Crypto

Grok AI predicts a breakout for Ethereum, with potential prices reaching $6,000 to $12,000 by 2026 The post Elon Musk Grok AI Predicts Ethereum Will Hit This Price by End of 2026 appeared first on Cryptonews.

The window to pass a comprehensive crypto market structure bill before the Senate breaks for a month-long recess is closing, with ethics a dividing issue for many lawmakers. Two US senators on opposite sides of the political aisle have reportedly sent revised ethics guidelines to the White House as part of discussions over a cryptocurrency market structure bill in Congress. According to a Thursday PunchBowl report, Senator Thom Tillis and Senator Ruben Gallego submitted a counteroffer to the Trump administration that included a change to ethics provisions in the Digital Asset Market Clarity (CLARITY) Act. The changes would reportedly address concerns from many lawmakers in the first draft by allowing state authorities to enforce a ban on federal officials issuing or sponsoring tokens rather than the US Attorney General. Gallego, a Democrat, previously said that provisions around ethics, consumer protection, illicit finance, conflicts of interest and market integrity “must be strengthened” and he would continu...

The scam targeted XRP holders through a fake investment platform that disappeared after collecting millions of dollars worth of digital assets.

IOND closed its first session at $62.90, while broker transfers and securities restrictions still shaped practical liquidity. The post Why 37 million Celsius bankruptcy shares are blocked from an immediate cash-out despite Nasdaq debut appeared first on CryptoSlate.

The Bitcoin treasury company said it has built a $3.75 billion cash reserve to support preferred stock payouts following the launch of its BTC monetization program. Strategy reported an $8.22 billion second-quarter net loss, driven primarily by an $8.32 billion unrealized loss on its Bitcoin holdings as the cryptocurrency’s price declined during the quarter. As of July 26, Strategy held 843,775 Bitcoin (BTC), up 25% from the beginning of the year. The company also disclosed that it had sold approximately $218.4 million worth of Bitcoin under its newly established BTC monetization program to help fund a portion of its preferred stock dividend obligations. Most of those sales ($216 million) occurred in early July after the second quarter ended. Strategy also said it has built a $3.75 billion U.S. dollar reserve, enough to cover more than two years of preferred dividend payments and interest obligations. The company recently repurchased $25 million of its STRC preferred shares at a discount to par and said it in...

The filing shows $134.267 million gross, $133.084 million in transaction costs, and no standalone crypto profit figure. The post SoFi reported 388,336 crypto products, but Q2 net transaction revenue only reached $1.2 million appeared first on CryptoSlate.

The exchange reported lower quarterly revenue and a net loss as crypto trading activity declined, while subscription, stablecoin, and lending businesses continued to grow.

The blockchain analytics firm said the World Cup attracted global participation in prediction markets and digital collectibles, with more than 400,000 wallets placing blockchain-based bets. The 2026 FIFA World Cup drove $20 billion in blockchain-based prediction market volume and $24 million in digital collectible trades, with more than 400,000 wallets participating in blockchain-based betting, according to a report from blockchain analytics firm Chainalysis. The $20 billion figure includes trading before and during the tournament, with bettors placing roughly $5.7 billion in wagers over the five-week World Cup itself. World Cup-related markets accounted for about 63% of all prediction market activity during that period, the report said. According to Chainalysis, users from every continent except Antarctica participated in World Cup prediction markets, with the United States and China generating the highest attributable trading volumes, followed by Canada, Thailand and the United Kingdom. Read more

The crypto exchange blamed softer spot trading and low volatility for the earnings miss while highlighting growth in derivatives, stablecoins and tokenized finance. Crypto exchange Coinbase reported mixed second-quarter results on Thursday, missing Wall Street expectations on profitability as weaker trading activity weighed on results despite the company capturing a record share of the crypto market. In the second quarter, Coinbase generated roughly $1.2 billion in net revenue, broadly in line with expectations but down 19% from a year earlier. The company reported a GAAP net loss of $359 million, significantly wider than analysts’ expectations for a roughly $122 million loss. Transaction revenue, subscription and services revenue, and adjusted EBITDA also fell short of consensus estimates. Despite the losses, the exchange posted an all-time-high 10.3% share of global crypto trading volume, up from 9.1% in the first quarter, even as industry-wide trading activity weakened. Read more

Bitcoin briefly topped $65,000 on Thursday after US economic growth fell short of forecasts. Data from CryptoSlate show the largest cryptocurrency trading near $64,729 as of press time after reaching an intraday high of $65,071 and recovering from a low of $63,205. The advance followed data showing the US economy expanded at a 1.5% annualized […] The post Bitcoin struggles to turn US GDP miss into bullish catalyst as strong spending backs Fed caution appeared first on CryptoSlate.

The world's largest corporate bitcoin holder says it has built a cash reserve covering more than two years of dividend payments after investors questioned its growing stack of preferred securities.

The company reported $1.22 billion in overall revenue, down from $1.5 billion in the year prior.

Bitcoin has posted an August loss every year since 2022, giving traders another seasonal risk to consider.

The Telegram founder said Russia designated him a terrorist after he refused government demands for mass surveillance and censorship on the messaging platform. Telegram founder Pavel Durov said Russian authorities designated him a “terrorist” after he refused government demands for mass surveillance and censorship on the messaging platform, responding publicly a day after Russia announced charges against him. In a Telegram post on Thursday, Durov also said Russia had barred him from “publishing information on the Internet,” adding that authorities had “got confused about who can ban whom from the Internet.” Source: Telegram, Pavel Durov Read more

The proposed legislation referenced Donald Trump’s disclosure of billions of dollars in crypto earnings in 2025, as well as his family’s business ties to foreign governments. Update (July 30, 11:25 pm UTC): This article has been updated to include a statement from the White House. Senate Minority Leader Chuck Schumer introduced legislation to create a new US government agency focused entirely on addressing corruption at the federal level, noting President Donald Trump’s gains from “various, and extremely lucrative, cryptocurrency ventures.” In a Thursday notice, Schumer said that he had introduced a bill called the Anti-Corruption Bureau Creation Act, which, if passed, would have the authority to “investigate, enforce, and prevent executive branch corruption.” The text of the bill addressed Congress’ findings that Trump had disclosed earning more than $2 billion from investments in 2025, including $1.4 billion tied to crypto, and his family had more than $1 billion in a crypto fund tied to foreign governments...

Scott Bessent urged the Senate to immediately vote on the crypto market structure bill, accusing Democrats of delaying the legislation for political reasons.

Morgan Stanley’s new Ethereum and Solana exchange-traded funds drew $33 million on their second trading day, outperforming larger rivals and giving the Wall Street firm an early foothold in two increasingly competitive markets. The Morgan Stanley Ethereum Trust, trading under the ticker MSSE, attracted $14.03 million on Wednesday, while the Morgan Stanley Solana Trust, or […] The post Morgan Stanley Ethereum and Solana ETFs outperform rivals as second-day inflows reach $33 million appeared first on CryptoSlate.

A multi-institution study found that today's frontier AI agents could handle the mechanics of research but failed to produce original work worthy of acceptance at a top AI conference.

Open orders will be canceled and final positions settled against contract-specific 30-minute indexes at 12:00 UTC. The post BitMEX wipes out 35 derivatives as exchange shutdown approaches with punishing post-closure fees appeared first on CryptoSlate.

Aave says the changes are designed to reduce exposure to inactive markets while giving users time to exit positions safely.