Bloomingbit Newsroom

Bitcoin Holds Near $65,000 as US AI Stocks Slump

Bitcoin remained relatively steady near $65,000 even as artificial intelligence-related stocks in the US market sold off sharply. Crypto-focused media outlet Odaily reported on July 24 that Bitcoin was showing resilience by holding near the $65,000 l

Bitcoin Holds Near $65,000 Despite AI Stock Selloff in US Market

Bitcoin held relatively steady near $65,000 even as artificial intelligence-related stocks in the US market slumped. Odaily, a digital-asset news outlet, reported on July 24 that Bitcoin was showing resilience by staying near the $65,000 mark despite

Bitcoin Holds Near $65,000 as US AI Stocks Slide

Bitcoin traded relatively steadily near $65,000 even as US artificial intelligence-related stocks tumbled. Digital-asset outlet Odaily reported on July 24 that Bitcoin was holding near the $65,000 level despite heavy selling in US AI shares, undersco

Bitcoin Holds Near $65,000 as US AI Stocks Slide

Bitcoin held relatively steady near $65,000 even as US artificial intelligence-related stocks tumbled. Digital-asset outlet Odaily reported on July 24 that Bitcoin was showing resilience by staying near the $65,000 mark despite heavy selling in US AI

South Korea Extends Fuel Tax Cuts Through Sept. 30

Gasoline 15% Lower, Diesel 25%, Butane 25% South Korea will extend its temporary fuel tax cuts by two months through Sept. 30. The Ministry of Economy and Finance said July 24 that the government discussed the plan at a special task force meeting on

Domestic and Temporary Save

Temporary draft saved.

US Spot-Bitcoin ETFs See $225.1 Million in Net Outflows

US spot-Bitcoin exchange-traded funds posted net outflows after eight straight trading sessions of inflows. Data from Farside Investors showed the 12 spot-Bitcoin ETFs recorded combined net outflows of $225.1 million on July 23. BlackRock’s IBIT led

SEC to Hold Sept. 17 Roundtable on 24-Hour US Stock Market

The US Securities and Exchange Commission will hold a public roundtable in September on shifting the stock market toward 24-hour trading. The event will take place Sept. 17 at the agency’s headquarters in Washington, D.C., Cointelegraph reported on J

Trump Says US Would Counter Houthi Red Sea Threat, Signals More Strikes on Iran Nuclear Site

"Iran Wants Talks With the US, but I'm Not Interested" President Donald Trump said the US would respond if the Iran-backed Houthi rebels moved to blockade the Red Sea, and he publicly raised the possibility of further strikes on Iran's underground nu

Exclusive: CoinShares Expands Crypto Investment Products for European Institutions

CoinShares is expanding its cryptocurrency investment products for institutional investors in Europe. The Block, a digital-asset news outlet, wrote in a post on X on July 21 that CoinShares is moving into Europe’s $30 trillion investment ecosystem th

Uniswap Starts Vote to Extend Protocol Fees to v4, Robinhood Chain

Uniswap is holding a governance vote on a proposal to expand the scope of its protocol fees. The Block reported on July 18 that Uniswap governance had put two fee-related proposals to a vote. One proposal would apply protocol fees to Uniswap v4 for t

Kaspersky Identifies New 'OkoBot' Malware Targeting Digital-Asset Investors

A new malware strain that targets digital-asset investors and steals wallet information and browser data has been identified. The malware is called OkoBot. Cointelegraph reported on July 18 that cybersecurity firm Kaspersky had identified a malware f

Former House Financial Services Chair McHenry Says Clarity Act Could Rival 1996 Telecom Law

Former U.S. House Financial Services Committee Chairman Patrick McHenry said the Clarity Act could produce a regulatory overhaul comparable to the innovation sparked by the Telecommunications Act of 1996. He argued that the bill must pass if the U.S.

Three Jailed in UK for Stealing $5.3 Million in Digital Assets While Posing as Police

Three people in the UK have been sentenced to prison for stealing about $5.3 million, or roughly 4 million pounds, in digital assets by posing as police officers. Decrypt reported on July 18 that UK police announced the sentences after the group stol

Pump.fun Turns From Solana Booster to Overhang as SOL Sales Continue

Pump.fun, the memecoin launchpad that helped support the Solana ecosystem, is becoming a drag on the network as it sells large amounts of SOL. The selling appears aimed at raising cash as protocol revenue shrinks amid a slowdown in memecoin trading.

FTX to Start Fifth Creditor Distribution on July 31, Paying Out $900 Million

FTX, the bankrupt cryptocurrency exchange, is entering the fifth round of creditor repayments. About $900 million will be distributed in this round. Cointelegraph reported on July 17 that the FTX Recovery Trust will begin distributing about $900 mill

Robinhood’s Chain Push Sets Up Direct Clash With Coinbase in US Crypto

Coinbase and Robinhood are emerging as fierce rivals in the US digital-asset industry. Both companies support cryptocurrency trading, but they came from different starting points. Coinbase built its business as an exchange focused on cryptocurrencies

OpenUSD Could Threaten Circle by Undermining Its Revenue Model

A stablecoin project backed by major US banks could disrupt Circle Internet Group Inc.'s revenue model, CoinShares said in a report. Citing the report on July 15, CoinDesk said OpenUSD, or OUSD, could directly affect Circle's core profit engine. Luke

South Korea to Allow Crypto Voice-Phishing Victims to Recover Stolen Funds

South Korea will open the door for victims of voice-phishing scams involving virtual assets to recover stolen funds, extending relief to crypto losses that had fallen outside the law. The Financial Services Commission said July 15 it will preannounce

Musk Says X Will Open-Source Entire Codebase

Elon Musk, chief executive officer of X and Tesla, said X will open-source its entire codebase. In a post on X on July 15, Musk wrote that the company will release the full codebase without exception once it completes a review of security vulnerabili

Bitcoin Long-Term Holders Finish Bulk of Profit-Taking, Galaxy Digital's Thorn Says

Most of the large-scale selling by long-term Bitcoin holders has already ended, according to Galaxy Digital. On July 15, Alex Thorn, Galaxy Digital's head of research, wrote on X that massive volumes of older Bitcoin moved on-chain in 2024 and 2025,

LayerZero Says $2.4 Million Wallet Transfers Were Operational Rebalancing, Not a Hack

Large fund transfers from a protocol operations wallet at LayerZero (ZRO) were part of routine operational rebalancing, not a hack, the company said. No user funds were affected. LayerZero wrote on X on July 15 that the transfers were "not an attack"

BNK Financial Creates Digital Asset Task Force in Reorganization

BNK Financial Group has created a dedicated digital asset unit, the Digital Asset Task Force, as it moves to lay the groundwork for its digital asset business. BNK Financial said July 15 that its second-half reorganization also established an AX, or

Ripple Joins Linux Foundation’s x402 Foundation

Ripple has joined the x402 Foundation under the Linux Foundation. CoinDesk reported on July 15 that the Linux Foundation has launched formal governance for the x402 Foundation with 40 member companies. The transfer of the x402 protocol, developed by

Iran Revolutionary Guard Says It Struck US-Linked Air Base in Jordan in Retaliation

Iran’s Islamic Revolutionary Guard Corps said it struck a US-linked air base in Jordan in retaliation for a US attack on an Iranian coastal military base. In a statement on July 13, the IRGC said it targeted multiple missile depots and fuel storage f

UK Eases Digital-Asset Rules as Global Hub Strategy Gains Momentum

The U.K.'s financial regulator and central bank have moved in quick succession to ease digital-asset rules, adding momentum to the country's strategy of becoming a global digital-asset hub. CoinDesk reported on July 12 that Wirex Chief Executive Offi

Bitcoin in Late Stage of Bear Market, Could Reach $250,000 in 2-3 Years

Bitcoin has entered the later stages of its bear market and could rise to $200,000 to $250,000 within the next two to three years, Cointelegraph reported on July 11. Jamie Coutts, chief analyst at Real Vision, said in an interview that Bitcoin has al

Bitcoin Treasury Firm Empery Digital Sells Half Its Holdings, Turns to AI Data Centers

Empery Digital, a Bitcoin treasury company, has sold about half of its Bitcoin holdings and will use the proceeds to invest in an artificial intelligence data center business. CoinDesk reported on July 11 that Empery Digital sold 1,400 Bitcoin at $62

Analysis: Bitcoin’s July Rebound May Echo 2022 Bear-Market Pattern

Bitcoin has risen about 10% so far this month, putting it on track for its strongest July gain in the past four years. But some analysts say the short-term rebound could still be followed by another correction. Cointelegraph reported on July 11, citi

Robinhood Chain Surpasses 38.72 Million Transactions 10 Days After Launch

Robinhood Chain, the brokerage's proprietary blockchain, is gaining traction quickly. The network recorded more than 38 million transactions within 10 days of its launch. Digital-asset analyst ai Yi wrote on X on July 11 that Robinhood Chain's cumula