CFA Report Pegs US Crypto Fraud Losses at $80.7B

Myriad has evolved from its initial beta form to launching the Myriad Protocol, a multichain protocol designed to power prediction markets everywhere. With the recent upgrade in the tech stack, Myriad is moving towards a decentralized, multichain prediction market protocol, starting with protocol support for Linea on Ethereum L2.

World, the crypto project co-founded by Sam Altman, has paused iris-scanning operations in Germany. The company is updating its legal structure and plans to launch a flagship store in Munich. Authorities in Spain and Portugal suspended World's operations due to complaints about scanning minors.

Justin Sun announced his plan to purchase $100 million worth of Donald Trump's meme coin, just days before a significant unlock of the token. Trump-owned companies control 80% of the meme coin's supply, with a scheduled release of $474 million on July 19.

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.