🚨 BREAKING: THORChain Suffers $10M Exploit Across Bitcoin, Ethereum, BSC, Base Chains

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🚀 Future Prospects of the CLARITY Act: Grayscale Highlights Key Challenges

🗣 The CLARITY Act, a bipartisan cryptocurrency market bill, has gained momentum after a Senate committee vote (15 in favor, 9 against). However, Grayscale points out that the bill still faces several hurdles. It must be consolidated with another Senate bill and reconciled with the House version before it can proceed.

🔔 On May 15, Grayscale Investments shared insights on the future of the CLARITY Act following its approval by the Senate Banking Committee. Two Democrats joined Republicans in supporting the bill, ensuring bipartisan backing for the more challenging full Senate review.

The CLARITY Act has overcome a key hurdle in the Senate Banking Committee thanks to a bipartisan vote,

said Zak Pandl, Grayscale's head of research.

🔗 The next step involves consolidation. The CLARITY Act must be merged with the Digital Commodities Intermediary Act (DCIA), which passed through the Senate Agriculture Committee on a party-line vote (12-11) on January 29. This combined Senate package also needs to align with the House's version of the CLARITY Act passed last July.

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🚨 XRP News: Wall Street Giant Morgan Stanley Reveals XRP Exposure

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🚨 Breaking: Ripple Affiliate SBI Launches Solana Trading & Custody Services

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🚨 Breaking: Metaplanet Reveals New Corporate Acquisition To Offer Bitcoin Yield Products

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🔔 Bittensor validator warns Root Reborn proposal carries “substantial” risks

❗️ The proposal, currently under review and not yet active on mainnet, would overhaul how root staking rewards are handled. Under the existing system, root dividends are effectively paid by automatically converting subnet alpha emissions back into TAO. The new design would stop those automatic sales.

➡️ Instead, validators would set allocation weights across subnets. Root emissions would then be deployed into validator-selected baskets of subnet tokens, with stakers receiving redeemable claims on those positions rather than direct TAO rewards.

📣 The proposal states that the change would reduce automatic sell pressure on subnet assets and make validator allocation decisions a more important part of the network economy. It would also introduce new tools to track validator basket net asset value, subnet allocations, staker liabilities, and network-wide basket performance.

🚨 XRP Ledger Yield Protocol Accused of Using XRP Liquidity To Fuel Insider Profits

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🔔 What Is zkTLS? Web Proofs Explained

➡️ Blockchains are excellent at verifying what happens on-chain and nearly blind to everything else. zkTLS, a family of protocols also called web proofs, lets anyone prove facts from an ordinary HTTPS session, a bank balance, a driver rating, a loyalty tier, without revealing the underlying data or asking the website for permission. Here is how it works, who is building it, and where the trust assumptions hide.

🌐 Crypto has a data problem that predates every bull market narrative. Smart contracts can verify a token transfer with mathematical certainty, but they cannot see a payroll deposit, a university diploma, an Uber rating, or a frequent flyer tier. All of that information lives behind the login walls of Web2 platforms, reachable only through official APIs that are limited, revocable, and priced at whatever the platform decides. Oracles solved a narrow slice of this, mostly public price feeds, and were never designed to carry personal data.

🔖 zkTLS is the attempt to solve the rest of it. The idea is simple to state and hard to engineer: take the secure connection your browser already makes to any website, and turn what you see in that session into a cryptographic proof that anyone can verify, without exposing your password, your session, or the raw data itself. If it works at scale, every piece of information behind every login on the internet becomes portable, provable, and usable on-chain.

🚨 XRP News: Ripple Co-Founder Chris Larsen Invests in New Crypto Perpetuals Exchange

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❗️ The SecondFi recovery: 16 million stolen ADA and crypto’s restitution experiment

📊 An exploit drained roughly 16 million ADA, about $2.4 million, from 374 Cardano wallets in late June. What happened next is the interesting part: EMURGO, one of Cardano’s founding entities, announced a recovery path to return the assets within two weeks, while an independent forensic team including Mt. Gox veterans published competing findings. Crypto has spent fifteen years insisting stolen funds are gone forever. Cardano is running a live experiment in whether that has to be true, and every chain is watching the precedent.

➡️ Between June 21 and 23, an exploit connected to a protocol called SecondFi drained approximately 16 million ADA, worth about $2.4 million, from 374 addresses on Cardano. As crypto thefts go, it barely registers: the industry loses that much most weeks, and 2026’s running total makes $2.4 million a rounding error. The theft is not the story.

📣 The story is the response. Within days, EMURGO, the commercial arm among Cardano’s founding entities, announced it had identified a recovery path for affected users and would begin returning assets within roughly two weeks, one week to build the recovery mechanism and one to test it. Simultaneously, an independent forensic team, Tibane Labs, whose personnel include investigators from the Mt. Gox case, crypto’s original catastrophic theft, published a competing analysis of what actually happened, disputing elements of the official account.

🚨 Paul Grewal Bids Farewell to Coinbase After Landmark SEC Win & CLARITY Act Push

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🔔 Japan logistics giant plans JPYC payments for 2,300 partners

➡️ Japanese logistics group AZ-COM Maruwa Holdings plans to introduce the yen-backed JPYC stablecoin for payments to about 2,300 partner carriers and independent drivers, according to a Nikkei report cited by Crypto Briefing. The move is “expected to become Japan’s first large-scale corporate use of JPYC.”The company also plans to invest ¥1 billion in JPYC and form a business partnership with the stablecoin issuer. The rollout would move JPYC beyond retail tests and crypto services into routine business payments across a large logistics network.

⚠️ The reported ¥1 billion investment also ties the logistics group directly to JPYC’s growth. The companies have not yet disclosed a detailed rollout schedule or explained how each partner will receive, hold or convert the tokens. Those operating details will determine how widely drivers and carriers use JPYC instead of immediately redeeming it for yen.

📣 JPYC began issuing its regulated yen-backed stablecoin on October 27, 2025. The token maintains a one-to-one link with the yen and uses bank deposits and Japanese government bonds as reserve assets. It operates on public blockchain networks and can be issued or redeemed through JPYC EX.

❗️ Evernorth updates SEC filing for $1B XRP treasury

⚠️ Ripple-backed Evernorth Holdings has amended its SEC registration statement after finalizing employment terms for three senior executives as it works toward a Nasdaq listing and a planned $1 billion public XRP treasury.Each executive is eligible for an annual bonus equal to 50% of their base salary. The compensation packages also include restricted stock units and employee benefits, according to the amended Form S-4.

🔖 Jonas would receive an initial equity award valued at approximately $4.5 million. Shah and Nakamura would each receive an award worth about $2.8 million. The awards fall under Evernorth’s 2026 Omnibus Incentive Plan. They remain subject to shareholder approval and authorization from the compensation committee of the company’s board, meaning the disclosed amounts have not yet become unconditional payouts.

📣 The agreements complete the company’s disclosed compensation arrangements for its main leadership team. Evernorth had previously finalized employment terms for CEO Asheesh Birla and chief financial officer Matt Frymier. Frymier’s agreement included a base salary, annual bonus eligibility and an equity award valued at about $5.6 million. Evernorth also disclosed $750,000 restricted stock unit awards for executives, subject to board committee and shareholder approval.

🚨 Breaking: Senator Lummis Confirms CLARITY Act Senate Floor Vote Next Week Ahead August Recess

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