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Ex-US top regulator warns of conflicts of interest as Senate weighs market structure

On Tuesday, the US Senate Banking Committee’s digital assets subcommittee is scheduled to hear testimony from former regulators and industry leaders in consideration of legislation to establish a digital asset market structure framework.
In prepared testimony for the Tuesday hearing, former
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Aptos Labs, Jump Crypto launch Web3 cloud storage layer

Aptos Labs and Jump Crypto have introduced a cloud-based storage network tailored for Web3 and decentralized applications — a system its creators say rivals traditional cloud services.
Unveiled on Tuesday, the network — called Shelby — is a globally distributed platform powered by Aptos’
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Predictive intelligence is the upgrade blockchain can’t afford to miss

Opinion by: Constantine Zaitcev, CEO of dRPC.
The future of blockchain won’t be won by whoever offers the highest transactions per second. It will be won by whoever makes it feel invisible — by turning infrastructure into something so seamless and intuitive that users never have to think about it.
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Trump administration mulls executive order on ‘debanking’ — WSJ

US President Donald Trump’s administration is reportedly considering an executive order aimed at preventing banks from cutting off services to politically unfavorable industries, including cryptocurrency firms, according to a report from The Wall Street Journal, citing unnamed sources.
The move
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Bitcoin $105K 'trend switch' comes as Fed hints at July rate cut

Key points:
Bitcoin holds Middle East ceasefire gains as $103,000 becomes the new area of interest for “buying the dip.”
Institutional BTC inflows hold firm despite geopolitical uncertainty.
Fed official Michelle Bowman says she would be open to a July interest-rate cut should data allow.
Bitco
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Japan proposes reclassifying crypto, paving way for ETFs and lower taxes

Japan’s Financial Services Agency (FSA) proposed a sweeping reclassification of cryptocurrencies that would clear a path for the launch of crypto exchange-traded funds (ETFs) and introduce a flat 20% tax on digital asset income.
The proposal, introduced on Tuesday, suggests recognizing crypto as “f
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US housing agency may allow crypto assets in mortgage qualification

The United States Federal Housing Finance Agency (FHFA) will study whether cryptocurrency holdings could be considered in mortgage qualification assessments.
In a Tuesday X post, US FHFA Director William Pulte — who was nominated by President Donald Trump — said the agency is examining cryptocurren
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Turkey tightens crypto rules with source, purpose checks on transfers

Turkey is preparing to impose stricter regulations on crypto transactions to combat money laundering and financial crime, according to information obtained by the state-run Anadolu Agency (AA).
Under the proposed measures, crypto platforms will be required to collect detailed information on the
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Celestia founder dismisses FUD, cites $100M war chest amid backlash

Celestia co-founder Mustafa Al-Bassam has claimed that the team remains committed and financially equipped to weather the storm despite escalating accusations of misconduct, insider profit-taking and community mistrust.
“Despite the FUD (which is getting more ridiculous by the day), all Celestia fo
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Beware: SparkKitty malware wants your seed phrase screenshots

Cybersecurity firm Kaspersky has warned of a newly discovered malware known as SparkKitty, which steals photos from infected devices in the hopes of finding crypto seed phrases.
Kaspersky analysts Sergey Puzan and Dmitry Kalinin said in a report on Monday that SparkKitty is targeting both iOS and
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$4B family office VMS Group to begin investing in crypto: Report

A Hong Kong-based multi-family office that manages money for some of the city’s wealthiest families is reportedly venturing into the crypto industry for the first time
The firm, which has $4 billion in assets under management, is looking to invest up to $10 million in Re7 Capital strategies,
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Ethereum dev floats halving slot times to 6 secs, doubling blocks

An Ethereum developer has issued a proposal that suggests cutting the network’s block time in half — from 12 seconds to six seconds — with the aim of improving transaction confirmation time and user experience
Ethereum Improvement Proposal 7782, discussed on June 21 by core developer Barnabé
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