Biden’s Odds of Dropping Out Jump to 55% on PolyMarket as Obama Raises ‘Concerns’ About Presidential Campaign

Traders are now giving a 55% chance President Biden abandons his campaign and a 42% chance he does it before the Democratic conventionSource

Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody

The Monetary Authority of Singapore released its stablecoin framework last year.Source

Ether Spot ETFs to See Up to $5B of Net Inflows in First Six Months: Gemini

Ether’s market value relative to bitcoin is close to multiyear lows, and strong inflows into spot ETH ETFs could spark a catch-up trade, the report saidSource

Ethereum Products See Highest Outflows Since 2022 Ahead of Ether ETFs

Ether-tracked investment products have collectively lost nearly $120 million in the past two weeks while bitcoin products recorded inflows.Source

Bitcoin Traders Position for ‘Bullish July’ as BTC ETFs Record $124M Inflows

Bitcoin has a median return of 9.6% in July and tends to bounce back strongly, one trading firm said.Source

Crypto-Friendly Silvergate Bank Pays $63M to Settle Charges With SEC, Fed, California Regulator

The U.S. Securities and Exchange Commission filed a complaint against Silvergate Bank’s parent entity and its former executives on Monday.Source

Circle Snags First Stablecoin License Under EU’s New MiCA Crypto Rules

Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA.Source

Marine Le Pen’s Far-Right National Rally Party Leads in First Round of French Election

The far-right party associated with Marine Le Pen led in the first round of France’s two-part election.Source

Metaplanet Buys Another $1.2M Worth of Bitcoin as Investment Strategy Progresses

The Japanese investment adviser said it acquired more than 20.2 BTC.Source

Abra Launches Treasury Service for Corporates That Want to Hold Crypto

The service will provide corporates, family offices and non-profits with a range of digital asset treasury management solutions.Source