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The Bitcoin Policy Institute, along with White & Case, refuted a lawsuit seeking ownership rights to 3.7 million Bitcoin worth nearly $274 billion, as the judge postponed the ruling until July 14.
The Bitcoin Policy Institute (BPI), a nonprofit research organization, has officially filed a motion to intervene in defense of its interests as a defendant in a lawsuit aimed at establishing ownership over approximately 3.7 million Bitcoin. The lawsuit was filed in the Supreme Court of the State of New York’s County, where the plaintiffs, led by a person named Noah Doe, argued that the Bitcoin that has not been transferred for many years should be considered abandoned property under state law.

Apple accuses OpenAI of stealing hardware secrets from more than 400 former employees, as Elon Musk and Sam Altman publicly traded insults on X.
A few days ago, Elon Musk showed particular excitement when Apple sued OpenAI, accusing the AI company of stealing confidential hardware knowledge to develop new consumer devices. Since then, Elon has continuously publicly expressed his support for Apple in the lawsuit on X. According to the lawsuit, Apple said that more than 400 former employees of the company later joined OpenAI, and it named former design director Tang Tan as a key figure.

The São Paulo court rejected Coinbase's argument about self-custody and ordered it to pay $100,000 in damages to customers who lost crypto assets.
The São Paulo state court (TJSP) in Brazil has just ordered Coinbase to reimburse about 507,000 Brazilian reais (equivalent to $100,000) to an investor named Joubert, after rejecting the exchange's claim that its self-custody mechanism helps the company avoid liability when users' assets are stolen.

The IRS has not yet clarified how to tax World Cup prediction contract transactions, while new regulations effective from 2026 only allow a 90% deduction of gambling losses.
The U.S. Internal Revenue Service (IRS) has not yet determined whether Americans trading contracts related to the World Cup on prediction platforms must pay taxes as gamblers or as investors. The lack of a clear answer means that two people who both place money on a specific match outcome may have to pay potentially significant tax differences, depending on how their activities are classified.

OpenAI, Meta, and SpaceXAI all race to cut the cost of token usage as businesses tighten control over their AI budgets.
The competition between OpenAI, Meta Platforms, and SpaceXAI is fierce—not only in model evaluation scores, but also in the pricing of artificial intelligence services for enterprises.
This week, companies have rolled out their latest models one after another, while also committing to improve performance but reduce the cost of usage to meet increasingly strict budget-control requirements from businesses. This year, some companies previously allowed employees to use AI continuously and competed over who could consume the most units of code (tokens); this phenomenon is called “token-maximization.”

CRYL launches a Bitcoin-collateralized loan in Japan with a maximum limit of 6.2 million USD, an interest rate of 3.5-7%, expanding the credit market secured by tokenized assets.
Japan’s CRYL lending organization has just rolled out Bitcoin-collateralized loans with limits of up to 1 billion yen, equivalent to about 6.2 million USD, allowing individuals and businesses to raise fiat currency funds without needing to sell the BTC they currently hold.

The U.S. Department of Justice is reportedly withdrawing charges against Matthew Goettsche, the suspect in the $722 million BitClub fraud case, even though three co-defendants have pleaded guilty.
The U.S. Department of Justice (DOJ) is reportedly moving to drop charges against Matthew Goettsche, the founder of BitClub Network, a purported cryptocurrency asset mining platform accused of defrauding investors of $722 million between 2014 and 2019.

An IMF study shows that USD-pegged stablecoins improve access to foreign currency but can amplify waves of capital flight from the domestic currency during an exchange-rate crisis.
A new research document published by the International Monetary Fund (IMF) says that USD-pegged stablecoins could improve access to foreign currency in economies that operate fixed or tightly managed exchange rate regimes, but at the same time may increase the risk of a run on the domestic currency when exchange-rate pressures become severe.

Michael Saylor and Adam Back criticize BIP-110, proposing to accept only 1% support in cycle 475, amid Ordinals activity falling sharply from the 2023 peak.
Strategy CEO Michael Saylor and Blockstream CEO Adam Back continue to publicly oppose BIP-110, a controversial temporary fork proposal within the Bitcoin development community.
Proposal to improve Bitcoin number 110, introduced in December 2025, aims to limit the inclusion of Ordinals contents with characteristics similar to non-fungible tokens (NFTs) and other arbitrary data types that are believed to cause network congestion, thereby protecting Bitcoin’s core function as a peer-to-peer electronic cash system.

Rossen Iossifov is accused of transferring 290,000 USD in crypto assets that were seized by the court, while serving a prison sentence for a $5 million money laundering case.
A Bulgarian man, currently serving a prison sentence for involvement in one of the large-scale cryptocurrency money laundering cases that was previously prosecuted in the United States, has now been indicted again, accused of carrying out an additional plot from within a federal prison.

Xbox Director Asha Sharma joins a Fed working group studying the impact of AI on jobs, as Xbox cuts 3,200 employees.
Just days after announcing the largest restructuring in Xbox’s history, CEO Asha Sharma has joined a working group of the U.S. Federal Reserve (Fed) to study how artificial intelligence and other emerging technologies could reshape jobs, productivity, and the broader economy.

Circle receives approval to establish a national trust bank from the OCC, shares rise 8.4%, and puts $73.2 billion USDC into a federal framework.
Circle has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to form a national trust bank, a move expected to shift the stablecoin issuer’s operations from a state-by-state regulatory framework to a nationwide regulatory framework.

Apple sues OpenAI and two former employees, alleging the theft of designs and supplier data to support ChatGPT’s hardware ambitions.
Apple has filed a lawsuit against OpenAI and two former employees in the U.S. Federal District Court for the Northern District of California, alleging that the company that developed ChatGPT used stolen trade secrets to support the development of consumer hardware. The individuals named are Chang Liu, a former senior systems electrical engineer at Apple, and Tang Yew Tan, a former head of iPhone and Apple Watch design. The defendants also include the OpenAI Foundation, OpenAI Group PBC, and io Products.

Empery Digital sold 1,400 BTC, raising $87.1 million to reduce debt, invest in AI data centers, and pay litigation costs.
Empery Digital Inc., a company listed on Nasdaq, has sold nearly half of the Bitcoin in its reserve since the beginning of May. According to filings submitted to the U.S. Securities and Exchange Commission (SEC) this week, the company sold 1,400 BTC since May 7 at an average price of about $62,200 per coin, bringing in a total of approximately $87.1 million before expenses.

Hong Kong’s SFC requires crypto asset platforms to implement anti-phishing authentication within 12 months, amid spoofing attacks that caused $366 million in losses in the first half of 2026.
The Hong Kong Securities and Futures Commission (SFC) on Thursday issued new requirements for anti-phishing authentication methods for virtual asset trading platforms (VATPs) and online brokerage firms in this special administrative region.

Polymarket filed an FCM registration application through PM Derivatives LLC, paving the way for margin trading in the U.S., while Kalshi has been approved by the NFA since March.
Polymarket has submitted an application to offer regulated margin trading in the U.S., a move that could allow users of the prediction-market platform to place bets on events with upfront capital that is only a fraction of the typical amount.
Under the BASIC system of the U.S. National Futures Association (NFA), Coming Home GBA LLC, an affiliated entity of Polymarket, filed an application to register as a futures contract broker (FCM) along with related approvals through PM Derivatives LLC on July 3, including FCM registration, NFA membership status, and swap enterprise registration.

North Carolina recognizes the CFTC’s exclusive authority over prediction markets, imposing a 6% tax—far lower than the 23% rate for sports betting.
On July 7, Governor Josh Stein signed Senate Bill 257 as part of the state’s 2026 budget bill, making North Carolina one of the first states in the U.S. to officially recognize federal authority over prediction markets.

MoonPay brings MoonAgents to Telegram, enabling market analysis and preparation for cryptocurrency asset trades while on the go; data is stored on the users' devices.
MoonPay is bringing its AI asset token assistant, MoonAgents, to Telegram, allowing users to interact with MoonAgents through this messaging platform, the company said on Thursday. According to Kevin Arifin, head of product at MoonPay Agents, the integration was developed based on the MoonAgents desktop app, enabling users to access the AI assistant when they are away from their computers.