Crypto

Violations of the new law could incur prison sentences of up to a year, and thousands of dollars in fines.

Coinbase’s satirical video takes aim at Britain’s struggling economy as data shows almost half of UK adults are financially vulnerable. Coinbase has taken aim at the United Kingdom’s financial system in a darkly satirical video, which comes as data reveals an increase in financial hardship across the country. Titled “Everything is fine,” the video uses a musical tone and lyrics to brag about the UK's strong finances while showing grim scenes of inflation, poverty, debt and financial struggle, a hint at the gap between what people are told and what they actually face. “We ain’t got no troubles. No reason to complain,” the video starts, as damaged homes and cash-strapped individuals fill the screen. “The streets can’t get no cleaner. Nor the rat meat any leaner. No. Life is just as great,” it claims, as dirty streets flash across the screen. Read more

The Philippine government launched a blockchain-based document validation system on Polygon, despite the network suffering a partial outage on the same day. The government of the Philippines announced that it will notarize its documents on the Polygon blockchain — on the same day that the network’s Heimdall v2 mainnet suffered a temporary outage. Maria Francesca Montes Del Rosario, undersecretary at the Philippine Department of Budget and Management, announced in a Wednesday Facebook post that the government’s blockchain transparency was live. According to a Thursday report by local crypto news outlet BitPinas, Del Rosario said at the launch event that blockchain addresses the issue presented by artificial intelligence-generated deepfakes and prevents bad actors from falsifying government documents. Read more

XRP price needs to beat its January record monthly close above $3.03 for a renewed push toward new all-time highs. Key takeaways: July’s monthly candle close can become XRP’s highest ever. A close above $3.03 could stage a rally to $7-$11, according to analysts. Read more

CoinDCX operator Neblio reportedly filed a complaint against software engineer Rahul Agarwal after discovering that his credentials had been compromised through his work laptop. An employee of CoinDCX, a cryptocurrency exchange that was hacked for $44 million in mid-July, was arrested in India in connection with a security breach, according to multiple local reports. Bengaluru City police detained CoinDCX software engineer Rahul Agarwal after hackers allegedly managed to compromise his login credentials to siphon the exchange’s assets, The Times of India reported on Thursday. The arrest followed a complaint and internal investigation by CoinDCX operator Neblio Technologies, which determined that Agarwal’s credentials had been compromised via his work laptop, allowing unauthorized access to the company’s servers. Read more

Phoenix Group launched a $150 million crypto treasury with Bitcoin and Solana, becoming the first Abu Dhabi Securities Exchange-listed company to hold digital assets on its balance sheet. Abu Dhabi-based Bitcoin miner Phoenix Group has launched a $150 million strategic cryptocurrency reserve, becoming the first publicly listed company on the Abu Dhabi Securities Exchange (ADX) to establish a digital asset treasury. The company said Thursday the reserve includes 514 Bitcoin (BTC) and 630,000 Solana (SOL), describing it as a long-term holding strategy. This makes Phoenix Group the first company listed on the ADX to establish a strategic cryptocurrency treasury, the company said in an announcement shared with Cointelegraph. Read more

Tighter rules may push users offshore, weakening oversight and exposing them to higher risks, Decrypt was told.

Stablecoin ATMs launch in South Korea for tourists, as regulators continue to weigh rules on broader stablecoin use.

Cboe BZX filed to list a Solana ETF on Wednesday, advancing a second U.S. staking-enabled fund even as the SEC delays on similar products.

U.S. prosecutors argued that Tornado Cash’s emphasis on privacy wasn’t about protecting ordinary users, but about making “bags of money.”

Bitcoin trades in a tight range despite bullish catalysts, as analysts warn of late-cycle fatigue and rising risks.

During its annual Q2 earnings call, Meta CEO Mark Zuckerberg doubled down on AI, chasing superintelligence for everyone.

Cboe and NYSE Arca have filed proposals that would allow exchanges to list crypto ETFs in a similar way to existing standards in TradFi.

MSFT and Meta both rocketed off in after-hours trading after reporting strong earnings, thanks to Artificial Intelligence, but on the crypto side, there wasn't much movement.

Robinhood saw its crypto revenue almost double to $160 million as CEO Vladimir Tenev confirmed plans to keep pushing its tokenization strategy in the US and abroad. Trading platform Robinhood’s crypto revenue increased 98% year-on-year to $160 million in the second quarter as CEO Vlad Tenev doubled down on plans to lead the real-world asset tokenization market in the US and abroad. Total net revenue climbed 45% year-on-year to $989 million, while net income increased by 105% to $386 million, Robinhood said in its earnings statement on Wednesday.  Despite beating Wall Street expectations, company shares slightly retraced in after-hours trading. Read more

Nathan Smith’s AI-built portfolio is up 23.8% in four weeks after leveraging ChatGPT. He shares his take on micro-caps, risk, and Python.

A new decentralized exchange on Ethereum layer-2 network Linea aims to fulfill the original promise of ETH DEXs.

South Korean prosecutors probing ex President Yoon Suk-yeol and former First Lady Kim Keon-hee question suspected crypto fraudster Jon Bur Kim. The post Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’ appeared first on Cryptonews.

Mysten Labs claims newer blockchains are ready for quantum computing, but older networks risk being left behind.

As Kraken eyes a $15 billion valuation and potential IPO, its Q2 report reveals growth and a shift toward TradFi products. Kraken reported $411.6 million in revenue for the second quarter of 2025, an 18% increase compared to the same period last year, according to its earnings release. However, the exchange’s adjusted earnings declined 7% year-over-year to $79.7 million, down from $85.5 million in Q2 2024. According to figures released on Wednesday, trading volume on the crypto exchange jumped by 19% over the past year, to $186.8 billion during Q2 2025. In other areas, Kraken also posted positive results, with assets jumping 47% to $43.2 billion, while funded accounts rose 37% to $4.4 million. The exchange’s stablecoin-to-fiat market share also grew, up from 43% to 68%. Read more