Bitcoin Traders Position for ‘Bullish July’ as BTC ETFs Record $124M Inflows Bitcoin has a median return of 9.6% in July and tends to bounce back strongly, one trading firm said.

Crypto-Friendly Silvergate Bank Pays $63M to Settle Charges With SEC, Fed, California Regulator The U.S. Securities and Exchange Commission filed a complaint against Silvergate Bank’s parent entity and its former executives on Monday.

Circle Snags First Stablecoin License Under EU’s New MiCA Crypto Rules Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA.

U.S. Administrative Procedure Law Exists for a Reason. The SEC Must Follow It The regulator’s refusal to listen to dissenting opinion on its new Dealer Rule left us no option but to sue for clarity and accountability, says Marisa Coppel, head of legal at the Blockchain Association.

DePIN: It’s Time for Crypto to Get Real DePIN stands for Decentralized Physical Infrastructure Networks, or in simple terms, real-world applications that are actually useful, says Max Thake, cofounder of Peaq, a layer-1 for DePIN.

Biden’s Blunder Ignites Trading Frenzy on Polymarket Odds that the president will drop out of the race surged as high as 50% after the debate before leveling off at 40% on the crypto-based prediction market.

First Mover Americas: Bitcoin Relief Rally Stalls at $63K as Crypto Rebound Faces Hurdles The latest price moves in bitcoin (BTC) and crypto markets in context for July 1, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Crypto Spot ETFs Will Have More Influence on Market’s Price Action: Canaccord Ether spot ETFs, once launched, should help broaden institutional appetite for other digital assets, the report said.

Crypto Custody Firm Anchorage Offers Investment Returns Through Deal With Cumberland-Backed Hashnote Hashnote Harbor will enable clients to earn yields on digital commodities without the assets ever leaving the custody of Anchorage Digital.

CoinDesk 20 Performance Update: NEAR and AVAX Lead Over the weekend, NEAR and AVAX lead the CoinDesk 20 with only one asset posting a loss.

Marine Le Pen’s Far-Right National Rally Party Leads in First Round of French Election The far-right party associated with Marine Le Pen led in the first round of France’s two-part election.

Market Confidence Could Quickly Crumble, BIS Warns Indebted Nations BIS, the umbrella body for central banks highlights, highlights risks from mounting fiscal debt worldwide and premature rate cuts.

Metaplanet Buys Another $1.2M Worth of Bitcoin as Investment Strategy Progresses The Japanese investment adviser said it acquired more than 20.2 BTC.

Abra Launches Treasury Service for Corporates That Want to Hold Crypto The service will provide corporates, family offices and non-profits with a range of digital asset treasury management solutions.

Prime Broker Hidden Road Adds Major Crypto Exchanges, Expands Use of BlackRock’s BUIDL Token Hidden Road is now integrated with Coinbase International Exchange, OKX, Deribit, Bitfinex, AsiaNext, SIX Digital Exchange and Bullish.

Sony Buys Amber’s Japan Unit to Enter the Crypto Market: Reports Last year, Bloomberg had reported that Amber was planning to sell its Japanese unit.

Bitcoin’s Potential Rebound May Face Resistance at $65K, OnChain Analysis Shows Short-term holders wallets sitting on loss may liquidate holdings near $65,000, capping a renewed upswing in bitcoin’s price.

U.S. Judge Lets Most of SEC Case Against Binance Proceed, Dismisses Secondary Sales Charge A federal judge ruled the SEC had plausibly alleged Binance, Binance.US and Changpeng Zhao violated federal securities laws.

Ripple’s Big Court Win Nonetheless Muddied Waters on Whether XRP Is a Security Deserving Tougher Regulation In a near-vacuum of legal and regulatory clarity for crypto, district judges’ opinions on whether a given token is a security or not – which determines the level of regulation – can vary from court to court.

U.S. Treasury Issues Crypto Tax Regime For 2025, Delays Rules for Non-Custodians The IRS has now set up its reporting system for crypto brokers, but it set aside related rules for DeFi and unhosted wallets as it continues to study 44,000 comments to the agency.