Crypto

Bitcoin's bullish momentum fades as new buyers decline, but long-term holders reach 15-year highs while BTC dominance surges to 65%, says ARK Invest.

Ethereum’s proposed move to 6-second block times under EIP-7782 promises faster transactions and real-time responsiveness. Ethereum core developer Barnabé Mannot has proposed EIP-7782, which seeks to halve Ethereum block times from 12 to six seconds.  If accepted, it would become one of the most significant upgrades since The Merge, which introduced the new proof-of-stake (PoS) consensus layer. The EIP-7782 proposal put forward the promise of faster confirmations and improved decentralized finance (DeFi) efficiency. Read more

Bitcoin price performance frustrates bulls as $110,000 stays out of reach, but the clock is ticking to even more risk-asset volatility. Key points: Bitcoin tries and fails to crack $110,000 as overhead liquidity thickens. Traders say that more signs of strength are needed to reignite bull market momentum. Read more

A look inside the industrial-scale phone bot farms that fake activity to steal crypto airdrops away from genuine users. It was in a refrigerated tin shed just 40 minutes from Ho Chi Minh City that Mirai Labs CEO Corey Wilton finally understood the immense scale by which crypto airdrops are being gamed.  Its genuinely scary, Wilton tells Magazine shortly after visiting a phone farm in Southern Vietnam, which he estimates has at least 30,000 smartphones in a room no larger than a studio-sized apartment.  For four years, Winton had been hoping to get a first-hand look at the type of operation that undermined his flagship NFT horse-racing game Pegaxy in 2021.  Read more

Tokyo-listed energy and fintech firm Remixpoint has raised 31.5 billion Japanese yen ($215 million) to expand its Bitcoin treasury, aiming to accumulate 3,000 BTC. Tokyo-based energy company Remixpoint raised 31.5 billion yen (around $215 million) to expand its Bitcoin treasury, according to a Wednesday announcement. Remixpoint will allocate the newly raised funds entirely to Bitcoin (BTC) acquisition, the company said in an X post. The funds were raised through Remixpoint’s 25th series of stock acquisition rights and fourth series of unsecured bonds, according to local media outlet CoinPost. This series of stock acquisition rights will create 55 million new shares, representing a 39.9% dilution. The issuance is made without any discount and is conducted at market price. Read more

Decentralized exchange GMX is believed to have suffered a major exploit, with over $42 million in digital assets reportedly drained from its vaults, according to data from DeBank. The post [LIVE] Suspected Exploit Hits GMX Exchange: Over $42M Drained from Vaults – DeBank Reports appeared first on Cryptonews.

Bullish chart setups hint at more upside for XRP, with price targets near $2.87 and possibly $3.72 if momentum holds. Key takeaways: XRP price jumped around 12% after Ripple named BNY Mellon as custodian for its RLUSD stablecoin. Traders are betting on increased XRP utility as RLUSD adoption potentially shifts from Ethereum to XRPL. Read more

Bitcoin breaks $109K as scammers target a historic $8.7B Mt. Gox wallet. Technicals point to $110K breakout. Here’s my take on the chart and trade plan. The post Bitcoin Price Prediction: Hackers Target $8.7B Mt. Gox Wallet – Could a Breach Trigger Market Chaos?  appeared first on Cryptonews.

The growing role of blockchains in trade finance. The XDC Network offers a case study in cautious, incremental adoption. Trade finance rarely makes headlines. But behind the scenes, it underpins over $30 trillion in annual global commerce. Still, the systems that power it remain paper-heavy, slow and exclusionary.  Small and medium-sized enterprises (SMEs)  are still routinely denied financing due to fragmented infrastructure and therefore face barriers when participating in global commerce. In its latest report, Cointelegraph Research analyses increasing number of institutions and governments asking whether blockchain can offer a more efficient model. One notable project in this regard is the XDC Network. To learn more about how XDC utilizes blockchain to digitize trade documents, download the full report here Read more

Galaxy Digital has expanded access to its institutional staking platform through a new integration with crypto custody provider Fireblocks. The post Galaxy Digital Taps Fireblocks to Offer Staking Access to 2,000 Financial Giants appeared first on Cryptonews.

Crypto exchange Kraken and tokenization platform Backed have announced a new partnership with BNB Chain to expand the reach of xStocks — tokenized versions of U.S. equities. The post Kraken and Backed Expand xStocks Access Through BNB Chain appeared first on Cryptonews.

Aave ($AAVE) climbed 5.8% in 24 hours, testing $300 as DeFi’s top protocol with $26.47 billion locked. Now, a bullish pennant formation signals a potential push toward $325, if buyers hold key support. With institutional interest growing and liquidity at record highs, Aave’s momentum could breach $300 resistance. Traders watch for the next confirmation. A […] The post Aave Soars: 5.8% Growth in 24 Hours, Eyes on $325 and Beyond — What’s Next for $AAVE? appeared first on Cryptonews.

Polygon Foundation CEO Sandeep Nailwal described the upcoming Heimdall 2.0 upgrade as the “most complex” Polygon hard fork since 2020. Polygon is set to deploy its most complex hard fork to date on Thursday, upgrading its proof-of-stake blockchain with a new consensus layer dubbed Heimdall 2.0. In an X post, Polygon Foundation CEO Sandeep Nailwal said the upgrade enhances the backbone of Polygon’s proof-of-stake (PoS) blockchain. It will replace legacy components dating back to 2018 and 2019 with newer infrastructure.  “This is the most technically complex hard fork Polygon PoS has seen since its launch in 2020,” Nailwal wrote, adding that it will improve finality, user experience and the network’s upgradeability.  Read more

Elon Musk says that his new America Party will support Bitcoin, but does it have a chance in the American political system? The growing rift between Tesla CEO Elon Musk and US President Donald Trump turned into a gulf on July 5 when Musk announced the independent America Party, supposedly focused on Bitcoin and centrist policies. The move was catalyzed by Congress passing the Trump administration’s controversial One Big Beautiful Bill Act. According to Musk, the bill flies in the face of the administration’s initial efforts to cut government spending. The America Party has yet to hold a formative congress or issue a specific platform. Little is known about the party’s stance, beyond Musk’s vague comments of a preference for centrism, deregulation, reduction of government spending and support for Bitcoin (BTC). Read more

Launched in late 2024, Ripple’s enterprise-focused RLUSD stablecoin has hit a $500 million market cap in less than seven months. Ripple’s US dollar-pegged stablecoin, Ripple USD (RLUSD), has received a significant boost by integrating with Transak, a major cryptocurrency payments platform. Transak has officially integrated support for the Ripple USD stablecoin, enabling its 8.3 million users to purchase RLUSD using multiple fiat currencies, the company announced in a statement shared with Cointelegraph on Wednesday. “We worked closely with the Ripple team to understand how RLUSD could benefit from wider distribution across Transak’s global network — spanning more than 450 wallets, DApps [decentralized apps] and exchanges,” said Transak’s head of marketing, Harshit Gangwar. Read more

On-chain prediction markets such as Myriad have rapidly gained traction in recent years. Here’s how they work.

Bybit will host PumpFun’s PUMP token sale, but users in Europe will be excluded due to regulatory restrictions. Update (July 9, 2:10 pm UTC): This article has been updated to include token sale confirmation from Pump.fun. Bybit has confirmed details of the much-awaited Pump.fun token sale, revealing that users registered through its European Union-regulated platform, Bybit.eu, will not be able to participate, citing compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA). The public sale of PUMP, the native token of the no-code memecoin launchpad Pump.fun, will open on Saturday at 14:00 UTC and run through Tuesday, according to a Wednesday press release shared with Cointelegraph. A total of 150 billion PUMP tokens, 15% of the 1 trillion total supply, will be offered at a fixed price of $0.004 USDT per token. Read more

Ethereum co-founder Joseph Lubin said that corporate ETH treasuries are vital for driving ecosystem growth. Ethereum co-founder Joseph Lubin said ETH treasuries are crucial for the development of the Ethereum ecosystem. During an interview with CNBC on Tuesday, Lubin said that a large amount of Ether (ETH) is in circulation, but there is insufficient activity to utilize it. He cited this as the reason he is involved in building the Ethereum treasury company SharpLink Gaming, where he serves as chairman. Lubin said Ether treasuries are “a great business to run.” He also said that “it’s going to be critical to enable the supply-demand dynamics of Ether to right-size as we build more and more applications.” Read more

Myriad's prediction market ecosystem enables you to make predictions using points and USDC. Here’s how to get set up and start using it.

The duo allegedly used lavish Dubai events and luxury displays to lure investors into a bogus forex scheme that collapsed in 2023.