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
CZ warns Bitcoin holders to remain vigilant after a Coldcard wallet exploit drained 70 million USD from multiple users. The former Binance CEO advised that nothing is 100% secure, as investigations continue into the hardware wallet breach. https://decrypt.co/374810/cz-warns-bitcoin-holders-70-million-coldcard-wallet-exploit #Web3 #Blockchain
SEC to review Nasdaq bitcoin options approval after CME challenge. CME argues bitcoin as a commodity means options fall under CFTC jurisdiction, not SEC authority. The review could reshape how institutional investors access bitcoin derivatives. https://www.coindesk.com/policy/2026/08/01/sec-to-review-nasdaq-bitcoin-options-approval-after-cme-challenge #Regulation #InstitutionalAdoption #Blockchain #Crypto
Bitwise is liquidating six crypto option ETFs that offered payouts of up to 25% while returning investors' own capital. All six funds reported a 0% 30-day SEC yield. Holders face automatic cash redemption with payment expected around Aug 10. https://cryptoslate.com/bitwise-is-liquidating-six-crypto-option-etfs-that-offered-25-payouts-while-returning-investors-own-capital/ #Crypto #ETFs