Kazakhstan Approves Strategic Crypto Mining Framework

Kazakhstan, one of the world’s largest Bitcoin mining hubs, approved a new framework for large-scale crypto mining that links access to electricity with contributions to a state-backed digital asset reserve. The government approved rules for strategic digital mining on July 18, Kazakhstan-based news outlet Zakon.kz reported Wednesday, citing Government Resolution No. 638 published in the…

Bitwise Exec Looks To Hyperliquid, Robinhood For Next Crypto Bull-Market Spark

Bitcoin (BTC) is “finally showing signs of a bottom,” but the next bull market will have a different source. Key points: TradFi integrations, particularly Hyperliquid and Robinhood, will drive the next crypto bull market, says Bitwise’s Matt Hougan. The resulting tide should “lift” the largest cryptocurrencies with it, including Bitcoin and Ether. Apparent demand for…

Kakao, Circle Explore Won Stablecoin Payment Infrastructure

Kakao Group has partnered with stablecoin issuer Circle to explore payment infrastructure for won-backed stablecoins as South Korea prepares a broader regulatory framework for crypto assets.  On Thursday, the companies announced that Kakao, Kakao Pay and Kakao Bank had signed a strategic memorandum of understanding (MOU) with Circle Internet Group. Under the agreement, the companies…

SEC Pays $150,000 Settle Coinbase FOIA Suit

The US Securities and Exchange Commission agreed to pay $150,000 in legal fees to settle a Coinbase lawsuit seeking internal records from the agency at the height of the Biden-era SEC crackdown on crypto.  The agreement, filed on Wednesday, ends a two-year lawsuit between the SEC and Coinbase, in which the crypto exchange sought internal…

Galaxy Pledges $5M for Developers Quantum-Proofing Bitcoin

Galaxy Digital has pledged up to $5 million in grants to open-source developers building post-quantum cryptography for Bitcoin. The company also formed a quantum advisory council under its Bitcoin Quantum Readiness Initiative, which it announced Tuesday. The council includes Barry Sanders, professor and scientific director of Quantum City at the University of Calgary; Damien Bérubé,…

XRP price news: Whales accumulate as small holders capitulate

Payments-focused cryptocurrency XRP’s price has risen over 8% in five weeks and during this time, there has been a notable divergence in accumulation trends of large holders or whales and small holders. According to on-chain data from Santiment, wallets holding between 100,000 and 100 million XRP added 2.8% more coins to their balances over the…

Crypto PAC Pours $1M into Michigan Democratic Primary Race

An affiliate of the cryptocurrency-aligned political action committee (PAC) Fairshake is attempting to influence voters in a primary race for Michigan’s 13th congressional district, with about $1 million in media on the line. In filings with the US Federal Election Commission (FEC) as of Tuesday, the Protect Progress PAC had spent more than $986,000 on…

Binance Sees Largest Daily BTC Outflow Since Late 2024, CryptoQuant Data Shows

Bitcoin (BTC) buyers are showing “better absorption” at $65,000 after Binance saw its largest net outflow in nearly two years. Key points: Bitcoin exchange outflows are back on the radar after Binance sees net 9,000 BTC daily withdrawals. Seller absorption is improving, even amid sideways price action, analysis says. Institutional appetite persists with net positive…

New Clarity Act emerges that’s a start on the final draft, makes ethics rule temporary

“Today’s draft is a meaningful step toward the Senate vote on the Clarity Act we’ve been calling for,” said Digital Chamber CEO Cody Carbone in a statement. “We’re encouraged, and we’re ready to keep working until the bill reaches the president’s desk.” One thing that may land as a significant relief for the decentralized finance…

Digital Chamber Sues Illinois Officials over 0.2% Crypto Tax

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