News linked to both this project and an event.
According to the quarterly Security and Compliance Report by Hacken, 67 security incidents in the Web3 space resulted in losses of $763.9 million in Q2 2026, making it the most severe quarter since Q2 2025. Compromised keys and infrastructure accounted for 88.3% of the stolen funds, approximately $674.5 million. Smart contract vulnerabilities remained the most common type of attack, linked to 44 out of the 67 incidents, but corresponding losses represented only about 11% of the total. Approximately 75.5% of the losses stemmed from two incidents attributed to North Korean threat actors, and 14 audited protocols were breached during the quarter. Leo Fan, founder of Cysic, stated that an audit is a point-in-time assessment of a specific codebase and does not automatically cover signature devices, cloud infrastructure, operational permissions, subsequent upgrades, third-party dependencies, or old contracts that remain callable. Samuel Videau, CTO of Genius, pointed out that nearly 90% of losses came from compromised keys, signers, and infrastructure. Multiple security leaders noted that Web3 security requires layered defenses including real-time monitoring, key management, multi-party authorization, and bug bounty programs. Leo Fan expects that operational access control attacks will continue to dominate losses in the second half of 2026, including social engineering, credential theft, compromised signers, cloud or CI/CD intrusions, and attacks on off-chain validator infrastructure.
In response to public accusations by Du Jun, Co-founder of Huobi and ChainUP and Founder of Vernal Capital, Metagent Co-founder and former CTO Li Bojie (@bojie_li) issued a response. Li Bojie stated that ABCDE Capital committed to investing $1.5 million in the investment agreement, but actually only $500,000 was received, with the remaining $1 million never arriving, yet the company's cap table continued to record their equity based on the $1.5 million share. Affected by this, he and the co-founders voluntarily reduced their salaries, and the company's recruitment and R&D also fell into difficulties. In October 2024, Li Bojie officially resigned with board approval, citing personal family reasons preventing him from leaving mainland China and compliance risks existing in Web3 projects. He stated that during his tenure, he always fulfilled the responsibility of disclosing the cap table and business status on schedule, and after resignation, he also complied with non-compete clauses, voluntarily avoiding startup projects in fields such as Web3, AI infra, and image generation. Previously, Du Jun publicly posted stating that Li Bojie is the "founder with the least contractual spirit" he has ever cooperated with, accusing him of refusing to fulfill basic obligations agreed in the investment agreement, including refusing to synchronize business progress and financial status with investors, and subsequently losing contact.
Bitwise Chief Investment Officer Matt Hougan stated that privacy is becoming a core infrastructure direction for the next phase of the crypto industry. Recently, three institutional-grade blockchains focused on stablecoins and asset tokenization—Arc, Canton, and Tempo—have accumulated over $1 billion in total funding, indicating a rapidly growing demand from institutions for "privacy-friendly on-chain financial systems."Among them, stablecoin issuer Circle contributed $222 million in funding for Arc, giving it a valuation of approximately $3 billion; Digital Asset’s Canton blockchain is reportedly seeking $300 million in funding at a $2 billion valuation; and Tempo, backed by Stripe and Paradigm, has previously completed $500 million in funding at a valuation of $5 billion.Hougan noted that this funding wave reflects three major trends: the gradual clarification of the U.S. regulatory framework, increased institutional demand for on-chain privacy, and intensified competition among new blockchain networks supported by large enterprises. Current public blockchains still face structural trade-offs between speed, cost, security, and privacy. However, scenarios involving stablecoins and RWA tokenization require systems that simultaneously offer high performance, compliance, and privacy, making “verifiable privacy” a critical prerequisite for institutional adoption of on-chain finance.Hougan further stated that, for enterprises, “all transactions being publicly broadcast” is not an advantage but a potential flaw. In the future, users and institutions may find it increasingly difficult to accept a fully transparent on-chain financial environment. He believes that privacy capabilities could become the “killer app” driving the crypto industry into its next phase of mainstream adoption. Additionally, following the passage of the U.S. Genius Act in 2025, regulatory certainty has significantly increased, providing a clearer policy foundation for institutional funds to enter the crypto infrastructure space. (CoinDesk)
Genius Group, a Nasdaq-listed bitcoin treasury company, has disclosed a strategic investment of $5 million in digital bank Jewel Bank, acquiring a 9.9% equity stake in the company. It is reported that Jewel Bank is developing a U.S. dollar stablecoin, JUSD, planned to be backed by a 1:1 reserve of cash and U.S. Treasury bonds, with a target launch in the second half of 2026. The bank will also launch a real-time settlement system and offer white-label banking and stablecoin infrastructure services for enterprises. Following this investment, Genius Group will enter the regulated digital banking and stablecoin issuance sector. (Globenewswire)
According to Bloomberg, 39 signatories—including Nasdaq, the Boerse Stuttgart Group, and fintech associations from multiple countries—have called on the European Commission and the European Parliament to expedite the review of the Distributed Ledger Technology (DLT) Pilot Regime as a standalone piece of legislation and to separate it from the EU’s Market Integration and Supervision program. The signatories warned that if the overall negotiation process drags on, Europe risks falling behind the United States in DLT adoption. They urged the removal of asset-class restrictions, an increase in the aggregate transaction volume cap to €150 billion, and the elimination of license time limits. The letter also noted that the U.S. has already established a stablecoin regulatory framework through the GENIUS Act and is rapidly establishing leadership in tokenized assets. The European Commission is currently pushing for a swift resolution of the entire regulatory package, viewing it as a key component of its Capital Markets Union initiative. Financial Services Commissioner Maria Luisa Albuquerque has previously called repeatedly for all legislative proposals to be adopted simultaneously.