Finance in the Age of Crypto
Joined October 2024
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Eric Trump Lost About $600 Million Due to American Bitcoin Stock Collapse
According to Bloomberg, Eric Trump’s paper loss from the decline in American Bitcoin shares has reached approximately $600 million. After the company went public on Nasdaq, its shares hit a new all-time low.
Before the crash, Eric Trump’s stake was valued at more than $600 million. Following the collapse and reverse stock split, its value has shrunk to roughly $28 million. #crypto #nasdaq #btc
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SpaceXAI and Starlink Accounts Hacked to Promote Memecoin
The SpaceXAI and Starlink accounts on X (Twitter) were hacked to advertise the memecoin Scam Altman (SCATMAN). After the post with the contract address was published, the token price surged 575% in the first 20 minutes, and its market capitalization briefly exceeded $800,000.
The posts were later deleted, and the project account was blocked. However, according to Blockscout data, nearly 90% of the SCATMAN supply is controlled by a single address.
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Good morning☀️
Morning news for you:
🇮🇷 Iran's Revolutionary Guard fired on a merchant vessel passing through the Strait of Hormuz in the last hour, according to Captain Hawkins of U.S. Central Command. American military aircraft successfully shot down one Iranian cruise missile and one kamikaze drone.
💰Coinbase once again calls for the adoption of the CLARITY Act.
💰The Bitcoin premium on Coinbase remains negative for 55 consecutive days since May 19, setting a new record.
🕕Michael Saylor hinted at the first BTC purchase since the recent Strategy sale.
💰Uniswap (UNI) is generating $5.2 million in daily network fees, announced founder Hayden Adams.
🔹The launch of Robinhood Chain is a positive development for Ethereum (ETH). Robinhood Chain is a public L2 network built on Arbitrum. The chain uses ETH to pay gas fees and denominates fees in this cryptocurrency. In this role, ETH functions as money. #crypto #eth #btc
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Here’s your morning news update:
🦅 According to the Federal Reserve’s semi-annual report released on July 10, the U.S. economy continues to show strong growth in 2026, driven by investments in high technology and government spending.
😁 President Donald Trump stated that he has already given orders for unprecedented-scale strikes on Iran if the country succeeds in assassinating him, the New York Post reported, citing an interview from July 10.
🤝 The United States and Iran are expected to hold a new round of negotiations next week, most likely in Switzerland.
🔶 Binance announced the listing of perpetual futures for SK Hynix ADR (SKHYUSDT) on July 10 at 15:50 UTC. The Crypto Fear & Greed Index from CoinMarketCap is currently at 31.
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🚨 Interpol Summarizes Results of Largest Anti-Fraud Operation
As part of Operation First Light 2026, which took place across 97 countries, law enforcement arrested 5,811 people and seized illicit assets worth $293 million. More than 31,000 bank accounts were also frozen, and nearly 24,000 cases were uncovered.
One of the key schemes involved money laundering through cryptocurrencies. In particular, police in Thailand dismantled a network through which criminals laundered more than $122 million, using cross-chain token swaps to hide transaction trails.
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Law enforcement officials in Wisconsin and New York have accused Circle of refusing to assist in the return of stolen USDC to scam victims, even when court orders were issued.
An ICIJ investigation describes the case of a resident of Walworth County: a fraudster convinced the victim to transfer his savings in USDC to a fake investment platform. In August 2025, the court ordered Circle to freeze approximately 381,000 USDC. In December 2025, a new order was issued to burn the frozen tokens and issue an equivalent amount of new USDC to the sheriff’s office wallet. Circle stated that it was technically unable to perform such an operation. After that, the Wisconsin prosecutor’s office filed a criminal complaint, alleging “willful non-compliance” with the court decision.
According to ICIJ, in January 2026, New York prosecutors contacted U.S. senators with criticism of Circle’s policy. According to them, the company refuses to block USDC without a court order, which — due to the speed of blockchain transactions — often makes help come too late. In its blog, Circle states that it freezes assets only within the framework of “legal procedures.” Experts question the arguments about technical impossibility of compliance. It is also noted that Circle reported a preliminary agreement with U.S. federal prosecutors on a compensation mechanism that includes the final freezing of stolen tokens and the issuance of an equivalent amount to victims. #Circle #crypto #finanse
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🚨 THE EU JUST MADE A DECISION THAT COULD END DIGITAL PRIVACY FOR MILLIONS.
The European Parliament has voted to extend "Chat Control 1.0" until 2028. The law allows platforms like Meta, Google, and Apple to voluntarily scan private messages, emails, and cloud files for known CSAM. Supporters say it's about protecting children. Critics say it sets another precedent for mass surveillance. The numbers make the debate even more interesting:
• 48% of alerts were found to be not criminally relevant.
• 40% of investigations ended up targeting minors themselves.
• 99% of Meta's reports involved already known material, not new abuse The European Commission has also said there is no evidence that blanket scanning of private messages has increased convictions or rescued more children, but still, they are going forward with it. And that's not all.
Currently, Chat Control 2.0 is still under negotiation, which could take away your privacy completely and expose every detail to the government. #eu #crypto #privacy
🤖 Made with AI
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Is this the best crypto scammer today?
Many tokens (WLFI, $TRUMP) dropped sharply in price after launch. Investors lost hundreds of millions — for example, WLFI holders lost around $674 million, and $TRUMP saw more than $700 million+ in total losses according to some estimates.
Lawsuits and accusations: Justin Sun (a major investor) filed a lawsuit against World Liberty Financial for alleged fraud, "extortion," freezing tokens, and violating rights. The company filed a countersuit for defamation.
WSJ and others reported connections to individuals/projects linked to sanctioned networks (pig butchering scams, national security concerns). Critics question the due diligence.
Conflict of interest: As president, Trump promotes pro-crypto policies while his family earns billions from tokens. Ethics experts and Democrats (e.g., Maxine Waters) call it "grift" and corruption.
Trump's NFT collections (2022–2024) sold successfully at first ($4.5M+ for the first one), but many buyers later lost money due to market decline. The quality of the art and marketing were criticized. #Trump #USA #Crypto
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US Department of Justice Warns Prosecutors of Potentially Reduced Cooperation from Binance. The Exchange Denies the Claims.
According to The Information, in early June, Rachel Jones, the U.S. Department of Justice’s counsel for digital asset issues, sent a memo to prosecutors warning that Binance may become less cooperative. The memo reportedly stated that the exchange plans to impose stricter requirements for requests to freeze and seize assets. A copy of the letter also reached prosecutor Kevin Mosley.
A Binance spokesperson strongly denied the allegations, stating that there have been no changes — and there will be none — in the company’s cooperation with U.S. law enforcement agencies. The exchange suggested that the DOJ’s interpretation may have stemmed from a misunderstanding of requirements set by the Abu Dhabi Global Market (ADGM) regulator. Binance emphasized that it has no intention of altering its procedures for handling requests from the United States.