Elon Musk's Is Implementing Auto-Locking and Verification to Combat Crypto Scams

Coinbase has acquired Opyn's CEO and Head of Research in an acqui-hire deal, aiming to leverage their expertise in DeFi and onchain markets. The move aligns with Coinbase's strategy to focus on building the connective tissue of finance on immutable public ledgers.

Roman Storm, a creator of Tornado Cash, is set to go on trial in New York on July 14. His message to supporters expressed the weight of the situation and the collective impact on the cryptocurrency community.

On Thursday, U.S. spot Bitcoin exchange-traded funds attracted over $1.17 billion, the second-highest inflow ever, driven by institutional investment. BlackRock's IBIT led with $448.5 million, followed by Fidelity's FBTC at $324.3 million and ARK's ARKB at $268.7 million.

Ethereum surged over $3,000 for the first time since February, with U.S. Ethereum ETFs marking their biggest-ever day with inflows of $383.1 million. The move marks a reversal of somewhat negative sentiment regarding Ethereum, with analysts pointing out that its price surge "highlights that this is not just a Bitcoin-led rally" after the top cryptocurrency surged to an all-time high this week.

Florida Attorney General James Uthmeier has initiated an investigation into Robinhood Crypto for allegedly misleading customers about being the most cost-effective platform. The probe focuses on consumer protection and the platform's revenue model through payment for order flow.

Bitcoin's recent surge above $117,500 led to over $1 billion in liquidated positions, mostly shorts, causing a significant drop in open interest. Analysts warn of cracks in the derivatives market, with the spot order book remaining ask-heavy since July 8.

Nicholas Truglia has been resentenced to 12 years in prison for failing to pay $20 million in restitution to his victim after a 2018 SIM-swapping attack. Truglia missed deadlines to repay crypto investor Michael Terpin, resulting in a revised sentence exceeding federal guidelines.

Plasma has announced its XPL token sale for July 17, following $1 billion in deposits. Participants must withdraw tokens before July 14, with a 40-day lock-up period post-sale. The mainnet launch is projected for late summer.

Agora, co-founded by Nick van Eck, raised $50 million in a Series A round led by Paradigm and Dragonfly Capital. The funding will support expanding their stablecoin platform and introducing a new white-labeled stablecoin product.

Bitcoin has broken through key resistance levels, reaching new all-time highs and attracting institutional investment. Technical indicators suggest a bullish trend, with potential for further upside and consolidation at current levels. Traders are closely monitoring indicators for confirmation of trend strength and potential corrections.