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Bitcoin hits all-time high, market reacts
Market Updates
One Year In, Washington Blew Its Own Stablecoin Deadline
Not one federal agency tasked with writing stablecoin rules under the GENIUS Act hit the July 18 one-year deadline. They have proposals — but no final rules — and the clock to January 2027 keeps ticking.
The FBI Cracked a $220K Crypto-Draining Game Scam by Following the Uber Eats
Malware buried in eight Steam games drained roughly $220,000 in crypto — and federal agents unraveled the whole thing by tracing gift-card-funded Uber Eats deliveries.
MetaMask's Owner Let a North Korea-Linked Dev Touch Its Core Code for a Month
Consensys quietly halted MetaMask releases after finding that a contractor with ties to North Korea spent roughly a month inside its systems — and its core wallet code.
Breaking News
The FBI Cracked a $220K Crypto-Draining Game Scam by Following the Uber Eats
Malware buried in eight Steam games drained roughly $220,000 in crypto — and federal agents unraveled the whole thing by tracing gift-card-funded Uber Eats deliveries.
MetaMask's Owner Let a North Korea-Linked Dev Touch Its Core Code for a Month
Consensys quietly halted MetaMask releases after finding that a contractor with ties to North Korea spent roughly a month inside its systems — and its core wallet code.
MiCA Claims Its First Casualty: Dutch Exchange Knaken Goes Bankrupt With €7 Million in Customer Money Missing
A Rotterdam court declared unlicensed Dutch exchange Knaken bankrupt after prosecutors said roughly €7 million ($8.1M) in customer funds can't be accounted for — leaving 30,000 users waiting on a court-appointed trustee.
Macro Trends
Wall Street's Quiet Reshuffle: BofA Hands Sonali Theisen the Keys to a New Digital Assets Platform
Bank of America named Sonali Theisen head of a new global digital assets platform in a Friday memo — the clearest sign yet that the second-largest U.S. bank is building crypto into its markets machine.
Guns Up, Crypto On: Galaxy Buys 15 Years of Texas Tech Football Naming Rights
Galaxy Digital will rename Jones AT&T Stadium as Galaxy Stadium starting this fall — a reported $70M+, 15-year bet that plants a crypto flag in the heart of West Texas.
Frankfurt Fires a Warning Shot: ECB Says Stablecoins Could Drain the Deposits Banks Live On
ECB board member Piero Cipollone warned in Rome that stablecoin adoption could erode banks' retail deposit base — and pitched the digital euro as Europe's structural answer.
Altcoin Analysis
Guns Up, Crypto On: Galaxy Buys 15 Years of Texas Tech Football Naming Rights
Galaxy Digital will rename Jones AT&T Stadium as Galaxy Stadium starting this fall — a reported $70M+, 15-year bet that plants a crypto flag in the heart of West Texas.
Bybit Plants Its Flag in Jakarta: Exchange Giant Goes Live in Indonesia After Swallowing NOBI
Bybit, the world's second-largest crypto exchange, has officially launched Bybit Indonesia after acquiring a majority stake in local player NOBI — putting an OJK-regulated foothold in a market of 21 million registered crypto users.
Leaner and Meaner: Polygon Swings the Axe Again as It Races to Close the Coinme Deal
Polygon Labs laid off staff for the second time this year as CEO Marc Boiron pushes to finish the $250 million Coinme acquisition and rebuild the company as a payments business targeting profitability in 2027.
Government Involvement
One Year In, Washington Blew Its Own Stablecoin Deadline
Not one federal agency tasked with writing stablecoin rules under the GENIUS Act hit the July 18 one-year deadline. They have proposals — but no final rules — and the clock to January 2027 keeps ticking.
MiCA Claims Its First Casualty: Dutch Exchange Knaken Goes Bankrupt With €7 Million in Customer Money Missing
A Rotterdam court declared unlicensed Dutch exchange Knaken bankrupt after prosecutors said roughly €7 million ($8.1M) in customer funds can't be accounted for — leaving 30,000 users waiting on a court-appointed trustee.
Frankfurt Fires a Warning Shot: ECB Says Stablecoins Could Drain the Deposits Banks Live On
ECB board member Piero Cipollone warned in Rome that stablecoin adoption could erode banks' retail deposit base — and pitched the digital euro as Europe's structural answer.
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