Afghanistan’s Taliban government arrested 8 crypto traders in Herat, detaining them for 28 days. Despite the Central Bank’s 2022 ban on crypto, assets were not seized, but some traders face potential six-month jail terms. #Afghanistan #CryptoNews
Crypto exchange Backpack, founded by ex-FTX employees, hires Citibank veteran Laurence King as head of audit to enhance transparency and accountability. CEO Armani Ferrante stresses the importance of traditional finance expertise. #CryptoNews
OpenBounty, linked to @CertiK, faces backlash for disclosing vulnerability reports publicly, revealing threat levels and code locations. Cybersecurity expert Pascal Caversaccio calls for a boycott, citing security risks. Legal experts warn of repercussions without permissions. #Update #Cybersecurity
ArcBlock’s $ABT token surged 20% to $0.31, driven by a 450% rise in trading volume to $8.3M, thanks to the new “Stake to Publish” feature enhancing security and quality on its platform. #Update #Crypto
Tether halts $USDT issuance on Algorand and EOS, citing security and sustainability concerns. Redemption on these blockchains will continue for 12 months. #CryptoNews #Blockchain
Shiba Inu ($SHIB) burn rate surged 8500% on July 3, burning 17.71M tokens. Key wallets: 0x608… (7.77M) and 0xa2d… (4.17M). Despite a downtrend, this could trigger a 28% rebound if support at $0.00001688 holds. Currently, $SHIB trades below its 50-day and 200-day EMAs. #CryptoNews
Gala Games and @AnimocaBrands have partnered to enhance the $GALA token experience. Animoca will facilitate orderly trading and become a GalaChain validator. GALA price rebounded to $0.02623, with trading volume up 38% in 24 hours. Total futures open interest rose to 2.35 billion. #CryptoNews
Spot Ethereum ETFs are set to trade on July 15, with SEC approval expected by July 12. K33 Research predicts up to $5B inflows, absorbing 0.75%-1% of all ETH. This could boost $ETH, outpacing $BTC. #CryptoNews
Ripple and Coinbase are challenging the SEC, leveraging Binance’s recent court win. Ripple highlights a judge’s ruling that XRP sales aren’t securities, questioning the 1946 Howey Test’s relevance. Coinbase calls for clearer rules, citing inefficiencies in SEC practices. This push could reshape crypto regulations. #CryptoNews
Toncoin ($TON) surged 4.5% in 24 hours, 8% over the week, driven by Kazakhstan’s regulatory approval and Pantera Capital investments. Cardano ($ADA) rose 3.5% to $0.418, up 6% weekly, fueled by network upgrades. Both show strong bullish momentum despite market volatility. #CryptoNews
Northern Data AG explores IPO for AI units Taiga & Ardent, valuing them at $10B-$16B. Following a 19% share price surge to €30.6, they secured a €575M credit deal with Tether. Potential NASDAQ listing could impact crypto & AI sectors. #Update #AI #Crypto
Mike Novogratz, CEO of Galaxy Digital, predicts that favorable U.S. crypto regulations will persist regardless of the election outcome, citing bipartisan support. He emphasizes Bitcoin ($BTC) as a hedge against economic instability. Novogratz expects the next administration to foster innovation and regulatory clarity. #CryptoNews
Federal judge sets timeline for Consensys vs. SEC lawsuit. Briefs due by September and November. Case could reshape crypto regulation. Ruling expected in December. #Crypto #Regulation
U.S. Judge Reed O’Connor approved an expedited schedule for @Consensys’ lawsuit against the SEC over MetaMask’s regulation. The SEC must respond by July 29, with briefs due by Nov 1. Ruling expected by Dec. #CryptoRegulation #Update
