INFLATION IN THE US RISES FOR THE FIRST TIME IN FIVE MONTHS
Core inflation in the United States increased by 0.3% in June, the highest rise since January. Analysts point to previously introduced tariffs as one of the causes of rising prices, which increased import costs. This is the first monthly increase in core inflation in five months and is significant for the monetary policy of the US Federal Reserve.
TENSIONS IN THE US CONGRESS OVER CRYPTO LEGISLATION
A growing dispute is unfolding in the US Congress over proposed laws regulating the cryptocurrency market. Republicans aim to pass legislation that critics say may weaken oversight of financial markets. Key points of contention include the scope of authority for regulators and the potential impact of new laws on the traditional financial sector.
PAYPAL EXPANDS PYUSD STABLECOIN TO STELLAR NETWORK
PayPal is integrating its PayPal USD (PYUSD) stablecoin with the Stellar blockchain network. The goal is to increase transaction speed, reduce costs, and improve global accessibility for PYUSD transactions. The integration is pending final approval from the New York Department of Financial Services.
AI COMPANIES BEGIN MINING BITCOIN USING EXCESS ENERGY
Artificial intelligence firms such as Mara Holdings and Riot Platforms are incorporating Bitcoin mining into their infrastructure. This process allows them to monetize excess electricity generated by their data centers. It reflects a new trend demonstrating synergy between the AI industry and the Bitcoin network.
SWISS BANK AMINA BECOMES FIRST PARTNER FOR RIPPLE'S STABLECOIN
Swiss bank AMINA has become the first regulated bank to integrate Ripple’s RLUSD stablecoin. The partnership aims to allow the bank’s clients to use the stablecoin within a regulated banking environment. After the announcement, RLUSD’s trading volume increased by 20 percent.
BITCOIN ETFs REACH 150 BILLION DOLLARS IN MARKET CAPITALIZATION
The total market capitalization of US Bitcoin ETFs has surpassed 150 billion dollars. This historic milestone is driven by growing institutional investor demand for crypto-based financial products. On July 10 alone, these funds saw inflows of 1.1 billion dollars.
HONG KONG ANNOUNCES LICENSING FOR STABLECOIN ISSUERS
Authorities in Hong Kong have announced plans to introduce a licensing system for stablecoin issuers. The first licenses are expected to be issued starting in August 2025. The move aims to create a clear regulatory framework and increase safety in the local digital asset market.
HACKER RETURNS 37 MILLION DOLLARS STOLEN FROM GMX PLATFORM
A hacker who stole funds from the decentralized exchange GMX has returned assets worth 37 million dollars. In return for returning the stolen funds, the hacker received a 5 million dollar reward under the "white hat" program. The incident resulted from an attack on the platform's liquidity pools, with a total of 42 million dollars stolen.
CheckDot is SAFU research CheckDot.