Cointelegraph.com
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Cointelegraph.com - 17:00 Aug 01, 2025
Veteran financial adviser Ric Edelman explains why Bitcoin is no longer viewed as just a speculative asset, and how portfolio strategies are evolving in response. For years, Bitcoin (BTC) has been labeled everything from a revolutionary technology to a dangerous gamble. Many investors still dismiss it as a speculative and volatile asset designed only for tech professionals and risk-takers. But according to one of America’s most popular financial advisers, that view is not just outdated — it might be costly. In a recent conversation with Cointelegraph, Ric Edelman, the founder of Edelman Financial Engines, shares why he changed his stance on Bitcoin. Just a few years ago, he recommended a cautious 1% allocation to crypto assets. Now? He’s suggesting as much as 40% for certain investors. What changed? Read more -
Cointelegraph.com - 16:43 Aug 01, 2025
Shares of Coinbase, Riot Platforms and CleanSpark plunged amid a broader market sell-off driven by weak jobs data, inflation concerns and renewed tariff threats. Shares of US crypto companies fell sharply on Friday amid a broader sell-off in risk assets, driven by disappointing economic data and renewed tariff threats. Shares of Coinbase (COIN), Riot Platforms (RIOT) and CleanSpark (CLSK) dropped between 7% and 16% in Friday trading. The declines mirrored broader market weakness, with the Dow Jones Industrial Average losing over 600 points, the S&P 500 falling 1.6% and the Nasdaq Composite down more than 2% in early trading. Coinbase's losses extended a sell-off that began after hours on Thursday, following the company’s disappointing quarterly results. The crypto exchange reported $1.5 billion in revenue for the second quarter, but transaction volumes fell, weighing on results. Read more -
Cointelegraph.com - 16:30 Aug 01, 2025
A wallet has scooped up over 331 million Pi coins during a major price slump, raising questions about insider moves or a strategic bet on Pi’s future. Over the past three months, a mysterious crypto wallet labeled GAS…ODM has quietly amassed 331 million Pi coins — a haul worth around $148.5 million, according to Piscan and other tracking tools. This wave of accumulation stands out because it unfolded during a steep 70% drop in Pi Coin (PI) price since May. Read more -
Cointelegraph.com - 15:55 Aug 01, 2025
A police officer’s 50-BTC theft was unraveled by blockchain tracking. Investigators traced the funds and brought him to justice. In a major breach of trust within UK law enforcement, Paul Chowles, a National Crime Agency (NCA) officer, stole 50 Bitcoin (BTC) from a seized wallet connected to Thomas White, an operator of Silk Road 2.0. The theft occurred in 2017 when the cryptocurrency was valued at a total of approximately 60,000 British pounds (around $79,000). By the time Chowles was caught, the crypto’s value had surged to over 4.4 million pounds (around $5.9 million). The 42-year-old officer from Bristol used the dark web and crypto-mixing services to split the stolen Bitcoin into smaller amounts, transferring them through crypto exchanges and prepaid cards to conceal their source. Read more -
Cointelegraph.com - 15:22 Aug 01, 2025
Bitcoin’s tight consolidation resolved to the downside, but the failure of the bears to sustain the lower levels could push the price to new all-time highs. Key points: Sellers pulled the price below $115,000, but are struggling to sustain the lower levels. Several altcoins have pulled down toward their respective support levels, which are likely to hold. Read more -
Cointelegraph.com - 15:00 Aug 01, 2025
DeFi’s future depends on embracing institutional investors, whose capital, credibility and demand for stability are shifting DeFi from a speculative playground into a mature, trusted financial ecosystem. Opinion by: Kevin Rusher, founder of RAAC Crypto is a movement born from a cultural rejection of traditional finance, driven by the belief that transparency, decentralization and code can build a better financial system than the one that led to the 2008 financial crisis. Indeed, for many, the creation of Bitcoin was a rebellion against the traditional financial gatekeepers that siphoned all value out of the market. That foundational spirit still matters for crypto, but the landscape has changed drastically after 15 years. Today, BlackRock is the second-largest holder of Bitcoin (BTC), beaten only by its founder, Satoshi Nakamoto. At the same time, almost every major traditional asset manager has some interest in the industry through BTC, Ether (ETH) and real-world assets (RWAs) like tokenized private credit a... -
Cointelegraph.com - 14:54 Aug 01, 2025
Bitcoin's bearish divergence signals a possible price correction toward $92,000, similar to the declines witnessed in 2020 and 2024. Key takeaways: Bitcoin hinges on $115,000 support, risking a drop toward $104,000. Weekly RSI divergence points to a deeper correction. Read more -
Cointelegraph.com - 14:16 Aug 01, 2025
Bitcoin bulls are struggling to keep the market off new three-week lows despite a potential tailwinds coming from the US labor market. Key points: Bitcoin attempts to cement a rebound thanks to US jobs data showing labor market weakness. BTC price action remains below $116,000, but order-book data has traders favoring a short squeeze. Read more -
Cointelegraph.com - 14:00 Aug 01, 2025
After banning retail access to crypto ETNs and derivatives in 2021, the FCA has reversed its approach in favor of ETN access for retail. The United Kingdom’s Financial Conduct Authority (FCA) has lifted the ban on retail access to cryptocurrency exchange-traded notes (cETNs). Companies in the UK will soon be able to offer retail consumers cETNs, with regulatory changes effective Oct. 8, according to an FCA announcement on Friday. The new development in the UK’s regulatory approach on crypto comes after the FCA banned crypto ETNs in January 2021, citing the extreme volatility of crypto assets and a “lack of legitimate investment need” for retail consumers. Read more -
Cointelegraph.com - 13:30 Aug 01, 2025
Following the landmark US passage of the GENIUS Act, Fabian Dori of Sygnum Bank breaks down what lies ahead for stablecoins, institutional adoption and global crypto regulation. The recent US passage of the GENIUS Act marked a significant turning point for stablecoins, setting a regulatory precedent that may shape digital finance globally. Fabian Dori, chief investment officer at Sygnum Bank, joined the latest episode of Cointelegraph’s Byte-Sized Insight podcast, detailing how the act will influence stablecoin adoption, institutional engagement and international regulatory alignment. The GENIUS Act, which introduces a clear federal regulatory framework for fiat-backed stablecoins, demands full transparency from issuers, including one-to-one asset backing, mandatory federal licensing and independent reserve audits. Read more -
Cointelegraph.com - 13:20 Aug 01, 2025
The GENIUS Act leaves a foreign stablecoin loophole that puts US issuers at a competitive disadvantage, says former CFTC Chair Timothy Massad. The signing of the GENIUS Act into law established the first comprehensive regulatory framework for US-issued stablecoins. Supporters argue it will enhance trust, drive mainstream adoption and bolster the dollar’s status as the global reserve currency. With stablecoins now gaining traction in global finance, the GENIUS Act could also prove a boon for the developing world, attract institutional interest and drive a resurgence in decentralized finance (DeFi). However, concerns remain over unresolved issues, such as the regulation of foreign issuers, doubts about the ban on yield-bearing stablecoins and the potential dominance of corporate and traditional finance players. Read more -
Cointelegraph.com - 13:07 Aug 01, 2025
Tether’s USDT supply has increased by $26 billion in 2025, pushing its market cap to $163.6 billion as global demand for stablecoin grows. Stablecoin-issuer Tether has become the 18th-largest holder of United States Treasurys globally, surpassing the holdings of South Korea, according to a recent attestation report. On Thursday, Tether said in its attestation report for the second quarter of 2025 that it holds $127 billion in US Treasury bills. The company said it has $105.5 billion in direct US Treasury exposure and $21.3 billion held indirectly. Tether’s current holdings show a $7 billion increase from the first quarter. On May 19, the stablecoin issuer reported having $120 billion in T-bills, overtaking Germany’s holdings to take the 19th spot. Read more -
Cointelegraph.com - 13:00 Aug 01, 2025
THG co-founder and CEO Stefan Deiss told Cointelegraph that the IDTrust allows users full control over their data, giving it an edge over competitors like Microsoft Entra. The Hashgraph Group (THG) has launched a self-sovereign identity (SSI) platform called “IDTrust” to provide a blockchain-based digital identity solution for individuals and institutions. In an announcement sent exclusively to Cointelegraph, THG said the IDTrust platform is built on the Hedera network and will be powered by artificial intelligence. An SSI platform allows users to issue, manage and verify credentials securely without the need for centralized authorities. The launch comes as governments and enterprises accelerate digital identity programs, including the Swiss e-ID initiative and the European Union’s eIDAS 2.0 regulation. Read more -
Cointelegraph.com - 11:27 Aug 01, 2025
The Japanese investment company’s stock offering is part of its treasury strategy to acquire 210,000 Bitcoin by the end of 2027. Japanese investment firm Metaplanet is seeking to raise 555 billion yen ($3.73 billion) through a stock offering to support its aggressive Bitcoin accumulation strategy. The company, which is known as “Asia’s Strategy,” announced Friday that it will issue perpetual preferred shares to help fund its goal of acquiring 210,000 Bitcoin (BTC) by the end of 2027. The shares will offer up to a 6% annual dividend, depending on market conditions and investor demand. “The Company intends to actively pursue equity financing as part of its ‘Bitcoin Strategy,’ which aims to acquire 210,000 BTC by the end of 2027,” it said. “We believe that introducing Bitcoin-backed preferred shares represents a pioneering effort to fill this gap.” Read more -
Cointelegraph.com - 01:15 Aug 01, 2025
Strategy CEO Phong Le says the market still misunderstands and undervalues its Bitcoin play, as it posted $10 billion profit in the second quarter and plans to raise $4.2 billion to buy more. Strategy’s shares fell 1.4% in after-hours trading despite posting a company-record $10 billion in profit in the second quarter, as CEO Phong Le called the Bitcoin-holding company the “most misunderstood and undervalued stock” in the market. Strategy’s operating income rose 7,100% year-on-year (YOY) to $14 billion, the company Michael Saylor co-founded said in its earnings statement on Thursday. It marked the second reporting period in which the firm applied fair value accounting, which includes unrealized gains from Bitcoin (BTC). Strategy also announced plans to raise another $4.2 billion worth of shares through one of its preferred stock offerings to buy more Bitcoin, part of its long-term goal to buy $84 billion worth of the cryptocurrency under its upgraded “42/42” plan. Read more -
Cointelegraph.com - 22:58 Jul 31, 2025
Though it has weighed in on traditional staking, the US Securities and Exchange Commission has not issued guidance on liquid staking. Solana infrastructure provider Jito Labs, asset managers VanEck and Bitwise and two other stakeholders are appealing to the US Securities and Exchange Commission (SEC) to allow liquid staking for Solana exchange-traded products (ETPs). Liquid staking is a form of allocating tokens to a validator while receiving a derivative token in return, effectively meaning the staked tokens aren’t “locked up.” Liquid staked tokens (LSTs) can be traded, used in decentralized finance or even loaned. However, the process introduces additional risks not seen in traditional staking processes. Groups appealing to the SEC, including the Solana Policy Institute and Multicoin Capital Management, argue that liquid staking could improve capital efficiency by allowing ETP issuers to avoid forced rebalancing. Read more -
Cointelegraph.com - 22:44 Jul 31, 2025
Once one of crypto’s loudest critics, Jamie Dimon now says he’s a “believer” in stablecoins as JPMorgan deepens its push into digital assets. JPMorgan CEO Jamie Dimon appeared to moderate his long-held skepticism toward digital assets in a CNBC interview Tuesday morning, saying he’s now “a believer in stablecoins” and sees value in blockchain technology. During the interview, Dimon suggested JPMorgan’s shift toward crypto is being driven by customer demand, not conviction. “We’re going to accommodate… It’s what the customer wants, not what JPMorgan wants,” he said, adding that all new financial products come with risk: “There’s never been a new financial product that didn’t entail risk.” JPMorgan has been sharply expanding its footprint in crypto. Dimon confirmed in mid‑July that the bank plans to participate in the space with its deposit coin and broader stablecoin issuance to “understand it and be good at it.” Read more -
Cointelegraph.com - 22:20 Jul 31, 2025
China state TV bashes Trump’s crypto policies in 30-minute special. New Telegram dark markets tie with Huione’s infrastructure. Asia Express. CCTV, Chinas state broadcasting mouthpiece, aired a half-hour special on cryptocurrencies and how the US is attempting to solidify dollar dominance with stablecoins. The July 27 broadcast framed the new US stablecoin legislation GENIUS Act, as a geopolitical turning point. CCTV pinpointed that the new rules explicitly ban a Federal Reserveissued central bank digital currency (CBCD) while allowing stablecoins to export US debt in digital form. The broadcaster said stablecoins backed by US Treasury bonds represent the third phase of dollar hegemony after Bretton Woods gold and Middle Eastern oil. In this model, crypto users across the globe become indirect holders of US government debt, while stablecoin issuers emerge as the next generation of bond superbuyers. The program warned that this digital infrastructure could displace weaker currencies. Read more -
Cointelegraph.com - 22:20 Jul 31, 2025
The proposal aims to make Ethereum faster and quantum-resistant, while also reducing the layer-1 blockchain's technical complexity. Ethereum Foundation researcher Justin Drake has proposed “Lean Ethereum,” a plan to make the layer-1 smart contract network quantum-secure, while also simplifying Ethereum’s tech stack, which includes the consensus layer, data layer and execution layer. The researcher proposed zero-knowledge powered virtual machines, a way of verifying data onchain without revealing the content of that data, to quantum-proof the execution layer and strengthen security. Drake called for data availability sampling as a way of reducing the storage requirements for the Ethereum blockchain, while preserving block integrity. Read more -
Cointelegraph.com - 22:02 Jul 31, 2025
The crypto exchange missed revenue estimates for Q2 2025, with transaction volumes falling sharply. Still, steady growth in stablecoin-related income offered some relief. Shares of Coinbase Global (COIN) plunged in after-hours trading Thursday after the crypto exchange missed Wall Street estimates on both earnings and revenue, despite hitting several key business milestones during the quarter. Coinbase reported $1.5 billion in second-quarter revenue, falling short of analysts’ expectations of $1.56 billion to $1.59 billion. While net income came in at $1.4 billion, adjusted net income, excluding investment gains, was just $33 million. Non-GAAP earnings were particularly weak, with profit at only $0.12 per share, well below the $1.49 per share analysts had projected. A sharp drop in transaction revenue, driven by falling spot crypto trading volumes, weighed heavily on results. Read more
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