Cointelegraph.com
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Cointelegraph.com - 16:06 Jul 05, 2026
Bitcoin reached its highest levels in nearly a fortnight over the weekend, but BTC price action faced an "absolutely terrible" Monday track record. Bitcoin (BTC) consolidated near two-week highs into Sunday’s weekly close as traders geared up for fresh market turbulence. Key points: Read more -
Cointelegraph.com - 11:52 Jul 05, 2026
South Africa’s tax authority proposed draft guidance clarifying how crypto assets are taxed under existing income and capital gains tax rules, seeking public input until Aug. 31. South Africa’s tax authority has proposed new guidance that clarifies how crypto assets are taxed under existing income and capital gains tax frameworks. The South African Revenue Service (SARS) on Wednesday published draft guidelines on crypto asset taxation, applying South Africa’s existing tax framework, primarily the Income Tax Act, 1962, alongside capital gains tax rules. The draft provides that most crypto activities, including trading, swapping and spending, are generally treated as disposals that may trigger tax events. It still emphasizes that the rules depend heavily on each taxpayer’s specific circumstances. Read more -
Cointelegraph.com - 08:33 Jul 05, 2026
Binance recorded $1.23 billion in weekly net outflows, up 207% from the previous week, as Ethereum withdrawals surged to a three-year high. Binance, the world’s largest crypto exchange by trading volume, recorded a sharp surge in weekly outflows as Ethereum withdrawal activity climbed to a multi-year high. According to DefiLlama data viewed by Cointelegraph on Sunday, Binance saw $1.23 billion in net outflows during the week beginning June 29, a 207% increase from roughly $400 million the week prior, while monthly net outflows totaled about $3.2 billion. Separately, CryptoQuant community analyst Darkfost reported Friday that Binance’s Ethereum withdrawal transactions hit their highest level in more than three years, with over 166,000 withdrawal transactions in a single day. Read more -
Cointelegraph.com - 03:50 Jul 05, 2026
Part of the Ethereum Foundation’s plan to make Ethereum more private and scalable is to introduce a new virtual machine, with leanISA and RISC-V among the top candidates. Ethereum co-founder Vitalik Buterin has named quantum resistance, scalability and privacy as three of Ethereum's top priorities under a new "Lean Ethereum" strawmap, which lays out the network's technical direction for the remainder of the decade. In a post to X on Saturday, Buterin said the collection of upgrades will roll out over the next three to four years, touching nearly every layer of Ethereum in a transformation he compared in scale to the September 2022 Merge, which shifted the network away from energy-intensive mining. “Quantum safety has shifted up a LOT in priority,” he said, adding that finalizing a quantum-safe solution for blobs has “become urgent.” Enhancing privacy is another priority, Buterin said, stating that it has become a “first class goal.” Read more -
Cointelegraph.com - 00:50 Jul 05, 2026
Moonbeam didn’t provide a timeline for when it would launch the AI agent platform but told GLMR holders to bridge their tokens from the Polkadot parachain to Base before July 31. Polkadot-based interoperability protocol Moonbeam said it is pivoting to Ethereum layer 2 Base to launch an AI agent communication and settlement network, aimed at capturing a share of the emerging market. “This is a pivot to the most exciting frontier in crypto: autonomous AI agents that find each other, negotiate work, and pay each other entirely on-chain, without a middleman,” Moonbeam said in a statement announcing the Moonbeam Protocol on Friday. “We believe AI-native on-chain coordination represents a significant long-term opportunity. This transition allows us to focus resources around that direction,” Moonbeam added. Read more -
Cointelegraph.com - 19:37 Jul 04, 2026
Eligible users can now use select tokenized stocks and ETFs as collateral for futures and margin trading without selling their holdings. Crypto exchange Kraken has begun accepting select tokenized stocks and exchange-traded funds (ETFs) as collateral for futures and margin trading, allowing eligible users to open leveraged positions without selling their holdings. The feature initially supports 10 tokenized stocks and ETFs, including Apple, Nvidia, Tesla, Strategy, the SPDR S&P 500 ETF and Invesco QQQ Trust. Eligible users can post those holdings as collateral without selling them first. Each eligible asset is assigned a collateral haircut that reduces its lending value based on risk. Broad-market ETFs receive the lowest haircut at 10%, while more volatile stocks such as Strategy and Robinhood are discounted by 30%. Read more -
Cointelegraph.com - 16:47 Jul 04, 2026
DefiLlama data shows Kalshi posted a record month for trading volume as the expanded FIFA World Cup boosted prediction market activity. Kalshi posted a record month for trading volume in June as the 2026 FIFA World Cup fueled activity across prediction markets. DefiLlama data shows Kalshi recorded nearly $9.4 billion in trading volume in June, up from about $5.3 billion in May. Polymarket International also climbed to roughly $4.3 billion from about $3.5 billion a month earlier. The tournament kicked off on June 11 and is the first FIFA World Cup to feature 48 teams, up from 32 in previous editions. CNBC reported the competition became the biggest driver of prediction market trading in June, with Dune Analytics showing record notional trading volumes on Kalshi and Polymarket. Read more -
Cointelegraph.com - 13:09 Jul 04, 2026
Bitcoin price strength could "break" the entire downtrend if the reversal pattern completed, John Bollinger suggested in light of the BTC rebound. Bitcoin (BTC) is completing a “perfectly fractal” reversal pattern that a well-known analyst hopes could end the bear market. Key points: Read more -
Cointelegraph.com - 11:25 Jul 04, 2026
Revolut notified some customers it will delist USDT after Aug. 31, with remaining holdings automatically converted into users’ base currency. Revolut, a crypto-friendly digital banking platform headquartered in the United Kingdom, notified some users it will delist Tether USDt (USDT) stablecoin in August, citing regulatory and risk concerns. In a Friday customer notice seen by Cointelegraph, Revolut said users will no longer be able to buy USDT starting July 6, with full delisting scheduled for Aug. 31, 2026. If users do not sell or withdraw their USDT by the end of August, Revolut will automatically convert any remaining USDT holdings into users’ base currency at the day’s exchange rate, the company said. Read more -
Cointelegraph.com - 08:31 Jul 04, 2026
Tim Draper denies moving Bitcoin after blockchain analysts linked him to a wallet that transferred 1,000 BTC to Coinbase Prime. Billionaire investor and longtime Bitcoin bull Tim Draper has denied moving his Bitcoin after blockchain analysts linked him to a large BTC transfer to Coinbase Prime. “Haven’t touched my BTC,” Draper told Cointelegraph on Friday, adding that he still expects Bitcoin to reach $250,000 within one year. The statement came after blockchain analytics platform Lookonchain reported Friday that a wallet “possibly linked” to Draper had transferred 1,000 Bitcoin worth about $62 million to Coinbase Prime, citing data from Arkham. Read more -
Cointelegraph.com - 05:05 Jul 04, 2026
Bitwise chief investment officer Matt Hougan said the bottom is “closer than ever,” while a Swan Bitcoin analyst suggested investors buy now at a discount rather than overpaying later. Bitcoin’s realized profit and loss ratio has fallen to a 43-month low of -0.35, a figure that signals extreme market-wide loss conditions but has historically coincided with market bottoms, blockchain analytics platform CryptoQuant said. The Bitcoin realized P&L ratio — which measures the net percentage of Bitcoin (BTC) in profit or loss relative to total supply — hasn’t fallen this low since December 2022, shortly after FTX shockingly collapsed and sent Bitcoin below $16,000. “Historically the indicator has marked BTC bottoms with extreme precision,” CryptoQuant said on Thursday. In 2015 and 2019, the Bitcoin realized P&L ratio also fell below -0.35 before price rallies followed. Read more -
Cointelegraph.com - 04:59 Jul 04, 2026
The Major County Sheriffs of America said it still wants the CLARITY Act amended to give local law enforcement more resources to investigate illicit finance cases. The Major County Sheriffs of America reportedly said it no longer opposes the CLARITY Act after initially raising concerns over how the bill would affect illicit finance investigations. In a letter to US Senate Banking Committee chair Tim Scott and Senator Elizabeth Warren on Friday, the MCSA said it shifted its stance on the CLARITY Act to “neutral” after some of its concerns in a May 14 letter regarding Section 604 in the bill were addressed. Section 604 relates to the Blockchain Regulatory Certainty Act, which seeks to protect developers from liability for illicit activity committed by users on their decentralized platforms. Read more -
Cointelegraph.com - 03:54 Jul 04, 2026
Bitcoin and Ether bounced off multi-year lows as dip buyers finally stepped in, and the spot BTC ETFs saw a $221 million inflow on July 2. Bitcoin (BTC) rallied, $50 short of $63,000, on July 3, and Ether (ETH) outperformed the wider market, pushing to $1,775. The end-of-week rally comes a few days after BTC fell to a 21-month low and ETH sank to fresh year-to-date lows. Highlighting the negative sentiment, the Crypto Fear & Greed index registered “Extreme Fear” at 11 out of 100. Crypto Fear & Greed Index. Source: Alternative.me Read more -
Cointelegraph.com - 21:36 Jul 03, 2026
Rising interest in Solana-network memecoins and prediction markets was followed by a rally in SOL price. Will the momentum continue? Key takeaways: Solana’s SOL token jumped to its highest mark in over 30 days on Friday at $83, marking a decoupling from the altcoin market. SOL’s rally gained steam from a surge in tokenized trading volume on Solana, inflows of stablecoin liquidity, and an unexpected comeback in memecoin activity. Can SOL reclaim the $90 level? Read more -
Cointelegraph.com - 19:26 Jul 03, 2026
The restriction proposed by Senator Kirsten Gillibrand would bar members of Congress, the US president and their spouses from “issuing or sponsoring their own digital assets.” Senator Kirsten Gillibrand, one of the US lawmakers behind negotiations for a digital asset market structure bill in Congress, has proposed barring elected officials and the president from issuing or sponsoring their own tokens, citing President Donald Trump’s and First Lady Melania Trump’s memecoins. In a Friday notice, Gillibrand said that Congress should support measures barring elected officials and their spouses from “issuing or sponsoring their own digital assets.” The New York lawmaker said that the proposed restriction would include any US president and their spouse, but did not specifically mention extending the provision to the office of the vice president or other members of their families. “This is a commonsense requirement that should get broad bipartisan support – public officials and their spouses should not be issuing m... -
Cointelegraph.com - 16:57 Jul 03, 2026
The US President disclosed earning more than $1 billion from crypto ventures amid discussions of a digital asset market structure bill in Congress and legislation to ban CBDCs awaiting his desk. US President Donald Trump has responded to criticism of his 2025 financial disclosures, showing that he earned $1.4 billion in income from crypto-related ventures while in office. In a Thursday interview with CNBC’s Joe Kernen, Trump said that there was “nothing illegal” and “nothing wrong” with profiting from his crypto investments as president. He claimed that other people were responsible for his investments and he didn’t “even know who they are,” not directly answering questions about perceived conflicts of interest as president. Donald Trump (left) and Joe Kernen (right). Source: CNBC Read more -
Cointelegraph.com - 16:54 Jul 03, 2026
The European regulator said companies cannot circumvent EU financial rules by marketing binary-style products as event contracts rather than derivatives. The European Securities and Markets Authority (ESMA) has warned that many prediction market contracts may already fall under existing restrictions on binary options, saying companies cannot avoid financial regulations simply by marketing them as "event contracts." In a public statement on Friday, the regulator reminded companies that event contracts meeting the definition of financial instruments are already prohibited from being marketed, distributed or sold to retail investors under national measures implementing ESMA's 2018 binary options restrictions. ESMA said the assessment depends on a contract's characteristics rather than how it is marketed, adding that event contracts with binary outcomes and fixed payouts are likely to qualify as financial instruments subject to the restrictions. Read more -
Cointelegraph.com - 16:03 Jul 03, 2026
Strategy authorizes Bitcoin sales, Open USD takes on USDT and USDC, Fidelity defends Bitcoin security and crypto ramps up political spending for 2026. For years, Michael Saylor’s Strategy built its brand around a simple mantra: Buy Bitcoin. Never sell. This week, that narrative changed. The company authorized up to $1.25 billion in Bitcoin sales under a new capital framework. At current prices, that equates to roughly 21,000 BTC that could eventually hit the market — a reminder that even Bitcoin’s most committed corporate holder isn’t immune to the realities of capital management. This week’s Crypto Biz explores how the digital asset industry is entering a more pragmatic phase, where ideological purity is giving way to financial discipline. It also examines the intensifying stablecoin race as issuers compete for reserve yield, Fidelity's latest defense of Bitcoin's long-term security model and the crypto industry’s growing political influence ahead of the 2026 US midterm elections. Read more -
Cointelegraph.com - 15:11 Jul 03, 2026
Bitcoin set new highs for July after the Dow Jones and global stocks market cap set new all-time highs before the US Independence Day holiday. Bitcoin (BTC) saw new July highs on Friday as bulls kept pushing over the US holiday period. Key points: Read more -
Cointelegraph.com - 13:59 Jul 03, 2026
Lawyers and industry executives expect EU regulators to enforce MiCA differently as unauthorized crypto companies are required to wind down operations. The European Union’s cryptocurrency industry has entered a new enforcement phase as the transition period under the Markets in Crypto-Assets (MiCA) regulation came to an end. The end of the transition means crypto companies without MiCA authorization can no longer legally serve EU clients and are expected to wind down operations or face multimillion-euro fines and other enforcement action. Industry executives and lawyers told Cointelegraph the next challenge is ensuring national regulators apply the bloc’s single rulebook consistently, even as supervisory approaches are expected to vary across member states. Read more
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