The Polylog Crypto Intelligence Brief

Morning Edition · Wednesday, July 29, 2026

Crypto

Senate Shelves CLARITY Act Before Recess as SEC Says It Will Write Crypto Rules Itself

Bitcoin fell about 3 percent to near 63,270 dollars as the market-structure bill received little Senate floor time, even as BlackRock, Fidelity and Goldman Sachs publicly endorsed it.

3 sources
Corroborated

Crypto

On-Chain Theft Reached 1.1 Billion Dollars in First Half as Reward-Vault Exploits Continue

Blockaid counted 212 incidents through June, with stolen keys now overtaking contract bugs, while fresh self-dealing attacks drained a token contract of about 605,000 dollars.

3 sources

Crypto

Ethereum Privacy Projects Reframe Confidentiality as the Condition for Banks to Go On-Chain

EthSystems spun out of the Ethereum Foundation to build privacy infrastructure for banks, as Aztec's Alpha V5 network cut private-transaction proving times by more than half.

3 sources

Tech

Anthropic Says Claude Found a Real Weakness in a Post-Quantum Signature Under US Review

The model broke a 256-bit version of the HAWK candidate in about 60 hours for roughly 100,000 dollars, and separately sped up an attack on a reduced version of the AES cipher.

2 sources
Corroborated

Crypto

A Single Anomalous Trade Crashed a Tokenized SK Hynix Perp 20% and Liquidated 57 Million Dollars

The oracle for Hyperliquid's HIP-3 market read a single off-exchange trade 30 percent below the prior close, and Trade.xyz says it will cover eligible losses.

3 sources

Tech

Ethereum Researchers Turn to Mechanism Design to Kill Oracle-Extractable Value at the Source

New proposals aim to eliminate the value that arbitrageurs extract from oracle updates through state synchronization, part of a shift toward coordination design as the field's frontier.

3 sources

Geopolitics

Russia's Central Bank Publishes Draft Crypto-Trading Rules Ahead of a Fall Framework

Digital-asset platforms would need to hold up to about 2.8 million dollars in liquid capital under depository rules that keep custody inside licensed institutions.

2 sources
Corroborated

Crypto

Ondo Abandons Its Public Tokenization Blockchain for a Private High-Speed Trading Network

The reversal powers the firm's new perpetual-futures platform and signals that some tokenization ventures prefer controlled venues to open, composable chains.

1 source

Crypto

ARK Researcher Expects More Crypto Bankruptcies and Shutdowns as Revenue Concentrates

Lorenzo Valente says falling volumes and rising compliance costs will push consolidation onto a shrinking group of dominant platforms.

1 source

Crypto

Federal Judge Blocks Minnesota's Prediction-Market Felony Law Days Before It Took Effect

Kalshi and Polymarket can keep serving Minnesota users while courts decide whether their event contracts are gambling or federally regulated derivatives.

1 source

Markets

Bitcoin Treasury Firms Keep Buying as a New Metric Reframes the Case for Preferred-Stock Buybacks

Core Scientific and Hyperscale added coins in the second quarter, while Strategy's STRC buyback math shifts the debate to net Bitcoin per share.

3 sources

Tech

Fake Wallet Apps and Seed-Phrase Malware Widen Crypto's Endpoint Attack Surface

A lawsuit says an App Store-promoted fake Bitcoin wallet stole 1.8 million dollars, while the SparkKitty malware harvests seed phrases from iOS and Android apps.

2 sources