Base’s Ethereum layer-2 briefly stalled block production after a sequencer failure, with the outage lasting about 29 to 33 minutes and affecting deposits, withdrawals, and flashblocks. It’s a sharp reminder that fast rollups still depend on some very brittle infrastructure.
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TRM Labs says CoinEx processed billions in Iran-linked crypto flows, including heavy movement tied to Nobitex, Iran’s biggest exchange. CoinEx denies wrongdoing, but the patterns have put fresh pressure on crypto compliance and sanctions enforcement.
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Poland’s cybercrime police say they’ve arrested four suspects in a major probe into SIM swap fraud, crypto theft, and money laundering, with help from the FBI and HSI. The case highlights how weak phone-based security, not blockchain itself, remains the soft underbelly.
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Strategy is under a securities probe just as Bitcoin weakness smacks Michael Saylor’s high-conviction treasury bet. Critics are questioning liquidity and preferred payouts, while Saylor insists the company is still far stronger than in 2022.
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Sen. Cynthia Lummis is backing the CLARITY Act as Congress wrestles with the crypto industry’s biggest question: who regulates what? The bill could bring long-needed rules for tokens, exchanges, custody, and DeFi — but it’s no free pass, and the Senate fight is just getting started.
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South Korea has fined Bithumb 210 million won ($136,000) after finding the exchange mishandled overseas personal data transfers linked to order-book sharing and virtual asset transfers. The case highlights how crypto compliance now extends well beyond AML.
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Bitcoin and USDC led the day’s outflows, but the flow data looks more like a defensive liquidity rotation than a full crypto exit. USDT gained as traders shifted where they park capital, while a few smaller pockets still attracted inflows.
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The Senate’s July recess has put the CLARITY Act on a tighter leash, with limited floor time, a crowded calendar, and unresolved objections making an August breakthrough less likely. The bill is still alive — but Washington’s favorite kill switch may be time.
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Bitcoin bounced back toward $62,000 after a sharp selloff, but the recovery looks fragile as ETF outflows, Mt. Gox supply fears, and weak technical momentum keep bulls on the defensive. A real trend shift still needs stronger spot demand and a clean reclaim of higher resistance.
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Indonesia and the EU are tightening crypto oversight fast, with OJK pulling digital assets into a formal financial regime and MiCA forcing firms to get licensed or lose access. The upside is cleaner markets; the downside is higher compliance costs and fewer places for sloppy players to hide.
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