・Bitcoin returned to $65,000 for the first time in a week as fresh BTC price volatility accompanied US claims that the Strait of Hormuz was “open and operating.”
・Bitcoin's price swings have hit a cycle low, squeezed by a market tug-of-war with no clear winner.
・The traders who once lived off its chaos have taken their risk appetite elsewhere.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
・Miners with AI and high-performance computing contracts have commanded higher valuations as declining bitcoin prices and hashprice squeeze pure-play operators.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
・BTC has dropped 0.6% since midnight UTC as Nasdaq 100 futures slip 1.1%, with the FOMC's July meeting minutes and a White House crypto summit both due Wednesday.
・Eligible Cash App users will be able to use their balances to purchase digital assets offered by MoonPay, which include ether, solana and stablecoin USDT.
・Despite already serving a 12-year sentence in federal prison, Alex Mashinsky continues to explore legal avenues to vacate his conviction related to activities at Celsius.
・Following institutional trials, the HKD-pegged asset is being put to work to capture part of Hong Kong's $49 billion trade corridor with the United Arab Emirates
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
・The exchange said it is the first crypto company to offer European customers both traditional U.S.
・equities and tokenized versions of those assets on a single regulated platform.
・30-year Treasury yield hit its highest since 2007 and Brent crude topped $91 as the Iran conflict escalates, pressuring stocks.
・Bitcoin is holding its range, for now.
・The proposed deal with Nasdaq-listed Super League Enterprise would give the Tokyo-based company a foothold in US capital markets while using existing Bitcoin rather than additional purchases.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
・The program came three months before investor unlocks begin, with MON trading below its public-sale price and most of the token supply still outside circulation.
・The Korea Media and Communications Commission said Polymarket’s structure and operations amount to illegal gambling despite its noncustodial design and smart contracts.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
・WLFI says the AI platform is independent and uses USD1 as a payment rail, but would not say whether it has equity, financing, revenue-sharing or other economic interests in the company.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
・Jeonbuk Bank will use Ripple’s 24/7 cross-border payment service for business remittances, but it is unknown whether the flows will use XRP or Ripple’s RLUSD stablecoin.