Cointelegraph.com
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Cointelegraph.com - 05:22 Jul 05, 2025
The Coinbase executive says he is “speculating on straws,” but if it is true, it would be “by far the largest heist in human history.” Conor Grogan, Coinbase’s head of product, says there’s a slight chance the $8.6 billion worth of Bitcoin moved on Thursday — from eight wallets that had held the Bitcoin for over 14 years — was caused by a hack, and if so, it could be the largest robbery ever. “If true (again, I’m speculating on straws here), this would be by far the largest heist in human history,” Grogan said in an X post on Friday, after raising the slim chance that the $8.6 billion worth of Bitcoin (BTC) moved from eight separate wallets was the work of bad actors. “There is a small possibility that the $8B in BTC that recently woke up were hacked or compromised private keys,” Grogan said, pointing out a suspicious Bitcoin Cash (BCH) transaction made before the significant transfers on Thursday involving 10,000 Bitcoin at a time. Read more -
Cointelegraph.com - 02:27 Jul 05, 2025
Crypto analyst James Check says the Bitcoin treasury strategy is getting to a point where new entrants will find it hard to gain momentum “without a serious niche.” A crypto analyst says the Bitcoin treasury strategy may not have the longevity many expect, warning that the easy upside may already be behind new companies entering the space. “My instinct is the Bitcoin treasury strategy has a far shorter lifespan than most expect,” Glassnode lead analyst James Check said in an X post on Friday. “For many new entrants, it could already be over,” Check said, adding that it’s not “about a measuring contest” but rather how sustainable a company’s product and strategy are when it comes to long-term Bitcoin (BTC) accumulation. Read more -
Cointelegraph.com - 22:28 Jul 04, 2025
Bitcoin's pullback reflects the market’s anxiety about the US economy and dormant BTC wallets shifting billions worth of BTC. Key takeaways: Despite $1 billion in spot BTC ETF inflows, Bitcoin fell 2.8% as the market digested a multibillion-dollar 2011-era wallet transfer. US import tariffs and fiscal deficits are likely weighing on Bitcoin investor sentiment. Read more -
Cointelegraph.com - 21:32 Jul 04, 2025
The theft occurred after the hackers allegedly compromised an employee of C&M, a software service provider, by buying the employee’s login credentials. C&M Software, the service provider that connects Brazil’s Central Bank to local banks and other financial institutions, was hacked on Wednesday, leading to 800 million Brazilian reais ($140 million), in stolen funds from six institutions connected to the central bank. The hack occurred after an employee of C&M allegedly sold his login credentials to the threat actor for roughly $2,700, allowing them to access the software system and steal funds held in reserve accounts, according to Brazilian news outlet São Paulo. Onchain detective ZachXBT said the hackers converted an estimated $30 million to $40 million of the stolen funds to Bitcoin (BTC), Ether (ETH) and USDt (USDT), which they laundered through Latin American exchanges and over-the-counter (OTC) trading platforms. Read more -
Cointelegraph.com - 21:19 Jul 04, 2025
Gunnar Strömmer reportedly said that Swedish authorities had confiscated more than $8.3 million worth of criminal profits since a law related to seizures was passed in 2024. Sweden’s justice minister has called on local authorities to focus on crackdowns that could yield larger seizures of assets including cryptocurrency under a 2024 law that allows the confiscation of luxury items and cash from individuals even if they aren’t the target of an investigation. According to a Thursday report from financial news outlet Dagens industri, Minister of Justice Gunnar Strömmer said local police, tax authorities and the Swedish Enforcement Authority should put more effort into cases likely to yield crypto proceeds, real estate and other corporate assets. The justice minister reported that the government had seized more than $8.3 million in criminal profits since 2024. “Now it’s time to turn up the pressure even more,” said Strömmer. Read more -
Cointelegraph.com - 20:00 Jul 04, 2025
Peter Thiel and other billionaires are planning Erebor, a new bank to fill the void left by Silicon Valley Bank’s collapse — with crypto firms and startups in focus. Peter Thiel and other tech billionaires have reportedly spotted a major market opportunity in the void left by Silicon Valley Bank’s (SVB) 2023 collapse. They are now planning to launch a new financial institution — named after a Lord of the Rings reference — to serve crypto companies and startups that have struggled to secure financing since SVB’s downfall. SVB’s dramatic collapse in 2023 triggered contagion across the US banking sector and led to tighter lending standards. While its assets were later acquired by First Citizens Bank, no institution has stepped in to fill SVB’s unique role — until now. For context: Before its collapse, SVB banked nearly half of all venture-backed technology and life sciences companies in the United States. Read more -
Cointelegraph.com - 19:30 Jul 04, 2025
Bitcoin sold off near the $110,000 ceiling, but the price reset could give BNB, SOL, LINK and AAVE a chance to rally. Key point: Bitcoin’s bounce off the moving averages may improve sentiment, pushing BNB, SOL, LINK and AAVE above their overhead resistance levels. Bitcoin’s (BTC) failure to close above $110,000 may have attracted profit-booking by short-term traders. That has pulled the price near $108,000. Crypto analyst Daan Crypto Trades said in a post on X that a close above $110,000 would be good for Bitcoin, but a drop below $108,000 could deepen the correction. Read more -
Cointelegraph.com - 18:24 Jul 04, 2025
Onchain data shows that retail investors are not buying Bitcoin, but analysts say they’ve shifted into buying the spot ETFs. Key takeaways: Onchain metrics suggest retail investors are asleep, but the ETFs’ AUM is growing Retail investors hold the majority of spot Bitcoin ETF shares — either directly or indirectly through investment advisers and hedge funds acting on their behalf. Read more -
Cointelegraph.com - 18:18 Jul 04, 2025
The decentralized exchange was one of 46 websites Turkey's financial regulator said would be blocked for residents. Turkey’s Capital Markets Board, the country’s financial regulator, announced it had blocked access to websites “providing unauthorized crypto asset services.” In a Thursday notice, the Capital Markets Board said it had taken legal action against 46 websites, including decentralized exchange PancakeSwap and Cryptoradar, in a crackdown on crypto services offered to residents of Turkey. The regulator cited the country’s Capital Markets Law as its authority to block the websites. PancakeSwap reported more than $325 billion in trading volume for June, making it one of the most significant decentralized exchanges alongside Uniswap and Curve. It’s unclear how Turkish authorities determined the platform had been offering “unauthorized” services. Read more -
Cointelegraph.com - 18:00 Jul 04, 2025
Increasing US regulatory clarity is enabling more traditional finance participants to seek out decentralized financial solutions. US Senator Cynthia Lummis submitted a draft bill on Thursday proposing to exempt certain crypto transactions from taxation and defer taxes on mining and staking rewards until the underlying tokens are sold. “My legislation ensures Americans can participate in the digital economy without inadvertent tax violations,” said Lummis. The senator’s draft bill was published three weeks after the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, passed the Senate in a 68–30 vote on June 11, Cointelegraph reported. Read more -
Cointelegraph.com - 17:33 Jul 04, 2025
In an exclusive interview with Cointelegraph, Ethereum Foundation Co-Executive Director Tomasz Stanczak shares rare insights on Ethereum’s future and challenges. As Ethereum marks its 10th anniversary, the platform finds itself at a critical point in its journey. In an exclusive interview with Cointelegraph, Tomasz Stanczak, co-executive director of the Ethereum Foundation, discusses the shifting landscape of blockchain technology — and what’s next for Ethereum. During the interview, Stanczak addresses the growing competition from newer blockchains such as Solana, Aptos and others. While critics argue that Ethereum is lagging behind in terms of speed and user experience, Stanczak makes clear that the foundation has been focused on long-term priorities and careful progress, even amid outside noise. He also shares his perspective on Ethereum’s evolving ecosystem, particularly the increasingly important relationship between layer-1 and layer-2 solutions. According to Stanczak, the focus is now on interoperabilit... -
Cointelegraph.com - 17:27 Jul 04, 2025
The community proposal aims to transition the protocol from closed governance to a more open, decentralized finance-oriented model. World Liberty Financial (WLFI), a decentralized finance protocol co-founded by US President Donald Trump's family, initiated a community proposal to make the WLFI governance token transferable and tradable across the crypto ecosystem. The proposal is part of the project's roadmap to transition to an "open participation" model by allowing the token to trade on secondary markets, including decentralized exchanges and peer-to-peer networks. Currently, the WLFI token exists in a closed system and cannot trade outside the platform, limiting the governance pool and price discovery. Read more -
Cointelegraph.com - 16:12 Jul 04, 2025
A bullish pattern on the DOGE chart points to a potential price recovery to $0.25. Key takeaways: DOGE formed a double bottom and broke through the lower time frame trendline, signaling a possible move to $0.25. Memecoins have been the best-performing narrative sector over the past 90 days. Read more -
Cointelegraph.com - 16:04 Jul 04, 2025
Ondo has acquired Oasis Pro, a FINRA member and SEC-registered broker-dealer. DeFi protocol Ondo Finance has completed the acquisition of Oasis Pro, an infrastructure provider for real-world assets (RWAs), in a move the company said would strengthen its tokenized security offerings in the United States. Oasis Pro is a broker-dealer, Alternative Trading System (ATS) and Transfer Agent (TA) registered with the US Securities and Exchange Commission (SEC). The acquisition gives Ondo Finance a key foothold in the regulated tokenized securities market, the company said in a statement on Friday. Ondo Finance declined to disclose the financial terms of the deal but confirmed that Oasis Pro CEO Pat LaVecchia will join Ondo as part of the acquisition. Read more -
Cointelegraph.com - 15:50 Jul 04, 2025
While it’s not built for real-time calls, ChatGPT can still support smarter Bitcoin trading decisions when paired with the right data and well-crafted prompts. ChatGPT is a generative AI model developed by OpenAI, built on the GPT‑4 architecture. It’s designed to generate human-like responses across a wide range of topics, using knowledge drawn from an enormous training set of text, books, code and online content. When it comes to cryptocurrency, ChatGPT doesn’t have real-time access to Bitcoin (BTC) price feeds or live market charts, but that doesn’t mean it’s useless for traders. With the right inputs — historical price data, sentiment indicators and technical metrics — ChatGPT becomes a powerful analytical tool. Read more -
Cointelegraph.com - 15:02 Jul 04, 2025
Bitcoin is the subject of rumors as wallets holding 80,000 BTC suddenly reactivate after a 14-year hiatus. Key points: Bitcoin price losses near 2% on the day as 14-year-old coins suddenly move onchain. Explanations include an unsubstantiated claim linking the BTC wallets involved to creator Satoshi Nakamoto. Read more -
Cointelegraph.com - 15:00 Jul 04, 2025
Unified liquidity breaks DeFi’s oracle dependency, enabling truly permissionless leverage and shorting for long-tail tokens, and ushering in a scalable, composable and censorship-resistant financial market. Opinion by: Sky, founder at LIKWID In the last wave of decentralized finance (DeFi) innovation, a generation of engineers funded by venture capital worked tirelessly to design “permissionless” lending protocols. Many projects made notable strides, yet their core structure was centuries old — the collateralized loan model. Like the Sumerians once pledged livestock for silver, modern DeFi still relies heavily on oracles to feed offchain prices into lending systems — a single point of failure disguised as neutrality. Read more -
Cointelegraph.com - 14:35 Jul 04, 2025
Australian authorities busted a $123-million crypto fraud. The scheme used seemingly legit businesses for crypto money laundering. Australian authorities exposed a crypto crime organization that allegedly laundered $123 million. Four suspects are charged in connection with the scheme. The discovery is the outcome of an 18-month crypto investigation by Australian authorities. Members of the Australian Federal Police, Queensland Police Service and Australian Criminal Intelligence Commission, along with many other agencies, joined forces to investigate suspicious transactions back in December 2023. Read more -
Cointelegraph.com - 14:25 Jul 04, 2025
FTX’s bankruptcy estate is uncertain whether it is legally entitled to distribute payouts to creditors in countries such as China amid local crypto restrictions. FTX’s bankruptcy estate has raised concerns over payouts to creditors in countries with ambiguous or restrictive cryptocurrency regulations. On Wednesday, the FTX estate filed a motion with the US Bankruptcy Court for the District of Delaware, seeking authorization for the FTX Recovery Trust to freeze distributions to creditors in “potentially restricted foreign jurisdictions.” The jurisdictions — 49 countries in total — have unclear or restrictive crypto laws, potentially posing risks due to complex cross-border legal implications. Read more -
Cointelegraph.com - 14:13 Jul 04, 2025
Binance names Gillian Lynch as head of Europe and UK to lead its MiCA compliance and expansion across regulated crypto markets. Binance, the world’s largest cryptocurrency exchange, has appointed Gillian Lynch as its new head of Europe and the United Kingdom, signaling a renewed push to secure regulatory approval across the region. Lynch brings more than 20 years of leadership experience in fintech, banking and digital assets. She previously held senior roles at Gemini, Bank of Ireland and Leveris. The appointment, announced Friday, comes as Binance faces increasing scrutiny in Europe and seeks to align with the European Union’s Markets in Crypto-Assets Regulation (MiCA). Lynch will oversee Binance’s regional strategy, day-to-day operations and regulatory engagements across key European and UK markets. Read more
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