Aave is proposing to shut down six low-activity chains and trim dozens of underused reserves in a $98M cleanup aimed at cutting overhead and refocusing on higher-value markets. The move is still pending governance, but it signals a more selective Aave, not a full multichain retreat.
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Samsung is turning its Dunamu stake into a bid for the backbone of stablecoin payments, with Samsung Wallet also set to support stablecoins. The move hints at a serious push into digital asset infrastructure, but regulation, control, and corporate gatekeeping could shape how open it really is.
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South Korea’s central bank has finished real-money tests in a BIS project using tokenized reserve payments, showing how wholesale CBDC-style rails could streamline cross-border settlement. It’s progress on the plumbing — but stablecoin rules and full rollout are still very much a work in progress.
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Ark Invest is not abandoning crypto equities — it’s rotating into the names it likes most, buying Coinbase and Circle while trimming Bitmine, Bullish, and Block as the sector weakens and U.S. policy stays murky. Bitcoin and stablecoin rules still run the show.
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ONDO’s case for a $100 billion market cap rests on real traction in tokenized Treasuries, stocks, and regulatory access — but the big question is whether that growth actually flows back to token holders. Strong thesis, brutal execution test.
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The American Arbitration Association has launched a Web3 Panel to handle disputes involving blockchain systems, smart contracts, digital assets, and DAOs. It’s not a crypto court, but a specialist arbitration roster built to untangle the technical, legal, and cross-border messes Web3 keeps generating.
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Gumi and SBI are launching a roughly ¥3 billion private crypto fund in Japan on Aug. 1, aimed at Bitcoin and major listed altcoins. The move signals a more structured push into institutional crypto investing, though key details like holdings, custody and fees remain undisclosed.
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Thailand’s AI data center boom is colliding with a hard reality: these projects need real power, water, land, and public buy-in, not just glossy investment hype. With the EEC under pressure, critics say the country risks trading growth for strain unless approvals get stricter.
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Luno is cutting about 20% of its global staff as it shifts toward institutional and B2B revenue, underscoring a broader crypto trend: fewer moonshots, more focus on compliance, infrastructure, and clients with real money.
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Japan’s Gumi and SBI are reportedly behind an $18.3 million Bitcoin-and-altcoin fund, a modest but telling sign that institutional crypto adoption is getting more structured in Japan. The real story is clearer rules, not moonboy hype.
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