Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

On July 19, the CoinDCX USDT hack resulted in the theft of $44 million via six internal wallets after a test transfer. Attackers exploited a targeted social engineering attack against senior engineer Rahul Agarwal, compromising his work laptop with malware to capture login credentials. Bengaluru cybercrime officers arrested Agarwal on July 26, accusing him of collusion and receiving $17,000 and suspicious files over WhatsApp. No customer funds were lost; the breach affected only operational liquidity accounts. In response, CoinDCX launched a recovery bounty offering 25% of any reclaimed funds, up to $11 million. This CoinDCX USDT hack underscores growing security risks at centralized exchanges and the need for enhanced protocols.

Coinbase Q2 revenue declined to $1.5bn, missing the $1.56–1.59bn forecast as spot trading volumes fell 26%. Adjusted EPS was $0.12, far below the $1.49 estimate. While transaction revenue slumped, subscription and services revenue fell only 6% to $656m, supported by a 12% rise in stablecoin revenue to $332m. Such weak Coinbase Q2 revenue underscores the importance of stablecoin revenue as a buffer. The company highlighted regulatory wins—the GENIUS Act and CLARITY Act—and launched its Base App beta with over 700,000 users. It outlined plans for an “everything exchange” featuring tokenized real-world assets and prediction markets. For Q3, Coinbase forecasts subscription and services revenue of $665m–$745m. Traders should track stablecoin revenue and regulatory developments for signs of market resilience.

El Salvador and Bolivia have signed a memorandum of understanding to share expertise in crypto regulations, blockchain intelligence tools, risk analysis, and compliance. The indefinite MOU, inked by Acting President Edwin Rojas Ulo and CNAD President Juan Carlos Reyes García, aims to help Bolivia develop a comprehensive digital asset regulatory framework and boost financial inclusion. Since lifting its crypto ban in 2024, Bolivia’s monthly trading volume soared from $46.5 million in June 2024 to $294 million by June 2025, with stablecoin USDT widely used amid USD shortages. State firm YPFB now accepts cryptocurrencies for fuel imports, underscoring real-world adoption. El Salvador, the first country to adopt Bitcoin as legal tender through its 2021 Bitcoin Law, mines BTC using volcanic energy and holds 6,246 BTC (~$740 million). Its pro-innovation stance has attracted initiatives like Bitfinex tokenized US Treasury bills and Tether’s relocation. Traders can expect improved crypto regulations and clarity under this partnership, which should streamline adoption and bolster market confidence.

Ethereum surged 56% in July to a three-year high of $3,862, fueled by over $5.37 billion of spot Ethereum ETF inflows across 19 consecutive days. BlackRock’s iShares Ethereum ETF surpassed $10 billion in assets under management just 251 days after launch. For six days, Ethereum ETF inflows outpaced Bitcoin ETFs, signaling shifting investor sentiment. In the futures market, Ethereum’s perpetual contract volume overtook Bitcoin for the first time in three years. Analysts note a significant cluster of short positions just above $4,000, where $930 million in potential liquidations could trigger a rapid advance toward $4,500. However, the RSI shows bearish divergence, indicating weakening buying pressure. A decisive break above $4,000 with strong volume could spark further gains; failure may prompt a retracement to $3,700 or as low as $3,200–$3,300.

Fold and Blackhawk Network have partnered to distribute Bitcoin gift cards through digital channels since May 2025 and will expand into physical retail later this year. Available at over 400,000 U.S. stores, these prepaid vouchers let consumers buy Bitcoin at checkout without a crypto wallet, redeemable via the Fold app. Users select a card value online or in-store and redeem Bitcoin gift cards via the Fold app. They receive BTC they can hold in the app, spend with a Fold debit card, or transfer to private wallets. The program leverages Blackhawk’s gift-card infrastructure and loyalty channels to lower barriers for mainstream crypto adoption. Following Fold’s $365 million SPAC merger and Nasdaq listing in February 2025, the partnership illustrates the growing convergence of retail payments and crypto. Traders should watch for rising Bitcoin demand and improved on-ramp convenience as adoption broadens.

Philippines government has launched a Polygon blockchain-based notarization system for public documents, boosting transparency and combating AI-driven deepfakes. Part of Project Marissa and announced on July 30, 2025, by DBM Undersecretary Maria Francesca Montes Del Rosario, the platform issues NFTs for SAROs and NCAs. Documents are generated via the Department of Budget and Management’s ADRS, processed through BayaniChain’s Lumen BaaS and filtered by Prismo Protocol. Approved records are permanently recorded on the Polygon blockchain for public access. A 3.5-hour Heimdall v2 outage on July 31 briefly delayed the launch, but the Bor layer stayed online, highlighting network reliability. This is the first time a Philippine government office has recorded its national budget on a public blockchain. Following a 2024 DOST blockchain and NFT program, this deployment is likely to drive higher Polygon network activity and set a new standard for public-sector digital services.

Tether reported a record Q2 2025 net profit of $4.9B, fueled by its USDT stablecoin business and $2.6B in mark-to-market gains on Bitcoin and gold. BDO’s attestation showed $13.4B of new USDT issued, lifting circulation above $157B. By June 30, Tether held $162.6B in assets and $157.1B in liabilities, with $127B invested in US Treasuries—ranking it among the top private holders of US government debt. Profit from recurring operations reached $3.1B, bringing H1 profit to $5.7B. Tether plans to reinvest earnings into AI, renewable energy and communications infrastructure. The US GENIUS Act and clearer stablecoin regulations underpin Tether’s growth, while competitor moves—like Circle’s USDC IPO surge, PayPal’s yield-bearing stablecoin and a new Euro-backed token—signal a maturing stablecoin sector. Traders should note Tether’s reinforced market leadership and stablecoin stability outlook.

The US Court of Appeals for the 2nd Circuit has overturned the 2023 convictions of former OpenSea product manager Nathaniel Chastain on wire fraud and money laundering charges tied to NFT insider trading. Judges ruled that selecting and featuring NFTs did not legally constitute company property, invalidating the jury’s flawed property-law instructions. The court also excluded evidence of OpenSea CEO Devin Finzer’s pre-announcement MATIC purchases as irrelevant. Chastain’s original penalties—three months’ imprisonment, house arrest, probation, community service, a $50,000 fine and forfeiture of 15.98 ETH—are now vacated and the case may be retried. While the decision doesn’t excuse unethical conduct, it clarifies that misuse of confidential NFT listing data falls under breach of trust rather than federal wire fraud, setting a key precedent for NFT trading compliance and insider-information enforcement.

Coinbase video "Everything Is Fine" satirically contrasts upbeat lyrics with stark images of rising inflation, poverty and debt in the UK economy. The clip highlights 20.3 million adults—44% of the population—facing financial vulnerability due to unstable incomes, health challenges and low savings. Debt among average earners jumped 59% to 3.5 million, while food bank use rose to 15%. Half of vulnerable adults cannot afford a healthy diet, and many rely on credit, buy-now-pay-later schemes or payday loans for essentials. The Coinbase video underscores growing crypto regulation uncertainty. A separate OMFIF report warns the UK is losing its Brexit-era advantage in crypto oversight to the EU and US. Traders should watch how financial stress and regulatory gaps could shape market sentiment and crypto adoption.

Bitcoin treasury strategy: Robin Energy, a Nasdaq-listed energy transport firm, has approved a corporate Bitcoin treasury strategy. The company will allocate an initial $5 million from cash reserves. It plans to dollar-cost average up to 50% of its long-term cash into BTC. This strategy aims to diversify assets, hedge inflation, and drive potential appreciation. It avoids new debt and equity dilution. This Bitcoin treasury strategy underscores Bitcoin’s role as a liquidity tool and long-term growth driver. It reflects growing institutional adoption and sets a new corporate finance precedent. Traders should weigh market volatility, regulatory uncertainty, custody security, and accounting challenges. This move may boost market confidence and spark similar strategies across traditional industries.

PowerBank and Intellistake have formed a strategic alliance to integrate a Bitcoin treasury program and explore real-world asset tokenization in clean energy. PowerBank plans to add BTC to its corporate balance sheet as a long-term Bitcoin treasury reserve. Intellistake will manage custody, security and treasury operations. The partners aim to issue blockchain-backed tokens representing solar and energy storage infrastructure, unlocking liquidity and broadening investor access. Industry analysts project the tokenized asset market could reach $30 trillion by 2034. All transactions remain subject to market conditions and regulatory approval. The move reflects a growing trend of clean energy firms adopting digital assets and DeFi solutions for sustainable finance innovation.

The Ether Machine, formed by merging Ether Reserve with Nasdaq-listed Dynamix earlier this year, purchased 15,000 ETH at $3,809 each for $56.9 million, boosting its holdings to 334,757 ETH and surpassing the Ethereum Foundation’s roughly 234,000 ETH. Funded by private placement proceeds, the firm still holds $407 million reserved for further ETH acquisitions. Now the third-largest institutional ETH holder behind Bitmine and SharpLink Gaming, The Ether Machine plans to generate returns through staking, liquidity provision and ecosystem funding. Following the announcement—coinciding with Ethereum’s tenth anniversary—ETH climbed 1.5% to $3,862 amid rising institutional demand. The firm expects to complete its Q4 SPAC merger and list on Nasdaq under the ticker ETHM, targeting a $1.6 billion IPO and a holding of over 400,000 ETH by the listing date.

The Trump administration plans to expand a national Bitcoin reserve under a March executive order. Robert “Bo” Hines, executive director of the White House Digital Asset Market Working Group, confirmed that accumulation efforts are underway. While precise holdings remain undisclosed, Nansen data suggests US government reserves around 198,000 BTC (~$2.35 billion). Hines said growing the Bitcoin reserve will require robust infrastructure, regulation and time. He noted multiple acquisition methods but declined to specify details. The recent crypto policy report focused on regulatory clarity, explaining why reserve specifics were omitted. Although the administration recognizes broader digital-asset innovation, its priority remains Bitcoin, with progress expected shortly. This move reflects a broader focus on crypto regulation and market infrastructure.

Invesco and Galaxy Digital have jointly filed a Spot Solana ETF application with the SEC via the CBOE. The proposed Spot Solana ETF would hold actual SOL tokens, offering regulated, liquid exposure to Solana’s high-speed Proof-of-History network. The move underscores growing institutional investor confidence and leverages Invesco’s global ETF expertise and Galaxy Digital’s crypto market knowledge. The filing includes surveillance-sharing agreements to address SEC concerns over market manipulation, network stability and SOL’s classification. If approved, the Spot Solana ETF could unlock significant institutional capital, boost SOL liquidity and pave the way for future altcoin ETFs.

Trump’s White House Working Group on Digital Asset Markets, led by David Sacks, has pressed for clearer federal crypto regulation. It urged the SEC and CFTC to set uniform standards on custody, registration, trading, and record-keeping, and recommended Congress classify cryptocurrencies as a distinct asset class and update tax rules. In July, the GENIUS Act became law, standardizing stablecoin regulation, digital asset custody, and tokenized markets. The group’s input also shaped the pending CLARITY Act and Anti-CBDC Surveillance State Act now before the Senate. Industry leaders including Michael Sonnenshein of Securitize and Sergey Nazarov of Chainlink welcomed these measures. The Atlantic Council predicts that regulatory clarity will drive major banks such as JPMorgan, Citigroup, and Bank of America to launch stablecoin services, spurring institutional adoption and expanding consumer access. Traders should monitor these crypto regulation developments for potential shifts in liquidity and trading strategies.

On July 30, 2025, a validator exit triggered a consensus bug in the Polygon Heimdall V2 layer. The Polygon outage halted consensus for one hour, though the Bor execution layer continued processing transactions. Several RPC providers then faced sync inconsistencies, causing explorers and dApps to report false downtime. Developers deployed a patch by 11:01 UTC and are working with providers to restore full RPC sync. With over $1.4 billion TVL and the recent Heimdall V2 upgrade—featuring CometBFT integration and five-second finality—this Polygon outage highlights risks tied to added system complexity. The incident shaved nearly 3% off the POL token price and may weigh on trader confidence. Crypto traders should monitor RPC status and network health indicators to anticipate any residual transaction delays.

Pepescape presale has raised over $1 million in its early-stage offering. The Ethereum-powered meme coin combines DeFi infrastructure with community-driven features. It has launched Gigacex, a community exchange MVP where traders and liquidity providers earn governance tokens to vote on listings, fees and policies. Fee revenue is shared with active users, reinforcing decentralization. Pepescape presale offers zero vesting and 100% token unlock on Day 1. Stage 1 price is $0.000356 per token, rising to $0.0012 in stage 2. Backed by Ethereum with planned multichain support, this presale provides traders a bullish entry point ahead of centralized exchange listings.

Indonesia’s Finance Ministry will enforce updated crypto tax rules under Regulations No. 50/2025 and No. 53/2025 from August 1. The domestic crypto tax on exchange trades rises from 0.1% to 0.21%, while offshore exchange trades jump from 0.2% to 1%, increasing the cost of crypto trading. The VAT on crypto mining doubles from 1.1% to 2.2%, and the 0.1% special mining income tax is removed. From 2026, mining profits fall under standard personal or corporate income tax. Buyers gain relief as transfers of crypto assets classified as securities are now exempt from 0.11–0.22% VAT. Finance Minister Sri Mulyani Indrawati said these measures aim to provide legal certainty and recapture revenue lost to offshore platforms. Traders should prepare for potential volume shifts, fee repricing, and broader regulatory impacts in Southeast Asia’s third-largest crypto market.

Kraken is in talks to raise $500 million at a $15 billion valuation as it positions for a potential IPO in Q1 2026. This funding round follows a boost from the SEC dropping its lawsuit in March and reflects easing U.S. crypto regulations. The U.S.-based exchange handles around $1.37 billion in daily trading volume across over 1,100 pairs, about half of Coinbase’s $2.77 billion, according to CoinGecko. Recent crypto listings like Circle, eToro, Coinbase and Robinhood have outperformed, signaling strong market optimism. On the product side, Kraken has launched “Krak,” a peer-to-peer fiat and crypto payments app, and secured EU-wide approval under the MiCA framework, paving the way for European expansion.

Twenty One Capital, backed by Tether, Bitfinex, Cantor Fitzgerald and SoftBank, has boosted its Bitcoin holdings to 43,514 BTC. This places it third among public corporate holders, behind MicroStrategy and Marathon Digital. The aggressive accumulation underscores growing institutional investment and market maturity in digital assets. With long-term Bitcoin holdings locked away, exchange supply is tightening, potentially adding upward Bitcoin price pressure. The venture bridges traditional finance and crypto, pooling expertise in stablecoin issuance, trading infrastructure and institutional trading. While large-scale Bitcoin holdings carry volatility and regulatory risks, they can improve market stability and clarify regulatory frameworks. Traders should watch institutional investment flows, supply dynamics and corporate treasury allocations for potential market support.

Strategy Corp has raised $2.5 billion via its STRC preferred shares offering, issuing 28 million perpetual preferred shares at $90 each on Nasdaq. The proceeds funded the purchase of 21,021 BTC at an average price of $117,256, lifting its total Bitcoin holdings to 628,791 BTC (over $74 billion). STRC preferred shares offer floating monthly dividends starting at 9%, appealing to income-focused and institutional investors seeking Bitcoin exposure without direct market risk. This first-of-its-kind permanent preferred security addresses compliance hurdles for pension funds and insurers through structured equity. Following the offering, Strategy’s common stock dipped 2.3% but recovered in after-hours trading. Market analysts say the STRC preferred shares deal could deepen Bitcoin liquidity and reduce spot-market swings, a bullish signal for market stability. Strategy’s upcoming Q2 earnings will shed light on the financial impact of its latest Bitcoin accumulation.

Kraken funding round to raise $500M at a $15B valuation highlights sustained institutional confidence in the crypto exchange. The proceeds will bolster platform infrastructure, strengthen security, support regulatory compliance and fuel strategic growth initiatives. This financing underscores Kraken’s strong market position amid rising competition and reflects investor optimism about the digital asset ecosystem. The capital will accelerate global expansion, introduce new product offerings, enhance asset listings and trading features, and may enable strategic acquisitions. For traders, Kraken funding signals improved liquidity, faster transactions and broader asset availability, potentially boosting trading volumes and setting a new benchmark for exchange valuations.

Ruvi AI presale has raised over $2.6M, selling 205M RUVI tokens at $0.015 each. Phase 2 is 70% sold. Phase 3 price will rise to $0.02, and $0.07 by presale end. Analysts predict a $1 listing price, implying up to 100x ROI. A CyberScope audit confirmed smart contract security. The project targets marketing and entertainment sectors with AI-driven ad optimization and blockchain analytics offering instant payouts for creators. CoinMarketCap listing and WEEX Exchange partnership boost credibility and access. VIP tiers grant 40%–100% bonus tokens. Traders should watch phase transitions and listing developments as key catalysts for Ruvi AI token price.

The U.S. Securities and Exchange Commission (SEC) has approved in-kind creation and redemption for spot Bitcoin (BTC) and Ether (ETH) ETFs and is now reviewing amendments to extend this in-kind creation mechanism to Bitcoin and Ethereum ETPs. Under the in-kind creation framework, authorized participants can exchange ETF shares directly for underlying crypto assets, reducing transaction costs, minimizing tracking errors, and improving market efficiency. Major issuers such as Fidelity and VanEck have filed support, reflecting growing institutional demand. Analysts expect enhanced liquidity, lower arbitrage risks, and new product innovation. The developments mark a significant step toward a more mature crypto regulatory landscape and could bolster investor confidence in crypto ETFs and ETPs.

Pepeto presale on Ethereum has raised over $5.6 million at a ground-floor price of $0.000000143 per token out of a 420 trillion supply, offering early investors up to 100x upside if it reaches PEPE’s price. The Pepeto presale combines meme coin appeal with practical features via PepetoSwap—a zero-fee trading platform—and a cross-chain bridge. With 100,000+ community members and viral marketing, Pepeto aims for an Ethereum listing soon. Investors can participate using USDT, ETH, or BNB. Competing meme tokens like PEPE and Little Pepe face market cap constraints or lack integrated infrastructure, giving Pepeto an edge in scalability and cost efficiency. Traders should weigh its unique utility, fee-free model, and high potential returns as the presale allocation window closes.

eToro has selected Ethereum for its stock tokenization service, minting 100 US-listed stocks and ETFs as ERC-20 tokens fully backed by underlying shares. These tokens trade 24/5 globally and can be redeemed for real positions on the eToro platform. The firm also markets spot-price futures tied to these tokens through a CME Group partnership. To fuel its expansion, eToro secured a $250 million three-year credit facility. Building on its 2019 tokenization of gold, silver and fiat, eToro plans to extend stock tokenization across all asset classes and integrate these ERC-20 tokens into DeFi protocols, potentially reshaping decentralized access to US equities.

Twenty One Capital has increased its Bitcoin holdings to over 43,500 BTC, surpassing its original target by 1,500 BTC. The firm, backed by Cantor Fitzgerald, Tether, Bitfinex and SoftBank, acquired roughly 5,800 BTC from Tether, bringing its treasury to $5.13 billion at current prices. Unlike many peers, it employs a debt-free strategy and plans to go public via a SPAC merger with Cantor Equity Partners. This milestone underscores a broader corporate trend of Bitcoin accumulation and intensifies competition for scarce BTC.

Twenty One Capital will complete a Bitcoin acquisition of 5,800 BTC from Tether at an average cost of $87,280 per coin. This deal boosts its Bitcoin treasury to 43,500 BTC and reinforces its ranking as the third-largest corporate holder. The acquisition is tied to a SPAC listing merger with Cantor Equity Partners (Nasdaq: CEP), with shares to trade under ticker XXI. The firm will launch a new Bitcoin Per Share (BPS) metric, replacing EPS at roughly 12,559 satoshis per share. All holdings will be held on-chain with real-time proof of reserves. Major backers include Tether, Bitfinex and SoftBank, offering transparent Bitcoin exposure without traditional liabilities.

A Standard Chartered report shows corporate treasury firms have accumulated 1% of the total ETH supply since early June, surpassing Bitcoin holdings. Record inflows into spot Ethereum ETFs have further boosted Ether prices. ETH remains about 21% below its all-time high of $4,890. Standard Chartered forecasts that institutional ETH holdings could climb to 10% of the circulating supply by year-end. Firms are drawn by staking rewards and DeFi leverage, benefits not available to US Bitcoin ETFs. These drivers are fueling robust institutional investment in ETH. Leading investors include BitMine Immersion Tech, which holds 0.5% of circulating ETH and plans to increase its stake to 5%. New entrant Ether Machine aims to secure over 400,000 ETH (roughly $1.5 billion) and pursue a Nasdaq listing as ETHM. Continued inflows and ETF launches could push ETH toward $4,000 by year-end.