According to Cointelegraph, Daniel Ianello, accused of orchestrating an exit scam involving the crypto project The Phoenix, has filed a motion to dismiss a lawsuit against him in a Tennessee federal court. The complaint alleges that Ianello took control of Phoenix Community Capital in October 2022 and executed actions resembling an exit scam. After assuming control, he reportedly shut down the project's smart contracts and moved substantial investor funds. Plaintiffs claim he deleted posts on Discord, removed earlier versions of the Phoenix website, and announced that the smart contracts would not be restored. In his defense, Ianello argues that he is a Michigan resident with no significant ties to Tennessee, asserting that the court lacks personal jurisdiction over him. He maintains that he did not sell any securities, as he joined the company by acquiring its assets after the alleged sales. Ianello further contends that he made no statements regarding the investments and accuses the plaintiffs of unjustly associating him with The Phoenix and its founders. The Phoenix, now with a deleted website, had promised significant returns to its token holders through a profit release mechanism, leveraging a large capital pool of community assets for investment opportunities. It also claimed to offer an in-house incubation program to fund and manage new projects, purportedly leading to high-profit sharing with the community. Crypto scams continue to be a significant concern in the industry. A recent report by blockchain security firm CertiK highlights that losses from crypto hacks, exploits, and scams surged to $2.47 billion in the first half of 2025. Cointelegraph also reported on a self-claimed victim of a crypto romance scam who has filed a second lawsuit against two banks after previously suing Citibank for missing red flags. Additionally, a man involved in a crypto Ponzi scheme was sentenced to nearly eight years in prison by a federal judge in Brooklyn, New York, underscoring the ongoing challenges posed by fraudulent activities in the crypto sector.

Binance Earn announced a promotion of Simple Earn SOL Flexible Products with a daily Wormhole (W) giveaway. Wormhole (W) is a generic message passing protocol that enables communications between blockchains.Users who hold SOL Flexible Products from July 4, 2025 00:00 (UTC) to July 17, 2025 23:59 (UTC) will receive an APR Boost Giveaway in W Rewards on a daily basis, with the total reward pool consisting of 2,907,140 W.W APR Boost Giveaway Rewards will be automatically distributed to eligible Simple Earn SOL Flexible Products users’ Spot Accounts daily from July 5, 2025 10:00 (UTC).  

Catenaa, Friday, July 04, 2025- Intel has begun layoffs of more than 100 employees in California, including chip design engineers and architects, as part of a broader restructuring effort announced by CEO Lip-Bu Tan. The cuts are scheduled to start July 15 and follow Tan’s earlier warning that 15% to 20% of the company’s workforce […] source: https://investors.catenaa.com/news/intel-cuts-hundreds-of-california-engineers-shuts-down-automotive-chip-unit

Key Takeaways: Bitcoin holds above $100,000 with strong ETF inflows, ending Q2 with gains over 30%. Ethereum remains below $3,000 but saw its revenue jump 133.7% over three months, outpacing Solana. Solana enters a critical July with key support at $130 and resistance near $160, as experts see potential for $175 or a drop to $115 source: https://cryptonews.com/reports/what-could-july-bring-for-bitcoin-ethereum-and-solana/

TL;DR Binance’s Institutional clients can tap up to 4× leverage on loans from $1M to $10M in USDT/USDC with an innovative rebate model that can drive interest rates down to zero. Cross-collateralization lets firms pool assets (BTC, ETH, BNB, and 400+ others) across up to ten sub-accounts into a single credit line for instant, spot-like. . . source: https://crypto-economy.com/binances-new-loans-offer-4x-leverage-with-zero-interest/

Daniel Ianello has asked a Tennessee court to dismiss a lawsuit accusing him of orchestrating an exit scam after taking over crypto project The Phoenix. source: https://cointelegraph.com/news/fire-investors-allege-fund-grab-ceo-moves-to-dismiss-case?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Roman Storm, Tornado Cash co-founder, faces trial over money laundering and conspiracy charges involving cryptocurrency mixing. source: https://coincu.com/346779-roman-storm-trial-tornado-cash

According to PANews, the United States is rapidly advancing legislation related to cryptocurrencies. On July 4, the 'Big and Beautiful Act' was passed in the House of Representatives. This legislative move comes amid a macroeconomic backdrop of fiscal expansion, which may undermine market confidence in the U.S. dollar and Treasury bonds. Concurrently, tax reduction policies and fiscal stimulus measures are creating a more favorable environment for crypto assets. Additionally, the 'Genius Act' and 'Clarity Act,' focusing on stablecoins and market structure, are currently under review in the House. These bills are expected to see significant progress during the 'Crypto Week' on July 14. PANews provides detailed insights into the core content and latest legislative developments of these five key bills.

source: https://www.benzinga.com/markets/cryptocurrency/25/07/46259508/amber-international-raises-25-5m-to-enhance-100m-crypto-ecosystem-reserve?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

US spot Bitcoin exchange-traded funds have rebounded sharply, recording over $1 billion in net inflows across Wednesday and Thursday after a brief setback. source: https://cryptonews.com/news/us-spot-bitcoin-etfs-see-1b-inflows-in-two-days-after-brief-outflow-streak/

Bitstamp, one of the world’s longest-running cryptocurrency exchanges, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), the company announced Thursday.

FTX has paused creditor payouts in 49 countries due to legal concerns about local crypto restrictions, with most frozen funds linked to users in China. Creditors must wait for legal approval before payments resume, and some are planning to challenge the freeze in court.

俄罗斯拟对向海外企业及矿池出租挖矿设备或数据中心的公司征收增值税。

BTC,美国,比特币再次站上11万 牛回？ 金色财经,比特币缓慢上涨，疯牛却难再现

A solo Bitcoin miner with a small setup managed to mine a full block and earn nearly $350,000, beating long odds of around 1 in 2,800. The win highlights that even with modest equipment, small miners can occasionally succeed in a space dominated by large industrial operations.

Robinhood,链上股票起飞：Robinhood 与 xStocks 竞争布局 金色财经,对加密行业来说，这又是历史性的一周。

A scammer located in Nigeria has allegedly impersonated Steve Witkoff, the co-chair of the Trump-Vance Inaugural Committee, by making use of a barely noticeable type.

Robinhood 盯上 4 亿人口市场：24 小时股票交易登陆欧盟。

The founder of WhiteRock Finance was arrested in the UAE over his suspected role in a $30 million scam linked to the failed crypto project ZKasino. The news caused WhiteRock’s token to crash, as investigators revealed forged partnerships and missing investor funds.

Speaking at a central banking conference in Sintra, Portugal, Lagarde emphasized that stablecoins have the potential to erode the authority of central banks and blur the lines between private and public money.