A senior Trump administration official confirmed Wednesday that the White House’s hotly anticipated crypto report, which is set to drop today, will not include any recommendations related to the federal government’s creation of a federal Bitcoin reserve or separate digital asset stockpile. Despite the sprawling report being “over 160 pages long,” according to the official, and containing “dozens of recommendations” related to crypto policy, it will not touch on one of the Trump administration’s...

Pudgy Penguins' PENGU token price prediction for 2025. We analyze the NFT brand's turnaround and a new crypto game.

Analysts at investment firm Compass Point reiterated a “neutral” rating for Marathon Digital on Wednesday, arguing that the firm’s focus on preparing for Bitcoin’s next halving relies on unproven strategies that may be hard for investors to immediately assess. On Tuesday, the Miami-based firm disclosed $238 million in second quarter revenue, a 64% jump from a year prior. Net income rose 505% to a record $808 million, partly due to a $1.2 billion gain in the fair value of Marathon’s Bitcoin holdi...

A Tennessee man charged with stealing millions of dollars worth of XRP from the widow of country music sensation George Jones has been further accused of stealing additional crypto tokens from the woman, including Shiba Inu (SHIB) and Ethereum (ETH).  Kirk West, who until weeks ago was the live-in lover of George Jones’ widow, Nancy Jones, was arrested Friday in Nashville for allegedly stealing $400,000 in cash and a Ledger wallet containing $17 million worth of XRP from a safe in Jones’ home....

Investors appeared to favor BackRock's IBIT over MSTR for BTC exposure.

The U.S. Department of Justice has pulled back from pursuing charges against venture firm Dragonfly for its early investment in crypto mixer Tornado Cash, according to a statement from the firm’s co-founder, Haseeb Qureshi. “The DOJ has now backtracked,” Qureshi tweeted Tuesday. “They have stated on the record in the trial Monday morning that the media reports that they were planning to bring charges against Dragonfly were inaccurate, and neither Dragonfly nor any of its principals are targets i...

Bitcoin, Ethereum, XRP, and other major cryptos slumped on Wednesday morning ahead of the Federal Open Markets Committee's monetary policy decision. Investors seem overwhelmingly sure the U.S. central bank will keep interest rates unchanged, according to the CME FedWatch Tool, which shows a 97% probability that the U.S. central bank will hold. Federal Reserve Chair Jerome Powell is expected to deliver his remarks around 2 p.m. Eastern Time. The Bitcoin price was recently trading at $117,700, dow...

Zora, a token launchpad on Coinbase’s Ethereum layer-2 network Base, accounted for more tokens created than Solana’s big hitters Pump.fun and LetsBonk on Monday. Last month, Zora created approximately 6,500 tokens every day, per Dune data, but on Monday it exploded to an all-time high of 51,575 tokens created in a single day. By comparison, LetsBonk created 22,554 and Pump.fun just 4,173—with Zora accounting for 67.7% of all token creations across Base and Solana. “This is the first time since e...

XRP just saw its biggest leverage flush since May - Is price about to rip?

JPMorgan Chase and Coinbase announced a deal Wednesday, allowing Chase customers to directly link bank accounts to their cryptocurrency wallets starting in 2026. The partnership "marks a significant step forward in empowering our customers to take control of their financial futures,” said Melissa Feldsher, Head of Payments and Lending Innovation for JPMorganChase, in a statement shared with Decrypt. She added that the program would enable Chase customers to "seamlessly and securely convert their...

Asset tokenization is unlocking trillions in finance. Learn how it turns bonds into tradable digital tokens.

Kraken, one of the world’s largest cryptocurrency exchanges, is reportedly planning to raise $500 million in a funding round at a $15 billion valuation. The exchange has not publicly commented on the potential round, which was first reported by The Information, citing anonymous sources. Founded in 2011, Kraken has a daily trading volume of $1.25 billion, according to CoinGecko. The news follows reports from Bloomberg earlier this year indicating that Kraken is targeting an initial public offeri...

Indonesia is tightening its grip on crypto trading with a tax overhaul that will hit offshore platforms with a five-fold rate increase, as the Southeast Asian nation seeks to capture revenue from its booming $39.67 billion crypto market. Beginning August 1, new finance ministry rules will impose a 1% levy on crypto sales through foreign exchanges, up sharply from the current 0.2%, while transactions on local platforms face increases from 0.1% to 0.21%, according to Reuters. The policy shift acc...

Authorities in Volusia County were compelled to return seized crypto and pay legal fees after a botched confiscation targeting a foreign business owner exposed serious procedural violations and lack of evidence. Attorney Leslie Sammis of Sammis Law Firm represented the EU-licensed brokerage company, whose Kraken account was frozen and seized in April.  The case details were revealed in a Tuesday post by the law firm, highlighting what Sammis called "the strange world of civil asset forfeiture....

Buyers returned, but futures traders are shorting XDC. Here are the details!

A Beijing court sentenced a former technology firm executive to 14 years and six months in prison on Tuesday for embezzling 140 million yuan (US$19.5 million) and laundering the funds through crypto. The executive, surnamed Feng, held responsibility for approving incentive payouts at a short video platform. Prosecutors said he colluded with external vendors to submit false claims and reroute corporate funds into accounts he controlled. The money was then converted into Bitcoin and other digital...

Ethereum is holding firm despite Bitcoin’s retreat, with analysts pointing to supportive market conditions this week that could accelerate its climb toward $5,000. While altcoins fumbled amid Bitcoin’s correction to $117,000 on Monday, Ethereum went against the tide, rallying nearly 3% from Tuesday’s low of $3,716. The move pushes the second-largest token closer to the $4,000 psychological level for the fourth time since March 2024. Several bullish fundamentals are now at play, Decrypt was told....

Visa has processed over $200 million in stablecoin settlements, but the payments giant says the technology is still in its infancy and awaits firmer regulatory guardrails before it can scale further. “It's still early, but we do see real potential,” CEO Ryan McInerney said Tuesday during Visa’s fiscal Q2 2025 earnings call. “On the one hand, $200 million is a great kind of milestone. On the other hand, it's still a relatively small portion of our overall settlement volume.” Visa posted strong fi...

A Bloomberg analyst stated that institutional investors will benefit more from the in-kind basis than retail.

Bitcoin and the broader crypto market remained at a standstill on Tuesday, even as constructive diplomatic discussions unfolded in Stockholm between the U.S. and China. Beijing's top trade official, Li Chenggang, reportedly said both sides agreed to work on extending a pause in tariffs beyond the August 12 deadline. The U.S. Treasury Secretary Scott Bessent, however, clarified that such an extension was discussed but “not decided.” A 90-day tariff pause remains intact, with a 30% tariff on Chine...