Author: John Smith

Coinbase has replaced or reassigned four senior leaders after cutting 14% of its workforce, as the exchange builds a platform spanning crypto, stocks, derivatives and prediction markets. Summary Coinbase is replacing or reassigning four senior leaders during its multi-asset expansion. Dominique Baillet is expected to succeed Lawrence Brock as chief people officer. Stocks and prediction markets are growing as weak crypto conditions pressure COIN. A Coinbase regulatory filing states that Chief People Officer Lawrence Brock will leave his position on Aug. 17 and remain with the company through Sept. 1 to transfer his duties. Coinbase expects to appoint Dominique Baillet…

A US police union representing more than 382,000 members has reversed its position and endorsed the latest CLARITY Act after lawmakers added language addressing its concerns about cryptocurrency investigations. Summary The National Fraternal Order of Police has reversed course and endorsed the latest CLARITY Act. The union says revised provisions preserve law enforcement powers to investigate crimes involving digital assets. Senate delays and election-year disputes have pushed Polymarket’s 2026 passage odds down to 33%. According to former Fox Business reporter Eleanor Terrett, the National Fraternal Order of Police now supports the bill after reviewing provisions tied to the Blockchain Regulatory…

Thailand’s Securities and Exchange Commission has filed a criminal complaint against crypto exchange Bitkub Online and two of its former directors, alleging they submitted false regulatory reports after a 2021 cyberattack that resulted in the loss of digital assets worth about 1.7 billion baht ($50 million). Summary Thailand’s SEC has filed a criminal complaint against Bitkub and two former directors over alleged false reporting linked to its 2021 cyberattack. Bitkub said it delayed disclosing the hack to prevent a bank run and later replaced all stolen digital assets without customer losses. The case comes as Thailand continues expanding crypto regulations…

Ethereum price has retreated to $1,880 after failing to clear $2,000, as profit-taking, rising derivatives leverage and a sharp U.S. technology-stock sell-off weakened market sentiment. Summary Ethereum price fell toward $1,880 after failing to break the key $2,000 resistance. Spot ETH ETFs logged $26.3 million in inflows despite weaker market sentiment. Holding $1,850 could support a rebound toward $1,950 and eventually $2,060. According to data from crypto.news, Ethereum (ETH) price traded near $1,882 at press time, down about 3% over the previous 24 hours after reaching the $1,935–$1,950 region earlier in the week. Sellers emerged below the psychological $2,000 barrier…

When hackers hijacked Robinhood’s CEO’s X account, they did not run the usual smash-and-grab. They launched a token whose liquidity is locked forever, un-ruggable by design, and are collecting trading fees from it in perpetuity. The rug pull just evolved into a yield product, and the anti-scam infrastructure built the machine. Summary Hackers compromised Robinhood CEO Vlad Tenev’s X account on Thursday and promoted Vladhood ($VLAD) as the “official mascot” of Robinhood Chain, drawing 175,000 views in under 20 minutes and $22 million in trading volume. The operation was premeditated, not opportunistic: the token contract deployed 46 minutes before the…

Zhibao Technology has signed a non-binding agreement that could bring about 3,500 Bitcoin, valued at roughly $220 million, onto its balance sheet through a proposed stock sale paid in BTC. Summary Zhibao has signed a non binding agreement to receive about 3,500 Bitcoin through a proposed $220 million stock sale. The proposed deal would give the investor majority control of Zhibao’s board while establishing a Bitcoin treasury if completed. The announcement comes as public companies continue adopting different strategies to build or manage Bitcoin reserves. According to a Wednesday press release from Nasdaq-listed Zhibao Technology, the Shanghai-based digital insurance company…

Strategy, BlackRock, Coinbase and six other companies have formed the Bitcoin Security Consortium to fund work on Bitcoin’s long-term security.  Summary Nine major firms pledged $15 million over three years to support Bitcoin security research worldwide. Post-quantum cryptography leads the consortium’s agenda, although no capable attack system currently exists anywhere. Members will fund chosen developers independently without directing Bitcoin’s protocol changes or its open-source community. The founding members pledged a combined $15 million over three years for developers, researchers and organizations working on the network. The other members are Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity Digital Assets and Galaxy.…

Binance has added Across Protocol (ACX), Lisk (LSK) and Stacks (STX) to its Monitoring Tag list after completing its latest project reviews.  Summary ACX, LSK and STX now carry Binance’s Monitoring Tag and face regular listing reviews ahead. Binance will assess liquidity, development, security, communication and token supply before changing each token’s status. STX fell sharply after the announcement, while ACX showed a smaller daily decline on Binance. The change took effect on July 24, 2026, and places the three tokens under closer checks for volatility, liquidity, development activity and operational risk. The decision does not stop spot trading or…

Bitget has completed its New Zealand financial services registration covering five business areas as the crypto exchange expands its tokenized and direct U.S. stock products. Summary Bitget registered for five financial service categories in New Zealand and joined the IFSO dispute scheme. The registration supports Bitget’s rToken and Stock+ services covering tokenized and direct U.S. equities. Bitget plans a regulated U.S. return while keeping its platform restricted in Singapore. Bitget said its entry in New Zealand’s Financial Service Providers Register covers foreign currency exchange, domestic and cross-border money transfers, client asset custody, portfolio and money management, and the execution of…

The European Union has targeted 14 crypto service platforms and 94 banks and financial institutions under its 21st sanctions package against Russia. Summary EU sanctions target 14 crypto platforms and 94 banks over alleged Russian links. New powers allow the EU to block crypto services across entire jurisdictions. Measures also cover 41 shadow-fleet vessels, oil refineries and military suppliers. According to the Council of the European Union, the measures cover crypto providers based in Georgia, Panama, the United Arab Emirates, the Marshall Islands, Kyrgyzstan and Belarus. EU authorities linked the platforms to services used by Russia to bypass existing financial…