| | Plus, scammer behind $1.8B crypto ring escapes—and taunts his victims. | ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ | View in browser | | | | | | July 18, 2025 | | | | | – Hey, it's Monica from Cointelegraph. Your daily dose of Web3 hits are locked and loaded. | | | | | Your Daily Digest of the π₯Hottest News in Crypto | | | Today's top stories: π Trump signs the GENIUS act into law π $1.8B crypto fraudster vanishes—then gloats π CZ called it—Web3 trading is NOT built for scale π° Keep reading for today's biggest headlines & stories | | | | Trump Signs Crypto Into Law—Flanked by Industry Power Players We watched the signing ceremony unfold like a victory lap for crypto's old guard. With the stroke of a pen, Trump made the GENIUS Act law—and front-row seats went to Armstrong, Allaire, the Winklevii, and even Tenev. Once mocked and sidelined, crypto execs are now standing behind the president, basking in political validation. But don't mistake the fanfare for finality—the hard part is just beginning. | | | | | Scammer Behind $1.8B Crypto Ring Escapes—and Taunts His Victims You can't make this up. The alleged ringleader of a fake crypto platform tied to the Dubai Gold and Commodities Exchange escaped arrest and is now publicly mocking the people he defrauded. While four others sit in Hong Kong police custody, this guy's online bragging about "outsmarting idiots." It's a grim reminder that regulation can't move fast enough—and the scams are only getting bolder. | | | | | | | | Trump's CFTC Pick Could Rewrite Crypto Oversight Brian Quintenz is heading to the Senate floor—and if confirmed, he could become the most powerful figure in U.S. crypto regulation. As Trump's pick for CFTC chair, he's walking into a moment where oversight authority is shifting fast. If the legislation passes, the SEC may lose ground—and the CFTC could take the wheel. This nomination isn't just a formality. It's a flashpoint. | | | | | | | | | Bitcoin's Wall Street Era Comes with a Price Tag Bitcoin's playing in the big leagues now—backed by institutions, hedged by hedge funds, and traded in sync with the S&P. But the same capital that brings price stability also brings risk: regulatory creep, systemic exposure, and a slow erosion of Bitcoin's core ethos. We wanted legitimacy. We got it. But at what cost? | | | | | | | | | OPINION CZ's Not Wrong—Web3 Trading Still Can't Handle the Big Dogs | | | | | Web3 has the vision. What it doesn't have is infrastructure for serious capital. CZ's call for a dark-pool DEX isn't hype—it's a necessary correction. Right now, large trades get picked apart by MEV bots, execution isn't private, and scale is laughable. Until that changes, institutional money will keep hovering at the edge, unwilling to dive in. | | | | | | | | | —Written by Monica Hutchison | | | | 4.6 million people follow us on social media. You should too. | | | | | | | | | Cointelegraph Consulting Limited | | 20/F, Strand 50, 50 Bonham Strand Sheung Wan, Hong Kong Hong Kong | | | You received this email because you signed up on our website. | | Download our official app: | | | | | | | | | | | | | | | |