Category: crypto

The market cap of compliant euro stablecoins increased by 128% before the end of Europe’s crypto transition period. EURC, EURCV, and EURI led the growth, with total market cap rising from $295.6 million to $673.9 million. Despite the growth, dollar stablecoins still dominate the sector. Regulatory changes after MiCA’s transition period ended have impacted the…

The Digital Chamber filed an amicus brief opposing a New York lawsuit seeking ownership of 39,069 dormant Bitcoin wallets holding 3.7 million BTC. They argue that treating inactive self custody wallets as abandoned property could impact digital asset ownership rights. Legal challenges continue as some dormant addresses become active.

Galaxy Digital completed phase I of power delivery at its Helios data center campus in Texas, providing 133 MW to CoreWeave for AI workloads. Phase II will add 260 MW as CoreWeave expands. The transition from Bitcoin mining to AI infrastructure reflects industry trends. The project is expected to generate significant revenue.

Coinbase has received UK regulatory approval to offer derivatives and equities alongside crypto on its platform. Retail users can now trade equities while institutional clients gain access to crypto, equity, and commodity perpetual futures. This approval helps Coinbase expand its regulated financial services in Europe, positioning itself as a comprehensive regulated crypto firm in the…

Peter Schiff criticized Strategy for selling $216 million worth of Bitcoin to fund dividend payments. Despite the sale, Strategy still holds a significant amount of Bitcoin and U.S. dollar reserves. Schiff called Strategy’s structure a “mid-cycle Ponzi” and raised concerns about the company’s funding model and potential impact on Bitcoin prices.

AEREDIUM has joined the Lava Tokenization Sandbox with Lava Foundation and BHL to explore future infrastructure models for tokenized assets. They are testing payment-agnostic settlement infrastructure using a real-world development project in the Dominican Republic. The initiative aims to address challenges in payments and settlement for tokenized assets to facilitate institutional adoption.

Ctrl Wallet will permanently shut down on Aug. 3, with users advised to move their funds to another wallet or exchange before services are disabled. Recovery of assets will be possible by importing recovery phrases into compatible wallets. The shutdown follows a recent security exploit and is part of a wave of security incidents in…

EU lawmakers want the European Commission to review DeFi, staking, NFTs, and crypto lending under MiCA. The European Parliament has adopted a report on digital assets, calling for consistent regulation and enforcement across member states. Recent data shows growth in regulated euro stablecoins. Industry adjusts to new MiCA rules, with potential further regulatory changes in…

Tether has invested $20 million in Mercado Bitcoin to support its expansion into tokenized assets, blockchain payments, lending, and capital markets. Mercado Bitcoin aims to grow its payment infrastructure, tokenization business, and international presence with the funding. Tether is backing companies that combine regulatory approvals with blockchain infrastructure to meet the growing demand for tokenized…

BlackRock’s iShares Bitcoin Trust saw its strongest inflow in weeks, with $209.4 million added, bringing total U.S. spot Bitcoin ETF demand to $265.7 million. This renewed demand improved market sentiment as Bitcoin trading activity increased. Positive July seasonality and the upcoming CLARITY Act deadline could further support Bitcoin’s recovery.