South Korea’s largest crypto exchange Bithumb said Monday it is preparing for a 2028 initial public offering (IPO) following a major internal reorganization to strengthen control and adoption of international account standards.

Seoul-based Bithumb did not reveal where it plans to launch the IPO. However, it did say it is working with domestic and international securities, law and account firms on the IPO process. Last year, Bithumb was said to be considering a NASDAQ listing, and later changed its plans to a listing on South Korea’s Kosdaq first.

CoinDesk approached Bithumb via email for more information, including where it plans to list its IPO, but had not received a response as of press time.

The crypto trading platform also said it plans to complete its risk management systems assessments and meet domestic and international account standards by the end of 2026. It then plans to apply for a preliminary listing review in 2027, with the IPO targeted for 2028.

Bithumb said the timetable could change depending on market conditions and regulators’ reviews.

Crypto and stock trading platform Robinhood has secured UK crypto registration ahead of the country’s new licensing framework.

According to a recent announcement, Robinhood has received approval to offer cryptocurrency services in the United Kingdom after its UK subsidiary was added to the Financial Conduct Authority’s register of cryptoasset firms on July 31.

Under the FCA’s existing crypto registration regime, the approval confirms that Robinhood meets the regulator’s anti-money laundering requirements, allowing the company to operate crypto services before the UK’s new regulatory framework begins taking effect.

Robinhood gains an early position before new UK rules

Since 2020, the FCA has required crypto businesses operating in the UK to register under its anti-money laundering framework. More than 50 companies currently appear on the regulator’s register, including Ripple, Kraken, BlackRock and BNY.

Robinhood’s latest approval comes before the UK introduces its new crypto authorization regime. According to the announcement, applications under the updated framework will open at the end of September and close at the end of February next year, with the full regulatory system scheduled to take effect in October 2027.

“Today marks the beginning of a new chapter for Robinhood, and we’re excited to take the first important step towards bringing our investing platform to customers in the U.K. I’m thrilled to be a part of Robinhood and our effort to expand into a new international market.”

– Wander Rutgers, President, Robinhood International.

Because Robinhood already holds registration under the current framework, the company may have completed part of the regulatory work before the transition begins. Further, the announcement noted that firms already registered under the existing regime could enter the new authorization process with much of that groundwork already in place.

The approval follows Robinhood’s earlier statement that it planned to expand its crypto business into the UK.

During its second-quarter earnings release on July 29, the company said it intended to launch cryptocurrency offerings in the country but did not provide a timeline. The latest FCA registration now gives Robinhood the regulatory approval needed to move ahead with those plans.

Robinhood’s crypto business has continued to expand even as trading activity softened during the second quarter. The company reported crypto transaction revenue of $100 million, down 38% from a year earlier, although it launched Robinhood Chain, introduced Stock Tokens in more than 120 countries, rolled out Robinhood Earn and completed its acquisition of WonderFi during the same period.

Crypto becomes one part of Robinhood’s expansion

Robinhood has increasingly diversified its business outside traditional crypto trading.

Its second-quarter results showed total net revenue rose 32% year over year to $1.31 billion, supported by growth in event contracts, options and equities. Event contracts generated $156 million in revenue during the quarter, making them the company’s fastest-growing transaction business.

Separately, The Wall Street Journal reported in July that Robinhood had discussed adding Crypto.com’s event contracts to its prediction markets hub. Neither company confirmed an agreement, and the report said the talks could still end without a deal.

Robinhood has already expanded its prediction market network through Kalshi, ForecastEx and Rothera, the exchange it operates through a joint venture with Susquehanna International Group. According to the company, working with multiple exchanges helps provide customers with a wider selection of contracts while reducing dependence on a single supplier.

Registration arrives before a new regulatory phase

The UK’s upcoming crypto framework will replace the current registration system with a more comprehensive authorization process covering crypto firms operating in the country.

The registration window under the new framework will remain open for only a limited period before the new rules fully take effect in October 2027. Companies seeking to continue serving UK customers will need to obtain authorization under that system.

Robinhood enters that process after already obtaining FCA registration under the existing anti-money laundering regime. While the company has not announced when its UK crypto services will become available, the latest approval removes an important regulatory requirement ahead of the country’s transition to its next phase of crypto oversight.

The market that dragged bitcoin off $65,000 this week didn’t sell it hard. It just stopped showing up.

Bitcoin closed the week near $62,600 after failing to reclaim $65,000, and Yusuf Fakhro, a partner at Bahrain-based ARP Digital, reads that through the market’s plumbing rather than the Fed headline that nudged it lower. The ETF bid that powered July’s recovery has stalled, flipping to net outflows of nearly 4,000 BTC on the week after a run of steady inflows.

The rest of the tape has gone quiet to the point of dormancy. July logged the lowest average daily spot volume since November 2023. CME open interest sits at 2023 levels. Perpetual-futures positioning has stalled near 300,000 BTC.

It’s a market that has stopped participating, Fakhro said, and even Strategy has paused its bitcoin buying for a fifth straight week, so the biggest structural buyer is sitting on its hands too.

The July 29 Fed meeting held rates and offered no easing signal, stripping out the catalyst bulls had leaned on.

The week’s real jolt came from custody. A Coldcard firmware flaw dormant since 2021 was exploited to drain roughly 1,367 BTC, about $89 million, from thousands of self-custodied wallets, and some holders have since moved coins back onto exchanges and into regulated products.

Bitcoin traded near $62,700 on Monday, down 3.5% on the week. Watch the next inflow print: if the ETF bid stays flat while price holds, Fakhro’s exhaustion read is right, and if fresh outflows can’t push it under $60,000, the sellers really are done.

David Schwartz, an XRP Ledger co creator and current Ripple board member, proposed a Bitcoin inheritance setup on Aug. 3 that separates access to duplicate hardware wallets from the PIN needed to unlock them. 

His post followed a renewed debate over paper backups after the Coldcard firmware failure. Ripple identifies Schwartz as an original XRP Ledger architect, while its current leadership page lists him as a board member.

Schwartz described the idea as “one way” to handle inheritance, not as a finished product or guaranteed security model. He suggested loading the same 24 word recovery phrase onto two additional cold wallets, setting the same PIN on both, giving one device to each of two relatives, and sharing the PIN with two trusted friends who would disclose it after the owner’s death. The post did not name a wallet model or use the “nuclear briefcase” label.

How the Bitcoin inheritance plan would work

The proposed setup creates two physical copies of the same wallet. Each relative would hold a signing device but lack the PIN. Each friend would know the PIN but hold no device. Under normal conditions, neither group could access the Bitcoin without cooperating with someone from the other group.

Schwartz’s argument came during a discussion about whether paper backups are simpler than hardware wallets. Paper avoids firmware exposure, but it remains vulnerable to theft, fire and accidental destruction. Bitcoin Design notes that metal backups offer greater physical durability, while hardware wallets isolate recovery phrases and private keys from connected devices.

Meanwhile, the arrangement does not create a multisignature wallet. Both devices contain the same recovery phrase, so each represents the same signing authority. One relative and one friend could therefore gain full control together. A leaked PIN paired with a stolen device could create the same result.

True multisignature systems use separate keys and require more than one signature before funds move. Unchained describes a common two of three structure where one compromised key cannot spend the Bitcoin alone. Schwartz’s proposal instead divides one complete credential into a physical component and a knowledge component.

Coldcard losses make seed quality the central risk

The debate follows a Coldcard flaw that weakened randomness during seed generation on affected firmware. Coinkite has released corrected versions, but updating firmware cannot repair an earlier recovery phrase. Affected users must create a new seed and move their Bitcoin. Coinkite says sufficient private dice entropy or a strong passphrase may provide additional protection in some cases.

Block’s security team traced the issue to a deterministic software fallback and limited reseeding process. It cautioned that it had “not done full empirical testing to confirm exploitability,” while reporting that active theft was underway. The findings show why copying a wallet is safe only when the original seed was generated securely.

As crypto.news reported, a fourth suspected attack wave moved 448.7 BTC from 709 possible victim addresses. Four observed waves may total about 1,815.75 BTC across 5,294 addresses if there is no overlap. Those figures remain onchain estimates rather than losses confirmed by every wallet owner, Coinkite or law enforcement.

A complete inheritance plan needs legal steps

Schwartz’s outline addresses access, but inheritance also requires clear instructions, legal ownership records and a process that heirs can execute under stress. Unchained advises documenting the security model and ensuring an executor or trustee understands how to use the relevant keys. In related coverage, crypto.news noted that self custody can leave assets permanently inaccessible when owners fail to prepare heirs.

The setup also depends on relatives and friends remaining reachable, trustworthy and capable of coordinating. Device failure, forgotten PINs, disputes or premature disclosure could still disrupt the transfer. The claim that heirs are “guaranteed” to receive the funds would therefore be too strong.

Schwartz’s post did not announce a commercial service, audit or formal technical specification. Independent review would need to compare the approach with multisignature wallets, time based controls and professional estate planning. Any recovery process should also be tested with a small balance before it is trusted with long term Bitcoin savings.

Gold has had a rough year. After hitting an all-time high near $5,602 in January, the metal has since dropped roughly 27% from that peak, weighed down by rising Treasury yields, a firmer dollar, and cooling demand for safe-haven assets.

This week brought a fresh twist. Gold climbed back above $4,050 on Monday after President Trump signaled that peace talks with Iran would resume, following pressure from regional allies like Saudi Arabia to pause military strikes. The news pushed oil prices lower and eased inflation fears, but it also reduced some of the safe-haven demand that had been supporting gold.

Despite the sharp correction, most analysts still expect gold’s long-term uptrend to eventually reassert itself. In the near term, though, all eyes are on Friday’s US jobs report, the week’s key catalyst: a weak print could revive rate-cut expectations and give gold fresh support, while a strong one could extend the current pullback.

Technical Analysis of XAU/USD Chart

As the XAU/USD chart shows, gold remains locked in a broader downtrend since January’s record high, currently testing the descending trendline from below while holding just above the 3,900-4,000 support zone.

Bullish Scenario

Gold has already shown signs of life bouncing from the 3,900-4,000 support, and the RSI divergence lends some credibility to this reaction. Should price break decisively above the descending trendline, the next real test becomes the 4,400 resistance zone, where the 200-period EMA also converges—a level that has proven highly significant over recent months. A confirmed break above this confluence would mark a meaningful shift in gold’s broader structure.

Bearish Scenario

Should gold instead reject the trendline once again, price risks getting trapped between resistance above and support below. In that scenario, Friday’s NFP report looms as a potential catalyst: a strong print could tip the balance, breaking the 3,900-4,000 support and opening the path toward the next meaningful level, the former resistance-turned-support zone at 3,400-3,500.

With price squeezed between a stubborn trendline and a battle-tested support, and a major data release just days away, gold’s next move could finally answer the question traders have been asking since January’s peak: is the correction over, or just catching its breath?

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Crypto-friendly trading platform Robinhood (HOOD) is now registered to offer cryptocurrency services in the U.K.

Robinhood’s U.K. arm was added to the Financial Conduct Authority’s (FCA) list of registered cryptoasset companies as of July 31.

The company’s existing FCA registration means it meets the regulator’s requirements where it comes to anti-money laundering (AML). A regime for crypto firms has been in effect since 2020 and now numbers over 50 approved companies, including Ripple, Kraken and traditional finance (TradFi) giants like BlackRock and BNY.

Winning the regulator’s permission to offer crypto services has added significance ahead of the inception of the more comprehensive framework for crypto regulation in the U.K. The authorization process opens at the end of September and closes at the end of February next year, ahead of the full regime coming into force in October.

The relatively brief window for companies to register and obtain full regulatory approval means those firms already registered under the FCA’s existing regime may have done a lot of the heavy lifting in advance.

ZeroStack’s plan to fund operations through 0G token reward sales is in jeopardy after a sharp drop in the token’s value. The downturn has also cast doubt on the company’s ability to continue as a going concern.

ZeroStack ended June with a $61.3 million first-half loss, negative working capital, and $2.6 million in cash.

ZeroStack’s Form 10-Q Disclosure

According to its Form 10-Q disclosure for the quarter ending June 30, ZeroStack held $2.6 million in cash, negative working capital of $600,000, an accumulated deficit of $339.1 million, and a $61.3 million net loss. The company also reported an accounting loss of $82.5 million after re-measuring its assets at fair value.

ZeroStack held 75.1 million 0G tokens with a fair value of $15.17 million and a recorded cost of $163.33 million. It also held a small Bitcoin (BTC) position, taking the total fair value of ZeroStack’s holdings to $15.21 million and the total recorded value to $163.43 million.

The downturn in the value of ZeroStack’s 0G tokens represents a 90% decline and has cast serious doubts on the company’s financial stability and its ability to continue operations without securing additional funding.

Staking Reward Sales To Fund Operations

ZeroStack received 6.62 million 0G tokens through staking rewards in the first half of 2026, earning $3.78 million in revenue. The company sold 4.94 million 0G tokens for $2.4 million and used $2.47 million in cash for other operational activities. The company plans to monetize staking rewards and fund operations.

It may also sell some of its underlying holdings. ZeroStack stated in its disclosure that the staked tokens are held in company wallets and can be withdrawn when needed. The company also noted that staking rewards could decline or disappear entirely, and that any sale depended on prevailing market conditions and token value.

However, ZeroStack’s strategy could be at risk due to the significant decline in the 0G token’s value. The token is currently trading at $0.14, declining nearly 5% in the past 24 hours.

Investor Confidence Shaken

ZeroStack’s 0G bet and the subsequent decline in the token’s value significantly impact its investors. The downturn could result in further write-downs, affecting stock price and investor confidence.

Investors will closely monitor ZeroStack’s next steps. The company can raise funds through asset sales, a capital raise, or restructuring efforts. However, its current model could fail if the 0G token’s value continues declining.

ZeroStack’s July 20 acquisition of Texas Blocker increased its 0G token holding to 223.77 million, amplifying its exposure to the token’s downturn.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.