crypto

Nigeria Implements New Crypto Tax Guidelines for Digital Asset Platforms

Nigeria has implemented new tax guidelines for virtual assets, requiring crypto platforms to collect and remit taxes, including some in digital tokens.

Bitcoin Price Dips Amid US Stock Pressure and Asian Market Divergence

Bitcoin dropped to a two-week low as US stocks faced pressure, despite a rebound in Asian markets. Crypto trading activity increased amid Asian market fluctuations, with analysts observing a growing link between crypto liquidity and broader tech sentiment. Japan and Korea intervened in currency markets, while central banks maintained interest rates. Despite a strong July, some analysts predict a potential Bitcoin price reversal in August, citing historical patterns and resistance at the 50-month EMA.

Bitcoin Stabilizes Near $65,000 Amidst Economic Data and Geopolitical Considerations

Bitcoin stabilized near $65,000 as softer U.S. economic data eased Federal Reserve rate hike concerns. Analysts noted Bitcoin's resilience amidst broader market corrections and thinning summer liquidity. The FOMC held rates, with economic indicators suggesting a cooling economy, while altcoins showed mixed performance.

Ethereum and Bitcoin ETFs See Outflows After Inflow Streaks, Japan Eyes Spot Bitcoin ETFs

US-listed spot Ethereum ETFs ended a five-day inflow streak with $70.62 million in outflows, though weekly inflows remained positive. Bitcoin ETFs also saw outflows but maintained a three-week inflow streak. Japan's regulatory reforms could lead to an $18.4 billion spot Bitcoin ETF market.

Real-World Assets Surpass Crypto Trading Volume on Hyperliquid

Real-world assets (RWAs) recently comprised 54% of Hyperliquid's weekly trading volume, marking the first time non-crypto assets dominated the decentralized exchange. This RWA trading volume, totaling $26 billion, surpassed the combined crypto perpetual volume of all other decentralized exchanges. The shift is attributed to Hyperliquid's HIP-3 framework, which facilitates external teams in building perpetual markets for tokenized traditional assets.

Storj Files for Chapter 11 Bankruptcy Amidst Token Price Decline

Decentralized storage provider Storj initiated Chapter 11 bankruptcy proceedings, leading to a nearly 19% drop in its STORJ token. The company aims to resolve legacy obligations while maintaining core operations and restructuring ownership.

Samsung Wallet to Integrate Stablecoin Support

Samsung Wallet will integrate stablecoin support, including USDC, building on previous crypto initiatives and coinciding with the launch of the Galaxy Card.

U.S. Spot Bitcoin ETFs Experience Net Outflows Amid Macroeconomic Concerns

U.S. spot Bitcoin ETFs recorded net outflows of $465 million over two days, primarily driven by BlackRock's IBIT, as macroeconomic concerns intensified. This outflow activity reversed nearly half of the preceding week's inflows, with analysts pointing to U.S.-Iran tensions, rising oil prices, and potential Federal Reserve rate hikes as contributing factors. Despite the outflows, the ETFs ended the week with a net positive balance.

EU Sanctions HTX Over Alleged Russian Sanctions Circumvention

The European Union has sanctioned the cryptocurrency exchange HTX, prohibiting transactions for EU individuals and companies starting August 23. This action, part of the EU's 21st sanctions package, identifies HTX as a financial institution frustrating restrictions related to Russia's invasion of Ukraine. The move follows earlier UK sanctions against Huobi Global S.A. and allegations from TRM Labs regarding wallet rotations.

World Foundation Secures $52.5 Million in WLD Token Sale for Global Expansion

The World Foundation has raised $52.5 million in a strategic WLD token sale, with all purchased tokens subject to a one-year lockup. The funding aims to expand World ID technology globally, coinciding with the project's three-year anniversary. The initiative has faced regulatory scrutiny regarding its biometric data collection.

Galaxy Research Reduces Clarity Act Passage Odds to 30% Amid Senate Deadline

Galaxy Research has lowered its projection for the Clarity Act's passage to 30%, citing the approaching Senate recess and the need for a concerted legislative effort.

Bitcoin ETFs Record Outflows Amid Geopolitical Tensions

U.S. spot Bitcoin ETFs experienced $225.2 million in net outflows on July 23, ending a seven-day inflow streak. BlackRock's IBIT led the outflows, while Morgan Stanley's MSBT recorded inflows. Spot Ethereum ETFs, however, continued their inflow streak. The Bitcoin outflows coincided with broader market declines influenced by geopolitical tensions, with Bitcoin's price briefly dipping below $65,000. Market sentiment, as measured by the Crypto Fear & Greed Index, also reflected increased fear. This recent activity follows a period of significant outflows earlier in the year, and upcoming Federal Reserve decisions are expected to impact Bitcoin's near-term outlook.

Bitmine Reports $45.7 Million in Q2 Ethereum Staking Revenue

Bitmine Immersion Technologies reported $45.7 million in revenue from Ether staking and validation in the last quarter, following the March launch of its institutional Ethereum staking platform. Staking revenue accounted for 98% of total revenue for the three months ending May 31. The company has staked 85% of its ETH holdings, approximately 4.9 million Ether, with projected annualized rewards of $284 million once fully staked. This marks a significant shift from previous revenue streams, coinciding with the launch of MAVAN, an institutional-grade Ethereum staking platform. The chairman also highlighted the performance of Robinhood Chain, which has exceeded $1 billion in dollar volume since its July 1 launch, demonstrating Ethereum's utility.

Crypto Institutions Prioritize Operational Security Amid Audit Shortcomings

Institutional investors are shifting their focus beyond smart contract audits, with a Hacken report indicating that traditional trust signals have not reliably prevented crypto exploits. The report highlights that compromised keys and infrastructure were responsible for the majority of stolen funds in Q2 2026, prompting a reevaluation of security due diligence.

MetaMask Introduces Yield-Bearing Money Account on Monad Blockchain

MetaMask has introduced Money Account, a new feature that integrates stablecoin yield, payments, and trading directly into its self-custody wallet. This initiative offers users a variable APY of up to 4% through DeFi lending protocols and allows direct spending via the MetaMask Card. The launch signifies a strategic move to transform digital wallets into comprehensive financial applications, expanding MetaMask's functionalities beyond traditional crypto holding and trading.

Telegram to Integrate Native Non-Custodial Gram Wallet

Telegram founder Pavel Durov announced a new native, non-custodial Gram wallet for all Telegram apps, targeting over one billion users with instant, zero-fee crypto transactions. This development follows a rebranding of Toncoin back to Gram and aims to integrate cryptocurrency payments directly into the messaging platform. The announcement led to a temporary price increase for Gram, though the coin remains significantly below its previous highs.