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Gemini sent $10M in Bitcoin to Trump PAC after joint motion with CFTC

The Bitcoin donation can be used to support Donald Trump as a New York court considers whether to reverse a $5 million settlement between the CFTC and Gemini. With a court set to consider a reversal of a $5 million settlement from the US Commodity Futures Trading Commission’s (CFTC’s) case with cryptocurrency exchange Gemini, the…
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BitMEX delists 65 trading pairs, derivatives in July amid exchange shutdown

BitMEX will have removed 65 derivative contracts and trading pairs in July, compared with just 19 across the first six months of the year. Crypto exchange BitMEX accelerated its delisting of derivative contracts and trading pairs in July due to “insufficient trading interest,” offering a glimpse at declining activity on the platform surrounding its decision…
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Lyn Alden says Bitcoin needs no savior as Strategy sells $216M of BTC

Bitcoin-focused macroeconomist Lyn Alden said BTC must stand on its own as Strategy sold 3,588 BTC, while warning about leverage risks tied to STRC. Bitcoin is facing its weakest sentiment cycle yet, according to Lyn Alden, a Bitcoin-focused macroeconomist who said the asset must stand on its own as Strategy disclosed a $216 million Bitcoin…
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StarkWare CEO suggests 4% annual Bitcoin inflation to replace 21M cap

StarkWare CEO Eli Ben-Sasson argued that Bitcoin private keys get lost over time, meaning the amount of usable Bitcoin will diminish. Many disagree. The debate over whether Bitcoin’s fixed supply cap should be lifted has resurfaced after StarkWare CEO Eli Ben-Sasson suggested Tuesday that it should replaced with a 4% annual issuance rate. In a…
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Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation. Today in crypto, gambling industry groups want the US Senate to clarify that the CFTC doesn’t have the authority to oversee prediction markets. Also, the EU’s Markets in…
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Crypto market treads thin ice following Warsh FOMC, Trump Iran comments

Markets wobbled after mixed comments from President Trump on the Iran peace deal and Fed Chair Kevin Warsh signaling a new direction from the Federal Reserve. Key takeaways: Bitcoin remains under pressure from $2.1 billion in ETF outflows in June and an ongoing discount relative to global Bitcoin/USDT pairs. Strategy’s STRC stock shows weakness, highlighting…
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Ryan Salame’s wife to face charges over FTX-funded congressional run

A federal judge has denied a bid from Michelle Bond, the wife of former FTX executive Ryan Salame, to have campaign finance charges against her dismissed. Michelle Bond, the wife of former FTX executive Ryan Salame, will face illicit campaign finance charges after a judge rejected her argument that prosecutors promised Salame that she would…
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Bitcoin risks slump after hitting ‘major bear market resistance’: CryptoQuant

Bitcoin’s rally may reverse as its price has hit a historic resistance level and traders appear to already be taking profits, said CryptoQuant in a note on Wednesday. Bitcoin is at risk of falling into a downtrend after its price hit a key historical “major bear market resistance level” based on its 200-day moving average,…
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Trump’s White House weighs 250 pardons to celebrate America’s 250th birthday

One of the developers behind the crypto-mixing protocol Samourai Wallet has publicly expressed hopes for a pardon, along with FTX founder Sam Bankman-Fried. US President Donald Trump is reportedly considering pardoning 250 people to commemorate the country’s 250th birthday on July 4, according to The Wall Street Journal. An official announcement could come on June…
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Crypto VC Paradigm expands into AI, robotics with $1.5B fund: WSJ

Paradigm’s Matt Huang previously said developments in AI were “too interesting to ignore” and that both AI and crypto will have plenty of overlap. Crypto investment firm Paradigm is seeking to raise $1.5 billion for a new fund that will invest in companies in AI, robotics and other frontier technologies, according to the Wall Street…
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