Latest Crypto News & Market Updates

Ex-Sushi CTO Joseph DeLong to Launch Order Book DEX on Robinhood Chain

The former SushiSwap CTO described the decentralized exchange as a side project that ‘outgrew nights and weekends,’ with no specs, contract, or token disclosed.　　Joseph DeLong, the former SushiSwap CTO who now runs stablecoin card startup Colossus, said he will launch a decentralized exchange called Deepstate on Robinhood Chain next week.　　“I have a decentralized exchange side project that outgrew nights and weekends. Im gonna launch it next week on @robinhood chain,” DeLong wrote on X on July 24, linking to a whitepaper published on GitHub.　　A Fully Onchain Order Book　　The whitepaper, dated June 29 and authored by DeLong, specifies a limit order book that lives entirely in smart contract storage. Each resting order is packed into a single 32-byte word — price tick, quantity, a rounding-correction code, and a time-priority nonce — and stored in a binary radix tree keyed by price and arrival order. The design offers 4.3 billion logarithmically spaced price ticks and caps the work each trade performs at the trees fixed 64-bit depth, an attempt to keep gas costs bounded no matter how many orders rest on the book.　　Fully onchain central limit order books remain rare on EVM chains because every storage read and write costs gas. Most

07-24Industry

India Arrests Dubai Man in Global Crypto-Hawala Crackdown

ED arrests Dubai resident in crypto-hawala probe tied to narcotics money laundering across India, Brazil and Thailand.　　Indias Enforcement Directorate has arrested a Dubai resident in a sweeping crypto-hawala crackdown.　　Nihal V.N. now faces charges under the Prevention of Money Laundering Act, 2002. Investigators allege he laundered drug proceeds through crypto and foreign exchange transfers.　　The Goa Zonal Office carried out the arrest as part of a wider narcotics money laundering probe. A Special PMLA Court in Goa has remanded him to ED custody until July 28, 2026.　　Crypto Wallets Linked to International Drug Cartels　　According to a press release, the ED says Nihal V.N. worked as a key financial node for international drug syndicates. He allegedly converted cash from illicit drug sales in India into cryptocurrency and forex.　　Investigators claim the funds then moved to cartels and suppliers in Brazil and Thailand. Those networks reportedly used the money to finance high-grade narcotics and synthetic drugs for smuggling into India.　　Forensic teams have already traced multiple crypto wallets tied to the alleged scheme.　　Officials also flagged offshore bank accounts and domestic shell entities used to move the funds. The agency describes the accused as an operational bridge between Indian drug proceeds and overseas suppliers.　　Digital evidence collected so far

07-24Industry

The Safest States For Retirement And The Tax Risk Most Rankings Miss

Where should you retire？ A new analysis from CareScout suggests that retirement security extends beyond investment portfolios and healthcare costs.　　getty　　For decades, Americans choosing where to retire have weighed familiar questions: Which states have lower taxes？ Where are homes still affordable？ What is the weather like？ How close is the nearest grandchild？　　Increasingly, another question is drawing attention: How safe is it to grow older there？　　A new analysis from CareScout suggests that retirement security extends beyond investment portfolios and healthcare costs. Using seven measures—including elder fraud, violent crime, property crime, police staffing, fall-related deaths, traffic fatalities involving older drivers and hospital capacity—the report ranks the safest and most challenging states for retirement in 2026.　　While the overall rankings are worth a look, one finding stands out: Fraud targeting older Americans continues to climb, making financial crime one of the defining risks facing retirees.　　Fraud Has Become A Retirement Planning Issue　　Retirement has traditionally focused on the basics, like saving enough money, managing investments and stretching a retirement nest egg over a longer lifespan. But keeping that money has become increasingly difficult.　　According to CareScouts analysis, reported property crimes involving adults age 60 and older increased from 473.7 incidents per 100,000 seniors in 2015 to 769.8 in

07-24Industry

XRP ETF Gains Investment From Kansas-Based Wealth Manager

Kansas-based wealth manager Leisure Capital Management has revealed a position in Franklin Templetons XRP ETF during the second quarter of the year.　　According to a newly filed regulatory form with the U.S. Securities and Exchange Commission, Leisure Capital Management held 16,745 shares of the Franklin XRP Trust ETF (XRPZ). They were valued at roughly $206,000 as of June 30.　　The investment is not significant, but it shows that XRP is gaining more and more acceptance.　　Robinhood CEO Breaks Silence on Crypto Hack　　Cash Cat (CASHCAT), Solana (SOL), XRP and Dogecoin (DOGE) Price Analysis for July 24: Recovery Hype Goes Out　　The Overland Park, Kansas-based wealth management firm manages investment portfolios for individuals and institutions and holds traditional equities, bonds and ETFs.　　Its XRP ETF position appeared alongside holdings in major companies including Apple, Microsoft, Nvidia and Amazon.　　More institutional interest　　Earlier in July, Realta Investment Advisors reported a position in the REX-Osprey XRP ETF with more than $260 million in reported holdings.　　Vista Finance also disclosed exposure to the Franklin XRP Trust ETF, holding 129,958 shares worth approximately $11.45 million.　　You Might Also Like　　Brookstone Capital Management revealed a $71 million XRP ETF position. At the same time, CPR Investments disclosed a $363,000 position in the ProShares Ultra XRP ETF.　　Institutional activity

07-24Industry

South Korean Won: Strong GDP and inflows support Won – Commerzbank

Commerzbank reports that South Koreas advance Q2 GDP rose 0.6% quarter-on-quarter and 3.7% year-on-year, beating expectations. Robust AI-related semiconductor demand and resilient domestic spending underpin growth. The strong data support prospects of a further 25bp Bank of Korea hike in August. USD/KRW fell to 1,475, with the Won aided by portfolio inflows into bonds and equities.　　Growth surprise bolsters BoK hike case　　“The advance Q2 GDP rose 0.6% qoq sa (Bloomberg consensus: 0.4%) vs 1.8% in Q1. This suggests that growth momentum remained resilient despite energy supply disruptions.”　　“On an annual basis, the economy expanded 3.7% yoy (Bloomberg consensus: 3.5%) vs 3.8% previously. The Ministry of Economy and Finance (MoEF) recently upgraded its 2026 growth forecast to 3.0% from 2.0%, reflecting the stronger outlook for exports and investment.”　　“On monetary policy, the strong Q2 GDP reading supports the case of another 25bp hike to 3.0% by the Bank of Korea (BoK) at the 27 August meeting. At the previous meeting, Governor Shin Hyun-sung described August as a ”live“ meeting, reinforcing the BoKs data-dependent approach.”　　“With growth remaining resilient, inflation above target, and the AI-driven export boom broadening into wages and domestic demand, policymakers have scope to continue normalising policy.”　　“In FX, USD-KRW fell 0.2% to 1,475

07-24Industry

BitMEX faces proposed class-action suit for theft, insider trading as crypto exchange shuts down

SummaryBitMEX is facing a proposed class-action lawsuit from BKX Services and David Namdar, who allege unfair liquidations and the withholding of collateral.The complaint, which cites 622.66 BTC ($40.7 million) allegedly owed to the plaintiffs, says BitMEX designed a system to retain customer collateral and says an internal desk accessed private user data during server freezes.The lawsuit coincides with BitMEX announcing it will cease operations on Sept. 23, ending its 11-year run as a crypto derivatives exchange.　　BitMEX, the crypto derivatives exchange that invented the perpetual swap, faces a proposed class action suit alleging theft of bitcoin and insider trading filed the same day it said it would shut down in three months.　　The lawsuit, filed by former tokenization project BKX Services and David Namdar in the U.S. District Court for the Southern District of New York, sees BKX claim it lost at least 305.81 BTC through forced liquidations, while Namdar alleges losses of more than 316.85 BTC — a total of 622.66 BTC ($40.7 million).　　The July 23 filing came as BitMEX said it would close on Sept. 23, ending an 11-year run. Similar claims were made in a 2020 class-action case, which was closed in June 2025 without a ruling on the

07-24Industry

Bitcoin treasury companies sell up, repay debt, pivot to AI as share prices collapse

Among others abandoning the treasury approach include Sequans Communications (SQNS), which sold 1,025 BTC before disposing of nearly 80% of its remaining holdings to repay convertible debt. It has ruled out further purchases and plans to monetize its remaining 658 BTC.　　Nakamoto (NAKA), whose shares have fallen 99% since its May 2025 SPAC deal, sold around 284 BTC to raise $20 million for working capital following its acquisitions of BTC Inc. and UTXO Management. It sold roughly 40 BTC received through its derivatives program, according to VanEcks Sigel. Almost 70% of its remaining 5,342 BTC were pledged against a Kraken loan maturing in December, creating what Sigel described as a potential binary event.　　Its not only specialist treasury companies that are reducing their holdings of the largest cryptocurrency. Crypto miners including Bitdeer and MARA Holdings are selling bitcoin to repurchase or repay debt and repurpose their energy-supply deals and computing resources to power AI data centers.　　Other sellers include Empery Digital, which has reportedly sold almost half its bitcoin to finance buybacks and debt repayment, and Strategy, which has sold about 3,620 BTC in recent weeks and authorized additional sales to support its U.S. dollar reserves.　　Strategy, which started the investment trend, remains the

07-24Industry

As BitMEX exits, analysts warn crypto consolidation is accelerating

The closure of crypto derivatives exchange BitMEX is prompting fresh questions about whether the industry is entering a new phase of consolidation, as analysts point to market-share concentration and rising regulatory costs squeezing smaller platforms.　　While BitMEX helped pioneer perpetual swaps that became a cornerstone of digital asset derivatives trading, its daily Bitcoin futures volume began declining around May 2021 and never recovered to its 2020 daily peak of between $1 billion and $5 billion, according to data from CryptoQuant.　　Restructuring adviser Roshan Dharia told Cointelegraph the exchange‘s demise reflects structural pressures facing mid-sized centralized exchanges, where liquidity has increasingly concentrated among the industry’s largest players and regulatory compliance costs continue to rise. He said:　　The top five platforms now control an estimated 80% of global spot volume, leaving mid-tier and regional exchanges with shrinking margins and no viable path to scale... The headwinds are structural, not cyclical.Source: BitMEX　　Related: BitMEX pitches ‘canary fund’ alternative to Bitcoin quantum coin freeze　　The fall of BitMEX　　BitMEX, the crypto derivatives exchange founded in 2014 by Arthur Hayes, Ben Delo and Samuel Reed, announced on Thursday that it will shut down. Trading is scheduled to end on Sept. 23 following a strategic review by parent company HDR Global Trading.　　The

07-24Industry

Samsung Wallet to add stablecoin support as crypto push expands

Samsung has unveiled plans to add stablecoin support to Samsung Wallet, extending its mobile payment platform into blockchain-based digital value transfers.　　SummarySamsung has announced plans to add stablecoin support to Samsung Wallet, expanding the app beyond payments and rewards.The company has not disclosed the supported stablecoins, launch timeline or technology partners for the new Wallet feature.The move builds on Samsung‘s recent crypto initiatives, including Coinbase integration and investments tied to South Korea’s digital asset market.　　During the companys Galaxy Unpacked event, Samsung Electronics said Samsung Wallet will support stablecoins as part of its next phase of development, combining payments, rewards and digital assets within a single mobile experience. The company has not disclosed which stablecoins it will integrate, when the feature will launch or which partners will support the rollout.　　Speaking at the event, Samsung product manager Lee Dinham said Samsung Wallet will expand beyond cash and savings to include stablecoins. He said the company intends to become one of the first major smartphone brands to offer native stablecoin functionality, allowing users to transfer digital value directly from their devices.　　Although Samsung outlined the direction of the product, it stopped short of announcing technical details. The company has not identified supported blockchain networks, reserve-backed

07-24Industry

BitSpider Plans to Bring Its Card-Native Crypto Point-of-Sale System to Market After MiCA Authorisation

Tallinn, Estonia, July 24th, 2026, Chainwire　　BitSpider has highlighted its previously developed Crypto POS platform following the submission of its application for authorization as a crypto-asset service provider under MiCA in Estonia. The platform introduced an alternative approach to crypto payments by enabling customers to complete transactions using a tap-and-PIN experience similar to a traditional bank card, without relying solely on QR code scanning.　　The BitSpider Crypto POS offered two payment methods in a single device. A customer could pay by scanning a QR code from a self-custody wallet or a compatible wallet application. Alternatively, a customer could tap a BitSpider near-field communication (NFC) card on the terminal, enter a PIN, select a coin and confirm, without a smartphone, wallet application or QR scanning. The card-and-PIN method operated across multiple blockchains and stablecoins, whereas comparable tap-to-pay crypto cards available at the time were generally limited to Bitcoin. Similar tap-and-PIN crypto card products from other providers entered the market in 2025, after BitSpider had designed and demonstrated the concept in 2024.　　A complete point-of-sale system　　The BitSpider Crypto POS was a point-of-sale platform built on networks compatible with the Ethereum Virtual Machine (EVM). It combined dedicated all-in-one terminal hardware, comprising a pre-installed application, a built-in

07-24Industry

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