Crypto

Strategy CEO Phong Le says the market still misunderstands and undervalues its Bitcoin play, as it posted $10 billion profit in the second quarter and plans to raise $4.2 billion to buy more. Strategy’s shares fell 1.4% in after-hours trading despite posting a company-record $10 billion in profit in the second quarter, as CEO Phong Le called the Bitcoin-holding company the “most misunderstood and undervalued stock” in the market. Strategy’s operating income rose 7,100% year-on-year (YOY) to $14 billion, the company Michael Saylor co-founded said in its earnings statement on Thursday. It marked the second reporting period in which the firm applied fair value accounting, which includes unrealized gains from Bitcoin (BTC). Strategy also announced plans to raise another $4.2 billion worth of shares through one of its preferred stock offerings to buy more Bitcoin, part of its long-term goal to buy $84 billion worth of the cryptocurrency under its upgraded “42/42” plan. Read more

Trump reaffirms $23B Bitcoin reserve strategy as BTC breaks triangle support. SEC reforms, whale moves, and bearish signals shape Q3 crypto outlook. The post Trump Backs $23B Bitcoin Plan as BTC Dips Below $116K: Is $110K Next? appeared first on Cryptonews.

The developers behind Samourai Wallet pleaded guilty to a single count of conspiracy to operate an unlicensed money‑transmitting business. The plea deal secures dismissal of the parallel money laundering conspiracy charge and caps potential prison time at five years. It also includes $237 million in forfeiture and a $400,000 fine. As journalist Matthew Russell Lee […] The post Samourai Wallet founders plead guilty to unlicensed money transmission; DOJ drops laundering, conspiracy charges appeared first on CryptoSlate.

The Algorand Foundation has released a sweeping new roadmap to revive its ecosystem and push blockchain adoption into everyday life. Announced on July 31, the 2025+ roadmap is a strategic pivot meant to reassert Algorand’s relevance in a market increasingly dominated by competitors like Solana and Ethereum. According to CEO Staci Warden, the Foundation is […] The post New Algorand roadmap shifts power to users, targets $18.9T tokenized market appeared first on CryptoSlate.

Illegal miners in the Russian Bitcoin mining hotspot of Ingushetia stole some $4.3 million worth of electricity in the first half of 2025, the state-controlled power firm Rosseti claims. The post Illegal Miners in Russian Bitcoin Mining Hotspot Stole $4.3M of Electricity in H1 2025 appeared first on Cryptonews.

JP Morgan Chase CEO and former crypto critic Jamie Dimon has praised stablecoins but still says he doesn't believe in Bitcoin.

Though it has weighed in on traditional staking, the US Securities and Exchange Commission has not issued guidance on liquid staking. Solana infrastructure provider Jito Labs, asset managers VanEck and Bitwise and two other stakeholders are appealing to the US Securities and Exchange Commission (SEC) to allow liquid staking for Solana exchange-traded products (ETPs). Liquid staking is a form of allocating tokens to a validator while receiving a derivative token in return, effectively meaning the staked tokens aren’t “locked up.” Liquid staked tokens (LSTs) can be traded, used in decentralized finance or even loaned. However, the process introduces additional risks not seen in traditional staking processes. Groups appealing to the SEC, including the Solana Policy Institute and Multicoin Capital Management, argue that liquid staking could improve capital efficiency by allowing ETP issuers to avoid forced rebalancing. Read more

Visa has grown its stablecoin settlement infrastructure to support three new tokens and two extra blockchains in its latest crypto push.

The Philippine government has officially launched a blockchain-based system to verify government documents on the Polygon network as part of a broader initiative to modernize public services and improve trust in state-issued records, local media reported on July 31. The new platform, introduced on July 30 by the Department of Budget and Management (DBM), allows […] The post Philippines turns to Polygon to secure government records on blockchain appeared first on CryptoSlate.

Once one of crypto’s loudest critics, Jamie Dimon now says he’s a “believer” in stablecoins as JPMorgan deepens its push into digital assets. JPMorgan CEO Jamie Dimon appeared to moderate his long-held skepticism toward digital assets in a CNBC interview Tuesday morning, saying he’s now “a believer in stablecoins” and sees value in blockchain technology. During the interview, Dimon suggested JPMorgan’s shift toward crypto is being driven by customer demand, not conviction. “We’re going to accommodate… It’s what the customer wants, not what JPMorgan wants,” he said, adding that all new financial products come with risk: “There’s never been a new financial product that didn’t entail risk.” JPMorgan has been sharply expanding its footprint in crypto. Dimon confirmed in mid‑July that the bank plans to participate in the space with its deposit coin and broader stablecoin issuance to “understand it and be good at it.” Read more

Claude predicts has examined crypto momentum since Bitcoin’s leap above $122,838 and has projected outsized 2025 returns for leading altcoins: XRP could rise to $7, Solana may touch $1,000 and Dogecoin might quintuple, while meme token T6900 has drawn early interest during its presale. The post Leading AI Claude Predicts the Price of XRP, Dogecoin and Solana appeared first on Cryptonews.

Crypto price prediction today has outlined Bitcoin holding within 3.5 % of its ATH while renewed momentum drives XRP, ADA, Pi Network and Snorter. Cooling RSI readings and bullish flag setups have encouraged forecasts that each coin may revisit or exceed previous peaks in the next leg higher. The post Crypto Price Prediction Today 31 July – XRP, Cardano, Pi Coin appeared first on Cryptonews.

This commemorates a milestone achievement for the evolving crypto market in Latin America.

China state TV bashes Trump’s crypto policies in 30-minute special. New Telegram dark markets tie with Huione’s infrastructure. Asia Express. CCTV, Chinas state broadcasting mouthpiece, aired a half-hour special on cryptocurrencies and how the US is attempting to solidify dollar dominance with stablecoins. The July 27 broadcast framed the new US stablecoin legislation GENIUS Act, as a geopolitical turning point. CCTV pinpointed that the new rules explicitly ban a Federal Reserveissued central bank digital currency (CBCD) while allowing stablecoins to export US debt in digital form. The broadcaster said stablecoins backed by US Treasury bonds represent the third phase of dollar hegemony after Bretton Woods gold and Middle Eastern oil. In this model, crypto users across the globe become indirect holders of US government debt, while stablecoin issuers emerge as the next generation of bond superbuyers. The program warned that this digital infrastructure could displace weaker currencies. Read more

The proposal aims to make Ethereum faster and quantum-resistant, while also reducing the layer-1 blockchain's technical complexity. Ethereum Foundation researcher Justin Drake has proposed “Lean Ethereum,” a plan to make the layer-1 smart contract network quantum-secure, while also simplifying Ethereum’s tech stack, which includes the consensus layer, data layer and execution layer.  The researcher proposed zero-knowledge powered virtual machines, a way of verifying data onchain without revealing the content of that data, to quantum-proof the execution layer and strengthen security. Drake called for data availability sampling as a way of reducing the storage requirements for the Ethereum blockchain, while preserving block integrity. Read more

John Woeltz, one of two men indicted for allegedly binding and assaulting a Bitcoin investor in New York, has been released on $1 million bail. Under Judge Gregory Carro’s ruling, Woeltz must wear an ankle monitor at an undisclosed location while prosecutors review evidence; trial date pending. The post Crypto Torture Suspect John Woeltz Posts $1 Million Bond appeared first on Cryptonews.

French Hill has pressed senators to advance comprehensive crypto market structure rules, urging passage of the CLARITY and GENIUS Acts after both bills won strong bipartisan House votes and as the White House has unveiled a detailed roadmap for digital asset oversight and DeFi integration. The post Chairman French Hill Urges Senate To Pass Crypto Market Legislation Following White House Report appeared first on Cryptonews.

ETH might have some more juice to push to $4,700, one analyst said, but strong resistance and seasonal headwinds point to consolidation.

The crypto exchange missed revenue estimates for Q2 2025, with transaction volumes falling sharply. Still, steady growth in stablecoin-related income offered some relief. Shares of Coinbase Global (COIN) plunged in after-hours trading Thursday after the crypto exchange missed Wall Street estimates on both earnings and revenue, despite hitting several key business milestones during the quarter. Coinbase reported $1.5 billion in second-quarter revenue, falling short of analysts’ expectations of $1.56 billion to $1.59 billion. While net income came in at $1.4 billion, adjusted net income, excluding investment gains, was just $33 million. Non-GAAP earnings were particularly weak, with profit at only $0.12 per share, well below the $1.49 per share analysts had projected. A sharp drop in transaction revenue, driven by falling spot crypto trading volumes, weighed heavily on results. Read more

Strategy has expanded its equity-for-crypto model with a $4.2 billion ATM facility for STRC preferred shares. The filing has followed record quarterly earnings and has suggested more funds will flow into Bitcoin, likely extending the 628,212-coin treasury built via previous stock programs. The post Strategy Bets Big: $4.2B STRC Offering Targets Massive Bitcoin Purchase appeared first on Cryptonews.