Cointelegraph.com
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Cointelegraph.com - 00:04 Jul 03, 2025
Ripple has followed Circle in looking to be its own bank after Congress moved ahead with a bill to regulate stablecoin issuers under the national bank regulator. Crypto firm Ripple Labs is applying for a banking license in the US, following a similar move by stablecoin issuer Circle Internet Group as crypto firms look to be regulated to deepen ties with traditional finance. Ripple CEO Brad Garlinghouse wrote to X on Wednesday that the company is applying for a license with the US national bank regulator, the Office of the Comptroller of the Currency (OCC), confirming an earlier report from The Wall Street Journal. “True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC,” he wrote. Read more -
Cointelegraph.com - 23:54 Jul 02, 2025
Bitcoin moved closer to its all-time high today, but several data points suggest pro traders are not on board yet. Key takeaways: Bitcoin trades near all-time high, but derivatives data show traders remain cautious and uncommitted. The USDT discount in China and spot Bitcoin ETF outflows highlight investor concerns over global trade tensions. Read more -
Cointelegraph.com - 22:24 Jul 02, 2025
The platform's OpenAI private equity tokens were disavowed by the company, prompting OpenAI co-founder, Elon Musk, to call the AI firm "fake." OpenAI issued a statement on Wednesday clarifying that OpenAI tokens distributed to European Union users by the trading platform Robinhood do not represent equity in the company. "We are not involved in this and do not endorse it,” representatives of the company wrote on social media. “Any transfer of OpenAI equity requires our approval — we did not approve any transfer. Please be careful." Robinhood distributed $5 worth of OpenAI and SpaceX tokens to clients in the EU region on Monday as part of the company's push into tokenized stock trading, which included launching a layer-2 blockchain network to settle tokenized equity trades. Read more -
Cointelegraph.com - 21:50 Jul 02, 2025
Zohran Mamdani has made waves after his primary election victory, but what would he mean for the crypto industry in NYC? Zohran Mamdani won the New York mayoral primary election on June 24, which has since caused a stir among the crypto industry’s upper crust. Mamdani will face off against incumbent Mayor Eric Adams in November, and it’s clear that many in the crypto industry are uneasy about the prospect of a Mamdani victory. Executives and pro-crypto government officials alike have decried his policy proposals, with critics equating his left-leaning policies to Soviet collectivism. Mamdani laid out many specific policy positions, several of which were further left than the Democratic Party norm, but he has remained relatively silent on cryptocurrency. His opponent, Adams, in contrast, is promoting it at great length. Read more -
Cointelegraph.com - 21:15 Jul 02, 2025
LTC price fell under $90, but multiple factors suggest Q4 2025 could be an exciting time for the altcoin. Key takeaways: LTC’s spot cumulative volume delta flipped positive for the first time since December 2024, signaling a positive shift in market sentiment. A potential LTC ETF could trigger institutional investor demand and align with its historically strong Q4 performance. Read more -
Cointelegraph.com - 21:15 Jul 02, 2025
Vitalik Buterin's presentation at the EthCC event comes amid an inflection point for the crypto industry as it attempts to reconcile growth and the Cypherpunk ethos. Ethereum co-founder Vitalik Buterin delivered a keynote speech at EthCC on Wednesday, asking blockchain developers to focus on freeing humanity through their inventions rather than building more technically advanced tools. Buterin compared the individual liberty ethos of the early internet in the 1990s to the current ethos in blockchain, noting that the free and open internet championed by early digital rights advocate John Perry Barlow was lost in the Web2 era. The Ethereum co-founder characterized Web2 as a collection of "walled gardens," warning the audience that many of the Web2 founders, which have since become known for censorship policies, framed themselves as freedom advocates in the early days. Buterin cautioned Web3 founders not to fall into the same trap: Read more -
Cointelegraph.com - 20:39 Jul 02, 2025
In a media interview, Chair Paul Atkins pledged to empower businesses to innovate through tokenization. The US Securities and Exchange Commission (SEC) now sees tokenization as an “innovation” to be encouraged in the marketplace, according to Chair Paul Atkins, who pointed to a clear regulatory shift since former SEC Chair Gary Gensler’s tenure ended. “Tokenization is an innovation,” Atkins said in a CNBC interview on Wednesday. “And we at the SEC should be focused on how do we advance innovation in the marketplace.” Atkins contrasted his approach to crypto regulation with his predecessors, saying the SEC had previously hindered innovation through vague laws and “regulation through enforcement.” Read more -
Cointelegraph.com - 20:15 Jul 02, 2025
BNB Smart Chain’s Maxwell upgrade has ignited the bulls, opening the door for a rally toward new year-to-date highs. Key point: BNB Smart Chain’s Maxwell upgrade has acted as a catalyst in starting an uptrend toward $719. BNB Smart Chain’s Maxwell upgrade, which, according to the BNB Chain team, is “a technical leap forward for faster blocks, better validator coordination, and smoother network performance,” went live on Monday. Read more -
Cointelegraph.com - 20:01 Jul 02, 2025
The dEURO is overcollateralized by other digital assets such as Bitcoin, Ether and Monero. Cake Wallet added the decentralized stablecoin dEURO to its offerings on Tuesday, expanding its stable of euro-denominated digital assets for users. The decentralized stablecoin is overcollateralized by other digital assets, including Bitcoin (BTC), Ether (ETH) and Monero (XMR), meaning that to mint the dEURO stablecoin, users must first deposit other cryptocurrencies as collateral. Overcollateralizing, or depositing cryptocurrency worth more than the value of the asset being borrowed, acts as a shield against de-pegging events, the dEURO team told Cointelegraph. The dEURO offering also features automatic liquidations, which occur when loan-to-value ratios drop below a certain threshold. Read more -
Cointelegraph.com - 19:40 Jul 02, 2025
Traders say Bitcoin will benefit from the proposed $5 trillion increase to the US debt ceiling, but data could suggest otherwise. Key takeaways: Historical data fail to show a consistent link between Bitcoin price gains and US debt ceiling increases. Bitcoin’s resilience reflects investors’ belief that the US dollar will continue to lose value due to US domestic fiscal policy. Read more -
Cointelegraph.com - 18:40 Jul 02, 2025
SOL rallied after the launch of the REX Shares Solana ETF, but bulls need to hold the price above $160. Key point: The launch of the REX Shares staked Solana ETF had a positive impact on SOL price, but trading above $159 would mark the start of a trend change. REX Shares launched the first US staked-cryptocurrency exchange-traded fund on Wednesday, giving investors direct exposure to Solana (SOL) and an opportunity to earn yield through staking. Read more -
Cointelegraph.com - 17:40 Jul 02, 2025
Bitcoin’s onchain and technical data suggest that the upside is not over for BTC price. Key takeaways: Bitcoin’s STH cost basis, MVRV data and other technical indicators suggest that BTC price is on track toward $117,000. Analysts suggest a breakout above $109,000-$110,000 could push BTC to fresh all-time highs. Read more -
Cointelegraph.com - 17:13 Jul 02, 2025
With the US president’s ties to his family-backed business, World Liberty Financial, and a memecoin launch, Donald Trump has seen his personal wealth increase by millions in 2025. US President Donald Trump, with an estimated net worth of more than $6 billion, has reportedly added at least $620 million to his portfolio in a matter of months, thanks to ventures connected to the cryptocurrency industry. According to a Wednesday Bloomberg report, Trump’s crypto holdings represented “a sizeable portion” of his wealth for the first time, mainly due to windfalls from his family-backed crypto business World Liberty Financial and his personal memecoin, Official Trump (TRUMP). Though the bulk of his net worth comprised stakes in his media venture, Trump Media and Technology Group, and real estate, crypto ventures reportedly accounted for roughly 9% of his wealth as of June. Read more -
Cointelegraph.com - 16:38 Jul 02, 2025
Bitcoin's bullish outlook strengthens as the US dollar drops 10.8% in its worst H1 performance since 1973. Key takeaways: Bitcoin could target $170K as global M2 money supply hits a record $55.48 trillion. BTC price historically lags M2 breakouts, with past patterns suggesting imminent upside. Read more -
Cointelegraph.com - 16:31 Jul 02, 2025
Before its collapse, Silicon Valley Bank had deep ties to crypto companies and venture capital funds investing in the industry. A group of billionaires, including Peter Thiel, is reportedly planning to launch a new financial services firm to fill the gap left by the collapse of Silicon Valley Bank in March 2023. The new bank, to be called Erebor, will focus on serving startups and cryptocurrency companies, according to the Financial Times, which cited anonymous sources familiar with the plans. The project has applied for a US bank charter, which allows financial institutions to operate as a bank. Thiel’s venture fund, Founders Fund, is among the bank’s early investors. In addition to Thiel, the group reportedly includes Palmer Luckey, co-founder of defense contractor Anduril, and Joe Lonsdale, founder of 8VC. Read more -
Cointelegraph.com - 16:07 Jul 02, 2025
ETH price has been stuck in a range despite months of steady spot Ether ETF inflows, but this situation could change quickly. Key point: Ether price has been range-bound under $2,500, but ETF flows could change the trend. Ether (ETH) has been range-bound for several days, but institutional investor demand is picking up. Glassnode data shows 106,000 Ether flowing into spot Ether exchange-traded funds last week, the seventh successive week of positive flows. Read more -
Cointelegraph.com - 15:55 Jul 02, 2025
With rising rates and over $100 billion in reserves, Tether turned monetary policy into profit, and it’s not alone. In the first half of 2024, Tether quietly posted one of the biggest profit hauls in crypto history, pulling in a staggering $5.2 billion across just two quarters. That’s not a typo: $4.52 billion in Q1, followed by another $1.3 billion in Q2. Read more -
Cointelegraph.com - 15:00 Jul 02, 2025
Despite surging crypto adoption in emerging markets, the promise of financial sovereignty remains unfulfilled. Millions hold digital wealth they can’t easily use without seamless payment systems and practical off-ramps. Opinion by: Timothy Chen, global head of strategy, Mantle While crypto adoption accelerates across Southeast Asia and Latin America, a deeper structural problem persists: Payments remain slow, error-prone and exclusionary. The premise of financial sovereignty through blockchain remains tantalizingly incomplete. Millions hold digital assets, yet they cannot seamlessly integrate them into daily life. This paradoxical disconnect — digital wealth without practical utility — represents a critical infrastructural gap where emerging markets suffer most. Read more -
Cointelegraph.com - 14:45 Jul 02, 2025
Brazil’s new 17.5% flat crypto tax replaces previous exemptions and now applies to all digital asset gains. On June 12, 2025, Brazil introduced a sweeping new cryptocurrency tax law under Provisional Measure 1303. It replaces the old progressive tax model with a flat 17.5% crypto tax on all capital gains — no matter how much is earned or where the assets are held. The policy ends the long-standing exemption that allowed individuals to sell up to 35,000 Brazilian reais (~$6,300) in crypto each month tax-free. Read more -
Cointelegraph.com - 14:43 Jul 02, 2025
Bitcoin shorts are suddenly on the receiving end of punishment as a US employment data surprise injects fresh volatility into BTC price action. Key points: US private-sector jobs numbers declined more than 4% in June — the biggest drop since March 2023. Bitcoin sees relief, building on a rebound which has begun to trap late short positions. Read more
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