Latest / QuantAlpha Digital Asset Update
Aug 7 — Russia crypto law, $89M hack, and Circle's Arc launch
• Putin signed Russia's first crypto law allowing retail trading up to 300,000 rubles annually while banning crypto payments — a major economy opens a legal market but keeps the ruble ring-fenced. • 4,585 Coldcard hardware-wallet addresses were drained for $89M this week — a breach at this scale directly undermines the self-custody security argument that underpins much of crypto's value proposition. • Circle confirmed Arc Mainnet launches September 16 with BlackRock, DTCC, Mastercard, Visa and others as founding validators — TradFi's biggest names are now building core infrastructure on a…
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