2026-07-21 06:00 UTC | BLOCK 958973
BITCOIN $65,595 | GOLD $4,059 | OIL $88.54
1. Britain scraps electricity VAT and cancels digital-ID program
-- Prime Minister Andy Burnham will cut domestic electricity VAT from 5% to zero on October 1, funding the £850 million first-year cost by canceling a planned £1.8 billion digital-ID program.
-- The government estimates the measure will trim about £45 from annual household bills and lower CPI inflation by 0.1 percentage point, while ending a major state-identity project before deployment.
2. Ostium loses $23.75 million through compromised price infrastructure
-- An attacker fed illegitimate prices into the Arbitrum-based trading protocol, extracted $23.75 million from its liquidity-provider vault and converted much of the proceeds to ether before routing funds through Tornado Cash.
-- Trader collateral was segregated and spared, but frozen positions and a five-day trading halt show how off-chain oracle infrastructure can undermine otherwise intact smart contracts.
3. France advances social-media ban for children under 15
-- French lawmakers are expected to approve legislation Tuesday barring children younger than 15 from social-media platforms, according to France 24.
-- Compliance would likely require platforms to verify users' ages, widening the tradeoff between child-safety enforcement and anonymous access across the European digital market.
4. SBI Funds jumps 8.5% after $1 billion Mumbai IPO
-- SBI Funds Management shares rose 8.5% in their Tuesday debut after a heavily subscribed $1 billion initial public offering, Bloomberg reported.
-- Strong demand for the asset manager signals that Indian equity issuance can still attract capital despite elevated energy and geopolitical risks.
BITCOIN $65,595 | GOLD $4,059 | OIL $88.54
1. Britain scraps electricity VAT and cancels digital-ID program
-- Prime Minister Andy Burnham will cut domestic electricity VAT from 5% to zero on October 1, funding the £850 million first-year cost by canceling a planned £1.8 billion digital-ID program.
-- The government estimates the measure will trim about £45 from annual household bills and lower CPI inflation by 0.1 percentage point, while ending a major state-identity project before deployment.
2. Ostium loses $23.75 million through compromised price infrastructure
-- An attacker fed illegitimate prices into the Arbitrum-based trading protocol, extracted $23.75 million from its liquidity-provider vault and converted much of the proceeds to ether before routing funds through Tornado Cash.
-- Trader collateral was segregated and spared, but frozen positions and a five-day trading halt show how off-chain oracle infrastructure can undermine otherwise intact smart contracts.
3. France advances social-media ban for children under 15
-- French lawmakers are expected to approve legislation Tuesday barring children younger than 15 from social-media platforms, according to France 24.
-- Compliance would likely require platforms to verify users' ages, widening the tradeoff between child-safety enforcement and anonymous access across the European digital market.
4. SBI Funds jumps 8.5% after $1 billion Mumbai IPO
-- SBI Funds Management shares rose 8.5% in their Tuesday debut after a heavily subscribed $1 billion initial public offering, Bloomberg reported.
-- Strong demand for the asset manager signals that Indian equity issuance can still attract capital despite elevated energy and geopolitical risks.
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