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Strategy’s STRC preferred stock gains institutional favor despite price lag
Strategy’s STRC preferred stock has emerged as the primary holding across three major U.S. ETFs, with institutional portfolios absorbing $756 million in assets. Despite this surge in professional interest, the security continues to trade roughly 13% below its $100 target, complicating the company’s plans to leverage the stock for further Bitcoin acquisitions.
Advocacy Groups Challenge CFTC Plan to Greenlight Prediction Markets
A coalition of consumer advocacy groups is challenging the Commodity Futures Trading Commission over its push to classify prediction platforms like Kalshi and Polymarket as derivatives markets. Critics argue the move effectively creates a federal loophole for nationwide gambling, bypassing state-level consumer protections and oversight.
Trump Backs Prediction Markets Amid Family Financial Ties
Donald Trump leveraged his social media platform Tuesday to demand federal preemption over prediction markets, labeling state officials who attempt to regulate the industry as “scum.” The push arrives as the president’s own family maintains documented financial interests in these platforms, sparking fierce backlash from governors and lawmakers.
Memecoin.Fun secures $3.5M as Robinhood Chain launchpad race heats up
With decentralized exchange volume on the new Robinhood Chain topping $9 billion, Memecoin.Fun has raised $3.5 million to expand its token issuance infrastructure. The funding signals a sharpening battle for dominance among launch platforms vying to capture the network’s speculative trading activity.
Netanyahu Pledges West Bank Expansion Following Deadly Confrontation
A violent clash in the village of Tell left two Israelis and four Palestinians dead Friday, prompting Prime Minister Benjamin Netanyahu to announce an immediate acceleration of settlement expansion and a crackdown on Palestinian communities across the occupied West Bank in response to the escalating regional instability.
Nvidia and Meta push back against U.S. restrictions on open AI models
A coalition of 25 tech giants, including Nvidia, Meta, and Microsoft, is urging U.S. policymakers to reject sweeping controls on open-weight AI models. The group argues that broad restrictions would stifle domestic innovation and weaken American leadership just as Chinese competitors begin to challenge U.S. dominance in the field.
US Lawmaker Demands Probe Into Murder of Ecuadorian Prosecutor
Rep. Jesús García is calling for an independent investigation into the assassination of prosecutor Alexandra Bravo, who was gunned down in Manta on June 14. Bravo had been probing allegations that US forces engaged in illegal drone strikes and torture against Ecuadorian fishing crews during unauthorized maritime operations.
India Demands GitHub Remove Jack Dorsey’s Bitchat Code
Indian authorities have issued a three-hour ultimatum to GitHub to purge three repositories hosting the Bitchat messaging app, citing national security risks. The order, delivered by the Indian Cyber Crime Coordination Centre, targets the decentralized tool as protests intensify in New Delhi and mobile network restrictions remain in effect.
Coinbase reshuffles executive ranks amid strategic pivot
Coinbase is overhauling its leadership team, replacing four senior executives in the wake of a 14% workforce reduction. The exchange is aggressively repositioning itself as a multi-asset platform, moving beyond pure crypto to integrate stocks, derivatives, and prediction markets as core revenue drivers for the company.
LMAX Eyes $5 Billion Valuation in Strategic Review
Institutional trading firm LMAX Group has tapped Morgan Stanley and KBW to explore a potential sale or public listing. The process, which could value the London-based company at up to $5 billion, comes as the firm positions itself to capitalize on growing interest from traditional financial institutions in digital asset markets.
Public Health Crises Mount Under RFK Jr. Leadership
With measles cases hitting a two-decade high and foodborne outbreaks spreading across state lines, critics are pointing to a collapse in federal oversight. The Department of Health and Human Services, now led by Robert F. Kennedy Jr., faces intense scrutiny over the lack of national messaging and surveillance during these emergencies.
DEXE Plummets 96% as On-Chain Flows Trigger Market Speculation
DEXE has shed 96.8% of its value in just 11 days, cratering from a record high of $49.43 to $1.56. The abrupt collapse has drawn intense scrutiny toward Ceffu, following the transfer of nearly 800,000 tokens to Binance and persistent questions regarding potential links to DWF Labs.
Police Union Backs CLARITY Act After Crypto Enforcement Assurances
The National Fraternal Order of Police has reversed its stance, officially endorsing the Digital Asset Market Clarity Act. The union, representing over 382,000 members, confirmed its support after receiving assurances that the legislation preserves the investigative powers of law enforcement agencies to pursue illicit financial activity involving digital assets.
Tech Giants and Research Labs Unite to Defend Open-Weight AI Models
A broad coalition including Meta, Microsoft, Nvidia, and IBM has issued a formal appeal to US policymakers, urging them to protect the unrestricted circulation of open-weight AI models. The signatories argue that open access is essential for competition, security, and preventing a monopoly by a few closed-model vendors.
Trump Directive Targets Political Dissent as Domestic Terrorism
Under the guise of a new national security memorandum, the Trump administration has launched a strategy to investigate and disrupt political networks. National Security Presidential Memorandum 7 grants law enforcement sweeping powers to target groups based on ideological beliefs, effectively labeling dissent as a precursor to terrorism.
Democrats decry State Department report on Cuba as McCarthyite overreach
A group of progressive lawmakers is challenging a new State Department report that accuses Cuba of orchestrating subversion within the United States. Led by Rep. Ilhan Omar, the coalition labeled the document a politically motivated attack on free speech, characterizing the administration’s tactics as a return to Cold War-era intimidation.
Secret Memos Reveal Rubio Approved Deportations for Campus Dissent
A federal judge on Thursday unsealed 105 pages of government records confirming that Secretary of State Marco Rubio personally authorized the deportation of university students based solely on their advocacy against the war in Gaza, directly targeting constitutionally protected speech under the guise of national security interests.
House Democrats Challenge Trump’s Antifa Designation and Security Memo
More than 30 House Democrats formally challenged President Donald Trump on Thursday, demanding the immediate rescission of his executive order labeling antifa a domestic terrorist organization alongside a security memorandum that expands federal authority to target political dissenters under the guise of countering ideological violence.
Bitcoin Accumulation Stalls Under Macroeconomic Pressure
A 12% quarterly market contraction has left crypto investors in a holding pattern, as early signs of Bitcoin accumulation collide with hawkish Federal Reserve policy and waning ETF demand. Coinbase Institutional and Glassnode remain neutral for Q3, warning that liquidity constraints currently outweigh the signals of a market bottom.
Senate stalls CLARITY Act as election-year politics overshadow crypto bill
Senate Majority Leader John Thune has effectively shelved the CLARITY Act until after the August recess, effectively killing the bill’s chances of a swift summer passage. With the legislative calendar narrowing, market confidence has cratered, leaving crypto industry proponents facing a difficult path through the post-election session.
World Foundation Secures $52.5M to Scale World ID Identity Network
The World Foundation has raised $52.5 million through a strategic sale of WLD tokens, marking another significant capital injection to accelerate the expansion of its proof-of-human identity network. All tokens purchased in this round are subject to a one-year lockup period as the project shifts toward enterprise-scale adoption.
OpenAI integrates medical records into ChatGPT for real-time health insights
OpenAI is rolling out a new feature that allows ChatGPT to pull directly from Apple Health and US hospital records, transforming the chatbot from a standalone assistant into a contextual tool capable of cross-referencing medication lists, lab results, and activity logs during any conversation.
Tina Smith Backs El-Sayed as Michigan Primary Fundraising Gap Widens
With under two weeks until Michigan’s Democratic primary, Senator Tina Smith has endorsed Dr. Abdul El-Sayed, branding the progressive candidate a "fighter" against a rigged system. The move highlights a widening rift in the contest, pitting El-Sayed’s grassroots momentum against the massive outside spending fueling his opponent, Representative Haley Stevens.
Odos Protocol Shuts Down DEX Aggregator Operations
The operating company behind the Odos Protocol has announced a permanent closure of its decentralized exchange aggregator, mandating that all users withdraw their assets by July 30. While the firm is winding down, it confirmed that the Odos DAO will continue to function independently alongside the existing onchain token.
EU Targets Justin Sun-Linked HTX Over Russian Sanctions Evasion
The European Union has placed the crypto exchange HTX on its latest sanctions list, citing evidence that the platform facilitates financial bypasses for Russian users. While the move stops short of an asset freeze, it subjects the exchange to stringent transaction controls alongside 17 other targeted digital asset firms.
Thai SEC Files Criminal Complaint Against Bitkub Over 2021 Hack Reports
Thailand’s Securities and Exchange Commission has launched a criminal complaint against Bitkub Online and two former directors, alleging the exchange filed misleading regulatory reports following a 2021 cyberattack. The regulator claims the firm obscured the loss of 1.7 billion baht in digital assets to maintain an appearance of financial stability.
House GOP Bill Moves to Block Federal Workplace Heat Protections
With record temperatures sweeping across the country, a House committee voted 18-15 along party lines this week to advance the Heat Workforce Standards Act. The legislation, spearheaded by Rep. Mark Messmer, aims to strip the Department of Labor of its authority to enforce nationwide safety standards against extreme heat exposure.
Bernie Sanders Defends Democratic Socialists Against Liability Claims
Walking through the halls of the U.S. Capitol on Thursday, Senator Bernie Sanders dismissed concerns that candidates backed by the Democratic Socialists of America could jeopardize the Democratic Party's electoral prospects this November. He argued instead that these candidates represent a necessary response to widespread frustration with the current economic system.
Bitfinex Finalizes Regulatory Footprint in El Salvador
Bitfinex has secured a Digital Asset Service Provider licence in El Salvador, finalizing a comprehensive regulatory framework that covers spot trading, crypto derivatives, and tokenized securities. This milestone solidifies the country’s role as the exchange’s primary hub for its Latin American capital markets strategy.
Trump Claims 'Smart' Towns Crave Data Centers Despite Rising Public Outcry
Days after 142 demonstrations erupted across 42 states against the rapid expansion of AI infrastructure, President Donald Trump insisted that communities are “begging” for data centers. He dismissed widespread public opposition to the water-intensive, energy-heavy facilities as mere propaganda, framing local resistance as a misunderstanding of their economic potential.