A $5 million theft from the Hedera network on July 11 showcased sophisticated laundering tactics, with the attacker bridging funds to Ethereum via LayerZero and converting assets within hours. Hedera’s hashgraph architecture and poor block explorer made the theft harder to trace in real time, highlighting how non-EVM chains’ tooling gaps can compound security incidents.
Robinhood is opening its crypto trading infrastructure to AI agents, letting users deploy autonomous software that analyzes markets and executes trades within user-set limits. The move intensifies competition with Coinbase as both platforms race to become the default infrastructure for autonomous financial software.
Landmark crypto legislation quietly became law Friday when Congress passed a housing bill with overwhelming bipartisan support—358-32 in the House, 85-5 in the Senate. The bill bans the Federal Reserve from issuing a retail digital currency through 2030 while allowing private permissionless alternatives that preserve privacy protections.
SK Hynix raised $26.5 billion in its Nasdaq debut Friday, giving U.S. investors direct access to the world leader in high-bandwidth memory—the critical chip powering AI infrastructure. The South Korean chipmaker’s listing capitalizes on surging demand, with customers already telling management that its planned capacity increases won’t meet future needs.
Kraken is rebuilding its mobile app around autonomous AI agents that can observe markets, generate trade recommendations, and execute orders without user approval at each step. Unlike competitors treating AI as an add-on feature, Kraken is restructuring its entire application around agents—a fundamental architectural shift that carries new liability questions for users and exchanges alike.
Russia’s financial-intelligence agency is gaining sweeping authority to monitor cryptocurrency transactions above 60,000 rubles, requiring exchanges and banks to report detailed personal data on both parties. The move brings a functioning parallel payments infrastructure—with daily volumes exceeding $600 million—under state surveillance for the first time.
A user lost $999,999 in USDT after approving a malicious ERC-20 token contract, demonstrating how attackers exploit Ethereum’s legitimate approval mechanism. The attacker’s automated script recalculated available balance after the first attempt failed, draining the wallet completely in 36 seconds using bundled transactions to minimize reaction time.
Blockchain analyst Specter alleges CodexField, a BNB Greenfield-based code platform, is executing a rug pull with $85 million in user funds across multiple wallets. The investigation tracks suspicious fund movements, including $17.3 million in USDT swapped to DAI, with $10.8 million unaccounted for.
The Senate votes on the Clarity Act as early as July 14, but the CFTC—which would oversee a $2.2 trillion digital commodity market—has only one commissioner, a staff reduced by over 20%, and no confirmed path to full capacity before the vote.
New Hampshire’s Executive Council voted 3-2 to reject a $100 million municipal bond program that would have used Bitcoin as collateral, killing what would have been the nation’s first deal of its kind. The vote came after months of development by Governor Kelly Ayotte and state finance officials, with concerns focused more on political optics than the deal’s financial structure.