Crypto News Today (July 10): BTC Surging Toward $65K, Polymarket Eyeing Margin Trading, and Interpol Busts $122M Crypto Scheme
In crypto news today (July 10), Bitcoin has continued its rally from yesterday, holding above $63,000 and up 0.8% over the past 24 hours, trading at $63,800. Liquidations continue to drop, sitting at $191M today, down from $282M yesterday, with over $137M of that figure coming from short positions, a flip from yesterday and a signal that bears were punished as Bitcoin grinds toward $65,000.
Yesterday marked a second consecutive day of negative ETF flows for Bitcoin, following a three-day stretch that saw more than $500M in inflows. July 9 saw $95M in Bitcoin sold across various funds, with $63M of that from Fidelity’s FBTC ETF.
While the majority of tokens are up today and the total crypto market cap has surged by +1.5%, Ethereum (ETH) and Hyperliquid (HYPE) are two notable projects in the red, down -0.4% and -1.8%, respectively.
The Fear & Greed Index is still firmly in ‘Extreme Fear’, up 1 point from 22/100 to 23/100 today. Until Bitcoin breaks cleanly above $65,000, the index is likely to remain within the 15-25 range.
Market Cap
Crypto News Today: Polymarket Looking to Launch Margin Trading in the US
Polymarket, a prediction market platform, has begun securing approvals to offer margin trading in the US. This feature would enable users to trade on event outcomes with only a fraction of the capital typically required.
According to the National Futures Association’s BASIC system, Coming Home GBA LLC has submitted applications through PM Derivatives LLC to register as a futures commission merchant (FCM) and obtain related approvals.
PM Derivatives LLC filed the primary documents on July 3. The company is applying for registration as an FCM, membership in the NFA, and designation as a swap firm. It’s important to note that Coming Home GBA is an affiliate of Polymarket.
Nonetheless, Polymarket will still need approval from the US Commodity Futures Trading Commission (CFTC) to fully implement leveraged trading.
In comparison, rival platform Kalshi is further along in this approval process. In March 2026, its affiliate, Kinetic Markets LLC, received NFA approval and was registered as both an FCM and a swap firm, positioning it to offer margin trading.
In June, both Kalshi and Polymarket recorded their highest monthly trading volumes to date. Kalshi generated $33Bn in trading volume, while Polymarket and its US entity reported nearly $14Bn in combined trading volume.
Polymarket is reportedly seeking U.S. regulatory approval to offer margin trading.
If approved, it would mark another big step towards bringing prediction markets further into the regulated financial system.
The line between traditional finance and crypto keeps getting thinner. pic.twitter.com/eKMMS0cJSs
— That Martini Guy ₿ (@MartiniGuyYT) July 10, 2026
Interpol Uncovers $122M Crypto Laundering Scheme Tied to Romance Scams
In other crypto news today, Interpol has uncovered an international money laundering operation linked to romance scams. According to the organization, a cryptocurrency wallet associated with the suspects processed more than $122.5M over a ten-month period.
As stated in an Interpol press release, Thai authorities have arrested two individuals allegedly involved in laundering proceeds generated through romance fraud schemes. The suspects reportedly converted stolen funds into cryptocurrency and used cross-chain token swaps to obscure the assets’ origins.
This investigation was carried out as part of Operation First Light 2026, an international initiative coordinated by Interpol, which involved law enforcement agencies from 97 countries and territories.
The operation led to the arrest of 5,811 suspects, the seizure of approximately $293M in illicit assets, and the freezing of 31,014 bank accounts.
Authorities also resolved 23,715 criminal cases and identified 15,606 individuals as suspects. Interpol indicated that investigators focused on bank accounts and cryptocurrency wallets used for moving criminal proceeds.
Additionally, authorities in Palau deported 22 individuals who were allegedly working at two scam compounds disguised as hotels. According to investigators, these groups used cryptocurrencies and illegal gambling websites to defraud foreign victims.
Interpol noted that social engineering schemes remain among the most significant global threats and emphasized that combating them requires close international cooperation.
INTERPOL: Global Fraud Bust Arrests 5,811; Suspect’s Crypto Wallet Processed $122.5M
INTERPOL said Operation First Light 2026, spanning 97 countries and territories, resulted in 5,811 arrests and the interception of $293 million in illicit assets. Thai authorities uncovered a… pic.twitter.com/JmkQCfTtqp
— Wu Blockchain (@WuBlockchain) July 9, 2026
The post Crypto News Today (July 10): BTC Surging Toward $65K, Polymarket Eyeing Margin Trading, and Interpol Busts $122M Crypto Scheme appeared first on 99Bitcoins.
