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)
Dogecoin Slides 8% but Long-Term Channel Holds, Can DOGE Rebound?
Dogecoin fell 8% to $0.20 as traders watch its long-term channel, falling wedge pattern, and whale accumulation activity. Source: cryptopotato.com (Read Full Article)
XRP Is Set To Move Trillions — Banking CEO Drops Bombshell On Ripple’s Role In Tokenizing Finance
The Central banks, institutions, and payment corridors are experimenting with something deeper than crypto hype. From cross-border settlements to real-world assets, Ripple is building blockchain infrastructure. If recent comments from top banking executives are any indication, XRP may move trillions in value. The Settlement Layer No One Saw Coming According to KingXRP, the XRP Ledger (XRPL) is on the brink of a groundbreaking transformation that could unlock a staggering $196 trillion market through the emergence of RealFi and real-world finance powered by blockchain technology. His post includes a recent interview with Teucrium CEO Sal Gilbertie, where he made a bold declaration that XRP and Ripple will move trillions and tokenize the entire financial system. Related Reading: XRP’s Secret Weapon? Ripple Exec Says It’s Not What You Think As mentioned in the video, XRP is often misunderstood. It can be traded and speculated on like any other asset, but its true purpose goes much deeper. Ripple is the company behind XRP, and it was originally founded to facilitate fast, efficient money transfers across borders. Apparently, XRP is now evolving far beyond simple transactions. It’s becoming a foundational tool for tokenizing a wide range of assets and enabling the movement of value in new and innovative ways. As Ripple continues to advance its level 2 infrastructure, it’s becoming increasingly clear that they are positioning to tokenize the entire financial system. They have acquired a broker-dealer clearing member, which is a strategic move that brings them one step closer to integrating deeply with the traditional financial markets. This move marks what Gilbertie believes is the first step toward integrating traditional finance with DeFi. The acquisition of a broker-dealer isn’t just a technicality, but it’s the kind of infrastructure move that would rewire the system in the future. XRP Moves Into Institutional Payment Rails CryptoGeek has also shared an update on X about Ripple Chief Technology Officer (CTO), David Schwartz, stating that banks are now integrating XRP. Meanwhile, Ripple Bank will operate entirely on the XRP Ledger, settling all payments with XRP as its core asset. Related Reading: Ripple CEO Debunks SWIFT Partnership, XRP To Dramatically Change Payments Infrastructure Schwartz emphasized in the video that closing a deal with a bank always feels exciting, and it looks great on paper, which signals validation. However, behind the scenes, it’s a different story, and banks are extremely slow to move, cautious, conservative, and are bound by layers of internal processes. Furthermore, Schwartz stated that the team focused a lot on banks, because landing a press release with a major institution looked like progress. It felt like a milestone, and over time, the firm realized most of them were only in it for the optics. Featured image from Getty Images, chart from Tradingview.com Source: newsbtc.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)
US DOJ is not probing Dragonfly over Tornado Cash ties, exec says
The DOJ reportedly confirmed it is not targeting Dragonfly Ventures or its executives in the Tornado Cash case, despite earlier speculation and courtroom remarks. Source: cointelegraph.com (Read Full Article)
Hong Kong to begin 6-month transition period for new stablecoin rules
Hong Kong will begin enforcing its new stablecoin regulations on Friday, with a six-month transition period allowing temporary licenses for issuers. Source: cointelegraph.com (Read Full Article)
Japan’s crypto tax overhaul: What investors should know in 2025
Japan is proposing a major reform in its tax regime for crypto assets. If passed, these changes will make digital asset investing simpler for crypto investors. Source: cointelegraph.com (Read Full Article)
Trump’s crypto working group pushes for clearer rules as adoption grows
The White House’s digital asset task force calls on regulators to clarify crypto trading rules and accelerate innovation, as a major crypto bill becomes law and two more head to the Senate. Source: cointelegraph.com (Read Full Article)
Cboe, NYSE Arca move to streamline crypto ETF listings with SEC rule change request
Proposed filings aim to eliminate the need for individual ETF approvals and come a day after the SEC greenlit in-kind transactions for crypto funds. Source: cointelegraph.com (Read Full Article)