Crypto

A lawsuit seeking legal ownership of long-dormant Bitcoin addresses, including wallets tied by researchers to Bitcoin’s earliest mining era, has narrowed after the plaintiffs dropped 44 defendants that moved funds after the case was filed. The July 7 voluntary discontinuance removes only a small slice of the 39,069 wallets targeted by the case. But the […] The post A $293 billion fight over Satoshi’s Bitcoin just got a lot more complicated appeared first on CryptoSlate.

A smoother long-term MACD just flipped bullish, pointing to more upside. Here are key levels that will decide if the ongoing bounce turns into a full blown uptrend.

Spot bitcoin funds lost about $95 million on Thursday and ether funds roughly $52 million, ending the one bright spot in crypto's institutional flows even as prices rallied.

Will there be more volatility today prompted by the expiry event?

EU lawmakers have again allowed tech firms to scan chats for abuse material, but exempted end-to-end encrypted messages. The European Parliament has passed legislation allowing tech firms to scan messages for child sexual abuse material until 2028, a controversial law dubbed “chat control” by critics. EU lawmakers on Thursday largely voted against extending the regulation, dubbed “Chat Control 1.0,” but stopping it required 361 lawmakers to reject it. Only 314 voted to stop the law, and 276 supported it. The vote advances reviving the “chat control” rules that expired in April, and has been a controversial topic among privacy and cryptography advocates, as the originally designed law breaks the principle behind encrypting messages. Read more

Despite showing signs of short-term stabilization above a major support zone, Bitcoin’s downtrend might not be over yet. While momentum has improved on lower timeframes, the broader trend is still tilted to the downside, with price trading below key moving averages and facing heavy overhead resistance. Meanwhile, on-chain data suggests that large holders may still […]

Robinhood’s choice to use Ethereum further solidifies its position as the “ultimate settlement layer and liquidity foundation for tokenized assets,” said HashKey Group’s Tim Sun. The amount of Ether bridged to Robinhood’s new layer-2 blockchain exceeded $70 million in just the first week, according to Token Terminal.  Robinhood Chain, an EVM-compatible Arbitrum-based layer-2 network that uses ETH as its native gas token, launched on July 1 with the company describing it as “AI-native and purpose-built for real-world assets.”  “If adoption continues, the chain could become a meaningful new source of demand for ETH,” said Token Terminal on Thursday.  Read more

A late-session volume surge carried XRP above its recent range, with traders now watching whether $1.10 can hold as support.

A sharp rise in the yen has left bitcoin and other major cryptocurrencies underperforming in yen terms compared with their dollar-based trading pairs.

Zcash’s next upgrade will replace the once-compromised Orchard pool and may offer clues about whether counterfeit tokens were created via a recent bug. Zcash’s Ironwood network upgrade, the solution to an “infinity” bug discovered in May on the privacy-focused blockchain’s main private transaction pool, Orchard, is set to go live on July 28.  Announced in June, Ironwood closes the current Orchard pool, prevents new activity in it and sets up a new private pool. Funds leaving Orchard would have to pass through an accounting checkpoint before entering Ironwood, which could produce evidence about whether any counterfeit Zcash (ZEC) tokens were produced through the Orchard bug.  “Zcash's Ironwood mainnet activation height has been set and tagged! All of the major organizations are committed to activation of NU6.3 at height 3428143, which is approximately July 28th at 8AM EST,” Zcash core developer Sean Bowe said on Thursday. Read more

XRP sellers retain the upper hand as investor participation fades and recovery signals remain limited.

Bitcoin is up 4.2% over seven days that contained an oil shock, a bond selloff and two rounds of U.S. strikes on Iran.

The incident is significant for developers and applications that handle Injective wallet workflows, Socket researchers said. Hackers compromised a widely used Injective software package in a supply chain attack with malware designed to steal crypto wallet private keys, adding to a growing attack vector involving attackers using legitimate platforms to deliver malicious payloads. Security firm Socket discovered on Thursday that a popular npm (node package manager) package with around 50,000 weekly downloads used for building on the Injective blockchain was maliciously modified to steal wallet private keys and seed phrases. The large number of downloads makes the incident “significant for developers and applications that handle Injective wallet workflows,” Socket researchers said. The malicious code has since been removed. Read more

“DeFi usually swings much harder than Bitcoin, so holding up this well is unusual,” says Bitwise, as DeFi tokens have outperformed Bitcoin. Decentralized finance (DeFi) tokens have held up unusually well against Bitcoin over the past month, suggesting the market may be “quietly re-rating” the sector, says crypto index fund maker Bitwise. Bitcoin (BTC) fell about 22% in June, while Bitwise’s index tracking tokens from major DeFi protocols fell only 4% over the same period, Bitwise said in a report Thursday. “DeFi usually swings much harder than Bitcoin, so holding up this well is unusual, and almost no one is talking about it,” it said.  Read more

Rising spot activity alongside falling leverage suggests long-term buyers may be replacing speculative traders.

At its last stage for government approval, the state's executive council rejected the bond project 3-2.

Researchers warn AI agents could be tricked into downloading malicious code by exploiting the same hallucinations that cause chatbots to make mistakes.

The soon-to-be former chief legal officer did not announce the details of his next move but said that he would continue working with the Board of Coinbase National Trust Company. Paul Grewal, who has served as Coinbase’s chief legal officer since 2020, announced that he would transition to an advisory role at the exchange starting on July 31. In a Thursday X thread and LinkedIn post, Grewal said Coinbase’s legal vice presidents Molly Abraham and Ryan VanGrack would step into new roles as general counsel and vice chair, respectively, following his departure at the end of the month. Abraham said that she would “take the helm” at the exchange’s legal team. Source: Paul Grewal Read more

AscendEX says withdrawals will be handled manually, with no guarantees on processing times or payment amounts.

AVAX One, which stockpiles the native token of the Avalanche crypto network, is back in Nasdaq's good graces after a reverse stock split.