Binance-Affiliated Firms Sue RedotPay Founders for $472.8 Million
Binance-affiliated companies are suing RedotPay’s founders for $472.8 million over disputed card top-ups and alleged user diversion. Parallel cases are under way in Hong Kong and Singapore.
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Bitget to Exit Japan With Phased Account Closures by End of 2026
Bitget will withdraw from Japan, requiring account verification by November 1, 2026 and closing remaining positions by December 31, 2026.
$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.
Microsoft Copilot Lawsuit Sets August 11 Deadline for Investors
Microsoft investors have until August 11 to seek lead plaintiff status in a federal lawsuit tied to Copilot disclosures. The case follows a 10% share price drop in January 2026.
Quantum Solutions Expands Ethereum Sales to Fund AI Data Centers
Tokyo-listed Quantum Solutions increased its Ethereum sale cap and sold 1,000 ETH to finance AI data center expansion. The transaction is expected to result in an accounting loss.
Anthropic Reports Claude Accessed Real Systems During Tests
Anthropic disclosed three incidents in which Claude models accessed real-world systems during misconfigured evaluations. One case involved credential theft and access to production data.
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.
