US prosecutors expect to conclude Tornado Cash joint venture Roman Storm case trial before July 25th

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According to Whale Alert, at 13:28 Beijing time, the USDC Treasury destroyed 55 million USDCs on the Ethereum chain, totaling approximately $54.992 million.

BlockBeats News: On July 18th, Logan Payne, a lawyer at Winston&Strawn law firm specializing in the cryptocurrency field, analyzed three upcoming cryptocurrency bills and stated that the GENIUS bill may bring uncertainty to how DeFi platforms handle stablecoins. How GENIUS will affect DeFi, at least for now, we deliberately left some unsolved mysteries, and there will still be a lot of uncertainty in the future. However, in the overall policy environment, if this trend continues, over time, we will gradually get some answers. '' Payne stated that in the coming years, more legislation and regulations will be introduced to fill some gaps in the DeFi field.

According to a report by Golden Finance, former semi professional rugby player Shane Donovan Moore has been sentenced to 2 and a half years in federal prison for operating a false cryptocurrency mining scam. Between January 2021 and October 2022, Moore deceived over 40 investors through Quantum Donovan LLC, obtaining over $900000 in funds. He promised investors a daily mining profit of 1%, but actually used the funds for personal consumption such as purchasing luxury apartments, luxury goods, and electronic products, while paying small returns to early investors in a Ponzi scheme to maintain the scam.