Solana Layer-2 Sonic Plans to Airdrop Tokens to Its 2 Million TikTok Users

The GENIUS Act, a stablecoin-focused bill, passed the Senate with a 68-30 vote, prompting President Trump to urge the House to swiftly follow suit. Despite Senate approval, the bill faces challenges in the House, with debates over potential amendments and concerns about conflicts of interest.

The Ohio Blockchain Basics Act, if signed into law by Governor Mike DeWine, would protect digital asset users and miners, allowing for mining in residential and industrial areas. The bill also exempts individuals involved in crypto activities from certain financial laws.

FalconX is considering an initial public offering to meet institutional demand for digital assets. The firm has discussed the IPO process with bankers and consultants but has not yet hired an investment bank. FalconX aims to raise its public profile and secure fresh capital for strategic partnerships and acquisitions.

Phantom's attorneys are contesting WIENER DOGE's creator, Liam Murphy, serving as the sole attorney for plaintiffs in a lawsuit against the popular crypto wallet Phantom. Murphy argues that his family members, who were gifted WIENER DOGE tokens, cannot afford a specialized crypto litigator.

Bitcoin is testing support levels around $104K as global tensions rattle markets across the board. Meanwhile, Aerodrome Finance, trading as AERO, has surged over 80% in June and 14.78% today. Why? A big tie-up with Coinbase that's coming soon.

The U.S. Department of Justice has filed to seize $225.3 million worth of Tether's USDT stablecoin, linked to a large-scale crypto scam involving money laundering through the OKX exchange. Tether CEO Paolo Ardoino emphasized the company's commitment to compliance in digital assets.

Bitcoin and Ethereum remained relatively stable following the U.S. central bank's decision to maintain interest rates, with BTC trading at around $104,250 and ETH showing no significant movement. The Federal Reserve's cautious approach is influenced by uncertainties in the economic outlook despite positive inflation readings.

USDP, a Solana-based memecoin, surged to a $150 million market value before plummeting 99% to $1.2 million within hours. Insider wallets manipulated the price, leading to massive profits for some and significant losses for others.

The Bank of England aims to introduce new regulations by 2026 to manage banks' exposure to cryptocurrencies for financial stability. David Bailey, an official at the Bank of England, mentioned the need for restrictive rules during a speech at Risk Live Europe in London.

Coinbase has launched Coinbase Payments, a service on its Ethereum layer-2 network Base, enabling stablecoin transactions for merchants like Shopify. The service simplifies USDC transactions for global customers, offering a gasless experience and lower transaction costs.