Cryptocurrency News & Live Updates
Synopsis
Kraken is reportedly seeking to raise $500 million, targeting a valuation of $15 billion, following a favorable court ruling that eased regulatory challenges.
In recent developments, Kraken is preparing to raise $500 million in funding, aiming for a $15 billion valuation, buoyed by a recent court ruling that dismissed a lawsuit from the SEC. This comes as institutional interest in cryptocurrency grows, supported by new regulations like the GENIUS and CLARITY Acts. Meanwhile, Revolut is considering acquiring a U.S. bank to expedite its banking license acquisition, enhancing its foothold in the American market. On the technological front, Linea has unveiled its tokenomics, focusing on a unique dual-burn mechanism for ETH and LINEA, while ensuring that its governance is managed by a consortium rather than a DAO. Additionally, the cryptocurrency community mourns the loss of Dan Hughes, founder of Radix Network, who passed away unexpectedly. Lastly, recent data indicates diverging trends in wallet holdings, with a decrease in Bitcoin wallets and an increase in Ethereum wallets, reflecting shifting investor behaviors. Together, these stories highlight the evolving landscape of the cryptocurrency market, marked by regulatory changes, innovative projects, and community developments.
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Kraken Aims for $500M Funding at $15B Valuation
Kraken is reportedly seeking to raise $500 million, targeting a valuation of $15 billion, following a favorable court ruling that eased regulatory challenges.
Revolut Eyes U.S. Bank Acquisition for License
Revolut is exploring the possibility of acquiring a U.S. bank to expedite its banking license acquisition in the United States, aiming to strengthen its foothold in the American financial landscape.
LINEA Tokenomics: 85% for Ecosystem, 15% for Treasury
LINEA, the Ethereum layer 2 network by ConsenSys, has unveiled its tokenomics, utilizing ETH for gas and implementing a dual-burn mechanism to enhance ETH’s value while linking LINEA’s worth to actual usage.
Radix Network’s Dan Hughes Has Died
Dan Hughes, the founder of Radix Network, passed away unexpectedly at home due to natural causes. He was a respected advocate for decentralized technology and instrumental in developing key technologies like Cerberus and the Radix engine.
Diverging Trends in Bitcoin and Ethereum Wallets
Recent data indicates a 1.61% decline in wallets holding at least 1,000 Bitcoin, while those with 10,000 Ethereum have increased by 8.00%, reflecting differing investor behaviors.
Federal Reserve Meeting Faces Unusual Dissent
The upcoming Federal Reserve meeting may see dissent from two board members, a rare occurrence in over three decades, as some members advocate for a rate cut amidst concerns about inflation.
Telegram’s Durov Interrogated in Paris Over Allegations
Pavel Durov, founder of Telegram, was interrogated by a French judge regarding claims of the platform’s involvement in criminal activities. He denies the allegations, calling them absurd, while his legal team challenges the case’s constitutionality.
Ethereum (ETH) Hits 3,800 USDT Mark
As of July 30, 2025, Ethereum has surpassed the 3,800 USDT threshold, currently trading at 3,801.95 USDT, reflecting a modest 0.58% increase in the last 24 hours.
AML Bitcoin Founder Sentenced to Seven Years
Rowland Marcus Andrade, founder of AML Bitcoin, has been sentenced to 84 months in prison for wire fraud and money laundering, having misled investors and misappropriated over $2 million for personal expenses.
BNB Hits 810 USDT with 1.78% Daily Drop
As of July 30, 2025, BNB has surpassed the 810 USDT mark, currently trading at 810.81 USDT, reflecting a slight 1.78% decrease over the past 24 hours.
South Korea Central Bank Launches Virtual Asset Division
South Korea’s central bank has created a virtual asset department within its Financial Payment Systems Bureau to explore stablecoin options for the Korean won, while also rebranding its digital currency research team.
Anchorage Digital Receives Major Bitcoin Influx
Foresight News reports that Anchorage Digital has acquired a significant transfer of 10,141 BTC from various wallets, totaling around $1.19 billion in value.
Ethereum Exceeds $3,800 with Daily Gains
Ethereum has recently surpassed the $3,800 threshold, currently trading at $3,800.17, reflecting a daily increase of 1.03%.
Anchorage Digital Accumulates Over 10,000 BTC
Anchorage Digital has gathered 10,141 BTC across various wallets in just nine hours, valued at around $1.19 billion at current market rates.
Bitcoin (BTC) Hits 118,000 USDT with Minor Dip
As of July 30, 2025, Bitcoin has surpassed the 118,000 USDT mark, currently trading at 118,012.78 USDT, reflecting a slight 0.02% decrease over the past 24 hours.
Ethereum (ETH) Hits 3,800 USDT Mark
As of July 30, 2025, Ethereum has surpassed the 3,800 USDT threshold, currently trading at 3,801.95 USDT, reflecting a modest 0.58% increase over the past 24 hours.
Tsinghua Expert Calls for Stablecoin Regulation
Zhang Jianhua from Tsinghua University argues that stablecoins, while not legal tender, should be treated with stricter regulations due to their quasi-currency characteristics.
White House Unveils First Crypto Policy Report
The White House is releasing its inaugural cryptocurrency policy report today, coinciding with July’s ADP employment data, which could impact market dynamics. Major cryptocurrency holders are adjusting their positions significantly.
Argo Blockchain Risks Nasdaq Delisting Over Low Stock Price
Argo Blockchain (ARBK) has received a delisting notice from Nasdaq due to its stock price remaining below $1, failing to maintain the required price for 30 consecutive days. Currently, ARBK’s stock is priced at $0.31, reflecting a 4% decline since the notice.
SEC Greenlights Physical Redemption for Bitcoin and Ethereum ETFs
The SEC has approved a mechanism allowing Bitcoin and Ethereum ETF investors to redeem shares for the actual digital assets, enhancing liquidity and flexibility in the market.
BTC-USD Trading Volume Surges in U.S. Hours
Foresight News reports that the BTC-USD trading pair’s share of global trading during U.S. hours has increased from 41.4% in 2021 to 57.3%, highlighting the U.S. market’s growing impact on Bitcoin trading.
BNB Falls Below 800 USDT Amid Market Fluctuations
As of July 30, 2025, BNB has dipped below 800 USDT, currently trading at 799.83 USDT, reflecting a 2.74% decline over the past 24 hours.
Regulators Caution Against Stablecoin Investment Risks
Recent warnings from financial regulators highlight the dangers of investing in stablecoin schemes that promise high returns but may involve illegal activities and significant risks.
Canadian National Found Guilty of Crypto Theft
Cameron Redman, a Canadian hacker, has been convicted and ordered to pay restitution after stealing access to prominent accounts, resulting in millions in losses.
ChatGPT Launches New Interactive Learning Mode
ChatGPT has unveiled an interactive learning mode aimed at enhancing student comprehension through guided questioning and scaffolded responses. This feature is currently available to various user tiers and will soon be accessible to ChatGPT Edu users.
Strategy Launches Major IPO, Boosts Bitcoin Holdings
Strategy (MSTR) has completed a significant IPO, raising approximately $2.521 billion by offering 28 million shares of its Series A perpetual preferred stock, ‘STRC,’ while also acquiring 21,021 Bitcoins valued at around $2.46 billion.
Tornado Cash Co-Founder’s Court T-Shirt Sparks Debate
Roman Storm’s trial has ignited discussions over a T-shirt he wore, featuring a washing machine graphic and a phrase linked to Tornado Cash, which prosecutors argue signifies money laundering involvement.
QPR Embraces Blockchain for Enhanced Fan Engagement
Queens Park Rangers partners with TokenFi to explore asset tokenization, aiming to transform fan engagement into a tradable market, with plans for digital ownership of club assets.
Hyperliquid API Outage Halts Trading, HYPE Drops
Hyperliquid’s API failure paused all trading for 27 minutes, leading to a 5% drop in HYPE token value, raising concerns about the platform’s reliability.
Lummis Bill Pushes Crypto into Mortgage Approvals
Senator Lummis introduces a bill requiring federal housing agencies to consider cryptocurrency in mortgage evaluations, aiming to modernize homeownership for younger Americans amidst concerns from critics about market stability.
Spark Token Price Plummets Amid Rising Staking Inflows
The Spark (SPK) token has fallen over 57% this month, now priced at $0.08075, despite a significant increase in staking market capitalization, which rose to $155 million.
Injective Price Retreats After ETF Surge
Injective (INJ) saw a nearly 5% decline in 24 hours following a sell-off after a spike driven by ETF news, dropping from highs of $16.35 to lows of $13.88.
180 Life Sciences Transforms into ETHZilla with $425M Ethereum Investment
180 Life Sciences is shifting from biotech to crypto, planning to invest $425 million into Ethereum and rebranding as ETHZilla to create a significant corporate ETH treasury.
Bitcoin’s Low Volatility Indicates Possible Breakout
Bitcoin’s implied volatility index has dropped to its lowest since September 2023, suggesting a potential breakout. The current market conditions reflect a historically bullish accumulation phase, with signs of structural evolution and confidence among short-term holders.
Tron Price Surge Explained by CryptoQuant
Tron (TRX) has surged to $0.3500, marking a 75% increase from its yearly low, driven by record transaction volumes and strong stablecoin activity.