Daily Summary, July 8

Lead stories

The ceasefire regime between the United States and Iran is no longer in effect, stated Donald Trump.

Analysts report that the approval and adoption of the EU’s 21st sanctions package has been postponed until autumn — this “completely coincidentally” coincided with the postponement of Russia’s crypto legislation until September.

Kraken is trying to become a full-fledged bank in Europe — the exchange is seeking a banking license and is considering Lithuania as the main location for obtaining it.

The Russian State Duma has passed a bill in its first reading introducing fines for crypto exchange services that violate digital currency exchange regulations.

Last night, Tether additionally burned 2.5 billion USDT — bringing the total amount burned over the past 24 hours to 5 billion USDT.

TeraWulf has signed a 20-year, $19 billion contract with Anthropic — the former Bitcoin mining company will build a dedicated 401 MW AI data center in Kentucky and lease it for computing capacity used to train and operate Anthropic’s AI models.

Russia has prepared a cryptocurrency market regulation bill for its second reading.

Pump.fun is selling Solana again — this time, 122,498 SOL worth $10 million was moved to the market. In total, the company has sold 4.7 million SOL worth approximately $800 million.

Bitcoin and Ethereum reserves on exchanges have fallen to multi-year lows — BTC reserves are at their lowest level since 2017, while ETH reserves have reached their lowest point since 2015.

Kazakhstan is launching a major crypto reform — authorities want to exempt individuals’ income from digital asset transactions on regulated platforms from taxation and introduce a mechanism to legalize crypto assets previously held on foreign unregulated services.

Alfa-Bank has launched closed testing of crypto trading for a limited group of qualified investors, according to media reports.

BNB Chain is developing a new Layer-1 blockchain specifically designed for AI agents and algorithmic trading.

A Gate user claimed that around $1.7 million was withdrawn from his account, despite having phone verification, Google Authenticator, and email confirmation enabled.

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