Cointelegraph.com
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Cointelegraph.com - 22:15 Jul 01, 2025
SOL retraced its ETF rally, and with over 14% of supply concentrated at $144, holding this key support is critical to avoid a deeper correction. Key takeaways: SOL’s 5% ETF-driven rally to $160 was reversed entirely within 24 hours, exposing persistent technical weakness on the lower and higher time frames. SOL trades near a key $144.5–$147.7 supply cluster. A breakdown below $144 could trigger a drop to $124 or even $95–$100, where support thins out. Read more -
Cointelegraph.com - 22:14 Jul 01, 2025
Grayscale has slowly narrowed the arbitrage opportunities on its crypto trusts by converting them into exchange-traded funds. Asset manager Grayscale received approval from the US Securities and Exchange Commission (SEC) on Tuesday to convert its Digital Large-Cap Fund into an exchange-traded fund (ETF). The fund consists of the five biggest cryptocurrencies by market capitalization featured in the CoinDesk Five Index. Roughly 80.2% of the weighted fund is Bitcoin (BTC), followed by Ether (ETH) at 11.3%, while Solana (SOL) accounts for approximately 2.7% of the fund, XRP (XRP) commands over 4.8%, and Cardano's ADA (ADA) has a weighting of 0.81% in the fund. Read more -
Cointelegraph.com - 21:28 Jul 01, 2025
The United States Securities and Exchange Commission is reportedly considering simplifying the listing process for certain crypto ETFs. The United States Securities and Exchange Commission (SEC) is reportedly exploring a simplified listing structure for crypto exchange-traded funds (ETFs) that would automate a significant portion of the approval process. Under the proposed overhaul, ETF issuers could potentially sidestep 19b-4 application filings, the form entities submit to the SEC before listing a financial product on exchanges, according to crypto journalist Eleanor Terrett. Instead, issuers would submit SEC form S-1, the initial listing registration filing, and wait for 75 days. If the SEC does not object to the application, the issuer would be free to list the ETF, reducing the back-and-forth communication between fund managers and the regulator. Read more -
Cointelegraph.com - 21:15 Jul 01, 2025
A revisit to the $100,000 level seems likely now that BTC price slipped below two key support levels. Key point: Selling accelerated on Tuesday, raising the chance for a Bitcoin price drop to $104,000. Bitcoin (BTC) pulled back to $105,250 on Tuesday after failing to cross above the $109,000 mark on Sunday and Monday. Bitfinex analysts said in a market report that Bitcoin could have formed a local top or may enter a period of consolidation. Read more -
Cointelegraph.com - 20:13 Jul 01, 2025
Bitcoin selling intensified this week, but data shows an assortment of buyers absorbing the flow. Key takeaways: Bitcoin is stuck between $100,000–$110,000 as mid-to-long-term holders lock in profits. Despite the movement of older coins, one analyst sees this redistribution as typical in bull markets and believes the market is absorbing the selling pressure. Read more -
Cointelegraph.com - 20:13 Jul 01, 2025
Many provisions of the legislation, which received overwhelming support in the state House and Senate, take effect on Oct. 1. Connecticut Governor Ned Lamont has signed a bill into law restricting the use of digital assets in state government, including the establishment of a cryptocurrency reserve. On Monday, Lamont signed Connecticut House Bill 7082, which was previously approved by the US state’s House of Representatives and Senate. The legislation specifically prohibits the state government from “accepting or requiring payment in the form of virtual currency” or “purchasing, holding, investing in or establishing” a crypto reserve. The bill, introduced in February by state Representative Jason Doucette, also establishes requirements for crypto money transmission licensees in Connecticut. The provisions barring the state government from accepting crypto or establishing a digital asset reserve take effect on Oct. 1. Read more -
Cointelegraph.com - 18:52 Jul 01, 2025
The company offers crypto trading on the platforms that it manages, including the mixed-asset trading platforms Swissquote and Yuh. Swissquote, the online trading platform behind the crypto-friendly Yuh app, has been ordered by Swiss regulators to reduce the number of phishing and impersonation attempts targeting its platforms. More than 600 websites impersonating Swissquote platforms or attempting to defraud users through fraudulent login portals were discovered in the first half of 2025, according to Bloomberg. The Swiss Financial Market Supervisory Authority (FINMA) cited the Yuh platform, which also features crypto trading, as a major target of fraud campaigns perpetrated by scammers. Read more -
Cointelegraph.com - 18:27 Jul 01, 2025
Developers can build cross-platform Solana mobile apps with wallet integration, token actions and NFTs in just 15 minutes. Solana now offers a mobile-first developer toolkit with wallet adapters, transaction helpers and templates. Developers can use React Native to build iOS and Android apps simultaneously. Deep-link wallet connections (e.g., Phantom, Backpack) eliminate the need for custom back-end integrations. Read more -
Cointelegraph.com - 18:00 Jul 01, 2025
XRP trades in a tight range between $2 and $2.35, but the next price breakout could be driven by ETF speculators. Key points: XRP struggles to break above the $2.35 resistance, pointing to a lack of demand at higher levels. Rising odds of an XRP ETF approval could catalyze the next leg of an XRP rally. Read more -
Cointelegraph.com - 17:57 Jul 01, 2025
Wyoming Senator Cynthia Lummis had proposed that the legislation address double taxation for cryptocurrency miners and stakers. Republicans in the US Senate narrowly passed a budget reconciliation bill strongly pushed by President Donald Trump and heavily criticized by many members of both parties for concerns about healthcare cuts, artificial intelligence regulation and redistribution of wealth through tax cuts. In a 50-50 vote on Tuesday after more than 24 hours in session, the Senate passed the “One Big Beautiful Bill Act” with Vice President JD Vance acting as the tiebreaker. All Democrats in the chamber and three Republicans voted against the legislation, with many proposing amendments to address concerns around AI regulation and funding to rural hospitals. Amid debate on the bill, Wyoming Senator Cynthia Lummis suggested she would add a provision to address what she called “unfair tax treatment” of cryptocurrency miners and stakers. However, her proposed changes to the bill did not appear in amendments ... -
Cointelegraph.com - 17:47 Jul 01, 2025
Michael Saylor's tech company is expected to post over $13 billion in unrealized gains from its Bitcoin holdings in the second quarter of 2025. Strategy, the world’s largest corporate holder of Bitcoin, is expected to post mixed financials for the second quarter of 2025. According to a Bloomberg analysis on Tuesday, the company is projected to report more than $13 billion in unrealized gains for 2Q 2025, driven by its massive crypto holdings. In stark contrast, its core software business is forecast to generate just $112.8 million in revenue, reflecting a widening gap between its digital asset exposure and operational performance. Data from Bitcoin Treasuries shows that Strategy held 528,185 Bitcoin (BTC) as of Mar. 31, worth over $43.5 billion at the time. The company's holdings stood at $56.3 billion Monday, resulting in an unrealized gain of $12.8 billion during the past three months. Read more -
Cointelegraph.com - 17:22 Jul 01, 2025
Bitcoin exchange reserves drop to a seven-year low, signaling a potential supply shock as institutional buying from ETFs continues. Key takeaways: Bitcoin’s percent supply on exchanges has dropped below 15% for the first time since 2018. Depleting exchange supply and OTC balances, pointing to “supply shock” and long-term accumulation. Read more -
Cointelegraph.com - 16:48 Jul 01, 2025
Pi price turned bearish after key updates failed to boost momentum. A rebound from $0.47 is possible, but $0.66 remains a strong resistance level to clear. Key points: The recent announcement of two major features has failed to arrest the fall in PI price, but a bounce could start from $0.47. Pi (PI) announced the release of two major features on Friday, but the news has failed to ignite the markets. Read more -
Cointelegraph.com - 16:48 Jul 01, 2025
Protect Progress, an affiliate of the cryptocurrency-backed Fairshake PAC, spent more than $1 million on media buys to support Democratic candidate James Walkinshaw. James Walkinshaw, a Democratic candidate seeking to replace the late Representative Gerry Connolly for Virginia’s 11th Congressional District, won a party primary after a cryptocurrency-backed political action committee (PAC) spent more than $1 million to support his race. On Saturday, Democrats in Virginia’s 11th district held a firehouse primary to decide on a possible replacement for Connolly after his death while in office. A special election to determine who will represent the district will be held on Sept. 9. Walkinshaw beat out other candidates to become the Democratic nominee for the House seat, and the cryptocurrency industry may have played a role in his success, given reports of media buys by the Protect Progress PAC. According to Federal Election Commission filings, the committee spent more than $1 million to support Walkinshaw in Jun... -
Cointelegraph.com - 15:55 Jul 01, 2025
Marketed with Trump’s name but lacking a white paper or utility, the TRUMP token surged to a multibillion-dollar valuation before crashing. The Trump-themed memecoin surged to a multibillion-dollar valuation despite lacking a white paper, a roadmap or a clear purpose beyond speculation. Launched on Jan. 17, 2025, on the Solana blockchain, the TRUMP memecoin quickly became one of the most controversial political tokens to date. Though marketed with Donald Trump’s name, the project initially disclaimed any political or financial purpose. Read more -
Cointelegraph.com - 15:00 Jul 01, 2025
Crypto hacks underscore the urgent need for CEXs and DeFi to overhaul their security, collaborate on risk management and embrace self-regulation. Opinion by: Orest Gavryliak, chief legal officer, 1inch Labs The Bybit breach in February smashed the record for the biggest hack in crypto history. More than $1.4 billion was stolen by North Korean cybercriminals in the blink of an eye, with the audacious heist making headline news around the world. Now, as TRM Labs reports, $2.1 billion worth of crypto has been lost to attacks in the first half of 2025. That’s an exorbitant amount of money, and yet, the hacks seem set to continue. Read more -
Cointelegraph.com - 14:45 Jul 01, 2025
Moody’s and Alphaledger’s pilot on Solana shows how traditional credit ratings can be embedded directly into tokenized bonds. Often touted as a next-gen alternative to Ethereum or Bitcoin, the Solana blockchain is now making headlines for a very different reason: onchain credit ratings. In June 2025, Moody’s teamed up with a fintech startup called Alphaledger to run a pilot program to explore how traditional credit ratings could be integrated into blockchain systems. Here’s what they did: Read more -
Cointelegraph.com - 14:32 Jul 01, 2025
The FATF is shaping global crypto rules from behind the scenes, with stablecoins and DeFi next in line for scrutiny. Cryptocurrency regulations are increasingly aligning with global standards; 73% of eligible jurisdictions have now passed laws to implement the Financial Action Task Force’s (FATF) Travel Rule. The Travel Rule mandates crypto service providers to collect and share users’ transaction data, similar to traditional finance requirements. On June 26, the FATF released its annual report that outlines how recent regulatory moves by jurisdictions are converging with its global Anti-Money Laundering (AML) framework. This is a direct result of a years-long campaign by the FATF to bring cryptocurrencies in line with traditional AML and Counter-Terrorist Financing (CFT) standards. Read more -
Cointelegraph.com - 14:30 Jul 01, 2025
Pakistan’s crypto czar, Bilal Bin Saqib, isn’t content letting the nation’s Bitcoin stash sit idle — he wants it generating returns. Pakistans crypto czar Bilal Bin Saqib burst into the headlines in late May by announcing live on stage at Bitcoin 2025 that the country will establish a Bitcoin Reserve. Saqib, Pakistans crypto minister and CEO of the Pakistan Crypto Council, tells Magazine a discussion with Strategy executive chairman Michael Saylor made him feel even more certain about the decision. Saqib said that while he was already smitten with Bitcoin before, he felt reinvigorated like hed been orange-pilled all over again. Read more -
Cointelegraph.com - 14:15 Jul 01, 2025
XRP remains at risk of dropping to $1 if a key support zone is lost — one that aligns with the onchain realized price level. Key takeaways: XRP is forming a descending triangle, a pattern that’s historically bearish over half the time. A breakdown below $1.80–$2.00 support could trigger a drop toward the $1 realized price level. Read more
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