Trading
Legal
$2.48B BTC transfers challenge ‘lost’ Bitcoin wallets in Satoshi lawsuit
The transfers weaken the abandonment claim at the center of a lawsuit seeking title to 3.799 million BTC.
Hacks
Ethereum’s Jaredfromsubway MEV bot drained after approving its own $7.5M theft
Attackers used fake markets to turn Jaredfromsubway.eth’s trading approvals into a $7.5 million allowance drain.
Market
Bitcoin’s ‘digital credit’ yield trade breaks below par as margin calls hit $10 billion market
STRC and SATA's first major selloff showed how quickly that trade can crack under margin pressure.
ETF
Franklin Templeton new ETFs would convert US companies stock dividends into Bitcoin exposure
Franklin Templeton’s dividend-funded proposal follows BlackRock’s income-focused Bitcoin ETF as issuers search for the next product category.
Adoption
Bitcoin network activity has a dramatic rebound – hits highest since 2024 even as price struggles
Network activity has broken above trend for the first time since mid-2024, but muted fees and weak prices show the market has yet to reward the surge.
Regulation
Europe’s MiCA July deadline puts Binance access and USDT liquidity on the line
The EU’s MiCA deadline is reshaping who can trade, issue stablecoins and serve millions of users across the bloc.
Taxes
Illinois’ new crypto tax puts users under a burden stocks do not face
Industry advocates say the state is singling out crypto assets while leaving stocks untouched by a comparable transaction tax.
Analysis
Strategy’s STRC draws bearish options bets as it falls to new all-time low
STRC’s record low has sharpened scrutiny of the company’s dividend runway and its ability to keep funding Bitcoin purchases
People
Elon Musk’s wealth has now surpassed Bitcoin market cap amid SpaceX’s continued rally
SpaceX rally has lifted Musk’s fortune above Bitcoin’s market cap and made SPCX the clearest symbol of today’s risk appetite.
Digital Asset Treasuries
Strategy’s $10 billion STRC Bitcoin yield product sinks to yearly low as market demands higher payout
STRC was built to trade near $100, but its drop toward $92 is testing one of Michael Saylor’s key funding channels.
Trading
SpaceX is trading like a $2T meme stock after its record IPO
Elon Musk’s company has jumped more than 50% from its IPO price as retail demand, crypto leverage and short liquidations amplify the rally.
RWA
XRP just beat Ethereum, Solana and others in 90-Day RWA flows as traders pile back into the token
XRPL’s $1.9 billion in 90-day RWA inflows gives XRP traders a fresh narrative as derivatives activity rebounds without a major leverage spike.
