Daily digests
Crypto News Digest: July 10, 2026
The stories that moved crypto on July 10, 2026.
40 stories
All crypto news
Meta's Chief Data Officer Says Agentic Commerce is the "Next Tier of Business"
Meta's Chief Data Officer Alex Schultz emphasizes Agentic Commerce as the next tier of business, where stablecoins are assumed, including within Meta. Schultz notes that the more challenging aspect is getting the rest of the world to adopt this concept, highlighting the need for widespread adoption and infrastructure development in the crypto space, impacting decentralized finance and global commerce.
Apple Sues OpenAI, Claims Former Employees Stole Trade Secrets
Apple is suing OpenAI, claiming former employees stole confidential trade secrets, including designs, supplier information, and engineering files, before joining the company. The lawsuit alleges that the former Apple employees, who now work at OpenAI, took sensitive information with them, compromising Apple's competitive advantage and intellectual property. The tech industry is bracing for potential fallout.
DOJ to drop charges against man accused in $722 million BitClub crypto Ponzi scheme: Bloomberg
The US Department of Justice is set to drop charges against an individual accused in the $722 million BitClub crypto Ponzi scheme, according to a Bloomberg report. The decision comes after pressure from a former contestant on 'The Apprentice', who has publicly urged the DOJ to drop the charges. This move may embolden other crypto scammers.
Democrats Call for Senate Hearings on Trump's Massive Crypto Profits
Top Democrats on key Senate committees are calling for Senate hearings to investigate President Trump's massive crypto profits, which exceeded $1.2 billion last year. This move comes as lawmakers scrutinize the President's financial dealings amid growing concerns about the potential for crypto market manipulation. The inquiry may impact investor confidence in the crypto market.
Senate Democrats call for hearings into Trump’s ties to crypto amid CLARITY Act discussions
Five Senate Democrats are calling for hearings to investigate potential ties between US President Donald Trump's policies and crypto funding from the United Arab Emirates-linked entities. This move comes amid discussions on the CLARITY Act, which aims to regulate the crypto industry. The senators seek to uncover any undue influence, potentially affecting US policy decisions.
Kraken to overhaul app with AI investing assistant
Kraken is overhauling its app with an AI-powered investing assistant, set to recommend trades and personalize investing tools based on users' financial goals. This move marks a significant expansion into broader financial services, potentially increasing user engagement and retention. The revamped app will likely enhance the overall user experience and drive growth in the crypto market.
Bitcoin Treasury Firm Empery Digital Dumps Nearly Half of BTC Holdings for $87 Million
Empery Digital is selling nearly half of its Bitcoin holdings, unloading 1,400 coins since May for approximately $87 million. The Nasdaq-listed firm is using the funds to fuel an AI data center deal, cover legal bills, and other expenses. This significant sale is likely to impact the firm's treasury and its ability to hold onto its remaining Bitcoin.
US CBDC ban to go into effect without Trump signoff on housing bill
The US CBDC ban is set to go into effect without Donald Trump's signoff on the 21st Century ROAD to Housing Act, which includes a ban on a US CBDC until the end of 2030. The ban is scheduled to take effect on Saturday, as Trump confirmed he would not sign the bill.
Here’s what’s next for the Clarity Act as Congress returns to Washington
Congress is set to tackle cryptocurrency legislation next week as it returns to Washington, with the Clarity Act likely to be a priority. The bill aims to provide regulatory clarity for the industry, and its passage could have significant implications for crypto companies and investors. Market players are closely watching the development, anticipating potential changes to the regulatory landscape.
U.S. government digital dollar set to be banned tonight under housing law's CBDC limit
The U.S. government's digital dollar is set to be banned tonight under the housing law's CBDC limit, which comes into effect at midnight. The law was passed despite President Donald Trump's refusal to sign it, and its temporary ban on central bank digital currencies will be implemented. This move will likely impact the development of the U.S.
New Hampshire council votes down $100M Bitcoin bonds
The New Hampshire executive council votes down $100M Bitcoin-backed bonds after a contentious debate, with state representative Keith Ammon calling the decision "short-sighted" and urging reconsideration. The council's vote likely impacts New Hampshire's economic development, as the bonds offered a potential source of funding for infrastructure projects, now left uncertain.
Xbox CEO Joins Fed AI Jobs Task Force Days After Announcing 3,200 Layoffs
Asha Sharma, Xbox CEO, joins the Federal Reserve's AI Jobs Task Force to advise on AI's impact on employment and productivity, just days after announcing a historic 3,200 layoffs at Xbox, marking the company's largest restructuring to date. This development raises concerns about the intersection of AI adoption and job displacement in the tech industry.
SK Hynix’s $26.5 billion US listing brought to Telegram users via xStocks
Solana is now allowing users to acquire tokenized SK Hynix shares on its platform, with the South Korean chipmaker's $26.5 billion US listing being made accessible via xStocks on Telegram. This integration enables users to buy and trade the tokenized shares through Backpack and Ondo Finance, expanding Solana's decentralized finance capabilities.
Bitcoin gets a green light from a reliable momentum gauge. Here are key levels to watch
Bitcoin's long-term MACD has just flipped bullish, indicating a potential uptrend. This smoother momentum gauge is a reliable indicator, suggesting more upside is ahead. Key levels to watch include the 50-day moving average at $24,500 and the 200-day moving average at $28,500, which will decide if the bounce turns into a full-fledged uptrend, boosting investor confidence.
UK Labour MPs push to permanently ban crypto political donations
Labour MPs are gathering support for proposed amendments to a key bill that would permanently ban crypto political donations, citing concerns over money laundering and the potential influence of anonymous donors.
Polymarket seeks approval to bring margin trading to U.S. customers
Polymarket is seeking approval to introduce margin trading to U.S. customers, allowing users to take positions not fully collateralized. This move follows rival Kalshi's authorization in March. The application aims to expand Polymarket's offerings, potentially increasing user engagement and trading volumes, and could set a precedent for other U.S.-based decentralized prediction markets.
Crypto defies equity weakness as altcoin optimism builds into the weekend
Bitcoin's price is currently hitting $64,400, retesting a level it failed to penetrate on Monday, and a break higher could open the path toward the June 15 peak of $67,250. This move defies the weakness in equities, as altcoin optimism builds into the weekend, potentially signaling a shift in market sentiment and a renewed focus on cryptocurrency prices.
Ledger researchers disclose Tangem card flaw; Tangem says risk to everyday users is ‘virtually non-existent’
Ledger researchers are disclosing a critical flaw in Tangem cards, revealing a laser attack that resets passwords by bypassing a recovery-state check in the firmware, potentially compromising sensitive information. Tangem claims the risk to everyday users is 'virtually non-existent', but the vulnerability highlights security concerns in the growing market of hardware wallets and contactless payment cards.
Crypto Biz: How stablecoins found their niche
Stablecoins are carving out specialized roles as regulation reshapes the market, with some focusing on low-volatility store-of-value, others on decentralized lending, and a few on cross-border payments, each catering to unique needs. This diversification may stabilize the market, while Strategy's Bitcoin sale and Vanguard's tokenization push underscore crypto's evolving financial landscape, blurring traditional asset boundaries slowly.
Cambridge research puts 31% of Ethereum node activity in the US, where a third offline can stall finalization
Cambridge research reveals 31% of Ethereum node activity is located in the US, with a significant cluster on cloud services such as AWS, Hetzner, and OVH. This concentration raises concerns about jurisdictional and counterparty risks, as a third of these nodes being offline can stall finalization, potentially impacting Ethereum's overall network stability and security.
Kraken to relaunch its mobile app with agentic trading and advice at the center
Kraken is relaunching its mobile app with a focus on agentic trading and personalized advice, featuring autonomous AI agents that monitor markets, suggest trades, and execute transactions on behalf of users. These agents will continuously learn and adapt to user behavior and market conditions, aiming to optimize trading outcomes and enhance user experience.
Backpack joins race for 24/7 stock markets with tokenized equities
Backpack is joining the race for 24/7 stock markets with tokenized equities, expanding its platform to offer continuous trading. Tokenized stocks are one of the fastest-growing corners of crypto, with exchanges and traditional finance firms racing to expand 24/7 trading. This move is expected to boost liquidity and attract more institutional investors to the crypto market.
Empery Digital offloads 1,400 bitcoins to help fund AI pivot, pay debt
Empery Digital is offloading 1,400 bitcoins to fund its pivot into the AI sector and pay off debt. The company will utilize a portion of the proceeds to acquire a 25% stake in an AI data center campus project.
OKX, MetaMask, Matter Labs back dispute resolution court for AI agents
The Genlayer Foundation is leading a 27-firm consortium, including OKX, MetaMask, and Matter Labs, to make AI-based payments, escrow, and dispute resolution interoperable. This initiative aims to standardize AI agent interactions, enhancing security and efficiency in digital transactions. The consortium's efforts may significantly impact the crypto industry, fostering greater adoption of AI-driven solutions and potentially revolutionizing dispute resolution processes.
Binance co-CEO says 70% of EU withdrawals went to self-custody after MiCA deadline, with just 30% going to licensed platforms
Binance co-CEO Richard Teng reveals that 70% of EU user withdrawals following its service suspension moved to self-custody, while only 30% went to MiCA-regulated platforms. This shift suggests a growing preference for self-control among European users, potentially impacting licensed platforms' market share and influencing the future of EU's crypto regulatory landscape.
Will the crypto lobby's $189M campaign get CLARITY over the line?
The crypto lobby's $189M campaign is propelling the CLARITY Act forward, sparking scrutiny over its growing influence in Washington. This massive expenditure is merely one aspect of the narrative, with many questioning the true intentions behind the campaign and its potential impact on regulatory clarity, a crucial factor in the industry's future growth and stability.
Strategy Bitcoin Sales 'Mostly Noise,' Standard Chartered Says, Holding $100K BTC Call
Standard Chartered is downplaying the recent Bitcoin sales by a major treasury giant, describing them as a short-term distraction. The bank holds firm on its $100,000 year-end price target for Bitcoin, dismissing the sales as mostly noise in the market. This stance suggests confidence in Bitcoin's long-term prospects, potentially boosting investor sentiment.
MiCA licensing only the beginning as crypto custodians face scrutiny
Crypto custodians are facing heightened scrutiny as the European Securities and Markets Authority (ESMA) reviews their ability to meet MiCA security and resilience standards, a crucial step in obtaining EU licenses. Over 20 firms have already applied for licenses, with many more expected to follow, setting a high bar for security and compliance.
A16z’s Andreessen lands Federal Reserve role as AI reshapes policy debate
The Federal Reserve has named Marc Andreessen, co-founder of a16z, to co-lead an AI productivity and jobs task force under Chair Kevin Warsh's policy review. Andreessen will work alongside other experts to examine AI's impact on the economy.
Circle Stock Jumps as Stablecoin Issuer Wins Final Federal Banking Charter Approval
Circle's stock surges as the company secures final OCC approval to establish a national trust bank, bringing its $73.2 billion stablecoin under a unified federal framework. This milestone marks a significant shift for the stablecoin issuer, providing greater regulatory clarity and potentially paving the way for increased mainstream adoption and market confidence in the digital asset space.
Bitcoin whales sent BTC price to $64K as Coinbase Premium broke key level: CryptoQuant
Bitcoin whales are currently driving the price to $64K as Coinbase Premium breaks a key trend line, according to CryptoQuant analysis. The premium, which measures the difference between Coinbase and Binance prices, has surpassed a crucial level, indicating strong buying pressure from US-based whales. This surge in demand is pushing the Bitcoin price upward.
Trump Won't Sign Housing Bill With CBDC Ban—Will It Become Law Tonight Anyway?
President Trump is refusing to sign a housing bill containing a provision that bans the Federal Reserve from developing a central bank digital currency (CBDC) until 2031. Unless he vetoes the bill, it will become law at midnight, effectively delaying the development of a US CBDC for at least seven years, impacting the future of digital payments and monetary policy.
Hyundai becomes first major South Korean company to introduce internal stablecoin transfers
Hyundai is becoming the first major South Korean company to introduce internal stablecoin transfers, leveraging a broader trend of companies exploring stablecoins to streamline international operations. This move aims to enhance financial efficiency and reduce foreign exchange costs. The adoption of stablecoins is expected to increase, driving innovation in cross-border payments and potentially disrupting traditional financial systems.
Japanese lender launches Bitcoin-backed loans of up to $6.2M
Japanese lender CRYL is launching Bitcoin-backed loans of up to $6.2 million to individuals and businesses, expanding the use of BTC in lending and credit markets. This move follows other Japanese firms exploring broader uses for Bitcoin, potentially increasing mainstream adoption and paving the way for further cryptocurrency integration into traditional financial systems.
Stablecoin firm Circle wins final OCC approval to open national trust bank
Circle secures final approval from the Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank, marking a significant milestone in the US stablecoin landscape. This approval paves the way for Circle to expand its operations, with USDC reserve management planned for a later phase, further solidifying its position in the industry.
Jailed Fraudster Charged With Moving $290K in Forfeited Crypto From Prison
A convicted launderer serving time for a $5 million scheme is being charged with moving approximately $290,000 in forfeited cryptocurrency from prison, despite a court order to relinquish the assets. This alleged breach of trust highlights the ongoing challenges in enforcing cryptocurrency regulations and the need for stricter controls to prevent illicit activities within the digital asset space.
USDC issuer Circle wins final approval for US national trust bank charter
Circle receives final OCC approval for a national trust bank charter, enabling the company to offer banking services to itself and affiliates, with potential future custody services for institutional clients. This move expands Circle's financial infrastructure, solidifying its position in the digital asset space. The development is expected to boost USDC's adoption and usage.
Japan's 'invest locally' plan likely to spur demand for assets like bitcoin, gold
Japan's government is set to unveil a plan to encourage domestic investment, likely boosting demand for assets like bitcoin and gold. The initiative aims to allocate 10% of the country's pension funds to domestic investments by 2027.
Circle soars after securing U.S. trust bank approval in crypto expansion
Circle is soaring after securing U.S. trust bank approval, marking a significant milestone in its crypto expansion. This approval joins a growing list of crypto firms seeking federal banking licenses, signaling a shift towards regulated financial systems. The move is expected to increase Circle's access to traditional banking services and enhance its overall credibility in the industry.
Wall Street banks tighten prediction market rules for staff as insider fears spread
Wall Street banks, including Goldman Sachs and Morgan Stanley, are restricting employee prediction market trades on platforms like Polymarket and Kalshi due to growing insider trading fears. This move affects thousands of staff members, who are now subject to stricter rules governing market participation. Market implications include heightened regulatory scrutiny and potential reputational damage.