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Bitcoin Eyes Breakout Above $110K as Bulls Target $115K
Bitcoin (BTC) is trading near $109,946, holding steady after a record monthly close in June. Price action remains range-bound, with short-term support around $107,950 and resistance near $110,745. Traders are watching closely to see if BTC can break higher.
Momentum indicators are mixed:
RSI (14) hovers near neutral at 51.
MACD shows positive divergence but lacks conviction.
ADX is low, suggesting trend strength is still weak.
Still, BTC trades above all major daily moving averages, signaling strength in the medium term. Bulls will look to reclaim $114,000–$115,000 as the next upside targets if BTC can push through the current resistance zone.
If price breaks below $107,000, support lies at $106,300–$104,100. A deeper pullback remains possible but is not yet confirmed by price action.
Broader sentiment remains cautiously optimistic. Analysts cite institutional demand, ETF inflows, and favorable U.S. crypto policy as tailwinds. Some strategists forecast BTC could reach $125K–$143K, with upside scenarios extending to $200K over the next 12 months.
For now, BTC appears poised in a holding pattern, waiting for a decisive move. A breakout above $110K could ignite renewed momentum and validate the bullish thesis into Q3.
Ethereum (ETH) is currently trading near $2,603, maintaining a narrow range after recent volatility. The price action reflects consolidation, with short-term support around $2,445–$2,460 and immediate resistance near $2,550.
Technicals show a mixed but stable outlook. The Relative Strength Index (RSI) stands at 50.7, suggesting neutral momentum. The MACD prints slightly negative (near –16), hinting at cautious sentiment, while a low ADX (near 11) underscores weak trend strength. Despite these neutral indicators, ETH remains above several critical moving averages, including the 50-day and 100-day SMAs, pointing to a still-intact bullish medium-term structure.
Should ETH break above $2,550, traders could see a push toward $2,600–$2,750, with a potential acceleration if volume increases. Conversely, a loss of support below $2,440 could see prices retreat toward $2,307–$2,230. Current price behavior suggests ETH is coiling for a larger move, with volatility likely to expand soon.
Broader market sentiment supports a constructive bias. Factors such as upcoming Ethereum ETF decisions, protocol upgrades, and growing institutional interest continue to provide longer-term tailwinds. Some analysts project ETH could reach $4,000+ within the year if key resistance zones are cleared.
For now, ETH remains locked in a critical range, with $2,550 as the key level to watch. A confirmed breakout above resistance could validate the bullish thesis and set the stage for a stronger Q3 rally.
Ripple Follows Circle in Push for National Crypto Banking License
Ripple has filed for a national banking license with the U.S. Office of the Comptroller of the Currency (OCC), a move that could give it direct federal oversight over its stablecoin operations and open the door to offering broader crypto-related services.
The application was filed on Wednesday and comes as federal regulators under the Trump administration have taken a more open stance toward the crypto sector, including steps to let national banks handle crypto on behalf of clients.
“If approved, we’d be under both federal and state supervision — a first for any stablecoin issuer,” Ripple CEO Brad Garlinghouse posted on X. Ripple’s dollar-pegged stablecoin, RLUSD, launched earlier this year.
In a related step, Ripple subsidiary Standard Custody & Trust has also applied for a Federal Reserve master account, which would allow it to hold stablecoin reserves directly with the central bank.
Ripple’s push follows a similar move by Circle earlier this week. The issuer of the USDC stablecoin also applied for a national banking license, which would allow it to custody reserves and crypto assets for institutional clients without relying on third-party banks.
The application came on the heels of Circle’s highly successful public debut under the ticker CRCL. Shares surged 167% on the first day of trading, after the IPO priced at $31 — well above the indicated range. The offering was 25 times oversubscribed, drawing heavy demand from both crypto-native and traditional investors.
Circle has long been eyeing a banking charter, though it previously denied reports that it was pursuing other types of licenses like a national trust charter or industrial loan company charter. A federal license would place Circle directly under the OCC’s supervision — an unusual position for a crypto firm and one that could put it ahead of rivals in regulatory preparedness.
Paxos, another stablecoin issuer, received preliminary conditional approval for a federal bank charter from the U.S. Office of the Comptroller of the Currency (OCC) in 2021.
Oasis Protocol Foundation Launches ROFL Mainnet: Verifiable OffChain Compute Framework Powering AI Applications
Cayman Islands, Grand Cayman, July 2nd, 2025, Chainwire
Oasis Protocol Foundation Launches ROFL Mainnet: Verifiable OffChain Compute Framework Powering AI Applications
Positioned as the “Trustless AWS,” ROFL enables developers to build privacy-preserving consumer and finance applications by leveraging Trusted Execution Environments (TEEs)
Oasis Protocol Foundation, steward of the AI-focused and privacy-first Oasis Layer 1 blockchain, has announced the official mainnet launch of Runtime Offchain Logic (ROFL), a transformative new framework designed to enable developers to perform complex computations offchain while retaining blockchain-level trust, verification, and privacy.
ROFL bridges a critical gap in Web3: how to run intensive workloads, such as AI model training, inference, and data analysis, without sacrificing decentralization or trust. With ROFL, developers can execute resource-intensive operations off-chain within secure enclaves, then cryptographically verify and connect the results back to smart contracts on-chain, unlocking entirely new use cases across the AI and blockchain landscape.
“When we think about the future of our digital world, consumers will continue to value convenience and ease of use over anything,” said Jernej Kos, co-founder of Oasis Protocol Foundation. “Which is why it’s critical for developers to focus on building applications that already have privacy and transparency built into their infrastructure. ROFL is a production-ready platform that will serve as plug-and-play infrastructure for building the next wave of AI applications.”
Early Builders on ROFL Are Already Redefining What’s Possible
Two standout projects already building on ROFL underscore the platform’s versatility:
Zeph, a privacy-first AI companion platform, utilizes ROFL to maintain user data confidentiality through trusted execution environments. In a space plagued by security concerns, a 2023 study in the Indian Journal of Psychological Medicine found 74% of companion apps posed “Critical” or “High” security risks. Zeph ensures sensitive data remains protected and verifiable.
WT3, an autonomous AI agent for decentralized trading strategies, is leveraging ROFL to deliver fully private, trustless key management and trade execution. The project is funded with $100,000 in seed capital from the Oasis Protocol Foundation to accelerate development.
And the pipeline is just getting started. ROFL is designed to support a wide variety of future products, including game hosting, MCP servers, LLM oracles, price oracles, AI-powered chatbots, and more.
ROFL: A “Trustless AWS” for AI Applications
What sets ROFL apart is its integration with the Oasis TEE (Trusted Execution Environment) Cloud, a robust infrastructure offering developers a full end-to-end TEE-as-a-Service. This makes ROFL the “Trustless AWS” for AI applications, a white-label compute layer where developers can deploy powerful services with built-in privacy, trust, and scalability.
By combining blockchain’s integrity with the processing power of offchain computation, ROFL offers a breakthrough solution to two of today’s biggest tech challenges: the blockchain ecosystem’s limited application layer and AI’s pervasive trust issues.
Builders can start exploring how to leverage ROFL at the oasis.net/rofl-deck.
About Oasis Protocol Foundation
Oasis Protocol Foundation is a steward of Oasis Network, a Layer 1 blockchain platform focused on privacy, scalability, and versatility. It offers the first production-ready confidential EVM (Ethereum Virtual Machine), Sapphire, enabling privacy-preserving smart contracts and decentralized applications. The network is expanding its focus to include AI applications, positioning itself at the intersection of blockchain, privacy, and artificial intelligence.
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Coinbase Buys Token Platform Liquifi to Smooth Launches for Startups
Coinbase has acquired Liquifi, a token management platform used by Uniswap Foundation, Optimism, and Ethena, in its latest push to support crypto startups and expand its product suite for token issuers.
Terms of the deal weren’t disclosed, but Coinbase says the integration will support Coinbase Prime by adding automated tools for token vesting, distribution, and compliance. America’s largest crypto exchange says those have been pain points that often trip up early-stage projects.
“Launching a token isn’t just about writing smart contracts — it involves legal workflows, team allocations, and complex distribution logic,” said Greg Tusar, VP of Institutional Product at Coinbase. “Liquifi simplifies this, and this deal lets us work with builders earlier in their journey — even before a token is listed.”
Liquifi, based in San Francisco, says it supports over $8.5 billion in token value across more than 100 clients, processing $1.7 billion in token payouts globally last year. Founded in 2021, it raised over $5 million from backers like Dragonfly Capital and Katie Haun, and drew early support from Andreessen Horowitz’s Balaji Srinivasan.
Coinbase plans to fold Liquifi’s features directly into Coinbase Prime, giving corporate clients a streamlined way to issue, manage, and service digital assets from a single platform.
The acquisition is Coinbase’s fourth of 2025, following its $2.9 billion takeover of derivatives exchange Deribit in May, as well as earlier deals involving ad-tech firm Spindl and the privacy-focused network Iron Fish. That deal, if completed, could deepen Coinbase’s reach into the crypto derivatives space while tying in traditional financial instruments like tokenized treasurys.
It also comes amid a broader wave of crypto M&A. Last month, 0x acquired Flood to consolidate the DEX aggregator space, and David Bailey’s Nakamoto Holdings went public via a merger with KindlyMD.
The Liquifi acquisition adds to Coinbase’s toolkit at a time when competitors like Binance are rolling out launch platforms for tokens and early-stage DeFi projects. While Coinbase hasn’t said it’s building a full launchpad just yet, it’s clearly lining up the infrastructure.
Celsius Claims Tether Fire Sale Cost Over $4 Billion in Lost Value
A U.S. bankruptcy judge ruled that Celsius Network can move ahead with a lawsuit accusing Tether of improperly liquidating tens of thousands of Bitcoin during the crypto lender’s collapse in 2022.
The decision denies in part Tether’s attempt to dismiss Celsius’s claims, which center around the alleged “fire sale” of more than 39,500 BTC—then worth about $812 million—seized by Tether after a margin call.
Celsius argues that Tether breached their lending agreement by liquidating the Bitcoin without observing a mandatory 10-hour waiting period. The BTC was allegedly sold at an average price of $20,656, below prevailing market levels, with proceeds then moved to Tether’s Bitfinex accounts. Celsius says the rushed sale cost it over $4 billion at current prices.
Tether, however, disputes these claims, stating that the Bitcoin was liquidated at Celsius’ direction and with its consent at June 2022 prices.
The complaint also accuses Tether of violating good faith provisions under British Virgin Islands law and making fraudulent and preferential transfers that can be challenged under U.S. bankruptcy rules.
Tether claimed the lawsuit should be thrown out on jurisdictional grounds, arguing that the British Virgin Islands and Hong Kong-based firm falls outside U.S. bankruptcy law. But the judge sided with Celsius, saying the conduct and transfers in question were domestic enough to keep the case in U.S. court. While some secondary claims were dismissed, the core breach-of-contract and fraudulent transfer counts will proceed.
The case stems from the chaotic unwinding of Celsius in mid-2022, when the lender froze customer accounts and entered bankruptcy with a multibillion-dollar hole on its balance sheet. Celsius exited Chapter 11 proceedings in January after an 18-month restructuring and has begun repaying creditors.
Earlier this year, Celsius also appealed a court decision rejecting its $444 million claim against the insolvent crypto exchange FTX.
Celsius originally pursued a $2 billion claim against FTX, arguing that misleading statements made by FTX executives damaged Celsius’ financial stability and contributed to its eventual collapse. As the case evolved, Celsius revised its claim, narrowing the focus to $444 million. The reduced claim centered on preferential transfers that Celsius alleged unfairly benefited select creditors at the expense of others.
Liquidnet Expands U.S. Equities Business With Strategic Hires to Bolster Block and High-Touch Trading
Liquidnet has announced the appointment of three senior professionals to reinforce its U.S. Equities business, part of a broader strategy to enhance execution capabilities across the Americas. The firm named Mark Turner as Co-Head of Equities Sales and Trading, Hillary Budds as Head of U.S. Crossing, and David Ramirez to a senior role in High-Touch and Program Trading.
The move supports Liquidnet’s focus on agency execution, particularly in high-touch trading, regional coverage, and block liquidity. The new hires bring extensive experience from institutional trading and venue innovation, reinforcing Liquidnet’s strategy to deliver tailored execution solutions for asset managers.
Mark Turner, Hillary Budds, David Ramirez connected to Instinet
Chris Jackson, Global Head of Equities at Liquidnet, commented, “This is an inflection point for our Equities business in the US. As client expectations evolve, we’re investing in talent and capabilities that allow us to meet those demands, whether that’s driving more value in block trading, strengthening our inter-regional offering or expanding high-touch and program trading. These appointments reflect the confidence we have in our strategy and our ambition to lead in the agency execution space.”
Mark Turner joins from Instinet, where he led various trading initiatives over a 30-year career in the industry. At Liquidnet, he will drive the firm’s growth in high-touch services and coordinate with global teams to improve inter-regional trading support. His mandate includes expanding Liquidnet’s reach among asset managers looking for advanced execution capabilities across regions.
Turner commented, “Clients today are navigating increasingly complex markets and they’re looking for execution partners who can combine scale, insight, and flexibility. I believe Liquidnet is uniquely positioned to deliver on that and I’m looking forward to helping accelerate that journey.”
Hillary Budds will lead U.S. Crossing with a focus on block execution and venue development. She previously helped develop and scale BlockCross, later managing its integration into Instinet. At Liquidnet, she will focus on strengthening block liquidity and enhancing the platform’s match rate and crossing efficiencies.
David Ramirez brings a strong record in sales and trading to the High-Touch and Program Trading desk. He was among the top-performing revenue generators at Instinet and has experience working with large institutions across diverse execution strategies. His addition is intended to improve Liquidnet’s capacity to handle complex client orders through both traditional and algorithmic channels.
The hires follow ongoing investment by Liquidnet in tools that support both automation and customization in institutional equities trading. The firm has been expanding its analytics and liquidity sourcing products in response to demand from buy-side traders facing fragmented liquidity, regulatory pressure and performance constraints.
Liquidnet continues to position itself as a leader in agency-only execution, offering solutions that allow institutional traders to access liquidity while minimizing market impact. The company’s Equities business supports both global and regional asset managers with access to block liquidity and specialized execution workflows.
The firm operates as part of TP ICAP Group, which has backed technology and hiring initiatives to help Liquidnet scale its equities and fixed income businesses. These new appointments are the latest step in Liquidnet’s Americas growth plan, which also includes improving connectivity between North America, Europe, and Asia.
Renewed Feud Between Musk and Trump Weighs on Tesla (TSLA) Shares
The U.S. Senate has narrowly passed President Trump’s “big, beautiful budget bill.”
Elon Musk, who has repeatedly criticised the measure for potentially adding $3.3 trillion to the national debt, warned that Republicans who backed it would face political fallout. On X, Musk posted:
“Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame! And they will lose their primary next year if it’s the last thing I do on this Earth.”
Musk also reiterated plans to launch a third political movement under the name America Party.
In response, President Trump threatened:
→ to target Musk’s companies by reviewing subsidies and government contracts estimated by The Washington Post to total $38 billion;
→ to deport Musk to South Africa.
Markets reacted swiftly to the renewed clash. Tesla (TSLA) shares fell over 5% on the day, creating a notable bearish gap.
TSLA Stock Chart Technical Analysis
Just over a week ago, we analysed TSLA’s price action within an ascending channel (highlighted in blue). At that time:
→ In mid-June, when initial tensions between Musk and Trump emerged, TSLA managed to stay within this channel.
→ As of yesterday, the stock broke decisively below the channel’s lower boundary near $315—a zone that had served as support. This breakdown now suggests $315 could act as resistance.
The optimism around Tesla’s late-June robotaxi launch has been overshadowed by fears that the Musk–Trump standoff could escalate further.
If both sides avoid intensifying the dispute, TSLA may stabilise and consolidate into a broadening contracting triangle (upper boundary marked in red) in the short term, ahead of Tesla’s Q2 earnings report on 29 July.
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Bitstack Becomes First French Firm to Secure MiCA License With Help From De Gaulle Fleurance
Bitstack, a French Bitcoin savings application launched in 2022, has become the first company in France to receive a Crypto Asset Service Provider (CASP) license under the new European Markets in Crypto-Assets (MiCA) regulation. The company was advised in the licensing process by De Gaulle Fleurance, a business law firm with international reach and offices in Paris, Brussels, and beyond.
The license, which was granted outside of transitional fast-track or notification procedures, provides Bitstack with legal authorization to operate across all European Union member states. This positions the company to begin expanding its services at a continental level, under the unified MiCA framework set to reshape how crypto-asset services are regulated in Europe.
Bitstack offers users an accessible and simplified approach to Bitcoin investing. The app features automatic round-ups on everyday spending, recurring Bitcoin purchases, instant buy functions starting from €1, and peer-to-peer sending and receiving of Bitcoin directly within the platform. With over 200,000 users already in France, the company is now preparing for broader European expansion.
De Gaulle Fleurance advised Bitstack through the licensing process
De Gaulle Fleurance advised Bitstack through the licensing process. The legal team was led by partner Anne Maréchal, alongside senior associate Julie Bader and associate Irène L’Homme.
Anne Maréchal, partner at De Gaulle Fleurance, commented, “Obtaining the PSCA license marks a key step for Bitstack, as a pioneering player in bitcoin savings, by enabling it to operate within a solid regulatory framework, on a European scale. We are delighted to have supported Bitstack in this structuring process for its development.”
The MiCA regulation, adopted in 2023 and now being gradually implemented, introduces standardized licensing requirements for crypto-asset service providers across the EU. Companies seeking to offer crypto-related services—such as custody, trading, exchange, and transfer—will need to obtain CASP licenses from their national regulators, ensuring consistency in consumer protections, prudential safeguards, and market integrity.
Bitstack’s licensing milestone signals a turning point for crypto startups in the EU that want to operate beyond national borders. While many providers are relying on temporary passporting measures during the MiCA transition period, Bitstack is the first to have fully cleared the regulatory process through a direct application under the new regime in France.
Founded with the goal of making Bitcoin accessible as a long-term savings tool, Bitstack now positions itself as a challenger to traditional finance, appealing particularly to younger, mobile-first users who prefer automated and low-barrier entry into digital assets. The app’s design encourages micro-investing habits by rounding up transactions and using the difference to buy Bitcoin, with the aim of making cryptocurrency investment as frictionless as possible.
With its MiCA-compliant license, Bitstack can now operate across the EU under a single legal regime, eliminating the need for separate regulatory approvals in each country. This is expected to lower the cost of expansion and reduce legal uncertainty for cross-border crypto offerings.
Bitstack joins a small but growing number of European companies racing to comply with MiCA early, aiming to secure first-mover advantage as the regulation reshapes the competitive landscape in crypto finance.
De Gaulle Fleurance, the law firm behind the licensing process, has a history of advising companies navigating complex regulatory environments in fintech and digital assets. The firm supports clients on structural developments such as mergers, corporate financing, and international expansion, and is recognized by publications such as Chambers and The Legal 500 for its work in business law.
New Zealand’s FMA Issues Caution on Cryptocurrency Investment Risks and Scams
The Financial Markets Authority (FMA) of New Zealand has issued a detailed warning about the risks of cryptocurrency investment, highlighting the volatility, lack of regulation, and prevalence of scams associated with digital assets. As the popularity of crypto continues to grow among New Zealanders, the FMA is urging investors to exercise caution and take deliberate steps to protect themselves.
The agency describes cryptocurrencies as “high-risk, speculative investments,” stressing that individuals should be prepared to lose the entire amount invested. “Prices can go up and down very quickly,” the FMA notes, and unlike traditional financial products, cryptocurrencies typically lack underlying physical assets to support their value. Instead, valuation depends largely on speculative demand and public sentiment.
Among the most widely traded cryptocurrencies by market capitalization are Bitcoin, Ethereum, Tether, Ripple, and Binance Coin. Bitcoin remains the dominant asset in the sector, with its total circulation value now in the trillions of dollars. However, the FMA cautions that the absence of central authority or asset backing introduces significant risk. “Its value is largely driven by speculation and what people will pay for it,” the statement says.
The agency also outlines some perceived benefits of cryptocurrencies, including faster transaction speeds and potentially lower fees compared to traditional financial systems. Decentralization also appeals to users who prefer not to rely on banks or financial institutions. However, these same attributes make cryptocurrencies difficult to regulate, with limited consumer protections, especially when investments are made through offshore or unregistered platforms.
Lack of Regulatory Oversight and Increased Exposure to Scams
Crypto assets are not specifically regulated in New Zealand, and legal protections available to investors in other financial products may not apply to digital assets. To reduce risks, the FMA advises using only platforms and service providers registered on New Zealand’s Financial Service Providers Register (FSPR). Registered firms are generally subject to anti-money laundering laws and must belong to a Dispute Resolution Scheme (DRS), offering some recourse in case of problems.
The FMA flags social media promotions and influencer marketing as particularly dangerous areas. “Be careful with investments that are promoted on social media by influencers or celebrities,” the statement warns, adding that many promotions are paid endorsements with no obligation to disclose risks. The agency also highlights the widespread use of fake news stories or advertisements that impersonate well-known public figures to lure investors into scam platforms.
Scam-related activity remains a persistent concern. According to the FMA, around 25 percent of the investor warnings it published last year were connected to crypto. Scammers favor crypto due to the irreversible nature of transactions and the anonymity it offers. The most common form of deception involves fake online investment platforms. These sites often promise high returns and display fabricated dashboards showing fake profits, encouraging users to invest more money.
Once an investor attempts to withdraw funds, they are often asked to pay taxes or commissions upfront—fees that are never recovered. “Even when these fees are paid, the investor cannot withdraw their funds,” the FMA explains. Increasingly, victims are drawn into these schemes through social media encounters, romantic frauds, or unsolicited investment offers.
FMA Urges Greater Investor Caution and Platform Vetting
To help avoid falling victim to fraud, the FMA recommends that prospective investors:
Research the platform and its registration status in New Zealand
Check the FMA’s warning list for known scams
Be skeptical of guaranteed returns or high-pressure sales tactics
Avoid platforms that ask for advance fees to release profits
Refrain from investing through unsolicited online contacts or social media connections
The agency also warns that many large offshore crypto exchanges are entirely unregulated and have no local presence, leaving investors with little recourse if funds are lost. “It can also make it difficult for you to contact the exchange or make a complaint and it is unlikely you will get your money back if things go wrong,” the FMA states.
While crypto has not yet transformed the financial system, it remains a popular investment choice for many New Zealanders. The FMA emphasizes that opting for a registered domestic provider is one of the most effective ways to reduce risks.
For further information, the FMA encourages investors to consult its warnings and alerts page, which is regularly updated with the latest scam threats and guidance.
“Before you invest in cryptocurrencies, do some research to understand the investment, the risks associated with it, your financial objectives and your risk tolerance,” the FMA advises. “If you don’t understand an investment, it’s best to walk away.”
Dymension – Season 2
Dymension has released its mainnet featuring a massive air drop, the Genesis Rolldrop Season 1 airdropic in the amount of more than $400 million tokens to early adopters. This was merely a starting point, as its first release is nothing but a prototype of what the protocol aims to turn into. Having come a long way from release and with fantastic progress already achieved, Dymension is now preparing itself to receive the Beyond update and the start of Season 2.
Season 2 is the next stage of development when Dymension brings back its original mission and becomes a Universal Settlement Layer on modular blockchain networks and RollApps. Such development is predisposed by Beyond upgrade, the scaling of Dymension vision.
Registration Waves
To participate in it, a wallet should be registered and opens in stages. The waves are defined by different masses of addresses. Live wave 1 is now and can be found at the official portal.
In order to take part in the Season 2, your wallet will have to be registered.
Security Notice
The sign-less registration is secure. Never use non-official portal. Neither Dymension foundation staffs or Labs members will ever ask you to provide private keys or money in wallet. Donot divulge your information.
Wave 1- Dymond Hands
Wave 1 is limited to the so-called “Dymond Hands” or, in other words, people who staked a minimum of 17 DYM and haven not withdrawn it since June 2024. In case you do not belong to this group, you should not feel concerned. Other eligibility waves will soon come with alternative requirements. Stay tuned.
The further waves of registration and their qualification will be announced step by step.
DYMONDS
Season 2 will be rewarding the previous and continued user activities by use of DYMONDs a points-earning system that can be exchanged with DYM. Wave 1 enrolment will not end until distribution of DYMONDs is commenced fairly.
Onchain activity will be captured on Season 2 onwards.
In the claim windows, DYMONDs are redeemble into DYM. Such flash sales will be visible throughout the season. At each window, the user can make claims or proceed to claim more significant rewards in future.
The greatest rewards (DYMOND) are given to the participants who are active during the entire season.
Activities eligible to tax credit are:
IRO trading
Making a deposit of USDC on Dymension as form of Solana, Arbitrum, or Base
Liquidity bridging
Dymension DEX LP provisioning
Liquidity Lock TVL in your RollApp
Numerous additional action triggered by involvement
Status of DYMONDs is monitored on a live basis through the portal dashboard.
Referrals
Ask your network to join and you get additional DYMONDs. You will enjoy a 10 percent commission on the amount of DYMONDs your referrals bring in without their earnings reducing.
The referred users also get a sign up bonus.
Scenario: Bob clicks on the referral link of Alice. Bob receives a bonus and Alice gets 10 percent of some dollars (DYMONDs) received by Bob. Each of them was traced through the portal.
Staker Boost
Season 2 also presents rewards that are regular and massive. All DYMOND gained throughout the season have their amount augmented by a staking gain.
According to the multiplier (up to 5x), there are two factors:
Duration: the length of time lasting since DYM has continuously been staked
Volume: total staked DYM (max cap: 25 000 DYM)
Dymension Creators Up to $ 10,000 / Month
The fact that creators also count is relevant. The quickest method to earn DYMONDs is to build and attract Television Locked-in-Value (TVL) using your dedicated RollApp.
Besides the normal revenues, the Dymension Foundation is also using staked DYM to back builder teams in the form of endorsements, up to 10,000 dollars a month.
When you are already creating or are planning to introduce a RollApp, send your project to be considered for funding and exposure. Quality, impact and contribution to the ecosystem are taken as criteria of awarding grants.
The endorsements are up.
Details: Builders Grant System(season 2)
Go Beyond
Season 2 marks the start of the Beyond upgrade, which provides access to high-performance layers that form the foundations of the blockchain, faster execution, and a more integrated ecosystem.
Dymension is entering into the most important stage it has ever entered.
Get tokens, trade tokens, talk about your friends, make applications, stake DYM and much more during Season 2.
Its not a place to be a spectator, it is a place to be involved.
Registration to season 2 has opened officially. Let us take a step Beyond.
Broadridge Expands Roles Doug DeSchutter and Tom Carey’s Roles to Advance Platform Strategy
Broadridge Financial Solutions has announced expanded responsibilities for two of its senior executives as part of its continued evolution into a platform-based technology provider for the financial services sector. The leadership changes, effective July 1, 2025, reflect the company’s ongoing focus on scaling technology, digitizing services, and aligning global operations.
Doug DeSchutter has been appointed President of Broadridge’s Investor Communication Solutions (ICS) segment. He has been with the company and its predecessors since 2002 and most recently served as Co-President of ICS. Known for his work in digitizing communications, DeSchutter played a central role in developing Broadridge’s Customer Communications business. In his expanded role, he will oversee all aspects of ICS, including continued responsibility for digital transformation initiatives. Mike Tae, who previously shared the Co-President role with DeSchutter, will continue leading Asset Management, Issuer, and Data-Driven Fund Solutions, reporting to DeSchutter under the new structure.
Tom Carey, currently President of Broadridge’s Global Technology & Operations (GTO) segment, will now also lead the company’s Enterprise Product Management organization. Carey has served as GTO President since 2018 and took over responsibility for Broadridge’s India operations in 2024. Based in London, he joined one of Broadridge’s predecessor companies in 1992 and helped build Broadridge International. His experience scaling technology-led businesses globally is considered a key asset as the company advances its platform strategy.
Realignment as Broadridge focuses more heavily on end-to-end platform solutions
Broadridge CEO Tim Gokey commented on the leadership changes, stating, “I want to congratulate Doug and Tom on their increased responsibilities. Their proven ability to drive digitization and technology at scale make them ideal leaders as we continue to evolve to a platform company. I am confident Doug and Tom will ensure Broadridge remains a trusted and transformative partner for our clients and the financial services industry.”
The realignment of responsibilities comes as Broadridge focuses more heavily on end-to-end platform solutions. The firm’s operational technology supports over $10 trillion in daily trading volume across equities, fixed income, and other securities. Its services cover investor communications, governance, operations outsourcing, and data management for asset managers, broker-dealers, and corporate issuers.
Broadridge has been building on its long-term strategy to integrate its business lines into a more unified offering. By consolidating leadership roles and combining oversight of core business and product functions, the company appears to be preparing for greater horizontal scalability across geographies and verticals.
The company employs more than 14,000 people across 21 countries and is a member of the S&P 500. It continues to invest in expanding its digital and data capabilities to meet growing demand from financial institutions for scalable, regulatory-compliant infrastructure.
New York AG Warns GENIUS Act and STABLE Act Are Not Enough
New York Attorney General Letitia James has called on congressional leaders to overhaul proposed federal legislation on stablecoins, warning that the current frameworks, namely the recently passed GENIUS Act and the pending STABLE Act, fail to provide the regulatory supervision necessary to safeguard investors, preserve market integrity, and protect national security.
In a letter sent to Capitol Hill, Attorney General James criticized the legislation for allowing stablecoin issuers to operate with fewer restrictions than traditional financial institutions. She urged Congress to revise both bills by requiring stablecoin issuers to be regulated as banks, with oversight mechanisms that include FDIC insurance on customer deposits, mandatory capital requirements, and digital identity protocols for all transactions.
“Our laws fail to protect them and their money from fraud”
“Many people across the country invest millions of dollars in cryptocurrencies, yet our laws fail to protect them and their money from fraud,” Attorney General James said. “Unregulated cryptocurrency transactions are a danger to investors, the economy, and national security. Congress must pass legislation that strengthens oversight of cryptocurrency to help stop fraud and criminal activity and protect the American public.”
The GENIUS Act, passed earlier this month by the Senate, seeks to establish a federal framework for legalizing and regulating stablecoins, digital tokens pegged to the value of fiat currencies such as the U.S. dollar. A parallel proposal, the STABLE Act, is under consideration in the House. However, James argues that both bills fall short of protecting consumers from the unique risks posed by these digital assets, particularly given their increasing use in anonymous transactions and unregulated offshore activities.
According to the Attorney General’s office, stablecoin products are susceptible to abuse by criminal organizations, terrorist networks, and entities seeking to evade sanctions. In her letter, James emphasized the need for digital identity requirements to be embedded in the transaction process. This would allow for verification of individuals involved in stablecoin trades and reduce the risk of illicit financing.
Among the key changes James urged Congress to adopt:
Regulate Stablecoin Issuers as Banks: Apply the same prudential regulatory standards to stablecoin issuers as those applied to depository institutions, including capital adequacy and liquidity requirements.
Provide FDIC Insurance: Ensure that investors’ deposits in stablecoins are protected with government-backed insurance, mirroring protections available in the traditional banking system.
Mandate Digital Identity Protocols: Require the use of digital identity verification in all transactions to reduce anonymity, curb scams, and enhance national security.
Onshore Issuers: Require stablecoin companies to remain under U.S. regulatory jurisdiction to prevent evasion of enforcement by relocating operations abroad.
Support Community Banks: Prevent market displacement of small and rural financial institutions by ensuring regulatory parity and oversight for stablecoin issuers.
Preserve State Enforcement Authority: Maintain states’ rights to enforce investor protection laws and combat fraud, including the ability to conduct investigations and bring enforcement actions.
Attorney General James also submitted a statement to the House Financial Services Committee regarding the Digital Asset Market Clarity (CLARITY) Act. She criticized that proposal as enabling market manipulation, facilitating anonymous behavior by bad actors, and overriding essential state-level investor protections. According to James, the bill would “enable a rigged market” and weaken the ability of law enforcement to detect, prevent, and prosecute fraud.
NYAG active against crypto scams and theft
The letter builds on a series of aggressive enforcement and policy actions by the New York Attorney General targeting fraudulent behavior in the digital asset space. In June 2025, James froze $300,000 in crypto tied to a scam targeting Russian-speaking New Yorkers. Earlier this year, she sued to recover over $2.2 million in crypto stolen from Americans through text message job scams. In 2024, she sued NovaTechFx over a pyramid scheme that allegedly defrauded more than 11,000 New Yorkers and hundreds of thousands of investors worldwide. That same year, her office reached a $2 billion settlement with Genesis Global Capital to compensate defrauded investors.
James has consistently argued that the pace of cryptocurrency adoption has far outstripped federal oversight, creating a patchwork of protections that leaves investors vulnerable. Her recent letter signals continued opposition to any national regulatory regime that sidesteps state enforcement mechanisms or fails to impose robust compliance obligations on digital asset firms.
While federal lawmakers continue to advance stablecoin legislation as part of a broader effort to bring clarity to digital asset regulation, James is pressing for more rigorous oversight and safeguards. She contends that without meaningful changes, the GENIUS and STABLE Acts risk legitimizing a market structure that remains opaque, under-regulated, and prone to abuse.
Recent Volatility Highlights Crypto’s Fragmented Liquidity Challenge
Cryptocurrencies are often said to have significant utility that goes beyond simple payments, yet for all of their innovative applications and use cases, they’re still essentially just currency, and that means they’re subject to the same market dynamics as fiat money.
As crypto becomes more mainstream, it’s beginning to mirror the ups and downs of traditional financial instruments, and nowhere is this more clear in the illusion of liquidity, which continues to play a significant role in its volatility.
As of July 1, the combined cryptocurrency market had a market capitalization of just over $3.3 trillion, along with a daily trading volume of more than $275 billion. Those numbers indicate that crypto is a healthy market, but they mask an extreme fragility in terms of liquidity, which looks robust during calm periods, only to thin out when more extreme conditions arise.
The Fragility Of Foreign Exchange
The foreign exchange market has long been perceived as one that’s highly liquid, with more than $7.5 trillion in daily trading volume, but even here we see that this liquidity rapidly evaporates when the going gets rough.
There’s an illusion of market depth, often known as “phantom liquidity”, that becomes noticeable even among the most liquid currency pairs, such as USD/EUR. These days, very few banks or market makers want to subject themselves to the risk of holding such assets during a sell-off,
Following the Great Recession of 2007 to 2009, many banks exited from providing liquidity to foreign exchange markets due to the more rigorous capital requirements imposed on them. Instead of banks taking them on, these risks shifted to hedge fund managers, exchange-traded funds and algorithmic market makers. According to a BlackRock report, these funds accounted for just 4% of the MSCI World free float in 2007, but that figure rose to 12% by 2018, creating a structural mismatch where liquid wrappers held illiquid assets.
As a result, the ETFs that promise a quick and easy entrance and exit cannot always live up to those promises. When markets become volatile and price fluctuations increase, ETFs are traded more extensively than the underlying assets they hold, exacerbating the volatile conditions for Forex traders.
This is exactly the same as what we’re seeing in crypto today, where the underlying liquidity on crypto exchange platforms seems robust and indicates a healthy market, only for the apparent depth to instantly dry up when sentiment rises and sours.
The Phantom Liquidity In Crypto
Volatility remains all too common in crypto markets, especially where geopolitical events are concerned. We saw this just a couple of weeks ago, when Israel first began airstrikes on Iran, causing panic among investors and a rapid sell off on the stock market.
Crypto mirrored these declines, with Bitcoin falling more than 5% to under $99,000 on fears that Iran might respond by attempting to close the Strait of Hormuz, one of the world’s major oil transportation routes. Other cryptocurrencies were even harder hit, with Ethereum down more than 10%, XRP falling 8% and Solana losing more than 7% of its value. These declines were accompanied by a sharp spike in trading volumes.
Then, one week later, the price of Bitcoin gained 4.33% in a matter of hours after U.S. President Donald Trump announced a ceasefire between Israel and Iran, quelling fears of a wider Middle Eastern conflict.
As investors’ appetite for risk returned, the crypto markets were unable to absorb the sudden influx of capital, and prices jumped across the board. XRP rose more than 8% in the 24 hours after the ceasefire was announced, while ETH was up 7.9% and Dogecoin gained more than 8%.
According to Lingling Jiang, a partner with the crypto investment firm DWF Labs, the volatile price movements that followed these incidents highlights the underlying liquidity constraints in the crypto market, even among its most valuable assets. When trading volumes increase, there’s not enough liquidity to absorb sudden influx, and the result is significant price volatility, he pointed out.
“Sustained on-chain capital growth will require a much more robust liquidity architecture that’s capable of absorbing large capital flows without excessive volatility,” Jiang said.
The illusion of liquidity is even more tangible with second-tier digital assets. The recent collapse of Mantra’s OM token is a case in point, showing that when market sentiment is eroded, what appears to be a healthy market can rapidly dissipate, with bids vanishing followed by a rapid collapse in price support, leaving unfortunate investors stranded, holding tokens that are suddenly next to worthless.
Fixing Fragmentation To Boost Liquidity
The illusion of liquidity in crypto stems from the way markets remain extremely fragmented, scattered across numerous exchange platforms that all operate their own order books, populated by different market makers. Because crypto assets are spread across multiple markets, they lack unified pricing and the liquidity that underlies them is spread too thin. They’re almost entirely reliant on an assortment of different market makers with opposing mandates, so although the liquidity does exist, it’s far from cohesive.
These issues are further amplified by the decentralized nature of crypto markets, which attracts numerous scammy projects and opportunists who work feverishly to artificially inflate trading volumes and give the impression of market depth. Activities such as wash trading and spoofing lead to inflated volumes, especially on smaller exchanges, often resulting in catastrophe when those assets are exposed. With real liquidity being non-existent, the moment these actors make their exit, retail traders simply cannot find an exit.
To fix crypto’s fragmented markets and put an end to these illusions of market depth, there needs to be a complete overhaul of the underlying architecture, with cross-chain bridging embedded directly into the core infrastructure of blockchain. This is an approach that some Layer-1 blockchains have actively embraced, with a view to unifying liquidity pools and facilitating smoother capital flows across exchange platforms.
Blockchains have already put a lot of effort into solving questions around scalability, and the result is that many networks are now quite capable of processing thousands of transactions per second to meet the needs of the most demanding applications building atop of them.
These scalable networks must now switch their attention to smarter interoperability and the unification of liquidity. With a strong foundation in place, the potential now exists to link all of these high-speed networks together and build something robust enough to reinforce crypto asset prices when the going gets tough.
Germany’s Sparkassen to Launch Crypto Trading for 50 Million Customers
Sparkassen-Finanzgruppe, Germany’s largest financial institution, is preparing to launch crypto trading services for its more than 50 million customers by mid-2026, Bloomberg reported.
The move reflects a fresh path for the traditionally cautious banking group and could accelerate crypto’s foothold in Europe’s banking sector.
The new service will be offered through the Sparkasse app and managed by Dekabank, an asset manager already active in crypto and fully owned by the Sparkassen group.
In a statement, the German Savings Banks Association (DSGV) confirmed the rollout, saying the group will offer “reliable access to a regulated crypto offering,” now backed by the European Union’s MiCA (Markets in Crypto-Assets) framework, which came into effect in December 2023.
The about-face comes a decade after Sparkassen blocked crypto purchases altogether, citing risk and volatility. While it’s now embracing digital assets, the group isn’t throwing caution to the wind. DSGV reiterated that “cryptocurrencies are highly speculative investments,” adding there will be no advertising for the service and that users will receive clear warnings about risks, including the potential for “total loss.”
Sparkassen-Finanzgruppe is a major player in German finance, comprising more than 370 savings banks, 500 affiliated companies, and over €2.5 trillion in total assets.
The move comes as other German financial institutions also step into crypto. DZ Bank, the country’s second-largest, launched a crypto trading and custody pilot in 2024, and plans to expand access across its cooperative banks. DZ Bank partnered with Boerse Stuttgart Digital to provide cryptocurrency trading and custody services to its cooperative bank network. This collaboration will allow 700 banks under DZ Bank to offer retail clients access to digital assets like Bitcoin and Ether.
Separately, Landesbank Baden-Württemberg partnered with Bitpanda to offer crypto custody for institutional clients.
Crypto Finance, a subsidiary of Germany’s largest stock exchange operator Deutsche Börse, also signed a deal with Commerzbank to provide trading services for the bank’s corporate clients.
This partnership came just two weeks after Crypto Finance reached a similar agreement with Zürcher Kantonalbank (ZKB) in Switzerland.
Commerzbank, Germany’s second-largest bank by branches, now offers custody services as part of the collaboration. The trading service, which focuses on Bitcoin and Ether, is available to clients based in Germany.
Dow Jones Technical Analysis Report 1 July, 2025
Dow Jones index can be expected to rise further toward the next major resistance level 45000.00 (which has been reversing the price from last November, the target price for the completion of the active impulse wave (C)).
Dow Jones broke resistance zone
Likely to rise to resistance level 45000.00
Dow Jones index recently broke the resistance zone lying at the intersection of the resistance trendline of the narrow daily up channel from the start of May and the resistance level 42870.00 (which has been steadily reversing the index from the end of March, as can be seen from the daily Dow Jones chart below). The breakout of this resistance zone accelerated the active short-term impulse wave 3 which belongs to the sharp intermediate impulse wave (C) of the primary upward ABC correction 2 from the start of April.
Given the bullish sentiment that can be seen across the global equity markets, Dow Jones index can be expected to rise further toward the next major resistance level 45000.00 (which has been reversing the price from last November, the target price for the completion of the active impulse wave (C)).
Dow Jones Technical Analysis
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Coinbase CEO Reveals Game-Changing Feature Coming to U.S. Exchange
Brian Armstrong, the CEO of Coinbase, the biggest cryptocurrency exchange in the U.S., says that the company is adding a game-changing tool called Coinbase Concierge.
This premium support service caters to high-value clients, offering personalized assistance from dedicated human advisors. The goal of the effort is to set a new standard for customer service in the crypto sector by providing speedier problem resolution and personalised strategic support.
Exclusive Access for Premium Users
Coinbase Concierge is only available to a small number of users right now, mostly Coinbase One Premium subscribers and high-net-worth clients. This initiative gives you a more personalised experience than the exchange’s regular 24/7 live chat and phone support.
Armstrong says that the early reaction has been quite positive, with consumers liking the better support and personalised help. This action shows that Coinbase is serious about putting its customers first.
Building Trust in the Face of Security Issues
This rollout comes at a very important time, just after a massive security breach was discovered in May 2025. Cybercriminals paid customer service personnel in other countries to get sensitive user information, such as names, addresses, and partial Social Security numbers.
Even though no private keys or money were stolen, the event affected less than 1% of users and raised confidence issues. Coinbase Concierge wants to restore trust by providing a safer and more reliable experience with direct adviser help.
Strategic Importance for Coinbase
Coinbase Concierge is part of Coinbase’s larger plan to stand out in a crowded industry. The exchange wants to attract institutional and high-net-worth clientele that want more than just ordinary support by focusing on premium services.
Armstrong stressed that the goal of the campaign is to build consumer trust and loyalty over time. This project also goes along with Coinbase’s recent regulatory successes, like getting a MiCA license in Luxembourg, which shows that the company is focused on following the rules and growing around the world.
Industry Context and Challenges
Legal and regulatory problems make the rollout difficult, and a complaint in Illinois claims that Coinbase broke biometric privacy rules, which puts more pressure on the company to win back customers’ trust. Also, the exchange has been dealing with a complicated regulatory environment, and CEO Armstrong has been pushing for clear crypto rules like the GENIUS Act.
Coinbase is still coming up with new ideas, though, with plans to launch U.S. perpetual-style futures on July 21, which will add even more to its portfolio. Coinbase Concierge is a big step forward in making the customer experience better and building trust.
Coinbase is addressing recent security issues and solidifying its position as a leader in the crypto market by providing dedicated support to its top-tier clients. This premium service could set a new standard for customer care in the sector if the exchange keeps coming up with new ideas and dealing with regulatory issues.
Regents Gate Capital Selects big xyt to Power Execution Analytics and Trading Strategy
Regents Gate Capital has chosen big xyt as its provider of execution analytics and trading cost analysis (TCA), marking a strategic move to enhance its equity trading operations with advanced data insight. The London-based alternative investment firm, which launched in 2024, will use big xyt’s analytics platform to support its equity market-neutral strategy across European markets.
The agreement gives Regents Gate Capital access to venue-level performance data, liquidity breakdowns, and advanced volume curves—all designed to help the firm minimize slippage, reduce trading costs, and validate broker execution in a fragmented European trading landscape.
“Navigating the intricacies of European equities trading…”
Kevin Nealis, Chief Operating Officer at Regents Gate Capital, commented, “Navigating the intricacies of European equities trading depends on access to advanced, data-driven information – which big xyt delivers exceptionally well. Their independent data and execution analytics have helped us refine our strategies with greater precision. We can now quantify trade-offs, validate broker suggestions and measure the impact of every decision across Europe.”
Regents Gate Capital uses a fundamental equity market-neutral strategy, combining human judgment with machine learning and large-scale data to manage long and short positions while maintaining minimal exposure to overall market direction. To optimize its execution, the firm sought deeper visibility into European trading venues, including lit and dark pools, systematic internalisers, periodic auctions, and emerging alternative mechanisms.
big xyt’s platform addresses these needs by offering transparent analytics that highlight venue behavior and execution performance across the trading cycle. Its tools are designed to support fund managers who require granular insights into market microstructure to improve execution outcomes and broker negotiations.
Robin Mess, CEO at big xyt, said, “We’re delighted to welcome Regents Gate Capital as a client. As a next-generation alternative investment firm focused on volume profiles and market impact, they exemplify the kind of sophisticated asset manager that values transparency, control and precision in execution.”
Mess added, “Our continuously evolving execution analytics solutions are designed to meet these demands – by combining independent TCA validation with advanced machine learning techniques, we’re helping clients like RGC achieve smarter execution and better trading outcomes across the board.”
big xyt has built a reputation as an independent provider of high-quality trade data and analysis for banks, exchanges, and asset managers. Its platform supports pre-trade and post-trade transparency, regulatory reporting, and execution optimization. The firm’s solutions have become increasingly relevant as buy-side firms seek greater clarity into trading decisions and market behaviors in an environment defined by fragmentation and regulatory scrutiny.
The partnership with Regents Gate Capital reflects a broader trend among asset managers investing in analytics to support competitive and adaptive trading strategies, particularly within algorithmic and market-neutral models. For big xyt, the deal extends its presence among high-performance funds focused on systematic, data-driven execution.
DOJ Charges Four North Korean Hackers Over $900K Crypto Heist
The U.S. Department of Justice (DOJ) has charged four North Koreans, Kwang Jin, Kang Tae Bok, Jong Pong Ju, and Chang Nam Il, with planning a $900,000 cryptocurrency theft.
These people got into blockchain organisations in the U.S. and Serbia by pretending to be remote IT workers and using phony identities to get into sensitive networks. This plan was part of a larger pattern of North Korean cyberattacks that tried to get around sanctions and pay for the regime’s illegal activities.
The Sophisticated Scheme
The hackers used a clever trick to get jobs at blockchain companies by pretending to be real remote IT professionals. They got into internal systems by using stolen and phony identities, such as bogus Malaysian IDs.
Once they got in, they stole a lot of money. One defendant, Jong, is said to have stolen $175,000 in February 2022. Kim stole over $740,000 in virtual currencies, including 4 million Elixir tokens, 229,051 Matic tokens, and 110,846 Start tokens, between March 29 and 30, 2022. The stolen money was cleaned up using crypto mixers like Tornado Cash and sent to exchange accounts that Kang and Chang controlled under fake names.
After gaining access, the defendants allegedly laundered substantial funds. Jong is accused of stealing $175,000 in February 2022, while Kim purportedly stole over $740,000 in virtual currencies, including 4 million Elixir tokens, 229,051 Matic tokens, and 110,846 Star tokens, within a two-day period in March 2022.
The stolen assets were laundered through crypto mixers like Tornado Cash and funneled into exchange accounts controlled by Kang and Chang under pseudonyms.
North Korea’s Bigger Plan for Cybercrime
This robbery is part of a larger pattern of North Korean cyberattacks, which are commonly linked to state-sponsored groups like the Lazarus Group, which was responsible for the $600 million Ronin Bridge hack in 2022 and the $1.5 billion Bybit attack in February 2025.
Reports say that North Korean hackers have stolen more than $3 billion in cryptocurrency in the past few months. Groups related to North Korea are responsible for 70% of the $2.1 billion in crypto losses in 2025. It is thought that this money helps North Korea’s nuclear programs, which shows how these kinds of cyberattacks can affect politics around the world.
DOJ’s Statement and Future Implications
The DOJ’s reaction includes accusations of wire fraud and money laundering, as well as the seizure of 29 financial accounts that were utilised for laundering. Paul Brown, a special agent with the FBI, said, “The FBI is committed to exposing these threats.” This shows how serious the FBI is about stopping these frauds.
The State Department is offering up to $5 million for tips that could cripple North Korea’s illicit financial networks. This case highlights the vulnerabilities of remote hiring practices and underscores the critical need for robust cybersecurity measures in the cryptocurrency industry.
The fact that four North Korean hackers were charged with stealing almost $1 million in cryptocurrencies shows how advanced state-sponsored cybercrime is becoming. The DOJ’s efforts show that they are quite serious about stopping North Korea from using digital assets to pay for its government.
To stop hackers from getting in, blockchain companies need to improve their security measures. At the same time, the whole crypto industry is under more pressure to fight state-sponsored hacking.
Japan’s CyberStep to Invest ¥1 Billion in New Cryptocurrency Division
On July 1, 2025, CyberStep, the Japanese firm that makes the popular online claw machine game Toreba, announced that it would start investing in cryptocurrencies as part of its business strategy.
The company has created a new division called CRYPTECH Capital to handle its digital assets and move its Web3 projects forward with the aim of taking advantage of the developing digital asset economy.
A New Strategic Division for CRYPTECH Capital
CRYPTECH Capital’s job is to create a strong source of income by investing in cryptocurrencies. The division will start by using ¥200 million (about $1.25 million) from CyberStep’s capital.
By fiscal year 2026, it hopes to increase that amount to ¥1 billion (about $6.25 million), depending on how the market is doing. The plan is to turn tokens made by Web3 services, including blockchain-based games, into popular cryptocurrencies like Bitcoin and Ethereum that can be stored for a long time.
The Economy of Self-Circulating Tokens
The main goal of CyberStep’s plan is to build a “self-circulating token economy.” This approach generates tokens through Web3 initiatives, including the blockchain game Eggle, and subsequently converts them into well-known cryptocurrencies.
The strategy aims to ensure that assets continuously circulate within CyberStep’s ecosystem, thereby facilitating both capital gains and income through staking and DeFi protocols. The business also wants to look into investing in promising meme coins and other Web3 gaming tokens.
Impact On the Market and the Industry
Despite the significant investment, the market has yet to react, and Bitcoin and Ethereum prices have remained steady for now. As of July 1, 2025, Bitcoin is trading at $106,834.89, up 1.24% from the previous week, while Ethereum’s price is holding flat.
CyberStep’s move is part of a larger trend of Japanese corporations looking into blockchain, although these kinds of announcements usually don’t have a big effect on the market right away. The plan puts CyberStep in the same group as other major companies that are expanding into digital assets.
Future Opportunities and Problems
CyberStep’s investment in CRYPTECH Capital shows that it is serious about Web3 innovation. The company wants to develop a long-lasting digital economy by using Eggle and other projects. However, things like market volatility and unclear regulations could get in the way of its objectives.
How well this project goes will depend on CyberStep’s ability to keep its gaming business running while also navigating the complicated world of cryptocurrency. CyberStep’s ¥1 billion investment in CRYPTECH Capital is a big move into the world of cryptocurrency, combining gaming with new ideas in Web3.
The company is ready to change its place in the digital economy by focusing on a self-sustaining token economy and strategic reserves in Bitcoin and Ethereum. As the Web3 world changes, CyberStep’s project could encourage other gaming companies to look at similar possibilities.
Paxos Launches USDG Stablecoin in EU with Support from Robinhood, Kraken, and Global Dollar Network
Paxos, a top blockchain and financial services company, has launched its Global Dollar (USDG) stablecoin in the European Union on July 1, 2025. This marked a significant advancement in regulated digital finance.
USDG is now available to more than 450 million people in 30 countries and is fully compatible with the EU’s Markets in Crypto-Assets (MiCA) law. With the help of big names in the industry like Kraken, Robinhood, and Mastercard, this launch puts USDG in a strong position in Europe’s burgeoning stablecoin sector.
MiCA Compliance and Regulatory Oversight
USDG’s European launch adheres to MiCA’s strict standards, which safeguard consumers and keep the economy stable. Paxos Issuance Europe OY, a Finnish company authorized by the Finnish Financial Supervisory Authority (FIN-FSA), issues USDG, maintaining reserves with European banks.
The Monetary Authority of Singapore (MAS) also watches over the stablecoin’s Singapore-issued counterpart, which adds to its legitimacy as a worldwide regulator. Paxos assures one-to-one redemption for USDG, which meets MiCA’s rigorous standards for reserves and audits.
The Global Dollar Network (GDN)
The Global Dollar Network (GDN) is a decentralized system that uses USDG to help stablecoins become more popular in payments and finance. Anchorage, Nuvei, Bullish, Galaxy, and more than 20 additional fintech and financial companies are all important partners in the GDN.
Mastercard’s recent addition of USDG to its Move network for cross-border payments shows how useful the stablecoin is becoming in traditional finance. This network of people working together wants to make USDG easier to use and more accessible across a number of blockchains, such as Ethereum, Solana, and Kraken’s Ink.
Strategic Partnerships and Their Effect on the Market
The support of Kraken, Robinhood, and Mastercard shows that USDG might compete with well-known stablecoins like Circle’s USDC, which is the biggest choice that is controlled by MiCA.
Mark Greenberg of Kraken talked about how useful USDG is and how its ecosystem is growing. He also talked about how it is the key infrastructure for global finance.
The stablecoin is even more widely available because it can be traded on sites like Kraken and Gate. Since it came out in November 2024, USDG has issued a total of $320 million, which means it is likely to take a large share of the regulated stablecoin market in Europe.
What the Future Holds for Europe
The debut comes at a time when demand for regulated stablecoins is growing in Europe, which will account for 34% of worldwide activity in 2025. Paxos’ smart purchase of Membrane Finance in Finland, now called Paxos Issuance Europe, has helped it meet MiCA requirements.
As traditional banks like Deutsche Bank and Sparkassen look into crypto services under MiCA, USDG’s regulated framework makes it a safe choice for people and enterprises. This action could change the digital asset ecosystem in Europe by challenging the dominance of USDT and USDC.
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