Drift Attempts On-Chain Negotiations With Suspected North Korean Hackers After $285 Million Exploit

New York Attorney General Letitia James has raised concerns about the U.S. Senate's stablecoin bill, urging Congress to enhance innovation while protecting the banking system. She proposed regulating stablecoin issuers as banks and requiring them to be domiciled in the U.S.

Hut 8 Corp.'s subsidiary, American Bitcoin Corp., raised $220 million in a private stock placement with accredited investors, including $10 million in Bitcoin. The funding will be used to increase Bitcoin reserves and buy more mining equipment, following a Rule 506 exemption from SEC registration.

Bitcoin Cash (BCH) surged 15% in a week, hitting a seven-month high at $519.10. The rally, driven by whale activity, outperformed the overall crypto market cap, which dipped 2.8%.

Bella Protocol's Token Yugijo coin flip game offers a transparently fair and verifiable experience, contrasting the unpredictable nature of trading meme coins. The game, built on Ethereum layer-2 network Optimism, aims to provide entertainment and a break from the chaos of crypto trading.

Coinbase's shares dropped 2.1% following the U.S. Supreme Court's decision and ARK Invest's $95 million share sell-off. The Supreme Court's refusal to hear Coinbase's appeal in Harper v. Faulkender and ARK Invest's rebalancing contributed to the decline.

Mastercard is expanding its crypto presence by hiring two senior leaders for digital assets and blockchain roles in the U.S. The Vice Presidents will focus on strategic partnerships in the digital asset sector and collaborating with financial institutions on blockchain uses.

Do Kwon's legal team and prosecutors requested a two-week extension to file pre-trial motions, despite claiming readiness. The judge approved the extension, allowing discussions to continue until July 15. The legal team also has until December 1 for expert disclosures.

Botanix, a Bitcoin-based layer-2 blockchain, aims to support DeFi applications by incorporating Ethereum's design elements. The network is decentralized, with a federation of node operators to prevent central control. Projects like Dolomite and GMX are debuting on Botanix, offering decentralized exchange and lending services.

MARA Holdings currently holds 49,940 Bitcoin worth close to $5.3 billion, with 15,534 BTC pledged as collateral. The company won 211 blocks in June but faced a 25% decline due to weather-related issues. MARA aims to increase its hash rate to 75 exahash by year-end.

The hashrate, a measure of computational power on a proof-of-work blockchain, is crucial for mining and transaction processing. Analysts noted a decline possibly due to seasonal factors, with some operators in Texas maintaining over 80 EH/s. Bitcoin mining profitability has been on the rise, with daily block reward revenue increasing by 7% last month.