Cointelegraph.com
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Cointelegraph.com - 19:25 Jul 03, 2025
Bitcoin charts show bearish divergences across multiple timeframes, a hint that price rallies above $110,000 could be a trap. Key takeaways: Bitcoin shows bearish divergences on multiple time frames, signaling weak bullish momentum and a potential pullback. Some traders anticipate a rally above $112,000, but increasing sell pressure and liquidity sweeps suggest the breakouts are traps. Read more -
Cointelegraph.com - 19:17 Jul 03, 2025
Roman Storm is scheduled to appear in a New York courtroom for his criminal trial on July 14, facing money laundering and conspiracy charges. Roman Storm, one of the co-founders and developers behind the cryptocurrency mixing service Tornado Cash, appeared in a video interview as his US criminal trial is expected to begin in less than two weeks. In an interview released Wednesday by Crypto In America, Storm said his legal team intended to address at trial the allegations that he had personally profited from illicit funds through his role at Tornado Cash. However, he declined to say whether he would testify in his own defense over charges of money laundering, conspiracy to operate an unlicensed money transmitter, and conspiracy to violate US sanctions. Read more -
Cointelegraph.com - 18:28 Jul 03, 2025
XRP could rally to $2.65 as a bullish trading pattern, and investors’ excitement over Ripple Labs’ US banking license application boosts interest in the altcoin. Key point: Ripple Labs’ application for a US banking license has acted as a catalyst for XRP, paving the way for a potential rally to $2.65. Ripple Labs CEO Brad Garlinghouse said in a post on X that the company “is applying for a national bank charter” from the Office of the Comptroller of the Currency (OCC). Read more -
Cointelegraph.com - 18:19 Jul 03, 2025
The mining companies opened sharply higher on Thursday after US nonfarm payrolls surprised to the upside. Crypto mining stocks logged strong weekly gains, despite a pullback on Thursday, in a rally fueled by signs that a favorable macroeconomic backdrop could support the US Federal Reserve’s soft-landing narrative. Shares of Riot Platforms (RIOT), Hive Digital (HIVE), Hut 8 (HUT8), MARA Holdings (MARA), and Bitfarms (BITF) surged between 13% and 28% over the past four trading sessions, as US markets closed early on Thursday ahead of the Independence Day holiday weekend. In Thursday’s session, investors responded to a better-than-expected US nonfarm payrolls report, though several public mining companies retraced gains. Read more -
Cointelegraph.com - 18:14 Jul 03, 2025
The Wyoming Senator seeks to end double taxation and add clarity to the tax treatment of crypto staking, mining, and lending transactions. US Senator Cynthia Lummis submitted a draft bill on Thursday, outlining several provisions to overhaul the tax code and exempt certain digital asset transactions from taxation after crypto amendments failed to appear in the budget package. The bill proposes a de minimis exemption for digital asset transactions and capital gains of $300 or less, with a $5,000 annual exemption cap. The Wyoming Senator also outlined provisions to exempt crypto lending agreements and digital assets used in charitable contributions from taxation. Additionally, the bill proposed deferring taxes on mining and staking rewards until the underlying assets are sold. Lummis said: Read more -
Cointelegraph.com - 18:00 Jul 03, 2025
Lever CEO Jullian Duran joins the Clear Crypto Podcast to explore how using Bitcoin as collateral, rather than cashing out, can create a new path to financial independence. What if you could use your Bitcoin (BTC) to buy a house, fund a child’s education or invest in a new business, without ever selling it? In the latest episode of the Clear Crypto Podcast, the CEO of Lever, Jullian Duran, makes the case for a new kind of financial firepower; using Bitcoin not to cash out, but to unlock opportunity. Duran, who previously worked at Bridgewater and Marathon Digital, said his mission is rooted in personal experience and in the unrealized potential of Bitcoin-rich users who find themselves asset-rich but liquidity-poor. Read more -
Cointelegraph.com - 17:33 Jul 03, 2025
Growth in companies adding to their ETH treasuries and the acceleration of Ethereum adoption in TradFi could send Ether price to $2,800. Key point: Ether price is showing strength as increasing demand from companies buying and building ETH treasuries accelerates. BitMine Immersion Technologies and Bit Digital recently announced plans to make Ether (ETH) a part of their treasury strategy. Additionally, sports betting company SharpLink Gaming boosted its Ether holdings to 188,000 Ether after the latest purchase of 12,207 Ether in the week ending June 20. Read more -
Cointelegraph.com - 17:23 Jul 03, 2025
The license was granted after a new policy from Singapore's Monetary Authority required all crypto firms based in the country to register. The Monetary Authority of Singapore (MAS) has granted crypto exchange Bitstamp a license to provide services to residents of the Southeast Asian country, the company announced on Thursday. Bitstamp's license is part of the exchange's broader expansion into the Asia-Pacific (APAC) region, the company said. In June, MAS ordered all crypto exchanges serving overseas customers to get licensed or face expulsion, imprisonment, and financial penalties. The regulator also warned that obtaining a license would be very difficult. MAS officials wrote: Read more -
Cointelegraph.com - 17:03 Jul 03, 2025
Bitcoin bulls will have to maintain the price above $109,000 to enhance the prospects of a breakout to a new all-time high above $111,980. Key point: BTC’s rally above $109,000 has invalidated a bearish pattern, setting the stage for bulls to make a run at a new all-time high. Bitcoin (BTC) rallied sharply on Wednesday and is trying to continue its uptrend on Thursday, indicating sustained demand from the bulls. 10x Research head of research Markus Thielen told Cointelegraph that Bitcoin could surge to $116,000, supported by strong inflows into the spot Bitcoin exchange-traded funds, US Federal Reserve uncertainty and the sharp drop in Bitcoin supply on crypto exchanges. Read more -
Cointelegraph.com - 16:45 Jul 03, 2025
More than 16 billion passwords were leaked in 2025, not from a single breach, but from years of silent malware infections. In June 2025, cybersecurity researchers at Cybernews uncovered one of the most significant credential leaks ever recorded: More than 16 billion login details compiled into roughly 30 massive data sets were freely circulating online. Rather than a single catastrophic breach, this was the accumulation of years’ worth of infostealer malware silently infecting devices, scraping everything from passwords and cookies to active session tokens and web login histories. Read more -
Cointelegraph.com - 16:41 Jul 03, 2025
Based on an evaluation between December 2023 and January 2025, the IRS Criminal Investigation did not always follow guidelines around seizing and holding crypto in cases. A US government watchdog has recommended reforms to the Internal Revenue Service (IRS) criminal investigation division’s handling of digital assets, citing repeated failures to follow established protocols. In a Tuesday report, the US Treasury Inspector General for Tax Administration said its evaluation of the IRS Criminal Investigation (IRS-CI) revealed shortcomings around the seizure and safeguarding of digital assets. According to the government watchdog, the IRS failed to follow all guidelines between December 2023 and January 2025 for seizure memorandums around confiscated crypto, detailing the addresses, dates, and amounts. Read more -
Cointelegraph.com - 16:16 Jul 03, 2025
Europe's largest asset manager says the US GENIUS Act could unintentionally weaken the greenback and disrupt global payments. European asset manager Amundi believes that the US GENIUS Act could trigger a surge in dollar-backed stablecoins, potentially causing unintended consequences for the global payment system, and even threatening the long-term dominance of the greenback itself. “It could be genius, or it could be evil, said Vincent Mortier, Amundi’s chief investment officer, in a recent interview with Reuters. While dollar-backed stablecoins have long been seen as a way to guarantee the dollar’s global hegemony, promoting a stablecoin could actually create “an alternative to the US dollar [...] that can could lead to more weakening of the dollar,” said Mortier. Read more -
Cointelegraph.com - 15:09 Jul 03, 2025
XRP’s price breaks out of a “pennant” with a profit target of around $3.20 amid increasing futures open interest. Key takeaways: XRP breaks out of a “pennant” on the weekly chart, hinting at 40% gains to $3.20. Several positive developments and increasing open futures open interest signal XRP’s ability to break out of consolidation. Read more -
Cointelegraph.com - 15:00 Jul 03, 2025
AI models generate immense value from user data. It’s time to demand onchain attribution and pay the people whose data makes AI possible with Payable AI, to ensure fair recognition and payment for everyone. Opinion by: Ram Kumar, core contributor at OpenLedger The public has knowingly contributed to the rise of artificial intelligence, often without realizing it. As AI models are projected to generate trillions of dollars in value, it’s time to start treating data like labor and building onchain attribution systems to pay the ones making it possible. X posts by users helped train ChatGPT, and their blog posts and forum replies shaped models that are now monetized by some of the most powerful companies in the world. Read more -
Cointelegraph.com - 14:30 Jul 03, 2025
Users are turning to ChatGPT to guide them through acid trips. Plus Microsoft stacks the deck in dodgy medical superintelligence test. AI Eye A new use case for ChatGPT just dropped it can listen to wild-eyed trippers explain their theories about why the universe is just one singular consciousness experiencing itself subjectively, so that you dont have to. Over the past few years, theres been growing interest in using psychedelics in therapy. Clinical studies suggest psychedelics like mushrooms, LSD, ketamine and DMT can help some people with issues such as depression, addiction and PTSD. Assigning ChatGPT to the therapist role is a budget alternative; a professional can set you back $1,500 to $3,000 per session. Users can enlist bots, such as TripSitAI and The Shaman, that have been explicitly designed to guide users through a psychedelic experience. MIT Technology Review spoke to a Canadian master’s student called Peter, who took a heroic dose of mushrooms and reported the AI helped him with deep breathing ... -
Cointelegraph.com - 14:25 Jul 03, 2025
Quantum computing could enable the reverse engineering of private keys from publicly exposed ones, putting the security of Bitcoin holders at risk. Quantum technology can process an enormous amount of data and solve complex problems in seconds rather than decades. Remarkably, quantum technology first appeared in the early 1900s. It originated from quantum mechanics, a branch of physics that examines how matter and energy behave at extremely small scales, such as atoms and subatomic particles. Read more -
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
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