Crypto

Sanctioned Russian Stablecoin A7A5 Claims Billions in Volume, Blockchain Analysts Disagree

Core Summary According to CoinDesk, the sanctioned Russian ruble-backed stablecoin A7A5 claims to process billions of dollars in trading volume, but blockchain analytics firms say the token’s actual volumes have fallen sharply this year. This dispute highlights the core contradiction between transparency and compliance of crypto assets under sanctions. Event Details A7A5 is a stablecoin pegged to the Russian ruble, designed to provide cross-border payment channels for Russian entities affected by Western financial sanctions. The project recently publicly claimed that its platform’s monthly trading volume has exceeded billions of dollars, attempting to demonstrate its importance in the international settlement system. ...

IMF Warns: Tokenization Could Make Finance More Susceptible to Shocks

The IMF warns that tokenization technology, while improving efficiency, also increases financial system vulnerability to sudden shocks. The report calls for enhanced regulatory coordination.

Bitcoin ETFs End 10-Day Outflow Streak with $221M Inflow

US spot Bitcoin ETFs end a 10-day outflow streak with $221 million in net inflows, the strongest daily performance in nearly two months. BlackRock’s IBIT was the only fund to see outflows.

[Brief] Japan's Metaplanet Buys Another $170M of Bitcoin, Treasury Now 43,000 BTC

Japanese publicly traded company Metaplanet has purchased another $170 million worth of Bitcoin, expanding its total holdings to 43,000 BTC. It is now the world’s third-largest publicly traded Bitcoin holder.

[Brief] Japan's SBI Crypto to Shut Down Mining Pool Holding 2% of Bitcoin Hashrate

SBI Crypto, a subsidiary of Japanese financial giant SBI Group, will close its Bitcoin mining pool on July 31. The pool currently controls approximately 2% of the global Bitcoin network hashrate.

[Brief] Taiko Fully Restores Cross-Chain Bridge 10 Days After $1.7M Hack

Ethereum Layer 2 network Taiko has fully restored its cross-chain bridge operations just 10 days after a vulnerability exploit caused $1.7 million in losses. The TAIKO token has surged as much as 136%.

[Brief] US Treasury Sanctions Over 100 Crypto Addresses Linked to Extremist Group

The US Treasury sanctioned over 100 cryptocurrency addresses linked to an extremist organization that moved more than $1.4 million through Tron, Monero, and Bitcoin. Stablecoin issuers play a growing role in sanctions enforcement.

Securitize Becomes First to Debut Shares on NYSE and Onchain, Tokenizing $295 Million in Stock

Blockchain fintech company Securitize has become the first company to simultaneously list shares on the New York Stock Exchange and on blockchain, tokenizing $295 million of its own stock on Solana and Avalanche. The company president says discussions are underway to tokenize more IPOs within the next year.

Europe Rewrites Landmark Crypto Rulebook MiCA as July 1 Deadline Passes

As the July 1 hard deadline for full implementation arrives, the EU is undertaking major revisions to its landmark Markets in Crypto-Assets regulation (MiCA), reflecting the ongoing tension between regulatory ideals and industry reality.

French Banking Giant Credit Agricole Launches Euro Stablecoin EURXT

France’s Credit Agricole has officially launched EURXT, a euro-denominated stablecoin, marking a major breakthrough for traditional banking in the digital currency space.