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DOJ Seeks Dismissal of $722 Million BitClub Fraudster

The US Department of Justice is reportedly moving to drop charges against the founder of BitClub Network, a purported crypto mining platform that allegedly defrauded investors of $722 million between 2014 and 2019.A court filing shows…
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THORChain Resumes Trading More Than a Month After $10M Exploit

THORChain has resumed activity after over a month of security verifications and upgrades, following a $10.7 million exploit that prompted a trading halt on May 15.In a Tuesday X post, THORChain said it restored its network, including…
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Trust Wallet Integrates Robinhood Chain as Vlad Tenev Touts RWA Network that Handles Memes Too

Key TakeawaysTrust Wallet has integrated Robinhood Chain, enabling self-custody support for Layer-2 assets.Layer-2 scaling bypasses Ethereum mainnet congestion, reducing individual transaction fees to cents.Moving forward, Trust Wallet…
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EU Parliament Passes Message-Scanning ‘Chat Control’

The European Parliament has passed legislation allowing tech firms to scan messages for child sexual abuse material until 2028, a controversial law dubbed “chat control” by critics.EU lawmakers on Thursday largely voted against extending…
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DeFi Holding up Unusually Well in Down Market: Bitwise

Decentralized finance (DeFi) tokens have held up unusually well against Bitcoin over the past month, suggesting the market may be “quietly re-rating” the sector, says crypto index fund maker Bitwise.Bitcoin (BTC) fell about 22% in June,…
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Bitcoin Maxi Warns BIP-110 Failure Could Mean the End of Permissionless Money

BIP-110 has become a symbolic battle over Bitcoin's future direction, from censorship resistance to network governance. Bitcoin maximalist Justin Bechler has warned…
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Senate Leaders Urged to Keep Dev Protections in CLARITY Act

US Democratic Senator Ron Wyden has urged Senate leaders to ensure that crypto developer protections stay in the crypto market structure legislation that lawmakers are looking to pass ahead of the midterms.Wyden told Senate Minority Leader…
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Crypto Protocols Must Reaudit Old Smart Contracts, Experts Warn

Blockchain security experts are urging crypto protocols to reaudit their smart contracts as AI tooling is making it easier for hackers to identify vulnerabilities more quickly than ever before. “Our data argues for continuous review rather…
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Bitcoin Falls To Key Support As New Headwinds Emerge

Key takeaways:War, rising oil prices and Strategy’s Bitcoin sales put extra pressure on BTC’s $60,000 support.Strategy’s Bitcoin sales and fears that a global regulatory crackdown on crypto is being reignited are adding to fragile crypto…
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USDT Leads Payments, USDC Dominates DeFi

The world’s biggest stablecoins are increasingly becoming chain-specific financial products, with Tether’s USDt (USDT) and Circle’s USDC (USDC) serving distinct roles across the crypto ecosystem rather than competing head-on.Dune’s Digital…
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