Billionaire Crypto Investor Faces $132,000 Donation Cap as UK Bill Squeezes Overseas Funding

A Thailand-based crypto billionaire’s attempt to influence Nigel Farage and Reform UK is set to be blocked by an upcoming UK legislative crackdown on political donations, despite his efforts to bypass the rules. The Kingmaker and His Deep Pockets A bid by Thailand-based crypto investor and British billionaire Christopher Harborne to maintain his multi-million-dollar funding […]

Here’s what happened in crypto today

Today in crypto, Europe’s crypto industry saw major developments this week, from a crackdown on crypto-related kidnappings to the end of MiCA’s transition period. Meanwhile, there are fresh efforts to accelerate institutional Ethereum adoption.France to strengthen response as crypto wrench attacks hit 77France averaged nearly three crypto wrench attacks per week this year, with French Interior Minister Laurent Nuñez confirming there were 77 kidnapping, extortion or attempted extortion incidents linked to crypto in the first half of 2026. Nuñez said Tuesday that the 77 incidents recorded so far this year are up sharply from the 45 recorded in all of 2025, according to local outlet BFM Business.“These are serious matters, and your concern is legitimate,” he told the Association for the Development of Digital Assets (ADAN) as he promised more government support.France has become one of the biggest hot spots for crypto wrench attacks, where criminals use physical violence to coerce victims into handing over crypto. Approximately 11% of French people own cryptocurrencies, according to ADAN, which equates to about 7.3 million people. Europe is becoming a hotbed for wrench attacks in 2026. Source: CertiKJoe Lubin-backed nonprofit targets institutional Ethereum adoptionA new independent nonprofit backed by Ethereum co-founder Joe Lubin, Bitmine Immersion Technologies and SharpLink has launched to help drive institutional adoption of Ethereum by serving as a liaison for banks, asset managers and other financial institutions.The organization, Ethereum Institutional, aims to provide education, industry research, standards development and events while expanding its presence beyond New York, London, Hong Kong and Singapore into other financial hubs.The launch comes as Ethereum continues to dominate key institutional crypto markets, hosting nearly 58% of tokenized real-world assets and roughly half of all stablecoins, even as rival blockchains intensify efforts to attract institutional capital.The initiative also coincides with a broader shake-up across the Ethereum ecosystem. The Ethereum Foundation has undergone leadership changes and restructuring this year, while new independent organizations, including Ethlabs, have emerged to support Ethereum’s long-term development.Source: Ethereum InstitutionalLast-minute MiCA approvals mark end of EU transition periodA slew of last-minute licenses were issued to cryptocurrency companies in Europe as Wednesday marked the end of the transitional period under the Markets in Crypto-Assets Regulation (MiCA).Four companies were authorized in Italy this week, including asset management platform Hodlie, crypto exchange Young Platform, trading platform CryptoSmart and crypto service provider Hercle, bringing Italy’s total to eight authorized crypto asset service providers (CASPs), according to a Tuesday announcement from the Bank of Italy. The central bank said the country’s financial regulator, Consob, approved the licenses in coordination with it.The French financial markets regulator, Autorité des marchés financiers (AMF), also added three new companies on Tuesday, including crypto investment platform Mereau Finance, blockchain infrastructure provider Iceblock and crypto service provider Aplo, bringing the total number of licensed CASPs to 31.In Malta, digital asset prime broker FalconX announced Monday that it had received a MiCA license, while Venga announced on Wednesday that it had received CASP authorization from Spain.The licenses were issued during the final stretch of MiCA’s 18-month transitional period, which ended on Wednesday. By Friday, the European Securities and Markets Authority’s (ESMA) interim register showed 244 authorized CASPs across the European Union and European Economic Area.France’s whitelist includes newly licensed CASPs. Source: AMF

Why Is The Crypto Market Up Today?

The crypto market climbed about 1% on July 2, 2026, as the total crypto market cap reclaimed $2.05 trillion after defending its $2 trillion floor. That floor has absorbed every sell attempt in recent days, giving buyers a base to work from. A red session on Wall Street and signs of whale buying added to […]

OpenAI Reportedly Floats Handing Washington a 5% Equity Slice

OpenAI has reportedly proposed giving the US government a 5% stake, a position valued at nearly $42.6 billion. The Financial Times reported the story on Thursday. The administration’s appetite for the deal is unknown. OpenAI Reportedly Offers Trump Administration 5% Stake  CEO Sam Altman raised the 5% figure during initial talks with President Donald Trump’s […]

Amazon designs custom AI chips for Echo and Fire TV devices

Amazon’s custom AI chips enhance device performance, fostering a more responsive and integrated smart home ecosystem, reducing cloud dependency. The post Amazon designs custom AI chips for Echo and Fire TV devices appeared first on Crypto Briefing.