Hi there!
We’re only a few days into July, and we’ve got your crypto roundup ready! If you missed any major updates, don’t worry, we’ve got you covered. Catch up on this week’s top events, and don’t forget to hit the subscribe button to stay in the loop with the latest crypto news!
Enjoy!
Biggest Story
Iranian Crypto Exchange Nobitex Resumes Services After $100M Hack by Pro-Israel Group
Iran’s largest crypto exchange, Nobitex, is gradually restoring services after a $100 million hack by pro-Israel hacker group Gonjeshke Darande. Withdrawals resumed on June 30, with trading and deposits being reintroduced slowly. Access is limited to verified users, and the exchange warned against using old wallet addresses due to system migration.
The hack, driven by political motives, saw the group burn $90 million in assets and leak Nobitex’s source code. Following the attack, Iranian authorities tightened regulations on local exchanges. This incident adds to a growing trend of politically charged cyberattacks in the crypto space.
Other News Making Waves
- Four North Korean nationals have been charged with wire fraud and laundering nearly $1 million in crypto after infiltrating U.S. and Serbian blockchain firms as fake remote IT workers. (More)
- Circle has applied for a U.S. national bank charter to launch the first digital currency bank, aiming to merge stablecoins like USDC with traditional banking under federal oversight. (More)
- REX Shares and Osprey Funds are set to launch the first U.S. staked crypto ETFs for Solana and Ethereum, offering both price exposure and on-chain staking rewards through a C-corp structure. (More)
- Lido DAO has approved Dual Governance, allowing stETH holders to delay or block decisions made by LDO token holders, thereby empowering Ethereum stakers and addressing governance centralization concerns. (More)
- Roughly $20,000 in Bitcoin was mysteriously sent to an address linked to Satoshi Nakamoto, sparking speculation amid declining miner outflows and rising curiosity about OG Bitcoin activity. (More)
- Stablecoins have now surpassed Visa in total transaction volume, marking a major shift in global finance as tokenized currencies gain traction for everyday payments and cross-border transactions. (More)
- Cardano is pivoting to Bitcoin-based DeFi through new protocols like Cardinal, but founder Charles Hoskinson warns that leadership gaps threaten adoption despite technical advancements. (More)
- Spanish firm Vanadi Coffee has committed $1.1 billion to Bitcoin adoption despite ongoing financial struggles, drawing skepticism from analysts over its ability to manage crypto risks and regulatory hurdles. (More)
- Bitget and BitMart have listed NodeOps (NODE), enhancing access to the DePIN leader, whose burn-to-use model and over $5M in annual revenue position it as a rare Web3 project with real utility and enterprise traction. (More)
Around the World: Bold Moves and Crypto Regulations
- The U.S. Senate engaged in a marathon debate over Trump’s “One Big Beautiful Bill Act,” with Senator Cynthia Lummis pushing a crypto tax reform amendment exempting small transactions and delaying taxation on rewards. (More)
- Senator Cynthia Lummis has introduced a crypto tax relief amendment in the 2025 budget bill to exempt transactions under $300 and defer taxation on mining, staking, and airdrops until the assets are sold. (More)
- Malaysia’s Securities Commission is proposing a rule allowing exchanges to list qualified crypto tokens without prior approval, aiming to accelerate market access while seeking feedback on privacy coins and memecoins. (More)
- South Korea has paused the next phase of its CBDC pilot amid a policy shift favouring stablecoins, as President Lee Jae-Myung pushes for looser issuance rules and the BOK calls for cautious, bank-led innovation. (More)
Market Trends: Winners and Losers
Top 5 Gainers ????
According to data from CoinGecko, these are the five biggest gainers of the week:
- MORI COIN +320.5%, from $0.02639297 to $0.111008
- Humanity +348.4%, from $0.02050197 to $0.091945
- Nobody Sausage +225.3%, from $0.01258294 to $0.04093352
- Startup +296.9%, from $0.00897953 to $0.03565622
- Hosico Cat +221.1%, from $0.01855350 to $0.059562
Top 5 Losers ????
According to data from CoinGecko, the five biggest losers of the week are:
- MEOW –19.6%, from $0.00063734 to $0.00051251
- Liquity –23.5%, from $1.62 to $1.24
- SaaSGo –23.4%, from $0.055559 to $0.04258053
- Bitcoin SV –20.7%, from $30.90 to $24.50
- Keeta –15.8%, from $0.743386 to $0.625818
Project Spotlight
Chainlink Launches ACE to Bridge Onchain Compliance Gaps for Institutions
Chainlink has unveiled its Automated Compliance Engine (ACE), a modular framework that simplifies regulatory compliance for tokenized assets across public and private blockchains. Built with input from key institutions, ACE integrates identity solutions and automated enforcement to reduce the cost and complexity of compliance in digital finance.
Why It Matters
ACE could unlock over $100 trillion in institutional capital by making compliant digital assets viable, faster, and more cost-effective, accelerating the mainstream adoption of tokenized finance.
Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence.
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