Author: John Smith
Cardano is showing renewed holder growth after a sharp June selloff. According to Santiment, the network added 14,783 more non-empty ADA wallets after its June 23 bottom. Summary Cardano added 14,783 non-empty ADA wallets after its June low, showing renewed retail activity. ADA rebounded toward $0.20 after falling to levels not seen since 2020 last month. Community fear remains tied to governance tension, Hoskinson comments and wider doubts over ecosystem funding. The on-chain data came as ADA recovered from recent lows. Santiment said the token pushed back toward $0.20 for the first time in about a month and had risen…
South Africa’s Revenue Service has published draft guidance on how crypto assets should be taxed under the country’s current tax laws. The proposal seeks public feedback until August 31, 2026, before SARS moves toward a final version. Summary SARS says crypto is not currency, keeping digital assets inside income and capital gains rules. The draft treats trades, swaps and crypto payments as possible tax events under current law. Public comments remain open until August 31 as South Africa clarifies crypto tax reporting. The draft does not create a new crypto tax law. It explains how current rules under theIncome Tax…
XRP traded near $1.13 on July 5, according to crypto.news market data. The token was down 1.04% over 24 hours but remained up 7.79% over seven days. Its market cap stood near $70.26 billion, while 24-hour volume was about $1.67 billion. Summary XRP’s current price near $1.13 keeps the token below the key $1.20 weekly average. A weekly death cross could turn the 200-week SMA from support into future resistance. Crypto.news analysis keeps $1.10, $1.20 and $1.40 as key levels for XRP traders. The price remains close to a key technical zone after a short recovery from the $1 area.…
U.S. spot Bitcoin ETFs recorded about $527 million in net outflows over the four trading days ending July 2. The loss marked the eighth straight negative week for the funds and set their longest weekly outflow run since launch. Summary Bitcoin ETFs posted their eighth weekly outflow, even after July 2 brought renewed daily inflows. IBIT extended its redemption run, while Fidelity and ARK funds led the rebound day overall. Ether ETFs also stayed negative for the week, but Hyperliquid products still attracted new capital. The weekly decline came even after the products returned to daily inflows on July 2.…
Revolut has confirmed it will remove Tether’s USDT from eligible European accounts after new European Union crypto rules took effect under the Markets in Crypto-Assets (MiCA) framework. Summary Revolut will delist USDT for eligible European users under the EU’s MiCA regulations. Users can buy USDT until July 6 and withdraw or sell holdings until Aug. 31. Tether also recently froze 131 TRON wallets after new U.S. sanctions targeted ISIS-K-linked addresses. According to an email sent by Revolut to affected customers, the fintech company will phase out support for USDT over the next two months, giving users until Aug. 31 to…
CryptoQuant has reported that Bitcoin’s realized profit and loss ratio has dropped to a 43-month low of -0.35, a level that has historically appeared near major market bottoms. Summary CryptoQuant says Bitcoin’s realized P&L ratio has fallen to a 43-month low, a level previously seen near market bottoms. U.S. spot Bitcoin ETFs recorded $221.7 million in inflows, ending a 10-day outflow streak as Bitcoin rebounded. Bitwise CIO Matt Hougan says reduced leverage could signal the final stage of Bitcoin’s correction before a potential fall rally. According to blockchain analytics platform CryptoQuant, Bitcoin’s realized profit and loss ratio has fallen to…
India has opened an investigation after reports alleged that Indian nationals were trafficked into Myanmar and forced to carry out crypto fraud operations inside cyber scam compounds. Summary India has launched an investigation into reports that Indians were trafficked to Myanmar and forced into crypto scam operations. Victims allegedly accepted fake overseas job offers before being moved to cyber scam compounds where passports were confiscated. Authorities in India, Myanmar and the U.S. have stepped up efforts to disrupt cyber scam networks tied to cryptocurrency fraud. According to police in the western Indian state of Maharashtra, authorities have registered a criminal…
President Donald Trump’s memecoin has generated a reported $636 million payout for him while nearly 1 million buyers have collectively lost $3.81 billion, according to newly analyzed blockchain data and financial disclosures. Summary Nansen said nearly 989,000 TRUMP memecoin wallets lost a combined $3.81 billion by the end of June. Trump’s 2025 financial disclosure reported a $636 million payout from the TRUMP memecoin and at least $1.4 billion in crypto-related income. The disclosure has renewed political scrutiny, with Sen. Kirsten Gillibrand pushing for stricter ethics rules in pending crypto legislation. According to a report by The New York Times, citing…
On June 30, more than 140 companies, including Visa, Mastercard, Stripe, BlackRock, Google, and Circle’s most important ally, Coinbase, unveiled a stablecoin designed to give away the exact revenue stream Circle lives on. CRCL cratered 17% in a day and is down nearly 40% on the month. This is the story of how a moat made of partnerships gets drained by the partners. Summary More than 140 major firms backed Open USD, a shared-economics stablecoin that directly challenges Circle’s reserve-yield business model. Circle’s stock plunged after the launch, as investors priced in the risk of partners capturing stablecoin reserve income…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Gold’s modern market history reflects decades of price swings shaped by inflation, interest rates, central bank actions, and geopolitical events. Summary Gold’s post-1971 history reflects decades of inflation, monetary policy, crises, and shifting investor sentiment. Gold prices have been shaped by inflation, central bank policies, and geopolitical events since leaving the gold standard. From Bretton Woods to the 2008 crisis, gold’s market history highlights the impact of macroeconomic and policy shifts. In open markets, gold has only been on…