The cancellation delays consideration of a framework that could affect crypto issuers, intermediaries and platforms involved in primary token offerings. No vote or formal proposal emerged from the scheduled meeting. Any renewed consideration will require a new Sunshine Act notice and an updated entry on the SEC’s open-meetings calendar.
Bybit Secures US Freeze on Assets Linked to $1.5 Billion Hack
Bybit obtained a preliminary US court injunction freezing identified assets connected to the alleged Lazarus Group operation behind the exchange’s February 2025 theft.
The asset-freeze order covers specified assets named in the case, although the dollar value protected by the injunction was not disclosed. The broader hack involved approximately $1.46 billion to $1.5 billion.
The theft occurred on February 21, 2025. Five days later, the FBI attributed the attack to North Korea-linked actors tracked as TraderTraitor or Lazarus Group and circulated Ethereum addresses for private-sector blocking.
Bybit subsequently created its LazarusBounty recovery initiative, offering incentives for information and assistance that could help trace and freeze stolen funds.
The preliminary injunction prevents movement of assets already identified through the litigation. It does not represent a completed recovery, but it may support later claims or clawback efforts by preserving the targeted funds.
Further court filings could expand the asset list or replace the preliminary relief with a longer-lasting order. Exchanges operating within US jurisdiction may also screen transactions against addresses identified in the case and FBI advisory.
ShipMonk Breach Exposes Data of 13,689 Trezor Customers
A security breach at Trezor’s shipping provider ShipMonk exposed information belonging to approximately 13,689 hardware-wallet customers, increasing their risk of targeted phishing and social-engineering attacks.
ShipMonk informed Trezor about the unauthorized access on August 10, 2026. Trezor disclosed the customer-data incident on August 13 and contacted affected buyers by email.
The incident involved orders shipped between May 10 and August 8 from facilities in the United States, United Kingdom, Sweden, Colombia, Brazil, Italy and Portugal.
Of the affected customers, 11,742 had their full names, email addresses, telephone numbers and shipping addresses exposed. Another 1,947 had their names, cities and email addresses compromised.
Trezor said the breach occurred within ShipMonk’s systems. Its internal infrastructure, hardware wallets and firmware were not compromised.
Exposed shipping and contact details could allow attackers to create messages referencing genuine purchases or delivery information. Trezor warned customers to expect possible phishing attempts. The practical threat therefore centers on impersonation and attempts to obtain recovery phrases or payments rather than a technical compromise of the wallets themselves.
Bitcoin Exchange Reserves Break Above 200-Day Average
Bitcoin reserves held on exchanges have moved above their 200-day simple moving average for the first time in years, challenging a two-year decline in readily available trading supply.
The reserve shift indicates that more BTC is becoming liquid on centralized trading venues. Bitcoin traded near $63,010 when the move was reported on August 16, 2026.
A sustained increase in exchange balances could weaken the supply-scarcity trend that developed as reserves declined. It may also create additional selling pressure if large holders continue transferring Bitcoin to trading platforms.
The change does not establish that the deposited coins will be sold. However, exchange reserves measure the amount of Bitcoin positioned where holders can trade it more easily, making continued inflows relevant to short-term liquidity conditions.
The development arrived while market sentiment remained in fear territory. If reserves and whale inflows continue rising together, more available supply could place additional pressure on prices and existing support levels. Reserve balances have therefore become a key measure for traders monitoring whether Bitcoin is shifting from accumulation toward distribution.
Evernorth Revises XRP Structure Ahead of Planned Nasdaq Listing
XRP treasury company Evernorth Holdings amended its proposed Nasdaq listing structure so that each regular share could represent more XRP if the token remains below the deal’s original reference price.
Evernorth plans to go public through a business combination with Armada Acquisition Corp. II. Approximately 95% of enterprise investors support the revised terms.
The original share allocation used an XRP price of $2.35, compared with a reported market price near $1 when the amendment was announced. The revised formula will instead use XRP’s volume-weighted average price closer to the transaction’s closing date.
Private-placement investors have subscribed for primary shares at $10 each. If XRP remains below $2.35, Evernorth expects to issue fewer shares against the same treasury. That would distribute its net asset value across a smaller share count and increase the amount of XRP represented by each share.
Evernorth is backed by Ripple, SBI Group, Pantera Capital, Kraken, Arrington Capital and GSR. CEO Asheesh Birla said linking the share count to XRP’s closing value preserves alignment among investors while supporting institutional access to the XRP ecosystem.
Algorand V5 Proposal Adds Protocol-Level Post-Quantum Accounts
Algorand released version 5.0.0 on August 12, introducing a proposed consensus upgrade with protocol-level post-quantum accounts, resource-based transaction pricing and a larger Algorand Virtual Machine.
Node operators will vote on whether to activate the new consensus rules. Until that vote passes, the features remain part of the released upgrade rather than active network policy.
Version 5.0.0 replaces the uniform one-transaction, one-fee model with a fixed-point multiplier tied to resource use. An ordinary transaction with usage measured at 1,000,000 would continue to cost one minimum fee.
The base allowance will cover at least 1,024 bytes of note data, 2,048 bytes of application arguments, three additional program pages and 1,000 bytes of LogicSig data per transaction.
The upgrade would also double the amount of code smart contracts can process, enable data sharing between contracts and allow existing applications to upgrade without a full rebuild. Contracts could use as many as seven additional pages, raising the total ceiling to 16,384 bytes.
Activation would give developers more room for sophisticated applications while linking additional fees to the resources each transaction consumes.
Binance Bitcoin Traders Hold Record Unrealized Profits
Veteran Bitcoin traders on Binance accumulated unrealized gains nearly three times larger than at the top of the 2021 cycle, making the latest cycle their most profitable yet, CryptoQuant founder Ki Young Ju said.
He attributed the result to spot Bitcoin exchange-traded funds and digital-asset treasury companies, which absorbed supply that might otherwise have depended on exchange traders. The market assessment described Bitcoin as entering a deleveraging phase while trading within roughly the same price range as two years earlier.
Profits from the cycle flowed partly into futures positions, while some holders realized gains. Bitcoin subsequently stabilized near the average acquisition price of Binance traders.
The on-chain BTC/USDT futures leverage ratio, measured as futures open interest relative to USDT reserves, declined from above 0.5 to approximately 0.3. The ratio nevertheless remained above its pre-spot-ETF level.
Ki also identified recent spikes in market-buy ratios on OKX and other exchanges. Similar activity appeared when long-term holders accumulated Bitcoin near $16,000 at the 2023 cycle bottom. He described the latest signals as a gauge of veteran-trader positioning, not a definitive bottom indicator.
Crypto.com Opens 24/7 Tokenized Trading for 1,500 US Assets
Crypto.com launched Tokenized Stocks, giving eligible users round-the-clock price exposure to approximately 1,500 US stocks and exchange-traded funds through its mobile application.
The new trading service is available in the European Economic Area and other approved jurisdictions. Its initial offering includes products referencing Nvidia, Tesla and Apple, as well as SPDR Gold Shares and the iShares Silver Trust.
Users can purchase fractional exposure starting at $1. Crypto.com is offering commission-free trading for a limited introductory period, although foreign-exchange charges, spreads and other costs may still apply.
The products are derivatives that track the price performance of the referenced securities. Buyers do not receive legal or beneficial ownership of the underlying shares, shareholder rights or voting rights.
Crypto.com said Alpaca holds the supporting assets in custody. Alpaca is a US-regulated, self-clearing broker-dealer that supports more than 90% of the tokenized US stock and ETF market.
The launch adds continuous equity-linked trading to Crypto.com’s existing crypto infrastructure, allowing eligible customers to trade outside conventional US stock-market hours.
Chainalysis Challenges $94.6 Million TRM Labs Government Contract
Chainalysis Government Solutions sued the US government over a $94,655,840 contract that Immigration and Customs Enforcement awarded to rival blockchain analytics provider TRM Labs without a regular competitive-bidding process.
ICE awarded the disputed contract on July 2, 2026. It covers forensic software and support for Homeland Security Task Force investigations from July 1, 2026, through June 30, 2027.
The work includes cryptocurrency tracing, blockchain analysis, cybercrime and scam investigations, sextortion cases, asset recovery, open-source intelligence and AI-assisted case triage.
Chainalysis filed its challenge in the US Court of Federal Claims. The court allowed its complaint to remain under seal on July 31 and issued a protective order. TRM Labs joined the case as a defendant-intervenor.
Chainalysis filed its motion for judgment by August 11. The government and TRM must submit responses and cross-motions by August 21, followed by additional filings on August 26 and August 31. Oral arguments are scheduled for September 2 at 10:00 a.m. EDT in Washington, D.C. The government requested a decision by September 10. A ruling for Chainalysis could force a review of the award.
Stock Perpetual Trading Volume Surges to $250 Billion
Monthly trading volume for equity-linked perpetual contracts on major crypto exchanges rose from approximately $15 billion in April to nearly $250 billion in July 2026, CryptoQuant reported on August 13.
The 17-fold increase included 56% growth between June and July alone. The contracts provide continuous exposure to stock prices without an expiration date, using periodic funding payments to keep their values aligned with the underlying assets.
Binance processed approximately $193 billion in July volume, giving it a 76% market share. Gate recorded the fastest monthly expansion at 308%, while Bybit grew 176% and Binance increased 59%. Gate has posted continuous monthly growth since May.
Trading remains concentrated in semiconductor and artificial-intelligence-related assets. SanDisk and SK Hynix generated 53% of Gate’s equity-perpetual volume, while Micron and the leveraged semiconductor ETF SOXL also attracted substantial activity.
Open interest in perpetuals linked to traditional assets exceeded $2 billion in July, up from approximately $350 million to $500 million during the spring. That still represented only about 3% of the crypto derivatives market’s total open interest of $65 billion.
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