Crypto

The IMF has reportedly blocked Pakistan’s plan to use cheap electricity for crypto mining, warning it could destabilize the energy market. Pakistan’s plan to use surplus electricity for crypto mining has hit a roadblock after the International Monetary Fund (IMF) reportedly rejected a proposal to offer subsidized power to energy-intensive industries, including Bitcoin miners. Pakistan’s Secretary of Power Fakhre Alam Irfan told the Senate committee on energy that the IMF claimed such measures could distort the energy market and worsen existing issues in the country’s fragile power sector, according to a report from Urdu-language news outlet Independent Urdu. Although Pakistan has excess electricity, particularly during winter, the IMF remains concerned that pricing schemes could disrupt the market balance, per the report. Irfan said all significant energy policies must be approved by the IMF. Read more

The court ruled the customers benefited from unjust enrichment due to a network delay, not the exchange’s servers.

Bitpanda’s public affairs lead, Benedikt Faupel, told Cointelegraph that while MiCA brings long-awaited regulatory clarity, harmonization is still lacking. Benedikt Faupel, head of public affairs at Austrian crypto exchange Bitpanda, said Europe’s flagship crypto regulation still allows uneven implementation across the bloc. Faupel told Cointelegraph on the sidelines of the German Blockchain Week that, as far as he knows, Bitpanda is the only player with three Markets in Crypto-Assets Regulation (MiCA) licenses. The exchange was founded in Austria in 2014 and has since established additional offices in Berlin, Bucharest, London and elsewhere. Faupel said that MiCA provides the European Union with long-awaited regulatory clarity and harmonization. Before MiCA, he said, the European crypto landscape was fragmented into multiple separate licensing regimes, with Bitpanda previously holding 17 licenses. “With MiCA, you just make it way easier,” he said. Read more

A large cluster of potential short liquidations near $111,320 could trigger a squeeze to accelerate Bitcoin’s next leg higher into price discovery. Key takeaways: Bitcoin's funding rate briefly turned negative in late June, historically a signal for upcoming rallies. A large concentration of short liquidations near $111,320 could fuel a short squeeze. Read more

The issuance of the first digital bond lays the groundwork for a broader set of tokenized assets like Islamic bonds and real estate products, ADX Group CEO said.

The latest comments from government officials at the center of that effort suggest U.S. bitcoin advocates may still have a wait ahead of them.

Bitcoin nears $109,600 as Cartwright advises UK pensions on BTC. A breakout above $110,413 could open the path toward $113K amid growing institutional demand. The post Bitcoin Price Prediction – Billions in Retirement Funds Could Pour Into BTC as Pension Firms Rush to Add Exposure appeared first on Cryptonews.

The strong numbers seemingly put to rest any idea that the Fed might cut rates in July.

Viral pygmy hippo Moo Deng will turn one next week—and crypto degens are pumping her unofficial Solana meme coin.

The absence of new buyers and FOMO-driven greed are key factors that could keep Bitcoin price pinned below $112,000 longer than many think. Key takeaways: Bitcoin price taps $110,000, but low spot buying demand suggests the upside could be limited. High retail FOMO and a near-overbought RSI signal a potential BTC price correction. Read more

John Smedley believes his new studio’s ambitious shooter Reaper Actual will sell gamers on blockchain, because it is “Web3 done right.”

Gaming industry veteran John Smedley is making his first foray into Web3 gaming with a new AAA shooter featuring Tezos layer-2 blockchain Etherlink. John Smedley, a gaming industry veteran and former CEO of Daybreak Game Company (formerly Sony Online Entertainment), is making his first foray into Web3 gaming with a new AAA shooter featuring Tezos layer-2 (L2) blockchain Etherlink. The Smedley-led Distinct Possibility Studios (DPS) has raised $30.5 million in a funding round led by the gaming-focused venture capital firm Bitkraft and the European hedge fund management company Brevan Howard, according to a statement shared with Cointelegraph on Thursday. The funds will be used to develop its new open-world massively multiplayer online first-person shooter (MMOFPS), Reaper Actual, which it says will integrate Etherlink to enable tradeable Web3 components like characters, bases, skins and more. Read more

Both SHIB and BONK displayed inverse head-and-shoulders patterns, indicating continued bullish momentum.

A 35-year-old Kerala native allegedly shipped drugs nationwide while laundering proceeds through privacy crypto Monero, officials say.

Crypto traders use ChatGPT and X to catch early signals, combining AI-driven analysis with real-time sentiment. But each comes with its risks. ChatGPT is ideal for comparing protocols, understanding trends and filtering out noise for research-based decisions. X provides real-time sentiment and early signals, making it useful for catching trending narratives before they hit mainstream news. Each tool has risks: ChatGPT can be outdated without live data, while X carries high noise and misinformation risk. Read more

BTC short liquidations topped $101 million as the leading cryptocurrency touched $110,000 Thursday morning.

Peter Märkl, general counsel at Bitcoin Suisse, suggested that EU and Swiss stablecoin regulations could benefit from greater flexibility. Peter Märkl, general counsel at Swiss crypto financial services firm Bitcoin Suisse, said the European Union and Switzerland lack clarity in their respective stablecoin regulatory frameworks. Märkl told Cointelegraph on the sidelines of the German Blockchain Week that “there’s a lot to be done” when it comes to the classification and the rules applying to stablecoins under the EU’s Markets in Crypto-Assets Regulation (MiCA) framework. He said MiCA provides “a comprehensive, harmonized regulatory framework” for stablecoin issuance, offering and custody. However, “due to the rapidly evolving nature of crypto-assets and their use cases, classification remains dynamic and can, in certain cases, shift over time,” Märkl added. Read more

Over 40 fake Firefox extensions impersonating popular crypto wallets have been used in an ongoing campaign to steal users’ wallet credentials. More than 40 fake extensions for the popular web browser Mozilla Firefox have been linked to an ongoing malware campaign to steal cryptocurrencies, according to a report published Wednesday by cybersecurity firm Koi Security. The large-scale phishing operation reportedly deploys extensions impersonating wallet tools such as Coinbase, MetaMask, Trust Wallet, Phantom, Exodus, OKX, MyMonero, Bitget and others. Once installed, the malicious extensions are designed to steal users’ wallet credentials. “So far, we were able to link over 40 different extensions to this campaign, which is still ongoing and very much alive,” the company said. Read more

The IMF hasn’t agreed to crypto power subsidies yet, but Pakistan is working with the World Bank and others to refine the plan.

French philosopher Gilles Deleuze once argued art emerges from chaos. Now, his critique is finding new relevance in an AI-generated world.