Crypto

Bitcoin holds above $117K as ETF hopes rise and the dollar dips. Could weakening USD, Fed uncertainty, and bullish momentum push BTC toward $300,000? The post Bitcoin Price Prediction: The Dollar’s Dip, BTC’s Rise – Is $300,000 Within Reach This Year? appeared first on Cryptonews.

BlockFi’s bankruptcy administrator and the DOJ have settled a $35 million crypto asset transfer lawsuit. The administrator overseeing BlockFi’s bankruptcy wind-down and the US Department of Justice (DOJ) have reached a settlement to dismiss a $35 million crypto asset transfer lawsuit involving the crypto lender. The agreement was approved by Judge Michael B. Kaplan of the US Bankruptcy Court for the District of New Jersey on Friday, according to court filings. The lawsuit, filed in May 2023, sought to transfer over $35 million in crypto assets from BlockFi to the US government. The DOJ said it had warrants to seize the funds from the BlockFi accounts of two Estonian citizens in a criminal fraud case unrelated to BlockFi’s bankruptcy. Read more

Dogecoin has rallied 23% over the past week, driven by increased retail participation through platforms like Robinhood and Binance. XRP volumes have spiked on Korean exchanges, while Cardano, TRX, and AVAX are all trading firmly in the green.

Market-wide crypto strength lifts Dogecoin, but coordinated profit-taking caps intraday breakout.

US-based spot Bitcoin ETFs saw over $1 billion in inflows on two straight days for the first time ever, as Bitcoin hit new all-time highs this week. US-based spot Bitcoin ETFs recorded over $1 billion in daily inflows for the second consecutive day on Friday, marking the first time since their January 2024 launch that they’ve seen two back-to-back days with ten-digit inflows. On Friday, the 11 spot Bitcoin (BTC) ETF products recorded total inflows of $1.03 billion, following $1.17 billion in inflows the day before, according to Farside data.   NovaDius Wealth Management president Nate Geraci said in an X post that since the January 2024 launch, there have been only seven inflow days exceeding $1 billion, two of which occurred in the past two days. Before that, the last was on Jan. 17, with $1.07 billion. Read more

Intraday volatility surged 14% as volume spiked above 375M; analysts eye breakout extension to $3.40.

Crypto analyst Matthew Hyland suggests altcoins will be “ripping” much more when Bitcoin Dominance drops to 45%. A crypto analyst suggests altcoins may have plenty more upside, as many are already surging without pulling much market share from Bitcoin. “BTC dominance hasn’t even sneezed and Alts are ripping,” crypto analyst Matthew Hyland said in an X post on Friday.  TradingView shows Bitcoin (BTC) Dominance is 64.46% at the time of publication, down just 1.53% over the past week, while altcoins saw significant price spikes amid Bitcoin reaching new all-time highs on Wednesday, Thursday, and reaching $118,760 on Friday. Read more

Three leading crypto trade groups urged Congress to pass the CLARITY Act in a July 11 letter to Speaker of the House Mike Johnson and House Minority Leader Hakeem Jeffries.Crypto Trade Groups Urge Congress To Pass Crypto Legislation According to the Friday letter from Blockchain Association CEO Summer Mersinger, The Digital Chamber CEO Cody Carbone […] The post Key Crypto Trade Groups Call For CLARITY Act’s Passage appeared first on Cryptonews.

Santiment data shows the number of XRP whales has just hit an all-time high as the price of XRP continues to rally. The number of crypto wallets holding at least 1 million XRP tokens has reached an all-time high, coinciding with a 26% surge in XRP’s price over the past week. “Not only are there more XRP whales than ever, but the total supply they hold is also increasing,” onchain analytics platform Santiment said in a report on Friday, noting that the number of wallets holding over 1 million XRP (XRP) tokens has surged to a new all-time high of 2,743. “XRP is also showing signs of strength,” Santiment said. “This dual trend is a very positive sign for the fourth-largest crypto asset,” they added. Read more

Ranking member of the House Financial Services Committee Maxine Waters (D-CA) Congressman Stephen Lynch (D-MA) announced July 11 that next week will be known as “Anti-Crypto Corruption Week” on Captiol Hill.Democrats Push Back On GOP Crypto Week According to the Friday notice posted on the House Financial Services Committee’s website, Democratic lawmakers will be pushing […] The post Democratic Lawmakers Announce Anti-Crypto Corruption Week In Blow To GOP’s Crypto Week appeared first on Cryptonews.

Bitcoin’s parabolic rally could last until Christmas with a cycle top near $300,000, according to one analyst. Key takeaways: Bitcoin is ahead of its long-term “power law” curve, historically leading to euphoric price highs in previous cycles. A falling dollar and anticipated Federal Reserve interest rate cuts may trigger a broader risk-on rally, with Bitcoin as a major beneficiary. Read more

Tether announced it will discontinue support for its USDT stablecoin on five “legacy” blockchains, including Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. According to the July 11 announcement, the move will become effective Sept. 1, ending redemptions and freezing remaining tokens on those networks. The decision comes as part of what the company […] The post Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand appeared first on CryptoSlate.

NFT-related tokens delivered the strongest sector performance in the second quarter, gaining an average of 55.4% even as dollar-denominated NFT trading volume fell to multi-year lows. Artemis data shows that the average gains from NFT-related tokens surpassed the second-best performance, which was Ethereum’s (ETH) 37.2%, by nearly 50%. Pudgy Penguins’ PENGU token accounted for much […] The post NFT-related tokens soar in Q2, with PENGU leading despite decline in trading volumes appeared first on CryptoSlate.

Florida investigates Robinhood Crypto for allegedly misleading users with claims of offering the lowest crypto trading costs.

Some Democrats are pledging to punish other party members who support what they see as “Trump’s crypto corruption.” Leadership has largely stayed out of the fight.

US President Donald Trump has issued five pardons for figures in the crypto and blockchain industries, and may have received requests from Changpeng Zhao and Sam Bankman-Fried. Anatoly Legkodymov, a Russian national and former CEO of cryptocurrency exchange Bitzlato, reportedly requested a federal pardon from US President Donald Trump after a 2023 guilty plea and serving 18 months in prison. According to a Friday report from the Russian state media outlet TASS, Legkodymov’s legal team officially asked Trump for a presidential pardon after he pleaded guilty to operating an unlicensed money transmitting business. Legkodymov was indicted in January 2023, pleaded guilty in December, and was sentenced to time served in July 2024 after being in custody for about 18 months.  “Anatoly [...] became a target in a political campaign against the crypto market and talented Russian programmers,” said Ivan Melnikov, vice president of the Russian branch of the International Committee for Human Rights, according to TASS. “His...

Crypto-focused companies benefited from the surge in crypto markets this week.

Former Binance CEO Changpeng Zhao allegedly supported crypto projects tied to the Trump family while privately seeking a presidential pardon, according to a July 11 Bloomberg News report. The report claimed that Binance wrote the foundational smart contract code for USD1, a stablecoin issued by World Liberty Financial, a company affiliated with President Donald Trump. […] The post Binance allegedly wrote the code for WLFI’s stablecoin USD1 appeared first on CryptoSlate.

Stablecoin issuer Tether is ending support for USDT on five "legacy" blockchains after previously halting minting on those networks.

French J3 cybercrime unit launches probe into X’s algorithm as EU scrutiny intensifies. The French Public Prosecutor’s Office has opened an investigation into X over the alleged use of its algorithm for foreign interference. According to a statement from Magistrate Laure Beccuau on Friday, prosecutors have launched a probe into whether X violated French law by manipulating its algorithms to extract user data fraudulently. The investigation was launched after two reports were submitted to the Paris Public Prosecutor’s Office’s cybercrime division on Jan. 12 — one by MP Éric Bothorel, a member of French President Emmanuel Macron’s Ensemble Pour La Republique party, and another by a senior government official whose identity was not disclosed. Read more