[News Brief] Jul 25, morning | EU bans transactions with 14 non-EU crypto platforms and entities to curb Russian sanctions evasion

EU bans transactions with 14 non-EU crypto platforms and entities to curb Russian sanctions evasion

The EU has imposed transaction bans on 14 non-EU crypto platforms and entities as part of efforts to prevent the evasion of sanctions against Russia.

Source: Wu Blockchain. According to TRM Labs, on July 23 the Council of the European Union adopted its 21st sanctions package against Russia and added Rapira, Iphori Pro, ABCeX, Whitebird, Noorwin Crypto, TradeX, Moneys, Bitpapa, Exnode and Exnode Pay, HTX, EXMO, A7 Nigeria, A7 Africa, and Pilot Finance to the list of prohibited counterparties.

The targeted firms are reportedly based in Georgia, Panama, the United Arab Emirates, the Marshall Islands, Kyrgyzstan, and Belarus. The package also includes authority for the EU to restrict the crypto services of an entire third country if platforms in that jurisdiction are found to be helping Russia evade sanctions.

A total of 218 designations were added under the package, making it the largest sanctions expansion in the past four years.

CLARITY Act may not pass before summer recess

According to Odaily, U.S. Senate Republican Leader John Thune said the CLARITY Act may be unlikely to win final passage before the summer recess. However, he said he hopes the full Senate review process will begin before the break.

The industry had previously viewed August 7 as a key marker for judging whether the bill could pass within the year. If consideration slips to the fall, the odds of enactment in 2026 could decline.

White House crypto adviser Patrick Witt said the Senate could still move related procedures in the first week of August, but final floor voting on the CLARITY Act in July appears unlikely.

Coinbase launches Borrow service in the U.S., excluding New York

Coinbase said it has launched Coinbase Borrow across the United States, excluding New York State.

According to Odaily, Coinbase said on X that the service operates on the Base network with support from Jito and Morpho.

Coinbase Business adds USDC payment capability for AI agents

Coinbase has introduced a feature in Coinbase Business that allows AI agents to execute payments in USDC.

According to Odaily, Coinbase said merchants can accept USDC through x402, an open payment standard developed by the company to support autonomous software-based payments.

Business customers can manage, settle, and convert related funds within the same account, and eligible idle USDC balances can earn a 3.35% reward.

Coinbase Business launched in June 2025 and currently serves about 5,000 customers. Its cumulative payments and transaction processing volume has reached about $1 billion.

Initial use cases center on digital services such as APIs, cloud storage, and domains. Coinbase also added features that allow AI agents to view open orders, market depth, real-time prices, and trading volume.

TRUMP team token address transfers 10.837 million TRUMP after unlock

According to Odaily, on-chain analyst Yu Jin said a TRUMP team token address unlocked and transferred 10.837 million TRUMP tokens 45 minutes earlier. The amount was worth about $16.91 million.

Yu Jin noted that in the previous two unlock events, the released tokens were first sent to BitGo and later flowed into centralized exchanges such as OKX.

Anonymous wallet transfers 100.704599 million USDT to OKX

According to Whale Alert, 100.704599 million USDT, worth about $100.622827 million, was transferred from an anonymous wallet to OKX on July 25.

Large stablecoin inflows to exchanges are often interpreted as capital waiting to buy, though the actual purpose of the transfer has not been confirmed.

1,815 BTC moved from Kraken to anonymous wallet

Whale Alert said that 1,815 BTC was transferred from Kraken to an anonymous wallet.

The transfer was worth about $116.5 million. Large outflows from exchanges to external wallets can be interpreted as movements for custody or preparations for over-the-counter trades, though the specific reason remains unconfirmed.

Worldcoin multisig address sends $13.84 million worth of WLD to two new addresses

According to Odaily, on-chain analyst Ai Yi Mo said that a Worldcoin multisig address transferred $13.84 million worth of WLD to two newly created addresses nine hours earlier.

The top address had actually received 60 million WLD, and the amount transferred this time totaled 36.94 million WLD. No further transfers or selling activity have been observed from the recipient addresses so far.

Across Protocol says net loss from relayer security incident is under $4 million

Across Protocol said in its post-incident report on a relayer security issue that the net loss was under $4 million.

According to Odaily, the attacker exploited a vulnerability in Risk Labs’ Solana off-chain event-reading software to forge 1,627 fake deposit events with a total face value of about $41.7 million.

The report said that before the relayer halted Solana services, it advanced about $4.5 million of its own funds against 581 of those events. The remaining fake deposits, worth about $37 million, were all invalidated.

Across Protocol said the incident was unrelated to any smart contract vulnerability and that all user transfers were either completed the same day or fully refunded.

The loss was limited to Risk Labs’ own relayer capital, and after excluding roughly $500,000 in attacker-controlled funds, the net loss was under $4 million. Solana order flow has now been fully shifted to a CCTP-only route, and the plan to buy back ACX tokens has not been affected.

Sui launches gas-free stablecoin transfer feature

According to Odaily, Sui said on X that it has launched a gas-free stablecoin transfer feature.

Sui users can send stablecoins without paying separate gas fees or holding a gas token. Sui said the feature is built directly into the protocol.