China’s Chang’an blockchain hits 100K TPS — but don’t mention “crypto”, Japan’s Minna Bank looks to issue stablecoins on Solana, Asia Express Beijings state media is rallying behind Changan Chain, a homegrown blockchain infrastructure hailed as a solution to Chinas root problem of digital sovereignty. A profile on Qianlong.com credits researcher Dong Jin and his team for building a fully open-source and state-backed blockchain stack now powering national digital projects. Though little-known outside China, Changan Chain has gone through 21 iterations over six years and now claims to handle over 100,000 transactions per second a benchmark often cited by next-generation blockchains aiming to match the scale of traditional financial networks. It is reportedly being used in Chinas nationwide real estate registration system and by companies to digitize supply contracts, allowing banks to verify supplier relationships and accelerate loan approvals. Read more
SUI broke out of an inverse head-and-shoulders pattern, opening the door for a rally to $3.89. Key points: SUI broke above a bullish pattern, opening the gates for a potential rally to $3.89. Bitcoin (BTC) surged to a new all-time high on Thursday, and the bullish sentiment has rubbed off on select altcoins. One such altcoin is Sui (SUI), which rallied 11.3% to $3.41. Read more
Jonathan Gould will return to the OCC as Comptroller of the Currency to serve a five-year term following his nomination by US President Donald Trump. Jonathan Gould, who previously worked as the chief legal officer of blockchain infrastructure company Bitfury, has been confirmed as the head of the US Office of the Comptroller of the Currency (OCC) following a Senate vote. In a 50-45 vote in the US Senate on Thursday, a majority of lawmakers voted to confirm Gould to head the banking regulator. In addition to his work at Bitfury, Gould is a partner at the Cleveland-based law firm Jones Day and served as the OCC’s senior deputy comptroller and chief counsel from 2018 to 2021. Gould’s nomination was the latest from US President Donald Trump to be addressed by the Senate since the president took office in January. The chamber has previously voted to confirm Trump’s pick to head the US Securities and Exchange Commission, Paul Atkins, and is expected to take up a vote for Brian Quintenz to chair the Commodity Futur...
Nicholas Truglia was initially sentenced to 18 months behind bars for carrying out SIM-swapping attacks against crypto investors. Nicholas Truglia, a crypto scammer convicted in 2022 and initially sentenced to 18 months in prison, had his sentence extended to 12 years on Thursday for failure to pay back a victim he targeted in 2018. Truglia failed to pay over $20 million in restitution to crypto investor and CEO of the public relations company Transform Group, Michael Terpin, according to Bloomberg. “At sentencing, Mr. Truglia demonstrated a willingness to repay his victim the entire amount stolen,” Judge Alvin Hellerstein wrote in a July 2 order. The order also read: Read more
Ether price rallied to $3,000, but the key components needed to hold the level are still missing. Key takeaways: ETH futures and options markets show hesitation despite spot ETF inflows and rising TVL figures. Layer-2 growth and lower fees haven’t translated to increased demand for ETH or sustained price momentum. Read more
Ignoring the reduced customer acquisition costs made possible by AI places businesses at a significant disadvantage, O'Leary said. Artificial intelligence significantly reduces the cost of new customer acquisition, and any company neglecting AI is not a worthwhile investment, according to investor and television personality Kevin O’Leary. In an interview with Cointelegraph, O’Leary said that new-customer acquisition, which is primarily done through content creation and multimedia marketing, has been “the highest cost increase in the last 36 months.” “When you look at the cost of creation of that content, it has more than quadrupled. In some cases, it’s 10x,” he said before adding that AI has reduced content production costs by 60%. Read more