Crypto and fintech groups are urging Trump to defend open banking rules, warning the case could affect access to wallets, DeFi apps, and stablecoins. A coalition of trade groups representing the crypto, fintech, retail, and restaurant industries is urging President Donald Trump to defend open banking rules under a so-called legal attack by the nation’s largest banks. In a letter sent July 23, organizations including the Blockchain Association, Crypto Council for Innovation, and the Financial Technology Association claim that the US’s most powerful banks are undermining innovation by suing to block the implementation of new open banking rules and imposing “stunning” new data fees on fintech and crypto apps. On July 11, Bloomberg reported that JPMorgan plans to start charging fintech firms fees for access to their customers’ bank account data. According to pricing sheets sent to customers, the fees vary based on how the information is used, with higher charges applied to payments companies. Read more
ChatGPT Agents can assist with crypto trading in 2025 by automating research and analysis, while keeping users in control through built-in safety features. ChatGPT Agent can automate crypto trading tasks like research, charting and strategy execution. It integrates real-time data, onchain metrics and sentiment analysis into a single workflow. While powerful, it requires human oversight to avoid hallucinations, API errors or security risks. Read more
Ether versus Bitcoin in the US spot ETF world becomes a major talking point, with Swissblock research seeing ETH coming out winning in the long term. Key points: US spot ETF flows show Ether coming out on top against Bitcoin this week. Institutional capital is “rotating” into ETH, Swissblock says — a move that has implications beyond the short term. Read more
Bitcoin’s narrowing trading range could result in a springboard move to $135,000. Key point: BTC faces selling at $120,000, but the bulls have not ceded much ground, hinting at a breakout to new highs. Bitcoin (BTC) turned down from the $120,000 resistance on Wednesday, indicating that the bears are fiercely defending the level. The failure to break above the overhead resistance has resulted in net outflows of $285.2 million in the past three days in the US-based spot exchange-traded funds (ETFs), per Farside Investors data. That suggests the investors have turned cautious in the near term. However, a positive sign is that the bulls have not allowed the price to dip below $115,000. Read more
Michael Saylor’s company has accumulated 607,770 BTC since adopting its Bitcoin treasury strategy in 2020. Business intelligence firm–turned–Bitcoin treasury company Strategy has reportedly increased its preferred stock offering to $2 billion, up from the previously planned $500 million, as it continues raising capital to fund additional Bitcoin purchases. The Series A Perpetual Stretch preferred shares were priced at $90 each at noon Eastern Time on Thursday and carry an initial dividend of 9%, Bloomberg reported, citing an anonymous source. This update comes just days after Bloomberg first revealed the preferred equity sale, which at the time was expected to be marketed between $90 and $95 per share. As Cointelegraph reported, the offering includes 5 million preferred shares. Read more
The hack only affected a limited number of user wallets, but withdrawals have been temporarily paused for additional safety, the team said. Crypto trading platform Woo X paused withdrawal services after a cybersecurity breach affected several accounts, leading to $14 million in losses. Nine user accounts experienced “unauthorized withdrawals” on Thursday, the Woo X team said in an X post. The team added that the incident has since been contained: Cointelegraph reached out to Woo X but was unable to obtain a response from the trading platform by the time of publication. Read more