Latest Crypto News & Market Updates

Crypto's institutional influx has killed the memecoin craze

It points to a broader change in how capital flows through crypto. The introduction of U.S. spot bitcoin ETFs in 2024 accelerated the institutionalization of the market, drawing in a class of investors who have little interest in meme tokens and significant interest in bitcoin as a macro asset. Capital has also been pulled away by other emerging sectors with links to traditional finance, such as real-world assets.　　Capital that once chased speculative memecoins is consolidating into bitcoin and other major market sectors. This, coupled with higher interest rates worldwide, indicates that the era of easy money through memecoins is gone.　　As for short-term market trends, positioning in the options market points to a constructive outlook among traders with expectations for a BTC price increase to at least $72,000. Stay alert!　　Read more: For analysis of todays activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesks “Crypto Week Ahead.”　　Whats trendingTrump considering a ‘massive attack’ on Iran as Tehran labels UK ‘accomplice’ to America (CNBC): U.S. President Donald Trump said he will soon decide on whether to launch a “massive” and “bigger than ever before” attack on Iran after the conflict expanded to

07-24Industry

EU hits Russia with massive 21st sanctions package targeting $120B crypto network

SummaryThe European Union has expanded its Russia sanctions to target the A7 cross-border payments network, including its new links to Africa, and the A7A5 stablecoin used for sanctions evasion.The latest package widens a transaction ban to 14 crypto-related platforms in countries including Georgia, the UAE and Panama, and introduces a tool that could allow a full ban on crypto-asset services used by Russia.Alongside the digital asset measures, the EU is freezing assets and banning transactions for 94 banks and major financial institutions, and extending its transaction ban to 33 additional Russian credit and financial institutions.　　The European Union (EU) extended sanctions against Russia to include four designations related to the cross-border A7 network, including its new links to Africa.　　The EU is also extending its transaction ban to 14 unnamed crypto-related service platforms based in Georgia, Panama, the United Arab Emirates (UAE), the Marshall Islands, Kyrgyzstan and Belarus.　　Chainalysis recently noted that on the A7 network, where the A7A5 stablecoin operates, has processed nearly $120 billion to date and that it is purposely built for Russias sanctions evasion.　　“We‘re hitting over a hundred banks and crypto operators, 40+ vessels in Russia’s shadow fleet, and several oil refineries in Russia and Belarus,” Kaja Kallas, High

07-24Industry

After Twenty One Exit, Jack Mallers Says Bitcoin Taught Him Hard Lessons

Rather than predicting prices, Maller argued Bitcoins toughest periods are what keep the network and its participants honest.　　Jack Mallers says Bitcoins bear market has left him “getting my ass kicked,” but the Strike founder believes that is exactly what makes the asset different from traditional financial systems.　　In an essay published Friday, just days after stepping down as CEO of Twenty One Capital, Mallers argued that Bitcoins painful downturns expose reality instead of hiding it.　　Mallers Says Bitcoins Pain Has a Purpose　　Mallers wrote that he originally drafted the essay on July 11, before resigning from Twenty One Capital, intending to publish it the following Monday. That plan changed after he was told to wait until his departure became public.　　In the opening note, he acknowledged that the company he believed he was building and the direction it ultimately took “were no longer the same,” leading him to step away. He also accepted responsibility for helping create expectations that “were not ultimately fulfilled,” while making clear that the essay was not intended as a defense of his decision.　　Instead, Mallers used Bitcoins latest bear market as a lens through which to examine leadership, conviction, and failure. Although BTC is trading almost 50% below its all-time

07-24Industry

Police group, crypto association back revised CLARITY Act as support broadens

The revised CLARITY Act has gained backing from both the National Fraternal Order of Police [FOP]and the National Cryptocurrency Association [NCA], with the two organizations endorsing the legislation for different reasons.　　The FOP said changes to the latest version of the bill addressed its concerns over law enforcement powers. At the same time, the NCA argued the legislation strengthens consumer protections and provides clearer rules for the digital asset industry.　　Police group says revised bill strengthens enforcement powers　　In a letter dated July 24, the National Fraternal Order of Police, which represents more than 382,000 law enforcement officers, urged Senate Banking Committee Chairman Tim Scott and Ranking Member Elizabeth Warren to support the revised CLARITY Act.　　The organization said it had reviewed changes to the Blockchain Regulatory Certainty Act [BRCA] provisions and was satisfied that they would not limit law enforcement agencies‘ and prosecutors’ ability to investigate crimes involving digital assets.　　Source: X　　The FOP also highlighted provisions covering anti-money laundering and sanctions compliance, digital asset kiosks, seizure and tracing authorities, temporary transaction holds requested by law enforcement and new grant and training programmes aimed at strengthening digital asset investigations.　　According to the letter, the revised legislation also establishes a digital asset cyber innovation center. It clarifies

07-24Industry

Bitfinex completes El Salvador licence set across three markets

Bitfinex has secured a Digital Asset Service Provider licence in El Salvador, completing a local regulatory structure covering spot trading, crypto derivatives and tokenized securities.　　SummaryBitfinex now holds Salvadoran approvals spanning spot trading, derivatives and regulated tokenized securities services locally.CNAD registered two core Bitfinex entities in April, adding them to existing licensed operations there.El Salvador remains central to Bitfinexs Latin American strategy for trading and tokenized capital markets.　　The exchange announced the approval on May 12, after the National Commission of Digital Assets registered two Bitfinex-linked operating entities on April 23.　　The new approval brings the core Bitfinex trading platform alongside Bitfinex Securities El Salvador and Bitfinex Derivatives El Salvador. Bitfinex said the structure gives the group a regulated presence across its main businesses in the country, although product access will still depend on customer eligibility, location and the platforms terms.　　You might also like:　　Bitcoin price retreats to $65K ahead of $1.2B options expiry　　Core Bitfinex platform joins regulated local entities　　El Salvadors CNAD public registry lists BFXNA El Salvador under registration PSAD-0082 and BFXWW El Salvador under PSAD-0083. Both registrations cover activities that include exchanging digital assets, operating trading platforms, transferring assets, custody, receiving client orders and executing trades in digital asset derivatives.　　The registry entries

07-24Industry

Ex-Sushi CTO Joseph DeLong to Launch Order Book DEX on Robinhood Chain

The former SushiSwap CTO described the decentralized exchange as a side project that ‘outgrew nights and weekends,’ with no specs, contract, or token disclosed.　　Joseph DeLong, the former SushiSwap CTO who now runs stablecoin card startup Colossus, said he will launch a decentralized exchange called Deepstate on Robinhood Chain next week.　　“I have a decentralized exchange side project that outgrew nights and weekends. Im gonna launch it next week on @robinhood chain,” DeLong wrote on X on July 24, linking to a whitepaper published on GitHub.　　A Fully Onchain Order Book　　The whitepaper, dated June 29 and authored by DeLong, specifies a limit order book that lives entirely in smart contract storage. Each resting order is packed into a single 32-byte word — price tick, quantity, a rounding-correction code, and a time-priority nonce — and stored in a binary radix tree keyed by price and arrival order. The design offers 4.3 billion logarithmically spaced price ticks and caps the work each trade performs at the trees fixed 64-bit depth, an attempt to keep gas costs bounded no matter how many orders rest on the book.　　Fully onchain central limit order books remain rare on EVM chains because every storage read and write costs gas. Most

07-24Industry

India Arrests Dubai Man in Global Crypto-Hawala Crackdown

ED arrests Dubai resident in crypto-hawala probe tied to narcotics money laundering across India, Brazil and Thailand.　　Indias Enforcement Directorate has arrested a Dubai resident in a sweeping crypto-hawala crackdown.　　Nihal V.N. now faces charges under the Prevention of Money Laundering Act, 2002. Investigators allege he laundered drug proceeds through crypto and foreign exchange transfers.　　The Goa Zonal Office carried out the arrest as part of a wider narcotics money laundering probe. A Special PMLA Court in Goa has remanded him to ED custody until July 28, 2026.　　Crypto Wallets Linked to International Drug Cartels　　According to a press release, the ED says Nihal V.N. worked as a key financial node for international drug syndicates. He allegedly converted cash from illicit drug sales in India into cryptocurrency and forex.　　Investigators claim the funds then moved to cartels and suppliers in Brazil and Thailand. Those networks reportedly used the money to finance high-grade narcotics and synthetic drugs for smuggling into India.　　Forensic teams have already traced multiple crypto wallets tied to the alleged scheme.　　Officials also flagged offshore bank accounts and domestic shell entities used to move the funds. The agency describes the accused as an operational bridge between Indian drug proceeds and overseas suppliers.　　Digital evidence collected so far

07-24Industry

The Safest States For Retirement And The Tax Risk Most Rankings Miss

Where should you retire？ A new analysis from CareScout suggests that retirement security extends beyond investment portfolios and healthcare costs.　　getty　　For decades, Americans choosing where to retire have weighed familiar questions: Which states have lower taxes？ Where are homes still affordable？ What is the weather like？ How close is the nearest grandchild？　　Increasingly, another question is drawing attention: How safe is it to grow older there？　　A new analysis from CareScout suggests that retirement security extends beyond investment portfolios and healthcare costs. Using seven measures—including elder fraud, violent crime, property crime, police staffing, fall-related deaths, traffic fatalities involving older drivers and hospital capacity—the report ranks the safest and most challenging states for retirement in 2026.　　While the overall rankings are worth a look, one finding stands out: Fraud targeting older Americans continues to climb, making financial crime one of the defining risks facing retirees.　　Fraud Has Become A Retirement Planning Issue　　Retirement has traditionally focused on the basics, like saving enough money, managing investments and stretching a retirement nest egg over a longer lifespan. But keeping that money has become increasingly difficult.　　According to CareScouts analysis, reported property crimes involving adults age 60 and older increased from 473.7 incidents per 100,000 seniors in 2015 to 769.8 in

07-24Industry

XRP ETF Gains Investment From Kansas-Based Wealth Manager

Kansas-based wealth manager Leisure Capital Management has revealed a position in Franklin Templetons XRP ETF during the second quarter of the year.　　According to a newly filed regulatory form with the U.S. Securities and Exchange Commission, Leisure Capital Management held 16,745 shares of the Franklin XRP Trust ETF (XRPZ). They were valued at roughly $206,000 as of June 30.　　The investment is not significant, but it shows that XRP is gaining more and more acceptance.　　Robinhood CEO Breaks Silence on Crypto Hack　　Cash Cat (CASHCAT), Solana (SOL), XRP and Dogecoin (DOGE) Price Analysis for July 24: Recovery Hype Goes Out　　The Overland Park, Kansas-based wealth management firm manages investment portfolios for individuals and institutions and holds traditional equities, bonds and ETFs.　　Its XRP ETF position appeared alongside holdings in major companies including Apple, Microsoft, Nvidia and Amazon.　　More institutional interest　　Earlier in July, Realta Investment Advisors reported a position in the REX-Osprey XRP ETF with more than $260 million in reported holdings.　　Vista Finance also disclosed exposure to the Franklin XRP Trust ETF, holding 129,958 shares worth approximately $11.45 million.　　You Might Also Like　　Brookstone Capital Management revealed a $71 million XRP ETF position. At the same time, CPR Investments disclosed a $363,000 position in the ProShares Ultra XRP ETF.　　Institutional activity

07-24Industry

South Korean Won: Strong GDP and inflows support Won – Commerzbank

Commerzbank reports that South Koreas advance Q2 GDP rose 0.6% quarter-on-quarter and 3.7% year-on-year, beating expectations. Robust AI-related semiconductor demand and resilient domestic spending underpin growth. The strong data support prospects of a further 25bp Bank of Korea hike in August. USD/KRW fell to 1,475, with the Won aided by portfolio inflows into bonds and equities.　　Growth surprise bolsters BoK hike case　　“The advance Q2 GDP rose 0.6% qoq sa (Bloomberg consensus: 0.4%) vs 1.8% in Q1. This suggests that growth momentum remained resilient despite energy supply disruptions.”　　“On an annual basis, the economy expanded 3.7% yoy (Bloomberg consensus: 3.5%) vs 3.8% previously. The Ministry of Economy and Finance (MoEF) recently upgraded its 2026 growth forecast to 3.0% from 2.0%, reflecting the stronger outlook for exports and investment.”　　“On monetary policy, the strong Q2 GDP reading supports the case of another 25bp hike to 3.0% by the Bank of Korea (BoK) at the 27 August meeting. At the previous meeting, Governor Shin Hyun-sung described August as a ”live“ meeting, reinforcing the BoKs data-dependent approach.”　　“With growth remaining resilient, inflation above target, and the AI-driven export boom broadening into wages and domestic demand, policymakers have scope to continue normalising policy.”　　“In FX, USD-KRW fell 0.2% to 1,475

07-24Industry

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