Cointelegraph.com
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Cointelegraph.com - 18:46 Jul 24, 2025
Ether versus Bitcoin in the US spot ETF world becomes a major talking point, with Swissblock research seeing ETH coming out winning in the long term. Key points: US spot ETF flows show Ether coming out on top against Bitcoin this week. Institutional capital is “rotating” into ETH, Swissblock says — a move that has implications beyond the short term. Read more -
Cointelegraph.com - 18:33 Jul 24, 2025
Bitcoin’s narrowing trading range could result in a springboard move to $135,000. Key point: BTC faces selling at $120,000, but the bulls have not ceded much ground, hinting at a breakout to new highs. Bitcoin (BTC) turned down from the $120,000 resistance on Wednesday, indicating that the bears are fiercely defending the level. The failure to break above the overhead resistance has resulted in net outflows of $285.2 million in the past three days in the US-based spot exchange-traded funds (ETFs), per Farside Investors data. That suggests the investors have turned cautious in the near term. However, a positive sign is that the bulls have not allowed the price to dip below $115,000. Read more -
Cointelegraph.com - 17:55 Jul 24, 2025
Michael Saylor’s company has accumulated 607,770 BTC since adopting its Bitcoin treasury strategy in 2020. Business intelligence firm–turned–Bitcoin treasury company Strategy has reportedly increased its preferred stock offering to $2 billion, up from the previously planned $500 million, as it continues raising capital to fund additional Bitcoin purchases. The Series A Perpetual Stretch preferred shares were priced at $90 each at noon Eastern Time on Thursday and carry an initial dividend of 9%, Bloomberg reported, citing an anonymous source. This update comes just days after Bloomberg first revealed the preferred equity sale, which at the time was expected to be marketed between $90 and $95 per share. As Cointelegraph reported, the offering includes 5 million preferred shares. Read more -
Cointelegraph.com - 17:40 Jul 24, 2025
The hack only affected a limited number of user wallets, but withdrawals have been temporarily paused for additional safety, the team said. Crypto trading platform Woo X paused withdrawal services after a cybersecurity breach affected several accounts, leading to $14 million in losses. Nine user accounts experienced “unauthorized withdrawals” on Thursday, the Woo X team said in an X post. The team added that the incident has since been contained: Cointelegraph reached out to Woo X but was unable to obtain a response from the trading platform by the time of publication. Read more -
Cointelegraph.com - 17:00 Jul 24, 2025
The digital asset service company joins a growing list of firms making stablecoin moves following the GENIUS bill's passage into law. Anchorage Digital, an institutionally-focused digital asset service provider, announced the launch of a stablecoin issuance platform on Thursday, tapping synthetic dollar and stablecoin issuer Ethena as its first partner client. The company will launch Ethena’s USDtb stablecoin in the United States, according to an announcement made on Thursday. Currently, USDtb is issued offshore. Issuing USDtb in the US will make the stablecoin fully compliant under the GENIUS stablecoin regulation, signed into law by US President Donald Trump in July. Read more -
Cointelegraph.com - 16:01 Jul 24, 2025
Buyers aggressively defended ADA’s $0.75 support level, possibly kickstarting a rally back to $1. Key point: ADA rebounded off a strong support, increasing the likelihood of a break above the $0.94 resistance. Strong rallies are generally followed by equally sharp declines. That is what happened with several altcoins, and Cardano (ADA) is no exception. Usually, the pullback shakes out the weak hands before resuming the uptrend. Read more -
Cointelegraph.com - 15:57 Jul 24, 2025
Bitzero is among several Bitcoin mining companies that have embraced the HPC and data center business. Bitzero has secured $25 million in funding to expand its business operations, as the Bitcoin miner and data center operator continues its strategic shift toward high-margin, high-performance computing (HPC) while emphasizing environmental sustainability. The funds will be used to acquire 2,900 Bitmain S21 Pro miners, with deployment scheduled over the next four to six months. This expansion is projected to generate an additional $10 million in revenue. Based in Vancouver, Canada, Bitzero operates data centers across North America and Europe. The company counts investor and Shark Tank personality Kevin O’Leary among its backers. Read more -
Cointelegraph.com - 15:15 Jul 24, 2025
Ethereum price has more room to run, with big overhead resistance at $4,500 in place and several key support levels below. Key takeaways: Ether dropped to $3,500 on Thursday, but onchain data shows no signs of a deeper drop, suggesting more growth potential in 2025. ETH price resistance at $4,500 remains the main barrier for now. Read more -
Cointelegraph.com - 15:00 Jul 24, 2025
Traditional staking rewards capital over contribution, creating unsustainable token economies. Tokenomics' future lies in performance-based tokenomics that reward measurable work. Opinion by: Naman Kabra, co-founder and CEO of NodeOps For years, staking was the gold standard in crypto. Stake tokens, secure the network and earn simple, elegant and trustless rewards. Somewhere along the way, we drifted. Staking stopped being about contribution and started being about capital. Rewards ballooned, emissions exploded and tokenomics shifted from supporting long-term infrastructure to chasing short-term yield. Read more -
Cointelegraph.com - 15:00 Jul 24, 2025
The Solana Foundation’s 2027 roadmap called market microstructures the “most important problem in Solana today.” The team behind the Solana blockchain has released a long-term roadmap detailing their strategy to make the Solana blockchain the foundational layer for global internet capital markets (ICMs) by 2027. ICMs, a term coined by former Solana Foundation core team member Akshay, refers to a “globally accessible ledger where entities, currencies, and cultures are tokenized,” allowing “anyone with an internet connection access to capital markets.” Solana’s “original mission” was to build the “decentralized backbone” for ICMs, according to Solana’s new Internet Capital Markets Roadmap, shared with Cointelegraph. Read more -
Cointelegraph.com - 14:35 Jul 24, 2025
A $44-million breach at CoinDCX has rocked India’s CoinDCX exchange, exposing silent vulnerabilities, delayed disclosures and the fragile infrastructure. India’s largest crypto exchange, CoinDCX, fell victim to a sophisticated $44.2-million hack on July 19, 2025. Attackers managed to gain access to an operational wallet and drained it within minutes. Fortunately, the security architecture of CoinDCX meant all customer funds were kept completely safe. Read more -
Cointelegraph.com - 14:30 Jul 24, 2025
The controversy over Robinhood’s OpenAI private stock tokens is only the beginning of a wider legal battle over tokenized equities. Robinhoods tokenized stock offerings in Europe have ignited debate over the legality of tokenizing equity, especially that of private companies like OpenAI. OpenAI said Robinhoods unapproved OpenAI tokens offer no equity ownership rights, causing regulators in Lithuania to open a formal inquiry. But thats just the start. With concerns over how different jurisdictions approach tokenized shares, the boundary between innovation and illegality, and whether there are sufficient legal protections for stock token holders. To unpack the legal complexities behind tokenized stocks, Magazine spoke with Yuriy Brisov of Digital & Analogue Partners, Joshua Chu of the Hong Kong Web3 Association and Yulia Murat, head of regulatory affairs at Global Ledger. The conversation has been edited for clarity and length. Read more -
Cointelegraph.com - 14:24 Jul 24, 2025
BlackRock’s iShares Ethereum ETF reached $10 billion in assets in just 251 days since its launch one year ago, while its Bitcoin ETF took only 34 days to break the milestone. BlackRock’s spot Ether exchange-traded fund (ETF) has emerged as one of the fastest-growing ETFs ever, joining the ranks alongside two other cryptocurrency funds. BlackRock’s iShares Ethereum ETF (ETHA) has become the third-fastest ETF to hit $10 billion in total assets under management (AUM), Bloomberg ETF analyst Eric Balchunas reported on Thursday. “Amazingly, it [ETHA] went from $5 billion to $10 billion in just 10 days,” Balchunas noted, calling the surge the “equivalent of a God candle.” Read more -
Cointelegraph.com - 14:00 Jul 24, 2025
The crypto industry in the UK is pushing for the government to change the rules of the road, and it just may be working. Despite promises from past prime ministers to turn the UK into a crypto hub, the UK is still cautious about regulating the crypto industry. In 2022, then Prime Minister Rishi Sunak promised to amend laws governing the crypto industry in the UK, making them friendlier to blockchain businesses. The rhetoric may have relieved entrepreneurs, but executives and observers from the industry say that progress is slow and that it still doesn’t have the rules it wants in order to expand. The Labour government under PM Keir Starmer has done little to further this agenda; crypto has taken a back seat to other concerns. Tom Spiller, a partner at crypto-focused Rosenblatt Law, told Cointelegraph that Labour “appears more cautious and there is not a clear focus that sits within the government’s key missions.” Read more -
Cointelegraph.com - 14:00 Jul 24, 2025
Franklin Templeton has launched the BENJI platform on at least seven blockchains, with the fund’s largest market share on Stellar. VeChain, a layer-1 blockchain for real-world applications, is partnering with $1.5 trillion asset manager Franklin Templeton to integrate the company’s BENJI platform for enterprise payments. The move extends the reach of Franklin Templeton’s platform while providing businesses operating on VeChain another stablecoin option, according to a statement shared with Cointelegraph. Franklin Templeton’s BENJI platform permits tokenized access to the company’s Franklin Templeton OnChain U.S. Government Money Fund (FOBXX), an onchain US government money fund worth about $780 million. The fund invests in cash, government securities and collateralized repurchase agreements. One BENJI token is equivalent to one share in the fund, which the company tries to peg to $1. Read more -
Cointelegraph.com - 14:00 Jul 24, 2025
Index funds, staking strategies and crypto’s new wave of accessibility are potentially shaping the future of investing in digital assets to look a lot more like traditional finance. Crypto has long had a communication problem. Between technical jargon, volatile headlines and confusing interfaces, many investors still see it as too complex or too risky to touch. In the latest episode of the “Clear Crypto Podcast,” host Nathan Jeffay welcomes Ryan Rasmussen, head of research at Bitwise Asset Management, to discuss the evolving landscape of crypto investing and how it’s finally becoming less intimidating for everyday and institutional investors alike. Rasmussen said crypto’s complex reputation is rapidly changing. “At Bitwise, our investors want different types of exposure to the crypto economy,” Rasmussen said. Read more -
Cointelegraph.com - 13:41 Jul 24, 2025
Japanese AI company Quantum Solutions launched a Bitcoin treasury via its Hong Kong subsidiary GPT Pals Studio, targeting a 3,000 BTC reserve within 12 months. Japanese publicly listed artificial intelligence company Quantum Solutions said it plans to create a Bitcoin treasury of 3,000 BTC within the next year, an investment of more than $350 million at current prices. According to a Thursday announcement, Quantum Solutions’ Bitcoin (BTC) treasury will be managed by wholly owned Hong Kong subsidiary GPT Pals Studio Limited. The subsidiary will commence operations with an initial investment of $10 million provided by the international investment firm Integrated Asset Management. Per the announcement, “the company views Bitcoin as a long-term, strategic reserve instrument.” Quantum Solutions plans to pursue its 3,000 BTC reserve target in stages, depending on market conditions, capital availability and the regulatory environment. Read more -
Cointelegraph.com - 12:50 Jul 24, 2025
Build on Bitcoin upgrades to ZK fraud proofs, aiming to climb L2Beat’s decentralization rankings and unlock Ethereum-level DeFi on Bitcoin. Layer-2 blockchain network Build on Bitcoin (BOB) has rolled out a major technical upgrade that brings it closer to getting a fully decentralized mark on L2Beat, a platform that ranks the maturity and decentralization of layer-2 networks. BOB, which aims to bring Ethereum-style decentralized finance (DeFi) capabilities to Bitcoin, has implemented zero-knowledge (ZK) fraud proofs within an optimistic rollup framework. This means that BOB is using an optimistic rollup structure but replaces the traditional and slow fraud-checking process with faster ZK fraud proofs, a shift that allows transaction disputes to be resolved in minutes using cryptographic proofs. Read more -
Cointelegraph.com - 12:30 Jul 24, 2025
Satsuma Technology raised $135 million to fund one of the UK's biggest single Bitcoin treasury acquisitions, positioning itself as a top regional BTC holder. London-based artificial intelligence firm Satsuma Technology raised 100 million British pounds ($135 million) for its new Bitcoin treasury, setting a national record for BTC treasury raises. According to a Thursday announcement, Satsuma Technology said it “has successfully closed the book on the raise materially in excess” of the $135 million target. The company expects all committed funds to arrive within the next two weeks. If the full amount is converted into Bitcoin, the purchase would make Satsuma the second-largest corporate Bitcoin (BTC) holder in the UK, behind The Smarter Web Company, which holds 1,600 BTC worth about $190 million, according to BitcoinTreasuries.NET data. Currently, Phoenix Digital Assets holds second place with 247 BTC valued at $29 million. Read more -
Cointelegraph.com - 22:09 Jul 23, 2025
With the trial of the Tornado Cash co-founder ending its eighth day, a witness testified Roman Storm had control over some of the funds connected to the mixing service. US prosecutors in the criminal case against Tornado Cash co-founder and developer Roman Storm offered testimony from an Internal Revenue Service (IRS) agent as they prepare to rest their case on Thursday. According to reporting from Inner City Press on Wednesday, IRS Criminal Investigation Special Agent Stephan George testified he had reviewed transaction records connected to cryptocurrency exchanges Crypto.com and Binance. George reportedly said that Storm “[had] control” over funds after an account connected to Binance sent crypto to Tornado Cash smart contract addresses, based on communications between the co-founders: Storm, Alexey Pertsey and Roman Semenov. Read more
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