Cointelegraph.com
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Cointelegraph.com - 22:12 Aug 07, 2025
Ripple Labs and the SEC have both filed to drop their legal appeals in a yearslong court battle over the securities classification of the XRP token. The Securities and Exchange Commission and Ripple Labs are set to end a yearslong legal battle after jointly asking an appeals court to dismiss the regulator’s appeal and the blockchain company’s cross-appeal. In a brief filing on Thursday, the Second Circuit Appeals Court recognized a joint dismissal of the SEC’s appeal and Ripple’s cross-appeal in the lawsuit over XRP (XRP), noting each party will bear their own costs and fees. “Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals,” Ripple’s chief legal officer, Stuart Alderoty, wrote to X on Thursday. Read more -
Cointelegraph.com - 21:55 Aug 07, 2025
From teaching himself how to code to working odd jobs in the United States after emigrating, Roman Storm’s story is anything but typical. Roman Storm, the Tornado Cash co-founder and developer, found an interest in computer software at a young age after his parents bought him a personal computer. Now, at 36 years old, he holds a guilty verdict for operating an unlicensed money-transmitting business, issued by a jury on Wednesday. He remains in limbo as prosecutors could still retry him on two additional felony counts: conspiracy to commit money laundering and conspiracy to violate US sanctions. Storm has always been drawn to “the more technical side of things,” he said on a podcast in early July, just before his trial began in a New York district court. He spent time playing video games and teaching himself how computer programs and software worked. Read more -
Cointelegraph.com - 21:40 Aug 07, 2025
The brothers invested an undisclosed amount in American Bitcoin, the mining company co-founded by two of Trump's sons and others. Cameron and Tyler Winklevoss, the co-founders of cryptocurrency exchange Gemini, have reportedly invested in American Bitcoin, the mining company tied to the US President Donald Trump’s family. According to a Thursday Bloomberg report citing Hut 8 CEO Asher Genoot, the Winklevoss twins invested an unknown amount in American Bitcoin, the mining company co-founded by Donald Trump Jr., Eric Trump, and others. The company said in May that it was planning to go public through a merger with Gryphon Digital Mining. The reported investment was the latest connection between the Gemini co-founders and the the Trump family, including a $2-million contribution to Trump’s 2024 campaign, attending inauguration events, and participating in a March White House crypto summit. Read more -
Cointelegraph.com - 21:19 Aug 07, 2025
The SEC staff guidance on liquid staking could be a boon for institutions that want to include the technology in products, but there’s still uncertainty. The US Securities and Exchange Commission’s latest comments on liquid staking have sparked a mix of optimism and concern, highlighting the regulatory gray area surrounding one of crypto’s fastest-growing sectors. While some in the industry see the nonbinding guidance as a step forward for institutional and retail adoption, others warn it leaves key legal questions unresolved and could face challenges down the line. “First, these guidelines are not law… and they could be contested at some point,” Scott Gralnick, head of institutional staking at Marinade, told Cointelegraph. Read more -
Cointelegraph.com - 20:43 Aug 07, 2025
The shareholder letter by Two Seas Capital says the buyout offer undervalues Core Scientific's business. Two Seas Capital, the largest active shareholder of Bitcoin mining company Core Scientific, announced its intention to vote against the buyout offer proposed by AI infrastructure company CoreWeave. The investment company holds a 6.5% stake in Core Scientific and said the $9 billion valuation deal, finalized in July, undervalues the business. The shareholders wrote on Thursday: The fact that Core Scientific's stock price declined by 30% in the days following the transaction announcement strongly suggests to us that other investors agree,” the letter reads. Read more -
Cointelegraph.com - 19:40 Aug 07, 2025
Federal Reserve Board of Governors member Adriana Kugler announced her resignation on Aug. 1, paving the way for a Trump nominee at the US central bank. Update (Aug. 7 at 8:33 pm UTC): This article has been updated to reflect that Donald Trump said he would nominate Stephen Miran to the Federal Reserve Board. US President Donald Trump said he would nominate Stephen Miran, chair of the Council of Economic Advisors, to temporarily replace Federal Reserve Board of Governors member Adriana Kugler after her resignation becomes effective on Friday. In a Friday social media post, Trump said Miran would serve at the Fed until Jan. 31, 2026, as the White House will “continue to search for a permanent replacement.” The president had reportedly been weighing economic adviser Kevin Hassett, former Fed governor Kevin Warsh and two other people to replace Kugler by the end of the week. Read more -
Cointelegraph.com - 18:20 Aug 07, 2025
Union Jack Oil’s new Bitcoin mining plan could turn stalled gas wells into early cash flow, potentially paving the way for one of the UK’s first corporate Bitcoin treasuries. Union Jack Oil, a publicly traded UK energy company, has announced plans to convert natural gas from its West Newton site into electricity to power Bitcoin mining, marking what could become one of the country’s first “oil-to-crypto” monetization projects. The move could generate early cash flow from wells that would otherwise remain undeveloped, the company said on Thursday in an operations report. The project is being pursued in partnership with Rathlin Energy and Texas-based 360 Energy, which specializes in turning stranded or flared gas into power for on-site data centers. Read more -
Cointelegraph.com - 17:45 Aug 07, 2025
Built with Provenance Blockchain, NUVA offers institutional-grade tokenized assets like stablecoin securities and HELOCs. Web3 company Animoca Brands has launched a new marketplace for investors to access tokenized real-world assets (RWAs), fixing what its CEO calls a “fragmented” tokenization marketplace at a time of growing institutional interest in the technology. The new platform, called NUVA, was developed in partnership with ProvLabs, the organization behind the Provenance Blockchain, according to a joint announcement on Thursday. The NUVA marketplace will leverage Provenance Blockchain’s existing ecosystem of RWAs, which currently holds assets valued at approximately $15.7 billion. Read more -
Cointelegraph.com - 17:16 Aug 07, 2025
Trump’s executive order comes as a group of bank associations are trying to block bank applications from four digital asset firms. US President Donald Trump is set to sign an executive order on Thursday instructing federal bank regulators to identify and fine financial institutions that engaged in “debanking.” According to Bloomberg on Thursday, citing a senior White House official, regulators will be required to review complaint data, while financial institutions under the purview of the Small Business Administration will be asked to make efforts to reinstate clients who were unlawfully denied banking services. Debanking has been a key concern among some political groups, who argue that businesses such as gun manufacturers and fossil fuel companies have been denied banking services for idealogical reasons. Read more -
Cointelegraph.com - 15:00 Aug 07, 2025
With crypto scams hitting $9.9 billion in 2024 and 90% of UK crypto apps failing AML checks, the industry needs data sharing to combat fraud. Opinion by: Mike Haley, CEO of Cifas While the crypto industry is revolutionizing the world of finance, there’s an underlying reality bubbling beneath the surface. Hitting record levels, cryptocurrency scams reportedly accounted for $9.9 billion in 2024 — with 2025’s forecast making for even bleaker reading. Whether in the form of “old wine in new bottles” frauds — such as Ponzi and pump-and-dump schemes or new crypto-specific fraud typologies like address poisoning — the global fraud epidemic is hitting the industry hard and undermining consumer confidence. Read more -
Cointelegraph.com - 14:59 Aug 07, 2025
Bitcoin bounces back as traders highlight the next BTC price targets and resistance levels — can bulls take control? Key points: Bitcoin bulls keep momentum intact at the Wall Street open, with $117,000 and higher on the radar. Order-book liquidity shows shorts getting liquidated, with fresh liquidity being added higher. Read more -
Cointelegraph.com - 14:53 Aug 07, 2025
The New York Department of Financial Services (NYDFS) said the fine was due to a lack of anti-money laundering oversight. Update Aug. 7, 21:06 UTC: This article has been updated to add a response from Paxos. The New York Department of Financial Services (NYDFS) reached a $48.5 million settlement with crypto infrastructure company Paxos over its partnership with Binance and alleged failure to uphold sufficient anti-money laundering provisions. Paxos agreed to pay New York state a $26.5 million penalty and will spend an additional $22 million to overhaul its compliance program, according to Thursday’s announcement. Read more -
Cointelegraph.com - 14:35 Aug 07, 2025
In 2025, cloud mining and crypto staking offer distinct passive income paths. In 2025, cloud mining and crypto staking are often mentioned in the same sentence when talking about passive crypto income, yet they represent two very different paths to earning. Cloud mining involves renting remote Bitcoin mining hardware, while staking means locking tokens to validate proof‑of‑stake networks. On trusted platforms like ECOS or MiningToken, cloud mining ROI in 2025 averages 5%-10% APR, though riskier schemes (especially XRP‑linked) still dangle unrealistic promises of 100%-800% APR. Read more -
Cointelegraph.com - 14:30 Aug 07, 2025
Fifty-one days in and Spencer’s attempts to engineer a turnaround for Moonbirds has already seen the floor price quadruple to 2.36 ETH. Moonbirds are back. The once maligned project that still ranks in the top 10 for all-time trade volume at 356,000 ETH has skyrocketed back up the NFT charts to 2.36 ETH, quadrupling its floor price in the past month. But its definitely spent some time in the wilderness due to multiple ownership changes, directionless plans and waning community sentiment. The NFT project had one of the most highly anticipated mints ever in April 2022, and with prices once again soaring and momentum building, much of the renewed optimism centers around one name: Spencer. Known simply as Spencer on X, the new owner of Moonbirds is no stranger to NFTs hes a prolific collector and head of Spencer Ventures, an institutional-grade NFT fund. Read more -
Cointelegraph.com - 14:22 Aug 07, 2025
Ripple has acquired Rail to offer stablecoin payment services, with plans to integrate RLUSD, banking partners and compliance tools across global markets. Ripple announced Thursday that it will acquire stablecoin-powered payments platform Rail for $200 million, with the deal expected to close in the fourth quarter of 2025. The company said the move aims to expand its enterprise-grade digital asset infrastructure and “deliver the most comprehensive stablecoin payments solution available in the market.” Ripple expects the acquisition to enable it to offer stablecoin on- and off-ramps without requiring customers to hold cryptocurrency, and to facilitate customers in managing multiple payment types on behalf of themselves and their internal treasury flows. Read more -
Cointelegraph.com - 14:00 Aug 07, 2025
The latest “Clear Crypto Podcast” unpacks how blockchain helps solve critical challenges in agriculture, from supply chain transparency to land ownership and food waste. Blockchain and agriculture might seem like strange bedfellows, but as Yana Leonova explains on Episode 19 of “The Clear Crypto Podcast,” the pairing has the potential to address some of humanity’s most pressing challenges — from food waste to land disputes. “Agriculture can be a great example of how blockchain can benefit the planet, sustainability and each and every one of us,” Leonova said, and she’s not speaking hypothetically. Her PhD in agricultural economics and her work in Dubai’s innovation ecosystem place her at the intersection of blockchain and real-world impact. Read more -
Cointelegraph.com - 13:23 Aug 07, 2025
Ether outpaces Solana and Bitcoin in capital inflows and futures dominance, with $4,000 retest in the cards. Key takeaways: Capital rotation favors Ether as “Hot Capital Ratio” hits a yearly low for Solana. ETH futures dominance grows with open interest hitting $58 billion. Read more -
Cointelegraph.com - 13:07 Aug 07, 2025
The European Banking Authority completed draft rules requiring banks to assign a 1,250% risk weight to unbacked cryptocurrencies like Bitcoin and Ether. The European Banking Authority (EBA) has finalized draft rules requiring banks to hold significantly more capital against so-called “unbacked” cryptocurrencies like Bitcoin and Ether. In its final draft of regulatory technical standards released on Tuesday, the EBA said the rules aim to “address implementation aspects and will ensure harmonisation of the capital requirements on crypto-asset exposures by institutions across the EU.” The framework applies to European Union-based banks holding crypto assets on their balance sheets. Once the final draft goes to the European Commission, Brussels will have up to three months to decide whether to endorse it as is or with amendments, or send it back for redrafting. After endorsement, the bill would become a delegated regulation and be forwarded to the European Parliament and the Council, with a three-month objection ... -
Cointelegraph.com - 13:00 Aug 07, 2025
Bitcoin DeFi is seeing more venture capital interest as institutional investors flock to Bitcoin and its increasing yield-bearing capabilities. Bitcoin’s decentralized finance (DeFi) ecosystem is experiencing renewed venture capital (VC) interest, signaling more demand for the world’s first cryptocurrency as it gains utility as a yield-bearing asset. Bitcoin DeFi, or BTCFi, is a technological paradigm that seeks to bring decentralized finance capabilities to Bitcoin’s base layer. According to a new report from Bitcoin DeFi infrastructure provider Maestro, shared with Cointelegraph, the BTCFi ecosystem received $175 million worth of VC funding across 32 rounds in the first half of 2025, with increasingly more capital flowing into consumer apps and demand-driven products. Read more -
Cointelegraph.com - 12:56 Aug 07, 2025
A joint report due on Aug. 15 may lead to the conclusion of the nearly five-year legal dispute between the SEC and Ripple Labs. XRP, the world’s third-largest cryptocurrency by market cap, rose past $3 for the first time in over a week amid speculation that the US Securities and Exchange Commission (SEC) may drop its long-standing case against Ripple Labs. The XRP (XRP) token recovered above the $3 psychological mark on Thursday after rising more than 4.5% in 24 hours, Cointelegraph data showed. Investor confidence was buoyed by regulatory clarity and growing expectations of a dismissal of the SEC’s appeal. Read more
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