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$1.6 Million Drained in a Blink: User Recounts His Dramatic Coldcard Wallet Hack
- A Canadian entrepreneur lost more than $1.6 million in Bitcoin in under seven minutes.
- Galaxy Research links three attack waves to 4,585 source addresses and 1,367.05 BTC drained.
- The flaw traces back to 2021 and affects seed phrases generated by certain Coldcard devices.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
$676 Million Reached Binance From an Iran-Linked Exchange Dubai Had Already Fined
- Reuters says $676 million moved from Iran-linked exchange Shelbit to Binance since 2024.
- About $540 million flowed after Dubai regulators cracked down on Shelbit in 2025.
- Binance's 2023 guilty plea required a three-year independent compliance monitor.
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Analyst Claims XRP Could Ease Japan’s Yen Crisis: Is It Realistic?
- An analyst argues XRP could ease Japan's yen trap by improving cross-border payment efficiency.
- The yen recently approached multi-decade lows near 157 against the United States dollar.
- XRP would act as a transactional bridge asset, not a reserve currency or legal tender.
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South Korea’s 22% Crypto Tax Crashes Trading Volume
- South Korea confirmed a 22% crypto tax starting in 2027, with first returns due in May 2028.
- Annual gains above 2.5 million won, roughly $1,740, will fall under the new tax rules.
- Trading volume across the five main Korean exchanges dropped 54.6% during the H1.
BNB Chain Sues Ex-Employee Over A Tutorial Wallet That Became a Meme Coin
- A BNB Chain training video wallet was used to launch a meme token.
- BNB Chain says a former employee kept the wallet's seed phrase.
- The company is suing and says it never backed the token.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
Pump.fun Layoffs Spark Fury After Workers Miss Million-Dollar Token Payouts
- Ex-Pump.fun staff say they were fired weeks before their PUMP tokens vested.
- The July 12 cliff released 82.5 billion PUMP to the team and investors.
- The team's slice alone is worth about 5 months of platform revenue.
