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The company plans to offer the most popular US stocks as ERC-20 tokens on the Ethereum network, enabling 24/5 trading and DeFi integration. Trading and investing platform eToro has announced plans to launch tokenized US stocks as ERC-20 tokens on the Ethereum blockchain. The upcoming rollout will include the 100 most popular US-listed stocks and ETFs, tradable 24/5 as blockchain-based assets, the company said on Tuesday. According to eToro, users will eventually be able to transfer tokenized stocks off the platform into self-custody or DeFi protocols. “Yes—that is 100% the objective here,” a spokesperson told Cointelegraph. Read more
XRP futures data shows neutral sentiment despite the altcoin’s double-digit price drop from $3.66. Key takeaways: XRP open interest remains elevated despite the recent drop, suggesting traders are still holding leveraged positions. Low onchain activity on the XRP Ledger raises doubts about sustainable price gains above the $3 resistance level. Read more
If passed, the legislation could give more weight to a US housing regulatory agency’s June order to consider certain digital assets for mortgage loan risk assessments. Wyoming Senator Cynthia Lummis has introduced a law that could codify an order from a US housing regulatory agency for mortgage purchasers to consider digital assets in applications. In a Tuesday notice, Lummis said her proposed bill, the 21st Century Mortgage Act, would take congressional action following a June order from the US Federal Housing Finance Agency (FHFA). In that order, US mortgage purchasers Fannie Mae and Freddie Mac would be required to “consider cryptocurrency as an asset for single-family loans.” “This legislation embraces an innovative path to wealth-building keeping in mind the growing number of young Americans who possess digital assets,” said Lummis. Read more
SEC Chair Paul Atkins said the new rules will make crypto exchange-traded products "less costly and more efficient." The US Securities and Exchange Commission (SEC) has approved in-kind creation and redemption for cryptocurrency exchange-traded products (ETPs), giving authorized representatives the ability to exchange shares directly for the underlying crypto assets instead of cash. In a Tuesday announcement, the securities regulator stated that approved Bitcoin (BTC) and Ether (ETH) funds will be permitted to create and redeem shares on an in-kind basis. “It’s a new day at the SEC, and a key priority of my chairmanship is developing a fit-for-purpose regulatory framework for crypto asset markets,” SEC Chairman Paul Atkins said in a statement. Read more
Bitcoin eyes upside breakout to $122,000, but fading spot ETF flows, lack of volumes and seasonality could stall bullish momentum thereafter. Key takeaways: Bitcoin targets $122,000, where $2 billion in short liquidations are clustered but Q3 seasonal data hints at downside. A falling RSI, spot BTC ETF outflows, and low trading volumes point to weakening bullish momentum. Read more
Both prosecutors and defense attorneys have made statements in court about a T-shirt Roman Storm wore at a 2019 Ethereum conference in Boston. Before Roman Storm’s defense attorneys rested their case on Tuesday, one matter that seemed to provoke some controversy in the courtroom was a T-shirt the Tornado Cash co-founder and developer wore at a crypto event in 2019. During opening statements in the US District Court for the Southern District of New York, both prosecutors and Storm’s lawyers reportedly brought up a Tornado Cash T-shirt the developer wore, which claimed to “wash” Ether (ETH) through the mixing service. A video posted by a 2019 ETHBoston attendee appeared to show Storm wearing the shirt, which stated “I keep my Ether clean with Tornado.cash,” showing a washing machine that resulted in “clean” ETH. Read more
With its stock trading below net asset value, BitMine has chosen to focus on buybacks instead of further growing its ETH reserve. BitMine Immersion, a Bitcoin mining company and Ether's largest publicly traded holder, has announced the approval of an open-ended $1 billion stock buyback program to repurchase its outstanding shares through open market or negotiated transactions. With shares trading below the company’s net asset value (NAV), BitMine has opted to repurchase its stock rather than allocating more capital to expand its Ether (ETH) reserve, at least for now. The company’s NAV per share is estimated at $22.76, witth crypto holdings of 625,000 ETH and 192 Bitcoin (BTC), according to a press release on Monday. Rather than continue accumulating ETH at elevated prices, BitMine is using the NAV gap as a trigger for buybacks, aiming to increase per-share value and investor exposure to Ethereum reserves. Read more
Surging ETH and BNB activity, alongside shifting USDT flows, are all signals that traders are pivoting into altcoins. Key takeaways: The dominance of Ether’s futures volume surpassed Bitcoin for the first time since 2022. Tron-ecosystem stablecoin activity rose, pointing to capital inflows into the altcoin ecosystem. Read more
Traders are betting big on Bitcoin as calm markets and record-low volatility mask the bull’s intentions. Key takeaways: The Bitcoin Implied Volatility Index has fallen to its lowest level since September 2023, hinting at a potential breakout. The short-term holder realized cap drawdown is at -8%, which is historically a bullish accumulation zone. Read more
A vote on prospective CFTC Chair Brian Quintenz was taken off the Senate Agriculture Committee’s agenda on Monday as the chamber heads into recess. The Senate Agriculture Committee has pulled a planned hearing on Brian Quintenz’s nomination to chair the Commodity Futures Trading Commission (CFTC), following a request from the White House just days before lawmakers leave for August recess. In an update to the committee’s schedule on Monday, chair John Boozman and ranking member Amy Klobuchar said lawmakers would not consider Brian Quintenz’s nomination to chair the CFTC. A spokesperson for the committee told Cointelegraph that consideration of Quintenz’s nomination was removed following a request from the White House. Cointelegraph reached out to the White House for comment but had not received a response at the time of publication. Read more
The Nasdaq-listed biotechnology firm is raising $425 million for its ETH strategy, joining a parade of penny stocks investing in cryptocurrencies as their business flounders. Nasdaq-listed 180 Life Sciences Corp plans to invest heavily in Ether and rebrand as ETHZilla Corporation, a strategic pivot away from its biotechnology origins amid mounting losses. On Tuesday, the company announced a $425 million private placement aimed at building an Ether (ETH) treasury reserve. The funds are being raised through a private investment in public equity (PIPE) deal involving the sale of common stock, a structure often used by crypto-focused investors. Additionally, the company disclosed it has approval to issue up to $150 million in debt securities. Read more
Bitcoin prepares for an impulse move, and if the upside is taken, ETH, BNB, AVAX and PENGU could explode higher. Key points: Bitcoin is preparing for a range expansion in the next few days, and the trend favors the bulls. ETH, BNB, AVAX, and PENGU are looking set for a possible upside move. Read more
ETH continues to show strength with record open interest and high network activity as bulls expect an upside breakout soon. Key takeaways: Ether’s open interest has doubled since June 22 to a record high of $58 billion. High network activity and a record stablecoin supply signal strong demand. Read more
Backed by Cantor Fitzgerald, Tether and SoftBank, Twenty One Capital now holds over 43,500 BTC, surpassing early projections, according to Bloomberg. Cantor Fitzgerald-backed Twenty One Capital has significantly increased its Bitcoin (BTC) holdings, expanding its treasury beyond the amount announced at launch, highlighting the accelerating race to accumulate the digital asset. The Bitcoin treasury firm, which launched in April with a mission to amass the digital asset, has added approximately 5,800 BTC from stablecoin issuer Tether, Bloomberg reported on Tuesday. By Bloomberg’s estimation, Twenty One Capital’s total Bitcoin holdings have now reached at least 43,500 BTC, roughly 1,500 BTC more than the company had initially projected. Read more
BTC price action turns weaker after the Wall Street open, with Bitcoin market participants bracing for lower levels despite bullish US macro data. Key points: Failure to reclaim $120,000 could spell trouble for Bitcoin bulls. Whales appear to be offloading at local highs, creating further hurdles to price upside. Read more
Bitcoin needs to regain momentum with higher trading volumes for BTC to clear the next big hurdle at $120,000 and reenter price discovery. Key takeaways: Bitcoin must take out resistance at $120,000 to trigger a rally to new all-time highs. Spot volume and trading activity must recover for BTC price to break out. Read more
The next frontier for crypto innovation is clear: Decentralized physical infrastructure networks need a tailored legal framework to unlock their full potential. It’s time for lawmakers to provide regulatory clarity for DePIN. Opinion by: Aaron Basi, head of product at IoTeX With the recent passage of the GENIUS Act, the United States has taken its first real step toward regulating crypto nationally. The bill focuses on stablecoins, establishing reserve rules, audits and authorized issuers. This is a milestone for the industry. If lawmakers want to support the next wave of innovation, they cannot stop here. One of the fastest-growing sectors, decentralized physical infrastructure networks, or DePINs, still lacks a legal framework . Read more
Pyth Network has launched live, onchain price feeds for 85 major Hong Kong stocks, removing access barriers and enabling real-time financial data integration. Decentralized oracle network Pyth Network has begun publishing real-time, onchain prices for 85 of the most valuable stocks listed in Hong Kong, giving builders and traders worldwide direct access to one of Asia’s most important equity markets. The price feeds are sourced directly from institutional-grade venues and updated every 400 milliseconds across more than 100 blockchains, the project said in an announcement shared with Cointelegraph. “Whether you’re building trading strategies, structured products, tokenized portfolios, or simply want access to real-world stock prices from Asia’s financial gateway, these feeds bring Hong Kong’s equity market onchain openly, instantly, and permissionlessly,” the announcement said. Read more
Binance and WazirX face scrutiny as India investigates cross-border wallet flows and security risks. Globally, investigative agencies have been acting against illicit crypto funding. India’s Financial Intelligence Unit (FIU-IND) is investigating the global cryptocurrency exchange Binance and the Indian exchange WazirX, focusing on potential loopholes in cross-border digital asset transfers. The investigation is driven by concerns about unregulated wallet transactions linked to accounts from Pakistan. Authorities are particularly worried about activities near sensitive areas like Jammu and Kashmir, where such transfers could be used for illegal funding or money laundering. They are also investigating the funds sent from India to addresses located outside the country. Read more
A critical access control bug in SuperRare’s staking contract — easily detectable by unit tests or even ChatGPT — allowed an attacker to steal $731,000 in RARE tokens. NFT trading platform SuperRare suffered a $730,000 exploit on Monday due to a basic smart contract bug that experts say could have easily been prevented with standard testing practices. SuperRare’s (RARE) staking contract was exploited on Monday with around $731,000 worth of RARE tokens stolen, according to crypto cybersecurity firm Cyvers. The vulnerability stems from a function meant to allow only specific addresses to modify the Merkle root, a critical data structure that determines user staking balances. However, the logic was mistakenly written to allow any address to interact with the function. Read more8066 items