China state TV bashes Trump’s crypto policies in 30-minute special. New Telegram dark markets tie with Huione’s infrastructure. Asia Express. CCTV, Chinas state broadcasting mouthpiece, aired a half-hour special on cryptocurrencies and how the US is attempting to solidify dollar dominance with stablecoins.The July 27 broadcast framed the new US stablecoin legislation GENIUS Act, as a geopolitical turning point. CCTV pinpointed that the new rules explicitly ban a Federal Reserve-issued central bank digital currency (CBCD) while allowing stablecoins to export US debt in digital form.The broadcaster said stablecoins backed by US Treasury bonds represent the third phase of dollar hegemony after Bretton Woods gold and Middle Eastern oil. In this model, crypto users across the globe become indirect holders of US government debt, while stablecoin issuers emerge as the next generation of bond superbuyers. The program warned that this digital infrastructure could displace weaker currencies.Read more Source: cointelegraph.com (Read Full Article)

ETH’s funding rate turns negative as the price drops below $3,600. The good news is, traders are buying the dip! Key points: Retail investors bore the brunt of ETH’s long liquidations, but they also stepped in to buy the dip to $3,600. ETH price rebounded to its average trading range while Bitcoin continues to face heavy selling below $116,000.Read more Source: cointelegraph.com (Read Full Article)

Cointelegraph analyzed 16 company statements made this week and found a whopping $7.8 billion has been earmarked or used to buy crypto. Crypto treasury firms have begun moves to buy over $7.8 billion worth of cryptocurrencies this week, in possibly one of the biggest corporate crypto grabs in recent history — particularly for altcoins. Cointelegraph analyzed 16 company statements since Monday, which either announced a plan to buy or raise money for crypto. Ether (ETH) was the hottest target.At least five public companies have bought or have promised to purchase over $3 billion worth of ETH, which is around 45 times more than the amount of ETH issued in the past week.Read more Source: cointelegraph.com (Read Full Article)

Strategy’s Michael Saylor wants the US government to clearly define digital securities and commodities, as well as state when it is allowable to tokenize securities. Strategy’s Michael Saylor has joined the call for the US to create a formal crypto taxonomy to clearly define when a security can be tokenized and what constitutes a digital security or commodity. “My opinion is it would be beneficial to the market if they nail down the digital assets taxonomy,” Saylor said during Strategy’s second-quarter earnings call on Thursday.  The crypto industry has pushed the Trump administration to clear up the legal definitions for crypto after lengthy legal battles with the Securities and Exchange Commission over whether crypto assets are securities.Without a taxonomy, a lot of confusion would remain over who can issue what and under which circumstances, Saylor added. The current SEC has formed a Crypto Task Force to resolve some of these uncertainties.Read more Source: cointelegraph.com (Read Full Article)

Democratic senators have asked Comptroller of the Currency Jonathan Gould to explain how he’ll prevent Donald Trump from influencing stablecoin rules that may benefit his family. Crypto-skeptic US Senator Elizabeth Warren has led a letter to the Office of the Comptroller of the Currency expressing concerns over potential conflicts of interest involving the Trump family’s crypto business interests.Warren, along with Senators Chris Van Hollen and Ron Wyden, said in a letter to OCC head Jonathan Gould on Thursday that they’re concerned over “Trump and his family’s continued use of cryptocurrency business ventures to line their pockets.”They requested information on the steps the OCC will take to ensure that President Donald Trump’s “financial conflicts of interest do not influence the OCC’s efforts to ensure the safety and soundness of our banking system.”Read more Source: cointelegraph.com (Read Full Article)

During the WOO X hack, bad actors used social engineering to gain access to the development environment, according to Rob Behnke, chairman of Halborn. Bad actors and scammers stole at least $142 million from the crypto space in July across 17 separate attacks, with the exploit of crypto exchange CoinDCX accounting for the most significant loss. The total monthly losses represented a 27% increase from the $111 million in June, blockchain security firm PeckShield said in an X post on Friday.  However, it’s still a 46% drop from the same time last year, when July 2024 saw $266 million taken by hackers, with the $230 million breach of Indian crypto exchange WazirX accounting for the lion’s share at the time.Read more Source: cointelegraph.com (Read Full Article)

In 2025, governments hold over 463,000 BTC, with the US and China leading, while countries like Bhutan, Iran and the UK quietly build strategic reserves. Roughly 463,000 BTC — or about 2.3% of Bitcoin’s total supply — is currently held by governments around the world, according to publicly available blockchain data and legal disclosures. While that might sound like a small percentage, it equates to tens of billions of dollars in sovereign Bitcoin wealth, giving Bitcoin (BTC) a growing role in national asset strategies and state-level accumulation.Read more Source: cointelegraph.com (Read Full Article)

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. Key points:Bitcoin seals another multi-week low, this time filling a July gap in CME’s Bitcoin futures market.Traders hold mixed views of where BTC price will head next.Read more Source: cointelegraph.com (Read Full Article)

El Salvador approved indefinite reelection for president and extended terms to six years, sparking backlash from critics warning of increasing authoritarianism. El Salvador’s legislature approved sweeping constitutional changes, including allowing indefinite presidential reelection, effectively enabling President Nayib Bukele to remain in power beyond his current term.The package of five reforms, passed in a 57–3 vote by Bukele’s New Ideas party and allies, also extends the presidential term to six years from five and eliminates runoff voting, according to the Legislative Assembly of El Salvador.Opponents warned that the move concentrates power and threatens democratic institutions, as the changes remove term limits that have long served as checks on executive authority.Read more Source: cointelegraph.com (Read Full Article)

XRP cloud mining is possible in 2025, but approach with caution, as risks often outweigh the rewards. XRP cloud mining doesn’t mine XRP; it funds BTC or ETH contracts using XRP.Promised returns (100%-800% APR) are often unsustainable and lack transparency.High risks include scams, volatility and hidden fees, with little regulatory oversight.Read more Source: cointelegraph.com (Read Full Article)