bill targeting digital currency fraud, online scam centers, and forced scam labor. The bill includes penalties of 10 years to life in prison and even death penalty for certain offenses. The legislation aims to combat the active scam-center industry in Myanmar. The final law implementation and enforcement are pending.