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Sunsetting YGG Play: Yield Guild Games Lays off 35 in Major Shift Away From Crypto Game Publishing
Yield Guild Games blamed the events of 10/10, one of the largest crypto crashes ever, for the bear market that ultimately led to the sunset of this business unit. YGG reported that 35 people will be laid off and that it will not pivot to…
Whales Open $148 Million in Leveraged Longs as Bitcoin Reclaims $64K After Strategy’s 3,588 BTC Sale
Three whale wallets opened nearly $149 million in leveraged bitcoin and ether longs as BTC climbed back above $64,000, onchain tracker Lookonchain reported, just a day after Strategy disclosed its $216 million sale. Big Money Leans Long…
Trader Turns $2 Million of ETH Into $14,208 as Lighter Token Rallies 53%
A crypto trader swapped 1,126.44 ETH worth $2.01 million for just 5,776 LIT valued at $14,208 on Sunday, wiping out nearly $2 million in a single onchain transaction. The blunder landed as Lighter’s token entered Coingecko’s top trending…
CLARITY Act Misses Trump’s July 4 Target as Window to Pass Shrinks to 25 Days
The Digital Asset Market Clarity Act was not signed into law by Independence Day as the White House had targeted, leaving roughly three working weeks between the Senate’s July 13 return and the Aug. 7 recess to pass the crypto industry’s…
Bitcoin Reclaims $63K as ETF Inflows Return and a Short Squeeze Clears the Bears
Bitcoin printed $63,835 today after reclaiming $63,000 for the first time in two weeks, as U.S. spot ETF inflows returned and a squeeze on bearish traders reversed most of the market’s late-June damage. Trading Higher Bitcoin traded as high…
Vanadi Coffee’s Bitcoin Pivot Soured by Exorbitant Board Fees and Shareholder Revolt
Vallecid, a tourism conglomerate that owns nearly 10% of Vanadi’s shares, has filed a petition to renew the board of directors and to monitor the fees some of its members collect each time a financial transaction is executed, which can…
Crypto Traders Compete for 600K USDC, Private Island Grand Prize via Deribit Contest
Deribit and Signalplus opened registration for a five-week trading competition offering a prize pool that scales up to 600,000 USDC. The contest, called “The Island,” starts tomorrow on July 6 at 08:00 UTC and runs through August 10 at…
Kenyan Treasury Pushes 30% Reserve Requirement as Stablecoin Firms Warn of Higher Costs
Kenya’s National Treasury and cryptocurrency exchanges are in a standoff over a proposed regulation requiring stablecoin issuers to hold at least 30% of their asset reserves in local commercial banks. Protecting the Local Market…
“Everything is Ready”: Russia Finalizes Preparations for Nationwide CBDC Rollout
Elvira Nabiullina, Governor of the Central Bank of Russia, stressed that the main banks and large retail businesses were “ready for the widespread use of the digital ruble. The rollout of Russia’s CBDC is programmed for next September. …
UAE Central Bank Clears DDSC for VARA Platforms, Bringing Dirham Stablecoin to Consumers
The Central Bank of the UAE has granted a no-objection certificate to the dirham-backed stablecoin DDSC, allowing it to list on regulated exchange platforms. Federal Oversight and the Retail Transition The UAE dirham-backed stablecoin DDSC…