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BNK Financial Creates Digital Asset Task Force to Prepare Business Base

BNK Financial Group has created a dedicated digital asset unit, the Digital Asset Task Force, as it moves to lay the groundwork for a digital asset business. BNK Financial said July 15 that its second-half organizational overhaul also established an

Strategy CEO Says Bitcoin Buying Will Resume After STRC Returns to Par

Strategy, the largest corporate holder of Bitcoin, plans to resume accumulating the cryptocurrency after its STRC preferred stock returns to par value. Phong Le, Strategy’s chief executive officer, told Bloomberg in an interview cited by BitcoinTreas

Japan Passes Bill Classifying Crypto as Financial Product, Paving Way for Spot ETFs

Japan has given final approval to an amendment to the Financial Instruments and Exchange Act that classifies crypto assets, or cryptocurrencies, as financial products rather than payment instruments. CoinPost reported on July 15 that Japan’s House of

Traditional Finance Embraces Blockchain Technology While Keeping DeFi at Arm’s Length

Traditional financial institutions are selectively adopting blockchain technology that can make existing financial systems more efficient, rather than embracing decentralized finance itself, a16z Crypto said. In a post on X on July 15, the firm wrote

DB Securities Signs MOU With Optimism for Jeju STO, RWA Business

DB Securities said on July 15 that it signed a memorandum of understanding with the Optimism Foundation to advance Jeju-focused security token offering, or STO, and real-world asset tokenization, or RWA, businesses and explore domestic and overseas c

Ripple Joins Linux Foundation’s x402 Foundation

Ripple has joined the x402 Foundation, which has officially launched under the Linux Foundation. CoinDesk reported on July 15 that the Linux Foundation has begun formal governance of the x402 Foundation with 40 member companies. It also completed the

UK Eases Digital-Asset Rules, Accelerating Global Hub Strategy

The UK’s financial regulator and central bank have moved in quick succession to ease digital-asset rules, adding momentum to the country’s strategy to become a global digital-asset hub. CoinDesk reported on July 12 that Wirex Chief Executive Officer

Strategy CEO Says Convertible Debt Repayment Triggered STRC Plunge

Strategy's preferred stock STRC has fallen sharply below par, and the company's decision to repay convertible debt has been identified as the reason. In an interview with Bitcoin News on July 11, Strategy Chief Executive Officer Phong Le said the mar

Bitcoin in Late Stage of Bear Market, Could Reach $250,000 in 2-3 Years

Bitcoin is entering the later stage of its bear market and could climb to between $200,000 and $250,000 within the next two to three years. Jamie Coutts, chief analyst at Real Vision, told Cointelegraph in an interview published July 11 that Bitcoin

Ethereum TVL Exceeds Market Value for First Time, Signaling Undervaluation

The total value locked, or TVL, on the Ethereum network has exceeded Ethereum's market capitalization for the first time, Cointelegraph reported. Leon Waidmann, head of risk research, said Ethereum's TVL currently stands at about $260 billion, toppin

Empery Digital Sells About Half of Bitcoin Holdings to Fund AI Data Center Bet

Empery Digital, a corporate Bitcoin treasury company, has sold about half of its Bitcoin holdings and will use the proceeds to invest in an artificial intelligence data center business. CoinDesk reported on July 11 that Empery Digital sold 1,400 Bitc

Hedera-Based DeFi Lender Bonzo Lend Loses $9 Million in Oracle Attack

Bonzo Lend, a Hedera-based decentralized finance lending protocol, lost about $9 million in an oracle price manipulation attack. Cointelegraph reported on July 11 that Bonzo Lend, in a preliminary incident report, said the attacker manipulated the pr

Lawsuit Over Dormant Bitcoin Addresses, Including Suspected Satoshi Wallet, Enters New Phase

A lawsuit over ownership of dormant Bitcoin addresses, including wallets believed to belong to Bitcoin creator Satoshi Nakamoto, is entering a new phase after a digital-asset lawyer filed a sur-reply brief. Alex Thorn, Galaxy Digital's head of resear

Bitcoin’s 9.5% July Rebound May Still Mirror 2022 Bear-Market Pattern

Bitcoin has risen about 10% this month, posting its strongest July performance in four years. Even so, the short-term rebound may yet give way to another correction. Cointelegraph reported on July 11, citing CoinGlass data, that Bitcoin is up about 9

Iran Denies Seeking Talks With US, Says No Negotiations Until Washington Changes Stance: Fars

Iran denied reports that it had asked the US for talks, saying no negotiations would take place unless Washington changes its position. A source cited by Fars on July 11 said reports from some media outlets close to Israel claiming that Iran had soug

Robinhood Chain Surpasses 38.72 Million Transactions 10 Days After Launch

Robinhood Chain, Robinhood’s proprietary blockchain, is showing rapid early growth. The network has processed more than 38 million transactions just 10 days after launch. Digital-asset analyst Ai Yi wrote on X on July 11 that Robinhood Chain’s cumula

IMF Says Dollar Stablecoins Can Expand FX Access but Also Deepen Currency Crises

Dollar-based stablecoins, digital assets pegged to fiat currencies, can improve access to foreign exchange but may also accelerate flight from local currencies during exchange-rate crises, according to an International Monetary Fund analysis. Brandon

Hedera Drops 1.46% on Signs of Network Hack

Hedera's HBAR token traded lower on July 11 as signs of a network hack weighed on investor sentiment. As of 6 p.m., HBAR was trading at $0.0696, down 1.46% from a day earlier, according to CoinMarketCap. Earlier, on-chain analyst Specter wrote on X,

Bitdeer Mines 227.5 Bitcoin This Week, Sells Entire Haul

Bitdeer said in a post on X on July 11 that it mined 227.5 Bitcoin this week. The company sold all of the newly mined Bitcoin, leaving its total holdings at zero.

Analysis: XRP Leverage Cools in Derivatives Market, Signaling Possible Short-Term Pullback

Leverage in the XRP derivatives market is declining, easing broader positioning pressure. But the cost of maintaining long positions has risen rapidly, pointing to the possibility of a short-term pullback. Crypto Onchain, a contributor to CryptoQuant

Kaito Adds Global Stock Analysis to Kaito Pro

Kaito has added global stock analysis to its research platform, Kaito Pro. In a post on its official X account on July 11, the company said users can now track more than 3,000 global stocks on Kaito Pro. The platform lets users view stock-specific in

Stripe Files South Korea Trademark Applications for Open USD, Open Standard

Stripe has filed trademark applications in South Korea for Open USD and Open Standard, names tied to its global stablecoin project and alliance. Digital Asset reported on July 10 that Stripe submitted applications for the "OPEN USD" and "OPEN STANDAR

Trump Says He Told Iran the Ceasefire Is Over While Talks Continue

President Donald Trump said the US will continue negotiations with Iran, but has made clear that the ceasefire is over. Writing on Truth Social on July 10, Trump said Iran had asked to keep the negotiations going and that the US agreed. He added that

US House to Hold New York Field Hearing Next Week on CLARITY Act

The US House of Representatives plans to hold a field hearing in New York next week as it continues work on the CLARITY Act, legislation aimed at creating a market structure for digital assets. Rep. French Hill told Fox Business in an interview cited

Coinbase Vice President Says US CLARITY Act Is Near Final Passage

The US CLARITY Act, which aims to bring the digital-asset industry into the regulatory mainstream, has effectively entered the final stage of the legislative process, according to an industry assessment. Bitcoin News reported on July 10 that Coinbase

Moin Obtains European EMI License, Can Offer Financial Services in 30 EEA Countries

Moin, a fintech company focused on overseas remittances, has obtained a European Electronic Money Institution, or EMI, license, Money Today reported on July 10. The license was secured through the company's European unit, SIA MOIN Payments. It allows

ZachXBT Says Early Solana Whale Was Hacked, 180,900 SOL Stolen

A major wallet tied to an early Solana investor appears to have been hacked, with a large amount of SOL stolen. BlockBeats reported on July 10 that on-chain investigator ZachXBT said an early Solana whale wallet was attacked several hours earlier and

Trump Says He Won’t Sign Housing Bill With CBDC Ban Unless Senate Passes Election Measure

President Donald Trump said he will not sign a housing bill passed by Congress and sent to the White House. The measure includes a provision banning the Federal Reserve from issuing a central bank digital currency, or CBDC. In a Truth Social post on

Standard Chartered Maintains $100,000 Bitcoin Target for Year-End

Bitcoin has been trading sideways in the $60,000 to $70,000 range, but Standard Chartered has maintained its forecast that the cryptocurrency will climb to $100,000 by the end of this year. The Block reported on July 10 that Geoff Kendrick, Standard

OKX, MetaMask, Matter Labs Join Launch of ‘Internet Court’ for AI Agent Disputes

Crypto firms including OKX, MetaMask and Matter Labs are moving to build infrastructure to resolve disputes arising from transactions between artificial intelligence agents. The GenLayer Foundation has launched an AI agent-focused dispute-resolution