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Germany's Bitcoin wallet drops to 5,800 BTC after major sale

With 5,800 Bitcoin remaining, the German government has successfully sold 88.4% of the original 50,000. Source link

UK Law Commission sees no need for DAO-specific legal entity

The UK Law Commission scoping paper suggested legal reforms for DAOs, a review of the Companies Act and international cooperation on AML and tax frameworks. Source link

Germany has 9K Bitcoin left just 3 weeks after it started selling

Germany’s Bitcoin stack briefly dipped below 5,000 BTC after sending a mass of funds to Coinbase, Bitstamp, and Kraken but has since moved some back. Source link

Singapore ‘not ready’ for Bitcoin ETFs, sneaky crypto mining rig importer: Asia Express

Singapore isn’t in a rush to list crypto ETFs, according to SGX CEO this week as Philippines charges two over a $6M XRP hot wallet hack. Source link

US senators strike deal to push ban on lawmaker stock trading

A bipartisan group of 20 US senators has reached a new agreement on legislation that would ban all members of Congress from trading stocks. Source link

IREN tumbles after short seller calls miner ‘Prius at the Grand Prix’

Crypto miner IREN, formerly known as Iris Energy, fell 24% on the Nasdaq following a short-seller report. Source link

Bitcoin index falls to ‘extreme fear’ as BTC fails twice to breach $60K

Bitcoin’s fear and greed index has tumbled to “extreme fear” for the first time since January 2023, as BTC struggles to reclaim a crucial price level. Source link

US lawmaker asks Congress to treat Binance exec in Nigeria as a ‘hostage’

Rep. Rich McCormick called on the US government to formally declare Tigran Gambaryan as a hostage if his criminal case in Nigeria was not resolved by mid-July. Source link

Bitcoin price struggles as investors expect Fed interest rate cuts — Why?

Bitcoin price is stuck in a downtrend even though investors are betting on Fed interest rate cuts. What gives? Source link

Judge has ‘strong views’ about Coinbase inquiry into Gensler’s private msgs

Judge Katherine Polk Failla said she would hear from SEC and Coinbase lawyers on July 15 whether SEC Chair Gary Gensler’s private communications on crypto were fair game. Source link