Topic: #latest-news
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Sony Bank gains OCC preliminary approval for US dollar stablecoin
Sony Bank received preliminary approval from the Office of the Comptroller of the Currency to establish a stablecoin issuance business through a new subsidiary, Connectia Trust, National Association, backed by $40 million in starting capital.
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Ethereum trader loses $1M to phishing token approval scam
A crypto user lost nearly $1 million in USDT after signing a malicious token approval on Ethereum. The incident highlights approval phishing as a dominant attack vector in 2025, when onchain scams pulled in at least $14 billion.
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Bitcoin nears cycle bottom as over 50% of supply held at loss
K33 reported that over 50% of Bitcoin is currently held at a loss, a metric that has historically preceded a market bottom within weeks. Previous cycles saw Bitcoin recover within 13 to 101 days after reaching this threshold, with strong one-year returns in most cases.
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Vitalik Buterin's Anonymity Pierced by AI Analyzing Reasoning Patterns
Ethereum co-founder Vitalik Buterin confirmed that AI-assisted analysis correctly identified his anonymous contribution to an Ethereum proposal two weeks after he publicly challenged whether current AI tools could pierce online anonymity.
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Ill Bloom Vulnerability Drains $5M From Thousands of Crypto Wallets
Coinspect identified a critical vulnerability affecting thousands of wallets across Bitcoin, Ethereum, Polygon, and other chains. The "Ill Bloom" exploit stems from weak recovery phrase generation in certain software wallets, with at least $5 million drained since May 27.
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SARS Publishes Draft Crypto Tax Guidance Under Existing Framework
South Africa's Revenue Service published draft guidance on how crypto assets are taxed under existing income and capital gains tax rules, opening a public comment period through August 31.
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Binance outflows triple to $1.2B as Ethereum withdrawals hit 3-year high
Binance recorded $1.23 billion in weekly net outflows—a 207% surge from the prior week—as Ethereum withdrawal transactions reached their highest level since March 2023, driven by regulatory uncertainty and market positioning shifts.
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Trump Defends $1.4B Crypto Earnings as Congress Debates Regulation
US President Donald Trump defended earning roughly $1.4 billion from crypto ventures while in office, saying nothing was wrong with the profits. His latest financial disclosure reignited conflict-of-interest concerns as Congress debates major crypto legislation including the CLARITY Act.
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Russia's Digital Ruble Launches Sept. 1 as US, EU Diverge on CBDC
Russia's central bank confirmed plans to launch its digital ruble on September 1, with EU sanctions already in place and the US moving toward a CBDC ban. The timing underscores diverging regulatory approaches to central bank digital currencies amid geopolitical tensions.
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Goliath Ventures CEO Pleads Guilty in $400M Crypto Fraud Scheme
Christopher Delgado, former CEO of Goliath Ventures, pleaded guilty to wire fraud and money laundering in a scheme that raised at least $400 million from investors and caused $250 million in losses. He agreed to forfeit eight properties, luxury goods, and crypto wallets.
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Australia's crypto travel rule takes effect July 1 with no minimum threshold
Australia's crypto travel rule came into force on July 1, requiring exchanges to collect additional information on all outgoing and incoming transfers, aligning the country with similar rules in the EU, US, and UK.
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Bitmine lifts Ether holdings to 5.7M as it joins Russell 1000
Bitmine purchased roughly $43 million worth of Ether last week upon joining the Russell 1000 Index, bringing its holdings to 5.7 million tokens and narrowing the gap to its 5% supply target.
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Senate leaders push CLARITY Act passage before July 13 recess
Republican Senate leaders are racing to pass the CLARITY Act within a four-week window before July 13 recess, but President Trump's recent move to block another bill has cast doubt on the cryptocurrency regulation measure's future.
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Germany leads EU MiCA crypto licensing with 57 providers ahead of July 1
Germany has secured 57 MiCA-authorized crypto-asset service providers—about 23% of 244 total licenses across the EU and EEA—ahead of the July 1 regulatory deadline, with France and the Netherlands also among top hubs despite fragmented national implementation.
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Binance $400M outflows as MiCA deadline nears, exodus limited
Binance recorded over $400 million in net outflows during the week of June 22 as the EU's MiCA regulatory deadline approaches July 1. Flow data suggest no mass migration despite rivals courting users with regulatory licenses.
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US Senators Urge CFTC Probe of Polymarket Over Deceptive Marketing
Senators John Curtis and Adam Schiff have called on the CFTC to investigate Polymarket after reports that the platform paid influencers to film fake trades without proper disclosure, raising questions about the regulator's enforcement authority.
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Binance restricts EU services July 1 after failing to secure MiCA authorization
Binance will halt onboarding of new EU users and limit certain services starting July 1 under MiCA rules after failing to gain authorization from a member state. Existing users can withdraw assets and manage positions.
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South Korea integrates token securities into capital market modernization plan
South Korea's Financial Services Commission has integrated token securities infrastructure into a wider capital-market overhaul covering settlement acceleration, extended trading hours, and digital transformation.
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StarkWare Launches Private KYC on Starknet Using Zero-Knowledge Proofs
StarkWare introduced Private KYC on Starknet, allowing users to prove specific identity attributes via zero-knowledge proofs without exposing full passport details. The launch addresses record data breaches across sectors.
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Carstens Backs Stablecoin-Fiat Coexistence, Calls for Global Regulation
Agustín Carstens, the former general manager of the Bank for International Settlements, said stablecoins can enhance financial inclusion and innovation, reversing his earlier skepticism and calling for regulatory frameworks that enable them to coexist with traditional fiat money.
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Ethereum Co-Founder Joe Lubin Backs New Ethlabs R&D Nonprofit
Ethereum co-founder Joe Lubin and ether treasury firms Bitmine and Sharplink have funded Ethlabs, a new nonprofit research organization led by five former Ethereum Foundation researchers tasked with readying the blockchain for institutional adoption through stablecoins and tokenization.
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Philippine SEC signals readiness to regulate tokenized real-world assets
Philippine Securities and Exchange Commission Commissioner Rogelio Quevedo told Cointelegraph that the country is prepared to accommodate asset tokenization, which could offer overseas Filipino workers legitimate investment options and help combat scams.
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Ireland flags crypto risks in first government assessment since 2019
Ireland's government released its first digital-asset risk assessment since 2019, identifying money laundering, terrorism financing, sanctions evasion, and bribery as major threats. The country plans to implement industry standards by mid-2027.
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Kentucky sues Kalshi and Polymarket over sports betting contracts
Kentucky joined at least 17 states in suing prediction market operators, alleging they're running unlicensed sports betting platforms. The case highlights a growing legal dispute over whether prediction markets are federally regulated commodities or state-regulated gambling.