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Ripple's Alderoty Says Crypto Is No Longer Just for 'Crypto Boys'

Ripple Chief Legal Officer Stuart Alderoty has pushed back against a recent Wall Street Journal editorial that referred to supporters of cryptocurrency regulation as “the crypto boys.”　　Digital Currencies　　He claims that the industrys user base is far more diverse than its critics tend to believe.　　Beyond stereotypes　　Alderoty said the label misrepresents the millions of Americans who now own digital assets.　　According to the Ripple executive, roughly 67 million Americans currently hold cryptocurrency.　　He added that about one-third of U.S. crypto owners are women. What is particularly striking is that more holders are over the age of 55 than under 25.　　“Theyre teachers, construction workers, veterans, nurses, parents, and small business owners,” Alderoty wrote.　　His comments came in response to a highly controversial Wall Street Journal Opinion editorial criticizing the Senates proposed CLARITY Act.　　card　　The editorial acknowledged that the CLARITY Act would provide much-needed and long-awaited regulatory certainty. However, the newspapers editorial board also argued that lawmakers should amend the legislation before passing it. It specifically took issue with stablecoin-related rewards and some exemptions for some decentralized networks.　　As reported by U.Today, there was obviously a swift pushback from the crypto community. Blockchain Association CEO Ji Kim described it as containing “factual and legal inaccuracies.”　　Digital Currencies　　Overwhelming hate from the

08-07انڈسٹری

Thailands 0% crypto tax raises stakes in global capital...

Thailands five-year crypto tax exemption has returned to the spotlight after Binance founder Changpeng Zhao drew fresh attention to the policy this week, prompting new claims that the country has become a “0% crypto tax haven.”　　The exemption is real, but it is neither new nor unlimited. Thailands Cabinet approved the measure on June 17, 2025, and Ministerial Regulation No. 399 was published in the Royal Gazette on September 5, 2025.　　The rule exempts qualifying personal income derived from gains on cryptocurrency and digital-token transfers from January 1, 2025, through December 31, 2029. Crucially, the transaction must take place on a digital asset exchange, through a broker, or with a dealer licensed under Thai law. That condition makes the policy less a blanket tax holiday than an incentive to move trading activity into Thailands supervised market.　　https://twitter.com/SantimentData/status/2085574208457695491？s=20　　Thailands 0% crypto tax is an existing five-year rule　　Thailands Ministry of Finance described the measure as part of a plan to establish the country as a global “Digital Asset Hub.” The Cabinet approved the principle in June 2025, while the final regulation entered the legal framework months later. Because the rule applies to assessable income received from the start of 2025, its tax benefit reaches back to

08-07انڈسٹری

S&P 500 added all of crypto's $2 trillion market cap in a month while bitcoin barely moved. Here's why

Crypto-specific troubles　　Crypto has also been fighting its own battles that may be capping the upside. To name a few: the $120 million Coldcard exploit, uncertainty around the Clarity Act, and reports of Strategy liquidating its BTC.　　“Crypto has also faced its own pressures. The Coldcard exploit has damaged sentiment, while Strategy has sold bitcoin in three consecutive months. Neither event has triggered a broader credit event or forced liquidation cycle,” Haeems said.　　He added that rising bond yields are creating an additional headwind for crypto, leading to an outflow of capital via stablecoins. Leading dollar-pegged stablecoin USDTs supply has dropped to its lowest since 2025.　　“I would also watch stablecoin supply. USDT has fallen from about $190 billion in April to $183 billion, while USDC has declined from $79.5 billion to $72 billion. With real Treasury returns at their highest since 2008, capital is being paid to remain outside crypto,” Haeems added.　　Halving cycle and ETF flows　　Theres also a four-year halving-cycle-related positioning story underneath all of this, and it may be the most counterintuitive piece.　　According to Markus Thielen, founder of 10x Research, the lack of bullish impetus is likely the result of a self-fulfilling prophecy about the halving cycles track record, which suggests a

08-07انڈسٹری

Bitcoin wallet dormant since 2011 moves $3.2 million toward FalconX-linked address

It has also received funds from wallets Arkham labels as a Nexo hot wallet and Prime Trust custody.　　The newly arrived 50 BTC remained in the address as of Friday morning. That means there is no on-chain evidence that the dormant coins themselves have been sent to FalconX, another exchange or sold.　　A 2011 wallets coins landed in an address that has sold through a prime broker before. (Shaurya Malwa/CoinDesk)　　Dormant wallets from bitcoins earliest years tend to draw attention when they move because their owners accumulated coins when the asset was worth a fraction of todays price.　　While movement alone gives little indication of what the holder plans to do next, and transfers can reflect anything from wallet upgrades and custody changes to preparations for a sale.　　The movements come on the back of one of the worst cold-wallet exploits to hit Bitcoin in years, a reminder that coins can sit safely for more than a decade and still become vulnerable when the software protecting their keys fails.　　Coinkite, maker of the Coldcard hardware wallet, urged users on Tuesday to move funds after disclosing a flaw in firmware dating to 2021 that could expose keys generated by affected devices. Attackers have swept as much as

08-07انڈسٹری

XRP leads majors losses as Clarity Act vote slips to September

SummaryBitcoin hovered around $64,300 and was flat on the week as the Senate delayed a vote on the Crypto Clarity Act until at least September.Major cryptocurrencies were mixed, with XRP leading declines while BNB and Hyperliquids HYPE outperformed over the past seven days.Inflows into spot bitcoin funds have helped defend support near $63,000 to $64,000, but upcoming U.S. jobs and inflation data could determine whether bitcoin retests resistance around $66,000 or falls back toward $63,000.　　Bitcoin held near $64,300 on Friday, little changed on the day and flat over the week, after the Senate confirmed it would not vote on the Clarity Act before leaving for its August break.　　XRP was the weakest major, down over 2% on the day to $1.02 and 5.5% over seven days. Solana fell over 1% to nearly $73 and is down almost 2% on the week. Dogecoin slipped almost 1% to under 7 cents and ether was flat at $1,897, down marginally over seven days. BNB held at $591 and is up 1% on the week. Hyperliquids HYPE eased under 1% to nearly $56 but leads the majors over seven days at 1.3%.　　The bill, which would set out which U.S. regulator oversees which digital assets, needs

08-07انڈسٹری

Ondo founders mother seeks CEO ouster in Delaware

Ondo Finance is facing a corporate control battle in Delaware after Kathleen Allman, mother of late founder Nathan Allman, sued to remove Ian De Bode as chief executive and establish authority over the company.　　SummaryKathleen Allman seeks control of Ondo and removal of CEO Ian De Bode in Delaware.Three Delaware Chancery filings ask judges to determine lawful control and preserve Ondos status quo.De Bode calls the estates allegations meritless and says key stakeholders continue supporting current leadership.Ondos website still identifies Ian De Bode as chief executive while the Delaware dispute continues.Allmans estate gained voting authority after Kathleen became personal representative in Hawaii on June 26.　　The complaint was filed July 24 in the Delaware Court of Chancery, roughly two months after Ondo announced Allmans death and said De Bode would assume the CEO role.　　The dispute centers on who lawfully controls Ondo after Allman‘s death. Kathleen Allman argues that, as personal representative of her son’s estate, she controls his voting interest and therefore had authority to reconstitute the board. De Bode rejects those claims, calling them “meritless” and saying current leadership retains support from key stakeholders, lead investors and the Ondo Foundation.　　Late Ondo Founders Mother Sues for Company Control, Seeks Removal of CEO

08-07انڈسٹری

US Senate pushes CLARITY Act vote to September

Senate Republican leaders are expected to leave for their August recess without voting on crypto market structure legislation, delaying consideration of the bill until at least September, according to a report from Politico.　　Senate Majority Leader John Thune confirmed that the chamber would not vote on the legislation before the recess, citing Democratic opposition and saying it would be prioritized when senators return next month.　　“The Dems are insistent on no Clarity vote,” Thune said, according to comments his office provided to Cointelegraph. “I worked with sponsors of the bill. Senator Lummis was great, and were getting that queued up first thing when we come back.”　　The postponement leaves one of the crypto industry‘s top legislative priorities unresolved and compresses the Senate’s timetable for advancing the bill. Without sufficient Democratic support, Republicans may struggle to secure the 60 votes generally needed to overcome a filibuster.　　September delay narrows path for CLARITY Act　　Thunes remarks come after comments from Senate Banking Committee Chair Tim Scott, who said on Thursday the chamber should hold its first vote on the CLARITY Act before the recess “without any question.”　　Scott said Thune still had time to schedule the procedural vote and that Republicans were gaining support for it.　　The CLARITY Act

08-07انڈسٹری

Proposed CLARITY ethics deal could save Trump millions in taxes: Bloomberg

A bipartisan ethics proposal pitched to US President Donald Trump to secure passage of the crypto market structure bill in Congress could create a significant tax benefit for the president, Bloomberg reported Thursday.　　The ethics addendum, which has not been made public, includes a provision requiring the president to divest from crypto-related businesses, according to people familiar with the matter. The proposal would reportedly allow Trump to defer capital gains taxes on any required divestitures, potentially leading to tax savings in the millions.　　Democratic concerns over Trump‘s crypto conflicts have been a central obstacle to passing the market-structure bill. Senators have been working on an ethics addendum meant to break that impasse, though the reported tax-deferral benefit could become another point of contention for Democrats to question whether the president’s financial interests are genuinely curbed.　　Cointelegraph reached out to the White House for comment but did not receive an immediate response.　　Related: US Senate pushes CLARITY Act vote to September: Report　　Trumps annual financial disclosure report for 2025, released at the end of June, revealed the US president saw $1.4 billion in income from crypto-related ventures last year.　　According to the 927-page disclosure, the licensing and sale of memecoins such as Official Trump (TRUMP) generated the

08-07انڈسٹری

Gold ETFs Add $3 Billion in July Reversing Two-Month Outflow Streak

Global gold-backed exchange-traded funds (ETFs) attracted $3 billion in July, reversing two straight months of outflows and lifting total assets under management 1% to $530 billion.　　The turnaround coincided with gold ending a four-month losing streak, and the metal has carried that momentum into August.　　Sponsored　　Sponsored　　Europe Drives the July Turnaround　　Fund flows offer a close read on how investors view gold, and July marked a clear shift back toward the metal. European funds supplied most of the fresh money, adding $2 billion over the month.　　The United Kingdom led that group with $875 million, while Switzerland followed at $657 million. Asian funds bought $616 million, keeping the region the largest contributor to inflows in 2026.　　Follow us on X to get the latest news as it happens　　Gold ETF Flows in July. Source: World Gold Council　　North America swung back to positive flows, though its $71 million addition was slim. That region still holds the only net outflow position among major markets for the year to date, a signal that US investors remain cautious. The mixed picture kept the global recovery uneven.　　Total holdings across all funds rose 23 tonnes to 4,068 tonnes, the World Gold Council reported. That level sits below the record 4,176 tonnes set on

08-07انڈسٹری

Upbit lists Block Street (BSB) across KRW, BTC, USDT

Upbit will add Block Street (BSB) to its Korean won, Bitcoin and USDT markets on Aug. 7, giving the token three new spot pairs in South Korea.　　According to Upbits official listing notice, the exchange scheduled trading for 3:00 p.m. Korea Standard Time and said deposits and withdrawals would initially be supported only through Ethereum.　　신규 디지털 자산 블록스트리트(BSB) 거래지원 안내　　✅ 지원 마켓: KRW, BTC, USDT 마켓　　???? 거래지원 개시 시점 : 2026-08-07 15:00 KST 예정　　????공지 바로가기:https://t.co/4dv2uwnLvw#Upbit #BSB@BlockSt_HQ pic.twitter.com/WdsEE0qJ4J　　— Upbit Korea (@Official_Upbit) August 7, 2026　　Upbit also warned that the trading start could be delayed if adequate liquidity is not secured. The exchange said users should verify the supported network before transferring BSB because deposits sent through unsupported networks may require a lengthy return process.　　Upbit will impose temporary BSB trading limits　　Upbit plans several restrictions during BSB‘s opening period. Buy orders will be blocked for about five minutes after trading begins. During the same period, sell orders priced more than 10% below the previous day’s closing price will also be restricted.　　In addition, Upbit will allow only limit orders for roughly two hours after trading support starts. The exchange cited a previous closing price of 211.09 KRW and a recent reference price of 222.34 KRW at

08-07انڈسٹری

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