
Dubai Ranks Top Asian Crypto Hub, India Curbs Bank Ties; SBI Crypto Shuts Mining Pool
Dubai leads Asian crypto hub rankings, India isolates banks from crypto, SBI Crypto shuts down major mining pool, and Russia advances digital ruble.
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Original coverage across the crypto market, updated daily.

Dubai leads Asian crypto hub rankings, India isolates banks from crypto, SBI Crypto shuts down major mining pool, and Russia advances digital ruble.

Peter Stokes, 19, faces US charges for role in failed $8 million crypto ransom scheme.
Arkham data shows James Wynn lost $982,000 in 24 hours shorting S&P 500 perpetuals, adding to over 200 career liquidations.
Aave sees strongest wallet expansion since 2021 as Standard Chartered updates its crypto outlook.
SEC Commissioner Hester Peirce predicts the Clarity Act will pass this summer, signaling clearer crypto regulation.

A June 29 Supreme Court decision undermines the independence of regulatory agencies, potentially affecting crypto enforcement.

New regulations require crypto exchanges in Australia to collect and share customer data on transfers from July.

The FCA publishes final crypto rules, requiring firms to obtain authorization by February 2027.
UK's FCA sets comprehensive crypto regulations covering capital requirements, stablecoins, and market abuse, with October 2027 implementation.

The EU's MiCA regulation fully applies from July 1, potentially displacing up to 10 million users from non-compliant platforms.

Bank for International Settlements cautions that a reversal in the $1 trillion AI investment boom may trigger financial stress affecting crypto traders.

Bitcoin remains lower despite ceasefire reports that boosted U.S. equity futures.

Samsung and SK Hynix accelerate chip plant construction to meet AI demand, highlighting a broader capital shift from crypto to AI.

A CryptoQuant analyst points to Bitcoin UTXO data as an indicator that capitulation may be underway, historically a buying opportunity for long-term holders.

Outdated Basel capital standards treat Bitcoin as near-total loss, potentially limiting bank crypto activities.

Kalshi launches crypto perpetuals in the US, but shallow depth and spreads may limit altcoin trading to Bitcoin only.

Investors are rewarding crypto companies with AI infrastructure, not just digital asset exposure.
Grayscale Research flags 15 protocols as undervalued on cash flows ahead of potential CLARITY Act passage.
New York man Noman Saleem gets 15 months in prison for fake staking scheme on Telegram.
On-chain data firm CryptoQuant warned MicroStrategy to pause Bitcoin purchases, but the company had already started rebuilding its cash reserves.
Bitget's Stock+ feature lets users buy full and fractional US stocks using cryptocurrency via regulated brokers.

BitGo's Bielik acquisition signals a trend where smaller platforms use regulated custody to comply with MiCA.

Proposed FCC rule requiring carriers to retain customer data could expand attack vectors for crypto theft.

Researchers identify malicious Wallpaper Engine downloads on Steam distributing infostealers and account-hijacking malware.