Crypto Industry News & Market Trends

Irish authorities recover another 500 bitcoins from lost Clifton Collins drug stash

Quick TakeThe latest recovery brings the Criminal Assets Bureaus total seizures from the Collins case to 1,500 BTC.Arkham data shows 4,500 BTC, worth more than $275 million, remains in the dormant wallets.　　Irish authorities have recovered a third batch of bitcoins (BTC) worth nearly $31 million from the lost crypto holdings of convicted drug trafficker Clifton Collins.　　Irelands Criminal Assets Bureau (CAB) said on Thursday that with help from Europols European Cybercrime Centre, it seized a further 500 BTC identified as proceeds of crime. This brings the bureaus total recovery in this case to 1,500 BTC worth over $92 million at current prices.　　Europol said it hosted operational meetings at its headquarters in The Hague and provided “highly complex technical expertise and decryption resources” used by investigators and analysts during the operation.　　Its the third such successful recovery from a cache of 12 bitcoin wallets that originally held 6,000 BTC amassed by Collins using proceeds from trafficking and growing cannabis. Authorities previously recovered 500 BTC in March and another 500 BTC in May after gaining access to the wallets.　　According to reporting by The Irish Times, Collins, a former beekeeper, bought bitcoin in late 2011 and early 2012 when it traded for just a few

07-03Industry

Ondo expands tokenized equities with onchain shareholder voting

Ondo Finance is adding shareholder voting rights to its tokenized stocks and exchange-traded funds (ETFs) through a partnership with financial infrastructure provider Broadridge, addressing one of the key limitations of blockchain-based securities.　　The companies announced Thursday that holders of more than 250 tokenized securities issued through Ondo will be able to participate in proxy voting and access corporate communications, including regulatory filings and other shareholder documents.　　The integration uses a Web3-enabled version of Broadridges investor communications platform, allowing users to authenticate with blockchain wallets while accessing governance services typically reserved for shareholders in traditional markets.　　The move comes as tokenized equities gain momentum among digital asset companies seeking to bring conventional financial products onchain. While tokenization promises faster settlement and around-the-clock trading, questions have remained over whether investors would receive the governance rights that accompany traditional direct stock ownership.Source: Ondo Finance　　Ondo said the governance features will accompany the launch of its first US custodial tokenized securities, including tokenized versions of BlackRocks iShares Core Ss third-party custodial framework for tokenized securities.　　Related: Blockchain.com deepens onchain stock offerings as tokenized equities market grows　　Competition heats up in tokenized equities　　The market for tokenized stocks has expanded rapidly this year, as its total value first surpassed $1 billion in

07-03Industry

Bitcoin and Ethereum Rise From Recent Lows as Solana Leads Gains Among Major Coins

Major cryptocurrencies are broadly in the green Thursday with Bitcoin, Ethereum, XRP, and other top coins showing gains as crypto liquidations climb—with short positions making up the majority of the carnage.　　Bitcoin topped the $62,000 mark Thursday morning for the first time in more than a week, rebounding to $62,078 after falling to a 21-month low under $58,000 earlier in the week. At a recent price of $61,808, Bitcoin is up about 3% on the day and 4% in the last week.　　Other major cryptocurrencies are showing similar gains, with Ethereum and Solana both up nearly 5% on the day, hitting recent prices of $1,701 and $81 respectively. Solana is the biggest gainer among the top 10 cryptocurrencies in the last week, rising more than 22% during that span. XRP is up more than 3% on the day at a recent price of $1.09.　　Crypto liquidations have surged to $602 million over the last 24 hours, per data from CoinGlass, with Ethereum flipping Bitcoin to become the biggest contributor with $187 million in liquidations compared to $184 million for BTC. Overall, short liquidations make up $400 million of the pile.　　The bullish rebound comes following comments Wednesday from Federal Reserve Chair Kevin Warsh, who

07-03Industry

Robinhood CEO says future of crypto is in real-world assets, not memecoins

Quick TakeWhen asked to explain why crypto is struggling this year, Robinhoods Vlad Tenev told CNBC that TradFi and crypto are merging and the future of digital assets is in bringing real-world assets online.Memecoins and “memecoin-like things” dont warrant much attention, he argued.　　A day after Robinhood unveiled an expansion of its tokenized equities offering, CEO Vlad Tenev said the growth of the digital assets industry hinges on bringing real-world assets (RWAs) onchain rather than creating tokens without underlying utility.　　“The future of crypto is in real-world assets,” Tenev told CNBC on Thursday morning. “If an asset is not tied to an underlying utility, its not a productive asset. Whats the benefit of making a million different memecoins？”　　On Wednesday, Robinhood launched Stock Tokens, a service that allows eligible users to trade tokenized equities 24/7, and eventually deploy those assets into lending pools where they can be used as trading collateral across the broader DeFi ecosystem. Robinhood is also working on ways to offer users exposure to privately held companies like OpenAI.　　Asked whether the crypto market has entered into an “enduring crypto winter,” Tenev spoke to his belief in the merging of traditional finance and crypto. Robinhood, which started as a popular app

07-03Industry

Humanity Protocol repositions toward enterprise AI after $36 million hack, founder says

Quick TakeIn his first interview since the hack, Humanity Protocols Terence Kwok said the project is advancing with a month-long repositioning move toward enterprise AI products, stepping back from its identity-and-blockchain framing after a $36 million exploit.Kwok conceded the odds of recovering the stolen funds are low, pointing to Bybits struggle to claw back its own far larger $1.5 billion theft last year.　　Humanity Protocol founder Terence Kwok said the project is repositioning toward enterprise AI products, moving away from its identity-and-blockchain roots weeks after a $36 million exploit drained its treasury and collapsed the H token.　　Speaking on The Blocks daily show, The Starting Block, in his first interview since the June attack, Kwok said the team had spent the past six to nine months quietly rethinking its direction and that the hack accelerated a shift already underway.　　How the breach unfolded　　The exploit stemmed from a compromised developer laptop rather than a smart-contract flaw.　　A phishing email reached several members of Kwoks team, and although no one clicked it, the attackers eventually gained access to private keys associated with a member of the Humanity Foundation.　　At the time, estimates from onchain analysts gathered that wallets linked to the project were drained for more than

07-02Industry

FBI Director Patel's Undisclosed Investment in Strategy Is Down as Much as $110K

In briefFBI Director Kash Patel disclosed months late that he bought a significant amount of Strategy stock last November.Strategy shares have since fallen about 44%, leaving Patels investment deep underwater if he still holds it.Patel said the purchase was “inadvertently omitted” from required financial disclosures.　　FBI Director Kash Patel has seen his stake in Strategy collapse since making a sizable, previously undisclosed investment in the Bitcoin treasury firm last November.　　Patel bought between $100,000 and $250,000 worth of stock in the Michael Saylor-founded company on November 21, according to new government filings. MSTR was trading around $181 at the time. The stock has since collapsed over 44%, to $100.55 at writing.　　The FBI director did not initially disclose his investment in Strategy. He amended a required disclosure form in late May to include the Strategy buy, which he claimed were “inadvertently omitted,” according to filings obtained by NOTUS.　　The stock buy should have been noted in a financial disclosure signed by Patel in early December. Under federal law, certain government employees, the FBI director included, must report securities transactions above $1,000 within 45 days.　　In the intervening months, assuming he hasn‘t sold the position, Patel’s investment in Strategy has lost him anywhere between $44,000 and

07-02Industry

Bitcoin's long-term holders have returned to accumulation

SummaryLong-term holders, defined as wallets that have held coins for at least 155 days, have shifted from net distribution to net accumulation, signaling renewed demand for the cryptocurrency, according to Glassnode data.Smaller and mid-sized wallets are leading broad-based dip-buying while the largest whale wallets remain mostly neutral, prompting analysts to say it is still too early to call this a full accumulation regime.　　Bitcoins price is back above $60,000, recovering from 21-month lows set early this week – and why not.　　According to analysis of blockchain data by Glassnode, positive undercurrents are forming beneath the surface, contradicting the bearish sentiment following Junes 20% drop.　　The most notable of those undercurrents is the long-term holder net position change, which has flipped back into positive territory after an extended period of distribution. The indicator tracks the 30-day net change in supply held by wallets that have held coins for at least 155 days (nearly six months), qualifying them as long-term holders in Glassnodes framework.　　The current accumulation appears to be running in the range of roughly 50,000 to 100,000 BTC on a net basis, based on Glassnodes chart. Thats a notable positive behavioral change, though the pace of accumulation remains modest compared to the waves of

07-02Industry

Warsh's comments set the stage for U.S. jobs data to ignite bitcoin, gold rally

Weaker labor market numbers would mean less money in the hands of workers and salaried employees, which usually translates into softer consumer demand and lower demand-pull inflation. That would validate Warshs view, reduce the case for aggressive Fed rate increases and put real pressure on the U.S. currency.　　With bullish positioning in the dollar and rates markets already lopsided, a soft payrolls report could trigger a sharp snap-back in the Dollar Index (DXY), giving bitcoin and gold a solid tailwind.　　That said, if the numbers come in hotter than expected, especially on the wage side, the bounce could stall, fast. Stay alert!　　Whats trendingOpenAI proposes handing Trump administration 5% stake (FT)　　The creator of ChatGPT is considering giving the U.S. government a 5% equity stake as part of efforts to strengthen ties with the Trump administration and broaden public participation in the benefits of AI.Stock futures are little changed after weak start to July trading; jobs report ahead: Live updates (CNBC): U.S. stock futures were little changed as investors awaited key employment data that could influence the Federal Reserves decision-making on monetary policy.(CoinDesk): Metaplanet (3350) bought another 2,823 BTC ($170.7 million), bringing its total treasury to 43,000 BTC ($2.6 billion).Robinhood rolls out public blockchain

07-02Industry

Metaplanet buys another $170 million of bitcoin expanding treasury to 43,000 BTC

SummaryMetaplanet purchased an additional 2,823 BTC, increasing its total holdings to 43,000 BTC.The companys Bitcoin Income Generation business reported approximately US$10.85 million (JPY 1.747 billion) in Q2 revenue and US$29.30 million (JPY 4.717 billion) for the first half of FY2026.　　(3350) announced the purchase of an additional 2,823 BTC ($170.7 million), bringing its total treasury to 43,000 BTC ($2.6 billion).　　The acquisition cements the Tokyo listed firm as the third largest publicly traded company holding bitcoin, trailing only Strategy MSTR) and Twenty One Capital (XXI), according to data tracked by Bitcoin Treasuries.　　Alongside the bitcoin purchase, the company released its second quarter FY2026 results for its . The division generated approximately 1.75 billion yen ($10.85 million) in operating revenue during the quarter, taking first half revenue to approximately 4.72 billion yen.　　Metaplanet uses bitcoin options to generate recurring income while expanding the companys bitcoin holdings. On a trailing 12-month basis, revenue reached approximately 11.4 billion yen.　　The latest results reinforce Metaplanets dual strategy of aggressively accumulating bitcoin while generating recurring cash flow from its Bitcoin Income Generation business.

07-02Industry

Taiko fully restores cross-chain bridge just 10 days after a $1.7 million hack

SummaryTaiko has reopened its Ethereum layer-2 cross-chain bridge just 10 days after a $1.7 million exploit.The protocol completed a multi-stage recovery that included an independent security review.All affected users have been made whole, the protocol said.　　Ethereum layer-2 scaling network Taikos cross-chain bridge is back online, just 10 days after the June 22 hack.　　The protocol halted operations after the attack, which stemmed from a compromised SGX signing key mistakenly exposed on GitHub. The flaw enabled an attacker to forge withdrawal proofs, draining roughly $1.7 million from the bridge and ERC20 Vault contracts.　　Bridge exploits involving exposed keys remain a persistent challenge in crypto, with hundreds of millions lost industry-wide in 2026. However, Taikos quick recovery stands out, with every user made whole in less than two weeks.　　“The bridge is open,” Taiko announced on X on Thursday. “You can move funds to and from Taiko again. Our response is complete: the network is fully restored and every user is whole. Any limits in place wont affect normal use. A reminder: well never DM you first, and theres no claim site. Only trust this account,” it added, promising to publish a full post-mortem of the incident soon.　　Taikos restoration of the bridge is the result

07-02Industry

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