Top Stories

Tether said KPMG U.S. completed a full independent audit of Tether International's 2025 financial statements. Tether said audited reserves exceeded liabilities by $6.8 billion. Tether said the audit was not made public. (reported 4 hours ago)

A Washington court issued a final order requiring Kalshi to stop offering covered event contracts in Washington. Kalshi must use IP address and residency geofencing by August 19. Kalshi must implement a multi-source geofencing system by September 2. (reported 5 hours ago)

Galaxy Research estimated that attacks related to the Coldcard vulnerability stole more than 1,778 BTC worth about $112 million. Galaxy Research said about 1,531 BTC remains in addresses controlled by the hacker. (reported 50 min ago)

Market Trends

U.S. retail sales fell 0.6% month over month in July against a market forecast for 0.1% growth. (reported 2 hours ago)

US inflation cooled to 3.4% in July 2026. Inflation remained above the Federal Reserve's 2% target. (reported 8 hours ago)

Harmony Protocol said an attacker minted approximately 3.01 trillion ONE through six forged cross-shard transactions. Harmony is preparing to roll back the network to block 92,730,034. (reported 13 hours ago)

Regulation & Policy

Binance will stop processing transfers to and from HTX and 10 other crypto platforms on August 23 under an EU sanctions package. Binance said it may hold transfers sent after August 23 for a compliance review.

Ireland published its first national Anti-Money Laundering strategy for crypto asset transfers involving private wallets. Crypto asset service providers must conduct enhanced checks on transfers involving private wallets.

The SEC canceled its Friday open meeting on a proposed tailored offering regime for crypto assets. The SEC spokesperson said the meeting would move to a later date because of an unforeseen scheduling issue.

Institutional Updates

Norway’s Government Pension Fund Global disclosed about 6.15 million BitMine Immersion Technologies shares valued at about $81.87 million as of June 30. The shares provide indirect ETH exposure through BitMine rather than direct ETH purchases.

Ether.fi launched tokenized stock and metals trading with portfolio-backed borrowing through Aave on Optimism. Tokenized stock and metals trading is unavailable in the US and certain other markets because of regulatory restrictions.

What to Watch

When Kalshi implements required geofencing by September 2, users can reassess which contracts remain available in Washington. Then reduce exposure to contracts that could face access restrictions in Washington.

If Tether publishes the audited financial statements, users can review reserve composition and liabilities. Then use the disclosures to reassess USDT reserve transparency.