UK Crypto Industry Inches Ahead

Despite promises from past prime ministers to turn the UK into a crypto hub, the UK is still cautious about regulating the crypto industry.  In 2022, then Prime Minister Rishi Sunak promised to amend laws governing the crypto industry in the UK, making them friendlier to blockchain businesses. The rhetoric may have relieved entrepreneurs, but…

Watch These Ether Price Levels with ETH Signaling ‘Further Upside”

Key takeaways: Ether dropped to $3,500 on Thursday, but onchain data shows no signs of a deeper drop, suggesting more growth potential in 2025. ETH price resistance at $4,500 remains the main barrier for now. Market analysts say Ether’s (ETH) uptrend remains intact despite the latest 9% drop from its seven-month highs. Data from Cointelegraph…

Crypto Inflows Surge to $60B Year-to-Date, Outpacing Private Equity: JPMorgan

Capital is flooding into digital assets at a record pace this year, according to Wall Street bank JPMorgan (JPM), marking a sharp contrast with declining flows into private equity and private credit markets. JPMorgan estimates that net capital inflows into digital assets have hit $60 billion year-to-date, a nearly 50% jump since the firm’s last…

UK Firm Sets Local Bitcoin Treasury Record with $135M Raise

London-based artificial intelligence firm Satsuma Technology has raised 100 million British pounds ($135 million) for its new Bitcoin treasury, setting a national record for BTC treasury raises. According to a Thursday announcement, Satsuma Technology said it “has successfully closed the book on the raise materially in excess of” the $135 million target. The company expects…

Societe Generale to support 21Shares Crypto ETPs: Growing Blockchain Ambitions?

Societe Generale, the world’s 19th-largest banking conglomerate by assets, is partnering with cryptocurrency asset manager 21Shares to provide liquidity for its crypto-based exchange-traded products (ETPs) in European markets. As part of the partnership, Societe Generale will provide liquidity and market-making services for 21Shares’ cryptocurrency ETPs for investors in Germany and Eastern Europe. The European banking…

Ethereum ETFs Hit 1 Year On US Market

US-based spot Ether exchange-traded funds marked their one-year trading anniversary on Wednesday amid a three-week run of inflows that included some of their strongest days to date. The US Securities and Exchange Commission approved the spot Ether (ETH) ETFs to begin trading on July 23, 2024, with funds from BlackRock, Fidelity, 21Shares, Bitwise, Franklin Templeton,…

Ripple Co-Founder Moves $175M XRP, Draws Criticism Over Timing

A wallet tied to Ripple co-founder Chris Larsen moved 50 million XRP, worth around $175 million, between July 17 and Wednesday, sparking backlash from the crypto community amid a pullback in XRP’s price. Blockchain sleuth ZachXBT flagged the transactions in a Thursday post on X, noting that roughly $140 million of the XRP (XRP) was…

Finder Earn Compliant with Financial Law, Australian Federal Court rules

The Australian Federal Court ruled in favor of fintech company Finder.com, clearing it and its yield-generating product, Finder Earn, in a legal battle with the Australian Securities and Investments Commission (ASIC) that lasted almost three years. In a Thursday court decision, Justices Stewart, Cheeseman and Meagher confirmed a previous judgment that Finder Wallet and Earn…

XRP Price Analysis

Key point: XRP (XRP) rose to a multi-year high above $3.66 on Friday, indicating aggressive buying by the bulls. That helped XRP’s market capitalization exceed that of the global fast-food giant McDonald’s on Monday. However, the failure to sustain the momentum may have tempted short-term buyers to book profits after the sharp run-up. What are…

Traditional Companies Enter the Crypto Treasury Game With BTC, XRP, and SOL Buys

A growing number of traditional companies are beginning to experiment with digital assets as part of their corporate treasury strategies, signaling a shift in how businesses view crypto’s role in financial management. This week alone, companies from sectors as diverse as agriculture, consumer manufacturing and even a nearly 80-year-old Japanese textile company announced allocations to…