Cointelegraph.com
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Cointelegraph.com - 12:48 Jul 08, 2025
Robinhood’s EU tokenized equity launch draws a wave of private company interest and regulatory scrutiny. Robinhood is seeing a surge of interest from private companies eager to tokenize their shares after the firm launched its stock token platform in the European Union last week. In a Tuesday interview with Bloomberg News, CEO Vlad Tenev said the company has received a wave of requests from private firms looking to make their equity accessible to retail investors through blockchain-based tokens on their platform. “Since our announcement, I’ve had a deluge of inquiries, private companies that actually want to access retail to have their shares tokenized and be a part of this revolution,” he said. Read more -
Cointelegraph.com - 12:10 Jul 08, 2025
Pakistan has established the Pakistan Virtual Assets Regulatory Authority (PVARA) to oversee and regulate the country’s crypto sector. Pakistan’s federal government has launched the Pakistan Virtual Assets Regulatory Authority (PVARA), a new body tasked with overseeing the country’s digital asset industry. According to a Tuesday report by English-language local news outlet Dawn, PVARA will operate as an independent regulator tasked with licensing, monitoring and supervising virtual assets service providers. It will also ensure compliance with international standards, including alignment with guidelines from the Financial Action Task Force (FATF). The report follows a late May announcement by Pakistan’s Ministry of Finance, which endorsed the creation of the regulatory body. Muhammad Aurangzeb, Pakistan’s Federal Minister for Finance and Revenue, said that the country “must regulate not just to catch up, but to lead.” Read more -
Cointelegraph.com - 11:12 Jul 08, 2025
Shares of Kakao Bank, Kookmin Bank and the Industrial Bank of Korea rose by 10% to 19% following stablecoin trademark applications. Shares of major South Korean banks surged following trademark filings for stablecoins, signaling growing institutional interest in digital assets. According to Google Finance data, at least three South Korean banks that recently applied for Korean won stablecoin trademarks saw their stock prices increase by 10% to almost 20%. The market reaction suggests investor optimism around the banks’ potential entry into the cryptocurrency sector. The filings came shortly after the inauguration of the country’s 21st president, Lee Jae‑myung, on June 4. His campaign included crypto-friendly promises, including the development of a Korean won-pegged stablecoin. Read more -
Cointelegraph.com - 10:26 Jul 08, 2025
The TON Foundation could have avoided its golden visa controversy in the UAE with a brief legal review, a local lawyer told Cointelegraph. The Open Network (TON) Foundation’s golden visa slip-up in the United Arab Emirates (UAE) highlights the need for legal compliance and proper review, a local lawyer said. A premature announcement about TON’s UAE golden visa aimed to benefit the community but ran into complex local crypto rules, according to NeosLegal founder Irina Heaver. With five regulators overseeing crypto asset service providers’ (CASP) activity in the UAE and strict marketing rules by Dubai’s Virtual Assets Regulatory Authority (VARA), ensuring local compliance requires proper legal assessment. Read more -
Cointelegraph.com - 10:18 Jul 08, 2025
XRP price flips key breakout zone into support, but significant overhead resistance from the 200-day SMA at $2.36 remains the most important barrier for the bulls. Key takeaways: XRP price needs to break above the $2.20-$2.30 range and 200-day SMA at $2.36 to clear a path to $3. XRP/BTC breaks multimonth downtrend as RSI shows a bullish divergence. Read more -
Cointelegraph.com - 22:03 Jul 07, 2025
Ether has appreciated nearly 90,000% in the 10 years since the two Ethereum wallets received their coins. Two Ethereum wallets dormant for nearly a decade were activated on Monday, moving a combined 1,140 Ether tokens worth nearly $2.9 million. The two wallets — one starting in “0x27” and the other “0x7f” — were created 3,630 days ago, on July 30, 2015. That date marked the mainnet launch of the Ethereum blockchain, a phase called “Frontier” in the history of the ecosystem. Both wallets received their inicial Ether (ETH) from transactions labeled as “GENESIS” on Etherscan, indicating they were funded at launch. Ethereum debuted in 2015 as a proof-of-work blockchain, featuring traditional mining and block rewards akin to the Bitcoin network. It transitioned to a proof-of-stake mechanism in September 2022 during The Merge, a move aimed at reducing the energy usage required to run the network. Read more -
Cointelegraph.com - 21:16 Jul 07, 2025
"This was more about staying safe than suddenly getting rich," said a crypto user who converted a 100-BTC Casascius bar they bought in 2012. A crypto user who had held physical Bitcoin for roughly 13 years talked to Cointelegraph about what led to his decision to finally move the coins to a wallet. On May 13, a BitcoinTalk user going by the pseudonym “John Galt” said they had moved 100 Bitcoin (BTC) from a physical Casascius bar to a hardware wallet. Casascius bars and coins are physical representations of different amounts of Bitcoin, with the private keys to access them attached to film on the objects themselves. Galt said he had purchased the bar in 2012 when the BTC price was under $100. Read more -
Cointelegraph.com - 21:00 Jul 07, 2025
Traders are unwinding their bearish positions as Bitcoin holds strong, fueling optimism for a potential breakout to $120,000. Key takeaways: Bitcoin derivatives show reduced demand for downside protection, suggesting renewed investor confidence. US import tariff hikes on Japan and South Korea intensified recession fears, boosting Bitcoin’s appeal as a hedge. Read more -
Cointelegraph.com - 20:56 Jul 07, 2025
Robinhood’s OpenAI and SpaceX tokens are controversial, but the fine print indicates that they offer indirect exposure to these companies through derivatives. Robinhood’s stock token offerings are under regulatory scrutiny in the European Union after OpenAI warned investors that the digital brokerage’s so-called OpenAI tokens do not represent any equity stake in the company. OpenAI’s warning prompted an inquiry by Lithuania’s central bank, which serves as Robinhood’s primary regulator in the region. The Bank of Lithuania is “awaiting clarifications” regarding Robinhood’s stock token offerings linked to OpenAI and SpaceX, CNBC reported on Monday, citing Giedrius Šniukas, a spokesperson for the Bank of Lithuania. Read more -
Cointelegraph.com - 20:32 Jul 07, 2025
CleanSpark reached 50 EH/s in operational hashrate in June, increasing its total Bitcoin holdings to 12,608 BTC even with significant monthly sales. CleanSpark’s Bitcoin output has surged more than 50% year-over-year, despite the challenges posed by the post-halving environment for BTC miners. The company posted an operational hashrate of 50 EH/s in June from 20.4 EH/s a year earlier, representing a 145.1% jump in mining capacity. Last month, it mined 685 BTC worth $74.2 million at current prices, from 445 BTC mined in June 2024. EH/s stands for exa hash per second, a measurement of computational power. "The tireless efforts of our operations and technology teams resulted in the addition of over 10 EH/s of capacity across four states to achieve the ambitious target,” said in a statement Zach Bradford, CEO and president of CleanSpark. “This represents a 9.6% month-over-month increase.” Read more -
Cointelegraph.com - 19:34 Jul 07, 2025
The dismissal came days before Tornado Cash developer Roman Storm was scheduled to face charges in US federal court. The US Court of Appeals for the Eleventh Circuit has dismissed an appeal filed by crypto advocacy organization Coin Center against the US Treasury Department over its Office of Foreign Assets Control’s 2022 sanctions against the Tornado Cash mixing service. In a Thursday filing, the appellate court granted a motion to vacate a lower court ruling and remand with instructions to dismiss as part of a joint filing with Coin Center and the US Treasury. The dismissal, according to the court, would essentially conclude Coin Center’s legal challenge against the Treasury’s Office of Foreign Assets Control (OFAC). In 2022, OFAC added multiple wallet addresses connected to Tornado Cash to its list of sanctioned entities. Coin Center filed a lawsuit alleging that the Treasury Department “exceeded [its] statutory authority” in the sanctions, though there were other lawsuits filed by interested parties, incl... -
Cointelegraph.com - 19:20 Jul 07, 2025
Bitcoin futures show rising long-side buy pressure as open interest surges. Key takeaways: Bitcoin futures open interest has climbed +7% in 30 days, suggesting a bullish shift in sentiment. A Bitcoin market momentum indicator shows that long-side buy pressure is rising. Read more -
Cointelegraph.com - 18:01 Jul 07, 2025
Looking to live tax-free with crypto in 2025? These five countries, including the Cayman Islands, UAE and Germany, still offer legal, zero-tax treatment for cryptocurrencies. Cayman Islands: No income, capital gains or corporate tax — ideal for crypto traders and funds. UAE: Zero tax on all crypto activity across all emirates, plus strong regulatory clarity. El Salvador: Bitcoin is legal tender with full tax exemption and growing national adoption. Read more -
Cointelegraph.com - 17:52 Jul 07, 2025
Bitcoin failed to overcome resistance at $110,500, but charts suggest bulls will continue buying dips in BTC and altcoins. Key points: Bitcoin is facing selling near $110,500, but the bulls are expected to aggressively defend BTC price at its key moving averages. XRP is trying to break above its immediate overhead resistance level. Read more -
Cointelegraph.com - 17:30 Jul 07, 2025
Vietnam is leveraging crypto regulation to meet FATF standards, combat digital asset fraud and rebuild its international financial reputation. On June 14, 2025, Vietnam’s National Assembly approved the Law on Digital Technology Industry, effective Jan. 1, 2026. Vietnam’s crypto regulation is part of a broader effort to meet FATF standards after being gray-listed in 2023 due to AML/CFT deficiencies. The law distinguishes between crypto assets (e.g., Bitcoin, Ether) and virtual assets (non-financial digital items), excluding CBDCs and securities. Read more -
Cointelegraph.com - 17:23 Jul 07, 2025
Bit Digital is now the second-largest publicly traded ETH holder, behind Coinbase. Digital asset company Bit Digital has pivoted its corporate treasury strategy from Bitcoin to Ether, saying the shift reflects its conviction that Ethereum will “rewrite the entire financial system.” Bit Digital used $172 million in proceeds from a recent public offering, along with funds from the sale of 280 Bitcoin (BTC), to acquire Ether (ETH), the company disclosed on Monday. As of the end of the first quarter, Bit Digital held 24,434 ETH — a position that has since grown to 100,603 ETH. The company's stock, which trades under the symbol BTBT, surged more than 29% on the news, bringing its market capitalization back above $1 billion. Read more -
Cointelegraph.com - 16:08 Jul 07, 2025
The TON Foundation distanced itself from initial Golden Visa claims, saying the move is an independent initiative with no official backing from the United Arab Emirates government. The foundation behind The Open Network (TON) has released a statement clarifying its role in a program that could lead to legal residency in the United Arab Emirates (UAE) following conflicting reports over the weekend. In a Monday blog post, the TON Foundation said it was in the “early stages of development” with a licensed partner to explore the creation of a UAE Golden Visa. The group added that any authority for the program rested entirely with the UAE government entities and was subject to applicable laws and regulations. “To clarify, no official Golden Visa program has launched in partnership with the government of the United Arab Emirates, nor has any governmental endorsement been granted to TON,” said the foundation. Read more -
Cointelegraph.com - 16:07 Jul 07, 2025
Despite Ether’s repeated rejection at $2,800, more bullish signs suggest that ETH price is still on its way toward $5,000 in 2025. Key takeaways: Ethereum ETF inflows reflect persistent demand from institutions. ETH supply on exchanges hits eight-year low alongside rising whale accumulation. Read more -
Cointelegraph.com - 15:28 Jul 07, 2025
CoreWeave acquires Bitcoin mining giant Core Scientific for $9 billion in an all-stock deal, boosting its data center capacity for AI and high-performance computing. AI infrastructure provider CoreWeave (CRWV) has finalized its acquisition of Core Scientific (CORZ), aiming to expand its data center capacity to support artificial intelligence and high-performance computing (HPC) workloads. The deal values Core Scientific at approximately $9 billion through an all-stock transaction. Under the terms of the agreement, existing Core Scientific shareholders will receive 0.1235 shares of newly issued CoreWeave Class A common stock for each CORZ share they hold, CoreWeave announced Monday. “Through this acquisition, CoreWeave will own approximately 1.3 GW of gross power across Core Scientific’s national data center footprint with an incremental 1 GW+ of potential gross power available for expansion,” the announcement said. Read more -
Cointelegraph.com - 15:00 Jul 07, 2025
The collapse of play-to-earn gaming has exposed the dangers of tying fun to financial speculation. A new play-to-own model offers a sustainable future over speculative rewards. Opinion by: Tobin Kuo, founder and CEO at Seraph The play-to-earn (P2E) model has largely collapsed, which promised a future in which anyone could grind digital gold and cash out for real-world income. Funding for Web3 games dropped more than 70% in Q1 2025, major projects have shut down, and player engagement is declining at a staggering rate. Read more
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