South Korea Plans Crypto Law as Tax Repeal Reaches Committee

South Korea’s Financial Services Commission (FSC) reportedly plans to draft a consolidated Digital Asset Basic Act with the ruling Democratic Party, giving lawmakers a government-backed proposal covering stablecoins and the broader cryptocurrency market after months of delays. According to an Edaily report published Wednesday, the FSC told the National Assembly ahead of a policy briefing…

Counting down the days: State of Crypto

Senators Ruben Gallego and Thom Tillis sent a proposed revised ethics provision to the White House on Thursday, after drafting the compromise the day before, an industry source familiar with the talks told CoinDesk. As of midafternoon on Friday, the White House had not officially responded to the proposal. Ethics remains the biggest outstanding issue…

Strategy Holds Preferred STRC Dividend at 12% as Price Still Below Par

While Strategy’s preferred STRC shares ended July well below their $100 par value, investors were told that their August dividend will not increase, holding at 12%. Executive chairman Michael Saylor delivered the news in a tweet on Saturday, continuing to pitch STRC as a way to “stretch your income.” August will be the second month…

US Prosecutors Propose Changes to CLARITY as Voting Window Narrows: Report

Organizations representing law enforcement officials in the US have reportedly proposed changes to a comprehensive cryptocurrency market structure bill under consideration in the Senate, with only days left until the chamber breaks for a month-long recess. According to a Tuesday Politico report, the National Association of Assistant US Attorneys and the National District Attorneys Association…

Trump Media Moves Bitcoin as Holdings Fall to 4,261 BTC

Trump Media & Technology Group, the company behind Truth Social, has made another major move involving its Bitcoin holdings, extending a series of recent sales. The company sold 2,628 Bitcoin (BTC) worth about $165 million through transfers to Crypto.com, blockchain analytics platform Lookonchain said in a Sunday X post, citing data from Arkham. Lookonchain said…

Bitcoin cold-wallet attack spreads to 4,500 addresses as losses near $89 million

The attacker working through Coldcard-generated keys is now emptying wallets worth a few thousand dollars each. Galaxy Research flagged a third wave of sweeps early Sunday, roughly 208 bitcoin drained from 1,912 addresses between Friday midday and Saturday morning UTC. That is just over a tenth of a bitcoin per victim. The July 30 opening…

Crypto PAC Pours Another $1M into Michigan House Race

An affiliate of a political action committee (PAC) funded largely by contributions from cryptocurrency companies Ripple Labs and Coinbase has poured more cash into ads for next week’s primary race in Michigan’s 13th Congressional District. According to Federal Election Commission (FEC) filings as of Thursday, the Protect Progress PAC had spent more than a combined…

Onchain, In Court: What Happened In Crypto Legal News This Week

Wife of former FTX executive seeks to preclude her husband’s guilty plea In a Friday filing with the US District Court for the Southern District of New York (SDNY) over campaign finance charges, Michelle Bond’s legal team asked the court to consider precluding evidence related to former FTX Digital Markets co-CEO Ryan Salame, her husband…

Strategy (MSTR) news: Michael Saylor and team maintain 12% dividend for STRC

Holders of Strategy’s (MSTR) high-yielding preferred stock STRC will not see a dividend increase in August. Led by Executive Chairman Michael Saylor, Strategy is maintaining the current 12% dividend on the shares. STRC investors may have been expecting as much as a 50-basis-point hike in the dividend as Strategy has customarily raised the payout anytime…

Minnesota Crypto ATM Ban Goes into Effect After Reported $1M Losses

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