Cointelegraph.com
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Cointelegraph.com - 21:57 Aug 05, 2025
The State of Michigan Retirement System has nearly tripled its Bitcoin ETF holdings, signaling rising institutional confidence in digital assets. Michigan’s state pension fund has significantly increased its exposure to Bitcoin (BTC) via the ARK 21Shares (ARKB) exchange-traded fund, highlighting how ETFs are streamlining access to digital assets for institutional investors. By the end of the second quarter, the State of Michigan Retirement System owned 300,000 ARKB shares, worth $10.737 million, according to regulatory filings with the US Securities and Exchange Commission (SEC). This marks a notable increase from the 110,000 shares it held in the previous year. ARKB is one of the 11 spot Bitcoin ETFs approved by the SEC in January 2024, offering direct exposure to the cryptocurrency. Read more -
Cointelegraph.com - 21:43 Aug 05, 2025
The move follows significant gas fee reductions after the Dencun upgrade, and comes amid intensifying competition across blockchains. Ethereum co-founder Vitalik Buterin and developer Anders Elowsson have introduced EIP-7999, a proposal to streamline Ethereum's transaction fee structure. Released on Tuesday, the proposal seeks to establish a unified multidimensional fee market, allowing users to specify a single aggregate maximum fee for multiple resources. The proposal, if adopted, would eliminate the need to estimate and manage multiple fee components when submitting transactions and let users specify one all-encompassing maximum fee, making paying for transactions simpler and more predictable. Read more -
Cointelegraph.com - 20:07 Aug 05, 2025
If a bill to create a BTC reserves passes in Brazil's House of Representatives, it will require Senate approval before being signed into law or vetoed by the country's president. Brazil’s House of Representatives will hold a hearing on Aug. 20 to discuss a bill proposing the creation of a national Bitcoin reserve in the country. According to the House website, at least six institutions are slated to participate, including the Central Bank of Brazil, the Ministry of Finance, a crypto advocacy association and representatives from fintech companies and the banking sector. The bill, introduced in November 2024, seeks to allow up to 5% of the country's treasury funds to be used to buy Bitcoin, which translates to a potential investment of roughly $15 billion, assuming the central bank’s total reserves of about $300 billion as of February. Read more -
Cointelegraph.com - 19:46 Aug 05, 2025
After failing to retrieve a hard drive with 8,000 BTC, James Howells is turning the lost coins into the basis of a new DeFi project. Twelve years after accidentally throwing away a hard drive containing 8,000 Bitcoin (BTC), James Howells is abandoning his long-running effort to excavate it from a Newport landfill. Instead, he plans to launch a new token inspired by the lost coins. Howells, whose quest included legal battles, drone surveys and a 25-million British pound offer ($33.3 million) to buy the landfill outright, told Cointelegraph he’s shifting focus from physical recovery to a blockchain-backed project. Rather than trying to dig up the stash, he aims to turn the story of the lost Bitcoin into a DeFi token — symbolically “vaulting” what can no longer be accessed. Read more -
Cointelegraph.com - 17:33 Aug 05, 2025
In a new staff statement, the SEC clarifies that certain crypto liquid staking practices do not constitute securities offerings, marking a step toward clearer digital asset regulation. The US Securities and Exchange Commission (SEC) has clarified that certain cryptocurrency liquid staking activities do not constitute securities offerings, a notable step in the agency’s ongoing effort to provide clearer guidance on digital asset regulation. “The statement clarifies the division’s view that, depending on the facts and circumstances, the liquid staking activities covered in the statement do not involve the offer and sale of securities,” the regulator said Tuesday, referring to key sections of the Securities Act of 1933 and the Securities Exchange Act of 1934. In its Staff Statement, the SEC defined liquid staking as the process of staking digital assets through a protocol and receiving a “liquid staking receipt token,” which serves as evidence of the staker’s ownership. Read more -
Cointelegraph.com - 16:26 Aug 05, 2025
Three months into its full Bitcoin mining pivot, Chinese company Cango mined 450 BTC in July. Three months after divesting its auto financing unit to focus on Bitcoin mining, Chinese conglomerate Cango (CANG) has significantly ramped up crypto production, indicating that its acquisition of Bitmain mining rigs is enhancing its capacity amid intensifying industry competition. Cango produced 650.5 Bitcoin (BTC) in July, a sharp increase from 450 BTC in June, according to data from Farside Investors. Farside also noted it has added Cango to its miner dashboard while removing Hut 8 due to a lack of monthly production disclosures. As Cointelegraph reported, Cango mined a combined 954.5 BTC in April and May — the first two months following its full transition into Bitcoin mining. Read more -
Cointelegraph.com - 16:14 Aug 05, 2025
Bitcoin is facing selling near $115,000, but LTC, CRO, ENA and MNT are bucking the trend and showing strength on the charts. Key points: Bitcoin is facing significant selling at $115,000, indicating that bears are trying to take charge. If Bitcoin maintains above $112,000, LTC, CRO, ENA, and MNT could resume their up move. Read more -
Cointelegraph.com - 15:20 Aug 05, 2025
Increased demand for downside protection reflects macro risks, not an imminent Bitcoin price collapse, which could help BTC avoid a trip down to $110,000. Key takeaways: Bitcoin futures premium stays in neutral range despite higher demand for price protection. Global economic uncertainty drives interest in hedging, not direct bets on falling BTC prices. Read more -
Cointelegraph.com - 15:00 Aug 05, 2025
Five years after our last global crypto policy review, America leads a pro-crypto shift while China retreats, and new “sovereign innovators” like El Salvador chart bold paths. Opinion by: Zack Kelman Five years ago, during our last Global Taxonomy of Crypto Policy, global banking insiders at the International Monetary Fund unveiled a strict new regulatory framework as the US president publicly (if skeptically) addressed crypto for the first time. Outsiders began sporadically banning Bitcoin (BTC), and exchanges relocated to offshore experimenters like Malta as crypto became irreversibly intertwined with global politics. Read more -
Cointelegraph.com - 14:39 Aug 05, 2025
Bitcoin lacks upward momentum as eyes fall on old all-time highs near $109,000 — can upside liquidity provide the springboard bulls need? Key points: Bitcoin bulls face multiple resistances as price stays stuck, but some see upside liquidity sparking a short squeeze. BTC price forecasts continue to see lower levels closer to $109,000 in the short term. Read more -
Cointelegraph.com - 14:30 Aug 05, 2025
If ETH can break above $4,200, it will “rip like 2021” says one analyst, but options data indicates a 10% drop for SOL. Trade Secrets. Welcome to Trade Secrets Bitcoin and Ether price predictions from top analysts, along with options data, sentiment analysis and prediction markets to determine what they can tell us about the months and years ahead. XRP is gearing up for a massive 160% surge by the end of 2025, predicts Shubh Varma, co-founder and CEO of Hyblock Capital. Varma tells Magazine that XRP could hit $7.50 by the end of 2025 if the momentum sustains. His forecast comes after XRP reached a year-to-date high of $3.66 on July 18 but fell short of retesting its official all-time high of $3.84 from January 2018. Read more -
Cointelegraph.com - 14:05 Aug 05, 2025
Switzerland’s fully open LLM merges transparency, sustainability and Web3 utility designed for research, DeFi and AI compliance. ETH Zurich and EPFL’s open-weight LLM offers a transparent alternative to black-box AI built on green compute and set for public release. Large language models (LLMs), which are neural networks that predict the next word in a sentence, are powering today’s generative AI. Most remain closed, usable by the public, yet inaccessible for inspection or improvement. This lack of transparency conflicts with Web3’s principles of openness and permissionless innovation. Read more -
Cointelegraph.com - 13:56 Aug 05, 2025
Paying rent in Bitcoin is easy, secure and gaining popularity among tenants. Many cities globally now have tech infrastructure to facilitate Bitcoin payments. Remote workers and digital nomads can now pay rent in Bitcoin across major cities and coastal hubs. Blockchain-powered rental platforms and smart contracts simplify lease management, reduce disputes, and enable secure, near-instant settlements. Tenants and landlords can choose direct or indirect Bitcoin payments, with stablecoins, intermediaries or escrow services helping mitigate volatility and compliance risks. Read more -
Cointelegraph.com - 13:52 Aug 05, 2025
Public markets provide new fundraising avenues for blockchain companies, enabling them to tap into capital from traditional markets. Figure Technology Solutions, a fintech company focused on transforming financial services through blockchain technology, has filed confidentially for an initial public offering (IPO) with the US Securities and Exchange Commission, joining a growing list of crypto-related companies preparing to enter traditional financial markets. Figure Technology submitted a confidential IPO filing with the SEC related to its equity securities offering expected in 2025, the company announced on Monday. The number of shares and the price range have yet to be determined, subject to market conditions and the completion of the SEC’s review process. The IPO filing was made under a new SEC clause that enables confidential filing ahead of a final public offering. Read more -
Cointelegraph.com - 13:36 Aug 05, 2025
SharpLink marches ahead with its Ether strategy, bagging $264 million of ETH, raising its total staked ETH holdings to 521,939 ETH. Digital asset investment firm SharpLink added another haul of Ether to its balance sheet, bringing its overall ETH holdings to almost $2 billion. On Tuesday, the company said it bought 83,562 Ether (ETH) worth $264.5 million at an average price of $3,634. The purchases, made between July 28 and Aug. 3, brought the company’s total ETH holdings to 521,939 ETH, worth $1.91 billion at current market prices. The company said that all of its ETH holdings are staked, allowing it to earn from Ethereum’s native proof-of-stake consensus mechanism. According to SharpLink, its cumulative staking rewards have reached 929 ETH, worth over $3.3 million. Read more -
Cointelegraph.com - 13:29 Aug 05, 2025
Users of Clanker, an AI-powered memecoin generator, have created over 355,000 tokens and earned over $34.4 million in fees amid rising AI agent adoption. Clanker, a decentralized application (DApp) built around an artificial intelligence agent that creates memecoins based on prompts, has generated over $34.4 million in fees, according to blockchain data. According to the “Clanker Fees” Dune data dashboard, the liquidity pool fees earned by Clanker have reached $34,417,863. The daily fees peaked on Nov. 26, 2024, at $1.1 million earned in a single day. Clanker’s official website showed 355,179 live “clankers,” referring to tokens deployed through its AI agent. It also showed an ecosystem market cap of $172.3 million, and that $34.4 million of creator fees were earned through it. Read more -
Cointelegraph.com - 13:19 Aug 05, 2025
With the White House’s latest digital assets report, CCI chief Ji Kim says the US is finally stepping up to claim its place at the front of the global crypto race. A crypto lobby group claims that the US is back on track to lead the cryptocurrency industry after the White House’s latest crypto report called for the nation’s finance regulators to align on digital assets. The report, released last week, marks a possible end to the long-standing turf war between the Securities and Exchange Commission and the Commodity Futures Trading Commission over how to classify and regulate cryptocurrencies. “We’ve had legal precedent — Bitcoin, Ether and many other digital assets are much more akin to commodities,” said Ji Hun Kim, newly appointed CEO of the advocacy group Crypto Council for Innovation, in an exclusive interview with Cointelegraph. Read more -
Cointelegraph.com - 13:02 Aug 05, 2025
Galaxy Digital added over 4,200 BTC in the second quarter, helping the company return to profitability after a $295 million loss in Q1. Galaxy Digital reported a net income of $30.7 million for the second quarter of 2025, reversing the $295 million loss recorded in the previous quarter. The digital asset and infrastructure company cited gains in balance sheet holdings and a strong performance from its global markets division as key drivers of the recovery, according to a Tuesday news release. The quarter ended with Galaxy’s Bitcoin holdings increasing to 17,102 Bitcoin (BTC), valued at $1.95 billion. The company held 13,704 BTC at the end of the first quarter, suggesting that it added 4,272 BTC in Q2, the company disclosed in a financial supplement. Read more -
Cointelegraph.com - 12:27 Aug 05, 2025
With 19 EU member states backing it, the Chat Control proposal could mandate pre-encryption message scanning on apps like WhatsApp and Signal by October. A controversial European Union proposal dubbed “Chat Control” is regaining momentum, with 19 out of 27 EU member states reportedly backing the measure. The plan would mandate that messaging platforms, including WhatsApp, Signal and Telegram, must scan every message, photo and video sent by users starting in October, even if end-to-end encryption is in place, popular French tech blogger Korben wrote on Monday. Denmark reintroduced the proposal on July 1, the first day of its EU Council presidency. France, once opposed, is now in favor, Korben said, citing Patrick Breyer, a former member of the European Parliament for Germany and the European Pirate Party. Read more -
Cointelegraph.com - 11:56 Aug 05, 2025
Coinbase plans to raise over $2 billion in a dual-tranche offering to fund future investments and stock buybacks. Coinbase may become the first company in the S&P 500 index to acquire Bitcoin from the proceeds of a private note offering, signaling further capital migration from traditional markets into digital assets. Coinbase, the world’s third-largest cryptocurrency exchange, announced Tuesday a $2 billion convertible senior note offering for “qualified institutional buyers,” with $1 billion worth of notes due 2029 and $1 billion due 2032. “The notes will be senior, unsecured obligations of Coinbase and will accrue interest payable semi-annually in arrears,” the company said in the filing. The interest rate and conversion terms will be determined upon final pricing. Read more
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