BitcoinWorld A16z Crypto’s Strategic COMP Exit: Unpacking the $34.81 Million Transfer The cryptocurrency world is always buzzing with activity, and recent moves by major players often send ripples across the entire ecosystem. One such event that has captured significant attention is the latest token transfer by prominent venture capital firm, a16z crypto . This isn’t just any routine transaction; it signals a complete exit from a substantial position in a well-known DeFi asset, raising questions about its potential implications for the broader crypto market . What Just Happened with A16z Crypto’s COMP Holdings? In a move that has caught the eye of on-chain analysts and investors alike, a16z crypto , the dedicated crypto arm of Andreessen Horowitz, has completely offloaded its remaining 400,000 COMP token holdings. This significant sum, valued at approximately $16.48 million, was transferred to Coinbase Prime just hours ago, as reported by blockchain tracking service @EmberCN on X. This latest transaction isn’t an isolated incident; it follows a similar large-scale movement a mere 10 days prior. To put this into perspective: First Transfer: Roughly 400,000 COMP tokens moved to Coinbase Prime. Latest Transfer: An additional 400,000 COMP tokens moved, marking a full divestment. Total Value: The combined transfers amount to a staggering 800,000 COMP, with a cumulative value of $34.81 million moved in less than two weeks. This complete exit from their COMP token position by such a heavyweight institution naturally prompts an examination of its potential ripple effects. Understanding the COMP Token and Its Market Position For those new to the decentralized finance (DeFi) space, the COMP token is the native governance token of Compound Finance, a leading decentralized lending and borrowing protocol. Holders of COMP can propose and vote on changes to the protocol, giving them a direct say in its future development and parameters. Compound Finance has been a foundational pillar of the DeFi ecosystem, enabling users to earn interest on their crypto assets or borrow against them without traditional intermediaries. Given its role and prominence, any major movement of COMP tokens, especially from an entity like a16z crypto , is closely watched. Since the initial transfer 10 days ago, the price of COMP has already experienced a notable dip, falling approximately 11% from $46 to $41. This suggests that the market has already begun to price in the increased supply from institutional selling pressure. The latest transfer could very well exacerbate this downward trend, creating further volatility for COMP token holders. Why Coinbase Prime for Such a Massive Token Transfer? The choice of Coinbase Prime for these large-scale transfers is significant. Coinbase Prime is not your typical retail cryptocurrency exchange. It is an institutional-grade platform designed for high-net-worth individuals, hedge funds, and corporate clients, offering a suite of services tailored for large-volume trading. These services include: Deep Liquidity: Access to substantial order books and over-the-counter (OTC) desks, allowing for large trades without significant price slippage. Enhanced Security: Robust custody solutions and security protocols essential for institutional assets. Execution Services: Advanced trading tools and professional execution services to manage large orders discreetly. When an entity like a16z crypto chooses Coinbase Prime , it’s typically to execute a large sale without disrupting the broader market with a direct dump on open exchanges. OTC desks facilitate private, negotiated trades, minimizing the immediate impact on public order books, though the underlying supply increase still exists and can affect sentiment. The Implications of Such a Large-Scale Token Transfer A token transfer of this magnitude by a major venture firm carries several implications, both for the specific asset and the broader crypto market : Increased Selling Pressure: While the transfer to Coinbase Prime might mitigate immediate market impact, the intent to sell $34.81 million worth of COMP means a significant amount of supply is now available for distribution. This naturally creates downward pressure on the token’s price as demand must absorb this new supply. Shifting Portfolio Strategy: Venture capital firms constantly rebalance their portfolios. A complete exit from a position like COMP could signal a strategic shift. This might be due to profit-taking after a successful investment, a reallocation of capital to newer or more promising projects, or a change in outlook regarding Compound Finance’s long-term prospects or the broader DeFi landscape. Investor Sentiment: The actions of major institutional investors like a16z crypto are often seen as bellwethers for market trends. A full divestment can trigger concerns among retail investors, potentially leading to panic selling or a loss of confidence in the asset. This herd mentality can amplify price movements. Liquidation Events: For a fund, this is a liquidation event. It frees up capital that can then be deployed into other ventures, potentially in different sectors of the crypto space or even outside of it. Understanding these implications is crucial for anyone navigating the volatile world of digital assets. Navigating the Crypto Market Amidst Institutional Moves The recent actions by a16z crypto serve as a powerful reminder of the dynamics at play within the crypto market . Institutional movements, while often executed with discretion, can have tangible effects on token prices and overall market sentiment. For individual investors, staying informed and understanding these shifts is paramount. Here are some actionable insights for navigating such events: Monitor On-Chain Data: Tools and analysts that track large token transfer events can provide early warnings of potential selling pressure. Following reputable on-chain data providers can give you an edge. Understand the ‘Why’: While speculation is common, try to understand the potential reasons behind an institutional exit. Is it profit-taking, a strategic pivot, or a loss of confidence? This context can help inform your own decisions. Don’t Panic Sell: While an 11% drop is significant, knee-jerk reactions often lead to losses. Evaluate your own investment thesis for the COMP token or any other asset. Diversify Your Portfolio: Relying too heavily on a single asset, especially one subject to large institutional influence, can be risky. Diversification helps mitigate the impact of adverse movements in any single asset. Long-Term vs. Short-Term: Differentiate between short-term price fluctuations driven by large sales and the long-term fundamentals of a project. Is Compound Finance still a robust protocol with a strong community and development? Conclusion: What Does A16z Crypto’s COMP Exit Mean for You? The complete divestment of 800,000 COMP token s by a16z crypto , executed through Coinbase Prime , marks a significant event in the DeFi landscape. While such institutional maneuvers are a natural part of portfolio management, they undeniably contribute to market volatility and can influence investor sentiment. The immediate impact on the COMP token price has been clear, and further pressure may be on the horizon as the market absorbs this supply. For investors, this episode underscores the importance of vigilance, independent research, and a clear understanding of market dynamics. While the actions of major funds like a16z crypto can provide valuable signals, ultimately, sound investment decisions in the ever-evolving crypto market are built on comprehensive analysis and a well-defined personal strategy. To learn more about the latest crypto market trends, explore our article on key developments shaping the crypto market price action. This post A16z Crypto’s Strategic COMP Exit: Unpacking the $34.81 Million Transfer first appeared on BitcoinWorld and is written by Editorial Team
Lookonchain recently identified a significant movement involving a Bitcoin OG address that had remained inactive for six years. This wallet transferred an impressive 14,000 bitcoins, currently valued at approximately $1.52
BitcoinWorld HTX 2025 Mid-Year Security Report: Upgrading a Multi-Layered Defense for a Safer Crypto Ecosystem PANAMA CITY, July 9, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange, acknowledges the significant security challenges that impacted the crypto industry in the first half of 2025, which eroded market confidence. On February 21, one of the global crypto exchanges suffered a record-setting $1.4 billion hack, marking the largest single-theft event in crypto history. This attack, reportedly attributed to the Lazarus Group, highlighted persistent industry-wide vulnerabilities concerning advanced attack methodologies, systemic weaknesses, and inadequate cross-platform risk management frameworks. In response to these critical events, HTX reaffirmed its commitment to robust security by substantially increasing its investment. Through enhanced risk management protocols, strengthened operational security, and advanced intelligence capabilities, HTX has achieved comprehensive protection across accounts, trading, and assets. These proactive measures have successfully mitigated several high-risk threats, thereby safeguarding user assets and reinforcing trust within the HTX ecosystem. Crypto Industry Faces Evolving Security Challenges The crypto industry is experiencing a surge in the frequency and sophistication of threats, including hacks, scams, and malicious on-chain behaviors. The threat landscape has evolved from isolated phishing to multi-vector attacks, such as social engineering attacks, malicious contract deployment, UI spoofing, and deepfake deception. These tactics often exploit vulnerabilities between platform security systems. At the same time, global regulators are tightening compliance expectations. Many jurisdictions have introduced regulatory frameworks for virtual asset service providers, mandating adherence with anti-money laundering regulations, enhanced account protection, and stringent risk management and auditing practices. This raises the bar for industry-wide security and compliance. On a positive note, core defense technologies such as on-chain traceability, AI-powered risk engines, and automated contract audits are becoming essential across major platforms, enhancing readiness and risk intelligence. HTX Security Infrastructure: New Systems. New Tech. New Paradigm. In 2025, HTX continued its transition toward a multi-layered security model, introducing critical upgrades across its three core protection pillars: Risk Management Architecture: HTX developed an in-house millisecond-level real-time risk engine that monitors every user interaction. Every high-risk behavior is dynamically filtered to mitigate account compromise, money laundering, and malicious activity. 24/7 Operational Security: HTX’s dedicated security operations and customer support teams operate on a round-the-clock cycle, enabling real-time response and full-cycle risk resolution. Threat Intelligence: HTX partners with top security firms, project teams, and other exchanges to maintain a real-time threat map. This collaboration accelerates cross-platform incident response, dark web surveillance, and hacker attribution. Furthermore, HTX upgraded its PoR data storage to TiDB, improving system stability and efficiency, while reducing operational and maintenance costs. This contributed to substantial growth in overall user assets and a steady increase in core reserves during the first half of 2025, with continuous net growth in cryptocurrencies like USDT and ETH, demonstrating growing user trust. Building a Trust-Centric, Resilient Crypto Ecosystem As one HTX security expert put it, ” attacks have evolved from code exploits to targeting human weaknesses. Therefore, we’ve enhanced the integration of behavioral analytics and zero-trust architecture and brought three key upgrades to life: dynamic permission validation, end-to-end transaction authentication, and continuous red-blue team threat simulation. These aren’t just upgrades but are foundational steps toward long-term user protection and ecosystem synergy.” Dynamic Permission Verification: At HTX, every fund operation now requires dual authentication, combining environment tagging with biometric validation. This ensures actions align with both the user and their operating environment. End-to-End Transaction Authentication: By validating transaction payloads at the smart contract level, HTX eliminates risks from compromised UIs, closing the gap on deceptive front-end manipulation. Always-On Red-Blue Simulation: Monthly, HTX’s security team simulates real-world attacks from top APT groups and hackers, constantly stress-testing the platform’s defenses and closing the loop between offense and response. HTX firmly believes that only a deeply integrated, multi-dimensional security architecture — coupled with a transparent, collaborative approach — can serve as the foundation for long-term user trust. As the threat landscape grows more complex, HTX will continue investing heavily in security innovation and infrastructure. Its mission is to not only defend against emerging threats, but to lead the crypto industry into a future that’s safer, smarter, and more sustainable for millions worldwide. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide. To learn more about HTX, please visit HTX Square or https://www.htx.com/ , and follow HTX on X , Telegram , and Discord . This post HTX 2025 Mid-Year Security Report: Upgrading a Multi-Layered Defense for a Safer Crypto Ecosystem first appeared on BitcoinWorld and is written by chainwire
Polygon’s POL token is seeing renewed momentum just a day before the Heimdall v2 mainnet upgrade, set for July 10. At press time, Polygon ( POL ) is trading at $0.2001, up 7% in the past 24 hours and 11% over the past week. Trading volume has jumped 71.4% to $92 million, with derivatives volume up 67.87% to $83.75 million, as per Coinglass data . Open interest has also climbed 10.98%, now standing at $98.7 million. These figures point to increased activity in both the spot and derivatives network. The upcoming upgrade marks a significant step in Polygon’s roadmap. Since Polygon proof-of-stake launched in 2020, Heimdall v2 has been “the most technically complex hard fork,” according to co-founder Sandeep Nailwal. It updates the consensus layer from Tendermint and Cosmos-SDK v0.37 to CometBFT and Cosmos-SDK v0.50. Shipping Announcement! 🚢 We’ve been on a shipping spree—and next up is Polygon PoS’s consensus layer, Heimdall v2, landing 10 July 2025. ‼️ This is the most technically complex hard-fork Polygon PoS has seen since it's launch in 2020 ‼️ What’s changing? 1. Heimdall sheds all… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) July 8, 2025 Heimdall v2 also removes legacy code from 2018–2019, cutting technical debt and making the network easier to maintain. The new CometBFT consensus layer improves security, stability, and traceability, key features for applications in regulated sectors. You might also like: Polygon flips Ethereum in key metric: POL price eyes breakout The upgrade supports Polygon’s effort to scale PoS throughput to 1,000 transactions per second in July, with an eventual target of over 5,000 TPS by October via AggLayer . The mainnet upgrade is scheduled to take place between 2:00 PM and 5:00 PM UTC at block height 24,404,500. For post-fork compatibility, node operators have been instructed to switch to Heimdall v1.2.5 or fallback to version 1.2.4. Finality may lag by up to 3 hours during the migration, so dApps are encouraged to temporarily raise confirmation thresholds. The update was successfully deployed on the Amoy testnet on June 24, giving the team confidence that the transition would proceed smoothly. Two significant improvements that were tested include PIP-62 and PIP-44, which are focused on dependency handling and genesis state import. On the daily chart, POL is showing early signs of a breakout. The token has surpassed both the 20-day exponential moving average at $0.1686 and the 20-day simple moving average at $0.1823. The Bollinger Bands are starting to widen, suggesting increased volatility ahead. The intraday break of the upper band, which is at $0.1960, indicates upward momentum. POL price analysis. Credit: crypto.news At 56.78, the relative strength index is getting close to overbought territory but still has room to rise further. If bulls hold above the $0.196 resistance-turned-support, POL might retest the $0.22–$0.24 range. On the downside, the price might drop back to the lower Bollinger Band, which is at $0.168, if $0.19 is not held. Price action may still depend on network stability and the successful rollout on July 10th, even though technical indicators suggest a bullish outlook. Read more: Polygon co-founder Jordi Baylina revives zkEVM tech under new venture, Zisk
New Zealand will ban cryptocurrency ATMs and limit international cash transfers to $5,000 as part of new anti-money laundering reforms. According to Associate Justice Minister Nicole McKee, the reforms, unveiled on July 9, will “target criminals” by restricting their ability to convert large volumes of illgotten cash into crypto through virtual currency kiosks. In this regard, New Zealand will introduce a bill to enhance enforcement powers for police and regulators and to expand the capabilities of the Financial Intelligence Unit in tracking financial activity linked to persons of interest. “We want New Zealand to be one of the easiest places in the world to do legitimate business and one of the hardest for criminals to hide,” McKee said, adding that the overhaul would cut unnecessary red tape for low-risk entities while allowing regulators to focus their efforts on serious financial threats. Meanwhile, by capping international cash transfers to $5,000, regulators hope to limit how criminal groups move illicit funds offshore while preserving legitimate remittance options through electronic bank channels. You might also like: Crypto ATMs banned in Washington’s Spokane city as scam losses mount Authorities maintain that strengthening the AML/CFT framework is central to reducing the misuse of cryptocurrencies and cross-border cash flows. As of press time, New Zealand authorities have not provided a timeline for when these new measures would be enforced. Crypto ATMS, which enable cash purchases of digital currencies, have been identified as a key laundering tool in multiple reports. A 2024 report from New Zealand’s Ministerial Advisory Group on Transnational, Serious and Organised Crime found that criminals used these kiosks to send funds abroad “within minutes” to finance drug imports and scams. Concern over the misuse of crypto kiosks has been mounting among regulators worldwide. An FBI report linked crypto ATMs to $246 million in fraud-related losses across the U.S. in 2024, with over 11,000 complaints. Last month, Spokane, Washington, became the first city in the state to enact a full ban , giving operators 60 days to remove over 40 kiosks following a rise in fraud complaints. Officials said scammers frequently impersonated police or tax authorities to pressure victims into using the machines to transfer funds. Similarly, Nebraska passed the Controllable Electronic Record Fraud Prevention Act earlier this year, mandating state licensing for ATM operators, capping fees at 18%, and setting daily limits of $2,000 for new users. It also introduced mandates for kiosk operators to refund requirements for defrauded customers who report scams within 90 days. Australia’s financial intelligence agency, AUSTRAC, also moved to tighten oversight in June 2025, imposing a 5,000 Australian dollar cash cap per transaction, mandatory scam warnings, and enhanced customer due diligence obligations. Read more: Crypto ATM operators in Australia hit with cash limits and tougher compliance checks
BitcoinWorld Pioneering Bitcoin Service: Bow Valley Credit Union Transforms Crypto Banking in Canada In a groundbreaking move that signals a significant shift in the Canadian financial landscape, Bow Valley Credit Union (BVCU), a prominent financial institution based in Alberta, has unveiled the country’s first-ever “Bitcoin Gateway.” This innovative Bitcoin service empowers BVCU members to directly purchase Bitcoin (BTC) using Canadian dollars through their existing credit union accounts. This development, announced via a Business Wire press release, marks a pivotal moment for traditional financial institutions venturing into the world of digital assets. The initiative was brought to fruition through strategic collaborations with Balance, a leading BTC custodian, and Bull Bitcoin, an API provider known for its robust cryptocurrency solutions. This strategic integration by a Canadian credit union is not just a technological upgrade; it’s a bold statement about the future of finance, blending the reliability of conventional banking with the innovation of cryptocurrency. What Does This Revolutionary Bitcoin Service Entail? The core of BVCU’s new offering is its “Bitcoin Gateway,” a seamless integration that allows members to interact with Bitcoin without leaving their familiar banking environment. Traditionally, purchasing Bitcoin involved navigating third-party exchanges, often requiring separate accounts, verification processes, and transfers between banks and crypto platforms. BVCU’s solution simplifies this significantly, offering unparalleled convenience and security. Direct Account Access: Members can initiate Bitcoin purchases directly from their BVCU accounts, treating BTC much like any other investment product or currency exchange. Canadian Dollar Transactions: All transactions are conducted in Canadian dollars, eliminating the need for foreign exchange conversions often associated with international crypto platforms. Enhanced Security: By partnering with Balance, a regulated and trusted Bitcoin custodian, BVCU ensures that members’ digital assets are held securely, mitigating risks often associated with self-custody or less regulated exchanges. Simplified User Experience: The goal is to make acquiring Bitcoin as straightforward as paying a bill or transferring funds online, removing common barriers to entry for new crypto users. This initiative represents a significant step towards mainstream adoption of cryptocurrencies, especially for those who have been hesitant due to perceived complexities or security concerns. For a Bow Valley Credit Union member, it means embracing the future of finance with the confidence that their institution is leading the way. Why Is This a Game Changer for Canadian Credit Unions and Crypto Banking? BVCU’s pioneering move carries profound implications for the broader financial sector in Canada and beyond. It challenges the traditional reluctance of banks and credit unions to engage with cryptocurrencies, setting a precedent for how established financial institutions can adapt to the digital asset revolution. For Canadian credit unions, this opens a new frontier: First-Mover Advantage: BVCU has positioned itself as an innovator, potentially attracting new members who are keen on crypto but prefer the security and familiarity of a regulated financial institution. Meeting Member Demand: As interest in Bitcoin grows, credit unions face increasing pressure to offer relevant services. BVCU is directly addressing this demand, preventing members from seeking these services elsewhere. Regulatory Clarity: By working with partners like Balance and Bull Bitcoin, BVCU is navigating the complex regulatory landscape for crypto banking, potentially paving a clearer path for others to follow. Diversification of Services: Integrating Bitcoin allows credit unions to expand their service offerings, moving beyond traditional loans and deposits into the burgeoning digital asset space. This initiative demonstrates that traditional finance and digital assets are not mutually exclusive but can indeed converge to create a more comprehensive and user-friendly financial ecosystem. It’s a testament to the forward-thinking approach of Bow Valley Credit Union. Seamlessly Buy Bitcoin Canada: Benefits for Members The primary beneficiaries of BVCU’s new Bitcoin Gateway are its members. The service addresses several pain points associated with cryptocurrency acquisition, making it more accessible and secure for the average Canadian. Here’s how members stand to benefit: Unprecedented Convenience: No more linking external bank accounts to crypto exchanges or waiting for interbank transfers. The entire process to buy Bitcoin Canada is integrated within their existing banking interface. Enhanced Security and Trust: Members are dealing directly with their trusted credit union, which in turn partners with regulated entities like Balance for custody. This significantly reduces the risk of scams, hacks, or mismanaged funds often associated with less reputable platforms. Simplified Compliance: The credit union handles much of the regulatory compliance (KYC/AML), ensuring that transactions adhere to Canadian financial laws without burdening the individual member with complex procedures. Financial Inclusion: For individuals who might find standalone crypto exchanges intimidating, this integrated service provides a familiar and safe entry point into the digital asset economy. Access to Financial Innovation: Members can participate in the growing digital asset market, potentially diversifying their portfolios and exploring new investment opportunities with the backing of their financial institution. This strategic move by Bow Valley Credit Union is a clear signal that mainstream finance is ready to embrace the future, making it easier for Canadians to participate in the global Bitcoin economy. Challenges and Opportunities for Mainstream Crypto Banking Adoption While BVCU’s move is commendable, the path to widespread crypto banking integration is not without its challenges. These include regulatory hurdles, technological complexities, and the need for significant customer education. Challenges: Regulatory Uncertainty: Despite recent clarifications, the regulatory landscape for cryptocurrencies remains dynamic. Financial institutions must continuously adapt to evolving rules and guidelines. Technological Integration: Seamlessly integrating blockchain technology with legacy banking systems is a complex undertaking, requiring robust APIs, secure data management, and continuous maintenance. Security Risks: While BVCU mitigates this through a trusted custodian, managing digital assets inherently carries unique security risks, including cyberattacks and sophisticated scams. Customer Education: Many traditional banking customers may lack understanding of Bitcoin and its volatility. Credit unions must invest in educating their members to ensure responsible engagement. Market Volatility: Bitcoin’s price volatility can be a concern for conservative financial institutions and their members. Managing expectations and providing clear disclaimers are crucial. Opportunities: New Revenue Streams: Offering crypto services can unlock new fee-based revenue streams for credit unions. Competitive Differentiation: Being an early adopter provides a significant competitive edge, attracting tech-savvy younger demographics and existing members seeking modern financial solutions. Innovation Leadership: Institutions that embrace crypto position themselves as leaders in financial innovation, enhancing their brand reputation. Future-Proofing: As digital assets become more integral to the global economy, integrating them now prepares financial institutions for the future of finance. The decision by this Canadian credit union highlights a willingness to navigate these challenges for the immense opportunities that lie ahead in the realm of Bitcoin services. The Broader Landscape: Will Other Canadian Credit Unions Follow BVCU’s Lead? BVCU’s initiative sets a powerful precedent. The question now is whether other financial institutions, particularly other Canadian credit unions and even major banks, will follow suit. The pressure to innovate and cater to evolving customer demands is mounting. Several factors could influence this: Regulatory Comfort: As regulators provide clearer guidelines, more institutions will feel comfortable entering the space. Technological Partnerships: The availability of reliable and secure third-party solutions, like those provided by Balance and Bull Bitcoin, makes integration more feasible. Customer Demand: Increasing member inquiries and the desire to buy Bitcoin Canada easily will push institutions to act. Competitive Pressure: No financial institution wants to be left behind while competitors capture new market segments. This pioneering step by Bow Valley Credit Union could well be the spark that ignites a broader trend, making integrated crypto banking a standard offering across Canada’s financial sector. Actionable Insights: What This Means for You and the Future of Finance For individuals and institutions alike, BVCU’s Bitcoin Gateway offers valuable insights and potential pathways forward. For Individual Members: Explore the Service: If you are a BVCU member interested in Bitcoin, take advantage of this convenient and secure service to buy Bitcoin Canada. Educate Yourself: Even with simplified access, understanding Bitcoin’s fundamentals, risks, and potential rewards is crucial. Start Small: Consider starting with smaller amounts to get comfortable with the process and market dynamics. For Other Financial Institutions: Assess Demand: Gauge your members’ interest in cryptocurrency services. Research Partnerships: Explore collaborations with established crypto custodians and API providers to leverage their expertise and infrastructure for a secure Bitcoin service. Engage with Regulators: Proactively work with regulatory bodies to understand compliance requirements and contribute to shaping future policies for crypto banking. Prioritize Security: Any venture into crypto must put robust security measures and reliable custody solutions at the forefront. The move by Bow Valley Credit Union is a blueprint for how traditional finance can embrace innovation responsibly. The Future is Here: Bridging Traditional and Digital Finance The launch of BVCU’s Bitcoin Gateway is more than just a new product offering; it represents a significant step in the ongoing convergence of traditional finance and the decentralized world of cryptocurrencies. It signifies a future where accessing digital assets is as straightforward and secure as any other banking transaction. This integration enhances accessibility, reduces friction, and builds trust, which are critical for mainstream adoption of Bitcoin and other cryptocurrencies. As the digital economy continues to evolve, the ability of financial institutions to adapt and innovate will determine their relevance. BVCU has demonstrated remarkable foresight and courage in becoming the first Canadian credit union to offer such a direct Bitcoin service, setting a high bar for others to follow. This initiative paves the way for a more integrated, efficient, and accessible financial system for all Canadians. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Pioneering Bitcoin Service: Bow Valley Credit Union Transforms Crypto Banking in Canada first appeared on BitcoinWorld and is written by Editorial Team
GameSquare Holdings has unveiled a strategic $100 million investment in Ethereum, aiming to leverage DeFi opportunities for enhanced treasury yields. The partnership with Dialectic and deployment via the Medici platform
According to recent data from CryptoQuant, the average return for long-term Bitcoin holders has surged to an impressive 215%. This metric highlights the robust profitability experienced by investors maintaining extended
New York, US, July 8th, 2025, Chainwire Messari report shows Starboard registered over 5 million community actions for 20 projects including Sui in its first month Leading crypto analyst Messari today reports that InfoFi platform Starboard from web3 growth leader Galxe has captured millions of engagements in just one month since its launch. Since launch, Starboard has indexed over 150,000 posts, capturing 3.09 million likes, 1.18 million retweets, 1.05 million replies, and 167,105 quotes, amounting to more than 230 million total views. More than 20 projects joined the platform at launch, including Sui, 0G and Plume, collectively offering over $5 million in campaign rewards to drive early engagement. Within the first few weeks, thousands of users enrolled in various contributor campaigns. Sui’s campaign has led Starboard’s activity, with approximately 8,140 active participants tracked on its leaderboard. Other early adopters include 0G Labs with around 2,237 contributors and Plume with approximately 1,086. Each campaign is supported by a public leaderboard that updates in real-time. These project-specific rankings are further aggregated into the global leaderboard. Together, these tools provide a transparent system for surfacing top contributors and incentivizing sustained user participation. Commenting on Starboard’s initial growth, Galxe’s co-founder Charles Wayn, said: “More than visibility, the huge user engagement our 20+ registered projects are seeing indicates a significant volume of users actively engaging with projects via Starboard to promote their products and services in a meaningful way”. “It’s a real testament to the power and value of the emerging InfoFi sector and data driven user analytics that are allowing projects to advance and refine their growth strategies.” Starboard’s off-chain and on-chain data points are affording projects unique insights into their communities. Among these are the prominence of long-term contributors deeply engaged with specific ecosystems. For example, top contributors in the Plume Starboard are mostly RWA-focused users, and many of the active accounts in 0G have usernames that include “0G,” signaling strong community alignment. Messari’s full report available at www.messari.io About Galxe Galxe is web3’s leading growth platform, trusted by over 34 million users and more than 7,000 brands globally. Built on Gravity—Galxe’s ultra high-performance Layer 1 blockchain—the Galxe Platform unifies onboarding, identity verification, automation, and user engagement into one seamless experience. Industry leaders like Coinbase, Polygon, and Optimism rely on the Galxe Platform to grow and activate their communities and drive engagement across their ecosystems. By harmonizing fragmented tools into a single, unified web3 growth engine, Galxe enables industry leaders to build smarter, scale faster, and engage more effectively. Users can learn more at galxe.com . ContactRebecca JonesBlock3 PRrebecca@block3.pr Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Despite selling pressure from whales, ADA continues to struggle in its attempt to reclaim the $1 level. According to data from crypto.news, Cardano ( ADA ) was trading at $0.58, marking a 6.6% gain over the past week that pushed its market cap over $21 billion. Despite this, the broader picture remains mixed with ADA still down 11.9% over the past 30 days and trading nearly 50% below its $1 peak from March 3. While bulls have attempted to revisit that level multiple times since, each effort has ultimately fallen short. Some market analysts view July as a potential turning point. With bullish sentiment slowly returning across the broader crypto market heading into Q3, attention has shifted to $0.70 as the next major resistance level. A successful breakout above that zone could open the door to a renewed push toward $1, particularly if macro conditions and liquidity flows continue to improve. One notable catalyst that could support renewed investor interest is Cardano’s expansion efforts beyond its traditional DeFi and staking focus. On July 8, the Cardano Foundation announced Reeve, a new enterprise-grade financial reporting platform built on the Cardano blockchain. Reeve allows institutions to publish tamper-proof financial data directly on-chain, offering a transparent and audit-ready solution that integrates with existing accounting systems. Such enterprise-focused developments could strengthen Cardano’s fundamental narrative, especially among institutional allocators eyeing scalable blockchain infrastructure. You might also like: Aevo unveils platform offering 1000x leverage on select stocks like MSTR and CRCL ADA price analysis From a technical standpoint, ADA has formed a falling wedge pattern on the daily chart, a formation that typically suggests a trend reversal is nearing. ADA price, MACD and RSI chart — July 9 | Source: crypto.news Supporting this outlook, momentum indicators such as MACD and RSI have both begun to trend upward, signaling a gradual shift in sentiment from selling to buying pressure. A confirmed breakout above the upper band of the wedge at $0.6053 would be the first bullish trigger. Should this occur, $0.73 emerges as the next key resistance, which represents a 25.8% upside from current levels. Still, this optimistic scenario hinges on ADA maintaining its critical support level at $0.54. A breakdown below this level could negate the bullish setup entirely. However, not all indicators are in the bulls’ favor. Whale wallets have reportedly offloaded over 170 million ADA in the past two weeks, according to data from Santiment, a move suggesting reduced confidence among large holders. This kind of smart money outflow typically indicates expectations of short-term weakness and may continue to act as a headwind for any short-term rally. Hence, unless bulls manage to reclaim control and flip $0.73 into support, a sustainable move toward $1 in the short term remains unlikely. Conversely, if ADA loses its grip on the $0.54 support zone, it could trigger a deeper pullback to $0.50 or even retest the wedge base near $0.44, where stronger buyer interest may eventually return. Read more: Coinbase launches $5M bug bounty on Cantina to secure Base and on-chain products Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.