Crypto

A coalition of crypto, fintech, and retail trade groups has urged President Donald Trump to take a firm stance in defending the nation’s open banking framework, warning that legal challenges by major banks threaten consumer data rights and could derail the administration’s innovation agenda. In a July 23 letter, the Financial Technology Association, Blockchain Association, […] The post Crypto, fintech lobbies urge Trump to defend open banking amid big banks’ legal challenge appeared first on CryptoSlate.

Investors were recently shorting ETH but now they're enthusiastic about the digital coin, said Galaxy CEO Mike Novogratz.

Ji Hun Kim became acting CEO of the Crypto Council for Innovation in December 2024 after the departure of Sheila Warren. Ji Hun Kim, a lawyer who previously worked at cryptocurrency exchanges Gemini and Kraken, has been appointed permanent CEO of the Crypto Council for Innovation (CCI), after serving in the role in an interim capacity. In a Thursday notice, the CCI said its board of directors had appointed Kim as CEO after serving as president and acting CEO since January. He previously worked as the organization’s chief legal and policy officer after three years at Gemini and less than a year at Kraken. “This is a pivotal moment of evolution for our industry, one that requires serious, informed engagement,” said Kim. “I look forward to continuing to build an institution that serves as a bridge between technology and public policy, grounded in facts, trust, and respect around the world.” Read more

Arbitrageurs who exploit price discrepancies between centralized and decentralized crypto exchanges are harming network decentralization, new research finds. Maximal-extractable value (MEV) on the Ethereum network is becoming increasingly centralized, with arbitrageurs tightening their grip on transaction ordering. According to a recent research paper, these arbitrageurs, called “searchers” in the paper, are increasingly in-house or have exclusive contracts with maximal extractable value builders, who are responsible for block construction on the Ethereum network. MEV refers to the profit that blockchain validators or other participants can earn by reordering transactions within a block before it’s finalized. On Ethereum, MEV often involves strategies like arbitrage, front-running, or sandwich attacks, where traders exploit price differences to maximize gains. Read more

XRP is flying high, but activity on the Ripple-linked XRP Ledger points to a clear shift in user activity, according to analysis.

NYC Crypto suspects William Duplessie and John Woeltz have secured $1 million bail while the court reviews claims they bound, shocked, and threatened a 28-year-old SoHo man to seize his Bitcoin. Mayor Eric Adams’ detail faces scrutiny after two officers allegedly drove the victim to the townhouse. The post NYC Crypto Torture Case Suspects Granted Million Dollar Bail appeared first on Cryptonews.

The Shiba Inu price has plunged by 7.5% in the past 24 hours, but is its burn rate about to help it climb to new highs? The post Shiba Inu Price Prediction: Burn Rate Surges 6,500% in 24 Hours – SHIB Preparing for a 5x Rally appeared first on Cryptonews.

GameSquare, a digital media company with an Ethereum treasury strategy, is borrowing stablecoins against its newly acquired CryptoPunk NFT.

Michael Saylor's Strategy has expanded its Stretch preferred stock offering to $2B, cutting the issue price to $90 amid heightened demand. The firm has stated proceeds will fund further Bitcoin purchases, even as a Delaware suit has contested recent share amendments. The post Michael Saylor’s Strategy Boosts Bitcoin War Chest With $2B Raise – Bloomberg appeared first on Cryptonews.

Bitcoin may face a short-term dip as a bearish divergence, CME gap, and a high IBCI reading point to downside below $115,000. Key takeaways: A hidden bearish divergence on the RSI hints at weakening bullish momentum for Bitcoin. A CME gap between $114,000–$115,000 could act as a magnet.  Read more

A growing majority of Gen Z crypto traders are turning to artificial intelligence (AI) to guide their strategies and it’s making them less prone to panic selling. According to a July 24 report from MEXC Research, which analyzed over 780,000 Gen Z trading accounts in the second quarter, found that 67% of users aged 18 […] The post MEXC finds that 67% of Gen Z crypto traders use AI tools, resulting in fewer panic sells appeared first on CryptoSlate.

The moves came as XRP reached an all-time high. It has more recently retreated.

ChatGPT's BTC Analysis has reviewed 42 indicators showing Bitcoin steady at $118,688, 16.6% above its 200-day EMA. RSI 63.83 aligns with expanding treasuries at Genius Group, Goldman Sachs, and BNY, balancing altseason rotation and quantum security worries over the next 90 days. The post ChatGPT’s 42-Indicator Bitcoin Analysis Flags Key $120K Test Amid Altseason Uncertainty appeared first on Cryptonews.

The partnership aims to use Grok’s AI to analyze real-world events for Kalshi’s regulated prediction markets.

Ethereum is gaining momentum against Bitcoin, with the ETH/BTC ratio jumping over 40% in the past month, from roughly 0.022 on June 23 to about 0.031, according to data from CryptoRank. This growth is due to increased institutional activity and robust inflows into Ethereum-focused exchange-traded funds (ETFs). Notably, Ethereum ETFs have attracted $4.4 billion in […] The post ETH/BTC ratio jumps 70% from April low as Ethereum overtakes Bitcoin in weekly spot volume appeared first on CryptoSlate.

The NYSE-traded firm said that it now held 566,776 ETH.

The issuer of the largest stablecoin per market capitalization is exploring the landscape after the GENIUS bill passed into law.

XRP vastly outperformed ETH over the past year, but institutional investor demand for Ether could change the trend. Key takeaways: XRP leads in yearly gains, surging 552% since July 2024 and 49% year-to-date. ETH sees major institutional adoption, with over $4.4 billion in holdings from firms like Bit Digital and BlackRock. Read more

After about two weeks of hearing from US government witnesses, Roman Storm’s legal team called Preston Van Loon to the stand to kick off its defense case. Prosecutors in the criminal trial of Tornado Cash co-founder and developer Roman Storm rested their case on Thursday, opening the door for defense counsel to call an Ethereum core developer as its first witness.  According to reporting by Inner City Press on Thursday from the US District Court for the Southern District of New York, Ethereum core developer Preston Van Loon testified in Storm’s defense case, which is expected to last about a week. The developer reportedly described Tornado Cash as a “privacy tool for Ethereum” and said he had used the mixing service four times to send a combined 43 Ether (ETH) in 2019 or 2020, citing safety concerns. “If [hackers] know the scope of my assets I can become a target,” said Van Loon, according to reporting from the courtroom. Read more

Myriad Markets users are making predictions on SharpLink Gaming’s Ethereum holdings, PENGU’s price, and a matchup between PUMP and Fartcoin.