Amazon launched 29 additional satellites into orbit on July 2 using a United Launch Alliance rocket, bringing the total number of Project Kuiper satellites to 396. The mission marks another incremental step in the company’s low-Earth-orbit broadband buildout, but the broader deployment schedule remains under pressure. According to the report, Amazon must have roughly half of its approved satellites operational by July 30 to satisfy Federal Communications Commission requirements. That makes the current phase about more than launch cadence alone: converting launched assets into functioning network capacity is now central to compliance. The launch also closes Amazon’s Atlas V mission chapter with ULA, after which the company is expected to rely on Falcon 9 from SpaceX, Arianespace, and Blue Origin for future missions. Despite the latest addition, Project Kuiper is only about 12% deployed. To meet its full operational target by 2029, Amazon still needs to launch more than 2,800 satellites over the next three years, underscoring the scale and urgency of the remaining rollout.

Peter Schiff: Banking rules do not apply to stablecoin issuers Economist and gold advocate Peter Schiff questioned JPMorgan CEO Jamie Dimon's advocacy for regulating cryptocurrency companies issuing interest-bearing products according to banking standards. Schiff believes that stablecoin issuers differ from federal insurance lenders, and his remarks provide a sharp response to debates about yields, reserves, and financial competition. Schiffei's comments are a response to Dimon's earlier criticism of Coinbase and its CEO Brian Armstrong, a company that supports legislation on cryptocurrency market structures. The current focus of the dispute is whether digital asset companies offering yield-like products should comply with banks' capital, liquidity, compliance, and reporting standards.

The Senate faces pressure over the CLARITY Act, intensifying debates over cryptocurrency regulation As the Blockchain Association states that 160 former professionals in national security, intelligence, and law enforcement support this cryptocurrency market structure bill, pressure in Washington around the CLARITY Act is mounting. In a letter dated June 2 to Senate Majority Leader John Thune (Republican-South Dakota) and Senate Democratic Leader Chuck Schumer (Democrat-New York), the signatories viewed digital asset regulation as a national security issue. The Blockchain Association posted on the X platform: "Today, we sent a letter signed by 160 former professionals in national security, intelligence, and law enforcement to Senate Majority Leader Thorne and Senate Democratic Leader Schumer in support of the CLARITY Act."