Latest news by Karthik Subramanian
HTX rotates wallets every few hours to dodge UK screening
The sanctioned exchange HTX has been retiring and replacing its hot wallets every few hours across four blockchains since the United Kingdom designated it in May 2026, according to blockchain intelligence firm TRM Labs —…
BIS finds stablecoin flows shrug off capital controls
The Bank for International Settlements (BIS) has published the empirical case for something emerging-market central bankers have been describing anecdotally for two years: dollar stablecoin flows do not respond to capital controls, while foreign-currency bank…
Grayscale files for a Worldcoin ETF as WLD sits 97% off its high
Grayscale filed a Form S-1 with the Securities and Exchange Commission on July 20, 2026 to launch a spot Worldcoin ETF on Nasdaq under the ticker GWLD — a wrapper for a token that trades…
DTCC runs first live tokenised trades with 30+ Wall Street firms
The Depository Trust & Clearing Corporation (DTCC) has processed its first live tokenised trades in US equities, Treasuries and repos, pulling more than 30 of the largest names on Wall Street onto blockchain settlement rails…
Australia ends the 50% crypto CGT discount from July 2027
Australia is removing the 50% capital gains tax discount that has applied to assets held longer than 12 months, replacing it from July 1, 2027 with cost-base indexation and a minimum 30% rate on capital…
SBI closes Coinhako deal as JPYSC stays locked to one venue
SBI Holdings closed its majority acquisition of Singapore crypto platform Coinhako on July 16, 2026 after clearing Monetary Authority of Singapore (MAS) approval, and the strategic pitch is a Japan–Southeast Asia settlement corridor running on…
Allbridge loses $1.65m to the same flaw that hit it in 2023
Allbridge Core lost $1.65 million on Sunday to a flash-loan attack that manipulated the ratio between two stablecoins inside its own liquidity pools — the same class of exploit that took roughly $570,000 from the…
Bitcoin to $58,000 by Q3 2026: the ETF flow-gap case
Bitcoin reaches $58,000 by September 30, 2026 in the base case, $72,000 in the bull case, and $48,000 in the bear case. The base case rests on a flow recovery that has recouped roughly 2%…
Swift ledger goes live with 17 banks on tokenised deposits
Swift's blockchain ledger is live with 17 banks across six continents preparing tokenised cross-border payments, and the architectural choice underneath it is the part institutional treasurers should read closely: this is an orchestration layer, not…
HSBC clears Gate 2 to run live UK digital gilt rails
HSBC has become the first firm cleared by the Bank of England to conduct regulated activity with live financial instruments inside the UK's Digital Securities Sandbox (DSS), and the detail that matters for institutional desks…