Polylog
The Polylog Crypto Intelligence Brief

Morning Edition · Monday, July 13, 2026

Cantor and Adam Back Abandon Original Terms of 30,021-Bitcoin Treasury Merger

Crypto

Cantor and Adam Back Abandon Original Terms of 30,021-Bitcoin Treasury Merger

The scrapped financing package, alongside a 95% collapse in Eric Trump's American Bitcoin, exposes the funding strain in debt-and-preferred Bitcoin treasury vehicles.

3 sources
Forged Oracle Signature Drains $9.05 Million From Hedera's Largest Lender

Crypto

Forged Oracle Signature Drains $9.05 Million From Hedera's Largest Lender

A flaw in a third-party Supra oracle accepted a zeroed cryptographic signature as valid, inflating a token's price by twelve orders of magnitude and letting the attacker borrow far beyond collateral.

1 source
Bitcoin's BIP 110 Anti-Spam Fork Nears Its Deadline With Zero Miner Support

Crypto

Bitcoin's BIP 110 Anti-Spam Fork Nears Its Deadline With Zero Miner Support

Michael Saylor, Adam Back and others warn that turning a dispute over arbitrary on-chain data into a consensus fork poses a larger risk than the data it targets.

1 source
Privacy Layer-2 Networks Reframe Confidential Execution as an Institutional Requirement

Tech

Privacy Layer-2 Networks Reframe Confidential Execution as an Institutional Requirement

Aztec and Miden publish detailed accounts of how their transactions hide sender, receiver and amount while remaining verifiable, arguing privacy is a prerequisite for serious on-chain use.

3 sources
Ethereum Researchers Probe Sybil Attacks on a Proposed Censorship-Resistance Design

Tech

Ethereum Researchers Probe Sybil Attacks on a Proposed Censorship-Resistance Design

A new analysis argues an inclusion-list scheme meant to keep transactions from being censored could itself be gamed by attackers spinning up fake identities.

1 source
Stablecoin Supply Contracts About $10 Billion From May Peak

Crypto

Stablecoin Supply Contracts About $10 Billion From May Peak

June alone shed $7.7 billion, by CoinDesk's account the largest monthly dollar decline since the Terra collapse in 2022, as Tether and USD Coin both shrank.

2 sources
Japan Pairs State Web3 Backing With Its First Point-of-Sale Stablecoin Trial

Crypto

Japan Pairs State Web3 Backing With Its First Point-of-Sale Stablecoin Trial

Prime Minister Sanae Takaichi endorsed startup funding and rule changes at WebX 2026 as convenience-store operator Lawson prepares an August test of the JPYC yen stablecoin at checkout.

2 sources
Interpol Traces $122 Million Through a Single Wallet in Global Fraud Sweep

Crypto

Interpol Traces $122 Million Through a Single Wallet in Global Fraud Sweep

The operation resulted in 5,811 arrests and showed how cross-chain token swaps complicate tracing scam proceeds across services, assets and borders.

1 source
Seized Crypto Moves From a Prisoner's Wallets, and a DeFi Loss Roundup

Crypto

Seized Crypto Moves From a Prisoner's Wallets, and a DeFi Loss Roundup

The US Justice Department secured a forfeiture order but not the private keys, and coins moved to unknown wallets, while the security tracker Rekt records another series of protocol losses.

2 sources
Draft of the Clarity Act Said to Be Near, but Obstacles Remain

Crypto

Draft of the Clarity Act Said to Be Near, but Obstacles Remain

Multiple sources told CoinDesk a fresh version of the US market-structure bill could appear this week, testing how far crypto's political spending translates into law.

1 source
Bitcoin Holds Near $63,800 as Fourth Round of US Strikes on Iran Moves Other Markets

Geopolitics

Bitcoin Holds Near $63,800 as Fourth Round of US Strikes on Iran Moves Other Markets

Gold, oil, stocks and bonds reacted sharply to the escalation and Tehran's renewed closure of the Strait of Hormuz, while Bitcoin and ether were little changed.

2 sources
Corroborated
Ripple's CEO Says the Company Once Weighed Shutting Down and Handing XRP to Shareholders

Crypto

Ripple's CEO Says the Company Once Weighed Shutting Down and Handing XRP to Shareholders

Brad Garlinghouse's disclosure lands as XRP futures positioning drops by about $700 million and spot ETFs record net outflows, even while the XRP Ledger builds an institutional pipeline.

2 sources