Cointelegraph.com
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Cointelegraph.com - 12:25 Jul 14, 2025
Now the largest known corporate Ether treasury, SharpLink Gaming acquired nearly $49 million worth of ETH. NASDAQ-listed sportsbook marketing firm SharpLink Gaming bought almost $49 million worth of Ether (ETH) on Sunday, as ETH prices soared past $3,000. The company, whose board is chaired by Ethereum co-founder Joseph Lubin, has been all-in on ETH since late May. This transaction brings SharpLink Gaming’s total treasury value to 198,300 ETH, worth nearly $608 million at time of writing. According to onchain analytics service Arkham Intelligence and blockchain explorer Etherscan, a wallet belonging to SharpLink Gaming received 16,370 ETH worth $48.7 million on Sunday, from a wallet likely controlled by Ethereum development organization Consensys. Read more -
Cointelegraph.com - 12:16 Jul 14, 2025
Biotech firm Sonnet is merging with Rorschach to form Hyperliquid Strategies, which aims to become HYPE token’s largest United States-listed holder. Nasdaq-listed biotech company Sonnet BioTherapeutics announced a strategic pivot into crypto, unveiling an $888 million entity to launch a Hyperliquid (HYPE) digital asset treasury. On Monday, Sonnet said it formed a business combination with the newly created Rorschach to launch a treasury strategy focused on the HYPE token, the native crypto token of the fast-growing Hyperliquid ecosystem. The deal includes transforming Sonnet into Hyperliquid Strategies Inc. (HSI), which is expected to be the largest United States-listed public company holding the HYPE token on its balance sheet. The company aimed to hold 12.6 million HYPE tokens, worth about $583 million when the agreement was made. Read more -
Cointelegraph.com - 12:09 Jul 14, 2025
Michael Saylor’s Strategy made a fresh $472.5 million investment in Bitcoin to see total holdings cross 600,000 BTC as the cryptocurrency surged past new highs. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, made another major investment in the asset during the past week as BTC surged to new historic highs of $118,000. Strategy acquired 4,225 Bitcoin (BTC) for $472.5 million last week, the company announced in a US Securities and Exchange Commission filing on Monday. Strategy’s new Bitcoin buy averaged $111,827 per coin, with BTC surging from about $108,000 on July 7 to $118,000 by the end of the week, according to CoinGecko. Read more -
Cointelegraph.com - 22:20 Jul 13, 2025
Bank of England governor Andrew Bailey joins a growing list of European officials concerned with the rise of stablecoins. Bank of England (BOE) governor Andrew Bailey recently warned against banks issuing stablecoins, saying that the Bank of England should focus on tokenizing deposits instead. Stablecoins introduce systemic risks to banking institutions that could destabilize the entire financial system, causing sovereign governments to lose control over their currencies, the BOE official told The Sunday Times in an interview. He also added that the United Kingdom’s central bank should not adopt a central bank digital currency (CBDC) or otherwise seek to launch a centrally-managed digital fiat token. Read more -
Cointelegraph.com - 21:21 Jul 13, 2025
Tokens are a new financial wrapper, akin to the exchange-traded funds (ETFs) that debuted on US exchanges in 1993, Christopher Perkins said. Real-world asset (RWA) tokens can democratize access to investments previously inaccessible to retail traders, similar to how exchange-traded funds (ETFs) expanded retail access to financial instruments when they debuted in 1993, according to Christopher Perkins, president and managing partner of investment firm CoinFund. “I believe tokens are the new ETFs,” Perkins told Cointelegraph in an interview. The executive said tokenized RWAs, which trade 24/7 on globally accessible markets, reduce the information asymmetry that has typically kept retail investors out of private placements under existing accreditation laws. He added: Essentially, that leaves ordinary people, normal people, very little access to what are the most exciting, the most innovative companies,” he continued. Read more -
Cointelegraph.com - 17:00 Jul 13, 2025
Strategy continues to lead the pack among Bitcoin treasury companies, issuing debt and equity instruments to finance more purchases. Strategy co-founder Michael Saylor signaled that Strategy would resume Bitcoin (BTC) buying on Monday after the company took a week-long hiatus from accumulating the digital asset. “Some weeks, you don’t just HODL,” the executive wrote on Sunday. The company skipped buying BTC last week but announced a $4.2 billion capital raise. Before the break, Strategy racked up 12 consecutive weeks of BTC accumulation. Strategy’s most recent BTC buy occurred on June 30, when the company bought 4,980 BTC for $532 million, bringing its total holdings to 597,325 BTC, valued at over $70.9 billion. Read more -
Cointelegraph.com - 15:32 Jul 13, 2025
BTC price action is copying late 2024 — and that could result in fresh 50% gains, one trader says as late Bitcoin shorts feel the pain again. Key points: Bitcoin tags fresh record highs into the weekly close as liquidations punish shorts. BTC price areas of interest include a support test of $115,000. Read more -
Cointelegraph.com - 15:00 Jul 13, 2025
Most RWAs remain isolated and underutilized instead of composable, DeFi-ready building blocks. It's time to change that. Opinion by: Jakob Kronbichler, co-founder and CEO of Clearpool and Ozean Real-world assets (RWAs) onchain aren’t just a concept anymore — they’re gaining real traction. Stablecoins are proof of that. They’ve become a dominant source of onchain volume, with annual transfers surpassing Visa and Mastercard by 7.7% last year. Tokenized US Treasurys are gaining interest from institutions hunting for yield. Read more -
Cointelegraph.com - 11:42 Jul 13, 2025
Binance founder CZ shared a tweet alleging Coinbase as the anonymous source behind Bloomberg’s report targeting Trump’s crypto project and Binance. Update (July 13, 23:18 UTC) This article has been updated to include a response to the claims posted by Coinbase CLO Paul Grewal Binance co-founder and former CEO Changpeng “CZ” Zhao has reposted a tweet alleging that Coinbase was the “anonymous” source behind Bloomberg’s report targeting Trump’s crypto project, World Liberty Financial, and Binance. In a Sunday post on X, crypto commentator Matt Wallace claimed Coinbase executives feared a potential pardon for Zhao and Binance’s return to the US market would threaten their market share, prompting efforts to undermine competitors. Read more -
Cointelegraph.com - 10:27 Jul 13, 2025
Thousands of savers face potential losses after a $2.7 million shortfall was discovered at Ziglu, a British crypto fintech that entered special administration. Thousands of savers face the grim prospect of losing their investments after administrators uncovered a 2 million pounds ($2.7 million) shortfall at Ziglu, a British cryptocurrency fintech that collapsed earlier this year. The company, which suspended withdrawals in May, was placed into special administration last week amid mounting concerns over its financial management, according to a Sunday report from The Telegraph. Ziglu attracted around 20,000 customers with promises of high-interest returns, particularly through its “Boost” product, which offered yields up to 6%. Launched in 2021 during a period of low interest rates, Boost became popular due to its higher returns. Read more -
Cointelegraph.com - 08:02 Jul 13, 2025
The Czech National Bank boosted its investment in Palantir and entered the crypto space by acquiring Coinbase shares in Q2. The Czech National Bank adjusted its US investment portfolio in the second quarter by increasing its stake in Palantir Technologies and initiating a new position in cryptocurrency exchange Coinbase Global. These moves were disclosed in a Form 13F filing, which is a quarterly report filed by investment managers to the Securities and Exchange Commission that discloses their US equity holdings. The filing shows the bank has added 51,732 Coinbase shares, worth over $18 million. The Czech National Bank also added 49,135 Palantir shares in the second quarter of the year, bringing its total to 519,950 by the end of June. Read more -
Cointelegraph.com - 06:30 Jul 13, 2025
The corporate Bitcoin adoption race is “mostly being spearheaded by brand new companies or dying companies you’ve never heard of,” says Blockware. Blockware Intelligence predicts that by the end of 2025, at least 36 more public companies will have added Bitcoin to their balance sheets. “This is just the beginning. In the next 6 months, we expect at least three dozen more public companies to add Bitcoin to their treasury,” Blockware said in its Q3 2025 market update report. This would represent around a 25% increase from the current total of 141 public companies holding Bitcoin (BTC), according to the firm’s data. The intelligence unit, which is the research arm of Bitcoin mining company Blockware Solutions, reported that in 2025 alone, the number of publicly traded companies holding Bitcoin on their balance sheets surged 120%. “Bitcoin Treasury Companies are the aforementioned ‘bridge’ connecting equity and debt markets to Bitcoin,” the firm added. Read more -
Cointelegraph.com - 03:42 Jul 13, 2025
Bitcoin’s surge to all-time highs has barely moved the needle in Google search interest compared to the spike seen after Donald Trump won the US presidential election in November. Bitcoin has reached consecutive record highs this week, yet retail investors seem reluctant to jump back into the market, according to a crypto researcher. However, demand for spot Bitcoin (BTC) exchange-traded funds (ETFs) is surging, with Thursday and Friday recording daily inflows of over $1 billion, the first time this has happened on two consecutive days. Bitwise head of research André Dragosch said in an X post on Friday, “Bitcoin is at new all-time highs but retail is almost nowhere to be found,” pointing to the lack of Google search interest in “Bitcoin” despite the asset setting consecutive all-time highs this week. Read more -
Cointelegraph.com - 00:06 Jul 13, 2025
Bitcoin critic Peter Schiff calls Bitcoin a selling opportunity as it hits new highs, high-leverage trader James Wynn deactivates his X account, and other news. Attorneys for digital asset manager Grayscale pushed back against the US Securities and Exchange Commission’s (SEC) delay on approving its Digital Large Cap exchange-traded fund (ETF) in a letter sent on Tuesday. The SEC’s Division of Trading and Markets initially approved the ETF proposal, but the SEC’s Office of the Secretary decided to review the action immediately afterward, halting the decision, Grayscale’s attorneys said. This violates the “statutory approval or disapproval deadline” set by the SEC and conflicts with established procedure, according to the attorneys. Read more -
Cointelegraph.com - 21:52 Jul 12, 2025
High-risk trader James Wynn lost hundreds of millions of dollars in a matter of weeks by speculating on short-term price movements. Update (July 12, 2025 23:17 UTC This article has been updated to add more information on the last known state of James Wynn’s X profile. James Wynn, a crypto trader known for his high-leverage crypto bets, appears to have deactivated his X social media account, following nine-digit losses. Wynn’s X handle “JamesWynnReal” now routes to a page that says “This account doesn’t exist. Try searching for another.” Read more -
Cointelegraph.com - 19:59 Jul 12, 2025
Seamus Rocca warned that the next Bitcoin market downturn could be sparked organically and not through a single catastrophic event. The four-year Bitcoin (BTC) market cycle of forming new all-time highs followed by deep corrections is not dead, contrary to popular belief, according to Xapo Bank CEO Seamus Rocca. In an interview with Cointelegraph, the CEO said that the risk of a prolonged bear market is still very real and does not need a “cataclysmic” event to trigger it. Things as simple as a general slowdown in news, developments, or routine portfolio rebalancing could cause the next market-wide downturn. He added: “The contagion effect could be as simple as there's no new news in the market,” causing the crypto sector to “run out of steam,” in an organic, drawn-out process, the CEO added. Read more -
Cointelegraph.com - 18:35 Jul 12, 2025
Animoca Brands joins a growing list of companies adopting a Bitcoin treasury strategy or expanding their existing Bitcoin reserves. Web3 company Animoca Brands signed a non-binding memorandum of understanding (MOU) with DayDayCook (DDC) Enterprise, a meal-prep and packaged food company that recently adopted a Bitcoin (BTC) treasury strategy, to manage Animoca’s BTC holdings and generate a yield on those reserves. Animoca will allocate up to $100 million in BTC as part of the deal, according to a joint announcement from Thursday. Animoca Brands co-founder and executive chairman Yat Siu told Cointelegraph that DDC Enterprise was chosen in part because of CEO Norma Chu and her ability to cultivate a “substantial non-crypto following,” introducing the asset sector to the general public, which may not have had an interest in crypto otherwise. Siu also said: Read more -
Cointelegraph.com - 17:22 Jul 12, 2025
Venture capitalists and the Solana community touted the ICO as a showcase for capital formation in the age of internet capital markets. Memecoin launch platform Pump.fun raised $500 million in an initial coin offering (ICO) on Saturday, which sold out in about 12 minutes. The PUMP token has a maximum supply of 1 trillion, and 33% of the supply was allocated to the ICO. 24% of the supply was allocated to the ecosystem and future community projects, while 13% was reserved for existing investors, according to the memecoin platform. Of the 33% ICO allotment, 18% went to institutional investors, and 15% was offered to retail traders. Pump.fun’s ICO may signal the return of the memecoin sector, which experienced a sharp downturn after being one of the highest-performing asset classes in 2024. The public token sale also portends the resurgence of initial coin offerings, which fizzled out due to regulatory pressure in the United States under the reign of former Securities and Exchange Commission (SEC) chairman Gary G... -
Cointelegraph.com - 15:00 Jul 12, 2025
The next wave of Web3 neobanks won’t be standalone apps; they'll be embedded within platforms people already use. Opinion by: Vlad Kamyshov, CEO of Evaa Protocol The race to build the next big Web3 neobank is missing the point. Most projects are still focused on launching standalone apps, creating new interfaces and rebuilding user acquisition strategies from the ground up. It’s a familiar playbook, and increasingly an outdated one. In crypto, the next generation of finance won’t ask users to switch apps; it’ll meet them where they already are. Telegram and The Open Network (TON) aren’t trying to become neobanks themselves. They’ve already moved beyond that contest — one where Revolut and Monzo still fight for share. Together, they offer what nearly every crypto banking product lacks: a built-in audience, an intuitive interface, distribution embedded inside existing user flows and the rails to deliver instant financial utility. Read more -
Cointelegraph.com - 14:35 Jul 12, 2025
Veer Chetal, a 19-year-old hacker, used social engineering to steal $243 million in Bitcoin, then exposed his identity during a livestream and reoffended while out on bail. Social engineering attacks are a potent weapon that scammers use to compromise crypto wallets and steal funds from victims. Court documents reveal that this was the tactic used to target the Gemini creditor in this case. In August 2024, about 4,100 BTC worth $243 million vanished overnight from a single victim’s account. Three gamers, turned self-taught hackers, siphoned off the Bitcoin (BTC) after successfully gaining access using social engineering tactics. But this was just the start of a bizarre case, especially for the youngest thief, 19-year-old Veer Chetal. Read more
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