News & Research

. Layer-1 blockchain foundation Kaia announced via X that it will terminate the FNSA→KAIA token swap service and officially shut down operations of the legacy Finschia chain starting Sept. 30. After that date, all swap functions will be disabled and the Finschia chain infrastructure will be decommissioned. No further compensation or technical support will be provided for unclaimed FNSA tokens.

South Korean crypto figure "Jonbur Kim," whose real surname is Park and whose nickname roughly translates to "HODL Kim," was denied bail on July 30, according to Herald Business. Park will remain in custody as he stands trial. He was previously indicted for allegedly launching a scam token called PODO, pumping its price and cashing out entirely—netting 80.9 billion won ($58.2 million). After being released on bail, he was hit with a second indictment and taken into custody for allegedly issuing another fraudulent token, Artube (ATT), through which he is accused of defrauding investors out of 260 billion won ($187 million).

South Korean brokerage Kiwoom Securities has applied for several stablecoin-related trademarks, Digital Asset reported. Data from the Korean Intellectual Property Rights Information Service (KIPRIS) shows the firm filed applications for names such as "KiwoonKRW" and "KRWKW." Kiwoom is the third major securities firm in the country to move in this direction, following NH Investment & Securities and Shinhan Securities.

A recent study by Mysten Labs, the developer behind the Sui blockchain, suggests that blockchains using the Edwards-curve Digital Signature Algorithm (EdDSA) are better positioned to handle future quantum threats, according to Decrypt. Unlike these newer networks, like Sui, Solana and Near, older blockchains like Bitcoin and Ethereum rely on the Elliptic Curve Digital Signature Algorithm (ECDSA), which faces steeper technical and operational hurdles in transitioning to quantum-resistant security. The concern stems from Shor’s Algorithm, a classical method that can run on quantum computers to efficiently factor large integers—potentially allowing attackers to derive private keys from publicly available blockchain data. Mysten Labs co-founder and Chief Cryptographer Kostas Chalkias noted that governments worldwide plan to phase out classical algorithms like ECDSA and Rivest–Shamir–Adleman (RSA) by 2030 or 2035. He warned that networks handling sovereign assets, national treasuries, exchange-traded funds (ETFs) or central bank digital currencies (CBDCs) will soon be expected to implement post-quantum cryptographic standards to maintain long-term trust and wide adoption.

Nuvve Holding Corp. (Nasdaq: NVVE), an electric vehicle charging and energy storage company, has approved the purchase of up to $3 million in HYPE tokens as part of its blockchain-driven growth initiative, according to Business Wire. DeFi Technologies will manage Nuvve’s HYPE treasury strategy. The investment aligns with Nuvve’s push to integrate blockchain into energy and infrastructure applications.

BlackRock’s iShares Ethereum ETF, ETHA, has bought 1.25 million ETH, worth around $4.73 billion, since July 1, bringing its total holdings to over 3 million ETH ($11.36 billion), Lookonchain reported on X.

U.S. President Donald Trump’s digital asset task force released a fact sheet outlining its recommendations for advancing crypto regulation, according to The Block. The group urged Congress to build on the recently passed Digital Asset Market Clarity Act, called for swift implementation of the GENIUS stablecoin act, and pushed for simplified tax rules for crypto users and businesses. The report did not mention Trump’s earlier proposal for a Bitcoin or crypto reserve.

Brazilian asset manager VERT Capital (XDC) plans to tokenize up to $1 billion in debt and receivables on the XDC Network over the next 30 months, including corporate bonds and agribusiness receivables, according to CoinDesk. The move is part of Brazil’s growing push toward real-world asset tokenization.

Belgravia Hartford Capital, a publicly traded Canadian investment firm, announced it closed a $5 million convertible debenture with Round13 Digital Asset Fund at 4% annual interest, maturing in two years, to buy Bitcoin (BTC), according to Business Wire.

Canaan, a Nasdaq-listed Chinese mining equipment maker and Bitcoin mining firm, has designated Bitcoin as its primary long-term reserve asset, holding 1,484 BTC worth about $74 million, according to Stock Titan. This move positions the company not only as a mining hardware provider but also as a Bitcoin accumulator, aligning its financial strategy with the broader Bitcoin ecosystem.