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U.S. Lawmakers Push for CLARITY Act Vote Before August Recess
Republicans face pressure to pass the CLARITY Act before the August recess, with only 20 working days after July 13 left, and ethics provisions are among unresolved issues.
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$826M in BTC Longs Face Liquidation Below $60,163
CoinGlass data shows an estimated $826.40 million in BTC long positions could be liquidated if BTC falls below $60,163. A move above $61,955 would trigger $94.49 million in short liquidations.
BTC-1.63%
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Kanga Secures Latvian MiCA License for EU-Wide Crypto Services
Kanga obtained a Class 3 MiCA license in Latvia for EU-wide crypto custody, trading and transfers. SIA AlphaRoute received the authorization from the Bank of Latvia after Supervisory Committee approval. The approval comes as Poland remains without MiCA implementation legislation ahead of the EU's
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SBI Group Acquires Bitbank for $289M
SBI Group announced the acquisition of Japanese cryptocurrency exchange Bitbank for 46.7 billion yen, or about $289 million. SBI's combined cryptocurrency custody balance is expected to exceed 1 trillion yen after the acquisition. The merged entity is expected to have about 2.92 million
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Polymarket Trader Buys $650K Germany Win Shares Against Ecuador
The account surfandturf bought $650,000 in shares betting on Germany beating Ecuador in a Polymarket World Cup event. The account bought 1,000,000.3 shares at an average entry price of 64.9 cents.
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SBI Holdings to Buy Bitbank for $289M in Japan Crypto Exchange Deal
SBI Holdings agreed to acquire Tokyo-based crypto exchange Bitbank in a deal valued at about $289 million. SBI said the combined firm would hold about $6.8 billion in assets under custody and serve 2.92 million crypto accounts. The deal is expected to close around October, pending clearance from
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Strategy Falls More Than 9% as Rosen Law Firm Investigates Securities Claims
Abstract: This report notes Strategy's stock drop alongside Bitcoin’s fall below $60,000 and a public securities investigation by Rosen Law Firm, with a five-day decline and large unrealized BTC losses from its holdings.
Strategy fell over 9% as Bitcoin slipped below $60k and Rosen Law Firm’s investigation went public; shares hovered near $85, down about 30% in five days, with roughly $10.6B in unrealized BTC losses on 847,363 held.
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Story Protocol Rebrands as Data Network After IP Token Falls 98%
Story Protocol rebranded as Data Network as its IP token sat nearly 98% below its all-time high. The IP token will migrate 1:1 into DATA without requiring action from IP holders.
IP22.25%
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CoinShares Survey Says 52% of UK Advisers Lack Client Crypto Visibility
A CoinShares survey found that 52% of UK advisers said most client digital asset exposure was outside their oversight. Across the surveyed European countries, the figure was 25%.
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Lummis Targets July Senate Vote on Clarity Act
Sen. Cynthia Lummis said she expects a final Senate agreement on the Clarity Act around the July 4 recess. Lummis said her goal is to pass the bill in July. She warned that failure to pass the bill then could delay the legislation
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STRC Falls 26.4% Below $100 as Strategy’s BTC Losses Top $13B
Strategy’s preferred stock STRC traded as low as $73.62 today, 26.4% below its intended $100 level. A law firm is soliciting holders for a potential class action, but no complaint or SEC probe has been disclosed. Strategy’s BTC holdings are worth $50.5 billion after $64.1 billion in
BTC-1.73%
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Invesco Files Tokenized Stablecoin-Reserve Fund on Superstate Rails
Invesco filed with the U.S. SEC to launch a tokenized money market fund designed to hold stablecoin reserves, with $2.45 trillion in assets under management at the firm. The filing proposes effectiveness 60 days after filing and names Superstate Services LLC as sub-transfer agent. The registration s
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Rosen Law Firm Probes Strategy Over Bitcoin Treasury Claims
Rosen Law Firm opened an inquiry into Strategy, citing Arkham's claim that STRC’s dividend stability may cost about $1.2 billion annually. The probe targets MSTR, STRF, STRC, STRK, and STRD, with a class-action option for affected investors.
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BTC-1.73%
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Chainlink Joins Bank Working Group for Stablecoin FX Settlement
Chainlink joined Project Pangea with bank consortia backed by 37 European banks and more than a dozen Korean commercial banks. The working group will evaluate direct atomic swaps of euro- and South Korean won-denominated stablecoins. Project Pangea is not a live payment network, and no production
LINK-2.50%
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Base Restores Block Production After More Than Two-Hour Outage
Base restored service after block production halted for more than two hours on Thursday. The issue first arose around noon ET and came before a scheduled network upgrade. Base said all funds were secure while the team worked on the issue. The network is still undergoing its Beryl hardfork upgrade.
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Chainlink Joins 47 Banks in Project Pangea Stablecoin Payments Test
Chainlink joined Project Pangea, a coalition of 47 European and South Korean banks testing stablecoin-based cross-border payments. The group collectively represents over $10 trillion in assets under management. The initiative targets near-instant settlement in a $150 billion Europe–South Korea
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Fed's Williams Says Policy Can Return Inflation to 2%
John Williams said on June 25 that current monetary policy is well-positioned to return inflation to the Fed's 2% target. Williams said inflation remains clearly high and significantly above the target. He expects inflation indicators to slow slightly over the next few quarters, but significant
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Trump Quantum Orders Spotlight $449B in Exposed Bitcoin
Trump signs two quantum orders: federal assets must adopt post-quantum cryptography by 2030–2031, and QC-ADDS aims to deploy a quantum computer to a DOE facility, as millions of BTC sit exposed.
Abstract: This article reports on two June 22 executive orders addressing quantum readiness: one mandates post-quantum cryptography for key establishment and digital signatures by set deadlines for federal high-value assets and high-impact civilian systems; the other creates QC-ADDS to deliver a quantum computer to a Department of Energy facility, while noting that about 7 million BTC are currently exposed in blockchain outputs.
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