Foresight News reports that according to The Times of India, Dionysios "Dean" Karakitsos (57), co-founder and former CEO of crypto data company Bitquery, is accused of embezzling over $5 million from the company and abruptly resigning after deleting 194 financial records. Bitquery filed a lawsuit in Manhattan Supreme Court stating the scheme began around 2022, when investors had injected about $8 million into Bitquery. Karakitsos had sole control over the company's financial accounts and is suspected of using this authority to transfer funds into multiple accounts operated by himself and related parties, including a UK entity, while providing investors with misleading financial statements claiming the company’s bank accounts held $5 to $6 million in deposits. The lawsuit also states Bitquery’s revenue for 2024 and 2025 was approximately $2 million, with operating expenses roughly matching that amount. The lawsuit alleges that before resigning in October 2025, Karakitsos attempted to cover up these transfers by deleting 194 expense and billing records from the company’s QuickBooks accounting system and altering other records to conceal transaction traces. Bitquery also claims Karakitsos still holds company bank credentials and refuses to return them. The lawsuit, filed in June this year, demands the return of at least $5 million in embezzled funds, seeks additional damages, the return of bank credentials, a full accounting of the funds’ whereabouts, and an inventory of properties purchased with company funds. Bitquery has appointed co-founder Aleksey Studnev as the new CEO. Karakitsos denies the allegations and states he will respond through legal channels.

Foresight News reports that according to monitoring by Ai Aunt, an insider LAB address deposited 5.8 million LAB to Kucoin 9 hours ago, valued at approximately $834,000, with a deposit price of $0.1439. Subsequently, within an hour and a half, the coin price continued to decline, briefly dropping to $0.1273, a decrease of 11.5%. This entity currently still holds 74.7 million LAB, valued at about $10.11 million.

Foresight News reports that Coldcard hardware wallet manufacturer Coinkite tweeted that it has sent security advisory emails to all reachable user addresses through its store and email subscription system, with emails dispatched in batches since last Friday. If users receive this email, they can confirm it is indeed from the official Coinkite. Coinkite also reminds users to rely on the latest timestamped announcements published on the official website blog, not to trust screenshots, forwarded content, summaries, or messages from unknown sources. Firmware can only be downloaded from coldcard.com/downloads; Coinkite will never ask for users' PIN codes, mnemonic phrases, BIP-39 passphrases, nor will it request users to sign an unverified PSBT transaction.

Foresight News reports that SKY treasury company Stablecoin Development Corporation (NYSE: SDEV) recently released its Q2 2026 financial report. Pledge income for Q2 was $2.2 million, with a non-cash unrealized loss of $50.6 million due to the decline in SKY price, resulting in an operating loss of $53.8 million; pledge income for the first half of the year totaled $4.7 million, with an operating loss of $31.6 million. As of June 30, the company held approximately 2.2865 billion SKY tokens, about 10% of the total supply, with a cost basis of $147.2 million and a fair value of $119.2 million, with the vast majority of holdings pledged. In Q2, 31.75 million SKY rewards were newly added through staking, with cumulative staking rewards reaching 67.13 million. The financial report shows that the company completed the cashless exercise of all October 2025 warrants on June 15, eliminating all warrant liabilities on the balance sheet; it has also relocated its headquarters from Emeryville, California to West Palm Beach, Florida to reduce fixed costs. As of July 27, the company's SKY holdings increased to approximately 2.29617 billion tokens, with a market value of about $128 million based on the then price of approximately $0.056. The company emphasized that no SKY tokens were sold during Q2. Additionally, the report cites Sky ecosystem data indicating that the Sky Protocol protocol's annualized revenue run rate is about $419 million, with a Q2 protocol net surplus of approximately $29.9 million (compared to a net loss of $8.2 million in the same period last year), protocol reserves reaching about $82.5 million, and USDS stablecoin supply increasing to about $10 billion, a year-over-year growth of approximately 97%.

Foresight News reports that Michael Saylor tweeted the company's Bitcoin monetization plan was announced on June 29, 31 days before the Q2 earnings release, and was not launched after reporting losses. He also stated that the company has never had a "never sell" policy, the plan does not require selling any Bitcoin, and the company is expected to remain a net long-term buyer of Bitcoin.

Foresight News reports, according to Yonhap News Agency, that despite the sluggish crypto market, the scale of stablecoins flowing from South Korea to overseas exchanges remains at several hundred billion Korean won per month. Financial Supervisory Service data disclosed by Lee Jong-wook, a member of the People Power Party, shows that in June this year, the five major South Korean crypto exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) transferred stablecoins worth approximately $1.914 billion (2.7625 trillion KRW) to overseas exchanges, with inflows of about $1.526 billion (2.2022 trillion KRW), resulting in a net outflow of about $388 million (560.3 billion KRW). The report states that this net outflow is equivalent to 77.6% of South Korean investors' net overseas stock purchases for the month (about $500 million, approximately 722 billion KRW), whereas at the beginning of last year, this ratio was usually only around 20%. In the second quarter of this year, South Korea's stablecoin net outflow was about $1.169 billion (1.6872 trillion KRW), while overseas stocks saw a net sell-off of about $1.121 billion (1.6185 trillion KRW) during the same period. Data shows that over the 18 months since statistics began last year, South Korean stablecoins have consistently maintained a net outflow status. The report analyzes that the outflowing stablecoins are mainly used to invest in overseas derivatives not offered by Korean exchanges, including spot and futures products of major Korean stocks such as Samsung Electronics, SK Hynix, and Hyundai Motor, some of which offer leverage of several tens of times; additionally, demand for US dollar-denominated Real World Assets (RWA), decentralized finance (DeFi), and staking services is also driving capital outflows. Lee Jong-wook stated that the government should comprehensively reassess investor protection and regulatory systems and accelerate institutional reforms.

Foresight News reports that according to Galaxy Research monitoring, in the three waves of Coldcard key vulnerability attacks, the first and second waves show similar patterns: both aggregate at least several shared addresses, use the same P2WPKH output format and derivation path combinations, with a 27-hour interval, reasonably inferred to be by the same attacker. However, they differ in fee settings and whether RBF (Replace-By-Fee) signaling is used. The third wave differs in all behavioral characteristics from the first two: it abandons shared aggregation addresses and instead uses independent destination addresses for each victim; funds are stored in P2WSH rather than P2WPKH; on average, each liquidation batch involves 6.37 victims (the first wave liquidated victims one by one); and it only scans the default derivation path. Galaxy Research states this may be the same attacker evolving behavior after adjusting tools, or it could be another independent attacker exploiting the same publicly known vulnerable key space. On-chain data cannot distinguish these possibilities, and the agency cannot confirm any connection between the three waves, but it can confirm that each wave was operated by a single actor internally. Currently, the attacker controls 1366.3865 BTC (approximately 88.6 million USD), with all terminal address funds unspent. The first and second waves' funds total 1158.8148 BTC distributed across 7 continuously monitored addresses; the third wave involves 293 P2WSH vault addresses whose scripts are not yet public and will only be disclosed upon first spending. If repeated use of multisig keys across vaults is found, it may help confirm their association. All stolen BTC involved in the three waves were generated after the vulnerable firmware release block on March 17, 2021, without exception.

Foresight News reports, according to CoinDesk, that holders of Strategy (MSTR) preferred stock STRC will not see a dividend increase in August. Under the leadership of Executive Chairman Michael Saylor, the company maintains the current 12% dividend unchanged. Previously, STRC investors had expected a dividend increase of up to 50 basis points, as Strategy's past practice was to raise dividends whenever the stock price significantly fell below par value ($100) during the month. On July 1, Strategy raised the dividend by 50 basis points after STRC briefly dropped to $71 in June. This increase, combined with Strategy selling some Bitcoin to finance dividends and Bitcoin's price stabilization, helped STRC rebound to the current $89.46 in July, though this level remains significantly below par. CEO Phong Le stated yesterday that Strategy's corporate goal is to keep STRC's price long-term within the $99 to $100 range. Nevertheless, the company is under no obligation to raise dividends and has chosen to keep them unchanged this time.

Foresight News reports, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has suspended approval of the Nasdaq cash-settled Bitcoin index options (ticker: QBTC) and is reviewing the decision after a legal objection from CME Group. The related order was made public on July 31. In May this year, the SEC conditionally approved Nasdaq PHLX's listing of QBTC, which previously still required an exemption from the Commodity Futures Trading Commission (CFTC) to launch. CME Group raised an objection in June, arguing that Bitcoin is a commodity, and options directly linked to its value should fall under the exclusive jurisdiction of the CFTC, not the SEC. If CME's claim is upheld, the SEC will have no authority to approve QBTC, and Nasdaq will need to register as a regulated futures or swap execution facility under the CFTC framework or redesign the contract to track securities assets such as Bitcoin spot ETFs. CME currently operates regulated Bitcoin futures and options markets. If Nasdaq's QBTC launches, it will compete for the same type of trading volume but has not registered under the CFTC framework followed by CME. The objection also warns that if this approval stands, it could set a precedent for securities exchanges to list other commodity derivatives. The contract proposed by Nasdaq would use the CME CF benchmark as the underlying index and final settlement price. The order maintains the approval freeze and gives relevant parties until August 24 to submit supporting or opposing comments. The suspension has been in place since CME submitted the objection notice on June 11.

Foresight News reported that Zhao Changpeng commented on the Coldcard cold wallet vulnerability incident, stating that under the self-custody model, developers fixing the vulnerability cannot resolve issues with wallets already generated, and developers also cannot reach users who use air-gapped devices. Until users take proactive measures, their wallets will remain exposed to hacker attack risks. Zhao Changpeng expressed that he still believes in self-custody but also acknowledges that this model places the entire security responsibility on the users themselves.