The developers behind Samourai Wallet pleaded guilty to a single count of conspiracy to operate an unlicensed money‑transmitting business. The plea deal secures dismissal of the parallel money laundering conspiracy charge and caps potential prison time at five years. It also includes $237 million in forfeiture and a $400,000 fine. As journalist Matthew Russell Lee…
The Philippine government has officially launched a blockchain-based system to verify government documents on the Polygon network as part of a broader initiative to modernize public services and improve trust in state-issued records, local media reported on July 31. The new platform, introduced on July 30 by the Department of Budget and Management (DBM), allows…
Coinbase’s stock slid 8.4% after hours on July 31 as second-quarter results fell short of Wall Street expectations, before paring some losses into late trading. COIN closed at $377.76 and fell to $346.01 immediately after the release, and later recovered to about $354.77 as of press time. The exchange reported total revenue of $1.5 billion…
REX Shares announced in a July 31 post that its REX-Osprey SOL + Staking ETF (SSK) will make its first monthly distribution on Aug. 1, paying $0.12169 per share and passing through 100% of staking rewards. With 5,075,000 shares outstanding, the inaugural payout totals approximately $618,000. The issuer described the event as the first time…
Blockstream launched Simplicity on the Liquid Network, enabling smart contract programability on Bitcoin’s infrastructure. According to a July 31 announcement, the idea was first proposed in 2017 by researcher Russell O’Connor. Simplicity was designed as a clean-slate smart contract language that is more expressive than Bitcoin Script yet tighter and safer than general-purpose platforms. With…
Ethereum researcher Justin Drake unveiled the “Lean Ethereum” proposal on July 31 that reframes the base layer around the imperatives of survivability against nation-state and quantum threats and orders-of-magnitude performance gains without sacrificing decentralization. The new guidelines were dubbed “fort mode” and “beast mode,” respectively. Published on the Ethereum Foundation blog, the vision argued that…
Global economic standards have been updated to formally recognize Bitcoin (BTC) and other crypto assets in national wealth statistics, marking a pivotal shift in how governments measure digital value and financial innovation. The new System of National Accounts (SNA), approved by the United Nations Statistical Commission and coordinated by the IMF and other global institutions,…
The Securities and Exchange Commission (SEC) will launch a commission-wide initiative called “Project Crypto” to modernize securities rules for blockchain-based activity and help shift US markets “on-chain.” Chair Paul Atkins said in a July 31 speech at the America First Policy Institute that the initiative will execute recommendations made in the President’s Working Group (PWG)…
Robinhood and Kraken have both reported strong year-over-year (YoY) gains in their crypto-related metrics, even as quarter-over-quarter (QoQ) results show signs of pressure. On July 30, the two trading platforms released their Q2 2025 earnings, highlighting growth in user activity, asset volume, and strategic product rollouts amid broader market volatility. Robinhood’s crypto revenue surge Robinhood…
Publicly traded companies are outpacing US spot Bitcoin ETFs in BTC accumulation this year, according to newly compiled data from crypto platform CEX.IO. Earlier this year, US spot Bitcoin ETFs controlled nearly $120 billion in assets, almost double the $65.8 billion held by public companies. However, corporate treasuries have since ramped up their Bitcoin purchases,…