Crypto Unfolded

Tether is winding down aUSD₮, the dollar-pegged asset issued through its Alloy platform and backed by Tether Gold collateral, after a review of user activity and market demand. The planned Alloy wind-down removes the ability to open new positions or mint new aUSD₮. Existing users can still return aUSD₮ and remove their XAU₮ collateral for three months, with access through the platform ending on September 17, 2026.

Immutifi, Inc. today announced the consumer launch of MarketDebates.com, an AI-powered market debate platform designed to help everyday users and trading teams think through market ideas before making decisions. MarketDebates.com lets users submit a market question and watch multiple AI agents debate the topic from different perspectives.

European Central Bank President Christine Lagarde reportedly opposed Binance's entry into the European Union during discussions with the Greek government, adding a political dimension to the exchange's increasingly uncertain MiCA licence bid. Lagarde is said to have told Greek Prime Minister Kyriakos Mitsotakis that Binance was not welcome in Europe during a meeting in May.

A blockchain address attributed to BitMEX co-founder and Maelstrom CIO Arthur Hayes received 1,500 ETH from Cumberland, adding approximately $2.63 million in Ethereum exposure during another weak session for the broader crypto market. Onchain Lens identified the address as belonging to Hayes, although he has not publicly confirmed the transaction. The ETH arrived from Cumberland's institutional trading operation at an implied value near $1,750 per coin.

Strategy's STRC preferred stock closed Tuesday at $91.79, leaving the security 8.2% below its $100 stated value and putting fresh pressure on a product designed to trade close to par. The 3.6% daily decline pushed STRC near the bottom of its trading range since launch. Shares weakened further during Wednesday trading, extending the discount even after the lower price lifted the effective annual yield to roughly 12.5%.

OKX founder and CEO Star Xu has argued that tighter regulation of Binance would strengthen the crypto industry by removing regulatory arbitrage as a major source of competitive advantage. In an article titled "The End of Regulatory Arbitrage: Why It Matters for Crypto," Xu said he does not view a more regulated Binance as a threat to OKX.

Uniswap's latest rally is gaining support from a sharp rise in onchain activity, with UNI active addresses reaching a four-month high and large transactions climbing to their strongest level in seven months. The increase followed Standard Chartered's decision to initiate coverage of UNI with a $100 price target for the end of 2030.

Ondo Finance has added 173 tokenized stocks and exchange-traded funds to Ondo Global Markets, lifting its catalog beyond 430 assets across Ethereum, Solana and BNB Chain. The largest asset expansion to date broadens the platform's coverage across artificial intelligence, robotics, quantum computing, defense technology and other sectors attracting heavy public-market demand.

LittleBoyPlus has been exploited on BNB Chain, with security monitors estimating losses at about $377,000, or roughly 610 BNB. The attack was flagged by F12sec, which identified the attacker address as 0x5449ded887576f43fc339851e942ebc1e6f8118b. Onchain activity shows the attacker used flash-loan liquidity during the transaction sequence before cashing out through BNB Chain trading pools. The incident adds another loss to a week already dominated by contract-level exploits.

Oman has launched a national Bitcoin mining pool that licensed mining companies in the Sultanate will be required to use under the country's approved regulatory framework. The new platform, Omanhash, was launched by the Ministry of Transport, Communications and Information Technology with Frontier Technologies LLC as the local operating partner. Enegix Global is providing the pool's technology platform and liquidity infrastructure.