Crypto

Dragonfly Capital’s early investment in Tornado Cash could expose the firm to potential legal action from the DOJ. Dragonfly Capital could be the target of federal charges stemming from its early investment in Tornado Cash developer PepperSec, Inc., but the venture firm says it is prepared to “vigorously defend” itself if prosecutors pursue the case. In a Friday social media post, Dragonfly Capital managing partner Haseeb Qureshi defended the firm’s early backing of Tornado Cash — an open-source protocol that allows users to obscure blockchain transactions — dating back to August 2020. “We made this investment because we believe in the importance of open-source privacy-preserving technology,” said Qureshi, adding that the company had consulted outside legal counsel before investing and was assured Tornado Cash was compliant. Read more

BlackRock's crypto head is leaving the financial giant to join Ethereum treasury company SharpLink Gaming as its co-CEO.

Has BTC outgrown the cycle theory?

Bitcoin is at risk of losing the $115,000 support, raising the chance that the recently started altcoin season could abruptly end. Key points: Bitcoin has pulled back into the $115,000 to $110,530 support zone, where buyers are expected to mount a strong defense. ETH has been holding near the overhead resistance as investors pour money into the spot ETH ETFs. Read more

Reporting from the New York courtroom suggested that the Tornado Cash developer could wrap up his defense in a few days, but whether he would take the stand was still unclear. Defense attorneys representing Tornado Cash co-founder and developer Roman Storm will reportedly rest their case sometime next week, sending the matter to the jury. According to reporting from Inner City Press on Friday, Judge Katherine Failla said she expected to hear closing statements from prosecutors and Storm’s legal team on Tuesday or Wednesday. The timeline gives the Tornado Cash co-founder roughly five days to present his defense in court. Whether Storm intends to take the stand in his own defense was unclear as of Friday. Before his trial started, the Tornado Cash co-founder gave an interview in which he said he “may or may not” testify.  Read more

Bettors on the Polygon-based prediction market Polymarket are assigning a 96.3% probability that the Federal Reserve leaves interest rates unchanged at its July 29–30 meeting, according to the platform’s contract covering the decision.  On top of the percentage of bets on “no change,” the platform’s dashboard shows 3% betting on a 25‑basis‑point cut, and less […] The post Polymarket shows 96.3% odds of no rate cut next week despite Trump claiming Fed is ‘ready’ to ease appeared first on CryptoSlate.

Vietnam has launched NDAChain, a permissioned Layer 1 blockchain to support its national digital infrastructure, according to a press release published by NDAChain on July 25.The platform is operated by the Data Innovation and Exploitation Center under the Ministry of Public Security and developed by the National Data Association. Mix of Centralization and DecentralizationNDAChain is […] The post Vietnam Launches National Blockchain for Data Infrastructure appeared first on Cryptonews.

A Florida purveyor of theme park goods is getting a new life thanks to Justin Sun's Tron. But you wouldn't know it from the office space.

The company had to restrict the majority of its crypto services for customers in Hungary earlier in July due to new legislation in the country being enforced.

The passage of the GENIUS Act is bringing renewed investor interest to Ether and Ethereum-native yield-generating opportunities. Institutional interest in cryptocurrencies was piqued after “Crypto Week” in the US saw the passage of the industry’s key stablecoin bill, the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act. Signed into law by US President Donald Trump on July 18, the GENIUS Act bans yield-bearing stablecoins in the world’s largest economy, which may increase the demand for Ether (ETH) and Ethereum-based yield-generating decentralized finance protocols, according to industry watchers. Signaling growing demand for the world’s second-largest cryptocurrency, a group of crypto researchers and public market experts announced the launch of the largest yield-bearing Ether fund for institutional investors, called Ether Machine. Read more

XRP price fell by 10% as whales sold and wider market liquidations spread to the altcoin. Key takeaways: XRP’s liquidation was the third-largest long liquidation on Binance this year. XRP’s higher time frame trend remains bullish, as bulls aim to defend the $2.95–$3.00 support zone. Read more

Goldman Sachs and BNY Mellon’s tokenization push aims to keep money market funds competitive as the US accelerates stablecoin adoption, according to a JPMorgan strategist. The tokenization of money market funds marks a significant step in preserving the appeal of “cash as an asset,” especially as the growing adoption of stablecoins threatens to erode the attractiveness of traditional fund offerings, according to JPMorgan strategist Teresa Ho. Commenting on recent initiatives by Goldman Sachs and Bank of New York Mellon to tokenize shares of money market funds, Ho noted that such services will help maintain the competitiveness of these funds while unlocking new use cases, such as margin collateral. This development is particularly timely given the recent passage of the US GENIUS Act, a comprehensive stablecoin bill expected to accelerate the usage of digital dollars by integrating the speed and predictability of blockchain technology into the traditional banking system. Read more

Large holders quietly accumulate Ethereum since early 2025, which has helped fuel a price rebound amidst improving social sentiment.

Bitcoin’s long-standing four-year cycle, once a dominant framework for predicting price movements, is beginning to lose its influence, according to Bitwise CIO Matt Hougan. In a July 25 post on X, Hougan pointed out that the maturing nature of the crypto market, coupled with rising institutional involvement, is weakening the forces that historically shaped Bitcoin’s […] The post Bitcoin’s four-year cycle loses grip as maturing market reshapes dynamics appeared first on CryptoSlate.

The token has significant support in the $3.87-$3.93 range, with resistance at the $4.11 level.

The market has cooled in the aftermath of “Crypto Week,” with traders now selling the news on key regulatory wins and triggering a shakeout of weak hands. The post XRP Price Prediction: Double Top Pattern Flashes Red – Is the XRP Bull Run Already Over?  appeared first on Cryptonews.

This week, the crypto regulatory landscape was thrown into sharp relief as U.S. lawmakers and agencies issued new frameworks, reversed approvals, and closed long-running investigations. The post Weekly Crypto Regulation News Roundup: GENIUS Act Hits Big Tech, SEC Reverses on ETF appeared first on Cryptonews.

The Democratic Senator criticized crypto industry lobbying, drawing comparisons to legislation implicated in the buildup to the 2008 financial crash.

Bitcoin's price action remains caught in a tug-of-war between bearish and bullish sentiment, with the cryptocurrency now forming a descending triangle pattern that has encountered significant resistance at the trendline. The post Bitcoin Price Prediction: All Eyes on This Descending Triangle Chart Pattern – 100% Move Coming? appeared first on Cryptonews.

JPMorgan to offer crypto loans but faces data protest from crypto industry.