Latest Crypto News & Market Updates

Gemini sent $10M in Bitcoin to Trump PAC after joint motion with CFTC

With a court set to consider a reversal of a $5 million settlement from the US Commodity Futures Trading Commission‘s (CFTC’s) case with cryptocurrency exchange Gemini, the company has sent $10 million in Bitcoin (BTC) to a super political action committee (PAC) supporting President Donald Trump.　　According to the MAGA Inc. Super PACs July report to the Federal Election Commission (FEC) filed on Monday, the Gemini Trust Company run by co-founders Cameron and Tyler Winklevoss sent two separate contributions of more than $5 million in Bitcoin on June 19.　　The donation, which the PAC may use for independent expenditures to support Trump, was recorded about three weeks after the CFTC filed a joint motion with Gemini in federal court in an attempt to reverse a January 2025 settlement over the company allegedly making false or misleading statements. CFTC Chair Michael Selig claimed at the time that the agency under former US President Joe Biden “politically targeted” the Winklevosses through enforcement actions.　　In addition to the recent MAGA Inc. contributions, the Winklevoss brothers each donated $1 million to Trump‘s 2024 election campaign and supported the then-candidate through social media posts. Following Trump taking office in January 2025, the twins attended the signing ceremony for

07-24Industry

Coinbase Opens Payment Rails For AI Agents As Corporate Clients Accept Autonomous Transactions

The line between autonomous software and economic actor just got thinner. Coinbase confirmed this week that corporate customers on its platform can now accept payments directly from AI agents, a move that turns machine-to-machine transactions from a concept into a commercial feature. The capability, rolling out to business users, relies on the x402 protocol, an open standard developed and incubated by the exchange. The original report from CoinDesk details how the feature lets companies receive payment for services rendered to AI systems without a human in the loop.　　The move addresses a growing need as more AI-driven Web3 applications start executing tasks on behalf of users—whether thats booking compute, settling data feeds, or purchasing analytics. Until now, AI agents could initiate requests but rarely had the wallet permissions to complete a financial transaction. Coinbase is essentially bridging that gap with a protocol that authenticates and settles payments on-chain, turning the agent into a paying customer.　　What x402 Does Differently　　Unlike a simple API key that debits a pre-funded account, the x402 protocol creates a genuine payment flow. An AI agent receives a payment request, signs it with its on-chain identity, and the transaction is settled via the base layer. For the receiving business,

07-24Industry

Japans First Spot Bitcoin ETF Could Arrive in 2028 as Rules Evolve

Key TakeawaysJapans FSA is weighing reforms that could allow spot bitcoin ETFs from 2028.SBI and Nomuras plans show 2 major firms expect stronger demand for regulated crypto access.Implementing the 20% tax rate for crypto could determine whether local ETFs gain traction.　　Japans Regulators Weigh Custody Standards for Crypto　　Japan is moving closer to permitting a spot bitcoin exchange-traded fund, a step that could open the countrys digital asset market to a broader group of institutional and retail investors.　　The July 15 approval by Japans National Diet, moving bitcoin and roughly 105 other crypto assets out of the Payment Services Act and into the Financial Instruments and Exchange Act removed a central legal obstacle to listing a bitcoin fund on the Tokyo Stock Exchange.　　A launch in 2028 is possible, but far from assured. Legal amendments, individual fund reviews and implementation of new crypto taxation rules could all delay trading beyond that date.　　SBI Holdings and Nomura are among the large Japanese financial groups reportedly preparing digital asset products ahead of any rule change. Their interest suggests firms expect demand to rise once Bitcoin exposure becomes available through familiar brokerage platforms.　　Regulation and Tax Policy Could Accelerate Bitcoin ETF　　Japan recently announced a major tax win for cryptocurrencies,

07-24Industry

Major Bitcoin Players Unite With $15M Fund to Combat Quantum Computing Threats

Key TakeawaysNine industry giants including Strategy, BlackRock, and Coinbase have formed the Bitcoin Security Consortium with $15 million committed over three years.Post-quantum cryptography research tops the consortiums agenda to shield Bitcoin from emerging quantum computing risks.Funding operates on a decentralized model where each member allocates capital independently without a centralized approval body.Mike Schmidt, Executive Director at Brink, will serve as volunteer coordinator for the consortiums daily operations.While quantum computers powerful enough to compromise Bitcoin‘s security don’t currently exist, projections indicate potential threats could materialize by 2030.　　A coalition of nine prominent Bitcoin industry players has unveiled a major initiative to bankroll critical security research for the cryptocurrency network. On July 23, Strategy, BlackRock, Coinbase, Galaxy, Fidelity Digital Assets, Anchorage Digital, ARK Invest, Block, and Blockstream revealed the formation of the Bitcoin Security Consortium.　　LATEST:　　BlackRock, Coinbase, Strategy and six other firms have pledged $15M over three years to strengthen Bitcoins security, including defenses against future quantum computing threats. pic.twitter.com/7el1VmafFe　　— CoinMarketCap (@CoinMarketCap) July 23, 2026　　The inaugural consortium members have committed a combined $15 million spanning a three-year period. Unlike traditional funding pools, each participating company will independently allocate its contributions to research organizations of its choosing, avoiding centralized fund management.　　Mike Schmidt, who serves as

07-24Industry

African Nations Eye State Bitcoin Mining as Kazakhstan Sets New Model

Several African countries are exploring state-backed Bitcoin mining as a way to monetize surplus energy and build strategic digital asset reserves.Kazakhstan has introduced a framework requiring industrial miners to contribute part of their Bitcoin production to a planned national crypto reserve.The shift reflects a broader trend of governments treating Bitcoin mining as an energy and reserve management strategy rather than a purely private industry.　　African governments are increasingly evaluating state-backed Bitcoin mining as a tool to monetize underutilized energy resources, following a broader global trend that now includes Kazakhstans newly approved framework linking industrial mining directly to a sovereign cryptocurrency reserve.　　Africas Energy Advantage Draws Attention　　Several African countries possess abundant hydroelectric, geothermal and natural gas resources that remain partially underutilized because of limited transmission infrastructure or weak domestic demand. Rather than leaving excess generation idle, policymakers are increasingly considering Bitcoin mining as a way to convert stranded electricity into digital assets.　　The approach has gained momentum as governments search for new sources of revenue, diversify national reserves and attract infrastructure investment without relying exclusively on commodity exports.　　While policy frameworks differ across the continent, the common objective is to transform surplus energy into productive economic assets.　　Kazakhstan Offers a New Blueprint　　Kazakhstan has become one of

07-24Industry

Bitcoin slips below $65K as Trump unveils new global tariffs

Bitcoin has fallen below $65,000 after the Trump administration announced tariffs of 10% to 12.5% on imports from 60 trading partners covering more than 99% of U.S. trade.　　CNBC reported that the duties will take effect at 12:01 a.m. ET on Friday, replacing the temporary 10% global tariff scheduled to expire the same day. The Office of the U.S. Trade Representative has linked the measures to what it described as inadequate enforcement against goods made with forced labor.　　Bitcoin traded as low as $64,985 on Thursday, July 23, before briefly recovering above $65,000. crypto.news data showed the asset down about 1.5% over 24 hours, with its market capitalization standing near $1.3 trillion.　　Selling resumed after details of the tariff plan emerged, leaving the rebound above $65,000 short-lived. Short-interval charts showed consecutive bearish candles during the decline, while CoinGlass recorded rising liquidations of leveraged long positions as traders faced another risk-off development.　　The tariff announcement arrived during a difficult session for risk assets. The Nasdaq Composite fell about 2.2% to a four-week low, while the S&P 500 lost 1.2% and the Dow Jones Industrial Average dropped about 507 points.　　Escalating tensions between the United States and Iran had already pressured Bitcoin earlier in the day. Al

07-24Industry

Goldman Sachs CEO backs Clarity Act despite banking industry's concerns over stablecoin rules

Solomons endorsement contrasts with growing opposition from other major banking executives, including JPMorgan Chase CEO Jamie Dimon, who have argued that the legislation could put traditional banks at a competitive disadvantage by allowing crypto companies to offer yield-bearing stablecoin products that resemble bank deposits without being subject to the same regulatory framework.　　Speaking to Fox Business in May, Dimon said he was dissatisfied with the latest version of the bill because “it allows them to effectively pay interest on deposits, stablecoins or something like that, without protection that they should have.”　　“The banks will not accept it that way,” Dimon said. “Im not worried about stablecoins but if it happened Im telling you I will have nothing to do with it and it will eventually blow up.”　　JPMorgan has also warned that crypto legislation should close regulatory gaps rather than create new ones. In a blog post published in June, executives at the bank argued that firms offering products that function like traditional bank accounts should face comparable oversight and consumer protections.　　The debate over stablecoin rewards has become one of the biggest sticking points in negotiations over the CLARITY Act. Coinbase CEO Brian Armstrong has argued that banks are lobbying lawmakers to restrict

07-24Industry

BitMEX Users Seek 623 BTC in Liquidation Fraud Suit

BitMEX is facing a class action lawsuit accusing the crypto derivatives platform of fraudulently engineering customer liquidations to seize traders Bitcoin collateral.　　On Thursday, BKX Services Inc. and David Namdar filed the complaint in the US District Court for the Southern District of New York. The plaintiffs allege they lost a combined 622.66 BTC through forced liquidations on BitMEX, with BKX claiming losses of at least 305.81 BTC and Namdar alleging losses exceeding 316.85 BTC.　　The lawsuit revives long-running allegations about the platforms internal trading operations and liquidation engine and comes just as the exchange is preparing to close in September.　　“BitMEX deliberately developed a system that profited from the liquidations,” the plaintiffs alleged. The complaint claimed that an internal trading desk had access to private customer information and could continue trading during server freezes that prevented ordinary users from accessing or closing their positions.　　Cointelegraph reached out to BitMEX for comment but did not receive a response before publication.　　BitMEX users seek Bitcoin return under fraud claims　　According to the filing, BitMEX allowed customers to use leverage of up to 100 times their collateral, then automatically liquidated positions while collateral was still allegedly worth twice the losses incurred.　　The remaining BTC was placed into the platforms

07-24Industry

Morning briefing: The US treasury yields are moving

The Dollar Index holds strong above 101 while the Euro has dipped below 1.14, moving as per its intrinsic near-term trend.Euro can soon target 1.1350-1.13. The ECB kept rates unchanged yesterday but has high scope for a rate hike in September. USDJPY continues to rally, targeting 164.50-165 while Aussie and Pound have declined sharply as expected on Dollar strength triggered by the rally in Brent crude price to 102. EURINR looks bullish towards 110.50-111 while USDCNY can trade within 6.75-6.7850 for some time. USDINR is bullish towards 97.　　The US Treasury Yields are moving up as expected but at a faster pace.Surge in oil price is pushing the yields higher. The yields can rise further from here. The German Yields are inching up. The bullish view is intact. They have room to rise further. The ECB kept the rates unchanged in its meeting yesterday as expected. A rate hike in September is widely expected now. The 10Yr GoI is moving up. It can rise further from here and then can resume its broader downtrend.　　Global equities have turned weaker amid escalating tensions in the Middle East.Dow is attempting to break below 52000 and could decline towards 51500-51000 if the breakdown is sustained.

07-24Industry

Ripple Brings RLUSD to Notabene's Stablecoin Platform

Ripple has made an investment in Notabene, a regulated on-chain transaction network, according to a Thursday announcement. The tie-up will make it possible to expand RLUSDs usage in institutional stablecoin payments.　　Merchant Services & Payment Systems　　Under the partnership, RLUSD will be integrated into Notabene Flow, which is Notabenes B2B stablecoin payments platform.　　The companies will also explore how Notabenes transaction authorization and compliance infrastructure can complement Ripple Payments.　　Notabene boasts a rather impressive network of 2,300 institutions across over 100 jurisdictions.　　The company supports more than $2 trillion in annualized transaction volume and provides tools for compliance, counterparty verification, and transaction authorization.　　Part of mainstream finance　　The collaboration comes as financial institutions increasingly explore stablecoins for payments. However, they keep facing challenges around regulatory requirements, risk management, and so on. Notabenes infrastructure is designed to address these issues.　　Jack McDonald, SVP of stablecoin at Ripple, has made it clear that the efficiency of settlement rails is not sufficient enough to make sure that stablecoins become fully mainstream. He added that more factors, such as compliance and identity verification, remain key factors for broader institutional adoption.

07-24Industry