The Office of the Comptroller of the Currency denied Wise's national trust bank application on July 21, citing anti-money laundering deficiencies that had recurred across multiple regulatory proceedings. Wise confirmed on July 24 it will file a new application under the federal stablecoin framework created by the GENIUS Act.
Read full article →The former world's largest Bitcoin mining pool filed for bankruptcy in New Jersey on July 23, putting two Texas mining sites up for sale at a combined floor price of $52 million against total liabilities more than three times that figure.
President Tinubu signed the Presidential Executive Order on Virtual Assets Coordination, 2026 on July 17, consolidating regulatory authority across five agencies and mandating implementation guidance within 30 days.
The global stablecoin market has crossed $320 billion in total capitalization as of mid-July 2026, with Tether's USDT holding nearly 59% of that figure and Circle's USDC, at around $77 to $78 billion, accounting for the bulk of the remainder. The rankings reflect both consolidating market power at the top and mounting regulatory pressure worldwide, with consequences that are already being felt by users from Lagos to Bengaluru.
For 576 million users worldwide, the stability of a stablecoin is not a technical curiosity. It is the difference between a reliable savings tool and a trap.
LAGOS, July 24, 2026.
Vlad Tenev's social media account was apparently compromised on July 23, 2026 and used to promote a memecoin called "Vladhood," according to The Block. Crypto security monitors flagged the token as a scam. The incident is the latest in a string of X account hijackings targeting Robinhood Chain, a network Tenev launched just over three weeks ago to host tokenized financial assets.