Cointelegraph.com
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Cointelegraph.com - 12:24 Jul 02, 2025
Multiple onchain Bitcoin metrics suggest that traders are holding back from making any risk moves. Key takeaways: Over $342.2 million in ETF outflows on Tuesday and weaker futures activity show traders becoming more defensive. Bitcoin traders are watching $106,500 support and significant resistance at $109,000. Read more -
Cointelegraph.com - 11:07 Jul 02, 2025
The European Central Bank will launch a blockchain settlement pilot by late 2026 under its new Pontes initiative, aiming to connect DLT platforms with the eurozone’s core payment systems. The European Central Bank (ECB) has approved a two-track plan to settle distributed ledger technology (DLT) transactions using central bank money, which could pave the way to modernizing Europe’s financial system. The first track, dubbed Pontes, will focus on a short-term solution by linking blockchain-based DLT platforms with TARGET Services, a suite of financial services developed and operated by the Eurosystem designed to facilitate the flow of payments and securities within the eurozone. A pilot for Pontes is expected to launch by the end of the third quarter of 2026, the ECB said Tuesday. This pilot will use insights from the ECB’s exploratory DLT trials in 2024, which involved over 50 experiments and 64 participants, to test a unified settlement system with central bank money. Read more -
Cointelegraph.com - 10:50 Jul 02, 2025
Bybit and OKX have both launched MiCA-compliant crypto exchanges in the EU, marking a significant push into Europe’s newly unified regulatory landscape. Update (July 2, 2025, at 2:10 pm UTC): This article has been updated to add commentary by Erald Ghoos, OKX Europe CEO. Crypto exchanges Bybit and OKX both launched fully regulated platforms in Europe this week as regulatory clarity continues to attract major exchanges to the bloc. According to a Wednesday announcement, crypto exchange Bybit.eu launched to serve European Economic Area (EEA) users with a Crypto-Asset Service Provider (CASP) license under the Markets in Crypto-Assets Regulation (MiCA) framework. Under the rules, Bybit’s Austria-based operations, established in late May, are licensed in 29 EEA countries. Read more -
Cointelegraph.com - 09:41 Jul 02, 2025
The Bitcoin halving cycle is unlikely to hurt the BTC price in the second half of 2025 due to strong ETF and corporate buying, Standard Chartered forecasts. Global bank Standard Chartered is bullish on Bitcoin for the rest of the year, citing increasing corporate treasury buying and strong exchange-traded fund (ETF) inflows. Standard Chartered expects Bitcoin (BTC) to print new highs of $135,000 by the end of the third quarter and then break $200,000 by the end of the year, the bank’s digital asset research head, Geoff Kendrick, said in a Wednesday report shared with Cointelegraph. “Thanks to increased investor flows, we believe BTC has moved beyond the previous dynamic whereby prices fell 18 months after a ‘halving’ cycle,” Kendrick said, adding that the common halving trend would have led to price declines in September or October 2025. Read more -
Cointelegraph.com - 22:15 Jul 01, 2025
SOL retraced its ETF rally, and with over 14% of supply concentrated at $144, holding this key support is critical to avoid a deeper correction. Key takeaways: SOL’s 5% ETF-driven rally to $160 was reversed entirely within 24 hours, exposing persistent technical weakness on the lower and higher time frames. SOL trades near a key $144.5–$147.7 supply cluster. A breakdown below $144 could trigger a drop to $124 or even $95–$100, where support thins out. Read more -
Cointelegraph.com - 22:14 Jul 01, 2025
Grayscale has slowly narrowed the arbitrage opportunities on its crypto trusts by converting them into exchange-traded funds. Asset manager Grayscale received approval from the US Securities and Exchange Commission (SEC) on Tuesday to convert its Digital Large-Cap Fund into an exchange-traded fund (ETF). The fund consists of the five biggest cryptocurrencies by market capitalization featured in the CoinDesk Five Index. Roughly 80.2% of the weighted fund is Bitcoin (BTC), followed by Ether (ETH) at 11.3%, while Solana (SOL) accounts for approximately 2.7% of the fund, XRP (XRP) commands over 4.8%, and Cardano's ADA (ADA) has a weighting of 0.81% in the fund. Read more -
Cointelegraph.com - 21:28 Jul 01, 2025
The United States Securities and Exchange Commission is reportedly considering simplifying the listing process for certain crypto ETFs. The United States Securities and Exchange Commission (SEC) is reportedly exploring a simplified listing structure for crypto exchange-traded funds (ETFs) that would automate a significant portion of the approval process. Under the proposed overhaul, ETF issuers could potentially sidestep 19b-4 application filings, the form entities submit to the SEC before listing a financial product on exchanges, according to crypto journalist Eleanor Terrett. Instead, issuers would submit SEC form S-1, the initial listing registration filing, and wait for 75 days. If the SEC does not object to the application, the issuer would be free to list the ETF, reducing the back-and-forth communication between fund managers and the regulator. Read more -
Cointelegraph.com - 21:15 Jul 01, 2025
A revisit to the $100,000 level seems likely now that BTC price slipped below two key support levels. Key point: Selling accelerated on Tuesday, raising the chance for a Bitcoin price drop to $104,000. Bitcoin (BTC) pulled back to $105,250 on Tuesday after failing to cross above the $109,000 mark on Sunday and Monday. Bitfinex analysts said in a market report that Bitcoin could have formed a local top or may enter a period of consolidation. Read more -
Cointelegraph.com - 20:13 Jul 01, 2025
Bitcoin selling intensified this week, but data shows an assortment of buyers absorbing the flow. Key takeaways: Bitcoin is stuck between $100,000–$110,000 as mid-to-long-term holders lock in profits. Despite the movement of older coins, one analyst sees this redistribution as typical in bull markets and believes the market is absorbing the selling pressure. Read more -
Cointelegraph.com - 20:13 Jul 01, 2025
Many provisions of the legislation, which received overwhelming support in the state House and Senate, take effect on Oct. 1. Connecticut Governor Ned Lamont has signed a bill into law restricting the use of digital assets in state government, including the establishment of a cryptocurrency reserve. On Monday, Lamont signed Connecticut House Bill 7082, which was previously approved by the US state’s House of Representatives and Senate. The legislation specifically prohibits the state government from “accepting or requiring payment in the form of virtual currency” or “purchasing, holding, investing in or establishing” a crypto reserve. The bill, introduced in February by state Representative Jason Doucette, also establishes requirements for crypto money transmission licensees in Connecticut. The provisions barring the state government from accepting crypto or establishing a digital asset reserve take effect on Oct. 1. Read more -
Cointelegraph.com - 18:52 Jul 01, 2025
The company offers crypto trading on the platforms that it manages, including the mixed-asset trading platforms Swissquote and Yuh. Swissquote, the online trading platform behind the crypto-friendly Yuh app, has been ordered by Swiss regulators to reduce the number of phishing and impersonation attempts targeting its platforms. More than 600 websites impersonating Swissquote platforms or attempting to defraud users through fraudulent login portals were discovered in the first half of 2025, according to Bloomberg. The Swiss Financial Market Supervisory Authority (FINMA) cited the Yuh platform, which also features crypto trading, as a major target of fraud campaigns perpetrated by scammers. Read more -
Cointelegraph.com - 18:27 Jul 01, 2025
Developers can build cross-platform Solana mobile apps with wallet integration, token actions and NFTs in just 15 minutes. Solana now offers a mobile-first developer toolkit with wallet adapters, transaction helpers and templates. Developers can use React Native to build iOS and Android apps simultaneously. Deep-link wallet connections (e.g., Phantom, Backpack) eliminate the need for custom back-end integrations. Read more -
Cointelegraph.com - 18:00 Jul 01, 2025
XRP trades in a tight range between $2 and $2.35, but the next price breakout could be driven by ETF speculators. Key points: XRP struggles to break above the $2.35 resistance, pointing to a lack of demand at higher levels. Rising odds of an XRP ETF approval could catalyze the next leg of an XRP rally. Read more -
Cointelegraph.com - 17:57 Jul 01, 2025
Wyoming Senator Cynthia Lummis had proposed that the legislation address double taxation for cryptocurrency miners and stakers. Republicans in the US Senate narrowly passed a budget reconciliation bill strongly pushed by President Donald Trump and heavily criticized by many members of both parties for concerns about healthcare cuts, artificial intelligence regulation and redistribution of wealth through tax cuts. In a 50-50 vote on Tuesday after more than 24 hours in session, the Senate passed the “One Big Beautiful Bill Act” with Vice President JD Vance acting as the tiebreaker. All Democrats in the chamber and three Republicans voted against the legislation, with many proposing amendments to address concerns around AI regulation and funding to rural hospitals. Amid debate on the bill, Wyoming Senator Cynthia Lummis suggested she would add a provision to address what she called “unfair tax treatment” of cryptocurrency miners and stakers. However, her proposed changes to the bill did not appear in amendments ... -
Cointelegraph.com - 17:47 Jul 01, 2025
Michael Saylor's tech company is expected to post over $13 billion in unrealized gains from its Bitcoin holdings in the second quarter of 2025. Strategy, the world’s largest corporate holder of Bitcoin, is expected to post mixed financials for the second quarter of 2025. According to a Bloomberg analysis on Tuesday, the company is projected to report more than $13 billion in unrealized gains for 2Q 2025, driven by its massive crypto holdings. In stark contrast, its core software business is forecast to generate just $112.8 million in revenue, reflecting a widening gap between its digital asset exposure and operational performance. Data from Bitcoin Treasuries shows that Strategy held 528,185 Bitcoin (BTC) as of Mar. 31, worth over $43.5 billion at the time. The company's holdings stood at $56.3 billion Monday, resulting in an unrealized gain of $12.8 billion during the past three months. Read more -
Cointelegraph.com - 17:22 Jul 01, 2025
Bitcoin exchange reserves drop to a seven-year low, signaling a potential supply shock as institutional buying from ETFs continues. Key takeaways: Bitcoin’s percent supply on exchanges has dropped below 15% for the first time since 2018. Depleting exchange supply and OTC balances, pointing to “supply shock” and long-term accumulation. Read more -
Cointelegraph.com - 16:48 Jul 01, 2025
Pi price turned bearish after key updates failed to boost momentum. A rebound from $0.47 is possible, but $0.66 remains a strong resistance level to clear. Key points: The recent announcement of two major features has failed to arrest the fall in PI price, but a bounce could start from $0.47. Pi (PI) announced the release of two major features on Friday, but the news has failed to ignite the markets. Read more -
Cointelegraph.com - 16:48 Jul 01, 2025
Protect Progress, an affiliate of the cryptocurrency-backed Fairshake PAC, spent more than $1 million on media buys to support Democratic candidate James Walkinshaw. James Walkinshaw, a Democratic candidate seeking to replace the late Representative Gerry Connolly for Virginia’s 11th Congressional District, won a party primary after a cryptocurrency-backed political action committee (PAC) spent more than $1 million to support his race. On Saturday, Democrats in Virginia’s 11th district held a firehouse primary to decide on a possible replacement for Connolly after his death while in office. A special election to determine who will represent the district will be held on Sept. 9. Walkinshaw beat out other candidates to become the Democratic nominee for the House seat, and the cryptocurrency industry may have played a role in his success, given reports of media buys by the Protect Progress PAC. According to Federal Election Commission filings, the committee spent more than $1 million to support Walkinshaw in Jun... -
Cointelegraph.com - 15:55 Jul 01, 2025
Marketed with Trump’s name but lacking a white paper or utility, the TRUMP token surged to a multibillion-dollar valuation before crashing. The Trump-themed memecoin surged to a multibillion-dollar valuation despite lacking a white paper, a roadmap or a clear purpose beyond speculation. Launched on Jan. 17, 2025, on the Solana blockchain, the TRUMP memecoin quickly became one of the most controversial political tokens to date. Though marketed with Donald Trump’s name, the project initially disclaimed any political or financial purpose. Read more -
Cointelegraph.com - 15:00 Jul 01, 2025
Crypto hacks underscore the urgent need for CEXs and DeFi to overhaul their security, collaborate on risk management and embrace self-regulation. Opinion by: Orest Gavryliak, chief legal officer, 1inch Labs The Bybit breach in February smashed the record for the biggest hack in crypto history. More than $1.4 billion was stolen by North Korean cybercriminals in the blink of an eye, with the audacious heist making headline news around the world. Now, as TRM Labs reports, $2.1 billion worth of crypto has been lost to attacks in the first half of 2025. That’s an exorbitant amount of money, and yet, the hacks seem set to continue. Read more
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