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Kamala Harris chooses Minnesota Gov. Walz as US presidential running mate

Minnesota Governor Tim Walz has previously advocated for more stringent crypto regulations to ensure the stability of the legacy financial system. Source link

Transak becomes first US crypto on-ramp to enable wire transfers

Wire transfers in the world’s largest economy could attract more high-net-worth individuals to crypto. Source link

Euro stablecoin market surges under MiCA

French and Irish fintech companies have partnered to introduce a euro-backed stablecoin. The coin will launch on the Stellar blockchain a month after MiCA stablecoin laws were enacted. Source link

Robinhood suspends 24-hour trades for 8 hours

Robinhood’s 24-hour execution venue, Blue Ocean ATS, has its own risk controls to prevent stocks from trading more than 20%. Source link

Bitcoin speculators realize $850M losses in sub-$50K BTC price dump

Bitcoin short-term holders sell BTC at a loss to an extent rarely seen in history — but “diamond hands” contribute just $600,000. Source link

India demands $86M from Binance in unpaid GST taxes

Binance faces a demand for nearly $86 million in unpaid GST from Indian authorities, aiming to resume operations after a previous ban. Source link

Bitcoin trading volume recorded post-halving ATH as crypto market bled

Bitcoin trading volumes reached unprecedented levels amid market turmoil, while crypto hackers capitalized on discounted Ether. Source link

Cathie Wood’s ARK resumes Coinbase buying as BTC drops below $50K

ARK Invest is back to buying the Coinbase stock after a long selling period. On Aug. 5, ARK bagged 28,632 COIN shares for $5.4 million. Source link

UK body proposes property category for crypto assets, SEC sued over status of NFTs: Law Decoded

The Law Commission’s final report urges UK government to reclassify crypto assets, addressing current legal gaps. Source link

SEC pushes back against Coinbase's 'overly broad' discovery requests

The regulator claims that Coinbase’s document discovery requests are overly broad and disproportionate to the needs of the case. Source link