Daily Recap — June 24

Lead stories

Thailand uncovered one of the largest crypto-related schemes of recent years — a network of illegal mining farms allegedly laundered more than $300 million annually from phone scams and online gambling operations.

The Happ app disappeared from the Russian App Store. It was one of the most popular VPN client applications among Russian users.

The $1.7 million Taiko bridge hack turned out to be the result of a basic security mistake rather than a sophisticated smart contract exploit — the private key used to verify SGX enclave authenticity had been publicly accessible on GitHub for nearly two years.

Russia’s Ministry of Finance stated that upcoming crypto regulations will preserve cryptocurrency use cases for both individuals and businesses.

Strategy may need to slow down its Bitcoin purchases — the company’s annual dividend obligations have nearly quadrupled to $1.2 billion, while its cash reserves have declined by 38% during 2026.

Trump signed an executive order accelerating the U.S. transition to post-quantum cryptography. However, analysts noted that Bitcoin presents a different challenge, as a decentralized network cannot be upgraded by a directive from the White House.

The Bitcoin network is experiencing its highest load in two years, processing around 820,000 transactions per day, with Runes once again being the primary driver of activity.

Part of the Cardano ecosystem is under threat — following the SecondFi hack, attackers have already withdrawn approximately 16 million ADA from 374 wallets.

Bitcoin maximalist Corey Klippsten criticized Zcash, calling it a “coordinated San Francisco scam,” arguing that privacy is marketed as a major feature while most coins ultimately remain on exchanges.

OpenAI and Broadcom introduced Jalapeno, a large-scale AI chip designed for running LLMs. The chip aims to eliminate one of the biggest bottlenecks in modern AI systems — the constant data transfer race between processing cores and memory.

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