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🇨🇳 China's Ministry of State Security has issued a warning: collecting biometric data poses a threat not only to privacy but also to national security. An example is a foreign project scanning irises under the guise of distributing tokens—likely referring to Worldcoin, which offers WLD in exchange for eye scans using their Orb devices. What are the risks? - The iris is like a fingerprint—unique to every individual. - If this data is leaked, it cannot be "changed" like a password—it's permanent. - Such data can be used for identity fraud, hacking biometric systems, or even espionage. Authorities urge people to avoid sharing biometric data unless absolutely necessary and to report suspicious initiatives. There are already precedents: Worldcoin is under investigation in France, Germany, and Kenya. #WLD
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✈ Pavel Durov's personal Telegram account was temporarily deleted – the reason is unknown. However, his Russian and English channels continued to operate. After some time, the account was restored. #TON #BTCUnbound
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🇰🇷 BDACS launches custodial services for XRP in South Korea. The regulated crypto custodian has opened access to XRP for institutional clients—the first major step following February's partnership. Storage is secured via Ripple Custody, with plans to add the stablecoin RLUSD in the future. 👉 Low-impact now: Custodial access for XRP lacks near-term fiat pipes or billion-dollar demand; watch SEC's spot-SOL ETF decisions for institutional adoption signals. #XRP #RLUSD
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**😐 Former Top SEC Official Claims Liquid Staking Could Trigger Market Crash** Amanda Fischer (former chief of staff to Gary Gensler) believes liquid staking is "rehypothecation 2.0" and could lead to a collapse similar to the 2008 financial crisis. She argues that assets can be endlessly "restaked" without oversight. The crypto industry responded sharply: - **Matthew Sigel (VanEck):** "You contradict yourself—first, the SEC 'blesses crypto,' then claims it's unregulated. Which is it?" - **Joe Doll (Magic Eden):** "This is either a misunderstanding or a deliberate misrepresentation of liquid staking." - **Mert Mumtaz (Helius Labs):** "Comparing decentralized, transparent systems to the shady schemes of the financial crisis is absurd." #BTCUnbound #BTCUnbound
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🚀 Top News of the Day (Tuesday, August 5th) - SEC and stablecoin accounting - U.S. political committee pushing for BTC adoption ⚠️ White House preparing a crackdown on debanking - Hackers targeting updated ETH addresses - Whales accumulating ETH - SEC defends TornadoCash - Ukraine considering crypto bill ⚠️ Bybit giving away 20,000,000 TOWNS - Loophole in GENIUS - New gold rush - MANTRA partners with Inveniam - British legend stands firm ⚠️ Donald Trump’s speeches - BTC reserves in Indonesia - Amazon Web Services and TON - $100M LTC reserve - Major catalyst for crypto market - LONG position liquidations - U.S. macro data impact on BTC - Michigan pension fund and BTC - BTC sales volume - SEC on liquid staking tokens - Pavel Durov on Verb Technology - Solana Seeker supply - Traders betting on BTC drop - MetaMask stablecoin - Anonymous number sold for $380K 👉 Low-impact now: Most headlines lack near-term fiat pipes or billion-dollar demand (e.g., state bills, whale accumulations). Watch SEC's spot-SOL ETF window (Aug 31+) for institutional flows. #BTC #ETH #TOWNS #LTC #MANTRA
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