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Crypto & Web3CoinDesk ·

Benchmark raises Hut 8 price target to $165 on AI infrastructure pivot

Benchmark analyst Mark Palmer has raised his price target for Bitcoin miner Hut 8 to $165, citing the company's strategic shift toward artificial intelligence infrastructure. The upgrade is driven by Hut 8's Beacon Point project, which Palmer says repositions the firm as an AI infrastructure platform. This pivot is seen as significantly reshaping how the company is valued by investors. Palmer believes the transition gives Hut 8 a long runway for future growth in the AI sector.

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Crypto & Web3CoinDesk ·

ECB selects Deutsche Bank, Revolut among firms for digital euro pilot

The European Central Bank has chosen a group of financial firms, including Deutsche Bank and Revolut, to participate in a digital euro pilot program. The initiative will test a beta version of the digital euro across multiple payment scenarios. These include online, offline, in-store, and e-commerce transactions. The pilot's initial user base will consist of ECB and central bank staff members.

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Crypto & Web3CoinDesk ·

JCB Partners Circle to Pilot USDC Payments Across 40 Million Merchants

Japan's largest card network JCB has announced a partnership with stablecoin issuer Circle to explore the use of USDC in everyday transactions. The collaboration aims to integrate stablecoin payments across JCB's merchant network, which spans 40 million outlets. A key focus of the initiative is enabling faster and more efficient cross-border payments using USDC. The move aligns with Japan's broader push to mainstream stablecoin usage in domestic and international commerce.

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Crypto & Web3CoinDesk ·

BIP-110 Proposal Reignites Bitcoin Debate Over Censorship and Decentralization

A Bitcoin Improvement Proposal known as BIP-110 has stirred significant controversy within the cryptocurrency community. The proposal aimed to restrict the use of Bitcoin's blockchain for storing non-financial data. Rather than achieving consensus, it reignited long-standing debates about censorship and the decentralized nature of the network. The dispute has raised fundamental questions about who holds the authority to shape Bitcoin's future direction.

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Crypto & Web3CoinDesk ·

Prediction Markets Hit $50B Monthly Volume During 2026 FIFA World Cup

Prediction markets surpassed $50 billion in monthly trading volume, coinciding with the opening month of the 2026 FIFA World Cup. This milestone marks a significant surge in activity on these platforms, which allow users to bet on real-world event outcomes. The World Cup appears to have acted as a major catalyst, drawing large volumes of capital into prediction markets. The figure highlights growing competition between prediction platforms and traditional sportsbooks in capturing major sporting event wagers.

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Crypto & Web3CoinDesk ·

Long-Term Bitcoin Holders Offloading Supply to New Buyers Amid Fed Rate Concerns

Seasoned Bitcoin investors are gradually transferring their holdings to a newer wave of buyers in what analysts describe as a generational shift in supply. This redistribution signals growing interest from fresh market participants entering the crypto space. However, the transition is unfolding against a backdrop of potential Federal Reserve interest rate hikes. Higher rates could dampen risk appetite and potentially trigger a broader market sell-off. Analysts warn that a capitulation event, long anticipated by markets, may still be on the horizon if monetary tightening accelerates.

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Crypto & Web3CoinDesk ·

Bitcoin Holds at $62,600 as South Korean Stock Slump Drives Crypto Demand

Bitcoin stabilized around $62,600 following a sharp selloff on Monday, even as global markets remained under pressure. South Korean investors turned to cryptocurrency amid a significant decline in the KOSPI stock index, pushing local crypto trading volumes sharply higher. Meanwhile, gold continued its downward trend, adding to broader market uncertainty. Geopolitical tensions also weighed on sentiment, with Donald Trump threatening further military strikes against Iran.

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Crypto & Web3CoinDesk ·

Rising XRP and Ether Bullish Sentiment Amid Price Drops May Signal Further Losses

Social media activity around XRP reached its most bullish level in five weeks, even as the token's price continued to decline. A similar pattern was observed with Ether, where retail optimism grew despite falling valuations. Historically, this divergence between rising sentiment and falling prices has tended to favor sellers rather than buyers. Analysts warn that such a setup — where crowd enthusiasm peaks during a downtrend — often precedes further price weakness.

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Crypto & Web3CoinDesk ·

Bitcoin Steadies at $62,600 Amid Iran Tensions and Key US Inflation Data

Bitcoin is holding around $62,600 as renewed geopolitical tensions in the Middle East weigh on risk assets. Former President Trump reinstated the Hormuz blockade, pushing oil prices higher and reviving expectations of further interest rate hikes. These developments have reversed the so-called peace trade that had helped Bitcoin recover in early July. Markets are now closely watching the upcoming US Consumer Price Index report, which will serve as the next major test for crypto and broader financial markets.

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Crypto & Web3CoinDesk ·

U.S. Government Transfers $288M in Seized Bitcoin and Ether to Coinbase Prime

The U.S. government has moved approximately $288 million worth of seized Bitcoin and Ether to Coinbase Prime, a custody and trading platform. The digital assets originated from two separate prior seizures linked to the Farace case and the defunct crypto exchange BTC-e. Before reaching Coinbase Prime, the funds were routed through newly created wallets. The transfer has drawn attention as it appears to conflict with President Donald Trump's earlier executive order prohibiting the sale of government-held cryptocurrency reserves.

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Crypto & Web3CoinDesk ·

Solo Bitcoin Miner Earns $200,000 Using Just $150 Worth of Equipment

A solo Bitcoin miner has reportedly earned around $200,000 by successfully mining a block using equipment that cost only $150. The feat highlights a growing trend in solo Bitcoin mining, which has seen a notable rise in activity over the past year. According to available data, 24 blocks have been found by solo miners in the last 12 months, representing a 41% increase compared to the previous year. Solo mining, which involves an individual competing against large mining pools without joining one, is generally considered a long-shot endeavor, making such successes particularly remarkable.

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Crypto & Web3CoinDesk ·

Bitcoin and Major Cryptos Fall Over 2% as Fed July Rate Hike Bets Rise

Bitcoin and other major cryptocurrencies declined by more than 2% within a 24-hour period. The sell-off came as traders increased their expectations of a Federal Reserve interest rate hike in July. Rising rate hike bets typically pressure risk assets like cryptocurrencies, as higher borrowing costs reduce appetite for speculative investments. The market movement occurred ahead of an anticipated inflation report, which traders expect may influence the Fed's next policy decision.

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Crypto & Web3CoinDesk ·

Binance.US targets 20% US market share with low fees and new products

Binance.US CEO has stated that the exchange is in a rebuilding phase following roughly two years of regulatory challenges. The platform is banking on ultra-low trading fees, new regulated products, and improved liquidity to win back customers. The exchange has set its sights on recapturing a 20% share of the US cryptocurrency market. These efforts signal Binance.US's intent to reassert itself as a major player in the domestic crypto trading landscape.

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Crypto & Web3CoinDesk ·

Franklin Crypto CIO: Prices Lag Behind Crypto's Strongest Fundamentals in Years

Seth Ginns, Chief Investment Officer at Franklin Crypto, has stated that cryptocurrency prices are currently out of step with the industry's underlying fundamentals. He noted that the fundamentals supporting the crypto sector are among the strongest seen in recent years. Despite this disconnect, institutional adoption of digital assets continues to accelerate. Ginns suggested that the market has yet to fully price in the improving foundational strength of the crypto industry.

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Crypto & Web3CoinDesk ·

TeraWulf Lands $19B Anthropic Deal, Pivots from Bitcoin Mining to AI Infrastructure

TeraWulf has secured a $19 billion AI hosting agreement with Anthropic, marking a significant shift in the company's business direction. The deal signals TeraWulf's transformation from a Bitcoin mining operation into an AI infrastructure provider. The company's CEO emphasized that power capacity quality matters in the competitive AI race, not just raw megawatt figures. The partnership with Anthropic, a leading AI firm, underscores growing demand for dedicated, high-quality computing infrastructure to support artificial intelligence workloads.

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Crypto & Web3CoinDesk ·

Trump's Crypto Holdings Complicate Ethics Talks in Clarity Act Negotiations

Negotiations over the Clarity Act, a crypto market structure bill, have been complicated by discussions around President Trump's personal cryptocurrency holdings. Democrats have focused on Trump's financial gains from crypto as they debate the bill's ethics provisions. The central concern is whether legislation should include restrictions on conflicts of interest for U.S. officials involved in crypto policy. The debate reflects broader tensions between advancing crypto regulation and ensuring that officeholders do not personally benefit from related legislative decisions.

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Crypto & Web3CoinDesk ·

Mizuho maintains neutral stance on Circle despite OCC bank approval

Japanese investment bank Mizuho has reiterated its neutral rating on Circle following the company's approval from the Office of the Comptroller of the Currency to operate a national trust bank. Analysts at Mizuho argued that the regulatory milestone does not resolve the underlying challenges facing Circle's USDC stablecoin. The bank highlighted slowing growth in USDC adoption as a key concern that remains unaddressed by the approval. Rising competition in the stablecoin market was also flagged as a persistent risk to Circle's business outlook.

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Crypto & Web3CoinDesk ·

Bitcoin Selling Pressure Eases as ETF Inflows Return Amid Geopolitical Tension

Bitcoin appears to be stabilizing as signs emerge that panic-selling may be losing momentum. Analysts attribute this shift to the disappearance of profit margins for marginal sellers, reducing their incentive to offload holdings. The cryptocurrency has shown resilience despite fresh escalation in U.S.-Iran tensions, which would typically weigh on risk assets. Renewed inflows into spot Bitcoin ETFs have further reinforced the view that selling pressure is subsiding.

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