Botanix to shut down after 4 years, cites weak demand for Bitcoin DeFi
The Spiderchain developer told users to withdraw assets by July 9 after concluding demand for Bitcoin-native DeFi was not sufficient to support the network.
EU proposes ban on 11 crypto platforms in Russia sanctions push
The proposed measures would ban transactions on 11 crypto platforms and expand sanctions targeting networks accused of helping Russia evade restrictions.
SpaceX IPO nears 4 times oversubscribed, squeezing crypto and tech
Tech stocks and crypto are selling off in a “classic pre-mega-IPO liquidity squeeze,” say analysts.
Hyperliquid, Paradigm urge revision of GENIUS money laundering rule
The Hyperliquid Policy Center and Paradigm say the Treasury’s money laundering rules for the GENIUS Act are too onerous for stablecoin issuers.
Chainalysis, South Korean police link up to fight crypto crime
South Korea’s national police has been battling crypto-enabled crimes from DPRK-state level threats to scams targeting retail investors.
‘Maximal’ ban on insider trading would hurt prediction markets, says researcher
“The same insider trade that improves the accuracy of the price today can reduce the participation that makes the price informative tomorrow,” said Balbinder Singh Gill.
Crypto users wary as Anthropic releases Claude Mythos with safeguards
Venture capitalist Simon Dedic said Anthropic’s latest AI models drop the cost and skill needed to find crypto exploits to “basically zero.”
ETH crash to $1K looms if key support breaks: Will futures traders step in?
Ether’s futures open interest fell by 25%, putting pressure on the $1,500 support level. Is a drop to $1,000 next?
Solana Institute CEO says CLARITY Act must shield open-source developers
Kristin Smith urged the Senate to preserve developer protections in the CLARITY Act, arguing open-source builders should not be regulated as financial intermediaries.
BBB refers prediction market Kalshi to state regulators over ad inquiry
A BBB advertising watchdog escalated its review of Kalshi after the prediction market platform declined to participate in an inquiry into influencer disclosure practices.