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Smart contracts and staking arrive on Bitcoin’s base layer

From a cypherpunk idea to a trillion-dollar asset class, Bitcoin (BTC) has grown dramatically since its genesis block. Still barely a teenager as an asset, BTC has evolved into a globally recognized store of value.
Even as the world’s most secure blockchain, Bitcoin has long lacked the
BTC-1.11%
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Crypto token unlocks halve to $3B in August — SUI, FTN top the list

Crypto token unlocks are expected to fall sharply to $3 billion in August, down around 52% from the $6.3 billion in value unlocked in July, according to vesting data tracker Tokenomist
Despite the overall decrease, several high-profile unlocks could still impact prices. The biggest unlocks
TOKEN-10.45%
SUI-4.87%
FTN-0.1%
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7% dip or $141K breakout? Bitcoin speculators dictate BTC price targets

Key points:
Bitcoin short-term holders form important nearby BTC price support levels — but a gap remains between $110,000 and $115,000.
Glassnode suggests that the price may drop to “fill” that gap next.
Short-term holder
BTC-1.11%
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AML Bitcoin founder gets 7 years in prison for crypto fraud

The founder of a crypto token called AML Bitcoin has been sentenced to seven years in prison after being found guilty earlier this year of wire fraud and money laundering.
The US Department of Justice said on Tuesday that Rowland Marcus Andrade defrauded investors out of $10
BTC-1.11%
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Samourai Wallet co-founders to now plead guilty to US charges

Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill have said that they now wish to plead guilty to charges stemming from their involvement in the crypto mixing protocol.
Separate filings on behalf of Rodriguez and Hill were made in a New York federal court on Tuesday, which said
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MARA Holdings posts Q2 revenue beat with 64% year-on-year jump

Bitcoin miner MARA Holdings beat analyst expectations in its second-quarter earnings, which saw its share price slightly gain after-hours.
MARA Holdings’ revenues increased 64% year-on-year to $238 million, up from $145 million in Q2 2024 and also gaining from its $214 million revenues in the
BTC-1.11%
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Key player in $13M crypto Ponzi scheme pleads guilty

A major player in a crypto Ponzi scheme that duped victims out of $13 million with claims of using artificial intelligence-powered crypto trading bots and a fake government agency has pleaded guilty.
The US Department of Justice said on Monday that Vincent Anthony Mazzotta Jr admitted to his role i
BTC-1.11%
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XRP open interest sheds $2.4B: Is a price crash next?

Key takeaways:
XRP open interest remains elevated despite the recent drop, suggesting traders are still holding leveraged positions.
Low onchain activity on the XRP Ledger raises doubts about sustainable price gains above the $3 resistance level.
XRP (XRP) has fallen 15% since reaching $3.66 on
XRP-2.84%
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‘A joke in poor taste’: Tornado Cash T-shirt stirs controversy in court

Before Roman Storm’s defense attorneys rested their case on Tuesday, one matter that seemed to provoke some controversy in the courtroom was a T-shirt the Tornado Cash co-founder and developer wore at a crypto event in 2019.
During opening statements in the US
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Bitcoin price gained 50% the last time its volatility fell this low

Key takeaways:
The Bitcoin Implied Volatility Index has fallen to its lowest level since September 2023, hinting at a potential breakout.
The short-term holder realized cap drawdown is at -8%, which is historically a bullish accumulation zone.
Bitcoin’s (BTC) recent price action points to a
BTC-1.11%
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Down 99%, biotech firm 180 Life Sciences pivots to crypto with ETH bet

Nasdaq-listed 180 Life Sciences Corp plans to invest heavily in Ether and rebrand as ETHZilla Corporation, a strategic pivot away from its biotechnology origins amid mounting losses.
On Tuesday, the company announced a $425 million private placement aimed at building an Ether (ETH) treasury
ETH-2.71%
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Pyth Network brings Hong Kong stock prices onchain for global access

Decentralized oracle network Pyth Network has begun publishing real-time, onchain prices for 85 of the most valuable stocks listed in Hong Kong, giving builders and traders worldwide direct access to one of Asia’s most important equity markets.
The price feeds are sourced directly from
PYTH-9.46%
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The GENIUS Act passed and DePIN should be next

Opinion by: Aaron Basi, head of product at IoTeX
With the recent passage of the GENIUS Act, the United States has taken its first real step toward regulating crypto nationally. The bill focuses on stablecoins, establishing reserve rules, audits and authorized issuers. This is a milestone for the in
ACT-8.64%
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