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18:40 Payments

Crypto Card Spending Reaches Record $748.7 Million in July, Paymentscan Says

Crypto card spending hit a record $748.7M in July Crypto payment card spending climbed to an all-time high of $748.7 million in July, up 19.1% from June and 144.7% year over year, marking a fifth straight monthly increase, Paymentscan data shows. The tracker also logged record highs of 8.77 million transactions and 158,857 active addresses, while RedotPay led with $395.1 million in volume, more than half of all tracked spend.

17:41 Court

Former FBI Agent Indicted After Alleged $1 Million Crypto Theft From the Bureau

Former FBI agent indicted over alleged $1M crypto theft from the FBI Patrick Steven Yaroch, a former FBI special agent, has been indicted on charges of receipt of stolen goods and interstate transportation of stolen goods after investigators accused him of stealing about $1 million in cryptocurrency from the agency. An FBI affidavit says agents found roughly $188,570.58 in his Kraken account, traced about $1 million sent to Suilend, and found ChatGPT queries about investing $1 million and relocating to Portugal.

16:42 Mining

American Bitcoin Holdings Exceed 8,000 BTC After Record Second-Quarter Output

American Bitcoin tops 8,000 BTC after record Q2 mining run Hut 8 subsidiary American Bitcoin increased its treasury 14% in Q2 to about 8,002 BTC from 7,021 BTC after mining a record 932 Bitcoin, its highest quarterly production since launch. Mining revenue rose to $67 million from $62.1 million in Q1, the cost to mine each Bitcoin stayed near $36,500, and the net loss narrowed to $57.2 million from $81.8 million even as Bitcoin’s average price fell about 12% quarter over quarter.

15:26 ETF & Funds

Hashdex to Liquidate DEFI Bitcoin ETF After Assets Fell to About $14.7 Million

Hashdex to liquidate US-listed Bitcoin ETF DEFI after weak demand Hashdex will close and liquidate its NYSE Arca-listed Bitcoin ETF, DEFI, with trading set to end after the market closes on Aug. 17. The fund held about $14.7 million in assets as of July 30, and Hashdex said the shutdown was driven by its asset base, trading liquidity, operating costs and investor demand. Shareholders still holding the ETF after delisting are expected to receive a cash distribution around Aug. 28.

15:13 DeFi

Flare’s FXRP Added as Collateral in Sentora’s RLUSD Vault on Morpho Blue

FXRP added as collateral in Sentora’s $280M RLUSD vault on Morpho Flare said its FXRP token can now be used as collateral in Sentora’s institutionally managed RLUSD vault on Morpho Blue, in what it called the first time a version of XRP has been accepted in an institutional lending vault on Ethereum mainnet. The August 3 approval opens a dedicated FXRP/RLUSD market, letting users borrow RLUSD against XRP exposure without selling, with no whitelist at launch.

13:57 Companies

Bitmine Adds 10,399 ETH, Taking Treasury to 5.8 Million Coins

Bitmine adds 10,399 ETH, treasury nears 5.8 million Bitmine Immersion Technologies said it bought another 10,399 ETH over the past week, lifting its treasury to 5,797,813 ETH, or 4.8% of circulating supply, and reinforcing its position as the largest corporate holder of Ethereum. The company said its ETH stash is worth about $10.9 billion, while 4.92 million ETH, or 85% of the treasury, is deployed in staking via MAVAN.

13:42 ETF & Funds

BlackRock Unveils Two Tokenized Money Market Funds for Institutional Cash and Stablecoin Reserves

BlackRock launches tokenized money market funds for institutions BlackRock has rolled out two blockchain-based money market funds for institutional cash management and stablecoin reserves: BSTBL on Ethereum and BRSRV for use across multiple blockchains. Both invest in cash, short-term US Treasuries and ultrashort Treasury-backed repos, with BNY Mellon handling recordkeeping and token issuance for BSTBL and Securitize doing the same for BRSRV.

13:26 Web3

Orbs opens first governance vote to set up DAO and initial decision framework

Orbs opens first governance vote to create DAO Orbs has launched OIP-9, its first formal community vote, asking eligible participants to approve the Orbs DAO and its initial governance framework as part of a phased decentralization plan. Under the proposal, holders of tokens staked in the Orbs Proof-of-Stake contract would vote via Snapshot, while approved decisions would be executed by DAO-controlled multisig wallets across areas including network parameters, Guardian certification, major protocol upgrades and new deployments.

11:26 Court

Five men convicted after London kidnapping forced crypto transfers from French investors

Five convicted in London crypto kidnapping and extortion case A London jury convicted five men after two French crypto investors were held for more than 52 hours and forced to transfer about $30,000 in cryptocurrency under threats and torture, prosecutors said. Gerson Borges and Mohamed Osman were found guilty of conspiracy to blackmail and false imprisonment, while three others were convicted of false imprisonment; alleged organizer Ibrahim Mohamed, known as “Nino,” remains at large.

10:27 Security

Hong Kong insurance agent loses HK$26 million in romance-linked crypto investment scam

Hong Kong agent loses HK$26 million in romance-linked crypto scam A Hong Kong insurance agent lost more than HK$26 million after scammers used an online romance over about six months to steer him into a fake crypto platform, police said. The victim handed over more than HK$4 million in cash and transferred nearly HK$22 million before suspecting fraud when the app showed 800% returns and blocked withdrawals. Between July 24 and July 30, police logged 25 similar reports with nearly HK$70 million in losses.

09:58 Regulation

Bitget begins Japan withdrawal after regulatory warnings, sets November and year-end deadlines

Bitget starts Japan exit, sets November restrictions and year-end position closures Bitget has stopped new account registrations for residents of Japan and will begin restricting existing accounts from Nov. 1, with any open positions still on Dec. 31 to be closed automatically. Users misidentified as Japan residents must complete Level 2 identity verification, including address verification, before Nov. 1 or face the same limits. The move follows warnings from Japan’s Financial Services Agency and the Kanto Local Finance Bureau over operating without local authorization.

09:29 Court

New York Seeks $36 Billion From Kalshi in Fight Over Prediction Markets

New York sues Kalshi for $36B over prediction markets New York filed suit against Kalshi seeking $36 billion and a temporary restraining order to immediately halt its event contracts in the state, alleging the platform’s prediction markets are unlicensed gambling and citing evidence of wagers from New York accounts. Kalshi says its CFTC registration preempts state gambling law, but New York argues that protection does not apply if the activity is gambling rather than derivatives.

09:28 Security

Crypto Exploits Reached Record $1.1 Billion in First Half, Blockaid Says

Crypto exploits hit record $1.1B in H1, with North Korea-linked groups blamed for 55% Hackers stole a record $1.1 billion from crypto protocols in 212 onchain exploits in the first half of the year, Blockaid said, with North Korea-linked groups tied to $609 million, or 55% of losses. Ethereum and Solana saw the biggest network losses at about $332 million and $326 million, while operational security failures, including privileged key misuse, drove roughly $790 million in damages.

07:26 Companies

ZeroStack flags going-concern risk after $82.5 million digital asset loss

ZeroStack warns of going-concern risk after $82.5M digital asset loss ZeroStack, a Nasdaq-listed crypto treasury firm, said in its latest Form 10-Q that there is substantial doubt about its ability to continue operating over the next 12 months. As of June 30, it had $2.6 million in cash, negative working capital of $600,000 and a $339.1 million accumulated deficit, while its 0G holdings were valued at $15.2 million against a recorded cost of $163.3 million. The company said it relies on staking rewards and token sales to fund operations.

05:56 Regulation

SEC Sets Aug. 24 Comment Deadline in Review of Nasdaq Bitcoin Index Options

SEC keeps Nasdaq Bitcoin index options on hold after CME review petition The SEC has stayed Nasdaq PHLX’s approved launch of cash-settled QBTC Bitcoin index options after granting CME Group’s request for a full Commission review of whether the product falls under CFTC, not SEC, jurisdiction. Written statements supporting or opposing the approval are due by Aug. 24, 2026, while the May 22 approval remains paused pending a new SEC order.

04:58 Security

South Korean Police Arrest Three in Alleged $9 Million Fake XRP Staking Fraud

South Korea arrests 3 in alleged fake XRP staking fraud South Korean police arrested three suspects linked to alleged fake XRP staking site Fxrpntwork.com, which reportedly took 3.4 million XRP, worth about $9 million, from 71 investors. Authorities said they also froze 17.3 billion won in digital assets on overseas exchanges. The case remains under investigation, and the arrests do not amount to convictions.

04:56 Security

xrpld 3.2.1 Stays Current as 3.3.0 Milestone Builds Broader XRPL Changes

xrpld 3.2.1 ships security fix as 3.3.0 queues broader XRPL changes xrpld 3.2.1 remains the latest XRP Ledger release as of Aug. 1, 2026, focusing on validator security by fixing manifest propagation issues and reducing risks from untrusted peer messages. The unreleased 3.3.0 milestone lists 122 items, including BatchV1_1 for grouped transactions with corrected inner-signature validation, while ConfidentialTransfer and Sponsored Fees remain in development and inactive.

04:26 Stablecoins

South Korea Records $367 Million in June Stablecoin Outflows to Overseas Exchanges

South Korea logs 18th straight month of stablecoin outflows South Korean exchanges recorded net stablecoin outflows for an 18th consecutive month in June, with 560.3 billion won ($367 million) moving to overseas platforms, based on FSS data obtained by Yonhap. The country’s five biggest exchanges sent 2.7 trillion won abroad and received 2.2 trillion won back, as traders sought products unavailable locally, including offshore derivatives, RWAs, DeFi and staking; lawmaker Lee Jong-wook urged tighter oversight of cross-border crypto activity.

02:40 Regulation

Aquino Presses House to Advance CADENA Act on Blockchain-Based Spending Disclosure

Aquino urges House to move blockchain spending transparency bill Philippine Senator Bam Aquino is pressing the House of Representatives to pass the CADENA Act, a Senate-approved bill that would require government agencies to publish procurement, budget allocation and disbursement records on an unalterable public blockchain. Aquino said the measure would give citizens real-time visibility into state spending and help curb corruption, but it remains stalled in a House committee despite being on LEDAC’s priority list.

02:26 Altcoins

Ripple Releases 1 Billion XRP From Escrow in August’s Scheduled Unlock

Ripple unlocks 1 billion XRP from escrow for August Ripple released 1 billion XRP from escrow on Aug. 1, 2026, in three tranches, according to XRP Ledger escrow data. The move is part of Ripple’s regular monthly schedule, and past cycles have often seen about 70% of the tokens re-locked into new long-term escrows within the first week, meaning the full amount may not immediately enter market circulation.

23:55 ETF & Funds

XRP ETFs Post Fourth Month of Inflows as Token Stays Down About 40% in 2026

XRP ETFs extend inflow streak despite token’s 40% YTD drop XRP-backed ETFs drew $27.29 million in July, their fourth straight month of net inflows, even as XRP traded near $1.08, down about 40% since the start of the year. Cumulative inflows have reached nearly $1.5 billion, the largest total among altcoin products, though the monthly pace has slowed from $131.94 million in May to $27.29 million in July.

23:25 Altcoins

ADA Rises as Cardano Begins Planning for the Dijkstra Development Era

Cardano starts Dijkstra planning as ADA rises nearly 10% ADA climbed nearly 10% in 24 hours to about $0.189 after Intersect said planning has begun for Cardano’s next development phase, the Dijkstra era, following the van Rossem hard fork on July 18. Intersect said key upgrades include Nested Transactions, Linear Leios and Peras, with the Haskell node team targeting mainnet delivery of Nested Transactions and Linear Leios by the end of 2026.

13:26 Security

Ukraine Police Allege Fake Crypto Academy Defrauded Nearly 1,000 People of $1.1 Million

Ukraine police say fake crypto academy stole $1.1M from nearly 1,000 people Ukraine’s National Police said it dismantled a criminal group that posed as a crypto investing school and defrauded nearly 1,000 victims of more than $1.1 million. Investigators say people were persuaded to send money to controlled crypto wallets and a fake investment platform; suspects face up to 12 years in prison with confiscation of property.

08:42 Mining

Russia Extends Crypto Mining Ban to Moscow and Parts of Kursk From Aug. 15

Russia bans crypto mining in Moscow area and parts of Kursk until 2032 Russia will prohibit crypto mining and mining-pool participation in Moscow, the entire Moscow Region and nine territories in Kursk Region from Aug. 15 under Government Resolution No. 936, signed by Prime Minister Mikhail Mishustin. The measure runs through Dec. 31, 2032 and expands existing regional restrictions, with officials citing grid capacity risks; Moscow energy authorities estimate mining already uses about 1 gigawatt in the capital’s power system.

08:41 Regulation

Minnesota Enforces Crypto ATM Shutdown After Reported Scam Losses

Minnesota crypto ATM ban takes effect after nearly $1M in reported losses Minnesota’s statewide ban on crypto ATMs took effect Aug. 1, requiring virtual currency kiosks to go offline after 134 complaints over three years tied to nearly $1 million in losses. The Department of Commerce is working with licensed operators on compliance, and companies that keep kiosks running can face legal sanctions and civil penalties. Publicly accessible machines must be removed by Dec. 31.

05:55 Regulation

NY Attorney General Opposes CLARITY Act Limits as FBI Reports $11 Billion in Crypto Losses

NY AG Letitia James urges Congress to reject limits on state crypto enforcement New York Attorney General Letitia James told the Senate on July 27 that Congress should tighten crypto rules without stripping states of fraud-fighting powers, warning the pending CLARITY Act would hand primary oversight to the CFTC and make it harder for states to pursue scams. Her push comes as the FBI said Americans reported more than $11 billion in crypto-related losses across 181,565 complaints in 2025.

03:41 Infrastructure

XRPL 3.3.0 Release Expected Next Week With Five Amendments as XRP Holds Near $1

XRPL set for five amendments in xrpld 3.3.0 next week RippleX Head of Product Jazzi Cooper said xrpld 3.3.0 is expected next week with five XRP Ledger amendments: Confidential MPT, Batch, Permission Delegation, Sponsored Fees and Reserves, and Dynamic MPT. The release would add native privacy for MPTs, atomic execution for up to eight transactions across accounts, delegated permissions, sponsored fees and reserves, and updateable MPT properties.

02:10 Court

Seoul Police Arrest 3 in Alleged $9M XRP Investment Scam Targeting 71 People

South Korean police arrest 3 in alleged $9M XRP investment scam Seoul police said they arrested three suspects accused of running a fake XRP investment platform that collected about 3.4 million XRP, worth 12.3 billion won ($9 million), from 71 investors between Oct. 16 and Oct. 23 before shutting the site and disappearing. Investigators traced 27.3 billion won through related wallets, froze 17.3 billion won in crypto, and said total losses could rise as they pursue another suspect abroad with an Interpol Red Notice.

01:10 Regulation

Grayscale Calls for Senate CLARITY Act Vote Before August Recess

Grayscale pushes Senate to vote on CLARITY Act before August recess Grayscale urged Senate leaders to bring the CLARITY Act to a floor vote before the August recess, saying further delay risks U.S. competitiveness in digital assets. The bill, advanced by the Senate Banking Committee in a bipartisan 15-9 vote on May 14, would split crypto oversight between the SEC and CFTC and set nationwide market rules, but it still faces reconciliation work, limited floor time and uncertain bipartisan support.

22:40 Security

Blockaid Says Crypto Exploits Reached $1.1 Billion Across 212 Incidents in H1 2026

Blockaid: Crypto exploits hit record $1.1B in H1 2026 Hackers stole $1.1 billion across 212 crypto incidents in the first half of 2026, making it the most active six-month period on record, Blockaid said. KelpDAO’s $292 million loss and Drift’s $285 million exploit drove much of the damage, and Blockaid linked both, along with Humanity Protocol’s $32 million loss, to TraderTraitor, a North Korean subset of Lazarus, putting DPRK-linked thefts at $609 million, or 55% of the total.

19:42 DeFi

Aave proposal seeks to add PT-USDe-22OCT2026 collateral to V3 on Monad

Aave proposal targets PT-USDe-22OCT2026 listing on Monad A direct-to-AIP proposal by TokenLogic would add Pendle’s PT-USDe-22OCT2026 as collateral on the Aave V3 Monad instance, aiming to support stablecoin reserve utilization and fixed-yield borrowing strategies. Risk service providers still need to deliver the oracle setup, risk parameters and a dedicated E-Mode configuration before the AIP goes to a final on-chain vote.

10:15 Regulation

Circle Gets NYDFS Trust Charter, Adding New York Oversight to USDC Operations

Circle wins NYDFS trust charter for Circle New York Trust Circle Internet Group said July 31 it received a limited-purpose trust charter from the New York Department of Financial Services for subsidiary Circle New York Trust, adding state oversight to its USDC operations and regulated financial services. The approval follows the OCC’s July 10 signoff for Circle’s national trust bank, giving the company both New York and federal regulatory frameworks.

08:17 Regulation

US targets Iranian crypto network after $1 billion in freezes and seizures

US sanctions Iranian crypto exchanges as Treasury nears $1B in seizures The US Treasury has sanctioned four Iranian crypto exchanges, including Nobitex, and frozen or seized nearly $1 billion in crypto since February under Operation Economic Fury. The campaign includes a $344 million USDT freeze in April and a $131 million freeze in July, while the WSJ reported Iran-linked entities moved $3.84 billion through offshore exchange CoinEx since 2019, underscoring the scale of sanctions evasion through digital assets.

07:16 Security

Hong Kong Reports HK$70 Million in One Week of Romance-Linked Crypto Investment Scams

Hong Kong logs HK$70M in romance-linked crypto investment scams in one week Hong Kong police recorded 25 investment fraud cases tied to online romantic relationships in the week ending July 30, with combined losses nearing HK$70 million ($9 million). The biggest case involved a 50-year-old insurance professional who reportedly lost about HK$26 million ($3.3 million) after an online partner posing as a car dealer steered her to a fake virtual asset platform that showed fabricated gains before blocking withdrawals.

06:45 Infrastructure

XRP Ledger Prepares Five Proposed Amendments for xrpld 3.3.0 Release

XRP Ledger lines up five amendments for xrpld 3.3.0 RippleX said XRP Ledger developers are preparing five proposed amendments for the xrpld 3.3.0 release next week, aimed at institutional use cases including private token transfers, atomic batch settlement, delegated permissions, sponsored fees, and adjustable token settings. The changes will not go live with the software release and still need validator approval, which typically requires 80% support from trusted validators for two straight weeks.

05:15 Mining

Russia extends crypto mining ban to Moscow region and parts of Kursk through 2032

Russia extends crypto mining ban to Moscow region through 2032 Russia will ban cryptocurrency mining in Moscow, the Moscow Region and parts of Kursk Region from Aug. 15 until the end of 2032, citing pressure from energy-hungry mining facilities on the power grid. The move targets one of the world’s biggest Bitcoin mining hubs: Hashrate Index estimates Russia accounted for about 17.2% of global hash rate in Q3 2026, second only to the US.

04:45 Security

trade.xyz begins payouts after SK hynix price shock triggered Hyperliquid liquidations

trade.xyz starts refunds after SK Hynix perp crash on Hyperliquid trade.xyz said Aug. 1 it has begun reimbursing traders after an anomalous SK hynix pre-market print in South Korea pushed its Hyperliquid perpetual mark price down 18.7% on July 27, triggering roughly $60 million in long liquidations across about 960 accounts. Losses under $10,000 are being refunded automatically, while larger claims require an application; trade.xyz called the payouts a one-time discretionary decision.

00:46 Regulation

George Santos settles CFTC case over alleged manipulation of Kalshi State of the Union contract

CFTC settles George Santos case over alleged Kalshi market manipulation George Santos agreed to settle CFTC charges that he manipulated a Kalshi contract on whether he would attend February’s State of the Union, a market in which traders wagered more than $15 million. The order requires him to give up $17,569.98 in profits, pay a $17,500 penalty, stop the conduct and stay out of trading for three years; he did not admit or deny the findings.

21:32 Stablecoins

Tether Reports $1.5 Billion Q2 Profit as USDT Supply Reaches $184.6 Billion

Tether posts $1.5B Q2 operating profit, reports $4.1B excess reserves Tether generated about $1.5 billion in net operating profit in Q2 2026, driven mainly by returns from US Treasury holdings and repo operations, while its latest BDO attestation showed $187.7 billion in assets against $183.6 billion in liabilities, leaving roughly $4.1 billion in excess reserves. USDT supply reached about $184.6 billion by the end of June, which Tether said was more than 60% of the stablecoin market.

20:46 Security

SecondFi Renews Bounty as It Pursues Recovery After 16.1M ADA Exploit

SecondFi renews bounty after 16.1M ADA exploit SecondFi has renewed its bounty offer to recover 16.1 million ADA stolen in a June exploit that affected 374 wallets. The team said the breach stemmed from a key-generation vulnerability and that it secured 129 million ADA during containment, but confirmed normal operations will not resume. Groom Lake researchers reportedly saw behavior resembling Lazarus Group techniques, though attribution remains unconfirmed.

19:30 DeFi

Uniswap Activates v4 Fee Switch on Seven Networks, Routing Fees to UNI Buy-and-Burn

Uniswap turns on v4 fee switch across seven networks Uniswap governance has activated the v4 protocol fee switch on Ethereum, Arbitrum, Base, BNB Chain, Polygon, OP Mainnet and Robinhood Chain after Proposal 100 passed with about 46.6 million votes in favor and 1.27 million opposed. Around one-sixth of swap fees now go to TokenJar contracts to buy and burn UNI, lifting reported daily protocol revenue to about $325,000 from roughly $114,000, without direct payouts to UNI holders.

17:31 Court

FTX Recovery Trust Starts Fifth Creditor Payout Round, Sending About $900 Million

FTX begins fifth creditor payout round with $900M distribution Distribution agents for FTX have started releasing about $900 million to creditors in the exchange’s fifth repayment round, with former users reporting Friday that funds sent by the FTX Recovery Trust were arriving through Kraken and scheduled for BitGo and Payoneer. The latest round brings estimated total repayments to roughly $11 billion since FTX’s 2022 bankruptcy.

16:01 Stablecoins

Tether Reports $1.5B Q2 Operating Profit as USDT Reserve Surplus Drops to $4.11B

Tether Q2 reserve buffer falls to $4.11B despite $1.5B profit Tether reported about $1.5 billion in Q2 2026 net operating profit, but its excess reserves fell to $4.11 billion from $8.23 billion in Q1, according to a Friday BDO attestation. The report said USDT remained overcollateralized, with $187.75 billion in assets against $183.64 billion in liabilities, but did not explain the drop in surplus or provide prior quarter-style dollar breakdowns for Treasuries, gold and Bitcoin.

15:47 ETF & Funds

Morgan Stanley’s New Solana ETF Draws $19.06M as SOL Enters August at Key Chart Level

Morgan Stanley’s MSOL posts biggest SOL ETF inflow day since mid-May Morgan Stanley’s spot Solana ETF MSOL pulled $19.06 million on July 29, its second trading day, marking the biggest single-day inflow across all US SOL ETF products since mid-May; every other SOL ETF recorded zero that session. The move came a day after launch and lifted MSOL’s cumulative inflows to $19.46 million, adding to a fresh institutional catalyst for SOL alongside KSNET’s July 30 MOU with the Solana Foundation to explore Solana Pay for 330,000 Korean merchants.

14:28 Regulation

Hong Kong flags Fun Coffee after investors report more than HK$1 billion in losses

Hong Kong warns Fun Coffee may be crypto scam as losses top HK$1 billion Hong Kong’s Securities and Futures Commission warned on July 13 that the “Fun Coffee GCM project” appears to be a suspicious investment, after investors reported losses of more than HK$1 billion ($127 million). The venture, linked to Vietnam, promised annual returns of up to 222%, asked users to send money via virtual assets, and later blocked withdrawals; by late July, police had received 115 reports and referred the case to the Commercial Crime Bureau.

14:26 DeFi

Aave Labs proposes capped RLUSD and USDC oracle feeds for Horizon V3

Aave Labs proposes capped RLUSD and USDC feeds for Horizon V3 Aave Labs has proposed replacing the RLUSD and USDC price feeds on Aave Horizon V3 with CAPO price adapters capped at 1.02 and backed by the respective Chainlink feeds. The change follows a LlamaRisk recommendation and would update the Horizon oracle via setAssetSources, keeping both assets tied to Chainlink while limiting upside price deviations.

14:24 Regulation

Dubai-Based Shelbit Linked to Alleged $4 Billion Iran Crypto Sanctions-Evasion Network

Reuters: Dubai-based Shelbit routed hundreds of millions in crypto through major exchanges A Dubai-based gambling network allegedly used unlicensed exchange Shelbit to move billions in crypto, while Shelbit sent hundreds of millions of dollars through major platforms including Binance, Reuters reported. U.S. and independent investigators said the network gave Iran’s central bank and other sanctioned entities access to global crypto markets, but Reuters said it could not confirm direct IRGC control over Shelbit or the gambling operation.

14:22 Regulation

Texas Considers Bitcoin ATM Ban After FBI Reports $56.8 Million in Scam Losses

Texas weighs statewide Bitcoin ATM ban after $56.8M in scam losses Texas lawmakers are considering a statewide ban on Bitcoin ATMs after FBI data showed residents lost $56.8 million to related scams last year, the highest total in the US. The state logged 1,179 reports and has about 4,000 machines in operation; Rep. Cole Hefner said officials are looking beyond regulation and plans to introduce legislation.

14:20 Regulation

Circle Secures New York Trust Charter for Custody Subsidiary

Circle wins New York trust charter for custody unit Circle said New York granted a limited purpose trust charter to subsidiary Circle Internet Trust Company LLC, allowing it to provide fiduciary and custody services under state banking law. The charter lets the unit conduct activities such as custodial services, investment management and securities clearance, but it does not give it the general power to take deposits or make loans like a traditional bank.

10:46 Stablecoins

Ripple Mints 15 Million RLUSD on Ethereum as Network Supply Exceeds $712 Million

Ripple mints 15M RLUSD on Ethereum as supply tops $712M Ripple issued 15 million RLUSD on Ethereum, pushing the stablecoin’s circulating supply on the network above $712 million after earlier removing 15 million RLUSD from the XRP Ledger and minting another 10 million on Ethereum on July 29. The move comes as Upbit and Bithumb added RLUSD in South Korea, widening access while Ripple positions the stablecoin for use in cross-border business payments.