Crypto World
Putin signs law opening regulated crypto trading in Russia
Russian President Vladimir Putin signed a comprehensive digital asset law on Aug. 4, creating a regulated route for retail and qualified investors to trade cryptocurrencies through approved intermediaries.
Summary
- Russia will allow tested retail investors to buy liquid cryptocurrencies through regulated intermediaries from September.
- Nonqualified investors face a 300,000 ruble annual purchase cap through each intermediary under the law.
- Registered crypto exchanges must hold 15 million rubles in equity and join an approved SRO.
- Qualified investors may trade any cryptocurrency without purchase limits after completing mandatory suitability tests successfully.
- Domestic crypto payments remain banned, while foreign trade settlements receive explicit legal permission under exceptions.
The core provisions will take effect on Sept. 1, 2026, according to TASS and the Bank of Russia.
The law covers crypto exchanges, digital depositories, brokers, management companies, trading venues and clearing houses. It also addresses mining, custody, accounting and foreign digital instruments. However, it does not recognize cryptocurrency as legal tender for ordinary domestic purchases.
Retail investors face annual limits and testing
Nonqualified investors will be permitted to buy only cryptocurrencies that regulators classify as the “most liquid.” They must complete a suitability test and will face a purchase limit of 300,000 rubles per year through each intermediary. Authorities have not yet published the final list of eligible assets.
Qualified investors must also pass testing, but they may purchase and sell any cryptocurrency without an amount limit. Individuals may qualify partly through their previous crypto transaction history, according to TASS. The Bank of Russia will need to provide more detailed standards before intermediaries can apply the rules consistently.
The structure follows the framework lawmakers developed earlier in 2026. As previously reported, the bill’s first reading included regulated intermediaries, mandatory testing and the 300,000 ruble annual retail ceiling.
A later revision removed a proposed requirement for investors to disclose their crypto wallet addresses. In related coverage, the revised proposal retained the purchase cap while adding controls covering transfers and crypto funded investments.
Russia crypto law creates a licensed exchange system
Crypto exchange providers must join a “special registry,” maintain at least 15 million rubles in equity and become members of a financial market self regulatory organization. The law defines systematic exchange activity as completing two or more transactions in one month with a combined value exceeding 3.5 million rubles.
Existing crypto exchange providers may operate without registration until July 1, 2027. This differs from the March 1, 2027 transition granted to existing digital financial asset exchange operators, which form a separate category under the wider framework.
Banks and Russian branches of foreign banks will also have to block transfers when they suspect an unauthorized digital currency exchange provider is involved. Meanwhile, the law grants judicial protection to digital currency holders even when the assets were not previously declared.
The Bank of Russia has already started drafting the regulations needed to operate the market. Its July 27 proposals cover organized trading, pricing methods, asset records and digital depositories.
Proposed minimum equity for digital depositories ranges from 50 million to 250 million rubles, depending on the services provided. Those capital requirements are separate from the 15 million ruble minimum imposed on exchange providers.
Domestic payments remain banned despite trade exception
The legislation continues Russia’s prohibition on using cryptocurrency to pay for goods, services, information or intellectual property inside the country. It also prohibits advertising that presents digital currencies as a domestic payment option.
However, crypto may be used for settlements under foreign trade contracts between Russian residents and nonresidents. Other exceptions cover specified transactions involving mined cryptocurrency, securities, other digital currencies, digital rights and fees required under approved information systems.
The Bank of Russia said exporters and importers may use cryptocurrencies for cross border payments without transaction amount limits. Those transactions may pass through intermediaries or use wallets directly, although Russian residents must report certain overseas holdings to tax authorities.
The foreign trade permission also creates a clear U.S. compliance consideration. The U.S. Treasury says its Russia sanctions apply to virtual currency just as they apply to fiat transactions. U.S. exchanges, wallet providers and other persons remain prohibited from facilitating transactions involving blocked Russian parties.
Treasury previously sanctioned the Moscow linked exchanges Garantex and Grinex, along with businesses connected to the A7 cross border settlement network. It said the network supported sanctions evasion and used the ruble backed A7A5 token when moving customer balances.
Russian businesses have explored cryptocurrency for foreign trade as sanctions complicated access to conventional international payment channels. Russia’s domestic law may authorize those transactions, but it cannot remove sanctions or compliance obligations imposed by other jurisdictions.
What happens before the September rollout
The core framework starts on Sept. 1, 2026. Before then, the Bank of Russia must complete rules covering eligible retail assets, investor testing, organized trading, exchange supervision and digital depository operations.
Other sections will begin later. Provisions involving certain transfer restrictions and nonresident digital depositories take effect on July 1, 2027. Technical rules for digital financial assets, nominal holders and depositories will start on Sept. 1, 2027.
Russia is also tightening controls over other parts of the crypto sector. In related coverage, officials advanced long term mining restrictions in Moscow, the surrounding region and parts of Kursk. Those measures concern electricity use and mining oversight rather than retail trading.
The next practical test will be whether intermediaries can receive approvals and launch compliant products on schedule. Retail access will remain limited until regulators identify qualifying cryptocurrencies, establish registries and finalize the suitability tests required under the law.
Federal Reserve Governor Lisa Cook said she is prepared to support higher interest rates if US inflation fails to come down, a change that can pressure crypto and other high-risk investments.
Cook was speaking at a luncheon hosted by the Anchorage Economic Development Corporation, saying that while some disinflationary forces are in play, she is “prepared to act” if disinflation stalls.
“As I have described, inflation is too high, and I consider the risks to the inflation side of the dual mandate higher than the risks to the employment side at this point,” said Cook. “As such, I am prepared to act by raising rates, if necessary.”
The US Federal Reserve is targeting an annualized inflation rate of 2% over the long run. The annual inflation rate fell to 3.5% in June 2026, the first decline in five months, according to Trading Economics.
However, Cook said she would not put too much weight on a single data point, given a highly uncertain environment, adding that the personal consumption expenditures price (PCE) index rose 3.7% in the 12 months through June, nearly double its 2% target.
“If I do not see signs of continued disinflation soon, I am prepared to act,” Cook said.
“With five years of above-target inflation, the risk grows that higher inflation may become entrenched in price- and wage-setting behavior, leading to persistence that would be much harder for us to attack. The longer inflation is above target, the more likely this scenario becomes.”
Related: US hints at more yen intervention: Five things to know in Bitcoin this week
Nasdaq-listed PowerCompute refinanced $18 million of debt through a Bitcoin-backed facility carrying an initial interest rate of about 2%.
JPYC said it plans to use the new capital to expand its financial and Web3 ecosystem and accelerate adoption of its yen-pegged token.
Uniswap has launched its first token launchpad, Pools.trade, on Robinhood Chain, opening the door for users to create and trade new tokens through a single interface.
The rollout has quickly pushed Uniswap back in the spotlight, with traders flocking to early launchpad tokens.
What Pools.trade Actually Does
As noted in a Santiment report published on August 6, Pools.trade lets users launch tokens through either a four-hour Crowd Launch or Instant Launch before liquidity is automatically placed into Uniswap v4 pools and permanently locked.
The move shifts Uniswap beyond its traditional role as a decentralized exchange by placing it at the earliest stage of a token’s lifecycle rather than simply handling trading after launch.
The launch builds on Uniswap’s existing position as Robinhood Chain’s primary automated market maker. Robinhood’s Ethereum-compatible Layer 2 already supports multiple versions of Uniswap alongside UniswapX, its wallet, web application, and API.
As CryptoPotato reported earlier, Robinhood Chain has become the largest blockchain by real-world asset holder count, although meme coin trading still accounts for most decentralized exchange activity on the network. Early attention on Pools.trade has centered on tokens like FRONG and POOLS, with many traders, according to Santiment, treating the former as the unofficial launchpad token despite no formal confirmation from Uniswap tying it to the platform.
At the same time, competing Robinhood Chain launchpad tokens such as PONS came under pressure as traders rotated into the new narrative. At the time of writing, PONS was down nearly 14% in 24 hours per data from CoinGecko, with its weekly chart showing a nearly 48% plunge. The total market cap of the top coins launched on Pons also dipped by more than 12% in the last day to less than $20 million.
Part of what made the debut louder than a typical product announcement was how odd it felt getting there, with hidden pages, teaser files, frog imagery, and last-minute changes beforehand. One X user, The Smart Ape, called it “the most documented secret launch in DeFi.” And whether that was clever marketing or just confusing depends on who you ask.
On-Chain Trends Add to UNI’s Growing Attention
Santiment also pointed to strengthening on-chain data for UNI, Uniswap’s native token. Exchange balances have fallen 15.7% over the past month, while the token has climbed roughly 47% since the beginning of July, suggesting fewer coins are immediately available for sale as interest in the ecosystem grows.
Per the analytics firm, Uniswap’s share of crypto-related social discussion has reached its highest level since November 2025 following the Pools.trade announcement.
UNI was trading at just over $4.00 at the time of writing, up nearly 3% over 24 hours and almost 30% higher across the past month. But even after the recovery, the token is still about 91% below its all-time high of $44.92 recorded in May 2021.
Santiment concluded that Pools.trade could become an important new source of activity for Uniswap if it continues attracting token launches.
The post Uniswap Debuts Pools.trade for Token Launches on Robinhood Chain appeared first on CryptoPotato.
Crypto World
Strategy Sells 1,638 Bitcoin for $105M, Splits Proceeds Between Dividends and STRC Buyback
Strategy sold 1,638 bitcoin for $104.73 million between July 27 and Aug. 2, an average of $63,957 a coin net of fees, and used the money to cover preferred stock dividends and buy back its own STRC shares, according to a Form 8-K filed Monday. The company said $52.4 million of the proceeds funded… Read the full story at The Defiant
The euro and the pound continue to trade higher against the US dollar following last week’s Federal Reserve meeting. As widely expected, the Fed left interest rates unchanged and reiterated that future monetary policy decisions would depend on incoming economic data. This cautious stance failed to provide fresh support for the dollar, while yesterday’s weaker US labour market figures added further downward pressure. According to the latest ADP report, the US private sector added just 44,000 jobs, well below forecasts of 68,000 and the previous month’s 95,000. Although the S&P Global Services PMI exceeded expectations, the ISM report painted a more mixed picture: the headline services index edged down to 54.1, while the employment component fell to 47.4, signalling continued cooling in the labour market. As a result, investors increased their expectations of a broader slowdown in the US economy, allowing both the euro and the pound to maintain their upward momentum.
EUR/USD
EUR/USD rallied strongly last week, breaking above the key resistance level at 1.1500. Since the start of this week, the pair has been trading sideways between 1.1500 and 1.1560 as investors await fresh macroeconomic data. Technical analysis suggests the bullish trend could extend towards 1.1600–1.1620 if the 1.1560 level becomes established as support. Conversely, a sustained move below 1.1500 would weaken the bullish outlook.
Key events for EUR/USD:
- Today at 09:00 (GMT+3): German Factory Orders;
- Today at 10:30 (GMT+3): Germany S&P Global Construction PMI;
- Today at 15:30 (GMT+3): US Initial Jobless Claims.
GBP/USD
GBP/USD is showing a similar pattern, consolidating between 1.3420 and 1.3480 after last week’s sharp advance. A decisive break above 1.3480 could pave the way for a retest of the July high near 1.3560. On the other hand, stronger-than-expected US economic data could push the pair back towards the 1.3350–1.3400 range.
Key events for GBP/USD:
- Today at 11:30 (GMT+3): UK Construction PMI;
- Today at 18:30 (GMT+3): Atlanta Fed GDPNow estimate;
- Tomorrow at 15:30 (GMT+3): US ADP Private Non-Farm Employment Change.
The official US Nonfarm Payrolls report remains the key event for currency markets this week. Employment growth, the unemployment rate and wage data will provide investors with a clearer picture of the strength of the US economy and help shape expectations for future Federal Reserve policy. If the figures confirm further signs of labour market cooling, the dollar could come under renewed pressure, allowing EUR/USD and GBP/USD to extend their recent gains. Stronger-than-expected data, however, could revive demand for the US dollar and trigger a correction in both European currencies.
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Spending on crypto payment cards reached a record $748.7 million in July, the fifth consecutive monthly increase, according to onchain analytics tracker Paymentscan. July volume rose 19.1% from June's $628.7 million and 144.7% from $306 million a year earlier, per Paymentscan, which indexes card… Read the full story at The Defiant
Real-world asset markets accounted for more than half of Hyperliquid's trading volume for two consecutive weeks in July, the first time perps tied to stocks, commodities and indexes out-traded crypto on the platform. RWA perps did $25.1 billion in the week of July 13–19, or 52% of Hyperliquid's… Read the full story at The Defiant
Rob Hamilton, who is building the automated setup the group runs, said in an X post the bottleneck is not finding bugs but routing them to the right maintainers.
“The hardest part is coordinating to get things to the right people,” Hamilton wrote. “While it is powerful, having found critical issues, I would view this as only version one.”
The audit lands in an ecosystem already absorbing the fallout when the other side finds a flaw first.
The Coldcard sweeps, which began July 30 and have taken as much as $114 million from wallets whose seeds were generated by faulty firmware, stemmed from a bug that had been dormant since 2021 and required no access to the physical device once the affected key space was known.
Attackers already have the same tools, however.
Anthropic said in April that one of its models, held back from public release and given only to vetted users, found a bug that had sat undiscovered in widely used software for 27 years, at a cost of less than $50. It found flaws in the encryption software that secures banking connections, exchange logins and the servers running most of the internet.
Separately, Google’s threat intelligence team said in May it had caught a criminal group preparing an attack built on a flaw a model had found for them.
L&C Bio Co., Ltd. (290650.KQ) shares jumped nearly 12% Thursday on plans for an Ozempic face fix made from donated human fat.
The KOSDAQ-listed stock reached 64,600 won intraday, up 11.76%, per Yahoo Finance data, extending a five-day gain of roughly 24%. Investors welcomed the news as a fresh growth avenue beyond the firm’s existing skin care line.
An Ozempic Side Effect Becomes a Business Plan
GLP-1 (glucagon-like peptide-1) drugs such as Ozempic drive rapid weight loss. Some users then develop a gaunt, hollowed look known as “Ozempic face,” and L&C Bio wants to treat that gap directly.
The market behind that problem is expanding fast. J.P. Morgan Research projects the U.S. patient base for GLP-1 drugs will climb from 12.9 million in 2026 to 30.3 million by 2030, split between type 2 diabetes and obesity patients. Each new obesity patient on an Ozempic-class drug is a potential candidate for facial volume loss, and therefore a potential customer for L&C Bio.
The company’s planned product, tentatively named MegaAdipoECM, converts donated human fat into an extracellular matrix scaffold. Patients’ own fat cells then repopulate the treated area, restoring volume without synthetic filler.
“We pioneered the use of donated human tissue in K-beauty skin boosters.”
Lee Whan Chul, CEO, L&C Bio (SCMP)
The approach differs from Re2O, L&C Bio’s flagship product, which uses donated skin tissue for wrinkles rather than volume. Meanwhile, the new booster could also serve as an alternative to silicone breast implants, widening its potential market beyond Ozempic users alone.
A Legal Shift Unlocks a Cheap Raw Material
South Korean law previously classified donated fat as medical waste, which blocked commercial use entirely. That changed in 2026, when regulators reclassified the tissue. However, a one-year grace period means L&C Bio does not expect a commercial launch before late 2027.
The delay has not dampened investor enthusiasm. L&C Bio holds patents in South Korea, the United States, and China, the three markets it plans to target first. Therefore, L&C Bio already has legal protection before any product reaches shelves. That protection turns a waste product into a low-cost input for a global aesthetics business built around Ozempic-era demand.
The rally also lands inside a rocky 2026 for Korean equities. Trading volumes cratered during a KOSDAQ crash this year, and a chip stock selloff also rattled the KOSPI in July. Some traders even showed signs of capital fleeing to crypto during past equity swoons.
L&C Bio’s jump suggests a strong biotech story can still cut through that volatility. The stock now carries a market capitalization of 1.578 trillion won, on volume of 366,542 shares, close to its average.
Yahoo Finance data also lists a one-year price target of 99,000 won, well above Thursday’s level. However, the stock’s 52-week range of 29,100 to 125,000 won shows just how volatile shares have already been.
Whether L&C Bio turns patent protection into revenue by 2027 remains the open question for this Ozempic face fix.
The post L&C Bio’s Human-Fat Injection Could Fix “Ozempic Face”: Will Gains Hold? appeared first on BeInCrypto.
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