Daily digests
Crypto News Digest: July 8, 2026
The stories that moved crypto on July 8, 2026.
40 stories
All crypto news
Bitcoin tumbles back to key $60K support level: What’s behind the sell pressure?
Bitcoin tumbles back to its key $60K support level as renewed sell pressure mounts amid an oil price surge and Japan economic contagion risks, with some strategists initiating fresh rounds of selling. This sell-off is driven by concerns over inflation, market volatility, and potential economic downturns, weighing heavily on investor sentiment and market stability.
Sen. Wyden urges Senate leaders to preserve contested blockchain developer protections in broader crypto bill
Democratic Sen. Ron Wyden is urging Senate leaders to preserve a provision protecting blockchain software developers in the broader crypto bill. This provision would safeguard developers from potential lawsuits over the use of their code in decentralized finance applications. Wyden's push aims to maintain a delicate balance between innovation and liability concerns within the cryptocurrency industry.
The New Grok 4.5 Is Out. Elon Musk Says It Competes With Last Year's Claude Opus
SpaceXAI releases Grok 4.5, a coding model that competes with last year's Claude Opus, according to Elon Musk. The new model is cheaper and faster than Anthropic and OpenAI's flagships, but Musk acknowledges it's at least one generation behind their top models. This move highlights the rapidly evolving AI landscape and increasing competition among major players.
Paradigm Raises $1.2 Billion Fund as Crypto VC Pushes Further Into AI
Paradigm is raising a $1.2 billion fund to invest in AI, robotics, and crypto startups, expanding its focus beyond digital assets. This significant investment reflects the growing intersection of crypto and AI, as venture capital firms increasingly back emerging technologies.
‘Best course of action:’ DeFi dashboard Zapper to shut down after 7 years
Zapper, a DeFi dashboard that began as a portfolio tracker, is set to shut down after 7 years of operation. The platform, which raised a $15 million Series A led by Framework Ventures in May 2021, has announced its closure.
Binance Wallet adds Plume’s yield vault offering access to Invesco and Bitwise funds
Binance Wallet is now offering Plume's yield vault, providing users with access to tokenized funds managed by Invesco and Bitwise. This collaboration brings institutional-grade investment options to Binance users, with Plume's vault offering exposure to Invesco's and Bitwise's funds, marking a significant expansion of Binance's services and a growing trend in decentralized finance.
Officials set to revise MiCA to cover non-EU stablecoin issuers: Report
EU officials are set to revise the Markets in Crypto-Assets framework, known as MiCA, to cover non-EU stablecoin issuers. This move reportedly comes in response to a US stablecoin law and rules on tokenized payments and deposits. The revisions, dubbed "MiCA 2.0," aim to address regulatory gaps and ensure compliance with global standards, potentially impacting the global stablecoin market.
Bitcoin Stalls as Ethereum Flashes Worst Weekly Signal in Years: Analysis
Bitcoin is currently stagnant after failing to break out as expected, while Ethereum has flashed a worst weekly signal in years, printing a death cross for the first time in years, a bearish indicator that suggests a possible downtrend. This development may weigh on the overall market sentiment, potentially impacting altcoin prices and investor confidence.
Tokenized stock transfers surge 105% in a month to $8.4B
Tokenized stock transfers surge 105% in a month to $8.4 billion, driven by growing adoption from crypto companies and traditional financial institutions expanding tokenized equity initiatives, which are accelerating trading activity and market value, indicating a significant shift towards digital securities and potentially paving the way for mainstream acceptance and increased liquidity in the market.
Bitcoin ETFs 'Turning a Corner' After Record Bleed Hits $8 Billion
Bitcoin ETFs are slowly regaining traction after a significant downturn, with investors cautiously returning to the market. Since mid-May, a record $8 billion has been lost, but recent signs indicate a potential turnaround. Market sentiment is shifting as investors reassess their positions, and Bitcoin's volatility is expected to stabilize, potentially paving the way for a market recovery.
Bitcoin peels back to $62K as Fed-wary futures traders cut risk: Is the BTC rally over?
Bitcoin hovers around the $62,000 mark as traders cut risk ahead of a Federal Reserve policy statement, citing escalating tensions in Iran and a spike in oil prices. This shift in sentiment signals a potential end to the BTC rally, with investors seeking safer assets amidst growing uncertainty. The market's cautious tone weighs on the cryptocurrency's price.
Cash App owner Block to pay $45 million after states say it made false security promises
Block Inc. is agreeing to pay $45 million to settle allegations from nearly every U.S. state that it made false security promises. States claim Block misled consumers about the security of Cash App, its popular digital payment service. This settlement comes as regulators increasingly scrutinize financial apps for data protection and security. The industry is likely to face heightened scrutiny.
Lyn Alden says Bitcoin needs no savior as Strategy sells $216M of BTC
Lyn Alden emphasizes Bitcoin's need for self-sustainability as Strategy sells $216 million worth of BTC, unloading 3,588 coins. This move highlights concerns over leverage risks tied to Strategy's positions, particularly STRC. Market participants are closely watching as Bitcoin's price stability is put to the test, potentially impacting investor confidence and overall market sentiment.
BNB Chain is building a new layer-1 for high-frequency trading and AI agents
BNB Chain is developing a new layer-1 blockchain specifically designed for high-frequency trading and AI agents, capable of processing over 100,000 transactions per second by directly streaming them, eliminating public queues to expedite trades and enhance security.
Adam Back's BSTR scraps SPAC merger, seeks new deal
Adam Back's blockchain company BSTR is scrapping its SPAC merger with Cantor Equity Partners, citing a postponed shareholder vote indefinitely. The original deal was set to close in July 2025. BSTR is now seeking a new deal, leaving investors uncertain about the company's future and potentially impacting the broader blockchain and cryptocurrency market.
Polymarket bets on U.S. marketing blitz to win back trust after 4-year ban: Report
Polymarket's head of U.S. operations is reportedly leading a marketing blitz to regain user trust after a 4-year ban, aiming to legitimize the prediction market. The effort involves educating regulators and users about the platform's benefits, such as providing accurate market sentiment.
Lucky Trader Turns $85 Into $2 Million on Robinhood Chain Meme Coin
A trader on Robinhood Chain has turned $85 into $2 million in less than three weeks by investing in the meme coin CashCat, with its price skyrocketing rapidly. The coin's surge in value has sparked widespread attention, attracting new investors and fueling a frenzy of trading activity on the platform, further propelling the cryptocurrency market's volatility.
Paradigm raises $1.2 billion fourth fund, expanding beyond crypto into AI and robotics
Paradigm is raising its fourth fund, a $1.2 billion vehicle that will invest in crypto, AI, and robotics startups, expanding its focus beyond cryptocurrency. This significant investment will provide Paradigm with substantial resources to support innovation in emerging technologies, potentially driving growth in the AI and robotics sectors while also bolstering the crypto market.
Bank of England governor denies Farage lobbying swayed CBDC policy: Report
Andrew Bailey, Bank of England governor, denies that lobbying from Nigel Farage influenced the central bank's digital currency policy. Bailey allegedly stated that Bank of England policy remained independent despite a meeting with Farage that included discussions on cryptocurrency.
Stablecoin-settled TradFi perpetual trading tops $1.1T: Binance Research
Stablecoin-settled TradFi perpetual trading has surpassed $1.1 trillion in volume according to Binance Research, highlighting the growing adoption of stablecoins as a preferred settlement layer for tokenized TradFi markets. This trend is also gaining traction in payments and savings, underscoring the increasing role of stablecoins in mainstream financial applications and services.
Adam Back’s Bitcoin treasury company seeks new terms with Cantor for SPAC merger
Adam Back's Bitcoin treasury company, The Bitcoin Standard Treasury Company, is seeking new terms with Cantor Equity Partners I for their 2025 SPAC merger deal, citing the need for updated terms that reflect current market conditions. The companies aim to renegotiate the agreement to better align with the evolving market landscape, potentially impacting the deal's timeline and valuation.
Dinari, tZERO join forces on turnkey platform for tokenized U.S. equities
Dinari and tZERO are joining forces to create a turnkey platform for tokenized U.S. equities, marking a significant step in the development of blockchain-based stocks. This move comes as firms rush to build the necessary infrastructure, sparking debate on how tokenized stocks should work and operate within existing regulatory frameworks. The industry is witnessing rapid growth and innovation.
Kraken Wins $22M From Auditor That Abandoned It During Operation Choke Point 2.0
Kraken is awarded $22M by an arbitrator after accounting firm Mazars abandoned a nearly completed audit, citing Operation Choke Point 2.0. The exchange claims Mazars' decision was unjustified. This outcome may set a precedent for other exchanges facing similar situations, potentially increasing confidence in crypto audits and regulatory compliance, boosting the industry's overall reputation.
Cardano founding entity EMURGO steps down from Pentad governance role after wallet exploit
Cardano's founding entity EMURGO is stepping down from its governance role in Pentad following a wallet exploit that drained approximately 16 million ADA, valued at around $2.4 million. This incident highlights potential vulnerabilities in the wallet's address generation system, raising concerns about security and user trust in the platform, affecting the overall market perception of Cardano.
Crypto VC Paradigm launches $1.2 billion AI fund as it broadens beyond digital assets: BBG
Crypto VC Paradigm launches a $1.2 billion AI fund to back startups in AI and robotics, expanding its investment scope beyond digital assets. Despite this shift, leadership remains committed to crypto investing, indicating a strategic diversification. This move highlights the growing interest in AI and robotics, with potential implications for the broader tech industry and venture capital landscape.
Crypto Long & Short: With MSTR concerns assuaged, look to traditional signals around BTC
FalconX's Gaspar Martin asserts that Bitcoin is reaching a market bottom and poised for a turnaround, citing concerns around MicroStrategy's (MSTR) stock price have been alleviated. MSTR's stock price has stabilized, removing a major overhang on Bitcoin's price. Traditional signals around BTC are now more favorable, indicating a potential price increase and a shift in market sentiment.
European Commission looks to expand MiCA to cover emergence of tokenization, non-EU stablecoin issuers: report
The European Commission is currently seeking comment from stakeholders on expanding MiCA rules to cover the emergence of tokenization and non-EU stablecoin issuers until September 30. This move aims to address regulatory gaps and ensure investor protection in the rapidly evolving digital asset landscape, potentially impacting the European crypto market's growth and stability.
Bitcoin slides as Iran ceasefire collapse sees $75 oil on Hormuz blockade threats
Bitcoin price is under pressure, sliding toward the crucial $61,000 mark, as oil prices surge on the collapse of the US-Iran ceasefire, with oil futures reaching $75 per barrel due to Hormuz blockade threats. This escalation in geopolitical tensions is weighing heavily on risk assets, including cryptocurrencies, and may lead to a further decline in Bitcoin's value.
Malaysia Seizes Over 75,000 Crypto Mining Rigs in Power-Theft Crackdown
Malaysian authorities seize over 75,000 crypto mining rigs in a power-theft crackdown, following more than 3,000 raids since 2022 that have resulted in 629 arrests. Miners are being targeted for siphoning electricity from the national grid, highlighting a growing concern about crypto mining's environmental impact and potential strain on energy resources worldwide.
XRP Logo Lands on Kansas Jayhawks Jerseys as Ripple Inks Multi-Year Deal
Ripple and XRP are partnering with the University of Kansas Jayhawks to feature their logo on jerseys as part of a multi-year deal. This marks a significant entry into the sports marketing space for crypto brands. The partnership is expected to increase XRP's visibility and potentially attract new investors. The crypto industry is expanding its reach into mainstream culture.
BNB Chain Plans New Layer-1 for AI Agents and Quantum Future
BNB Chain is planning a new layer-1 for AI agents and a quantum future, with its 2026 roadmap focusing on faster transactions, AI-powered applications, and infrastructure that competes with traditional financial systems. This move aims to leverage advancements in AI and quantum computing, positioning BNB Chain for increased scalability and adaptability in an evolving digital landscape.
SpaceX's first bitcoin wallet movements in six months likely don't signal sales
SpaceX is making its first bitcoin wallet movements in six months, shifting a tiny amount of cryptocurrency between its own addresses, with no transactions reaching an exchange. This subtle activity likely doesn't signal a sale, but rather internal reorganization or administrative tasks. The company's bitcoin reserves remain intact, maintaining a stable presence in the crypto market.
Citadel drops U.S. Portofino suit, seeks bankruptcy order against firm's founder in UK
Citadel drops its U.S. trade secrets case against Portofino, citing a 6 million-pound London arbitration award, which likely renders further U.S. judgments uncollectible. This strategic move allows Citadel to pursue a bankruptcy order against Portofino's founder in the UK, where the arbitration award can be enforced, potentially crippling the firm's assets.
Morning Minute: Vanguard Hires 'Head of Digital Assets' in Crypto Capitulation
Vanguard hires a 'Head of Digital Assets' amidst crypto market downturn, with major cryptocurrencies like Bitcoin and Ethereum plummeting over 5% as global markets react to the U.S. striking Iran, ending a ceasefire.
BTC speculators in focus as analysis says 'textbook Bitcoin bottom' is underway
Bitcoin speculators are in focus as analysis suggests a "textbook Bitcoin bottom" is underway, with a key moving average derivative triggering at the end of the 2022 bear market, a similar scenario to past bottoms. This derivative last triggered in 2022, and Bitcoin's price action has returned to its reversal zone, sparking hopes of a potential price rebound.
Strategy’s 3,588 BTC sale puts future bitcoin selling in focus: analysts
Strategy is selling 3,588 BTC, a significant move that puts future bitcoin selling in focus. Analysts warn that if Strategy stops being a choice, continued sales could become a concern, potentially impacting market sentiment. The sale highlights ongoing market dynamics, with investors closely monitoring large-scale transactions. Market volatility may increase due to this development.
Kazakhstan president signs decree to accelerate crypto adoption
Kazakhstan's president signs a decree to accelerate crypto adoption, focusing on gas-powered electricity for mining, income tax exemptions for regulated crypto transactions, and cross-border stablecoin payments. The decree aims to create a favorable environment for crypto mining, leveraging the country's abundant gas resources. This move could attract miners and boost Kazakhstan's economy.
The 5 types of real world assets being tokenized fastest onchain
Tokenized real-world assets are being rapidly on-chained, primarily consisting of treasuries, real estate, stocks, commodities, and private credit. This sector, although still relatively small compared to traditional finance, is experiencing explosive growth. Market participants are increasingly adopting blockchain-based solutions to streamline asset management and trading, driving innovation in the space.
India crypto tax filings lag trading activity: Report
India's tax department is struggling to track crypto transactions, with only a quarter of the 645,000 individuals who made trades reporting their income on tax returns. This discrepancy highlights the need for improved regulatory oversight and tax compliance in the Indian crypto market. The lack of transparency hampers the government's ability to collect revenue from these transactions.
Bull Bitcoin asks French court to strike down DAC8 implementing decree
Bull Bitcoin is petitioning a French court to strike down a decree implementing DAC8, arguing it poses surveillance and physical risks to up to 135 million European crypto holders. The non-custodial exchange claims the rules infringe on users' rights and could lead to increased regulatory scrutiny, potentially affecting the entire European crypto market's growth and adoption.