Central banks are dividing digital money into currency blocs, while hackers drain $357 million from Bitget. Crypto Recap No. 164
Week 40, September 21–27, 2026 Key cryptocurrencies closed in the green. Over the past week, central banks promoted their own currencies. The Fed and the ECB are drafting rules for stablecoin issuers....
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In Japan, government bonds will be tested as digital collateral on the Canton network.
The Japan Securities Clearing Corporation (JSCC), part of the Japan Exchange Group (JPX), is launching a pilot project. This project is being implemented in collaboration with Mizuho Financial Group (...
Kraken's parent company, Payward, is acquiring the regulated CFTC exchange Bitnomial.
The deal is set to be completed in the first half of 2026 for $550 million, in a mix of stocks and cash. As part of the acquisition, Payward's equity value was estimated at $20 billion. Bitnomial is t...
Circle has introduced the USDC Bridge for transferring stablecoins between different blockchains.
The product is based on the company's technology, CCTP, which was launched in April 2023. It facilitates the transfer of hundreds of millions of stablecoins daily. The USDC Bridge will have a built-in...
The co-founder of DeFiLlama (0xngmi) outlined possible scenarios following the breach of Kelp DAO:
1) Distributing the losses among all users. A haircut of 18.5% would result in $216 million of bad debt in Aave. The Umbrella module's insurance coverage is $55 million, Aave's treasury is $85 million...
Hack of Kelp DAO for $293 Million Causes $13.8 Billion DeFi Collapse
North Korean hackers from Lazarus compromised one of the largest ETH staking protocols with a TVL of $1.6 billion, rsETH (issued by Kelp). Following the hack, the attackers withdrew 116,500 rsETH ($29...
Tether Joins Drift Protocol's $150 Million Recovery Program
The company will provide $127.5 million, with the remainder coming from unnamed partners. As part of the platform's relaunch, Drift will also switch its settlements from USDC to USDT. Tether stated th...
Ukraine Arrests FBI-Wanted Cybercriminal with $11.1 Million Seized
The man lived in Uzhgorod under a new identity after obtaining fraudulent death documents. He was part of an international group that inflicted damage of over $100 million on citizens of Europe and th...
Sanctioned Russian crypto exchange Grinex suspends operations following a 1 billion ruble hack
Company representatives blamed the incident on special services from "unfriendly countries." Grinex estimated the damage at 13.7 million USDT. The stolen funds from 54 addresses were converted into TR...
An advisor to the European Commission stated that the EU might reconsider MiCA.
Peter Kerstens noted that during the adoption of the bill, a few large assets dominated the crypto market. However, the ecosystem has matured, and policymakers need to reassess the concept's alignment...
Weekly Recaps
In-depth analysis Central banks are dividing digital money into currency blocs, while hackers drain $357 million from Bitget. Crypto Recap No. 164
Week 40, September 21–27, 2026 Key cryptocurrencies closed in the green. Over the past week, central banks promoted their own currencies. The Fed and the ECB are drafting rules for stablecoin issuers....
Clarity Act got stuck in the Senate after a 49-to-50 vote. The rules are now in the hands of the CFTC and SEC. Crypto Recap No. 163
Week 39, September 14–20, 2026 The bill that two parties spent two years drafting failed to secure enough votes in the Senate. Market rules remain with the agencies that the bill was meant to define....
Nasdaq paid $100 million for a stake in Kraken, Seoul set a date for tokenization, and Biden’s son’s memecoin fell 25-fold in half an hour. Crypto Recap No. 162
Week 38, September 7–13, 2026 This week, the crypto market split into two strong currents, united by their resemblance to traditional finance: the adoption and integration of the commercial and public...
BIS chief called stablecoins unsuitable for mass payments — the same week, 21 financial institutions from Goldman Sachs to UBS created their issuer. Crypto Recap No. 161
Week 37, August 31 – September 6, 2026 The infrastructure of digital money is being divided up by banks, exchanges, and regulators. The world’s largest financial institutions have joined forces to lau...
BankChain Alliance: banks have taken crypto infrastructure into their own hands. Investors do not believe in the passage of Clarity in 2026. Crypto Recap No. 160
Week 36, August 24–30, 2026 Key cryptocurrencies continued to rise after the explosive surge in mid-to-late August. Investors note that BTC gained 20% over the month on low trading volumes, comparable...
The market added more than $400 billion in two days: Trump gathered crypto exchanges to discuss the Clarity bill. Crypto Recap No. 159
Week 35, August 17–23, 2026 The crypto market priced in the political signal before the law itself. Over two days, market capitalization rose by more than $400 billion. However, the bill never made it...
The odds of a crypto bill in the U.S. have fallen to 18%. Regulators and courts have stopped waiting for it. Crypto Recap No. 158
34th week, August 10–16, 2026 U.S. crypto market regulation has moved from Congress to agencies and courts. Lawmakers went on recess without passing a sector-specific bill. Supervisory authorities are...
Washington has paused work on crypto legislation until the fall. BlackRock launched blockchain funds worth $311 billion. Crypto Recap No. 157
Week 33, August 3–9, 2026 Politics and crypto market infrastructure are moving at different speeds. The U.S. Senate has suspended work on a key crypto bill until the fall. The U.S. Treasury Secretary’...
Federal court protects prediction markets from states. New York demands $36 billion from Kalshi. Crypto Recap No. 156
Week 32, July 27 – August 2, 2026 The week was marked by mixed and unexpected developments. A federal court is defending prediction markets against state regulators, while “old players” are shutting d...
US crypto law bars the president from issuing tokens while Gemini transfers $10 million in BTC to Trump’s committee. Crypto Recap No. 155
Week 31, July 20–26, 2026 Crypto legalization in the US has stalled over restrictions on officials. The Senate published the final version of the Clarity Act with a ban on officials issuing tokens. Th...
While governments are drawing up tokenization roadmaps, Citadel invested $400 million in a Trump-backed crypto exchange. Crypto Recap No. 154
Week 30, July 13–19, 2026 The week ended positively for crypto — support for it among state regulators is growing. The US and UK Treasury departments presented a joint roadmap for digital asset develo...
Crypto is becoming banking infrastructure — while Trump makes $1.4 billion from it and retail investors lose $3.8 billion. Crypto Recap No. 153
Week 29, July 6–12, 2026 This week cemented crypto within the framework of regulated finance on both sides of the Atlantic. Swift launched a pilot for tokenized deposits with 17 banks, Europe continue...
MiCA left 244 companies alive out of 3,000. Visa and BlackRock are printing their own dollar. Crypto Recap No. 152
Week 28, June 29 – July 5, 2026 The week closed the regulatory perimeter on both sides of the Atlantic. On July 1, Europe cut off platforms without a MiCA license — the market went through a cleanup w...
A week before the MiCA deadline, Europe is set to cut off 80% of exchanges — while a record $6.4 billion exits BTC-ETF. Crypto Recap №151
Week 27, June 22–28, 2026 The crypto industry is being built into a regulated infrastructure as capital exits. A week before July 1, Europe is preparing to cleanse exchanges without MiCA, and the Bank...
Crypto is being integrated into the banking standard—while the CFTC fends off states and CME for the right to regulate it. Crypto Recap №150 Week 26, June 15–21, 2026
This week, the crypto market was reduced to a single contradiction: the market has matured enough for institutional involvement, yet its rules are written haphazardly and through court battles. The Fe...
Betting markets and wallets for AI move into the institutional field—as the CFTC sues six states for the right to regulate them. Crypto Recap No. 149 Week 25, June 9–15, 2026.
This week highlighted the crypto market as a mature infrastructure now contested by regulators. Prediction markets received federal regulations and became the subject of jurisdictional battles. Paymen...
Corporate Bitcoin Treasuries Show Initial Cracks as JPMorgan and Mastercard Build Tokenization Rails. Crypto Recap №148 Week 24, June 2–8, 2026
The week divided the crypto market into two poles. On one side are public companies that have adopted the Strategy model: the first Bitcoin sale in three years, unrealized losses reaching tens of bill...
Prediction markets in the U.S. are advancing with Trump's support. Crypto Recap No. 147 Week 23, May 26 – June 1, 2026
This week sent crypto in two different directions. Regulation in the U.S. is no longer neutral – the White House and CFTC are clearing prediction markets for structures linked to the Trump family, whi...
Trump Introduces Crypto to the Federal Reserve, Iran Plans to Raise $10 Billion in BTC for Transit Through Hormuz. Crypto Recap №146 Week 22, May 19 – 25, 2026
U.S. authorities are integrating crypto into the traditional financial framework. Trump's executive order required the Federal Reserve to open master accounts for crypto firms. The CFTC defended feder...
Cryptocurrency is Being Written into U.S. Law — While the President’s Family Trades Coinbase and Only One Commissioner Remains at the CFTC. Crypto Recap No. 145 Week 21, May 12 – 18, 2026
The week distilled the crypto market to a single process — the U.S. government apparatus is integrating the sector into formal law. A Senate bill on market structure is moving forward with a hundred a...
Crypto Shifts to Infrastructure — Strategy Abandons Ideology, Wall Street Prepares Lawsuit. Crypto Recap №144
Week 20, May 5 – 11, 2026 This week marked the shift of cryptocurrencies into institutional payment and settlement systems. AWS integrated micropayments in USDC through the Coinbase x402 protocol for...
DeFi Covers Its $305 Million Gap — New York Court Turns Rescue into Sanctions Front Against North Korea. Crypto Recap No. 143
Week 19, April 28 – May 4, 2026 The week saw two mature processes and one new controversy. Regulators in the EU, UK, US, and Brazil are rewriting the framework for stablecoins and tokenized assets. Pr...
**DeFi Repairs $200 Million Hole Itself, Governments Simultaneously Open Sanction Floodgates and Mining Offshore: Crypto Recap #142**
**Week 18, April 20 – 27** The week marked a transition from shock to adaptation. Mantle, Lido, and Kulichov's personal fund gathered $87 million to cover Aave's deficit after the Kelp DAO hack, while...
While Lazarus zeros out DeFi by $13.8 billion, regulators, exchanges, and governments build crypto infrastructure. Crypto Recap #141 Week 17, April 13 – 20
The week unfolded with four simultaneous vectors. The Lazarus group hacked Kelp DAO for $293 million, causing the largest quarterly collapse of DeFi TVL by 14%, losing $13.8 billion. Meanwhile, Japan,...
Crypto is becoming infrastructure—simultaneously for American AML, Korean exchanges, and Iranian tankers. Crypto Recap No. 140 Week 15, April 7–13
The week highlighted that the crypto market is moving concurrently on four parallel trajectories. The American GENIUS finally received operational rules—stablecoins are transforming into banking infra...
Crypto Quietly Becomes Financial Infrastructure — While North Korea Withdraws $280 Million. Crypto Recap No. 139 Week 14, March 31 – April 6
The week highlighted two parallel processes: institutional and regulatory infrastructure is strengthening, while security threats and political activity in the crypto industry are intensifying. Strate...
Regulatory Architecture of the Crypto Industry Is Forming Faster Than the Market Can Reassess It
The week was marked by increased institutional pressure on the crypto market. Strategy announced plans to raise $44.1 billion, the SEC submitted digital asset classification rules, and the White House completed its review of crypto access to 401(k) plans.
The Crypto Market Is Becoming More Integrated Into the System While Global Finance Is in Turmoil
The most notable shift of the week is the accelerated institutionalization of crypto infrastructure through payments, trading, and market architecture.
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