Latest news

13:56 Companies

Zhibao Technology Completes $154.7M Bitcoin-Funded Private Placement

Zhibao Technology closes $154.7M Bitcoin-funded private placement Nasdaq-listed Zhibao Technology said non-U.S. investors funded a $154.7 million private placement by transferring 2,380 BTC directly to the company wallet, valued at a July 30 reference price of $65,000 per coin. In return, investors received 442 million units at $0.35 each, combining a Class A ordinary share and a two-year warrant, with about 396 million units issued at closing and the rest pending shareholder approval.

12:41 Stablecoins

China Expands e-CNY Operator Network to 30 Banks After Latest Additions

China expands e-CNY operator network to 30 banks China added eight more banks to its e-CNY operator network this week, including Bank of Shanghai and Bank of Hangzhou, after previously adding 12 in April, taking the total to 30 from 10 at the start of the year. The new participants have connected to the central system and will launch services after operational and technical work, extending the PBOC’s push to broaden commercial-bank distribution of the digital yuan.

12:27 DeFi

Centrifuge expands Symbiotic liquidity network to $1.6 billion in tokenized funds

Centrifuge adds Symbiotic liquidity to $1.6B in tokenized funds Centrifuge has integrated Symbiotic’s Liquid Lane across three tokenized funds with about $1.6 billion in AUM, giving eligible holders immediate USDC liquidity instead of waiting for standard redemptions. The rollout covers Janus Henderson’s JAAA and JTRSY, plus NYLIM’s HYB, using Symbiotic’s onchain RFQ marketplace for market makers to fill redemption requests.

11:57 Court

Edward Zimbardi Deported From Fiji to Face US Charges Over Alleged $165M Crypto Scheme

Alleged $165M crypto Ponzi operator returned to US from Fiji Edward Zimbardi, 59, was deported from Fiji to the US on Aug. 14 and appeared in federal court on wire fraud and money laundering charges tied to “The Crypto Program.” Prosecutors say he promised guaranteed 25% monthly returns, drew thousands of investors into sending more than $165 million in crypto to wallets he controlled, then used the funds for FX trading, payouts to earlier investors, and at least $10 million in personal spending.

11:56 DeFi

Cardano DReps Clear Key Vote for 120M ADA DeFi Expansion Plan

Cardano DReps clear approval threshold for 120M ADA DeFi proposal Cardano’s DRep community pushed the 120 million ADA Cardano Prime proposal past its approval threshold on August 12, clearing a key step for a 12-month DeFi growth program backed by the Cardano Foundation. The plan, run by Alpha Growth under Intersect oversight, targets lifting Cardano DeFi TVL from about $90 million to $200 million, with funding released in stages and unused funds returned to the treasury if targets are missed.

09:43 Infrastructure

Sei begins phased Eidos mainnet upgrade as Giga roadmap targets 200,000 TPS

Sei starts Eidos storage upgrade on mainnet Sei has begun rolling out its Eidos storage upgrade through the v6.6 mainnet release, overhauling how the layer-1 stores and verifies on-chain data as its Giga roadmap targets 200,000 transactions per second. The phased migration keeps the network online, splits EVM state into a dedicated database, and later plans to add FlatKV and LtHash, with governance able to pause or roll back the rollout if needed.

08:42 Security

Decred Issues Mandatory v2.1.6 Update to Fix Consensus, Mixing, and DoS Flaws

Decred releases mandatory v2.1.6 patch for consensus and mixing flaws Decred has issued a mandatory v2.1.6 update to fix a critical consensus vulnerability, a potential periodic deanonymization attack in its transaction mixing system, and several network DoS risks. The patch updates the mixclient protocol, changes how mixing sessions expire, and requires all users to upgrade to avoid running on a forked network; older dcrwallet clients will no longer mix with updated wallets.

07:42 Stablecoins

Visa Seeks New Stablecoin Partner After Mastercard’s BVNK Acquisition

Visa seeks new stablecoin partner after Mastercard buys BVNK Visa has started looking for a new stablecoin settlement and OTC partner after Mastercard closed its acquisition of BVNK on Aug. 3, taking over the provider that had been handling Visa’s stablecoin settlement operations. An RFP seen by CoinDesk shows Visa wants a firm that can swap and settle multiple stablecoins, including Open USD, and hold crypto exchange licenses in the U.S., Canada, the UK and Singapore.

07:42 Regulation

ASIC Says It Removed 3,106 Crypto Investment Scams in FY26 Amid Rise of AI Fraud

ASIC shuts down 3,106 crypto investment scams in FY26 Australia’s securities regulator said it removed 3,106 cryptocurrency investment platforms in FY26, part of more than 19,400 online scams taken down overall, up 182% year over year. ASIC warned that overseas syndicates are increasingly using generative AI, deepfake endorsements and fake reviews to steer victims into bogus crypto platforms, with impersonations of public figures linked to more than $7.4 million in reported losses.

05:29 Security

Maya Protocol pauses network after exploit drains an estimated $1.7 million

Maya Protocol halts network after exploit drains $1.7 million Maya Protocol paused its network after an attacker exploited six chained software bugs to steal about $1.7 million, including roughly 20 BTC and $300,000 in other assets, co-founder Aalux said. A preliminary analysis said a single 23-message transaction withdrew 48.87 million CACAO and helped crash the token 88.7% from about $0.115 to $0.013, while the team works on a fix to resume swaps.

05:25 ETF & Funds

Galaxy Selected to Support Staking in Morgan Stanley Ethereum and Solana Trusts

Galaxy picked for Morgan Stanley ETH and SOL staking ETPs Morgan Stanley Investment Management selected Galaxy as an approved validator for two new products, the Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL). Galaxy is one of three staking providers for both ETPs, which aim to track ETH and SOL prices while passing staking rewards to shareholders through regulated investment vehicles.

05:11 Stablecoins

Bitcoin.com Wallet to Integrate UAE-Registered Stablecoin USDU

Bitcoin.com Wallet to add UAE-regulated stablecoin USDU Bitcoin.com will integrate USDU into its self-custodial wallet, adding support for the UAE’s first USD-backed stablecoin registered with the Central Bank of the UAE as a Foreign Payment Token. Universal issues USDU under ADGM’s FSRA regime, says each token is backed 1:1 by liquid USD reserves at regulated UAE banks, and publishes monthly third-party attestation reports. Bitcoin.com also plans to accept USDU for designated services, while swap and buy/sell features will be added later as third-party provider support becomes available.

23:10 Stablecoins

FASB Proposal Could Let Some Stablecoins Qualify as Cash Equivalents

FASB proposes letting some stablecoins count as cash equivalents The Financial Accounting Standards Board has proposed a US GAAP rule change that would let certain stablecoins be classified as cash equivalents if issuers hold liquid reserves exceeding tokens in circulation and offer redemption into US dollars at any time. If finalized, qualifying stablecoins could sit alongside US Treasuries, commercial paper and money-market funds, with comments open through Nov. 19.

22:14 Regulation

White House Backs CLARITY Act Ahead of Sept. 15 Senate Cloture Vote

White House signals confidence in CLARITY Act ahead of Sept. 15 Senate vote White House digital assets adviser Patrick Witt said he is “genuinely optimistic and bullish” that the CLARITY Act will advance when the Senate returns in mid-September, with a Sept. 15 cloture vote set to determine whether the US crypto market structure bill moves to formal consideration. Its path still hinges on talks over stablecoin rewards and a conflict-of-interest provision tied to President Donald Trump’s crypto business.

21:11 Regulation

CFTC Opens Comment Period on CPO and CTA Exemptions for Some SEC-Registered Advisers

CFTC proposes broader exemptions for private fund advisers The CFTC has opened a 45-day comment period on rule changes that would let some SEC-registered investment advisers avoid separate commodity pool operator registration, extend related relief to certain commodity trading advisers, and raise the small-pool exemption cap from $400,000 to $800,000. The agency said the changes are meant to cut duplicative compliance while keeping existing SEC oversight and anti-fraud rules in place.

19:12 Regulation

SEC Proposes First Permanent Crypto Rule With Two Offering Exemptions

SEC unveils first proposed permanent crypto rule The U.S. Securities and Exchange Commission has issued a proposed “Regulation Crypto Assets,” its first major bid to create a permanent rule for digital assets, after canceling a planned vote on the measure days earlier. The proposal sets two exemption tracks for crypto securities offerings—up to $5 million over four years or up to $75 million in one year—and opens a 60-day public comment period before the agency drafts a final rule.

18:42 DeFi

Aave TVL Remains 43% Below Pre-Hack Level After April KelpDAO Exploit

Aave TVL still down 43% after April KelpDAO hack Aave’s total value locked has only partly recovered from the April 18 KelpDAO exploit, standing at about $14.9 billion versus $26.4 billion before the attack and 67% below its October 2025 peak of $45.9 billion. The protocol itself was not hacked, but attackers used stolen rsETH as collateral to borrow ETH, leaving Aave and Compound with an estimated $246 million in combined bad debt.

17:42 Infrastructure

Proposed XLS-68 Would Let XRPL Users Start Using the Ledger Without Buying XRP First

XLS-68 would let XRPL users onboard without buying XRP first The proposed XLS-68 amendment would let XRP Ledger users create accounts, set up supported trustlines and pay network fees without first buying XRP, by shifting those reserve and fee costs to a sponsor while users keep control of their wallets and private keys. If a sponsor runs out of XRP or stops paying, sponsored transactions pause until the account is funded again by the user or another sponsor.

14:42 Companies

July Crypto VC Funding Reaches $1.36B as Deal Count Falls to a 12-Month Low

July crypto VC hits $1.36B, but deal flow drops to 12-month low Crypto companies raised $1.36 billion across 41 VC rounds in July, down just 6.8% from June, but the number of rounds fell 28.1% to a 12-month low, showing funding became more concentrated. Crypto.com’s $400 million strategic round alone made up 29.4% of the total; without it, July VC funding would have been $960 million, down 34.2% month over month.

14:12 DeFi

Securitize seeks to add HINC fund as collateral on Aave Horizon

Securitize proposes HINC as first sub-investment-grade collateral on Aave Horizon Securitize has filed an ARFC to onboard HINC, the Neuberger Securitize High Income Tokenized Fund, to Aave Horizon on Ethereum as supply-only collateral, with USDC, GHO and RLUSD borrowable against it. If approved, HINC would become Horizon’s first sub-investment-grade credit collateral, adding a high-yield bond and CLO-backed fund to a market now centered on Treasuries and investment-grade assets.

13:44 ETF & Funds

Citi Plans to Add Institutional Bitcoin Custody to Custody+ Later This Year

Citi to add institutional bitcoin custody to Custody+ later this year Citi said it plans to launch institutional bitcoin custody later this year by adding it to its Custody+ platform, bringing crypto and traditional asset custody into the same framework. The bank said the move is aimed at markets with longer trading hours and faster settlement, with the service built on its common digital asset architecture and broader real-time custody infrastructure.

12:44 DeFi

Aave proposal seeks to add PAXGy to V4 Global Dollar Hub on Ethereum

Aave proposal targets PAXGy listing on V4 Global Dollar Hub Aave Labs has submitted a proposal to add PAXGy to the Aave V4 Global Dollar Hub on Ethereum, expanding the venue’s existing PAXG exposure with a yield-bearing gold-backed asset. PAXGy is a Paxos Labs vault share token backed by deposited PAXG, with final risk parameters and asset configuration to be set by Risk Service Providers before the plan can move from ARFC to Snapshot and Security Council execution.

11:26 Stablecoins

Circle says euro stablecoin EURC has surpassed €400 million in circulation

Circle’s EURC tops €400 million in circulation Circle said its euro stablecoin EURC has crossed €400 million in circulation for the first time, becoming the first euro-pegged stablecoin to reach that level. The token launched on Ethereum in June 2022 and now runs on five blockchains, while Circle says MiCA-compliant issuance and wider payment integrations, including Thunes support and Visa and Mastercard settlement expansion, are helping build euro-denominated on-chain rails.

10:12 Security

BitBox fixes two severe hardware wallet flaws in BitBox02 and Nova

BitBox patches two severe hardware wallet vulnerabilities BitBox has released a firmware update for BitBox02 and BitBox02 Nova fixing two severe flaws: one that could have let a malicious host install firmware on unconfigured Multi editions, and another in Silent Payments that could have locked Bitcoin to an unintended address. The company said neither issue was exploited and no user funds were reported lost.

09:15 Infrastructure

Solana Starts Agave 4.2 Mainnet Rollout With Rent Cut, Larger Transactions, Faster Slots

Solana begins activating Agave 4.2 upgrades on mainnet Solana started rolling out three feature-gated Agave 4.2 upgrades on mainnet in the week of Aug. 17: a 90% cut in on-chain storage rent, a 3.3x increase in maximum transaction size to 4,096 bytes, and staged slot-time reductions from 400ms toward 200ms with a safeguard tied to block skip rates. The release also includes Alpenglow code, but its mainnet activation is deferred to Agave 4.3 in October.

09:13 Security

Three August Crypto Data Breaches Exposed 253,487 Customers in Four Days

Three crypto customer data breaches expose 253,487 users in four days SafePal, Trezor and Israeli broker Bits of Gold disclosed breaches between Aug. 13 and Aug. 16 that exposed a combined 253,487 customers’ names, phone numbers, addresses and purchase data. Trezor’s ShipMonk breach and Bits of Gold’s roughly 200,000-user breach were both tied to Metabase flaw CVE-2026-72898, while SafePal said a third-party order tracking plugin exposed 39,798 records. No keys or funds were stolen.

07:13 Regulation

Hyperliquid Policy Center and Douro back SEC plan to repeal Rule 611

Hyperliquid and Douro urge SEC to scrap Rule 611 and clarify onchain execution The Hyperliquid Policy Center and Douro Labs filed a joint comment letter on Aug. 17 backing the SEC’s proposed repeal of Regulation NMS Rule 611 “without qualification,” while asking the agency and FINRA for clearer best-execution guidance for onchain markets. They said current rules do not fully address AMMs, network fees, atomic settlement, transaction ordering risks, or cases where the NBBO does not reflect onchain conditions.

06:42 Regulation

South Korea Approves Domestic Block on Prediction Market Platform Polymarket

South Korea orders block on Polymarket access South Korea’s Korea Communications Standards Commission approved a corrective order to block domestic access to Polymarket after concluding the prediction-market platform effectively provides a gambling environment for local users. The regulator said Polymarket’s market structure, trading rules, and crypto deposit, withdrawal, and settlement systems could aid gambling and encourage speculative behavior under the Criminal Act and National Sports Promotion Act.

06:41 Regulation

Binance to Halt Transfers With HTX and 10 Other Platforms From August 23

Binance to block transfers with HTX and 10 other platforms on August 23 Binance said it will stop processing transactions involving HTX, Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode and EXMO from August 23, mirroring the EU’s July 23 sanctions package against entities the bloc says helped Russia evade restrictions. Attempts after that date may be held for compliance review, and related wallets could face temporary limits while checks are underway.

06:11 DeFi

RWA Assets Used in DeFi Approach $4 Billion as Onchain Utilization Reaches 11.5%

Active RWA deployment in DeFi nears $4 billion DefiLlama data shows tokenized real-world assets actively used inside DeFi reached $3.98 billion on Aug. 18, up from $650.88 million a year ago and about $12 million three years ago. Of $34.55 billion in total tokenized RWA issuance, about 11.5% is actually deployed onchain, with private credit leading at $2.13 billion, while large treasury products like BlackRock’s BUIDL show just $18 million in DeFi and Franklin Templeton’s BENJI shows zero utilization.

05:12 Court

Edward Zimbardi Returned to US, Faces 25 Charges in Alleged $165M Crypto Scheme

Fiji deports alleged $165M crypto Ponzi operator to the US Edward Zimbardi was returned to the US on Aug. 14 after Fiji deported him, and now faces 25 federal charges in Georgia tied to The Crypto Program, including 12 counts of wire fraud, 12 counts of money laundering, and conspiracy to commit money laundering. Prosecutors allege he raised more than $165 million from thousands of investors with promised 25% monthly returns, using later deposits to pay earlier investors; the case is ongoing and he has not entered a plea.

04:43 Regulation

Austria Imposes €70,000 Fine on Bitpanda in First Published MiCA Sanction

Austria fines Bitpanda €70,000 in first published MiCA sanction Austria’s Financial Market Authority has fined Bitpanda GmbH €70,000 for breaching EU crypto rules, in what it called the country’s first published legally binding sanction under MiCA. The FMA said Bitpanda filed a crypto-asset white paper less than 20 working days before publication, ran marketing before the document was published, and omitted required disclosures and contact details in marketing materials.

04:12 Security

Wallet Linked to 2022 Pando Rings Hack Moves ETH to Tornado Cash Again

Pando Rings exploiter swaps $3M DAI for ETH, sends 800 ETH to Tornado Cash A wallet tied to the 2022 Pando Rings oracle hack reactivated on Aug. 18 after two months of inactivity, swapping 3 million DAI for about 1,570 ETH via CoW Protocol, Onchain Lens reported. Around 800 ETH worth roughly $1.52 million was then sent to Tornado Cash in eight transactions, moving funds still traceable to the original exploit.

03:42 Security

Harmony to Rewind Chain After Exploit Minted 2.385 Trillion ONE

Harmony Protocol to roll back network after 2.385 trillion ONE exploit Harmony developers said they will rewind the chain to Aug. 11 after an Aug. 12 exploit let an attacker mint and transfer 2.385 trillion ONE through flaws in cross-shard receipt validation and quorum verification. The rollback will reset Shard 0 and Shard 1 to pre-breach checkpoints, discarding 141,628 blocks on Shard 0 as well as 109,126 user transactions and 315 staking transactions.

03:41 Stablecoins

Anchorpoint Launches Beta for HKDAP, Hong Kong’s First Live Regulated Stablecoin

Anchorpoint starts live beta for HKDAP stablecoin in Hong Kong Anchorpoint Financial launched phase-one beta access for its HKDAP stablecoin on August 12, becoming the first of Hong Kong’s two licensed stablecoin issuers to move from approval to a live transaction. Access is limited to institutional distributors and professional investors: HashKey completed an initial client mint-and-redemption, while OSL is handling distribution, liquidity, exchange, trading, and settlement. Anchorpoint has not disclosed circulation, user, or volume data.

22:42 Crypto Brief

Printr to Close by Aug. 31, Canceling Token Launch and Airdrop

Printr to shut down by Aug. 31, cancels TGE and airdrop Printr said it has started winding down and will cease all operations by Aug. 31, scrapping the token generation event and airdrop it had promised users. The cross-chain token launchpad said it could not secure the capital and distribution needed to stay sustainable; from Aug. 18 it will unstake user positions and return assets, while tokens already deployed through Printr will remain live on their respective chains.

22:12 Regulation

US Treasury Opens 60-Day Comment Window on GENIUS Act Stablecoin Rules

US Treasury opens comment period for GENIUS Act stablecoin rules The US Treasury has launched a 60-day public comment process on rules for Section 3 of the GENIUS Act, the stablecoin law, ahead of full implementation. The proposal will define when a stablecoin is considered issued in the US and when an issuer or digital asset service provider is deemed to have offered or sold one to a US person. From July 18, 2028, providers generally will not be allowed to offer payment stablecoins to US users unless they are issued by an authorized issuer.

18:26 DeFi

NAVI Prime launches Sui-based lending framework for institutional capital

NAVI Protocol launches NAVI Prime on Sui for institutional lending NAVI Protocol has launched NAVI Prime, a Sui-based lending framework aimed at funds and other professional investors seeking more transparency and control over capital management. The company said the product is built for institutional requirements, while DefiLlama tracks about $124.6 million in total value locked across NAVI Protocol on Sui as of Aug. 17.

18:11 DeFi

Compound Foundation taps Coinbase, Anchorage, NEAR and Maple veterans for $52 million plan

Compound Foundation hires ex-Coinbase, Anchorage, NEAR and Maple execs Compound Foundation has appointed four executives from Coinbase Custody, Anchorage Digital, the NEAR Foundation and Maple Finance as it deploys a $52 million, DAO-approved two-year budget to turn the DeFi lending protocol into credit infrastructure for banks and asset managers. COMP holders passed the plan in Proposal 582 on May 10 with 1.88 million votes in favor, while the Foundation says its first institutional product will launch within weeks.

15:26 Regulation

SEC explores exemption for 24/7 trading of tokenized U.S. stocks

SEC drafts exemption for 24/7 trading of tokenized US stocks The SEC is developing an “innovation exemption” that could let selected platforms test trading tokenized U.S. stocks around the clock while permanent rules are written. SEC Chair Paul Atkins and Commissioner Hester Peirce have backed the limited approach, but no final framework, eligibility criteria, or launch date has been set, and tokenized shares would still remain subject to federal securities laws.

14:30 Regulation

Moscow Exchange to Add Bitcoin and Ethereum Perpetual Futures in September

Moscow Exchange to launch Bitcoin and Ethereum perpetual futures in September Moscow Exchange will add perpetual futures on Bitcoin and Ethereum indices in September, expanding a crypto derivatives lineup that already includes monthly and quarterly contracts on coins such as Solana, Ripple and Tron. The launch comes just before most of Russia’s new digital currency law takes effect on September 1, broadening access to crypto investments under restrictions for non-qualified investors.

14:25 Regulation

White House Crypto Meeting Highlights Gap With India’s 30% Tax and 1% TDS

White House to host crypto executives as India keeps 30% tax The White House is scheduled to meet crypto and prediction market executives on August 19, with reported participants including Coinbase, Ripple and Gemini leaders alongside SEC and CFTC officials, underscoring the Trump administration’s crypto-friendly stance. The move throws India’s tougher approach back into focus, where investors still face a 30% tax on gains and a 1% TDS on every transaction amid unclear digital-asset rules.

14:11 Regulation

US Treasury Publishes Draft GENIUS Act Stablecoin Rules for Public Comment

US Treasury opens comments on draft GENIUS Act stablecoin rules The US Treasury Department has released draft rules to implement the GENIUS Act, clarifying when issuing, offering, or selling a payment stablecoin triggers US licensing requirements, including for foreign-issued tokens circulating in the US market. Issuers must obtain a federal or state license from Jan. 18, 2027, while from July 18, 2028, providers will in principle be limited to offering US users stablecoins from authorized issuers.

12:56 Security

Fake The Odyssey Pirated Downloads Used to Spread Lumma Stealer, Bitdefender Warns

Bitdefender warns fake Odyssey rips are spreading Lumma Stealer Bitdefender said fake pirated downloads of The Odyssey are circulating as supposed WEBRip and Blu-ray files but are actually Windows executables that install Lumma Stealer, malware that targets crypto wallets, browser passwords, payment data and remote desktop credentials. The malware also steals authentication cookies, which can let attackers hijack accounts even when MFA is enabled.

11:56 Altcoins

Cardano’s Leios Upgrade Reaches 96% as ADA Holds Key Support After Nine-Day Slide

Cardano’s Leios upgrade hits 96% readiness as ADA steadies at key support ADA traded at $0.1770 on August 17, up 1.32%, after bouncing off the 0.382 Fibonacci level at $0.1762 and ending nine straight red days. The move comes as Cardano’s Leios progress tracker showed 96% readiness for a planned 1,000 TPS upgrade, while governance risk remains in focus with DRep approval for the new Constitutional Committee at about 30% versus the 67% threshold ahead of a September 1 expiry.

10:59 Security

Harmony proposes Aug. 11 rollback to remove forged ONE after network incident

Harmony proposes Aug. 11 rollback after forged ONE mint Harmony plans to restart its blockchain from two Aug. 11 checkpoints to remove ONE created in a forged mint, discarding all later activity including 109,126 regular transactions and 315 staking transactions. The network said validators would resume from shard 0 block 92,730,035 and shard 1 block 94,978,279, using replacement databases and client v2026.1.2 to reject the abnormal block hashes tied to the incident.

10:56 Infrastructure

Polkadot’s Parachain Model Now Ties Network Demand More Directly to DOT

Polkadot shifts parachain economics to DOT-paid coretime Polkadot’s Agile Coretime model has replaced parachain slot auctions, ending long lease competition and moving projects to bulk or on-demand Relay Chain resources bought with DOT; on Kusama, purchases use KSM. Lease auctions stopped on Sept. 19, 2024, with existing leases moved into Coretime and unused future leases canceled and refunded, creating a more direct—though not automatic—link between parachain demand and native token utility.

10:27 Security

BitMart shutdown faces pressure over frozen withdrawals and unpaid wage claims

BitMart shutdown draws scrutiny over frozen withdrawals and unpaid staff BitMart is facing fresh criticism as users report they still cannot withdraw funds and employees say their final month’s salary and compensation remain unpaid, even as the exchange says it is preparing an “orderly” shutdown. The company promised proof of reserves on May 23 but has yet to publish it; spot and futures trading are set to end on Aug. 26, with full closure scheduled for Jan. 31, 2027.

08:56 Payments

China expands digital yuan network to 30 operators with eight new banks

PBOC adds eight banks to digital yuan network China’s central bank has approved eight commercial banks to join its e-CNY operating network, raising the number of digital yuan service operators from 22 to 30. The new entrants, including Ping An Bank, Bank of Shanghai and Bank of Hangzhou, have connected to the central bank’s digital renminbi system and will launch customer-facing services after final business and technical preparations are completed.

08:56 Court

Knaken creditors warned of losses after prosecutors sell €2.2 million in crypto

Dutch prosecutors sell Knaken crypto for €2.2M after bankruptcy Dutch prosecutors sold Knaken’s remaining cryptocurrency for €2.2 million, creating the bankruptcy estate’s first known pool of funds for creditor claims after the exchange was declared bankrupt on July 16. Trustee Carl Hamm said the proceeds are currently the estate’s only available money and warned about 6,300 customers not to expect full recovery, with total investments estimated at €10–€12 million while prosecutors have alleged €7 million is unaccounted for.