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If the crypto market were a country, it would be the seventh-biggest in GDP terms behind the United States, China, Germany, Japan, India and the United Kingdom. Key takeaways: Crypto market cap hit $3.8 trillion on Monday, almost as big the UK's GDP. One TOTAL index flashes a “buy” signal while a classic chart pattern hints at $4.45 trillion target. Read more
KindlyMD raised $51.5 million in just 72 hours to fuel its transformation into a Bitcoin-first public company. Nasdaq-listed KindlyMD secured capital to accelerate its pivot to a Bitcoin-focused public company. In June 2025, KindlyMD Inc. (Nasdaq: KDLY) raised $51.5 million through a PIPE (Private Investment in Public Equity) transaction, and did it in just 72 hours. The round was tied to the company’s pending merger with Nakamoto Holdings, a Bitcoin-native firm led by David Bailey, who is also CEO of BTC Inc., the company behind Bitcoin (BTC) Magazine. Read more
Bitcoin is overdue a support retest, and order-book liquidity points to a trip below $119,000 next — will the market punish late buyers? Key points: Bitcoin surfs exchange order-book liquidity as huge gains plateau at around $120,000. Bid support suggests a return below $119,000 next as part of an anticipated retest. Read more
Wall Street 3.0 replaces legacy systems and gatekeepers with tokenized equity, global inclusion and real-time trading, ushering in a new era of financial democratization and efficiency. Opinion by: Koshiek Karan, founder of BankerX A seismic shift is underway: suits are giving way to smart contracts, trading floors to token pools and bankers to builders. Just as the internet democratized access to information, blockchain is set to decentralize ownership and redistribute financial power. Read more
Crypto exchanges listed the TRUMP memecoin four days after its launch on average, compared to 129 days for other major memecoins, Reuters found. US President Donald Trump’s cryptocurrency venture, the Official Trump (TRUMP) memecoin, has generated multimillion-dollar gains for crypto exchanges, in addition to profits for its creators. Launched just about six months ago, the TRUMP memecoin has generated at least $172 million in trading fees for 10 crypto exchanges, including Binance, Coinbase, OKX and more, according to a Reuters report on Monday. In listing TRUMP, some exchanges reportedly disregarded the fact that 80% of the coin’s supply was held by the Trump family and its partners, an issue they’d previously seen as a red flag for exchanges due to its concentrated supply. Read more
US House leaders have designated this week as “crypto week,” during which lawmakers will vote on three major digital asset bills. Here's what to expect. It’s officially “Crypto Week,” a multi-day event where leaders in the US House of Representatives hope to vote on three cryptocurrency bills expected to bolster the national crypto industry. The CLARITY Act, the GENIUS Act and the Anti-CBDC Surveillance State Act are expected to go through debate, amendments and a final vote over the coming days. “Crypto Week” was announced by French Hill, chair of the House Committee on Financial Services, on July 3. Hill said the legislation would establish “a clear regulatory framework for digital assets,” as well as set the ground rules for dollar-pegged stablecoin issuance, and aims to block central bank digital currency (CBDC) issuance “to safeguard Americans’ financial privacy.” Read more
The UAE is attracting a global wave of crypto millionaires with zero-tax profits, regulatory clarity and elite residency perks. With no personal income or capital gains tax and recent VAT exemptions on crypto transactions, the UAE provides an unmatched financial incentive for crypto investors. Dubai’s VARA and Abu Dhabi’s FSRA lead with retail and institutional frameworks, while RAK, Sharjah and others are developing tailored zones and policies for Web3 innovation. Free zones like DMCC, ADGM and DIFC offer business-ready ecosystems, while high-speed internet, 5G and cloud services make the UAE a plug-and-play hub for crypto firms. Read more
Crypto-focused asset manager Grayscale's IPO may enable it to seek out new funding avenues such as stock or convertible note offerings. Cryptocurrency-focused asset manager and exchange-traded fund (ETF) issuer Grayscale joined a growing list of crypto companies seeking to launch IPOs in the United States. On Monday, Grayscale said it had filed to list its company shares with the Securities and Exchange Commission (SEC) under a new clause that enables confidential filings ahead of a final public offering. Entering public markets would enable Grayscale to seek more funding opportunities through strategies such as public stock offerings, which was leveraged by Michael Saylor’s Strategy, or convertible note offerings, such as GameStop’s $2.25 billion offering from June 13. Read more
By securing a national trust charter, USDC’s issuer, Circle, plans to directly manage its $62-bilion reserves. Circle, the fintech firm behind USDC, has filed an application with the Office of the Comptroller of the Currency (OCC) to establish America’s first digital currency bank, a national trust institution that would bring stablecoins fully into the federally regulated financial system. The proposed entity, First National Digital Currency Bank, wouldn’t operate like a traditional consumer bank. It wouldn’t offer deposits or loans. Instead, it would focus on Circle USDC trust bank functions: safeguarding USDC (USDC) reserves, managing cash and short-term Treasury holdings and offering digital asset custody services to institutional clients. Read more
Bitcoin hit new all-time highs above $122,000 on Monday, up 29% in 2025, overtaking gold’s 27% gains year to date. Key takeaways: Bitcoin's new highs above $122,000 translate to 29% year-to-date gains, overtaking gold’s 27%. BTC price uptrend remains resilient as an ascending parallel channel targets $125,000 next. Read more
Now the largest known corporate Ether treasury, SharpLink Gaming acquired nearly $49 million worth of ETH. NASDAQ-listed sportsbook marketing firm SharpLink Gaming bought almost $49 million worth of Ether (ETH) on Sunday, as ETH prices soared past $3,000. The company, whose board is chaired by Ethereum co-founder Joseph Lubin, has been all-in on ETH since late May. This transaction brings SharpLink Gaming’s total treasury value to 198,300 ETH, worth nearly $608 million at time of writing. According to onchain analytics service Arkham Intelligence and blockchain explorer Etherscan, a wallet belonging to SharpLink Gaming received 16,370 ETH worth $48.7 million on Sunday, from a wallet likely controlled by Ethereum development organization Consensys. Read more
Biotech firm Sonnet is merging with Rorschach to form Hyperliquid Strategies, which aims to become HYPE token’s largest United States-listed holder. Nasdaq-listed biotech company Sonnet BioTherapeutics announced a strategic pivot into crypto, unveiling an $888 million entity to launch a Hyperliquid (HYPE) digital asset treasury. On Monday, Sonnet said it formed a business combination with the newly created Rorschach to launch a treasury strategy focused on the HYPE token, the native crypto token of the fast-growing Hyperliquid ecosystem. The deal includes transforming Sonnet into Hyperliquid Strategies Inc. (HSI), which is expected to be the largest United States-listed public company holding the HYPE token on its balance sheet. The company aimed to hold 12.6 million HYPE tokens, worth about $583 million when the agreement was made. Read more
Michael Saylor’s Strategy made a fresh $472.5 million investment in Bitcoin to see total holdings cross 600,000 BTC as the cryptocurrency surged past new highs. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, made another major investment in the asset during the past week as BTC surged to new historic highs of $118,000. Strategy acquired 4,225 Bitcoin (BTC) for $472.5 million last week, the company announced in a US Securities and Exchange Commission filing on Monday. Strategy’s new Bitcoin buy averaged $111,827 per coin, with BTC surging from about $108,000 on July 7 to $118,000 by the end of the week, according to CoinGecko. Read more
Bank of England governor Andrew Bailey joins a growing list of European officials concerned with the rise of stablecoins. Bank of England (BOE) governor Andrew Bailey recently warned against banks issuing stablecoins, saying that the Bank of England should focus on tokenizing deposits instead. Stablecoins introduce systemic risks to banking institutions that could destabilize the entire financial system, causing sovereign governments to lose control over their currencies, the BOE official told The Sunday Times in an interview. He also added that the United Kingdom’s central bank should not adopt a central bank digital currency (CBDC) or otherwise seek to launch a centrally-managed digital fiat token. Read more
Tokens are a new financial wrapper, akin to the exchange-traded funds (ETFs) that debuted on US exchanges in 1993, Christopher Perkins said. Real-world asset (RWA) tokens can democratize access to investments previously inaccessible to retail traders, similar to how exchange-traded funds (ETFs) expanded retail access to financial instruments when they debuted in 1993, according to Christopher Perkins, president and managing partner of investment firm CoinFund. “I believe tokens are the new ETFs,” Perkins told Cointelegraph in an interview. The executive said tokenized RWAs, which trade 24/7 on globally accessible markets, reduce the information asymmetry that has typically kept retail investors out of private placements under existing accreditation laws. He added: Essentially, that leaves ordinary people, normal people, very little access to what are the most exciting, the most innovative companies,” he continued. Read more
Strategy continues to lead the pack among Bitcoin treasury companies, issuing debt and equity instruments to finance more purchases. Strategy co-founder Michael Saylor signaled that Strategy would resume Bitcoin (BTC) buying on Monday after the company took a week-long hiatus from accumulating the digital asset. “Some weeks, you don’t just HODL,” the executive wrote on Sunday. The company skipped buying BTC last week but announced a $4.2 billion capital raise. Before the break, Strategy racked up 12 consecutive weeks of BTC accumulation. Strategy’s most recent BTC buy occurred on June 30, when the company bought 4,980 BTC for $532 million, bringing its total holdings to 597,325 BTC, valued at over $70.9 billion. Read more
BTC price action is copying late 2024 — and that could result in fresh 50% gains, one trader says as late Bitcoin shorts feel the pain again. Key points: Bitcoin tags fresh record highs into the weekly close as liquidations punish shorts. BTC price areas of interest include a support test of $115,000. Read more
Most RWAs remain isolated and underutilized instead of composable, DeFi-ready building blocks. It's time to change that. Opinion by: Jakob Kronbichler, co-founder and CEO of Clearpool and Ozean Real-world assets (RWAs) onchain aren’t just a concept anymore — they’re gaining real traction. Stablecoins are proof of that. They’ve become a dominant source of onchain volume, with annual transfers surpassing Visa and Mastercard by 7.7% last year. Tokenized US Treasurys are gaining interest from institutions hunting for yield. Read more
Binance founder CZ shared a tweet alleging Coinbase as the anonymous source behind Bloomberg’s report targeting Trump’s crypto project and Binance. Update (July 13, 23:18 UTC) This article has been updated to include a response to the claims posted by Coinbase CLO Paul Grewal Binance co-founder and former CEO Changpeng “CZ” Zhao has reposted a tweet alleging that Coinbase was the “anonymous” source behind Bloomberg’s report targeting Trump’s crypto project, World Liberty Financial, and Binance. In a Sunday post on X, crypto commentator Matt Wallace claimed Coinbase executives feared a potential pardon for Zhao and Binance’s return to the US market would threaten their market share, prompting efforts to undermine competitors. Read more
Thousands of savers face potential losses after a $2.7 million shortfall was discovered at Ziglu, a British crypto fintech that entered special administration. Thousands of savers face the grim prospect of losing their investments after administrators uncovered a 2 million pounds ($2.7 million) shortfall at Ziglu, a British cryptocurrency fintech that collapsed earlier this year. The company, which suspended withdrawals in May, was placed into special administration last week amid mounting concerns over its financial management, according to a Sunday report from The Telegraph. Ziglu attracted around 20,000 customers with promises of high-interest returns, particularly through its “Boost” product, which offered yields up to 6%. Launched in 2021 during a period of low interest rates, Boost became popular due to its higher returns. Read more5789 items