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๐จ CMC News: XAUt0 Launches Omnichain Gold Token on TON Network
Tether has unveiled XAUt0, the omnichain version of its gold-backed stablecoin $XAUt, with first deployment on TON Network.
The token enables seamless movement across blockchains using LayerZero's Omnichain Fungible Token standard.
XAUt0 maintains 1:1 backing through 7.7 tons of London Bullion Market Association-certified gold in Swiss vaults.
Unlike traditional gold ETFs offering only price exposure, XAUt0 provides direct ownership with 24/7 access and physical redemption options.
The omnichain deployment opens new DeFi possibilities, including multichain lending and gold-FX arbitrage strategies.
The current $XAUt market cap stands at $770 million with independently verified reserves following ISAE 3000 standards.
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๐จ CMC News: $BTC Holds Above $104K Despite Tariff Tensions
$BTC maintained support above $104,000 as Trump escalated U.S.-China tensions, hiking steel and aluminum tariffs to 50%.
Markets absorbed nearly $1 billion in liquidations triggered by renewed geopolitical uncertainty.
BlackRock's Bitcoin ETF recorded $430 million outflows on May 30, ending a record 34-day inflow streak.
Trump accused China of violating the mid-May trade agreement, prompting Beijing to threaten "forceful measures."
Analysts note risk reversals have normalized with perpetual funding rates turning flat, suggesting muted short-term price volatility ahead.
QCP Capital expects range-bound trading between $100K and $110K until July 8, citing limited policy catalysts.
๐ Sector Moves & Money Flow:
Donut raised $7M to build a Solana browser that reads pages and acts on-chain. Safello bought 229 TAO, pushing its Bittensor stack to 700 tokens. Grayscale dropped an AI crypto report, spotlighting TAO as the sectorโs crown jewel.
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๐จ CMC News: SEC Faces Internal Criticism Over New Crypto Staking Guidelines
The Securities and Exchange Commission has sparked controversy with fresh guidance exempting certain staking services from securities registration.
Former SEC enforcement chief John Reed Stark called the shift "shameful abdication" of investor protection duties.
Commissioner Caroline Crenshaw warned that the guidance contradicts established case law and the Howey test precedent.
The agency previously alleged that exchanges like Coinbase offered unregistered securities through staking programs.
Cases were ultimately dismissed in early 2025 as part of the SEC's broader regulatory pivot.
Critics argue the Commission's "fake it till we make it" approach creates more confusion than clarity.
The deregulatory moves include closing investigations, dropping lawsuits, and launching industry roundtables.
๐จ CMC News: $BONK Launches Kill-To-Earn Shooter Game on Solana Network
$BONK has unveiled its first official video game through developer Bravo Ready's "Bonk Arena" platform.
Players pay 10,000 $BONK tokens ($0.17) to spawn and earn tokens for each elimination.
The top-down arcade shooter operates on a "pay-to-spawn, win-to-earn" economic model.
Winners inherit stakes from eliminated players, with service fees ranging from 0% to 10%.
The game launches exclusively through Phantom Wallet's web and mobile platforms.
Bravo Ready allocated $10,000 in $BONK for additional rewards during the launch campaign.
Half of the generated revenue will fund token burns, rewards, and charitable donations through Bonk for Paws.
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๐จ CMC News: TGBP Stablecoin Launches as U.K. Regulatory Framework Takes Shape.
BCP Technologies has launched its British pound-backed stablecoin $TGBP on the Ethereum blockchain.
The FCA-registered firm positions the token as a "live proof-of-concept" for upcoming U.K. stablecoin regulation.
Each $TGBP token represents one British pound held in segregated bank accounts.
The company plans to eventually back the stablecoin with short-term U.K. government bonds in line with FCA proposals.
BCP will participate in FCA roundtable discussions on July 4 regarding new regulatory frameworks.
Major exchanges are expected to list $TGBP in the coming weeks following a 14-month regulatory submission process.
The pound stablecoin market remains largely untapped, with existing options having less than $500,000 combined market cap.
BCP targets use cases including cross-border payments, institutional collateral management, and tokenized asset settlement.