Crypto Stocks Hit Twice After Clarity Act Halts Advancement In Senate
Apart from coinbase and circle, Galaxy Digital dropped about 8% and Gemini lost 7%. Robinhood was down around 3%. The miners weren't spared either, with Riot falling about 5% and several other major mining stocks down between 3% and 4%.
1,700 UK Investors Sue Binance And Changpeng Zhao Over Derivatives Worth $200M
About 1,700 British investors are reportedly suing binance and its founder Changpeng Zhao, they filed a High Court claim in London on June 30 seeking at least £150 million an equivalent to $200 million from the crypto exchange.
China Closely Monitors Stablecoins And Its Role In Cross Border Payments Amid Expansion
China’s central bank is paying closer attention to stablecoins as privately issued digital currencies begin to play a larger role in cross-border payments and global settlement channels.
US Senate Republicans Urges Finance Overseers To Remove Crypto Capital Rules
A group of six Republican senators sent off a letter to the country's top banking regulators last week, and the message was straightforward, it said the rules that prevent U.S. banks from holding digital assets need to go.