Crypto

Ethereum is eyeing a breakout toward $3,400 as it consolidates within a bull pennant, echoing classic continuation patterns from past rallies. Key takeaways: Ethereum mega whales have increased their holdings by 9.31%, a stronger buildup than before the 2022 rally. ETH is consolidating inside a bull pennant, with a breakout potentially targeting $3,400 by August. Read more

OpenAI denounced Robinhood’s offering of its private stock as a crypto token, but the trading app wants to add thousands more to its roster.

Rally's CEO Chris Maddern will become OpenSea's CTO as a part of the acquisition.

ATOM holders will be feeling assured after Cosmos' token held firm above the $4.00 level of support.

As AI threatens to deepen gender disparities in the workforce, blockchain technology can be a powerful tool to empower women to reclaim their rightful place in the digital future. Opinion by: Lisa Loud, executive director at Secret Network Left unchecked, algorithms will replay yesterday’s prejudices at machine speed, sidelining half the workforce and entrenching wage gaps for a generation. A fresh warning from the International Labour Organization shows the danger in high-income economies where almost 10% of jobs held by women face disruption from generative artificial intelligence — nearly triple the share for men. Read more

The deal highlights the growing adoption of crowdsourced geospatial data as autonomous ride-sharing firms look for more precise, up-to-date mapping infrastructure.

Bitcoin mining company Core Scientific has revealed that AI infrastructure firm CoreWeave will acquire it in an all-stock transaction for $9 billion. The post AI Company CoreWeave Will Buy Bitcoin Mining Giant Core Scientific for $9 Billion appeared first on Cryptonews.

Santiment reports strong Bitcoin ETF inflows, with only one day of outflows since June 6, signaling bullish momentum for BTC.

FARTCOIN is one of the worst-performing altcoins throughout the past 24 hours, begging the question if the pain is over.

Thailand’s five-year tax break on crypto capital gains looks like a dream for investors, but the fine print reveals a strategic push for surveillance, platform control and regulatory dominance. Thailand is rolling out the crypto red carpet, but before you jump in, there’s more to this tax holiday than meets the eye. Yes, it’s true, from Jan. 1, 2025, all capital gains on crypto transactions made through licensed platforms will be tax-free until the end of 2029.  At first glance, Thailand’s crypto tax exemption sounds like a trader’s paradise. No capital gains tax for five years?  Read more

The scheme involved the pair cold-calling 65 victims and convincing them to invest in a fake crypto consultancy firm.

Tesseract CEO James Harris says Ethereum is “one of our top conviction picks” and looks set to hit $6,500 by end of the year. Trade Secrets. Welcome to Trade Secrets Bitcoin and Ethereum price predictions from top analysts, along with options data, sentiment analysis and prediction markets to determine what they can tell us about the months and years ahead. Ether will skyrocket 160% from its current price of $2,570 before the end of this year, predicts crypto yield generation firm Tesseract CEO James Harris.  We forecast ETH at $6,500 by end-2025, assuming continued growth in ETH staking participation, higher gas consumption from layer 2 applications, and no significant regulatory headwinds specific to Ethereum, Harris tells Magazine. Ethereum is one of our top conviction picks among large-caps.  Read more

Strike’s Founder talks to CoinDesk TV about founding Twenty One with Tether and SoftBank and why he sees bitcoin as “moral imperative” as much as a financial instrument.

The company introduced a new metric, ETH Concentration, that measures the number of ETH held per 1,000 diluted shares outstanding.

Hyperliquid ($HYPE) nosedived 3.4% in 24 hours as bears shattered a critical $38 support, triggering a triple-top breakdown with $43 rejections. Trading volume spiked 37% to $270M, signaling escalating sell pressure as delta readings flashed -14.6K in a single candle. Despite the selloff, Hyperliquid retains its dominance as a top-tier perpetuals DEX, processing $1.57T in […] The post $HYPE Crashes 3.4% as Bears Shatter $38 Support – Is This the Start of a 20% Plunge to $31? appeared first on Cryptonews.

Falcon Finance’s Falcon USD (USDf) lost its dollar peg on Tuesday amid falling liquidity, collateral quality concerns and accusations of mismanagement. Update (July 8 at 4:01 pm UTC): This article has been updated to include comments from Andrei Grachev. Falcon USD (USDf), a synthetic overcollateralized stablecoin issued by decentralized finance (DeFi) protocol Falcon Finance, dropped below its intended $1 peg on Tuesday amid rising concerns over liquidity and collateral quality. CoinMarketCap data shows that Falcon USD (USDf) fell as low as $0.9783 on Tuesday morning. The drop triggered fresh scrutiny from the DeFi community, with some industry observers questioning the token’s backing and governance. Obchakevich Research founder Alex Obchakevich told Cointelegraph that he is “concerned about the situation,” adding that rumors of collateral quality issues have undermined investor confidence. Unlike fiat-backed stablecoins such as USDC (USDC) or USDt (USDT), Falcon USD is not directly pegged by US dollar depo...

Truth Social has filed to launch a crypto ETF tracking BTC, ETH, SOL, CRO and XRP, aiming to list on NYSE Arca after regulatory approval. Trump Media’s Truth Social has filed an S-1 registration with the United States Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking multiple blue-chip crypto assets.  According to a Tuesday filing, the “Truth Social Crypto Blue Chip ETF” will track the performance of a basket of top crypto assets, including Bitcoin (BTC), Ether (ETH), Solana (SOL), Cronos (CRO) and XRP (XRP).  The preliminary prospectus said the ETF will allocate 70% of its holdings to BTC, 15% to ETH, 8% to SOL, 5% to CRO and 2% to XRP. A custodian will hold the underlying assets, and any changes to the allocation ratio will require an amendment to the agreement and regulatory approval.  Read more

The new Truth Social Crypto Blue Chip ETF would allocate 85% to bitcoin and ether, with solana, XRP and cronos rounding out the portfolio.

CME has overtaken Binance as the world's largest Bitcoin futures exchange by open interest, reaching $16.5 billion, while decentralized platform Hyperliquid achieved record-breaking $5 billion daily trading volumes and commands over 80% of the DeFi perpetual contracts market share. The post CME Beats Binance in BTC Futures While Hyperliquid Hits $5B in Volume: CoinGlass H1 Report appeared first on Cryptonews.

Ripple shareholder Linqto has filed for bankruptcy following months of controversy around securities laws violations, with the first hearing expected on Tuesday. Update (July 8 at 6:41 pm UTC): This article has been updated to include comments from Phil Haslett. Linqto, a private investment platform that allows investors to buy shares in pre-initial public offering companies, has filed for Chapter 11 bankruptcy in the United States. The company holds 4.7 million Ripple shares bought on the private market. Linqto filed for bankruptcy with the US District Court for the Southern District of Texas on Monday. Read more