Smarter Web boosted its Bitcoin treasury with an additional $24.7 million BTC purchase as part of its 10-year strategy. United Kingdom-based web design and marketing firm The Smarter Web Company expanded its Bitcoin treasury, purchasing an additional 230.05 BTC for 17.97 million British pounds ($24.7 million) at an average price of $107,126 per coin. The London-listed firm now holds 773.58 BTC acquired at an average price of $107,015, bringing its total Bitcoin (BTC) investment to over $82.6 million, according to a filing on Tuesday. The purchase is part of Smarter Web’s “10 Year Plan,” a strategy launched in April to drive transparent growth through a Digital Assets Treasury Policy that focuses on Bitcoin accumulation to support “longer-term business value.” Read more
Deutsche Bank reportedly plans to launch a crypto custody service in 2026 with Bitpanda and Taurus, expanding its digital asset initiatives in Europe. Germany’s biggest bank, Deutsche Bank, is reportedly planning to allow its clients to store cryptocurrencies like Bitcoin next year. Deutsche Bank plans to launch a digital assets custody service in 2026 in collaboration with the technology unit of Austria-based Bitpanda crypto exchange, Bloomberg reported on Tuesday. The crypto custody service’s development will also involve Deutsche Bank-backed Swiss technology provider Taurus, according to Bloomberg, citing sources familiar with the matter. Read more
Bitcoin has never lost more than 10% by the July monthly candle close, while stocks have enjoyed straight gains since 2015; will history repeat? Key points: Bitcoin is tipped to gain as the S&P 500 starts a month that has been green for the past decade. Maximum July losses for BTC/USD are currently under 10%. Read more
Elon Musk’s xAI secures $10 billion to expand its operations as his clash with US President Donald Trump over government spending heats up again. Elon Musk’s artificial intelligence firm xAI secured $10 billion in fresh capital, doubling down on its challenge to OpenAI as the race to dominate the AI landscape intensifies. The funds were evenly split between secured debt and strategic equity investments. The influx gives xAI more resources to expand its Memphis-based Colossus supercomputer and train its Grok chatbot, CNBC reported Tuesday, citing Morgan Stanley. The funding round was reportedly oversubscribed, with major investors vying for stakes in Musk’s AI vision. Musk’s AI push comes as American rivals race ahead. OpenAI closed a $40 billion raise earlier this year at a staggering $300 billion valuation, while Anthropic secured fresh backing that pushed its value beyond $60 billion. Read more
Bitcoin’s high profitability signals a possible correction in the short term amid increasing calls for $200,00 BTC price later in 2025. Key takeaways: Bitcoin's 98% supply in profit signals bullish sentiment but warns of volatility and potential price corrections. Analysts predict BTC could hit $200,000 by 2025, but sustained demand is key. Read more
Malaysia’s securities regulator is seeking public feedback on a proposal to allow certain cryptocurrencies to be listed on exchanges without prior approval. The Securities Commission Malaysia (SC) is seeking public feedback on a proposal that would allow cryptocurrency exchanges to list certain digital assets without first obtaining explicit approval from the regulator. According to a Monday announcement, the regulator is considering liberalizing the framework for listing some digital assets on exchanges. Under the proposed rules, digital assets meeting specific criteria could be listed without explicit approval. “This aims to accelerate time-to-market, increase [crypto exchange] operator accountability and widen product offerings,” the announcement said. Read more
Applying advanced tools for tracking illicit stablecoin transactions is necessary; still, it is not enough to mitigate the risks of mass adoption. A recent warning from the Financial Action Task Force (FATF) about the rise of stablecoin-related crimes does not pose a threat to the cryptocurrency industry, according to executives at blockchain intelligence firms. The FATF’s call to address rising illicit stablecoin activity reflects a need for close monitoring and analysis rather than an effort to curb their growth, according to executives at Chainalysis and Asset Reality. The global financial crime watchdog sounded the alarm on stablecoins Thursday, asking regulators to focus on mitigating the risks of their potential mass adoption. Read more