Weekly: Crypto funds flood the market with $15 billion, attacks on seed phrases, a new treasury at BNB, and the battle for regulation
June 30, 2025
New laws, new positions
Senator Adam Schiff has introduced the COIN Act, which bans government officials and their relatives from participating in the crypto business. At the same time, the Trump team is proposing the formation of a national BTC reserve, and the Senate is preparing for a comprehensive crypto regulation vote in September.
Coinbase became the first US exchange to receive a MiCA license from Luxembourg’s financial regulator. Kraken followed by registering with the Central Bank of Ireland. Coinbase plans to establish a European hub in Luxembourg.
Nano Labs building a BNB-based crypto treasury worth up to $1 billion
The Chinese integrated circuit manufacturer announced the first stage of its reserve formation — issuing $500 million in convertible bonds. Future plans include accumulating up to 10% of the total BNB supply.
Crypto crime hits records
A new piece of malware is attacking iOS and Android devices via marketplaces and websites, uploading images from mobile galleries to external servers. The majority of activity has been recorded in Asia.
Users have faced fake airdrops and phishing forms for seed phrase input. While no major data leaks have been detected, companies urge maximum caution.
The Resupply project confirmed a $9.5 million asset loss from the wstUSR market. The team has suspended operations and is preparing a detailed report.
AI industry on the rise
Ukraine is developing a national AI strategy and conducting an online survey. Musk unveils Grok 3.5 as a knowledge-processing tool, Meta is assembling a team of former OpenAI researchers, and DeepMind showcases an autonomous LLM that operates without internet access. Meanwhile, Senator Sanders warns of mass layoffs and supports a 32-hour workweek, while Gartner predicts that 40% of AI projects will fail by 2027.
Read more here.
Kursoff's Opinion
This week is all about contrasts. While global funds pour billions into BTC and companies expand their crypto portfolios, hackers are stepping up and regulators are tightening the screws. AI tech promises breakthroughs, but society braces for disruption. Over the market — calm before the next wave.