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One Year In, Washington Blew Its Own Stablecoin Deadline
Not one federal agency tasked with writing stablecoin rules under the GENIUS Act hit the July 18 one-year deadline. They have proposals — but no final rules — and the clock to January 2027 keeps ticking.

Gator
Jul 192 min read


The FBI Cracked a $220K Crypto-Draining Game Scam by Following the Uber Eats
Malware buried in eight Steam games drained roughly $220,000 in crypto — and federal agents unraveled the whole thing by tracing gift-card-funded Uber Eats deliveries.

Gator
Jul 192 min read


MetaMask's Owner Let a North Korea-Linked Dev Touch Its Core Code for a Month
Consensys quietly halted MetaMask releases after finding that a contractor with ties to North Korea spent roughly a month inside its systems — and its core wallet code.

Gator
Jul 192 min read


MiCA Claims Its First Casualty: Dutch Exchange Knaken Goes Bankrupt With €7 Million in Customer Money Missing
A Rotterdam court declared unlicensed Dutch exchange Knaken bankrupt after prosecutors said roughly €7 million ($8.1M) in customer funds can't be accounted for — leaving 30,000 users waiting on a court-appointed trustee.

Gator
Jul 172 min read


Wall Street's Quiet Reshuffle: BofA Hands Sonali Theisen the Keys to a New Digital Assets Platform
Bank of America named Sonali Theisen head of a new global digital assets platform in a Friday memo — the clearest sign yet that the second-largest U.S. bank is building crypto into its markets machine.

Gator
Jul 172 min read


Guns Up, Crypto On: Galaxy Buys 15 Years of Texas Tech Football Naming Rights
Galaxy Digital will rename Jones AT&T Stadium as Galaxy Stadium starting this fall — a reported $70M+, 15-year bet that plants a crypto flag in the heart of West Texas.

Gator
Jul 172 min read


Frankfurt Fires a Warning Shot: ECB Says Stablecoins Could Drain the Deposits Banks Live On
ECB board member Piero Cipollone warned in Rome that stablecoin adoption could erode banks' retail deposit base — and pitched the digital euro as Europe's structural answer.

Gator
Jul 172 min read


The Ghost of FTX Keeps Paying: $900 Million Fifth Distribution Hits Creditors July 31
FTX's Recovery Trust is sending roughly $900 million to creditors on July 31 in its fifth distribution, pushing convenience-class claimants to a cumulative 120% recovery.

Gator
Jul 172 min read


A $20 Million 'Boutique' Blowup: Feds Hit Sioux Falls Crypto Investor With 29-Count Indictment
A federal grand jury indicted Benjamin Paul Wiener, founder of Benaiah Holdings, on 29 counts including wire fraud and money laundering over an alleged $20 million Ponzi-style crypto scheme. He pleaded not guilty, with trial set for September 15.

Gator
Jul 162 min read


Bybit Plants Its Flag in Jakarta: Exchange Giant Goes Live in Indonesia After Swallowing NOBI
Bybit, the world's second-largest crypto exchange, has officially launched Bybit Indonesia after acquiring a majority stake in local player NOBI — putting an OJK-regulated foothold in a market of 21 million registered crypto users.

Gator
Jul 162 min read


Daily Digest July 16: Citadel Drops $400M on Crypto.com as Wall Street Goes All-In
Citadel Securities just wrote a $400 million check to Crypto.com, Stripe is bidding $53 billion for PayPal, and Visa launched a stablecoin platform — all in one day. Plus prices, the Clarity Act, and what's coming next week.

Gator
Jul 163 min read


Leaner and Meaner: Polygon Swings the Axe Again as It Races to Close the Coinme Deal
Polygon Labs laid off staff for the second time this year as CEO Marc Boiron pushes to finish the $250 million Coinme acquisition and rebuild the company as a payments business targeting profitability in 2027.

Gator
Jul 163 min read


Burgers, Shakes, and Sats: Steak 'n Shake Says Bitcoin Helped Drive 16% July Sales Jump
Steak 'n Shake credits its Bitcoin payment rollout for another double-digit sales month — but without disclosing how many customers actually pay in BTC, skeptics say the PR may be doing the heavy lifting.

Gator
Jul 162 min read


Betting on the Boss's Script: Trump's Teleprompter Operator Suspended After $100K in Kalshi Speech Bets
The CFTC is probing whether the White House staffer who ran Trump's teleprompter used advance knowledge of speeches to win over $100,000 on Kalshi's word-mention markets.

Gator
Jul 162 min read


Ken Griffin Doubles Down on Crypto: Citadel Securities Drops $400M Into Crypto.com at a $20B Valuation
Citadel Securities has invested $400 million in Crypto.com, valuing the exchange at $20 billion — the market maker's second major crypto exchange bet in under a year.

Gator
Jul 162 min read


Fresh Wallets, Big Appetite: Whales Quietly Scoop 50,000 ETH as the ETH/BTC Ratio Wakes Up
Newly created wallets pulled roughly 50,000 ETH off exchanges in under 48 hours while the ETH/BTC ratio climbed 6% on the week — the kind of quiet accumulation that tends to show up before capital rotates down the risk curve.

Gator
Jul 162 min read


Summer.fi Calls It Quits: $6 Million Flash Loan Exploit Proves Fatal for Five-Year-Old DeFi Platform
Summer.fi is winding down operations after the July 6 exploit of its Lazy Summer Protocol drained $6.04 million and wiped out the capital the team needed to rebuild. The app stays live until August 31.

Gator
Jul 162 min read


Trump Heads to the Negotiating Table: Thursday White House Meeting Could Decide the CLARITY Act's Fate
President Trump will meet senators Thursday to hash out the ethics provisions blocking the CLARITY Act, with Senate leadership racing to pass crypto's biggest bill before the August recess.

Gator
Jul 162 min read


Base Blinks: Jesse Pollak Hands the App to Cobie and Admits the Social Bet Flopped
Base creator Jesse Pollak is stepping back from the Base app, handing the reins to Cobie after admitting his social-and-creator-coin strategy 'disintegrated completely.' The chain is pivoting hard to trading, stablecoin payments, and AI agents.

Gator
Jul 152 min read


Daily Digest July 15: Japan Makes Crypto Official as Bitcoin Reclaims $65K
Japan's upper house reclassifies crypto as financial instruments — Bitcoin ETFs by 2027 and a 20% flat tax on deck — while cooling US inflation sends BTC to a three-week high above $65,000.

Gator
Jul 153 min read
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