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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 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 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 · 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 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 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 readSecurity · NewsTriple-A treasury-wallet breach left client funds untouched, company says
The payments company says the incident was contained and services restored. It has not yet published the attack path or a complete loss figure.
2 min readInfrastructure · BriefingOndo Network puts private execution in secure hardware and settlement onchain
Ondo Perps runs application logic inside secure hardware while asset transfers settle on public chains. The system is live, but several decentralisation steps remain future work.
2 min readBusiness · NewsStorj enters Chapter 11 while keeping its storage network online
The storage company says it will continue ordinary operations while restructuring legacy liabilities. Court approval will determine what happens next.
2 min readMarkets · BriefingCircle's July 30 USDC snapshot reports reserves, issuance and redemptions
The weekly disclosure describes Circle's reserve assets and customer flows. Secondary-market liquidity, holder distribution and exchange trading sit outside its scope.
2 min readMarkets · NewsT. Rowe Price crypto ETF adds StoneX and Virtu as trading counterparties
The agreements give TKNZ two more routes for spot crypto trades. They also spell out where execution, counterparty and systems risk still sit.
2 min readBusiness · NewsCircle wins final OCC approval for a national trust bank
Circle National Trust will begin with custody for Circle and its affiliates. Managing USDC reserves and serving outside institutions remain future capabilities.
2 min read