The Block

The DOJ will drop charges against a man accused of involvement in the BitClub crypto Ponzi scheme. A former contestant on 'The Apprentice' is among those urging the DOJ to dismiss the case.

Congress returns to Washington next week to address cryptocurrency legislation before the midterm election calendar begins. The focus is on advancing the Clarity Act as part of this legislative agenda.

SK Hynix’s $26.5 billion US listing is being brought to Telegram users via xStocks. Tokenized SK Hynix shares on Solana can be acquired through Backpack, xStocks, and Ondo Finance.

Empery Digital sold 1,400 bitcoins to fund an AI pivot and pay debt. Part of the proceeds were used to acquire a 25% stake in an AI data center campus project.

Kraken is relaunching its mobile app with autonomous AI agents that monitor markets, suggest trades, and execute transactions on behalf of users.

Binance co-CEO Richard Teng stated that 70% of EU user withdrawals after the service suspension moved to self-custody wallets, while 30% went to MiCA-regulated platforms. The figures reflect user behavior following the EU's MiCA regulatory deadline.

Standard Chartered maintains its $100,000 bitcoin price target for 2026 and attributes the recent selloff in Strategy's STRC pivot to a signaling problem rather than a solvency issue.

Stablecoin firm Circle has received final approval from the Office of the Comptroller of the Currency (OCC) to establish the First National Digital Currency Bank. The company plans to manage reserves for its USDC stablecoin in a later phase.

Ledger researchers disclosed a laser attack vulnerability in Tangem cards that bypasses firmware recovery-state checks to reset passwords. Tangem claims the risk to everyday users is 'virtually non-existent'.

New Hampshire's $100 million bitcoin bond proposal failed to pass the final vote. Governor Ayotte supported the proposal, describing it as an innovative way to bring more investment opportunities to the state.

Revolut has integrated its crypto exchange, Revolut X, with AI assistants including Claude, Gemini, OpenClaw, and Cursor. This integration allows users to analyze, backtest, and execute trades using AI prompts.

Federal inmate Rossen Iossifov faces new charges for allegedly taking $290,000 in government-forfeited cryptocurrency. The U.S. Department of Justice (DOJ) is prosecuting the case.

Cathie Wood’s Ark Invest purchased $14 million worth of Circle shares while selling Robinhood stock. Circle Internet Group's stock fell 1.65% during Thursday's trading, with a one-month decline of 20.2%.

UK Labour MPs are advocating for amendments to a key bill that would permanently prohibit cryptocurrency political donations. They are seeking support for this proposed change.

North Carolina has passed a bill recognizing the Commodity Futures Trading Commission's (CFTC) authority over prediction markets. The state's new law imposes a 6% tax on prediction market platforms' net trading fee revenue linked to North Carolina residents.

Polymarket has filed applications to offer regulated margin trading in the US. Its rival platform, Kalshi, previously received US regulatory approval for the same service in March.

Bitwise claims Bitcoin's 'floor is rising' as institutions purchase during the bear market dip, while larger investors await regulatory clarity. The article notes the AI boom and regulatory delays as factors influencing market dynamics.

Coinbase Chief Legal Officer Paul Grewal steps down but remains in an advisory role. He joined the firm in mid-2020 to lead legal, compliance, and government relations operations.

The Ethereum Foundation's Protocol Security team uses coordinated AI agents to test critical network infrastructure. While the AI agents identify bugs, most findings are false positives.

The White House defended Trump’s regulatory appointments amid criticism from Democrats over unappointed commissioners at regulatory agencies. CFTC vacancies are complicating efforts to advance a crypto-related bill.