Coins

In brief Ethereum treasury companies have acquired 1% of all ETH in circulation in just two months, with holdings worth nearly $9 billion approaching 2% of total supply. Standard Chartered’s Geoff Kendrick predicts ETH treasury holdings could grow 10-fold to eventually own 10% of all ETH, potentially pushing prices above $4,000. Leading treasury companies include […]

In brief Ethereum layer-2 network Linea aims to be the future home to the world’s Ethereum capital. The network unveiled some token details and mechanisms designed to support ETH and LINEA. Ethereum-aligned companies like SharpLink Gaming, ENS Labs, and Eigen Labs will collectively steward 75% of the LINEA token distribution as part of the Linea

In brief Billionaire asset manager Ray Dalio has argued that investors should allocate at least 15% of their portfolios to gold and Bitcoin, as a hedge against macroeconomic risks. Dalio argued that rising government debts have not been priced into global markets. The Bridgewater Associates founder added that he is “strongly preferring” gold over Bitcoin,

In brief Bitcoin and Ethereum ETFs hit a record $11.2 billion in monthly inflows in July, with Ethereum ETFs pulling in $1.6 billion last week alone. Ethereum ETFs have already surpassed their entire 2024 performance with $7.8 billion in inflows this year, with ETH’s smaller market cap making it easier to move. Solana and XRP

In brief Solana co-founder Anatoly Yakovenko dismissed meme coins and NFTs as “digital slop,” in a discussion with Coinbase’s Jesse Pollak. Pollak defended platforms like Zora, calling content “incredibly valuable” and coins “the most powerful technology” for enabling value transfer to creators. Despite Yakovenko’s criticism, Solana remains deeply tied to meme coin activity, with launchpad

In brief A new report from TRM Labs found that Kyrgyzstan appears to be serving as a front for crypto platforms linked to shuttered Russian exchange Garantex. Russia-linked activity accounts for almost all of Kyrgyzstan’s crypto industry, which was “virtually nonexistent” prior to the invasion of Ukraine in 2022. Experts told Decrypt that Kyrgyzstan’s political

In brief BlackRock’s Ethereum ETF (ETHA) became the third-fastest ETF to reach $10 billion in assets, achieving the milestone in 251 days despite initial lukewarm reception compared to Bitcoin ETFs. MicroStrategy is raising up to $2.5 billion through a new preferred stock offering to buy more Bitcoin while facing class-action lawsuits over previous stock offering

In brief Sen. Warren acknowledged the need for crypto legislation but critiqued the industry’s influence on US politics. The senator claimed the GENIUS Act was an instance of the industry writing “its own legislation.” She compared it to another bill—the Commodity Futures Modernization Act of 2000—which may have indirectly influenced the 2008 financial crisis. Sen.

In brief Analysts noted Galaxy Digital and other large Bitcoin holders moved $3.7 billion worth of BTC to exchanges Friday morning, with 26,100 BTC sold at a loss by short-term holders. Bitcoin dropped 1.8% to $116,365 amid mounting selling pressure, while trading volume surged 37% to $131.6 billion in 24 hours. Over $531 million in

In brief XRP hit a new all-time high of $3.66 this week before retreating to $3.15 amid surging volumes and renewed market attention. Ripple CEO Brad Garlinghouse warned of scammers impersonating the firm on YouTube and other social sites. The cryptocurrency’s older retail base makes it especially vulnerable to social engineering, analysts told Decrypt. After