📊 US traders pile into 100x leveraged perpetual futures
The Trump administration has opened American markets to perpetual futures contracts — highly leveraged derivatives long available offshore but previously restricted for US retail traders.
US day traders are now piling into "perps" offering up to 100x leverage. The products are widely considered among the riskiest in crypto, with data showing 70–97% of day traders lose money over time using them.
Perpetual futures have no expiry date and allow traders to hold leveraged positions indefinitely, making them a dominant instrument in global crypto markets — and a significant source of exchange revenue.
🌐 Zcash launches node targeting 50,000 private transactions per second
The Zcash ecosystem has released Zakura, a new node client and the first live component of Project Tachyon — a broader initiative to scale Zcash from approximately one private transaction per second to Visa-level throughput of 50,000 TPS.
The upgrade is tied to the planned NU7 network upgrade and aims to make fully shielded transactions viable at payment-network scale. The rollout comes despite headwinds: a recently disclosed vulnerability and a 48% decline in ZEC's price have raised questions about execution risk as the project pursues its technical roadmap.
An attacker exploited BonkDAO's governance mechanism to drain 4.426 trillion BONK tokens from its treasury. The exploit allowed the attacker to pass a malicious proposal and withdraw the funds.
Of the stolen tokens, 800 billion BONK have already been sold for approximately $2 million. The attacker still holds an estimated 2.4 trillion BONK, leaving significant sell pressure potential on the market. BONK is the memecoin associated with the Solana ecosystem.
🏦 SBI Holdings Acquires Majority Stake in Singapore's Coinhako
Japanese financial group SBI Holdings has acquired a controlling stake in Singapore-based crypto exchange Coinhako, with the deal receiving final approval from the Monetary Authority of Singapore (MAS). The transaction was executed through SBI's subsidiary, SBI Ventures Asset.
The acquisition gives SBI Holdings exposure to Coinhako's user base and, notably, a substantial Shiba Inu holding — reportedly 1.1 trillion SHIB — inherited through the exchange's assets. The move is part of SBI's broader push into digital assets, stablecoins, and tokenized markets across Asia, complementing existing deals tied to Solana and Ondo Finance.
SBI Holdings is one of Japan's largest financial conglomerates and has been among the most active traditional finance players expanding into crypto infrastructure across the Asia-Pacific region.
Senator Elizabeth Warren has called on Donald Trump to disclose his 2026 crypto earnings ahead of an expected Senate vote on a crypto bill within days.
Warren's request follows Trump's financial disclosure reporting $1.4 billion in crypto-related income in 2025. She is seeking information on earnings between January and July 2026, ahead of a 2027 official reporting deadline. Warren cited potential conflicts of interest as the CLARITY Act moves toward a Senate vote.
Iranian drone and missile strikes on Kuwait's power and water infrastructure have rattled crypto markets, sending Bitcoin below $73,000 and triggering over $700 million in liquidation cascades.
The escalation in Gulf tensions coincided with US sanctions freezing $130 million in Iranian crypto assets. Nearly $1 billion in total crypto positions were liquidated as traders responded to the geopolitical shock.
The incident marks one of the sharper macro-driven selloffs in recent months, underscoring how rapidly geopolitical events can translate into crypto market volatility.