Cryptocurrency News & Live Updates
Synopsis
X Company faces a politically charged criminal investigation in France, accused of algorithm manipulation and fraudulent data extraction, which the company denies.
In a significant development, French authorities have initiated a politically motivated criminal investigation into X Company, alleging algorithm manipulation and fraudulent data extraction. This investigation, reportedly influenced by politician Eric Bothorel, raises concerns over user privacy and freedom of expression, as authorities seek access to X’s recommendation algorithm and user data for expert analysis. Meanwhile, in the cryptocurrency market, BNB has seen a positive trend, surpassing 770 USDT with a 2.67% increase in the last 24 hours. Additionally, Strategy has launched its IPO, issuing 5 million shares of STRC stock, with plans to use the funds for corporate purposes, including Bitcoin purchases. On the investment front, notable outflows have been reported from ARKB, GBTC, and BITB, indicating shifting dynamics in the market. Lastly, Ethereum has experienced a slight decline, trading below 3700 USDT, reflecting a daily decrease of 1.73%. These developments highlight the ongoing volatility and regulatory scrutiny within the cryptocurrency landscape.
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Investigation Launched Against X Company by French Authorities
X Company faces a politically charged criminal investigation in France, accused of algorithm manipulation and fraudulent data extraction, which the company denies.
BNB Hits 770 USDT with 2.67% Daily Rise
As of July 22, 2025, BNB has surpassed the 770 USDT mark, currently trading at 770.29 USDT, reflecting a 2.67% increase over the past 24 hours.
Strategy Launches IPO with 5 Million STRC Shares
Strategy has officially launched its IPO, issuing 5 million shares of STRC stock, with proceeds aimed at general corporate purposes, including Bitcoin purchases.
Major Investment Product Outflows Observed
Farside’s recent analysis reveals significant net outflows from key investment products, with ARKB losing $77.5 million, GBTC $36.7 million, and BITB $1.9 million.
Ethereum Sees Minor Value Drop
Foresight News reports that Ethereum’s price has dipped below 3700 USDT, currently trading at 3712.17 USDT, reflecting a daily decline of 1.73%.
GameSquare Boosts Digital Asset and NFT Strategy
GameSquare has acquired around 8,351 Ethereum (ETH) for approximately $30 million and increased its digital asset treasury authorization to $250 million, including a new $10 million NFT revenue strategy.
Goldman Sachs Warns of Threats to Fed Independence
Goldman Sachs has raised concerns that market participants increasingly perceive risks to the Federal Reserve’s independence, highlighted by a recent divergence in inflation swap rates and Treasury yields.
SEC to Take Cautious Approach to Tokenization
Castle Securities reports that the SEC is likely to proceed with caution regarding tokenization, aiming to establish formal regulations for tokenized assets.
Lido Addresses Vulnerability in Governance System
Lido has revealed a security flaw in its Dual Governance system’s RageQuit mechanism, though user funds are safe. The vulnerability, reported via Immunefi, has prompted Lido to implement mitigation measures and prepare for potential fixes.
Wall Street Journal Excluded from Trump’s Scotland Visit
The White House has excluded the Wall Street Journal from the press pool for President Trump’s upcoming Scotland trip, citing recent ‘false and defamatory’ reports regarding Trump and Jeffrey Epstein.
London Authorities Seize Crypto ATMs in Money Laundering Probe
Seven cryptocurrency ATMs were confiscated in southwest London, and two individuals were arrested on suspicions of money laundering and operating without FCA authorization.
Solana’s DeFi TVL Surges to $10B
Solana’s DeFi total value locked (TVL) has reached $10.453 billion, marking a six-month high, driven by a significant increase in SOL’s price and DEX activity.
Coinbase Introduces Bitcoin and Ethereum Perpetual Futures
Coinbase has launched perpetual futures trading for Bitcoin and Ethereum in the U.S., allowing eligible users to access these contracts through their Coinbase Financial Markets account starting July 21.
White House Supports Powell Amid Rate Cut Discussions
White House Press Secretary Levitt confirmed that President Trump has no intention of dismissing Federal Reserve Chairman Jerome Powell, stressing the importance of lowering interest rates.
Bitcoin (BTC) Falls Below 117,000 USDT
As of July 21, 2025, Bitcoin is trading at 116,969.52 USDT, reflecting a 1.31% decrease in the last 24 hours.
Smart Money Faces $12.48M Losses on Altcoin Shorts
A smart money address, known as @ai_9684xtpa, is experiencing unrealized losses of $12.48 million after shorting various altcoins, following a recent market rally.
BNB Falls Below 760 USDT Despite Minor Gains
As of July 21, 2025, BNB is trading at 759.03 USDT, reflecting a modest 1.23% increase over the past 24 hours.
Blockchain Group Increases Bitcoin Holdings by 22
The Blockchain Group has acquired 22 additional Bitcoin, raising its total to 1,955 BTC, valued at $233.5 million, with a staggering 1,373% yield year-to-date.
Thailand SEC Suggests Relaxing Crypto Investor Tests
The Thai SEC has proposed to exempt retail crypto investors from retaking knowledge tests if they have previously passed, shifting to a biennial suitability assessment instead of quarterly retesting.
RBA Under Pressure Ahead of Key Events
The RBA faces scrutiny after maintaining rates despite low inflation, with market participants awaiting policy meeting minutes and Governor Bullock’s speech for insights on potential rate cuts.
Gold Prices Hover Around $3,350 Amid Rate Cut Speculation
Gold is currently trading near $3,350 as speculation about potential U.S. interest rate cuts grows, drawing investor attention to safe-haven assets.
Trusta AI Launches on Binance Alpha with Airdrop
Trusta AI (TA) spot trading goes live on Binance Alpha at 15:00 (UTC+8) on July 21, with users holding 210+ Alpha Points eligible for a 750 TA token airdrop.
U.S. Banks Request Delay on Circle and Ripple Licenses
Major U.S. banking groups, including Bank of America, have urged the OCC to postpone decisions on Circle and Ripple’s bank charter applications, citing inadequate public information and differing business models.
Binance Halts Shentu (CTK) Transactions for Upgrade
Binance will temporarily suspend Shentu (CTK) network deposits and withdrawals starting July 22, 2025, to implement a network upgrade and hard fork aimed at improving user experience.
BNB Chain Upgrades Node Infrastructure with Weekly Snapshots
BNB Chain is enhancing its node infrastructure by introducing a weekly incremental snapshot feature, as outlined in the BEP-593 proposal, to streamline the node synchronization process.
Wall Street Surges Amid AI and Earnings Buzz
Stocks surged on Monday as investors shifted focus from tariff concerns to upcoming tech earnings, with the Dow up 220 points and tech stocks gaining momentum ahead of reports from Alphabet and Tesla.
H100 Group AB Secures $14.1M SEK for Bitcoin Strategy
The capital raised will enhance H100 Group AB’s ambitious Bitcoin Treasury Strategy, with the company currently holding around 370 BTC valued at $44.06M.