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Project Collapses, BIP-110 Fails & $1.1B Hacked: Crypto's Stress Test
Audio is available on Spreaker — see link below.
Over 100 crypto projects are shutting down in 2026, Bitcoin's BIP-110 fork collapsed at 2.53% support, and DeFi hacks have already surpassed $1.1 billion this year. Today's briefing covers the consolidation shakeout, EU MiCA stablecoin review, Coldcard's custody crisis, and zombie contract risks heading into September.
Audio is available on Spreaker — see link below.
More than one hundred crypto projects are shutting down in 2026. Not pausing.
While the industry consolidates, regulators are moving. The European Commission has launched a formal consultation on its Markets in Crypto-Assets regulation, with a specific focus on foreign stablecoin issuers.
Bitcoin's governance produced a clear result this week. The BIP-110 soft fork proposal, which would have restricted non-financial data written to the blockchain, began mandatory miner signaling at block nine-hundred-sixty-one-thousand-six-hundred-thirty-two.
On security, the numbers for the first half of twenty-twenty-six are stark. Two-hundred-twelve hacking incidents.
One underappreciated thread connecting these security stories is the zombie contract problem. When protocols shut down, their smart contracts stay live on-chain.
The near-term signals worth tracking are straightforward. The EU consultation deadline of September thirtieth will indicate whether foreign stablecoin issuers face genuine market-access risk in Europe.
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