Good Morning,

Here's a quick preview of today’s content: A new update form Arkham on yesterday’s Bitcoin whale that sent the space in a spin, US courts finally lets the Tornado cash case to rest, Pumpfun plans to launch its coin next week, Spain’s second-largest bank has launched a Bitcoin and crypto trading and custody service, Turkey shuts down PancakeSwap, and so much more

Happy Tuesday – Let’s dive in.

Market Snapshot

  • Bitcoin's weekend rally was reversed Monday, slipping to $107,700 during the U.S. session

  • ETH and SOL also headed lower, while XRP outperformed. President Trump set 25% tariffs against Japan and South Korea, while delaying the due date for trade deals overall from July 9 to August 1

    • The president also threatened additional tariffs on countries aligning with BRICS policies

  • The Nasdaq and S&P 500 indexes were lower by about -1% on Monday, while yields on 10-year U.S. Treasury bonds also headed higher, nearing +4.4%

Market Predictions

  • Bettors on Kalshi are predicting how high Bitcoin will get this year – trade your predictions on a range of events, only on Kalshi

  • Sign up with code LIT and get a $20 bonus when you trade $100

Headline Roundup
The major headlines driving crypto markets

  • Jack Dorsey launches a Bluetooth messaging app called ‘Bitchat’ that doesn't use the internet and users are already sending BTC (DM)

  • U.S. Secret Service builds global network to combat crypto crime, expands international collaboration (BBG)

  • Solana-based memecoin generator Pump.fun plans to list its $PUMP token on July 12 – all the details of the launch here

  • U.S. appeals court allows Tornado Cash sanctions legal battle to come to an end (TB)

  • Arkham links recent 80K BTC whale transfer to a Bitcoin address upgrade (TD)

  • Robinhood’s new tokenized equities are being scrutinized by Lithuania’s central bank, its lead regulator in the EU (CNBC)

  • Bit Digital swaps entire treasury into Ethereum with $173M splurge, now a top public ETH holder (TB)

  • Real estate firm Murano to build Bitcoin treasury through $500M equity deal (CD)

  • Drake casually mentions Bitcoin in new track “What Did I Miss?” fueling crypto buzz on X (CT)

  • Ethereum co-founder Vitalik Buterin promotes copyleft software publishing to foster open-source innovation (TB)

  • Robinhood and OpenAI could lead coming equity tokenization wave, says Bernstein (TB)

  • Vitalik Buterin proposes 16.77M gas cap to protect Ethereum from DoS risks (TD)

  • TON Foundation seeks VP of marketing following backlash over UAE golden visa program (TB)

  • Semler Scientific adds 187 more Bitcoin, now holding over 4,600 BTC (BM)

  • Russia to establish a nationwide crypto mining registry to regulate the sector (TB)

  • Nakiki SE to become Germany’s first public company with a pure Bitcoin treasury strategy (BM)

  • CleanSpark mined 685 Bitcoin in June, worth over $74M at current prices (BM)

  • Solana matches all other blockchains combined in MAUs, according to Artemis data (CD)

  • Gate.io removes countdown page for Pump.fun’s official token sale without explanation (CT)

  • Crypto miner Bit Digital jumps +26% after converting Bitcoin reserves into Ether (CD)

Venture Capital

  • Paradigm leads $11.5M round in Kuru Labs, a hybrid decentralized exchange combining CLOBs and AMMs (TB)

  • Venture capital funding in crypto rose in June after a multi-month slump (BW)

M&A Announcements

  • AI giant CoreWeave to acquire Bitcoin miner Core Scientific in $9B deal (DE)

Launches

  • BBVA launches Bitcoin trading for all retail customers in Spain (BM)

  • Strategy launches STRD stock program to incentivize long-term holders and contributors (TB)

Regulation

  • Ukraine’s Zelensky blocks Russian crypto Telegram channels in new sanctions package (TD)

  • Dubai approves first tokenized money market fund, setting RWA milestone for the region (CD)

  • Turkish government blocks access to PancakeSwap and several other crypto websites (CT)

Cybersecurity

  • UK court sentences two men to prison for $2M crypto cold-calling scam (CT)

  • Nigerian scammer posed as Trump associate Steve Witkoff, stole $250K in crypto from political donor (CD)

  • Belgium sentences three men to 12 years in prison for crypto-related kidnapping scheme (CT)

  • Solana trading bot GitHub repo spreads malware in latest crypto phishing scam (CT)

Extra Reads

Chart of the Day

Bitcoin has never been stable for this long during a bull market

Meme Dump

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