After banning retail access to crypto ETNs and derivatives in 2021, the FCA has reversed its approach in favor of ETN access for retail. The United Kingdom’s Financial Conduct Authority (FCA) has lifted the ban on retail access to cryptocurrency exchange-traded notes (cETNs).Companies in the UK will soon be able to offer retail consumers cETNs, with regulatory changes effective Oct. 8, according to an FCA announcement on Friday.The new development in the UK’s regulatory approach on crypto comes after the FCA banned crypto ETNs in January 2021, citing the extreme volatility of crypto assets and a “lack of legitimate investment need” for retail consumers.Read more Source: cointelegraph.com (Read Full Article)

Bitcoin bulls are struggling to keep the market off new three-week lows despite a potential tailwinds coming from the US labor market. Key points:Bitcoin attempts to cement a rebound thanks to US jobs data showing labor market weakness.BTC price action remains below $116,000, but order-book data has traders favoring a short squeeze.Read more Source: cointelegraph.com (Read Full Article)

Bitcoin’s bearish divergence signals a possible price correction toward $92,000, similar to the declines witnessed in 2020 and 2024. Key takeaways:Bitcoin hinges on $115,000 support, risking a drop toward $104,000.Weekly RSI divergence points to a deeper correction.Read more Source: cointelegraph.com (Read Full Article)

DeFi’s future depends on embracing institutional investors, whose capital, credibility and demand for stability are shifting DeFi from a speculative playground into a mature, trusted financial ecosystem. Opinion by: Kevin Rusher, founder of RAACCrypto is a movement born from a cultural rejection of traditional finance, driven by the belief that transparency, decentralization and code can build a better financial system than the one that led to the 2008 financial crisis. Indeed, for many, the creation of Bitcoin was a rebellion against the traditional financial gatekeepers that siphoned all value out of the market.That foundational spirit still matters for crypto, but the landscape has changed drastically after 15 years. Today, BlackRock is the second-largest holder of Bitcoin (BTC), beaten only by its founder, Satoshi Nakamoto. At the same time, almost every major traditional asset manager has some interest in the industry through BTC, Ether (ETH) and real-world assets (RWAs) like tokenized private credit and treasuries.Read more Source: cointelegraph.com (Read Full Article)

Bitcoin’s tight consolidation resolved to the downside, but the failure of the bears to sustain the lower levels could push the price to new all-time highs. Key points:Sellers pulled the price below $115,000, but are struggling to sustain the lower levels.Several altcoins have pulled down toward their respective support levels, which are likely to hold.Read more Source: cointelegraph.com (Read Full Article)

A police officer’s 50-BTC theft was unraveled by blockchain tracking. Investigators traced the funds and brought him to justice. In a major breach of trust within UK law enforcement, Paul Chowles, a National Crime Agency (NCA) officer, stole 50 Bitcoin (BTC) from a seized wallet connected to Thomas White, an operator of Silk Road 2.0. The theft occurred in 2017 when the cryptocurrency was valued at a total of approximately 60,000 British pounds (around $79,000). By the time Chowles was caught, the crypto’s value had surged to over 4.4 million pounds (around $5.9 million). The 42-year-old officer from Bristol used the dark web and crypto-mixing services to split the stolen Bitcoin into smaller amounts, transferring them through crypto exchanges and prepaid cards to conceal their source. Read more Source: cointelegraph.com (Read Full Article)

A wallet has scooped up over 331 million Pi coins during a major price slump, raising questions about insider moves or a strategic bet on Pi’s future. Over the past three months, a mysterious crypto wallet labeled GAS…ODM has quietly amassed 331 million Pi coins — a haul worth around $148.5 million, according to Piscan and other tracking tools. This wave of accumulation stands out because it unfolded during a steep 70% drop in Pi Coin (PI) price since May. Read more Source: cointelegraph.com (Read Full Article)

Shares of Coinbase, Riot Platforms and CleanSpark plunged amid a broader market sell-off driven by weak jobs data, inflation concerns and renewed tariff threats. Shares of US crypto companies fell sharply on Friday amid a broader sell-off in risk assets, driven by disappointing economic data and renewed tariff threats.Shares of Coinbase (COIN), Riot Platforms (RIOT) and CleanSpark (CLSK) dropped between 7% and 16% in Friday trading. The declines mirrored broader market weakness, with the Dow Jones Industrial Average losing over 600 points, the S&P 500 falling 1.6% and the Nasdaq Composite down more than 2% in early trading.Coinbase’s losses extended a sell-off that began after hours on Thursday, following the company’s disappointing quarterly results. The crypto exchange reported $1.5 billion in revenue for the second quarter, but transaction volumes fell, weighing on results. Read more Source: cointelegraph.com (Read Full Article)

Veteran financial adviser Ric Edelman explains why Bitcoin is no longer viewed as just a speculative asset, and how portfolio strategies are evolving in response. For years, Bitcoin (BTC) has been labeled everything from a revolutionary technology to a dangerous gamble. Many investors still dismiss it as a speculative and volatile asset designed only for tech professionals and risk-takers. But according to one of America’s most popular financial advisers, that view is not just outdated — it might be costly.In a recent conversation with Cointelegraph, Ric Edelman, the founder of Edelman Financial Engines, shares why he changed his stance on Bitcoin. Just a few years ago, he recommended a cautious 1% allocation to crypto assets. Now? He’s suggesting as much as 40% for certain investors. What changed?Read more Source: cointelegraph.com (Read Full Article)

Gate enters the US market with spot trading as regulatory landscape shows signs of progress. Crypto exchange Gate is launching in the United States, offering spot trading services to US customers for the first time. Founded in 2013 by Chinese scientist Lin Han, the company cited improved regulatory clarity in the country as the reason behind the move.According to Gate, it will initially offer crypto trading pairs for US customers, with upcoming services for fiat on- and off-ramps and support for custodial wallets. As of July 24, the exchange offered over 3,800 trading pairs on its platform, one of the largest asset varieties in the market. Spot trading volume on Gate reached $6.8 billion in the past 24-hours, according to CoinMarketCap.Read more Source: cointelegraph.com (Read Full Article)