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US Treasury moves forward with rules on GENIUS Act after July deadline

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The stablecoin bill signed into law last year is scheduled to go into effect in January 2027, potentially without finalized regulations from US government agencies.

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Coin Market

Microsoft confirms global outage resolved, rules out cyberattack

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Microsoft attributed the outage to a network capacity upgrade issue, confirming that the disruption was unrelated to cyberattacks or AI agents.

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Coin Market

MegaETH parent cuts 20% of staff amid restructuring, AI push

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MegaETH co-founder Shuyao Kong said the restructuring affected employees who helped build the project’s blockchain, wallet and ecosystem.

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Bitcoin ETFs shed $2.35B in two weeks as BlackRock’s losing streak hits 11 sessions

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US spot Bitcoin ETFs recorded $185.4 million in net outflows Friday, with BlackRock’s IBIT accounting for $143.5 million and Fidelity’s FBTC shedding $41.9 million.

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