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Riot Platforms bounces after damning report claiming collapse

Riot shares recovered from more than a 9% dip in the first hour of trading following a damning report from short seller Kerrisdale Capital. Source link

Public blockchains too ‘fragile’ for tokenization: Professor tells Congress

Allen argued that public blockchains “can’t process large volumes of transactions” — though on-chain data suggests otherwise. Source link

'Stand with Crypto' PAC hits 1 million advocates

The Stand With Crypto political action committee claims that nearly nine in 10 Americans believe the financial system needs an overhaul. Source link

Paxos International to issue regulated interest-paying stablecoin

The international arm of New York-based Paxos will issue a U.S. dollar-pegged stablecoin that will not be available in the United States. Source link

3 reasons why Bitcoin failed to break above $72K

Regulatory uncertainty and volatile macroeconomic events may weaken further upside in the BTC price in the near term. Source link

General election could delay crypto regulation by months — CryptoUK

Whether the U.K. Conservative Party maintains control of government or Labour is voted in, the House of Commons will be in recess until July 4 and during party conference season. Source link

Galaxy tokenizes violin to secure loan, NFT sales volume tumbles: Nifty Newsletter

NFTs recorded a 54% drop in sales volume, from over $1 billion in April to $624 million in May. Source link

Rushing OP_CAT on Bitcoin could come at an immense security cost

Operation Concatenate (OP_CAT) could be a game-changer for Bitcoin. But if its security risks are not diligently addressed, it could also undermine Bitcoin. Source link

Turkey denies plans to tax crypto, stock gains

Turkey has dismissed levies on profits from stocks and cryptocurrencies but is exploring a transaction tax as part of efforts to regulate the tax on financial transactions. Source link

Franklin Templeton CEO says Bitcoin investment still in early phase

CEO Jenny Johnson believes institutions will deploy a second wave into Bitcoin funds and attract the truly big players. Source link