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Ben Armstrong, the once-prominent cryptocurrency YouTuber known as “BitBoy,” was arrested in Cherokee County, Georgia, on June 27 on six counts of harassing phone calls, according to public jail records. Key Takeaways: Ben Armstrong was arrested in Georgia on six counts of harassing phone calls and released on bond. He has remained silent publicly, with…

Binance, through the BNB Foundation, has successfully completed the 32nd quarterly token burn event for the BNB cryptocurrency. The burn operation took place precisely at 07:29:06 AM UTC on July 10, eliminating 1,595,599.78 BNB tokens from circulation, valued at approximately $1.07 million based on an average BNB price of $660.16. Source: BSC scan Remarkably, despite…

Australia’s Reserve Bank announced on Thursday the selection of 24 industry participants for the next phase of its wholesale central bank digital currency (CBDC) testing initiative. The six-month pilot will conduct 19 real-money transactions and five proof-of-concept simulations across multiple asset classes, including fixed income, private markets, trade receivables, and carbon credits. Settlement will occur…

The crypto market is up today. The majority of the top 100 coins per market cap have appreciated over the past 24 hours. At the same time, the cryptocurrency market capitalization has decreased by 0.9% to $3.45 trillion. The total crypto trading volume is at $128 billion, significantly up from $82.5 billion seen yesterday. TLDR:…

Spot Bitcoin exchange-traded funds (ETFs) have now surpassed $50 billion in cumulative net inflows, less than two years since their debut in January 2024. Key Takeaways: Spot Bitcoin ETFs have surpassed $50 billion in net inflows just 18 months after launch. BlackRock’s IBIT leads the market, now holding over 700,000 BTC. Analysts expect SEC approval…

10X Capital has launched the BNB Treasury Company, backed by YZi Labs, creating an independent US initiative for digital asset treasury management that focuses exclusively on BNB Chain ecosystem investments. The company plans to pursue a public listing on a major U.S. stock exchange, providing American investors exposure to BNB, the world’s fourth-largest digital asset…

Jack Ma-backed Ant Group is reportedly partnering with stablecoin issuer Circle Financial to bring USDC onto its blockchain platform. The move signals a deepening push by the Chinese fintech giant to expand its global footprint in digital currencies. Cirlce’s shares are up 3.8% in the pre market. Ant International, the company’s overseas unit, is expected…

The Royal Government of Bhutan transferred $23.73 million worth of Bitcoin to the Binance exchange within hours of Bitcoin reaching a new all-time high above $112,000, continuing the nation’s strategic pattern of selling during price peaks. Arkham Intelligence data shows that the government moved 213 BTC across multiple transactions, with the largest single transfer, worth…

A Chinese creditor of bankrupt crypto exchange FTX has pushed back against a proposal that could cut off creditor distributions to users in certain jurisdictions, including China. Key Takeaways: A Chinese FTX creditor is challenging a plan that could block payouts in 49 jurisdictions. Ji, representing over 300 creditors, claims $15 million across four verified…

Ripple CEO Brad Garlinghouse believes the stablecoin sector is poised for explosive growth, projecting the market could balloon from its current $250 billion capitalization to as much as $2 trillion in the near future. Key Takeaways: Ripple sees a $2 trillion stablecoin market as a realistic near-term outcome. RLUSD has surpassed $500 million in market…