Category: Bitcoin News

Bitcoin Rally Will ‘Continue Higher’ Despite Drop to $122K

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Key takeaways: Bitcoin dropped to $122,500 on Tuesday, but onchain data shows no signs of an overheated market. The resistance at $135,000 remains the main BTC price barrier for now, with key support around $120,000. Market analysts said Bitcoin’s upside remained intact despite the 1.7% correction from its all-time high of $126,200 reached on Monday. BTC/USD hourly chart. Source: Cointelegraph/TradingView Bitcoin to see a “small pullback” before continuing higher “BTC has been in an up-only mode,” with the price printing just one red candle in the past 11 days,” said…

How XRP’s Regulatory Clarity Opened the Doors to Institutional Adoption

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How regulatory clarity propelled XRP past ETH XRP (XRP), introduced by Ripple Labs in 2012, was designed as a fast and cost-effective digital asset for cross-border transactions. However, its growth was hindered by a 2020 lawsuit from the US Securities and Exchange Commission, which alleged that Ripple had conducted unregistered securities offerings. The multi-year case left XRP’s regulatory status uncertain, discouraging banks and funds from using its payment network. Portfolio managers viewed XRP as a high-risk asset, limiting its growth compared to other cryptocurrencies, particularly Ether (ETH). While XRP was…

BNY Eyes Blockchain for Real-Time Tokenized Payments

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BNY, the largest custodian bank in the world, is exploring tokenized deposits to enable clients to transfer funds instantly, 24/7, while easing constraints of its legacy systems. Carl Slabicki, executive platform owner for Treasury Services at BNY, told Bloomberg that the project is part of an effort to upgrade real-time and cross-border payments, aiming to move a portion of its $2.5 trillion daily payment flow onto blockchain rails. Tokenized deposits can help “banks overcome legacy technology constraints, making it easier to move deposits and payments across their own ecosystems –…

Binance-Backed BNB Becomes 3-d Largest Coin By Market Cap

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BNB, the native cryptocurrency of the BNB Chain — the layer-1 blockchain developed by Binance — has climbed to become the third-largest digital asset by market capitalization. After breaking above $1,100 for the first time on Friday, BNB (BNB) achieved a new major milestone on Tuesday by overtaking Ripple-backed XRP (XRP) as the third-largest crypto asset by market cap. At the time of publication, BNB traded at $1,326, up nearly 30% in the past seven days, with a market capitalization of $182 billion, according to CoinGecko data. This breakthrough coincides…

Bitcoin Open Interest in Focus as Bulls Battle for $124,000

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Key points: Bitcoin takes stock of its latest gains after reaching fresh all-time highs above $126,000. $124,000 emerges as the essential battleground for Bitcoin bulls. ETF flows and overall institutional demand will be key for the bull run going forward, says analysis. Bitcoin (BTC) cooled its quest for price discovery Tuesday as traders hoped for a market reset. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin open interest in focus at record highs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $125,000 into the Wall Street open. Fresh all-time highs…

Aster Delisting Exposes DeFi’s Growing Integrity Crisis

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The fight for dominance among decentralized derivatives exchanges has taken a new turn after data aggregator DefiLlama delisted Aster, citing concerns over data integrity. Aster, a derivatives decentralized exchange (DEX) backed by YZi Labs (formerly Binance Labs), recently surged in trading volume to overtake Hyperliquid, which has been hailed as one of the crypto industry’s breakout stars. But on Sunday, DefiLlama founder 0xngmi said on X that Aster’s reported volumes mirrored those of Binance’s perpetuals market, prompting the platform’s removal. The delisting has since sparked a broader debate about the…

Time2Build to Pay for Open Source Bitcoin LN Integration

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Industry initiative Time2Build is paying developers to integrate the Breez Bitcoin Lightning Network software development kit (SDK) into existing open-source projects, aiming to drive lasting adoption rather than short-term experimentation. According to a Tuesday announcement shared with Cointelegraph, the initiative is not a hackathon or a developer bounty. Instead, it pays developers for contributing to existing open-source projects and adding Bitcoin (BTC) features to them. Only code accepted by project maintainers is rewarded, ensuring that Lightning Network features actually reach users. A representative told Cointelegraph that “eligible open-source projects must…

India To Launch RBI-Backed Digital Currency, Official Says

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The Indian government expressed renewed skepticism toward cryptocurrencies like Bitcoin as it prepared to launch new digital currency initiatives backed by the Reserve Bank of India (RBI). India will soon launch an RBI-backed digital currency, India’s Commerce Minister Piyush Goyal said in a roundtable during his visit to Qatar, local news agency The Hindu reported on Tuesday. In a separate development, the RBI plans to launch a pilot on deposit tokenization on Wednesday, RBI’s chief general manager of the fintech department, Suvendu Pati, reportedly said. According to Reuters, the RBI…

SharpLink’s ETH Treasury Nears $1B in Unrealized Gains

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SharpLink Gaming’s Ether holdings surged in value as the cryptocurrency climbed nearly 4.5% in the past 24 hours, pushing the company’s unrealized gains close to $1 billion. On Tuesday, the company said its unrealized profit from its Ether (ETH) purchases has surpassed $900 million since it initiated its accumulation strategy on June 2.  Strategic ETH Reserve data shows that SharpLink holds 838,730 ETH on its balance sheet, worth around $3.93 billion at current prices. This makes the company one of the largest holders of ETH, with 0.69% of the asset’s…

Vaneck-Backed AI Raises $5M, After Harvard, MIT Cancer Breakthrough

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Crunch Lab, the core contributor behind CrunchDAO, raised $5 million in a strategic funding round to advance its decentralized artificial intelligence predictions network, a system credited with contributing to cancer research breakthroughs at Harvard University and Massachusetts Institute of Technology (MIT). The new round of capital brings the protocol’s total funding to $10 million, which will be used to build an institutional “intelligence layer” for decentralized AI, the company said in a Tuesday announcement shared with Cointelegraph. The round was co-led by Galaxy Ventures and Road Capital, with participation from…