Cointelegraph.com
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Cointelegraph.com - 18:35 Jul 12, 2025
Animoca Brands joins a growing list of companies adopting a Bitcoin treasury strategy or expanding their existing Bitcoin reserves. Web3 company Animoca Brands signed a non-binding memorandum of understanding (MOU) with DayDayCook (DDC) Enterprise, a meal-prep and packaged food company that recently adopted a Bitcoin (BTC) treasury strategy, to manage Animoca’s BTC holdings and generate a yield on those reserves. Animoca will allocate up to $100 million in BTC as part of the deal, according to a joint announcement from Thursday. Animoca Brands co-founder and executive chairman Yat Siu told Cointelegraph that DDC Enterprise was chosen in part because of CEO Norma Chu and her ability to cultivate a “substantial non-crypto following,” introducing the asset sector to the general public, which may not have had an interest in crypto otherwise. Siu also said: Read more -
Cointelegraph.com - 17:22 Jul 12, 2025
Venture capitalists and the Solana community touted the ICO as a showcase for capital formation in the age of internet capital markets. Memecoin launch platform Pump.fun raised $500 million in an initial coin offering (ICO) on Saturday, which sold out in about 12 minutes. The PUMP token has a maximum supply of 1 trillion, and 33% of the supply was allocated to the ICO. 24% of the supply was allocated to the ecosystem and future community projects, while 13% was reserved for existing investors, according to the memecoin platform. Of the 33% ICO allotment, 18% went to institutional investors, and 15% was offered to retail traders. Pump.fun’s ICO may signal the return of the memecoin sector, which experienced a sharp downturn after being one of the highest-performing asset classes in 2024. The public token sale also portends the resurgence of initial coin offerings, which fizzled out due to regulatory pressure in the United States under the reign of former Securities and Exchange Commission (SEC) chairman Gary G... -
Cointelegraph.com - 15:00 Jul 12, 2025
The next wave of Web3 neobanks won’t be standalone apps; they'll be embedded within platforms people already use. Opinion by: Vlad Kamyshov, CEO of Evaa Protocol The race to build the next big Web3 neobank is missing the point. Most projects are still focused on launching standalone apps, creating new interfaces and rebuilding user acquisition strategies from the ground up. It’s a familiar playbook, and increasingly an outdated one. In crypto, the next generation of finance won’t ask users to switch apps; it’ll meet them where they already are. Telegram and The Open Network (TON) aren’t trying to become neobanks themselves. They’ve already moved beyond that contest — one where Revolut and Monzo still fight for share. Together, they offer what nearly every crypto banking product lacks: a built-in audience, an intuitive interface, distribution embedded inside existing user flows and the rails to deliver instant financial utility. Read more -
Cointelegraph.com - 14:35 Jul 12, 2025
Veer Chetal, a 19-year-old hacker, used social engineering to steal $243 million in Bitcoin, then exposed his identity during a livestream and reoffended while out on bail. Social engineering attacks are a potent weapon that scammers use to compromise crypto wallets and steal funds from victims. Court documents reveal that this was the tactic used to target the Gemini creditor in this case. In August 2024, about 4,100 BTC worth $243 million vanished overnight from a single victim’s account. Three gamers, turned self-taught hackers, siphoned off the Bitcoin (BTC) after successfully gaining access using social engineering tactics. But this was just the start of a bizarre case, especially for the youngest thief, 19-year-old Veer Chetal. Read more -
Cointelegraph.com - 12:56 Jul 12, 2025
Asia’s regulatory frameworks in tokenization are attracting global investors, with Japan and Hong Kong setting the pace for real-world asset adoption. Asia’s leadership in tokenization is drawing growing attention from global investors, with regulatory clarity in the region attracting capital that was once on the sidelines, according to Maarten Henskens, head of protocol growth at Startale Group. “We’re seeing Western institutions set up Asia-Pacific operations not just to follow capital, but to participate in innovation,” he told Cointelegraph. Henskens pointed out the distinct yet complementary approaches taken by Japan and Hong Kong to advance real-world asset (RWA) adoption. Japan’s regulatory framework has been deliberate and forward-looking, establishing a strong foundation of institutional trust. “MUFG’s infrastructure for security token issuance is a good example of how the ecosystem is maturing,” he noted. Read more -
Cointelegraph.com - 10:21 Jul 12, 2025
Binance co-founder CZ has dismissed a Bloomberg report linking him to the Trump-backed USD1 stablecoin, threatening legal action over alleged defamation. Binance co-founder and former CEO Changpeng “CZ” Zhao has rejected a recent Bloomberg report linking him to a stablecoin issued by World Liberty Financial (WLF), one of the crypto businesses tied to US President Donald Trump. In a post on X responding to the investigation, Zhao called the article a “hit piece (sponsored by a competitor)” filled with “so many factual errors” that he “doesn’t even know where to begin.” He added, “Might have to sue them again for defamation.” The Bloomberg report claimed Binance developed the original smart contract code for USD1, a stablecoin issued by World Liberty Financial, a company affiliated with former President Donald Trump. Read more -
Cointelegraph.com - 07:36 Jul 12, 2025
BlockFi’s bankruptcy administrator and the DOJ have settled a $35 million crypto asset transfer lawsuit. The administrator overseeing BlockFi’s bankruptcy wind-down and the US Department of Justice (DOJ) have reached a settlement to dismiss a $35 million crypto asset transfer lawsuit involving the crypto lender. The agreement was approved by Judge Michael B. Kaplan of the US Bankruptcy Court for the District of New Jersey on Friday, according to court filings. The lawsuit, filed in May 2023, sought to transfer over $35 million in crypto assets from BlockFi to the US government. The DOJ said it had warrants to seize the funds from the BlockFi accounts of two Estonian citizens in a criminal fraud case unrelated to BlockFi’s bankruptcy. Read more -
Cointelegraph.com - 06:39 Jul 12, 2025
US-based spot Bitcoin ETFs saw over $1 billion in inflows on two straight days for the first time ever, as Bitcoin hit new all-time highs this week. US-based spot Bitcoin ETFs recorded over $1 billion in daily inflows for the second consecutive day on Friday, marking the first time since their January 2024 launch that they’ve seen two back-to-back days with ten-digit inflows. On Friday, the 11 spot Bitcoin (BTC) ETF products recorded total inflows of $1.03 billion, following $1.17 billion in inflows the day before, according to Farside data. NovaDius Wealth Management president Nate Geraci said in an X post that since the January 2024 launch, there have been only seven inflow days exceeding $1 billion, two of which occurred in the past two days. Before that, the last was on Jan. 17, with $1.07 billion. Read more -
Cointelegraph.com - 05:11 Jul 12, 2025
Crypto analyst Matthew Hyland suggests altcoins will be “ripping” much more when Bitcoin Dominance drops to 45%. A crypto analyst suggests altcoins may have plenty more upside, as many are already surging without pulling much market share from Bitcoin. “BTC dominance hasn’t even sneezed and Alts are ripping,” crypto analyst Matthew Hyland said in an X post on Friday. TradingView shows Bitcoin (BTC) Dominance is 64.46% at the time of publication, down just 1.53% over the past week, while altcoins saw significant price spikes amid Bitcoin reaching new all-time highs on Wednesday, Thursday, and reaching $118,760 on Friday. Read more -
Cointelegraph.com - 02:07 Jul 12, 2025
Santiment data shows the number of XRP whales has just hit an all-time high as the price of XRP continues to rally. The number of crypto wallets holding at least 1 million XRP tokens has reached an all-time high, coinciding with a 26% surge in XRP’s price over the past week. “Not only are there more XRP whales than ever, but the total supply they hold is also increasing,” onchain analytics platform Santiment said in a report on Friday, noting that the number of wallets holding over 1 million XRP (XRP) tokens has surged to a new all-time high of 2,743. “XRP is also showing signs of strength,” Santiment said. “This dual trend is a very positive sign for the fourth-largest crypto asset,” they added. Read more -
Cointelegraph.com - 23:23 Jul 11, 2025
Bitcoin’s parabolic rally could last until Christmas with a cycle top near $300,000, according to one analyst. Key takeaways: Bitcoin is ahead of its long-term “power law” curve, historically leading to euphoric price highs in previous cycles. A falling dollar and anticipated Federal Reserve interest rate cuts may trigger a broader risk-on rally, with Bitcoin as a major beneficiary. Read more -
Cointelegraph.com - 22:02 Jul 11, 2025
US President Donald Trump has issued five pardons for figures in the crypto and blockchain industries, and may have received requests from Changpeng Zhao and Sam Bankman-Fried. Anatoly Legkodymov, a Russian national and former CEO of cryptocurrency exchange Bitzlato, reportedly requested a federal pardon from US President Donald Trump after a 2023 guilty plea and serving 18 months in prison. According to a Friday report from the Russian state media outlet TASS, Legkodymov’s legal team officially asked Trump for a presidential pardon after he pleaded guilty to operating an unlicensed money transmitting business. Legkodymov was indicted in January 2023, pleaded guilty in December, and was sentenced to time served in July 2024 after being in custody for about 18 months. “Anatoly [...] became a target in a political campaign against the crypto market and talented Russian programmers,” said Ivan Melnikov, vice president of the Russian branch of the International Committee for Human Rights, according to TASS. “His... -
Cointelegraph.com - 21:07 Jul 11, 2025
French J3 cybercrime unit launches probe into X’s algorithm as EU scrutiny intensifies. The French Public Prosecutor’s Office has opened an investigation into X over the alleged use of its algorithm for foreign interference. According to a statement from Magistrate Laure Beccuau on Friday, prosecutors have launched a probe into whether X violated French law by manipulating its algorithms to extract user data fraudulently. The investigation was launched after two reports were submitted to the Paris Public Prosecutor’s Office’s cybercrime division on Jan. 12 — one by MP Éric Bothorel, a member of French President Emmanuel Macron’s Ensemble Pour La Republique party, and another by a senior government official whose identity was not disclosed. Read more -
Cointelegraph.com - 20:47 Jul 11, 2025
House Republicans announced a "crypto week" to consider three digital asset bills starting on Monday, but Democratic leaders are pushing back. The political division in the US Congress over digital assets seems to be deepening as top Democrats in the House of Representatives have announced their agenda following Republicans’ push to address three crypto-related bills starting on Monday. In a Friday notice, House Financial Services Committee ranking member Maxine Waters and the digital assets subcommittee ranking member Stephen Lynch said they would lead Democrats in opposition to Republican efforts to pass what they called “dangerous” legislation. Republican leaders said earlier this month that they would address bills on payment stablecoins, crypto market structure and central bank digital currencies (CBDCs) starting Monday. Read more -
Cointelegraph.com - 20:00 Jul 11, 2025
Ego Death Capital raises $100 million for Bitcoin startups, while Robinhood face scrutiny over its equity token offerings. Crypto and blockchain venture capital came roaring back in the second quarter, with startups raising a combined $10 billion during the period. For venture capital firm Ego Death Capital, however, it’s Bitcoin (BTC) — not broader crypto — that will drive the future of secure decentralized finance. Earlier this week, the firm announced a new $100 million fund dedicated to investing in early-stage Bitcoin companies. Meanwhile, Robinhood is doubling down on its tokenization push, even as European regulators scrutinize its so-called “private equity” offerings. While Robinhood has long been active in digital assets, its deeper commitment to the space has helped propel its stock to all-time highs. Read more -
Cointelegraph.com - 19:34 Jul 11, 2025
As Bitcoin price hits new highs and altcoins soar, traders are curious to know if a new super cycle has begun. Key takeaways: Institutional flows are growing, but retail interest and App Store rankings remain unusually low. A weakening US dollar or major ETF adoption could push the crypto market cap well above its previous highs. Read more -
Cointelegraph.com - 19:31 Jul 11, 2025
The discontinuance of USDt on these blockchains has been in the works for years, as Tether looks to pivot its strategy to other protocols. Tether is discontinuing redemptions for USDt (USDT) on five legacy blockchains starting Sept. 1, the company announced on Friday. The move affects users of Omni Layer, Bitcoin Cash SLP, Kusama, EOS (now Vaulta), and Algorand. “Sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement,” Paolo Ardoino, CEO of Tether, said in a statement. Tether’s sunsetting of support for these particular blockchains has been in the works for some time. In August 2023, the company announced it would no longer be issuing USDt on the Omni Layer, Kusama, and Bitcoin Cash SLP. In June 2024, Tether halted minting on EOS and Algorand. Read more -
Cointelegraph.com - 18:52 Jul 11, 2025
AI tools like Grok and ChatGPT are changing how traders approach crypto day trading, spotting sentiment shifts in real time and turning them into structured trade plans. Grok detects real-time sentiment spikes from X that often precede short-term price movements, but not all spikes are reliable. ChatGPT turns those signals into trade plans, helping structure entries, exits and risk parameters based on technical and fundamental context. AI tools don’t replace judgment. You’ll learn how to add volume filters, whale flow checks and confirmation rules to avoid emotional or manipulated trades. Read more -
Cointelegraph.com - 18:08 Jul 11, 2025
The S&P 500 Index has staged a remarkable turnaround since April, but its performance still lags considerably behind BTC. The US stock market’s V-shaped recovery since April has driven the S&P 500 Index to record highs — yet measured in Bitcoin, the benchmark is still down significantly this year, underscoring the digital asset’s strong outperformance. On Thursday, the S&P 500 Index closed at a record high of 6,280.46, extending its year-to-date gain to 7%. However, when measured in Bitcoin (BTC), the large-cap index is down 15% so far in 2025, according to market commentator The Kobeissi Letter. Citing data from Bitbo, The Kobeissi Letter also pointed out that the S&P 500 has dropped a staggering 99.98% against Bitcoin since 2012. Read more -
Cointelegraph.com - 18:00 Jul 11, 2025
Solana’s memecoin race gets a shakeup as LetsBonk overtakes Pump.fun in daily revenue, while TradFi and DeFi move closer to convergence. Pump.fun lost the top spot in the Solana memecoin launchpad rankings for the first time since its release, hinting at a shift in the memecoin sector. As Cointelegraph previously reported, a newly created memecoin launchpad called LetsBonk flipped Pump.fun in daily protocol revenue, according to DefiLlama. While overall network activity shows a potential reshuffle instead of an expansion, some metrics indicate that Solana may be on the rise, with a potential expansion in memecoin activity. In addition, decentralized finance (DeFi) and traditional finance (TradFi) may converge sooner than people think. Nelli Zaltsman, head of blockchain payments innovation at JPMorgan’s Kinexys, said this could happen in the next few years. Read more
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