Latest Crypto News & Market Updates

Solo Bitcoin miner nets $200,000 as Coldcard hardware wallet drains rocks sentiment

The number of BTC sending addresses spiked on Friday to levels not seen since early 2024, according to CryptoQuant. The BTC exchange reserve has risen to 2.718 million BTC from 2.706 million BTC on July 30, the day the incident began.　　Other analytics firms argue that holders are moving coins to other wallets rather than exchanges. “The data indicates holders are migrating their coins to new wallets rather than sending to exchanges,” Glassnode said.　　Finally, rising Treasury yields, including mortgage rates, pose a potential headwind to risk assets, including cryptocurrencies.　　On the regulatory front, the news is equally uninspiring. Reports say the Senate left the Clarity Act off Monday‘s agenda. With the chamber’s summer recess set to begin around Aug. 10, that leaves just five days of scheduled session time remaining before lawmakers depart. Stay alert!　　Read more: For analysis of todays activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesks “Crypto Week Ahead.”　　Whats trendingColdcard wallet losses may near $114 million as possible fourth sweep emerges (CoinDesk): A fourth wave of sweeps against bitcoin addresses generated by the Coldcard wallet began Monday and was still running hours later. However, this time transactions can

08-03Industry

Bithumb now targets 2028 IP after major internal restructuring

SummaryBithumb, South Koreas largest crypto exchange, said it is preparing for an initial public offering in 2028 following a major internal reorganization.The company aims to complete risk management assessments and align with domestic and international accounting standards by the end of 2026, then seek a preliminary listing review in 2027.The IPO timeline, which follows regulatory scrutiny after a $40 billion transfer blunder and internal control failures, could shift depending on market conditions and regulators reviews.　　South Koreas largest crypto exchange Bithumb said Monday it is preparing for a 2028 initial public offering (IPO) following a major internal reorganization to strengthen control and adoption of international account standards.　　Seoul-based Bithumb did not reveal where it plans to launch the IPO. However, it did say it is working with domestic and international securities, law and account firms on the IPO process. Last year, Bithumb was said to be considering a NASDAQ listing, and later changed its plans to a listing on South Koreas Kosdaq first.　　CoinDesk approached Bithumb via email for more information, including where it plans to list its IPO, but had not received a response as of press time.　　The crypto trading platform also said it plans to complete its risk management systems assessments

08-03Industry

Ripple invests in ZILO and Licuido to deepen tokenized capital markets push

Quick TakeRipple announced Monday strategic investments in ZILO and Licuido as it deepens its push into capital markets.Ripple said the deals are expected to bring regulated transfer agency, issuance, and collateral mobility to its infrastructure on the XRP Ledger.　　Ripple announced Monday strategic investments in ZILO, which focuses on transfer agency solutions, and Licuido, an FCA-regulated tokenization platform, as it deepens its push into capital markets.　　Ripple said in a statement that the deals are expected to bring regulated transfer agency, issuance, and collateral mobility to its infrastructure on the XRP Ledger.　　ZILO provides transfer agency and fund administration technology for asset managers, custodians, and transfer agents, and supports tokenized share classes as investment funds move onchain.　　Licuido focuses on the issuance and distribution of traditional financial assets, enabling them to be used as digital collateral through onchain atomic settlement infrastructure, according to the statement.　　Nigel Khakoo, Ripples SVP for trading and markets, said that the latest deals build on its existing partnerships with Aviva Investors, Franklin Templeton, and DBS, which “demonstrate how asset managers are focused on deploying tokenized fund structures at scale.”　　“ZILO and Licuido provide core capabilities that are essential to further scaling this shift: regulated digital transfer agency infrastructure and liquidity for

08-03Industry

South Korean stablecoin outflows top $367M in June: Report

South Korea saw 560.3 billion won ($367 million) in stablecoin outflows to overseas exchanges in June, extending the countrys streak of monthly net stablecoin outflows to 18 consecutive months.　　The figure comes from Financial Supervisory Service (FSS) data obtained by Yonhap News Agency through People Power Party lawmaker Lee Jong-wook. South Koreas five major crypto exchanges — Upbit, Bithumb, Coinone, Korbit and Gopax — transferred 2.7 trillion won ($1.81 billion) in stablecoins offshore in June and received 2.2 trillion won ($1.44 billion) from foreign platforms.　　Market participants cited by Yonhap attributed the transfers to demand for products restricted or unavailable on domestic exchanges, such as overseas derivatives, tokenized real-world assets (RWAs), decentralized finance and staking products.　　Lee has called on the government to reassess how it protects investors and supervises cross-border crypto activity as stablecoin outflows continue. “The government must comprehensively examine its investor protection and supervisory frameworks again and move swiftly to improve regulations,” he said, according to The Korea Times.　　South Korea weighs tighter rules for offshore activity　　The outflows come as South Korea works to complete a broader legal framework for digital assets. On Thursday, a policy report recommended that authorities introduce interim licensing guidance and phase in stablecoin regulations before the

08-03Industry

South Korea's Bithumb officially targets 2028 IPO, outlines multi-year roadmap

Quick TakeBithumb, South Koreas second-largest crypto exchange, officially confirmed its 2028 target for an initial public offering.The exchange said it will request a preliminary listing review in 2027.　　Bithumb, South Koreas second-largest crypto exchange, announced Monday that it is advancing preparations for an initial public offering, with a target completion date in 2028.　　In a notice posted on its website, the exchange laid out its multi-year preparation plan for the IPO.　　This year, Bithumb will focus on upgrading its internal controls and preparing its transition to comply with the Korean International Financial Reporting Standards (K-IFRS), the countrys official accounting framework built on international standards. The company currently operates on Korean Generally Accepted Accounting Principles (K-GAAP).　　In 2027, Bithumb plans to request a preliminary listing review and have its application reviewed by local authorities, and ultimately complete its IPO in 2028. The schedule remains subject to changes in market conditions and regulatory review timelines, Bithumb noted.　　“Bithumb is advancing towards the ambitious goal of an IPO to maximize corporate value and demonstrate management transparency,” the company wrote in the notice. “Bithumb‘s listing is not simply about expanding the company’s size, but a process of building solid trust so that customers can trade with greater peace of

08-03Industry

Ripple Expands XRPL With ZILO and Licuido Investments

Ripple Strengthens XRPL for Institutional Finance With Strategic ZILO and Licuido Deals 　　Ripple is accelerating its push into global capital markets with strategic investments in ZILO and Licuido, expanding the institutional infrastructure underpinning the XRP Ledger (XRPL).　　More notably, these additions bring regulated transfer agency, digital asset issuance, and collateral mobility to Ripples ecosystem, underscoring its ambition to become a leading provider of infrastructure for tokenized finance, not just cross-border payments.　　The announcement comes shortly after Aviva Investors tokenized its U.S. Dollar Liquidity Fund on the XRPL, signaling that institutional adoption is moving beyond pilot programs into real-world deployment. It also follows reports that Ripples valuation has climbed to $50 billion, highlighting growing confidence in its expanding role across digital finance.　　Ripple believes tokenization is only the starting point. The greater opportunity lies in enabling tokenized assets to be traded, financed, pledged as collateral, and settled instantly within a regulated ecosystem, replacing slow and fragmented legacy processes.　　Ripples Capital Markets Vision Takes Shape With Institutional-Grade XRPL Infrastructure　　Despite rapid innovation, global capital markets still rely on infrastructure built decades ago, where settlement can take days and trillions of dollars in collateral remain locked up. Ripple aims to modernize this system by building an end-to-end investment

08-03Industry

Important Ripple (XRP) Announcement, New Investments: August 3

The company has made two new strategic investments, aiming to bring regulated fund issuance, settlement, and collateral mobility onto the XRP Ledger.　　Ripple has expanded its digital capital markets strategy. The company announced today investments in Zilo and Lucuido – two firms that are focused on developing infrastructure for tokenized funds and institutional asset trading.　　The move builds on existing partnerships with both firms. Ripple did not disclose the size of either investment.　　Speaking on the matter was Nigel Khakoo, SVP, Trading and Markets at Ripple, who said:　　“… ZILO and Licuido provide core capabilities that are essential to further scaling this shift: regulated digital transfer agency infrastructure and liquidity for issuance and collateral mobility. This is just the beginning of the journey, and we see a substantial opportunity to bring huge efficiencies to the investment sector over the next decade.”　　ZILO provides transfer agency and fund administration technology. Its systems give asset managers and custodians regulated digital records for tokenized share classes. Licuido, on the other hand, operates an FCA-regulated platform that supports the issuance, distribution, trading, and use of traditional assets as digital collateral.　　Ripple plans to integrate these capabilities with its infrastructure on the XRP Ledger. The company wants institutions to issue tokenized

08-03Industry

Four unpatched bugs, a 5-year quantum clock, and a miner standoff are pushing Bitcoin to a critical crossroad

Bitcoin entered BIP-110s final ordinary 2,016-block window on July 25 with miner support at 0.89%. The proposal requires 1,109 blocks, or 55%, for ordinary lock-in, and its mandatory version-bit phase can begin in August if support stays below that threshold.　　Jameson Lopp has framed Consensus Cleanup, covenants, and quantum preparation as Bitcoins next agenda. He also occupies two sides of that transition: Lopp opposes BIP-110 and co-authored BIP-361, a draft plan for post-quantum migration.　　BIP-110 gives those debates a live governance reference because developers, miners, node operators, exchanges, custodians and holders each supply a different form of consent. The next proposals attach that coordination test to block validation, theft-resistant custody and the ownership status of vulnerable coins.　　Known bugs enter the upgrade queue　　Consensus Cleanup combines four protocol repairs in BIP-54. Antoine Poinsot and Matt Corallo completed the specification in May, and Bitcoin Inquisition has run the rules on its experimental signet since February.　　The package covers the timewarp attack, extreme block-validation costs, a Merkle-tree ambiguity involving 64-byte transactions, and future duplicate-transaction checks.　　The timewarp flaw gives majority hash power a route to drive mining difficulty toward its minimum within 38 days, pulling subsidy forward through faster block production and altering miner incentives.　　A separate weakness is

08-03Industry

The Smarter Web Company adds 11.89 Bitcoin, treasury reaches 2,712 BTC

The Smarter Web Company has increased its Bitcoin treasury by acquiring another 11.89 BTC, taking its total holdings to 2,712 BTC.　　SummaryThe Smarter Web Company has purchased another 11.89 Bitcoin, increasing its treasury to 2,712 BTC.The latest acquisition has moved the UK listed firm to 28th place in the BitcoinTreasuries corporate Bitcoin rankings.The purchase comes weeks after the company repaid its Smarter Convert financing and reported holdings of 2,700 BTC.The company has continued building its Bitcoin reserves under its long term 10 Year Plan.　　According to BitcoinTreasuries.NET, the London-listed company completed the latest purchase of 11.89 Bitcoin, lifting its corporate treasury to 2,712 BTC and moving it to 28th place in the Bitcoin 100 ranking of public companies holding the asset.　　JUST IN: British publicly traded The Smarter Web Company ($SWC) buys an additional 11.89 #Bitcoin and now holds a total of 2,712 BTC.　　????Bitcoin 100 Ranking: 28???? pic.twitter.com/Sk9WgQZgBI　　— BitcoinTreasuries.NET (@BTCtreasuries) August 3, 2026　　The latest acquisition follows the companys decision last month to retire its Smarter Convert financing instrument ahead of schedule, a move that left it holding 2,700 BTC after selling part of its treasury to settle the obligation.　　By adding fresh Bitcoin within weeks, the company has resumed the accumulation strategy it has

08-03Industry

Trade.XYZ rumored to seek $200M equity round at $1.5B valuation

Rumors that Trade.XYZ has been seeking a $200 million equity financing at a $1.5 billion valuation have sparked conflicting views across the crypto community, with supporters calling the report credible while others have dismissed the claim.　　SummaryTrade.XYZ is rumored to be raising $200 million at a $1.5 billion valuation through an equity financing round.Cobie dismissed the fundraising reports, while other crypto community members argued the rumors could be credible.Trade.XYZ has not confirmed the reported financing or announced any plans to raise new capital.The funding speculation surfaced days after Trade.xyz announced reimbursements for users affected by the SK Hynix liquidation incident.Community members have questioned why Trade.XYZ would seek outside investors instead of funding from the Hyperliquid ecosystem.　　According to market chatter circulating on X and Telegram, speculation about the funding round gained traction after several community figures discussed the possibility of Trade.XYZ raising outside capital.　　Source: ProMint on X.　　The reported terms describe a $200 million equity round valuing the company at $1.5 billion, although Trade.XYZ has not publicly confirmed that such a fundraising process is underway.　　Community debate has split over Trade.XYZ funding rumors　　The discussion gathered pace after crypto commentator ProMint said he had heard the fundraising claim from people he knows and had seen

08-03Industry

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