Crypto

The reported business deal would make the “Web3-native fund” one of World Liberty Financial's biggest tokenholders, with more than Tron founder Justin Sun. World Liberty Financial, the cryptocurrency company backed by US President Donald Trump and his family, has reported that a United Arab Emirates-based company purchased $100 million worth of the platform’s governance token, WLFI. In a Thursday notice, World Liberty and Aqua1 Foundation — self-described as a “Web3-native fund” — said the $100-million deal was “intended to help accelerate the creation of a blockchain-powered financial ecosystem centered on blockchain development, Real World Asset (RWA) tokenization, and stablecoin integration, aiming to set new benchmarks for global capital efficiency.” The purchase makes Aqua1 a bigger WLFI tokenholder than Tron founder Justin Sun, who invested $30 million in the project in November. Read more

The digital asset exchange's share price completed a four-year roundtrip after having plunged 90% during the crypto winter.

The interim US Attorney for the Southern District of New York requested an exclusion so prosecutors and defense lawyers may discuss a “potential resolution” for Michelle Bond's case. Jay Clayton, the former chair of the US Securities and Exchange Commission and now interim US Attorney for the Southern District of New York (SDNY), has suggested that prosecutors and defense lawyers may explore a “potential resolution” in the criminal case involving Michelle Bond, the wife of former FTX Digital Markets co-CEO Ryan Salame. In a Thursday filing in the US District Court for SDNY, Clayton requested the judge overseeing Bond’s case exclude seven days under the Speedy Trial Act so the two sides could “engage in discussions regarding a potential resolution of the matter without the need for trial.” The filing followed a similar request for a three-day delay by Bond’s lawyers. Judge George Daniels signed an order the same day, cancelling a previously scheduled conference on July 15 and ordering oral arguments for a moti...

Bitcoin (BTC) has traded between $100,000 and $110,000 for a seventh consecutive week due to slower profit realization, cooling transfer volume, and a cautious derivatives backdrop, according to a June 26 Glassnode report.  The report cited the market’s struggles to extend May’s all-time high rally, with the 30-day realized profit gauge peaking in early May, […] The post Bitcoin stays confined to $100k–$110k band as realized profit and network activity recede appeared first on CryptoSlate.

A Bitcoin price pattern with a high hit rate formed on the daily chart. Are new BTC all-time highs incoming? Key takeaways: Since 2021, 78% of Bitcoin's bullish engulfing patterns have led to new local highs, especially within broader uptrends. Bitcoin has absorbed over $544 billion in capital since November 2022, pushing the realized market cap to $944 billion. Read more

Bitcoin faces one of its largest options expiries with $15 billion in contracts set to expire Friday as volatility hits multi-year lows.

A British national has been indicted in the United States for allegedly orchestrating a large-scale hacking operation under the alias “IntelBroker,” resulting in over $25 million in damages to businesses and institutions worldwide.The U.S. Attorney’s Office for the Southern District of New York announced the indictment of 25-year-old Kai West on Wednesday. West is accused […] The post IntelBroker Indicted: British National Faces Charges for $25M+ Data Breach on BreachForums appeared first on Cryptonews.

Put-call skews show no clear directional positioning for traders in the short-term.

The Ethereum price has risen slightly to $2,447, yet does the death cross on its two-week predict a major dump? The post Ethereum Price Prediction – ETH Forms Rare ‘Death Cross’ Pattern Last Seen in 2022 – What’s Going On? appeared first on Cryptonews.

Cryptocurrency exchange Kraken unveiled Krak, a new mobile payment app that allows users to send digital assets and fiat currencies to recipients in more than 110 countries. The app supports over 300 currencies and aims to usurp the dominance of established financial apps such as PayPal, Venmo, and Cash App. Developed to offer a faster […] The post Kraken enters payments with new Krak app enabling seamless global crypto, fiat transfers appeared first on CryptoSlate.

Former Tether and Blackstone execs plan to build a publicly traded crypto treasury spanning Bitcoin, Ethereum, Solana, and more.

CoreWeave’s previous takeover bid for Bitcoin miner Core Scientific was rejected for being too low. CoreWeave — once a cryptocurrency miner and now a rising AI infrastructure provider — is reportedly in acquisition talks with Core Scientific, after increasing a previously rejected bid made last year to the Bitcoin mining firm. A takeover bid could be “finalized in the company weeks,” The Wall Street Journal reported on Thursday, citing sources with knowledge of the discussions. No financial details were provided, though the offer would have to account for Core Scientific’s rapid expansion over the past year. Shares of Core Scientific rallied more than 23% on the news, with trading temporarily halted after the Journal’s report.  Read more

Kraken’s new "Krak" system will compete against other money-transmitting apps such as Cash App and Venmo. Crypto exchange Kraken has debuted a peer-to-peer (P2P) payments app that allows users to send fiat and cryptocurrency, regardless of country borders. The move is part of the exchange's effort to expand its financial services offerings beyond cryptocurrencies. According to Kraken on Thursday, the “Krak” app will offer users a spend and earnings account, promising yield generation on more than 20 digital assets along with cross-border transactions, a market forecast to surpass $8 billion in the United States this year. “[…] the financial system has been stuck in the past, and we think it's time to do something about it,” Kraken co-CEO Arjun Sethi said in a statement. “We believe that basic financial services should be universally accessible, and that money should move as easily as information does.” Read more

RedStone, risk-modeling firm Gauntlet, and analytics provider RWA.xyz project that the on-chain market for tokenized real-world assets (RWA) could reach as much as $30 trillion by 2034, according to a joint report from June 26. Researchers calculate that tokenized RWAs, excluding stablecoins, expanded from roughly $5 billion in 2022 to more than $24 billion by […] The post Analysts predict $30 trillion market cap for tokenized RWA by 2034 appeared first on CryptoSlate.

The Las Vegas-based MMA league is embracing BTC ahead of its first events in England and Wales this July.

The United Arab Emirates-based Aqua 1 Foundation just bought $100 million worth of tokens from President Trump's World Liberty Financial.

Crypto infrastructure provider Taurus said the new contract could increase practical adoption of stablecoins, especially among businesses with sensitive transfers. Digital asset infrastructure provider Taurus has deployed a private contract for stablecoins designed to offer untraceability and anonymity. Built on the Aztec Network, Taurus’ stablecoin contract combines zero-knowledge proofs with the compliance features of existing stablecoins, the company disclosed on Thursday. The new contract can increase adoption of stable assets for payrolls, intracompany payments and other sensitive transfers, it said. Taurus provides infrastructure for major firms entering the digital asset space, including a global partnership with Deutsche Bank in 2023 and a management solution deal with State Street in 2024. Read more

The duo is raising funds via M3 Brigade Acquisition V Corp, with Cantor Fitzgerald advising; Wilbur Ross tapped as vice chair.

Judge Analisa Torres wrote that Ripple is still required to follow federal securities laws regardless of the SEC's regulatory pivot. A US district court denied a joint motion from the US Securities and Exchange Commission (SEC) and Ripple requesting an indicative ruling to reduce a $125 million civil penalty and reverse an order defining primary sales of XRP (XRP) to institutional investors as securities transactions under Article 5 of the Securities Act. An indicative ruling allows lower courts like the district court to issue orders for a case that is pending review in the higher appellate court system, subject to approval from the higher court. In a Thursday filing in the United States District Court for the Southern District of New York, Judge Analisa Torres wrote that the court would not undo the earlier rulings, including the $125 million penalty, which were consistent with federal securities laws passed by Congress. Torres argued: Read more

The House passed HB 1664 on June 26, which designates the Secretary of Commerce as the President’s principal advisor on matters involving distributed-ledger technology The measure, introduced by Rep. Kat Cammack and co-sponsored by Rep. Darren Soto, passed by voice vote under suspension of the rules on June 26, according to the chamber’s floor summary. […] The post House clears HB 1664, setting Commerce Department as lead federal blockchain coordinator appeared first on CryptoSlate.