CoinTelegraph

Coinbase's chief legal officer will transition to an advisory role on July 31. He will continue working with the Board of Coinbase National Trust Company.

Bitdeer shares increased by 14% following the company's announcement of a $36 million Nevada facility to produce SEALMINER Bitcoin mining machines, expanding its hardware business. The expansion aims to boost production of mining hardware in the United States.

The White House reported receiving no Democratic response regarding vacancies at the SEC and CFTC. Both financial regulators are understaffed at leadership levels and lack Democratic commissioners, with no announcement from President Donald Trump on filling the roles.

Phantom and Hyperliquid have requested the CFTC to modernize regulations for onchain derivatives, specifically urging exemptions for blockchain developers and non-custodial wallet providers from rules intended for traditional financial intermediaries.

Bitcoin's price rose above $63K as traders set new upside targets following comments by US president Donald Trump suggesting Iran 'wants to make a deal.'

Sony Bank received preliminary approval from the Office of the Comptroller of the Currency to establish a US stablecoin issuance business, with $40 million in starting capital.

Interpol uncovered a $122.5 million crypto wallet linked to a romance scam during a global anti-fraud operation that resulted in 5,811 arrests. The wallet processed the funds over 10 months.

Revolut is removing USDT support in the EEA and Switzerland but maintaining it elsewhere. The company is phasing out the stablecoin in selected European markets.

Hyperliquid's onchain perpetual futures and blockchain infrastructure are expanding into traditional asset classes with around-the-clock trading, as highlighted by Pantera Capital. The article suggests this development could challenge Wall Street's dominance in financial markets.

The Bank of Korea reiterated its support for bank-led won stablecoin issuance and is advancing deposit token pilots. However, progress is hindered by unresolved issuer rules in South Korea’s digital asset bill.

Binance is exploring new licensing paths in Europe following a MiCA setback and expanding its regulatory presence in Asia, according to co-CEO Richard Teng. Regulators have invited the exchange to seek new licenses in the region.

Alfa-Bank, Russia's largest private bank, is testing cryptocurrency trading for qualified investors. The move aligns with Russia's efforts to regulate digital assets and banks developing new crypto services.

Senator Ron Wyden has urged Senate leaders to retain the Blockchain Regulatory Certainty Act within the CLARITY Act as it moves to the Senate floor. The focus is on maintaining developer protections in the cryptocurrency-related legislation.

A trader lost $1M after signing a phishing token approval. Onchain scammers collected over $14 billion last year through approval phishing attacks.

AI is reducing the effectiveness of crypto security audits, and hackers are exploiting codebases of defunct decentralized finance protocols to steal customer funds.

The AI boom is causing inflation concerns as strong demand for AI infrastructure drives up prices for technology products and electricity, complicating the Federal Reserve's next interest rate decision.

Crypto venture firm Paradigm has raised $1.2 billion to expand into AI and other frontier industries through its latest fund. The firm is broadening its investment focus beyond cryptocurrency to include emerging technologies.

Zapper, a DeFi dashboard backed by Mark Cuban, has shut down after 7 years of operation. The platform served over 2 million monthly active users and processed more than $13 billion in transactions at its peak.

Analysts suggest that if the Federal Reserve intervenes to support the US stock market, cryptocurrency could benefit. Bitget Wallet COO Alvin Kan highlighted that the scale of the US stock market provides policymakers with a strong incentive to address significant declines.

Bitcoin's price has dropped back to a critical $60K support level due to increased selling pressure. The decline is attributed to a surge in oil prices, risks of economic contagion from Japan, and additional selling activity from Strategy.