Crypto

Your day-ahead look for July 1, 2025

Elon Musk’s xAI secures $10 billion to expand its operations as his clash with US President Donald Trump over government spending heats up again. Elon Musk’s artificial intelligence firm xAI secured $10 billion in fresh capital, doubling down on its challenge to OpenAI as the race to dominate the AI landscape intensifies. The funds were evenly split between secured debt and strategic equity investments. The influx gives xAI more resources to expand its Memphis-based Colossus supercomputer and train its Grok chatbot, CNBC reported Tuesday, citing Morgan Stanley. The funding round was reportedly oversubscribed, with major investors vying for stakes in Musk’s AI vision. Musk’s AI push comes as American rivals race ahead. OpenAI closed a $40 billion raise earlier this year at a staggering $300 billion valuation, while Anthropic secured fresh backing that pushed its value beyond $60 billion. Read more

Bitcoin’s high profitability signals a possible correction in the short term amid increasing calls for $200,00 BTC price later in 2025. Key takeaways: Bitcoin's 98% supply in profit signals bullish sentiment but warns of volatility and potential price corrections. Analysts predict BTC could hit $200,000 by 2025, but sustained demand is key. Read more

The card will initially launch in the UK and the European Union, before rolling out later in Latin America, Australia and New Zealand.

Swyftx is acquiring Caleb & Brown in the largest crypto M&A deal in ANZ as it seeks a foothold in the U.S. to target high-net-worth clients.

Malaysia’s securities regulator is seeking public feedback on a proposal to allow certain cryptocurrencies to be listed on exchanges without prior approval. The Securities Commission Malaysia (SC) is seeking public feedback on a proposal that would allow cryptocurrency exchanges to list certain digital assets without first obtaining explicit approval from the regulator. According to a Monday announcement, the regulator is considering liberalizing the framework for listing some digital assets on exchanges. Under the proposed rules, digital assets meeting specific criteria could be listed without explicit approval. “This aims to accelerate time-to-market, increase [crypto exchange] operator accountability and widen product offerings,” the announcement said. Read more

Applying advanced tools for tracking illicit stablecoin transactions is necessary; still, it is not enough to mitigate the risks of mass adoption. A recent warning from the Financial Action Task Force (FATF) about the rise of stablecoin-related crimes does not pose a threat to the cryptocurrency industry, according to executives at blockchain intelligence firms. The FATF’s call to address rising illicit stablecoin activity reflects a need for close monitoring and analysis rather than an effort to curb their growth, according to executives at Chainalysis and Asset Reality. The global financial crime watchdog sounded the alarm on stablecoins Thursday, asking regulators to focus on mitigating the risks of their potential mass adoption. Read more

Trump has escalated his feud with Musk, suggesting DOGE scrutinize the billions in subsidies supporting the business magnate's companies.

Blockchain game Captain Laserhawk: The G.A.M.E. is integrating AI agents that can make governance decisions on behalf of players.

A new Dubai office will house a team focused on trading and comes as the mining firm clinches hundreds of millions of dollars.

Federal prosecutors claim DPRK agents infiltrated a blockchain startup under false identities, pushing code to drain funds.

Rex Shares and Osprey Funds is set to launch the first U.S. ETF offering direct Solana exposure with staking rewards.

Unlike GameFi’s inflated hype, Distributed Compute Tokens offer real utility serving AI, storage and GPU markets but remain modestly valued despite rising global demand.

Aptos Labs CEO Avery Ching is officially part of the Commodity Futures Trading Commission’s (CFTC) subcommittee focused on digital assets, a June 30 X post from the blockchain technology company’s account revealed.Aptos Labs CEO Avery Ching Tapped For CFTC Subcommittee According to the Monday X post, Ching has joined the CFTC Digital Assets Global Markets […] The post Aptos Labs CEO Joins CFTC Digital Assets Subcommittee appeared first on Cryptonews.

Meta is throwing huge bucks to lure away top talent in the high-stakes AI race, prompting the company to give its employees the week off to cool down.

About every 1 in 4 people in South Korea, aged 20-50, working predominantly white-collar jobs, own cryptocurrency. 

Kakao Bank and Toss Bank, two of South Korea’s biggest neobanking players, are set to expand their range of crypto and stablecoin-related operations. The post South Korean Neobanking Heavyweights Kakao Bank, Toss to Expand Crypto Operations appeared first on Cryptonews.

Solana's ETF launch sparks a brief rally, but fundamentals and institutional demand remain weak amid competition. Key takeaways: The Solana ETF launch with staking drew initial excitement, but institutional demand remains muted. Ongoing SOL unlocks, DApp sell-offs, and low network activity weigh against a sustained price rally. Read more

The effort from Senator Cynthia Lummis is one of several crypto tax provisions in an amendment aimed at reducing tax burdens in core areas of the industry.

Decentralized exchanges (DEX) processed roughly $385 billion of spot trades in June, equal to almost 30% of the turnover recorded by centralized venues, according to DefiLlama and The Block data. The 30-day DEX figure represents a 12% decline from May, but centralized exchange (CEX) spot volume contracted nearly 30% in the same period. Notably, this […] The post DEXs capture almost 30% of CEX spot activity in June, setting new record appeared first on CryptoSlate.