Former Solicitor General Paul Clement files an amicus brief supporting Custodia Bank’s appeal against the Federal Reserve’s denial of a master account. This move could set a precedent for the blockchain industry, addressing constitutional concerns and potential stifling of innovation. #CryptoNews
Crypto assets see sharp corrections after attempted rebounds, signaling a bearish trend. Despite early institutional investments, recent large transfers to exchanges hint at potential sales. Miners selling $BTC reserves further indicate market decline. Stay informed on market shifts for strategic decisions. #CryptoNews
Dormant Bitcoin addresses are reactivating, stirring the crypto market. A 10.4-year-old address with 43 BTC ($2.5M) and a Satoshi-era miner wallet with 50 BTC moved to Binance. $BTC is trading at $59,627.62 after hitting an all-time high of over $73,000 in mid-March. #CryptoNews
Bitwise filed an amended S-1 for its Ethereum ETF ahead of the July 8 deadline. Analysts expect listing within two weeks and potential SEC approval by next week. The ETF includes a sponsor fee waiver for the first $500M, mirroring VanEck’s strategy. #EthereumETF #Update
French Hill says Trump will be more crypto-friendly than the current admin. He backs the FIT21 bill, which sets rules for the SEC & CFTC on digital assets, supporting investors and innovation. This could boost the crypto industry. #CryptoNews
Chinese mining pools control 54% of the crypto market despite China’s 2021 Bitcoin mining ban, says @ki_young_ju of @cryptoquant_com. U.S. pools hold 40%. China’s controversial ban hasn’t stopped its mining farms from ranking second in Bitcoin production by May 2022. #CryptoNews
Lif3.com partners with evmOS to launch Lif3 Chain, a new L1 blockchain enhancing DeFi security. The platform supports Ethereum, Polygon, BNB Chain, and Fantom via LayerZero bridge, and integrates EVM and IBC protocols for safer smart contract deployment. #Blockchain #Update
Flare integrates with LayerZero, connecting to 75 blockchain networks, including Ethereum and Solana, and expanding access to over 50,000 dApps. This move boosts secure connectivity, new users, and liquidity. LayerZero has facilitated 134M+ cross-chain messages and secured $50B+ in crypto. #Blockchain #Crypto
Lombard, a Bitcoin restaking protocol, has raised $16M in seed funding led by @PolychainCap. The funds will develop Lombard’s ecosystem and their new token, LBTC, enabling Bitcoin’s integration into Web3 and DeFi. Partnerships with @bitgetglobal, @Bybit_Official, @okx, and HTX will enhance liquidity. #Update
Flare integrates with LayerZero V2, connecting its Layer 1 blockchain to 75 networks including Ethereum and Solana. This boosts Flare’s reach to 50,000+ dApps, enhancing security and liquidity. #Blockchain
Federal court orders Jafia LLC & owner Sam Ikkurty to pay $84M for running a Ponzi-like crypto scheme. Judge Mary Rowland cited misappropriation of funds and investor deception. This highlights the need for compliance in crypto trading. #CryptoLaw
In 2025, the U.S. will introduce stablecoin regulations, influenced by political shifts. Key figures warn against overregulation to avoid stifling innovation and losing talent. EU’s MiCA sets a precedent, but U.S. aims for a unique approach. #CryptoRegulation
Bitcoin and Ethereum outpaced the “Magnificent Seven” tech giants in market cap growth since 2019. $BTC rose by 1102% and $ETH by 2218%, surpassing companies like @Apple and @Microsoft. Crypto’s role in finance is rising. #Update
Consensys, developer of @MetaMask, acquires Web3 security app Wallet Guard to boost user protection. Integration includes real-time scam detection and protection against wallet drainers. MetaMask faces SEC scrutiny over its staking product. #CryptoSecurity #Update
