A town in Michigan that has no crypto ATMs has passed an ordinance that puts multiple restrictions on the kiosks and their operators with the aim of protecting residents from scams. The city council of Grosse Pointe Farms, a small town just outside of Detroit, Michigan, passed the ordinance at a meeting on Tuesday after…
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GameStop CEO Ryan Cohen has teased that the video game retailer could start accepting crypto for trading card purchases and said the company’s Bitcoin buys aren’t copying MicroStrategy. Cohen told CNBC’s Squawk Box on Tuesday that GameStop shifted tactics to reduce reliance on hardware in the face of rising costs and focus more on trading…
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American financial services firm Cantor Fitzgerald is reportedly planning to acquire more than $3.5 billion worth of Bitcoin from Adam Back’s Blockstream Capital. Brandon Lutnick, the 27-year-old son of US Commerce Secretary Howard Lutnick, is close to finalizing a deal to purchase Bitcoin (BTC) through his firm Cantor Fitzgerald, according to reports in the Financial…
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Bitcoin isn’t likely to enter a downtrend anytime soon, with strong fundamentals supporting its current trajectory, says a researcher at crypto product provider 21Shares. “The structural imbalance between surging demand and a rapidly vanishing supply base makes a prolonged correction increasingly unlikely,” 21Shares crypto research strategist Matt Mena told Cointelegraph. “There are far more positives…
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The US House is set to try to move forward three crypto bills again on Wednesday after canning a re-vote on Tuesday as multiple Republican lawmakers pulled support, wanting to add a ban on central bank digital currencies (CBDCs). Republican House Speaker Mike Johnson said he hopes to try to pass a procedural vote for…
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Jury selection in the criminal trial of Tornado Cash co-founder and developer Roman Storm wrapped up on Tuesday, and prosecutors and defense attorneys issued their own statements in a case that could have significant repercussions for the crypto and blockchain industry. According to reporting from Inner City Press inside the US District Court for the…
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Fairshake, a US-based political action committee (PAC) backed by contributions from cryptocurrency companies including Coinbase and Ripple Labs, reported holding $141 million in assets to be used to influence upcoming elections. In a statement released on Tuesday, Fairshake said it had raised about $52 million in the first half of 2025, with $25 million from…
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Key takeaways: June CPI data showed rising headline and core inflation, reducing expectations of an interest rate cut in July. Bitcoin must reclaim the $119,250–$120,700 zone to confirm bullish momentum and aim for fresh highs above $123,000. Bitcoin (BTC) price rallied to $118,400 from $16,500 on Tuesday following the release of the June US Consumer…
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Vanguard, one of the world’s largest investment management firms, is now the biggest institutional shareholder of Strategy (MSTR) — Michael Saylor’s company best known for adopting Bitcoin as its primary treasury reserve asset. According to data from investment research platform Intel, Vanguard has accumulated more than 20 million shares of MSTR, representing about 8% of…
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Key point: Bitcoin (BTC) pulled back after hitting a new all-time high of $123,218 on Monday, indicating profit-booking at higher levels. The correction seems to be technical in nature, as the underlying demand remains strong. Bitcoin treasury companies purchased 159,107 BTC in Q2, according to BitcoinTreasuries.NET. The retail investors were not to be left behind.…
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