Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
United States News
The United States has maintained the highest gross domestic product in the world since 1871, making it a critical player in the evolution of commerce, finance and technology. The U.S. has been home to some of the most successful, long-standing crypto exchanges and other businesses in the industry.
Over 10 years later, the role of Bitcoin (BTC) in the U.S.’s evolution into digital finance and commerce is still unclear, as U.S. cryptocurrency regulation is still inconsistent, hazy or, at best, done in a patchwork fashion across the 50 states and other territories.
Stay tuned as Cointelegraph covers all the important updates and stories regarding the regulation, maturation and evolution of the crypto space.
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REX Shares will launch the first US staked crypto ETF this week, giving investors direct exposure to SOL with staking rewards.
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Bitcoin adoption grew considerably in June, with 26 firms adding it to their balance sheets; meanwhile, Bitcoin’s hashrate fell 15%.
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The new compliance solution may cut billions in compliance costs for institutions looking to invest in the crypto economy.
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Human Rights Foundation’s Alex Gladstein told a group of US political leaders that Bitcoin has “essentially saved” citizens living under dictatorships.
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Trump praised Bitcoin and cryptocurrencies in a Friday press conference and said Bitcoin may help relieve pressure on the US dollar.
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The crypto exchange company is often used as a proxy to gauge the health and growth of the nascent crypto industry in the United States.
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Dwayne Golden sentenced to nearly eight years for defrauding investors in EmpowerCoin, ECoinPlus, and Jet-Coin schemes totaling over $40 million.
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XRP spiked on Friday after Ripple CEO Brad Garlinghouse said the company is “closing this chapter once and for all” in its legal battle with the US regulator that began in December 2020.
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Several Democratic lawmakers have said they will oppose passing crypto regulations unless potential conflicts of interest are resolved.
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Nick van Eck, co-founder and CEO of Agora, behind one of the stablecoins Anchorage said it would phase out, claimed inaccuracies and an inconsistently applied framework.
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The Trump family–tied decentralized finance platform has seen growing interest from institutional investors.
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One investment adviser says Coinbase stock is looking strong despite being “due for a pullback,” but other analysts are more skeptical.
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Mounting macroeconomic risks, declining Bitcoin miner revenues, and cautious sentiment among investors could trigger a sharp BTC price correction.
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Pradeep Bhandari, spokesperson for India’s ruling BJP party, called for a Bitcoin reserve pilot and clarity on the country’s “taxed but unregulated” approach to crypto.
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