Top Fintech News Around the World — August 2, 2026

A security-dominated Saturday with the Coldcard hack reaching $88.6M in losses and triggering the largest surge in small Bitcoin transfers since FTX. Trump Media sold more Bitcoin at a loss while launching a controversial paid API. Coinbase reported a $359M Q2 loss but record market share. In Asia, SBI closed its Coinhako acquisition and Grab consolidated Superbank in Indonesia.

TLDR

Coldcard Hack $88.6M — Galaxy Research identifies third attack wave. 1,367 BTC from 4,585 addresses. Sub-1 BTC transfers hit highest since FTX. Attack still ongoing.
Trump Media Sells Bitcoin — Another 2,628 BTC sold at loss. Total $555M loss. Truth API launched at $100K/month. Warren-Schiff ask SEC to investigate.
Coinbase Q2 $359M Loss — Revenue $1.29B (down 19% QoQ). But record market share for 3rd consecutive quarter. Derivatives now rival spot.
Russia Bans Moscow Mining — Aug 15 through 2032. 1 GW mining load in Moscow power system. Grid management, not ideological ban.
Crypto PAC $2M Michigan — Protect Progress spending tops $2M in Aug 4 primary. Test of industry's ~$189M election strategy.
SBI Coinhako Acquisition — MAS approval secured. SBI builds linked exchange network across Singapore, Japan, US. [ASIA]
Grab Superbank Control — >50% ownership of Indonesia digital bank. 6M customers, 1M+ daily transactions. Ecosystem advantage. [ASIA]
Increase Bank Launch — Stripe's first employee launches FDIC bank. Collapses three-layer BaaS. One entity, one record.
Augustus $180M at $1B — Tiger Global leads Series B for clearing bank. "Time to dollarize the world."
Robinhood Tokenization — ~2,000 tokenized stocks/ETFs. $1B asset class. EU/EEA-first. Legal wrapper matters more than chain.

Top-10 notes

#	Title	Region
1	Coldcard Hack Losses Rise to $88.6M as Galaxy Research Tracks Third Attack Wave	Global
2	Trump Media Sells Another 2,628 BTC as Truth Social Launches Paid API	US
3	Coinbase Posts $359M Q2 Loss as Revenue Drops 19% — But Record Market Share Tells Different Story	US
4	Russia Bans Crypto Mining in Moscow From August 15 Through 2032	Russia
5	Crypto PAC Spending Tops $2M in Michigan House Race Ahead of August 4 Primary	US
6	SBI Holdings Closes Coinhako Acquisition With MAS Approval	[ASIA] Singapore
7	Grab Takes Control of Indonesia's Superbank, Deepening SE Asian Fintech Push	[ASIA] Indonesia
8	Increase Bank Launches — Stripe's First Employee Collapses Three-Layer BaaS Structure	US
9	Augustus Raises $180M at $1B Valuation to Build Global Dollar Clearing Bank	US/Global
10	Robinhood Accelerates Equity Tokenization Across US, UK, and Europe via Arbitrum Orbit L2	EU/Global

Follow-up reference notes

#	Title	Seed Question
REF-1	REF: Coldcard Hack — The Most Significant Hardware Wallet Security Failure in Bitcoin History	How did a five-year-old firmware bug lead to $88.6M in losses, and what does this mean for the self-custody vs ETF debate?
REF-2	REF: Trump Media's Bitcoin Treasury Disaster and the Truth API Securities Law Question	How does Trump Media's $555M Bitcoin loss and Truth API raise questions about securities law and presidential conflicts?
REF-3	REF: Coinbase Q2 2026 — Revenue Miss Masks Structural Market Share Gains	How does Coinbase's Q2 reveal the tension between near-term revenue cyclicality and long-term structural moat-building?
REF-4	REF: Russia's Regional Mining Bans — Grid Management or Crypto Crackdown?	How does Russia's progressive regional approach to mining regulation compare to other jurisdictions?
REF-5	REF: SBI Holdings' Multi-Jurisdiction Crypto Exchange Network Strategy	How is SBI building a linked exchange network across Singapore, Japan, and the US?
REF-6	REF: Grab's Superbank Consolidation — From Super-App to Financial Conglomerate	How does Grab's ecosystem model create structural advantages over standalone digital banks?
REF-7	REF: Increase Bank — The Architectural Response to the BaaS Regulatory Crisis	How does Increase Bank's architecture solve the structural problems that caused the Synapse collapse?
REF-8	REF: Robinhood's Equity Tokenization — A Reference Architecture for Regulated Tokenized Securities	How does Robinhood's architecture provide a reference design for enterprise tokenization?

← Back to Daily Fintech News Index