Market
Technology
Sui Network hits 1M active addresses within two months of launch
SUI price has mostly traded below $1 since its launch in May.
Tokenization
Multichain halts operations following CEO’s arrest; MULTI plunges 15%
The Multichain team said the protocol nodes and servers are under the control of its detained CEO.
Crime
Beware of scams exploiting Ripple’s success, CTO David Schwartz warns
Malicious players are trying to profit from Judge Torres's landmark ruling, spreading phishing links on Twitter.
Bankruptcy
Federal Trade Commission settles with Celsius for $4.7B fine; permanently bans company from all trading activities
Co-founders Alex Mashinsky, Shlomi Daniel Leon, and Hanoch Goldstein are not parties to the settlement and their cases will proceed in federal court.
ETF
First European Bitcoin ETF set to launch this month after 12-month delay
Demand for Bitcoin ETFs is currently high as several financial institutions have applied for a spot Bitcoin ETFs in the U.S.
Tokenization
Polygon Labs proposes replacing ‘MATIC’ token with upgraded ‘POL’ in ecosystem expansion plan
Polygon Labs predicts that POL's price during 10-year growth scenario will average $5.
Bankruptcy
Celsius’s Mashinsky arrested, SEC files securities fraud charges – reports
The U.S. SEC alleges that Mashinksy and Celsius manipulated CEL's token value.
Regulation
Lummis-Gillibrand crypto bill faces Congress hurdle, yet could shape future legislation
Paradigm policy director Justin Slaughter said Congress members can add parts of the Lummis-Gillibrand bill to the McHenry-Thompson bill
Exchanges
Coinbase challenges SEC’s attempt to dismiss defenses, asserts lack of regulatory authority over crypto
Coinbase's Paul Grewal tweeted that the exchange was ready to address the Court on July 13.
Crime
More than 9,000 Bitcoin seized in connection with Silk Road on the move
One of the Bitcoin transaction was pending as of press time, according to on-chain data.
Regulation
European Banking Authority urges stablecoin issuers to comply with upcoming MiCA regulation
EBA issued five guiding principles for the stablecoin issuers to comply with.
Bankruptcy
Celsius files lawsuit to recover $150M crypto assets from StakeHound
Celsius argued that StakeHound refused to return the entrusted funds when it went bankrupt last year.