Hedge Funds Turn Net Long on Bitcoin Futures Amid Weak Spot Demand
Hedge funds have shifted to a net long position in Bitcoin futures on the CME. However, US spot demand and overall futures open interest remain subdued.
European Stock ETFs Return to Inflows as Earnings Lift Markets
European stock ETFs recorded positive net flows in July, ending months of outflows. Strong earnings and record index levels supported renewed investor allocations.
Binance-Affiliated Firms Sue RedotPay Founders for $472.8 Million
Binance-affiliated companies are suing RedotPay’s founders for $472.8 million over disputed card top-ups and alleged user diversion. Parallel cases are under way in Hong Kong and Singapore.
Latin America Sees $31.5B in Stablecoin Flows Beyond Banks
BeInCrypto data shows $31.5 billion in annualized stablecoin withdrawals in Latin America in 2026. More than 99% of the withdrawn volume moved again within 30 days.
Microsoft Copilot Lawsuit Sets August 11 Deadline for Investors
Microsoft investors have until August 11 to seek lead plaintiff status in a federal lawsuit tied to Copilot disclosures. The case follows a 10% share price drop in January 2026.
IRS Warns of Fake Crypto Compliance Letters Sent by Mail
The IRS has alerted crypto holders to counterfeit letters promoting a fake compliance portal. The scam uses QR codes and impersonation tactics to steal data and assets.
OFAC Sanctions Firms Over Iran Strait Insurance Scheme
The US Treasury sanctioned two firms over an alleged IRGC-backed insurance scheme in the Strait of Hormuz. Authorities cited Bitcoin payments and designated eight tankers as blocked property.
Digital Chamber Sues Illinois Over 0.2% Digital Asset Tax
The Digital Chamber is challenging Illinois’ 0.2% Digital Asset Tax Act in court before its 2027 launch. The group argues the law unfairly targets blockchain-recorded assets.
Open USD Expands Stablecoin Competition With Consortium Model
Open USD launches with more than 140 partners and a reserve revenue-sharing model. The move intensifies competition in a stablecoin market exceeding 300 billion USD in supply.
UBS Raises Stoxx Europe 600 Target to 690 Points
UBS increased its year end target for the Stoxx Europe 600 to 690 points, citing earnings momentum and sector revisions. Other banks have also raised projections, though some strategists remain cautious.