Cryptocurrency
Plaintiffs drop 44 wallets from Satoshi Bitcoin ownership lawsuit
The legal bid to seize thousands of dormant Bitcoin wallets has hit a snag, as plaintiffs were forced to strike 44 addresses from their list. The move comes after on-chain activity confirmed that the accounts—previously labeled as abandoned—remained under the control of their original owners.
Bitmine Nears 5% Ethereum Supply Milestone with $70M Acquisition
Bitmine has expanded its massive Ethereum holdings with a fresh $70 million purchase, bringing its total treasury to nearly 5% of the token’s entire circulating supply. The move underscores the company's aggressive strategy to dominate the network’s staking ecosystem despite recent volatility in its own share price.
Altcoin Market Struggles as Liquidity Drains and Bitcoin Dominance Holds
Forty percent of all altcoins are currently trading near their all-time lows, a stark indicator of the deepening stress across the broader cryptocurrency market. As Bitcoin maintains its grip on investor capital, the sheer volume of new token issuance continues to dilute liquidity, leaving smaller projects vulnerable to collapse.
Toss Launches Blockchain Pilot for Won-Linked Stablecoins
South Korean financial giant Toss has entered a three-month trial with Optimism and Sunnyside Labs to determine if public blockchain infrastructure can handle institutional payment demands. The project centers on testing whether a won-linked stablecoin can thrive under strict local regulatory compliance and privacy standards.
EU Lawmakers Revive Controversial Message Scanning Proposal
With a narrow 331-304 vote, the European Parliament has fast-tracked a decision on extending temporary powers that allow platforms to scan private messages for child sexual abuse material. The move revives a framework that expired in April, forcing an urgent showdown this Thursday that could impact the future of digital privacy.
Clearstream Adds Six Altcoins to Institutional Custody Platform
Clearstream, the post-trade powerhouse owned by Deutsche Börse Group, has expanded its digital asset custody service to include XRP, Solana, Cardano, Litecoin, Stellar, and Avalanche. This move doubles the firm's supported crypto portfolio, signaling a shift in institutional appetite for assets beyond Bitcoin and Ether within regulated frameworks.
Russian lawmakers soften crypto disclosure rules in new draft
The State Duma Financial Market Committee has greenlit a revised cryptocurrency bill, ditching a controversial requirement for users to report individual wallet addresses. By shifting focus toward transaction volume and balance reporting, officials aim to mitigate security risks while integrating digital assets into the domestic financial system.
AngelList to End Crypto Funding Support by July 31
Investors on AngelList must transition to traditional banking methods by the end of July as the platform discontinues support for cryptocurrency payments. The shift, triggered by a third-party provider's service exit, impacts funding contributions made via USDC, USDT, DAI, and ETH for all new investment commitments.
Solana Foundation Taps Twitter Veteran Michael Coates as Security Chief
Michael Coates, the former head of security at Mozilla and Twitter’s inaugural CISO, has joined the Solana Foundation to oversee its cybersecurity operations. His appointment arrives as the network manages massive daily stablecoin volumes and seeks to bolster its defenses against increasingly sophisticated threats, including AI-driven attacks.
Judge Torres Deals Blow to Kalshi in New York Sports Betting Case
A federal judge has denied Kalshi’s request for a preliminary injunction, allowing New York to proceed with its legal challenge against the exchange’s sports prediction markets. The decision rejects the platform’s argument that federal oversight should automatically override state gambling laws, forcing the company to face state-level scrutiny in the financial hub.
Gemini pivots to stocks with zero-commission trading rollout
Gemini is shedding its crypto-only identity by launching commission-free stock trading across most of the United States. By integrating thousands of exchange-listed securities directly into its mobile app, the company aims to transform from a niche digital asset exchange into a comprehensive financial hub for retail investors.
StarkWare CEO’s 4% inflation proposal ignites Bitcoin cap debate
StarkWare CEO Eli Ben-Sasson has sparked a fierce backlash within the cryptocurrency community by suggesting that Bitcoin’s rigid 21-million supply cap is flawed. He argues that the inevitable loss of private keys over time necessitates a new monetary policy, proposing an annual issuance of up to 4% to maintain liquidity.
Strategy’s $135M Bitcoin Sale Bypasses Monetization Cap
MicroStrategy’s recent $135 million Bitcoin sale may not diminish its $1.25 billion monetization program as previously assumed by market observers. According to VanEck’s head of digital assets research, Matthew Sigel, the company’s latest regulatory filings indicate that dividend-related liquidations are categorized separately from the firm's primary cash reserve-funding initiative.
Strike Debuts Volatility-Proof Bitcoin Loans to Curb Forced Liquidations
Strike has introduced a Bitcoin-backed loan product designed to eliminate margin calls and price-triggered liquidations for borrowers. By decoupling debt security from market volatility, the firm allows users to access cash while maintaining their Bitcoin positions, provided they adhere to a strict repayment schedule.
EDX Markets Secures $76M from SBI to Scale Institutional Crypto
A $76 million Series C infusion led by Japan’s SBI Holdings marks a significant push by EDX Markets to dominate institutional crypto infrastructure. The firm plans to leverage this capital to bolster its spot trading, perpetual futures, and clearing services as it attempts to bridge the gap between traditional finance and digital assets.
Secret Network Proposes Migration to Arbitrum Over Security Fears
A $4.7 million bridge exploit has prompted Secret Network to weigh an exit from the Cosmos ecosystem. Citing vulnerability to AI-assisted code analysis and shrinking liquidity, developers are proposing a migration to Arbitrum, a move that would see the creation of a new ERC-20 token and a hard snapshot of holdings.
Vanguard pivots to digital assets with search for new leadership
After years of maintaining a rigid distance from the cryptocurrency market, Vanguard is officially seeking a head of digital assets. The firm’s search for a high-level executive signals a strategic pivot toward blockchain infrastructure, tokenization, and stablecoins, marking a departure from its previously staunch resistance to digital asset products.
CFTC Charges North Carolina Operator in $14.8 Million Crypto Fraud
The Commodity Futures Trading Commission has launched a civil enforcement action against Trevor Vernon and his firm, Argent Capital Management, alleging a multi-year scheme that defrauded at least 60 investors out of nearly $15 million through fabricated performance reports and the misuse of client capital.
New Hampshire to Review $100M Bitcoin-Backed Bond Proposal
State officials will convene on July 8 to evaluate a proposed $100 million Bitcoin-backed bond, a move that tests the intersection of traditional municipal finance and digital assets. The Business Finance Authority structure aims to facilitate investment without exposing taxpayers to the inherent volatility of cryptocurrency markets.
Polymarket integrates Lightning Network for instant Bitcoin deposits
Traders on Polymarket can now bypass traditional blockchain confirmation delays by using the Lightning Network. Through a new integration with the payment protocol Spark, the prediction platform enables near-instant, self-custodial Bitcoin deposits, allowing users to capitalize on fast-moving market shifts without waiting for standard on-chain processing.
Nigel Farage resigns Clacton seat amid scrutiny over crypto donations
Nigel Farage has resigned as the MP for Clacton, triggering a snap by-election to seek a fresh mandate from voters. The Reform UK leader faces intensifying parliamentary scrutiny over millions of dollars in gifts received from figures linked to the cryptocurrency industry, including donors Christopher Harborne and George Cottrell.
Kraken Wins $22M Arbitration Award Against Former Auditor Mazars
Kraken has secured a $22 million arbitration award against Mazars USA after the firm abruptly withdrew from a near-complete 2022 audit. Co-CEO Arjun Sethi described the move as part of a broader, politically motivated campaign to isolate digital asset firms from essential financial services, often dubbed Operation Chokepoint 2.0.
Bitcoin Suisse Secures Abu Dhabi License for UAE Expansion
With the receipt of full Financial Services Permission from Abu Dhabi Global Market, Swiss crypto firm Bitcoin Suisse is positioning itself to capture the UAE's institutional market. The move follows a rigorous multi-stage review, granting the company authorization to provide spot trading, custody services, and derivatives to eligible regional clients.
SEC Unveils 2026 Roadmap for Crypto Market Oversight
The U.S. Securities and Exchange Commission is sharpening its regulatory focus on digital assets, adding three major rule proposals to its 2026 agenda. These measures aim to codify how crypto assets are issued, traded, and managed by financial firms, even as legislative efforts on Capitol Hill remain in a state of flux.
Mizuho Maintains Outperform Rating on Strategy Despite Price Target Cut
Mizuho has adjusted its price target for Strategy to $213 from $265, yet the firm continues to maintain an outperform rating on the stock. This revision follows the company’s recent sale of 3,588 Bitcoin, a move analysts suggest may ultimately bolster the firm's financial stability and S&P 500 inclusion prospects.
Ripple Secures Full MiCA Approval in Europe as XRP ETF Inflows Hold
With $1.49 billion in cumulative net inflows over eight consecutive weeks, institutional appetite for XRP remains robust even as the token navigates a minor price correction. This financial momentum now aligns with a significant regulatory milestone that grants the company broad access to the European Economic Area.
XRP Ledger Nears Upgrade Threshold as Validator Adoption Hits 55%
With over 55% of trusted validators now running the xrpld v3.2.0 software, the XRP Ledger is edging toward a significant network upgrade. While the transition marks a major infrastructure shift, including the official rebranding of the core server software, the protocol must still secure broader consensus to finalize its latest security-focused amendment.
Wall Street Banks Set High Targets for SpaceX Ahead of Nasdaq Debut
As SpaceX prepares to join the Nasdaq-100 Index, major financial institutions are betting on the aerospace firm's long-term growth. Morgan Stanley has issued a $300 base-case price target, headlining a wave of bullish coverage from Goldman Sachs, Citigroup, and UBS that emphasizes the company's dominance in space infrastructure and AI.
Grayscale: Strategy’s Bitcoin Sell-off Strengthens Balance Sheet
The recent $216 million Bitcoin sale by Strategy has drawn sharp criticism, but Grayscale Research argues the move is a strategic fortification rather than a sign of distress. By bolstering cash reserves, the company is insulating its balance sheet against volatility and securing its long-term dividend obligations.
BlackRock ETF Inflows Signal Institutional Bitcoin Resurgence
A sharp $209.4 million influx into BlackRock’s iShares Bitcoin Trust on July 7 has broken a weeks-long trend of stagnant institutional activity. This surge, part of a broader $265.7 million daily total for U.S. spot Bitcoin ETFs, provides critical support for the cryptocurrency as it climbs toward $65,000.