CLARITY hopes fade, BitMEX shuts as lawsuit looms: Hodler’s Digest, July 26
Despite support from Goldman Sachs, Fidelity and law enforcement bodies, the Clarity Act’s chances dim. BitMEX to close as crypto consolidates into five big players.
Crypto
Garden Finance disables app as Blockaid reports $450,000 exploit
Garden Finance said no user funds or smart contracts were affected after an attacker compromised an independent solver’s off-chain database and inserted fraudulent swap records.
Storj files for bankruptcy, explores equity path for tokenholders
The decentralized storage provider says its network will continue operating during Chapter 11 as it explores a court-approved ownership mechanism for STORJ holders.
South Korea trading giant puts receivables onchain in tokenization test with LG CNS
POSCO International, South Korea's largest trading company, has begun tokenizing trade receivables on blockchain in a test that could speed up commercial payments between its global subsidiaries.
Bitcoin Price Prediction: Support at $59,000 Could Decide the Next Move
Bitcoin remains in a bear market but may be entering its final stretch, according to a chart analyst tracking the cryptocurrency’s historical four-year cycle, with a possible bottom forming as soon as October.
CFTC issues second warning to prediction markets on cookie-cutter self-certifications
For the second time this year, the regulator told prediction markets to stop issuing overly broad, template-style certifications of events contracts.
Zcash (ZEC) Price Nears Major Breakout as $500 Liquidity Zone Comes Back Into Focus
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2 weeks left for Clarity: State of Crypto
Senators released new text for the Clarity Act, merging two versions and addressing for the first time what an ethics provision might look like. The bill isn't yet at the finish line though.
XRP Ledger’s Big Upgrade Just Cleared Its Final Vote, Here’s What’s Coming
XRP has already dipped as low as $1.01 during the ongoing bear market pullback, reviving talk that the token could briefly slip below a dollar before this cycle’s downturn runs its course.
South Korea’s largest bank to launch payment service on JPMorgan’s Kinexys
South Korea’s largest lender will use JPMorgan’s blockchain platform to support US dollar cross-border payments for import and export businesses across 10 countries.
Russia’s Sberbank to launch crypto trading infrastructure this year
Russia’s biggest bank plans to create cryptocurrency trading infrastructure by Dec. 1 as the country is set to establish rules for market participants while allowing crypto assets to be used in foreign trade operations.
Memecoin Mania Returns? PEPE, SHIB, and BOME Flash Bullish Breakout Signals
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U.S. regulator warns prediction markets against cutting corners in event contracts
The U.S. Commodity Futures Trading Commission, which has claimed a role as the leading regulator of prediction markets firms run by companies such as Kalshi, Coinbase, Polymarket and Crypto.com, issued an advisory on Fr…
Mira Murati’s Inkling AI Model Review: Best Open-Source Model in the West
Mira Murati spent two years building something new after leaving OpenAI, finally revealing it to the public last week.
Bitcoin OG selling eases as dormant BTC movement hits 4-year low: Thorn
Dormant Bitcoin activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking.
Europe's high regulatory bar could spark new crypto industry M&A wave
The race to secure Markets in Crypto Assets (MiCA) licenses may be over, but Europe's landmark crypto rulebook is already entering a new phase, one that could reshape the industry's ownership structure.
Shiba Inu surges 36% as South Korean traders fuel mystery rally
Shiba Inu rose 36% to about $0.0000057 on Sunday, adding roughly a billion dollars to its market value in a day, with no announcement or development to account for it.
BitMart to wind down exchange, end trading by Aug. 26
Crypto exchange BitMart said it will wind down operations after its BMX token plunged and users reported withdrawal delays, with platform operations set to end in January.
Top Cryptos Other Than Bitcoin and Ethereum Poised to Benefit From the CLARITY Act
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Crypto exchange BitMart to shut down after nine years, BMX token crashes 58%
Cryptocurrency exchange BitMart said Sunday it will wind down its trading platform, ending nine years of operation and sending its exchange token down almost 60% after the announcement.
Binance ‘red teams’ its own staff every month to keep hackers out
Binance regularly tests its employees for security hygiene, with social engineering becoming a major source of industry breaches.
Avalanche Price at a Crossroads: Short-Term Breakout Awaits Weekly Confirmation-What’s Next?
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Dogecoin Price Rebounds as Shiba Inu Gains Strength—Can DOGE Rally Higher This Month?
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Wise to resubmit US charter application under GENIUS Act
The OCC denied the UK company’s application this week citing AML/CFT risks, despite approving similar charters for digital asset companies in the last year.