Author: John Smith

Piero Cipollone has warned that stablecoins could drain bank deposits as Coinbase fell 1.75% to $157 and Circle lost 6% across five sessions to trade near $60. Summary Piero Cipollone warned that growing stablecoin use could pull deposits away from traditional banks. Coinbase shares are testing $157 support, with Compass Point maintaining a $140 downside target. Circle remains inside a descending channel as Mizuho forecasts a potential drop to $50. The European Central Bank executive board member raised the concern during a July 17 speech at the Federation of Cooperative Credit Banks in Rome, where he linked increased stablecoin use…

Ripple Payments Europe has joined 14 other firms in ESMA’s latest MiCA register update, lifting the number of approved crypto asset service providers to 294. Summary ESMA added Ripple Payments Europe and 14 other firms to its MiCA register. Ripple can now provide regulated crypto services across 29 EU countries. AMLA warned that post-MiCA customer migration could strain compliance systems. ESMA’s updated register identifies Ripple Payments Europe SA as an authorized crypto asset service provider, allowing the company’s European payments unit to offer regulated crypto services across 29 EU countries. The authorization follows Ripple’s earlier approval in Luxembourg under the…

Galaxy Digital has signed a 15-year agreement to rename Texas Tech’s football venue Galaxy Stadium from the 2026 season. Summary Galaxy Digital secured naming rights to Texas Tech’s football stadium for 15 years. Galaxy will support AI, digital asset, athlete and workforce programs at the university. The deal expands Galaxy’s presence near its 1.6-gigawatt Helios data center. According to Friday’s announcement, the deal also makes Galaxy the official digital assets and data center partner of Texas Tech Athletics. Financial details were not disclosed. We’re excited to share Galaxy is now the official data center and digital assets partner of @TechAthletics…

Augur has returned with a proposed resolution system and a two-month token migration test as prediction markets draw increased institutional scrutiny. Summary Augur has returned with a decentralized layer for resolving disputed prediction-market outcomes. REP holders are testing the system through a two-month Moon Fork migration. Wall Street banks are tightening employee rules as insider-trading concerns grow. According to a press release shared with crypto.news, the Lituus Foundation announced the relaunch alongside the Augur Lituus whitepaper, which outlines a settlement layer for prediction markets facing disputed outcomes. Under the proposed system, markets could resolve contested events without depending on a…

SpaceX stock has fallen nearly 5% to a post-IPO low of $125 after the company aborted Starship’s 13th test flight shortly before liftoff. Summary SpaceX stock fell nearly 5% to $125, slipping below its $135 IPO price. SpaceX aborted the Starship launch after two Super Heavy booster engines failed to ignite. Elon Musk confirmed engine replacements ahead of another launch attempt scheduled for July 20. SPCX has slipped below its $135 initial public offering price and lost about 35% over the past 30 days. The decline extends a losing streak that began after enthusiasm surrounding SpaceX’s public debut cooled and…

Dogecoin price has fallen 3.17% to $0.071 on July 17 as its exchange-traded funds completed one month without recording fresh inflows. Summary Dogecoin price fell 3.17% to $0.071 as its ETFs completed one month without fresh inflows. T. Rowe Price allocated 1.28% of its new active crypto ETF to DOGE. A break below $0.0711 could expose Dogecoin to declines toward $0.070 and $0.068. SoSoValue data shows that U.S. Dogecoin ETFs attracted no new capital between June 17 and July 17, despite the meme coin gaining additional exposure through T. Rowe Price’s newly launched active crypto fund. The products also posted…

SBI Holdings has acquired a majority stake in Coinhako after securing regulatory approval for the Singapore crypto exchange deal on July 16. Summary SBI Holdings acquired a majority stake in Coinhako after receiving approval from Singapore’s financial regulator. Coinhako gives SBI a licensed base for expanding digital asset services across Southeast Asia. The deal complements SBI’s JPYSC stablecoin, Ondo partnership, and Solana-based JX equity token According to SBI Holdings, the transaction involved a capital injection through SBI Ventures Asset Pte. Ltd. and the purchase of shares from Coinhako’s existing investors. Coinhako will now operate as a consolidated subsidiary of the…

Solana price has fallen nearly 4% to about $74 after a rejection near $77, as a global technology sell-off and leveraged long liquidations have pushed traders toward caution. Summary Solana price tests $74 support after losing its rising trendline and facing weak four-hour momentum. A recovery above $76.50 could trigger short liquidations and drive SOL toward $78–$80. Losing $74 would expose the daily Supertrend support at $69.60 and deepen downside risks. According to data from crypto.news, Solana (SOL) price extended its decline on July 17 after failing to hold above the $76.50–$77 resistance area. Selling accelerated as semiconductor shares led…

He built the app that made stock trading free, sat at the center of the GameStop crisis, launched a blockchain, dismissed memecoins, embraced one six days later, and runs an AI company chasing mathematical superintelligence on the side. Summary Vlad Tenev is co-founder and CEO of Robinhood Markets, the brokerage that popularized commission-free trading and now runs its own blockchain, roughly 28 million customers across 38 countries. He co-founded the company with Baiju Bhatt. Before it was Robinhood, they called it CashCat, a discarded name that a memecoin resurrected in 2026. Robinhood was at the center of the 2021 GameStop…

Taiwan has sentenced the alleged mastermind behind the BitShine crypto exchange to 22 years in prison after finding he led a fraud and money laundering operation that prosecutors said caused more than NT$1.27 billion ($39 million) in losses to over 1,500 victims. Summary A Taiwan court has sentenced the BitShine crypto exchange ringleader to 22 years in prison over a NT$1.27 billion fraud and money laundering scheme. Prosecutors said more than 1,500 victims were defrauded after funds were converted into USDT and moved overseas through the exchange. The ruling comes after Taiwan approved a new licensing framework that strengthens oversight…