Pennsylvania legislators introduced HB 2711 to prohibit gambling enterprises from acting as liquidity providers or market makers on prediction platforms. The proposal would set a minimum participation age of 21 and would give enforcement authority to the state Attorney General.
SparkKitty malware reached Apple’s App Store and Google Play, including an Android app downloaded more than 10,000 times. The malware scanned infected Android and iPhone photo libraries for wallet recovery phrases and sensitive information.
VC Says He Passed on Trump Family’s WLFI After Witkoff Mispronounced Memecoin
Nic Carter said he declined to advise World Liberty Financial after Steve Witkoff appeared to know little about crypto, and Justin Sun later transferred $45 million to WLFI. Justin Sun sued WLFI in April over fraud, breach of contract, and frozen WLFI tokens. The WLFI token has fallen more than 80% since it began trading on the open market last September.
Coinbase Chief Policy Officer Faryar Shirzad said China invests the most in crypto rails, and public data shows China’s digital yuan has handled about $2.37 trillion in payments. Senate action has stalled, and Majority Leader John Thune expects the bill to miss the August break.
New York Attorney General Letitia James urged Congress to strengthen the Clarity Act. James said the bill could weaken state authority over financial crime and other illegal activity.
Bitcoin BIP-110 forced signaling will open at block 961632 with current signaling support around 2.64%. The proposal would restrict certain high-data-volume Bitcoin transaction fields if activated.
Bitcoin held around $65,000 on Monday as AI-linked tech stocks came under pressure. Analysts said Bitcoin needs a break above roughly $67,300 and Ether above $2,000 to confirm a new crypto bull-market leg.
Fanatics Buys CFTC-Registered Exchange to Build Prediction Market Rails
Fanatics agreed to buy Water Street Labs and CX Clearinghouse from BGC Group as Bernstein analysts project prediction-market volumes will reach $1 trillion by 2030. Terms were not disclosed. Dune Analytics data shows prediction market trading volume stands at $48 billion so far in July.
Metaplanet’s Siiibo Deal Sets Up Bitcoin Bond Push, Benchmark Says
Benchmark analyst Mark Palmer said the market underestimated Metaplanet’s 2.1 billion yen, or roughly $13 million, acquisition of Siiibo Securities. The deal gave Metaplanet a Type-1 Financial Instrument Business Operator license in Japan. Dylan LeClair said Metaplanet wants to use the brokerage to help other Bitcoin treasury companies issue debt for BTC holdings.
Fanatics agreed to acquire Water Street Labs and CX Clearinghouse from BGC Group. Financial terms were not disclosed. The deal gives Fanatics regulated exchange and clearing infrastructure for prediction market contracts.
AMINA Bank hires Cantor to explore public market options
AMINA Bank is working with Cantor to evaluate routes to a public listing, but no structure or timeline has been decided. Two anonymous sources said AMINA currently favors a reverse takeover of a digital asset treasury company. AMINA said its immediate focus is strategic growth capital rather than a fast listing.
Bitmine Buys Nearly 10,000 ETH as Ether Outperforms Bitcoin
Bitmine said Monday it holds 5.79 million Ether, or about 4.8% of total supply, after buying nearly 10,000 ETH over the past week. Bitmine said about 4.9 million ETH, or roughly 85% of its holdings, are staked through validator operations. CoinGecko data showed ETH gained about 2.4% over the past seven days while Bitcoin fell roughly 0.7%.
Bitwise Finds Ethereum, Solana and Avalanche Busier as Prices Fall
Bitwise said Ethereum, Solana and Avalanche became busier and cheaper to use over the past year while ETH, SOL and AVAX fell by roughly half or more. A record 40.2 million ETH was staked at the end of the second quarter. Bitwise said institutional holders supplied most ETH added to Ethereum's validator pool this year.
Senator Dave McCormick urged the Senate to bring the Clarity Act to the floor for a vote. Democrats are holding back support, and a group of Democrats said last week that the current bill falls short.
Gate.io Denies Withholding Evidence in $1.7M User Theft Case
Gate.io denied claims that the exchange withheld evidence in a user’s $1.7 million crypto theft case. User Jheioff said the exchange delayed a police investigation after the account was drained on July 8. Gate.io said Jheioff’s accusations were unfounded and said missing or unverifiable documents slowed the process.
Steve Eisman sold his long-held Google position to reduce AI exposure and now holds cash. Alphabet fell about 20% from its $408.61 May 18 record high to $319.74 on July 24.
JPMorgan and Morgan Stanley lifted BlackRock targets on July 16 while BlackRock stock kept falling. The put-call ratio slipped from 1.00 to 0.98 by July 24, which tilted open bets toward a rise. Chaikin Money Flow improved but stayed below zero.
Onchain Lens monitoring shows Hyperliquid has cumulatively burned 47.3 million HYPE worth $2.68 billion. The burned amount accounts for 4.73% of HYPE maximum supply.