Category: crypto

Nearly 1 million wallets holding Trump’s memecoin have lost a total of $3.81 billion, while Trump himself received a $636 million payout from the memecoin. This has sparked political scrutiny, with Senator Kirsten Gillibrand pushing for stricter regulations in the crypto industry. Trump’s crypto ventures have generated at least $1.4 billion in income.

Bitcoin investors are facing an average unrealized loss of 20%, with a key resistance level at $76,700 based on active holder cost basis. Analysts suggest that despite concerns about ETF inflows, Bitcoin may recover before reaching past bear-market valuation extremes. Institutional demand for Bitcoin faces challenges, while corporate adoption continues to expand.

French police arrested a mother and son for allegedly stealing €1.5 million in cryptoassets from a wealthy couple during a fake villa sale. The suspects used hidden camera glasses to capture wallet credentials. This incident reflects a rise in crypto-related crimes in France, including kidnappings and extortion.

ARK Invest, led by Cathie Wood, purchased $38.1 million worth of Tesla shares after the stock dropped 7.5%. This follows a $32.5 million investment in SpaceX. Wood also added $2.2 million of Bullish shares. Wood sees Bitcoin as an “insurance policy” during economic instability, and ARK continues to expand its investments.

SpaceX stock rose 3% after Trump suggested Elon Musk may contribute shares to the Trump Accounts program. Investors are optimistic about SpaceX’s expected inclusion in the Nasdaq-100 on July 7, with JPMorgan estimating $4.3 billion in passive buying. ARK Invest increased its SpaceX holdings, while Citadel Securities warned of potential risks from higher interest rates.

Samsung and other South Korean companies listed as founding members of the OUSD consortium have distanced themselves, claiming they have not held formal discussions or agreed to participate. The project, introduced by Open Standard with over 140 partners, faces scrutiny over the accuracy of its founding member claims. Meanwhile, Circle expands institutional access to USDC…

Spotify asked Kalshi and Polymarket to remove its logo due to manipulated streaming influencing a prediction market. More than 500,000 fake streams affected a Kalshi market tied to a song. Regulatory scrutiny has increased for prediction markets, with the CFTC investigating Polymarket and seeking new rules to address concerns.

President Trump denied knowledge of $1.4 billion in crypto income in his financial filing, attributing it to licensing deals for TRUMP meme coin and WLFI token sales. He defended his family’s involvement in crypto. Trump called for U.S. crypto leadership, supporting the CLARITY Act, facing political and ethical hurdles in Congress.

Coinbase stock has risen by nearly 19% in the past five trading sessions, despite Bank of America reporting U.S. equity fund outflows. The exchange is expanding in Europe under MiCA and offering a 5% transfer bonus. Technical indicators show improving momentum, with Coinbase testing key resistance levels.

The CLARITY Act, supported by Senator Bill Hagerty, is expected to have a Senate vote after the July recess. The bill has a 60% chance of passing this month. The National Organization of Black Law Enforcement Executives (NOBLE) has backed the legislation, while the DOJ disputes claims against it. Industry groups are lobbying for the…