Market Brief – 24h
Bitcoin gained 1.46% but the session’s alpha lay in AI-exposed miners. Mining stocks rallied on multi-billion-dollar AI infrastructure deals and a pivot to cloud compute, per Cointelegraph, lifting sector sentiment. Altcoins outperformed broadly: INJ surged 5.14%, ADA +3.1%, HYPE +2.99%, ETH +2.2%, SOL +1.95%, XRP +1.79%. The standout laggard was US, collapsing 13.67%, while GPU dipped 0.59%. BTC +1.46%, ETH +2.2%, SOL +1.95%, USDC flat. Mining equities benefited from a sector rotation toward AI compute infrastructure, with multi-billion-dollar contracts driving a rerating. Broad altcoin strength contrasted sharply with the US token’s collapse.
Clarity Act Odds Fall to New Low amid Patrick Witt’s Leave & Warren’s Ethics Rules Push
The probability of the Clarity Act being signed this year has decreased due to political hurdles and ethics disputes.
Thailand Mount Major Anti-Crypto Crackdown: We’re Coming For Your Stablecoins
Thailand's central bank and SEC are launching a major crackdown on stablecoin transactions, specifically targeting USDT.
Bank of Thailand Flags Abnormal Stablecoin Trades in 'Grey Economy' Crackdown
The Bank of Thailand is cracking down on the 'grey economy' after flagging abnormal stablecoin transfers used to evade scrutiny.
Chinese Prosecutors Float Treating Crypto Mixer, Privacy Coin Use as Sign of Money Laundering
Chinese prosecutors are proposing that the use of crypto mixers and privacy coins be treated as evidence of money laundering.
Bank of Thailand audits high-volume stablecoin trades to crack down on illicit finance: report
The Bank of Thailand is auditing high-volume stablecoin trades, specifically USDT, to combat illicit finance.
Crypto News Today (July 10): BTC Loses $63K Support, Thailand Tightens Stablecoin Regulation, and Eric Trump’s American Bitcoin Avoids Nasdaq Delisting
Bitcoin fell below $63,000 amid negative ETF flows and tighter stablecoin regulations in Thailand.
Thailand Targets Stablecoins and Cash in Sweeping Anti-Money Laundering Push
Thailand's central bank is implementing strict anti-money laundering controls on high-volume stablecoin transactions and large cash deposits.
Bank of Thailand targets USDT and cash flows in gray money crackdown
The Bank of Thailand is targeting USDT and cash flows to crack down on illicit gains from Chinese-affiliated scam centers.
Combating Illicit Flows: Thailand Implements Strict New Checks on High-Volume Stablecoin Trades
Thailand is implementing strict checks on high-volume stablecoin trades to combat the country's shadow economy.
Thailand Tightens Oversight of Large USDT Transactions as Central Bank Targets Shadow Economy
Thailand is tightening oversight and verification requirements for large USDT transactions to combat the shadow economy.
Thailand Wants to Audit USDT Transactions in New Crackdown
Thailand's central bank is planning audits of USDT transactions and large cash deposits to combat the grey economy.
Pakistan crypto chief seeks dialogue after scholar rules against crypto payments
Pakistan's virtual-assets regulator is seeking dialogue following a scholar's ruling against the use of crypto for payments.
Bitcoin Exchange Flows Plunge 91% as Binance’s EU Exit Reshapes Market Liquidity
Bitcoin exchange‑to‑exchange flows dropped 91% after Binance exited the EU under MiCA rules.
São Paulo Court Rules Against Coinbase in Landmark Case Over $100K Self-Custody Hack
São Paulo court ruled against Coinbase in a $100k self‑custody hack case, setting a potential liability precedent.
Analyst Predicts There Is No Scenario Where MSTR and COIN Stock Avoid a Major Drop
An analyst predicts a major price drop for MSTR and COIN stocks as their growth narratives have allegedly broken.
Empery Digital shares rise after selling Bitcoin treasury to fund AI data center project
Empery Digital sold its Bitcoin treasury to fund an AI data center project following shareholder pressure.
‘Bitcoin Is Over’: Former Meta and Google Engineer Warns of Quantum and Miner Time Bombs Affecting BTC
Former Meta and Google engineer Patrick Shyu warns that quantum computing and declining miner incentives pose long-term threats to Bitcoin.
IMF Paper Warns Dollar Stablecoins Can Trigger Currency Crisis
An IMF working paper warns that dollar-denominated stablecoins could trigger currency crises in economies with overvalued fixed exchange rates.
Nationwide Crypto Betting Crackdown Rocks Brazil: Inside Operation Veil of Maya
Brazilian Federal Police dismantled an illegal money laundering ring using shell companies and cryptocurrency in Operation Veil of Maya.
Ransomware Hacker Pleads Guilty After $15M Bitcoin Extortion Scheme
A Ryuk ransomware operator pleaded guilty after extracting over $15 M in Bitcoin from U.S. victims.
‘The stacking continues,’ says unfazed Eric Trump despite $600M Bitcoin venture wipeout
Bitcoin treasury firms are utilizing reverse stock splits to avoid Nasdaq delisting following significant losses.
‘70% of funds went to unregulated wallets’- Binance CEO warns MiCA amplifies risk
Binance CEO warns that MiCA regulations may amplify risks, noting that 70% of funds went to unregulated wallets.
Senate Democrats call for hearings into Trump’s ties to crypto amid CLARITY Act discussions
Senate Democrats are seeking hearings to investigate potential foreign influence on President Trump's crypto policies.
New Hampshire council votes down $100M Bitcoin bonds
The New Hampshire executive council voted against a proposal to issue $100 million in Bitcoin-backed bonds.
Silo Pharma (SILO) Stock: Shares Plunge 28% After $4 Million Private Placement
Silo Pharma shares dropped 28% following the announcement of a $4 million private placement and issuance of warrants.
Trump Just Made Passing the CLARITY Act More Politically Expensive
President Trump's refusal to sign a housing bill has created a legislative bottleneck that may delay the passage of the CLARITY Act.
XRP News: Former SWIFT Exec Denies Integration Rumors, XRPL’s Independent Path Still Bullish?
A former SWIFT executive denied rumors of an integration between the global bank messaging network and the XRP Ledger.
USDC Stablecoin Issuer Circle Accused of Refusing to help Scam Victims: Report
Circle is accused by law enforcement of refusing to cooperate in recovering funds for scam victims.
UK Parliament Debates Permanent Ban on Crypto Donations
UK Labour MPs are proposing a permanent ban on cryptocurrency donations to political parties and candidates.
New Hampshire’s $100 million bitcoin bond proposal fails to pass final vote
New Hampshire's proposal for a $100 million bitcoin bond failed to pass its final vote.
Bitwise Crypto Market Records Longest Losing Streak Since 2022
Bitwise reports the crypto sector's third consecutive quarter of negative returns in Q2 2026, the longest losing streak since 2022.
Binance CEO Says 70% of EU Withdrawals Moved to Self-Custody After MiCA Exit
Binance CEO reports that 70% of EU users moved funds to self-custody after the exchange paused services due to MiCA licensing issues.
UK Labour MPs push to permanently ban crypto political donations
UK Labour MPs are pushing amendments to permanently ban cryptocurrency political donations.
Operation Veil of Maya: Brazilian Police Dismantle Massive Illegal Betting and Crypto Money Laundering Ring
Brazilian police dismantled a massive illegal betting and crypto money laundering ring involving 87 companies.
JPMorgan Warns: Private Bank Blockchains Threaten Bitcoin (BTC) More Than Strategy Sales
JPMorgan warns that the adoption of private, permissioned blockchains by financial institutions poses a greater structural threat to Bitcoin than corporate sales.
JPMorgan: Private Blockchains Pose Greater Risk to Bitcoin Than Strategy’s BTC Sales
JPMorgan analysts argue that private blockchain infrastructure for bank deposits and RWA tokenization could diminish demand for public blockchains like Bitcoin.
Spot XRP ETFs Record Largest Outflow Since March
Spot XRP ETFs experienced their largest daily outflow since March, with a net loss of $7.29 million on July 8.
Circle Accused by New York and Wisconsin Prosecutors of Hindering USDC Recovery for Scam Victims
Circle is accused by New York and Wisconsin prosecutors of hindering the recovery of stolen USDC for scam victims.
Senator Elizabeth Warren slams CLARITY Act as a ‘ticket to sanctions evasion’
Senator Elizabeth Warren criticized the CLARITY Act, claiming it could facilitate sanctions evasion, potentially delaying the crypto market structure bill.
SKYAI nears October 2025 lows as manipulation concerns weigh on sentiment
SKYAI price is approaching October 2025 lows amid growing concerns over market manipulation.
Circle Faces Legal Challenge Over Alleged Refusal to Help Recover Stolen Crypto
Circle is facing legal challenges from Wisconsin prosecutors for allegedly refusing to help recover funds stolen in a crypto scam.
New Hampshire snuffs out trailblazing state-government bitcoin bond effort
New Hampshire's executive council rejected a proposed state-government bitcoin bond project.
Binance CEO Says MiCA Is Backfiring as EU Users Move Beyond Regulators’ Reach
Binance CEO Richard Teng claims EU's MiCA rules are driving users toward self-custody rather than licensed competitors.
Cathie Wood Warns Ripple-Backed OUSD May Not Challenge USDT, USDC
Cathie Wood doubts Ripple-backed OUSD can challenge USDT/USDC due to entrenched liquidity and integration advantages.
Private Blockchains Are Bigger Bitcoin Risk Than Strategy BTC Sales, JPMorgan
JPMorgan warns private blockchains pose a greater long-term threat to Bitcoin than ETF-driven BTC sales.
JPMorgan Says the Real Threat to Bitcoin Isn’t Strategy (MSTR) — It’s Private Blockchains
JPMorgan analysts suggest private blockchains pose a greater structural threat to Bitcoin than MicroStrategy's market activities.
Solana (SOL) FUD Hits 2026 High: Why It Could Be a Bullish Twist
Solana is experiencing its highest level of negative market sentiment of 2026 as price momentum fades and trading volume drops.
‘Tools for scammers’- Tennessee’s crypto ATM ban hits record 10K uninstallations
Tennessee's ban on crypto ATMs has led to a record 10,000 uninstallations of related software.
UK Labour Lawmakers Demand Total Ban on Cryptocurrency Political Donations
UK Labour lawmakers are calling for a total ban on cryptocurrency donations to political entities.
UK politicians mull permanent crypto donation ban in wake of Nigel Farage scandal
UK politicians are considering a permanent ban on cryptocurrency donations following a political scandal.
New Hampshire Council Rejects $100 Million Bitcoin-Backed Bond
The New Hampshire Executive Council rejected a proposal for a $100 million Bitcoin-backed bond.
Labour MPs Push to Make UK Crypto Donation Ban Permanent
UK lawmakers are pushing to make the current ban on cryptocurrency donations to political parties permanent.
Scammers Drain $68,000,000,000 From 15,100,000 Americans in 2025, According to Gallup Survey
A Gallup survey reports that 15.1 million Americans lost an estimated $68 billion to scammers in 2025.
Circle Refused to Recover a Scam Victim’s USDC, Wisconsin’s Criminal Complaint Says
Wisconsin prosecutors filed a criminal complaint against Circle for allegedly refusing to recover stolen USDC tokens.
ESMA MiCA Stablecoin Guidelines Put Non-Euro Tokens Under A Tighter European Lens
ESMA has finalized MiCA guidelines that impose stricter oversight on non-euro denominated stablecoins operating within the European Union.
Strategy (MSTR) Stock: Are Preferred Shares Offering 16% Yields a Smart Investment?
MicroStrategy's preferred shares have declined in value amid a Bitcoin downturn, raising questions about the firm's long-term dividend viability.
Morning Minute: Paradigm Raises $1.2B Fund as Crypto’s Top VC Pushes Into AI
Paradigm raises $1.2B for AI-focused investments while BTC ETF flows turn negative and BNB Chain pivots toward AI agents.
Peter Schiff: Bitcoiners Are In Denial About Strategy’s BTC Sale
Peter Schiff argues that MicroStrategy's decision to sell some Bitcoin removes the price floor for the asset.
XRP ETFs See Sharpest Outflow Since March
XRP ETFs experienced a $7.29 million net outflow on July 8, marking one of the sharpest daily declines of the year.
India’s Central Bank Backs Crypto Ban as Tax Department Warns of Evasion
India's central bank supports a crypto ban while the tax department warns against offshore exchange trading.
SEC Retail Fraud Group Puts Digital Asset Promotions Under A Sharper Consumer Lens
SEC’s new Retail Fraud Group intensifies scrutiny on digital asset promotions, increasing compliance risks for projects.
SEC Retail Fraud Group Puts Digital Asset Promotions Under A Sharper Consumer Lens
SEC’s new Retail Fraud Group intensifies scrutiny on digital asset promotions, increasing compliance risks for projects.
Trump–Iran Tensions & Robinhood Chain Weigh On XRP
XRP is facing downward pressure due to geopolitical tensions between the U.S. and Iran and the launch of Robinhood Chain.
Malaysia Seizes Over 75,000 Crypto Mining Rigs in Power-Theft Crackdown
Malaysian authorities seized over 75,000 crypto mining rigs during a crackdown on electricity theft.
US-Iran War Update: Trump Signals More Strikes on Iran Tonight After Declaring Ceasefire Over
Bitcoin price fell below $62,000 following escalating geopolitical tensions between the US and Iran.
Reserve Bank of India Intensifies Campaign Against Cryptocurrency Amid Tax Enforcement Concerns
The Reserve Bank of India is intensifying its campaign to exclude cryptocurrencies from regulated financial systems due to tax compliance and sovereignty concerns.
India’s RBI Pushes Crypto Ban as Tax Officials Flag Offshore Risks
India's RBI and tax officials are pushing for a crypto ban, citing risks from offshore trading and stablecoin impacts on monetary sovereignty.
CFTC charges commodity, crypto pool operator with $14M fraud
The CFTC has charged a commodity pool operator with defrauding investors of over $14 million in a crypto-related enforcement action.
CFTC Charges North Carolina Man Over $14M Crypto and Futures Pool Fraud
The CFTC charged Trevor Vernon and Argent Capital Management for a $14 million fraudulent crypto and futures pool.
Europe’s MiCA Did Not Approve a Single Asset Under This Category
No companies have been approved to issue asset-referenced tokens under Europe's MiCA regulation two years after its implementation.
Germany Sends More Bitcoin To Kraken And Coinbase As Selloff Fears Persist
Germany transferred more seized Bitcoin to Kraken and Coinbase, fueling fears of continued state-level selling.
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