⚖️ Telegram faces another legal challenge—this time in Australia

Australia's eSafety Commissioner has launched legal action against Telegram, accusing the platform of failing to promptly remove terrorist content reported by users in late 2025.

👀 According to the regulator, 10 out of 12 reported posts—including ISIS execution videos and footage from the Christchurch and Buffalo attacks—were not removed quickly enough, while related accounts allegedly remained active.

Telegram could face a fine of up to A$54.6 million (around US$38 million). At this stage, Australian authorities are not seeking to block the platform, with the case focused on content moderation compliance.

📰 Macro Signals Point to the Next Bitcoin Bull Market

Historically, major Bitcoin bull runs have coincided with two key macro trends: an expanding Federal Reserve balance sheet and a rising U.S. ISM Manufacturing PMI.

🔎 According to the analysis, the Fed is currently providing hidden quantitative easing (QE) to support the bond market, while the ISM PMI climbed to 55.6 in July, signaling renewed strength in the U.S. manufacturing sector.

These indicators don't mean Bitcoin will surge immediately. The crypto market could still face volatility through the end of summer and early autumn. However, the broader macro environment appears to be laying the groundwork for the next long-term bull cycle.

📰 Harmony hit by a MASSIVE 4 BILLION $ONE exploit, token crashes -30%.

The unauthorized mint was equal to roughly 26% of the total supply, with the attacker already moving 2.8B ONE to exchanges, per Juiceberg.

Only 115M ONE remains onchain, while the overwhelming majority has already been sold or is sitting in exchange wallets, potentially ready for further selling.

Harmony has confirmed the exploit and says it is working with exchanges to freeze the funds, while preparing a patch and possible chain rollback.

📰 Circle Pays $400M to Challenge Tether in Emerging Markets

Circle is acquiring payments firm Tazapay for $400M — a bet that USDC can crack the emerging markets where Tether has dominated for years. The strategic logic is blunt: those payment rails and local relationships "take years to build," and Circle is buying them instead.

With stablecoins' "next battleground in emerging markets," according to one expert, Circle isn't waiting for organic growth. Whether $400M buys enough of a head start against Tether's deeply entrenched position is the real question.