Crypto

Robinhood Stock Tokens have drawn EU regulator scrutiny as OpenAI and SpaceX disavowed ties. The post Robinhood Stock Tokens Face EU Regulator Probe After OpenAI Warns: “Not Our Equity” appeared first on Cryptonews.

Traders are unwinding their bearish positions as Bitcoin holds strong, fueling optimism for a potential breakout to $120,000. Key takeaways: Bitcoin derivatives show reduced demand for downside protection, suggesting renewed investor confidence. US import tariff hikes on Japan and South Korea intensified recession fears, boosting Bitcoin’s appeal as a hedge. Read more

Robinhood’s OpenAI and SpaceX tokens are controversial, but the fine print indicates that they offer indirect exposure to these companies through derivatives. Robinhood’s stock token offerings are under regulatory scrutiny in the European Union after OpenAI warned investors that the digital brokerage’s so-called OpenAI tokens do not represent any equity stake in the company. OpenAI’s warning prompted an inquiry by Lithuania’s central bank, which serves as Robinhood’s primary regulator in the region.  The Bank of Lithuania is “awaiting clarifications” regarding Robinhood’s stock token offerings linked to OpenAI and SpaceX, CNBC reported on Monday, citing Giedrius Šniukas, a spokesperson for the Bank of Lithuania. Read more

The company, which operates hotels across Mexico, is also exploring ways to integrate BTC as a payment and loyalty rewards program for customers.

Solana matched all other L1 and L2 chains in monthly active addresses in June and has led in network revenue for three consecutive quarters.

A new poll from a pro-crypto group asserts most voters are unaware of the president’s personal digital assets ventures—which have recently threatened the fate of crypto legislation.

CleanSpark reached 50 EH/s in operational hashrate in June, increasing its total Bitcoin holdings to 12,608 BTC even with significant monthly sales. CleanSpark’s Bitcoin output has surged more than 50% year-over-year, despite the challenges posed by the post-halving environment for BTC miners. The company posted an operational hashrate of 50 EH/s in June from 20.4 EH/s a year earlier, representing a 145.1% jump in mining capacity. Last month, it mined 685 BTC worth $74.2 million at current prices, from 445 BTC mined in June 2024. EH/s stands for exa hash per second, a measurement of computational power. "The tireless efforts of our operations and technology teams resulted in the addition of over 10 EH/s of capacity across four states to achieve the ambitious target,” said in a statement Zach Bradford, CEO and president of CleanSpark. “This represents a 9.6% month-over-month increase.” Read more

Bit Digital sold 280 Bitcoin (BTC) from its treasury and used the proceeds to purchase Ethereum (ETH), marking the completion of a three-month transition to an Ethereum-only treasury strategy. According to a July 7 announcement, the New York-based miner also closed an underwritten share sale that raised approximately $172 million in gross proceeds, as stated […] The post Bit Digital converts entire 280 BTC reserve to $172M worth of Ethereum appeared first on CryptoSlate.

As public interest in China for stablecoins rise, authorities warn of investment scams.

The Pi Coin price and trading activity have dwindled in the days following “Pi Day,” an event where the Core Team unveiled several ecosystem updates.According to CoinMarketCap, Pi’s 8-day trading volume has fallen below $100 million — with just $46 million exchanged on Sunday alone.This steady decline in interest suggests weakening momentum, supporting a bearish […] The post Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good? appeared first on Cryptonews.

CoreWeave, a rising player in the artificial intelligence industry, has entered a definitive agreement to acquire Bitcoin mining company Core Scientific in an all-stock transaction, according to a July 7 announcement. This strategic move would help CoreWeave to strengthen its data center capabilities and expand its AI and high-performance computing (HPC) infrastructure. Agreement terms Under the […] The post CoreWeave’s $9B Core Scientific deal faces backlash and legal investigation appeared first on CryptoSlate.

The dismissal came days before Tornado Cash developer Roman Storm was scheduled to face charges in US federal court. The US Court of Appeals for the Eleventh Circuit has dismissed an appeal filed by crypto advocacy organization Coin Center against the US Treasury Department over its Office of Foreign Assets Control’s 2022 sanctions against the Tornado Cash mixing service. In a Thursday filing, the appellate court granted a motion to vacate a lower court ruling and remand with instructions to dismiss as part of a joint filing with Coin Center and the US Treasury. The dismissal, according to the court, would essentially conclude Coin Center’s legal challenge against the Treasury’s Office of Foreign Assets Control (OFAC). In 2022, OFAC added multiple wallet addresses connected to Tornado Cash to its list of sanctioned entities. Coin Center filed a lawsuit alleging that the Treasury Department “exceeded [its] statutory authority” in the sanctions, though there were other lawsuits filed by interested parties, incl...

Bitcoin futures show rising long-side buy pressure as open interest surges. Key takeaways: Bitcoin futures open interest has climbed +7% in 30 days, suggesting a bullish shift in sentiment. A Bitcoin market momentum indicator shows that long-side buy pressure is rising. Read more

The TON Foundation has denied claims that it has launched an official UAE Golden Visa initiative, clarifying that no formal partnership exists between the blockchain project and the UAE government. The clarification follows widespread social media reports suggesting that digital asset investors could gain UAE residency through staking TON tokens. Over the weekend, TON promotions […] The post Ton Foundation clarifies misleading announcement regarding UAE golden visa appeared first on CryptoSlate.

Can Bitcoin hold $100K? Prediction market users on Myriad are bullish on the odds, but the charts suggest it might be a close call.

The FBI was able to recover 40,300 USDT.ETH, which it is now seeking to return to the victim.

Deal valued at $20.40/share marks second acquisition attempt; KBW sees limited upside for Core Scientific shareholders.

The Eleventh Circuit Court of Appeals on July 3 vacated the Northern District of Florida’s 2023 order upholding the Treasury’s sanctions against Tornado Cash and instructed the lower court to dismiss the case.  The one-page mandate ends the Coin Center v. Yellen appeal, the only remaining case over OFAC’s August 2022 designation of the Ethereum-based […] The post US Court vacates Tornado Cash sanctions ruling, orders Florida case dismissal appeared first on CryptoSlate.

The miner increased its total holdings to 1,792 BTC.

After first launching on Avalanche, the GUN token from shooter game Off the Grid is now coming to Solana—and maybe more chains ahead.