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Figure completes $717 million acquisition of Kiavi, adding over $7 billion in tokenized loans
According to Cryptopolitan, Figure Technology Solutions officially completed its $717 million acquisition of U.S. residential real estate lending institution Kiavi on September 1. The transaction consists of two parts: Figure's acquisition of Kiavi's technology and operations platform, and the establishment of a joint venture with Sixth Street to take over the loan assets. The actual cash consideration paid by Figure was approximately $590 million, primarily financed through the issuance of $600 million in 8.5 percent senior notes maturing in 2031. Following the acquisition, Kiavi is expected to add over $7 billion in annual primary mortgage volume to Figure Connect, with more than $100 million flowing into Figure's on-chain lending platform, Democratized Prime, each month. Kiavi will also bring technological assets such as an AI-driven property valuation engine and automated document review capabilities, becoming the first deployment scenario for Adaptor, Figure's intelligent agent product. Kiavi CEO Arvind Mohan will step into the role of Chief Business Officer at Figure, overseeing platform integration efforts.
Keel Infrastructure Shuts Down All US Bitcoin Mining Facilities, Sells Over 1,000 BTC to Pivot to AI Data Centers
According to Cryptopolitan, Bitcoin mining company Keel Infrastructure (formerly Bitfarms) released its Q2 2026 financial report this Monday, disclosing that the company has completed the shutdown of all its US Bitcoin mining farms, and sold 1,085 BTC between April 1 and August 7, cashing out approximately $75 million, and currently still holds 1,861 BTC on its balance sheet, valued at approximately $121 million. Financially, Keel's Q2 revenue was $30 million, down 50% year-over-year, mainly dragged down by weak Bitcoin prices and the shutdown of the Moses Lake mining farm; operating loss reached $141 million (including $84 million in non-cash depreciation), net loss from continuing operations was $64 million, and adjusted EBITDA was negative $24 million. Following the announcement, KEEL stock price fell more than 11% in a single day. In terms of strategic transformation, Keel is converting its core sites in Pennsylvania, Washington State, and Quebec into high-performance computing data centers; currently, permitting approvals for the three priority sites are nearly complete, and negotiations with potential tenants are underway. The company's current liquidity is approximately $819 million, including $698 million in unrestricted cash and $121 million in Bitcoin, and during the quarter, it also raised $458 million through convertible notes.
Euro stablecoins see a $156 million year-to-date increase, while USD stablecoin supply remains nearly stagnant.
According to Cryptopolitan, the latest data from Token Terminal indicates that the total supply of euro-denominated stablecoins reached $848.1 million on September 7, reflecting a year-to-date growth of approximately 22.6%, or a net increase of around $156 million. During the same period, US dollar stablecoins saw a net increase of merely $159 million; however, their base stands at $298.5 billion, making it 350 times larger than the euro stablecoin market. Regarding market concentration, EURC and EURCV collectively account for 82% of the euro stablecoin supply. EURCV, issued by SG-Forge—a digital asset subsidiary of Société Générale—holds a MiCA-compliant license and represents 19.6% of the market, marking it as the first stablecoin primarily backed by a licensed European bank subsidiary. On-chain distribution shows that Ethereum captured approximately $125 million in new issuances year-to-date, claiming a 69.4% market share, while Solana added around $30 million, securing 14.7%. Combined, these two chains accounted for nearly all annual growth. Conversely, Base witnessed a contraction, declining from $73.9 million to $58.7 million. Analysts point out that the expansion of euro stablecoins is predominantly supply-driven by issuers rather than demand-pulled by users. Liquidity for euro pairs within DeFi lending pools and perpetual contracts remains sparse, indicating that the supply-demand imbalance has yet to be resolved.
German AfD secures a decisive victory in Saxony-Anhalt as the debate over Bitcoin tax exemption policies intensifies
According to Cryptopolitan, the far-right German Alternative for Germany (AfD) secured first place in the Saxony-Anhalt state election with a 43.8% vote share, winning 39 out of 83 seats, while the CDU's vote share plummeted to 17.2%. While this victory does not directly affect federal tax law, it will further strengthen the AfD's voice in Berlin's discussions on cryptocurrency tax reform. The AfD has consistently advocated for retaining the 12-month holding period tax exemption for Bitcoin and opposes classifying private mining and Lightning Network node operations as commercial taxable activities. In contrast, the German Federal Ministry of Finance plans to scrap this exemption, aiming to generate at least €1 billion in additional annual revenue.
American Bitcoin Director Invests $1.9 Million to Increase Company Stock Holdings
According to Cryptopolitan, the stock price of American Bitcoin (NASDAQ: ABTC), a Bitcoin mining company associated with the Trump family, rose about 10% in a single day on Monday, from $6.47 to $7.11. Triggering this rebound was a disclosure in regulatory filings: company director and Tinder co-founder Justin Mateen purchased a total of 306,981 shares over two consecutive days from August 5 to 6, totaling approximately $1.93 million, marking the largest insider purchase within the company in the past 12 months.
South Korea FSS Upgrades Anti-Fraud System, Crypto Assets Included in Voice Phishing Compensation Coverage
According to Cryptopolitan, South Korea's Financial Supervisory Service (FSS) has launched a three-month fraud refund system reconstruction project with a budget of approximately 119 million Korean won. This upgrade aims to align with the revised "Telecommunications Fraud Damage Compensation Act" amended on March 31 this year—the bill will officially take effect on October 1, formally incorporating virtual assets into the scope of "damaged property" and "refundable property." The new system will support calculating compensation amounts based on token type and quantity, using the Korean won value at the time funds were frozen as a reference benchmark, while also possessing the ability to disentangle mixed fraud funds across multiple accounts. Major exchanges such as Upbit, Bithumb, Coinone, Korbit, and GOPAX will be required to assume anti-fraud and victim relief obligations equivalent to those of banks at that time, including verifying transaction purposes, monitoring suspicious funds, and freezing suspected accounts.
CLARITY Act Feared Delayed Until 2027, Large Crypto Enterprises May Leverage Regulatory Vacuum to Expand Advantage
According to Cryptopolitan, the U.S. Senate is scheduled to enter recess on August 7, leaving an extremely limited window for the CLARITY Act to pass before then. If voting is not completed this week, the next feasible window will be delayed until September, and if missed again, it could be postponed until after the midterm elections, meaning enactment may not occur until 2027. The main disagreement over the bill currently lies in the Democrats' insistence on adding crypto ethics clauses for senior government officials, but the consolidated draft has not yet incorporated relevant provisions. During the regulatory vacuum, large institutions such as Coinbase and Circle are better equipped to adapt to the uncertain environment due to their capital strength—ARK Invest increased its holdings in both companies this week, and Circle was approved for a federal national trust bank charter in July—while small and medium-sized crypto enterprises and DeFi projects continue to face pressure. In terms of the market, Polymarket data shows that the probability of the CLARITY Act passing within 2026 has dropped to 23%, a significant decline from Galaxy Research's prediction of 67%–75% in mid-May.
Bank of Russia Releases Draft Regulatory Rules for Crypto Exchanges and Custodians
According to Cryptopolitan, the Central Bank of Russia (CBR) has released a draft of supporting regulatory rules for the cryptocurrency market, covering registration and operational requirements for crypto exchanges, digital depository institutions, and token issuers. The draft stipulates that the minimum net assets of digital depository institutions must range between 50 million and 250 million rubles (approximately $600,000 to $3 million), depending on the nature of the business. These rules will supplement the "Law on Digital Currency and Digital Rights" passed by the Russian State Duma earlier this month, which is expected to officially take effect on September 1, 2026. Under the new framework, non-qualified investors are limited to purchasing mainstream assets such as BTC, ETH, and USDT annually, with a cap of $4,000; industry participants will have a transition period until March 1, 2027, to complete compliance and approval procedures.
AI Lowers Quantum Attack Costs, Bitcoin's Post-Quantum Migration Window Narrows
According to Cryptopolitan, over 100 researchers used AI coding agents to reduce the quantum attack resource score for Bitcoin's secp256k1 elliptic curve point addition subroutine by 86.1% (from 10.75 billion to 1.496 billion). This optimization only targeted a single step within Shor's algorithm and did not crack any private keys or transfer funds; a full-scale attack still requires fault-tolerant quantum hardware that does not yet exist. However, each efficiency gain is compressing the time window for blockchains to complete their post-quantum migration. According to Glassnode data, approximately 6.04 million BTC (30.2% of the circulating supply) currently faces potential quantum risk due to publicly exposed on-chain public keys. Ethereum plans to achieve full quantum resistance before December 2029, while the Bitcoin community faces greater governance challenges, including how to handle approximately 1.7 million dormant coins held in P2PK addresses suspected to belong to Satoshi, which remains unresolved.
Grok has an "Encrypted Context Injection" vulnerability, putting user chat data at risk of leakage.
According to Cryptopolitan, cybersecurity firm Adversa AI has disclosed that xAI's AI assistant Grok contains a security vulnerability known as "Encrypted Context Injection." Attackers can embed encrypted commands within standard web pages. When a user requests Grok to summarize such a page, Grok automatically decrypts and executes the hidden command, forwarding the user's name, geographic location, subscription tier, and complete chat history to the attacker's server. The vulnerability was reported to xAI through the HackerOne platform on June 3, 2026. Researcher Rony Utevsky followed up on August 4 and August 10, respectively. However, as of August 19, the vulnerability remains unpatched on Grok.com, and xAI has not provided a timeline for a fix.
“Godfather” cryptocurrency kidnapping case mastermind pleads guilty, faces up to 35 years in prison
According to Cryptopolitan, Adam Iza—a 25-year-old cryptocurrency entrepreneur from California, nicknamed “The Godfather”—formally pleaded guilty on June 1 to orchestrating the kidnapping of a couple from Connecticut. The incident stemmed from the couple’s son, Veer Chetal, who allegedly stole 4,100 bitcoins (valued at approximately $245 million) via social engineering. In response, Iza planned to kidnap Chetal’s parents to recover the stolen funds. On August 25, 2024, the criminal group staged a rear-end collision near Danbury High School, forcibly abducted the victims, and assaulted them. However, the operation quickly unraveled after multiple witnesses called the police and nearby FBI agents intervened; all six participants were apprehended and have since pleaded guilty. Additionally, in a separate case in California, Iza also pleaded guilty to charges including wire fraud, tax evasion, and directing law enforcement officers to conduct illegal surveillance for extortion purposes. California prosecutors are separately seeking a 35-year prison sentence.
North Korean hacker group Lazarus Group deploys fileless RemotePE Trojan to target cryptocurrency firms and banks
According to Cryptopolitan, the North Korea–linked hacker group Lazarus Group has been found deploying the fileless remote access Trojan RemotePE, primarily targeting banks, cryptocurrency exchanges, and fintech companies. This malware runs entirely in memory and employs process hollowing, anti-analysis detection techniques, and encrypted C2 communications—making it difficult for traditional antivirus and forensic tools to detect. The report states that attacks typically begin with Telegram-based social engineering: attackers impersonate employees of trading firms and lure victims into installing malicious software using forged Calendly and Picktime links, ultimately executing the payload without touching the file system.
Tokenized RWAs Surpass $38 Billion, Market Focus Shifts from Listing to Utility
According to Cryptopolitan, the on-chain market size of tokenized real-world assets (RWA) has surpassed $38.6 billion, with over 4.24 million holding addresses. Among these, US Treasuries account for the largest share at over $15.9 billion; commodities $4.9 billion, active strategies $3.6 billion, asset-backed credit $2.56 billion, and tokenized stocks $2.52 billion. In terms of on-chain distribution, Ethereum leads with $17.3 billion, followed by BNB Chain at $5.6 billion, while Solana ranks third with $4.3 billion.
RWA DeFi Deposits Surpass $3.98 Billion, 6x Growth in One Year
According to Cryptopolitan, data from the on-chain data platform DefiLlama shows that as of August 18, the active deposit size of Real World Assets (RWA) in DeFi protocols has reached $3.98 billion, representing an approximately 6-fold increase compared to $651 million a year ago; three years ago, this figure was only $12 million. The current total issuance of tokenized RWA is $34.55 billion, but the actual on-chain utilization rate is only about 11.5%. Of this, private credit accounts for over half of the active total with $2.13 billion, bonds contribute $799 million, and reinsurance contributes $406 million. In contrast, the utilization rate of tokenized treasury bonds is extremely low—BlackRock BUIDL issuance reaches $2.74 billion, but on-chain deployment is only $18 million, with a utilization rate of only 0.66%; Franklin Templeton BENJI utilization rate is zero. Analysis points out that such products are designed specifically for institutional cash management, where holders pursue treasury yields rather than lending capabilities; tokenization only improves settlement efficiency and does not convert them into collateral.
Compound Approves $52 Million Budget for Full Transition to Institutional DeFi
According to Cryptopolitan, DeFi lending protocol Compound approved a record $52 million two-year development budget via DAO voting and completed leadership restructuring, announcing a full pivot to the institutional market. The COMP token subsequently rose over 10% within 24 hours, currently trading at around $18. Regarding the budget, $14 million has been authorized for immediate use, with the remaining funds unlocked in batches based on milestones. In terms of fund allocation, approximately $28 million is designated for operations and R&D for the new version Compound V4, and $24 million for growth, of which $8 million to $10 million is specifically allocated for institutional partnerships. The V4 core adopts a "hub-and-spoke" architecture, centralizing fund scheduling through a central hub to meet higher institutional requirements for risk control. Currently, over 10 partners have confirmed joining, with another 20+ currently in negotiations.
Former Bitcoin Miner IREN Completes First Milestone of $9.7 Billion Microsoft AI Contract
According to Cryptopolitan, former Bitcoin mining company IREN announced the completion of the first milestone of its $9.7 billion, five-year contract with Microsoft — the official delivery of the Horizon 1 facility located in Childress, Texas. The facility is 50 megawatts in scale, equipped with Nvidia GB300 systems and direct chip-level liquid cooling technology, and has received the Exemplar Cloud certification awarded by Nvidia. Under the contract terms, Microsoft will complete GPU acceptance verification within five days; upon approval, IREN can commence monthly billing, with expected annualized revenue of approximately $1.94 billion after all four Horizon facilities go online. IREN plans to complete the deployment of all four phases totaling 200 megawatts by 2026, expand AI cloud computing power to 1.2 gigawatts by 2027, simultaneously exit the Bitcoin mining business, and target a full-year AI cloud revenue run rate exceeding $4 billion.
South Korea FSS Upgrades Anti-Fraud System, Crypto Assets Included in Voice Phishing Compensation Coverage
According to Cryptopolitan, South Korea's Financial Supervisory Service (FSS) has launched a three-month fraud refund system reconstruction project with a budget of approximately 119 million Korean won. This upgrade aims to align with the revised "Telecommunications Fraud Damage Compensation Act" amended on March 31 this year—the bill will officially take effect on October 1, formally incorporating virtual assets into the scope of "damaged property" and "refundable property." The new system will support calculating compensation amounts based on token type and quantity, using the Korean won value at the time funds were frozen as a reference benchmark, while also possessing the ability to disentangle mixed fraud funds across multiple accounts. Major exchanges such as Upbit, Bithumb, Coinone, Korbit, and GOPAX will be required to assume anti-fraud and victim relief obligations equivalent to those of banks at that time, including verifying transaction purposes, monitoring suspicious funds, and freezing suspected accounts.
Keel Infrastructure Shuts Down All US Bitcoin Mining Facilities, Sells Over 1,000 BTC to Pivot to AI Data Centers
According to Cryptopolitan, Bitcoin mining company Keel Infrastructure (formerly Bitfarms) released its Q2 2026 financial report this Monday, disclosing that the company has completed the shutdown of all its US Bitcoin mining farms, and sold 1,085 BTC between April 1 and August 7, cashing out approximately $75 million, and currently still holds 1,861 BTC on its balance sheet, valued at approximately $121 million. Financially, Keel's Q2 revenue was $30 million, down 50% year-over-year, mainly dragged down by weak Bitcoin prices and the shutdown of the Moses Lake mining farm; operating loss reached $141 million (including $84 million in non-cash depreciation), net loss from continuing operations was $64 million, and adjusted EBITDA was negative $24 million. Following the announcement, KEEL stock price fell more than 11% in a single day. In terms of strategic transformation, Keel is converting its core sites in Pennsylvania, Washington State, and Quebec into high-performance computing data centers; currently, permitting approvals for the three priority sites are nearly complete, and negotiations with potential tenants are underway. The company's current liquidity is approximately $819 million, including $698 million in unrestricted cash and $121 million in Bitcoin, and during the quarter, it also raised $458 million through convertible notes.
Related news
Tokenized RWAs Surpass $38 Billion, Market Focus Shifts from Listing to Utility
According to Cryptopolitan, the on-chain market size of tokenized real-world assets (RWA) has surpassed $38.6 billion, with over 4.24 million holding addresses. Among these, US Treasuries account for the largest share at over $15.9 billion; commodities $4.9 billion, active strategies $3.6 billion, asset-backed credit $2.56 billion, and tokenized stocks $2.52 billion. In terms of on-chain distribution, Ethereum leads with $17.3 billion, followed by BNB Chain at $5.6 billion, while Solana ranks third with $4.3 billion.
AI Lowers Quantum Attack Costs, Bitcoin's Post-Quantum Migration Window Narrows
According to Cryptopolitan, over 100 researchers used AI coding agents to reduce the quantum attack resource score for Bitcoin's secp256k1 elliptic curve point addition subroutine by 86.1% (from 10.75 billion to 1.496 billion). This optimization only targeted a single step within Shor's algorithm and did not crack any private keys or transfer funds; a full-scale attack still requires fault-tolerant quantum hardware that does not yet exist. However, each efficiency gain is compressing the time window for blockchains to complete their post-quantum migration. According to Glassnode data, approximately 6.04 million BTC (30.2% of the circulating supply) currently faces potential quantum risk due to publicly exposed on-chain public keys. Ethereum plans to achieve full quantum resistance before December 2029, while the Bitcoin community faces greater governance challenges, including how to handle approximately 1.7 million dormant coins held in P2PK addresses suspected to belong to Satoshi, which remains unresolved.
Euro stablecoins see a $156 million year-to-date increase, while USD stablecoin supply remains nearly stagnant.
According to Cryptopolitan, the latest data from Token Terminal indicates that the total supply of euro-denominated stablecoins reached $848.1 million on September 7, reflecting a year-to-date growth of approximately 22.6%, or a net increase of around $156 million. During the same period, US dollar stablecoins saw a net increase of merely $159 million; however, their base stands at $298.5 billion, making it 350 times larger than the euro stablecoin market. Regarding market concentration, EURC and EURCV collectively account for 82% of the euro stablecoin supply. EURCV, issued by SG-Forge—a digital asset subsidiary of Société Générale—holds a MiCA-compliant license and represents 19.6% of the market, marking it as the first stablecoin primarily backed by a licensed European bank subsidiary. On-chain distribution shows that Ethereum captured approximately $125 million in new issuances year-to-date, claiming a 69.4% market share, while Solana added around $30 million, securing 14.7%. Combined, these two chains accounted for nearly all annual growth. Conversely, Base witnessed a contraction, declining from $73.9 million to $58.7 million. Analysts point out that the expansion of euro stablecoins is predominantly supply-driven by issuers rather than demand-pulled by users. Liquidity for euro pairs within DeFi lending pools and perpetual contracts remains sparse, indicating that the supply-demand imbalance has yet to be resolved.
German AfD secures a decisive victory in Saxony-Anhalt as the debate over Bitcoin tax exemption policies intensifies
According to Cryptopolitan, the far-right German Alternative for Germany (AfD) secured first place in the Saxony-Anhalt state election with a 43.8% vote share, winning 39 out of 83 seats, while the CDU's vote share plummeted to 17.2%. While this victory does not directly affect federal tax law, it will further strengthen the AfD's voice in Berlin's discussions on cryptocurrency tax reform. The AfD has consistently advocated for retaining the 12-month holding period tax exemption for Bitcoin and opposes classifying private mining and Lightning Network node operations as commercial taxable activities. In contrast, the German Federal Ministry of Finance plans to scrap this exemption, aiming to generate at least €1 billion in additional annual revenue.
Figure completes $717 million acquisition of Kiavi, adding over $7 billion in tokenized loans
According to Cryptopolitan, Figure Technology Solutions officially completed its $717 million acquisition of U.S. residential real estate lending institution Kiavi on September 1. The transaction consists of two parts: Figure's acquisition of Kiavi's technology and operations platform, and the establishment of a joint venture with Sixth Street to take over the loan assets. The actual cash consideration paid by Figure was approximately $590 million, primarily financed through the issuance of $600 million in 8.5 percent senior notes maturing in 2031. Following the acquisition, Kiavi is expected to add over $7 billion in annual primary mortgage volume to Figure Connect, with more than $100 million flowing into Figure's on-chain lending platform, Democratized Prime, each month. Kiavi will also bring technological assets such as an AI-driven property valuation engine and automated document review capabilities, becoming the first deployment scenario for Adaptor, Figure's intelligent agent product. Kiavi CEO Arvind Mohan will step into the role of Chief Business Officer at Figure, overseeing platform integration efforts.
Robinhood Chain's tokenized stock daily trading volume hits a new record at $85.1 million
According to Cryptopolitan, Robinhood Chain recorded $85.1 million in on-chain real-world asset (RWA) trading volume on August 25, setting a new all-time high. Tokenized stock trades contributed $66.6 million, accounting for approximately 78%; ETF and U.S. Treasury-related transactions totaled $4.8 million, and commodity trades reached $3.3 million. Data shows that the share of memecoin and stock-token trading pairs has declined from a peak of 73% on July 26 to approximately 12%, indicating a shift in on-chain trading activity from short-term speculation toward demand primarily focused on stock tokens.