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Paxos Singapore Stablecoin Push Shows Yield Products Are Moving Into Regulated Wrappers
Stablecoins are no longer just about holding a digital dollar. Paxos launching USDGL in Singapore shows how issuers are trying to move into regulated yield-bearing products without losing the trust that stablecoin usersNewsBTC
Wed, Jul 8
Paxos Singapore Stablecoin Push Shows Yield Products Are Moving Into Regulated Wrappers
Stablecoins are no longer just about holding a digital dollar. Paxos launching USDGL in Singapore shows how issuers are trying to move into regulated yield-bearing products without losing the trust that stablecoin usersNewsBTC
Wed, Jul 8
KuCoin UAE Alliance Deal Points To The Gulf’s Growing Crypto Infrastructure Ambitions
The Gulf’s crypto ambitions are not slowing down. KuCoin’s partnership with a UAE crypto alliance adds another exchange-level move to a region that has spent the last few years trying to turn regulatory openness into insNewsBTC
Wed, Jul 8
KuCoin UAE Alliance Deal Points To The Gulf’s Growing Crypto Infrastructure Ambitions
The Gulf’s crypto ambitions are not slowing down. KuCoin’s partnership with a UAE crypto alliance adds another exchange-level move to a region that has spent the last few years trying to turn regulatory openness into insNewsBTC
Wed, Jul 8
XRP extends decline as muted on-chain activity, bearish technicals weigh
Ripple (XRP) continues to trade under heavy selling, trading below $1.10 at the time of writing on Wednesday. The remittance token marks four consecutive days of declines, weighed down by geopolitical tensions and significantly low risk appetite.
Fxstreet
Wed, Jul 8
Pi Network Price Forecast: PI crashes to a record low amid broader market stress
Pi Network (PI) price edges toward $0.1000 at press time on Wednesday, extending losses for the fifth straight day. Retail sentiment remains bearish as Open Interest and the funding rate decline. The technical outlook for PI is bearish as selling pressure mounts, despite oversold conditions.Fxstreet
Wed, Jul 8
Meta’s Muse Image pulls public Instagram photos into AI unless users opt out
On July 7, Meta unveiled Muse Image, which is the first independent image generation model from Meta Superintelligence Labs (MSL). The new image generation capabilities are already incorporated into the Meta AI app, Instagram, and WhatsApp. Facebook and Messenger will gain the same feature in the coming weeks. Interestingly, a new default setting will enable...Cryptopolitan
Wed, Jul 8
SEC advances crypto regulatory agenda with proposals on token offerings, custody, market structure
The US Securities and Exchange Commission (SEC) on Tuesday unveiled an expansive crypto regulatory agenda for 2026. The regulator outlined plans to formalize oversight of digital assets through new rules governing token offerings, custody, trading platforms and broker-dealer operations.Fxstreet
Wed, Jul 8
Crypto Market Overview: Bitcoin slips below $63,000 – Zcash and Polygon extend gains
Bitcoin (BTC) trades below $63,000 at press time on Wednesday, risking a steeper correction amid resurfacing tensions between the US and Iran. Zcash (ZEC) and Polygon (POL) have maintained a steady recovery over the last 24 hours, hinting at an extended breakout rally.
Fxstreet
Wed, Jul 8
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC faces renewed selling, ETH weakens, XRP risks deeper losses
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) face renewed selling on Wednesday, extending their corrective move so far this week. BTC faced rejection at $64,000, and ETH failed to break above the 50-day Exponential Moving Average (EMA).
KOR Protocol secures $7.5M from 1kx and Blockchain Capital to build AI-era IP infrastructure
Crypto capital is renewing its commitment to the complex relationship between AI and intellectual property. KOR Protocol has announced that it acquired $7.5 million in Series A financing led by 1kx and Blockchain Capital with a valuation of $100 million. It is working on creating an on-chain platform that will be used for registering creative...Cryptopolitan
Wed, Jul 8
CFTC charges North Carolina man over $14 million crypto fraud
U.S. Federal regulator, CFTC, has accused a North Carolina man of running a Ponzi-like scheme for almost four years, collecting more than $14 million from about 60 investors, some of whom trusted him with a large share of their savings. The Commodity Futures Trading Commission filed the civil complaint on Tuesday, according to a CFTC...Cryptopolitan
Wed, Jul 8
B.C. attorney general moves to sue OpenAI over the Tumbler Ridge school shooting
The province of British Columbia has engaged lawyers from both Vancouver and California to take legal action against OpenAI in connection with the Tumbler Ridge mass shooting on February 10 in which eight people were killed. Niki Sharma, attorney general of B.C., confirmed this during a news conference in Vancouver on July 7th, identifying CFM...Cryptopolitan
Tue, Jul 7
Bitcoin holds above $60K after weakest first-half performance in years
Bitcoin (BTC) has shown strength over the past week, rising above the $63,000 level, but the rally remains fragile until exchange-traded fund (ETF) inflows expand in the upcoming trading sessions, according to Wintermute.Fxstreet
Tue, Jul 7
Onsemi to sell two chipmaking plants to cut production costs amid selloff
Onsemi (ON Semiconductor) has agreed to sell two of its manufacturing facilities as part of a broader effort to reduce operating costs and improve gross margins, the chipmaker announced on Tuesday. The company expects the sales to generate approximately $35 million in annual cost savings. Production plant sales on different timescales Onsemi plans to sell...Cryptopolitan
Tue, Jul 7
Payward asks Delaware court to enforce $22M award against Kraken's ex-auditor
Payward, the parent company of crypto exchange Kraken, has asked the Delaware Court of Chancery to enter final judgment against Mazars USA, moving to collect a $22 million arbitration award it won against the accounting firm that quit its audit in late 2023. A confidential arbitration, decided by a retired judge, produced the award. Kraken...Cryptopolitan
Tue, Jul 7
AI data centers push Rush Belt manufacturers power costs to record levels
Manufacturers across the US industrial heartland are taking up record electricity costs as AI data centers crowd onto the same regional grid, with one Ohio brickmaker watching a single monthly charge climb from $1,600 to $12,000, according to a Reuters review of energy data and interviews with about a dozen firms. This rising cost is...Cryptopolitan
Tue, Jul 7
Bank of England warns against increased financial risks due to AI
A collapse in AI share prices could remove a total of 2.2 percentage points from the UK’s economic output, the Bank of England said in its financial stability report on Tuesday. The BOE warned investors and lenders fully sized into tech exposure that the AI trade is ballooning. Governor of the Bank of England Andrew...Cryptopolitan
Tue, Jul 7
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