$676M Moved From Iran-Linked Shelbit to Binance
At least $676 million in crypto moved from Dubai-based Shelbit to Binance since May 2024, according to Reuters. Regulators in Dubai have cited anti money laundering and terrorism financing laws.
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Australia Sues Telegram Over Alleged Terror Content Failures
Australia’s eSafety Commissioner has launched civil proceedings against Telegram over alleged failures to remove pro-terror content. The platform could face penalties of up to AUD 54.6 million.
IRS Warns of Fake Crypto Compliance Letters Sent by Mail
The IRS has alerted crypto holders to counterfeit letters promoting a fake compliance portal. The scam uses QR codes and impersonation tactics to steal data and assets.
OFAC Sanctions Firms Over Iran Strait Insurance Scheme
The US Treasury sanctioned two firms over an alleged IRGC-backed insurance scheme in the Strait of Hormuz. Authorities cited Bitcoin payments and designated eight tankers as blocked property.
Triple-A Hot Wallets Lose $9.7 Million Across Blockchains
More than $9.7 million was drained from Triple-A hot wallets across TRON, Ethereum, Polygon, and Arbitrum. The stolen funds were bridged to Ethereum and consolidated in one address.
Crypto Exchanges Expand Into Stocks and Commodities
MEXC and other platforms are adding tokenized stocks, equity futures, and commodities to crypto trading apps. Product structure determines whether users gain ownership rights or price exposure only.
CrypFine Joins Coinone Travel Rule Network in South Korea
CrypFine has been added to Coinone’s CODE Travel Rule network, enabling compliant crypto transfers above KRW 1 million. The integration took effect on July 20, 2026.
Stablecoin Supply Hits $309.7B as XDC Integrates Bridge
Stablecoin supply reached $309.7 billion in July 2026. XDC integrated Stripe-owned Bridge to provide regulated fiat conversion and custody services to developers.
CZ Reflects on Legal Missteps During Binance’s Early Expansion
Changpeng Zhao said he underestimated legal and political risks when building Binance. His 2023 guilty plea led to a $4.3 billion fine and his resignation.
EU Sanctions Target 11 Crypto Platforms, Tightening Access for Russian Users
The European Union has adopted new sanctions targeting 11 crypto platforms and 94 Russian banks. Russian users face stricter access and compliance checks on major exchanges.
Digital Chamber Sues Illinois Over 0.2% Digital Asset Tax
The Digital Chamber is challenging Illinois’ 0.2% Digital Asset Tax Act in court before its 2027 launch. The group argues the law unfairly targets blockchain-recorded assets.
Wanchain Bridge Exploit Drains NIGHT Reserves, Token Hits Record Low
An attacker drained about 515 million NIGHT from Wanchain’s Cardano bridge, leaving wrapped tokens largely unbacked. The token fell to a record low as the bridge was suspended.
Open USD Expands Stablecoin Competition With Consortium Model
Open USD launches with more than 140 partners and a reserve revenue-sharing model. The move intensifies competition in a stablecoin market exceeding 300 billion USD in supply.
Stablecoins Reach 80% of Volume at SCRYPT Amid Institutional Shift
SCRYPT says stablecoins now account for about 80% of its processed volume. The firm acts as TON’s institutional gateway for regulated on-chain settlement.
Circle Receives US Bank Charter as CEO Signals Stablecoin Shift
Circle has received final OCC approval for a US bank charter. CEO Jeremy Allaire says stablecoins are evolving from trading tools into regulated digital cash.
Matrixdock Completes Two Years of Reserve Audits for XAUm and XAGm
Matrixdock has completed its fourth consecutive semi-annual reserve audit, covering both XAUm and XAGm. The July 2026 verification confirmed consistency between physical reserves and circulating token supply.
Allbridge Core Pauses Protocol After $1.1 Million Exploit
Allbridge Core halted its protocol after a flash loan exploit on Solana led to losses of more than $1.1 million. The incident adds to $57.8 million in crypto exploit losses in July 2026.
