AML Bitcoin Maker Sentenced to 7 Years in Prison

The founder of a crypto token called AML Bitcoin has been sentenced to seven years in prison after being found guilty earlier this year of wire fraud and money laundering. The US Department of Justice said on Tuesday that Rowland Marcus Andrade defrauded investors out of $10 million and used $2 million from the sale…

Bitcoin Eyes $123K But Q3 Data Could Stall Price Discovery

Key takeaways: Bitcoin targets $122,000, where $2 billion in short liquidations are clustered but Q3 seasonal data hints at downside. A falling RSI, spot BTC ETF outflows, and low trading volumes point to weakening bullish momentum. FOMC minutes and positive news from the White House could trigger a rally on Wednesday. Bitcoin (BTC) briefly dipped…

Asia Morning Briefing: SEC's In-Kind BTC, ETH ETF Redemption Shift Happened Years Ago in Hong Kong

Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.On Wednesday in the U.S., the Securities and Exchange Commission announced that…

MARA Holdings Beats Q2 Expectations With Record Revenue Jump

Bitcoin miner MARA Holdings beat analyst expectations in its second-quarter earnings, which saw its share price slightly gain after-hours. MARA Holdings’ revenues increased 64% year-on-year to $238 million, up from $145 million in Q2 2024 and also gaining from its $214 million revenues in the first quarter of 2025, the company said on Tuesday.  The…

Key Player In $13M Crypto Ponzi Pleads Guilty

A major player in a crypto Ponzi scheme that duped victims out of $13 million with claims of using artificial intelligence-powered crypto trading bots and a fake government agency has pleaded guilty. The US Department of Justice said on Monday that Vincent Anthony Mazzotta Jr admitted to his role in defrauding investors by promising high…

eToro to Tokenize 100 Most Popular US Stocks on Ethereum

Trading and investing platform eToro has announced plans to launch tokenized US stocks as ERC-20 tokens on the Ethereum blockchain. The upcoming rollout will include the 100 most popular US-listed stocks and ETFs, tradable 24/5 as blockchain-based assets, the company said on Tuesday. According to eToro, users will eventually be able to transfer tokenized stocks…

What Happened In Crypto Today

Today in crypto, the US SEC has approved in-kind transactions for crypto ETPs; Rakbank became the first traditional bank in the UAE to enable crypto trading for retail users via its mobile app; and hedge fund manager Ray Dalio recommended allocating 15% of a portfolio to Bitcoin and gold amid concerns over the US debt…

US Senator Seeks to Include Crypto in Mortgage Approval Process

Wyoming Senator Cynthia Lummis has introduced a law that could codify an order from a US housing regulatory agency for mortgage purchasers to consider digital assets in applications. In a Tuesday notice, Lummis said her proposed bill, the 21st Century Mortgage Act, would take congressional action following a June order from the US Federal Housing…

XRP Open Interest Drops By $2.4B After Recent Selloff

Key takeaways: XRP open interest remains elevated despite the recent drop, suggesting traders are still holding leveraged positions. Low onchain activity on the XRP Ledger raises doubts about sustainable price gains above the $3 resistance level. XRP (XRP) has fallen 15% since reaching $3.66 on July 18. This move was accompanied by a $2.4 billion…

Bitcoin Eyes $123K But Q3 Data Could Stall Price Discovery

Key takeaways: Bitcoin targets $122,000, where $2 billion in short liquidations are clustered but Q3 seasonal data hints at downside. A falling RSI, spot BTC ETF outflows, and low trading volumes point to weakening bullish momentum. FOMC minutes and positive news from the White House could trigger a rally on Wednesday. Bitcoin (BTC) briefly dipped…