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A key provision in the recently passed GENIUS Act aims to curb the influence of tech conglomerates and major financial institutions in the U.S. stablecoin market, according to Circle Chief Strategy Officer Dante Disparte. Key Takeaways: The GENIUS Act includes a clause that blocks Big Tech and banks from dominating the stablecoin market. Both non-banks…

The NFT market roared to life on Monday, jumping more than 20% in a single day, with total market cap rising from $5.1b to $6.3b. After months of stagnation, renewed interest in Ethereum-based collections appears to be driving the sudden revival. A major catalyst came in the form of a high-profile CryptoPunk sweep. According to…

Crypto exchange Tokenize Xchange will shut down its Singapore operations by Sept. 30, following the Monetary Authority of Singapore’s decision to reject its application for a digital payment token licence. The announcement, made on July 20, comes just over a year after the exchange raised $11.5m and revealed plans to expand its local team, local…

Bitcoin (BTC) experienced a potential deeper pullback during Asia trading hours on Monday, after consolidating near $117,000. The crypto is currently just below last week’s all-time high of $123,000 and is retracing, trading just above $118,000 at the time of writing. Bitcoin has displayed a bullish pennant pattern following a strong vertical rally to $123K….

Bitcoin remains stable near $118,500 while ETH surged nearly 4% to trade above $3,800 at one point before dipping to $3,760, buoyed by increasing institutional adoption. XRP, BNB, and Solana notched modest gains of more than 2%, joining a broader upswing across the altcoin market. XRP recently set a new all-time high, fueled by momentum…

Most Japanese say they would buy more Bitcoin (BTC), Ethereum (ETH), and altcoins if the government agrees to reform the nation’s strict crypto tax rules. This was the main takeaway from a survey of 1,500 adults conducted in April and commissioned by the Japan Blockchain Association (JBA). Japanese Crypto Tax Reforms Would Drive Volumes Up,…

QuantumScape (NYSE: QS) makes solid-state lithium-metal batteries to improve electric vehicles. Founded in 2010, the company works with Volkswagen to grow its production. It uses lithium metal instead of graphite to charge faster and store more energy. Its ceramic separator helps lithium plate directly, making batteries safer and stronger. QuantumScape owns over 600 patents and…

Bitcoin’s recent peak at $123,100 has triggered warnings of a potential local top as on-chain metrics signal overextension. The cryptocurrency quickly retraced 6% to around $115,700 after hitting the all-time high, with advanced NVT signals crossing above historical red deviation bands that typically coincide with cycle peaks. The current bull market’s largest pullback remains only…

Solana has delivered an impressive 10.9% surge this week, riding the broader cryptocurrency rally to test critical resistance levels around $179. The rally coincides with strengthening on-chain fundamentals, including a growth in Total Value Locked (TVL) from $6 billion to over $9 billion and the number of returning active wallets surpassing 3.3 million users. Source:…

Authorities in San Bernardino County are investigating the disappearance of 74-year-old Naiping Hou, who went missing in early May under suspicious circumstances believed to be linked to his family’s crypto wealth. Key Takeaways: California police are investigating the suspicious disappearance of 74-year-old Naiping Hou. The incident is possibly linked to his family’s crypto wealth. Authorities…