Crypto Industry News & Market Trends

Dutch court declares crypto platform Knaken bankrupt over missing funds

A Dutch court has declared cryptocurrency platform Knaken Cryptohandel BV and its affiliated foundation bankrupt after prosecutors said 7 million euros ($8 million) in customer assets were missing.　　The Rotterdam court issued the ruling on Thursday, saying the bankruptcy was needed to ensure an orderly settlement after Knaken blocked access to its platform and accounts.　　According to the court, the company has insufficient assets to fully repay users. The court also said customers lacked sufficient information to determine their legal position.　　The Dutch Public Prosecution Service filed the bankruptcy petition on June 30 after opening a criminal investigation into the missing funds, while the Netherlands financial crime investigation service also raided the company in late June and seized devices and assets.　　Founded in Rotterdam in 2017, Knaken went offline in early June, according to NL Times. The company does not appear in the Dutch Authority for the Financial Markets (AFM) register of authorized crypto-asset service providers.　　The AFM told Cointelegraph in early July that it had already begun taking supervisory and enforcement action against unauthorized crypto-asset service providers after the Netherlands ended its Markets in Crypto-Assets (MiCA) regulation transition period on June 30, 2025. The Dutch deadline came before the EU-wide maximum transition deadline of

07-20Industry

Hyperliquid plans to introduce decentralized prediction markets in HIP-4 upgrade

Hyperliquid said its HIP-4 upgrade, which introduced “outcome trading” to the decentralized exchange, will support permissionless deployment of the contracts in a future enhancement.　　Once live, anyone will be able to offer a prediction market on the platform, subject to templates approved by validators, Hyperliquid said on Telegram on Sunday. In the meantime, they remain under the authority of validators.　　Prediction markets, a sector dominated by Polymarket and Kalshi, allow participants to bet on event outcomes and have evolved into a multibillion-dollar sector of the blockchain industry. Users take positions on events from central bank interest-rate decisions to who performs at the Super Bowl halftime show.　　The growing popularity of the platforms — the FIFA World Cup, which wrapped up Sunday with Spain winning its third title, drew more than $50 billion in bets — has attracted centralized trading platforms like Coinbase and Robinhood into the sector to offer customers a one-stop shop for predictions markets alongside more conventional financial trading.

07-20Industry

Australian Dollar rises against Japanese Yen due to RBA-BoJ rate differential

AUD/JPY rises after two days of losses, trading around 113.60 during the European hours on Monday. The currency cross appreciates as the Australian Dollar (AUD) holds gains following the release of the interest rate decision by the People‘s Bank of China (PBOC), China’s central bank.　　PBoC announced to leave its Loan Prime Rates (LPRs) unchanged, keeping the one-year and five-year LPRs at 3.00% and 3.50%, respectively. It is important to note that Australia and China are close trading partners, so any change in the Chinese economy could impact the AUD.　　The AUD/JPY cross continues to advance, underpinned by the persistent interest rate differential between the Reserve Bank of Australia (RBA) and the Bank of Japan (BoJ). Expectations for additional RBA tightening remain muted, though escalating fuel costs could challenge this outlook. Markets currently price in roughly a 70% chance of one final rate increase by December, even as some investors project policy easing to begin next year. For now, the Australian central bank remains in a “wait-and-see” stance to gauge the impact of its previous tightening on sticky core inflation and a cooling domestic economy.　　At the same time, market participants are exercising caution over potential FX intervention by Japanese officials. Sentiment was

07-20Industry

British Pound: Outperformance on yields and politics repricing – MUFG

MUFGs Lee Hardman highlights the Pound as the best performing major currency in recent weeks, supported by higher UK real yields and favourable carry conditions. Markets are reassessing UK fiscal and political risks as Andy Burnham becomes Prime Minister, with expectations of a pro-business and fiscally responsible stance. MUFG judges much good news is now priced into the Pound, limiting further upside.　　UK real yields and politics drive Pound　　“The pound has been the best performing major currency over the past couple of weeks highlighting that it remains resilient to the negative energy price shock.”　　“We have found that pound has been supported by a jump in UK real yields which has made it relatively more attractive and provided adequate compensation for the pick-up in UK political risks.”　　“The higher yields on offer in the UK come at a time when financial market conditions are supportive for carry trades given FX volatility is close to year-to-date lows.”　　“At the same time, market participants have been scaling back initial concerns over fiscal and political risks in the UK related to Andy Burnham becoming prime minister.”　　“After recent strong gains, we believe that a lot of good news is now priced into the pound which should curtail further

07-20Industry

Bitcoin Whale Accumulation Surges Amid Market Stability

Something quiet is happening at the top of the Bitcoin market — and the numbers are hard to ignore. Bitcoin whale accumulationhas surged to one of its highest levels of the year, with wallets holding between 1,000 and 10,000 BTC scooping up approximately 66,700 BTC over the past 60 days as of July 19. At prices hovering around $64,500 to $64,700, that represents billions of dollars in fresh exposure — absorbed steadily, without chasing price.　　Key takeawaysWhale wallets (1,000–10,000 BTC) accumulated approximately 66,700 BTC in the 60 days ending July 19, one of the strongest buying waves of the year.Mid-sized holders (100–1,000 BTC) distributed around 77,800 BTC during the same period, providing liquidity for whale buying.Bitcoin price held stable between $64,500 and $64,700 throughout the accumulation window.Exchange reserves continued declining as more BTC moved to self-custody, reducing available sell-side supply.US spot Bitcoin ETFs returned to net inflows after an extended outflow streak, though the recovery remains modest relative to prior redemptions.　　Bitcoin Whales Are Buying Into a Flat Market　　The most striking detail about this accumulation wave is not just the size — it is the context. Large holders are not buying into a rally. They are loading up while the market stands

07-20Industry

Pi Networks PI and PUMP Rocket Daily, Bitcoin Fights For $64K: Market Watch

PUMP has stolen the show today, but PI trades closeby.　　In a deja vu moment mimicking the start of the previous business week, BTCs price dipped by over a grand as most financial markets opened.　　Most larger-cap alts have followed suit with minimal losses. ZEC, though, has dumped the most from this cohort of crypto assets, plunging by over 6%.　　BTC Fights for $64K　　Recall that last Monday began on an even more painful note. At the time, bitcoin had calmed at around $64,000 before the bears took control and drove it south to under $62,000. However, the softer-than-expected US CPI numbers for June propelled an impressive rally that drove BTC to its highest price tag in approximately three weeks at $65,600.　　Nevertheless, the cryptocurrency failed to sustain its momentum and quickly slipped back down to $62,500 on Friday. The bulls stepped up again and helped it recover to $64,000 by Saturday morning.　　The weekend was more positive, as BTC managed to climb higher and even touched $65,000 on Monday morning. History repeated itself, though, and it fell to $63,700 earlier today. It has recovered some ground, but it still trades at just below $64,000.　　Its market capitalization remains below $1.290 trillion, while its dominance over the

07-20Industry

Is SpaceX stock still a buy after post-IPO plunge？

SpaceX (NASDAQ: SPCX) stock has undergone a sharp reversal just weeks after completing the largest IPO in history, raising questions about whether the pullback presents a buying opportunity or signals further downside.　　After debuting at $135 per share in June 2026 and rallying to a post-IPO high of about $226, SpaceX stock has fallen to $124 as of press time.　　The decline of roughly 45% from its peak has pushed shares below their IPO price and wiped nearly $1 trillion from the companys market value, reducing its valuation from about $2.6 trillion to $1.6 trillion.　　SPCX 30-day stock price chart. Source: FinboldWhy SpaceX stock plunged post-IPO　　The sell-off reflects a common post-IPO pattern, with early enthusiasm giving way to profit-taking, insider selling, and valuation concerns.　　Additional pressure has come from share unlocks, rising short interest, a recent Starship testing setback, and a broader pullback in speculative technology stocks. Even so, SpaceX remains among the worlds most valuable public companies.　　The strongest case for buying SpaceX stock is Starlink, the companys primary revenue and profit driver.　　The satellite broadband service now serves more than 10 million users worldwide, generating recurring, high-margin revenue from consumer, enterprise, and government customers, including Starshield contracts.　　Notably, SpaceX generated $18.7 billion in revenue in

07-20Industry

Bitcoin price slips under $64K as Middle East tensions and Chinas Kimi K3 launch rattle markets

Bitcoin price has slipped below $64,000 as renewed US-Iran tensions, volatile oil prices, and a technology-sector sell-off tied to Chinas Kimi K3 launch drove investors away from risk assets.　　SummaryBitcoin price fell below $64,000 as Middle East tensions and Kimi K3 rattled risk markets.BTC must reclaim $65,047 to confirm a sustained recovery toward $67,000.A break below $62,708 could expose the $60,000 support and trigger further liquidations.　　According to data from crypto.news, Bitcoin (BTC) price fell nearly 2% to $63,785 on Monday before recovering toward $64,000, still down about 1% over the past 24 hours. The Crypto Fear & Greed Index remained in “Fear” territory at 29, while Ether, XRP, BNB, and Dogecoin also posted slight daily losses.　　Middle East risks intensified after a projectile set a vessel ablaze in the Strait of Hormuz, forcing its crew to abandon ship before a tugboat rescued them. US strikes also killed one person in Tabriz, while Tehran condemned attacks on the unfinished Darkhovin nuclear facility.　　CENTCOM separately reported that a US service member died during the controlled detonation of an unexploded Iranian drone in northern Iraq.　　The attacks initially drove crude oil higher as traders assessed the threat to Middle Eastern production and shipping. Brent briefly exceeded $85

07-20Industry

US Regulators Fail to Meet GENIUS Act Deadline for Stablecoin Regulations

Key HighlightsFederal regulators missed the July 18, 2026 deadline mandated by the GENIUS Act to complete stablecoin regulationsAlthough ten rule proposals were submitted, not a single one reached finalization by the deadlineThe laws implementation date of January 18, 2027 remains unchanged despite the missed regulatory deadlineMultiple federal agencies including OCC, FDIC, Federal Reserve, NCUA and Treasury were tasked with creating rulesAnchorage Digital marked the anniversary by urging lawmakers to advance the CLARITY Act　　Federal regulators have failed to meet a critical deadline for implementing the United States groundbreaking stablecoin legislation. A full year after President Donald Trump enacted the GENIUS Act, regulatory agencies have yet to finalize any of the required implementing rules.　　JUST IN:　　U.S. regulators missed the GENIUS Acts one-year deadline to finalize stablecoin rules　　The law still takes effect January 18, 2027 regardless, leaving issuers preparing around rules that could still change. pic.twitter.com/J8ENG4trht　　— Coin Bureau (@coinbureau) July 19, 2026　　President Trump signed the GENIUS Act into law on July 18, 2025, establishing Americas inaugural federal regulatory structure for payment stablecoins. The comprehensive legislation addresses reserve requirements, redemption protocols, disclosure obligations, licensing procedures and supervisory standards.　　The laws Section 13 mandated that relevant regulatory bodies complete their rulemaking processes within twelve months. That statutory

07-20Industry

USD/JPY Price Forecast: Forms Symmetrical Triangle near multi-decade highs

The Japanese Yen (JPY) trades marginally higher against the US Dollar (USD) during the European trading session on Monday. The USD/JPY pair edges down to near 162.36 as the US Dollar faces pressure, with investors remaining confident that the Federal Reserve (Fed) will leave interest rates unchanged in the monetary policy announcement next week.　　During the press time, the US Dollar Index (DXY), which tracks the Greenbacks value against six major currencies, trades slightly lower to near 100.70.　　The CME FedWatch tool, the odds of the Fed leaving interest rates unchanged in the July meeting are 85.6%, up from 65.8% recorded last week. Traders have trimmed hawkish Fed expectations after the United States (US) Consumer Price Index (CPI) data release for June, which showed that both headline and core inflation cooled down.　　Meanwhile, the Japanese Yen faces pressure against its other currency peers amid escalating geopolitical tensions. Late Sunday, US Central Command (CENTCOM) confirmed that it had concluded a ninth straight night of strikes against Iran, clarifying that the latest aggression was in retaliation for the killing of at least three American service members　　USD/JPY technical analysis　　USD/JPY trades at 162.36, holding a modest bullish bias as it consolidates near the multi-decade high of 162.84.

07-20Industry

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