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Crypto & Web3CoinDesk ·

Bitcoin Nears $65,000 on Soft Inflation Data as Two Investor Groups Sell

Bitcoin surged close to $65,000 after U.S. inflation data came in softer than expected, boosting investor sentiment across risk assets. The cooler inflation figures prompted a notable price bounce for the leading cryptocurrency. However, on-chain data revealed that two distinct groups of Bitcoin investors chose to sell into the rally rather than hold. This selling pressure from these cohorts suggests some market participants are using the price rise as an exit opportunity. The divergence between price momentum and on-chain behavior signals a cautious undercurrent despite the headline gains.

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Crypto & Web3CoinDesk ·

Coinbase's Jesse Pollak hands Base app leadership to Cobie after strategy setback

Jesse Pollak, a key figure at Coinbase, is stepping back from his leadership role overseeing the Base app. Pollak acknowledged that his crypto social strategy had not succeeded as intended. He announced that Jordan Fish, widely known online as 'Cobie,' will take over leadership of the Base app team. The transition marks a notable shift in direction for the Base project under new management.

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Crypto & Web3CoinDesk ·

DTCC Executes First Live Trades Using Tokenized Securities on Blockchain

The Depository Trust and Clearing Corporation (DTCC) has completed its first live production trades involving tokenized securities, marking a significant milestone for Wall Street's blockchain ambitions. The move signals a shift from experimentation to real-world application of distributed ledger technology in mainstream financial infrastructure. DTCC, which processes trillions of dollars in securities transactions annually, is among the most influential post-trade institutions in the United States. The development suggests that blockchain-based settlement and trading systems are moving closer to practical adoption within traditional finance.

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Crypto & Web3CoinDesk ·

Cantor and Securitize Team Up to Bring IPOs Onto the Blockchain

Financial firm Cantor and tokenization platform Securitize have announced a collaboration aimed at enabling blockchain-based initial public offerings. The partnership is designed to allow public companies to raise capital directly on-chain. It also opens the door for the issuance of tokenized securities through blockchain infrastructure. The initiative represents a significant step toward integrating traditional capital markets with decentralized technology.

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Crypto & Web3CoinDesk ·

DeFi Protocol Ostium Loses $18M in Oracle Manipulation Attack

Decentralized finance protocol Ostium suffered an $18 million exploit when a hacker manipulated its price-reporting infrastructure. The attacker submitted falsified future-dated oracle data to the platform, artificially creating the appearance of profitable trades. This tricked the protocol into paying out $18 million in fraudulent gains. The incident is part of a continuing wave of oracle-based attacks targeting DeFi protocols.

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Crypto & Web3CoinDesk ·

Age Verification for Kids Online Raises Long-Standing Privacy Concerns

Cardano Foundation CEO Frederik Gregaard argues that the privacy risks of online age verification are not hypothetical but have been playing out for years. The debate centers on how platforms can protect minors online without compromising user privacy. Age verification systems typically require users to submit personal data, creating potential vulnerabilities for misuse or data breaches. Gregaard's perspective highlights the tension between child safety regulations and the right to anonymous or private internet use. The issue remains a critical challenge for policymakers and tech platforms seeking to balance protection with privacy.

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Crypto & Web3CoinDesk ·

Solana Outperforms Ether as Portfolio Diversifier, Says Morgan Stanley Analyst

Morgan Stanley analyst Denny Galindo argues that Solana has historically served as a better portfolio diversifier than Ether in the expanding crypto market. The analysis was published in this week's edition of CoinDesk's Crypto Long & Short newsletter. Galindo acknowledges that Solana carries greater volatility compared to Ether, yet still rates it more favorably for diversification purposes. The findings add to ongoing debate among investors about optimal asset allocation within cryptocurrency portfolios.

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Crypto & Web3CoinDesk ·

White House meeting planned to resolve disputed ethics clause in crypto bill

A high-level White House meeting is reportedly being organized to address an unresolved ethics provision within the Clarity Act, a crypto market structure bill. The ethics section has emerged as the most contentious element of the legislation. The meeting is expected to involve senior administration officials tasked with finding a resolution. This comes in the final weeks of the Senate's available legislative window to advance the bill.

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Crypto & Web3CoinDesk ·

South Korea to classify crypto as national assets under revised 76-year-old law

South Korea is planning to amend a law that has been in place for 76 years in order to formally classify cryptocurrencies as national assets. The move signals a significant shift in how the government legally recognizes and treats digital assets. Alongside this legislative change, authorities have reaffirmed plans to pilot tokenized government bonds in the coming year. The government is also exploring the possibility of tokenizing state-owned real estate as part of its broader digital asset strategy.

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Crypto & Web3CoinDesk ·

CoinShares: OpenUSD Stablecoin Could Seriously Undercut Circle's USDC Revenue

A new stablecoin called OpenUSD, backed by a consortium of partners, poses a significant competitive threat to Circle's USDC, according to research firm CoinShares. Unlike USDC, OpenUSD is designed to distribute reserve income among its consortium partners rather than keeping it with the issuer. This revenue-sharing model could squeeze Circle's profit margins considerably if OpenUSD launches as anticipated in 2026. The development highlights growing competition in the stablecoin market, where reserve income has been a key source of revenue for issuers like Circle.

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Crypto & Web3CoinDesk ·

BlackRock Crypto Holdings Drop 39% Despite $15B in Net Inflows

BlackRock's digital asset funds recorded $15 billion in net inflows over the past year, reflecting strong investor interest in crypto products. However, the total value of those holdings fell sharply by 39% during the same period. The decline was driven primarily by falling cryptocurrency prices rather than investor withdrawals. This highlights how market volatility can erode asset values even when capital continues to flow into a fund.

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Crypto & Web3CoinDesk ·

Noxa Launchpad Shuts Down After Collecting $12M in Fees, Sparking Memecoin Crash

Noxa, a memecoin launchpad operating on Robinhood Chain, accumulated nearly $12 million in fees before abruptly ceasing operations. The platform was notably responsible for the rise of CASHCAT, a prominent memecoin on the network. Before going dark, Noxa distributed all of its collected revenue rather than retaining it. The sudden shutdown has sent Robinhood Chain's memecoin economy into a sharp decline, leaving investors and participants in disarray.

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Crypto & Web3CoinDesk ·

Japan reclassifies crypto as financial asset, opening door to tax reform

Japan has officially reclassified cryptocurrency as a financial asset, signaling a significant shift in how the country regulates digital currencies. Lawmakers determined that crypto has evolved beyond its original purpose as a payment method and now functions primarily as an investment product. This reclassification is expected to pave the way for tax cuts on cryptocurrency holdings and transactions. The move reflects growing recognition among Japanese policymakers that existing rules were not suited to the current nature of crypto markets.

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Crypto & Web3CoinDesk ·

Strategy CEO says company secure unless Bitcoin drops to $8,000–$10,000

Strategy's CEO has expressed confidence in the company's financial stability, stating it remains secure unless Bitcoin falls to the $8,000–$10,000 range. The remarks come amid recent volatility in the company's preferred stock, STRC, which dropped below $75 last month. The CEO pointed to growing U.S.-dollar reserves as a key factor in STRC's partial recovery back to around $90. The comments signal that Strategy is actively managing its balance sheet to weather potential downturns in Bitcoin's price.

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Crypto & Web3CoinDesk ·

Bitcoin Rally Pauses as Inflation Data and Oil Prices Weigh on Sentiment

Bitcoin's recent price rally showed signs of cooling on July 15, 2026, as investors took time to process the latest inflation data. Market participants appeared cautious, weighing the implications of the figures for monetary policy and risk assets. Rising oil prices added further uncertainty to the outlook, contributing to a more subdued trading environment. The combination of macroeconomic factors prompted investors to reassess their positions in the cryptocurrency market.

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Crypto & Web3CoinDesk ·

Bitcoin holds three-week high as Iran tensions offset soft inflation data

Bitcoin maintained a three-week high on Tuesday after U.S. inflation data came in softer than expected, initially boosting crypto markets. However, escalating tensions between the United States and Iran tempered those gains, keeping prices relatively stable. The cooler inflation report had offered optimism to risk assets, including cryptocurrencies. Geopolitical uncertainty in the Middle East acted as a counterweight, preventing a stronger rally in the crypto market.

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Crypto & Web3CoinDesk ·

Stripe and Advent Make $53 Billion Joint Bid to Acquire PayPal

Payments giant Stripe, in partnership with private equity firm Advent, has submitted a $53 billion offer to acquire PayPal. This latest move follows an earlier expression of interest that had been made by the two parties. PayPal has so far shown reluctance to engage with or respond positively to the takeover approach. If completed, the deal would represent one of the largest acquisitions in the fintech sector.

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Crypto & Web3CoinDesk ·

Bitcoin ETFs Pull In $181M, Ether ETFs Gain $58M After Monday Selloff

U.S. spot Bitcoin ETFs recorded approximately $181 million in inflows on Tuesday, according to SoSoValue data. This came just one day after the funds saw outflows of around $425 million on Monday. Ether ETFs also attracted positive flows, bringing in roughly $58 million on the same day. The inflows coincided with a broader recovery in major cryptocurrencies, which climbed as much as 5%.

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Crypto & Web3CoinDesk ·

UK to issue first G7 digital sovereign bond by early 2027

The United Kingdom is planning to launch its first digital sovereign bond by early 2027, marking a historic first among G7 nations. The bond will be issued on HSBC's Orion digital platform as part of a controlled regulatory trial. The initiative falls under the Bank of England and Financial Conduct Authority's Digital Securities Sandbox framework. The primary goals are to test whether digital bond issuance can reduce settlement times and lower transaction costs compared to traditional methods.

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