Polylog
The Polylog Crypto Intelligence Brief

Morning Edition · Saturday, July 25, 2026

Zilliqa Halts Native Transfers After a Seven-Year Ledger Flaw Lets Attackers Rebuild Private Keys

Crypto

Zilliqa Halts Native Transfers After a Seven-Year Ledger Flaw Lets Attackers Rebuild Private Keys

A biased signing nonce in the Ledger app means about five signatures from one key are enough to rebuild that key using lattice-reduction mathematics within seconds. The network says exploitation began on July 19.

3 sources
Corroborated
Aztec Activates Alpha V5 on Ethereum Mainnet, Cutting Private Transaction Proving to About 2.5 Seconds

Tech

Aztec Activates Alpha V5 on Ethereum Mainnet, Cutting Private Transaction Proving to About 2.5 Seconds

Token-holder governance executed the upgrade on-chain, roughly halving private-transaction cost and moving confidential execution closer to consumer hardware as privacy layer-2s compete for institutional use.

3 sources
CLARITY Act Loses Momentum as Thune Doubts a Pre-Recess Vote and Fidelity Presses the Senate

Crypto

CLARITY Act Loses Momentum as Thune Doubts a Pre-Recess Vote and Fidelity Presses the Senate

Republicans added new provisions barring presidential crypto profits, Democrats rejected the ethics text within hours, and Goldman Sachs diverged from other large banks over the bill's reach.

3 sources
Corroborated
Strategy Publishes the Bitcoin Return Below Which Its Debt Coverage Breaks: Minus 11.34 Percent a Year

Markets

Strategy Publishes the Bitcoin Return Below Which Its Debt Coverage Breaks: Minus 11.34 Percent a Year

Michael Saylor's firm replaced its net-asset-value gauge with bitcoin-native solvency metrics covering nearly $19 billion of debt and preferred claims as its STRC preferred trades below par.

3 sources
European Union Sanctions a Russia-Linked Stablecoin Network That Processed About $120 Billion

Geopolitics

European Union Sanctions a Russia-Linked Stablecoin Network That Processed About $120 Billion

The bloc's 21st package designates 14 crypto platforms tied to the A7 network and claims a new power to ban crypto services from entire third countries that enable sanctions evasion.

2 sources
Corroborated
DeFi Loss Streak Continues as Oracle, Governance, and Signature Attacks Drain Tens of Millions in July

Crypto

DeFi Loss Streak Continues as Oracle, Governance, and Signature Attacks Drain Tens of Millions in July

Ostium lost about $18 million to a compromised price oracle, BonkDAO around $20 million to a hidden governance clause, and Bonzo Finance roughly $9 million, part of a month running near $57 million in thefts.

3 sources
FBI Used a Bitcoin Trail, Google Cookies, and 500 Food Orders to Unmask a Malware Financier

Crypto

FBI Used a Bitcoin Trail, Google Cookies, and 500 Food Orders to Unmask a Malware Financier

A federal complaint shows how on-chain forensics combined with ordinary web and delivery records to identify the alleged funder of a Steam malware campaign, despite the use of a Monero seed phrase.

1 source
World Foundation Raises $52.5 Million to Scale Proof-of-Human Verification as Deepfake Fears Grow

Tech

World Foundation Raises $52.5 Million to Scale Proof-of-Human Verification as Deepfake Fears Grow

The Sam Altman-backed identity project, led by Pantera Capital in a locked token sale, is pushing its Orb-based verification into enterprise software and AI-agent workflows.

2 sources
Brazilian Dairy Farmers Tokenize Their Cows to Borrow Around Bank Lending Limits

Crypto

Brazilian Dairy Farmers Tokenize Their Cows to Borrow Around Bank Lending Limits

Smart collars stream herd-health data on-chain to deter fraud, letting local agricultural businesses secure livestock-backed loans that traditional credit limits would block.

1 source
Bitcoin ETF Buying Streak Ends With $225 Million in Outflows, Led Almost Entirely by BlackRock

Markets

Bitcoin ETF Buying Streak Ends With $225 Million in Outflows, Led Almost Entirely by BlackRock

BlackRock's iShares Bitcoin Trust accounted for about 90 percent of the July 23 redemptions, even as Morgan Stanley's newer fund kept taking in fresh cash toward $400 million in assets.

2 sources
Robinhood Chain Draws Launchpad Funding as Its Value Secured Jumps Even in a Weak Market

Crypto

Robinhood Chain Draws Launchpad Funding as Its Value Secured Jumps Even in a Weak Market

Token-launch platform Memecoin.Fun raised $3.5 million as the brokerage-owned network's value secured rose about 20 percent in a week, against declines across most other layer-2s.

2 sources
Kazakhstan Will Fund a National Crypto Reserve With a Cut of Miners' Output

Geopolitics

Kazakhstan Will Fund a National Crypto Reserve With a Cut of Miners' Output

A July 18 resolution grants strategic miners up to ten-year electricity contracts in exchange for transferring part of their mined coins to a state reserve managed by the central bank's investment arm.

2 sources
Corroborated