Financial
RBI regulates crypto trading with no restriction in India
The Reserve Bank of India explains that there is no ban on banks lending bank accounts for the cryptocurrency traders.
In a Right to Information (RTI) question raised by Unocoin co-founder Harish Bv, According to a report by Cointelegraph, the central bank explains that there is no ban.
Feedback to RTI query documented on April 25, On May 22, RBI declared that “As on date, no such prohibition exists. “
As per the report, most of the banks such as The central bank and other commercial banks i.e., State Bank of India (SBI), HDFC Bank, ICICI Bank, Axis Bank, and Bank of Baroda have not reacted to queries.
RBI’s directive was suppressed by the Supreme Court in March, that forbidden entities beyond its jurisdiction from trading in digital currencies.
Just after the apex court declaration, traders had put forward questions that banks were going on with to compel regulations.
“After Supreme Court scrapping RBI’s Ban on crypto and RTI’s reply from RBI, it is clear that there is no need for any blockchain or crypto company to register out of India.”
According to the report, Harish clarifies that “Bankers have been saying that they need new RBI circulars mentioning that there are no more restrictions for them to provide bank accounts for crypto businesses. Now, we have received a positive response from the RBI.”
Crypto
Tria Launches Tria FC, Turning the World Cup Into a Live Financial Experience
Most financial companies treat the FIFA World Cup as a marketing opportunity — a backdrop for sweepstakes, giveaways, and branded campaigns designed to capture attention during one of the world’s most-watched events. Tria is doing something structurally different.
The self-custodial neofinance platform launched Tria FC on June 16, a tournament-length prediction competition built directly into the Tria app that runs through the World Cup final on July 19. The product integrates match predictions with real financial activity — card spending, trading, referrals — and ties all of it to a live leaderboard and a $15,000 prize pool.
The distinction matters. This isn’t a raffle attached to a sporting event. It’s the sporting event embedded into the financial product itself.
How Tria FC Actually Works
Users earn Tria Points through two parallel tracks: predicting match outcomes correctly and engaging with the Tria ecosystem through everyday financial activity. That dual structure is deliberate — the competition is designed so that prediction accuracy alone isn’t enough to reach the top of the leaderboard. Participants must meet a minimum points threshold generated through platform activity to qualify for the major prizes.
The $15,000 prize pool is distributed across three categories: overall leaderboard rankings, most correct match predictions, and a social sharing competition. The tiered structure gives different types of users — active traders, frequent card spenders, and community sharers — a meaningful path to rewards based on how they already use the platform.
Tria FC runs alongside Season 3 of the company’s broader rewards program, which includes Mystery Boxes, referral incentives, membership tiers, and enhanced cashback for Tria Card holders. The World Cup competition adds a time-limited engagement layer on top of a rewards structure that was already running.
What Neofinance Looks Like in Practice
Tria co-founder Vijit Katta framed the launch around a simple observation — that financial companies have historically treated major sporting events as marketing backdrops rather than product opportunities. Tria FC is the argument that those two things don’t have to be separate.
The broader category Tria is building toward is what it calls neofinance — a unified platform that combines trading, payments, yield, spending, and rewards under a single self-custodial experience. Users retain control of their own funds and private keys throughout, which separates it from the traditional neobank model where the platform holds assets on the user’s behalf.
The World Cup is a useful forcing function for that vision. It concentrates user attention, creates a natural reason for daily app engagement over a five-week window, and generates the kind of social competition that tends to drive referral activity organically. All three of those dynamics feed directly into the platform metrics that matter for a growing neofinance ecosystem.
A $15,000 prize pool against the backdrop of billions of viewers may sound modest in isolation. But as a product launch — one that demonstrates how financial activity and entertainment can be woven together without separating the user from their assets — Tria FC makes a clearer case for what the platform is building than any marketing campaign would.
The competition runs through July 19 and is available to eligible users through the Tria mobile application.
Crypto
Zcash: Anthropic’s Claude Mythos Detects No Major Flaw After Requested Audit
For a few tense days, Zcash faced the kind of uncertainty that rattles even seasoned crypto holders. A serious vulnerability had been uncovered in its privacy infrastructure, triggering an emergency response from developers and raising uncomfortable questions about the protocol’s integrity. The mood has since shifted considerably — and for good reason.
An audit requested by Shielded Labs and conducted by Claude Mythos, Anthropic’s AI model specialized in identifying complex software vulnerabilities, found no additional major flaws in the Zcash protocol. For a privacy-focused network where trust is the entire value proposition, that outcome matters enormously.
How the Vulnerability Was Found
The story starts with independent researcher Taylor Hornby, who — with the assistance of Claude Opus 4.8 — identified a critical flaw in Zcash’s Orchard private pool. The vulnerability had been sitting dormant for roughly four years before being discovered. Its potential consequences were severe: if exploited, it could have allowed an attacker to mint an unlimited quantity of counterfeit ZEC within the Orchard pool, entirely undetected.
Zcash founder Zooko Wilcox didn’t downplay the severity. He confirmed publicly that the flaw represented a genuine threat to the protocol’s monetary integrity, while also noting — critically — that no exploitation had been detected on the main network. No ZEC was illegally created, and user privacy remained intact throughout. Developers moved quickly, temporarily suspending Orchard transactions before deploying a corrective patch.
The AI Audit That Followed
Once the patch was applied, Shielded Labs commissioned a comprehensive follow-up audit — less emergency surgery, more thorough post-operative review. Claude Mythos was the tool of choice. The result: no other serious vulnerabilities identified in the Zcash protocol.
Wilcox acknowledged Anthropic’s contribution publicly, thanking the team for its role in protecting network security. He also confirmed that security reinforcement work was continuing methodically, without any rushed decisions that might introduce new risks.
The scope of what Mythos is capable of is itself worth noting. Anthropic has indicated the model has identified more than 10,000 critical vulnerabilities across software considered strategically important to global digital infrastructure — a number that speaks to both the power of AI-assisted code review and the sheer scale of vulnerabilities quietly embedded in widely used systems.
The Double-Edged Sword AI Represents for Crypto Security
The Zcash episode arrives in the middle of a much larger conversation about what AI means for cybersecurity in crypto. The same capabilities that allowed Claude Opus 4.8 to help discover this flaw — and Claude Mythos to verify the protocol afterward — are equally available to malicious actors looking to find exploitable weaknesses before defenders do.
Mitchell Amador, CEO of Immunefi, has described the proliferation of advanced AI models as shifting the cybersecurity playing field toward attackers, warning of a “vulnerability apocalypse” that is driving a resurgence of DeFi hacks. The data gives that warning real weight. According to DefiLlama, crypto hacks reached $634 million in April alone — the worst single month recorded since the Bybit attack in February 2025.
For Zcash specifically, the outcome of this audit is a meaningful positive. The vulnerability was found, patched, and independently verified before any damage occurred. That’s the best-case scenario for a privacy protocol facing this kind of discovery. Whether the broader industry can keep pace with AI-assisted attackers using the same tools in the opposite direction is a question that has no clean answer yet.
Financial
H Token Plunges 82% After $32 Million Exploit Hits Humanity Protocol
Humanity Protocol’s H token collapsed on Tuesday following a security breach that drained more than $32 million from the project. The token opened the day near $0.67, fell sharply to around $0.13, and at one point briefly touched $0.05 as sell pressure intensified throughout the session. By the time trading settled, H had lost roughly 82% of its value in a single day.
The scale of the damage — and the speed of the collapse — put Humanity Protocol among the more severe crypto security incidents of 2026.
How the Attack Unfolded
Project founder Terence Kwok confirmed that the breach originated from the theft of private keys belonging to a member of the Humanity Foundation. Private keys grant complete control over a crypto wallet, and once an attacker has them, there’s little standing between them and the funds inside.
On-chain data revealed the attacker moved through approximately 17 wallets connected to the project. Beyond transferring existing tokens, they also minted around 100 million new H tokens — worth roughly $11 million — on the BNB Chain. Those tokens were then sold for Ether, amplifying the downward pressure on price and raising concerns about continued selling as the stolen supply continues to hit the market.
The Humanity Protocol team has advised users to avoid the project’s bridge infrastructure and liquidity pools until the situation is fully contained. The team confirmed it is working with security firms and exchange partners on an ongoing investigation.
Where Humanity Protocol Fits in the Broader Landscape
Humanity Protocol is a decentralized identity platform built around palm-scanning biometrics and zero-knowledge cryptography. The concept allows users to prove they are human without exposing personal data — positioning it as a direct competitor to Sam Altman’s Worldcoin initiative. It’s a compelling use case, which makes the timing of this breach particularly damaging for the project’s credibility.
A Pattern That Keeps Repeating in 2026
What’s striking about this incident is how familiar it looks. The table below, drawn from recent on-chain records, captures the pattern:
Humanity Protocol — Tuesday — Over $32 million — Private key compromise Drift — April 2026 — About $285 million — Administrator key theft Kelp DAO — April 2026 — About $292 million — Single-validator bridge flaw
In April, Solana-based Drift exchange lost nearly $285 million after an administrator key was compromised. Kelp DAO suffered roughly $292 million in losses through a single-validator bridge vulnerability in the same month. All three incidents share a common thread — the vulnerability wasn’t a smart contract flaw buried in code. It was human-layer access control failing at a critical point.
That distinction matters. Smart contract bugs can be audited and patched before deployment. Private key security depends on operational practices, personnel trust, and storage hygiene — areas where even well-funded projects have repeatedly come up short this year. As crypto projects scale and handle larger treasuries, the weakest link increasingly isn’t the protocol itself.
H token was last seen trading around $0.13, with on-chain activity suggesting assets continued to flow out even as this article was being written.
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