President Biden Thanks Nigerian President for Binance Exec’s Release: White House

U.S. President Joe Biden called Bola Tinubu, the President of Nigeria, on Tuesday to personally thank him for the recent release of detained American Binance executive Tigran Gambaryan.Source

Crypto Trading Firm DWF Labs Fires a Partner After Drink-Spiking Allegations

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Crypto Ghosted in U.S. Treasury Department’s New Strategy on Financial Inclusion

The U.S. Treasury Department has a new strategy for financial inclusion to help people get access to the financial system, but the 35-page report references cryptocurrency only once – to tout Treasury’s work on flagging the industry’s hazards.Source

Solana-Based RWA Platform AgriDex Taps Stripe’s Bridge to Lower Cost for Agricultural Trade Settlements

AgriDex is an example of how stablecoins are being increasingly used as a payment vehicle in emerging regions as a cheaper alternative for traditional banking rails.Source

Crypto Stocks MicroStrategy, Coinbase and Marathon Post Just Modest Gains as Bitcoin Eyes Record High

A notable outperformer was bitcoin miner Bitfarms, which nominated a new board member amid its proxy battle with Riot Platforms.Source

Bitcoin Tops $70K for First Time in More Than Four Months

The price still remains below its record high of $73,700 hit in early March of this year.Source

US Crypto Regulation Needs a Hard Fork

These simple modifications to the SEC’s current regulatory framework for crypto asset issuance, staking, custody and trading can foster greater innovation without relying on new acts of Congress, says Willkie’s Mike Selig.Source

Dogecoin Jumps 10%, Outperforming on Trump Popularity as Bitcoin Nears $70K

Bitcoin’s “bullish setup” into the U.S. election next week mirrors late 2020, which preceded a 120% rally in two months, Matthew Sigel of VanEck said.Source

Hong Kong SFC to Establish ‘Consultative Panel’ for Licensed Crypto Exchanges

The SFC’s Eric Yip said the panel will include representatives from each licensed exchange.Source