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Data shows the market still favors ETH even after Bitcoin’s sharp sell-off to $115,000. Key takeaways: Ether’s bullish structure remains intact even as the broader crypto market shows weakness. Over 540,000 ETH have been accumulated by new whale wallets since July 9. Read more
The investor warned against fraudulent paper claims made on hard assets, but ETF analysts told Cointelegraph that the fear is unfounded. Investor and financial educator Robert Kiyosaki warned of the potential danger from holding paper Bitcoin (BTC) and precious metals through instruments such as exchange-traded funds (ETFs). Kiyosaki said that although ETFs make certain asset classes more accessible to investors and lower the barrier to entry, the investor does not physically hold the underlying asset. He wrote on Friday: In May, he told investors to ditch “fake money” for bearer assets like BTC, gold and silver to counteract the effects of inflation and the decline of the US dollar. Read more
Dragonfly Capital’s early investment in Tornado Cash could expose the firm to potential legal action from the DOJ. Dragonfly Capital could be the target of federal charges stemming from its early investment in Tornado Cash developer PepperSec, Inc., but the venture firm says it is prepared to “vigorously defend” itself if prosecutors pursue the case. In a Friday social media post, Dragonfly Capital managing partner Haseeb Qureshi defended the firm’s early backing of Tornado Cash — an open-source protocol that allows users to obscure blockchain transactions — dating back to August 2020. “We made this investment because we believe in the importance of open-source privacy-preserving technology,” said Qureshi, adding that the company had consulted outside legal counsel before investing and was assured Tornado Cash was compliant. Read more
Bitcoin is at risk of losing the $115,000 support, raising the chance that the recently started altcoin season could abruptly end. Key points: Bitcoin has pulled back into the $115,000 to $110,530 support zone, where buyers are expected to mount a strong defense. ETH has been holding near the overhead resistance as investors pour money into the spot ETH ETFs. Read more
Reporting from the New York courtroom suggested that the Tornado Cash developer could wrap up his defense in a few days, but whether he would take the stand was still unclear. Defense attorneys representing Tornado Cash co-founder and developer Roman Storm will reportedly rest their case sometime next week, sending the matter to the jury. According to reporting from Inner City Press on Friday, Judge Katherine Failla said she expected to hear closing statements from prosecutors and Storm’s legal team on Tuesday or Wednesday. The timeline gives the Tornado Cash co-founder roughly five days to present his defense in court. Whether Storm intends to take the stand in his own defense was unclear as of Friday. Before his trial started, the Tornado Cash co-founder gave an interview in which he said he “may or may not” testify. Read more
The passage of the GENIUS Act is bringing renewed investor interest to Ether and Ethereum-native yield-generating opportunities. Institutional interest in cryptocurrencies was piqued after “Crypto Week” in the US saw the passage of the industry’s key stablecoin bill, the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act. Signed into law by US President Donald Trump on July 18, the GENIUS Act bans yield-bearing stablecoins in the world’s largest economy, which may increase the demand for Ether (ETH) and Ethereum-based yield-generating decentralized finance protocols, according to industry watchers. Signaling growing demand for the world’s second-largest cryptocurrency, a group of crypto researchers and public market experts announced the launch of the largest yield-bearing Ether fund for institutional investors, called Ether Machine. Read more
XRP price fell by 10% as whales sold and wider market liquidations spread to the altcoin. Key takeaways: XRP’s liquidation was the third-largest long liquidation on Binance this year. XRP’s higher time frame trend remains bullish, as bulls aim to defend the $2.95–$3.00 support zone. Read more
Goldman Sachs and BNY Mellon’s tokenization push aims to keep money market funds competitive as the US accelerates stablecoin adoption, according to a JPMorgan strategist. The tokenization of money market funds marks a significant step in preserving the appeal of “cash as an asset,” especially as the growing adoption of stablecoins threatens to erode the attractiveness of traditional fund offerings, according to JPMorgan strategist Teresa Ho. Commenting on recent initiatives by Goldman Sachs and Bank of New York Mellon to tokenize shares of money market funds, Ho noted that such services will help maintain the competitiveness of these funds while unlocking new use cases, such as margin collateral. This development is particularly timely given the recent passage of the US GENIUS Act, a comprehensive stablecoin bill expected to accelerate the usage of digital dollars by integrating the speed and predictability of blockchain technology into the traditional banking system. Read more
Reliance on centralized cloud infrastructure and the IRS’s proposed “mega API” expose vulnerabilities in data privacy and accountability that decentralized technologies can address. Opinion by: Angie Darrow, chief marketing officer and chief ecosystem communications officer at Web3 Foundation When a temporary data cloud outage can disrupt the global financial system — as the AWS Tokyo outage demonstrated in April — something’s gone wrong with the infrastructure that underpins today’s data economy. In the early hours of April 12, Amazon Web Services (AWS) experienced a “connectivity issue” at its Tokyo data center. The outage lasted just 36 minutes, but the ripple effects were immediate. When AWS falters, so does the architecture of the global economy. It’s not just our assets or money at risk. Read more
Despite concerns from earlier research, smart contract developers and auditors told Cointelegraph that AI-assisted coding is improving crypto security. Update (25 July, 2025 at 3:00 PM UTC): This article has been updated to add commentary by Shantanu Sontakke, security engineer at web3 security firm Zokyo Smart-contract developers and auditors told Cointelegraph that artificial intelligence usage in programming will make crypto safer despite earlier reports suggesting that AI-generated code may introduce new security risks. A November 2024 report by the Center for Security and Emerging Technology warned that AI-assisted programming can be detrimental for cybersecurity. The paper suggests that AI generates insecure code, and models themselves are vulnerable to attacks and manipulation. Read more
SharpLink has hired a 20-year BlackRock veteran just one day after its biggest Ether-buying rival, BitMine, disclosed a massive ETH purchase. Sharplink, a major public company with significant Ether holdings, has hired a veteran BlackRock executive as the corporate Ether treasury race heats up. Former BlackRock senior executive Joseph Chalom has joined Sharplink as its new co-CEO, effective July 24, the company announced on Friday. In his new role at Sharplink, Chalom will be responsible for shaping and executing SharpLink’s global strategy in public markets and Ethereum-based digital infrastructure, his LinkedIn page reads. Read more
Solana’s Firedancer validator client promises huge speed boosts but faces network limits as developer Douglas Colkitt tests its full potential on Fogo. Solana’s next-generation validator client, Firedancer, may not reach full speed on the network it was built for as technical limits push developers to test it elsewhere. One of those developers is Douglas Colkitt, a former high-frequency trader who’s testing a hybrid validator setup called Frankendancer on Fogo, a Solana-compatible chain built to remove the constraints that currently prevent Firedancer from reaching its full potential on Solana. Colkitt, a founding contributor at Fogo, said the new blockchain isn’t trying to replace Solana but does discard some of Solana’s core assumptions, such as globally distributed validator sets, to showcase how far Firedancer can go when speed takes priority over decentralization. Read more
Following the passage of key digital asset bills, Senator Lummis says “help is on the way” for crypto innovation in the US and urges developers not to lose faith. After years of lagging behind global competitors, the US may finally be catching up on crypto policy, according to Senator Cynthia Lummis. In the latest episode of “Decentralize with Cointelegraph,” the Wyoming senator said recent developments mark a turning point. “There were at least two significant milestones,” Lummis said, referring to last week’s so-called “Crypto Week” in Congress. Read more
Ether’s bullish outlook strengthens as Bitcoin dominance falls below 60%, its lowest since February. Key takeaways: Analysts say Ether is undervalued and should be above $8,000, as global M2 money supply hits a record $95.58 trillion. A falling Bitcoin dominance adds fuel for ETH bulls, with Bitcoin’s market share dropping 8.5% since June 27. Read more
Vietnam will use the NDAChain network to power a decentralized identity solution that allows digital contract signing and counterparty verification. Vietnam launched a national blockchain platform designed to serve as the backbone for its expanding digital ecosystem. On Friday, Vietnam announced the state-run blockchain network, which will verify digital transactions and records across different sectors. The new platform, NDAChain, was developed by the country’s National Data Association (NDA) and will be operated by the Ministry of Public Security’s Data Innovation and Exploitation Center. Read more
Analysts expect a “pivotal stretch” in crypto markets, as institutional appetite and open interest are at peak levels. Corporate adoption of Bitcoin is accelerating, with 35 publicly traded companies now holding at least 1,000 BTC each, signaling growing institutional interest in the world’s largest cryptocurrency. Demand for Bitcoin (BTC) is soaring among public companies four months after US President Donald Trump’s executive order outlined the creation of a federal Bitcoin reserve for the world’s largest economy. According to Chris Kuiper, vice president of research at Fidelity Digital Assets, at least 35 public companies have now surpassed 1,000 BTC in holdings on their balance sheets, worth more than $116 billion at the time of writing, up from 24 companies at the end of Q1. Read more
Nigeria’s SEC Director-General Emomotimi Agama said the country welcomes stablecoin firms, marking a shift toward supportive crypto policy. Nigeria’s Securities and Exchange Commission (SEC) Director-General Emomotimi Agama said the country was open to stablecoin businesses that comply with local regulations. According to a Thursday report by English-language local news outlet, The Cable, Agama said stablecoin companies that complied with local regulations were welcome in Nigeria. “Nigeria is open for stablecoin business, but on terms that protect our markets and empower Nigerians,” he said. “We have onboarded some firms focused on stablecoin applications, all while ensuring compliance with core risk management principles,” Agama said, adding that those companies were admitted through the SEC’s regulatory sandbox. Read more
Although some Ripple executives initially suggested that RLUSD might be limited to institutional use, the stablecoin is gaining traction in retail. Update (July 25, 12:10 pm UTC): This article has been updated to correct information related to Ethereum-issued RLUSD and rectify previous information about EVM sidechain-issued RLUSD. Ripple USD, a stablecoin issued by XRP coin issuer Ripple, was initially marketed as an “enterprise-focused” stablecoin but has since gained traction among retail users. Ripple officially introduced its Ripple USD (RLUSD) stablecoin in late 2024, with CEO Brad Garlinghouse highlighting its institutional focus, setting RLUSD apart from competitors primarily focused on retail use. Read more
OSL said its latest milestone reflects “strong recognition” of its digital asset business model. Digital asset platform OSL Group has secured $300 million in equity financing, marking the largest publicly disclosed equity raise in Asia’s crypto sector to date. On Friday, the company announced that it will deploy the funds in three growth areas: acquisitions, global business initiatives like payments and stablecoin infrastructure and boosting its working capital. The raise is part of OSL’s broader strategy to expand its international presence. OSL described the raise as a “milestone” for the company that signals market recognition of its long-term trajectory and crypto business model. Read more
A record-breaking public sale, strategic acquisitions and ecosystem expansion mark Pump.fun’s rise, highlighting user-driven token distribution. Pump.fun limited token supply in the ICO and locked transfers for 72 hours, creating urgency and fueling retail FOMO. Over 10,000 wallets joined the sale, many pre-funded via PumpSwap, enabling rapid participation and fast capital inflow. The platform processed $448M directly on Solana, using its high-speed, low-fee design to complete the $500M sale in under 12 minutes. Read more6903 items