Crypto

Blockaid estimated about $6 million drained as Summer.fi paused Lazy Summer vaults and investigated the cause. The post New SummerFi DeFi exploit shows AI automation now sits above smart contract risk appeared first on CryptoSlate.

Another analyst outlined an 'insane' correlation between ETH and the copper/gold chart.

The move follows a June 23 exploit that has now resulted in closing down the wallet, with users urged to withdraw their assets before all functions are disabled on Aug. 3, 2026. Non-custodial multichain cryptocurrency wallet Ctrl Wallet will shut down its services, weeks after a security exploit, and told users on Tuesday to withdraw their assets within the next month. Ctrl Wallet reported a security issue on June 23 effecting some Cardano wallets on the platform and said it entered a temporary "maintenance mode" to protect user assets until its engineering team restores full functionality.  Earlier today, the wallet's operators announced that starting Aug. 3, 2026, sending, receiving, swapping funds and all other actions within the app will be unavailable, except for exporting users' recovery phrases. Read more

BTC retreated from a two-week high of $64,500 as falling open interest and weak spot demand cast doubt on the sustainability of July's 8.4% advance.

The move comes amid the ongoing regulatory push in Europe.

The Ethereum co-founder said AI recognized his intellectual habits, ending a two-week public challenge to identify an anonymous contribution he made. Vitalik Buterin has confirmed that AI-assisted analysis used by Co-Invest CEO Franklyn Wang correctly identified his anonymous contribution to an Ethereum proposal. The identification comes two weeks after Buterin publicly challenged whether current AI tools could pierce online anonymity. Wang's winning submission identified an anonymous rewrite of EIP-7503 by analyzing the way it explained mathematical and technical concepts. Read more

Bitcoin NUPL metric data suggested that BTC price action should make new cycle lows in order to preserve historical patterns. Bitcoin (BTC) has further to fall for one of its “cleanest cycle clocks” to signal a bear-market bottom, new analysis says. Key points: Read more

Strategy’s largest Bitcoin sale in years has put new pressure on the corporate treasury model that made Michael Saylor one of the most closely watched figures in digital assets. On July 6, the company, formerly known as MicroStrategy, revealed that it sold 3,588 Bitcoin for about $216 million between June 29 and July 5. Per […] The post Strategy faces $8.3 billion Bitcoin Q2 loss as Saylor sells over $200M in BTC appeared first on CryptoSlate.

Trust Wallet's CEO says the next phase of crypto won't be won by ideology, but by products that make self-custody feel as simple, safe, and obvious as mobile banking.

The Digital Chamber filed an amicus brief urging the dismissal of the New York lawsuit seeking ownership of 39,069 dormant Bitcoin wallets, arguing it would set a dangerous precedent for self-custodial wallets. Blockchain trade association the Digital Chamber filed an amicus brief in the New York lost property case seeking ownership of thousands of dormant Bitcoin addresses.  The Monday filing is the second amicus brief in the case. It opposes the claims of ownership, arguing that treating dormant wallets as abandoned property would create a “pervasive cloud on title across self-custody wallets.” Digital Chamber argues that a ruling based on the plaintiffs’ theory would undermine the “foundational principles of digital property ownership, with negative ripple effects reaching the traditional finance industry.” Read more

DOGE, ADA, and XLM are the other losers from the larger-cap alts.

Decta's report said the market cap of eight MiCA-compliant euro stablecoins rose to $673.9 million in the year before Europe’s CASP transition period ended. The market capitalization of compliant euro stablecoins grew 128% in the year leading up to the end of the Markets in Crypto-Assets Regulation (MiCA) transition period, according to payments infrastructure firm Decta. Decta said in a Sunday report that the combined market cap of eight MiCA-compliant euro stablecoins rose to $673.9 million on June 28, 2026, from $295.6 million on June 30, 2025. Trading volume rose 43.1% to $67.3 million from $47 million. The number of MiCA-compliant euro stablecoins tracked in the report also rose to eight from five over the period. Decta tracked eight euro stablecoins that were actively issuing tokens and had market capitalization and trading volume during the study period. By contrast, the European Securities and Markets Authority interim MiCA register lists a broader set, including tokens that may not meet Decta's activ...

A turf war between Treasury and Commerce over 328,372 BTC has frozen Trump's Strategic Bitcoin Reserve, with the DOJ now mediating the disputed oversight. The post Battle of the Bitcoin Reserve: Treasury-Commerce Department Infighting Delays Trump Crypto Plan appeared first on Cryptonews.

[PRESS RELEASE – Zug, Switzerland, July 7th, 2026] Premium virtual assets pioneer BTCS (Middle East) Ltd. is now fully authorized by the Financial Services Regulatory Authority (FSRA) of ADGM, enabling regulated institutional services across the UAE. Building on its position as Switzerland’s leading crypto financial services provider, Bitcoin Suisse is further accelerating its international expansion. […]

The product, called BTC Yield, is designed exclusively for people who already hold bitcoin.

Japanese bond yields continue to rise, lifting their U.S. counterparts and posing a potential headwind for risk assets.

Spot bitcoin ETFs still lost a net $526.6 million over the shortened holiday week, an eighth straight week of negative flows.

Strategy sold more Bitcoin, but Grayscale believes that the move will "restore confidence in its financing structure" and help BTC "find a more durable bottom."

One crypto trader noted the $2 million loss could have been prevented had the victim read the transaction route before signing the transaction. A trader who swapped $2.01 million worth of Ether on a decentralized exchange has been left with just $14,500 worth of tokens after a router directed the order through a low-liquidity pool, allowing an Ethereum block builder to profit massively from a same-block arbitrage trade. The trader swapped 1,126.44 of Ether (ETH) but only received 5,776 Lighter (LIT) tokens, in a “textbook case of same-block backrun extraction,” according to GoPlus Security. “This was a real, highly imbalanced backrunner arbitrage, not a classic sandwich attack,” GoPlus Security said. Titan Builder was the biggest beneficiary, walking away with $1.8 million from the transaction, which took place on Monday at 1:59 am UTC. Read more

Yield Guild Games said tough crypto and video game market conditions mean its YGG Play business is no longer commercially sustainable. Crypto gaming company Yield Guild Games says it has shut down its crypto game publishing arm, YGG Play, and will instead focus on feeding data to artificial intelligence. Yield Guild Games said Monday that it would also lay off 35 employees, adding that a prolonged crypto market downturn and a “similarly brutal” video game publishing market meant YGG Play “cannot be commercially sustainable.” It said a major market crash on Oct. 10 “fundamentally altered retail market psychology, and we do not expect the crypto consumer market or the Web3 games publishing market to recover sufficiently in the near term.” Read more