Binance to restrict transactions involving HTX, 10 other crypto platforms
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The UK is considering tightening rules on political donations, potentially restricting contributions from crypto billionaires to the Reform Britain party.
BlockBeats reported on July 6th that the UK government announced a new round of political donation reforms, proposing to extend the £100,000 cap on overseas donations to the first year after the donor becomes a UK resident, and to raise the scrutiny standards for corporate political donations, in order to further restrict the inflow of foreign funds into UK politics. The new regulations build on the ban on cryptocurrency political donations implemented in March of this year and are expected to be submitted to Parliament for final review next week. Analysts believe the new regulations may affect the political donation capabilities of key crypto industry supporters of the Reform Party (Reform UK). Christopher Harborne, an investor holding approximately 12% of Tether's shares, has donated approximately £12 million to the Reform Party and is registered to vote in the UK; BitMEX co-founder Ben Delo has donated approximately £4 million and has stated his intention to return to the UK to settle, at which point his political donations within a year of his return may be subject to the £100,000 cap. The report states that none of the donations were in cryptocurrency, and the Reform Party stated that all donations complied with current regulations. Meanwhile, party leader Nigel Farage is also facing further investigation for allegedly failing to declare non-cash support from supporter George Cottrell.
Vietnamese police reported on the ONUS cryptocurrency case, seizing over 350 kilograms of gold and silver and freezing eight real estate transactions.
Foresight News , citing Vietnam's Tuoi Tre newspaper, the Vietnamese Ministry of Public Security recently held a press conference to report on the investigation into the ONUS cryptocurrency case. A representative from the Investigation and Security Department (A09) of the Ministry of Public Security stated that in the investigation of the ONUS cryptocurrency exchange's alleged embezzlement, police have seized over 350 kilograms of gold and silver, frozen transactions involving eight properties worth 200 billion Vietnamese dong, and suspended over 300 bank accounts used by the defendants to trade with investors. On March 23rd of this year, police filed criminal charges against eight defendants, accusing them of using computer and telecommunications networks to commit embezzlement and money laundering. Since 2018, the perpetrators have exploited the public's lack of understanding of cryptocurrencies, creating digital accounts through applications and packaging them as virtual currencies. They built trust and attracted investment through cyclical buying and selling between affiliated companies, ultimately embezzling funds. Between 2018 and 2021, they sold over 7 trillion Vietnamese dong worth of cryptocurrency. A representative from A09 stated that the case involves numerous individuals and users, with approximately 5 million user accounts currently in operation. Police have received over 2,000 reports from citizens, and the recovery of assets is ongoing. They are also investigating whether social media influencers colluded with the defendants in promoting the cryptocurrency.
Binance Research released a stablecoin industry report: platform stablecoin reserves reached $53 billion, with market share rising to 57%.
Odaily Odaily that Binance Research has released an industry report titled "Stablecoins: Reshaping the Financial Landscape." The report shows that as of now, Binance's stablecoin reserves have reached $53 billion, increasing its market share from 54% to 57%, approximately $42 billion higher than the second-largest exchange. Meanwhile, in the first five months of 2026, the cumulative trading volume of TradeFi-related perpetual contracts exceeded $1.1 trillion, with Binance accounting for over $500 billion, representing approximately 47% of the market share. Furthermore, since 2022, Binance Wealth Management has distributed $1.2 billion in yield to over 14 million stablecoin users; BNB Chain sees 10 million daily stablecoin transactions and 15 million monthly active addresses, representing a market share of approximately 24% by transaction volume. The report points out that stablecoins are evolving from crypto asset trading tools into a crucial global financial settlement infrastructure, and Binance has built a one-stop stablecoin financial ecosystem covering trading, payments, yields, investment, and on-chain ecosystem.
Brazilian police have dismantled a cryptocurrency money laundering network linked to the PCC, involving nearly $2 billion.
According to Foresight News News, Brazilian federal police launched Operation "Exchange" on Friday, targeting a criminal organization linked to the First Capital Command (PCC), Brazil's Specially Designated Global Terrorist Group (SDGT). This organization is accused of using cryptocurrency and cash to launder money and transfer illicit funds from Florida to Brazil. The operation involved 50 police officers who executed 13 search and seizure warrants and 11 provisional arrest warrants at multiple locations in São Paulo state. Authorities estimate that the criminals laundered nearly $2 billion through this money laundering scheme, mixing peer-to-peer transactions, large bank transactions, and cash transactions. However, as the investigation is ongoing, it has not yet been determined whether any exchanges were involved. On July 1, two suspects, Victor Henrique de Oliveira Shimada and Stella Stefanie Nunes Henrique de Oliveira, who were suspected of involvement in the organization, were added to the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctions list along with three Brazilian companies and one Portuguese company due to their affiliation with the First Capital Command (PCC).
Over the past 7 days, 4932.87 BTC have flowed into CEX platforms, and 2006.76 BTC have flowed into Binance.
PANews reported on July 5th that, according to Coinglass data, 4,932.87 BTC flowed into CEX platforms over the past 7 days. Among them, Binance saw an inflow of 2,006.76 BTC, OKX saw an inflow of 1,999.85 BTC, Kraken saw an inflow of 848.24 BTC, Coinbase Pro saw an outflow of 110.81 BTC, and Bitfinex saw an outflow of 113.06 BTC.
Binance: The effectiveness of MiCA is measured by the number of crypto companies included in the regulatory system.
Odaily reports that Binance withdrew its MiCA license application in Greece due to approval delays and regulatory uncertainty, and was forced to suspend some services and new registrations for EU users a few days before the July 1st deadline. Gillian Lynch, Binance's head of Europe, stated that the success of MiCA should be measured by how many crypto companies are brought under the regulatory framework, and defended Binance's financial crime control measures, refuting allegations in a recent Wall Street Journal report. Lynch stated that removing Binance from MiCA would harm the European crypto market by removing key liquidity and infrastructure, and Binance remains committed to obtaining a new license and remaining in Europe. (CoinDesk)