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Bill proposes to give Secret Service more power to pursue crypto crime

Stronger threat assessments are needed to catch “seedy financial enterprises” facilitating money laundering schemes,” US Senator Charles Grassley said. Source link

Bitcoin crashes below $53K wiping out $600M in leveraged longs

A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and otther cryptocurrencies tumbled sharply. Source link

$300B plunge: Largest 3-day wipeout for crypto in a year

The crypto market saw its largest three-day sell-off in 12 months amid weak jobs data and revived fears of a recession leading to a tumble in the equities market. Source link

Bitcoin falls into demand zone — Will SOL, XRP, KAS and AAVE follow?

Bitcoin may find buyers close to $56,000, benefitting select altcoins such as SOL, XRP, KAS, and AAVE. Source link

Bitcoin eyes $58K CME gap next as 8% BTC price rout sees longs 'rekt'

BTC price weakness takes the market below $59,000 for the first time since mid-July as “relentless” Bitcoin selling pressure persists. Source link

Bitcoin price loses $60K, but a maturing Wyckoff signal gives hope

The bullish outlook appears despite the ongoing Bitcoin sell-off, which is being led by the growing risks of a recession in the United States. Source link

Galaxy Research warns of sustainability issues for Bitcoin layer-2 rollups

The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability. Source link

Prosecutor demands jail for Crypto.com user who received $6.8M by mistake

Australian prosecutors argue that imprisonment should remain a strong possibility for the Crypto.com user who received millions because of an internal error. Source link

Criminal at Bitcoin 2024, BTC Strategic Reserve Bill, and more: Hodler’s Digest, July 28 – Aug. 3

Sen. Lummis introduces Bitcoin Strategic Reserve Bill, Bitfinex hacker shows up at Bitcoin 2024, and Trump Bitcoin sneakers: Hodler’s Digest. Source link

Microsoft declares OpenAI both ‘strategic partner’ and ‘competition’ in SEC filing

The two companies face antitrust probes in the US and EU over their partnership. Source link