The US President disclosed earning more than $1 billion from crypto ventures amid discussions of a digital asset market structure bill in Congress and legislation to ban CBDCs awaiting his desk. US President Donald Trump has responded to criticism of his 2025 financial disclosures, showing that he earned $1.4 billion in income from crypto-related ventures while in office. In a Thursday interview with CNBC’s Joe Kernen, Trump said that there was “nothing illegal” and “nothing wrong” with profiting from his crypto investments as president. He claimed that other people were responsible for his investments and he didn’t “even know who they are,” not directly answering questions about perceived conflicts of interest as president. Donald Trump (left) and Joe Kernen (right). Source: CNBC Read more
The European regulator said companies cannot circumvent EU financial rules by marketing binary-style products as event contracts rather than derivatives. The European Securities and Markets Authority (ESMA) has warned that many prediction market contracts may already fall under existing restrictions on binary options, saying companies cannot avoid financial regulations simply by marketing them as "event contracts." In a public statement on Friday, the regulator reminded companies that event contracts meeting the definition of financial instruments are already prohibited from being marketed, distributed or sold to retail investors under national measures implementing ESMA's 2018 binary options restrictions. ESMA said the assessment depends on a contract's characteristics rather than how it is marketed, adding that event contracts with binary outcomes and fixed payouts are likely to qualify as financial instruments subject to the restrictions. Read more
Strategy authorizes Bitcoin sales, Open USD takes on USDT and USDC, Fidelity defends Bitcoin security and crypto ramps up political spending for 2026. For years, Michael Saylor’s Strategy built its brand around a simple mantra: Buy Bitcoin. Never sell. This week, that narrative changed. The company authorized up to $1.25 billion in Bitcoin sales under a new capital framework. At current prices, that equates to roughly 21,000 BTC that could eventually hit the market — a reminder that even Bitcoin’s most committed corporate holder isn’t immune to the realities of capital management. This week’s Crypto Biz explores how the digital asset industry is entering a more pragmatic phase, where ideological purity is giving way to financial discipline. It also examines the intensifying stablecoin race as issuers compete for reserve yield, Fidelity's latest defense of Bitcoin's long-term security model and the crypto industry’s growing political influence ahead of the 2026 US midterm elections. Read more
Bitcoin set new highs for July after the Dow Jones and global stocks market cap set new all-time highs before the US Independence Day holiday. Bitcoin (BTC) saw new July highs on Friday as bulls kept pushing over the US holiday period. Key points: Read more
Lawyers and industry executives expect EU regulators to enforce MiCA differently as unauthorized crypto companies are required to wind down operations. The European Union’s cryptocurrency industry has entered a new enforcement phase as the transition period under the Markets in Crypto-Assets (MiCA) regulation came to an end. The end of the transition means crypto companies without MiCA authorization can no longer legally serve EU clients and are expected to wind down operations or face multimillion-euro fines and other enforcement action. Industry executives and lawyers told Cointelegraph the next challenge is ensuring national regulators apply the bloc’s single rulebook consistently, even as supervisory approaches are expected to vary across member states. Read more
Upbit said it only expressed interest in potentially joining the OpenStandard ecosystem in the future, as several South Korean firms distanced themselves from the OUSD initiative. South Korean crypto exchange Upbit said it is not participating in the issuance of Open USD, after its operator Dunamu was named among more than 140 businesses involved in the new stablecoin initiative. “Upbit has only indicated our potential willingness to consider taking part in the future expansion of the OpenStandard ecosystem,” an Upbit spokesperson told Cointelegraph. The clarification follows similar pushback from Samsung Electronics and other South Korean companies listed by Open Standard. Read more
Belgian authorities say a European phishing gang stole over $572,000 from victims before laundering the proceeds through cryptocurrency. Belgian authorities arrested a 19-year-old suspected of being a key figure in a European phishing and money-laundering network that stole more than 500,000 euros ($572,000) using fake government emails and phone calls to trick victims into installing remote-access software. Authorities detained the suspect in an Airbnb in Antwerp, where a second suspect was also found. The Federal Judicial Police launched the investigation in March 2026, when phishing attacks became a priority in the region, according to a Thursday police report. The main suspect was brought before an investigating judge, who issued an arrest warrant. The gang used money mules and cash carriers and laundered the proceeds through cryptocurrencies. Read more