News linked to this event type.
Odaily News, SharpLink CEO Joseph Chalom has formally opposed Ethereum Improvement Proposal EIP-8363, stating that if passed, the proposal could weaken the DeFi ecosystem, limit institutional interest in Ethereum, and erase a key advantage ETH holds over Bitcoin.EIP-8363, also known as "Tapered Issuance Burn," works by gradually increasing the proportion of consensus layer validator rewards that are burned as ETH staking ratios rise. When approximately 50% of ETH's supply is staked, the reward burn ratio would reach 100%, meaning issuance returns would drop to zero. If passed, the mechanism would be phased in gradually over roughly 18 months.The proposal, introduced earlier this week, has sparked significant controversy. Supporters argue it could limit the scale of ETH staking through market-based means while reducing the dilution problem faced by non-stakers. Proposal authors include Ethereum Foundation researcher Justin Drake, EthCC founder Jérôme de Tychey, and others.However, critics argue the mechanism could disproportionately harm solo stakers and weaken Ethereum's security. Chalom stated that the proposal's authors are all serious researchers and long-term Ethereum supporters, but "well-intentioned people can also be wrong."
Odaily News: Trump Media & Technology Group, the media company owned by U.S. President Donald Trump, has terminated the CRO treasury company initiative backed by Crypto.com and abandoned its broader digital asset partnership with Crypto.com. Trump Media, Crypto.com, and Yorkville Acquisition Corp. have agreed to terminate the related service agreements and digital asset product plans. The three companies stated that the decision was driven by the current market environment, as well as shifts in business and stakeholder priorities. The existing Truth Social Funds ETF will remain unchanged, and Trump Media will also abandon the direct integration of prediction markets into Truth Social, instead promoting Crypto.com's prediction market products to users through marketing partnerships. Trump Media interim CEO Kevin McGurn stated that the digital asset treasury company market has become increasingly competitive over the past year, and the prediction market business has likewise grown crowded. As a result, the company will scale back its related initiatives and pivot toward a distribution and data partner role.
Circle launches native USDC stablecoin and cross-chain transfer protocol CCTP on OKX's Ethereum Layer 2 network X Layer, supporting cross-chain transfers and DeFi applications.
Odaily News: Cryptocurrency exchange Bybit has filed a civil lawsuit against the Democratic People's Republic of Korea, its intelligence agency Reconnaissance General Bureau (RGB), and the state-sanctioned hacker group Lazarus Group over a $1.5 billion hacking incident. A U.S. federal court has issued a preliminary injunction prohibiting the transfer or dissipation of identified assets related to the case during the litigation.
Odaily News: Brian Armstrong posted on the X platform that Coinbase Dev now allows the creation of multi-type wallets through a single API call, including self-custodial, developer-custodial, and user-custodial options. This feature supports multiple blockchains and various asset classes, including stablecoins, crypto assets, and tokenized real-world assets.
Odaily News: "AI stock guru" Leopold Aschenbrenner has shared wedding photos on X after a nearly one-year silence.Previously reported, Leopold Aschenbrenner's Situational Awareness fund gained 439% cumulatively before June 2026, but suffered heavy losses during the July AI sector sell-off. Prior to his wedding, he sold most of the fund's equity portfolio to Citadel, the investment firm owned by Ken Griffin.
Odaily News: Bitcoin News stated on the X platform that BTCPay Server has reported a critical vulnerability being actively exploited, which could result in loss of funds. Users should immediately update to BTCPay Server v2.4.2; those who cannot update immediately should shut down their BTCPay Server until the update can be installed, to prevent unauthorized access.
The Seedance 2.5 video generation model has officially launched on the creative platform Arcads. By integrating Claude capabilities, Arcads transforms existing presentation formats within creative categories into creative directions, and has now deeply integrated Seedance 2.5 into the production layer, building a complete closed-loop workflow from creative concept to final video. Users can complete the entire process of research, creative conversion, and video generation within the same system. The model offers unlimited access within the first 24 hours. This move marks an industry upgrade for AI video generation from isolated clip creation to complete story and world building.
Odaily News – Tom Lee posted on X, stating that the market's significant "dovish" reaction to the July jobs report is another example of the market suffering from "inflation confusion syndrome." His view is that inflation is on a downward trajectory; the market had previously been impatient and overly hawkish. Following the release of the jobs report, the probability of a September rate hike has fallen below 40%, compared to 75% just two weeks ago, when many economists had advocated for an early rate hike. Do not fight the last war.
Odaily News: Tether's Q2 net operating profit was $1.5 billion, primarily derived from interest generated by its U.S. Treasury holdings and repurchase agreements. As of June 30, Tether's reserve buffer stood at $4.11 billion, with assets exceeding liabilities by the same amount. USDT's circulating supply increased by $446 million to $184.6 billion, accounting for over 60% of the global stablecoin market. DeFiLlama data shows the global stablecoin market size is approximately $307 billion, with Tether remaining one of the major holders of U.S. Treasury securities. Asset management firm BlackRock has launched two tokenized money market products aimed at stablecoin issuers to help meet reserve requirements under the U.S. GENIUS Act. One of the funds tokenizes shares of its existing Treasury liquidity strategy on Ethereum, while the other is an institutional-grade money market instrument designed to support multiple chains and automatically reinvest returns.
Odaily News: Prediction market platform Kalshi has announced the launch of an AI-powered tool called Blanket, designed to help small businesses hedge operational risks such as weather, energy prices, tariffs, and elections using event contracts.Blanket was developed by independent fintech entrepreneur Lauris Zminsky and operates on Kalshi's CFTC-regulated prediction market, though it is not an internal Kalshi product. The tool does not directly execute trades or handle funds; instead, it uses AI to analyze risks faced by businesses and recommends Kalshi event contracts that can be used for hedging.Kalshi stated that small businesses are becoming a key growth area, with an increasing number of companies using event contracts to manage uncertainty from abnormal weather, sports events, transportation costs, and tariff fluctuations. However, Blanket has also sparked debate over the positioning of prediction markets. Supporters argue that prediction markets are democratizing risk management tools previously available only to large financial institutions, while critics worry that they may further promote the "gamification" and speculative nature of financial products.Kalshi has already obtained regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) and emphasized that its platform differs from casinos, offering stronger user protection mechanisms and greater transparency. (Fortune)
Chip company Cambricon released its financial report for the first half of 2026. The company's total operating revenue was 5.996 billion yuan, a year-on-year increase of 108.13%; net profit attributable to shareholders of the parent company was 2.311 billion yuan, a year-on-year increase of 122.61%; net profit after deducting non-recurring gains and losses was 2.166 billion yuan, a year-on-year increase of 137.3%. Basic earnings per share was 3.68 yuan, a year-on-year increase of 119.05%. The financial report shows that R&D investment accounted for 11.72% of operating revenue, a year-on-year decrease of 7.09 percentage points, mainly due to the rapid expansion of revenue scale.
According to Odaily, Randi Abernethy, Head of Clearing and Group Risk at Bullish, stated that the U.S. Senate's failure to pass the Digital Asset Market Clarity Act (CLARITY Act) does not mean the digital asset market will stop developing; rather, it highlights the necessity of establishing a federal regulatory framework.Abernethy noted that during the Senate's consideration of the CLARITY Act, traditional U.S. financial institutions have continued to accelerate their entry into the on-chain market. JPMorgan Chase has explored tokenized ETF holdings through a production pilot with the Depository Trust & Clearing Corporation (DTCC), and more than 50 institutions (including BlackRock and Goldman Sachs) are also participating in the development of tokenized stock and Treasury bond infrastructure. The current regulatory discussion is no longer just a "crypto industry issue," but one that concerns the future infrastructure of the entire financial system.Abernethy cited the 2008 financial crisis as an example, noting that financial risk spreads along shared infrastructure, and even institutions not directly involved in related assets can be affected. Today, the stablecoin market size has exceeded $100 billion, with a large portion of stablecoin reserves invested in U.S. Treasuries. If a major stablecoin were to face a crisis, it could impact liquidity in traditional financial markets. She stated that supporters of the CLARITY Act believe the bill could establish a unified regulatory framework for the digital asset market, including core investor protection mechanisms such as customer asset segregation, conflict of interest management, capital requirements, and information disclosure. (CoinDesk)
Odaily News: Major U.S. financial institutions continue to advance on-chain operations. JPMorgan is tokenizing ETF holdings through a production pilot with the Depository Trust & Clearing Corporation (DTCC), with over 50 companies including BlackRock and Goldman Sachs already connected to the same infrastructure for tokenizing equities and U.S. Treasuries. BlackRock's CEO stated that tokenization is a way to "update the plumbing of the financial system." Bullish Exchange's Head of Clearing and Group Risk, Randi Abernethy, testified before the U.S. House Financial Services Subcommittee regarding the CLARITY Act in July 2026.
Pump.fun has announced the rollout of a social trading feature upgrade in its App, further enhancing community interaction and the trading experience. This update includes: users can create token alerts to send notifications to all followers; support for zero-fee trading; and support for seamless cross-chain transactions using USDC.
Bitcoin News posted on X platform that a Trezor user claimed their life savings were stolen after clicking a Google-sponsored search result impersonating Trezor. The phishing page was hosted on Google Sites and allegedly tricked the victim into entering their wallet recovery seed. Trezor stated that it is upgrading its handling of the report, proceeding with the removal of the website, and reminding users to never enter wallet backups or mnemonic phrases on any website or online form. Google-sponsored phishing ads remain an ongoing attack vector for crypto users.
Bitcoin developer Chris Guida has reset the PoW change code written by Bitcoin developer Luke Dashjr in 2017 onto the recent Bitcoin Knots codebase. The code has not yet been scheduled for activation, and Guida stated that it serves as a contingency plan and is not an imminent fork. BIP-110 is a temporary soft fork proposal that aims to restrict arbitrary data embedded in Bitcoin transactions within approximately one year, including restoring the OP_RETURN 83-byte consensus limit. The proposal requires 55% miner signaling support, meaning 1,109 blocks out of 2,016 blocks, to achieve early lock-in. If the threshold is not met, the forced signaling window will begin at block 961,632, expected to occur around August 8 or 9. Nodes implementing BIP-110 will subsequently reject blocks that do not emit a support signal, with lock-in expected no later than block 963,648 and activation targeted at approximately block 965,664. As of 8:15 AM Eastern Time on August 7, 2026, the chain tip height is 961,425, with 207 blocks remaining until the forced window begins. Only 47 out of 1,818 blocks have emitted a BIP-110 support signal, with the current signaling rate at approximately 2.59%.
Odaily News, According to official sources, USDC has been natively deployed to X Layer, and OKX Wallet now supports native USDC on X Layer. Users can send, receive, pay, and conduct on-chain transactions with USDC directly within OKX Wallet, and leverage CCTP for 1:1 lossless cross-chain transfers, further improving the efficiency of cross-chain capital flows. Additionally, native USDC on X Layer can be directly used in on-chain applications such as DeFi within the X Layer ecosystem, helping users achieve seamless asset movement across multi-chain ecosystems.
Odaily News - Karia Samaroo, founder and former CEO of Canadian crypto company WonderFi, recently stated that the company's acquisition by US trading platform Robinhood Markets for CAD 250 million was not due to a lack of growth potential, but rather because Canada's market environment has restricted local tech companies from continuing to scale.Samaroo said that WonderFi was founded in 2021. After several years of development, the company consolidated Canada's fragmented crypto market, built a nationwide brand, and survived the QuadrigaCX collapse, the FTX crash, and Canada's strict crypto regulatory environment. By 2023, WonderFi had become a leading crypto platform in the Canadian market.However, he believes that succeeding in Canada was not the company's ultimate goal. WonderFi had originally hoped to grow into a global enterprise, and Robinhood saw WonderFi as a strategic gateway into the Canadian market, which led to the CAD 250 million acquisition. Samaroo pointed out that Canada has long faced structural issues that limit companies' ability to scale, including insufficient venture capital, weak public markets, regulatory fragmentation, and declining attractiveness of entrepreneurial returns.For the crypto industry, the challenges are even more pronounced. Samaroo noted that after the QuadrigaCX incident, Canadian regulators established one of the world's strictest crypto regulatory frameworks. While the original intent was to protect investors, it also increased operational costs for businesses. International trading platforms including Binance, OKX, Bybit, and Gemini all entered the Canadian market previously and then exited. He believes that Canada's crypto regulations are not only strict but also compounded by fragmented securities regulatory systems, leading to higher financing costs, increased operational complexity, and diminished interest from overseas investors.Samaroo said that WonderFi is not an isolated case—many Canadian tech companies have followed a similar trajectory: growing domestically until hitting market ceilings, then ultimately seeking overseas capital or strategic buyers. Shopify founder Tobi Lütke has also previously criticized Canada for repeatedly "nurturing important companies only to send them abroad." Restricting corporate sales can easily become a political statement, but the real key to solving the problem lies in building a business environment that supports companies in financing, expansion, and competing globally.Robinhood previously announced the acquisition of WonderFi for approximately CAD 250 million. This deal also reflects the accelerating consolidation in the North American crypto industry, as US platforms expand into other markets through M&A. (Fortune)
Sharplink CEO Joseph Chalom (former Head of Digital Assets Strategy at BlackRock) posted that the EIP-8363 "decreasing issuance burn" proposal currently being discussed in the Ethereum community will gradually reduce validator staking yields by about 2.75%, until yields reach zero when staking volume reaches about half of the total supply; validators will then rely solely on transaction tips, accounting for 15% of current yields, to maintain operations. Chalom strongly opposes this, listing four major reasons: 1. Harms DeFi: Staking yields are the benchmark interest rate for on-chain lending; cutting them will raise on-chain capital costs and compress the collateral value of liquid staking tokens (approximately $35 billion TVL); 2. Weakens institutional appeal: ETH's native productivity is a core advantage distinguishing it from BTC; EIP-8363 will erase this difference, affecting institutional capital inflows such as ETPs and DATs; 3. Destroys ecosystem capital circulation: Issuance rewards are not "leakage," but flow to node operators, client development teams, and ecosystem builders; burning them will cut off the return of capital; 4. Extremely poor timing: Top institutions such as Robinhood, BlackRock, and BNY have successively chosen Ethereum; on-chain stablecoin scale reaches $159 billion, RWA exceeds $15 billion; modifying the underlying economic logic at this moment carries extremely high risk. Chalom expressed support for ETH's long-term deflationary goal, but believes the existing base fee burn mechanism (EIP-1