The US Department of Justice is not investigating Dragonfly Ventures or its executives over the venture company’s past investment in Tornado Cash, according to Haseeb Qureshi, Dragonfly’s co-founder and managing partner. The DOJ reportedly revealed during a Monday trial that it is not targeting Dragonfly in its investigation, Qureshi said in a Tuesday post on…
Read more
The Indonesian government updated its tax policies for the crypto industry, raising levies on traders and miners while removing value-added tax (VAT) obligations for buyers. On Monday, Indonesia’s Ministry of Finance issued multiple regulatory updates, including regulations No. 50/2025 and No. 53/2025, which amend crypto tax rates and compliance requirements effective Aug. 1. An excerpt…
Read more
Key takeaways: Fed interest-rate cut odds this week are now less than 3%, according to Polymarket. BTC price may drop as low as $112,000 if key support levels are broken. Bitcoin (BTC) price remained flat on Wednesday at $118,200, as traders adopted a wait-and-see approach amid growing macro uncertainty. BTC/USD four-hour chart. Source: Cointelegraph/TradingView 97%…
Read more
Key points: Bitcoin short-term holders form important nearby BTC price support levels — but a gap remains between $110,000 and $115,000. Glassnode suggests that the price may drop to “fill” that gap next. Short-term holder profit-taking may cap BTC price upside at around $140,000 in the event of a breakout. Bitcoin (BTC) may face a…
Read more
A long-anticipated rotation into altcoins may be underway amid improved regulatory clarity, growing liquidity and a surge in onchain activity, according to Sygnum’s Q3 2025 Investment Outlook. Geopolitical tensions and US fiscal uncertainty earlier this year led to a sell-off across the altcoin sector. However, changing market dynamics “may ignite the long-awaited altseason,” the digital…
Read more
The founder of a crypto token called AML Bitcoin has been sentenced to seven years in prison after being found guilty earlier this year of wire fraud and money laundering. The US Department of Justice said on Tuesday that Rowland Marcus Andrade defrauded investors out of $10 million and used $2 million from the sale…
Read more
South Korea’s central bank will reportedly launch a virtual asset committee to monitor the crypto market and has refocused and renamed its central bank digital currency (CBDC) team to actively explore digital currency. A Bank of Korea official said its Virtual Asset Team will also be responsible for responding to “discussions related to stablecoins and…
Read more
Bitcoin miner MARA Holdings beat analyst expectations in its second-quarter earnings, which saw its share price slightly gain after-hours. MARA Holdings’ revenues increased 64% year-on-year to $238 million, up from $145 million in Q2 2024 and also gaining from its $214 million revenues in the first quarter of 2025, the company said on Tuesday. The…
Read more
A major player in a crypto Ponzi scheme that duped victims out of $13 million with claims of using artificial intelligence-powered crypto trading bots and a fake government agency has pleaded guilty. The US Department of Justice said on Monday that Vincent Anthony Mazzotta Jr admitted to his role in defrauding investors by promising high…
Read more
Key points: Bitcoin’s price compression and the Bollinger Bands suggest a range expansion will occur soon. This week’s early price weakness is likely the result of traders cutting risk ahead of Wednesday’s FOMC and a White House update on its crypto policy and Bitcoin strategic reserve. Bitcoin (BTC) continued to trade within the $117,000 to…
Read more