Category: crypto

Democratic senators are calling for hearings into President Trump’s cryptocurrency holdings before the Senate votes on the CLARITY Act. Concerns have been raised about potential conflicts of interest due to Trump’s reported $1.4 billion in crypto-related income. A separate bill banning a U.S. central bank digital currency until 2030 is expected to become law.

Bitcoin price traded near $62,800 on Monday, down 1.5% in 24 hours. Bitcoin stayed above key support amid war fears driving losses in traditional markets. Spot Bitcoin ETFs attracted $197 million, ending eight weeks of net withdrawals. Analysts see $65,000 as resistance and weaker exchange flows limiting breakout attempts.

China is proposing judicial and procedural reforms to improve investigations, evidence handling, and asset recovery in virtual currency money laundering cases. The reforms aim to address gaps in the criminal enforcement framework by updating evidence standards, implementing blockchain analysis tools, and enhancing cross-border cooperation on asset recovery.

Tom Lee suggests watching the Ethereum-to-Bitcoin ratio for signs of a broader crypto recovery. A rising ratio could indicate renewed demand across the market. The ratio has been testing resistance near 0.0286 BTC, showing Ethereum gaining against Bitcoin. Confirmation of a market-wide shift remains limited despite some positive indicators.

Turkish prosecutors have charged 504 individuals for allegedly operating a 40 billion lira money laundering network. The suspects used shell companies, payment providers, and cryptocurrency transactions to disguise illegal betting proceeds. Prosecutors are seeking prison terms for the leaders of the network. This case highlights the global concern regarding cryptocurrencies in financial crimes.

SBI is set to launch a lending product for its JPYSC stablecoin, offering a 3% annual yield with a three-month fixed term. This comes after introducing Japan’s first trust bank-backed yen stablecoin. The stablecoin is designed for payments, institutional settlements, and reducing transaction costs, with interest in stablecoins growing in Japan.

Bitcoin was trading near $62,800 on Monday as investors geared up for a week of economic releases and geopolitical news. The cryptocurrency faced inflation data, Iran tensions, retail reports, and major bank earnings. Oil prices and rate expectations could determine if Bitcoin holds $60,000 or retests resistance. ETF inflows supported Bitcoin, but traders awaited a…

Circle is expanding its outreach in South Korea by hosting an invitation-only industry event in Seoul to form new partnerships with banks, crypto exchanges, and payments firms. The event will bring together industry leaders to discuss regulation, industry cooperation, and potential collaborations. Circle is also strengthening its USDC’s regulated banking network through new partnerships and…

Lawson, a Japanese convenience store operator, will test payments with the JPYC stablecoin in early August. The trial will take place at a single store in Tokyo and will connect JPYC payments directly to the store’s POS system. If successful, Lawson may consider expanding the use of stablecoins in its stores.

American Bitcoin shares have plummeted over 95% from their peak, causing a $600 million loss for Eric Trump. The company’s stock dropped despite having over 8,000 BTC in its treasury. A reverse stock split did not stop the decline, and the company reported a $117.2 million loss in Q1.