Daily Recap — June 29

Lead stories

Strategy did NOT buy Bitcoin last week and instead approved a $1 billion stock buyback. The company will also be able to sell up to $1.25 billion worth of Bitcoin to replenish its dollar reserves.

Investors have been withdrawing money from spot Bitcoin ETFs for 7 consecutive weeks — a total of $7.8 billion has left the funds during this period.

Vitalik Buterin published an article about obfuscation — one of the most powerful and complex tools in cryptography, which allows a program to run while showing the output but keeping its internal logic hidden.

A VK employee convinced his mother in 2020 to buy company shares instead of making a deposit, at 2,000 ₽ per share. Now the investment shows a 90% loss, with the price around 194 ₽.

In India, USDT suddenly became more expensive than the dollar — the stablecoin is trading at a premium of more than 8.5%, around 103 rupees per USDT.

An American retiree lost $222,000 in a romance crypto scam. Another Russian woman also lost 7,000,000 rubles in a “crypto investment” scam.

Loopring is shutting down its DEX — trading has already stopped, the relayer has been disabled, and user funds are promised to be automatically returned to wallets by the team.

AI won a case in a British court for the first time — the AI prepared documents, witness statements, and the entire pre-trial process, allowing the client to recover a £7,000 debt.

Azerbaijan plans to adopt crypto legislation by the end of 2026 — the central bank has already prepared a bill regulating the crypto asset market.

The Bank for International Settlements (BIS) stated that current USDT/USDC do not qualify as full-fledged money because they do not provide guaranteed exchange at face value between different issuers and blockchains.

Bybit is ending services for EU users on its global platform and moving them to Bybit EU.

Chainalysis proposed improving blockchain investigations so that the same crypto address does not appear clean in one AML service and suspicious in another.

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