Cointelegraph.com
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Found 7335 news
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Cointelegraph.com - 12:38 Jul 22, 2025
Bitcoin can still surpass all-time highs, but doubts surface over how quickly bulls can get past the latest sub-$120,000 consolidation phase. Key points: Bitcoin market momentum slows after its all-time highs, but investors are not wasting time adjusting to rangebound conditions. Profitability has “cooled,” says Glassnode, but fresh gains are still possible. Read more -
Cointelegraph.com - 11:45 Jul 22, 2025
Ether risks a correction to $3,000 as its daily chart flashes overbought signals similar to the setup that triggered a sell-off in May. Key takeaways: An Ethereum whale secured a $9.87 million profit after just 14 days. ETH’s RSI is signaling a possible short-term correction toward $3,000. Read more -
Cointelegraph.com - 11:43 Jul 22, 2025
Bitget Wallet’s direct withdrawal launch for USDT and USDC reflects the growing demand for ways to exit crypto positions without relying on centralized exchanges. Bitget Wallet, a self-custodial wallet operated by major cryptocurrency exchange Bitget, introduced its first fiat withdrawal option with crypto payment platform MoonPay. Bitget Wallet has partnered with MoonPay to launch a crypto off-ramp allowing users to convert stablecoins directly into 25 fiat currencies, the companies announced on Tuesday. “Before the launch of this fiat withdrawal feature, Bitget Wallet users typically transferred assets to centralized exchanges such as Bitget Exchange or third-party platforms for fiat conversion,” Bitget Wallet chief market officer Jamie Elkaleh told Cointelegraph. Read more -
Cointelegraph.com - 22:34 Jul 21, 2025
Crypto ATM arrests in London come as US states like Wisconsin move to limit daily transactions and mandate fraud warnings. Seven crypto ATMs were seized and two people were arrested in southwest London on Thursday on suspicion of money laundering and operating an illegal cryptocurrency exchange. The operation was led by the UK Financial Conduct Authority (FCA) and the Metropolitan Police, according to a statement by the financial watchdog. Since January 2021, any crypto business operating in the UK must be registered with the FCA and follow anti-money laundering regulations. Currently, no legal crypto ATMs are operating in the UK, and using or running one without FCA registration is a criminal offense. Read more -
Cointelegraph.com - 22:15 Jul 21, 2025
The second week of the Roman Storm trial kicked off with Judge Katherine Failla allowing a witness to testify that Tornado Cash could have been modified to prevent criminal use. A federal judge overseeing Tornado Cash co-founder and developer Roman Storm’s criminal trial will allow jurors to hear testimony claiming he could have modified the platform “to deter criminals from using it.” In a Sunday order, Judge Katherine Failla denied a defense motion requesting to preclude testimony from a government witness over modifications Storm allegedly could have made to Tornado Cash. The witness, Philip Werlau, an investigator at the fraud investigation and Anti-Money Laundering compliance company AnChain.AI, will be allowed to offer testimony that Storm allegedly had the means to stop Tornado Cash from laundering the proceeds of crimes using smart contract features, but chose not to. Read more -
Cointelegraph.com - 21:59 Jul 21, 2025
Hive Digital’s HPC business is targeting a $100 million annual revenue run rate as it continues to diversify beyond Bitcoin mining. Hive Digital Technologies (HIVE) is continuing its transformation from a pure-play crypto miner to a high-performance computing (HPC) services provider. What began with a fleet of 400 GPUs managed by two employees is now scaling toward a $100 million annual revenue. The company is leveraging advanced AI chips, including Nvidia’s H100s and the forthcoming Blackwell GPUs, to drive this growth. Co-founder and Executive Chairman Frank Holmes and CEO Aydin Kilic elaborated on Hive’s strategy in an exclusive interview with Cointelegraph at the Nasdaq Stock Exchange headquarters in New York City, where the company rang the closing bell on Thursday. Read more -
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
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