crtypto & forex news

South Korea is taking a major step toward stablecoin oversight and digital currency development. According to a July 29 report from Yonhap News, the Bank of Korea has announced the installation of a new virtual asset division within its Financial Settlement Bureau. The newly formed division will monitor the broader crypto market and lead internal discussions specifically focused on the development and regulation of Korean won-based stablecoins. As part of a broader organizational shift, the central bank will rename its Digital Currency Research Lab to the Digital Currency Lab starting July 31. This change is intended to reflect a transition from pure research toward more business-oriented development. Additionally, Team 1 and Team 2 of the former Digital Currency Technology Division will be restructured into two new units: the Digital Currency Technology Team and the Digital Currency Infrastructure Team. These teams will focus on privacy-preserving technologies, deposit-token platfor...

Ripple CEO Brad Garlinghouse has made it clear that Ripple is not partnering with SWIFT , the global messaging system considered the backbone of cross-border banking. According to a clip at an old Ripple Swell event now circulating among XRP investors on the social media platform X, Garlinghouse emphasized that Ripple is not working with SWIFT but instead aims to replace it. This comes as Ripple is starting to increase its global push , expanding partnerships with banks and financial firms while also securing a new US patent on instant cross-border payments. Ripple Targets SWIFT’s Flaws Garlinghouse pulled no punches as he detailed the shortcomings of SWIFT’s infrastructure, describing it as slow, costly, and prone to human error. “SWIFT has a reported error rate of 6%,” he noted, citing insights from a Fortune 50 CFO who observed an even higher 11% failure rate in their company’s cross-border transactions. These failures often demand manual intervention, leading to delays and unnec...

The White House released a detailed crypto report on Wednesday that outlines a comprehensive framework for regulating and advancing digital assets in the United States.  This initiative is part of President Donald Trump’s broader commitment to establish the US as the “crypto capital of the world.” However, ABC News has found that the report notably lacks information on a contentious proposal to create a federal digital asset stockpile. Report Urges Regulators To Clarify Crypto Rules In a briefing with reporters, officials emphasized the report’s potential to guide policymakers in ensuring the United States leads in blockchain technology. “By implementing these recommendations, policymakers can usher in the Golden Age of Crypto,” they stated. The report offers a range of recommendations aimed at structuring cryptocurrency markets and clarifying regulatory roles among federal agencies, particularly the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Co...

Since the beginning of July, Ethereum has been on a bullish trajectory, experiencing an over 54% increase in the past month. After breaking past key resistance levels, the second-largest crypto asset appears to have found stability above the $3,700 mark. While ETH has displayed a powerful rally over the past weeks, major investors have been turning up at a rapid rate. Large Ethereum Investors Are Expanding Ethereum’s price has displayed robust resilience, holding strong above crucial resistance levels such as $3,700. Its notable resilience is now being backed by a steady increase in large investors often regarded in the crypto sector as whales. The rise in whale wallet addresses holding large amounts of ETH was reported by Santiment, a leading market intelligence and on-chain data platform, on X. This growth indicates a renewed wave of confidence from high-net-worth investors towards the altcoin leader. With institutional and high-net-worth participants reentering the market, th...

Tron continues to dominate the stablecoin landscape, with another $1 billion in USDT minted just yesterday—bringing the total minted on the network in 2025 to a staggering $23 billion. This marks the strongest year for USDT supply expansion on Tron since the peak of the 2021 cycle. With this latest mint, the total USDT supply on Tron now stands at $81.7 billion, further solidifying its position as the leading blockchain for Tether issuance. Historically, large-scale USDT mints have been viewed as bullish signals for the broader crypto market. These events often precede periods of increased liquidity, signaling that traders and institutions are preparing fresh capital for strategic deployment. As USDT acts as a primary on-ramp into crypto markets, its expansion is closely watched as a proxy for incoming demand. The timing of this mint is especially important, coming as Bitcoin consolidates near all-time highs and altcoins show growing volatility. With capital ready on the sidelines, ...

Many cryptocurrencies have shown signs of strength over the past few weeks, but Litecoin has been relatively quiet. After climbing above $125 in mid-July, Litecoin began to fade, gradually declining to around $110. This price pullback, though not particularly dramatic, extended Litecoin’s months-long pattern of tight consolidation and hesitant movement.  However, the recent reappearance of a new technical signal on the monthly chart could suggest that this quiet phase is the calm before a storm for Litecoin’s price action. Tony “The Bull” Points To Familiar 2017 Trend According to crypto analyst Tony “The Bull” Severino, Litecoin’s Average Directional Index (ADX) on the monthly candlestick timeframe has bounced on the 20 level once again. The reaction to this seemingly average threshold is important because more often than not, it has signaled the start of a powerful trend for Litecoin.  Specifically, Severino pointed to similarities with the ADX signal that preceded Li...

RAKBANK (National Bank of Ras Al Khaimah), one of the UAE’s leading commercial banks, has announced plans to launch a new crypto brokerage service—shocking the industry and signaling a major step forward in the integration of traditional finance (TradFi) with the digital asset space. This bold move positions RAKBANK alongside a growing list of institutions embracing crypto, as investor demand for regulated and user-friendly access to digital assets continues to rise. The upcoming service, set to be offered directly through the RAKBANK app, will allow clients to buy and trade crypto seamlessly in AED, offering exposure to top cryptocurrencies with minimal friction. The announcement comes at a key moment in the market: Bitcoin continues to consolidate just below its all-time highs, while altcoins show renewed volatility. Against this backdrop, news of TradFi adoption and institutional support strengthens long-term investor confidence. For many, RAKBANK’s entry into the space represents...

Ethereum’s recent upside price performance is attracting significant interest from major investors in the cryptocurrency and financial sectors, particularly at the institutional level. Multiple big companies have been spotted acquiring the leading altcoin in huge chunks for the purpose of owning an ETH treasury reserve. BTCS Inc. Scoops Up Another 14,240 Ethereum In a bold move that underscores its commitment to blockchain infrastructure, BTCS Inc., a blockchain technology company, has acquired a large quantity of Ethereum. Coin Bureau, a crypto enthusiast, reported the company’s latest ETH purchase on the social media platform X, igniting optimism within the community. This strategic acquisition strengthens the company’s standing as one of the few publicly traded blockchain infrastructure companies, focusing on an ETH treasury reserve. Furthermore, the company’s latest acquisition indicates a growing institutional belief in the future of the altcoin.  Given that Ethereum is...

The digital asset investment space maintained its upward trajectory last week, with inflows into crypto investment products reaching $1.9 billion, according to the latest data published by CoinShares. This marks the 15th straight week of positive net inflows, indicating sustained institutional interest even as market conditions remain volatile. The report highlights a significant surge in capital deployment compared to previous months, with July’s month-to-date total already at $11.2 billion, setting a new monthly record. James Butterfill, head of research at CoinShares, emphasized the magnitude of these flows, noting they have already surpassed the $7.6 billion seen in December 2024, which had been buoyed by post-election optimism in the United States. However, despite the strong overall figures, regional flow dynamics revealed mixed investor behavior. While the US and Germany collectively attracted over $2 billion, other regions such as Brazil, Canada, and Hong Kong experienced ...

A long-standing issue concerning the XRP Ledger (XRPL) and Ripple has resurfaced, challenging the widely held belief that blockchain records are permanent and immutable. New attention is being drawn to the early days of the XRPL, where the first 32,569 ledgers were lost due to a technical mishap. As debates over transparency and trust in blockchain intensify, the controversy has reignited across the X social media, drawing direct attention from Ripple’s Chief Technology Officer (CTO) , David Schwartz. Ripple CTO Responds To XRP Ledger Controversy A fresh wave of scrutiny has emerged around the XRP Ledger after renewed concerns surfaced about the loss of its earliest transaction history. A report shared on X highlighted that the ledger is still missing potentially thousands of transactions. According to the report, due to a mishap in XRPL’s early development , ledgers #1 through #32,569 were lost—effectively erasing around the first week of activity. The earliest surviving ledger, #...

In Beijing, prosecutors have jailed eight people for running a year‑long Bitcoin scam that drained over 140 million yuan—around $20 million—from a short‐video platform and then funneled the cash into crypto. According to a White Paper released by the People’s Procuratorate of Haidian District, the case ranks among the most complex anti‑corruption cases handled between 2020 and 2024. What began as simple bonus approvals inside the company turned into a year‑long scheme that hid stolen funds behind shell firms and digital currencies. Insider Power Opened Loopholes Based on reports , an employee named Feng held sole control over service‑provider onboarding, bonus qualifications and payout approvals. He quietly tweaked bonus policies to create gaps that only he and two outside helpers, Tang and Yang, could exploit. Fake documents flowed in with private data that Feng leaked. Then the trio rerouted bonus payments into made‑up accounts, instead of rewarding real work. By the time audit...

Ethereum is quietly transforming from a hub of speculative activity into the foundational settlement layer for traditional finance (TradFi). With its secure infrastructure , growing regulatory alignment, and network effects, ETH is proving it can securely and efficiently handle large-scale institutional settlements.  How Ethereum Became the Rails for Tokenized Treasuries In an X post , crypto trader MoonKing recently highlighted a significant trend in the financial world, stating that Ethereum is becoming the settlement layer for traditional finance (TradFi). Since January, the tokenized real-world assets (RWAs) on Ethereum have surged 20-fold, and the momentum shows no signs of slowing down.  The capital flows that were once confined to testnets and pilots are now moving decisively into production-level deployments on the ETH mainnet. This transition is supported by real yield and a growing regulatory traction, which together are driving greater institutional confidence. ...

Bit Digital, a computing infrastructure firm long associated with Bitcoin mining, is shifting gears and transitioning to Ethereum. The company has begun offloading Bitcoin reserves and significantly increasing its exposure to Ethereum.  However, according to additional equity financing plans filed with the US Securities and Exchange Commission (SEC), it’s clear that Bit Digital’s pivot to ETH is just beginning. The timing could be more better , as Ethereum is currently gaining momentum in both price and institutional support. SEC Filing Reveals Ongoing ETH Accumulation Plan Bit Digital’s transition to Ethereum began in earnest earlier this month. On July 8, Bit Digital sold 280 BTC worth roughly $172 million to acquire over 100,600 ETH. That initial purchase was followed by an additional 19,683 ETH on July 18, bringing the company’s Ethereum holdings to approximately 120,306 ETH. Interestingly, these purchases have now placed Bit Digital among the top ten publicly known corporat...

The bull cycle was deemed over when the price of Bitcoin tragically fell toward $75,000 earlier in March 2025. Having notched an all-time high of above $100,000, most investors feared that the premier cryptocurrency had already reached its top for the current cycle. Contrary to popular belief, the price of Bitcoin has since forged multiple new all-time highs, with the current record high at around $122,800. Interestingly, the now-popular market consensus is that it is only a matter of time before the BTC price reaches a seven-figure valuation. How Will Bitcoin Hit $1 Million In 10 Years? In a recent post on the X platform, Blockware Bitcoin analyst Mitchell Askew has joined a growing list of experts to put forward a $1 million projection for the premier cryptocurrency. According to the analyst, the price of BTC is expected to achieve this major milestone over the next 10 years. What’s interesting is that Askew expects the Bitcoin price to reach a $1 million valuation in the next ...

Hayden Davis, creator of the LIBRA token, has now described the crypto project as a memecoin in a recent court filing as part of a legal strategy to counter a class-action lawsuit. The American crypto entrepreneur and marketer continues to draw negative attention and remains under investigation following the highly questionable launch and crash of LIBRA in February 2025. Davis’ Clash With US Private Investor Forces LIBRA Memecoin Admission – Report The LIBRA project gained much popularity following public promotion by Argentine President Javier Milei on X, on February 14, 2025. The crypto token’s value soared to $5 in a few hours following its launch before plummeting to nearly $0. Since then, the nation’s leader has distanced himself from the crypto project while even authorizing an investigation into the event by the nation’s anti-corruption office. According to local Argentine media Clarin , Omar Hurlock, a US private investor, through American law firm Burwick Law , has since i...

Besides storing digital assets, crypto wallets tell stories about the occurrences or trends in the cryptocurrency market. Even more interesting are the stories told by wallets of the bigger participants — the whales. Tracking the transactions of these addresses can offer insight into market sentiment, as they often act as silent signals of future trends. For instance, whales of two of the largest cryptocurrencies — Ethereum and Cardano — seem to be telling some stories at the moment — two different yet related tales. Diverging Paths — ETH Whales Slowly Exit, While ADA Giants Enter In a recent post on X, the social media platform, Alphractal CEO & founder Joao Wedson shared on-chain insights into a growing divergence in the activities of Ethereum and Cardano’s whales. The relevant indicators here are the ETH and ADA Large Holder Share Top100 metrics, which track the percentage of Ethereum’s and Cardano’s total supplies held by the top largest wallets. This metric is particularl...

Ethereum is entering a volatile phase after a powerful multi-week rally. Following a sharp surge that began in late April, ETH recently hit a local high near $3,850 before pulling back slightly and now consolidating below the $3,750 mark. While some investors fear the rally may be losing steam, others see this pause as a healthy step before another leg up. Top crypto analyst Ted Pillows shared data showing that Ethereum’s on-chain volume has skyrocketed by 288% in just three weeks—a signal of growing activity and renewed interest. This spike in volume suggests that Ethereum’s network is heating up again, fueled by institutional capital flows and market-wide momentum. With legal clarity improving in the US and macroeconomic conditions favoring risk-on assets, Ethereum appears to be in a strong position. Analysts argue that this recent consolidation could offer an ideal entry point before further upside, especially as altcoins regain strength and capital rotates back into ETH. Altsea...

Bitcoin has experienced massive volatility following confirmation that Galaxy Digital executed the sale of 80,000 BTC on behalf of a long-term client. The firm’s July 25 press release revealed that the transaction, one of the largest notional Bitcoin sales in history, was successfully completed and immediately shook the market. The news quickly spread across the crypto space, triggering speculation and sharp price fluctuations. At its peak, Bitcoin recently touched the $123,000 mark, but the announcement spurred heavy selling and raised concerns that this might mark a local top. Short-term holders began realizing losses as the price pulled back, while analysts debated whether this historic exit signals distribution at the top or merely a healthy pause in a longer bull trend. As Galaxy’s role in the transfer becomes clearer, attention turns to the broader implications. Many market participants now wonder if more legacy holders are preparing to exit and what impact this may have on Bi...

Pro-Ripple lawyer Bill Morgan has drawn attention to a new US Securities and Exchange Commission (SEC) S-1 filing by Wellgistics Health (WH) , calling it a major sign of XRP’s growing real-world use. According to the filing, the company plans to use XRP not just as a treasury reserve but for real-time payments and income generation.  Pro-Ripple Lawyer Weighs In On XRP Filing In a July 25 X social media post , Morgan shared his take on Wellgistics Health’s S-1 filing submitted to the US SEC a day earlier. He argued that this goes beyond the standard use of XRP as a treasury reserve asset . According to Morgan’s analysis, the document reveals a multifaceted strategic vision that embeds XRP deeply into the company’s financial infrastructure and operational model.  Unlike companies that merely hold crypto as a hedge or speculative asset, Wellgistics Health plans to integrate XRP into various core functions. Firstly, the company intends to use the XRP Ledger (XRPL) to impleme...

According to a Wyoming lawmaker’s recent Fox Business interview , Bitcoin can help people protect their savings from rising prices. Senator Cynthia Lummis pointed out that the digital token does not depend on any central bank or government. This view comes at a time when many Americans feel the pinch of higher living costs and a weaker dollar. Decentralized Money Option Based on reports, Lummis highlighted Bitcoin’s open ledger and hard cap of 21 million coins. She explained that these features give holders clear visibility and predictable supply. She said average families are looking for ways to stretch their budgets. Bitcoin’s model, she argued, could offer a fresh path when everyday expenses climb. Market Numbers Reflect Growing Demand Bitcoin’s price is nearing the $118,000 after slipping 1.41% over the past day. Trading volume reached over $100 billion, a jump of more than 35% in 24 hours. According to data from crypto exchanges, this busy activity shows more people watch...

Financial services firm River has published a “Bitcoin Ownership Distribution” snapshot dated July 14, 2025, illustrating how the 21 million bitcoin supply is allocated across distinct holder classes. River accompanied the graphic with the statement: “The people had 15 years to front-run Wall Street on Bitcoin. Now big business is starting to catch on, but they’ll have to pay up to get their share.” Analyst TFTC added: “67% of Bitcoin is still owned by individuals. Wall Street, governments, and corporations? Just 13.8%.” Who Really Owns Bitcoin? According to River’s visualization , individual holders remain the dominant base, controlling 14.06 million BTC, or 67.0% of total supply. Institutional and state-linked ownership is far smaller in aggregate: businesses hold 1.15 million BTC (5.5%), funds and exchange-traded funds control 1.43 million BTC (6.8%), and governments account for 314,000 BTC (1.5%), for a combined 13.8% across those “Wall Street, governments, and corporations” cate...