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Bybit Hack Exposed $2B Iranian Sanctions Evasion Pipeline
Dubai-based crypto exchange Bybit traced to $2B in illicit funds tied to Iran, as North Korean hackers laundered stolen ether through the platform to bypass US sanctions.
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Bitcoin Falls Below $60,000 as $650M in Longs Liquidated
Bitcoin's plunge below $60,000 triggered over $650 million in liquidations, with Ether and crypto equities also falling. Pressure from tech stocks and weak ETF demand deepened the selloff.
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World Cup prediction markets hit $6M in volume as Canada-Switzerland match captivates crypto bettors
Polymarket recorded over $6 million in trading volume on the Canada vs. Switzerland World Cup match, highlighting the growing appetite for decentralized sports betting.
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Binance Withdraws Greece MiCA Bid, Vows to Stay in Europe
Binance withdrew its MiCA license application in Greece days before the July 1 EU deadline, vowing to remain in Europe and seek authorization in another member state while assuring users of fund safety.
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Crypto Liquidations Top $967 Million as Leveraged Longs Crumble
Crypto derivatives saw $967M in liquidations within 24 hours, with Ethereum leading at $309M and Bitcoin at $246M. Long positions accounted for 88% of the wipeout, which Glassnode views as a market reset that may curb cascading declines.
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Trump Blocks Housing Bill With CBDC Ban, Demands Voter ID Law
President Trump blocks signing of a housing bill that includes a four-year ban on a Federal Reserve digital dollar, demanding action on a voter ID law first. The delay jeopardizes the Digital Asset Market Clarity Act with limited Senate time left.
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Bitcoin Hits 20-Month Low as Investor Cash Floods into AI
Bitcoin fell below $60,000 on June 24, its lowest level since September 2024. Massive ETF outflows and a pivot to AI equities have deepened the crypto sell-off.
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Kalshi Sues Illinois Over Prediction Market Ban, Setting Stage for Supreme Court Showdown
Prediction markets firm Kalshi has filed a federal lawsuit against Illinois officials, challenging a new state law that bans sports event contracts on its platform and asserting exclusive federal jurisdiction.