FTX Seeks Court Approval for Restricted Jurisdiction Claims as 82% of Value Comes from Chinese Users
FTX seeks court approval to dispute claims from 49 restricted jurisdictions, with Chinese users representing 82% of the value despite being only 5% of allowed claims in these regions.
Belgian court sentences three in kidnapping of crypto investor’s wife
A Belgian court sentenced three kidnappers to 12 years each for abducting a crypto entrepreneur’s wife and demanding a cryptocurrency ransom. The masterminds remain at large.
Palantir Chief to Invest in Palmer Lucky’s Crypto-Focused Bank – Coinspeaker
Palantir’s Joe Lonsdale invests in Palmer Luckey’s crypto bank Erebor, which plans to hold stablecoins and align with U.S. regulations like the GENIUS Stablecoin Act. Backed by high-profile investors, Erebor aims to serve tech and crypto ventures.
Belgium crypto kidnapping case leads to three 12-year jail sentences
Three kidnappers in Belgium received 12-year sentences for abducting a crypto entrepreneur’s wife, demanding a cryptocurrency ransom. The masterminds remain at large, and the victim’s family was traumatized.
July 14 Declared ‘Crypto Week’ by US House, 3 Bills That Could Spark Bull Run | CoinGape
The US House declares July 14-18 as Crypto Week to debate three key bills: GENIUS Act, CLARITY Act, and Anti-CBDC Act, aiming to regulate crypto and potentially spark a bull run.
Chinese Tech Giants Alibaba and JD.com Urge Central Bank Approval for Yuan-Based Stablecoins
Chinese tech giants Alibaba and JD.com are pushing China’s central bank to approve yuan-based stablecoins to counter USD dominance in digital payments and boost yuan internationalization.
Ripple applies for U.S. bank license – Next big step in crypto’s Wall Street takeover?
Ripple applies for a U.S. bank license to comply with the GENIUS Act, aiming to strengthen its stablecoin offerings. XRP’s market sentiment turns bullish as the altcoin surges to $2.3.
US House Announces July ‘Crypto Week’ – News Bytes Bitcoin News
The US House announced ‘Crypto Week’ starting July 14, featuring extensive discussions on cryptocurrency legislation and policies, as revealed by Republican French Hill.
US House Leadership Names Week of July 14 ‘Crypto Week’ – Coinspeaker
US House designates July 14-20 as ‘Crypto Week’ to advance Trump’s digital asset agenda, focusing on stablecoin regulation, market clarity, and banning Fed-issued CBDCs through key legislative bills.
Yuan vs. U.S Dollar – The race to dominate the $2 trillion stablecoin market
China’s tech giants JD.com and Ant Group are pushing for Yuan-backed stablecoins to challenge USD dominance in the $2 trillion stablecoin market, despite tight capital controls and declining Yuan usage.
