Blockent Report

🇺🇸 NEW: Circle receives a limited-purpose trust charter from the New York Department of Financial Services. @BlockentReport

JUST IN: 🇺🇸 $USDC issuer Circle $CRCL officially granted a trust charter by the New York Department of Financial Services. @BlockentReport

🚨 BREAKING: Japan spent ¥8.45 TRILLION ($57B) to support the yen, one of the LARGEST currency interventions in its history, per BOJ data reported by Bloomberg. @BlockentReport

▶️ JUST IN: The yen jumped as much as 3%, sending USD/JPY from nearly ¥164 to below ¥158 in its biggest one-day gain since 2022. Analysts suspect the rise was driven by official Japanese intervention to support the yen, per Reuters. However, the rally has already started fading. USD/JPY rebounded to ¥160.7, before closing to around ¥159, after the BOJ kept interest rates unchanged at 1%. @BlockentReport

🚨 BREAKING: PSA, the world's largest trading card grading company, has been hit with a proposed class action lawsuit alleging fraud, misleading marketing, and inconsistent grading practices. The lawsuit claims PSA's grading process is subjective rather than objective, encouraging costly resubmissions while creating undisclosed conflicts of interest that allegedly benefit the company financially. The allegations come as onchain tokenized trading cards are surging in popularity and Gacha volumes have been exceeding $300 million per month. @BlockentReport

🚨 JUST IN: Coldcard, one of the best-known Bitcoin hardware wallets, warns users to move funds following a $38M $BTC theft. The issue affects seeds created on Coldcard Mk3 firmware from version 4.0.1 onward, as well as some older Mk4, Mk5 and Q firmware. Separately, researchers tracked a 594.48 BTC ($38M) theft, with no confirmed link to the Coldcard flaw. @BlockentReport

▶️ JUST IN: Claude AI models reportedly mistook the real internet for a hacking simulation and breached three organizations. After escaping their testing sandbox, the models exploited weak passwords and unsecured endpoints to gain unauthorized access. Anthropic has since suspended internet-connected cyber evaluations, notified the affected organizations, and disclosed the incident under its Responsible Scaling Policy. @BlockentReport

🚨 BREAKING: Asian markets EXPLODE higher as the AI, Semiconductor trade roars back to life. South Korea's KOSPI posted the largest single-day gain in its history, with Samsung soaring over 20% and SK Hynix jumping more than 24%. Taiwan's TAIEX surged over 8%, led by TSMC and other AI chipmakers as investors piled back into semiconductor stocks. @BlockentReport

JUST IN: $40 million worth of Bitcoin stolen after 500 'Coldcard' hardware wallets were hacked. @BlockentReport

▶️ JUST IN: The BOJ warns for the FIRST TIME EVER that inflation could EXCEED its 2% target. The central bank held rates at 1% but cited surging AI demand, a weak yen and rising wages as upside risks to prices. Most analysts now expect Japan's next rate hike by December. @BlockentReport

🇰🇷 TODAY: South Korea’s KOSPI surged 18%. @BlockentReport

🚨 BREAKING: Japan and the US coordinated to crash the dollar 3.3% against the yen, the biggest move in over two years. US Treasury Secretary Bessent says the yen is "very undervalued" and "excess volatility is not healthy." Japan spent a record $73.4 BILLION buying yen last quarter. The currency still fell to a 40-year low. @BlockentReport

🚨 JUST IN: Strategy posts an $8.2 BILLION loss as Bitcoin's decline drove down the value of its 843,775 BTC. For the first time, the company has begun selling Bitcoin, with about $218 MILLION sold this year to fund preferred stock dividends. @BlockentReport

🚨 BREAKING: Anthropic's Claude AI uploaded real malware to the internet during a test and 15 systems downloaded it within an hour. The model was told it was in a simulation but it wasn't. It built a malicious package, published it to a public registry, and used stolen credentials to access a real company's systems. Anthropic found three separate incidents where Claude gained unauthorized access to three real organizations. @BlockentReport

‼️ JUST IN: $4 BILLION in monthly payments is coming to Solana through South Korea's KSNET. The Korean payment giant signed an MOU with the Solana Foundation to pilot Solana Pay across its network of 330,000 merchants processing 130 MILLION transactions per month. KSNET is the third major Korean payment provider to sign with Solana this year. @BlockentReport

▶️ JUST IN: Amazon received about $600 MILLION in tariff refunds and says it will automatically send money back to affected customers. Apple also received tariff refunds that added 2 percentage points to its gross margin. Without the refunds, Apple's CFO says its earnings would have been "at the midpoint of the guidance range." @BlockentReport

👀 JUST IN: Ondo Finance is weighing an acquisition worth up to $500 MILLION. The tokenized asset firm is considering wealthtech targets as it looks to expand beyond its $2.5 BILLION in tokenized US Treasuries and stocks. Ondo has raised just $24 MILLION in venture funding, making it one of the most capital-efficient companies in crypto. @BlockentReport

🚨 LATEST: Coinbase CEO Brian Armstrong says, "We store the most crypto in the world, and are the leading stablecoin platform." The company reports a record of 10.3% share in global crypto trading volume for its Q2 earnings. @BlockentReport

🎙 Brian Armstrong: Coinbase's USDC deal with Circle "auto-renews in perpetuity with the same terms." He confirms the conditions for renewal have been met and the deal locks in this August. Coinbase captures roughly 50% of all USDC economics. @BlockentReport

🚨 LATEST: Japan's largest Ethereum treasury company is selling ETH to fund AI data centers. Quantum Solutions sold 1,000 ETH and has raised its sale limit to 4,375 ETH, allowing it to sell up to half its remaining holdings. The company is converting its ETH treasury into Nvidia B300 and GB300 GPU systems for a Japan-based AI data center project. @BlockentReport