šŸ”Market Summery

Our detailed market analysis is being prepared and will be published here soon — stay tuned for insights and trends.

Zcash activates Ironwood upgrade, launching new shielded pool after Orchard vulnerability

Zcash activates Ironwood upgrade, launching new shielded pool after Orchard vulnerability

Zcash’s Ironwood upgrade went live on Tuesday, introducing a new shielded pool for the privacy blockchain following concerns about the soundness of its earlier Orchard pool.Ironwood, which is also the name of the new pool, activated on schedule at block height 3,428,143 as part of the NU6.3 network …

Russia’s central bank drafts first rules for ā€˜organized’ crypto trading

Russia’s central bank drafts first rules for ā€˜organized’ crypto trading

The Bank of Russia has published draft regulations outlining the country's first framework for what it called "organized trading" of digital assets and digital rights, including new requirements for crypto exchanges and digital depositories.Under the proposals, exchanges would determine their tradin…

SparkKitty malware hidden in mobile apps scans photos for crypto wallet seed phrases

SparkKitty malware hidden in mobile apps scans photos for crypto wallet seed phrases

SparkKitty, a cross-platform malware family targeting cryptocurrency users, has been distributed through Apple's App Store, Google Play and third-party Android app stores, according to Check Point, which detailed the malware in a report published Sunday.The malware searches images stored on infected…

Triple-A hot wallet losses climb to $11.8 million as new deposits keep being swept: report

Triple-A hot wallet losses climb to $11.8 million as new deposits keep being swept: report

Losses from an apparent compromise of crypto payments firm Triple-A's hot wallets have grown to roughly $11.8 million, onchain investigator Specter said in a post on X early Sunday.Specter first flagged the drain at 5:18 p.m. ET on Friday, putting losses at more than $9.3 million and saying the atta…

Former bitcoin miner Poolin files Chapter 11, sets $52 million floor bid for Texas operations

Former bitcoin miner Poolin files Chapter 11, sets $52 million floor bid for Texas operations

Poolin Technology Pte. Ltd., the Singapore-based parent company of what was once one of the world's largest bitcoin mining pools, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey after its Texas bitcoin mining and hosting operations ceased activi…

Arbitrum protocol AFX Trade hit by $24 million bridge exploit: Blockaid

Arbitrum protocol AFX Trade hit by $24 million bridge exploit: Blockaid

AFX Trade, a protocol on Arbitrum, has suffered an exploit with roughly $24.15 million in USDC drained, according to blockchain security firm Blockaid.Blockaid flagged the security incident on Wednesday, noting that the exploit was "specific to a bridge that AFX operates." The security firm added th…

US seeks forfeiture of $25 million in crypto tied to global fraud investigations

US seeks forfeiture of $25 million in crypto tied to global fraud investigations

The U.S. Department of Justice has moved to forfeit more than $25 million in cryptocurrency recovered through five separate investigations into international fraud networks that allegedly targeted residents in the U.S. and Canada.The U.S. Attorney's Office for the District of Columbia said in a stat…

BIS warns USD stablecoins can evade capital controls, challenging traditional market regulations

BIS warns USD stablecoins can evade capital controls, challenging traditional market regulations

The Bank for International Settlements said that dollar-backed stablecoins could bypass capital controls, raising concerns regarding foreign exchange restrictions in emerging markets.In a study published Tuesday, the BIS analyzed stablecoin flows across more than 130 economies and found that stablec…

UK parliamentary group launches probe into crypto sector’s banking challenges

UK parliamentary group launches probe into crypto sector’s banking challenges

The UK Parliament's cross-party group for digital assets has launched an inquiry into banking access for the country's crypto sector.The Crypto and Digital Assets All-Party Parliamentary Group (APPG) — chaired by Lord Vaizey of Didcot and Labour MP Gurinder Singh Josan CBE — announced the probe on T…

Kalshi, Polymarket open interest falls 20% as World Cup frenzy winds down

Kalshi, Polymarket open interest falls 20% as World Cup frenzy winds down

A few days before Sunday's World Cup Final, combined Kalshi and Polymarket open interest (OI) is down 20% from its peak of ~$2 billion at the beginning of July.On a smoothed weekly basis, total OI ran from $1.2 billion in late May to nearly $1.8 billion in the week ending July 5, then fell to around…