
Coinbase CEO Brian Armstrong’s ResearchHub Startup Raises $5M in Funding
The Series A round was led by Open Source Software Capital with participation from Boost VC, RedHat's Bob Young and others.

Bitcoin Jumps Past $25.7K After BlackRock iShares ETF Filing
The largest cryptocurrency rose more than 1.3% in the hour after the announcement.

Man devastated after losing £42,000 in romance scam and now 'can't buy dream home'
Alexandr Gutu, who lives in Matlock, Derbyshire, was conned out of his £42,000 in life savings by someone who tricked him into thinking they were in a relationship

Exchanges pledged $2.5B to user protection funds amid FTX’s collapse: Report
Not all exchanges have disclosed wallet addresses for the funds, however.

ByBit plugs into ChatGPT for AI-powered trading tools
ToolsGPT marries ByBit’s market data with ChatGPT’s AI to generate technical analysis, price data and trading metrics.

Institutional crypto broker FPG halts withdrawals after $20M cyberattack
Floating Point Group informed customers that withdrawals had been halted after experiencing a security breach on June 11.

Bitcoin dips below $25K for the first time in 3 months
The price of Bitcoin plunged 4% as the Federal Reserve pressed pause on interest rates.

Requiring DEXs to register with SEC like other exchanges is ‘impossible,’ says Coinbase CLO
“The SEC is attempting to front-run congressional action by baking unsupported assumptions about its crypto jurisdiction into the proposed rules,” says Paul Grewal.

US senators propose bill to eliminate Section 230 protection for AI companies
The bipartisan bill purportedly seeks to hold companies accountable for harm, but it’s unclear whether Section 230 even applies to AI.

European Union AI Act passes in parliament
Member states will have the opportunity to negotiate final details before the act becomes law.

Binance applies to deregister in Cyprus, says focus is on ‘larger markets’
The Cyprus SEC lists the exchange as “Under examination for application for deregistration” on the island.

XRP Tumbles 8%, Erasing Price Gains from ‘Hinman Emails’ in Ripple Lawsuit
The token fell to as low as 46.18 cents, its lowest level this month, as crypto markets sold off Wednesday afternoon.