Bankrupt exchange FTX will initiate its fifth creditor distribution on July 31, unlocking nearly $900 million for claimants while founder Sam Bankman-Fried faces dwindling prospects for a presidential pardon following explicit resistance from political leadership.
Polymarket traders have slashed the odds of the CLARITY Act passing in 2026 to 32%, reflecting growing investor skepticism after President Donald Trump’s meeting with Senate Republicans failed to produce the long-awaited revised text of the legislation.
SpaceX stock tumbled nearly 5% to $125 on Wednesday, marking a new post-IPO low after a technical failure forced the company to abort the 13th test flight of its Starship rocket. The decline pushes shares below the company’s $135 offering price, capping a 35% drop over the past month.
“This is how you lose the AI race,” declared David Sacks after China’s Kimi K3 model secured the top spot on the Frontend Code Arena. The former White House crypto advisor argues that stringent domestic regulations and federal pre-approval hurdles are effectively handicapping American developers while Chinese laboratories accelerate their progress.
Dogecoin dropped 3.17% to $0.071 on July 17, marking a period of stagnation for the asset. Despite the arrival of T. Rowe Price’s new actively managed crypto fund, U.S. Dogecoin ETFs have recorded zero fresh capital inflows over the past month, suffering $871,000 in net outflows during July.
Eligible E*TRADE users can now buy, sell, and hold Bitcoin, Ethereum, and Solana directly through their brokerage accounts. Morgan Stanley implemented a 0.50% fee per transaction for the new service, which utilizes infrastructure provided by Zerohash to manage the underlying digital assets for its client base.
With the Monetary Authority of Singapore granting formal approval on July 16, Japanese financial giant SBI Holdings has officially taken a majority stake in Coinhako. The deal transforms the decade-old Singaporean exchange into a consolidated subsidiary, providing SBI with a regulated gateway to expand its digital asset footprint across Southeast Asia.
A Shilin District Court judge has sentenced the founder of the BitShine crypto exchange to 22 years in prison for orchestrating a massive fraud and money laundering operation. Prosecutors proved the defendant, identified as Shih, defrauded over 1,500 victims of more than NT$1.27 billion by exploiting the platform’s infrastructure.
After a failed attempt to build a crypto reserve last year, Tokyo-listed Bitcoin Japan is attempting a fresh start with a 9.66 billion yen ($59.5 million) capital raise. The company, formerly known as Horita Marusho, intends to dedicate approximately 7% of these proceeds to its inaugural Bitcoin purchase.
Federal Judge Marcelo Martínez de Giorgi has ordered the identification of holders behind 25 cryptocurrency wallets linked to the $LIBRA token, following a police investigation that traced approximately $8.2 million in suspicious transfers moving through major global exchanges since May.
After five years contributing to the Ethereum Foundation, researcher Francesco D’Amato has joined the independent nonprofit Ethlabs. His transition reflects a broader trend of core developers moving to decentralized organizations as the Foundation restructures its internal operations and shifts its long-term development focus.
Following a $75 million lending loss and subsequent Chapter 11 bankruptcy filing, BlockFills has offloaded its institutional trading and brokerage assets to Brussels-based market maker Keyrock. The acquisition secures proprietary technology, client relationships, and specialized derivatives expertise for the expanding firm as it seeks to scale its global institutional footprint.
Bitcoin Ordinals advocate Leonidas has unveiled a new open-source client dubbed Bitcoin $DOG Mode, designed to challenge long-standing policy restrictions within the Bitcoin network. The software aims to bypass transaction size limits and dust thresholds currently enforced by Bitcoin Core and Bitcoin Knots, rather than by the protocol’s consensus rules.
The Dutch Authority for the Financial Markets has granted BitPay B.V. status as a crypto-asset service provider, unlocking the company's ability to offer regulated digital asset services across all European Union member states under the bloc's comprehensive Markets in Crypto-Assets framework.
A Rotterdam court has officially declared the Dutch cryptocurrency exchange Knaken bankrupt after prosecutors uncovered a 7 million euro hole in the platform's balance sheet. The ruling follows a criminal investigation into the missing funds, which remain unaccounted for as local authorities attempt to untangle the firm's collapse.
MicroStrategy’s decision to bolster its cash reserves to $3 billion, coupled with consistent inflows into bitcoin futures, provides a vital buffer for the cryptocurrency market. JPMorgan analysts suggest these moves mitigate risks of forced asset liquidation, even as spot Bitcoin ETFs experience inconsistent trading patterns.
Visa has unveiled an enterprise stablecoin platform, positioning itself as a central hub for banks and fintechs to manage digital assets. By integrating Open USD as its primary supported currency, the payment giant is providing institutions with a direct infrastructure to mint, store, and transfer stablecoins alongside traditional payment rails.
A $53 billion takeover proposal from Stripe and private equity firm Advent International has hit a wall, as PayPal’s board argues the offer fails to reflect the company’s long-term growth potential and presents significant regulatory hurdles.
Stablecoins now account for 69% of all digital asset transaction volume on Fireblocks, signaling a shift in institutional treasury operations. To capture this demand, Circle has integrated its Gateway and Payments Network directly into the Fireblocks infrastructure, enabling cross-chain USDC management and global fiat settlements for enterprise users.
“To the person who hacked my account earlier this week: thanks for all the new crypto followers,” Airbnb CEO Brian Chesky wrote on X this Wednesday. The post officially confirmed that a series of detailed threads promoting blockchain-based real-world asset tokenization published on his profile were the work of unauthorized intruders.
With $1.2 billion in Bitcoin options expiring on July 17, the digital asset market showed little sign of breaking its month-long consolidation. While traders analyzed the $63,000 maximum pain point for BTC, Ethereum faced a deeper divide as put-call ratios signaled persistent caution regarding the asset’s near-term direction.
After two years of operation, MegaETH is terminating its Mega Mafia accelerator program. Despite helping 20 incubated teams secure approximately $80 million in capital, the blockchain network failed to retain these projects, which increasingly opted to build on alternative infrastructures rather than the native MegaETH ecosystem.
Crypto trader Ansem is questioning the market's reliance on token buybacks, arguing that recurring repurchases fail to compensate for a lack of community trust. He highlights a massive valuation gap between Hyperliquid’s HYPE and Pump.fun’s PUMP as evidence that financial engineering cannot replace genuine user alignment.
With over 21 million crypto accounts active in the country, Bybit has established a formal local presence by acquiring PT Enkripsi Teknologi Handal, formerly known as NOBI. The move allows the global exchange to operate directly under the supervision of Indonesia’s Financial Services Authority, moving beyond its previous offshore-only model.
Injective claims to have filed for transfer agent registration with the U.S. Securities and Exchange Commission, a move intended to bridge the gap between traditional legal ownership records and sub-second blockchain settlement. The project aims to establish a regulated pathway for managing tokenized securities directly on its infrastructure.
After more than seven years at the helm of the decentralized finance project he helped build, Anton Bukov has officially stepped away from 1inch operations. The departure follows a public claim by the co-founder that he was fired last November after attempting to initiate significant changes to company management.
Citadel Securities has injected $400 million into Crypto.com, securing a $20 billion valuation for the digital asset platform. This transaction represents the first institutional funding round in the exchange’s decade-long history, signaling a deeper convergence between traditional market makers and the evolving infrastructure of the crypto industry.
Former Coinbase CTO Balaji Srinivasan has halted a $122 million expansion of his Network School in Johor, demanding formal legal guarantees from the Malaysian government. The standoff follows an investigation into the community’s residents prompted by social media allegations regarding the presence of Israeli citizens within the Forest City development.
Between June 11 and July 13, 1.389 billion USDT changed hands on Binance’s peer-to-peer market in Venezuela, a figure that now competes with the country’s primary oil export earnings. This massive influx of stablecoin activity highlights a shift toward decentralized currency channels as the bolivar faces ongoing pressure.
A CNN investigation reveals that President Donald Trump promoted over 20 companies, including Nvidia and Tesla, shortly after purchasing their shares. The timing of these endorsements, paired with his decision to forgo a blind trust, has intensified legislative scrutiny regarding potential conflicts of interest within his administration.
