Articles by SathishKumar Kaliraj
Saylor’s Strategy Joins $15M Bitcoin Security Consortium to Strengthen BTC Security Original
Major financial institutions and Bitcoin-focused companies have formed the Bitcoin Security Consortium (BSC) to help strengthen the network’s long-term security through research funding, developer support, and public education. The initiative was announced by Michael Saylor on July 23, 2026, highlighting a collaborative effort to support Bitcoin’s open-source ecosystem without changing its decentralized governance. Bitcoin’s security is a shared responsibility.
Smarter Web Company Repays TOBAM, Sells 177.89 Bitcoin Original
The Smarter Web Company has repaid its Smarter Convert financing instrument nearly two weeks before maturity, selling 177.8909127 Bitcoin (BTC) to settle the obligation with investment manager TOBAM Group. The repayment marks the end of a financing structure introduced in August 2025 and simplifies the company’s capital structure while leaving its long-term Bitcoin treasury strategy intact.
Mirae Asset Completes Korbit Acquisition, Marking South Korea’s Biggest TradFi Move Into Crypto Original
Mirae Asset Consulting has completed the acquisition of a controlling stake in South Korean cryptocurrency exchange Korbit, marking a major milestone in the country’s digital asset industry. The transaction makes Mirae Asset the first major South Korean financial group to control a domestic cryptocurrency exchange, highlighting the growing convergence between traditional finance and blockchain-based financial services.
Japan Bitcoin ETF Launch by 2028 Could Attract ¥3 Trillion in Investment Original
Japan could launch its first spot Bitcoin exchange-traded fund (ETF) by fiscal 2028, with analysts estimating the product could attract up to ¥3 trillion (approximately $20 billion) in new investment. The expected launch comes as Japanese regulators advance reforms designed to integrate digital assets into the country’s financial system while strengthening investor protections.
SecondFi Shuts Down Following $2.6 Million ADA Security Breach Original
Cardano wallet platform SecondFi has announced that it will wind down operations after a security breach led to the theft of approximately 16.1 million ADA, worth around $2.6 million. The decision comes weeks after the incident, with the company shifting its full attention to helping affected users recover their assets instead of continuing wallet development. SecondFi said it will discontinue both the SecondFi and Yoroi Wallet platforms.
Movement Labs Files for Chapter 11 Bankruptcy as MOVE Token Collapses 99%
Movement Labs, the original developer of the Movement blockchain, has filed for Chapter 11 bankruptcy in the United States. Movement chain activity remains subdued, with daily app revenue staying below $800 since November and just $1 in on-chain fees over the past 24 hours. The project previously raised $141.4 million, while the MOVE token’s fully diluted valuation (FDV) has fallen to around $107 million, more than 99% below its all-time high.
Bitcoin Price Reclaims $66,000 as ETF Inflows Top $600 Million
Bitcoin reclaimed the $66,000 level, gaining 3% in 24 hours and 5–6% over the past week as market sentiment improved. U.S. spot Bitcoin ETFs recorded five consecutive sessions of net inflows, attracting more than $600 million and signaling renewed institutional demand. Cooling U.S. inflation data eased concerns over prolonged high interest rates, supporting renewed appetite for risk assets, including cryptocurrencies.
MSTR Reclaims $100 as Bitcoin Climbs Above $66K
Strategy Inc. (NASDAQ: MSTR) reclaimed the $100 level in pre-market trading on Tuesday, rising to $101.50 after closing at $97.82 in the previous session. The rebound followed Bitcoin’s recovery above $66,000, which lifted sentiment across crypto-linked equities and renewed investor interest in the world’s largest corporate Bitcoin holder. MSTR – Yahoo The move reflects improving confidence in both Bitcoin and Strategy’s financial position.
Wanchain Cardano Bridge Loses 515M NIGHT Tokens in Exploit Original
Approximately 515 million NIGHT tokens, valued at around $9–10 million, were stolen from Wanchain’s Cardano–BNB Chain bridge treasury. Signed-message encoding flaw in Wanchain’s TreasuryCheck validator as the likely cause. Midnight Foundation confirmed the exploit was limited to Wanchain’s third-party bridge infrastructure and did not affect the Midnight blockchain. NIGHT fell more than 30% after the attacker reportedly sold a large portion of the stolen tokens on decentralized exchanges.
Trump Agrees to Ethics Provision for Crypto Legislation Original
President Donald Trump has agreed to support an ethics provision tied to the Senate’s CLARITY Act, marking a significant breakthrough in negotiations over one of the most closely watched cryptocurrency bills in the United States. The move could remove one of the final major obstacles to advancing comprehensive digital asset legislation before Congress begins its August recess.
Strategy Makes No Bitcoin Moves This Week, Grows USD Reserve by $225 Million Original
Strategy reported no new Bitcoin purchases or share repurchases during the week ended July 19, 2026, while increasing its U.S. dollar reserve by $225 million. The latest treasury update shows the company maintained its existing Bitcoin holdings and strengthened its cash position. According to the company’s weekly filing, Strategy did not repurchase any shares under its share repurchase programs between July 6–12 and July 13–19, 2026.
Andrew Cuomo Joins OKX Board as Crypto Exchange Expands U.S. Strategy Original
Andrew M. Cuomo has joined OKX’s Board of Directors. Cuomo has advised OKX on U.S. regulatory and institutional strategy since 2023. The appointment follows OKX’s 2026 expansion, including a strategic investment from Intercontinental Exchange that valued OKX at approximately $25 billion. Cuomo will also serve as co-chair of the OKX-ICE joint venture focused on connecting traditional and digital asset markets. Cuomo Joins OKX Board After Advising Exchange Since 2023 Former New York Governor Andrew M.
South Korea Considers New Rules to Seize Self-Custodied Crypto Original
South Korea is considering changes to its criminal-procedure framework that could establish clearer rules for seizing cryptocurrencies held in self-custodied wallets. The proposal was outlined in a research paper co-authored by Jang Hee-won, an investigation team leader at South Korea’s National Tax Service, and three other researchers.
Ethereum Maintains TVL Dominance as Bitcoin and Solana Show Strong Weekly On-Chain Activity Original
Blockchain activity across major networks showed mixed trends during the week of July 13-19, 2026. Changes in total value locked (TVL), decentralized exchange (DEX) volumes, perpetual trading, stablecoin liquidity and transaction activity reflected shifting market conditions. Ethereum maintained its position as the largest network by TVL, while Solana continued to record exceptionally high transaction volumes and DEX activity.
Hyperliquid HIP-4 to Enable Permissionless Outcome Markets With 500K HYPE Stake Original
HIP-4 outcome markets will support permissionless deployment in a future network upgrade, beginning on testnet before expanding to mainnet. Deployers must stake 500,000 HYPE, with the stake subject to slashing for incorrectly defined or settled markets. Validators will approve on-chain outcome templates, while deployers will be responsible for creating and settling markets based on those templates.
Cathie Wood Buys SpaceX Dip as Stock Falls Below IPO Price Original
Cathie Wood’s ARK Invest has increased its exposure to SpaceX after the aerospace company’s shares fell below their initial public offering (IPO) price, signaling continued confidence in the long-term growth prospects of Elon Musk’s space technology company despite recent market weakness.
Consensys Hired Suspected North Korean Hacker for MetaMask Wallet: Tyler Knapp Case Revealed
In a significant security lapse that has sent ripples through the cryptocurrency industry, blockchain giant Consensys, the company behind the widely used MetaMask wallet, inadvertently hired a developer with suspected ties to North Korea. The revelation, first reported by Drop Site News on July 17, 2026, underscores the persistent and evolving risks posed by state-sponsored actors targeting the crypto sector.
FTX to Distribute $900M to Creditors in Fifth Repayment Round on July 31
FTX will begin distributing approximately $900 million to eligible creditors on July 31, 2026, as part of its Chapter 11 bankruptcy recovery plan. The fifth payout will bring total creditor repayments close to $10 billion, with some claim classes recovering up to 120% of approved claims. Eligible creditors who completed KYC, tax verification, and onboarding by the June 16 record date will receive payments via BitGo, Kraken, or Payoneer.
France Blocks Polymarket as Global Crackdown on Prediction Markets Expands Original
France has become the latest country to crack down on crypto-based prediction market platform Polymarket, ordering internet service providers (ISPs) to block access to the website over alleged violations of the country’s gambling laws. The order was issued by France’s National Gambling Authority (ANJ) on July 16, 2026, with the regulator stating that Polymarket offers gambling services without the licenses required under French law.
ESMA Adds 14 Crypto Firms to MiCA Register, Total Licensed CASPs Reach 294 Original
The European Securities and Markets Authority (ESMA) has added 14 new Crypto-Asset Service Providers (CASPs) to its interim Markets in Crypto-Assets (MiCA) register, raising the total number of licensed firms across the European Economic Area (EEA) to 294.
Bitcoin $DOG Mode Aims to Remove Bitcoin Core Relay Policy Limits Original
A new proposal called Bitcoin $DOG Mode has entered the ongoing debate over how the Bitcoin network should handle Ordinals, Runes, and other non-financial data. Introduced by Leonidas, co-founder of the Runestone project and a leading advocate of the Bitcoin Ordinals ecosystem, DOG Mode is an alternative open-source Bitcoin client designed to remove several relay policy restrictions found in Bitcoin Core without changing Bitcoin’s consensus rules. What Is Bitcoin $DOG Mode?
Venezuela’s USDT Trading Volume Reaches $1.39 Billion, Approaching Oil Export Scale Original
Venezuela’s peer-to-peer (P2P) market for Tether (USDT) recorded approximately 1.39 billion USDT in trading volume over a one-month period, highlighting the increasing role of stablecoins in the country’s economy amid persistent inflation and currency instability. Around 1.389 billion USDT was traded on Binance P2P between June 11 and July 13, 2026.
Trump Media Unveils Truth API for Wall Street as Trump’s Truth Social Posts Move Markets Original
Trump Media & Technology Group (TMTG) has unveiled Truth API, a paid enterprise data service that will provide financial institutions with low-latency access to posts published on Truth Social, including those from U.S. President Donald Trump. The service, scheduled to launch on August 1, is aimed at banks, hedge funds, quantitative trading firms, market data providers and AI companies that consume structured, machine-readable information.
Bitcoin Wallet Transfers 5,908 BTC Worth $383M After 8 Years
5,908 BTC worth approximately $382.67 million moved after more than eight years of inactivity. The dormant Bitcoin wallet had remained inactive since December 2017 before transferring its entire balance. The funds were sent to a new native SegWit (bc1q) wallet rather than a known cryptocurrency exchange. The wallet’s holdings grew from an estimated $99.6 million to approximately $382.67 million, reflecting an unrealized gain of around $283 million.
Arthur Hayes Accumulates 1,293 ETH Through Two On-Chain Transfers Original
Arthur Hayes purchased 1,293 ETH worth approximately $2.48 million on July 15, 2026. The accumulation occurred through two separate transactions of roughly 646 ETH each executed several hours apart. The purchases follow Hayes’ late-June sale of 6,000 ETH, marking a notable reversal in his recent Ethereum trading activity.
U.S. Senate Passes Resolution Opposing Pardon for FTX Founder Sam Bankman-Fried Original
The U.S. Senate has unanimously Adopted a bipartisan resolution declaring that former FTX CEO Sam Bankman-Fried should not receive a presidential pardon, commutation, or any other form of federal clemency, marking one of the strongest congressional rebukes against the convicted crypto executive since the collapse of FTX. Agreed to by unanimous consent: S. Res.
BNB Chain Burns $932 Million Worth of BNB in 36th Quarterly Auto-Burn Original
1,615,827.795 BNB worth approximately $931.7 million was permanently burned in the 36th quarterly Auto-Burn. Total BNB supply has declined to 133,166,127.91 BNB, moving closer to the network’s target supply of 100 million BNB. The quarterly burn was executed directly on BNB Smart Chain (BSC) following BNB Chain Fusion, with tokens sent to the irreversible burn address. BNB Chain has completed its 36th quarterly BNB Auto-Burn, permanently removing 1,615,827.795 BNB from circulation.
Japan Passes Landmark Law Recognizing Crypto as Financial Products Original
Japan has approved one of its most significant cryptocurrency reforms to date after the House of Councillors passed amendments to the Financial Instruments and Exchange Act (FIEA) on July 15. The vote completes the bill’s passage through both chambers of the National Diet, officially recognizing cryptocurrencies as financial products rather than primarily payment instruments. The legislation marks a major shift in Japan’s regulatory approach to digital assets.
South Korea Moves Toward Recognizing Crypto as a National Asset Original
South Korea has taken a significant step toward becoming one of the world’s leading cryptocurrency hubs by officially recognizing its digital asset ecosystem as a national development priority. The move signals a major shift in the country’s approach to crypto, positioning digital assets as a strategic sector for economic growth rather than simply a speculative investment.
US Treasury Freezes $130 Million in Crypto Linked to Iran’s Central Bank Original
The U.S. Treasury Department has frozen more than $130 million in cryptocurrency allegedly linked to the Central Bank of Iran (CBI), marking one of the latest actions in Washington’s efforts to disrupt Iran’s financial networks. The sanctions were announced by the Office of Foreign Assets Control (OFAC) as part of a broader crackdown targeting entities accused of helping Iran evade international sanctions.
Morgan Stanley Updates Ethereum and Solana ETF Filings Ahead of Launch Original
Morgan Stanley filed amended S-1 registration statements for its proposed spot Ethereum and Solana ETFs with the U.S. SEC. Both ETFs will charge a 0.14% sponsor fee and are proposed to trade under the ticker symbols MSSE and MSOL on NYSE Arca. Updated filings include staking, custody, and service provider agreements, indicating continued progress toward potential regulatory effectiveness.
US Government Transfers $288M in Bitcoin and Ether to Coinbase Prime From Multiple Seized Wallets
The U.S. government has transferred approximately $288 million worth of Bitcoin (BTC) and Ether (ETH) to Coinbase Prime, according to blockchain data tracked by Arkham Intelligence. The activity involved assets linked to multiple criminal forfeiture cases rather than a single government wallet, making it one of the largest multi-source crypto transfers by U.S. authorities in recent months.
Vitalik Buterin Urges Elon Musk to Transform X Into a Platform for AI Governance
Ethereum co-founder Vitalik Buterin has proposed a new vision for Elon Musk’s social media platform X, suggesting it could evolve into a global hub for AI governance where users collectively shape policies surrounding advanced artificial intelligence. Speaking about the future of AI oversight, Buterin argued that governance should not be left solely to governments, large technology companies, or centralized institutions.
Ethereum Uses Just 7.87 GWh of Electricity Annually After The Merge, Cambridge Study Finds Original
Ethereum’s transition to Proof-of-Stake (PoS) has reduced the blockchain’s annual electricity consumption to just 7.87 gigawatt-hours (GWh), according to a new report published by the Cambridge Centre for Alternative Finance (CCAF). The independent study found that Ethereum now consumes more than 99.98% less electricity than it did before The Merge, marking one of the most significant energy reductions in the blockchain industry.
AI Agents Now Have a New Internet Court to Settle Disputes
As AI agents begin booking travel, shopping online, managing subscriptions, and completing payments without human input, another question is starting to emerge: what happens when those transactions go wrong? A coalition of 27 blockchain and artificial intelligence organizations, including OKX, MetaMask, Matter Labs, and GenLayer, has introduced Internet Court, a decentralized protocol designed to help AI agents resolve disputes after digital transactions or agreements fail.
Circle Wins Federal Approval to Launch Regulated Digital Asset Trust Bank Original
Circle has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank, N.A., a federally regulated national trust bank that will operate as Circle National Trust. The approval marks a major regulatory milestone for the USDC issuer as it expands its digital asset infrastructure under federal supervision.
Ethereum Foundation Dissolves Protocol Support Team Amid Restructuring
The Ethereum Foundation’s Protocol Support team has been disbanded, marking the end of the group responsible for coordinating key aspects of Ethereum’s protocol development. The announcement was made by the team on July 9, confirming its dissolution as part of the Ethereum Foundation’s broader organizational restructuring. The latest restructuring comes as the Ethereum Foundation has seen a series of high-profile leadership departures in recent months.
Metaplanet Explores Digital Credit Using Bitcoin, JPYC, and Security Tokens Original
Japanese Bitcoin treasury company Metaplanet has launched a feasibility study to explore a blockchain-powered digital credit ecosystem using Bitcoin (BTC), JPYC, and Security Tokens (STs). The initiative marks another step in the company’s strategy to expand beyond Bitcoin treasury holdings and into regulated digital financial infrastructure.
Zcash Targets July 28 Launch for Ironwood Network Upgrade
Zcash is preparing to activate its Ironwood (NU6.3) network upgrade on July 28, marking one of the most significant protocol updates in the privacy-focused cryptocurrency’s history. The upgrade is designed to eliminate a critical vulnerability discovered earlier this year while reinforcing confidence in Zcash’s shielded transaction system.
Coinbase CLO Paul Grewal to Step Down Ahead of CLARITY Act Vote Original
Coinbase Chief Legal Officer Paul Grewal will step down from his role on July 31, 2026, marking the end of a six-year tenure during which he led the company’s legal strategy through one of the most significant regulatory battles in the U.S. crypto industry. His departure comes just as Congress prepares to revisit the CLARITY Act, a proposed bill aimed at establishing a comprehensive regulatory framework for digital assets. After 6 years I’m leaving @Coinbase.
BitGo Launches Quantum Risk Management Tools for Bitcoin Wallets to Prepare for Future Quantum Threats Original
BitGo has introduced new Quantum Risk Management capabilities for Bitcoin wallets, aiming to help institutional investors prepare for the long-term security challenges posed by advances in quantum computing. The new tools are designed to identify wallets that may face future quantum-related risks and provide guidance to reduce potential exposure before quantum computers become capable of threatening current cryptographic standards.
SWIFT Launches Blockchain Ledger as 17 Banks Pilot Tokenized Cross-Border Payments
Global financial messaging network SWIFT has launched a blockchain-based shared ledger for institutional use, marking a significant step toward integrating tokenized assets into the global banking system. The production-ready platform will be tested by 17 financial institutions across six continents, with the pilot focusing on tokenized cross-border payments using bank deposits.
Sony Secures Conditional U.S. Approval for Stablecoin Trust Bank Original
Sony Bank has taken a significant step toward entering the U.S. stablecoin market after receiving conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank. The proposed entity, Connectia Trust, National Association, will be headquartered in New York and is expected to oversee the issuance and management of a U.S. dollar-denominated stablecoin, subject to final regulatory clearance.
Zapper to Shut Down After Nearly Seven Years in DeFi Original
DeFi portfolio tracking platform Zapper will shut down its operations on August 3, 2026, ending nearly seven years of service in the decentralized finance ecosystem. The closure will affect the company’s website, mobile applications, and API services. “After close to 7 years building Zapper, I regret to announce that Zapper will be winding down.
Arbitrum to Receive 10% of Robinhood Chain Fees Under New Revenue-Sharing Model
Arbitrum developer Offchain Labs has introduced a new revenue-sharing framework that will direct 10% of protocol fees generated by Robinhood Chain and other eligible Arbitrum Orbit Layer 2 networks back to the Arbitrum ecosystem, marking a new approach to funding blockchain infrastructure. Recently, Secret Network proposed migrating SCRT to Arbitrum to enhance scalability and ecosystem growth.
Google Expands Chrome Web Store Rules for Prediction Markets Original
Google has updated its Chrome Web Store Developer Program Policies to prohibit real-money prediction market trading, expanding its rules for regulated goods and services. The policy changes were announced on July 1, 2026, and will take effect on August 1, 2026. The update is part of a broader effort to strengthen user privacy, improve transparency, and enhance security across the Chrome extension ecosystem.
BNB Chain Unveils New Layer 1 for AI-Powered Trading, Targets 2027 Mainnet Original
BNB Chain has announced plans to develop a new Layer 1 blockchain purpose-built for agentic trading, marking a major step toward infrastructure designed for AI-powered decentralized finance. Unveiled as part of the BNB Chain H2 2026 Tech Roadmap, the new network aims to deliver centralized exchange-like performance while preserving the transparency and self-custody of on-chain trading.
SpaceX Bitcoin Wallet Makes First BTC Transfer in Six Months With $88 Test Transaction Original
SpaceX executed its first Bitcoin transaction in six months with an $88 test transfer. The transfer moved BTC from SpaceX address 15atF to another SpaceX-controlled address (bc1q9) on July 7, 2026, at 23:19:24 UTC. SpaceX currently holds 18,712 BTC, according to its disclosed corporate Bitcoin treasury. The wallet activity follows a series of major SpaceX developments, including its historic IPO, tokenized share refund process, and AI expansion efforts.
RBI Reiterates Crypto Ban Stance as India’s Tax Department Flags Evasion Risks Original
India’s cryptocurrency policy remains under scrutiny after internal government documents revealed that the Reserve Bank of India (RBI) continues to favor stricter restrictions on private cryptocurrencies, while the Income Tax Department has raised concerns over tax evasion linked to digital asset trading. The documents, reviewed by Reuters, show that key government agencies remain cautious about the rapid growth of cryptocurrencies despite increasing global adoption.
Michael Saylor Says 3.3% Annual Bitcoin Growth Could Sustain Strategy’s STRC Dividends Indefinitely
Strategy Executive Chairman Michael Saylor has defended the company’s evolving capital management strategy, stating that Bitcoin only needs to appreciate by more than 3.3% annually for Strategy to sustainably fund dividends on its STRC preferred shares indefinitely. Saylor’s remarks come after Strategy recently sold a portion of its Bitcoin holdings to help meet dividend obligations, marking a notable shift from the company’s long-standing “never sell Bitcoin” philosophy.
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