EU sanctions target Russian crypto exchanges, stablecoins and CBDC
The European Commission made its move in response to Russia's increasing reliance on crypto transactions to circumvent sanctions amid the country's war on Ukraine.

The European Commission made its move in response to Russia's increasing reliance on crypto transactions to circumvent sanctions amid the country's war on Ukraine.

A Coldcard hardware wallet firmware flaw has resulted in at least 1,596 BTC stolen from 7,300 addresses, sparking network congestion, exchange inflows, and phishing scams as users race to secure their funds.

Solana validators are close to advancing governance proposal SGP-0003, which combines resource-based transaction fees and an accelerated disinflation rate to limit SOL's circulating supply and increase token burns.

A solo Bitcoin miner, operating through CKPool, solved block 960,804 at 02:11 UTC on Monday, receiving a reward of 3.16 BTC (approximately $200,000) from the block subsidy and transaction fees. This marks the 317th solo block found via CKPool.

Fake World Assets (FWAs), a new onchain gacha phenomenon, briefly became Ethereum's largest gas consumer, generating over $1.5M in daily fees. While its creators tout it as the "next big thing," skeptics question its longevity beyond token incentives, comparing it to a gamified lottery.

Solana increased its maximum computation per block by 66.7% to 100 million compute units on July 29. This allows more room for unrelated transactions but keeps the 12 million CU cap for single "hot accounts," and doesn't guarantee higher throughput or lower priority fees for congested markets.

10x Research suggests Bitcoin could confirm a bear-market bottom in August with a monthly close above $63,000, contingent on Federal Reserve policy and other market risks like miner selling and geopolitical events. Other analyses from Grayscale and K33 also point to an approaching bottom.