- Presidential candidate Donald Trump is headlining crypto conference Bitcoin 2024. (Author note: this announcement was made prior to the assassination attempt).
- Compound Finance and Celer Network had their front-end domains hacked and replaced with phishing sites, due to an exploit at Squarespace. Nearly 125 domains are at risk due to the exploit which was the result of a migration from Google Domains to Squarespace last year, which automatically disabled 2FA.
- Goldman Sachs said it will launch three tokenization projects by the end of the year, including tokenization of real-world assets such as money market funds and real estate holdings.
- Venture capital firm Electric Capital launched the Crypto Market Map, a tool that highlights crypto projects ranging form core infrastructure to end-user applications.
- A new report from Chainalysis shows that stablecoins now account for majority of all illicit transaction volume, surpassing BTC. The report also shows that 50% of the $100 billion of crypto laundered over the past 5 years has ended up at centralized crypto exchanges.
- The SEC said it would not recommend an enforcement action against stablecoin issuer Paxos, more than a year after issuing the company a Wells Notice for its Binance-branded stablecoin BUSD.
- Some banks and brokerage firms may bypass the reporting rules of SAB 121, an SEC bulletin that requires brokers to report crypto assets as liabilities on their balance sheets, by ensuring customer assets are protected in the event of a bankruptcy or failure.
- PayPal's PYUSD stablecoin saw its market cap rise from $270 million to over $533 million over the past month, following its expansion to Solana in May.
- BlackRock, the world's largest asset manager, is looking to participate in decentralized stablecoin issuer MakerDAO's "Grand Prix", a competition aimed at bringing $1 billion of tokenized assets onto the platform.
