Senators Express Concern Over Potential Loopholes in Crypto Market Structure Bill

A U.S. magistrate judge recommended dismissing Logan Paul’s former assistant from a federal class action lawsuit over the failed NFT project CryptoZoo due to lack of personal jurisdiction. The lawsuit accuses Paul and co-defendants of defrauding investors with promises of a blockchain-based game.

President Nayib Bukele of El Salvador defended the country's crypto policies and taunted U.S. Democratic senators for proposing a bill to investigate cryptocurrency use. Bukele, a strong Bitcoin supporter, has drawn criticism for his actions but remains popular in El Salvador.

OpenSea acquired Rally to enhance its mobile token trading capabilities, with Rally's co-founders joining the executive team. OpenSea aims to expand its offerings beyond NFTs and embrace a mobile-first approach in the crypto space.

Judge Failla has prohibited any mention of the Van Loon case in the upcoming trial of Tornado Cash developer Roman Storm, citing concerns about confusing the jury. The trial, set to begin on July 14, has sparked debates on the criminal liability of software developers.

BNY Mellon will serve as the primary custodian for Ripple Labs' RLUSD, a stablecoin designed for enterprise utility. With a market capitalization of $500 million, RLUSD is smaller than USDT and USDC, but the partnership reflects a positive shift in the industry.

According to an ARK Invest report, Bitcoin's on-chain momentum is currently bearish, with capital flows decreasing in the second quarter. Despite failing to reach new all-time highs since May, the number of long-term BTC holders has reached a 15-year high.

A group of crypto traders are considering legal action against Polymarket over the disputed outcome of the $242 million Volodymyr Zelenskyy suit market. Despite no current legal action, discussions with lawyers suggest a potential case against the platform.

ByBit Ukraine accidentally leaked details of Pump.fun's upcoming token sale, revealing a start date of July 12 and restrictions for European users. The sale is set to last until July 15, with tokens distributed 72 hours after it ends.

SBI Group's APLUS in Japan now allows credit card users to convert loyalty points into cryptocurrency, specifically bitcoin. Users can redeem points for small amounts of bitcoin, deposited into their VC Trade account. This feature is opt-in and limited to qualifying APLUS Points program cards.