Latest news

03:46 Companies

Luno to cut 20% of staff as exchange shifts toward automation and platform overhaul

Luno cuts 20% of global workforce in second major layoff round Crypto exchange Luno is cutting 20% of its global staff and reorganizing into three platform units as retail trading declines and automation takes a bigger role. The company did not disclose how many jobs will be affected, including in South Africa, where formal consultations are underway, and said it will exit non-core markets before Sept. 1, 2026 after a previous 35% layoff round in January 2023.

23:31 Regulation

PLDT Restores Binance Access in Philippines as Exchange Returns via BlockShoals

PLDT restores access to Binance in the Philippines PLDT has restored access to Binance’s website across its network, following Globe, as the exchange re-enters the Philippines through local partner BlockShoals Technologies Inc. Binance had been blocked since March 2024 after the NTC and SEC said it was offering unregistered securities and operating without a local license; its local services are now being routed through SEC-approved Crypto Asset Intermediary BlockShoals under the StratBox sandbox.

21:30 Regulation

Lummis Accuses Democrats of Delaying Clarity Act Ahead of August Recess

Lummis presses Democrats to move Clarity Act before August recess Sen. Cynthia Lummis on Wednesday accused Democrats of stalling the Clarity Act, saying on the Senate floor that after 11 months of negotiations she does not know what more is needed to advance the bipartisan crypto market structure bill. Republicans are pushing for support this week before the August recess; an updated draft introduced last week added an ethics ban on government officials and their families issuing or promoting crypto.

20:46 ETF & Funds

Advisers Report New XRP ETF Holdings in Recent SEC Filings

Advisers disclose new XRP ETF positions in SEC filings A string of SEC filings shows registered investment advisers adding XRP exposure: Vista Finance LLC disclosed 129,958 shares of the Franklin XRP ETF worth about $11.45 million, Gallacher Capital Management LLC reported 86,744 shares of the Canary XRP ETF valued near $961,126, CPR Investments disclosed 36,619 shares of the ProShares Ultra XRP ETF, and Ohio-based Gerber reported 12,958 shares of the Franklin fund. The filings point to growing adviser interest in XRP investment products.

20:45 Regulation

Hawkins County votes again to bar crypto mining and data centers in unincorporated areas

Hawkins County approves new ban on crypto mining and data centers Hawkins County commissioners in Tennessee voted 12-0 on Monday to ban the establishment, construction, expansion and operation of crypto mining facilities and data centers in unincorporated areas, passing a second restriction after a similar 2025 ban. The move comes as the county is still dealing with a lawsuit and proposed January settlement with ExoticRidge over its planned mining site.

20:31 Stablecoins

Tether deploys USAT on Celo, adding a second mainnet after Ethereum

Tether launches USAT on Celo Tether has deployed its US-focused stablecoin USAT on Celo, the token’s second mainnet after Ethereum. The launch adds native mint-and-burn support and lets users pay gas fees with USAT on Celo via the network’s CIP-64 upgrade, cutting reliance on third-party bridges. Tether said the move targets a blockchain already widely used for digital-dollar payments, where Celo accounts for 28% of cross-chain USDT transfers.

18:31 Tokenization

Aviva Investors puts tokenized dollar liquidity fund share class live on XRP Ledger

Aviva Investors launches tokenized USD liquidity fund share class on XRP Ledger Aviva Investors has put a tokenized share class of its US Dollar Liquidity Fund live on the XRP Ledger, making its Ripple partnership operational. The Central Bank of Ireland approved the Ireland-domiciled UCITS money market fund structure, which uses a “digital twin” model: holdings are represented on XRPL while the regulated off-chain fund remains in place, with BNY Mellon continuing to hold the underlying assets.

18:01 Regulation

Expanded IRS crypto reporting increases need for wallet-level tax records

IRS crypto reporting rules raise pressure for wallet-level tax records US brokers will start reporting gross proceeds on Form 1099-DA for the 2025 tax year, with basis reporting for covered assets starting in 2026, increasing pressure on crypto investors to keep wallet-level records across exchanges, self-custody, staking and DeFi. Broker forms may show only part of a taxpayer’s history, making transfers, basis and income records critical to avoid overstated gains or mismatches with IRS data.

17:31 Security

MCBS healthcare vendor breach may have exposed data of 1.26 million Americans

MCBS breach may have exposed data on 1.26 million Americans Medical Computer Business Services, a third-party vendor for hospitals and medical practices, said hackers accessed its network between Sept. 22 and Sept. 26, 2025, potentially compromising the personal and medical data of 1,261,464 people. The incident is listed by the U.S. Department of Health and Human Services as a hacking/IT breach, and MCBS says it notified affected individuals and is offering identity protection services.

16:34 Regulation

OSL launches XRP spot trading for Hong Kong retail investors on licensed platform

OSL opens XRP spot trading to Hong Kong retail investors OSL Digital Securities said it opened XRP trading to retail investors in Hong Kong on July 29, becoming the first SFC-licensed platform to offer direct retail spot access to the token. Retail users can trade XRP/USD via Flash Trade and XRP/USD or XRP/HKD OTC, giving local investors a regulated Hong Kong dollar fiat on-ramp. XRP is now OSL’s fourth retail asset after Bitcoin, Ethereum and Solana.

16:17 Payments

SoFi says commercial clients are now settling payments in real time with SoFiUSD

SoFi says commercial clients are now settling in real time with SoFiUSD SoFi said in its Q2 results Wednesday that commercial clients have started settling transactions in real time through its SoFiUSD stablecoin, marking the first confirmation of enterprise use since the token launched in December. The bank said Big Business Banking processed transactions on the SoFi Exchange Network during the quarter, enabling 24/7 payments via SoFiUSD.

15:04 Stablecoins

Altura says bank review is delaying final stablecoin vault payout

Altura payout delayed as bank restricts account holding £16.4M Altura said the final payout from its stablecoin vault is on hold after a bank temporarily restricted the account holding more than £16.4 million meant for user redemptions. The protocol said the cash was being sent to an OTC partner for conversion into USDT when the restriction hit, and that the bank is now conducting an internal review with no completion date given.

12:17 Security

CFA Puts Estimated US Crypto Scam Losses at $80.7 Billion in 2025

CFA estimates US crypto scam losses hit $80.7B in 2025 The Consumer Federation of America said Americans lost an estimated $80.7 billion to crypto scams in 2025, versus $11.37 billion reported to the FBI, by applying a 7.1x multiplier based on a 2017 survey that found only 14% of fraud victims report cases to law enforcement. Crypto made up more than half of all scam and cybercrime losses, with investment fraud the biggest category at an estimated $61.4 billion.

11:31 Regulation

New Zealand Rejects Blanket Crypto ATM Ban and Moves Toward Targeted Restrictions

New Zealand drops blanket crypto ATM ban in favor of targeted controls New Zealand will pursue targeted crypto ATM rules instead of a nationwide ban, Associate Justice Minister Nicole McKee said on July 9 after Cabinet reviewed further policy analysis. The government plans to add powers in the AML/CFT Omnibus Amendment Bill that could cap cash transactions or ban cash use for high-risk virtual assets, aiming to curb criminal misuse while preserving lawful access.

10:34 Market

Backpack Exchange Adds TRX Spot Trading and Perpetual Contracts

Backpack Exchange lists TRX spot and perpetual contracts TRON DAO said Backpack Exchange has launched TRX spot trading and perpetual contracts, giving users in eligible jurisdictions access to both markets on the regulated platform. Backpack says it supports users in more than 150 countries and has processed over $400 billion in cumulative trading volume, expanding market access for TRON’s native token.

10:16 Regulation

Hungary removes crypto conversion checks as CoinCash secures MiCA authorization

Hungary drops mandatory crypto conversion checks as CoinCash wins MiCA approval Hungary’s parliament has repealed the mandatory third-party validation for certain crypto conversions, rolling back a rule officials said disrupted the market. The change removes an extra approval step but keeps broader licensing and compliance requirements. Separately, the National Bank of Hungary authorized CoinCash operator Tiwala Solutions under MiCA on July 20, clearing the way for a gradual service restart.

10:10 Mining

Uzbekistan sets up Beshkala Mining Valley in Karakalpakstan

Uzbekistan creates special crypto mining zone in Karakalpakstan Uzbekistan has designated Karakalpakstan as the Beshkala Mining Valley, a regulated crypto mining zone for licensed operators under a presidential resolution that took effect on April 20. Only legal entities registered in the region can get resident status, while mining income is exempt from taxes and mandatory payments until Jan. 1, 2035, apart from a 1% monthly fee to the zone directorate. Residents can use grid, renewable and hydrogen power, but profits from crypto sales must be transferred to Uzbek bank accounts.

09:49 Infrastructure

Zcash activates Ironwood upgrade, retires Orchard to exit-only after shielded pool flaw

Zcash activates Ironwood to replace Orchard shielded pool Zcash activated its Ironwood upgrade at block 3,428,143 via NU6.3 on Tuesday, replacing the Orchard shielded pool after a flaw was found that could theoretically have enabled undetectable counterfeit ZEC. Orchard is now exit-only, while Ironwood adds a separate accounting boundary and a machine-checked proof that researchers said prevents hidden inflation under its design assumptions; about 40,207 ZEC have migrated so far, with roughly 3.6 million ZEC still in Orchard.

09:48 Stablecoins

Visa Reports $11.63B Q3 Revenue and Expands Stablecoin Payments Strategy

Visa maps out stablecoin push after $11.63 billion Q3 revenue Visa used its July 28 earnings call to lay out a broader stablecoin strategy spanning OpenUSD, tokenized bank deposits, blockchain settlement and AI-powered commerce after reporting $11.63 billion in Q3 net revenue, up 14% year over year. The company said OpenUSD will be the first stablecoin on its beta Visa Stablecoin Platform, but its long-term approach will stay multi-coin and multi-chain rather than backing a single winner.

09:39 Regulation

Myanmar parliament clears anti-scam bill targeting crypto fraud and scam compounds

Myanmar Parliament approves anti-scam bill with up to life terms for crypto fraud Myanmar’s Parliament approved the Anti-Online Scam Bill on July 28 after reconciling changes between its two chambers, advancing legislation that would impose 10-year-to-life prison terms for crypto scams and scam-centre operations based on the May draft text. The final amended law, presidential assent and start date were still not publicly available as of July 29, leaving the exact penalties and enforcement details unconfirmed.

09:34 Regulation

Philippine SEC Issues VERITAS Rules for Blockchain-Signed Corporate Filings

Philippine SEC sets rules for blockchain signing platform VERITAS The Philippine SEC has issued Memorandum Circular No. 23, Series of 2026, setting rules for VERITAS, a blockchain-based platform for digitally signing and verifying corporate filings. Documents signed through VERITAS carry the same legal force as signed and notarized paper records under the Electronic Commerce Act, and hard copies are no longer required unless other laws or SEC rules specifically require them.

09:32 DeFi

Uniswap Founder Says New v4 Protocol Fee Does Not Reduce LP Earnings

Uniswap founder disputes claims v4 fees cut LP earnings Uniswap founder Hayden Adams said the protocol fees activated for Uniswap v4 across seven chains are added on top of existing liquidity provider fees, not taken from them, after governance approved the change with 46.6 million UNI. He said a 30-basis-point pool would add 5 basis points for the protocol fee, making the protocol’s share 14% of total fees, while critics including Panoptic founder Guillaume Lambert argued a 10% to 25% take could hurt LP returns.

09:24 Regulation

Nexo Reworks EEA Setup Under MiCAR Through Two BaFin-Regulated German Partners

Nexo shifts EEA operations to German MiCAR partners Nexo has restructured its European Economic Area operations to meet the EU’s MiCAR rules by routing client services through two BaFin-regulated German partners instead of seeking a single direct license. Tangany will handle custody infrastructure and DLT Finance will provide brokerage and execution, allowing Nexo to keep all EEA services live without pauses after a testing phase.

09:17 Security

Blockaid says crypto losses hit $1.1B in H1 2026 as key compromises dominate

Blockaid: Crypto hacks hit $1.1B in H1 2026 as key compromises overtake code bugs Verified on-chain crypto security losses reached $1.1 billion across 212 incidents in H1 2026, Blockaid said in a July 28 report, with 74% of losses tied to compromised devices, private keys, signing systems and other off-chain infrastructure rather than smart-contract flaws. One DPRK-linked cluster accounted for about 55% of losses, while the incident count was 3.4x all of 2025.

09:15 ETF & Funds

Morgan Stanley Debuts Lowest-Fee US Ethereum and Solana ETFs With Staking

Morgan Stanley launches lowest-fee US ETH and SOL ETFs Morgan Stanley’s asset management arm started trading the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL) on NYSE Arca on July 28, pricing both at a 0.14% expense ratio — below Grayscale’s 0.15% Mini Ethereum Trust and Franklin Templeton’s 0.19% SOEZ. Both products also stake part of their holdings and pass the rewards to shareholders, with MSIM saying it will keep none of the staking rewards.

08:56 Market

TradeXYZ to cover liquidation losses after sharp SK Hynix mark price drop on Hyperliquid

TradeXYZ to reimburse SK Hynix liquidation losses on Hyperliquid TradeXYZ said it will compensate users for liquidation losses after SK Hynix’s mark price on Hyperliquid fell to $917.25 from $1,127.90 at 11:01 p.m. UTC on July 27, triggering forced liquidations. The platform said its oracle tracked external prices correctly and that the move came from a major South Korean premarket exchange, but it will still make a one-time discretionary payout, with eligibility details and payments due in the next few days.

08:50 Regulation

South Korean Committee Takes Up Bill to Scrap Crypto Tax Ahead of 2027 Deadline

South Korea panel to review bill scrapping crypto tax South Korea’s National Assembly Strategy and Finance Committee is set to formally take up an Income Tax Act amendment that would abolish taxation on virtual asset income, opening a broader fight over whether the tax should start in January 2027. The bill, introduced March 19 by People Power Party lawmaker Song Eon-seok, removes the legal basis for taxing crypto income and will next go to the committee’s tax subcommittee for detailed review.

08:43 Court

Thailand SEC files criminal complaint against Bitkub over 2021 cyberattack reports

Thailand SEC files criminal complaint against Bitkub over 2021 reports Thailand’s SEC has filed a criminal complaint against Bitkub Online and former directors Sakolkorn Sakavee and Thaweesap Rawan, alleging they made false entries in official reports from May 10 to Oct. 30, 2021 after a cyberattack stole more than $50 million in 16 digital assets. The regulator says Bitkub failed to record the loss in daily net capital reports, misleading authorities into believing customer assets were intact; police will investigate before prosecutors decide on indictments.

08:36 Ethereum

Lido Begins $16B Migration of Staked ETH to Larger Pectra-Era Validators

Lido starts $16B ETH migration to larger Pectra-era validators Lido has begun moving more than 8 million ETH, about $16 billion, in its Curated Module onto larger post-Pectra validators after Curated Module v2 Phase 1 went live on Monday. The shift lets operators consolidate over 265,000 old 32 ETH validators into fewer validators with balances up to 2,048 ETH, and for the first time requires curated operators to post ETH bonds as collateral. The migration is expected to take months because Ethereum limits validator exits and restaking; Lido estimates about 738.5 ETH in missed rewards, with 117 days the theoretical minimum and six months the practical timeline.

08:29 Regulation

Bank of Russia Sets Capital Rules for Crypto Depositories Ahead of September Rollout

Bank of Russia sets capital rules for crypto depositories ahead of market rollout Russia’s central bank has introduced standards for digital depositories and organized crypto trading as it prepares a regulated market before broader legislation takes effect this fall. The rules require depositories to hold ₽50 million to ₽250 million in capital plus liquid, high-credit-quality assets, with most measures starting on Sept. 1, 2026 and full compliance due by July 2027.

19:46 Infrastructure

COTI says Garbled Circuits mainnet topped 125M transactions as V1 sunset approaches

COTI says Garbled Circuits mainnet passed 125M transactions since March 2025 COTI says its Garbled Circuits mainnet has processed 125 million transactions since March 2025, with private USDT and USDC now live via the Privacy Portal. The Foundation says Privacy-on-Demand will bring COTI’s privacy stack natively to Ethereum, shifting it from a standalone chain to EVM infrastructure, while V1 will sunset at the end of Q3 2026 and native holders on VIPER and Ledger must migrate before then.

18:47 Security

SparkKitty malware removed from App Store and Google Play after targeting wallet seed photos

SparkKitty malware found in App Store and Google Play apps Researchers say SparkKitty targeted crypto users on iOS and Android by abusing photo library access to scan images for 12-word and 24-word wallet recovery phrases with OCR, then sending the data to attacker-controlled servers. Apple and Google removed infected apps, including SOEX and other coin-related apps, after some drew thousands of downloads.

18:46 Regulation

Bitget reports 122% reserve ratio in latest proof-of-reserves update

Bitget reports 122% reserve ratio in latest Proof of Reserves Bitget said its latest Proof of Reserves shows an average reserve ratio of 122% across BTC, ETH, USDT and USDC, above the 1:1 benchmark. The exchange reported user holdings of 26,856 BTC, 112,242 ETH, 1.68 billion USDT and 113.8 million USDC, with month-on-month changes of 15%, 50%, 13% and 28% respectively versus June. Bitget also published wallet addresses and cryptographic attestations for verification.

17:03 Companies

Galaxy Digital Buys 500 Acres in Texas for AI and HPC Campus

Galaxy Digital buys 500 acres in Texas for AI and HPC campus Galaxy Digital signed a development agreement with the City of McGregor to buy about 500 acres for an artificial intelligence and high-performance computing campus in the McGregor Industrial Park, its second major Texas data center investment. The land sale brought McGregor about $7.5 million, while Galaxy said the first phase targets 74 MW, with power expected in 2028 and potential expansion to a multi-hundred-megawatt facility by 2030.

17:02 ETF & Funds

Morgan Stanley lists Ether and Solana ETPs on NYSE Arca with 0.14% fee

Morgan Stanley launches Ether and Solana ETPs on NYSE Arca Morgan Stanley Investment Management has launched two US crypto exchange-traded products on NYSE Arca: the Morgan Stanley Ethereum ETP (MSSE) and Solana ETP (MSOL). The funds charge a 0.14% annual fee, hold ETH and SOL directly, and can stake part of their assets to earn blockchain rewards, giving US investors a bank-backed route to gain exposure beyond Bitcoin through standard brokerage accounts.

15:45 Stablecoins

BIS data show $846T OTC derivatives market as crypto rails target short-dated FX flows

BIS: OTC derivatives hit $846T as stablecoins target FX settlement flows The global OTC derivatives market reached $846 trillion in notional value in June 2025, up 16% year over year and the fastest annual growth since 2008, BIS data show. FX derivatives accounted for $155 trillion, much of it maturing within a year, while stablecoins are increasingly being used for institutional crypto OTC settlement as firms target 24/7 liquidity and collateral management needs tied to short-dated FX flows.

15:16 Regulation

Bank of Russia proposes capital rules for digital depositories before September rollout

Bank of Russia proposes capital rules for digital asset platforms The Bank of Russia has published draft rules for an organized digital asset market, requiring regulated “digital depositories” to hold 50 million to 250 million rubles in capital — up to about $2.8 million — depending on their services and asset types. The framework extends securities-market rules to digital assets, adds liquidity and credit-quality standards, and would put depositories, exchange operators and issuers on central bank registers ahead of Russia’s planned September rollout.

14:46 Infrastructure

Zcash activates Ironwood and seals Orchard pool holding 3.66 million ZEC

Zcash activates Ironwood, retires Orchard shielded pool Zcash has activated the Ironwood upgrade, sealing the Orchard shielded pool with about 3.66 million ZEC and forcing users to migrate into a new pool that started at zero. The move follows the discovery on May 29 of a four-year-old bug in Orchard’s proof circuit that could have allowed undetectable counterfeit ZEC; Ironwood’s new turnstile rule limits total withdrawals from Orchard to verifiable deposits, trapping any counterfeit coins if they exist. As of press time, 1,500 ZEC had moved.

14:31 Security

Ukraine Police Say Fake Crypto Academy Defrauded 988 People of $1.11 Million

Ukraine police detain four in fake crypto academy fraud case Ukraine’s National Police said it dismantled a criminal group that allegedly posed as the “Ukrainian Financial Academy” and defrauded 988 people of about $1.11 million through controlled bank accounts, crypto wallets and a fake investment platform. Investigators detained four key suspects after searches in the Kharkiv and Dnipropetrovsk regions; they are in pretrial detention and face up to 12 years in prison with confiscation of property if convicted.

13:47 Stablecoins

USAT Reaches $140.8M After 540% Monthly Surge as Offshore USDT Shrinks

USAT jumps to $140.8M as offshore USDT shrinks by about $6B USAT, the federally regulated dollar token issued by Anchorage Digital Bank, grew from $22 million to $140.8 million in a month, a 540% jump that the source describes as the fastest growth among regulated dollar tokens this year. Over the same period, its offshore parent USDT contracted by roughly $6 billion, underscoring demand for a U.S.-compliant structure with Cantor Fitzgerald as reserve custodian and Deloitte-signed reserve reports.

12:47 Regulation

Binance policy change slows foreign police requests for user data, NYT reports

Binance policy change slows foreign police requests for user data: NYT Binance adopted a policy in April 2025 that sends most foreign law enforcement requests for user data through the UAE and Mutual Legal Assistance Treaties, slowing access for investigators, The New York Times reported. European police and U.S. prosecutors told the paper the shift is making it harder to track scams, money laundering and freeze assets, while Binance said it has not reduced cooperation and still responds directly in child abuse, terrorism and imminent threat cases.

11:47 Regulation

Nexo says EEA crypto services remain live through Tangany and DLT Finance

Nexo keeps EEA crypto services live via Tangany and DLT Finance Nexo said its EEA products remain available after the MiCA transition deadline through two German partners: Tangany for custody and DLT Finance for brokerage and execution. The setup matters because the EU-wide transition ended on July 1 and covered crypto services now need authorised providers, while Nexo said Earn rewards and crypto-backed loans sit outside those partners’ MiCA and MiFID licences.

11:31 DeFi

1inch Opens Aqua to Public, Launches Rewards With 10M 1INCH and $500,000 USDC

1inch opens Aqua to the public with 10M 1INCH and $500K USDC incentives 1inch has fully launched Aqua, a non-custodial shared liquidity layer for DeFi that lets providers use the same wallet balance across multiple positions without locking assets in pools. The protocol is live across 13 EVM-compatible networks, and 1inch said the rollout comes with a Merkl-powered rewards program funded with 10 million 1INCH from the 1inch Foundation and 500,000 USDC from the 1inch DAO.

10:31 Ethereum

Ethereum withdrawals from BitMart jump after exchange wind-down notice

ETH withdrawals from BitMart hit highest level since July 2025 Ethereum withdrawal transactions from BitMart have climbed to their highest level since July 2025, CryptoQuant data shows, after the exchange briefly froze withdrawals and then reopened them following its July 26 wind-down notice. BitMart paused registrations, deposits and new orders on July 26, will end full trading on August 26, and says withdrawals will remain open through January 2027.

10:00 Stablecoins

Kenya Lowers Stablecoin Issuer Capital Requirement to $2.32 Million

Kenya cuts stablecoin issuer capital requirement to $2.32M Kenya’s National Treasury has lowered the minimum paid-up capital for stablecoin issuers by 40% to 300 million Kenyan shillings, about $2.32 million, from nearly $3.9 million proposed in draft rules last March, in a bid to encourage entry into its growing crypto market. The new framework still gives the Central Bank of Kenya broad oversight, including powers to force local platforms to stop offering offshore-issued tokens, while requiring 1:1 reserve backing, segregated reserves and redemption at face value within two business days.

09:49 DeFi

Aave moves syrupUSDG onboarding proposal to governance for V4 Global Dollar Hub

Aave proposal to onboard syrupUSDG enters governance vote Aave has created AIP #508 to add Maple Finance’s yield-bearing syrupUSDG to the Aave V4 Global Dollar Hub with collateral enabled, with voting set to start in less than 12 hours. If approved, users would be able to post syrupUSDG as collateral while it continues accruing yield tied to Maple’s institutional lending, expanding USDG-related assets on the hub.

09:47 Court

Police raid ex-Incheon mayor’s home in South Korea crypto disclosure probe

South Korean police raid ex-Incheon mayor over alleged crypto omission South Korean police searched former Incheon Mayor Yoo Jeong-bok’s home and Incheon City Hall offices as they investigate claims he and his wife failed to disclose about 21,000 crypto tokens in mandatory filings for the June 3 local elections. Yonhap said election authorities had already flagged Yoo’s reported assets as about 78 million won below his actual holdings, and police have questioned Yoo, his wife and others tied to the complaint.

09:31 Ethereum

Lido rolls out staking upgrade that could cut Ethereum validator count by about one-third

Lido launches Curated Module v2 for Ethereum staking Lido has rolled out Curated Module v2, upgrading its staking system to support Ethereum 0x02 withdrawal credentials and let validators raise their effective balance from 32 ETH to as much as 2,048 ETH. Lido said the planned migration could cut Ethereum’s validator count from about 880,000 to roughly 628,000 and adds new bonding, penalty and operator accountability rules, though the migration itself has not started yet.

09:16 Court

Apple sued after fake Sparrow Wallet apps allegedly caused $1.8 million in Bitcoin losses

Apple sued over fake Sparrow Wallet apps that allegedly stole $1.8M in BTC Three users filed a federal lawsuit alleging spoof Sparrow Wallet apps on Apple’s App Store drained about $1.835 million in Bitcoin in 2025 after the software asked for wallet seed phrases and sent funds to attacker-controlled addresses. Apple told MacRumors it removed the impersonating apps and terminated related developer accounts, while the plaintiffs argue Apple’s App Store safety claims led them to trust the downloads.

09:16 Regulation

India Sets CARF-Based Crypto Reporting Rules for Exchanges and Brokers

India issues CARF-based crypto reporting rules for exchanges India has introduced new guidelines under the Income Tax Act requiring crypto exchanges, brokers and other reporting crypto-asset service providers to report transaction details to the Income Tax Department under the OECD’s Crypto-Asset Reporting Framework. The move adds reporting obligations, not new taxes, and is aimed at improving tax transparency and enabling information sharing with participating jurisdictions.