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Chinese Prosecutors Propose Legal Framework Targeting Crypto Mixers and Privacy Coins

An opinion piece in the official newspaper of China’s Supreme People’s Procuratorate proposes that courts should presume criminal intent when suspects utilize crypto mixers or privacy coins. The authors recommend establishing a national-level platform to custody and liquidate seized digital assets through compliant auctions, navigating China’s domestic crypto ban. The legal framework seeks to standardize blockchain...

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Strategy Boosts Cash Reserves to $3 Billion, Forgoing Bitcoin Purchases for Third Week

Strategy Inc. raised $467 million last week through its at-the-market equity program, choosing to boost cash rather than buy cryptocurrency. The company’s U.S. dollar reserve reached a record $3 billion, providing a liquid buffer to cover fixed corporate obligations and preferred stock dividends. Its core treasury remains at 843,775 BTC, making this the third consecutive week without additional Bitcoin acquisitions. Corporate treasury...

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Robinhood Chain Hits Top Five With $3.1 Billion DEX Debut Driven by Meme Coins

Robinhood Chain brought in roughly $3.1 billion in cumulative decentralized exchange volume during its first seven days following its July 1 launch. The early speculative frenzy was heavily fueled by meme coin trading, with more than 16,000 new tokens hitting the network in a single day. BitMine Chairman Tom Lee noted that the platform’s reliance on ETH as its native gas token underscores Ethereum’s growing central role in the...

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Bitcoin’s BIP-110 Faces Near-Certain Failure as Miner Support Stays at Zero Ahead of Deadline

Bitcoin’s BIP-110 Faces Near-Certain Failure as Miner Support Stays at Zero Ahead of Deadline

BIP-110, a proposed temporary soft fork to limit non-financial data like inscriptions, heads toward an early August deadline with miner signaling below 1% and currently at zero. Strategy’s Michael Saylor and Blockstream’s Adam Back publicly oppose the measure, arguing it turns a spam debate into a dangerous consensus change that could invalidate valid transactions. Node adoption remains in the low single digits, making a...

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Circle Secures OCC Approval for National Trust Bank, Bolstering USDC Infrastructure

Circle Secures OCC Approval for National Trust Bank, Bolstering USDC Infrastructure

Circle (NYSE: CRCL) received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to charter First National Digital Currency Bank, N.A., operating as Circle National Trust. The national trust bank will initially provide fiduciary digital asset custody for Circle and affiliates, with plans to expand to select institutional clients like banks and regulated entities. Approval strengthens the...

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