PLUS: Mantle Network is mulling a $200 million ecosystem fund for its new layer-2 blockchain.
Coindesk
Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ BIS Tells G20
Central bankers, wary of displacing their own fiat currencies, pointed to the past year’s prominent hacks and collapses.
UK Regulator Ramped Up Campaign Against Crypto ATMs in May and June
The financial watchdog conducted inspections in conjunction with the South West Regional Organized Crime Unit and the police forces of Greater London, Bedfordshire and Hertfordshire.
Bitcoin NFTs Back in Spotlight as Ordinals Cross 3.5M Inscriptions
Bitcoin Ordinals, a method of generating non-fungible tokens (NFT) through a process called inscribing, debuted in January, bringing the NFT and smart contract narrative to the Bitcoin blockchain.
China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle’s Allaire Says
Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post.
Crypto Catalyst Watch: June CPI, PPI Readings Hold the Spotlight
The CPI sank to 4% in May and has been trending downward, although the Federal Reserve seems likely to follow through on an intended rate hike later this month.
First Mover Asia: Individual Wallets Holding 1 Bitcoin Hit All-Time High as BTC Maintains $30K
PLUS: Binance.US has a free money problem, but there’s not enough trust in the platform to exploit it.
Bitcoin Falls Below $31K After Late Monday Surge
The head of research for digital asset manager 3iQ wrote that the largest cryptocurrency by market capitalization is still riding tailwinds from multiple spot bitcoin ETF filings and other June events.
Apple May Not Like It, but ‘Zapple Pay’ Finds Workaround for Bitcoin Tipping on Damus
The new third-party payment service claims to be independent of the Damus iPhone app that Apple has tried to restrict, and lets users tip one another on any app that runs on the Nostr protocol.
Crypto Startup Arkham Has Apparently Been Doxxing Users for Months
The company had already angered the crypto community Monday with a service that unmasks anonymous crypto users. Then came allegations it used an easy-to-decipher method for hiding customers’ email addresses.