News & Research

Two individuals in South Korea have been arrested and indicted for luring a victim into a robbery under the pretense of an over-the-counter (OTC) cryptocurrency transaction, according to Yonhap News. The suspects allegedly contacted the victim through social media and proposed meeting in person for the trade. When the victim entered a vehicle parked in an underground parking lot, the duo overpowered him and fled with a bag of cash.

Swedish health tech firm H100 Group has raised an additional $54 million through a stock and convertible bond offering. The company plans to use the proceeds to support its Bitcoin (BTC) accumulation strategy.

LQWD Technologies Corp., a Canadian company specializing in Bitcoin Lightning infrastructure, has upsized its previously announced brokered and non-brokered private placement to C$12.3 million ($9 million), according to a press release on GlobeNewswire. The net proceeds will be used to acquire Bitcoin and support general corporate purposes.

Polygon (POL), a layer-2 scaling solution, is set to implement the Heimdall version 2 (v2) upgrade on July 10, according to The Block. Described as the most technically complex hard fork since the 2020 launch of Polygon's proof-of-stake (PoS) network, the upgrade aims to reduce finality to around five seconds and address legacy technical debt.

In its The Bitcoin Monthly June 2025 Report released on the official website, global asset manager ARK Invest highlighted that the ratio of global M2 supply to Bitcoin supply has set a 12-year high. According to the report, one Bitcoin in circulation is now equivalent to approximately $5.7 million in global M2 supply. ARK Invest expects the ratio to continue to rise in light of the diminishing future supply growth of Bitcoin and the sustained expansion of global liquidity.

U.S. spot Ethereum (ETH) ETFs recorded a combined net inflow of $29.5 million on July 8, marking the third consecutive trading day of inflows, according to @FarsideUK on X. BlackRock’s ETHA led the inflows with $25.3 million, followed by Bitwise’s ETHW with $4.9 million. Fidelity’s FETH saw a $0.7 million net outflow, while the remaining ETFs reported no change in holdings for the day.

A U.S. federal judge has ruled that the U.S. Treasury Department’s Office of Foreign Asset Control’s (OFAC) sanctions against crypto mixer Tornado Cash cannot be introduced as evidence in the upcoming trial of developer Roman Storm, according to CoinDesk. Originally imposed in August 2022, the sanctions were lifted in March 2024 after a Texas court deemed them unlawful. Judge Katherine Polk Failla stated that any mention of the sanctions will be barred unless prosecutors provide compelling evidence related to Storm’s conduct after the sanctions took effect. Prosecutors have until July 10 to submit such material.

Nasdaq-listed media firm GameSquare has raised $8 million through a public stock offering to fund its new Ethereum-based treasury strategy, according to a press release on ACCESS Newswire. The company’s board has approved up to $100 million for phased Ethereum investments, aiming to generate on-chain yields and strengthen its balance sheet.

Four major dollar stablecoin issuers collectively hold $182 billion in U.S. Treasuries, CryptoSlate reported. Tether (USDT) leads with over $125 billion, followed by Circle’s USDC at $55.2 billion, First Digital’s FDUSD with $1.3 billion and Paxos’ PYUSD with $880 million. Their combined holdings exceed those of Saudi Arabia, South Korea and the United Arab Emirates.

Two men have been indicted in Puerto Rico for allegedly operating and promoting OmegaPro, a $650 million international crypto scheme, the U.S. Department of Justice announced in a July 8 press release. The defendants are accused of selling fraudulent “investment packages,” falsely promising 300% returns over 16 months through advanced forex trading. Victims were instructed to pay in cryptocurrency, which was allegedly funneled through wallets controlled by OmegaPro executives and distributed to insiders to obscure the funds’ origins.