Elon Musk's SpaceX $SPCX dropped 10.5% today, wiping more than $250 billion off its market valuation.
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Bitmine added 52,203 $ETH in the past week, increasing its total holdings to 5.67M ETH
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😒 Leadership Overhaul at Sonic Labs
André Cronje and other prominent figures are stepping down from the Sonic Labs (S) board. Cronje clarified that he was always in the role of CTO, not a commercial founder, and will now shift focus to Flying Tulip.
Newly appointed CEO Matt Visher and COO Costa Corkamelis are committed to transparent governance, including the establishment of a dedicated risk committee, and emphasizing that S token holders are vital stakeholders.
This fresh start comes after S plunged 97% from its all-time high and suffered a significant loss of community trust.
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André Cronje and other prominent figures are stepping down from the Sonic Labs (S) board. Cronje clarified that he was always in the role of CTO, not a commercial founder, and will now shift focus to Flying Tulip.
Newly appointed CEO Matt Visher and COO Costa Corkamelis are committed to transparent governance, including the establishment of a dedicated risk committee, and emphasizing that S token holders are vital stakeholders.
This fresh start comes after S plunged 97% from its all-time high and suffered a significant loss of community trust.
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🇺🇸 US Senate Imposes Four-Year Ban on CBDC
In an 85-5 vote, the US Senate approved a housing bill containing a provision that halts the Federal Reserve from launching a digital dollar for four years. The measure prevents the Fed from developing central bank digital currencies—or similar digital assets—directly or via third parties until 2030.
During his confirmation hearing, Fed Chair Kevin Warsh labeled CBDCs a "bad political decision." Earlier this year, President Trump also took a firm stance, signing an executive order to block CBDC development.
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In an 85-5 vote, the US Senate approved a housing bill containing a provision that halts the Federal Reserve from launching a digital dollar for four years. The measure prevents the Fed from developing central bank digital currencies—or similar digital assets—directly or via third parties until 2030.
During his confirmation hearing, Fed Chair Kevin Warsh labeled CBDCs a "bad political decision." Earlier this year, President Trump also took a firm stance, signing an executive order to block CBDC development.
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⚠️ WSJ Exposes Polymarket’s Fake Win Campaign
The Wall Street Journal has uncovered a misleading marketing push by Polymarket, alleging the prediction platform paid influencers to post videos featuring fabricated betting wins. A review of 1,105 videos from 10 creators revealed that nearly all showcased non-existent trades.
Investigators found that many used cloned versions of Polymarket’s website to simulate victories, often relying on outdated clips and fabricated news headlines. These videos collectively reached over 140 million views across social platforms.
According to the report, Polymarket spent $2,000–$3,000 monthly on bloggers to produce deceptive content. In 118 of these videos, creators appeared to profit $900,000—amounts that stand in stark contrast to reality, where similar actual bets would have resulted in a $166,000 loss.
Details continue to unfold.
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The Wall Street Journal has uncovered a misleading marketing push by Polymarket, alleging the prediction platform paid influencers to post videos featuring fabricated betting wins. A review of 1,105 videos from 10 creators revealed that nearly all showcased non-existent trades.
Investigators found that many used cloned versions of Polymarket’s website to simulate victories, often relying on outdated clips and fabricated news headlines. These videos collectively reached over 140 million views across social platforms.
According to the report, Polymarket spent $2,000–$3,000 monthly on bloggers to produce deceptive content. In 118 of these videos, creators appeared to profit $900,000—amounts that stand in stark contrast to reality, where similar actual bets would have resulted in a $166,000 loss.
Details continue to unfold.
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⚡️ BREAKING: The Ethereum Foundation reveals major restructuring, cutting 20% of its team.
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After a month-long pause, THORChain has resumed full operations — swaps, liquidity, and validator rotation are now back online. RUNE surged 7% following the relaunch.
Next on the roadmap: native support for Monero and Zcash swaps. The network was temporarily halted in May due to a ~$10 million exploit.
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Next on the roadmap: native support for Monero and Zcash swaps. The network was temporarily halted in May due to a ~$10 million exploit.
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The U.S. House Committee has set a hearing for July 17 to discuss the proposed Crypto Clarity Act.
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SpaceX has shed over $600 billion in market value in just three days—nearly half of Bitcoin's entire market cap—following its announcement of a first-ever bond sale.
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⚡️ BREAKING: Mark Zuckerberg has tasked Meta with creating a prediction markets app.
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🚨 FREE $5 GIVEAWAY 🚨
Get FREE $5 USDT in less than a minute — no hidden steps, no waiting, just instant payout.
1️⃣ Open @maczobot
2️⃣ Tap “Claim” and receive your FREE $5 USDT instantly
💸 Increase your reward — earn up to
⏳ Offer ends soon — grab yours before it's gone.
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Get FREE $5 USDT in less than a minute — no hidden steps, no waiting, just instant payout.
1️⃣ Open @maczobot
2️⃣ Tap “Claim” and receive your FREE $5 USDT instantly
💸 Increase your reward — earn up to
$50 USDT extra through referrals. ⏳ Offer ends soon — grab yours before it's gone.
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😏 Ethereum Foundation Slashes Budget by 40%
Vitalik Buterin revealed that the Ethereum Foundation will cut its annual spending by around 40% this year. As part of the shift, the Privacy and Scaling Explorations (PSE) team will be disbanded, and the foundation’s institutional approach will be streamlined.
Future Devcon events will be smaller and more cost-effective, with greater emphasis placed on targeted developer groups—particularly those leveraging AI for formal code verification. Currently, the foundation spends roughly 15% of its reserves each year, but plans to reduce that to just 5% annually after 2030.
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Vitalik Buterin revealed that the Ethereum Foundation will cut its annual spending by around 40% this year. As part of the shift, the Privacy and Scaling Explorations (PSE) team will be disbanded, and the foundation’s institutional approach will be streamlined.
Future Devcon events will be smaller and more cost-effective, with greater emphasis placed on targeted developer groups—particularly those leveraging AI for formal code verification. Currently, the foundation spends roughly 15% of its reserves each year, but plans to reduce that to just 5% annually after 2030.
✅ Follow @cryp
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Senate signals crypto tax regulations could be introduced earlier than anticipated.
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🔗 OnChain: $ETH
Machi Big Brother has been liquidated seven times in the last 24 hours — yet still maintains a 1,100 ETH long position, currently worth $1.82M. The new liquidation price for this trade stands at $1,635.71.
0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872
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Machi Big Brother has been liquidated seven times in the last 24 hours — yet still maintains a 1,100 ETH long position, currently worth $1.82M. The new liquidation price for this trade stands at $1,635.71.
0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872
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Binance confirms it will remain in the EU and is preparing to reapply for a crypto license following its initial setback.
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Gold prices dip below $4,000/oz for the first time since November 2025
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