Crypto

The surging borrowing rates in the Ethereum network may send “ripple effects across the Ethereum ecosystem,” says a crypto researcher. Ether may be heading for an unstable period in the near term, as the cost of borrowing wrapped Ether has spiked and technical indicators point to overvaluation, according to a crypto analyst.  “We believe Ethereum is looking vulnerable in the near term,” 10x Research head of research Markus Thielen told Cointelegraph on Wednesday. “The market is entering a quieter summer stretch — particularly in the US during August — while technical indicators remain deeply overbought.” Read more

Regulatory clarity is opening the door for banks, asset managers, and crypto firms to roll out new stablecoin products. The ink on the GENIUS Act is barely dry, but its ripple effects are already visible across the crypto industry. In just seven days, the sector added nearly $4 billion, pushing the stablecoin market cap above $264 billion and fueling corporate interest in related ventures. The surge is no surprise. The landmark legislation provides banks, asset managers, and other institutional investors with a federal framework for fiat-backed stablecoins without the looming threat of enforcement actions by the Securities and Exchange Commission (SEC). With regulatory clarity comes new capital, new players, and intensified competition. Signs of this shift had already emerged even before the GENIUS Act was enacted. Read more

BlackRock's iShares Ethereum Trust has reached $10 billion, faster than all but two funds in the ETF industry's 32-year history.

A senior Russian lawmaker says the number of crypto miners signed up to the Federal Tax Service’s register has risen tenfold in the past six months. The post Russia Reports x10 Rise In Registered Crypto Mining Firms appeared first on Cryptonews.

Cognition is seeking to achieve a jaw-dropping $10B valuation as investors race to back the next big thing. Can its “autonomous coder” be it?

WOO X suffered an authorized breach on July 24, resulting in the theft of roughly $14 million in crypto. The exchange said it is investigating the “contained incident” and revealed that the breach resulted in unauthorized withdrawals from nine user accounts. The exchange has paused withdrawals as a precaution. It added in its statement that it […] The post WOO X suffers $14 million breach affecting 9 users, halts withdrawals appeared first on CryptoSlate.

Forget OpenAI stock — Solana apps are tokenizing Pokemon cards. Hong Kong warns stablecoin hopefuls to prep for disappointment. Asia Express The tokenization of physical collectibles is quietly gaining momentum, with Pokmon cards based on the globally popular Japanese gaming and anime franchise emerging as a standout use case. On Solana, a new wave of platforms is turning real-world assets (RWAs) like Pokmon cards into non-fungible tokens (NFTs). One of the leading platforms in this niche is Collector Crypt, which has processed nearly $95 million in total volume in under a year, according to a Dune Analytics dashboard by X user zKayAPE. The platform specializes in tokenizing Pokmon cards into NFTs, each of which is claimed to be redeemable for its physical counterpart. Much of the activity is driven by its digital gacha feature, inspired by Japans capsule-toy vending machines, where users test their luck by trading a fixed amount of money for randomized items. These platforms function like onchain versions of...

Claude predicts that the crypto upswing has extended beyond Bitcoin, which has broken $122.8K, suggesting several altcoins could set fresh highs by late 2025. XRP has been projected to reach $20, SHIB has been eyed near $0.0001, and Pi Network could approach $100 if present adoption trends hold. The post Leading AI Claude Predicts the Price of XRP, Shiba Inu and Pi Coin by the End of 2025 appeared first on Cryptonews.

Crypto price prediction today covers Bitcoin’s record $122,838 surge and 3.5% pullback that has softened the market RSI. XRP’s $3.65 milestone, Solana’s bounce near $200, and Dogecoin’s 31% weekly rise have sustained optimism as traders watch correction zones and chart targets for Q3 highs. The post Crypto Price Prediction Today 24 July – XRP, Solana, Dogecoin appeared first on Cryptonews.

This is the third lay-off that has been carried out over the past 2 years.

A coalition of crypto, fintech, and retail trade groups has urged President Donald Trump to take a firm stance in defending the nation’s open banking framework, warning that legal challenges by major banks threaten consumer data rights and could derail the administration’s innovation agenda. In a July 23 letter, the Financial Technology Association, Blockchain Association, […] The post Crypto, fintech lobbies urge Trump to defend open banking amid big banks’ legal challenge appeared first on CryptoSlate.

Investors were recently shorting ETH but now they're enthusiastic about the digital coin, said Galaxy CEO Mike Novogratz.

Ji Hun Kim became acting CEO of the Crypto Council for Innovation in December 2024 after the departure of Sheila Warren. Ji Hun Kim, a lawyer who previously worked at cryptocurrency exchanges Gemini and Kraken, has been appointed permanent CEO of the Crypto Council for Innovation (CCI), after serving in the role in an interim capacity. In a Thursday notice, the CCI said its board of directors had appointed Kim as CEO after serving as president and acting CEO since January. He previously worked as the organization’s chief legal and policy officer after three years at Gemini and less than a year at Kraken. “This is a pivotal moment of evolution for our industry, one that requires serious, informed engagement,” said Kim. “I look forward to continuing to build an institution that serves as a bridge between technology and public policy, grounded in facts, trust, and respect around the world.” Read more

Arbitrageurs who exploit price discrepancies between centralized and decentralized crypto exchanges are harming network decentralization, new research finds. Maximal-extractable value (MEV) on the Ethereum network is becoming increasingly centralized, with arbitrageurs tightening their grip on transaction ordering. According to a recent research paper, these arbitrageurs, called “searchers” in the paper, are increasingly in-house or have exclusive contracts with maximal extractable value builders, who are responsible for block construction on the Ethereum network. MEV refers to the profit that blockchain validators or other participants can earn by reordering transactions within a block before it’s finalized. On Ethereum, MEV often involves strategies like arbitrage, front-running, or sandwich attacks, where traders exploit price differences to maximize gains. Read more

XRP is flying high, but activity on the Ripple-linked XRP Ledger points to a clear shift in user activity, according to analysis.

NYC Crypto suspects William Duplessie and John Woeltz have secured $1 million bail while the court reviews claims they bound, shocked, and threatened a 28-year-old SoHo man to seize his Bitcoin. Mayor Eric Adams’ detail faces scrutiny after two officers allegedly drove the victim to the townhouse. The post NYC Crypto Torture Case Suspects Granted Million Dollar Bail appeared first on Cryptonews.

The Shiba Inu price has plunged by 7.5% in the past 24 hours, but is its burn rate about to help it climb to new highs? The post Shiba Inu Price Prediction: Burn Rate Surges 6,500% in 24 Hours – SHIB Preparing for a 5x Rally appeared first on Cryptonews.

GameSquare, a digital media company with an Ethereum treasury strategy, is borrowing stablecoins against its newly acquired CryptoPunk NFT.

Michael Saylor's Strategy has expanded its Stretch preferred stock offering to $2B, cutting the issue price to $90 amid heightened demand. The firm has stated proceeds will fund further Bitcoin purchases, even as a Delaware suit has contested recent share amendments. The post Michael Saylor’s Strategy Boosts Bitcoin War Chest With $2B Raise – Bloomberg appeared first on Cryptonews.

Bitcoin may face a short-term dip as a bearish divergence, CME gap, and a high IBCI reading point to downside below $115,000. Key takeaways: A hidden bearish divergence on the RSI hints at weakening bullish momentum for Bitcoin. A CME gap between $114,000–$115,000 could act as a magnet.  Read more