Stablecoins
Regulation
House clears HB 1664, setting Commerce Department as lead federal blockchain coordinator
The bill now heads to the Senate, where it meets a similar measure introduced by Senators Moreno, Blunt Rochester, and Sheehy.
Analysis
Binance Bitcoin inflows plunge to 5,700 BTC, less than 50% of the monthly average since 2020
Falling inflows suggest a holding behavior from investors, indicating that selling at $105,000 could be out of question.
Regulation
US adopts crypto in mortgage risks as Fannie Mae and Freddie Mac update asset models
The order also requires the enterprises to add risk mitigants that account for market volatility and to keep reserve ratios that reflect the share of collateral held in digital assets.
Layer-2
Coinbase launches Cardano and Litecoin wrapped tokens cbADA, cbLTC on Base
The launch comes after Coinbase released cbDOGE and cbXRP in early June, finishing the launches previewed on May 13.
Hacks
zkLend shuts down amid exploit fallout and delistings, remaining $200k redirected to users
The removal of ZEND from Bybit and KuCoin made a relaunch unrealistic, according to the protocol.
Staking
US academic institutions urge SEC to implement stringent crypto staking rules, oversight
Academic leaders propose staking transparency and guarding against aggressive yield advertising in SEC discussions.
Regulation
Senate Banking Committee pushes for rapid legislative action on crypto market framework
The committee's seven-point framework distinguishes digital securities from commodities, aiming to close regulatory gaps while maintaining innovation.
ETF
Spot Ethereum ETFs record $1B inflows in 15 trading days, hitting $4B for the first time
BlackRock's iShares Ethereum Trust (ETHA) drove the expansion with $5.3 billion of gross inflows.
Investments
Number of XRP holders almost doubled within six months, overtaking Solana
The amount of XRP holdings reached 5% of the total in January, when the token reached its highest price in seven years.
Crime
Dark market activity on Telegram persists despite $27B Huione ban – Elliptic
Merchants immediately moved to Tudou Guarantee, a rival in which Huione owns a 30% stake.
Analysis
Bitcoin whipsaws back to $104k after losing six-figures as Iran’s failed attack signals end of tensions
As of press time, Bitcoin was trading at $103,801.74, up 4.5% over the past 24 hours after hitting an intraday low of around $99,500.
Investments
Survey: 82% of US wealthy investors favor advisers who can deliver informed crypto strategies
When asked about red flags, 29% point to advisers who lack personal crypto experience.
