Cointelegraph.com
Source:
https://cointelegraph.com
Found 5789 news
-
Cointelegraph.com - 21:36 Jul 21, 2025
Polymarket comes back to the United States more than two years after US regulators dropped investigations into the predictions market platform. Online betting platform Polymarket said it acquired QCEX, US-licensed derivatives exchange and clearinghouse for $112 million, paving the way for the company’s return to the United States after a hiatus of more than two years. According to its website, QCEX is based in Boca Raton, Florida, with both entities, the derivatives exchange and the clearinghouse, under the oversight of the Commodity and Futures Trading Commission (CFTC). Polymarket is a decentralized prediction market platform that lets users trade on the outcomes of real-world events, such as election results and sports events. According to Token Terminal, trading volume on the prediction platform surpassed $15 billion over the past year. Read more -
Cointelegraph.com - 20:56 Jul 21, 2025
The new entity will manage a crypto corporate reserve powered by the ENA token, with investors including Pantera, Galaxy Digital and the Ethena Foundation. StablecoinX, a new infrastructure company within the Ethena ecosystem, is going public through a merger with TLGY Acquisition Corp., securing $360 million to build a crypto corporate reserve anchored by the ENA token. After the merger, the combined company will be called StablecoinX Inc., and plans to list its Class A shares on the Nasdaq stock exchange under the ticker symbol “USDE.” The new company will provide infrastructure and staking services for the Ethena protocol, while the Ethena Foundation will retain majority voting power in StablecoinX following the merger. The deal includes a $360 million private investment in public equity, with $260 million in cash and $100 million in discounted, locked Ethena (ENA) tokens, the protocol's native coin. Backers include the Ethena Foundation alongside Ribbit Capital, Pantera, Dragonfly, Galaxy Digital, Haun V... -
Cointelegraph.com - 19:50 Jul 21, 2025
The Blue Origin mission is expected to move forward with six crew members after a 2021 bid from the Tron founder. Blue Origin, the privately-owned space technology company launched by Amazon founder Jeff Bezos, said Tron founder Justin Sun will be joining the crew of its next mission, which is expected to launch in a matter of weeks. In a Monday notice, Blue Origin said Sun would join five others as part of the company’s 34th mission using its suborbital rocket system New Shepard, named after the first American in space, Alan Shepard. According to the company, Sun placed a bid for the first seat on the mission in 2021, contributing $28 million. The 2021 notice suggested that Sun would personally pick the other five crew members, which the company said would be from “the TRON DAO community, comprising of long-term holders of TRX, BTT, JST, SUN, NFT, and WIN.” However, a spokesperson for the Tron founder told Cointelegraph he had not chosen the crew, which included a real estate investor, a businessman, a journ... -
Cointelegraph.com - 19:24 Jul 21, 2025
The FTX estate calls 49 countries “restricted foreign jurisdictions” including China, which accounts for 82% of repayment funds the bankrupt cryptocurrency exchange would hold back. The estate of bankrupt cryptocurrency exchange FTX is seeking a delay in a Delaware court as it works to respond to over 90 objections challenging its proposed halt to repayments in certain “foreign jurisdictions,” according to a court document reviewed by Cointelegraph. The “Motion for Leave” would give the FTX estate more time to present its case for halting repayments to creditors in so-called restricted jurisdictions. The document was filed on Sunday, with a hearing scheduled for Tuesday to address the original motion that triggered the legal dispute. “Given the high volume of Objections received up until and following the Objection Deadline, the FTX Recovery Trust required additional time to draft, finalize, obtain approval of and file the Reply,” the FTX estate wrote. Read more -
Cointelegraph.com - 17:39 Jul 21, 2025
Following its latest freeze of nearly $86K in stolen USDt, Tether’s enforcement capabilities are again in the spotlight — raising questions about centralized control in stablecoin ecosystems. Tether, issuer of the world’s largest stablecoin, said on Sunday it had frozen $85,877 in USDt (USDT) tied to stolen funds, acting in “collaboration with law enforcement.” The move has reignited debate over the role of centralized stablecoin issuers in enforcing crypto compliance. The freeze, while relatively minor compared to other such actions by Tether, adds to the company’s growing record of intervention. Tether says it has frozen over $2.5 billion in USDt linked to illicit activity and has blocked more than 2,090 wallets in cooperation with global authorities. Related: Embedding human rights into crypto isn’t optional, it’s foundational Read more -
Cointelegraph.com - 17:07 Jul 21, 2025
Backed by $2.5 billion in funding, Trump’s media company has started acquiring Bitcoin as part of its previously announced investment strategy. Trump Media and Technology Group, the company that owns US President Donald Trump’s Truth Social platform, said it held about $2 billion in “Bitcoin and Bitcoin-related securities” just a few days after significant cryptocurrency bills pushed by Trump advanced in Congress. In a Monday notice, Trump Media said it had acquired Bitcoin (BTC) as part of an investment strategy announced in May, in which it allocated $1.5 billion from stock sales and $1 billion from convertible senior secured bonds to purchase the cryptocurrency. The media company said it would continue to acquire “Bitcoin and Bitcoin-related assets” depending on market conditions. Read more -
Cointelegraph.com - 17:04 Jul 21, 2025
Bitcoin price action leaves a lot to be desired as an XRP market cap milestone compounds trader excitement over a new "altseason." Key points: Bitcoin is still failing to rechallenge recent all-time highs, leading to doubts over future BTC price strength. A deeper rebound could rescue the situation, says analysis, as altcoins steal the limelight. Read more -
Cointelegraph.com - 16:27 Jul 21, 2025
David Bailey played a key role in transforming US President Donald Trump from a crypto skeptic into a vocal supporter. Now, he’s reaping the rewards. 210k Capital, a hedge fund founded by entrepreneur David Bailey, has reportedly posted massive gains from its digital asset holdings after helping persuade US President Donald Trump to adopt a pro-crypto policy stance, highlighting the potential impact of favorable regulation on the digital asset sector. The fund delivered a net return of 640% in the 12 months through June, largely driven by investments in publicly traded companies that added Bitcoin (BTC) to their balance sheets, Bloomberg reported. As a private entity, 210k Capital is not required to disclose financials, but Bloomberg obtained the figures from an anonymous source, who also said the fund’s wealth stems from Bitcoin treasury investments in several countries, including the US, UK, Canada, Australia and Sweden. Read more -
Cointelegraph.com - 15:35 Jul 21, 2025
A pro-Israel hacker group stole $81 million worth of crypto from Iran’s largest crypto exchange, Nobitex, adding to the conflict between the two countries. Iran-based crypto exchange Nobitex suffered a hack on June 18. Pro-Israel hacker group Gonjeshke Darande claimed responsibility for the $81-million crypto theft. Blockchain security analyst ZachXBT alerted the community within the same day of the attack. According to the analyst, hackers exploited a hot wallet failure in the crypto exchange to access and drain wallets. Read more -
Cointelegraph.com - 15:05 Jul 21, 2025
SOL’s price is painting a textbook cup-and-handle pattern breakout with a price target of around $6,300. Key takeaways: SOL price has climbed to a five-month high, driven by strong technicals and rising network activity. Solana’s cup-and-handle pattern targets a SOL price of as high as $6,300. Read more -
Cointelegraph.com - 15:00 Jul 21, 2025
As US conservatives rapidly shape the crypto landscape through policy, funding and grassroots adoption, progressives remain divided and hesitant. Progressives lack a unified strategy and risk losing relevance. Opinion by: Michael Rovner When US President Donald Trump called for America to become “the crypto capital of the planet,” he acknowledged a growing sentiment among his supporters. Crypto is no longer simply an asset class or subculture to this group; it’s a parallel financial system being shaped by tech-savvy conservatives for political and economic ends. Political campaigns now use crypto as core fundraising infrastructure. Conservative lawmakers, strategists and donors use it to reshape decisions, particularly in places with fewer regulations. This has created an environment shaped by right-leaning values, with progressives essentially sitting it out. Read more -
Cointelegraph.com - 14:45 Jul 21, 2025
From GPUs to AI deals, Bitcoin miners are finding new lifelines beyond crypto. AI is becoming a major revenue stream for them. The 2024 Bitcoin halving reduced block rewards to 3.125 BTC, cutting miners’ income in half. This change, combined with higher electricity costs, expensive equipment maintenance and increased competition, made traditional mining less profitable. Many mining companies struggled to maintain their profit margins and began exploring other revenue sources. Although Bitcoin mining relies on devices called ASICs, mining companies have access to energy-dense data centers and power infrastructure. As demand for AI compute skyrockets, many miners are repurposing or upgrading their facilities with GPUs to support AI training and inference workloads. Read more -
Cointelegraph.com - 14:00 Jul 21, 2025
Aave’s community overwhelmingly approved a proposal to license a centralized version of its lending protocol for deployment on Kraken’s Ink blockchain. A proposal for the decentralized finance (DeFi) lending protocol Aave to launch a centralized version of its service on the crypto exchange Kraken’s Ink blockchain has received widespread approval among the community. An Aave request for comment (ARFC) for the deployment of a whitelabel version of Aave v3 for the Ink Foundation, the organization behind the Ink blockchain, was approved with 99.8% of the votes cast in favor. An ARFC acts as a preliminary offchain vote before proceeding with a full decentralized autonomous organization (DAO) vote. The next phase involves drafting an Aave improvement proposal (AIP) that will be voted onchain. Read more -
Cointelegraph.com - 13:59 Jul 21, 2025
BitGo confidentially submits S-1 filing to the Securities and Exchange Commission amid $100 billion in assets under custody and growing international expansion. Digital asset custodian BitGo has filed paperwork to pursue an initial public offering (IPO) in the United States, highlighting the crypto industry’s continued push toward mainstream financial markets. On Monday, BitGo announced it had confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission (SEC) for a proposed IPO of its Class A common stock. At the time of filing, no determination was made on the number of shares or price range of the stock offering. As of publication, the registration statement had not yet appeared on the SEC’s EDGAR database. Read more -
Cointelegraph.com - 13:38 Jul 21, 2025
CryptoPunks remained the top NFT collection by market capitalization, with a valuation of $1.8 billion, according to NFT Price Floor. Ethereum-based non-fungible tokens (NFT) collections took over the latest seven-day sales rankings, accounting for nine of the top 10 collections by total sales volumes. On Monday, CryptoSlam data showed nine of last week’s top 10 collections by sales volume were Ethereum-based NFTs, including popular collections CryptoPunks, Pudgy Penguins, Moonbirds and Azuki. The only non-Ethereum collection in the top 10 was the Polygon-based Courtyard NFTs. Read more -
Cointelegraph.com - 13:29 Jul 21, 2025
A veteran hacker warns how quantum computing could quietly dismantle the cryptography securing Bitcoin and blockchains. A hacker-turned-defender warns that most of the industry is asleep on crypto’s existential threat: quantum computing. David Carvalho, CEO of post-quantum infrastructure firm Naoris Protocol, began hacking at the age of 13, experimenting with spam emails to attract job offers and gain attention from employers. Eventually, that curiosity shifted into formal cybersecurity work, where he used the same skills to defend systems instead of probing them. Today, he builds quantum-resilient systems for decentralized networks and claims that the cryptographic foundations of blockchains like Bitcoin and Ethereum are dangerously outdated. Read more -
Cointelegraph.com - 12:56 Jul 21, 2025
The Indian crypto exchange announced a recovery program of up to 25% for ethical hackers who can help recover the stolen stablecoins. Indian cryptocurrency exchange CoinDXC announced a recovery effort after falling victim to a $44 million exploit on Friday, with the firm pledging a bounty for ethical hackers who help retrieve the stolen funds. CoinDXC’s internal accounts used for “liquidity provision” were exploited on Friday, leading to $44 million worth of cryptocurrency being stolen, while user funds remained unaffected. In an effort to recover the stolen funds, CoinDCX CEO Sumit Gupta announced a new recovery bounty program that offers white hat hackers up to 25% of any recovered funds they can help trace and retrieve. Read more -
Cointelegraph.com - 12:39 Jul 21, 2025
Hashed Emergent’s Vishal Achanta told Cointelegraph that COINS Act aims to turn India from a “regulatory minefield” into a destination of choice for the crypto community. Web3 venture firm Hashed Emergent and policy advisory group Black Dot have released a model crypto law aimed at clarifying India’s regulatory framework for digital assets. Announced Monday, the Crypto-systems Oversight, Innovation and Strategy (COINS) Act offers a legislative blueprint to support a clearer, industry-led policy environment for crypto in India. The model law is non-binding and does not carry any legal effect unless formally introduced and passed by the Indian parliament. Still, the framework offers policymakers a blueprint for crypto-related digital rights, including self-custody, protocol access and financial privacy. It also addresses key legal pain points in the country such as punitive taxation, regulatory uncertainty and the absence of a dedicated crypto regulator. The model law recommends the creation of a new regulato... -
Cointelegraph.com - 12:10 Jul 21, 2025
Michael Saylor’s Strategy made a fresh $739.8 million investment in Bitcoin last week, with total holdings now reaching 607,770 BTC. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued stacking Bitcoin last week as the cryptocurrency surged past $122,000 for the first time on July 14. Strategy acquired 6,220 Bitcoin (BTC) for $739.8 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday. Strategy’s new Bitcoin purchases were made at an average price $118,940 per coin, with BTC starting the week at historic levels above $122,000 before dropping to an intraweek low of $116,000 and consolidating at around $118,000, according to CoinGecko. Read more -
Cointelegraph.com - 12:04 Jul 21, 2025
Chinese blockchain Conflux launched Conflux 3.0 network and unveiled a new offshore yuan-backed stablecoin targeting “Belt and Road” cross-border payments. Chinese blockchain Conflux announced a third version of its public network and introduced a new stablecoin backed by offshore Chinese yuan. According to a report from the Shanghai municipal government on Sunday, Conflux announced the developments during a three-day conference over the weekend. At the event, Conflux unveiled a partnership with fintech firm AnchorX and information technology security firm Eastcompeace to support the launch of an offshore yuan-backed stablecoin. The news follows AnchorX receiving in-principle approval for its yuan-pegged stablecoin AxCNH by Kazakhstan’s regulator, the Astana Financial Services Authority, in late February. It is unclear whether Conflux’s stablecoin is AxCNH or a separate project, and the involved companies had not responded to Cointelegraph’s inquiries by publication. Read more
5789 items