Crypto

Lynch joined his Democratic colleagues in denouncing cryptocurrencies and calling for a central bank digital currency (CBDC). US Democratic lawmakers characterized crypto as an outright “scam” in a Wednesday press conference, pushing for the development and rollout of a central bank digital currency (CBDC). Representative Maxine Waters called the CBDC Anti-Surveillance State Act, a bill that would prohibit the creation of a government-controlled digital dollar, the “anti-innovation act.” The anti-CBDC bill and the GENIUS stablecoin bill “endanger our national security,” Waters said. Representative Stephen Lynch, who also attended press event, said crypto had no legitimate use case: Read more

Investors are racing to price in how the cryptocurrency could benefit from regulatory tailwinds and institutional adoption, analysts say.

One of the leading cryptocurrencies by market cap has landed a notable alliance.

US Attorneys continued hearing from witnesses in their case against the Tornado Cash co-founder and filed a motion to block testimony on crypto-related kidnappings and torture. US attorneys prosecuting Tornado Cash co-founder and developer Roman Storm are asking a judge to block certain testimony after opening statements on Tuesday suggested that defense lawyers plan to question witnesses on crypto-related cases involving kidnapping and torture.  In a Wednesday filing, interim New York Attorney and former Securities and Exchange Commission Chair Jay Clayton asked Judge Katherine Failla “to preclude evidence and arguments based on privacy rights” following opening statements. Specifically, Clayton requested that the judge not allow Storm’s attorneys to elicit testimony about “people being threatened, harmed, and even kidnapped” for their crypto during witness testimony.  Read more

Institutional investor demand for Solana-based staking options could set a fire under SOL price. Key point: Increased demand for liquid staking solutions combined with higher institutional interest could drive the price toward the $185 resistance. Liquid Collective introduced a liquid staking token on Solana (SOL), in partnership with Coinbase, Kraken, Galaxy, Anchorage Digital and Fireblocks. The Liquid Staked SOL (LsSOL) will cater to the rising institutional interest in the network in anticipation of SOL-based exchange-traded funds (ETFs) receiving US regulatory approval. Read more

Maxine Waters has stepped up warnings as the House reviews three crypto bills during GOP-led “Crypto Week”. She has argued that the CLARITY and GENIUS Acts would endanger consumers, enrich crypto billionaires, and deepen Donald Trump’s ties to what she calls “growing crypto crimes”. The post Digital Asset Bills Create A Casino For Crypto Billionaires, Rep. Maxine Waters Says  appeared first on Cryptonews.

World Liberty Financial (WLFI) token holders approved a governance proposal to make the WLFI token tradable, allowing the project to begin enabling transfers and secondary market access.  Token holders cast overwhelmingly affirmative ballots before the July 16 close, with 11.1 billion tokens voting “Yes,” equivalent to 99.94%.  World Liberty posted the “Make $WLFI Token Tradable” […] The post World Liberty Financial holders back WLFI public trading with massive 99.9% positive votes appeared first on CryptoSlate.

Ethereum has surpassed $3,280, escaping a four-year channel that capped prices below the 2021 peak. Continuous ETF purchases averaging $120M a day, BlackRock’s $5B holding and Wyckoff-pattern confirmation have supported volume above $40B, setting sights on $3,454, $3,757 and the $4,000 mark. The post Ethereum 9.65% Away From Massive 4-Year Breakout – $3,500 ETH Before Weekend? appeared first on Cryptonews.

Roger Ver, also known as "Bitcoin Jesus," has repeatedly called the US DOJ tax evasion case against him "politically motivated." Early Bitcoin investor and advocate Roger Ver, also known as “Bitcoin Jesus,” filed a lawsuit against Spain seeking to block his extradition to the United States, where he faces a tax evasion case. The lawsuit, filed at the European Court of Human Rights, argues that the extradition violates Ver’s human rights, according to Bloomberg Law. United States Department of Justice prosecutors charged Ver with tax fraud in April 2024, alleging that he owed $48 million. Spanish law enforcement authorities arrested Ver shortly after. He posted bail in May and was allowed to leave prison. Read more

GameStop eyes crypto payments for collectibles after $500M Bitcoin buy, says CEO Ryan Cohen on CNBC.

The new ETF claims to provide protection against losses greater 20%, relying on the structure of underlying ETFs that the new fund would invest in. Calamos Investments, an investment firm with over $40 billion in assets under management, has filed for a “laddered” Bitcoin (BTC) exchange-traded fund (ETF) in the United States, tapping into cautious crypto investors seeking exposure to digital asset markets. The product would add to a growing list of attempts by asset managers to package Bitcoin exposure with built-in guardrails, a response to the cryptocurrency’s volatility. According to a Fidelity analysis, Bitcoin has been three to nearly four times more volatile than major equity indexes. Calamos launched three “protected” Bitcoin ETFs in January. The new ETF would invest in options contracts that reference against the performance of five Bitcoin ETFs: BlackRock’s iShares Bitcoin Trust; Grayscale’s Bitcoin Mini Trust; the Bitwise Bitcoin ETF; the Fidelity Wise Origin Bitcoin Fund; and the ARK 21Shares Bitco...

ARKB had $6.2 million in outflows as Bitcoin ETFs overall added $403 million, marking nine straight days of inflows across the sector.

The House has reversed Tuesday's defeat by passing a rule that advances the GENIUS Act, the Digital Asset Market Clarity Act and the Anti-CBDC Surveillance State Act. President Trump's late night lobbying secured GOP unity and could deliver the stablecoin bill to his desk this week.   The post GENIUS Act, Anti-CBDC Act, and CLARITY Act Pass Procedural Vote in Congress appeared first on Cryptonews.

The price of Ethereum has broken past a key resistance zone, forming a golden cross pattern that traders often like.

Bank of America is taking early steps to explore stablecoins as a way to modernize its payment systems and handle trillions of dollars in client transactions more efficiently, the lender’s CEO, Brian Moynihan, said during the bank’s second-quarter earnings call on July 15. Moynihan emphasized that the firm’s current focus is on using stablecoins “as […] The post BofA CEO confirms bank is exploring stablecoins for potential payment revolution appeared first on CryptoSlate.

Consumer products firm Upexi is now focused on accumulating Solana—and apparently reaping the rewards, with UPXI stock up nearly 39% on Wednesday.

Bitcoin bulls are making a run at $120,000 again, but most traders are wondering what it takes to get to $150,000. Key takeaways:  Bitcoin market structure and multi-faceted adoption still support a longer-term rally to $150,000.  Regulatory tailwinds, along with the Trump administration’s expansionary economic mandate, support a BTC price rally to $150,000 and higher.  Read more

Windtree has entered a $60M financing pact led by Build and Build Corp to fund the first BNB treasury strategy by a Nasdaq-listed firm. Subject to shareholder consent, the deal could expand to $200M and will fund direct BNB purchases, Osprey BNB Chain Trust shares, custody and yield systems. The post Windtree to Launch $60M Crypto Strategy Focused on BNB Ecosystem appeared first on Cryptonews.

JPMorgan has deepened its study of digital assets, launching the JPMD USD deposit token and testing stablecoins to stay informed on payment trends. Jamie Dimon has questioned their edge over current systems as global watchdogs pursue harmonized oversight for growing cross-border use. The post JPMorgan’s Dimon Says Stablecoins Are ‘Real’ But Questions Their Use Case appeared first on Cryptonews.

Bitcoin’s (BTC) move into new all-time highs leaves statistical room for it to reach $130,000 before historical demand exhaustion zones, according to a July 16 report by Glassnode. Bitcoin broke out of a multi-week range of $100,000 to $110,000 and printed a new high near $122,000, clearing dense cost-basis clusters where buyers had concentrated between […] The post Bitcoin rally shows room to run toward $130,000 before demand cools off appeared first on CryptoSlate.