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Showing posts with the label Cardano

London Stock Exchange Teams Up With Kraken Parent for Tokenized UK Stocks: FT

The London Stock Exchange Group (LSEG) is reportedly preparing to bring tokenized stock trading to its next-generation venue in partnership with Kraken’s parent company, Payward. The plan, described by Payward’s chief commercial officer Mark Greenberg in a Tuesday report, targets access to tokenized stocks that track major UK equity products starting in 2027. According to the Financial Times, the tokenized equities would be listed on LSE’s new night-time trading platform, LSE 24—an initiative designed to run 24/5 trading from Mondays through Fridays. LSE 24 was announced by the exchange operator on July 21. Key takeaways LSEG is moving tokenized equity exposure into a regulated trading venue, with Payward linked to the rollout. The targeted launch window for tokenized stocks tracking leading UK equities is 2027. Trading would take place on LSE’s planned 24/5 system (LSE 24), aimed at extending market hours versus traditional schedules. The announcement places London among sever...

London Stock Exchange Teams With Kraken Parent on Tokenized UK Stocks

The London Stock Exchange (LSE) and crypto exchange Kraken are reportedly moving toward tokenized stock trading on a new LSE night-time venue, a bid to make parts of UK equities markets available outside traditional market hours. According to the Financial Times, LSE will work with Kraken’s parent company, Payward, to provide access to tokenized stocks that track major UK equity products starting in 2027. The plan centers on LSE 24, the stock market operator’s proposed round-the-clock trading facility. LSE said it would begin operating Mondays through Fridays, with trading expected to run from the evening through the night window, offering 24/5 market access once launched. Key takeaways LSE says tokenized stocks referencing leading UK equities would be introduced on its planned LSE 24 night-time trading venue starting in 2027. The effort is reported to involve Payward, Kraken’s parent company, which is expected to supply the tokenized-stocks access infrastructure. LSE 24 is desig...

AMLBot Introduces AI Tracer to Track Cross-Chain Crypto Flows

AMLBot, a crypto compliance and forensics firm, has introduced “AI Tracer,” a new self-service blockchain analysis tool designed to help users follow funds across networks starting from a single transaction hash. The company positions the product as a way to reduce reliance on specialist tracing software and deep internal expertise when investigating how crypto moves on-chain. In an announcement shared with Cointelegraph, AMLBot says AI Tracer automatically builds a transaction graph, follows movements of funds through intermediate wallets, and attempts to map the journey toward the endpoint addresses the funds ultimately reach. As it walks the trail, the tool matches wallet activity against known entity labels such as exchanges, related services, and flagged addresses. Key takeaways AI Tracer is a self-service tracing tool that begins with a transaction hash and maps visible fund movements across supported blockchains. The tool is designed to follow cross-chain transfers through b...

AMLBot Rolls Out AI Tracer to Enable Self-Serve Blockchain Probes

AMLBot, a crypto compliance and forensics company, has introduced AI Tracer—an automated, self-service blockchain analysis tool that follows the trail of funds from a given transaction hash across multiple networks. The company positions AI Tracer as a way to reduce the reliance on specialist tracing software and deep internal expertise, enabling users to map visible movement on-chain from a starting transaction through intermediate wallets to the eventual endpoint. Key takeaways AI Tracer is built to trace fund movements from a transaction hash across supported blockchains. It can follow cross-chain transfers through bridges and handle flows where assets are split across multiple wallets. Reports rely on matching known entity labels (such as exchanges and flagged addresses) but are not a substitute for legal or audit processes. The tool offers free checks and paid plans with higher limits on the number of automated analyses. Initial support covers major networks including Bi...

SecondFi to shut down after $2.6M ADA loss tied to wallet flaw

Cardano-focused wallet provider SecondFi says it will shut down its SecondFi and Yoroi wallet services after a security incident exposed a cryptographic weakness in its wallet software. In a public update published Wednesday on X, the company stated that attackers stole about 16.1 million ADA—valued at roughly $2.6 million at the time of disclosure—affecting 374 wallets. The news arrives nearly a month after SecondFi first disclosed the exploit in late June, when it said it had identified a path toward recovery and expected the process to begin soon after security reviews. Now, users are being told to wait for new tools targeted for release in August, even as the company prepares to wind down operations. Key takeaways SecondFi plans to wind down both its SecondFi and Yoroi wallet services following a cryptographic flaw that enabled theft of about 16.1 million ADA. The breach impacted 374 wallets, according to SecondFi, and involved external activity assessed by an independent inves...

Mark Cuban-Backed DeFi Dashboard Zapper Shuts Down After 7 Years

DeFi analytics and portfolio tooling provider Zapper says it will shut down its website, mobile app, and API services on Aug. 3, bringing an end to a seven-year run as broader crypto activity cools and venture funding tightens. In a post on X on Wednesday, Zapper CEO Seb Audet said the company concluded that an “orderly wind down is the best course of action.” Audet did not provide detailed reasoning, but in a follow-up response hinted that falling demand played a role, adding that “the market decides.” Key takeaways Zapper will discontinue its website, mobile app, and API on Aug. 3, ending support for wallet tracking and DeFi analytics from that date. The shutdown joins several other crypto platforms that have paused operations this year as sentiment weakens and funding becomes harder to obtain. Zapper previously scaled to over 2 million monthly active users and processed more than $13 billion in transactions at its peak, according to Audet. VC capital appears to be concentrat...

Ctrl Wallet Plans Shutdown Weeks After Reported Security Exploit

Non-custodial multichain wallet Ctrl Wallet is winding down its services after a recent security incident affecting some Cardano-related activity. The wallet’s operators say users have until Aug. 3, 2026 to move funds out of the app. In an announcement posted on Tuesday and reiterated in a separate blog update, Ctrl Wallet said the application will be taken offline for most operations starting Aug. 3 , while retaining the ability for users to export their recovery phrases. The service will also be removed from app and browser extension stores, and new downloads will stop immediately. Key takeaways Ctrl Wallet will stop allowing sending, receiving, swapping, and other in-app actions after Aug. 3, 2026 . Users will still be able to export recovery phrases , but there is no migration token or airdrop planned. The shutdown follows a security issue reported by Ctrl Wallet on June 23 that prompted a temporary “maintenance mode.” Ctrl Wallet is advising users to transfer assets b...

Solana Foundation Introduces Protocol-Level Governance Framework

The Solana Foundation has unveiled a new protocol-level governance framework designed to let validators propose and vote on core changes directly onchain, using stake-weighted voting to reflect community preferences. The initiative, called Solana Governance Proposals (SGPs), aims to make major protocol decisions more transparent and reduce reliance on centralized coordination, while keeping the technical drafting of upgrades separate. As the Foundation and related documentation explain, an SGP is meant to capture a stake-weighted “directional” choice from the ecosystem—distinct from the detailed technical work typically represented through Solana Improvement Documents (SIMDs). In other words, SGPs are positioned as a governance signal, not a replacement for the engineering process behind protocol features. Key takeaways Solana Foundation launched SGPs , a governance standard for proposing and voting on protocol decisions onchain. Voting is stake-weighted , with voting power tied to...

SecondFi Plans Two-Week Return After Cardano Wallet Exploit Forensics

Cardano wallet SecondFi says it has identified a recovery pathway for users affected by a Tuesday exploit and expects to begin returning assets in roughly two weeks. The plan follows forensic work, security reviews, and additional testing to ensure the process can safely operate across the wallet states involved in the incident. In an update shared on Saturday, Phillip Pon, CEO of SecondFi developer Emurgo, said the company completed its forensic investigation and “established a recovery pathway” for affected users. Pon added that the coming week would be used to build the solution, followed by another week devoted to testing before any assets are returned. Key takeaways SecondFi says recovery should start in about two weeks after building and testing a new solution. The affected incident was traced to an address-level issue in SecondFi’s Cardano web wallet generation software that exposed private keys. SecondFi transferred approximately 129 million ADA secured via emergency meas...

SecondFi Plans 2-Week Recovery After Cardano Wallet Exploit

Cardano wallet provider SecondFi says it has built a recovery route for users impacted by a Tuesday exploit that exposed private keys for a portion of its customer base. In an update shared Saturday, SecondFi’s developer Emurgo indicated that asset returns should begin after completion of security testing and internal verification, with the first payouts expected in roughly two weeks. The company’s CEO, Phillip Pon, said Emurgo finished forensic investigations and designed the process around SecondFi’s existing wallet states—an approach Pon warned users not to disrupt by moving funds independently or following instructions from unofficial sources. Key takeaways SecondFi/Emurgo completed forensics and mapped a recovery pathway for affected users after Tuesday’s Cardano wallet exploit. Emurgo expects to start returning assets in about two weeks, after a week building the solution and a subsequent week of testing. SecondFi previously linked the incident to an address-level problem i...

US Arbitration Giant Launches “Legal Layer” for Agentic Commerce

The American Arbitration Association (AAA) has joined forces with Integra Ledger and a coalition of major technology and crypto stakeholders to launch the Legal Context Protocol (LCP), an open standard aimed at bringing clearer legal terms to “agentic” AI transactions. Announced Wednesday by the AAA, the initiative focuses on a gap that becomes more visible as AI systems increasingly negotiate, consent, and transact on behalf of people and organizations: unlike human-to-human or traditional e-commerce flows, agent-to-agent interactions do not automatically carry the same legal context about what was agreed, under what governing rules, and how disputes should be handled. Key takeaways The Legal Context Protocol (LCP) is designed to make the legal “wrapper” of agentic AI transactions discoverable and verifiable, including consent and dispute resolution terms. AAA and Integra Ledger position LCP as a non-blockchain legal layer that complements existing payment and identity protocols. ...

SecondFi Pinpoints Cardano Wallet Exploit to Root Address Flaw

SecondFi, a self-custody wallet platform built on Cardano, says it has identified the underlying cause of an exploit that led to major theft and is now coordinating with Cardano ecosystem partners and independent investigators to contain further risk. In its latest update, the company said it activated emergency controls that helped secure about 129 million ADA , moving the funds to an independent third-party custodian . SecondFi added that the ADA will be held for affected users while verification is completed. Earlier, it estimated that roughly 16 million ADA (about $2.4 million ) had been drained across 374 addresses . Key takeaways SecondFi attributes the incident to a vulnerability in its Cardano web wallet generation software, describing an issue “at the address level” that impacts users when signing transactions. While SecondFi says emergency steps secured around 129 million ADA , it warns that restoring recovery phrases elsewhere may not remove the underlying exposure risk...

Kraken Launches CFTC-Regulated Perpetual Futures for US Traders

Kraken has moved to expand its onshore crypto derivatives footprint in the United States by launching perpetual futures trading for eligible US customers through its partner platform Bitnomial. The offering is now available via Kraken Pro , adding a US-regulated pathway to a contract type that has historically been dominated by offshore venues. According to Kraken’s announcement, the new perpetual futures contracts share the same futures wallet as the exchange’s existing CME-listed crypto futures products. That design choice is aimed at simplifying account management for traders who want to handle both contract types through a single setup. Key takeaways Kraken launched perpetual futures for eligible US users via Bitnomial on Kraken Pro. The contracts are tied to major assets including BTC, ETH, SOL, XRP, ADA, LINK, DOGE, LTC , and AVAX . Kraken says traders can use the same futures wallet for the new perps and its existing CME-listed crypto futures. The launch follows Kra...

Cardano Hits Lowest Price Since 2020: Support Levels, Risks and Recovery Scenarios

Cardano (ADA) reached its lowest price since 2020, falling to about $0.15 from over $0.37 earlier in 2023. The dip comes as cryptocurrencies face a challenging period, and ADA holders are watching to see if it will hold above this critical support level. According to Coin Bureau's official X account, ADA is hitting its lowest price since 2020. Traders are discussing possible risks and forecasting variables that could aid ADA's price recovery. https://x.com/coinbureau/status/2062816595832103123 Key Takeaways Cardano (ADA) hit a low of around $0.15 recently, its lowest since 2020 The chart shows a consistent downtrend with lower highs and lows Market participants are watching for clues on whether ADA will stabilize or continue to drop ADA Extends Multi-Month Downtrend Coin Bureau's weekly chart shows Cardano, or ADA, in a long-term downtrend. After hitting almost $0.37, it formed a series of lower highs and lows, indicating steady selling pressure over months. ADA t...

TapTools winds down after five Cardano execs depart

TapTools, a real-time analytics platform focused on Cardano, is winding down after a wave of leadership changes, underscoring the fragility of niche tooling in a bear‑market ecosystem. In a post on X, TapTools said it would begin winding down over the next two weeks after its fifth top-level executive departure. The company previously confirmed the exits of two co-founders, the chief operating officer and the chief technology officer earlier this year. The platform’s backend developer—who had been elevated to CTO to shepherd a shift toward more sustainable product delivery—also left, leaving a critical repository of knowledge that cannot be replaced overnight. Launched in 2022, TapTools grew to become one of Cardano’s most widely used tools for tracking token prices, DeFi activity, and discovering new projects. Its closure comes as JPG.Store, a Cardano-based NFT marketplace, permanently shut down on May 23. The wind-down also intersects with governance and funding frictions within Card...