THE BLOCK: A fatwa on crypto? Pakistan's most influential Islamic scholar ruled purchases made with USDT or any other token impermissible under Sharia, calling crypto "fictitious numbers in an account."
Days later, the country's crypto regulator sat down with him to push back.
THE BLOCK: Michael Saylor posted Strategy's bitcoin tracker Sunday with an ambiguous caption: "Orange dots tell only part of the story."
It's his first Sunday chart post since Strategy sold 3,588 BTC for $216 million, its largest sale ever.
THE BLOCK: An attacker borrowed roughly $9.05 million from Hedera $HBAR lending protocol Bonzo Lend using a manipulated SAUCE price accepted by a flawed Supra oracle verifier.
A second wallet borrowed another $1 million during the exploit window but identified itself as a white
THE BLOCK: U.S. spot bitcoin ETFs took in a net $197.4 million in the week ending July 10, their first positive week since early May, snapping a record eight-week outflow streak that drained $8.26 billion.
Spot ether ETFs added $84.4 million, ending their own eight-week slide.
THE BLOCK: Congress returns to Washington on Monday with the clock ticking on crypto market structure legislation.
Sources say the latest text of the Clarity Act could be released as soon as next week — but lawmakers have only a short window before the August recess.
THE BLOCK: The DOJ plans to drop charges against the alleged ringleader of the $722 million BitClub crypto ponzi scheme, says Bloomberg.
The move would reverse course on a 2019 indictment that was nearing trial, according to the report.
THE BLOCK: SK Hynix’s $26.5 billion U.S. listing was made available to Telegram users as tokenized shares via xStocks. $SKHY
Wallet in Telegram, the native crypto wallet built into the messaging app, offers access.
THE BLOCK: Empery Digital trimmed its bitcoin treasury, selling 1,400 BTC for $87.1 million to help fund its AI data center project, repay debt and cover legal costs.
The company still holds 1,514 BTC, worth nearly $100 million.
