Could this expiry be the spark that breaks Bitcoin out of its current range?
Ethereum generated $7.3 billion in transaction fees last year. Stablecoin transfers accounted for 60% of total revenue. Continue Reading: Ethereum Network Generates Multi-Billion Dollar Revenue! The post Ethereum Network Generates Multi-Billion Dollar Revenue! appeared first on COINTURK NEWS .
If successful, Genius Group’s $1 billion lawsuits could net shareholders $7 per share while boosting the company’s Bitcoin holdings by 5,000 BTC.
U.S. Senator Tim Scott, who chairs the Senate Banking Committee, announced plans to advance legislation on digital asset market structure by the end of September, signaling renewed urgency in shaping the crypto regulatory landscape. Speaking during a “fireside chat” with Senator Cynthia Lummis and White House crypto adviser Bo Hines on Thursday, Scott emphasized that a clear market framework is necessary for the crypto market to function effectively in the United States. “For the market to function completely, we need to move forward with legislation for market structure and stablecoins,” Scott stated, setting a September 30 target for passing the bill. In support, Senator Lummis assured, “You’re the chairman, and we will do as you wish. We will make sure that we’re ready to do that,” reflecting strong committee alignment on advancing the crypto agenda. Lummis Pushes Forward with Crypto Legislation At the Bitcoin Policy Summit a day prior, Lummis noted she would be “extremely disappointed” if key legislation like the GENIUS Act and market structure bills were not enacted before 2026. The GENIUS Act, designed to guide stablecoin innovation in the U.S., has cleared the Senate but awaits action in the House of Representatives. As of June, neither chamber has scheduled a floor vote on comprehensive market structure legislation. The timeline shared by Scott and Lummis may differ from President Donald Trump’s push for swift crypto legislative action. On June 18, Trump called on the House to pass the GENIUS Act and deliver it to his desk “ASAP,” reflecting the administration’s prioritization of stablecoin regulation. CLARITY Act in Senate Focus Lummis expressed her intent to draft market structure legislation before the August recess, aiming for a September markup. She highlighted that the Senate may look at the House’s Digital Asset Market Clarity Act (CLARITY Act) as a reference point for crafting its version. The CLARITY Act, which passed out of committee in June, aims to clarify which digital assets qualify as securities under SEC oversight or as commodities under the Commodity Futures Trading Commission (CFTC). The proposed legislation is intended to establish clear guidelines for digital asset firms , fostering legal clarity that could drive institutional adoption while maintaining consumer protections. If successful, the bill could become a foundational pillar for the United States in regulating and fostering growth within the crypto sector. The post Senate Targets September for Passing Landmark Digital Asset Market Structure Bill appeared first on TheCoinrise.com .
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. It’s often said that good regulation should promote disruption, not inhibit it; however, the FCA’s stance towards digital asset ETPs has remained stubbornly conservative and set in its ways for the last decade. As things stand, the FCA currently prohibits UK retail investors from accessing digital assets through regulated, exchange-traded products, ETPs. The reasons cited are well known and can essentially be summarised as the following: challenges related to assessing their true value, high prevalence of cybercrime, extreme volatility associated with these speculative assets that people are poorly equipped to understand, and lastly, there’s no legitimate investment need for cryptocurrencies. You might also like: The UK has to get its crypto house in order | Opinion While the aforementioned reasons may have held weight ten or even five years ago, as digital assets enter the mainstream and over 500 million people use them around the world for reasons beyond mere speculation, these arguments look increasingly out of date. For one thing, the criticism that cryptocurrencies are highly speculative and are hard to effectively value applies to many traditional asset classes (early-stage venture capital, art, and commodities) that face comparable challenges when trying to judge their value. However, these are still accessible to retail investors. Often overlooked but no less important is that, unlike the aforementioned traditional assets, cryptocurrencies, particularly those with established utility or monetary properties, such as Bitcoin ( BTC ), have transparent, auditable supply mechanisms and globally liquid markets that support valuation frameworks based on adoption, scarcity, and usage. Critics have, since its inception, pointed out how bitcoin and digital currencies can be used for nefarious means. Indeed, my first encounter with Bitcoin came in 2011 when, at GCHQ, I saw it being applied for criminal transfers. While that may have been true over a decade ago, the authorities have cottoned on to its potential use, and illicit activity in cryptocurrency markets has declined and is often more traceable due to the blockchain’s transparency. Major ETPs operate on regulated exchanges with institutional-grade custodians and compliance measures. Cryptocurrency transfers, by definition, leave a signature that can be monitored, unlike suitcases filled with cash, which can be transported without any electronic trace or potential for monitoring. Alongside their speculative nature, critics cite the extreme volatility associated with cryptocurrencies, while this is undeniably true, volatility exists across many retail-accessible asset classes, such as leveraged ETFs or EM equities. Volatility and its accompanying risks don’t on their own merit exclusion from retail investors, especially when access is through diversified and professionally structured ETPs with transparent risk disclosures. A fairer and more addressable criticism is the lack of education and understanding on how to invest in these products by retail customers. Without proper knowledge on how to store assets, check accredited exchanges for purchasing assets, and ensure data is properly managed, consumers are vulnerable to scams and errors that can be costly. Investor education should, for this reason, be a regulatory priority, not a reason for exclusion. Many retail investors routinely allocate to complex products (structured notes, options, etc.) under regulated advice or self-direction. Crypto ETPs offer a familiar, regulated wrapper for exposure, simplifying access and removing custody and technical barriers, thereby improving—not reducing—investor understanding. At Bitwise, we currently work with CFA and directly with the allocator community to improve education for both retail and institutional investors. The final and most used criticism of blockchain technology and cryptocurrencies in general is that it’s a “solution in search of a problem” and that there’s no legitimate investment need. Defining that constitutes a “legitimate need” is highly paternalistic and inconsistent with free-market principles. Retail investors may seek portfolio diversification, long-term growth, or a hedge against monetary debasement—all of which cryptoassets can potentially provide. The demand is clear: UK investors already access crypto through offshore platforms, often at greater risk. It’s clear that the current status quo from the FCA is untenable; 7 million retail investors/users exist in the UK alone, and they can currently only access offshore platforms and unregulated products where corporate governance and compliance levels vary hugely. This technology has proven itself to be more than just a fad; it is now pervasive throughout every sector and industry globally. Digital Assets and blockchain technology sit at the nexus of multiple mega trends such as the digitisation of money, Agentic AI, energy grid optimisation, and tokenization of real-world assets. Retail investors are right to want to support the Web3 economy and future growth of these markets; the FCA should provide them the guidelines and protection they’re crying out for. Read more: From the margins to the mainstream: The new capital frontier is not what you think it is | Opinion Author: Ray Dillet Ray Dillet is the Head of Financial Institutions at Bitwise. He brings over 15 years of professional experience as an Alternatives specialist, holding senior business development and strategy roles at Deutsche Bank, PGIM, and (Lyxor) Amundi, where he partnered with some of the most well-regarded Hedge Funds globally. He also co-founded Bridge Partners, a boutique advisory and asset management firm that employs a strategic and thesis-driven approach to digital asset investing. Prior to this, he spent several years in the British Army and Security Services, first encountering Bitcoin in 2011 whilst working at the National Cyber Security Centre (GCHQ), and he has been actively investing in digital assets since 2017.
On-chain data reveals a significant move by trader AguilaTrades, who recently closed a BTC long position, securing profits of $1.97 million. Shortly after, the trader initiated a new 20x leveraged
It’s been a rocky year for Ethereum ( ETH ) holders. The world’s second-largest cryptocurrency has declined 26.73% year-to-date and is currently trading 29% lower than it was a year ago. At $2,445.14 per token, ETH is down another 4.03% just this week. ETH 7-day price chart. Source: Finbold While institutional money continues to flow in (Spot Ethereum ETFs pulled in $741.7 million in the last two weeks), the technical picture appears shaky. ETH recently pushed above $2,520 but has since pulled back, with analysts eyeing potential support around $2,320. Still, if you had the good sense to buy Ethereum three years ago, you’d be sitting pretty today. A $10,000 investment in ETH in 2022 On June 27, 2022. Ethereum was trading at $1,193.68, according to data from CoinMarketCap . That means your $10,000 would have purchased approximately 8.38 ETH tokens. It wasn’t exactly an obvious buy at the time. The cryptocurrency market was in the midst of a brutal bear market , with Ethereum having crashed from its November 2021 peak of over $4,800. The ride has been anything but smooth since then. Ethereum continued falling before eventually clawing its way back, even touching above $4,000 in 2024. How much ETH would you have now? Those 8.38 ETH tokens you bought for $10,000 three years ago are worth $20,490 today, a profit of $10,490, or a 104.9% return. Not bad, but it depends on what you’re comparing it to. XRP investors who bought three years ago are up a whopping 433% , while SHIB holders managed just 41.9% . Disclaimer : The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. Featured image via Shutterstock. The post $10,000 invested in ETH 3 years ago is now worth appeared first on Finbold .
Thailand is moving swiftly to secure a trade agreement with the United States before the July 9 deadline when a 36% legislative tariff may be levied on Thai imports. The final negotiation process will take place in the coming week as the Finance Minister, Pichai Chunhavajira, will visit Washington. Pichai has denied the proposed rate, which is widely reported as 18%. In a statement issued on X, he clarified that the 18% figure is an economic model used by the Bank of Thailand during a scenario test, not a final rate agreed upon in the negotiations. This explanation comes amidst the increasing speculation regarding the nature of the talks between the two governments. Wuttikrai Leeviraphan, the Permanent Secretary for Commerce, confirmed that Thailand made an official proposal on June 20 after the technical talks. He stated that the offer has the potential to cut the tariff to the 10% minimum given in April under President Trump’s reciprocal trade framework. Washington signals flexibility but holds leverage President Donald Trump initially announced broad reciprocal tariffs on April 2 against virtually all U.S. trading partners. Although the base level was lowered to 10%, other rates were held for 90 days to enable negotiation. That deadline lapses on July 8, and those nations that will not reach an agreement face possible high duties the following day. White House Press Secretary Karoline Leavitt said on June 26 that the deadlines are not strict. She said the president could stretch them at his discretion or direct deals with individual countries. In this policy, the president can levy rates that he feels profitably serve U.S. employees by merely exercising his will. Howard Lutnick, the Secretary of Commerce, also said that the administration seeks to seal major trade agreements with 10 leading countries within the next few weeks. Thailand, one of the leading exporters in the Southeast Asian region, has been considered one of the countries with the highest priority in this effort. The current negotiations come after the recent agreement on a U.S.-China trade accord in Geneva. Lutnick affirmed that China was also willing to provide rare earth elements that run industries important to those of the United States, such as defense and renewable energy. Washington, in turn, will drop Chinese export countermeasures. The agreement with China may provide an example to some other bilateral agreements that are being developed. EU braces for 50% tariffs as Brussels analyzes US offer Meanwhile, the European Union is being pressured to conclude a trade deal. Trump has threatened to impose a 50% tariff on EU goods beginning July 9. European Commission President Ursula von der Leyen told reporters on Thursday that the EU is ready to strike a deal but is prepared to see out every eventuality. Von der Leyen said the Commission received the latest U.S. proposal and is analyzing its contents following an EU leaders’ summit in Brussels. She emphasized the need to protect European interests if negotiations fail to yield the kind of result that was desirable. Currently, most EU products are exposed to a 10% tariff, and additional rates have already been imposed on automobiles, steel, and aluminum. The Commission is coordinating with member states to step up negotiations with Washington. The diplomatic shift by Thailand coincides with the U.S. transforming the world trade, using direct talks, the threat of tariffs, and accelerated bilateral agreements. Countries that cannot compromise stand to lose preferential access to the world’s largest economy. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
US-based cryptocurrency exchange Bakkt has become one of the latest companies to jump on the bandwagon of growing institutional adoption of Bitcoin. Accordingly, Bakkt may purchase Bitcoin (BTC) after the $1 billion shelf offer is presented. At this point, Bakkt aims to raise up to $1 billion through various securities issuances that can be used to finance the purchase of Bitcoin. Since Bakkt has filed Form S-3 with the SEC to issue securities in one or more issues, with the number, price and terms determined at the time of the issuance, with the total issuance not to exceed $1 billion. This process, called shelf registration, allows Bakkt to quickly issue bonds and buy Bitcoin and cryptocurrencies with them when the right conditions are met. “…We may acquire Bitcoin or other digital assets using excess cash, proceeds from future equity or debt financings, or other capital sources…” Bakkt’s move comes after it updated its investment policy earlier this month to allow it to buy BTC and other cryptocurrencies. Bakkt announced that its board of directors had approved a plan to invest in cryptocurrencies, including Bitcoin. However, Bakkt has not yet purchased or announced any Bitcoin or other digital assets under its updated investment policy. *This is not investment advice. Continue Reading: Bakkt, Which Donald Trump Allegedly Will Buy, Is Preparing for a $1 Billion Bitcoin (BTC) Move!
Ethereum Foundation has shoveled an impressive amount of ETH this month; the latest transfer occurred today