The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The HKMA completed stablecoin regulations set to take effect Aug. 1, warning no licenses have been issued and urging caution against hype and scams.
The Hong Kong Monetary Authority (HKMA) has invited stablecoin issuers to begin applying for licenses as the city’s stablecoin regulations are enacted in August. In a statement released on July 29, the HKMA said interested firms can submit preliminary applications by Aug. 31. This early stage is designed to help applicants understand regulatory expectations and […]
The post Hong Kong says no stablecoin licenses issued yet, warns of legal risks for impostors appeared first on CryptoSlate.
Hedera (HBAR) was also among the top performers, rising 1.8% from Monday.
180 Life Sciences has entered into a $425 million PIPE agreement with over 60 investors to build an Ethereum treasury strategy.
The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, has finalized its regulatory framework for stablecoin issuers, publishing two sets of guidelines that will come into effect on August 1. While the framework is now in place, the HKMA is expected to issue the first batch of stablecoin licences in early 2026, …
Vape company CEA Industries and venture capital firm 10X Capital, supported by YZi Labs (formerly Binance Labs), have announced a $500 million private placement aimed at establishing the largest publicly listed Binance Coin (BNB) treasury company. New BNB Treasury Strategy The offering comprises a common equity Private Investment in Public Equity (PIPE), which will generate $500 million in gross proceeds—$400 million in cash and $100 million in cryptocurrency. According to Monday’s announcement, the funds raised will be primarily directed toward developing a crypto treasury strategy focused on the BNB Chain. Related Reading: $120K Bitcoin In Sight: 90-Day US–China Tariff Truce Fuels Market Optimism Leading the new BNB treasury strategy will be incoming CEO David Namdar, a co-founder of Galaxy Digital and a senior partner at 10X Capital, alongside incoming Chief Investment Officer Russell Read. On the matter, Namdar noted: BNB Chain is one of the most widely utilized blockchain ecosystems, yet access for institutional investors has been limited until now. By establishing a US-listed treasury vehicle, we’re opening doors for traditional investors to participate transparently. Russell Read echoed Namdar’s view, emphasizing what he sees as the fundamental strength of Binance Coin as a digital asset: Institutional-grade exposure to BNB is appealing because it is driven by real utility across various sectors, including decentralized finance (DeFi) and enterprise applications. By creating this treasury vehicle, we allow institutions to engage in the growth narrative of BNB. 10X Capital, which has a history of advising significant players in the crypto space, will act as the asset manager for the BNB treasury strategy with the backing of YZi Labs. The transaction is expected to close around July 31, 2025, at which point the company will begin deploying funds to acquire BNB tokens. CEA Industries Stock Soars 560% The company’s plans after the closing include building an initial position in BNB, with aspirations to scale its holdings significantly over the next 12 to 24 months through a “sophisticated capital markets program.” Additionally, they will reportedly explore staking, lending, and other opportunities within the Binance ecosystem to generate revenue while maintaining a conservative risk profile. Related Reading: XRP Won’t See Devastating Pullback Because ‘The Train Has Left The Station’ Ella Zhang, Head of YZi Labs, expressed confidence in the potential of a publicly listed Binance Coin treasury vehicle: We recognized the institutional potential from the outset, and with the PIPE announcement, our conviction has been validated. We are excited to see this vision materialize, enhancing BNB’s utility and institutional access in a sustainable manner. The market response to the announcement has been significantly positive for the company, with CEA Industries’ stock (VAPE) surging more than 560% on Monday morning following the revelation of the PIPE deal. As of this writing, BNB is trading at $825, which is a 3% gap between the current price and the all-time high of $863 achieved earlier on Monday. Featured image from DALL-E, chart from TradingView.com
Declan Fox, global product lead for Linea, said there is no exact date for the token generation event yet, but details will be shared a week before.
Dogecoin price is stirring curiosity as major whale wallets reportedly scooped up over 130 million DOGE within 24 hours, right before two crucial macro events. The U.S. Fed rate decision and the release of the White House’s Digital Assets Stockpile Report. Such synchronized buying and sentiment spikes suggest a volatile breakout ahead. DOGE Price To …
MARA Holdings holds roughly 50,000 BTC, valued at nearly $6 billion, ranking it as the second-largest bitcoin holder among public companies
Ethereum’s recent rally against Bitcoin appears to be gaining further strength, with derivatives data signaling a notable change in market sentiment. On July 29, blockchain analytics firm Glassnode revealed that Ethereum’s share of open interest in the perpetual market has climbed to nearly 40%. This marks the highest level recorded since April 2023. Historically, only […]
The post Ethereum captures 40% of futures market as Bitcoin loses speculative momentum appeared first on CryptoSlate.
This is a bold move and one to watch! RAKBANK has become the first traditional bank in the country to offer crypto trading through its mobile banking app. The new service lets customers buy, sell, and swap cryptocurrencies directly in AED with no need to convert to foreign currencies or use third-party exchanges. It’s powered …
The US Securities and Exchange Commission (SEC) released a notice on Monday, announcing that it has delayed decisions on Truth Social Bitcoin ETFs and Grayscale’s Solana Trust. It has extended the review deadline to September 18. SEC Delays Decision on Truth Social Bitcoin ETF The Truth Social ETF, backed by the Trump Media and Technology …
BitMine (BMNR) announced a stock buyback plan worth up to $1 billion to strengthen shareholder value and support its long-term Ethereum accumulation. The company currently holds 625,000 ETH, 192 BTC, and $401 million in cash. BitMine’s chairman emphasized that the buyback aligns with their strategy to grow Ethereum holdings while optimizing capital structure. This move …
The Tom Lee-led company signaled an intent to possibly repurchase stock should the share value decline below the net asset value of its ether holdings.
Algeria has imposed a sweeping ban on all crypto activities, officially criminalizing the use, possession, trading, mining, and promotion of digital assets such as Bitcoin. The measure, enacted through a legislative amendment passed on July 24 and reported by local outlet Fibladi on July 28, marks one of the harshest crypto crackdowns in Africa. According […]
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Bitcoin is holding steady around $118,000, showing resilience despite growing market concerns. But a series of large transfers by Galaxy Digital have sparked fresh concerns. Could a sell-off be coming? Let’s dive in. Galaxy Digital Moves $447M in Bitcoin, Community on Edge In a latest development, on-chain data shows that Galaxy Digital has moved 3,782 …
In the first quarter of this year alone, Coinbase earned roughly $300 million in distribution payments from Circle, and that's just the start.
The CRO price has caught the community’s attention as it is flashing a classic double bottom pattern on the 4-hour chart, backed by a golden cross on the daily. With momentum surging from a multi-year support zone and strong gains in July, bulls now eye $0.157 as the next key level in sessions ahead. Double …
More than $1 billion in Bitcoin short positions are at risk of liquidation just above the $120,000 mark. Recent data shows a dense cluster of leveraged shorts between $119,500 and $121,000 across major exchanges—if Bitcoin’s price breaks this resistance, it could trigger forced buybacks exceeding $1.1 billion, fueling a rapid price surge. Analysts highlight $120,000 …
BitMine's share repurchase could strengthen its market position, influence Ethereum's ecosystem, and impact investor confidence in crypto.
The post Peter Thiel-backed Ethereum treasury firm BitMine to repurchase up to $1 billion in shares following board approval appeared first on Crypto Briefing.
U.S. dollar stablecoins will cement their dominance unless alternatives like the digital euro arise, an adviser to the European Central Bank said.
The company's CEO Yoni Assia cited regulatory milestones as helping to pave the way for new tokenized offerings.
BTC's Bollinger bands are now at their tightest since February.
According to market analyst Common Sense Crypto, a $1,000 bet on XRP today could turn into between $10,000 and $50,000 during this cycle. Related Reading: $120K Bitcoin In Sight: 90-Day US–China Tariff Truce Fuels Market Optimism He pointed out that the same stake in Bitcoin would likely top out at around $1,300–$1,500. That claim has caught the eye of many investors who are weighing where to put their crypto dollars. Strong ROI Comparison Common Sense Crypto ran the numbers. At XRP’s current price of $3.18, a $1,000 buy-in nets roughly 315 tokens. To hit $10k, each XRP would need to trade at $31.80. If XRP somehow climbed to $160, that small stake would swell to $50k. By contrast, a $1k purchase of Bitcoin at $120,000 today would only need BTC to rise to about $154k–$178k to yield the same $1,300–$1,500 returns. Here’s a quick fact to ponder, if you put $1,000 into $xrp today you will most likely end up with at least $10,000 – $50,000 in this cycle, if you put the same $1,000 into $btc you will most like only end up with $1300 – $1500. ROI (return on investment) is more important than… — Common Sense Crypto (@TheCSCrypto) July 12, 2025 Those are gains in the 30–50% range. This puts XRP’s upside in a very different league when viewed purely as percentages. Still, size matters. XRP’s market cap sits near $188 billion. Bitcoin’s floats around $2.37 trillion. To push XRP to $159, its valuation would need to balloon to roughly $9.5 trillion—nearly four times Bitcoin’s current size. That would require massive new inflows and adoption on a scale we’ve never seen in crypto. XRP Tops $3; CEO Sets Sights On 14% Of SWIFT Ripple’s XRP finally breached the long-awaited $3 mark after US President Donald Trump announced a new US strategic crypto reserve, including XRP and other digital assets. As one of the most traded cryptocurrencies, XRP enjoys high daily trading volumes, ensuring price stability and ease of entry for institutional investors. Ripple’s chief executive, Brad Garlinghouse, predicts that within five years, Ripple will handle about 14% of SWIFT’s worldwide cross‑border transaction flows. Related Reading: Countdown To August 15: What XRP Investors Need To Know Past Cycle Performance Other voices have made similar points. In June, Edoardo Farina of Alpha Lions Academy noted that between November 2024 and January 2025, XRP jumped from $0.50 to $3.40. That’s a 7x return in just two months. Bitcoin, in that same window, climbed from $68k to $112k, a 60% gain. Farina calculated that $50k in XRP would have grown to $340k while the same investment in Bitcoin would have become about $82,352. The XRP 50x Challenge XRP’s promise of turning $1,000 into as much as $50,000 is eye‑catching. Its past leap from $0.50 to $3.40 in just two months shows what’s possible. But growing its market cap from $188 billion to $9.5 trillion means a tidal wave of new money and clear legal rules. Featured image from Meta, chart from TradingView
Linea’s updated roadmap introduces ETH-native staking on bridged assets, a protocol-level ETH burn mechanism, and the allocation of 85% of its token supply to ecosystem development.
Leading Bitcoin mining ASIC manufacturer Bitmain is set to open its first US-based production facility by early 2026 amid a broader industry shift to the US.
Sen. Cynthia Lummis introduced a bill that would put into law an order from a U.S. housing agency to evaluate cryptocurrency.
Rakbank became the first traditional bank in the UAE to enable crypto trading for retail users through its mobile app, powered by Bitpanda.
The Nasdaq-listed firm funded the acquisition by its $5 billion standing equity line of credit facility.