Author: Oscar

  • Ripple Partners with BNY Mellon to Back RLUSD Stablecoin

    Ripple Partners with BNY Mellon to Back RLUSD Stablecoin

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    Oscar

    Ripple has appointed the Bank of New York Mellon Corporation (BNY Mellon), a financial titan with over $43 trillion in assets under custody, as the primary custodian for its US dollar-backed stablecoin, RLUSD. The partnership was finalised on July 1 and publicly revealed on July 9, marking a major step in Ripple’s strategy to merge…

  • UAE Drives $34B Crypto Surge as Middle East Hits $338B

    UAE Drives $34B Crypto Surge as Middle East Hits $338B

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    Oscar

    The Middle East has stepped firmly into the global crypto spotlight, with the United Arab Emirates (UAE) spearheading an economic and technological shift towards digital assets. A new report by blockchain infrastructure firm Mining Grid reveals that the UAE recorded a staggering $34 billion (AED124B) in crypto inflows between July 2023 and June 2024. This…

  • SEC Reviews Truth Social’s Bitcoin-Ether ETF

    SEC Reviews Truth Social’s Bitcoin-Ether ETF

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    Oscar

    The United States Securities and Exchange Commission (SEC) has officially acknowledged the application submitted by Trump Media & Technology Group for a new Bitcoin and Ethereum exchange-traded fund (ETF). This move triggers the SEC’s review clock, giving the regulator a limited time to approve or reject the proposal. The ETF, if approved, will trade on…

  • European Firms Expand Bitcoin Treasuries

    European Firms Expand Bitcoin Treasuries

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    Oscar

    Bitcoin’s momentum as a corporate treasury asset continues to accelerate across Europe, with two major companies, France’s The Blockchain Group and the UK-based Smarter Web Company announcing significant additions to their Bitcoin reserves. On Monday, The Blockchain Group revealed it had acquired 116 BTC for €10.7 million ($12.55 million), while The Smarter Web Company disclosed…

  • CoreWeave Acquires Core Scientific in $9B AI-Crypto Merger

    CoreWeave Acquires Core Scientific in $9B AI-Crypto Merger

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    Oscar

    CoreWeave, a Nasdaq-listed leader in artificial intelligence and cloud solutions, has announced its acquisition of Bitcoin mining giant Core Scientific in a massive $9 billion all-stock deal. The definitive agreement, revealed on July 7, 2025, marks a strategic shift for CoreWeave, as it seeks to integrate high-performance data infrastructure into its AI-driven ecosystem. This deal…

  • XRP Flashes Bearish Signal Amid Correction Risks

    XRP Flashes Bearish Signal Amid Correction Risks

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    Oscar

    XRP is once again flashing a technical warning that has historically preceded major price drops. The token’s daily Stochastic RSI has entered the overbought zone, a pattern that has, on average, led to 25% declines in 2025. This development raises red flags for traders and investors who may be hoping for further upside in July.…

  • Dogecoin Charts Bullish Reversal as $0.25 Target Looms

    Dogecoin Charts Bullish Reversal as $0.25 Target Looms

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    Oscar

    Dogecoin (DOGE), the internet’s favourite memecoin, is showing signs of life again. Trading around $0.17, DOGE is forming a classic bullish double-bottom pattern, hinting at a potential price rebound toward the psychological resistance at $0.25. The pattern, with a support base near $0.15, has been developing steadily over the past several weeks and it may…

  • Strategy Sued Over $5.9B Bitcoin Loss

    Strategy Sued Over $5.9B Bitcoin Loss

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    Oscar

    MicroStrategy is facing a high-profile class action lawsuit following a staggering $5.9 billion unrealised Bitcoin loss. The legal complaint, filed in the Eastern District of Virginia (Docket No. 25-cv-00861), accuses the company and its executives of deceiving shareholders and manipulating crypto-related stock valuations. At the heart of the lawsuit is Michael Saylor, co-founder and Executive…

  • Senate Passes Stablecoin Bill in Major Crypto Win

    Senate Passes Stablecoin Bill in Major Crypto Win

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    Oscar

    In a historic move for the cryptocurrency industry, the US Senate has passed the GENIUS Act, a stablecoin bill that lays the foundation for federal regulation of stablecoins. With a bipartisan 68–30 vote, the bill marks the first time a major piece of cryptocurrency legislation has cleared the Senate, representing a pivotal step toward legitimising…

  • Iran’s Nobitex Exchange Hacked for $81M Amid Escalating Tensions

    Iran’s Nobitex Exchange Hacked for $81M Amid Escalating Tensions

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    Oscar

    Iran’s largest cryptocurrency exchange, Nobitex, has fallen victim to a significant hack, losing over $81 million in digital assets. The attack, attributed to the pro-Israel hacker group “Gonjeshke Darande,” exploited the exchange’s hot wallets using vanity addresses, according to onchain investigator ZachXBT. The first exploit address, “TKFuckiRGCTerroristsNoBiTEXy2r7mNX,” was used to siphon $49 million. A second,…