Movement Labs Files for Chapter 11

Movement Labs, the developer behind the MOVE blockchain, has filed for Chapter 11 bankruptcy — months after a market-making scandal and a strategic overhaul gutted the project.

The filing lists under 1,000 creditors, $100K–$500K in assets and over $1M in liabilities under a Subchapter V small-business restructuring. It caps a fall from a ~$3B valuation, with MOVE down roughly 99%. The 2025 scandal saw a market-making deal dump 66M MOVE, crashing the price and prompting a Coinbase suspension. CEO Torab Torabi says separate entity Move Industries keeps running the network normally.

👉 coindesk.com/policy/2026/07/21/movement-labs-files-for-chapter-11-months-after-token-scandal-and-strategic-overhaul

Satsuma to Liquidate Its Bitcoin Treasury

Shareholders of UK Bitcoin-treasury firm Satsuma Technology have voted, with over 90% support, to sell off its entire Bitcoin stack, delist from London, and hand the capital back to its investors.

Satsuma will sell 668 BTC (~$43.5M) and return the capital to investors, overruling four of its six board members. It is a fast unwind: under a year ago it raised $218M in a ParaFi-led round and hired Mark Moss as chief bitcoin strategist.

The trigger: SATS shares fell over 99% from their 2025 peak, pulling the market cap well below the value of the Bitcoin on its books. UK court hearings run into September, with delisting due mid-September.

👉 decrypt.co/374018/dat-satsuma-unwind-bitcoin-treasury-sell-off-btc

Telegram plans to Launch a Native Gram Wallet

Pavel Durov says Telegram will build a native, non-custodial Gram wallet into every version of the app this summer, bringing instant, zero-fee crypto to its 1B+ users.

Durov calls it the largest non-custodial wallet deployment in history. It supports Gram — Telegram’s native token, rebranded from Toncoin in June — and keeps users in full control of their keys, secured by two-factor authentication on their Telegram account.

Built on the MyTonWallet engine, it follows a 2025 pilot that put a non-custodial TON wallet in front of 87M US users. Now the rollout goes global across the whole app.

👉 theblock.co/post/409099/telegram-plans-largest-rollout-non-custodial-crypto-wallet-in-history

Zama Teams Up With Elliptic on Compliance

Confidentiality protocol Zama has partnered with blockchain-intelligence firm Elliptic to bring compliance screening to confidential onchain finance — without giving up privacy.

Zama builds a confidentiality layer for public blockchains using fully homomorphic encryption (FHE). Elliptic’s screening lets institutions meet AML and regulatory standards on transactions that stay encrypted — “compliant by design.”

The pitch: institutions won’t adopt confidential finance unless it satisfies regulated-market compliance, and now it can. Zama recently raised $57M in a Series B to expand its FHE stack.

👉 x.com/zama/status/2079553749924684146

Ramp Launches Stablecoin Accounts for Business

Corporate-finance platform Ramp has launched Stablecoin Accounts, letting its 50,000+ business customers hold USDC and USDT, make cross-border payments and earn rewards — all without leaving Ramp.

Businesses can move USDC and USDT 24/7 with no USD on- or off-ramp fees, and earn up to 3.25% in rewards on balances. Ramp is clear these are activity-based payouts, not interest or investment yield. The core pitch is cross-border payments: a standard wire costs $35-$75 and takes one to three days, whereas stablecoins clear in a matter of seconds — and Ramp already moves ~$100B a year.

👉 ramp.com/blog/introducing-stablecoins

Jack Dorsey Launches BUZZ to Take On Slack

Block, led by Jack Dorsey, has launched BUZZ, an open-source rival to Slack and GitHub where people and AI agents collaborate inside one shared workspace.

Every human and agent gets a cryptographic identity and its own permissions, running on the decentralized Nostr protocol. Agents join as full members, not command-only bots — Dorsey calls it “model-agnostic, decentralised, self-sovereign and open source.”

From one shared chat, teams move into planning, project management, coding and PRs. A free desktop app is live for macOS, Windows and Linux under Apache 2.0, though BUZZ still calls itself early-stage.

👉 buzz.xyz

Galaxy Launches a Bitcoin Quantum Initiative

Galaxy Digital has launched a Bitcoin Quantum Readiness Initiative to defend Bitcoin’s cryptography against the long-term threat posed by quantum computers.

The program pairs up to $5M in developer grants for post-quantum solutions with a Quantum Advisory Council, plus a research and publishing track run by Galaxy Research.

The concern: a powerful enough quantum computer could one day break the elliptic-curve signatures that secure Bitcoin wallets. Galaxy wants migration paths ready long before that risk turns real.

👉 galaxy.com/newsroom/galaxy-launches-bitcoin-quantum-readiness-initiative

Zilliqa Halts ZIL Over a Ledger Key-Leak Bug

Zilliqa suspended all native ZIL transactions after attackers began exploiting a private-key-leaking bug in its Ledger wallet app that had been dormant since 2019.

The flaw is in how the Ledger app generates nonces for EC-Schnorr signatures: the top 64 bits are fixed at zero, so an attacker can rebuild a full private key from just ~5 on-chain signatures. ZIL was drained from an offline cold wallet run by an exchange partner; Upbit and others froze ZIL deposits and withdrawals. Zilliqa has not disclosed the amount and urges users to retire exposed keys and wait for a fix from Zilliqa and Ledger.

👉 theblock.co/post/409383/zilliqa-halts-native-transactions-over-bug-in-its-ledger-app-dating-to-2019

Crypto's Biggest Upgrades Still Ahead in 2026

Before 2026 is out, eight different chains ship their biggest upgrades in years — and the first lands this week. Zcash's Ironwood goes live July 28 (new shielded pool, quantum-recoverable funds).

Zcash update is followed by Ethereum's Glamsterdam, Solana's Alpenglow, Polkadot's JAM, and Cardano's largest upgrade ever. Chainlink is bringing Wall Street's DTCC settlement on-chain, while Polygon and BNB Chain race toward 100k and 10k+ TPS.

Subgraphs vs Substreams: Picking the right blockchain data tool

Every onchain app needs data — but how you index it matters. The Graph ecosystem gives you two tools: Subgraphs (built-in GraphQL, 15,000+ ready to fork, great for dApps) and Substreams (parallel processing via Firehose, built for high-volume data, ML, analytics).

The simple rule: Subgraphs for queries, Substreams for scale. And with substreams-convert, moving between them is easier than ever.

👉 coincodex.com/article/87853/subgraphs-vs-substreams-picking-the-right-blockchain-data-tool/

Exchange Winners & Losers: 30-Day Asset Flows

Bitget and OKX led every exchange in net inflows over the past 30 days, adding +$677M and +$420M. Binance and Bybit went the other way, shedding $1.65B and $416M.

Across all CEXs, $2.09B left the books on net this month. 42 exchanges saw outflows, only 23 saw inflows. Most exchanges lost assets this month. A handful didn't.

Senate Bill Would Bar Officials From Issuing Crypto

An updated CLARITY Act adds an ethics section that would bar presidents, the VP, Congress, federal officials and their spouses from issuing or sponsoring any cryptocurrency.

Covered officials would have to sell their crypto and stakes in crypto firms, move them into a blind trust they do not control, or both — plus disclose any crypto sale over $1,000, with the GAO hunting for more loopholes. Enforcement could reach $250K a day in fines. The catch: it targets Washington’s biggest crypto portfolio. Trump booked ~$1.2–1.4B in crypto income in year one — and reportedly signed off. Democrats balk over who enforces it, and it is not law yet.

👉 cnbc.com/2026/07/22/senate-crypto-bill-would-ban-federal-officials-from-issuing-digital-assets.html

AMD and Anthropic Strike a Major Chip Deal

AMD and Anthropic have signed a strategic deal that pairs a huge chip-supply commitment with an equity investment — AMD will put up to $5B into Anthropic, tied to milestones.

Anthropic will deploy up to 2 gigawatts of AMD Instinct MI450-series GPUs in AMD’s “Helios” rackscale systems, with the first gigawatt live in H1 2027, and has committed to buy tens of billions of dollars of AMD AI chips. Anthropic will own some chips outright and rent the rest via clouds. For AMD, landing a marquee AI lab is a major push against Nvidia’s grip on AI compute.

👉 wsj.com/tech/ai/amd-and-anthropic-sign-major-chips-and-investment-deal-4adfdc45

BitMEX Is Shutting Down on September 23

BitMEX, the exchange that pioneered the crypto perpetual swap, will cease all operations on September 23, 2026, following a strategic review by parent HDR Global Trading.

New sign-ups are already closed. From August 26, users can only reduce positions, and anything still open at shutdown will be force-liquidated. KYC-verified users must withdraw beforehand or face a monthly account fee of $50 or 1% of the balance.

Launched in 2014 and built around Bitcoin, BitMEX defined an era of crypto leverage before a 2021 US settlement and years of fading volume. Its shutdown closes one of the industry’s original venues for good.

👉 bitmex.com/blog/bitmex-closure

Three protocols were drained in a matter of hours, $35M+ gone

AFX Trade lost $24M on Arbitrum after its bridge validator keys were compromised. Verus lost $7.5M in a repeat of a bug it never fully fixed. B² Network lost $3.9M when an attacker seized its staking contract.

None of it was broken cryptography. It was keys and permissions, again. That's how most of crypto gets stolen in 2026.

Kalshi Launches a Midterms Election Hub

Kalshi has launched the Midterms Hub — what it calls the first election hub built on the wisdom of the crowd, where real people put real money on what they think will happen.

Its markets trade 24/7, so the odds move the second news breaks, a debate lands, or results roll in. The hub pulls polling, fundraising, historical results and live market odds into one place — no spin, just skin in the game and prices that update in real time.

The pitch is a real-time read on where each race actually stands — built for voters, political junkies and anyone who follows the midterms closely.

👉 x.com/Kalshi/status/2079947783482581406

Plume’s nOPAL Brings RWA Yield to Avalanche

Plume has gone live on Avalanche with nOPAL, a tokenized vault that brings institutional-grade Brazilian credit-card receivables onchain as composable RWA yield.

Issued by BlackOpal, nOPAL turns real credit-card receivables — settled via Visa and Mastercard and registered with Brazil’s Central Bank — into an onchain asset whose returns come from real economic activity, not token incentives.

The vault reports a 0% default rate since inception, audits by 0xMacro and Spearbit, and BlackOpal’s 25+ years and $200M+ in institutional backing. Avalanche is fast becoming a hub for tokenized private credit.

👉 plume.org/blog/plumes-nopal-is-now-live-on-avalanche

Sentient Foundation Launches $42M Fund for Open-Source AI Builders

The Sentient Foundation has unveiled a $42 million funding initiative to support developers building open-source AI, with grants and investments available for projects ranging from AI models and agents to infrastructure, datasets, evaluations, and consumer applications.

The program is open to both individual developers and established teams, encouraging builders at every stage to develop AI that is transparent, locally deployable, and accessible without relying on centralized providers.

The initiative aims to accelerate the open AI ecosystem by funding projects that expand the Sentient Stack and advance privacy-preserving, open-source AGI development.

👉 x.com/sentient_found/status/2070145001443729507?s=20

Uniswap Launches DualPool Hook for Yield on Idle Liquidity

Uniswap has released DualPool, an audited, open-source hook for Uniswap v4 that lets liquidity providers earn yield on idle capital while still collecting swap fees, built in collaboration with Spark and developed by Uniswap Labs.

The hook works by parking pool capital in ERC-4626 yield vaults between trades, then pulling exactly what's needed into concentrated liquidity positions the moment a swap arrives, executing atomically, and re-depositing the remainder back into the vaults — all within the same block and without any keeper infrastructure.

Spark will operate the largest DualPool deployment, migrating $150 million in stablecoin liquidity to it, with a livestream today at 2 p.m. ET featuring Uniswap founder Hayden Adams.

The hook has been audited by OpenZeppelin with no critical or high severity findings, and any team can now deploy their own DualPool to start earning on both active and idle assets.

👉 x.com/Uniswap/status/2079928526501785911?s=20

Uber Founder Travis Kalanick Raises $1.7B for Atoms Industrial AI Venture

Travis Kalanick has announced a $1.7 billion equity investment into Atoms, his industrial AI venture, led by Andreessen Horowitz, with a16z partner Ben Horowitz joining the board. As part of the round, Kalanick's various businesses have been merged into a single Atoms equity structure.

Atoms targets heavy industries like food, mining, construction, and transport with specialized robotics and automation, framing manufacturing as the "CPU," real estate as "storage," and transportation as the "network" — extending the same bits-to-atoms thesis Kalanick pursued at Uber and later at CloudKitchens.

Kalanick frames the round as unfinished business, having nearly partnered with Andreessen Horowitz back in 2011 during his Uber days.

The round also brought in equity partners including Bain Capital, Uber, Fifth Wall, and SV Angel, alongside debt partners Bank of America, Goldman Sachs, Wells Fargo, JP Morgan, and Barclays, positioning Atoms as a major bet on Industrial AI powering the next wave of automation across trillion-dollar physical economy sectors.

👉 x.com/travisk/status/2079997954363117844?s=20