"Visa CEO says the firm will be multi-coin, multi-chain" Jul 30, 2026

Visa CEO Ryan McInerney stated that Visa will remain multi-coin and multi-chain, positioning the company as a connector to whichever stablecoins and networks gain adoption rather than picking winners. Circle suggested Visa could function as a stablecoin of stablecoins, benefiting as digital dollars become increasingly interchangeable, though Bernstein played down the strategic significance of that framing. Visa was also among more than 140 companies backing the planned OUSD launch later this year. OUSD intends to let businesses mint and redeem without fees or volume limits while sharing most reserve income with distribution partners, a structure seen as potentially more attractive than USDC or USDT.

The Solana Policy Institute warned that Congress has only days to advance major crypto legislation before election season makes bipartisan cooperation harder, urging Senate leaders to bring the Clarity Act to a floor vote before the August recess. The Senate Majority Leader said a vote is possible but depends on Democratic support. The latest Republican-led draft combines versions previously approved by two Senate committees and would establish clearer rules for digital assets while protecting non-custodial software developers from being classified as money transmitters. Disputes remain over enforcement and safe harbor language. Democrats raised conflict of interest concerns over President Trump's crypto ventures, prompting proposed ethics provisions that would temporarily bar public officials, employees, and their spouses from issuing or sponsoring digital assets through January 20, 2029.

Bernstein estimated that Core Scientific's new AMD partnership could generate roughly 14 billion dollars over 15 years from 530 megawatts of AI infrastructure capacity, with total project spending expected at about 6 billion dollars including approximately 1 billion already invested. Core Scientific plans to finance the remainder with project-level bonds. Bernstein noted that direct leases to investment-grade tenants lower both financing costs and counterparty risk, and the AMD deal reflects a broader trend of chipmakers supporting long-term leases that help former Bitcoin miners convert powered sites into AI data centers.

Aave has proposed removing 50 low-adoption asset reserves, 21 matured Pendle principal tokens, and six smaller blockchain deployments, affecting about 98 million dollars in supplied assets and 15 million dollars in outstanding debt. The targeted reserves no longer justify the cost of maintaining price feeds, liquidation systems, and ongoing monitoring. Affected markets would be frozen, supply and borrowing caps cut to one unit, and reserve factors and interest rates raised to push users toward closing positions. The overhaul follows the roughly 292 million dollar Kelpdao Bridge exploit, which exposed Aave to possible bad debt.

Ostium disclosed that its July 15th exploit, which drained 23 million USDC from its liquidity provider vault, resulted from compromised off-chain infrastructure rather than a flaw in smart contracts or the protocol multisig. The attacker used unauthorized access to submit fraudulent price reports, first testing with a 100 USDC position that generated nearly 898 USDC in fake profits before scaling up. Ostium said monitoring systems detected the activity and prevented additional withdrawals, that trader collateral and user margin were unaffected, and that the protocol moved to a new production environment and resumed trading on July 23rd, with a separate recovery plan for liquidity providers still being prepared.

BitRiver founder Igor Runets was moved from house arrest to pre-trial detention for at least two months on large-scale fraud charges. The case allegedly caused about 12 million dollars in damages tied to a crypto mining equipment deal. In January 2026 a court placed BitRiver's parent company Fox Group under bankruptcy monitoring over an unpaid 9 million dollar debt linked to a separate unfulfilled equipment contract.