UK Law Commission proposes classifying crypto as a new type of propertyOther Law Commission recommendations include creating expert panels and implementing a legal framework around crypto collateral arrangements.
Happy Wednesday!The global crypto market cap is $1.17 trillion, with a 24-hour volume of $32.69 billion. The price of Bitcoin is $30,326.56, and BTC market dominance is 50.2%. The price of Ethereum is $1,857.66, and ETH market dominance is 19.1%. The best-performing sector is Cannabis, which gained 276%. The Crypto Fear & Greed Index is currently Greed (62). Top News
UK Law Commission proposes classifying crypto as a new type of propertyOther Law Commission recommendations include creating expert panels and implementing a legal framework around crypto collateral arrangements. Robinhood lays off 7% of workforce on same day as Cardano, Polygon, and Solana delistingThe company's most recent round of layoff falls on its in-house delisting deadline for three tokens labeled "unregistered securities" in recent SEC enforcement actions. EDX Markets reportedly drops Paxos as planned custodial partnerEDX Markets has reportedly broken its ties with Paxos and is nearing a deal with Anchorage Digital. Latest Insights
More NewsMicroStrategy BTC holdings balloon to $4.6B as firm invests another $372MWith an average purchase prices of $29,668 per Bitcoin, MicroStrategy's BTC holdings are at a slight profit. BitGo CEO says traditional financial firms will remain ‘mostly out’ of cryptoMike Belshe highlighted regulatory challenges but said he believes crypto firms and traditional financial firms could create a stronger, derisked market together. FTX pauses sale of stake in AI firm Anthropic, once purchased for $500mThe planned sale was expected to conclude with a nine-figure deal. Longest streak of Bitcoin withdrawals surpassing deposits signals market shiftJune 27 marks the longest streak ever recorded of Bitcoin withdrawals from exchanges outpacing deposits to exchanges. SBF trial locked in for October after court rejects pre-trial motion to dismissThe court said that after hearing all of the arguments related to the pre-trial motions, it has determined that they are "either moot or without merit."
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