Crypto & Web3

Apple sued for keeping fake Bitcoin wallet app after $875K theft was reported

A lawsuit has been filed against Apple alleging the tech giant failed to remove a fraudulent Bitcoin wallet app from its App Store. The suit claims that Apple was alerted to the fake app after one user reported losing approximately $875,000 to it. Despite this warning, Apple allegedly allowed the app to remain available for download. A second user subsequently fell victim to the same app, losing around $840,000. The lawsuit suggests Apple's inaction directly enabled the second theft to occur.

Bitcoin’s recent stability hasn't been enough to spark a broader altcoin rally

Your day-ahead look for July 28, 2026

Bitcoin falls 2% amid South Korea market crash and US crypto bill stall

Bitcoin declined approximately 2% as multiple negative catalysts weighed on the market. South Korea's Kospi index plunged 11%, triggering broader risk-off sentiment across global assets. In the United States, the Senate shelved the Clarity Act, a key piece of crypto regulation legislation, adding further uncertainty to the digital asset space. Investors now await a pivotal Federal Reserve interest rate decision expected on Wednesday, which could further influence market direction.

1inch Launches Aqua Liquidity Protocol Across 13 Blockchain Networks

Decentralized exchange aggregator 1inch has launched its new Aqua liquidity protocol, expanding it across 13 blockchain networks. The protocol introduces a novel approach for liquidity providers, allowing them to retain assets in their own wallets rather than depositing into external pools. A single balance can be used to back multiple trading positions simultaneously, eliminating the need to split capital across different pools. This design aims to improve capital efficiency and give liquidity providers greater control over their funds.

SK Hynix perpetual futures crash 20% in minutes on Hyperliquid before recovery

Perpetual futures linked to SK Hynix's American depositary receipts suffered a sudden flash crash on the Hyperliquid platform. The contracts plummeted approximately 20% within a single minute, briefly hitting $900. Prices then rebounded sharply, climbing back above the $1,000 mark shortly after. The South Korean chipmaker's derivatives were at the center of the rapid and volatile price swing.

Crypto Trading Volumes Hit Two-Year Low, BitMEX and BitMart Under Pressure

Centralized cryptocurrency exchanges are facing mounting pressure as trading activity slumps to its lowest point in more than two years. Total trading volumes across major platforms have dropped to $1.05 trillion, signaling a significant cooling in market participation. BitMEX and BitMart have emerged as potentially the most vulnerable platforms amid this prolonged downturn. The decline reflects a broader slowdown in digital asset market activity that is straining exchange revenues and operations.

CME Challenges CFTC's Approval of Onchain Perpetual Futures in Regulatory Clash

The U.S. Commodity Futures Trading Commission recently granted its first-ever listing approval for crypto perpetual futures, opening the door for onchain crypto derivatives trading. However, Chicago Mercantile Exchange, a major player in the derivatives market, is pushing back against the decision. CME argues that the CFTC's approval represents a departure from established regulatory law. The dispute highlights growing tensions between traditional financial institutions and regulators over the evolving crypto derivatives landscape.

HKMA Releases Whitepaper and First Quantum Preparedness Index for Banks

The Hong Kong Monetary Authority (HKMA) has published a whitepaper assessing the quantum readiness of Hong Kong's banking sector. As part of the release, the HKMA introduced its first-ever Quantum Preparedness Index, a benchmark measuring how prepared local lenders are for quantum computing threats. The index revealed that preparedness levels among Hong Kong banks are notably low. The move reflects growing regulatory concern over the cybersecurity risks that advances in quantum computing could pose to the financial industry.

Bitcoin Holds Steady While Nasdaq Futures and Asian Equities Face Pressure

Markets are experiencing a risk-off trading session, with investors pulling back from higher-risk assets. Bitcoin has managed to recover from lows recorded during the Asian trading session. In contrast, Nasdaq futures continue to face downward pressure. Asian equity markets are also struggling amid the cautious market sentiment. Bitcoin is currently demonstrating relative resilience compared to traditional equity indices.

Bitcoin slides 2% after U.S. close while Korea’s Kospi plunges 10%

U.S. Senate Delays Crypto Clarity Act as Other Legislation Takes Priority

The U.S. Senate has postponed consideration of the Crypto Clarity Act, with the majority leader directing legislative focus toward unrelated bills. The delay means the crypto industry must continue waiting for its key policy proposal to receive a floor vote. Senate bandwidth is currently limited, leaving little room for the cryptocurrency legislation to advance in the near term. The crypto sector has been anticipating the bill as a significant step toward establishing clearer regulatory guidelines in the United States.

Federal Judge Pauses Minnesota's Ban on Prediction Markets

A federal judge has temporarily blocked Minnesota's law that sought to criminalize prediction markets. The ruling came in cases involving platforms Kalshi and Polymarket, both of which challenged the state ban. The judge determined that the Minnesota law would likely conflict with the federal Commodity Exchange Act. The decision grants the platforms a pause against enforcement of the state's restrictions while the legal dispute continues.

Bitcoin holds $65K amid AI stock slump as Fed decision looms

Bitcoin remained steady near $65,000 even as Nvidia and other AI-related stocks experienced a sharp decline. The resilience came despite broader market turbulence driven by a selloff in the artificial intelligence sector. Analysts say the upcoming Federal Reserve interest rate decision could be a pivotal moment for the cryptocurrency. Depending on the Fed's stance, bitcoin could either push to new highs or fall back to the lows seen in June.

Regulated Crypto Perpetual Futures Arrive in US as Banks Await Market Maturity

Regulated perpetual futures contracts, a dominant trading instrument in crypto markets, are now making their formal entry into the United States financial landscape. Agile trading firms and crypto exchanges are moving quickly to meet strong retail demand for the product. However, major traditional Wall Street banks are adopting a cautious stance, waiting for clearer regulations and deeper market liquidity before participating. The hesitation from big banks reflects broader concerns about infrastructure readiness in the nascent regulated market. The development marks a significant step in bridging mainstream finance with crypto-native trading instruments.

Uphold Lays Off 17% of Staff, Pivots to Enterprise Business Amid Crypto Downturn

Crypto trading platform Uphold has announced a reduction of 17% of its global workforce. The company attributed the decision to a strategic shift in its business direction. Uphold stated it is moving focus toward its enterprise segment, which has been experiencing rapid growth. The layoffs come as the broader cryptocurrency market continues to face a prolonged downturn, commonly referred to as a crypto winter.

Perpetual Contracts: The Crypto Trading Instrument That Took Over Markets

Perpetual futures contracts, commonly known as 'perps,' are among the most actively traded financial instruments globally today. First introduced by cryptocurrency exchange BitMEX in 2015, they have grown rapidly in popularity within the crypto trading ecosystem. Unlike traditional futures, perps have no expiry date, allowing traders to hold positions indefinitely. Their unique structure and flexibility have made them a dominant tool for speculation and hedging in crypto markets.

Fanatics Acquires Regulated Exchange to Expand Prediction Markets Operations

Sports merchandise and commerce giant Fanatics has acquired a regulated exchange as part of its strategy to grow its prediction markets business. The deal grants Fanatics direct control over its own prediction market infrastructure, rather than relying on third-party platforms. This move comes as event-based trading continues to gain popularity across sectors including sports, finance, and cryptocurrency. The acquisition positions Fanatics to compete more aggressively in the rapidly expanding prediction markets space.

Cantor Fitzgerald advising crypto bank AMINA on potential public listing

Swiss crypto bank AMINA is exploring options to go public and has engaged Cantor Fitzgerald for advisory support. The discussions are currently ongoing, with no final decision reached on the path forward. Multiple routes to the public markets are reportedly being considered by the bank. AMINA, which holds a Swiss banking licence and focuses on digital assets, has not confirmed a timeline or preferred listing method.

Lido consolidates $16.5B in staked ETH to reduce validator count by 33%

Liquid staking protocol Lido has begun migrating approximately 8 million ETH, valued at $16.5 billion, as part of a major restructuring effort. The move aims to reduce the platform's total validator count by roughly one third. As part of the same overhaul, Lido is introducing a new requirement for its professional node operators to post financial bonds for the first time. The consolidation is designed to improve the protocol's efficiency and accountability. No timeline for completion of the migration has been specified.

Thailand SEC accuses Bitkub of hiding $50M cyberattack from 2021

Thailand's Securities and Exchange Commission has filed allegations against Bitkub, the country's leading cryptocurrency exchange, for allegedly concealing a cyberattack. The incident occurred in May 2021 and resulted in hackers stealing approximately 1.7 billion baht, equivalent to around $50 million. The breach affected 16 different digital assets held on the platform. Regulators claim the exchange failed to disclose the attack in a timely or transparent manner, raising serious concerns about compliance and investor protection.