Category: crypto

Senator Bill Hagerty is optimistic about passing the Digital Asset Market Clarity Act before July 4, even as other lawmakers suggest it might take longer. Debate has focused on ethics provisions, with industry groups supporting regulatory clarity. The bill aims to establish clear rules for digital assets in the U.S. amid ongoing negotiations.

SpaceX is considering a $20 billion bond sale to refinance debt due in 2027, causing its publicly traded shares to drop over 9% and Elon Musk’s net worth to decrease by $59 billion. Major Wall Street banks are involved in the financing despite concerns over leverage. The deal could be one of the largest corporate…

OKX Europe is offering deposit bonuses of up to 8% as the EU’s MiCA licensing deadline approaches. Only about 200 crypto providers hold MiCA authorization, with many facing market exit after July 1. Licensed companies are targeting migrating users, while unlicensed firms may have to cease operations or transition to licensed providers.

Humanity Protocol’s new H airdrop is now supported by major exchanges after the June exploit. Binance Alpha, MEXC, Bitget, KuCoin, Bybit, and Gate are processing eligible H balances at a 1:1 ratio. Users who held H during the snapshot on these exchanges should follow the process outlined by each.

David Schwartz, Ripple’s CTO emeritus, upgraded his independent hub server to XRPL 3.2.0, the latest software release. The update includes cleanup fixes and a rename from rippled to xrpld. Schwartz’s hub upgrade showed network reliability, and the new release focuses on maintenance and cleaning up the XRP Ledger software.

Australia’s High Court unanimously ruled 7-0 in favor of the Australian Securities and Investments Commission, finding that Block Earner’s former fixed-yield crypto product required a financial services license. The decision overturns a previous appeal court ruling and sends the case back to the Full Federal Court for consideration of penalties. Block Earner has since exited…

Bitget EU has applied for authorization as a crypto-asset service provider under MiCAR to Austria’s Financial Market Authority. The application is under review, and if approved, Bitget EU intends to offer crypto-asset services in the EU. Existing Bitget Global users will remain governed by current platform terms and legal arrangements.

Andrew Tate opened a $3.76 million 40x Bitcoin long on Hyperliquid and was partially liquidated with a new liquidation price of $64,824.44, according to Lookonchain. This is not Tate’s first liquidation, as he has a history of repeated liquidations and losses, including with the DADDY token. Despite this, Tate continues high-leverage crypto trading.

Cardano’s van Rossem hard fork action has reached mainnet governance for Protocol Version 11 review. The upgrade prepares for the Dijkstra era and future Leios mainnet rollout. The hard fork honors Max van Rossem with broad community support. The next step is the ratification of the governance action for activation by July 18.

Singapore’s Monetary Authority has added Bybit to its Investor Alert List, warning that the exchange is not licensed to provide services to local users. Despite this, Bybit continues to expand globally and recently launched tokenized fixed income products. MAS emphasizes the importance of compliance and investor protection in the crypto sector.