Author: John Smith

Top crypto tokens continued their bull run on July 17, despite Bitcoin pulling back by over 1% to $117,000. Ethereum (ETH) price jumped by 8% to $3,400, while Ripple (XRP) surged by 10% to $3.25. Other top altcoins like Floki (FLOKI), Curve DAO, and Fartcoin (FARTCOIN) jumped by over 15%. Cryptocurrencies are climbing on rising hopes that the House of Representatives will vote in favor of the GENIUS Act. House Republicans voted to advance the bill, which is expected to be voted on Thursday and signed into law by Friday. It would mark the first major crypto-related bill to pass…

U.S. stocks opened mostly flat on Thursday as investors balanced upbeat sentiment with caution around tariffs. The Dow Jones Industrial Average gained 140 points, while the S&P 500 remained flat as Wall Street assessed a series of earnings reports from major banks and tech giants. The Nasdaq Composite was also little changed, up 0.12% with the muted trading coming on the back of the index hitting a new all-time high amid bullish Nvidia news and earnings. While key inflation data this week had buoyed investor sentiment, uncertainty lingers as President Donald Trump increases pressure on the Federal Reserve to cut…

Donald Trump is preparing to sign an executive order that would open the $9 trillion U.S. retirement savings market to alternative assets, including cryptocurrency, gold, and private equity. According to a July 17 Financial Times report, the order would instruct federal agencies to examine and remove regulatory barriers that prevent 401(k) plans from incorporating digital assets and other non-traditional investments. This move marks Trump’s most recent attempt to increase cryptocurrency adoption and further incorporate it into the American financial system. If enacted, the policy would allow professionally managed retirement plans to include a broader range of asset classes beyond public…

Many firms now hold Bitcoin as a reserve asset, but markets care how they hold it, a Nansen report shows. Bitcoin (BTC) is rapidly becoming a core part of the traditional financial system. According to a recent report by Nansen, new regulatory standards and macroeconomic factors have changed how corporations view Bitcoin exposure. This has led to the largest firms holding over 700K BTC. Collectively, Strategy, Marathon Digital, Twenty One Capital, Riot Platforms, and Metaplanet own Bitcoin worth about $81.9 billion. Strategy, formerly MicroStrategy, controls the lion’s share of these holdings, with 601,550 BTC. Still, not all of these companies…

Ondo Finance is set to launch its USDY tokenized Treasury product on Sei, adding to a growing list of supported networks that includes Ethereum, Solana, Mantle, and Sui. According to a press release shared with crypto.news, Ondo Finance’s flagship tokenized US Treasury product, United States Dollar Yield (USDY), is launching on the Sei (SEI) Network. This marks the first time a tokenized Treasury Bill product will be natively integrated into the ultra-fast Layer-1 blockchain with TVL exceeding $670M and 821% YoY growth.  USDY, which combines the accessibility of stablecoins with the yield and investor protections of traditional finance, currently boasts…

BitMine now holds 300,657 ETH worth $1 billion, eclipsing the Ethereum Foundation’s $665 million holdings. This corporate accumulation raises new questions about influence over Ethereum’s future direction. On July 17, BitMine Immersion announced that its Ethereum (ETH) holdings had surpassed $1 billion, more than triple the $250 million it raised in a private placement just a week earlier. The Nevada-based company disclosed a total of 300,657 ETH on its books, overtaking the Ethereum Foundation’s treasury balance, which stood at approximately $665 million as of July 15, according to Arkham Intelligence. The milestone, which BitMine reached by leaning into its new…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepeto presale tops $5.5m as crypto whales bet on this utility-packed cross-chain memecoin. Memecoins are again turning heads. While often dismissed as speculative fun, large investors (crypto whales) are recognizing their growth potential. Among the hottest names right now is Pepeto, a cross-chain meme token that has already pulled in over $5.5 million during its presale. Currently priced at $0.000000141, Pepeto brings more than memes to the table. With staking rewards, smart utility features, and multi-network reach, it’s gaining traction…

Why did a routine house vote on crypto bills stretch over nine hours, and what does it reveal about internal Republican politics? Summary Instead of an hour, the vote took over nine hours, because of internal disagreement within the Republican Conservative Republicans, particularly from the Freedom Caucus, opposed unclear language in the GENIUS Act that they feared could allow the Federal Reserve to issue a digital dollar. Trump brokered a compromise by proposing to include anti-CBDC language in a separate bill, helping shift Republican holdouts and allowing the vote to pass. The legislation includes the GENIUS Act (stablecoin regulation), the…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana rallies, but rising star XYZVerse could outperform with massive upside potential ahead. Solana’s impressive rise toward significant price milestones has captured attention, but a new contender is emerging that could exceed these achievements. XYZVerse is generating excitement for its potential to surpass established players. This article explores how XYZVerse might go beyond current expectations and why it could become a standout in the cryptocurrency market. Memecoin XYZ targets major exchange listing as presale nears $15m XYZVerse (XYZ), a…

The U.S. Department of Justice has sentenced a former rugby player to 30 months in prison for defrauding investors out of $900,000 in a crypto mining Ponzi scheme. Shane Donovan Moore, a 37-year-old semi-professional rugby player from Seattle, operated a fraudulent company called Quantum Donovan LLC between January 2021 and October 2022, a July 17 DOJ statement alleged.  Moore used his ties within the rugby community to build trust and recruit victims across several states, including Washington, Utah, Oregon, Connecticut, and New Jersey. According to federal prosecutors, Moore told investors their money would be used to purchase and operate cryptocurrency…