On July 3rd, a notable transaction was recorded involving an Ethereum Foundation developer, who moved 1,000 ETH, valued at around $2.6 million, to a wallet beginning with 0xc061. This particular
Jack Yi, the founder of LD Capital, stated on social media that the volatility in the crypto market is nearing an end. Yi argued that when the market starts to rise, sudden drops can sometimes disrupt the process, but these fluctuations will not change the general trend. JackYi, who claimed that the expected interest rate cuts and developments in the Ethereum ecosystem in the near future will surprise patient investors, said that especially if the Ethereum (ETH) price exceeds the $ 3,000 level, this will be a harbinger of a real bull market not only for investors but for the entire sector. Yi said, “In a bull trend, we only buy on declines.” Related News: One of Belgium's Largest Banks Takes Important Step with Bitcoin (BTC) and Ethereum (ETH) So why is ETH lagging behind Bitcoin? According to Yi, the main reason for this situation is that institutional investors have embraced Bitcoin’s narrative. While Bitcoin is seen as a “store of value” with a simple and clear value proposition, ETH’s function is much broader and more versatile. Ethereum is not just a cryptocurrency, it is the programmable infrastructure of the entire tokenized economy. Therefore, the narrative of Ethereum is more comprehensive, which leads to a delay in institutional adoption. However, Yi believes that Ethereum’s broader potential will become more widely understood over time, and price action will reflect that. *This is not investment advice. Continue Reading: Chinese Analyst Reveals: “If Ethereum Surpasses This Price Level, the Bull Run Will Begin”
OpenAI issued a firm statement Wednesday denying any affiliation with the tokenized equity tokens offered by trading platform Robinhood, emphasizing that the tokens do not represent real ownership or equity in the company. The trading platform began offering tokenized shares of OpenAI and SpaceX ( SPACE ) to its users in Europe. “These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X . “We did not partner with Robinhood, were not involved in this, and do not endorse it.” The company said that “any transfer of OpenAI equity requires our approval — we did not approve any transfer,” and warned users to “please be careful.” Robinhood down 1.5% in premarket trading.
On Wednesday, BYD said it still plans to grow in North and South America, but it doesn’t know when. It gave no indication which markets it plans to target first or how large its investments might be. Stella Li, BYD’s executive vice president, told Bloomberg that rising geopolitical tensions are forcing carmakers to rethink their overseas strategies. “Geopolitical issues have a big impact on the automotive industry,” she said. “We want to wait for more clarity before making our decision.” In September, Bloomberg reported that BYD would delay announcing any major plant in Mexico until after the U.S. presidential election on November 5, 2024. Then in March, Mexico’s President Claudia Sheinbaum said BYD still hadn’t made a formal investment offer. Part of the hold-up is a 25% tariff on vehicles shipped from Mexico to the United States, a levy introduced under President Donald Trump. That fee has squeezed automakers, both domestic and foreign, and prompted some to pass costs on to buyers or to offer temporary discounts. Industry executives say that such high tariffs often erode profit margins and make long-term planning difficult. Automakers have taken varied paths to cope. Several brands have cut prices to protect customers from possible hikes, while others tack on extra import surcharges for cars built abroad. Stellantis and Nissan, for instance, have scaled back output at their Mexican factories amid the trade uncertainty. BYD responds to labor scandal by slowing international push BYD’s Brazil plant project stalled in December when Brazilian labor authorities accused the main contractor of keeping more than 160 workers in slave-like conditions, seizing passports and withholding pay. BYD said it moved those laborers into hotels, conducted a thorough review of living and working arrangements for subcontracted staff, and repeatedly pressed its contractor to resolve the problems. Reflecting on the episode, Li said the company would temper its growth pace. “We should slow down, step back from the focus on speed. We need to work more with local companies,” she said. “It will take longer, but that’s OK.” BYD is making a strong push into the European market. Stella Li, the company’s executive vice president and its main international spokesperson said last month “If you’re winning here, it means you’re super good in every angle.” She shared BYD is prepared to invest as much as $20 billion in Europe. The company has already moved away from using outside importers, has taken charge of its own shipping operations, and has stocked its showrooms with more affordable, compact vehicles aimed at local buyers. In China and Europe, companies like BYD, Xpeng, Xiaomi, and Nio sell more cars than Tesla by offering lower prices. BYD expects to sell over 5 million cars by 2025. In April it outsold Tesla in European EV deliveries for the first time. Those results have helped lift BYD’s share price by 38% so far in 2025, as investors reward its battery know-how, competitive pricing and global push. EV demand in China delays Xiaomi’s global expansion Moreover on Wednesday, Xiaomi said it will not consider exporting its electric vehicles until 2027. CEO Lei Jun told viewers in a livestream that the company must satisfy high domestic demand for its SU7 sedan and its newly launched YU7 SUV before looking abroad. The decision to delay overseas shipments underlines Xiaomi’s need to fulfill strong domestic orders before stretching its production capacity. The SU7 has outsold Tesla’s Model 3 each month since December, and the YU7 drew heavy orders in the first 18 hours after going on sale last Thursday. That rush pushed Xiaomi’s stock to a record high. Lei Jun introduced the YU7 at a Beijing launch event on May 22, 2025. He later warned customers to expect waits of more than a year before taking delivery, prompting fresh complaints. When asked about plans to boost output, he replied only, “We’ll strive to ramp up capacity,” without offering further details. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Grayscale’s proposal to convert its Digital Large Cap Fund (GDLC) into a spot ETF made headway this week after the U.S. Securities and Exchange Commission (SEC) on Tuesday gave the sign-off on an accelerated basis for the listing and trading of the fund on NYSE Arca. However, investors will have to wait longer as its debut has been temporarily delayed. SEC Hits Pause On GDLC Conversion To ETF The SEC put a pause on converting the Grayscale Digital Large Cap Fund LLC a day after agency staff approved the fund to start trading. “This letter is to notify you that, pursuant to Rule 431 of the Commission’s Rules of Practice, 17 CFR 201.431, the Commission will review the delegated action,” the letter, addressed to the New York Stock Exchange, stated . “In accordance with Rule 431(e), the July 1, 2025 order is stayed until the Commission orders otherwise.” It can be found here on the SEC website. We have a few theories as to why this happened. 1. The SEC doesn't want to let anything to launch under the 19b-4 process until they officially approve or come up with some framework for digital assets in the ETF wrapper. pic.twitter.com/WegC5d2Tcj — James Seyffart (@JSeyff) July 2, 2025 Bitcoin comprises around 80% of the fund’s holdings. Roughly 11% of the ETF’s assets would be in Ethereum, while Solana accounts for approximately 2.8% of the fund, Ripple’s XRP commands over 4.8%, and Cardano (ADA) has a weighting of 0.8% in the fund. The SEC told NYSE that it would let it know “of any pertinent action taken by the Commission.” Bloomberg ETF analyst James Seyffart suggested the delay may be tied to the SEC’s ongoing efforts to create an internal framework for issuing crypto exchange-traded products. The SEC doesn’t want to let anything launch under the 19b-4 process until they officially approve or come up with some framework for digital assets in the ETF wrapper,” Seyffart noted . Bloomberg’s senior ETF analyst Eric Balchunas concurred with this observation. The plot thickens. Upper level of SEC telling $GDLC it can't launch until otherwise notified. Not sure why, no other info than this letter. My guess tho: They want to issue the crypto ETP listing standards before any '33 act spot ETFs hit market with these other coins. So likely… https://t.co/Za7rYk1o0E — Eric Balchunas (@EricBalchunas) July 2, 2025 While the SEC greenlighted Bitcoin and Ethereum spot ETFs, it has yet to give the nod to other altcoin spot products, including those tracking the price of Solana, XRP, and Cardano. The Bloomberg analysts are confident the regulator will approve such crypto products by year-end, though.
Nigeria-based one or more scammers allegedly impersonated the Trump-Vance Inaugural Committee, stealing $250,300 in Ethereum-based USDT from an intended donor. U.S. Attorney Jeanine Ferris Pirro announced Wednesday that the office filed a complaint, classifying the scam as a Business Email Compromise Scheme. According to the prosecutors, the FBI has traced 40,353 USDT.ETH from the transaction via blockchain analysis. The complaint seeks the recovery of these funds to be returned to the victim. Scammer Conned Victim Using Faint Address Typo The scammer sent an email to the victim last December, posing as Steve Witkoff, co-chair of the Trump-Vance Inaugural Committee. The mail address used by the scammer had a lowercase ‘L’ instead of a lowercase ‘I’ in the mail @t47lnaugural.com. The campaign’s real email address is @t47inaugural.com. The U.S. Attorney’s Office for the District of Columbia noted that the fake address appeared nearly identical to the original, given the font used by the perpetrator. The Nigerian scammer then instructed the victim to deposit funds into a crypto wallet ending in 58c52. On December 26, 2024, the victim sent crypto to the wallet, believing that it belonged to the Inaugural Committee. Per the FBI, $250,300 worth of USDT.ETH was moved from the wallet to another crypto address within two hours. United States Seeks Recovery of $40,300 in Cryptoscheme that Impersonated Trump-Vance Inaugural Committee https://t.co/AsrtC6Xto7 @USAttyPirro @FBIWFO pic.twitter.com/tUrOFl51xe — U.S. Attorney DC (@USAO_DC) July 2, 2025 “Impersonation scams take many forms and cost Americans billions in losses each year,” said FBI Assistant Director in Charge Steven J. Jensen. “To avoid becoming a victim, carefully review email addresses, website URLs, and spelling in any messages you receive.” Attorney Pirro warned donors to “double and triple check” whether they are sending crypto to their intended recipient. “It can be extremely difficult for law enforcement to recoup lost funds due to the extremely complex nature of the blockchain.” The post Scammers Steal $250K in Crypto Posing as Trump-Vance Inaugural Committee appeared first on Cryptonews .
JPMorgan Chase is creating a pilot program to tokenize carbon credits, collaborating with three major carbon registries, to improve the transparency and efficiency of carbon markets. JPMorgan wishes to build a carbon credit blockchain based on pre-existing carbon trading markets. JPMorgan wishes to collaborate with the three carbon registries: S&P Global Commodity Insights, International Carbon Registry, and EcoRegistry. The carbon tokens will represent one ton of carbon dioxide offset. Businesses could use the tokens as verifiable proof of their credits. The first businesses to test the blockchain credits would most likely be the renewables and forestry industries. Carbon accounting can be a complex undertaking, but could benefit from an immutable blockchain. The latest trend in blockchain is to issue stablecoins pegged to real-world assets such as US dollars and Gold. Carbon credits could extend this trend and focus on environmental projects. JPMorgan announced the project, stating that they were undertaking a collaborative project to address decarbonization from within the financial sector. The banking giant will collaborate primarily with carbon registry business S&P Global Commodity Insights. JPMorgan argued that the partnership with S&P would take advantage of their data analytics expertise and combine it with JPMorgan’s experience in finance. JPMorgan is promoting the project as a way to address the issue of sustainability and lower carbon emissions, particularly in the commodities sector. The combined efforts of a data analysis firm and a finance institution may be better able to address the issue of carbon pollution by promoting teamwork between their industries. JPMorgan wishes to address economic and ecological issues from within the financial sector. Blockchain is a financial innovation that could be used for various applications such as economics and sustainability. The polymorphic abilities of programmable digital assets can easily translate into polymorphic business models. Despite being critical of digital assets in the past, JPMorgan wishes to take advantage of these benefits because they have suddenly realised the profitability and utility of blockchain. JPMorgan further mentioned in their announcement that climate change is a pressing problem that businesses can address, using their strengths and unique networks to build a more sustainable future. The carbon credit system represents one ton of CO2, which has been removed or avoided, and can later be redeemed for credits or rewards. Tokenized carbon credits involve the same system, only with a technology such as blockchain to record the credits. JPMorgan will collaborate with three major carbon registries, including S&P Global Commodity Insights, to create a blockchain that tracks the lifecycle of carbon credits from end to end. The registries already have the data analytics of carbon data, and will only need to include a blockchain to represent the credit system with tokens. Alastair Northway, natural resources manager at JPMorgan, said a blockchain could bolster the carbon credits markets and build trust in an otherwise obscure process. Northway also commented that market liquidity could be improved by using a blockchain to manage carbon credits. The CO2 markets have been a longstanding interest of the bank JPMorgan, creating many reports on the future of carbon markets and their potential for profitability. JPMorgan believes CO2 markets will mature alongside technical innovations and infrastructure improvements. However, JPMorgan also considers that the CO2 markets could deteriorate if market infrastructure is left to falter. Alastair Northway, natural resources manager at JPMorgan, said that interoperability of carbon markets between countries would add to confidence in the underlying market infrastructure. Carbon accounting is a complex process often construed as unnecessary and corrupt. Northway believes blockchains would improve carbon markets’ transparency and liquidity, revitalising them for a future generation. Regenerative Finance (ReFi) is the term for sustainability tokens, such as those used in carbon markets. ReFi has regressed in recent years because large firms often dominate the process. ReFi tokens are usually less profitable than regular tokens because they are less speculative. The field could benefit from decentralised projects, but might hit a roadblock if carbon credit registries do not open their doors to open-source developers. ReFi is also a challenging market because it requires collaboration between various agencies and businesses. Yet there is still a high demand for sustainability tokens that could tackle the global warming crisis. JPMorgan may be the company best suited to pushing forward a tokenized carbon credit system. However, their efforts may motivate other entities to create ReFi sustainability tokens. Many companies have already signed up for net-zero targets. A carbon credit market would allow companies to buy carbon offset tokens to achieve net-zero results.
Positive macroeconomic winds pushed Bitcoin past the $109,000 threshold. Institutional capital drives Bitcoin's upward momentum, eyeing new heights. Continue Reading: Bitcoin Smashes Past $109k as Global Trade Optimism Blooms The post Bitcoin Smashes Past $109k as Global Trade Optimism Blooms appeared first on COINTURK NEWS .
We’re thrilled to announce that MemeCore (M) will be available for trading on Kraken! Funding and trading M trading is now live as of Thursday, July 03. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost. Trade on Kraken Here’s some more information about this asset : M MemeCore (M) is a Layer 1 blockchain purpose-built for the Meme 2.0 movement, where memes evolve from internet culture into economic and governance primitives. Designed to support the creation and monetization of community-driven tokens, MemeCore enables users to launch, earn, and build in a decentralized environment where culture and capital intersect. With M as its native token, the protocol aims to structure the viral meme economy and turn digital expression into an onchain ecosystem. Please note: Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched). Geographic restrictions may apply Get Started with Kraken Will Kraken make more assets available? Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here , and all future tokens will be announced on our Listings Roadmap and social media profiles . Our client engagement specialists cannot answer any questions about which assets we may be making available in the future. The post MemeCore (M) is available for trading! appeared first on Kraken Blog .
The first-ever staking ETF that provides exposure to Solana has debut with rather decent volumes