Chain Affairs

New York, United States, July 28th, 2026, Chainwire BitSafe has released infrastructure for builders launching decentralized financial applications on Canton Network. Backed by a Canton Foundation Development Fund grant of over $1 million (8,500,000 $CC), BitSafe today opened the public beta of Decentralization Manager, an open-sourced framework allowing apps and institutions to build resilient products that distribute control across multiple independent operators.

Panama City, Panama, July 27th, 2026, Chainwire EMCD, a global crypto-fintech platform and one of the world’s largest Bitcoin mining pools, announced the launch of its Miner Support Program, providing eligible miners with access to up to $30 millions* in financing, fee relief and partner benefits. The program launches against a challenging backdrop.

Bloomberg reports that Tether sought to influence negotiations surrounding the GENIUS Act. The investigation focuses on stablecoin compliance rules, foreign issuers, and policy discussions. Tether has not publicly responded to Bloomberg’s findings at the time of publication. The passage of the GENIUS Act marked a major milestone for cryptocurrency regulation in the United States, creating the country’s first federal framework for payment stablecoins.

PI has fallen over 10% as profit-taking and bearish momentum return. Nearly 776 million PI tokens are scheduled to unlock through December 2026, increasing supply pressure. A break below key support could send Pi Network back toward its all-time low of $0.07036. Pi Network’s native token, PI, has come under renewed selling pressure, falling more than 10% in the past 24 hours despite posting strong gains earlier this week.

BitMEX has been hit with a class action lawsuit seeking more than $40 million in Bitcoin-related damages. The lawsuit was filed on the same day the exchange announced it will permanently cease operations. BitMEX denies all allegations and says it will vigorously defend itself in court. BitMEX is ending its 11-year run under renewed legal pressure.

The EU added HTX to a sanctions package targeting Russia-linked financial networks. HTX joins 18 crypto service providers identified by European authorities. The move comes as Europe increases crypto oversight under the MiCA regulatory framework. The European Union has added HTX, the cryptocurrency exchange associated with crypto entrepreneur Justin Sun, to its latest sanctions package targeting Russia.

Singapore, Singapore, July 24th, 2026, Chainwire Backed by Galaxy Ventures and Vitalik Buterin, the ultra-high-performance perp DEX has officially launched its public rewards program. RISEx, the fully on-chain perpetuals exchange built on the high-throughput RISE Chain, has officially launched Ignite: Season 1, its core loyalty and ecosystem points program.

Iran rejected a US-backed ceasefire proposal, keeping diplomatic tensions elevated. Oil prices climbed sharply as investors feared disruptions to global energy supplies. Bitcoin and XRP declined modestly but remained more stable than broader financial markets. Escalating tensions between the United States and Iran are once again shaking global markets.

Charles Hoskinson expects crypto prices to remain under pressure before a stronger recovery begins. Regulation and tokenized real-world assets could become the biggest drivers of the next bull market. Public companies are replacing buy-and-hold Bitcoin strategies with more flexible treasury management. The cryptocurrency market may still have several challenging months ahead, but long-term optimism remains intact, according to Cardano founder Charles Hoskinson.

India’s Parliament recommends crypto Self-Regulatory Organisations as an interim regulatory solution. The committee wants clear legal definitions for different categories of Virtual Digital Assets. The proposal could improve regulatory certainty while comprehensive crypto legislation is developed.