Daily digests
Crypto News Digest: July 5, 2026
The stories that moved crypto on July 5, 2026.
15 stories
All crypto news
Nigel Farage failed to declare funding from crypto gambling figure convicted of fraud: Sunday Times
Nigel Farage is facing further scrutiny after failing to declare funding from a crypto gambling figure convicted of fraud. The Sunday Times reports that Farage received undisclosed funding from this individual, adding to his existing parliamentary standards investigation over a £5 million gift from Tether stakeholder Christopher Harborne, raising questions about his transparency and accountability.
Vitalik Buterin says Ethereum’s next rebuild will rival the Merge, and take three to four years
Vitalik Buterin emphasizes that Ethereum's next rebuild will rival the Merge in significance, taking three to four years to complete. Quantum safety has become a top priority, and Hegota, scheduled for later this year, will likely be Ethereum's last "pre-Lean" hard fork, setting the stage for a major overhaul that will impact the entire network and its users.
Clarity and Congress's summer break: State of Crypto
Clarity, a long-awaited regulatory framework for the crypto industry, remains a top priority for lawmakers despite Congress's summer break. Optimism persists that Clarity can be achieved before the midterms, but time is running out with only a few months left on the legislative calendar. Industry stakeholders anxiously await Congressional action, fearing regulatory uncertainty.
Banks have stopped asking if stablecoins belong in finance, now they're considering how
Financial institutions are rapidly shifting their stance on stablecoins, no longer questioning their place in finance but instead focusing on how to securely integrate them. With digital asset volumes projected to surge by 2030, banks are racing to become gateways for stablecoins, seeking to capitalize on the growing demand and potential for increased revenue.
Americans traded $571 million on Polymarket politic bets despite U.S. ban
Americans are actively trading $571 million on Polymarket's political betting contracts despite the U.S. ban, making them the largest contributor to the platform's activity over the past year. U.S.-linked wallets are focusing on foreign-conflict markets not listed in U.S. venues, highlighting a significant demand for these types of wagers in the country.
Fake Mac Clipboard App Delivers New Password-Stealing Malware
A new Mac infostealer, PamStealer, is impersonating the open-source Maccy clipboard manager to steal passwords and sensitive information from unsuspecting users. This malware is designed to collect login credentials, browser data, and cryptocurrency wallet information, putting millions of Mac users at risk. The rise of password-stealing malware highlights the growing threat to Mac security.
Bitcoin nears $63.5K into weekly close as trader warns of 'terrible' Monday
Bitcoin is nearing $63.5K as it closes the week, its highest levels in nearly two weeks. However, the price action faced an "absolutely terrible" Monday, marking a concerning trend. This decline suggests volatility may persist, potentially impacting investor sentiment and influencing market decisions, with Bitcoin's price stability remaining a top concern for traders and investors alike.
Kalshi and prediction market sector embroiled in mixed bag of legal fights across U.S.
Kalshi and the prediction market sector are currently embroiled in a mixed bag of legal fights across the U.S., with some battles with state gaming regulators going poorly for the industry, while others find support from would-be government protectors, including a recent proposal in the U.S. House of Representatives aiming to clarify regulatory oversight.
Collateral, not yield, will decide which stablecoins win
The stablecoin market is rapidly approaching $50 billion in market capitalization, driven by yield-bearing stablecoins, but Artem Tolkachev, chief RWA officer at Falcon Finance, argues that the industry is focusing on the wrong metric, emphasizing collateral instead of yield, a shift that could significantly impact the market and influence which stablecoins thrive.
South Africa proposes crypto tax rules under existing tax framework
South Africa's tax authority proposes draft guidance clarifying crypto tax rules under existing income and capital gains tax laws, seeking public input until August 31. The proposed rules aim to align crypto taxation with existing regulations, potentially affecting thousands of South African crypto traders and investors, impacting the local market's growth and adoption.
Binance outflows triple to $1.2B as ETH withdrawals hit 3-year high
Binance is experiencing a significant surge in outflows, reaching $1.23 billion in weekly net outflows, a 207% increase from the previous week. This is accompanied by a three-year high in Ethereum withdrawals, indicating a substantial shift in investor behavior. The market is closely watching this trend, potentially impacting cryptocurrency prices and exchange stability.
Barstool's Portnoy plans to hold bitcoin down to zero after timing it wrong every time
Barstool Sports founder Dave Portnoy is doubling down on his bearish stance, claiming he'll hold bitcoin down to zero after buying near $100,000, a price he likely regrets timing. His bold statement comes as the market continues to navigate a volatile crypto landscape, with many investors reevaluating their positions amidst a potential asset correction. Market sentiment remains uncertain.
Vitalik Buterin shares top priorities for new 'Lean Ethereum' strawmap
Vitalik Buterin is prioritizing the development of a new virtual machine for Ethereum, aiming to enhance scalability and privacy. LeanISA and RISC-V are top contenders for this project, with the Ethereum Foundation seeking to improve the network's performance and user experience. This move could significantly impact Ethereum's competitiveness in the crypto landscape.
Bitcoin ETFs log record eighth straight negative week despite large Thursday inflow
Bitcoin ETFs log record eighth straight negative week, a dismal streak despite a large Thursday inflow of $4.3 million, their smallest week since launching in May, down from a record $111 million the week before, indicating a significant decline in investor interest, which is weighing heavily on the crypto market's overall sentiment and prices.
Moonbeam to pivot from Polkadot to Base, unveils AI agent framework
Moonbeam is pivoting from Polkadot to Base, unveiling an AI agent framework with no specified launch timeline. GLMR holders are advised to bridge their tokens from Polkadot to Base by July 31. This shift is expected to impact Moonbeam's ecosystem, potentially affecting its user base and token value, as the platform adapts to new infrastructure.