Cointelegraph.com
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Cointelegraph.com - 13:56 Jul 03, 2025
JD.com and Ant Group are reportedly lobbying Chinese regulators to launch yuan-based stablecoins to boost the currency’s global role and counter US dollar-pegged tokens. China’s e-commerce heavyweight JD.com and Ant Group, the fintech arm of Alibaba, are lobbying the People’s Bank of China (PBOC) to greenlight Chinese yuan-based stablecoins to counter the global rise of US dollar-pegged tokens. The two firms urged regulators to allow stablecoins backed by offshore yuan (Chinese yuan that circulates outside mainland China) to launch in Hong Kong, arguing it would strengthen the yuan’s role in global trade while limiting the dollar’s influence, Reuters reported Thursday, citing sources familiar with the matter. Per the report, during recent private meetings with the PBOC, JD.com executives argued that yuan stablecoins are urgently needed to promote the currency’s international use. Read more -
Cointelegraph.com - 13:46 Jul 03, 2025
Bitcoin reverses its push beyond $110,000 as markets discount the odds of the Federal Reserve lowering interest rates before September. Key points: Bitcoin quickly reversed gains as US nonfarm payrolls data beat expectations and unemployment fell more than thought. Analysis says that the Federal Reserve is now unlikely to lower interest rates at its July meeting. Read more -
Cointelegraph.com - 13:24 Jul 03, 2025
The IMF has reportedly blocked Pakistan’s plan to use cheap electricity for crypto mining, warning it could destabilize the energy market. Pakistan’s plan to use surplus electricity for crypto mining has hit a roadblock after the International Monetary Fund (IMF) reportedly rejected a proposal to offer subsidized power to energy-intensive industries, including Bitcoin miners. Pakistan’s Secretary of Power Fakhre Alam Irfan told the Senate committee on energy that the IMF claimed such measures could distort the energy market and worsen existing issues in the country’s fragile power sector, according to a report from Urdu-language news outlet Independent Urdu. Although Pakistan has excess electricity, particularly during winter, the IMF remains concerned that pricing schemes could disrupt the market balance, per the report. Irfan said all significant energy policies must be approved by the IMF. Read more -
Cointelegraph.com - 13:18 Jul 03, 2025
Bitpanda’s public affairs lead, Benedikt Faupel, told Cointelegraph that while MiCA brings long-awaited regulatory clarity, harmonization is still lacking. Benedikt Faupel, head of public affairs at Austrian crypto exchange Bitpanda, said Europe’s flagship crypto regulation still allows uneven implementation across the bloc. Faupel told Cointelegraph on the sidelines of the German Blockchain Week that, as far as he knows, Bitpanda is the only player with three Markets in Crypto-Assets Regulation (MiCA) licenses. The exchange was founded in Austria in 2014 and has since established additional offices in Berlin, Bucharest, London and elsewhere. Faupel said that MiCA provides the European Union with long-awaited regulatory clarity and harmonization. Before MiCA, he said, the European crypto landscape was fragmented into multiple separate licensing regimes, with Bitpanda previously holding 17 licenses. “With MiCA, you just make it way easier,” he said. Read more -
Cointelegraph.com - 13:18 Jul 03, 2025
A large cluster of potential short liquidations near $111,320 could trigger a squeeze to accelerate Bitcoin’s next leg higher into price discovery. Key takeaways: Bitcoin's funding rate briefly turned negative in late June, historically a signal for upcoming rallies. A large concentration of short liquidations near $111,320 could fuel a short squeeze. Read more -
Cointelegraph.com - 12:31 Jul 03, 2025
The absence of new buyers and FOMO-driven greed are key factors that could keep Bitcoin price pinned below $112,000 longer than many think. Key takeaways: Bitcoin price taps $110,000, but low spot buying demand suggests the upside could be limited. High retail FOMO and a near-overbought RSI signal a potential BTC price correction. Read more -
Cointelegraph.com - 12:30 Jul 03, 2025
Gaming industry veteran John Smedley is making his first foray into Web3 gaming with a new AAA shooter featuring Tezos layer-2 blockchain Etherlink. John Smedley, a gaming industry veteran and former CEO of Daybreak Game Company (formerly Sony Online Entertainment), is making his first foray into Web3 gaming with a new AAA shooter featuring Tezos layer-2 (L2) blockchain Etherlink. The Smedley-led Distinct Possibility Studios (DPS) has raised $30.5 million in a funding round led by the gaming-focused venture capital firm Bitkraft and the European hedge fund management company Brevan Howard, according to a statement shared with Cointelegraph on Thursday. The funds will be used to develop its new open-world massively multiplayer online first-person shooter (MMOFPS), Reaper Actual, which it says will integrate Etherlink to enable tradeable Web3 components like characters, bases, skins and more. Read more -
Cointelegraph.com - 11:49 Jul 03, 2025
Crypto traders use ChatGPT and X to catch early signals, combining AI-driven analysis with real-time sentiment. But each comes with its risks. ChatGPT is ideal for comparing protocols, understanding trends and filtering out noise for research-based decisions. X provides real-time sentiment and early signals, making it useful for catching trending narratives before they hit mainstream news. Each tool has risks: ChatGPT can be outdated without live data, while X carries high noise and misinformation risk. Read more -
Cointelegraph.com - 11:00 Jul 03, 2025
Peter Märkl, general counsel at Bitcoin Suisse, suggested that EU and Swiss stablecoin regulations could benefit from greater flexibility. Peter Märkl, general counsel at Swiss crypto financial services firm Bitcoin Suisse, said the European Union and Switzerland lack clarity in their respective stablecoin regulatory frameworks. Märkl told Cointelegraph on the sidelines of the German Blockchain Week that “there’s a lot to be done” when it comes to the classification and the rules applying to stablecoins under the EU’s Markets in Crypto-Assets Regulation (MiCA) framework. He said MiCA provides “a comprehensive, harmonized regulatory framework” for stablecoin issuance, offering and custody. However, “due to the rapidly evolving nature of crypto-assets and their use cases, classification remains dynamic and can, in certain cases, shift over time,” Märkl added. Read more -
Cointelegraph.com - 10:40 Jul 03, 2025
Over 40 fake Firefox extensions impersonating popular crypto wallets have been used in an ongoing campaign to steal users’ wallet credentials. More than 40 fake extensions for the popular web browser Mozilla Firefox have been linked to an ongoing malware campaign to steal cryptocurrencies, according to a report published Wednesday by cybersecurity firm Koi Security. The large-scale phishing operation reportedly deploys extensions impersonating wallet tools such as Coinbase, MetaMask, Trust Wallet, Phantom, Exodus, OKX, MyMonero, Bitget and others. Once installed, the malicious extensions are designed to steal users’ wallet credentials. “So far, we were able to link over 40 different extensions to this campaign, which is still ongoing and very much alive,” the company said. Read more -
Cointelegraph.com - 00:04 Jul 03, 2025
Ripple has followed Circle in looking to be its own bank after Congress moved ahead with a bill to regulate stablecoin issuers under the national bank regulator. Crypto firm Ripple Labs is applying for a banking license in the US, following a similar move by stablecoin issuer Circle Internet Group as crypto firms look to be regulated to deepen ties with traditional finance. Ripple CEO Brad Garlinghouse wrote to X on Wednesday that the company is applying for a license with the US national bank regulator, the Office of the Comptroller of the Currency (OCC), confirming an earlier report from The Wall Street Journal. “True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC,” he wrote. Read more -
Cointelegraph.com - 23:54 Jul 02, 2025
Bitcoin moved closer to its all-time high today, but several data points suggest pro traders are not on board yet. Key takeaways: Bitcoin trades near all-time high, but derivatives data show traders remain cautious and uncommitted. The USDT discount in China and spot Bitcoin ETF outflows highlight investor concerns over global trade tensions. Read more -
Cointelegraph.com - 22:24 Jul 02, 2025
The platform's OpenAI private equity tokens were disavowed by the company, prompting OpenAI co-founder, Elon Musk, to call the AI firm "fake." OpenAI issued a statement on Wednesday clarifying that OpenAI tokens distributed to European Union users by the trading platform Robinhood do not represent equity in the company. "We are not involved in this and do not endorse it,” representatives of the company wrote on social media. “Any transfer of OpenAI equity requires our approval — we did not approve any transfer. Please be careful." Robinhood distributed $5 worth of OpenAI and SpaceX tokens to clients in the EU region on Monday as part of the company's push into tokenized stock trading, which included launching a layer-2 blockchain network to settle tokenized equity trades. Read more -
Cointelegraph.com - 21:50 Jul 02, 2025
Zohran Mamdani has made waves after his primary election victory, but what would he mean for the crypto industry in NYC? Zohran Mamdani won the New York mayoral primary election on June 24, which has since caused a stir among the crypto industry’s upper crust. Mamdani will face off against incumbent Mayor Eric Adams in November, and it’s clear that many in the crypto industry are uneasy about the prospect of a Mamdani victory. Executives and pro-crypto government officials alike have decried his policy proposals, with critics equating his left-leaning policies to Soviet collectivism. Mamdani laid out many specific policy positions, several of which were further left than the Democratic Party norm, but he has remained relatively silent on cryptocurrency. His opponent, Adams, in contrast, is promoting it at great length. Read more -
Cointelegraph.com - 21:15 Jul 02, 2025
LTC price fell under $90, but multiple factors suggest Q4 2025 could be an exciting time for the altcoin. Key takeaways: LTC’s spot cumulative volume delta flipped positive for the first time since December 2024, signaling a positive shift in market sentiment. A potential LTC ETF could trigger institutional investor demand and align with its historically strong Q4 performance. Read more -
Cointelegraph.com - 21:15 Jul 02, 2025
Vitalik Buterin's presentation at the EthCC event comes amid an inflection point for the crypto industry as it attempts to reconcile growth and the Cypherpunk ethos. Ethereum co-founder Vitalik Buterin delivered a keynote speech at EthCC on Wednesday, asking blockchain developers to focus on freeing humanity through their inventions rather than building more technically advanced tools. Buterin compared the individual liberty ethos of the early internet in the 1990s to the current ethos in blockchain, noting that the free and open internet championed by early digital rights advocate John Perry Barlow was lost in the Web2 era. The Ethereum co-founder characterized Web2 as a collection of "walled gardens," warning the audience that many of the Web2 founders, which have since become known for censorship policies, framed themselves as freedom advocates in the early days. Buterin cautioned Web3 founders not to fall into the same trap: Read more -
Cointelegraph.com - 20:39 Jul 02, 2025
In a media interview, Chair Paul Atkins pledged to empower businesses to innovate through tokenization. The US Securities and Exchange Commission (SEC) now sees tokenization as an “innovation” to be encouraged in the marketplace, according to Chair Paul Atkins, who pointed to a clear regulatory shift since former SEC Chair Gary Gensler’s tenure ended. “Tokenization is an innovation,” Atkins said in a CNBC interview on Wednesday. “And we at the SEC should be focused on how do we advance innovation in the marketplace.” Atkins contrasted his approach to crypto regulation with his predecessors, saying the SEC had previously hindered innovation through vague laws and “regulation through enforcement.” Read more -
Cointelegraph.com - 20:15 Jul 02, 2025
BNB Smart Chain’s Maxwell upgrade has ignited the bulls, opening the door for a rally toward new year-to-date highs. Key point: BNB Smart Chain’s Maxwell upgrade has acted as a catalyst in starting an uptrend toward $719. BNB Smart Chain’s Maxwell upgrade, which, according to the BNB Chain team, is “a technical leap forward for faster blocks, better validator coordination, and smoother network performance,” went live on Monday. Read more -
Cointelegraph.com - 20:01 Jul 02, 2025
The dEURO is overcollateralized by other digital assets such as Bitcoin, Ether and Monero. Cake Wallet added the decentralized stablecoin dEURO to its offerings on Tuesday, expanding its stable of euro-denominated digital assets for users. The decentralized stablecoin is overcollateralized by other digital assets, including Bitcoin (BTC), Ether (ETH) and Monero (XMR), meaning that to mint the dEURO stablecoin, users must first deposit other cryptocurrencies as collateral. Overcollateralizing, or depositing cryptocurrency worth more than the value of the asset being borrowed, acts as a shield against de-pegging events, the dEURO team told Cointelegraph. The dEURO offering also features automatic liquidations, which occur when loan-to-value ratios drop below a certain threshold. Read more -
Cointelegraph.com - 19:40 Jul 02, 2025
Traders say Bitcoin will benefit from the proposed $5 trillion increase to the US debt ceiling, but data could suggest otherwise. Key takeaways: Historical data fail to show a consistent link between Bitcoin price gains and US debt ceiling increases. Bitcoin’s resilience reflects investors’ belief that the US dollar will continue to lose value due to US domestic fiscal policy. Read more
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