🎬 Netflix director sentenced to prison for crypto-siphoned budget
A US court sentenced director Karl Erik Rinsch to 2.5 years in prison for fraud involving $11 million that #Netflix allocated for filming the White Horse series. Instead of completing the project, he used the money to trade options and cryptocurrencies. First, Rinsch lost more than half the amount on options, then invested the remaining funds in cryptocurrencies, after which he spent millions of dollars on luxury items, including five Rolls-Royce cars, a Ferrari, Swiss watches, and furniture. In addition to the prison term, the court ordered him to forfeit $11 million.
🇺🇸 Crypto scam worth $1 billion ended with 30 years in prison
A court in the US sentenced Chinese businessman Guo Wenqiu to 30 years in prison and ordered the confiscation of $889 million. According to the authorities, he raised investors’ money through fraudulent schemes, including using the Himalaya Coin crypto project.
According to the prosecution, the total damage exceeded $1 billion. The authorities compared the scale of the fraud to cases involving Sam Bankman-Fried and Bernard Madoff. The defense has already said it plans to appeal the sentence.
🇪🇺 Tomorrow, the EU crypto market will officially change. What’s next?
Starting July 1, the transition period for MiCA in the European Union will be completed. For crypto companies, this means new operating rules: without a license, you can no longer provide services to clients in the EU.
What will change for exchanges, users, and the entire European crypto market — the Incrypted editorial, together with experts, has broken it down in detail in a new piece.
The billionaire who predicted the 2008 crisis is burying Bitcoin again
Jeremy Grantham, co-founder of GMO Asset Management, believes that #BTC does not perform the basic functions of money, has not become a reliable store of value, and is maintained mainly by speculation.
In his view, the only strong use of #биткоина — the opportunity to profit from price growth — while the blockchain itself remains a useful technology.
✴️#XRP #крипто The number of analysts and media publications is rapidly growing on the market, wondering why Ripple is so cool, buys everyone, gets implemented everywhere, and its token #XRP is constantly stuck in the *ss... even in bull markets... — monitoring
One of the popular explanations/statements is that Ripple’s technologies and services really are already used by many, whereas not many people use the XRP token. Ripple itself often says that XRP has high utility, and its usage is constantly increasing.
Why AAVE is interesting again: ▪️ In March, Aave V4 was launched with pooled liquidity for different lending markets. The protocol now holds more than 50% of the DeFi lending market ▪️ Aave’s share in USDT and #USDC deposits and borrows on #Ethereum exceeds 80%: $20B total has been deployed in stablecoins, and the borrowing volume is $13B ▪️ MetaMask chose Aave for Stablecoin Earn and Mastercard cards — funds generate income for users until payment ▪️ Under the previous DAO program, it bought 205k AAVE for $42 million. After the rsETH exploit, buybacks were paused. What’s now: 📈 From the June low #AAVE it’s up 72%: Grayscale values the token at $80–$100 with potential up to ~$175 within a year, Standard Chartered set a target of $3,500 by 2030, and the final push was supported by the launch of Aavenomics 3.0. Holding above $104 opens targets of $130 and $145 📉 After such growth, a local pullback of 30–50% is possible. As long as the coin holds at $85, the structure remains strong. Losing the level would mean a drop to $75, and the global accumulation zone below is $53–$65
The Bank for International Settlements (BIS) stated that modern stablecoins do not meet the criteria of full-fledged money and pose risks to the financial system, despite their technological advantages.
In its report, the regulator noted that stablecoins can create risks for financial stability and monetary policy, and also called for strengthening regulation of issuers and for developing tokenized bank money as an alternative.
The Strategy company board of directors has officially authorized the company to sell BTC.
The company has published a new financial strategy that allows for selling part #BTC☀️ in strictly defined cases.
➥ BTC can be sold to replenish the dollar reserve (up to $1.25b), pay dividends and interest on debt, and also to fund share buybacks and preferred securities. ➥ At the same time, the Strategy approved a rule under which the dollar reserve must cover at least 12 months of future dividend and interest payments. Currently, its volume is $2.55b. ➥ The company is also launching two share buyback programs of $1b each—one for MSTR shares, the second for preferred securities, where STRC will be the priority. ➥ Despite the new powers, over the past week Strategy has neither bought nor sold any BTC. The company’s balance sheet still holds 847.363 BTC ($50.6b).
🤔 Galaxy Digital founder believes Bitcoin could fall to $45k
➥ According to Mike Novogratz, the current weakness of #BTC is largely linked to a crisis of confidence surrounding Strategy by Michael Saylor. The market is trying to test the company’s resilience amid large unrealized losses. ➥ Michael Saylor is not a forced seller. Strategy has sufficient liquidity to meet its obligations, and the company will be able to get through this period. ➥ In the short term, the key support zone for #BTC remains the $59–60k range. If it doesn’t hold, the next reference point is $45k.
🇪🇺Time’s up — what awaits the crypto market in the EU after July 1
https://incrypted.com/chto-zhdet-kriptorynok-es/
From July 1, 2026, the crypto market of the European Union enters a new phase of regulation. For crypto service providers, the MiCA transitional period provided for by the regulation will end—giving companies time to obtain full authorization to operate. Earlier, ESMA emphasized: there will be no extensions; this is the final deadline.
What exactly will change in the EU’s crypto regulatory landscape, and how will it affect the market and users? The Incrypted editorial team investigated this together with experts. Н
💔 A pensioner lost all his savings after trusting a “girl” from Telegram
An American lost $222,000 after meeting a scammer using the name “Bella.” She convinced him to invest in cryptocurrency and step by step helped him transfer money via Coinbase to wallets controlled by the fraudsters.
Later, US authorities tracked down and arrested more than $222,000 in USDT. Now the prosecution is seeking their final forfeiture.
▪️ Over the week, a record $1.79 billion was withdrawn from spot-based #BTC ETFs — the seventh consecutive week of outflows ▪️ Grayscale, following Samson Mow, proposed that Strategy sell BTC worth more than $3 billion to cover two years of expenses ▪️ Loopring is shutting down its DEX and turning off the relayer, admitting that its non-EVM architecture fell behind zkEVM ▪️ Daily trading volume of TradFi perps on DEX first exceeded $6 billion, with more than 90% coming from HIP-3 #Hyperliquid
💸 BTC has almost completed the death cross (50 and 100 WMA) on the weekly chart: historically, this is a sign of an imminent bear market bottom. After the signal, the average price drops another 20% over the next few weeks, which will send #BTC below $50k 🌟 #JTO is rising for the eighth day in a row on the back of the restaking launch and expectations for the JTX trading platform with token buybacks. On the 4H timeframe, there is a bearish divergence, hinting at the need for a correction to $0.7 before the uptrend continues
🧐 Vitalik Buterin described a technology that could change cryptography. ➠ The founder #Ethereum published a large article devoted to obfuscation technology. It makes it possible to turn a program into a “black box”—you can use it, but understanding how it works and extracting its secrets is practically impossible. ➠ In Buterin’s view, if such a technology can be made fast and secure enough, it could replace many existing cryptographic mechanisms and enable the creation of services that practically won’t need to be trusted. ➠ Along with blockchains, this paves the way for fully private voting systems, protected computations, and other applications that today require the involvement of trusted intermediaries. ➠ However, practical application is still far off. Today, the computations required to run this technology are so complex that it would take much longer to perform them. ➠ Nevertheless, he compares the situation to the development of #ZK technologies—back then, they also seemed impractical, but after years of optimization they began to be used in blockchain projects.
💰 A trader turned $2,330 into more than $614,000 on a memecoin .
According to Lookonchain, he bought 14.2 million ANSEM for $2,330. At the time of writing, he sold some of the tokens for $68,100, and the remaining 10 million ANSEM are valued at approximately $548,800.
The trader’s total profit came to about $614,500 — more than 261x the initial investment.
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