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Happy to share that *Bitnxt* is the proud *Media Partner* of *Bitmela*, India's first Bitcoin festival 🎉

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Bitnxt Merchandise
https://bitnxt.io/swag-store

Crackdown in Shanghai: Five Sentenced to Prison Over $29 Million Crypto-Forex Scheme

SHANGHAI — A Shanghai court has handed down prison sentences to five individuals involved in a sophisticated, underground foreign exchange ring that leveraged stablecoins to bypass China's strict capital controls. The operation, which managed to illegally transfer over 210 million yuan ($29 million), highlights the escalating cat-and-mouse game between Chinese regulators and underground networks utilizing digital assets to move money across borders.
The ruling serves as a stark reminder of Beijing's unwavering stance against cryptocurrency-facilitated financial crimes, coming on the heels of the newly tightened regulatory notices aimed at curbing virtual currency risks.

More: https://bitnxt.io/news/crackdown-in-shanghai-five-sentenced-to-prison-over-29-million-crypto-forex-scheme

#Shanghai #Bitnxt

Ripple's RLUSD Drives $2.5B in XRP Ledger Trading, Evernorth Reveals

New on-chain data shows RLUSD is strengthening XRP Ledger activity, surpassing $2.5 billion in trading volume while increasing XRP transactions, liquidity, and network usage instead of replacing XRP demand.

#Ripple #XRP $XRP #Bitnxt

More: https://bitnxt.io/news/ripple-rlusd-drives-xrp-ledger-trading-volume-2026

U.S. Lifts Emergency Export Controls, Allowing Anthropic to Restore Claude Fable 5

In a rapid reversal that has sent ripples through the tech sector, the U.S. government has officially lifted the emergency export controls imposed on Anthropic’s flagship artificial intelligence models. Effective immediately, global access is being restored to Claude Fable 5 and its restricted sibling, Claude Mythos 5, concluding a tense, two-week blackout that left developers and enterprise clients in limbo.

The decision represents a major sigh of relief for Anthropic and a significant de-escalation in the friction between the AI startup and federal regulators.

More: https://bitnxt.io/news/us-lifts-export-controls-anthropic-claude-fable-5-restored

#Anthropic #Bitnxt

BitMEX Shakes Up Its C-Suite, Names New CEO Amid Sale Talk

BitMEX has cleared out a significant chunk of its senior leadership team, continuing a broader push to reshape the business at a moment when reports of a possible sale keep resurfacing. According to a report from CoinDesk, the exchange has removed three top executives from their posts: chief executive Stephan Lutz, chief financial officer Ina Steiner, and chief growth officer Raphael Polansky.

Stepping into the CEO role is Peter Wilkinson, a BitMEX veteran who previously served as the company's global general counsel and chief operating officer. His move to the top job was confirmed through recent updates to his LinkedIn profile, rather than a formal company announcement, suggesting the transition is still unfolding quietly behind the scenes.

A Company That Has Cycled Through Leadership Before

This isn't the first time BitMEX has rebuilt its leadership from the top down. The exchange was founded back in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, all of whom stepped away from day-to-day management in 2020 after U.S. authorities filed criminal charges accusing the company of failing to maintain adequate anti-money-laundering controls. BitMEX later pleaded guilty to those charges.

Alexander Hoeptner took over as CEO in early 2021 following the founders' departure, before handing the role to Stephan Lutz in 2022, a transition that happened in the middle of the previous broad downturn across crypto markets. Now, just a few years later, the exchange is going through another executive reset — this time with Wilkinson, an insider rather than an outside hire, taking the reins.
The timing of this latest shake-up is notable.

BitMEX has reportedly been looking for a buyer, and trimming senior leadership is the kind of move that can help lower operating costs while making the ....

More: https://bitnxt.io/news/bitmex-new-ceo-peter-wilkinson-sale-speculation

#BitMEX #Bitnxt

Crypto tax is still a headache, but ignoring it won't stop an audit.

Robin Singh, Founder & CEO of Koinly, answered Bitnxt's questions on what crypto investors keep getting wrong:
🔹 No specific guidance ≠ no tax obligation
🔹 Exchange reports (1099-DA, DAC8, CARF) are limited and often incorrect. If you buy on one exchange, move to a wallet and sell on another, no single exchange knows your real gain or loss
🔹 DeFi, bridges, airdrops and perps: Koinly takes the conservative approach where rules are unclear
🔹 AI handles transfer matching and error detection, but for tax judgments, ask an accountant, not ChatGPT
🔹 What's coming next: tokenized stocks and on-chain AI agents running thousands of transactions

💡 Robin's one habit: review your transactions monthly, not in deadline week.

Full interview on Bitnxt 👇
bitnxt.io/interviews/robin-singh-koinly

#cryptotax #Koinly #Bitnxt #BinanceSquare

The Trump Trade: How Iran Diplomacy Became Crypto's Newest Price Lever

Trump's renewed Iran diplomacy has become a key crypto market catalyst, with easing geopolitical tensions lifting Bitcoin, lowering oil prices, and reshaping investor expectations around inflation, interest rates, and risk assets.

More: https://bitnxt.io/news/trump-iran-talks-bitcoin-crypto-market-oil-price-impact

#TRUMP #iran #Bitnxt

Citi Slashes Bitcoin and Ether Forecasts as ETF Inflows Dry Up Completely

Citi sharply cut its Bitcoin and Ether price forecasts after reducing expected spot ETF inflows to zero, citing regulatory uncertainty, weaker institutional demand, and capital rotating toward AI investments.

More: https://bitnxt.io/news/citi-cuts-bitcoin-ether-price-forecast-etf-outlook-2026

#citibank #Bitcoin $BTC #Bitnxt

Bitcoin ETF Drought Breaks: $221M Pours In as Investors Bet the Worst Is Over

U.S. spot Bitcoin ETFs recorded $221.7 million in net inflows, ending a 10-day outflow streak as Bitcoin rebounded above $61,000, signaling renewed institutional confidence despite continued BlackRock withdrawals.

#bitcoin $BTC #Bitnxt #etf

More: https://bitnxt.io/news/bitcoin-etf-drought-breaks-221m-pours-in-as-investors-bet-the-worst-is-over

SharpLink Picks Up $46.7M in Ether Through Weekend OTC Trades

The Ethereum treasury firm has now bought $62.4 million worth of ETH in three days, even as the token sits near its 2026 lows and ETF outflows stretch into a seventh straight week.

More: https://bitnxt.io/news/sharplink-buys-62m-ether-weekend-otc-trades

#SharpLink #OTC #Bitnxt

From M-Pesa to Bitcoin: How Tando Is Making Bitcoin Spendable Across Kenya

Q. Tando is named after the Asante deity of thunder and lightning. Can you tell our readers the story of how the idea came together after the African Bitcoin Conference in Ghana?

A. We went to the African Bitcoin Conference in Ghana in 2023. While we were there we learned that the Asante people have a deity of thunder and lightning called Tando. For a product built on the Lightning Network, the name picked itself. The bigger spark was a talk by Femi Longe, who said that Africans need to build Bitcoin solutions for Africans. We came home to Kenya fired up. The question we brought back was simple: M-Pesa already changed how Kenya transacts, so what if you could keep everything people love about it and just swap the money underneath for Bitcoin? M-Pesa changed payments in Kenya in 2007, Satoshi changed money in 2009, and Tando put the two together in 2024.

Q. Your research found that Kenyans want Bitcoin first as a way to pay and second as a way to save, the reverse of the West. What did you see on the ground that showed you this?

A. When we talked to people, nobody asked “what's the price going to do?” They asked “can I pay my rent with it?” In the West most people meet Bitcoin as an investment first. In Kenya, M-Pesa has trained 50+ million people to think of money as something you move with your phone, every day, for everything. So the first question is always about usefulness.

Q. For someone new to Bitcoin, how would you explain what happens behind the scenes when a user pays an M-Pesa merchant with BTC through Tando?

A. You open Tando and enter the payment the same way you would in M-Pesa: a till number, a paybill, or a phone number, plus the amount in shillings. Tando shows you a Bitcoin invoice for that amount at the current rate.

Read more: https://bitnxt.io/interviews/tando-bitcoin-mpesa

#Tando #Bitnxt

Bitcoin Climbs Back Above $60,000 as Fed's Warsh Avoids Committing to a Rate Path

Bitcoin rebounded above $60,000 after Fed Chair Kevin Warsh avoided signaling future rate moves, easing market pressure as investors weighed monetary policy uncertainty against persistent ETF outflows.

More: https://bitnxt.io/news/bitcoin-price-rises-above-60000-after-fed-warsh-comments

#BTC $BTC #Bitnxt

Solana Rolls Out New On-Chain System for Community-Led Protocol Decisions

The Solana Foundation introduced Solana Governance Proposals, enabling validators and delegators to vote on major protocol decisions through stake-weighted on-chain governance, strengthening transparency and decentralized network decision-making.

More: https://bitnxt.io/news/solana-governance-proposals-on-chain-voting-system

$SOL #sol #Bitnxt

SpaceX IPO Exposes Massive 18,712 BTC Cache

SpaceX’s IPO filing revealed holdings of 18,712 Bitcoin, making it one of the world’s largest corporate BTC holders and bringing significant institutional crypto exposure to public equity markets.

#SpaceX #Bitnxt

More: https://bitnxt.io/news/the-bitcoin-trojan-horse-spacex-ipo-exposes-massive-18-712-btc-cache

FLOKI Community Set for Monthly Telegram Q&A This Sunday — Selected Questions Earn USDT Rewards

FLOKI will host its monthly Telegram AMA on July 6, where the core team will discuss ecosystem updates, answer community questions, and share insights into upcoming developments.

#floki $FLOKI #Bitnxt
More: https://bitnxt.io/news/floki-telegram-ama-july-6-2026

Tokenized Gold Becomes Productive Collateral in Crypto Lending

Tokenized gold moved deeper into crypto lending as Aave's XAUT debt ceiling hit $25M and Arch added PAXG and XAUT loans at 75% LTV, with combined market value at $5.2B.

https://bitnxt.io/crypto-news/tokenized-gold-productive-collateral-crypto-lending

#Bitnxt

Ripple Hires LME Treasury Chief for Tokenization Push

Ripple appointed London Metal Exchange treasury head Joseph Thompson to advance its tokenization strategy, bringing 15 years of exchange, clearing and collateral experience to the company's trading and markets team.

https://bitnxt.io/crypto-news/ripple-hires-lme-treasury-chief-tokenization-push

#Bitnxt

Ripple Swell 2026 Names Matt Damon as Keynote Speaker

Ripple named Matt Damon as keynote speaker for Swell 2026 in Manhattan, combining Swell and XRPL Apex into one event with over 75 speakers and 1,500 expected attendees.

https://bitnxt.io/crypto-news/ripple-swell-2026-matt-damon-keynote-speaker

#Bitnxt