Crypto

Blockchain competitors and recent decisions by institutional investors chip away at Solana’s market share. Will this impact SOL price? Key takeaways: SOL’s perpetual futures funding rate turned negative, highlighting a lack of confidence among traders. Despite strong fundamentals, institutional players continue to avoid Solana due to MEV concerns. Read more

The judge reportedly said she would not be inclined to have attorneys bring up the US Treasury’s 2022 sanctions against Tornado Cash after they were withdrawn in March. The judge overseeing the US criminal trial of Tornado Cash co-founder and developer Roman Storm said she was “inclined” to disallow any mention of the 2022 sanctions against the cryptocurrency mixing service in court.  According to reporting from Inner City Press on Tuesday, Judge Katherine Failla of the US District Court of the Southern District of New York said she was unlikely to grant a motion prohibiting the mention of North Korea and the hackers in the Lazarus Group as part of prosecutors’ case against Storm. However, the judge reportedly said she was “inclined to keep out the August 2022 sanctions, since they were later withdrawn.” The sanctions in question referred to the US Treasury’s Office of Foreign Assets Control (OFAC) sanctions adding addresses connected to Tornado Cash to its list of Specially Designated Nationals in 2022. Howe...

Linqto marketed access to private shares in high-profile companies, however, court documents allege that customers may have been sold only the legal illusion of ownership, rather than actual shares. The post “You Never Owned the Shares”: Linqto Bankruptcy Exposes Pre-IPO Illusion appeared first on Cryptonews.

By choosing Bitcoin pay, Remixpoint's CEO says he is "in the same boat" with shareholders, pledging to increase corporate value responsibly.

Fractional Uprising's team has shifted gears after its token plummeted, hoping to draw in degens with AI-generated nudity and crypto gambling.

The sustainability-focused platform uses Avalanche to tokenize municipal loans, giving DeFi investors direct exposure to government-backed renewable energy infrastructure. Projective Finance, a sustainability-focused real-world asset (RWA) financing platform, has launched a $7 million lending pool for Illinois public schools, giving decentralized finance (DeFi) investors direct access to municipal infrastructure projects in the United States. The lending pool will fund solar energy installations across school districts in the state of Illinois, with infrastructure loans executed entirely onchain, Projective Finance said. By leveraging blockchain technology, “What traditionally required multiple intermediaries, fund structures, and minimum investments in the tens of millions can now be accessed directly with full transparency,” said Josh Chinnaswamy, Projective Finance’s co-founder.  Read more

The token has established a robust support zone at $277-$280, while rising demand for DeFi borrowing and Aave's dominant role in the sector point to future gains.

Volkswagen ADMT, the automaker’s autonomous-driving subsidiary, will source real-time street-level data from Bee Maps, a spatial intelligence service that runs on Hivemapper’s Solana-based mapping network. According to Hivemapper CEO Ariel Seidman, the partnership “shifts mapping from static to living,” and that robotaxi fleets require data “that evolves as fast as the streets do.” Bee Maps […] The post Volkswagen ADMT chooses Solana-based Hivemapper to power Robotaxi test fleet appeared first on CryptoSlate.

Set for an IPO and with a real business, Silicon Valley darling Figma last week disclosed $70 million exposure to bitcoin, with plans to bring that to $100 million.

SOL’s chart projects further upside despite the SEC delaying a decision on a Solana ETF approval. Key point: SOL’s narrowing range suggests a potential range expansion in the next few days. The possibility of an upside breakout remains high as the bulls buy on every minor dip. Fidelity Investments’ proposed spot Solana (SOL) exchange-traded fund has been delayed as the US Securities and Exchange Commission has asked for public comments within 21 days and rebuttals within 35 days.  Read more

The hearing will come after the US Senate passed legislation to address stablecoin regulation and Republican House leadership said they would handle three bills starting on Monday. As the United States Congress weighs key legislation that could reshape the regulatory framework for digital assets, top crypto executives, policy advocates and former regulators are set to testify before the Senate Banking Committee. On Wednesday, lawmakers with the US Senate Banking Committee will hear from Ripple CEO Brad Garlinghouse, former Commodity Futures Trading Commission (CFTC) member and Blockchain Association CEO Summer Mersinger, former CFTC Chair Timothy Massad, Chainalysis CEO Jonathan Levin, and others to address digital asset markets. The hearing will mark one of the first times US lawmakers could offer a preview of how the Senate will handle a crypto market structure bill after its leadership said it aimed to pass legislation by October. Read more

The token was trading at $0.1891 at press time, up 2.8% over the last 24 hours.

SharpLink Gaming shares surged nearly 26% on July 8 after the Minneapolis-based online gaming company revealed a major expansion of its crypto treasury, bringing its total Ethereum (ETH) holdings to over 200,000 coins. The company announced it had purchased an additional 7,689 ETH for approximately $19.2 million at an average price of $2,501 per coin. […] The post SharpLink stock continues surging as treasury tops 200k Ethereum appeared first on CryptoSlate.

The following is a guest post and opinion from Patrick Heusser, Head of Lending & TradFi at Sentora. Capital is undergoing a structural reallocation. What once sat securely in fractional-reserve bank accounts is now increasingly flowing into fully funded, blockchain-based financial systems. From stablecoins like USDC and USDT to tokenized T-bills, institutional and retail capital […] The post The capital migration that could reshape finance appeared first on CryptoSlate.

The Nasdaq-listed firm has been a pioneer of the crypto treasury strategy focusing on the native token of the Ethereum blockchain since 2021, well before the recent newcomers.

Positive newsflow, a change in investor sentiment and steady ETH ETF buying could help Ether rally above $2,700. Key point: Ether aims to establish a new trend, but bulls need to secure a daily close above $2,635 first. Ether’s (ETH) price has been in a range for several days, but institutional investors seem to be silently accumulating. Ether exchange-traded products (ETPs) recorded $225 million in inflows for the trading week ended Friday, according to CoinShares data. It was the 11th successive week of inflows into Ether ETPs. Read more

“The words ‘Van Loon’ are not going to show up in this trial,” District Katherine Polk Failla said during a Tuesday hearing in Manhattan.

The U.S. Treasury Department added the employee of a North Korean hacking group to its blacklist over his role in getting IT workers jobs in other countries.

The native token of the Hedera network rose by about 2% over the past 24-hour period.

Robust insurance can promote deeper liquidity, enhanced counterparty confidence, and broader participation in decentralized finance, says Jesus Rodriguez, CTO, Sentora.