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Tether announced a strategic partnership with Saudi Arabian digital solutions firm First Digital to advance the tokenization of institutional-grade real estate assets in Saudi Arabia. Through the collaboration, Tether plans to use its Hadron as the core technology platform to accelerate the tokenization of institutional-grade real estate assets in the country. Hadron is an asset tokenization platform designed to streamline the conversion of various assets into digital tokens and provides an intuitive system supporting tokenized asset issuance and management.

Moscow Exchange plans to establish its own digital depository for cryptocurrency trading and asset management, RBC reported. The platform is currently in the early stages of development and is targeting an official launch between late 2026 and early 2027. Similar to conventional stock trading, it is expected to allow users to buy, sell and hold cryptocurrencies through securities firm and broker apps, which would significantly improve accessibility for retail investors and the safety of asset custody.

A hacker stole about 500,000 USDC from a wallet on the Base network but lost much of the funds while trying to cash out after being hit by a sandwich attack from an MEV bot, according to PeckShield. During the swap, the hacker did not set sufficient slippage protection, allowing the bot to intervene, and ultimately walked away with only 67 WETH worth $129,000.

Glassnode said skew in the Bitcoin options market, or the gap in implied volatility between call and put options, is signaling a bearish outlook. The on-chain analytics firm said the market’s weak tone appears to reflect a sharp decline in upside expectations rather than growing fear of a drop. It added downside implied volatility remains low, but upside implied volatility is even more extreme, having fallen to a record low of 23%, leaving almost no investors in the market betting on a Bitcoin rally.

USD1, the dollar-pegged stablecoin launched by World Liberty Financial, has surpassed $50 billion in cumulative trading volume on Binance about a year after its debut, according to on-chain analyst Darkfost. Darkfost said the figures should be interpreted with caution, as a $2 billion institutional settlement transaction tied to Binance’s investment accounted for a significant share of new issuance and may have distorted the current numbers. Even so, Darkfost said USD1’s weekly trading volume on Binance is holding at $750 million to more than $2 billion, indicating steady growth in actual usage. Given Binance’s share of stablecoin trading, Darkfost said the trend points to meaningful growth. USD1 was launched in March last year by World Liberty Financial, which was co-founded by U.S. President Donald Trump’s family.

Bitcoin’s 30-day implied volatility has fallen to 36%, a long-standing low, but lower volatility does not necessarily mean lower risk, CoinDesk reported. Lower volatility reduces trading costs, encouraging investors to build large directional bets and hedge positions, which also leaves market makers exposed to significant risk. Once the market starts moving, both sides tend to manage more positions, adding to price swings. Paul Howard, a Wincent official, said weakening put option demand and a lack of strong buying for upside risk suggest Bitcoin is nearing the lowest price range of this bear market and could bottom within weeks.

Japan’s Financial Services Agency and National Police Agency have asked the Japan Virtual and Crypto assets Exchange Association, or JVCEA, to strengthen anti-fraud measures at crypto exchanges, CoinPost reported. The financial authorities newly presented 11 response measures, including a system requiring pre-registration of withdrawal addresses and tighter transaction monitoring, as losses from investment scams and romance scams via social media have risen rapidly.

Financial Times reported that U.S. Federal Reserve Chair Kevin Warsh is willing to support a benchmark rate hike in September if upcoming inflation data comes in higher than expected.

Bernstein maintained an outperform rating on crypto mining company TeraWulf and kept its price target at $36, The Block reported. The firm viewed TeraWulf’s second-quarter results positively, with revenue from its high-performance computing business reaching $32 million and accounting for 71% of total revenue.

Step App will shut down all services on Aug. 21 after four years of operation, according to Wu Blockchain.

Altcoin perpetual futures open interest fell about 15% over the past month, while BTC rose about 8%, CoinDesk reported. CoinDesk said altcoins are struggling to attract investor interest without a strong Bitcoin rally. The outlet said BTC has become more firmly integrated into capital markets through ETFs, institutional hedging, basis trades and use as collateral, while most altcoins have yet to build that kind of foundation. It added that many projects have not presented a clear structure showing how token value accrues to investors, leaving them more vulnerable in a bearish market like the current one. CoinDesk also said the weakness was driven by tech stocks, while market participants are watching for funds that had left crypto during the AI investment boom to flow back in.

U.S. spot XRP ETFs posted their first net outflow in about a month, with $3.58 million leaving the products on Aug. 5, The Crypto Basic reported. It was the first net outflow since July 8, led by the Bitwise XRP ETF. Despite the outflow, investor demand remains firm, the outlet said, adding that cumulative net inflows for spot XRP ETFs stand at $1.51 billion and total assets under management are $993.38 million.

BTC could fall to $44,016 by late October, BTC.top founder Jiang Zhuoer, the founder of the China-rooted mining pool, said, arguing that the current downturn based on Bitcoin’s four-year cycle has not yet matched past bear markets in either duration or depth. Jiang said the previous three bear markets all posted similar time frames and drawdowns, while this year has not yet reached that range. Based on past cycles, he said the maximum declines were 86.9%, 84.1% and 77.6%, and projected a 65.1% drop in the current cycle, which would put BTC at $44,016 by late October.

A wallet address linked to the hacker behind the breach of payment infrastructure firm TripleA deposited 2,620 ETH worth $4.97 million into Tornado Cash, according to PeckShield. Tornado Cash is an Ethereum-based mixing protocol designed to obscure cryptocurrency deposit and withdrawal records, making it difficult to trace transaction histories between senders and recipients. About $10 million worth of cryptocurrency was stolen from TripleA on July 25.

An anonymous whale withdrew 10,500 ETH worth $20.06 million from OKX over the past hour, according to Lookonchain. Exchange withdrawals are typically interpreted as a sign of intent to hold the assets.

CoinShares said tokenized real-world assets are becoming established as actively used assets in onchain finance, according to Cointelegraph. In a report, CoinShares said RWA deposits on DeFi platforms reached $7.4 billion in the second quarter of this year, more than tripling from a year earlier, while total DeFi deposits fell around 15%. CoinShares said this suggests demand for RWAs is being driven by practical use cases rather than broader market sentiment. The firm added that if a specific asset class grows even as the broader ecosystem remains sluggish, the demand stems from financial utility rather than market cycles, and that the RWA market is entering a new phase as investors use the assets as collateral, yield-generating instruments, and products for onchain trading.

South Korean exchange Upbit announced the temporary suspension of BABY deposits and withdrawals at 6:00 a.m. UTC on Aug. 7 in line with the Babylon network upgrade.

Bithumb announced it will temporarily suspend BABY deposits and withdrawals at 5:00 a.m. UTC on Aug. 7 to support the Babylon network upgrade.

Hana Financial Group has selected blockchain infrastructure firm Lambda256 as the technology partner for an overseas remittance and payments project with Dunamu, and the business has been under way in earnest since June, The Herald Business reported. Lambda256, Dunamu’s blockchain technology subsidiary, is serving as the technology provider for Hana Bank’s overseas trade remittance operations on blockchain. The company is developing smart contracts to process and record remittance transactions on GIWA Chain, Dunamu’s enterprise blockchain, and is working to integrate them with Hana Bank’s existing foreign exchange and account systems.

Coinbase will gradually roll out trading in 4,000 U.S. stocks for qualified investors in the UK, The Block reported. UK users will be able to trade U.S. stocks 24 hours a day, five days a week through the Coinbase app, with instant investment available in British pounds or USDC.

Sixteen Bitcoin developers used AI-driven security reviews to identify 4,962 security vulnerabilities across 390 projects, including 85 critical flaws and 635 high-risk issues, CoinDesk reported. Calle, a developer of Bitcoin-based open-source privacy payment protocol Cashu, stressed that as AI has significantly accelerated the speed of vulnerability detection, a new challenge is getting those findings to maintainers quickly.

Dubai Duty Free announced the addition of Crypto.com Pay, enabling payments in 30 cryptocurrencies, including SHIB. UAE residents can now buy goods with cryptocurrency at duty-free stores in Dubai International Airport and Dubai World Central, as well as through the online store. Payments are processed through the Crypto.com Pay wallet, with the cryptocurrency instantly converted into UAE dirhams at the time of purchase.

EU financial regulators warned investors to watch for a rise in cryptocurrency scams exploiting the bloc’s MiCA licensing regime, the Financial Times reported. According to the FT, fraudsters have been targeting users of crypto firms that ended services or withdrew under MiCA by posing as financial authorities or duly licensed companies. The scammers have been circulating fake notices and phishing sites claiming users must transfer assets to an approved account or complete urgent KYC verification. The EU halted the operations of crypto firms that failed to obtain licenses after the MiCA transition grace period ended on July 1. Regulators stressed that scams are spreading around user asset transfer procedures during that process and said investors should verify whether any guidance is official.

Block, the payments company founded by Jack Dorsey, increased its Bitcoin holdings to 9,117 BTC after buying an additional 85 BTC, according to BitcoinTreasuries.net.

Andreessen Horowitz founder Marc Andreessen said on the "a16z Crypto Show" that views in the U.S. Congress are shifting as the crypto industry has survived an intense U.S. government regulatory crackdown. Andreessen said some lawmakers see crypto as a meaningful industry after efforts to eliminate it failed. He also stressed the need for a clear, permanent U.S. regulatory framework for crypto, adding that a regulatory vacuum could mainly benefit offshore operators such as FTX and lead to user harm. To help U.S. companies operate responsibly, Andreessen said an institutional foundation such as the CLARITY bill is needed.