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.
Legal | News | Regulation
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.
Legal | News | Regulation
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.
News | Regulation | Security
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.