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Crypto Payments Firm Triple-A Hit by $9.7 Million Wallet Drain
- Attackers reportedly drained over $9.7M from Triple-A hot wallets across four blockchains.
- Onchain analyst Specter flagged the outflows, with 5,227 ETH being consolidated in one address.
- The drain follows 3 hacks worth $35.55 million that hit crypto this week.
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The US-Iran Ceasefire Was an Illusion. Markets are Paying the Price
- The US-Iran ceasefire was a temporary pause that left the core disputes unresolved.
- Renewed tensions around the Strait of Hormuz are already hitting oil, shipping, insurance, and global trade.
- Bitcoin and other cryptocurrencies are falling with risk assets as liquidity pressure outweighs the safe-haven narrative.
CLARITY Act Unlikely To Pass Before August Break, Says Senate Leader
- Senate leaders doubt the CLARITY Act will pass before the August recess.
- The House passed it with 78 Democrats, but the Senate floor needs 60 votes.
- Democrats say the ethics rules are too weak to limit Trump's crypto profits.
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Crypto Exchanges Want to Be Your Broker. The Fine Print Matters
- Major exchanges like MEXC are expanding into stocks, commodities, and pre-IPO products.
- Similar-looking products can provide very different ownership rights.
- Clear disclosures and independent verification will shape user trust.
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US S&P Global PMI expected to show steady business growth in July
- The S&P Global flash PMIs for July are expected to show stable business expansion.
- Investors will pay close attention to comments surrounding input costs.
- EUR/USD remains technically bearish in the near term.
Circle Pushes a MiCA Fix That Could Bring Tether Back to Europe
- A proposed EU rule could let Tether return without launching a new coin.
- Circle's Patrick Hansen says about 99% of stablecoins are made outside the EU.
- The EU already uses this approach in insurance, banking, and other areas.
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Crypto Forensics Got Smarter, But AI Scammers Got There First
- Blockchain forensics tools have recovered an estimated $34 billion and are used by 45+ regulators as detection has genuinely improved.
- Yet 2025 crypto scam losses hit roughly $17 billion, with AI-powered scams 4.5x more profitable and impersonation fraud up 1,400%.
- The scams that do the most damage never touch the chain and that's the gap no forensic tool can close.
MiCA is Turning Europe Into a Licensing Test for Every Type of Crypto Company
- Europe’s final MiCA transition deadline has divided the crypto market between authorised providers and companies required to end their EU services.
- Licensed firms gain access to EU-wide passporting, while users face fewer platforms and possible restrictions on products outside MiCA’s scope.
- Enforcement will determine whether the common rulebook produces consistent supervision across national regulators.
