Cointelegraph.com
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Cointelegraph.com - 12:28 Aug 07, 2025
The White House Press Office confirmed to Cointelegraph that President Trump will sign an executive order allowing crypto exposure in US 401(k) retirement plans. US President Donald Trump will sign an executive order opening the door for cryptocurrencies to be included in 401(k) retirement plans, potentially reshaping how Americans invest their savings. The White House Press Office confirmed to Cointelegraph on Thursday that the order directs the US Labor Department to reevaluate restrictions around alternative assets in defined-contribution plans, including digital assets, private equity and real estate. A senior White House official said the order instructs the labor secretary to clarify the department’s stance on alternative assets and provide guidance on fiduciary processes for offering these types of investments in retirement portfolios. Read more -
Cointelegraph.com - 11:36 Aug 07, 2025
Hyperliquid processed $319B in trades last month, accounting for the majority of DeFi perpetual futures volume as decentralized exchanges gain traction. Trading volume on the decentralized exchange Hyperliquid reached a new monthly high in July, setting a record among DeFi perpetual futures platforms as user activity continued to rise. According to DefiLlama data, the platform processed $319 billion in trades during the month — the highest monthly volume ever recorded in the DeFi perpetual futures space. Hyperliquid’s record is a sign of more traders using decentralized exchanges, which are starting to cut into the market share of centralized cryptocurrency exchanges (CEXs). Read more -
Cointelegraph.com - 11:06 Aug 07, 2025
XRP may stay structurally weak unless whale wallets see daily inflows above 5 million tokens, one analyst warned. Key takeaways: In the past month, XRP whales have offloaded 640 million tokens, or $1.91 billion. Bearish divergence on the chart hints at weakening momentum. Read more -
Cointelegraph.com - 10:26 Aug 07, 2025
Build on Bitcoin raised $21 million to unlock native BTC DeFi with a new bridge, hybrid layer-2 infrastructure and institutional investor backing. Layer-2 blockchain network Build on Bitcoin (BOB) has raised $21 million in strategic funding rounds since December 2024, with $9.5 million secured in its latest round, according to a news release sent to Cointelegraph. Many existing investors have increased their financial commitments in the latest $9.5 million strategic round, including Castle Island, along with new strategic investors Anchorage, Amber Group and sats Ventures. Nic Carter, founding partner of Castle Island, told Cointelegraph why they have decided to double down on their investment: Read more -
Cointelegraph.com - 09:20 Aug 07, 2025
Scammers used Google Ads to impersonate Aave investment platforms in an attempt to trick users into linking wallets to malicious sites. Soon after decentralized liquidity protocol Aave announced it had surpassed $60 billion in net deposits, scammers launched a phishing campaign targeting its users through Google Ads, according to security researchers. On Wednesday, Aave said that it had become the first decentralized finance (DeFi) protocol to accumulate $60 billion in net deposits across 14 networks. According to Token Terminal data, Aave’s net deposits have more than tripled in the past year from about $18 billion in August 2024. A day later, on Thursday, blockchain investigation firm PeckShield alerted the crypto community to an ongoing phishing attack targeting Aave (AAVE) investors. Scammers had posted phishing links to fake Aave investment platforms via the Google Ads service. Read more -
Cointelegraph.com - 09:09 Aug 07, 2025
Bitcoin price analysis looked to last November for clues as to how high BTC might go if recent bull market history repeats. Key points: Bitcoin is attempting a support retest that looks very similar to late 2024, trader Galaxy said. Last time, BTC price action went from $70,000 to $108,000 after a successful retest. Read more -
Cointelegraph.com - 09:08 Aug 07, 2025
A VARA spokesperson told Cointelegraph that while mutual license recognition is a feature, it does not mean automatic passporting to different emirates. The United Arab Emirates (UAE) took a significant step toward harmonizing its approach to crypto regulation. The country’s Securities and Commodities Authority (SCA) and the Dubai Virtual Assets Regulatory Authority (VARA) announced a strategic partnership to unify the UAE’s approach to crypto regulations. Last September, the regulators expressed their intention to work together toward unifying crypto frameworks in the country. One feature of the partnership is that it will allow Dubai-based licenses to service the entire UAE, according to a Wednesday announcement shared with Cointelegraph. A VARA spokesperson told Cointelegraph that the latest development formalizes the agreement between the two regulators and “operationalises that intent” with concrete mechanisms. Read more -
Cointelegraph.com - 00:52 Aug 07, 2025
Shares in IREN Ltd closed trading on Wednesday up 11.4% after it reported mining more Bitcoin than MARA Holdings in July. Shares in IREN Ltd popped 11.4% after the Bitcoin miner posted $86 million in revenue for July, outperforming industry heavyweight MARA Holdings in Bitcoin production. On Wednesday, IREN reported mining 728 Bitcoin (BTC) in July, beating MARA’s 703 BTC mined over the same period despite having a smaller deployed hashrate — 50 exahashes per second (EH/s) compared to MARA’s 58.9 EH/s. IREN reported an average hashrate over July of 45.4 EH/s, signalling that a majority of its machines stayed online and productive throughout the month. Read more -
Cointelegraph.com - 21:53 Aug 06, 2025
Circle’s USDC accounted for 63% of salaries paid in crypto in 2024, outpacing USDt despite its trading dominance, according to Pantera’s global compensation survey. The number of crypto professionals receiving salaries in digital assets has tripled over the past year, with 9.6% now paid in stablecoins, according to a report by venture capital company Pantera Capital. Based on over 1,600 responses from crypto professionals across 77 countries, the report points to a shift toward blockchain-native payroll systems and growing institutional trust in dollar-backed assets, like USDC Coin (USDC) and USDt (USDT). Circle’s USDC led the way, accounting for 63% of all crypto payrolls, despite Tether’s USDt being the most traded stablecoin by volume worldwide. Read more -
Cointelegraph.com - 21:03 Aug 06, 2025
Roman Storm's trial verdict leaves the door open for US prosecutors to retry the Tornado Cash developer, attorneys said. The US government can still retry Tornado Cash developer Roman Storm on counts of money laundering and violating sanctions due to a hung jury, according to attorneys. “The Department of Justice (DOJ) will decide in the coming days if it wants to retry those charges in a new trial,” Jake Chervinsky, chief legal officer at venture capital firm Variant Fund, wrote on X. Storm was convicted on one felony count for his involvement with Tornado Cash on Wednesday. The jury found him guilty of conspiracy to operate an unlicensed money transmitting business. Read more -
Cointelegraph.com - 19:30 Aug 06, 2025
Bitcoin benefits from a weaker dollar, but credit market signals warn of possible investor caution that could prevent the bulls from making a run at $120,000. Key takeaways: Dollar weakness alone may not be enough for Bitcoin to reclaim $120K. Ongoing global trade tensions add uncertainty to Bitcoin’s short-term price outlook. Read more -
Cointelegraph.com - 19:07 Aug 06, 2025
Nomura’s crypto arm gains regulatory green light in Dubai to offer institutional OTC crypto options, expanding the UAE’s footprint in global digital derivatives. Laser Digital, the digital asset subsidiary of Japan’s investment bank Nomura, has become the first company licensed under Dubai’s Virtual Asset Regulatory Authority (VARA) pilot framework to offer regulated over-the-counter (OTC) crypto options. The “limited license” will allow Laser Digital to offer OTC crypto options to institutional clients under strict oversight, the company said Wednesday. OTC desks allow institutions to trade large volumes of digital assets directly with counterparties, minimizing slippage and enabling more flexible pricing. These desks are typically used by hedge funds, asset managers, trading firms and other high-volume and institutional clients. Read more -
Cointelegraph.com - 18:24 Aug 06, 2025
The deal marks Bakkt’s latest pivot toward becoming a crypto treasury company, with a 30% stake in Tokyo-listed Marusho Hotta and plans to rebrand it as bitcoin.jp. Digital asset custodian and trading company Bakkt is finalizing a minority acquisition of Japanese company Marusho Hotta, marking a strategic step in its transformation into a crypto treasury business backed by Bitcoin and other digital assets. As part of the deal, Bakkt announced plans to acquire a 30% stake in Marusho Hotta, a publicly listed company that manufactures specialty yarns for domestic and international markets. The company will be renamed “bitcoin.jp,” signaling a likely pivot toward operating as a Bitcoin (BTC) treasury vehicle. Marusho Hotta trades under the ticker symbol 8105 on the Tokyo Stock Exchange. Its stock surged more than 36% on Wednesday, likely in response to the acquisition news. Read more -
Cointelegraph.com - 17:59 Aug 06, 2025
The deal was announced in response to the White House’s recent policy strategy to make the United States the AI capital of the world. US President Donald Trump’s administration has signed a deal with OpenAI to provide the enterprise-level version of the ChatGPT platform to all federal agencies in an effort to “modernize” operations. Under the deal, all US government agencies will have access to the AI platform for $1 per agency to facilitate integration of AI into workflow operations, according to a Wednesday announcement from the US General Services Administration (GSA). The GSA, which is the US government’s procurement office, said the private-public partnership “directly supports” the White House’s AI Action Plan, a three-pillar strategy to establish US leadership in AI development recently disclosed by the admnistration. Read more -
Cointelegraph.com - 17:08 Aug 06, 2025
With a sentencing hearing scheduled in a matter of weeks, Roman Storm is potentially looking at five years in jail for running an unlicensed money transmitting service. A Manhattan jury found Tornado Cash co-founder and developer Roman Storm guilty of charges related to conspiracy to run an unlicensed money business. In a Wednesday decision in the US District Court for the Southern District of New York (SDNY), Storm was found guilty of one felony charge related to his role at Tornado Cash, according to court reports from Inner City Press. The jury convicted Roman on conspiracy to run an unlicensed money transmittal business, which carries a maximum sentence of up to five years in prison. No unanimity was reached on charges of conspiracy to commit money laundering nor on conspiracy to violate North Korea sanctions. Read more -
Cointelegraph.com - 16:01 Aug 06, 2025
Bitcoin’s tight consolidation and Ether’s shallow pullback suggest a directional move could be around the corner. Key points: Bitcoin is trading in a tight range, indicating a possible breakout in the next few days. Buyers have not ceded much ground to the bears in Ether, suggesting the continuation of the rally. Read more -
Cointelegraph.com - 15:30 Aug 06, 2025
XRP price faces mounting pressure as whales exit, and $2.65 emerges as the line between recovery and a bigger correction. Key takeaways: After dropping 19% in three weeks, XRP faces strong resistance at $3.10-$3.00, with key support at $2.65. Whales have offloaded over 640 million XRP tokens since July 9. Read more -
Cointelegraph.com - 15:15 Aug 06, 2025
Judge issues Allen charge after jury deadlocks in Tornado Cash trial, keeping the case alive as questions mount over crypto developer liability. After four days of deliberations, jurors in the Roman Storm trial told the court they remain deadlocked on some charges, prompting the use of an Allen charge to encourage further discussion. An Allen charge, sometimes called a “dynamite charge,” is a special instruction a judge gives to a deadlocked jury, urging them to re-examine their positions and attempt to reach a unanimous verdict. According to court reports on Wednesday by Inner City Press, Storm’s lawyer Brian Klein opposed the charge, arguing that the jury had made it clear a unanimous verdict was unlikely and instead urged the court to consider accepting a partial verdict. Read more -
Cointelegraph.com - 15:00 Aug 06, 2025
Initial DEX offerings have strayed from their retail-first promise, becoming dominated by institutions and high barriers to entry. IDOs could reclaim their promise. Opinion by: Hatu Sheikh, founder of Coin Terminal Crypto has largely failed retail investors. Insiders and institutions scoop up lucrative opportunities before they hit the open markets. Memecoins and purely speculative plays are the only ways for retail investors to reclaim their stake in the pie. They remain exposed to a “crime supercycle” that began with unregulated initial coin offerings (ICOs) in 2017-18. At the time, initial DEX offerings (IDOs) emerged to provide retail investors with open, fair access to early-stage projects. Gradually, though, high threshold requirements, long vesting periods and information asymmetry put most IDOs off-limits for retail investors. Read more -
Cointelegraph.com - 14:35 Aug 06, 2025
A German man is facing a US federal lawsuit after allegedly using a Coinbase‑like domain name to earn affiliate commissions and pose phishing risks. Coinbase, one of the world’s most prominent cryptocurrency exchanges, has sued Tobias Honscha, a German national, in a US federal court, accusing him of misusing the domain name “coinbase.de.” The company alleges that Honscha engaged in cybersquatting, violated affiliate program rules and posed significant phishing risks by operating email services from the domain. Read more
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