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CryptoPunks remained the top NFT collection by market capitalization, with a valuation of $1.8 billion, according to NFT Price Floor. Ethereum-based non-fungible tokens (NFT) collections took over the latest seven-day sales rankings, accounting for nine of the top 10 collections by total sales volumes. On Monday, CryptoSlam data showed nine of last week’s top 10 collections by sales volume were Ethereum-based NFTs, including popular collections CryptoPunks, Pudgy Penguins, Moonbirds and Azuki. The only non-Ethereum collection in the top 10 was the Polygon-based Courtyard NFTs. Read more
A veteran hacker warns how quantum computing could quietly dismantle the cryptography securing Bitcoin and blockchains. A hacker-turned-defender warns that most of the industry is asleep on crypto’s existential threat: quantum computing. David Carvalho, CEO of post-quantum infrastructure firm Naoris Protocol, began hacking at the age of 13, experimenting with spam emails to attract job offers and gain attention from employers. Eventually, that curiosity shifted into formal cybersecurity work, where he used the same skills to defend systems instead of probing them. Today, he builds quantum-resilient systems for decentralized networks and claims that the cryptographic foundations of blockchains like Bitcoin and Ethereum are dangerously outdated. Read more
The Indian crypto exchange announced a recovery program of up to 25% for ethical hackers who can help recover the stolen stablecoins. Indian cryptocurrency exchange CoinDXC announced a recovery effort after falling victim to a $44 million exploit on Friday, with the firm pledging a bounty for ethical hackers who help retrieve the stolen funds. CoinDXC’s internal accounts used for “liquidity provision” were exploited on Friday, leading to $44 million worth of cryptocurrency being stolen, while user funds remained unaffected. In an effort to recover the stolen funds, CoinDCX CEO Sumit Gupta announced a new recovery bounty program that offers white hat hackers up to 25% of any recovered funds they can help trace and retrieve. Read more
Hashed Emergent’s Vishal Achanta told Cointelegraph that COINS Act aims to turn India from a “regulatory minefield” into a destination of choice for the crypto community. Web3 venture firm Hashed Emergent and policy advisory group Black Dot have released a model crypto law aimed at clarifying India’s regulatory framework for digital assets. Announced Monday, the Crypto-systems Oversight, Innovation and Strategy (COINS) Act offers a legislative blueprint to support a clearer, industry-led policy environment for crypto in India. The model law is non-binding and does not carry any legal effect unless formally introduced and passed by the Indian parliament. Still, the framework offers policymakers a blueprint for crypto-related digital rights, including self-custody, protocol access and financial privacy. It also addresses key legal pain points in the country such as punitive taxation, regulatory uncertainty and the absence of a dedicated crypto regulator. The model law recommends the creation of a new regulato...
Michael Saylor’s Strategy made a fresh $739.8 million investment in Bitcoin last week, with total holdings now reaching 607,770 BTC. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued stacking Bitcoin last week as the cryptocurrency surged past $122,000 for the first time on July 14. Strategy acquired 6,220 Bitcoin (BTC) for $739.8 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday. Strategy’s new Bitcoin purchases were made at an average price $118,940 per coin, with BTC starting the week at historic levels above $122,000 before dropping to an intraweek low of $116,000 and consolidating at around $118,000, according to CoinGecko. Read more
Chinese blockchain Conflux launched Conflux 3.0 network and unveiled a new offshore yuan-backed stablecoin targeting “Belt and Road” cross-border payments. Chinese blockchain Conflux announced a third version of its public network and introduced a new stablecoin backed by offshore Chinese yuan. According to a report from the Shanghai municipal government on Sunday, Conflux announced the developments during a three-day conference over the weekend. At the event, Conflux unveiled a partnership with fintech firm AnchorX and information technology security firm Eastcompeace to support the launch of an offshore yuan-backed stablecoin. The news follows AnchorX receiving in-principle approval for its yuan-pegged stablecoin AxCNH by Kazakhstan’s regulator, the Astana Financial Services Authority, in late February. It is unclear whether Conflux’s stablecoin is AxCNH or a separate project, and the involved companies had not responded to Cointelegraph’s inquiries by publication. Read more
The company plans to launch “one of the largest onchain ETH positions of any public entity” by generating ETH-denominated returns through staking and DeFi participation. A team of crypto-native researchers and public market experts is preparing to launch what it calls the largest yield-bearing Ether fund targeting institutional investors. The company, called Ether Machine, plans to create a publicly traded vehicle offering institutional-grade exposure to Ethereum infrastructure and Ether (ETH) yield, it announced on Monday. It is co-founded by Andrew Keys, a former board member and head of global business development at Consensys, and David Merin, a former corporate development executive at Consensys who now serves as Ether Machine’s CEO. Read more
Ether lost due to bugs and user errors has surged 44% since March 2023, according to Conor Grogan, head of product at Coinbase. Ether lost forever due to user errors and bugs has climbed to 913,111 ETH — around 0.76% of the current circulating supply, according to Coinbase’s head of product, Conor Grogan. Grogan shared the estimate on X on Sunday, noting that the lost Ether (ETH) due to human error and bugs now accounts for more than $3.43 billion at current market prices. When including 5.3 million ETH destroyed via Ethereum Improvement Proposal 1559 (EIP-1559) since 2021, the share of ETH lost is even higher. Read more
Ether’s current structure mirrors the Dow Jones’ 1980 bull run, with technical patterns reinforcing the ETH price rally outlook. Key takeaways: Ethereum could surge toward $8,000 as it enters the final phase of a long-term bullish pattern. The pattern is strikingly similar to Dow Jones’ bullish structure from 1980. Read more
Institutional investors will increasingly adopt blockchain-based compliance solutions and tokenized RWAs, Chainlink’s co-founder Sergey Nazarov told Cointelegraph. Blockchain-based investment products and compliance tools are poised to become more than 10 times faster and cheaper than traditional finance (TradFi) offerings, spurring increased digital asset adoption by financial institutions. Traditional financial compliance products are often fragmented and expensive due to complex manual processes, resulting in billions of dollars in costs. “Compliance is an inefficient part of the traditional finance industry that a lot of people are not happy about, including identity verification of AML and KYC,” Chainlink co-founder Sergey Nazarov told Cointelegraph during the RWA Summit 2025 in Cannes. Read more
ERC-3643 Association president Dennis O’Connell told Cointelegraph the SEC showed “a noticeable shift in tone” and openness to blockchain standards. The US Securities and Exchange Commission (SEC) met with industry players to discuss a token standard to support the compliant issuance and transfer of tokenized securities. The SEC’s Crypto Task Force met with Ethereum-aligned organizations on Thursday, including the ERC-3643 Association, Chainlink Labs, the Enterprise Ethereum Alliance and Linux Foundation (LF) Decentralized Trust. During the meeting, the blockchain proponents and the SEC explored how open standards like ERC-3643 and compliance frameworks like Chainlink’s Automated Compliance Engine (ACE) could help bridge onchain technology with traditional regulatory requirements. Read more
Projects across multiple educational sectors are leveraging AI and blockchain to provide more accessible alternatives to students. Artificial intelligence and blockchain are disrupting legacy education systems by expanding access to education through alternative credentialing systems and AI-powered content. John von Seggern, an online educator and founder of the Futureproof Music School, an online school that teaches students electronic music production, currently uses an AI assistant to help structure and supplement courses for his students. The educator told Cointelegraph that he plans on rolling out blockchain-based credentials for those who complete the educational courses, providing verifiable proof that they have completed the programs and attained a sufficient understanding of the material. Read more
Strategy continues accumulating Bitcoin as it hits all-time highs in July, and the total crypto market cap breaches the $4 trillion mark. Strategy co-founder Michael Saylor signaled an impending Bitcoin (BTC) purchase on Sunday, as the company’s total holdings crossed $71 billion. The treasury company’s most recent purchase occurred on July 14, when it bought 4,225 BTC for $472.5 million, bringing its total holdings to 601,550 BTC, valued at over $71.4 billion. The company is up about 66.5% on its Bitcoin investment, accounting for over $28.5 billion in unrealized gains, according to SaylorTracker. Read more
Bitcoin and Ether traders are eyeing price milestones into the weekly close, with a resistance trend line keeping BTC bulls from heading to all-time highs. Key points: Bitcoin market participants expect a resistance trend line breakout, with nearby targets including $125,000. Attention continues to focus on altcoins while Bitcoin consolidates, with Ether reaching seven-month highs. Read more
Embedding human rights into crypto systems is a necessity. Self-custody, privacy-by-default, and censorship-resistant personhood must be core design principles for any technology. The future of digital freedom depends on it. Opinion by: Shady El Damaty, co-founder of Human.Tech Beyond the hype of accelerationist and technophile circles, a quiet crisis of confidence is taking hold in emerging technologies. Crypto and decentralized identity solutions still carry enormous potential to empower individuals and distribute power — but many builders and users are sounding the alarm. Their disillusionment stems from real concerns: surveillance overreach, centralization disguised as innovation and tools that serve power, not people. Read more
James Wynn has opened high-risk leveraged trades on Ether and PEPE worth over $23 million after a $536,000 USDC deposit into Hyperliquid. James Wynn, a crypto trader known for his high-leverage crypto bets, has initiated two major leveraged positions, including a 25x long on Ether (ETH) and a 10x long on PEPE (PEPE). According to onchain data, Wynn’s Ether position amounts to 3,269 ETH, valued at approximately $12.12 million, with an entry price of $3,726.28. His kPEPE (the name for the $PEPE-USD futures contract on Hyperliquid) long spans a staggering 812.16 million tokens, worth roughly $11.28 million at an average entry of $0.01358. At the time of writing, Wynn is sitting on a $251,617 unrealized profit from his PEPE position, while his ETH bet is currently down over $62,700. The ETH trade faces liquidation at $3,492.8, while the PEPE position’s liquidation level sits at $0.012998. Read more
The GENIUS Act marks a turning point for crypto regulation, but experts say true integration with finance and identity systems is only beginning. The proclaimed Crypto Week has concluded with significant regulatory progress, including the passage of the much-anticipated GENIUS Act. However, industry experts claim the regulatory clarity is just the foundation for what lies ahead. “Clarity is just a starting point, not an endpoint,” Leo Fan, co-founder of Cysic, told Cointelegraph. He pointed to the need for scalable blockchains, instant verification systems, and trusted custody for further integration. Fan acknowledged that Crypto Week delivered “legal clarity,” with the GENIUS Act formally recognizing that not all crypto assets are securities. He called this a “foundational shift” that provides a “green light for developers, investors, and institutions to build and deploy with clearer legal guardrails.” Read more
Circle’s Dante Disparte says the GENIUS Act ensures tech giants and banks can’t dominate the stablecoin market without facing strict structural and regulatory hurdles. The GENIUS Act contains a little-noticed clause that prevents technology giants and Wall Street behemoths from dominating the stablecoin market, according to Circle Chief Strategy Officer Dante Disparte. “The GENIUS Act has what I’d like to call — just for my own legacy sake — a Libra clause,” Disparte told the Unchained podcast on Saturday. Any non-bank that wants to mint a dollar-pegged token must spin up “a standalone entity that looks more like Circle and less like a bank,” clear antitrust hurdles and face a Treasury Department committee with veto power over the launch. Banks don’t get a free pass either. Lenders that issue a stablecoin must house it in a legally separate subsidiary and keep the coins on a balance sheet that carries “no risk-taking, no leverage, no lending,” Disparte noted. Read more
Cardano founder Charles Hoskinson says he will read the full audit report over a livestream when it is released next month. Cardano founder Charles Hoskinson says he has requested further transparency on the initial audit of his firm Input Output Global’s (IOG) ADA holdings, but anticipates it will be ready for public release within a month. “I just received the first copy of the audit report. I requested a lot more detail and context in several areas, but it’s shaping up quickly,” Hoskinson said in an X post on Saturday. “I believe we are on schedule for a mid-August release, assuming the work continues at this pace and there are no delays,” he added. Read more
Santiment says the “historic social dominance spike” may indicate another buying opportunity for Bitcoin soon. Nearly half of all crypto-related mentions on social media this week centered around Bitcoin as it hit new highs, a level of dominance that may signal a local top and a potential short-term pullback, according to sentiment platform Santiment. “As Bitcoin's market value crept above $123.1K for the first time in its 17+ year history, there was an equally historic social dominance spike,” Santiment analyst Brian Quinlivan said in a report on Wednesday. “43.06% of all crypto discussions were about $BTC just as the coin’s market value was peaking,” Quinlivan added. Quinlivan said that “the sudden spike was indicative of many retail traders FOMO’ing in,” challenging the view held by several other industry participants who believe retail investors have yet to enter the market. Read more7335 items