Exodus to cut 25% of staff in company reorganization
The wallet company said it expected the layoffs to generate between $10 million and $13 million in savings as part of its strategy to build a full-stack card issuance and payments platform.
Crypto
SEC sues Mining Automatic and founder over alleged $22M crypto mining scheme
The SEC alleges Mining Automatic and its founder raised $22 million from investors by promising guaranteed crypto mining returns while spending only a fraction of the funds on mining operations.
Patrick Witt defers military training as CLARITY heads to Senate
The White House’s top crypto adviser Patrick Witt said he will no longer take a leave of absence at the end of the month for military training, allowing him to remain at the White House to help advance the CLARITY Act i…
Bank of Korea Scales Up CBDC Pilot With Half a Million Users
South Korea's Bank of Korea ran a central bank digital currency, or CBDC, pilot for three months last year. Eighty-one thousand people opened wallets, but only 42% actually spent anything.
Bitcoin defies recent tech stocks sell-off. Are bulls eyeing a $70K rally?
Despite muted derivatives sentiment, Bitcoin’s decoupling and Strategy’s cash raise set the stage for a potential rally to $70,000.
Democrats added certain consumer protection rules to CLARITY: Coinbase exec
Coinbase vice chair Ryan VanGrack said that Democratic lawmakers had added provisions on customer protection to a digital asset market structure bill under consideration in the US Senate.
Bernstein raises Robinhood price target, cites tokenization and prediction markets
The brokerage’s blockchain strategy, including tokenized equities and its Arbitrum-based Robinhood Chain, could reduce its reliance on traditional crypto trading, analysts said.
Russia's First Comprehensive Crypto Law Is Two Votes Away From Passing
Russia's State Duma, the lower house of its legislative body, takes its final two votes on the country's first comprehensive cryptocurrency law on Tuesday.
BONK Recovers After Sell-Off While PEPE Tests Key Resistance—Here’s What’s Next for These Popular Memecoins
The post BONK Recovers After Sell-Off While PEPE Tests Key Resistance—Here’s What’s Next for These Popular Memecoins appeared first on Coinpedia Fintech News
AI Crypto Tokens at Risk? Hedge Funds DUMP Tech Stocks at Fastest Pace in a Decade
The post AI Crypto Tokens at Risk? Hedge Funds DUMP Tech Stocks at Fastest Pace in a Decade appeared first on Coinpedia Fintech News
Hut 8, IREN deals lift AI-focused Bitcoin mining stocks
Bitcoin miners rallied as investors cheered multi-billion-dollar AI infrastructure contracts, underscoring the sector’s accelerating shift toward data centers and cloud computing.
Allbridge Pauses Cross-Chain Protocol After $1.65M Flash Loan Attack
Cross-chain bridge Allbridge has paused its protocol after an attacker drained roughly $1.65 million from its Solana liquidity pools in a flash loan attack, according to blockchain security firms and the project itself.
Chainlink Exchange Supply Drops 12% as Institutional Adoption Accelerates
The post Chainlink Exchange Supply Drops 12% as Institutional Adoption Accelerates appeared first on Coinpedia Fintech News
BitMine Crypto Holdings Reach $11.5 Billion, Stakes Over 4.9 Million ETH
BitMine said its crypto, cash, marketable securities, and other investments reached $11.5 billion as of July 19. The company holds 5.78 million ETH, about 4.8% of Ethereum’s supply, with more than 4.9 million ETH staked…
Tom Lee's Bitmine Taps the Brakes on ETH Buys, Pivots $86M Into Stock Buyback
Ethereum treasury company Bitmine barely moved the needle on its ETH stack last week, adding just 7,430 ETH—about $14 million—as it steered capital toward buying back its own shares instead.
Cardano Triggers Hard Fork With First Community-Voted Upgrade
Cardano has hard forked, implementing the Van Rossem upgrade over the weekend and transitioning the network to protocol version 11.
Exodus to cut 25% of global workforce in payments shift
Crypto wallet firm Exodus Movement (EXOD) will cut about 25% of its global workforce as it reshapes its business around stablecoin payments and card infrastructure.
Nigerian president signs order on approach to crypto regulation, taxes
The West African country’s executive order established a virtual asset council and addressed the fragmentation of crypto regulation for oversight and enforcement.
Bernstein Predicts 60% Robinhood Rally, Lifts HOOD Target to $160
The post Bernstein Predicts 60% Robinhood Rally, Lifts HOOD Target to $160 appeared first on Coinpedia Fintech News
INJ Price Eyes $15 as Coinbase Migration and Robinhood Listing Boost Injective Ecosystem
INJ gained multiple ecosystem catalysts, including Robinhood listing and Coinbase mainnet migration.
Bitcoin price hits $65K wall as stocks battle ‘record’ institutional tech sell-off
Bitcoin faced troublesome resistance at $65,000 while traders still saw a potential BTC price breakout into a “bullish market structure.”
Ethereum Price Prediction: Can ETH Reclaim $2,000 in July as Whales Accumulate?
The post Ethereum Price Prediction: Can ETH Reclaim $2,000 in July as Whales Accumulate? appeared first on Coinpedia Fintech News
Can Stablecoin Market Cap Reach $1 Trillion? What the Data Reveals
The post Can Stablecoin Market Cap Reach $1 Trillion? What the Data Reveals appeared first on Coinpedia Fintech News
Peter Brandt predicts the exact day Bitcoin’s bear market will be over
Renowned trading analyst Peter Brandt says investing in Bitcoin today, will pay off much better in two to three years than buying AI stocks at current prices.