Crypto

Hong Kong is processing license inquiries from more than 40 companies ahead of its new stablecoin regulation, according to a report published by Yicai. The regulation, under the Stablecoin Bill, will come into effect on August 1, when the Hong Kong Monetary Authority (HKMA) begins accepting formal applications.Major Firms Line Up for Stablecoin Licenses Firms […] The post Hong Kong Draws Stablecoin Applications from Over 40 Major Firms appeared first on Cryptonews.

Logan Paul’s former assistant Danielle Strobel’s early token access and equity stake weren’t enough to establish jurisdiction, a judge found.

Ethereum (ETH) reclaimed the $2,700 threshold one day after spot exchange-traded funds (ETFs) listed in the US tracking the asset surpassed $4.5 billion in cumulative net inflows on July 8, according to Farside Investors’ data. As of press time, Ethereum is priced at $2,723.98, up by 4.1% in the past 24 hours. ETH lost the […] The post Ethereum regains $2,700 amid lowest long/short ratio in two years and ETF cash floods appeared first on CryptoSlate.

Emirates is working with Crypto.com to enable cryptocurrency payments, three years after first announcing a Bitcoin integration.

Multiple XRP futures ETFs await SEC approval this July. Key decisions may shape the future of XRP trading in the U.S.

USDT prices have reportedly risen in Argentina as demand for US dollars rises in the Latin American nation. The post USDT Prices Surge in Argentina as Dollar Demand Spikes appeared first on Cryptonews.

The first US-listed spot Solana exchange-traded fund (ETF) received $21 million of net inflows on July 8, lifting its running total to $41.2 million, based on Farside Investors’ data.  The one-day addition to the Rex-Osprey’s Solana + Staking ETF (SSK) 104% of the $20.2 million raised over the previous three trading sessions, effectively doubling net […] The post Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8 appeared first on CryptoSlate.

One of the pioneering ETH restaking platforms is slashing a quarter of its workforce.

BONK is facing profit-booking near $0.000026, but the pullback is likely to find buyers near $0.000020. Key point: BONK has pulled back after the sharp rally, but no topping signs are visible on the charts yet. Solana memecoin launchpad LetsBonk’s 24-hour revenue surged to $1.04 million on Monday, nearly double the revenue of Pump.fun at $533,412, according to data aggregated by decentralized finance platform DefiLlama.  Read more

Publicly traded Thumzup is considering whether it should stash more cryptocurrencies beyond Bitcoin, including Dogecoin, Solana, and XRP.

Greek authorities carried out the country’s first-ever crypto seizure after tracing funds linked to the record-breaking $1.4 billion hack of crypto exchange Bybit earlier this year. The Hellenic Anti-Money Laundering Authority issued a freezing order on a suspect wallet following a months-long investigation aided by blockchain analytics firm Chainalysis. The operation targeted funds allegedly stolen […] The post Greece recovers part of funds stolen in Bybit hack as its first crypto asset seizure appeared first on CryptoSlate.

June Fed minutes warn tariffs may fuel inflation. Bitcoin surged to $112K—clean breakout. Here’s what traders should watch in macro and crypto markets. The post Bitcoin Price Prediction: Fed Flags Tariff Inflation as BTC Hits $112K appeared first on Cryptonews.

The motion to pause repayments to residents of certain countries has added a new wrinkle to the FTX saga. A Chinese creditor has filed an objection to a motion from the FTX estate that would pause payouts to residents in jurisdictions with laws or regulations restricting cryptocurrency transactions, according to a Tuesday court filing. The creditor, Weiwei Ji, stated that although they reside in Singapore, they have been classified as a Chinese creditor due to holding a Chinese passport. Ji noted that the objection was submitted on behalf of Ji and a growing group of Chinese creditors — reportedly over 300 individuals, according to the filing. The objection raises two key arguments: First, that FTX settlements are made in US dollars, which are a standard legal repayment method. Second, it notes that cryptocurrency distributions are legal in China, with digital assets constituting “personal property.” “My family holds four KYC-verified accounts with aggregate claims exceeding $15 million USD… We have fully com...

A new study of 15 million biomedical papers found telltale language patterns linked to ChatGPT, suggesting that AI tools are reshaping scientific writing far more than expected.

The House Ways and Means Committee is set on July 16 to examine how to set up proper taxation for the crypto sector.

The Thumzup Media Corporation provides a platform for influencers to market various products on social media to earn revenue. Donald Trump Jr., the eldest son of the US president, disclosed an investment in Thumzup Media Corp, a social media marketing company that has adopted the Bitcoin (BTC) treasury strategy. Trump Jr. currently holds 350,000 shares of the company, valued at nearly $3.3 million, according to Bloomberg, and the stock is currently trading hands at roughly $9.50 per share. The company’s board of directors approved the use of Bitcoin as a corporate treasury asset in November 2024 by green-lighting the purchase of up to $1 million in BTC. Company CEO Robert Steele said following the decision: Read more

Senate Democrats want an investigation into Salvadoran president Nayib Bukele's use of crypto. The popular leader finds it hilarious.

Hester Peirce, head of the US Securities and Exchange Commission’s (SEC) Crypto Task Force, said that putting securities on a blockchain “does not have magical abilities to transform the nature of the underlying asset.”  In a July 9 statement, Peirce emphasized that tokenized shares, notes, or entitlements “are still securities,” requiring issuers, intermediaries, and traders […] The post SEC Crypto Task Force head warns assets remain securities regardless of tokenization appeared first on CryptoSlate.

Bitcoin price hit new highs today, but surging US debt and concerning housing data raise fears of a recession-led Bitcoin drop toward $95,000. Key takeaways: Exploding US debt and housing market stress could trigger a sharp BTC correction toward $95,000. Bitcoin’s price remains closely tied to macro trends, including Fed policy and institutional flows. Read more

The United Kingdom government is targeting crypto traders and investors in its latest tax raid, while demanding reams of personal information.