The European Banking Authority has finalized rules requiring banks to assign a 1,250% risk weight to unbacked cryptocurrencies like Bitcoin and Ether.
Bitcoin DeFi is seeing more venture capital interest as institutional investors flock to Bitcoin and its increasing yield-bearing capabilities.
A joint report due on Aug. 15 may lead to the conclusion of the nearly five-year legal dispute between the SEC and Ripple Labs.
The White House Press Office confirmed to Cointelegraph that President Trump will sign an executive order potentially allowing crypto exposure in US 401(k) retirement plans
Polygon (POL) joined Sui (SUI) as a top performer, rising 6.2% from Wednesday.
The Spot Ethereum ETFs have recorded significant outflows recently, sparking a bearish sentiment for the ETH price. These outflows also come at a time when the altcoin has dropped from a six-month high of $3,900 and looks to retest the psychological $3,000 level. Ethereum ETFs See Record Outflows Putting The ETH Price At Risk SoSo Value data shows that the Ethereum ETFs recorded a net outflow of $465.06 million on August 4, their largest outflow since they launched last year. These funds also recorded a net outflow of $152.26 million on August 1, which was the first net outflow after 20 consecutive days of net inflows. Related Reading: Ethereum Exchange Reserves Just Hit A New 9-Year Low Amid Treasury Accumulations These outflows from the Spot Ethereum ETFs indicate a wave of profit-taking, especially considering that the ETH price had rallied to a six-month high of $3,900 last month. Outflows from these funds are bearish for ETH as they can add selling pressure, with fund issuers selling coins to redeem shares. However, a positive is that these net outflows from the Spot Ethereum ETFs have been short-lived. Further data from SoSo Value shows that these funds recorded net inflows of $73.22 million and $35.12 million on August 5 and 6, respectively. This coincides with the rebound in the ETH price, which hit the $3,700 level in the last 24 hours. Another streak of consecutive net inflows for the Spot Ethereum ETFs could spark another uptrend for the ETH price. Moreover, the Ethereum treasury companies like BitMine, SharpLink, and the Ether Machine continue to create massive demand for ETH as they expand their treasuries. BitMine’s Ethereum holdings topped 833,000 ETH this week, making it the largest ETH treasury in the world. Will the ETH Price Crash Below $3,000? BitMEX co-founder Arthur Hayes has predicted that the ETH price could at least retest the $3,000 level. He highlighted the Trump tariffs, which take effect today, as one of the reasons that he holds this bearish sentiment towards Ethereum. The crypto founder also indicated that there isn’t enough liquidity in the market currently to boost crypto prices. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest However, from a technical analysis perspective, crypto analyst Titan of Crypto has predicted that the ETH price is likely to continue its uptrend soon enough and avoid a drop to $3,000. In an X post, he highlighted a Bull Pennant pattern, which puts $5,000 in sight for ETH. The analyst remarked that this pattern is shaping up on Ethereum and that if it confirms, then the technical target stands at $5,000. At the time of writing, the Ethereum price is trading at around $3,680, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The reserve is funded through a process called Payment Abstraction and then automatically converts them into LINK, Chainlink said.
The PENGU price is showing strong bullish signs, with recent gains supported by technical setups and a major announcement from Robinhood. After a rally in July, PENGU is now stabilizing above key levels. With Robinhood integration and an ETF application in play, momentum appears to be building further for this meme coin to explode. PENGU …
Total value locked (TVL) in DeFi remains below 2021 highs, the report noted.
Publicly traded SharpLink Gaming successfully raised $200 million in a private placement led by four global institutional investors. The capital will be used to grow its Ethereum (ETH) treasury, which is expected to surpass $2 billion in value once invested. SharpLink has already increased its Ethereum holdings by more than 18,000 ETH, bringing its total …
YF Link is a fork of the popular yearn.finance (YFI) which combines Chainlink’s “LINK” token with Yearn Finance’s yield farming/liquidity mining mechanics. YFL was a project that could be easily adopted by the Chainlink enthusiasts, known as ‘Link Marines’. The YFL price rose at a remarkable rate towards the end of 2021. However, as time …
Ripple is set to acquire Rail, a stablecoin platform, in a $200 million deal aimed at strengthening its position in the digital payments space. The move signals Ripple’s growing focus on stablecoin infrastructure as part of its broader strategy to expand blockchain utility. With this acquisition, Ripple looks to tap into stablecoins’ rising role in …
The Rail acquisition is a way for Ripple to delve deeper into the fast-growing stablecoin ecosystem after launching its RLUSD stablecoin.
Hyperliquid’s growth drove DeFi perp exchanges to a new collective all-time high, signaling that more users are opting for decentralized trading venues.
Ripple's acquisition of Rail could accelerate stablecoin adoption, enhancing cross-border payment efficiency amid evolving regulations.
The post Ripple to acquire Rail for $200M to strengthen global stablecoin infrastructure appeared first on Crypto Briefing.
Tether has acquired a minority stake in Bit2Me, a leading Spanish crypto exchange, and is leading a €30 million funding round expected to close soon. Bit2Me recently became the first Spanish-speaking exchange authorized as a Crypto-Asset Service Provider (CASP) under the EU’s MiCA framework. This investment strengthens Bit2Me’s position in the European crypto market and …
UK-listed Union Jack Oil, along with joint venture partners including Reabold Resources, has signed a non-binding letter of intent with Texas-based 360 Energy to start Bitcoin mining at the West Newton gas field. The project plans to use natural gas found on-site to power Bitcoin mining data centers. This approach aims to turn stranded gas …
Story Highlights The current price of AMPL is . AMPL price could reach a maximum of $3.86 by the end of 2025. With a potential surge, the Ampleforth price might go as high as $10.15 by 2030. Ampleforth began with a bold idea, what if a token could stay stable without needing a central bank …
The Bank of England (BOE) has cut its key interest rate once again, bringing it down to 4% from 4.25%. This marks the fifth rate cut since August 2024, when borrowing costs were as high as 5.25%. BOE Governor Andrew Bailey called it a “finely balanced decision,” and confirmed that interest rates are still on …
U.S President Donald Trump is pushing for a big change in how Americans save for retirement. He plans to sign an order that could open the door for crypto, including Bitcoin, to be part of 401(k) plans. While it’s not an official rule yet, this move could reshape the $12.5 trillion retirement market and give …
The loyalty program could increase stablecoin adoption, potentially reshaping user engagement and incentivizing participation in DeFi ecosystems.
The post Trump-backed World Liberty Financial to reward users for trading, holding, and staking USD1 appeared first on Crypto Briefing.
SBI Holdings has submitted applications to Japan’s Financial Services Agency for the approval of two exchange-traded funds tracking Bitcoin and XRP. The filings represent the first dual-asset spot crypto ETF proposal in the country and arrive shortly after the regulator opened discussions around reclassifying digital assets as financial instruments under the Financial Instruments and Exchange […]
The post Franklin Templeton backs XRP ETF play in Japan with ¥300 trillion AUM appeared first on CryptoSlate.
XRP may stay structurally weak unless whale wallets see daily inflows above 5 million tokens, one analyst warned.
James Howells, the British man who famously lost access to 8,000 Bitcoin in a 2013 landfill accident, is setting the record straight. Taking to X (formerly Twitter), Howells pushed back against recent social media claims that he has abandoned his search. He firmly denied the rumors and revealed a new strategy to reclaim his lost fortune, now worth roughly $923 million. Although he’s no longer seeking permission from his local council to search the landfill, he’s far from done. Howells Debunks Rumors, Plans To Turn His Lost $1 Billion In Bitcoin Into Ceiniog Coin In the post shared on X, Howells confirmed he has not given up and slammed years of rejection from Newport City Council. For over a decade, he says he tried public proposals, legal talks, mediation, and even offered over $30 million to recover the drive buried in the landfill. “$1 billion and they ignored it all,” he wrote. With no response from the council, he has decided to stop waiting. Related Reading: Shiba Inu Team Member Reveals ‘Primary Challenge’ And ‘Top Priority’ Amid Market Uncertainty Instead of continuing legal fights or making more offers, Howells announced a new plan: to tokenize the entire wallet of 8,000 BTC into a new cryptocurrency called Ceiniog Coin (INI). Named after an ancient Welsh coin, Ceiniog will act as a Layer 2 token built on Bitcoin, matching 1:1 with satoshis, the smallest unit of Bitcoin. He plans to create 800 billion INI tokens, each directly linked to the 8,000 BTC sitting on the lost drive. According to Howells, Ceiniog will launch in late 2025, powered by Bitcoin’s OP_RETURN functionality. It will integrate with Web3 projects like Stacks, Runes, and Ordinals. With the ICO planned later this year, Howells hopes the coin’s market value will eventually match that of the lost BTC, making him a theoretical billionaire, just 8.34% away from that goal based on current prices. How He Lost The Bitcoin And What He’s Done To Get It Back The saga began in 2013, when James Howells, a British IT professional, accidentally threw out a hard drive that contained the keys to 8,000 BTC, now worth nearly a billion dollars. Realizing the mistake too late, Howells spent the next 12 years trying to recover it. Related Reading: Spot Ethereum ETFs Set A New Record In July With $5.4 Billion Monthly Inflow He submitted detailed recovery proposals, including environmental clean-up plans and AI-powered landfill scans. He even offered to raise $75 million by selling 21% of the Bitcoin’s value to fund the excavation. His most recent formal offer in July 2025, worth between $33 million and $40 million, included a full purchase of the landfill and a cleanup strategy. Citing environmental risks and lack of confidence in the outcome, the Newport City Council rejected the plan. Now, instead of digging through landfill waste, Howells is building Ceiniog Coin as his way of reclaiming what he believes is rightfully his. He plans to debut the coin at a discount, letting early supporters buy in before the coin reaches its full value. Over time, he hopes the token’s value will naturally rise to reflect the worth of 8,000 Bitcoin. Featured image from Unsplash, chart from TradingView.com
The deal follows Bit2Me's authorization under the EU's MiCA license approval, allowing it to operate across the European Union.
Revived investment bank Salomon Brothers is using Bitcoin’s blockchain to claim abandoned wallets, sparking legal and ethical debates as it targets dormant addresses holding billions in BTC.
Story Highlights The live price of the 0X token is . ZRX could hit $2.54 by 2030 as 0x protocol gains traction in the DeFi space, with growing adoption of Ethereum-based assets. 0x is an open-source protocol that promotes the peer-to-peer exchange of Ethereum-based assets. It offers secure and audited smart contracts. Further, it comprises …
Build on Bitcoin raised $21 million to unlock native BTC DeFi with a new bridge, hybrid layer-2 infrastructure and institutional investor backing.
Your day-ahead look for Aug. 7, 2025
Just a day after Aave announced it had surpassed $60 billion in net deposits across 14 networks, scammers launched a phishing campaign targeting its users. Security firm PeckShield reported that fake Aave investment platforms were promoted through Google Ads, tricking users with phishing links. Aave’s deposits have more than tripled since August 2024, jumping from …