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Stablecoin-linked stocks in Hong Kong plunged by double digits amid the city’s new regulatory transition, but experts say it’s a healthy correction. Stablecoin companies operating in Hong Kong posted double-digit losses on Friday amid local regulatory shifts and a broader market correction.Bright Smart Securities & Commodities Group fell nearly 20% on Friday, according to Google Finance data. Yunfeng Financial Group dropped more than 16% during the trading session, while Guotai Junan International Holdings slid 11% and OSL Group declined 10.5%.These companies are referred to as “Hong Kong stablecoin-concept companies,” with share prices driven by exposure to stablecoin issuance, custody, trading, or related infrastructure. Still, some local experts view the correction as a positive market adjustment.Read more Source: cointelegraph.com (Read Full Article)
Bitcoin fills July CME gap 'to the dollar' amid $104K BTC price target
BTC price weakness outpaces stocks on fresh US trade tariffs, and Bitcoin traders are split over the impact of the CME gap fill near $114,000. Source: cointelegraph.com (Read Full Article)
UK regulator lifts ban on crypto ETNs for retail investors
After banning retail access to crypto ETNs and derivatives in 2021, the FCA has reversed its approach in favor of ETN access for retail. Source: cointelegraph.com (Read Full Article)
7% dip or $141K breakout? Bitcoin speculators dictate BTC price targets
Bitcoin short-term holders are in charge of nearby BTC price support, but this risks a drop to $110,000, new Glassnode research warned. Source: cointelegraph.com (Read Full Article)
'Real fun starts' if XRP price ends July above $3, new analysis says
XRP price needs to beat its January record monthly close above $3.03 for a renewed push toward new all-time highs. Source: cointelegraph.com (Read Full Article)
2025 Bitcoin Cloud Mining Wave: INEMiner Launches Zero Startup Capital
Learn About INEMINER Leading cloud mining platform Register to get $100 free cloud mining rewards Trusted by 1.28 million investors Advanced AI intelligent algorithm, users can earn up to $8,000 The post 2025 Bitcoin Cloud Mining Wave: INEMiner Launches Zero Startup Capital appeared first on NFT Evening. Source: nftevening.com (Read Full Article)
Key player in $13M crypto Ponzi scheme pleads guilty
Vincent Anthony Mazzotta Jr has pleaded guilty to money laundering and conspiracy to obstruct justice, which together carry a maximum of 15 years in prison. Source: cointelegraph.com (Read Full Article)
Bank of Korea to launch virtual asset committee to monitor crypto
The Bank of Korea has also renamed its CBDC research and development teams to reflect their focus as practical business departments. Source: cointelegraph.com (Read Full Article)
AML Bitcoin founder gets 7 years in prison for crypto fraud
Rowland Marcus Andrade was sentenced to seven years in prison for making the cryptocurrency AML Bitcoin, which defrauded investors out of $10 million. Source: cointelegraph.com (Read Full Article)
Indonesia raises taxes on crypto exchange sales and miners
Indonesia’s Finance Ministry raised taxes for crypto miners and sellers, while exempting some crypto transactions from VAT. Source: cointelegraph.com (Read Full Article)