The federal government lost a whopping $186 billion to improper payments in fiscal year 2025. The Government Accountability Office says the figure marks an increase of about $24 billion from the prior year and brings the cumulative total lost since the fiscal year 2003 to roughly $3 trillion. Most of these payments stemmed from overpayments …
Monthly archives: July 2026
Binance outflows triple to $1.2B as ETH withdrawals hit 3-year high
Binance recorded $1.23 billion in weekly net outflows, up 207% from the previous week, as Ethereum withdrawals surged to a three-year high. Binance, the world’s largest crypto exchange by trading volume, recorded a sharp surge in weekly outflows as Ethereum withdrawal activity climbed to a multi-year high. According to DefiLlama data viewed by Cointelegraph on …
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UAE Central Bank Clears DDSC for VARA Platforms, Bringing Dirham Stablecoin to Consumers
The Central Bank of the UAE has granted a no-objection certificate to the dirham-backed stablecoin DDSC, allowing it to list on regulated exchange platforms. Federal Oversight and the Retail Transition The UAE dirham-backed stablecoin DDSC has reportedly secured a no-objection certificate from the Central Bank of the UAE. The approval opens the door for DDSC …
Queensland Mother Discovered a $1.1 Million Lottery Win on Facebook
A Queensland mother learned she’d won 1.6 million Australian dollars, about $1.1 million, in the June 6 Saturday Gold Lotto after spotting a Facebook post from the Lott Members Club about a winning ticket sold near her. Because the ticket wasn’t registered, the couple only confirmed the jackpot after checking the numbers, and they plan …
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SARS Pushes New Crypto Tax Rules for 6 Million Users as Audits Ramp up Across South Africa
The South African Revenue Service (SARS) has published its guidance on the taxation of crypto assets to standardize compliance for an estimated 6 million local users. SARS Targets Six Million Users The South African Revenue Service (SARS) has released guidance on the taxation of crypto assets, a major regulatory push to standardize compliance across the …
Hyperliquid Helps VALR Launch Over 200 Perpetual Markets as Decentralized Liquidity Gains Ground
Crypto exchange VALR is introducing perps, a new derivatives product offering over 200 cross-asset perpetual futures markets. Evolution of the Perpetuals Market Cryptocurrency exchange VALR announced it is preparing to roll out a major expansion of its derivatives offering with the launch of “Perps,” a cross-asset perpetual futures product that will introduce more than 200 …
Coinbase Showcases Progress Toward All-in-One Financial Platform
A wide-ranging product recap showed how Coinbase has advanced its “every asset, every market, one platform” strategy across trading, payments, artificial intelligence, stablecoins, and on-chain infrastructure. How Coinbase Is Building Beyond Crypto Trading Crypto exchange Coinbase (Nasdaq: COIN) published on July 1 a monthly recap outlining progress toward making more assets tradable through a single …
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Ripple Joins America250’s Giving 4th Campaign, Pledges $10,000 XRP Donation Match for Veterans
Ripple joined America250’s Giving 4th campaign on July 4 with a pledge to match donations in XRP supporting the Call of Duty Endowment. The effort links Independence Day charitable giving with programs helping veterans move into civilian jobs. Why Did Ripple Join the Giving 4th Campaign? Ripple announced on July 4 its participation in Giving …
Moonbeam to pivot from Polkadot to Base, unveils AI agent framework
Moonbeam didn’t provide a timeline for when it would launch the AI agent platform but told GLMR holders to bridge their tokens from the Polkadot parachain to Base before July 31.
Bitcoin’s weekend rally faces a $66k trap as traders still hedge for another drop
Bitcoin climbed back above $62,000 once a weak US jobs report cooled bets on a near-term Federal Reserve rate hike, and the spot chart reads as a relief rally. The options desks trading Bitcoin’s futures are pricing something more guarded. The US Bureau of Labor Statistics put June payroll growth at just 57,000, well below …
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Bitcoin’s Freedom Money to set Independence day liquidity benchmark while Wall Street shuts down
Bitcoin keeps trading when Wall Street stops. Independence Day turns that design choice into a market demonstration. Official exchange calendars list all NYSE markets as closed Friday, July 3, while Nasdaq lists U.S. equity and options markets as closed for the Independence Day observance. Meanwhile, Bitcoin is available to trade freely on hundreds (if not …
Grayscale Spotlights the Applications Fueling Solana’s Rapid Growth
Grayscale says Solana’s growing application ecosystem is driving major on-chain activity, with the network averaging more than 100 million daily transactions year-to-date and supporting more than 1,000 decentralized applications. Why Applications Are Fueling Solana’s Growth Solana’s recent growth is being tied directly to the applications running on its network, according to Grayscale Head of Research …
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Central Banks Add 41 Tonnes of Gold in May as Record 45% Plan to Buy More
Central banks added a net 41 tonnes of gold to official reserves in May, World Gold Council data published July 2 shows, extending a buying wave that has averaged 1,000 tonnes a year over the past four years. A record 45% of reserve managers expect their own institutions to add more within the next 12 …
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Ethereum’s X Account Gets Fact-Checked by ZachXBT: ‘Proton Takes Bitcoin, Not ETH, for Subscriptions’
Onchain investigator ZachXBT publicly corrected the official Ethereum X account on July 4, pointing out that privacy company Proton accepts only bitcoin, not ether, as a cryptocurrency payment option for its subscriptions. The Callout Replying directly to a post from Ethereum’s official account, ZachXBT wrote on X: “Proton does not currently accept Ethereum as payment …
US Treasury Opens ‘Trump Accounts’ to Stock Donations as 6 Million Families Enroll
The U.S. Treasury will accept philanthropic donations of publicly traded stock to fund Trump Accounts, Secretary Scott Bessent announced two days before the children’s savings program launched, with more than 6 million families already signed up. How the Stock Donation Pipeline Works The Treasury Department said it will accept large philanthropic contributions of readily tradable …