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Kraken Wins $22 Million Arbitration as Arjun Sethi Calls for Clear Crypto Rules

Payward, Kraken’s parent company, has asked the Delaware Court of Chancery to enter final judgment against Mazars USA after winning a $22 million arbitration award. Co-CEO Arjun Sethi framed the case as part of a broader fight over debanking, regulatory pressure and the need for clear U.S. Kraken Wins $22 Million Arbitration as Arjun Sethi Calls for Clear Crypto Rules
Key Takeaways
- Payward won a $22M award and asked Delaware court to enter judgment against Mazars USA.

πŸ“° Bitcoin.com

#Ethereum #ETH #CryptoNews
πŸ“’ @Coindce
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CFTC Chair Says Clarity Act Is β€˜So Close’ As August Deadline Nears

Commodity Futures Trading Commission Chairman Michael Selig said the Clarity Act remains within reach, days after Congress missed its July 4 target to pass the crypto market-structure bill. We have to get this done,” Selig told Fox Business host Maria Bartiromo. Some analysts give the measure even odds of passage before the August 7 recess.

πŸ“° Bitcoin Magazine

#AI #CryptoAI #CryptoNews
πŸ“’ @Coindce
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A New York Crypto Legal Director Role Is Advertising $1 Million to $5 Million a Year

A fast-growing Solana-based crypto platform is advertising a New York director of legal affairs role paying $1 million to $5 million a year, even as the market remains weak and Bitcoin is down about 50% since October. The company launched in 2024, says it processes more than $300 million in daily transactions, and is facing lawsuits including a New York class action accusing it of operating a Ponzi scheme. A New York Crypto Legal Director Role Is Advertising $1 Million to $5 Million a Year
Key Takeaways
- Pump.fun posted a New York legal role paying $1 million to $5 million a year.

πŸ“° Bitcoin.com

#CryptoRegulation #SEC #CryptoNews
πŸ“’ @Coindce
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AI is shortening the shelf life of crypto security audits, researchers warn

SlowMist's estimate of total crypto losses from blockchain hacks. Five days later, a smart contract on the decentralized exchange mySwap was exploited for $300,000, even after the mySwap user interface had been closed to new liquidity deposits for more than six months. A more fortunate event took place in May, when a white hat, known as β€œ0xflorent,” helped recover 1,003 Ether (ETH) worth over $1.72 million from 48 investors involved in the Hong Coin (HONG) initial coin offering in 2016.

πŸ“° CoinTelegraph

#CryptoRegulation #SEC #CryptoNews
πŸ“’ @Coindce
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Trader loses $1M after signing phishing token approval

Earlier this month, a wallet holder reportedly lost $1.65 million after connecting to a fake exchange and signing a malicious contract in a similar incident. β€œThe approval gave attackers unlimited access, enabling an automated sweeper to drain funds,” researcher Ryan Coleman said on Friday. Related: France to strengthen response as crypto wrench attacks hit 77
Blockchain security firm Chainalysis reported in June that onchain scams pulled in at least $14 billion in 2025.

πŸ“° CoinTelegraph

#NFT #Web3 #CryptoNews
πŸ“’ @Coindce
πŸ‹ Large BTC Transfer Detected

β‚Ώ Amount: 1,739 BTC (~$109M)
πŸ”— View on Explorer

Large whale movements can precede significant price action

#WhaleAlert #Bitcoin #BTC
πŸ“’ @Coindce
😱 Crypto Fear & Greed Index

22/100 β€” EXTREME FEAR
β–ˆβ–ˆβ–‘β–‘β–‘β–‘β–‘β–‘β–‘β–‘

Markets in panic β€” historically a buy signal

#FearAndGreed #CryptoSentiment #Crypto
πŸ“’ @Coindce
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Harry Hwang Warns Compliant Solana Order Flow Lanes Could Concentrate Institutional Liquidity

Moneygram has deployed an active Solana validator node and joined the Solana Developer Platform. Rather than an immediate integration with its retail remittance engine, this serves as an infrastructure staging ground to master public-node challenges before exposing its core settlement ledger. Harry Hwang Warns Compliant Solana Order Flow Lanes Could Concentrate Institutional Liquidity
Key Takeaways
- Moneygram recently became a Solana validator to master node operations before ledger integration.

πŸ“° Bitcoin.com

#Solana #SOL #DeFi #Web3 #CryptoNews
πŸ“’ @Coindce
Ξ
Hyundai Card completes its first real-world stablecoin pilot with Avalanche, Tether

Visa and Circle will participate in Hyundai Card's second stablecoin PoC, which is set to begin later this month.

πŸ“° The Block

#Ethereum #ETH #AI #CryptoAI #CryptoNews
πŸ“’ @Coindce
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Sony Bank gets conditional OCC approval for US trust bank to issue dollar-backed stablecoin

The trust bank subsidiary, Connectia Trust, is expected to issue and manage a dollar-backed stablecoin, pending final approval.

πŸ“° The Block

#Stablecoin #DeFi #CryptoNews
πŸ“’ @Coindce
πŸ‹ Large BTC Transfer Detected

β‚Ώ Amount: 90 BTC (~$6M)
πŸ”— View on Explorer

Large whale movements can precede significant price action

#WhaleAlert #Bitcoin #BTC
πŸ“’ @Coindce
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MemeCore (M) Plunges Hard Again, Bitcoin (BTC) Eyes $63K: Market Watch

In contrast, ARB and SKY are today's top performers, gaining around 9% each.

πŸ“° CryptoPotato

#Bitcoin #BTC #AI #CryptoAI #CryptoNews
πŸ“’ @Coindce
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Regulators invited Binance to seek new licenses after MiCA setback, co-CEO says

Regulators invited Binance to seek new licenses after MiCA setback, co-CEO says
Binance is exploring new licensing paths into Europe while continuing to expand its regulatory footprint in Asia, says co-CEO Richard Teng. Binance is in talks with regulators that have invited the exchange to apply for crypto licenses following its withdrawal from the Markets in Crypto-Assets Regulation (MiCA) application in Greece, according to co-CEO Richard Teng. Teng said at the Reuters NEXT Asia conference in Singapore on Thursday that the discussions are still β€œpremature” and declined to identify the jurisdictions.

πŸ“° CoinTelegraph

#BNB #Binance #CryptoNews
πŸ“’ @Coindce
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Russia's largest private bank Alfa-Bank tests crypto trading

Magazine: Has Bitcoin bottomed for this cycle? Analysts say 'not yet'
More on the subject

πŸ“° CoinTelegraph

#CryptoNews
πŸ“’ @Coindce
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SWIFT launches blockchain ledger with 17-bank tokenized deposit pilot

SWIFT launches blockchain ledger with 17-bank tokenized deposit pilot
SWIFT launched its new blockchain ledger that will host a tokenized bank deposit pilot for 17 major banks seeking faster cross-border payments. The world's largest financial messaging network, SWIFT, said its blockchain-based ledger is ready for initial use after nine months of development. Seventeen major banks, including HSBC, Citi, BNP Paribas, UBS, ANZ, DBS and Standard Chartered, are preparing to pilot cross-border payments using tokenized bank deposits on the new ledger, SWIFT announced on Thursday.

πŸ“° CoinTelegraph

#NFT #Web3 #CryptoNews
πŸ“’ @Coindce
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Russia’s Alfa Bank plans to launch digital depository to offer crypto services: report

The move aligns with similar announcements from other major Russian banks, amid the development of the country's crypto law.

πŸ“° The Block

#CryptoNews
πŸ“’ @Coindce
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Bank of Korea stands firm on bank-led stablecoin push as deposit token pilots advance

Bank of Korea stands firm on bank-led stablecoin push as deposit token pilots advance
The Bank of Korea reiterated its call for bank-led won stablecoin issuance while advancing deposit token pilots, as issuer rules remain a sticking point in South Korea’s digital asset bill. The Bank of Korea (BOK) has doubled down on its stance that won-denominated stablecoins should first be issued through bank-led consortiums. According to local reports from Digital Asset and EDaily, the central bank made the comments in materials submitted on Thursday to the National Assembly's finance committee.

πŸ“° CoinTelegraph

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πŸ“’ @Coindce
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Swift launches blockchain ledger for tokenized deposit pilot with 17 banks

Swift launched a blockchain-based ledger that enables 17 banks to pilot 24/7 cross-border payments using tokenized deposits.

πŸ“° The Block

#NFT #Web3 #CryptoNews
πŸ“’ @Coindce
πŸ‹ Large BTC Transfer Detected

β‚Ώ Amount: 76 BTC (~$5M)
πŸ”— View on Explorer

Large whale movements can precede significant price action

#WhaleAlert #Bitcoin #BTC
πŸ“’ @Coindce
πŸ’¬ Big news in the space.
A 20-Year-Old's Crypto Wallet Moved $123M in Romance-Scam Cash: Interpol Says

In brief
- Thai police arrested two people over a scheme that laundered romance-scam proceeds through crypto, using cross-chain swaps to hide the trail, Interpol said. One suspect, aged 20, controlled a wallet that processed more than $122.5 million in 10 months. - The arrests came out of Operation First Light 2026, a four-month push across 97 countries and territories that led to 5,811 arrests and the interception of $293 million in illicit assets.

πŸ“° Decrypt

#CryptoNews
πŸ“’ @Coindce
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Sony Bank Clears OCC Hurdle for Dollar Stablecoin

In brief
- Japan's Sony Bank has won conditional approval from the U.S. Office of the Comptroller of the Currency to set up a national trust bank, Connectia Trust, to issue a dollar-backed stablecoin. - The subsidiary will be established this month with $40 million in capital and is expected to begin operations in 2027, pending final approval.

πŸ“° Decrypt

#Stablecoin #DeFi #CryptoNews
πŸ“’ @Coindce