White House: Crypto Industry Could Reach $20 Trillion After Stablecoin Regulations
White House digital asset advisor Bo Hines said that the digital asset industry in the US could reach a scale of $15 to $20 trillion after stablecoin regulations come into effect. He emphasized that tokenized stocks, global dollar channels, and real-time financial infrastructure would make the US a leader in crypto and fintech.
Trump to Begin Sending Letters on Tariffs on July 5
U.S. President Trump announced that letters regarding new tariffs to be imposed on the U.S.’s trading partners will begin to be sent on July 5. Approximately 10 countries are expected to receive letters each day. Trump set July 9 as the deadline for negotiations.
David Sacks: July 14 Week to Be “Crypto Week”
The White House’s “crypto czar” David Sacks announced that the House of Representatives will take up crypto legislation during the week of July 14. While the GENIUS Act is being prepared for submission to the president, the CLARITY Act will be presented to the Senate. This week could be a critical threshold for the US in terms of digital asset regulation.
Turkey Blocks Access to a DEX for the First Time: PancakeSwap Banned
The Capital Markets Board (SPK) has blocked access to PancakeSwap for providing unlicensed crypto services. This decision marks Turkey’s first enforcement action against decentralized exchanges (DEXs). CryptoRadar was also banned under the same decision.
Experts say this move could set a precedent for other DEXs such as Uniswap.
Microsoft Suspends 3,000 Accounts Belonging to North Korean IT Workers
Microsoft announced that it has suspended approximately 3,000 Outlook and Hotmail accounts created by North Korean IT workers as part of its fight against global fraud activities. These individuals were conducting infiltration activities at Fortune 500 companies. This step was taken in coordination with US and international law enforcement agencies.
Ripple and Tenity Launch XRPL Accelerator Program in Singapore
Ripple has launched an accelerator program in Singapore in collaboration with Tenity to support XRPL initiatives in the Asia-Pacific region. Selected early-stage projects will receive up to $200,000 in funding. The program aims to support regional innovation.
USDC Treasury Minted 5.5 Billion USDC on Solana in Q2 2025
According to SolanaFloor data, the USDC Treasury minted a total of 5.5 billion USDC on the Solana blockchain in the second quarter of the year. This highlights the progress Solana has made in integrating stablecoins for institutional use.
Ethereum Foundation Provides Three-Year Support to Argot Collective
The Ethereum Foundation announced that it will provide three years of operational funding to Argot Collective, which develops the Solidity language and other infrastructure tools. This support aims to ensure the sustainability of Ethereum’s open-source development vision.
Three People Sentenced to 12 Years in Prison in Belgium for Crypto Ransom Case
The Brussels Criminal Court sentenced three defendants to 12 years in prison for kidnapping the wife of a crypto entrepreneur in December 2024. The defendants had demanded cryptocurrency from the victim’s family. The court also ordered the payment of 1 million euros in compensation.
by Darkex Research – 1 min read
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