Crypto News
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National Sheriffs’ Association takes neutral stance on CLARITY Act
The National Sheriffs’ Association has moved from opposing the CLARITY Act over consumer-protection concerns to a neutral stance, saying it will allow the legislative process to continue, Cointelegraph reported.
Cointelegraph
IMF Revises View on Funding Behind El Salvador’s Bitcoin Growth
The IMF now attributes growth in El Salvador’s Bitcoin holdings to donations, reversing its assessment from a year ago that the reserve total was unchanged and coins were merely moved between government wallets.
Decrypt
FinCEN Links $12.7 Billion to Crypto Scams Operating From Asian Compounds
FinCEN has tied $12.7 billion to crypto scams run from Asian compounds, Decrypt reports. Monthly reported sums rose 18% on average, while the operations now appear to be spreading beyond Southeast Asia.
Decrypt
OpenAI Commits $1 Billion to Cyber Defense After Astra Zero-Day Breakthrough
OpenAI is putting $1 billion behind cyber defense and subsidizing access to its Daybreak platform after saying Astra can find previously unknown software flaws and turn them into working attacks.
CoinDesk
Bitcoin Gains Ground on Gold as One Coin Buys More Than 18 Ounces
Bitcoin now buys slightly more than 18 ounces of gold, the strongest bitcoin-to-gold ratio since January. CoinDesk linked the joint rally in both hard assets to concerns about inflation reducing government debt burdens.
CoinDesk
Standard Chartered Adds Spot Bitcoin and Ethereum Trading to Dubai FX Platform
Standard Chartered has added institutional spot trading for Bitcoin and Ethereum to its Dubai FX platform. CoinDesk reports that the cryptocurrencies are available through the bank’s existing eFX infrastructure used for dollar and euro trading.
CoinDesk
Bitcoin’s next $80,000 breakout has $47 billion more profitable supply to absorb
Glassnode data shows 68% of Bitcoin’s circulating supply is profitable near $77,381, up from 65% in May. The increase represents roughly 600,000 BTC, valued at about $47 billion, that could be sold at a gain.
CryptoSlate
Yen Strength Supports Bitcoin as Dollar Weakens
A stronger yen is contributing to broad U.S. dollar weakness and a lower Dollar Index, a backdrop that is currently supporting bitcoin and gold, CoinDesk reports.
CoinDesk
Crypto’s Primary-Election Gains Shift Attention to November Vote
Fairshake-backed candidates, including Massachusetts incumbent Auchincloss, have won primary contests, according to CoinDesk. Crypto’s political influence now faces its next test in the U.S. general election in November.
CoinDesk
X Acknowledges Unrequested Password Reset Emails as Breach Questions Grow
X engineers have acknowledged a wave of password reset emails that users did not request. However, the company has not confirmed that its systems suffered a new data breach, leaving the cause unresolved.
Decrypt
Strategy Returns to Bitcoin Buying While Raising Cash
Strategy is buying Bitcoin again while also purchasing STRC and raising cash, Decrypt reports. The company’s combined actions put market reaction in focus, with Bitcoin as the main asset affected by the update.
Decrypt
UK Crime Agency Freezes $13.6M Sorare Payment to Premier League: Report
The UK's National Crime Agency reportedly froze Sorare's $13.6 million payment to the Premier League. It was the first payment under a $163 million deal, as the Messi-backed fantasy card game faces a gambling prosecution.
Decrypt
Saylor’s $2 Billion Capital Loop Highlights New Claims on Bitcoin Ownership
CryptoSlate examined Michael Saylor’s $2 billion capital loop, saying it preserves Bitcoin self-custody while supporting layered claims that finance Strategy’s balance sheet and reshape views of BTC ownership.
CryptoSlate
