Crypto

Eskom has mapped a long-term plan that includes Bitcoin mining, artificial intelligence and data centres to absorb surplus baseload electricity and stem financial decline. The utility has seen a 4% sales drop in 2023 and faces a R403 billion debt while municipal arrears mount to R90 billion. The post Eskom Eyes Bitcoin Mining & AI to Tackle $22.7B Debt – Can the Lights Stay On? appeared first on Cryptonews.

Figma’s initial public offering (IPO) prospectus reveals that the design software company holds approximately $69.5 million of the Bitwise Bitcoin ETF (BITB). According to a July 1 filing, a table lists the ETF under level-1 marketable securities at $69.533 million.  The document also stated that the board authorized a $55 million purchase on March 3, […] The post Figma discloses $70M Bitcoin exposure via Bitwise ETF in IPO filing, plans another $30M buy appeared first on CryptoSlate.

SOL retraced its ETF rally, and with over 14% of supply concentrated at $144, holding this key support is critical to avoid a deeper correction. Key takeaways: SOL’s 5% ETF-driven rally to $160 was reversed entirely within 24 hours, exposing persistent technical weakness on the lower and higher time frames. SOL trades near a key $144.5–$147.7 supply cluster. A breakdown below $144 could trigger a drop to $124 or even $95–$100, where support thins out. Read more

Grayscale has slowly narrowed the arbitrage opportunities on its crypto trusts by converting them into exchange-traded funds. Asset manager Grayscale received approval from the US Securities and Exchange Commission (SEC) on Tuesday to convert its Digital Large-Cap Fund into an exchange-traded fund (ETF). The fund consists of the five biggest cryptocurrencies by market capitalization featured in the CoinDesk Five Index. Roughly 80.2% of the weighted fund is Bitcoin (BTC), followed by Ether (ETH) at 11.3%, while Solana (SOL) accounts for approximately 2.7% of the fund, XRP (XRP) commands over 4.8%, and Cardano's ADA (ADA) has a weighting of 0.81% in the fund. Read more

The Florida-based firm produced 237 fewer Bitcoin in June compared to the month prior, but said in its latest report that it would increase its network’s power by 40%. 

"The decision is in line with the Eurosystem’s commitment to supporting innovation without compromising on safety and efficiency in financial market infrastructures," a release said.

Powell said Tuesday that if not for President Trump's aggressive tariff policies, the Fed would have likely already cut interest rates in 2025.

ETH fell to $2,418, down 3.3% in 24 hours, as traders failed to defend support near $2,460 during high-volume selling.

A Kraken spokesperson told Decrypt that the company is working to bring xStocks to chains beyond Solana.

Bitcoin (BTC) investors have kept their coins off exchanges in recent weeks, even as market-wide profitability climbed to levels that typically trigger distribution, according to a July 1 report from Glassnode. Bitcoin fell from $106,000 to $99,000 during last week’s Israel-Iran flare-up, but buyers defended the short-term holder cost basis at $98,300 and pushed the […] The post Bitcoin holders exhibit ‘diamond hands’ as unrealized profits swell past $1 trillion appeared first on CryptoSlate.

The United States Securities and Exchange Commission is reportedly considering simplifying the listing process for certain crypto ETFs. The United States Securities and Exchange Commission (SEC) is reportedly exploring a simplified listing structure for crypto exchange-traded funds (ETFs) that would automate a significant portion of the approval process. Under the proposed overhaul, ETF issuers could potentially sidestep 19b-4 application filings, the form entities submit to the SEC before listing a financial product on exchanges, according to crypto journalist Eleanor Terrett. Instead, issuers would submit SEC form S-1, the initial listing registration filing, and wait for 75 days. If the SEC does not object to the application, the issuer would be free to list the ETF, reducing the back-and-forth communication between fund managers and the regulator. Read more

SEC may approve Grayscale’s GDLC ETF this week, analyst says it could pave the way for U.S. spot ETFs for XRP, Solana, and Cardano.

A revisit to the $100,000 level seems likely now that BTC price slipped below two key support levels. Key point: Selling accelerated on Tuesday, raising the chance for a Bitcoin price drop to $104,000. Bitcoin (BTC) pulled back to $105,250 on Tuesday after failing to cross above the $109,000 mark on Sunday and Monday. Bitfinex analysts said in a market report that Bitcoin could have formed a local top or may enter a period of consolidation.  Read more

The crypto market saw significant declines on July 1 despite Bitcoin’s record monthly close the day prior amid continued institutional and corporate accumulation. Bitcoin (BTC) managed to maintain its footing above the $105,000, but altcoins experienced drastic declines, with some posting double-digit percentage losses for the day. Bitcoin fell nearly 2% to a low of […] The post Bitcoin dips to $105k on Q3 open despite record monthly close appeared first on CryptoSlate.

Polyhedra’s Phoenix Revival has recognised ZKJ holders who kept their stakes during June’s 90 % plunge, basing allocations on on-chain balances at the time and granting airdrops and product incentives. The gesture has sparked criticism, as many argue buybacks would better address the token’s losses. The post Polyhedra’s Phoenix Revival: Stakers Rewarded After ZKJ Liquidity Crash – What’s Next? appeared first on Cryptonews.

SOL dropped nearly 8% despite growing institutional demand and an imminent U.S. ETF offering staking rewards.

The Ethereum Foundation has continued its systematic sale of ETH, moving $32 million to a multisig wallet even as critics urge staking over disposals. Meanwhile, Fidelity has purchased $25.7 million, and large holders have accumulated 14.2 million ETH, matching historic 2018 bear-market levels. The post Ethereum Foundation Dumps $32M as Fidelity Buys $25.7M – ETH $2200 Crash or $2800 Breakout Incoming? appeared first on Cryptonews.

Public companies bought 245,510 Bitcoin (BTC) in the first half of the year, more than 2x higher than the 118,424 BTC absorbed by exchange-traded funds (ETFs) during the same period. The year-to-date figure marks a 375% jump from the 51,653 BTC corporations acquired in the first half of 2024. ETFs, by contrast, purchased 56% less […] The post Corporate treasuries double ETF Bitcoin buys in H1, signaling aggressive boardroom adoption appeared first on CryptoSlate.

Bitcoin selling intensified this week, but data shows an assortment of buyers absorbing the flow. Key takeaways: Bitcoin is stuck between $100,000–$110,000 as mid-to-long-term holders lock in profits. Despite the movement of older coins, one analyst sees this redistribution as typical in bull markets and believes the market is absorbing the selling pressure. Read more

Many provisions of the legislation, which received overwhelming support in the state House and Senate, take effect on Oct. 1. Connecticut Governor Ned Lamont has signed a bill into law restricting the use of digital assets in state government, including the establishment of a cryptocurrency reserve. On Monday, Lamont signed Connecticut House Bill 7082, which was previously approved by the US state’s House of Representatives and Senate. The legislation specifically prohibits the state government from “accepting or requiring payment in the form of virtual currency” or “purchasing, holding, investing in or establishing” a crypto reserve. The bill, introduced in February by state Representative Jason Doucette, also establishes requirements for crypto money transmission licensees in Connecticut. The provisions barring the state government from accepting crypto or establishing a digital asset reserve take effect on Oct. 1. Read more