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Cryptocurrency News
Kraken
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Image Credit: Kraken
Strengthening sanctions compliance: Building for scale and trust
- Kraken has enhanced its global compliance framework to ensure a secure platform for its clients.
- The completion of a multi-year effort to improve sanctions compliance reflects Kraken's commitment to risk management and operational excellence.
- Kraken finalized commitments with the U.S. Department of the Treasury's OFAC to enhance sanctions controls, affirming its robust processes.
- The company's compliance efforts include advanced tools, internal controls, risk assessments, and engagement with regulators, aiming to become a trusted and secure leader in the crypto industry.
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TronWeekly
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Image Credit: TronWeekly
Ripple Taps OpenPayd: The Bold Move Transforming Enterprise Payments
- Ripple and OpenPayd have partnered to enhance enterprise-level cross-border payments by merging blockchain-driven payment systems with fiat platforms.
- The collaboration enables swift and compliant payment services for banks, fintech companies, and cryptocurrency firms worldwide, allowing seamless movement between fiat and Ripple's RLUSD.
- OpenPayd will leverage its instant payment rails and multi-currency accounts to support firms' payments, initially focusing on transactions in EUR and GBP, increasing speed and reliability in global transfers.
- The partnership also supports OpenPayd's stablecoin services, allowing businesses to convert fiat to RLUSD with ease and access various services via a single API, facilitating global treasury operations with reduced costs.
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TronWeekly
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Image Credit: TronWeekly
Is A Major Altcoin Season Brewing? Ethereum, Cardano And Arbitrum Remain At The Center Of Bullish Speculation
- The possibility of a major altcoin season is gaining momentum, with Ethereum, Cardano, and Arbitrum in the spotlight along with Remittix (RTX) which has raised nearly $16 million and is making waves in blockchain-based remittances.
- Ethereum (ETH) is expected to surpass $5,000 by 2025 due to its role in DeFi and Layer 2 innovation, driven by institutional interest and real-world finance adoption.
- Cardano (ADA) shows strong momentum with price projections between $2.00 and $2.47 by 2025, fueled by network upgrades and the development of DeFi apps and NFTs on the chain.
- Arbitrum forecasts a climb to $0.55 by 2025 as Ethereum's Layer 2 solution, offering faster, cheaper transactions and benefiting from the network demand without base-layer congestion.
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Coin Telegraph
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Image Credit: Coin Telegraph
Standard Chartered expects Bitcoin to hit new highs of $135K in Q3
- Standard Chartered predicts Bitcoin to reach new highs of $135,000 in Q3 and $200,000 by the end of 2025.
- The bank's digital asset research head highlights increased investor flows and dismisses the traditional halving cycle trend.
- Standard Chartered is bullish on Bitcoin in the long term, expecting it to reach $500,000 per coin by 2028.
- Bitcoin ETF inflows and corporate buying are seen as new driving factors amid potential choppy price movements in late Q3 and early Q4.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
IOTA Notarization Toolkit Takes on $440B Industry With Permissionless Proofs
- The launch of the IOTA Notarization is expected to revolutionize the $440 billion industry by 2030, reducing costs, enhancing security, and improving data integrity on the network.
- The IOTA Notarization toolkit, with its alpha release, offers two methods: Locked Notarization for immutability and Dynamic Notarization for updatable on-chain records.
- Industry applications include credentials, certifications, ownership, IP protection, legal compliance, IoT systems, Public Registry, Digital Twins, and Supply Chains.
- With a market potential projected to exceed $440 billion by 2030, IOTA's Notarization technology could transform notarization processes, offering cost-effective solutions and improved security for various sectors.
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18 Likes
Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Bitcoin Investors Sit on $1.2 Trillion in Unrealized Gains – Is a BTC Selloff Coming?
- Investors are holding $1.2 trillion in unrealized profits, indicating significant value waiting to be cashed in.
- Bitcoin's market cap has grown from $304 billion to $2.13 trillion, with $1.2 trillion in unrealized gains.
- Despite volatility, profit-taking has been subdued with long-term holders accumulating Bitcoin.
- Stablecoins, like Tether and USD Coin, are playing a significant role in the digital asset world, with new entrants like USD1 and USDY gaining traction.
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21 Likes
Bitcoinist
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Image Credit: Bitcoinist
Dogecoin Closes June In The Red With 14% Losses, Will July Be Any Better?
- Dogecoin closed June with a 14% loss, marking the ninth consecutive year of red closes for the month.
- Historical performance suggests more losses for Dogecoin in July, with average returns in the negative.
- Only four out of the last 11 years saw Dogecoin ending July in the green, indicating a higher likelihood of bearish trends in July 2025.
- The third quarter historically has been bearish for Dogecoin, with July signaling a potentially challenging period ahead for the meme coin.
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8 Likes
Newsbtc
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Image Credit: Newsbtc
Expert Explains Why Bitcoin Remains Stuck Below $120,000 Despite Wall Street’s Billions
- Bitcoin has struggled to surpass the $120,000 mark despite significant institutional interest and acquisitions through ETFs.
- A crypto analyst, DanteX, suggests that strategic selling in the $100,000 to $110,000 range is absorbing demand and hindering upward movement.
- Concerns arise about market exhaustion or distribution as summer, historically a weak period for cryptocurrencies, progresses.
- Record inflows into ETFs may not immediately impact Bitcoin's price due to substantial selling pressure, indicating a complex market dynamic.
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TronWeekly
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Image Credit: TronWeekly
What Is Remittix’s RTX Wallet And How Could It Help RTX Surplant XRP’s Foothold
- Remittix is introducing the RTX Wallet to simplify crypto transfers and make them more accessible for everyday payments, converting crypto directly into local fiat without the need for wallet addresses or exchange navigation.
- Remittix aims to disrupt XRP's position in payments by offering instant, low-cost global remittances with no institutional overhead, already processing cross-border settlements and targeting regions like Africa and Southeast Asia.
- The RTX Wallet is powered by the $RTX token, providing fee discounts, faster processing, and governance access to users, with a focus on utility and adoption to support scalability.
- Remittix's approach to solving real-world problems in money transfers could challenge XRP's dominance in the payment space by providing a more efficient and user-friendly alternative.
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15 Likes
99Bitcoins
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Solana ETF Rally Fades as Charts Signal Potential 20% Drop
- Solana (SOL) initially surged 5% on news of a Solana ETF but faced immediate resistance at $160, leading to a reversal back to the $144.5-$147.7 range.
- Despite the brief rally, SOL is trading near critical support and resistance levels, with potential downside targets at $124 or even $100 if the current support fails.
- The price action for SOL remains locked in a descending channel since May, with thin momentum and a reliance on Bitcoin's movement to determine its fate.
- Traders are closely monitoring the $144 support level, as a break below could trigger further downside for SOL, while a bullish scenario would require a break and close above $160.
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25 Likes
99Bitcoins
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SEC Grayscale deal Greenlights Multi-Asset Crypto: Debuts As US First
- The SEC has approved Grayscale's plan to convert its Digital Large Cap Fund (GDLC) into a spot ETF, giving everyday investors direct exposure to top digital assets.
- Grayscale's ETF includes Bitcoin, Ethereum, XRP, Solana, and Cardano, catering to traditional finance investors seeking regulated access to crypto assets.
- The SEC's approval of Grayscale's ETF reflects a growing demand from institutions and pension funds for clean entry points into the crypto market.
- The approval signals a potential influx of crypto ETFs beyond GDLC, indicating a shift towards mainstream adoption of cryptocurrencies in traditional finance.
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Insider
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Image Credit: Insider
Stocks are back near all-time highs. Here are 3 investing mistakes to avoid at the top.
- The S&P 500 is back near all-time high levels after a volatile first half of the year, with Wall Street strategists bullish on the second half but caution advised for potential risks.
- Investors are warned against three common mistakes: 1. Avoid waiting for a dip to buy more as timing the market is difficult. 2. Refrain from buying based on FOMO as chasing big winners without solid fundamentals can be risky. Dollar-cost averaging is emphasized as a strategy to minimize risk.
- 3. Don't forget to periodically rebalance portfolios, especially at all-time market highs, to avoid over-exposure to certain assets. Diversification is key to insulate from market fluctuations.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Zanzibar Signs with Tether to Push Digital Asset Adoption in Africa
- Tether has signed a memorandum of understanding (MoU) with the Zanzibar e-Government Authority to advance digital asset education and blockchain adoption in Africa.
- The partnership aims to integrate stablecoins like USDT and Tether Gold into local payments to enhance access to decentralized financial tools.
- Tether and Zanzibar will collaborate on training programs, curricula development, and engagement with universities and the business community to promote the use of stablecoins.
- The initiative aligns with Tether's global strategy, including investments in African fintech like Shiga Digital, Latin American startups, and a stake in Italian football club Juventus.
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1 Like
TronWeekly
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Image Credit: TronWeekly
Solana ETF Buzz Grows But Small-Cap Tokens Like RTX May Offer the Real Explosive Potential This Quarter
- The launch of the Solana ETF excited the market, but the response has been mixed.
- Solana saw a short-term spike before the ETF launch but has faced profit-taking since.
- Smaller tokens like Remittix (RTX) are gaining attention for providing real utility in the market.
- While the Solana ETF draws focus, Remittix's practical approach stands out, offering crypto-to-cash solutions.
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10 Likes
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