Hyperliquid and Phantom Urge CFTC to Clarify DeFi Rules
Hyperliquid and Phantom filed a joint comment urging the CFTC to clarify that DeFi software and non-custodial wallets are not exchanges. The regulator will review responses before deciding on guidance or rulemaking.
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Binance Disputes DOJ Memo on US Law Enforcement Cooperation
Binance rejects claims that it will scale back cooperation with US authorities after a reported DOJ memo. The exchange cites a possible misreading of its ADGM licensing obligations.
DOJ Memo Flags Possible Shift in Binance Cooperation
A reported DOJ memo warns prosecutors of possible reduced Binance cooperation in crypto cases. Binance denies any change to its law enforcement policies.
DDSC Approved for VARA Exchanges in UAE
DDSC has received Central Bank approval to partner with selected VARA-regulated exchanges in the UAE. The dirham-backed stablecoin has already processed over AED 150 million in transactions.
WEMIX Lists on Kraken, Expanding Access to Western Markets
WEMIX has been listed on Kraken with a USD trading pair. The move expands the gaming-focused Layer-1 token’s reach into Western markets.
TAC Drops Over 90% in Minutes With No Confirmed Cause
TAC plunged from around $0.06 to nearly $0.004 within minutes on July 7. No confirmed security breach has been reported.
Bitcoin Suisse Secures FSRA License in Abu Dhabi
Bitcoin Suisse subsidiary BTCS ME has received Financial Services Permission from ADGM’s FSRA, allowing it to provide regulated digital asset services to institutional clients in the UAE.
Meta Discloses $1.4 Trillion Penalty Demand in US Youth Safety Case
California, Colorado, Kentucky, and New Jersey are seeking $1.4 trillion from Meta over alleged youth safety violations. The case is part of a broader 29 state trial under COPPA.
BONK DAO Loses $20 Million in Governance Attack, Token Drops
BONK DAO confirmed that $20 million in tokens were drained through a malicious governance proposal. The token fell over 10% as stolen funds began moving to exchanges.
Summer.fi Halts Vaults After $6M Exploit, SUMR Drops 18%
Summer.fi suspended its Lazy Summer vaults after a $6 million exploit. The protocol’s SUMR token declined by more than 18% following the news.
Hackers Drain About $6 Million From Summer.fi in DeFi Exploit
Summer.fi was reportedly exploited for around $6 million, with the LazyVault_LowerRisk_USDC vault identified as the main target. The SUMR token fell 5.3 percent over 24 hours.
Trump Reports $636M From Meme Coin as Senator Pushes Ban
A financial disclosure shows Donald Trump earned $636 million from the TRUMP meme coin in 2025. Senator Kirsten Gillibrand is renewing efforts to ban digital assets issued by elected officials and their spouses.
IMF Warns Legal Uncertainty Is Holding Back Tokenized Assets
The IMF states that unresolved questions around ownership and settlement are limiting tokenized assets. Around 60 billion dollars in assets remain fragmented across regulatory regimes.
RBI Pushes to Isolate Crypto From Banks in India
India’s central bank has asked lawmakers to legally separate cryptocurrencies from the banking system and prohibit their use in payments. Parliament is reviewing the proposal as part of a broader study on digital assets.
Tether Freezes 131 TRON Wallets After Updated ISIS-K Sanctions
Tether froze funds in 131 TRON wallets after the US Treasury updated its ISIS-K sanctions list. Blockchain data shows the addresses received over $1.4 million since 2023.
Bond Launches on 0G to Build DeFi and Neobank Layer for AI Agents
Bond has launched a DeFi platform on the AI-focused 0G blockchain aimed at enabling autonomous AI agents to trade and manage funds. The project is backed by 0G Labs with incentives and liquidity support.
MiCA Transition Period Ends, Reshaping EU Crypto Market
The EU MiCA transition period ended on July 1, 2026. Only licensed crypto-asset service providers can now legally operate across the European Economic Area.
