Bitget explores licensed crypto presence in Bhutan

Bitget has signed an agreement with Bhutan‘s Gelephu Mindfulness City Authority to explore establishing a licensed local operation, as the crypto exchange seeks a foothold in the country’s developing digital asset sector.  The agreement could pave the way for Bitget to establish a legal presence and prepare its application for a relevant financial services license in GMC, a $100 billion autonomous economic zone backed in part by Bhutans national Bitcoin reserves that aims to create high-value roles in finance, tech and wellness.  “GMC is the emerging hotbed for digital finance, and Bitget looks forward to contributing exchange experience, infrastructure knowledge and local talent development as this ecosystem grows,” said Gracy Chen, CEO at Bitget.  Last week, GMC appointed Canadian digital-asset manager 3iQ to manage a mandate backed by part of its Bitcoin treasury.  Under the partnership, 3iQ will manage an undisclosed portion of the Bitcoin allocated to support Gelephus development. The company will also establish a long-term presence in the city, invest in local talent and provide training and knowledge transfer.

08-07انڈسٹری

Japan FSA asks crypto exchanges to impose withdrawal delays to fight scams

Japans financial regulator has asked crypto exchanges to introduce withdrawal delays and other safeguards as authorities respond to increasingly sophisticated scams involving digital assets.  On Thursday, the Financial Services Agency (FSA) said it had jointly requested the measures with the National Police Agency amid growing losses among crypto exchange users and cases where funds obtained through fraudulent schemes are being transferred to exchange accounts.  The request calls on exchanges to restrict crypto withdrawals for a specified period after customers deposit fiat currency or purchase digital assets. Platforms were also asked to require users to pre-register crypto withdrawal addresses and impose a waiting period before newly added addresses can be used.  The request was submitted to the Japan Virtual and Crypto Assets Exchange Association, the countrys self-regulatory body for crypto exchanges.  Other proposed safeguards include customer-specific withdrawal limits, stronger transaction and access-environment monitoring, phishing-resistant multifactor authentication and checks to ensure that the name of a bank remitter matches the crypto account holders name.  The measures are not binding rules. The FSA said exchanges should determine how to implement these based on their operations, services and exposure to misuse.

08-07انڈسٹری

Sui targets 2027 mainnet rollout for native quantum safe account authentication

Sui has added two NIST-approved post-quantum signature schemes to its blockchain roadmap as it prepares optional quantum-safe accounts and vaults for future network upgrades.  According to Suis latest announcement, the blockchain plans to introduce ML-DSA-65 as a native signature scheme for regular accounts and SLH-DSA-SHA2-128s for high-value smart contract vaults, giving users an optional way to protect accounts against future quantum computing risks without replacing their recovery phrases or moving assets.  Learn more: https://t.co/2BEGG4pr4d  — Sui (@SuiNetwork) August 6, 2026  The rollout comes as blockchain developers and infrastructure providers increasingly prepare for the possibility that future quantum computers could break todays public-key cryptography.  Unlike traditional systems where public keys often remain hidden until needed, Sui said blockchain accounts expose public keys onchain once transactions occur, allowing attackers to collect them years before practical quantum computers exist.  The network warned that such “harvest-now-forge-later” attacks do not require quantum hardware today because attackers can simply archive exposed public keys and wait until sufficiently capable machines become available.  Citing research from Google Quantum AI published in March 2026, Sui said recovering a private key from an exposed public key could eventually take minutes on a fault-tolerant quantum computer using fewer than 500,000 physical qubits.  Sui also pointed to changing government timelines

08-07انڈسٹری

XRP price falls 2% as CLARITY Act vote slips to September

XRP traded near $1.03 on Aug. 7 as selling pressure kept the token among the weaker large-cap cryptocurrencies ahead of fresh U.S. labor data.  SummaryXRP traded near $1.03, down about 2.2% as selling pressure persisted across major exchanges today.Binance XRP open interest rose roughly 8% while perpetual CVD moved deeper into negative territory.Spot CVD fell more than 52%, showing a sharp decline in aggressive centralized exchange buying.Whales accounted for 81% of Binance XRP outflows, versus 72% across centralized exchanges overall globally.Senators return September 14, while July employment data arrives August 7 before inflation data Wednesday.  According to crypto.news market data, XRP dropped about 2.2% over 24 hours, compared with smaller moves in Bitcoin and Ether, while its market capitalization remained near $64.2 billion.  crypto.news showed XRP down 5.7% over seven days and 6.7% over 30 days. Trading volume was approximately $1.44 billion, with circulating supply near 62.53 billion tokens.  You might also like:  Bitwise XRP ETF sees reported $3.58M redemption  The decline came as the U.S. Senate pushed consideration of the CLARITY Act beyond its August recess. Senate Majority Leader John Thune said the bill would be queued when lawmakers return in September. The delay removes an expected near-term regulatory catalyst, although XRPs price move cannot

08-07انڈسٹری

Real-World Asset Deposits Jump to $7.4 Billion Through DeFi Downturn

Deposits of tokenized real-world assets across decentralized finance more than tripled to $7.4 billion over the past year, even as total funding in the sector declined.  CoinShares highlighted the split in its latest report with Token Terminal, noting that demand for tokenized assets is now driven by utility rather than by crypto market cycles.  Sponsored  Sponsored  Tokenized Assets Pull Away From the DeFi Slump  An earlier CoinShares report put the on-chain market value of tokenised assets above $40 billion. The new data measures how much of that is actually being used. The report covers on-chain activity from the second quarter of 2025 through the second quarter of 2026.  It showed that RWA deposits climbed from $2.3 billion to $7.4 billion year-on-year. Deposits stayed concentrated in yield-bearing products.  Tokenized Treasury and multi-strategy funds, including JTRSY, BUIDL, and sUSDS, drove most of the growth. Aave (AAVE), Morpho (MORPHO), and Kamino (KMNO) held the deepest liquidity.  Follow us on X to get the latest news as it happens  Tokenised Funds Emerging As The Primary Collateral Asset. Source: CoinShares  Total DeFi deposits moved in the opposite direction. It fell roughly 15% as investors withdrew capital and token prices dropped. The pattern repeated in trading.  Sponsored  Sponsored  Crypto-native spot volumes on decentralized exchanges dropped about 70% over the

08-07انڈسٹری

Ripple's Alderoty Says Crypto Is No Longer Just for 'Crypto Boys'

Ripple Chief Legal Officer Stuart Alderoty has pushed back against a recent Wall Street Journal editorial that referred to supporters of cryptocurrency regulation as “the crypto boys.”  Digital Currencies  He claims that the industrys user base is far more diverse than its critics tend to believe.  Beyond stereotypes  Alderoty said the label misrepresents the millions of Americans who now own digital assets.  According to the Ripple executive, roughly 67 million Americans currently hold cryptocurrency.  He added that about one-third of U.S. crypto owners are women. What is particularly striking is that more holders are over the age of 55 than under 25.  “Theyre teachers, construction workers, veterans, nurses, parents, and small business owners,” Alderoty wrote.  His comments came in response to a highly controversial Wall Street Journal Opinion editorial criticizing the Senates proposed CLARITY Act.  card  The editorial acknowledged that the CLARITY Act would provide much-needed and long-awaited regulatory certainty. However, the newspapers editorial board also argued that lawmakers should amend the legislation before passing it. It specifically took issue with stablecoin-related rewards and some exemptions for some decentralized networks.  As reported by U.Today, there was obviously a swift pushback from the crypto community. Blockchain Association CEO Ji Kim described it as containing “factual and legal inaccuracies.”  Digital Currencies  Overwhelming hate from the

08-07انڈسٹری

Thailands 0% crypto tax raises stakes in global capital...

Thailands five-year crypto tax exemption has returned to the spotlight after Binance founder Changpeng Zhao drew fresh attention to the policy this week, prompting new claims that the country has become a “0% crypto tax haven.”  The exemption is real, but it is neither new nor unlimited. Thailands Cabinet approved the measure on June 17, 2025, and Ministerial Regulation No. 399 was published in the Royal Gazette on September 5, 2025.  The rule exempts qualifying personal income derived from gains on cryptocurrency and digital-token transfers from January 1, 2025, through December 31, 2029. Crucially, the transaction must take place on a digital asset exchange, through a broker, or with a dealer licensed under Thai law. That condition makes the policy less a blanket tax holiday than an incentive to move trading activity into Thailands supervised market.  https://twitter.com/SantimentData/status/2085574208457695491?s=20  Thailands 0% crypto tax is an existing five-year rule  Thailands Ministry of Finance described the measure as part of a plan to establish the country as a global “Digital Asset Hub.” The Cabinet approved the principle in June 2025, while the final regulation entered the legal framework months later. Because the rule applies to assessable income received from the start of 2025, its tax benefit reaches back to

08-07انڈسٹری

S&P 500 added all of crypto's $2 trillion market cap in a month while bitcoin barely moved. Here's why

Crypto-specific troubles  Crypto has also been fighting its own battles that may be capping the upside. To name a few: the $120 million Coldcard exploit, uncertainty around the Clarity Act, and reports of Strategy liquidating its BTC.  “Crypto has also faced its own pressures. The Coldcard exploit has damaged sentiment, while Strategy has sold bitcoin in three consecutive months. Neither event has triggered a broader credit event or forced liquidation cycle,” Haeems said.  He added that rising bond yields are creating an additional headwind for crypto, leading to an outflow of capital via stablecoins. Leading dollar-pegged stablecoin USDTs supply has dropped to its lowest since 2025.  “I would also watch stablecoin supply. USDT has fallen from about $190 billion in April to $183 billion, while USDC has declined from $79.5 billion to $72 billion. With real Treasury returns at their highest since 2008, capital is being paid to remain outside crypto,” Haeems added.  Halving cycle and ETF flows  Theres also a four-year halving-cycle-related positioning story underneath all of this, and it may be the most counterintuitive piece.  According to Markus Thielen, founder of 10x Research, the lack of bullish impetus is likely the result of a self-fulfilling prophecy about the halving cycles track record, which suggests a

08-07انڈسٹری

Bitcoin wallet dormant since 2011 moves $3.2 million toward FalconX-linked address

It has also received funds from wallets Arkham labels as a Nexo hot wallet and Prime Trust custody.  The newly arrived 50 BTC remained in the address as of Friday morning. That means there is no on-chain evidence that the dormant coins themselves have been sent to FalconX, another exchange or sold.  A 2011 wallets coins landed in an address that has sold through a prime broker before. (Shaurya Malwa/CoinDesk)  Dormant wallets from bitcoins earliest years tend to draw attention when they move because their owners accumulated coins when the asset was worth a fraction of todays price.  While movement alone gives little indication of what the holder plans to do next, and transfers can reflect anything from wallet upgrades and custody changes to preparations for a sale.  The movements come on the back of one of the worst cold-wallet exploits to hit Bitcoin in years, a reminder that coins can sit safely for more than a decade and still become vulnerable when the software protecting their keys fails.  Coinkite, maker of the Coldcard hardware wallet, urged users on Tuesday to move funds after disclosing a flaw in firmware dating to 2021 that could expose keys generated by affected devices. Attackers have swept as much as

08-07انڈسٹری

XRP leads majors losses as Clarity Act vote slips to September

SummaryBitcoin hovered around $64,300 and was flat on the week as the Senate delayed a vote on the Crypto Clarity Act until at least September.Major cryptocurrencies were mixed, with XRP leading declines while BNB and Hyperliquids HYPE outperformed over the past seven days.Inflows into spot bitcoin funds have helped defend support near $63,000 to $64,000, but upcoming U.S. jobs and inflation data could determine whether bitcoin retests resistance around $66,000 or falls back toward $63,000.  Bitcoin held near $64,300 on Friday, little changed on the day and flat over the week, after the Senate confirmed it would not vote on the Clarity Act before leaving for its August break.  XRP was the weakest major, down over 2% on the day to $1.02 and 5.5% over seven days. Solana fell over 1% to nearly $73 and is down almost 2% on the week. Dogecoin slipped almost 1% to under 7 cents and ether was flat at $1,897, down marginally over seven days. BNB held at $591 and is up 1% on the week. Hyperliquids HYPE eased under 1% to nearly $56 but leads the majors over seven days at 1.3%.  The bill, which would set out which U.S. regulator oversees which digital assets, needs

08-07انڈسٹری
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