News

Iran
2026-07-16 15:50:38

Iran says it has no hostile relationship with Gulf neighbors, urges safeguards against military use of territory

Iran’s Foreign Ministry said in a statement that countries on the southern coast of the Persian Gulf should take immediate steps to ensure their land, territorial waters, and airspace are not used for military action against Iran, warning that such moves could intensify regional tensions. The statement said Tehran does not want the United States and Israel to use the situation to deepen confrontation and mistrust among countries in the region. Iran also said it has no hostile relationship with neighboring states and repeated its view that lasting regional security can only come through stronger dialogue and cooperation among regional countries. The statement added that stability should be maintained without external military presence or outside interference. The report was cited by China Central Television News and carried by Odaily as a newsflash.

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Iran says it has no hostile relationship with Gulf neighbors, urges safeguards against military use of territory
Policy Regula
2026-07-16 15:47:22

Kalshi flags trades tied to Trump speech as CFTC probes teleprompter operator

A teleprompter operator is under investigation by U.S. federal regulators over alleged betting activity on prediction market platform Kalshi tied to the contents of President Donald Trump’s remarks, according to CNBC. Kalshi’s head of enforcement, Robert DeNault, said the platform’s monitoring team quickly flagged the trades after an internal review and referred the matter to the Commodity Futures Trading Commission, or CFTC. DeNault also said Kalshi is assisting the regulatory investigation and has already handed over evidence collected by the platform. The case puts fresh attention on how prediction markets monitor potential misuse of nonpublic information tied to political events and public appearances.

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Kalshi flags trades tied to Trump speech as CFTC probes teleprompter operator
Bitcoin
2026-07-16 15:45:50

Dormant Bitcoin Wallet Moves 5,907.56 BTC to a New Address

A Bitcoin wallet that had been inactive since late 2017 moved 5,907.56 BTC on Thursday, with the transfer valued at about $384 million. Data cited by Galaxy Research shows the coins were originally received on Dec. 14, 2017, and later moved in Bitcoin block 958217 at around 00:15 UTC. The firm estimated the position had gained roughly $286 million from an average acquisition price near $17,000, a return of 291%. The funds were sent to a previously unidentified wallet rather than a known exchange deposit address, and on-chain data did not indicate that the holder had sold the BTC. The transfer also shifted the coins from a legacy address beginning with “1” to a newer bc1q address format.

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Dormant Bitcoin Wallet Moves 5,907.56 BTC to a New Address
Bitcoin
2026-07-16 15:43:43

Dormant Bitcoin Whale Moves 5,907.56 BTC Worth $383.6 Million After More Than 8 Years

A Bitcoin wallet dormant since late 2017 became active on Thursday, moving 5,907.56 BTC worth about $383.6 million to a new address after more than 8.5 years. Galaxy Research said the coins were originally received on Dec. 14, 2017 and later transferred in Bitcoin block 958217 at around 00:15 UTC. The firm estimated the stash had gained roughly $285.5 million, or 291%, based on an average acquisition price of about $17,000 per Bitcoin. The receiving address was not identified as a known exchange deposit wallet, leaving no on-chain sign that the holder had sold the coins. Galaxy Research also linked the sending address to addresses examined in its earlier investigation into the Noah Doe litigation, a case involving an anonymous plaintiff seeking ownership of about 3.8 million dormant Bitcoin across more than 39,000 inactive addresses. The transfer also shifted the funds from a legacy address starting with "1" to a newer bc1q format that supports lower fees and newer wallet standards.

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Dormant Bitcoin Whale Moves 5,907.56 BTC Worth $383.6 Million After More Than 8 Years
Polygon Labs
2026-07-16 15:34:18

Polygon Labs cuts staff again as Coinme acquisition nears completion

Polygon Labs has announced another round of layoffs as it moves to close its acquisition of Coinme and fold that team into the company. CEO Marc Boiron said the cuts are tied to Polygon Labs’ shift from operating like a blockchain foundation to running as a blockchain-enabled payments company. He also framed the changes as part of a broader merger process intended to put the firm on a path to profitability in 2027. The company did not disclose how many employees were affected in the latest reductions. The move marks Polygon Labs’ second layoff round of 2026 after it cut about 60 staff in January, a step that was reportedly linked to its acquisition plans involving Coinme and Sequence. Boiron said Polygon Labs will provide severance and support, with some employees asked to stay on temporarily during the transition. In January, the company agreed to spend about $250 million to acquire Coinme, a crypto exchange founded in 2014, and Sequence, a wallet infrastructure firm, with both set to become core pieces of the Polygon Open Money Stack payments platform.

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Polygon Labs cuts staff again as Coinme acquisition nears completion
Dune
2026-07-16 15:33:07

Dune study for 1inch says 85% of concentrated liquidity capital went underused in H1 2026

A Dune Analytics study commissioned by 1inch found that an average 85% of concentrated-liquidity capital on decentralized exchanges was underutilized in the first half of 2026. Within that bucket, 29.5% sat fully outside the active price range, equal to roughly $542 million of idle capital in a typical week, while the broader underused share worked out to about $1.6 billion across the sample studied. Dune said out-of-range liquidity providers gave up around $150 million a year in fees, based on idle total value locked multiplied by the roughly 35% fee APR earned by in-range capital during the same period. The research reconstructed every position in about 200 of the most active pools across Uniswap v3, PancakeSwap v3, Aerodrome Slipstream and Uniswap v4, using onchain deposit and withdrawal history across 26 weekly snapshots on seven chains. Average TVL covered by the study was about $1.84 billion. The report said most idle capital sits in individual wallets rather than automated managers or bots, and argued that asset pairs and volatility explain the pattern more than venue choice. Even stablecoin pairs, Dune said, ran at around 30% out of range.

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Dune study for 1inch says 85% of concentrated liquidity capital went underused in H1 2026
Breez
2026-07-16 15:32:00

Breez, Turnkey team up to add non-custodial bitcoin to backend-run apps

Breez and Turnkey have announced a partnership aimed at a long-standing problem in consumer app design: how to add bitcoin to backend-run products without forcing the company to hold user keys. Under the setup described by the two firms, each user gets a wallet whose keys are created and stored inside Turnkey’s secure enclaves, while the app backend only holds a credential defining what it is allowed to do. The companies said the app server, Breez, and Turnkey cannot access those keys, and fund movement still requires user approval. The model is designed for large-scale applications that serve millions of users through a single backend. In the past, integrating bitcoin into that architecture often meant custodial risk, licensing obligations, legal exposure, and the security burden of storing user funds. The alternative—building a separate device-based wallet—could disrupt the architecture that helps those apps scale. According to Breez, the release is meant for exchanges, fintech firms, and neobanks that want to offer bitcoin and stablecoin services without taking custody of customer assets. The partnership also builds on a wider set of Breez SDK features, including Passkey Login, Stable Balance, and support for sending USDT and USDC.

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Breez, Turnkey team up to add non-custodial bitcoin to backend-run apps
X
2026-07-16 15:29:23

X tightens creator revenue-sharing rules, removes nearly 4,000 accounts and plans to return over $1 million to original creators

X is stepping up enforcement in its Creator Revenue Share program, with product executive Nikita Bier saying the platform has upgraded its anti-abuse systems to target engagement bait and copied content. Under the updated policy, accounts that post engagement-farming content three times or more — including prompts such as asking users to reply in exchange for follows — can be removed from the revenue-sharing program and referred to the policy team for additional action, including potential suspension. Bier said X is using Grok AI to identify the behavior and that nearly 4,000 accounts were removed from the monetization program on the day of the announcement alone. He also said X’s updated content-detection model can identify duplicate content at three times the previous rate. The company said creators will not earn from reposted material that has only been lightly altered, such as by adding a watermark, intro clip, or simple edits. The related monetization revenue will instead be returned to the original publisher. The same rule applies to copied high-traffic text posts. Bier said the current detection cycle found about 1.5 million pieces of stolen content, and X expects more than $1 million in revenue to be redistributed to original creators as a result of the cleanup.

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X tightens creator revenue-sharing rules, removes nearly 4,000 accounts and plans to return over $1 million to original creators