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SOL Rebounds as Solana Memecoins and Prediction Markets Spike

Solana’s SOL token climbed to a level not seen in more than 30 days, briefly trading around $83, and the move is drawing attention because it doesn’t look like a simple altcoin sympathy rally. Instead, market data points to a mix of rising tokenized-asset activity on Solana, renewed memecoin momentum, and improving flows tied to stablecoin liquidity. The question now for traders is whether this renewed bid can push SOL back through the $90 area—or whether the market is already cooling off as leverage comes off the table. Recent derivative and on-chain indicators suggest enthusiasm may be more selective than it was earlier in the week. Key takeaways SOL hit a 30-day high near $83, showing signs of decoupling from the broader altcoin market’s weakness. Tokenized trading activity on Solana accelerated as cumulative tokenized stock transfers surpassed $10 billion around June 23. Memecoins and prediction-market activity boosted short-term attention, but leveraged positioning cooled qu...
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Belgian Police Arrest Phishing Suspect Linked to $572K Theft

Belgian authorities have arrested a 19-year-old man they say was a central figure in a European phishing and money-laundering operation that netted more than €500,000 by targeting victims with fake government emails and phone calls. The suspected scheme relied on remote-access software to carry out fraud, and investigators say cryptocurrencies were used to move and launder the proceeds. According to a Federal Judicial Police report cited by Belgian law enforcement, the arrest took place in Antwerp at an Airbnb, where a second suspect was also found. The investigation began in March 2026, when regional authorities escalated phishing as a priority. Key takeaways Belgian police say the suspected phishing crew used fake government communications to trick victims into installing remote-access software. The operation allegedly involved money mules and cash carriers before converting proceeds into cryptocurrencies. Investigators characterize crypto as serving multiple roles in phishing—...

US Senator Proposes Ban on Elected Officials Issuing Memecoins

Senator Kirsten Gillibrand has renewed her push for tighter ethics rules around digital assets, proposing that elected officials—and the president and their spouse—be barred from issuing or sponsoring their own tokens. Her latest remarks explicitly referenced President Donald Trump and First Lady Melania Trump’s memecoin activity. Gillibrand, a New York Democrat involved in negotiations over US digital asset legislation, said in a Friday announcement that Congress should consider measures preventing public officials from using their position to promote or benefit from token launches. The proposal focuses on “issuing or sponsoring” digital assets, and would apply to a president and their spouse; it did not spell out whether similar restrictions should cover the vice president’s office or other relatives. Key takeaways Senator Kirsten Gillibrand proposed banning presidents and elected officials from issuing or sponsoring their own tokens, including memecoins. The restriction would cl...

Upbit Clarifies It Only Explored Potential Future OUSD Listing

South Korean crypto exchange Upbit says it will not take part in the issuance of Open USD (OUSD), despite an operator-level connection to the stablecoin project. The clarification comes after Open Standard named Dunamu among more than 140 businesses associated with its new dollar-backed initiative. In a statement to Cointelegraph, an Upbit spokesperson said the exchange has only “indicated our potential willingness to consider taking part in the future expansion of the OpenStandard ecosystem.” The company’s position follows similar pushback from other South Korean firms that were included in Open Standard’s broader business list. Key takeaways Upbit denies participation in OUSD issuance , limiting its stance to possible future involvement in the OpenStandard ecosystem. Open Standard’s public roster includes major South Korean companies , but several say they have not agreed to specific roles. Regulatory uncertainty in South Korea persists because the Digital Asset Basic Act has ...

ESMA Warns Prediction Market Event Contracts May Breach EU Retail Ban

Europe’s financial watchdog is warning that many prediction market “event contracts” may already be subject to existing binary options rules, regardless of how they are described or marketed. The European Securities and Markets Authority (ESMA) says companies cannot sidestep retail investor protections simply by rebranding certain derivatives-like payouts as “event contracts.” At the same time, the United States is witnessing its own escalation: state gaming regulators and the Commodity Futures Trading Commission (CFTC) are fighting over whether prediction markets should be treated as gambling or federally regulated derivatives. Together, the two stories underline a central fault line for the sector—what matters legally is the contract’s structure, not its branding. Key takeaways ESMA says event contracts can fall under binary options restrictions based on their characteristics, especially binary outcomes and fixed payouts. Even if retail investors are excluded, ESMA warns that off...

Senate Clarity Act Text May Define Next Phase for US Crypto Rules

US lawmakers have pushed the CLARITY Act back into the center of crypto policy debate. Reports say the Senate could release final bill text this weekend, giving markets a clearer view of Washington’s plan. The move would mark a key step for a digital asset framework that has faced years of delay. Senate Text Could Shape Next Crypto Policy Step The expected Senate text could define how US regulators oversee digital assets. It may also clarify the roles of the SEC and CFTC. Therefore, the release could shape the next phase of crypto lawmaking. Earlier expectations for a July 4 signing have faded. Senator Bill Hagerty has indicated that action may come after Congress returns from recess. Lawmakers are now looking toward the period after July 13. The shift does not end the bill’s momentum. Instead, it shows that Senate leaders still need more time. The final text could also reveal whether lawmakers changed key market structure provisions. The CLARITY Act aims to set rules for crypto exchan...

Sec Advances Project Crypto For On-Chain Markets

U.S. Securities and Exchange Commission is advancing SEC Project Crypto as Chairman Paul Atkins outlines plans for blockchain-based financial markets. The initiative focuses on modernizing securities rules, improving token classification, and supporting market systems that can operate on-chain. Atkins said the agency has spent the past year adjusting its approach after President Donald Trump called for U.S. leadership in cryptocurrency. The SEC expects several rulemaking steps to continue through mid-2026. Sec Sets Direction For On-Chain Markets Atkins said SEC Project Crypto marks a broad effort to prepare existing market rules for blockchain infrastructure. He described the agency’s work as “historic steps” toward modernizing regulations for on-chain market activity. The plan aims to help issuers understand whether a token falls under securities laws before they launch a project. That clarity could reduce legal uncertainty for crypto startups, token issuers, and regulated trading pla...