Analysis
Politics
Ex-Obama Solicitor General accuses regulators of intentionally debanking crypto firms
The amicus brief was filed on behalf of Custodia Bank, which is appealing a Wyoming district court's decision to grant the Federal Reserve discretion to deny it a Master Account.
Adoption
German MP urges government to stop selling Bitcoin
Cotar condemned the government's move, contrasting it with discussions in the US, where Bitcoin is being considered as a strategic reserve currency.
Regulation
Nigeria to mandate local offices, leadership for crypto firms seeking license under new regime
The new requirements are part of a broader initiative to ensure closer regulatory supervision and support for local market development.
Technology
Bittensor proposes burning 10% supply to stabilize TAO following $8 million exploit
The exploit, which occurred on July 2, saw a Bittensor user lose 32,000 TAO tokens due to a leaked private key.
Adoption
Russia contemplating permanently legalizing stablecoins for cross-border payments
Russia is considering regulating the entire transaction chain, from transferring these assets into the country to accumulating and utilizing them for cross-border payments.
Mining
Europe’s largest Bitcoin miner Northern Data to launch IPO in the US
The IPO is scheduled for the first half of 2025 and set to value the miner between $10 billion and $16 billion.
Politics
Galaxy’s Novogratz says crypto will get favorable regulation regardless of who wins elections
Novogratz said that despite some opposition from certain lawmakers, the majority of US politicians are inclined toward supporting innovation in the crypto industry.
Legal
Court greenlights expediting Consensys, SEC lawsuit
According to the timeline, all five SEC commissioners and the regulator must file their answers by July 29, with reply briefs due by Nov. 26.
Bankruptcy
Celsius Network initiates legal action to recover funds from pre-bankruptcy withdrawals
The lawsuits, filed in the US Bankruptcy Court for the Southern District of New York, target those with more than $100,000 in Withdrawal Preference Exposure (WPE).
Adoption
US Marshals Service picks Coinbase Prime to custody ‘Class 1’ digital assets
Coinbase Prime will implement storage and liquidation techniques in compliance with both DOJ and USMS policies.
Stablecoins
Circle becomes first stablecoin issuer to secure regulatory approval under MiCA
The license was issued by France's financial regulator the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
Banking
France, Hong Kong regulators sign MOU to explore wholesale CBDCs, tokenization
Both institutions aim to explore innovative financial market infrastructure that facilitates seamless interbank settlement of tokenized money through wholesale CBDCs.