Why Are Trump Token Losses Back In Focus? Roughly two-thirds of the wallets that bought President Donald Trump’s official memecoin had recorded losses by the end of June, according to data from analytics firm Nansen. The figures show that 988,905 of about 1.48 million wallets that bought the Official Trump token were in the red,
Why Are Binance Outflows Rising? Binance recorded a sharp increase in weekly net outflows as Ethereum withdrawal activity on the exchange climbed to its highest level in more than 3 years. The exchange saw $1.23 billion in net outflows during the week beginning June 29, up 207% from about $400 million in the previous week,
Why Did Bitcoin ETFs Post Another Negative Week? U.S. spot bitcoin ETFs shed about $527 million over the holiday-shortened week ending Thursday, July 2, extending their weekly outflow streak to 8 consecutive weeks and setting the longest negative run in the category’s history. The drawdown came across only 4 trading sessions, with U.S. markets closed
Why Are Large Bitcoin Holders Buying Into Weakness? Large bitcoin holders bought more than 270,000 BTC over the past 2 weeks, adding roughly $16.7 billion in exposure while U.S. spot bitcoin ETFs recorded their worst monthly outflows since launch. The buying came as bitcoin traded near $61,953 and institutional demand through U.S.-listed funds weakened sharply.
Why Are Trump’s Crypto Earnings Under Scrutiny? President Donald Trump defended the money his family has made from crypto after new financial disclosures showed he earned at least $1.4 billion from the industry last year, making him the largest crypto earner in U.S. politics. Asked in a CNBC interview at the White House whether he
Why Are Korean Companies Questioning the OUSD Disclosure? Samsung Electronics, Dunamu, and several other South Korean firms listed as consortium members for the proposed dollar-pegged stablecoin OUSD said they had not formally agreed to participate, raising questions over how Open Standard presented its partner base. The issue emerged after Open Standard announced a large consortium
Why Is Illinois’ Crypto Tax Drawing Federal Pushback? Commodity Futures Trading Commission Chair Michael Selig sharply criticized Illinois lawmakers after the state approved a 0.2% tax on crypto transactions, warning that the measure could weaken the state’s role in digital asset markets and place it at odds with federal policy work. The Digital Asset Tax
Why Is Binance Challenging Europe’s MiCA Rollout? Binance’s head of Europe and the U.K. said the success of the European Union’s Markets in Crypto-Assets regulation should be measured by how many firms it brings into the regulated system, not only by the existence of a common rulebook. The comments came after the world’s largest crypto
How Did the Belgian Phishing Network Operate? Belgian authorities arrested a 19-year-old suspected of playing a key role in a European phishing and money-laundering network that stole more than 500,000 euros, or about $572,000, through fake government communications and remote-access software. The suspect was detained in an Airbnb in Antwerp, where police also found a
Why Is A7A5’s Trading Activity Being Challenged? A dispute is widening between A7A5, a sanctioned ruble-backed stablecoin issuer, and blockchain analytics firms over how much of the token’s reported activity reflects genuine market usage. A7A5, a Russian cross-border stablecoin designed to support payments outside Western financial channels, says it averages about $205 million in daily