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.
News | Regulation | Security
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.
Brian Armstrong Says Bitcoin Became Digital Gold as Stablecoins Grow
Coinbase CEO Brian Armstrong said Bitcoin functions as a store of value, while stablecoins have taken over as payment instruments. Stablecoin supply stands near $310 billion.
Ripple Payments Europe Added to EU MiCA Register
Ripple Payments Europe has been added to the EU MiCA register following approval in Luxembourg. The license grants passporting rights across 30 countries.
Legal | News | Payments & Compliance | Regulation | Security
Dutch Crypto Broker Knaken Declared Bankrupt After MiCA Breach
A Dutch court has declared crypto broker Knaken bankrupt for operating without a MiCA license. Around 7 million euros are reported missing, impacting about 30,000 customers.