The scam highlights vulnerabilities in digital communication, emphasizing the need for enhanced cybersecurity measures and public awareness to prevent fraud. China Business Journal warns of fraudsters demanding Bitcoin payments in impersonation scam.
Following the Federal Reserve's decision to hold interest rates steady, Bitcoin briefly surged past $65,000 to a daily peak of $65,100 before facing selling pressure. It settled around $64,700, pushing its market cap to $1.3 trillion and keeping it on track for an over 10% gain in July.
Morgan Stanley's new Ethereum and Solana exchange-traded funds drew $33 million on their second trading day, outperforming larger rivals and giving the Wall Street firm an early foothold in two increasingly competitive markets. The Morgan Stanley Ethereum Trust, trading under the ticker MSSE, attracted $14.
Scott Bessent urged the Senate to immediately vote on the crypto market structure bill, accusing Democrats of delaying the legislation for political reasons.