BlockchainReporter

The $8 million drain of Coinsbuy across TRON and Ethereum marks the latest case where a single on-chain footprint ties two blockchain networks into one attack narrative. According to the original report, forensic analysis has connected the exploitation of the exchange to one actor, with the stolen funds primarily routed through the non-custodial platform FixedFloat.
The attack, which unfolded early on 10 August 2026, siphoned assets from wallets operating on both TRON and Ethereum. On-chain data shows the attacker rapidly dispersed tokens into a chain of intermediary addresses before funnelling them toward FixedFloat swap contracts. The ability to link the two disparate chains in real time suggests a level of orchestration that is becoming more common as cross-chain infrastructure grows.
Linking Two Chains to One Actor
Forensic firms traced the movement of funds and discovered that identical behavior patterns and overlapping address clusters appeared on both networks almost simultaneously. The entity behind the drain did not rely on a single-chain exploit but rather executed a synchronized assault, moving assets between TRON’s USDT liquidity and Ethereum-based tokens before converging on a single exit route. Such coordination implies deep familiarity with how these blockchains handle contract interactions and bridging mechanisms.
Both TRON and Ethereum continue to rank among the top blockchains by developer activity, as highlighted in a recent analysis of on-chain development metrics. High activity often means more surface area for exploits, especially when exchanges integrate multiple networks without isolating risk. In Coinsbuy’s case, the exposure was amplified because the attacker could hit two distinct user pools at once without triggering immediate cross-chain alarms.
FixedFloat Becomes a Recurring Laundering Conduit
FixedFloat operates as an instant, non-custodial exchange that does not require KYC for small-value swaps. That design has repeatedly drawn funds from hacks because assets can be automatically swapped without human approval delays. The service has appeared in the aftermath of several other exchange breaches over the last two years, making it a persistent challenge for investigators.
Unlike centralized exchanges that can freeze assets upon request, FixedFloat’s structure offers limited recourse once transactions settle. In the Coinsbuy incident, the majority of the drained $8 million had already been processed through the platform before the exploit became publicly known, leaving little opportunity to intercept the funds. The speed at which the attacker moved the assets—within hours—suggests pre-programmed scripts and a clear exit plan.
Unanswered Questions Around the Attack Vector
The precise method used to compromise Coinsbuy remains unknown. No official disclosure has confirmed whether the breach involved a private key leak, a smart contract vulnerability, a rogue insider, or a manipulation of the exchange’s internal hot wallet management. Forensic firms have only been able to map the outflow, not the intrusion point.
This gap matters because exchanges often fix a specific technical hole after a hack, leaving other weak spots untouched. Without knowing how the attacker gained initial access, users and platform operators are left guessing whether similar vectors exist on other networks or services. The TRON and Ethereum ecosystems share some cross-chain protocols, and the possibility of a bridge-related exploit has not been ruled out.
Broader Exchange Security Under Scrutiny
Centralized exchanges continue to experience multi-million dollar losses despite years of maturing security practices. The Coinsbuy event adds to a series of 2026 incidents where attackers exploited the friction between different blockchain architectures. Regulators in several jurisdictions have begun to demand stricter proof-of-reserves and real-time monitoring of exchange wallets, but enforcement remains inconsistent.
For Coinsbuy users, the immediate impact may include suspended withdrawals while the exchange assesses the damage and works with law enforcement. Whether any portion of the funds can be recovered depends heavily on whether the attacker’s identity can be tied to a centralized off-ramp, a task made harder when FixedFloat serves as the initial mixer. The absence of a clear recovery path leaves affected customers exposed, and the exchange’s reputation will hinge on how transparently it handles the aftermath.
The use of two blockchains in a single, attributable attack also signals a maturation of hostile operational tradecraft. Attackers are moving beyond opportunistic single-chain drains to planned multi-network campaigns that exploit the blind spots between ecosystems. For security teams, this raises the cost of monitoring and defense, because a comprehensive view now requires correlating data across multiple ledgers in near real time.

Two leading Web3 event powerhouses combine curation and execution firepower to build the industry’s most builder-first gathering during Asia Crypto Week, 5-6 October 2026, Gardens by the Bay, Singapore
SINGAPORE, CoinFerenceX, the Web3 conference series known for curating high-signal gatherings of founders, investors, and builders, today announced it has combined forces with The Best Event, the events production group behind 80+ live experiences across 10+ global cities, to launch CoinFerenceX The Best Event Singapore, the next tier of the world’s first Decentralised Summit. The event will take place 5-6 October 2026 at Gardens by the Bay, positioning it as a leading alternative during Singapore’s Token2049 and Asia Crypto Week.
The partnership pairs CoinFerenceX’s content curation and community depth with The Best Event’s large-scale production and sponsor-activation track record, creating what the two companies describe as “the event nobody else can build.”
What sets the conference apart is its decentralized summit model: a 2 day event shaped by the industry rather than dictated by an organizer. Where traditional conferences sell booths and speaking slots, CoinFerenceX and The Best Event will invite the founders, funds and ecosystem leaders who show up to help shape the agenda itself, deciding which conversations matter and which builders take the stage. While the organizers handle the production and logistics, the direction of the summit is set by the Web3 players with real skin in the game. It’s a gathering built by the people driving the ecosystem forward, for the people driving it forward.
The Best Event brings a track record of 80+ delivered events, a presence in more than 10 global cities, over 50 million annual organic impressions, and north of 1 billion in social reach. The group’s attendance has grown from 35,000 in 2025 to a projected 70,000 in 2026. Its sponsor case studies point to concrete ROI, including one partner that turned a $50,000 investment into $1 million raised, another that saw a $50,000 spend convert into $1 million in ROI, and a third that converted two leads into a $400,000 deal.
At CoinFerenceX, partners help shape the agenda itself rather than simply buying booth space and a speaking slot. CoinFerenceX’s community includes 7,500+ curated attendees from more than 70 countries, over 500 ecosystem and media partners, and more than 300 VCs and investment funds. Roughly 60% of its attendees are C-level executives or founders, and independent feedback shows 94% of past partners say they would return, with 89% rating CoinFerenceX among the top 25% of Web3 events globally.
The combined summit is designed around four experience tracks:
The Leaders Summit: an invite-only, C-level gathering where governance decisions and strategic partnerships take shape.
Protocol Deep Dives: technical workshops where protocols demonstrate what they are actually shipping.
The Founders’ Den: a venue for early-stage builders to pitch directly to 200+ VCs and investors.
The Innovation Showcase: live product demos from established players and emerging protocols alike.
Early figures for the Singapore edition point to more than 4,000 curated attendees, 500+ VCs and investors, 400+ ecosystem and media partners, 85+ C-level speakers, and more than 8,000 total event registrations. As with prior CoinFerenceX editions, roughly 60% of attendees are expected to be C-level executives or founders.
Organizers say the agenda will be co-created by founders and ecosystem leaders with skin in the game, focused on sessions that deliver actionable insight or substantive content over celebrity keynotes.
“We’re incredibly excited for this edition, it’s bigger, sharper and more ambitious than anything we’ve done before. With the whole industry in Singapore that week, we’ve curated a stage and an audience that turns that energy into real conversations and real deals. This is CoinFerenceX The Best Event at its strongest,” shared Prince Gupta, Co-Founder of CoinFerenceX
Tobias Bauer, Co-Founder of The Best Event, added, “This partnership is the best of both worlds: CoinFerenceX’s curated speaker line-ups meet The Best Event’s scale of 50,000 attendees a year, the largest Web3 event series globally. Together we’re bringing one of the biggest two-day conferences to Singapore, our home market, with frontier thought leadership and production quality unlike anything else in the space.”
Event Details
Event: CoinFerenceX The Best Event Singapore
Dates: 5-6 October 2026
Venue: Gardens by the Bay, Singapore
Tickets & partner applications: coinferencex.com/singapore
About CoinFerenceX
CoinFerenceX is a global decentralized Web3 summit connecting founders, investors, blockchain companies, developers, and industry leaders to accelerate innovation and collaboration in the digital economy. Through its ecosystem-driven approach, CoinFerenceX creates a platform for meaningful networking, knowledge exchange, startup opportunities, and strategic partnerships shaping the future of Web3. The summit brings together the brightest minds across blockchain, AI, DeFi, gaming, and emerging technologies to explore industry trends, showcase groundbreaking solutions, and build the next generation of decentralized ecosystems.
About The Best Event
TBE is the events arm of TBV, an early-stage venture capital fund backing web2.5 and web3 startups across Southeast Asia and North America. TBE curates high-caliber gatherings that anchor the biggest weeks in web3, with a track record of 80+ delivered events across 10+ global cities. Every event is built around one goal: putting the right founders, funds, and operators in the same room so real deals and partnerships can happen. That network runs deep, backed by a 10,000+ strong Telegram community and a social following north of 100,000.
Media Contact
Anmol Malviya
Head of PR
CoinFerenceX
media@coinferencex.com
This article is not intended as financial advice. Educational purposes only.

Road Town, British Virgin Islands, August 10th, 2026, Chainwire
Deposits Are Open for hBTC, the Vault Token for Hilbert Group’s BTC Basis+ Strategy
Syntetika, a tokenization hub for regulated investment strategies, opened deposits today for its first strategy: BTC Basis+, managed by the publicly traded Hilbert Group.
Syntetika makes investment strategies that run inside regulated funds accessible directly from a wallet. Each fund operates with independent custody, and each cycle its net asset value is attested by an independent third party. That attested NAV is the price at which vault tokens are issued and redeemed.
BTC Basis+ is a Bitcoin basis strategy: it holds Bitcoin exposure and captures the funding spread between spot and futures markets, with returns denominated in Bitcoin terms. Participants deposit cbBTC through the Syntetika platform in a permissionless way. Deposits are queued and subscribed into the fund at the next processing cycle, with hBTC minted at an attested NAV. Redemptions follow the same cycle.
Syntetika launches with partners Tulipa Capital on strategy curation, Ember Protocol on vault infrastructure, and Yield Network as Liquidity Syndication Partner. The platform launches on Base. Reserves behind its tokens will also become checkable by anyone through Chainlink Proof of Reserve.
“Today Syntetika opens its doors with BTC Basis+,” said Jorge Cuartero, CEO of Syntetika. “What we are really launching is the platform underneath it: infrastructure built to carry a growing set of regulated strategies onchain. This is day one of that roadmap.”
BTC Basis+ is open for deposits now at syntetika.io
About Syntetika
Syntetika is a tokenization hub for regulated investment strategies. Each strategy runs inside a regulated fund with independent custody and third-party NAV attestation, and is accessed onchain through a vault token issued and redeemed at that attested NAV.
Contact
Head of MarketingNiko PetrovSyntetika Proto Limitedniko@syntetikalbs.io
This article is not intended as financial advice. Educational purposes only.

The largest publicly traded bitcoin miner just made a statement about how it values liquidity over legacy hodling. MARA Holdings offloaded a staggering 23,093 BTC during the first six months of 2026, netting $1.63 billion at an average sale price of roughly $70,631 per coin. The reveal, buried in a mid-year financial disclosure, shows a deliberate pivot toward balance sheet agility at a time when mining economics demand more than just stacking sats.
According to the original report from WuBlockchain, the company labeled the proceeds as fuel for operations, growth opportunities, and general liquidity needs. That language is now common among public miners, but the scale of the sale puts it in a different league. At the end of June, MARA still held 35,577 BTC on its books, a position worth about $2.08 billion. In other words, it sold nearly 40% of its stash—yet remains a top-tier bitcoin holder.
A Strategic Sell-Off
The timing wasn’t accidental. Bitcoin spent much of early 2026 consolidating above $65,000 before a late-spring climb that pushed prices back toward the $75,000 range. Selling into that strength allowed MARA to lock in substantial gains while avoiding the liquidity trap of waiting for a higher peak. No miner can predict the market top, but the decision to reduce exposure by nearly two-fifths suggests management saw more value in capitalizing now than in betting on another leg up.
The company hasn’t abandoned its bitcoin treasury thesis altogether. The 35,577 BTC retained is still a massive war chest, but it’s increasingly being put to work as collateral. On August 4, MARA secured $600 million in fresh loans from Coinbase and Two Prime, backed by 18,750 BTC. That’s more than half of its remaining holdings pledged against new debt, a move that turns a static asset into a dynamic funding line.
Leveraging Bitcoin for Growth
Part of the borrowed capital is earmarked for the Long Ridge acquisition, a deal that expands MARA’s mining footprint at a time when competition for cheap energy and new-generation ASICs is ratcheting up. Using bitcoin as loan collateral is not new for the industry, but the scale and the counterparties—one a major exchange, the other a digital asset prime broker—highlight how deeply miner financing has integrated with crypto-native lending. It also raises the stakes. If bitcoin’s price were to fall sharply, margin calls could force additional sales at the worst possible moment.
MARA’s pivot mirrors a broader shift across the mining sector. Firms that once preached infinite hodling are now embracing a more pragmatic approach, selling bitcoin regularly to cover power bills, debt service, and expansion. The halving cycle has matured, and with it, the realization that operational sustainability can’t rely solely on a rising price. Public companies in particular face Wall Street’s demand for predictable cash flow, not just a digital asset pile on the balance sheet.
Regulatory headwinds add another layer. With the most significant crypto legislation in years teetering in the Senate—banks were demanding last-minute changes that threatened to upend a hard-won compromise—miners are operating in a fog of policy uncertainty. The same bill that banks were trying to kill could reshape how mining companies are taxed, how they report energy use, and whether they can access traditional banking services. In that environment, diversifying funding sources and keeping liquidity close makes pragmatic sense.
Miner Treasury Model Under Scrutiny
What’s still unclear is whether MARA’s treasury strategy can withstand a prolonged downturn. Pledging 18,750 BTC against $600 million in loans implies a loan-to-value ratio that leaves room today, but a 50% drawdown from current levels would erase that buffer fast. Even with a remaining unencumbered stash of about 16,827 BTC, the company would face immense pressure to deleverage. Coinbase and Two Prime are likely watching the same numbers.
Investors will now look toward the second half of 2026 for clues on whether the selling continues. MARA’s production levels, electricity contracts, and the integration of Long Ridge will all factor into its need to tap more of its bitcoin reserves. Other large miners are watching too—some may follow suit, while others double down on the belief that holding is the only rational play. Either way, the old binary of hodl versus sell is gone. Modern miner finance is a far more complicated game.

A quiet launch this week from Asia signals a more aggressive push to treat crypto and traditional equities as two halves of the same portfolio. UMX, short for Unified Market Exchange, began its invitation-only public beta on Monday, as the original report noted, positioning itself as a “crypto-friendly securities platform” that will eventually list digital assets alongside real US stocks. The project is incubated by Avenir Group, a firm that already ranks among Asia’s largest institutional holders of Bitcoin ETFs and has been steadily expanding across both traditional finance and digital assets.
The Promise of Cross-Asset Capital Efficiency
UMX’s pitch is deceptively simple: a single venue where traders can move between crypto and equities without the friction of separate brokerage accounts, custody arrangements, and settlement rails. The platform says it will focus on improving cross-asset capital efficiency, which in practice could mean allowing institutional traders to post crypto as collateral for stock positions or to net exposures across asset classes in real time. That kind of unified margin treatment remains rare. Most major prime brokers still wall off digital assets from traditional securities, forcing funds to allocate separate pools of capital and accept higher opportunity costs.
The market logic behind UMX draws from a broader trend. Institutional players increasingly view Bitcoin and equities not as competing asset classes but as correlated instruments within global macro portfolios. Avenir Group’s own deep position in U.S.-listed Bitcoin ETFs gives it a ring-side view of how institutional flow can swing between crypto and equities during risk-on and risk-off shifts. The tokenization wave has already pushed real-world assets past $20 billion on-chain, a milestone covered by BlockchainReporter, and companies like Bullish buying transfer agent Equiniti for $4.2 billion suggest the infrastructure for blending securities and crypto is being assembled fast. UMX’s beta launch fits that buildout as a front-end play.
Who Benefits and Who Pushes Back
The immediate audience is not retail day traders but professional desks, family offices, and funds that already hold both equities and crypto but run them on separate systems. For those users, UMX could cut operational costs and unlock working capital that otherwise sits idle. Still, the quiet, invitation-only rollout suggests Avenir is moving cautiously. The regulatory landscape for a platform that mixes securities and digital assets is unsettled in almost every jurisdiction. In the United States, a landmark crypto bill is battling eleventh-hour bank opposition just days before a Senate vote, as another BlockchainReporter article details, and any definitive framework remains months away. That creates both opportunity and legal risk for a cross-asset venue.
Much depends on how UMX structures its offerings. If it treats crypto assets as commodities and registers as a broker-dealer for stocks under a global umbrella entity, it could draw scrutiny from the SEC, CFTC, and their counterparts across Asia and Europe. Avenir’s experience as an institutional allocator may help navigate these questions, but the product itself will be tested as much by regulators as by user demand. The beta phase, by its nature, limits visibility into how exactly trades are cleared and where custody sits, and those technical details will determine whether the platform can scale beyond a trusted circle of early participants.
What the Launch Says About Asian Institutional Appetite
Avenir is not building UMX in a vacuum. The group has been one of the more visible Asian allocators in Bitcoin ETFs, a product that took years to win U.S. approval and that many Asian regulators still eye warily. By incubating a platform that merges equities with crypto, Avenir is effectively betting that regulatory convergence will eventually catch up with institutional demand. It also moves the firm from pure asset management into market infrastructure, a path previously taken by firms such as Coinbase with its international exchange and Bullish with its exchange and custody ambitions.
The beta arrives at a moment when liquidity fragmentation across crypto venues remains a headache for large traders, and when equity markets are increasingly influenced by macro flows that also drive Bitcoin. A platform that can aggregate both exposures and offer capital efficiency could attract volume quickly if it survives the regulatory gauntlet. For now, though, UMX is a controlled experiment. The invitation-only gate keeps the ecosystem small, and the lack of public details about clearing, custody, and licensing means the market will watch for any signs of rollout friction—or early defections.

The credibility of Bitcoin’s editorial gatekeepers is under scrutiny after a senior BIP editor formally recommended removing Luke Dashjr from the group. Murch, a Bitcoin BIP editor, posted to the Bitcoin Development Mailing List that Dashjr had repeatedly exercised editorial authority inconsistently and bypassed mandatory procedures surrounding BIP110, a proposal that ultimately triggered a network fork. According to the original report, Murch cited attempts to assign the proposal a BIP number before any mailing list discussion and the merging of a related pull request just minutes after it was opened.
The recommendation marks a rare escalation. BIP editors are not enforcers, but they hold an informal gatekeeping role that shapes which improvements gain community traction. Their decisions can steer the direction of the protocol’s most contentious technical debates. When that gatekeeping function breaks down, the resulting forks can fracture the network’s cohesion in ways that take years to heal.
What Murch’s Allegations Claim
Murch specifically described a pattern of editorial inconsistency. He alleged that Dashjr pushed to have BIP110 assigned a number before the proposal had been properly aired on the mailing list, a step that effectively grants a proposal a veneer of legitimacy before peer review. Murch also highlighted the merging of a related pull request barely minutes after it was opened, a pace that precluded any meaningful discussion among other editors or the wider developer community.
These aren’t small procedural quibbles. BIP numbers act as identifiers that signal a proposal has passed a minimal editorial sanity check. When that check is skipped, a proposal can move forward with an undeserved authority, and if that proposal leads to a fork—as Murch says happened here—the damage extends beyond one person’s reputation. Communication and coordination between Dashjr and the other BIP editors had already deteriorated, Murch added, making functional editorial oversight nearly impossible.
The Governance Machinery Behind Bitcoin Upgrades
Bitcoin’s improvement proposal process relies on rough consensus. The mailing list, public pull requests, and informal negotiation among developers all serve as checks against unilateral action. Editors are supposed to be neutral facilitators, not architects of specific outcomes. When an editor uses the process to speed a personal or factional agenda, it corrupts the signal the community relies on to judge what is safe and what is not.
This isn’t the first time Bitcoin governance has fractured, but the accusation here is different. Past battles—like the blocksize wars—were fought in the open over economic and engineering choices. Here, a sitting editor allegedly manipulated the editorial machinery itself. It’s a strike at the trust layer, not the code layer. While other blockchains continue to ship protocol changes at a faster cadence, as developer activity data shows, Bitcoin’s conservative ethos depends on that trust. If insiders can circumvent the gating function, the entire BIP process loses credibility.
What Comes Next for Bitcoin’s Editorial Layer
Murch’s recommendation to remove Dashjr raises more questions than it answers. The role of a BIP editor is not formally codified in Bitcoin’s governance model, so there is no clear removal mechanism. Whether other editors back Murch’s stance or stay silent will shape how the community perceives the neutrality of the editorial body going forward.
A prolonged deadlock could slow future BIP numbering decisions and create confusion over which proposals are genuinely ready for community review. For the market, internal governance spats rarely move price directly, but they accumulate as ambient risk. If another contentious protocol upgrade lands on the table, a fractured editorial board would be less capable of managing the debate cleanly. The uncertainty now is whether this is an isolated personnel conflict or a sign that the informal governance layer that has served Bitcoin for years is wearing thin under the strain of its own growth.

Crypto trade groups in Washington had been counting down to the Senate’s procedural vote on the Clarity Act throughout the first week of August. When the leadership failed to schedule the vote, the reaction was a sharp mix of anger and disappointment. But as the original report from CoinDesk noted, a delay may not be the worst possible outcome. The pause could give lawmakers time to strengthen the bill against attacks from the banking sector and produce a more durable piece of legislation.
The Clarity Act is the most serious attempt in years to draw jurisdictional lines between the Securities and Exchange Commission and the Commodity Futures Trading Commission for digital asset markets. It has broad industry support but fierce opposition from legacy financial institutions and some Senate holdouts. Only four days before the expected vote, a Banks Are Trying to Kill the Biggest Crypto Bill in US History Four Days Before the Senate Vote report surfaced, highlighting how the banking lobby demanded last-minute changes that would have gutted key provisions. The episode revealed how fragile the compromise really was.
Industry groups immediately criticized the missed deadline as a sign of political dysfunction. However, the lack of a rushed vote also avoids the risk of ramming through compromised language that could create new ambiguities in court. A bill with clearly defined terms for digital commodities versus securities is only useful if it withstands legal challenges. Rushing the process would have weakened that core objective.
The Political Reality Behind the Delay
Congressional calendars are unpredictable. The Senate leadership has been juggling a packed schedule, including funding bills and midterm election positioning. The Clarity Act, while important, was never a top-tier priority for the majority leader. The delay does not signal a loss of support, only a loss of momentum. Staffers on both sides have indicated that negotiations are continuing behind closed doors.
Still, the crypto industry tends to interpret any slowdown as a threat. That is understandable given years of enforcement actions and regulatory ambiguity. But a procedural delay is not a policy reversal. It shifts the timeline, not the end goal. The bill’s sponsors are still actively working on a version that can survive floor debate. If anything, the additional time may help lawmakers fend off the last-minute pressure that nearly derailed the bill before the expected vote.
A Window for Stronger Market Structure Language
The extra time allows industry participants and their allies to push for clearer definitions around decentralized networks and software developers who do not hold customer assets. Early versions of the Clarity Act left some of these areas vague. A more deliberate markup process could close loopholes that the banking lobby tried to exploit. It can also address concerns about how the bill treats stablecoins and decentralized exchanges without triggering a wholesale rewrite.
Another advantage is the chance to align the Senate bill more closely with the House-passed version. That would reduce complications during a conference committee. If the Senate had pushed through a hastily revised text,

The numbers don’t line up the way they used to. Hyperliquid’s open interest has climbed to fresh highs, but the revenue that backs its HYPE token has dropped for four consecutive quarters. The culprit is a deliberate strategic choice: a fee-sharing program that shunts half the platform’s volume—and the fees that come with it—to outside builders. It is a tradeoff that worked for growth but is now thinning the direct income stream that market participants once took for granted.
According to the original report, the gap between surging activity and shrinking revenue traces back to a program that incentivizes third-party developers to route volume through the exchange. This approach has undoubtedly helped Hyperliquid lock in market share, especially in the increasingly crowded market for crypto perpetuals. But it has introduced a direct friction between volume metrics and the bottom line. The exchange’s own earnings—and by extension the value accrual mechanism for HYPE—are getting diluted at the very moment the platform looks busiest.
The rise of real-world asset perpetuals on Hyperliquid adds another layer. Traders have flocked to the synthetic exposure RWA perps offer, pushing open interest to records. But much of that volume now migrates through external integrations that claim their share of fees before any revenue touches the protocol’s treasury. The fee-sharing split is designed to be generous enough that builders prefer Hyperliquid over competing venues, but it means the platform’s own cut shrinks in real time. At a time when real-world asset tokenization is booming and attracting institutional capital, that tradeoff is especially visible.
Hyperliquid’s model is not an isolated case. Derivatives exchanges across DeFi have been wrestling with how to balance volume incentives against revenue that can be returned to token holders or used for protocol buybacks. Many platforms have chosen short-term volume sops that eventually force a reckoning. Hyperliquid is simply hitting that tension earlier than expected. The fee split doesn’t just lower current earnings; it also introduces uncertainty about what a normalized revenue level might look like if and when the incentives are dialed back. Market participants who value HYPE based on platform income are now trying to price that unknown.
A Structural Gap, Not a Cyclical One
The decline in revenue isn’t a product of falling trading interest. It’s a direct consequence of the protocol’s architecture for attracting order flow. More volume doesn’t automatically translate into more protocol-level value when half of it is never captured in the first place. The open interest figures can create a misleading picture of platform health if they are read in isolation.
Revenue that once fed token burns, staking rewards, or buybacks is now being siphoned into an ecosystem of external developers. That ecosystem may strengthen the broader Hyperliquid network, but it doesn’t strengthen the token’s direct cash-flow story in the same way. This is similar to the kind of tension that has appeared on other fee-sharing exchanges, where the market eventually demands clarity on whether volume incentives are a temporary growth hack or a permanent feature.
What HYPE Holders Are Missing
The expectation that platform revenue accrues to the token is a powerful narrative in DeFi, and it has been central to HYPE’s value proposition. When that link weakens, the fundamental story shifts. Traders and token holders who bought into HYPE partly on the thesis that rising volumes would boost its real yield now face a more complicated reality. The volume is there; the yield is not.
In decentralized perps markets, liquidity and composability often attract an initial wave of users, but sustained token demand depends on more than just headline metrics. If the fee-sharing program remains the default, HYPE’s economic model may need to be rethought. It’s not just about a few quarters of declining revenue—it’s about whether the current growth path can ever restore a direct line from user activity to token value without disrupting the developer incentives that got it there in the first place. As the uncertain regulatory outlook for decentralized derivatives platforms continues to complicate long-term planning, the margin to recalibrate economic models becomes narrower.
The RWA Perpetuals Wildcard
Hyperliquid’s RWA perpetuals market is still nascent, but its speed of adoption has outpaced the platform’s ability to capture value from it. The flood of new users trading tokenized commodity and equity exposure has been a gift for growth, yet the beneficiary has been the broader funnel of builders rather than the protocol treasury. That could change if the fee-sharing terms are eventually adjusted, but any adjustment would need to be calibrated carefully to avoid pushing volume toward competitors who are ready to offer equally attractive splits.
What’s left is a question of market structure. Can a venue reliant on external developers to drive order flow ever capture enough native revenue to satisfy token holders who demand both growth and value capture? Hyperliquid’s four-quarter revenue slide suggests that the market isn’t sure. The coming quarters will test whether the protocol can shift its economic levers without losing the volume that made it a contender. For now, the gap between open interest and income is the one number that truly matters.

Crypto venture funding market continues to express an active participation. In this respect, the past week has witnessed a total of $76.4 million in funding across the crypto ventures. As per the data from CryptoRank, Yellow Card has become the top project, with InvestiFi, and Vangrid following it. Subsequently, JPYC, Yooldo, Global Ledger, and ZIGChain have also gained notable fundings over the week.
Notable Funding Rounds of the Past Week⚡️@yellowcard_app — $40M@InvestiFi_CUSO — $20M@vangrid_io — $9M@jpy_coin — $6.35M@Yooldo_Games — $1M@GlobalLedger — Undisclosed (M&A)@ZIGChain — Undisclosed (Strategic) $76.4M raised across 11 rounds this week. Yellow Card leads… pic.twitter.com/yspVx7DMcA
— Fundraising Digest (@CryptoRank_VCs) August 9, 2026
Yellow Card Leads Crypto Funding Rounds with $40M
Based on the market data, Yellow Card has emerged as the top crypto venture of the past week with a staggering $40M in funding. The platform provided stablecoin-powered payment services across twenty African jurisdictions as well as the other advanced markets. Following that, InvestiFi has become the 2nd notable project by collecting $20M. The platform integrated investment and crypto trading opportunities for the community banks and credit unions in the United States.
Subsequently, the 3rd prominent name on the list of the week’s crucial crypto funding rounds is Vangrid. The project is a DePIN that transforms smartphones into comprehensive crowdsourced networks of spatial data for physical artificial intelligence (AI). In particular, it has amassed a total of $9M in its funding. Then, JPYC, a compliant yen-pegged stablecoin issuing platform in Japan, is another noteworthy name. The project has collectively gained $6.35M throughout the week, raising the cumulative amount of its Series B funding to almost $38M.
Yooldo, Global Ledger, and ZIGChain Bottom List
According to CryptoRank, Yooldo, a Web3 esports and gaming platform, has obtained $1M in its funding last week. Then comes Global Ledger, which is a banking infrastructure venture, with undisclosed funding collected last week. After that, the UAE-based L1 that brings PayFi and private credit on-chain through institutional rails, has also received an undisclosed amount in a strategic funding round.

Cryptocurrencies are the latest currency of the world and widely accepted due to their smart way of use. According to CoinMarketCap, Pump.fun ($PUMP) surged 18.68% to become the weekly top performer among Altcoins in the crypto market. $PUMP trades at $2.00254 with a volume of $96531195.
Other projects in the list of top performers are given as: LayerZero ($ZRO), Bitcoin SV ($BSV), Curve DAO Token ($CRV), Lighter ($LIT), Zcash ($ZEC), Cosmos ($ATOM), Aerodrome Finance ($AERO), OKB ($OKB), and Mantle ($MNT), which show an upward trend towards growth.
Similarly, $ZRO is in the runner-up position with a 16.94% price increase and is currently trading at $0.8417. It has a volume of $17206483. The given figures for these projects show an attraction towards these cryptocurrencies. This means that users are actively utilizing these cryptocurrencies in daily life trading. This is provided by CoinMarketCap.
Bitcoin SV and Curve DAO Lead Weekly Crypto Gainers with Double-Digit Gains
Bitcoin SV ($BSV) and Curve DAO Token ($CRV), both cryptocurrencies, experienced price increases of 16.60% and 15.99%, respectively. So, Bitcoin SV ($BSV) and Curve DAO Token ($CRV) are currently trading with new prices of $14.78 and $0.2375, with volumes of $6475235 and $40634024, respectively.
Additionally, Lighter ($LIT) is presently trading at $2.31 with a volume of $26763743 after a 11.61% increase in price over the last 7 days. Moving forward, Zcash ($ZEC) has a 10.64% increase in price value over the previous week, and currently emerges with a new price of $520.77 along with a volume of $253792614. These two cryptocurrencies have a central position among daily gainers over the past 7days, ranking.
Cosmos Outperforms as OKB and Mantle Register Solid Weekly Gains
As per CoinMarketCap data, Cosmos ($ATOM) is making an effort with the current price of $1.37, after getting an increase in value of 9.63%, with a volume of $15206542. The next one is Aerodrome Finance ($AERO), which trades at a new price of $0.4225 after an 8.04% increase in price and has a volume of $8386208.
Moving further, OKB ($OKB) secures the 2nd-to-last position in the weekly gainer ranking with a 7.80% increase over the past 7D. It is currently available for trading at the price of $93.68 and has a volume of $34591266. Last but not least, Mantle ($MNT) got the last position in the weekly gainer ranking list, with a volume of $18397284 and a 7.49% increase in price over the last week. Mantle ($MNT) is trading at $0.4242. These values are noted at the time of writing this article.

While Washington remains stuck in legislative tug-of-war over a landmark crypto bill, half a world away the regulatory machine is moving with surprising speed. A weekly Asia crypto roundup from WuBlockchain, the original report, captures the latest pace of change: new legal structures in Russia, dedicated oversight bodies in Japan, and a pipeline of exchange-driven capital market ambitions in South Korea. The contrast with the US—where banking groups are trying to kill the biggest crypto bill in American history just days before a Senate vote, as our coverage explores—is getting harder to ignore.
Russia’s move stands out most immediately. President Vladimir Putin signed the country’s digital currency law, formalizing a legal framework that had been under discussion for months. The legislation does not make Russia a crypto cheerleader overnight, but it clears a path for the digital ruble and restructures how digital assets fit into the domestic financial system. For market watchers, the timing matters. Moscow has been signaling a desire to reduce dependency on the dollar-based financial infrastructure, and a legalized digital currency channel gives Russian firms and counterparties a structured way to use blockchain-based settlement tools—potentially changing trade finance flows across the Eurasian corridor.
Japan, meanwhile, is taking a more bureaucratic but equally consequential step. The Financial Services Agency is creating a dedicated division for crypto and stablecoin oversight. It is a quiet but unambiguous signal. Tokyo has spent years refining exchange registration rules after the Mt. Gox and Coincheck hacks, and now it is carving out permanent regulatory capacity. Stablecoins, in particular, are the next frontier. With the EU’s MiCA regulation setting a global benchmark, Japan’s move suggests it wants to be a rule-maker, not a rule-taker, for yen-pegged digital assets. The institutional message is clear: regulated stablecoin rails will likely anchor Japan’s next phase of payments innovation.
Exchange ambitions and institutional custody
South Korea’s crypto landscape is producing its own structural signals. Bithumb, one of the country’s largest exchanges, is targeting an initial public offering by 2028. An IPO timeline of that length is partly a reflection of the regulatory load Korean exchanges face, but it also shows a maturing view of what a crypto trading venue can become. Bithumb isn’t just chasing volume; it’s positioning for institutional capital and public market scrutiny. This sits alongside a broader trend of crypto exchange consolidation and institutionalization globally—the same week, Bullish closed a $4.2 billion deal for Equiniti in a major tokenization push, as detailed in our weekly tokenization roundup.
In a parallel development, Dunamu—the operator of Upbit and a serious competitor to Bithumb—won a contract to manage seized crypto assets for South Korea’s National Police Agency. It’s the kind of mandate that does not generate headlines but changes how government interacts with the asset class. A law enforcement body entrusting custody to a private exchange implies a degree of operational confidence that takes years to build. It also creates a recurring government-linked revenue stream and could pave the way for other public-sector crypto custody arrangements, not just in Korea but across the region.
Elsewhere, the Tokyo Stock Exchange announced it will re-review companies undergoing major business shifts. While the policy is not crypto-specific, it directly touches firms that are pivoting into Web3 or digital asset operations—a route many Japanese enterprises have already taken. The TSE’s move adds a compliance filter for listed companies exploring blockchain ventures, potentially slowing some transitions but also setting a higher bar for serious entrants. The signal to listed firms is that a sudden digital asset pivot won’t escape the exchange’s scrutiny.
What the uncoordinated coordination means
These developments are not part of a single coordinated Asian regulatory masterplan. Russia, Japan, and South Korea are moving according to their own domestic timelines and incentives. But together they form a picture that institutional investors are increasingly tracking: Asia’s major economies are building the rails for digital assets, not blocking them. The Bithumb IPO target and Dunamu’s police custody deal are market structure milestones that will likely influence how global exchanges and custody providers think about Asia’s competitive dynamics.
Still, plenty remains uncertain. Russia’s law leaves room for interpretation on enforcement and practical adoption. Japan’s new division will need to staff up and deliver concrete policy. Bithumb’s 2028 IPO is a distant goal in a market where regulatory overhauls could reshape the exchange sector well before then. Meanwhile, the underlying blockchain infrastructure that supports all of this—Ethereum, BNB Chain, Polygon, and others—continues to see high developer activity, as our weekly developer activity ranking shows, reminding us that the code is moving faster than the legislation. For market participants, the task is to monitor the gap between regulatory announcements and actual market access—because that’s where the next wave of volume will either flow or stall.

Mobisaria, a cutting-edge Shariah-compliant blockchain entity, has partnered with GXT Exchange, a renowned crypto exchange. The partnership endeavors to broaden market access for Mobisaria’s native $MBSR token. As Mobisaria mentioned in its official announcement, the development connects its Shariah-compliant Web3 network with the international trading architecture of GXT Exchange. Hence, the move is poised to provide $MBSR holders with exclusive spot trading opportunities.
🌐 Ecosystem Expansion: Mobisaria Enters Strategic Partnership with GXT Exchange 📣 Mobisaria has officially partnered with GXT Exchange to accelerate global liquidity and broaden market access for the $MBSR community. GXT Exchange is a global digital asset trading venue built… https://t.co/cfN6UDY0Ax pic.twitter.com/oh3nAf494D
— GXT Exchange (@GXTExchange) August 9, 2026
Mobisaria and GXT Exchange Partnership Bolsters $MBSR Liquidity and Market Access
In partnership with GXT Exchange, Mobisaria is widening the $MBSR token’s accessibility and liquidity across the globe. Both entities attempt to provide long-term utility instead of short-term speculation. As a part of this integration, Mobisaria will utilize the multi-layer security model and efficient execution engine of GXT Exchange. GXT Exchange serves as a worldwide digital asset platform for streamlined spot market interaction across borders. The respective technical alignment permits the reach of the $MBSR token to the traders operating within the markets formerly difficult to reach.
Apart from that, the liquidity provision is anticipated to enhance because of shared order flow that exists between the two networks. In particular, the Msharia mainnet is the key element of this partnership. The Shariah-compliant architecture of the mainnet appeals to consumers looking for digital finance products that align with the core Islamic finance standards.
By merging the Shariah-compliant framework with the robust trading rails of GXT, the development is set to increase the adoption among the institutional and retail market participants alike. Additionally, the partnership focuses on creating more discovery touchpoints to facilitate new consumers entering the $MBSR network. Simultaneously, both platforms also prioritize transparency as a primary objective. In this respect, Mobisaria asserted the commitment to advance utility-led growth in the Web3 market, while GXT Exchange expressed its attention toward effective and secure trading experiences.
Driving Real, Long-Term Utility and Market Availability
According to Mobisaria, the collaboration attempts to fortify spot liquidity, reflecting real demand. Additionally, both entities will also increase community awareness regarding the key benefits of this joint initiative. The development occurs at a time when there is a great demand for next-gen digital assets that merge ethical financial models and technological performance. Overall, the partnership seeks to make $MBSR more broadly available while maintaining the foundational principles thereof.

Cottonia, a decentralized cloud network for Artificial Intelligence (AI) applications and autonomous agents, is excited to help developers with the introduction of Cottonia AI Infrastructure Copilot. The primary purpose of this step is to help developers optimize, scale, and manage AI infrastructure more efficiently via AI-powered analysis.
⚡ AI is getting smarter. Infrastructure must evolve.#Cottonia AI Infrastructure Copilot helps developers analyze workloads, optimize compute, and scale AI applications efficiently. The next generation of AI infrastructure starts here. 🚀 Read more👇https://t.co/jpGr9dQNvP pic.twitter.com/riq9pWajHR
— Cottonia (@CottoniaAI) August 9, 2026
The infrastructure Copilot helps developers analyze AI workloads, optimize compute resources, and scale AI applications. These resources enable developers to understand usage and performance, improve efficiency, and powerfully minimize infrastructure costs. Cottonia has shared this news through its official social media X account.
Cottonia Helps Developers Scale AI Applications with Infrastructure Copilot
Cottonia is strategically revolutionizing the interface from simple chatbot interactions to complicated applications powered by large language models, AI agents, and autonomous workflows. Nowadays, developers are facing various challenges, so Cattonia is playing its role effectively. Furthermore, traditional cloud infrastructure was built for predictable workloads.
AI is dynamic, resource-intensive, and highly dependent on factors like model architecture, request volume, and context length. With this evolving Copilot, developers will be able to write software more effectively and manage resources more accurately. This AI infrastructure Copilot acts as an intelligent layer between AI applications and compute resources. This is an admirable step by Cottonia toward improvement.
Cottonia Transforms AI Infrastructure into an Intelligent Optimization Partner
Cottonia AI Infrastructure Copilot is purposefully designed to sort out the complications of AI in optimization. Cottonia is keenly observing developers computation need and identifying optimization opportunities for better performance and compliance for users. The evolution of cloud computing has always been driven by hurdles. AI applications require infrastructure; infrastructure must evolve from an inactive resource provider into an active optimization partner.
Moreover, this system reduces the manual answering scenario and converts fully answer like how much compute does this application need, which resources provide the best cost-performance, and how can latency be minimized. Cottonia brings a smarter infrastructure layer for providing suitable solutions to different problems of users. Compute expenses are one of the biggest challenges for developers and companies. Therefore, Cottonia is actively solving this problem.

The latest attempt to fork Bitcoin’s blockchain over the embedment of non-financial data has failed to gain meaningful traction. According to a market update from WuBlockchain, the BIP-110 minority chain holds just 0.15% of total hashpower, with only two blocks mined since the split. The rest of the network – roughly 99.85% of hashing power – remains firmly on the main chain.
The fork’s stated aim was to temporarily restrict data like Ordinal inscriptions, BRC-20 tokens, and other non-financial transactions that some Bitcoiners see as spam. But miners overwhelmingly ignored the proposal, leaving the BIP-110 chain more than 80 blocks behind the main tip and without any realistic path to survival.
A Fork with No Practical Tailwind
Michael Saylor, the executive chairman of MicroStrategy and a prominent Bitcoin advocate, noted that the fork’s hashpower deficit is so extreme that, at its current block production rate, it could take roughly 25 years to reach its first difficulty adjustment. That estimate highlights how futile the effort has become: difficulty adjustments are designed to keep block times near 10 minutes, but with only 0.15% of global hashpower, the BIP-110 chain’s block intervals are orders of magnitude longer.
The fork’s chronic block deficit means transaction finality on that chain is essentially non-existent. Exchanges, wallet providers, and custodians have no incentive to support a network that cannot clear transactions reliably – a factor that usually determines whether a minority fork can attract any economic activity at all.
Miners Vote with Their ASICs
Bitcoin’s consensus model has always given miners the final say on protocol changes, and the BIP-110 outcome reinforces how difficult it is to push through a contentious rule alteration. In this case, miners showed no appetite for censoring so-called non-financial data, which has generated significant fee revenue during periods of high Ordinals and BRC-20 activity. The economic incentive to process all valid transactions simply outweighed ideological arguments about network purity.
While the U.S. legislative landscape is grappling with its own pressure points over crypto regulations, as seen with the recent fight over a major crypto bill, Bitcoin’s protocol remains a creature of its distributed hashpower. Forks that ignore miner economics rarely attract enough support to become viable chains, and BIP-110 becomes the latest example of that reality.
What This Means for Bitcoin’s Governance
The negligible hashpower on the BIP-110 chain underscores a long-running tension: Bitcoin’s base layer is conservative by design. Any attempt to change its rules – even temporarily – faces an uphill battle unless it garners overwhelming consensus from miners and node operators. The BIP-110 effort, supported by a small minority that views embedded data as harmful, failed to achieve that critical mass.
Yet the debate over block space usage is not going away. Ordinals and BRC-20 tokens continue to occupy block space, raising fees and occasionally pushing smaller transactions out of the mempool. Proposals to limit non-financial data will likely resurface in different forms, but the BIP-110 fork shows that a hard-fork route is a dead end barring a complete shift in miner sentiment.
For now, the main chain remains the only economically relevant version of Bitcoin. The BIP-110 chain’s 0.15% hashpower will likely dwindle further as miners have little reason to dedicate resources to a chain that cannot catch up and offers no block rewards of value. The episode serves as a stark reminder that Bitcoin’s greatest strength – its difficulty to change – also makes miner-led forks a nearly impossible path to reform.

Executive forum and strategic regional partnerships bring together leaders in AI, digital finance and blockchain to accelerate cross-border innovation
As artificial intelligence reshapes industries and digital assets move into the financial mainstream, Singapore is well positioned to lead the next chapter of digital innovation. Against this backdrop, Singapore Innovation Centre and Singapore Chinese Chamber of Commerce and Industry and inaugurated the Agentic Decentralized Finance Forum at SMEICC 2026, bringing together leaders from government, finance, academia and technology to explore how AI, blockchain and digital finance are transforming business, capital markets and the wider digital economy.
Held on 6 August 2026 at the Suntec Singapore Convention & Exhibition Centre, the half-day forum will provide a platform for discussions on Agentic AI, decentralised finance (DeFi), tokenised real-world assets, trusted digital infrastructure and the regulatory frameworks needed to support responsible innovation across Asia. The event will also serve as the official media session for the upcoming Singapore Blockchain Week scheduled for November 2026.
SMEICC 2026 features Guest of Honour – Mr. Chee Hong Tat, Minister for National Development. Under this year’s theme, “Beyond Partnerships: Where Growth Comes Next,” SMEICC is expected to welcome more than 5,000 business leaders from across the region, while the Agentic Decentralized Finance Forum will host approximately 250 invited participants representing the digital finance ecosystem.
More than another industry conference, the Agentic Decentralized Finance Forum reflects Singapore Blockchain Week’s growing role as a regional platform where leaders from blockchain, artificial intelligence, fintech and digital assets come together to exchange ideas, foster partnerships and shape the future of innovation. As technologies continue to converge, the forum aims to encourage practical collaboration that extends well beyond the conference itself.
The programme will feature distinguished speakers from organisations including the Anchorage Digital, Alpha Ladder Group, BitGo, Chainalysis, Canton Foundation, FOMO Pay, MetaComp, National University of Singapore, Singapore FinTech Association, StraitsX, R25, Xapo Bank, Zenith and other regional ecosystem partners. Discussions will examine how autonomous AI agents are reshaping financial decision-making, the rise of tokenised assets, cross-border digital finance, decentralised identity, post-quantum security and the governance frameworks needed to support trusted innovation.
Associate Professor Edward Tay, Chairman & Director of the Innovation & Entrepreneurship Office at the National University of Singapore School of Computing, Council Member of the Singapore Accreditation Council and Chair of the Expert Panel of Singapore Blockchain Week believes Singapore’s leadership in AI governance and accreditation provides a strong foundation for the next phase of digital finance. He noted that close collaboration between academia, industry and regulators, together with Singapore’s internationally recognised research excellence, positions the country to lead the responsible adoption of Agentic AI and digital assets while reinforcing its standing as a trusted global financial centre.
“Singapore’s strength has always been its ability to connect people, capital and ideas across borders,” said Heslin Kim, Chair of the Organising Committee of Singapore Blockchain Week and Co-Founder & Chief Business Officer of Zenith. “As AI and blockchain become increasingly interconnected, the opportunity is not simply to adopt new technologies, but to build trusted partnerships that accelerate responsible innovation. The Agentic Finance Forum brings together leaders across policy, finance and technology to shape meaningful collaboration and the future of autonomous financial systems.”
“Singapore’s rise as a trusted digital finance hub has been built on close partnership between regulators, financial institutions and innovators. That public-private collaboration will only matter more as Agentic AI and blockchain converge with digital finance. The Singapore FinTech Association looks forward to working with our fellow stakeholders to ensure this next wave of innovation is harnessed responsibly. The Agentic Finance Forum gives us exactly that platform, a place for bold ideas and honest conversations that will keep Singapore at the forefront of financial innovation.” said Holly Fang, President of the Singapore FinTech Association. “The next digital economy won’t be built around human users alone, it will increasingly include AI agents participating in commerce. To unlock that future, we need trusted financial infrastructure that allows AI to transact securely, compliantly and at scale. With its strong digital and regulatory foundations, Singapore is well positioned to lead this transition,” said Tianwei Liu, CEO and Co-Founder of StraitsX.
“MetaComp is honoured to be part of the Agentic Decentralized Finance Forum, curated by Singapore Blockchain Week at SMEICC 2026,” said Tin Pei Ling, Co-President, MetaComp. “Singapore Blockchain Week, MetaComp and many other partners are each doing their part to solidify Singapore’s position as the region’s leading digital finance hub, as we lead up to the ASEAN summit in 2027. Payments are the foundation of a resilient digital economy, and Singapore’s position as a trusted, well-regulated hub gives it a real advantage in shaping how that infrastructure develops across the region. We’re seeing growing institutional confidence in that regulatory clarity, and forums like this are where that confidence turns into practical, cross-border collaboration.
with Animoca Brands ; Ms. Wendy Yew – Secretariat, Singapore Chinese Chamber of Commerce And Industry.
Turning dialogue into collaboration, the Agentic Decentralized Finance Forum will also mark an important milestone for Singapore Blockchain Week through the signing of a five-party Memorandum of Understanding (MOU) with organizations spanning agentic commerce, international entrepreneurship and artificial intelligence.
The collaboration brings together Singapore Blockchain Week with , Raffles Capital, VIA Labs with Animoca Brands, AIDX Tech, China-Singapore AI Association (CSAIA) and HICOOL Global Entrepreneur Summit – China’s leading international innovation and entrepreneurship platforms by Beijing Overseas Talents Association (BOTA). Together, the partners aim to strengthen cross-border collaboration, expand innovation networks and create new opportunities for businesses, entrepreneurs and technology communities across Singapore and Asia.
The partnership will support several strategic initiatives, including the deployment of an AI-powered Agentic Commerce Ticketing Platform developed by VIA Labs in-collaboration with Animoca Brands for Singapore Blockchain Week, deeper engagement with HICOOL’s international entrepreneurship ecosystem, and stronger collaboration with the China-Singapore AI Association to connect AI, DeFi researchers, enterprises and innovators across Singapore and China.
Collectively, the five organisations share a common vision of accelerating responsible technology adoption while fostering greater cooperation between industry, academia and innovation ecosystems. This reflects Singapore Blockchain Week’s broader ambition to serve as a regional platform where ideas, partnerships and emerging technologies converge to shape Asia’s next digital economy.
As the boundaries between AI, blockchain and financial services continue to evolve, the conversations taking place at the Agentic Finance Forum are intended to extend well beyond the conference hall anchored by host and moderator from AIXcellerator and CNBC. Through new partnerships, shared expertise and cross-border collaboration, Singapore Blockchain Week aims to help build an ecosystem where innovation is not only discussed but realised.
About Singapore Fintech Association
Singapore FinTech Association is a cross-industry, non-profit initiative that serves as a platform to facilitate collaboration among market participants and stakeholders across the FinTech ecosystem with one of its subcommittees focuses on Web3. Supported by a distinguished group of industry and government leaders including :
Patron: Mr. Alvin Tan, Minister of State for Trade and Industry and National Development
Strategic Advisory : – Ms. Ong Chen Hui, Assistant Chief Executive, Infocomm Media Development Authority
– Mr. Soh Leng Wan, Assistant Managing Director, Enterprise Singapore
– Mr. Neil Parekh, Deputy Chairman, Global Finance & Technology Network
– Mr. Sanjoy Sen, Managing Director and Group Head, DBS
Their collective leadership supports the asociation’s efforts to foster innovation, collaboration and the development of Singapore’s FinTech ecosystem, both locally and internationally.
For more information, visit https://singaporefintech.org
About StraitsX
StraitsX is the issuer of XSGD and XUSD, Singapore Dollar- and US Dollar-denominated stablecoins that are backed 1:1 by their respective fiat reserves. Licensed as a Major Payment Institution by the Monetary Authority of Singapore, its infrastructure supports stablecoin issuance, payments, settlement, treasury management and connectivity across blockchain networks and traditional payment rails.
With more than US$30 billion in stablecoin transactions and over 3.6 million transactions processed, StraitsX is backed by prominent financial and strategic investors including NTT DOCOMO, Standard Chartered, SC Ventures and InterVest, and secured a further US$10 million strategic investment from UQPAY in 2025 to accelerate its stablecoin and cross-border payments infrastructure across Asia.
For more information, visit https://www.straitsx.com
About Metacomp
MetaComp is a Singapore-based digital finance platform bridging traditional finance and digital assets through regulated, secure and technology-enabled infrastructure. As a Major Payment Institution licensed by the Monetary Authority of Singapore, MetaComp provides Digital Payment Token and cross-border payment services, alongside solutions spanning trading, custody, payments, stablecoins and digital asset management.
Backed by Alibaba, MetaComp has raised US$35 million in Pre-A funding in 2026, and is expanding its StableX Network while developing AI-enabled infrastructure for the emerging financial economy.
For more information, visit https://www.mce.sg
About Singapore Blockchain Week
Singapore Blockchain Week (SBW) is a government- and association-supported platform advancing conversations and collaboration across Agentic Commerce, Decentralized Finance, Digital Assets, Real-World Assets, Tokenisation and emerging technologies.
Positioned as the world’s first cross-border Blockchain flagship event, the programme spans across Republic of Singapore and Johor–Singapore Special Economic Zone in Southern Malaysia. Bringing together policymakers, regulators, entrepreneurs, investors, enterprises and innovators from around the world to foster meaningful dialogue, strategic partnerships and cross-sector collaboration to accelerate responsible innovation and strengthen it’s position as a global hub for the digital economy.
Taking place 13–17 November 2026, SBW will feature conferences, industry forums, networking events and ecosystem initiatives, connecting the people, ideas and technologies shaping the future of finance, technology and digital innovation across Asia.
For more information, visit https://singaporeblockchainweek.org
Join The Singapore Blockchain Week Movement
​Follow our official channels for upcoming regional roadshow, community engagements and event announcements.
​Linkedin : https://www.linkedin.com/company/singaporeblockchainweekofficial
​X : https://x.com/SingaporeBWeek
​Telegram : https://t.me/SingaporeBlockchainWeek
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Media Contact
Ms. Faralynn Wong Asia Investor Relations Email: faralynn@asiainvestorrelations.comMobile: +65 8308 1616
Ms. Angelina Tan Singapore Blockchain Week Email: angelina@singaporeblockchainweek.orgMobile: +65 8959 2812

A major piece of crypto market structure legislation is losing altitude fast. Grayscale Head of Research Zach Pandl told investors that the CLARITY Act now has a low probability of passage this year, pinned down by a crowded Senate calendar and the tightening grip of election-year politics. His downbeat assessment, shared via the original report, does not assume a straightforward disaster for digital assets. Instead, it draws a more complex map: while Bitcoin, major layer-1s, and stablecoin payments can keep growing without the bill, the absence of a unified U.S. framework opens a door that competitors abroad are already watching.
The CLARITY Act was designed to build a comprehensive rule set for crypto markets, clarifying jurisdiction between the SEC and CFTC and giving crypto exchanges, token issuers, and DeFi protocols a clearer path to operate onshore. That ambition remains stuck in a legislative cycle that has seen legislative efforts in the Senate repeatedly slowed by banking interests and election-year maneuvering. Pandl argues that a failure to pass the bill will not immediately choke existing crypto rails. Bitcoin’s property-like status and the continued expansion of dollar-pegged stablecoins on public networks give the market a floor. But the ceiling is what concerns him.
Rulemaking as a Stopgap
Without a legislative framework, the SEC and other agencies are expected to keep filling regulatory gaps through enforcement actions and incremental rule proposals, particularly around tokenized securities. The approach leaves large swaths of the market in a gray zone. Developers and investors who want bright-line rules may simply choose jurisdictions that offer them. Pandl pointed to this dynamic when he warned that a greater share of new investment and developer activity could migrate outside the United States. That is not an abstract risk. A recent snapshot of blockchain developer activity shows that while Ethereum and Solana remain dominant, significant innovation is already spreading across multiple continents, often where regulators are moving faster.
The SEC itself has signaled that it will push ahead on tokenized asset rules, even as Congress stalls. Just days ago, the market saw its first live tokenized Treasury settlement between a major bank and a DeFi protocol, a milestone that underscores both the technical readiness and the regulatory vacuum. Grayscale’s view is that these piecemeal steps can sustain momentum but cannot substitute for the kind of market structure bill that would lock in the U.S. as the primary hub for crypto capital formation.
What Gets Built During the Wait
The election-year calculus matters because it resets expectations about timing. Bills that miss a mid-summer markup often slide past the finish line into the next Congress. For crypto firms weighing location decisions, that timeline is longer than many can afford. The pivot point is not just about where headquarters sit; it is about where liquidity pools, developer tooling, and institutional custody infrastructure get built. The firms that fill those roles in 2026 and 2027 will shape the next cycle, regardless of what Washington does later.
Pandl’s analysis is careful not to overstate the downside for existing assets. Bitcoin’s correlation with global liquidity cycles and the steady march of stablecoin settlement volumes do not require a U.S. regulatory charter to continue. The question is who captures the next wave of on-chain applications, tokenized credit products, and real-world asset markets. If the U.S. leaves that play open through inaction, there is no shortage of jurisdictions willing to close the gap.
What remains uncertain is whether the Senate can find a window after the midterm noise subsides. Even a delayed markup could send a signal that the door is not fully shut. For now, the market is pricing in a world where U.S. crypto regulation evolves through agency action rather than congressional design. That is a slow, contested process that leaves the industry in a holding pattern while offshore centers sharpen their pitch.

The scramble for self-custody is accelerating in Russia. Hardware wallet sales have more than doubled across major retailers as the country edges closer to a sweeping new regulatory framework for cryptocurrencies, according to the original report. The surge arrives alongside a 13% drop in the average price of such devices on the Wildberries platform, where a hardware wallet now costs around 7,900 rubles, while electronics chain M.Video expanded its product range to meet demand.
Neither retailer explicitly named the catalyst, but the timing leaves little doubt. Russia’s government has spent months shaping a legal architecture that could impose registration requirements, tax obligations, and reporting rules on cryptocurrency holders. For many, the anticipated clampdown is a signal to move assets off exchanges and into physically secured wallets before the rules take effect.
A Quiet Flight to Self-Custody
Russian crypto users have long operated in a gray zone. The prospect of formal legal recognition—and with it, state oversight—is reshaping behavior. As the regulatory window narrows, hardware wallet purchases are functioning as a blunt instrument against future surveillance or asset seizures. The shift mirrors patterns seen in other jurisdictions, including the United States, where proposed legislation has similarly pushed users toward non-custodial storage.
The price decline at Wildberries is particularly notable. A 13% drop to 7,900 rubles suggests that demand is being met by economies of scale or competitive pressure from retailers. M.Video’s decision to broaden its inventory further indicates that consumer electronics chains now view hardware wallets as a durable product category, not a niche item. This retail expansion matters because it normalizes self-custody for a broader audience that may have previously relied on centralized exchanges or simple software wallets.
Regulatory Uncertainty as a Demand Driver
Russia’s legislative push has been inconsistent but directional. Lawmakers have floated measures including mandatory declaration of crypto holdings, licensing for exchanges, and tax compliance frameworks. While the final shape remains unclear, the market is reacting to the expectation of tighter controls. Hardware wallet sales doubling is not an anomaly—it is a rational response to a regulatory environment that could restrict access to foreign exchanges and demand reporting of wallet addresses.
What remains uncertain is whether Russian authorities will attempt to block the import or sale of hardware wallets themselves. If new laws require manufacturers to register devices with a state authority or impose know-your-customer checks at the point of sale, the current buying wave could give way to a parallel market. For now, however, retailers are openly capitalizing on the trend without interference.
The Broader Self-Custody Trend
The Russian surge fits into a global narrative. Hardware wallet manufacturers have reported elevated sales across multiple regions whenever governments signal stricter oversight. The market learned the hard way during the FTX collapse and successive exchange freezes that the only crypto you truly control is the crypto you hold. Regulatory tightening, even when not hostile, tends to remind users of that principle.
Retailers like Wildberries and M.Video may not be in the crypto business, but they are becoming infrastructure providers in an emergent self-custody economy. As long as legal uncertainty persists, hardware wallet sales in Russia are likely to remain elevated. The real question is whether the incoming rules will ultimately validate this precaution or render it insufficient.

The calm around Ethereum and Solana’s monetary policies is cracking. A quiet but consequential debate is spreading through both ecosystems, centered on a single uncomfortable question: are they overpaying for network security?
Galaxy Research Vice President Lucas Tcheyan framed the situation in a research note that puts both networks at a similar crossroads. Stakeholders are asking exactly how much token issuance is necessary to keep the chains secure, and whether current inflation schedules make sense. No decision has been reached. The conversation is still in its reassessment phase. But the fact it is happening at all signals a shift in how the market might think about long-term supply.
The Unanswered Security Equation
Ethereum’s move to proof of stake was supposed to bring its inflation under control. And it did. Base issuance dropped dramatically, and fee burns via EIP-1559 often make the asset deflationary during periods of high activity. Yet the network’s security model still rests on paying validators enough to keep them honest, and that requires a steady stream of new tokens.
Solana faces a different version of the same math. Its inflation schedule was baked in at genesis, starting at 8% annually and declining toward a long-run rate of 1.5%. Validators, stakers, and token holders are now questioning whether that glide path is too generous, leaving more coins in circulation than is strictly needed for a network that has matured considerably since its launch.
Amid robust developer engagement—both chains continue to lead weekly developer activity rankings—the economic fundamentals are under fresh scrutiny because the cost of security is increasingly linked to token value, not just validator uptime.
What Lower Inflation Would Mean for Supply
Tcheyan’s note points to a potential market repricing of ETH and SOL if stakeholders conclude that less issuance can still protect the networks. Lowering inflation rates would tighten the new supply hitting the market, altering the supply-demand dynamic that has been a headwind for both assets since the 2022 cycle low. For Ethereum, that could mean accelerating the path to structural deflation. For Solana, it would flatten an issuance curve that already faces selling pressure from validator rewards.
But the reverse risk is equally real. If the internal debate settles on maintaining or even raising inflation, the supply overhang would persist. That outcome is not priced in yet, and it is one that long-term holders in both camps are beginning to calculate more seriously.
Stakeholder Pressure, Not Protocol Edict
The discussion is driven from the ground up. Network participants—validators, stakers, application developers—are the ones linking security costs with token economics. That linkage is not abstract; it reflects a growing awareness that a chain’s monetary policy can become a competitive differentiator. Networks that over-issue for security risk alienating capital allocators who are tired of dilution stories. Those that under-issue face existential questions if staking participation drops during a stress event.
No formal proposal is on the table in either ecosystem, and governance processes for changing something as fundamental as inflation are deliberately slow. The coming months will reveal whether this remains a theoretical exercise or evolves into concrete proposals that could shift the supply trajectories of the two largest smart contract platforms.

The math is simple but staggering: if just 1% of the roughly $200 trillion sitting in global capital pools—pensions, endowments, sovereign wealth funds, insurers—moved into bitcoin, it would spark a multi-trillion-dollar inflow. Bitwise CIO Matt Hougan is not being coy about the implication. He sees a future where large allocators treat digital assets as a standard portfolio sleeve, and the early stages of that shift may already be underway, according to the market analysis.
For context, bitcoin’s total market capitalization sits well below $2 trillion at the time of writing. A 1% rotation from those deep pools would amount to roughly $2 trillion in fresh demand—more than the asset’s entire float. Even a fraction of that hitting order books could alter market structure. It’s the kind of calculation that makes Bitcoin ETF issuers, custody providers, and prime brokers pay attention.
The $200 Trillion Argument for Bitcoin
Hougan’s argument rests on a simple feature of institutional portfolios: they are slow to move but, once repositioned, their allocations stick. A 1% target weighting sounds trivial in isolation. But the sheer size of the pools means the absolute dollar amount is enormous. And because bitcoin’s liquid supply is thin—exacerbated by long-term holder behavior and lost coins—any sustained buying is amplified by the market’s depth profile.
Compare this to gold, which already sits inside many institutional portfolios. Bitcoin’s digital scarcity and 24/7 liquidity offer a complementary, not necessarily competing, thesis. The question is no longer whether a family office can buy a few million in BTC. It is about the infrastructure readiness for large pension checks. That’s where regulation and custody standards become critical, and lawmakers are currently wrestling with a pivotal crypto bill that could reshape bank involvement. Some financial forces are already pushing back as the Senate vote approaches, with banks demanding last-minute changes to a compromise they had just accepted.
Why Institutional Timing Matters Now
Spot Bitcoin ETFs have absorbed tens of billions since launch, but the flows so far are dominated by retail and hedge-fund money rather than classic buy-and-hold institutions. Pensions and sovereigns have longer decision cycles. Hougan’s scenario assumes those cycles are maturing in parallel with clearer accounting treatment, better custody solutions, and more boardroom comfort with digital assets.
The trend extends beyond bitcoin. Altcoin markets have already shown sensitivity to institutional narratives. When a Nasdaq-listed firm added institutional staking for Sui, the token rallied 18% on heavy volume, and a fintech integration followed, as covered by BlockchainReporter. That kind of reaction reveals how starved the market is for signals that enterprise money is becoming comfortbale with on-chain exposure. A broad-based, percentage-point move by global allocators would be orders of magnitude larger.
At the same time, tokenization is building an institutional on-ramp that didn’t exist a few years ago. The week that real-world assets on-chain crossed $20 billion and Bullish closed a $4.2 billion acquisition of Equiniti, as reported recently, demonstrates that traditional finance is no longer just observing crypto from a distance. It is actively moving capital into on-chain rails, even if bitcoin itself is not always the direct target. Each such move normalizes the idea that a small digital asset allocation is prudent rather than exotic.
What Remains Uncertain
Hougan’s thesis is compelling but comes with assumptions that may take years to validate. The 1% shift is not a prediction with a timestamp. It requires custodial insurance frameworks that are still nascent, regulatory clarity across multiple jurisdictions, and a prolonged period without a catastrophic smart contract or protocol failure that could spook conservative boards.
Moreover, some large pools might prefer crypto exposure through private funds or venture equity rather than spot holdings, diluting direct market impact. And even if the macro allocation argument strengthens, the timing of flows will be uneven. Markets often price the convergence trade well ahead of actual settlement, creating volatility that allocators would rather avoid.
Yet the direction of travel is hard to ignore. Bitwise and its competitors are not building ETF wrappers for a niche asset class. They are positioning for a world where a 1% allocation is the base case, not the bull case. When that rebalancing begins, the math Hougan points to will become a live market force, not just a talking point.

Trikon, a renowned Web3 infrastructure entity, has partnered with IBVM, the earliest Bitcoin-based zero-knowledge layer 2 ecosystem. The partnership is set to combine AI-led consumer experience infrastructure and blockchain-powered security. As per Trikon’s official announcement, the development attempts to merge a modular blockchain framework with crypto capital within an inclusive Web3 tech framework. Additionally, Trikon will pay significant attention to its AI-driven operating network to deliver chainless, agent-led, and gasless interactions for dApps.
We're excited to partner with @IBVMCHAIN, Bitcoin's native ZK Layer 2, bringing the most battle-tested capital in crypto into the modular Web3 stack. Trikon's AI-native OS handles the UX layer chainless, gasless, agent-driven. IBVM handles the trust layer: ZK-verified,… pic.twitter.com/x29k2GKmTf
— Trikon (@0xTrikon) August 8, 2026
Trikon and IBVM Partnership Combines Bitcoin Security with AI-Driven UX
In partnership with IBVM, Trikon is poised to assist builders in developing streamlined dApps without any compromise on the security properties linked with Bitcoin. In this respect, the AI-native OS of Trikon focuses on streamlining the way consumers interact with diverse blockchain apps by decreasing technical complications that are normally linked to wallets, individual networks, and gas fees. Additionally, the platform’s agent-powered architecture is set to allow automated interactions, letting AI-native agents handle specific blockchain activities on behalf of consumers.
Apart from that, IBVM will advance this client-facing infrastructure by serving as a verification and security layer. In the form of a Bitcoin-native ZK L2, the platform leverages zero-knowledge technology for the verification of computations and transfers while using Bitcoin as the security foundation thereof. The approach attempts to support more scalability while also retaining a complete link to the established security architecture of Bitcoin.
Simultaneously, the joint effort underscores the wider shift toward modular chain architectures, where diverse protocols and ecosystems specialize in particular functions instead of attempting to deliver each component within one chain. In line with the proposed framework, Trikon can focus on AI-led interactions and application usability, whereas IBVM addresses verification, security, and settlement requirements.
Driving Web3 Trust and Usability for Scalable Web3 Infrastructure
According to Trikon, the collaboration also signifies the rising role played by AI agents within the Web3 infrastructure. Amid the growing complexity of dApps, AI-led interfaces could increase the accessibility of blockchain functionality by abstracting technical procedures from users. Overall, by merging a Bitcoin-secured ZK model with the AI-led interaction layer, both entities endeavour to deal with trust and usability amid scaling dApps.