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The next currency crisis could turn $300 billion in stablecoins into national currencies

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Bolivia’s government is evaluating whether to include USDT in its regulated payment system alongside the boliviano and the US dollar, according to local media. Cryptoassets are authorized in the country with no legal-tender status attached. The country’s finance minister described the current state as a prohibition lifted without a clear regulatory framework, with the technical … Read more

Trump puts Senate on a 24-day clock to find 60 votes for America’s crypto CLARITY Act rulebook

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The White House is increasing pressure on the Senate to pass the CLARITY Act before lawmakers leave Washington for their August recess. On July 13, President Donald Trump urged the US Congress to approve the legislation and cast the measure as part of the United States’ competition with China over cryptocurrency and artificial intelligence. He … Read more

Bitcoin falls below $63,000 as markets give Hormuz traffic just 3% chance to normalize by August

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Bitcoin slipped below $63,000 as renewed fighting between the United States and Iran pushed oil prices higher, drove bond yields up, and revived concern that an extended disruption in the Strait of Hormuz could keep inflation elevated. Data from CryptoSlate shows the largest cryptocurrency traded near $62,940, down about 1.4% over 24 hours. Other leading … Read more

Robinhood Chain tokens are reportedly vanishing from wallets causing buyers to lose funds

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Cross-chain transaction protocol Relay has claimed that buyers on Robinhood Chain, Robinhood’s permissionless Ethereum Layer 2, lost money after tokens they purchased disappeared from their wallets. Relay highlighted the issue and said the money was gone, without promoting the tokens or saying why they disappeared from wallets. The incidents were reportedly not wallet or private-key … Read more

How a zeroed oracle signature unlocked $9M from Hedera DeFi lender Bonzo Lend

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Hedera-based lending protocol Bonzo Lend has locked withdrawals after an oracle verifier accepted a proof containing a zeroed signature and public key, allowing a wallet to borrow $9.05 million against 250 SAUCE. Bonzo Lend and Bonzo Points remained paused as of July 13, while the protocol’s official status page listed Bonzo Lend and all affected … Read more

Ripple CEO says SEC suit nearly pushed company to shut down

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Ripple CEO Brad Garlinghouse said he and co-founder Chris Larsen seriously considered shutting the company down after the SEC sued in 2020 and distributing Ripple’s XRP holdings to shareholders. In a KU Hustle interview, Garlinghouse said they chose to fight instead because closing Ripple would have cost hundreds of jobs. He estimated the four-year legal … Read more

After MiCA deadline, majority of Binance users sent funds to self-custody not other compliant exchanges

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Binance says users in the European Union sent up to 70% of the funds they withdrew after July 1 to wallets they controlled themselves. Only about 30% went to platforms regulated under the Markets in Crypto-Assets framework, according to Binance co-CEO Richard Teng. The split was reported by the company, has not been independently audited, … Read more