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

ESMA conducted a peer review of Malta's application of the Markets in Crypto Assets (MiCA) regime, according to a report from CoinDesk, focusing on the fast-tracked authorization of an unnamed crypto firm. The review raised concerns about unresolved issues during the authorization process and the lack of thorough assessment.

Snoop Dogg's NFT release on Telegram sold out in 30 minutes, generating $12 million through the platform's blockchain-based features. Nearly one million unique NFTs inspired by Snoop's style were sold, with prices ranging from 200 to 15,000 stars.

Ant Group Co., backed by Jack Ma, is set to integrate Circle's stablecoin, USDC, on its blockchain platform through its global unit, Ant International. The timeline for this integration has not been finalized yet.

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.

Concerns were raised by senators from both parties during a Senate Banking Committee hearing about a crypto market structure bill. The bill aims to create a framework for issuing and trading most crypto assets in the US, with worries about potential loopholes and consequences.

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.