A federal judge has paused Minnesota's law banning prediction markets, ruling that Kalshi and Polymarket would likely win their case that the ban violates federal law. The ruling allows prediction markets to continue operating in the US while the legal challenge proceeds. https://www.coindesk.com/policy/2026/07/27/kalshi-polymarket-win-pause-against-minnesota-s-prediction-market-ban #Web3 #Blockchain #Regulation

Perpetual futures on SK Hynix American depositary receipts have suffered a flash crash on Hyperliquid, plunging 20% in one minute before rebounding above USD 1,000. The incident highlights the volatility of decentralised perpetual markets. https://www.coindesk.com/markets/2026/07/28/perpetuals-tied-to-sk-hynix-suffer-a-flash-crash-to-usd900-on-hyperliquid #Blockchain #Crypto #Web3

Morgan Stanley has launched ether and Solana exchange-traded products, becoming the first major US bank to offer both ETH and SOL funds with the market lowest fee and staking rewards. https://www.theblock.co/post/409898/morgan-stanley-debuts-ethereum-solana-etfs-markets-lowest-fee-staking-rewards #Blockchain #Crypto #InstitutionalAdoption

BlackRock, Fidelity, Franklin Templeton, Goldman Sachs and SoFi have publicly endorsed the Digital Asset Market Clarity Act, urging Congress to pass legislation that would establish a new regulatory framework for the US crypto industry. The bill would make clear how crypto is regulated and which regulators firms answer to. https://www.coindesk.com/policy/2026/07/28/blackrock-fidelity-other-wall-street-giants-back-the-clarity-act #Blockchain #Crypto #InstitutionalAdoption

Ionic Digital jumped 25% in its Nasdaq debut after expanding Celsius bitcoin mining assets into AI infrastructure. The company was formed from Celsius Mining assets and took direct control of its sites from Hut 8. https://www.theblock.co/post/409945/ionic-digital-jumps-22-nasdaq-debut-celsius-bitcoin-mining-assets-ai-infrastructure #Web3 #Blockchain #InstitutionalAdoption

A coalition of 44 state attorneys general has urged the CFTC to draft new rules for sports prediction markets, arguing the agency lacks authority under the Commodity Exchange Act. The move challenges the CFTCs jurisdiction over the rapidly growing prediction market sector. https://www.theblock.co/post/410013/state-attorneys-general-cftc-letter-prediction-markets #Web3 #Blockchain #Regulation

BNY, the world's largest custodian, is targeting the 8.6 trillion USD transfer agency market by adding blockchain-based digital ownership records for tokenised funds. The bank will keep its existing system while integrating the new technology. https://www.coindesk.com/business/2026/07/29/bny-targets-usd8-6-trillion-transfer-agency-market-on-blockchain-rails #Blockchain #Crypto #InstitutionalAdoption

Robinhood posted record Q2 revenue of 1.31 billion USD, up 32% year-over-year, beating estimates. Prediction markets surged over 10x to 156 million USD, becoming its fastest-growing revenue line, while crypto revenue fell 38% to 100 million USD. The company is expanding Robinhood Chain with tokenized stocks and decentralised lending. https://decrypt.co/374693/robinhood-earnings-best-quarter-ever-crypto #Web3 #Blockchain #InstitutionalAdoption

Russia has detained the founder of crypto mining firm BitRiver on fraud charges, according to a report. Runets and his company were reportedly involved in a deal with local conglomerate En+ that resulted in 12.5M USD in damages. https://www.theblock.co/post/410117/russia-detains-bitriver-founder #Blockchain #Crypto #Regulation

Aave has proposed deprecating 75 reserves across six deployments, affecting 98.1 million USD in supplied assets and 15.6 million USD in debt. The DeFi protocol is cleaning up rarely-used markets. https://www.theblock.co/post/410127/aave-proposes-reserve-deprecations-affecting-98-million-in-supplied-assets #Web3 #Blockchain #DeFi

Fake Flare Network staking site drained 8.5M USD in XRP, Seoul Police say. The ring copied the Flare Network and its FXRP token, using Wikipedia entries, blog posts and YouTube videos to appear legitimate. https://decrypt.co/374696/fake-flare-network-staking-site-drained-8-5m-in-xrp-seoul-police #Blockchain #Crypto #Regulation

Twenty-eight major banks including JPMorgan, Citi and UBS have completed a live test of blockchain-based cross-border payments, moving 1 million USD in real money. The BIS pilot marks a significant step towards tokenised settlement infrastructure in the traditional finance sector. https://www.coindesk.com/business/2026/07/30/global-banks-test-tokenized-money-for-cross-border-payments-in-usd1-million-bis-pilot #Web3 #Blockchain #InstitutionalAdoption

The IRS has warned that fraudsters are sending fake letters to crypto holders in an attempt to steal digital assets or data, according to a Bloomberg report. The agency says correspondence regarding crypto has become more familiar as taxpayers must now disclose activity. https://www.theblock.co/post/410204/irs-crypto-holders-fraudster-sending-fake-letters-steal-digital-assets-data-bloomberg #Web3 #Blockchain #Regulation

Ethereum turns 11 years old with 148.8B USD in stablecoins and 15.5B USD in tokenised real-world assets, but daily mainnet revenue has fallen to just 330k USD. The milestone comes as the network faces questions over ETH value capture. https://cryptoslate.com/as-ethereum-turns-11-years-old-it-hosts-148b-in-stablecoins-but-daily-mainnet-revenue-just-fell-to-330k/ #Web3 #Blockchain #Web3

Tether reported a 1.5B USD profit in Q2 as USDT supply grows and its gold holdings rise. The attestation shows assets backing the world'''s largest stablecoin include US Treasuries, repo agreements and over 146 metric tons of gold. https://decrypt.co/374796/tether-reports-1-5b-q2-profit-usdt-supply-grows #Blockchain #Crypto #NewCryptoProducts

DeFi giant Aave is proposing to wind down operations on six blockchains generating less than 5,000 USD in quarterly revenue. The protocol's risk arm cited economic unsustainability for Sonic, Scroll, zkSync, Metis, Soneium and Aptos deployments. https://cryptoslate.com/why-defi-giant-aave-is-pulling-the-plug-on-six-hyped-blockchains-making-less-than-5000-a-quarter/ #Web3 #Blockchain #DeFi

The XRP Ledger is set to restore two features that were pulled last year after researchers uncovered bugs that could have allowed unauthorized transactions. The xrpld 3.3.0 release expected next week includes five proposed amendments. https://www.coindesk.com/tech/2026/08/01/xrp-ledger-upgrade-brings-back-features-once-pulled-over-critical-bugs #Web3 #Blockchain

Over 110 corporate blockchains are multiplying as major firms including Stripe, Circle and Robinhood build their own networks. Coinbase CEO Brian Armstrong expects the boom to end in consolidation, with weaker platforms forced to combine or retreat. https://cryptoslate.com/why-110-corporate-blockchains-are-headed-for-a-massive-shakeout-and-coinbases-secret-token-plan-to-absorb-them/ #Web3 #Blockchain #InstitutionalAdoption