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Ethereum researchers model near-zero issuance without proposing a reward curve
A new technical paper examines how validators could retain incentives to perform duties under low or zero issuance. It is research input, not an EIP or a scheduled network upgrade.
3 min readBusiness · NewsCash App's bitcoin fee cuts traded margin for a cheaper on-ramp
Block's SEC-filed Q1 letter shows Bitcoin Ecosystem gross profit down 26% year over year. The result exposes the economic choice behind cheaper retail trading.
2 min readBusiness · Deep DiveStablecoins are becoming a payment rail. The hard part sits offchain
Visa, Mastercard and their infrastructure partners are moving tokenized dollars into treasury funding, settlement and payouts. The blockchain transfer is only one layer of the product.
2 min readBusiness · NewsVisa Direct adds Zero Hash rails for stablecoin funding and payouts
Eligible clients can use stablecoins on both sides of a Visa Direct transfer: to fund an account and to deliver value to a recipient. The capability is not a universal switch-on across Visa's network.
2 min readBusiness · EventVisa Direct stablecoin rollout moves from pilots to infrastructure integration
Public announcements now cover prefunding, recipient payouts and Zero Hash's infrastructure role. Availability remains limited rather than network-wide.
1 min readRegulation · AnalysisCrypto's campaign machine has money. One Texas loss shows its limits
Fairshake reported $125.8 million in cash through May. A lopsided Texas runoff still cannot be read as a clean referendum on crypto policy—or as proof of the next Congress.
2 min readBusiness · DataTeraWulf's filed numbers already show a data-center company replacing a miner
HPC leasing supplied 62% of first-quarter revenue while bitcoin output more than halved. A later Anthropic lease extends the pivot, but its long-dated contract value is not current revenue.
2 min readMarkets · NewsBlackRock schedules an ETHA reverse split for October
The iShares Ethereum Trust ETF will begin split-adjusted trading on October 6. The operation changes shares and price per share, not the fund's ether exposure by itself.
2 min readMarkets · AnalysisSTRC turns Strategy's bitcoin balance sheet into a credit product
Strategy has scaled the preferred stock to $8.5 billion while building cash to service dividends. The instrument is a claim on the company, not bitcoin with a coupon.
2 min readRegulation · NewsCrypto companies join a broader corporate push to fund children's investment accounts
Treasury has listed Coinbase among companies supporting Trump Accounts, and current reporting adds Strategy to a wider pledge drive. The accounts hold conventional diversified funds, not crypto assets.
2 min readBusiness · AnalysisMastercard is building an identity layer for stablecoin transfers
Crypto Credential maps verified users and supported destinations before value moves. Its importance lies in the control plane around a transfer, not a new stablecoin or chain.
2 min readSecurity · NewsFormer LAPD officer receives life sentence in $350,000 bitcoin home invasion
Eric Halem was convicted of kidnapping and robbery after a crew posed as police and took a teenager's bitcoin. Two current reports say the court imposed life plus 15 years.
2 min readSecurity · EventEric Halem bitcoin home-invasion case
The case has moved from a December 2024 armed home invasion to a jury conviction and reported life sentence. Co-defendant outcomes and restitution remain open.
2 min readMarkets · DataIntesa's 13F adds IBIT call exposure and a staked-ether ETF position
The March filing reports $95.9 million of IBIT call exposure alongside $24.9 million of IBIT shares, $81.2 million of ARKB and a new $3.15 million staked-ether ETF position. The filing covers the reporting manager and affiliated portfolios; it is not evidence that the bank put the same amount on its own treasury balance sheet.
2 min readRegulation · EventUS crypto market-structure bill moves toward the Senate floor with ethics terms contested
The Banking Committee advanced the CLARITY Act 15-9 in May. A merged Banking-Agriculture text arrived on July 22, but lawmakers still disagree over stablecoin rewards, anti-money-laundering safeguards and restrictions on public officials' crypto businesses.
2 min readRegulation · NewsSenate CLARITY draft adds ethics language after a 15-9 committee vote
The July 22 draft combines Senate Banking and Agriculture Committee work and includes a section on public-official ethics. Sponsors say negotiations are continuing; committee minority staff says the restrictions and enforcement mechanism remain too narrow.
2 min readBusiness · NewsBNY plans in-custody staking with Galaxy, pending regulatory review
Galaxy will supply proof-of-stake expertise and help design BNY's digital-asset platform. The planned service would connect custody, staking, accounting and reporting, but it is not yet an unconditional product launch.
2 min readBusiness · AnalysisBNY is turning crypto custody into a servicing stack
Bitcoin and ether safekeeping was the entry point. USDC issuance and redemption, followed by planned staking, show BNY assembling the accounting and operational layer around institutional crypto assets.
2 min readBusiness · EventBNY digital-asset custody expands into stablecoins and planned staking
BNY's platform has moved from bitcoin and ether safekeeping to USDC issuance and redemption. Galaxy is now helping design a staking layer that remains under regulatory review.
2 min readRegulation · Deep DiveThe SEC-CFTC taxonomy separates the token from the deal. That changes the crypto securities question
Washington's March interpretation separates the asset, the promises made around it, the transaction under review and the intermediary that carries it. The release supersedes the SEC staff's 2019 framework, but applies existing law rather than creating a complete market-structure rulebook.
11 min readMarkets · Deep DiveFour crypto-linked ETF closures expose the economics of product survival
SEC filings from three 2026 closures show where the wrapper stops helping: narrow strategies still need enough assets, trading activity and investor demand to pay for operating complexity.
2 min readRegulation · AnalysisSouth Africa is moving crypto transfers into its capital-control perimeter
The proposal would bring cross-border crypto transfers under the capital-flow rules already applied to bank and brokerage channels. Transaction classifications and reporting duties remain unresolved.
2 min readBusiness · AnalysisRobinhood found revenue beyond crypto. Coinbase still felt the spot cycle
Both companies reported weaker crypto activity in Q2. Robinhood replaced the missing revenue with event contracts, equities and interest income; Coinbase's newer lines did not yet absorb the decline.
3 min readSecurity · NewsColdcard entropy flaw leaves affected wallets needing new seeds
Coinkite says seeds created on multiple Coldcard generations can contain substantially less randomness than expected. Fixed firmware prevents new weak seeds, but it cannot repair keys that already exist.
3 min readInfrastructure · AnalysisEthereum researchers test a way to cut issuance without flattening validator incentives
The paper studies offsets, lower rewards and stronger penalties under low or negative issuance. It is a design exploration, not a finished staking policy.
3 min readBusiness · AnalysisCloudflare is putting stablecoin checkout at the edge of the web
Its Monetization Gateway turns an HTTP request into a priced transaction. The product could lower the cost of selling data and APIs, but demand, wallet control and accounting remain open questions.
3 min readInfrastructure · AnalysisSolana's faster-disinflation proposal moves the cost to validators sooner
SIMD-0550 would double the pace at which new SOL issuance declines. Its effect on validator income depends on staking participation, costs and governance choices.
3 min readInfrastructure · EventSIMD-0550: Solana debates a faster decline in new SOL issuance
The proposal would double annual disinflation to 30%. This file tracks the primary document, the reported public debate and any governance decision.
1 min readRegulation · EventEurope's crypto rulebook moves from transition to supervision
MiCA's longest grandfathering window closed on July 1. ESMA has since moved into authorisation registers and a custody-resilience review.
2 min readRegulation · BriefingMiCA's longest transition is over. Check the company behind your crypto app
EU customers should find the legal entity in their account terms, then check its status in ESMA and national registers.
2 min read