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Barstool Founder Portnoy Says He’ll Keep Holding Bitcoin After Buying Near $100,000

Barstool Sports founder Dave Portnoy said he is sitting on steep losses after buying Bitcoin near $100,000, but this time he does not plan to sell. Portnoy recently told Fox Business that Bitcoin tends to surge after he sells it, CoinDesk reported on

North Korea, Russia, Iran Used Crypto to Evade US Sanctions, Receiving More Than $100 Billion

Crypto addresses linked to US-sanctioned countries and groups received more than $100 billion last year, the Wall Street Journal reported. Citing blockchain analytics firm Chainalysis, the Journal said July 4 that crypto addresses tied to sanctioned

Peter Brandt Says He’s Considering Selling Bitcoin to Buy Gold

Veteran trader Peter Brandt said gold could outperform Bitcoin. In a post on X on July 5, Brandt wrote that he is considering selling Bitcoin to buy gold. He said gold could rise significantly relative to Bitcoin. Gold and Bitcoin have been among the

Digital Assets Trail AI, Big IPOs, but Fundamentals Are Strengthening

Digital assets such as Bitcoin have lagged this year even as U.S. stocks advanced, but the weakness appears temporary and a rebound remains possible, according to a recent analysis. CoinDesk reported on July 5 that asset managers Hashdex and Charles

Tokenization’s Biggest Opportunity Is in Customized Portfolios, NYLIM’s Cai Says

The biggest opportunity for tokenization is not in payments or trading efficiency, but in building customized portfolios for investors, Thomas Cai, head of multi-asset solutions at New York Life Investment Management, said. In an interview with CoinD

Kalshi June Trading Volume Hits Record $9.4 Billion on World Cup Boost

US prediction-market platform Kalshi posted a record monthly trading volume in June, lifted by the World Cup. Cointelegraph, citing DefiLlama data, reported on July 5 that Kalshi's June trading volume reached about $9.4 billion. That was a 77% increa

Kraken Launches Futures, Margin Trading Backed by Tokenized Stocks, ETFs

Kraken has launched a service that allows users to trade futures and on margin using tokenized stocks and exchange-traded funds as collateral. Cointelegraph reported on July 5 that Kraken will accept 10 tokenized stocks and ETFs as collateral, includ

Crypto Fear & Greed Index Rises to 23, Stays in Extreme Fear

The Fear & Greed Index, a measure of investor sentiment in the cryptocurrency market, remained in extreme fear territory. According to Alternative on July 5, the index rose 1 point from a day earlier to 23. Even so, it remained in the extreme fear ra

Vitalik Buterin Outlines ‘Lean Ethereum’ Roadmap as Next Major Network Upgrade

Ethereum co-founder Vitalik Buterin has outlined a roadmap for the network’s future development called “Lean Ethereum.” In a post on X on July 5, Buterin wrote that Ethereum researchers met in Berlin two weeks earlier to discuss the project’s long-te

Moonbeam Moves From Polkadot to Base to Build AI Agent Network

Moonbeam, an interoperability protocol, is moving its ecosystem from Polkadot to Base, an Ethereum layer-2 network, to build a communications and payments network for artificial intelligence agents. Cointelegraph reported on July 5 that Moonbeam is s

Analysis: Dogecoin Active Addresses Near 50,000 as On-Chain Activity Rises

The number of active addresses on the Dogecoin (DOGE) network has climbed to nearly 50,000 in recent days, signaling stronger on-chain activity. On July 4, on-chain analyst Ali Martinez wrote on X, formerly known as Twitter, that activity on the Doge

Binance CEO Says MiCA Needs Consistent Enforcement to Succeed in EU

As the European Union's Markets in Crypto-Assets regulation takes full effect, Binance Chief Executive Officer Richard Teng said the key to MiCA's success is not just the rulebook itself, but consistent and predictable enforcement. In a CoinDesk op-e

US, Iran Plan Next Round of Talks in Pakistan on July 11

Tether CEO Questions Sustainability of Big Tech AI Spending, Citing Profitability Concerns

Paolo Ardoino, chief executive officer of Tether, said major artificial intelligence companies are continuing to spend heavily to win users rather than prioritize profitability. Writing on X, formerly known as Twitter, on July 4, Ardoino said AI big

NYT Says 1 Million Trump Memecoin Investors Lost $3.81 Billion

About 1 million investors in a memecoin tied to U.S. President Donald Trump have incurred combined losses of $3.81 billion, the New York Times reported. The newspaper, citing data from crypto analytics firm Nansen, said the losses were recorded as of

Active Bitcoin Traders Face Average 20% Loss as Cycle Bottom Remains Elusive

Bitcoin has fallen below the average cost basis of active traders, pushing the market into a broader loss zone. Even so, the current drawdown does not yet suggest this cycle has reached its bottom when measured against prior bear-market lows. Darkfos

Tim Draper Denies Selling Bitcoin, Reiterates $250,000 Price Target

Billionaire investor Tim Draper, one of Bitcoin's most prominent bulls, denied allegations that he recently sold a large amount of the cryptocurrency. Draper told Cointelegraph on July 4 that he had not touched his Bitcoin holdings. He added that Bit

Bitcoin Needs $1 Trillion in New Capital for Next Major Surge, CryptoQuant Says

Bitcoin would need about $1 trillion in fresh capital to enter another major bull market from current levels, according to an analysis cited by CoinDesk. CoinDesk reported on July 4 that on-chain analytics firm CryptoQuant compared new money flowing

XRP Holders’ Unrealized Losses Hit Record, Offering an Opening for New Buyers

XRP holders’ average unrealized losses have widened to the deepest level on record. CoinDesk reported on July 4, citing analytics firm Santiment, that XRP’s MVRV, or market value to realized value, stood at -45% and -47%. Both readings are the lowest

Major County Sheriffs Group Drops Opposition to CLARITY Act, Boosting Senate Prospects

The Major County Sheriffs of America, or MCSA, has withdrawn its opposition to the CLARITY Act, a US digital-asset market structure bill. Cointelegraph reported on July 4 that MCSA told Senate Banking Committee Chairman Tim Scott and Senator Elizabet

German Regional Banks Expand Crypto Trading Services for Retail Clients

Germany’s cooperative banks and savings banks are rolling out cryptocurrency trading services for retail customers. Bloomberg reported on July 4 that Germany’s cooperative banking group and savings bank group, which together serve tens of millions of

Bitdeer Mines 223.1 Bitcoin This Week, Sells Entire Haul

Bitdeer disclosed its weekly Bitcoin mining results in a post on X, formerly Twitter, on July 4. The company mined a total of 223.1 Bitcoin during the week. It sold all of the Bitcoin it mined, keeping its Bitcoin holdings at zero.

At Yuga Labs’ Seoul Event, BAYC Holders Say Trust in the Community Endures

The launch of spot-Bitcoin exchange-traded funds in 2024 has accelerated institutional participation in the crypto market. Even so, some projects continue to embrace Web3's original ethos and put community first. Yuga Labs is one of them. Yuga Labs i

BitMine 500,000 Ether Away From Reaching 5% of Ethereum Supply

BitMine, an Ethereum treasury company, is nearing its accumulation target. Cointelegraph wrote on X on June 27 that BitMine would achieve its goal of holding 5% of Ethereum's total supply after acquiring 500,000 more Ether.

Binance Founder Zhao Says Crypto Selloff Driven by AI Capital Shift, Geopolitics and Four-Year Cycle

The cryptocurrency market's weakness in the first half of this year was driven by a mix of factors, including capital flowing into the artificial intelligence industry, geopolitical risks and the traditional four-year cycle. Binance founder Changpeng

Strategy’s STRC Price-Stability Mechanism Has Effectively Failed, Parasite Investor Says

The price-stability mechanism for STRC, the perpetual preferred stock issued by Strategy, has effectively stopped working, according to Parasite Investor, which said the company may need to address the problem through share buybacks or other steps. O

Bitcoin Slide Leaves Average BlackRock IBIT Investor Down 40%

Average returns for investors in BlackRock’s spot Bitcoin exchange-traded fund, IBIT, have slipped to a loss of about 40% after Bitcoin’s recent plunge. Wu Blockchain reported on June 27 that Nate Geraci, president of The ETF Store, cited Bloomberg d

GraniteShares Files for First US Leveraged ETFs Tied to SK Hynix

US asset managers are stepping up efforts to launch products tied to SK Hynix after the South Korean chipmaker recently surpassed Samsung Electronics to become the country’s most valuable company by market capitalization. The first US leveraged excha

Cathie Wood Says Bitcoin, Not AI, Remains the Best Way to Protect Wealth

Cathie Wood, chief executive officer of asset manager ARK Invest, voiced a bullish view on Bitcoin. Writing on X on June 27, Wood said capital flight from less stable countries would provide another tailwind for Bitcoin and other digital assets. She

Anti-Trafficking Group Opposes Clarity Act, Warns of Weaker Developer Liability

An anti-trafficking group has urged lawmakers to revise the Clarity Act, arguing that the bill could weaken developers' legal liability. CoinDesk reported on June 27 that Katie Boller Gosewisch, executive director of the Alliance to End Human Traffic