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CFTC Chair Selig calls Illinois crypto tax a threat to Chicago's financial legacy
CFTC Chairman Michael Selig has accused Illinois lawmakers of putting Chicago’s future as a global financial center at risk with its first-of-its-kind state tax on digital asset transactions. Selig has accused the state of moving in the opposite direction of the federal government, pointing out that the government is working towards creating a regulatory framework...Cryptopolitan
Thu, Jul 2
Bitwise, Tiger Research both say Bitcoin's bear market is approaching its final stage
Tiger Research and Bitwise CIO are now calling the bear market bottom after Bitcoin’s price rebound into July. Bitcoin briefly climbed to a daily high of $62,200 on Binance Thursday afternoon. It now hovers around $61,400, putting a 2.49% gain in the day and 3.08% gain over the last seven days. Tiger Research analysts issued...Cryptopolitan
Thu, Jul 2
Reflect launches USDC+ recovery program as Drift and Humanity Protocol rebuild after major hacks
Three crypto projects hit by separate exploits this year are choosing different methods of moving forward, and users are currently caught in the crossfire, facing uneven odds of getting their money back. Reflect, following its exposure to the Drift Protocol exploit, opened a recovery program for its USDC+ holders on July 2, one day after...Cryptopolitan
Thu, Jul 2
Anthropic is exploring a custom AI chip and wants Samsung to make it
Anthropic is creating its own AI chip and is in talks with Samsung Electronics (KS:005930) regarding its production. This has further increased pressure on NVIDIA (NASDAQ:NVDA), which currently holds around 74 percent share in the AI chip market. The discussions are concerning Samsung’s 2-nanometer manufacturing process as well as the company’s packaging segment, which is...Cryptopolitan
Thu, Jul 2
JPMorgan says Strategy’s Bitcoin sales policy will introduce two-way risks in the crypto market
JPMorgan Chase & Co. is concerned that Strategy’s new policy of selectively selling its Bitcoin holdings will introduce new risk to the crypto market. On Monday, Strategy announced a BTC monetization program through which the company can sell a portion of its 847,363 BTC holdings to support its preferred dividend payments and buybacks. The so-called...Cryptopolitan
Thu, Jul 2
Polygon posts record 743M transactions in strong Q2 2026 showing
Polygon just closed the second quarter of 2026 with 743 million transactions, breaking the network’s all-time record with a 160% increase from the same period last year. The news was confirmed by Blockworks and Polygon team member Abhinav Sharma earlier today. Payments infrastructure driving the numbers The milestone summarizes a successful quarter for Polygon after...Cryptopolitan
Thu, Jul 2
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