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        <title>CoinToday</title>
        <link>https://dev.cointoday.ai</link>
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        <description>AI-driven crypto media, CoinToday. Latest news about Altcoins, meme coins, RWA, STO, DeFi, NFTs, Market analysis, investment strategies and more.</description>
        
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            <title><![CDATA[Fed Chair Powell Faces Criminal Referral Over $600 Million Renovation Claim]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00305/fed-chair-powell-faces-criminal-referral-over-dollar600-million-renovation-claim</link>
            <guid>https://dev.cointoday.ai/en/news/market/00305/fed-chair-powell-faces-criminal-referral-over-dollar600-million-renovation-claim</guid>
            <description><![CDATA[- Representative Anna Paulina Luna accuses Fed Chair Jerome Powell of perjury.- Legal challenges intensify market speculation around a potential September rate cut.Representative Anna Paulina Luna, a Republican congresswoman from Florida, has referred Federal Reserve Chair Jerome Powell for a criminal investigation, alleging he committed perjury with his statements about the $600 million renovation of the Federal Reserve’s Eccles Building. The referral, dated July 19, 2025, accuses Powell of providing false information during his testimony before the Senate Banking Committee on June 25, 2025.In July 2025, media outlets reported that Luna’s referral alleges Powell made "materially false claims" regarding the scope of renovations, suggesting he downplayed the project's inclusion of luxury elements. According to Luna's letter to U.S. Attorney General Merrick Garland, Powell knowingly misled Congress about the nature and cost of the taxpayer-funded initiative. As a result, if convicted of perjury, Powell could face up to five years in prison and financial penalties.The Department of Justice has not commented publicly on the referral, and authorities have filed no formal charges against Powell. In response to the allegations, Powell denied any wrongdoing and ordered a formal watchdog investigation into the building's renovation costs. In addition, to address public scrutiny, the Federal Reserve published a video tour and detailed plans of the renovation on its official website.This legal development adds to growing political pressure on Powell amid broader debates on monetary policy. Former President Donald Trump, a frequent critic of Powell’s leadership, has advocated for sharp interest rate reductions, although he stated it is "highly unlikely" he would pursue Powell’s dismissal. Meanwhile, Luna’s referral adds complexity to the Federal Reserve Chair’s position during a time of intensified scrutiny.This controversy coincides with increased investor anticipation for an interest rate cut in September. According to market data from mid-August 2025, tools such as CME’s FedWatch report a 92% probability of a 25-basis-point rate reduction. Analysts observed a near 100% likelihood as of August 14, a figure that stands in stark contrast to the 56.1% probability reported at the end of July. Treasury Secretary Scott Bessent also acknowledged that the market is pricing in a significant likelihood of policy easing, citing cooling inflation and mounting tensions surrounding Powell’s leadership as reasons for this trend.]]></description>
            <pubDate>2025-08-17 16:31:03</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[- Representative Anna Paulina Luna accuses Fed Chair Jerome Powell of perjury.- Legal challenges intensify market speculation around a potential September rate cut.Representative Anna Paulina Luna, a Republican congresswoman from Florida, has referred Federal Reserve Chair Jerome Powell for a criminal investigation, alleging he committed perjury with his statements about the $600 million renovation of the Federal Reserve’s Eccles Building. The referral, dated July 19, 2025, accuses Powell of providing false information during his testimony before the Senate Banking Committee on June 25, 2025.In July 2025, media outlets reported that Luna’s referral alleges Powell made "materially false claims" regarding the scope of renovations, suggesting he downplayed the project's inclusion of luxury elements. According to Luna's letter to U.S. Attorney General Merrick Garland, Powell knowingly misled Congress about the nature and cost of the taxpayer-funded initiative. As a result, if convicted of perjury, Powell could face up to five years in prison and financial penalties.The Department of Justice has not commented publicly on the referral, and authorities have filed no formal charges against Powell. In response to the allegations, Powell denied any wrongdoing and ordered a formal watchdog investigation into the building's renovation costs. In addition, to address public scrutiny, the Federal Reserve published a video tour and detailed plans of the renovation on its official website.This legal development adds to growing political pressure on Powell amid broader debates on monetary policy. Former President Donald Trump, a frequent critic of Powell’s leadership, has advocated for sharp interest rate reductions, although he stated it is "highly unlikely" he would pursue Powell’s dismissal. Meanwhile, Luna’s referral adds complexity to the Federal Reserve Chair’s position during a time of intensified scrutiny.This controversy coincides with increased investor anticipation for an interest rate cut in September. According to market data from mid-August 2025, tools such as CME’s FedWatch report a 92% probability of a 25-basis-point rate reduction. Analysts observed a near 100% likelihood as of August 14, a figure that stands in stark contrast to the 56.1% probability reported at the end of July. Treasury Secretary Scott Bessent also acknowledged that the market is pricing in a significant likelihood of policy easing, citing cooling inflation and mounting tensions surrounding Powell’s leadership as reasons for this trend.]]></content:encoded>
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            <title><![CDATA[Ethereum Foundation Sells 10,000 ETH in $25.7 million Institutional OTC Deal]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00304/ethereum-foundation-sells-10000-eth-in-dollar257-million-institutional-otc-deal</link>
            <guid>https://dev.cointoday.ai/en/news/market/00304/ethereum-foundation-sells-10000-eth-in-dollar257-million-institutional-otc-deal</guid>
            <description><![CDATA[- Ethereum Foundation sells 10,000 ETH to Sharplink Gaming in a $25.7 million deal.- Sharplink to use the purchased ETH for staking, signaling institutional confidence.On July 10, 2025, the Ethereum Foundation sold 10,000 ETH to Sharplink Gaming in an over-the-counter (OTC) deal valued at approximately $25.7 million. In a press release on July 11, Sharplink confirmed the transaction price of $2,572.37 per ETH, noting it was structured to minimize market volatility.Sharplink Gaming, a publicly traded company using Ethereum as its primary treasury reserve asset, plans to use the purchased ETH for staking and restaking to fortify the Ethereum network. According to Sharplink’s Chairman and Ethereum co-founder, Joseph Lubin, the acquisition is part of a long-term strategy aimed at enhancing decentralization and strengthening institutional participation in the ecosystem.Industry experts view this move as a sign of growing confidence in Ethereum’s infrastructure. For instance, Matthew Sigel, VanEck’s Head of Digital Assets Research, described the transaction as a cornerstone of long-term, participation-based strategic trust in the blockchain.This key sale coincided with other bullish developments for Ethereum. On July 10, Robinhood expanded its Ethereum staking services, previously available only in Europe, to U.S. customers in most states with a $1 minimum. In addition, BitMEX co-founder Arthur Hayes repeated his bullish prediction that Ethereum could reach $10,000, citing increased institutional activity and favorable technical trends.Amid intensified trading on July 11, Ethereum’s price surged past $3,000. This followed reports from the previous day that ETH’s 24-hour futures trading volume on July 10 had surpassed Bitcoin’s, a rare event that underscored high market activity.On July 12, 2025, data from CoinMarketCap showed Ethereum (ETH) trading at $2,953.77 as of 05:44 UTC, representing a 1.738% decrease over the previous 24 hours.]]></description>
            <pubDate>2025-07-12 05:49:11</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[- Ethereum Foundation sells 10,000 ETH to Sharplink Gaming in a $25.7 million deal.- Sharplink to use the purchased ETH for staking, signaling institutional confidence.On July 10, 2025, the Ethereum Foundation sold 10,000 ETH to Sharplink Gaming in an over-the-counter (OTC) deal valued at approximately $25.7 million. In a press release on July 11, Sharplink confirmed the transaction price of $2,572.37 per ETH, noting it was structured to minimize market volatility.Sharplink Gaming, a publicly traded company using Ethereum as its primary treasury reserve asset, plans to use the purchased ETH for staking and restaking to fortify the Ethereum network. According to Sharplink’s Chairman and Ethereum co-founder, Joseph Lubin, the acquisition is part of a long-term strategy aimed at enhancing decentralization and strengthening institutional participation in the ecosystem.Industry experts view this move as a sign of growing confidence in Ethereum’s infrastructure. For instance, Matthew Sigel, VanEck’s Head of Digital Assets Research, described the transaction as a cornerstone of long-term, participation-based strategic trust in the blockchain.This key sale coincided with other bullish developments for Ethereum. On July 10, Robinhood expanded its Ethereum staking services, previously available only in Europe, to U.S. customers in most states with a $1 minimum. In addition, BitMEX co-founder Arthur Hayes repeated his bullish prediction that Ethereum could reach $10,000, citing increased institutional activity and favorable technical trends.Amid intensified trading on July 11, Ethereum’s price surged past $3,000. This followed reports from the previous day that ETH’s 24-hour futures trading volume on July 10 had surpassed Bitcoin’s, a rare event that underscored high market activity.On July 12, 2025, data from CoinMarketCap showed Ethereum (ETH) trading at $2,953.77 as of 05:44 UTC, representing a 1.738% decrease over the previous 24 hours.]]></content:encoded>
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            <title><![CDATA[Malta Commits to Crypto Fixes as EU Raises Concerns]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00303/malta-commits-to-crypto-fixes-as-eu-raises-concerns</link>
            <guid>https://dev.cointoday.ai/en/news/market/00303/malta-commits-to-crypto-fixes-as-eu-raises-concerns</guid>
            <description><![CDATA[- Malta remains dedicated to strengthening its role as an EU crypto regulation leader.- The MFSA vows to address gaps identified in the recent ESMA peer review.Malta has reaffirmed its commitment to leading European crypto regulation after a peer review by the European Securities and Markets Authority (ESMA) exposed deficiencies in its Markets in Crypto-Assets (MiCA) license procedures. The Malta Financial Services Authority (MFSA) stated that no current MiCA licenses are at risk and detailed plans to address these issues by September 2025.On July 11, 2025, Cointelegraph reported on the ESMA peer review, which was initiated in April 2025 to scrutinize how the MFSA authorizes and provides initial oversight for a specific crypto-asset service provider (CASP). The report, published on July 10, acknowledged the MFSA’s expertise and resources but noted shortcomings in the licensing process. The review cited several unresolved issues, including gaps in overseeing a provider’s growth strategies, managing conflicts of interest for multi-service providers, and assessing risks tied to decentralized finance (DeFi) exposure.The report outlined key recommendations for national regulators, urging them to speed up CASP evaluations, enhance oversight of multi-service providers, and proactively monitor DeFi risks. In response, the MFSA pledged to adopt all of ESMA’s recommendations by September 2025. Kenneth Farrugia, CEO of the MFSA, stated that these enhancements would bolster confidence among firms seeking MiCA licenses in Malta. An MFSA spokesperson also noted that the ESMA report acknowledged Malta as a 'highly effective supervisor' and credited the country's early adoption of crypto regulation in 2018 for cementing its leadership in the EU.Nevertheless, the ESMA review has reignited skepticism about Malta’s “Blockchain Island” aspirations. This adds to previous concerns, such as high rejection rates for initial license applications and scrutiny over FTX-linked entities once registered in Malta. As a result, critics argue that Malta’s lenient approach to MiCA licensing could undermine its credibility as a rigorous regulatory hub.The EU implemented the Markets in Crypto-Assets (MiCA) regulation on December 30, 2024, providing a unified framework that allows firms to operate throughout EU member states with a single license. Furthermore, Malta's own regulatory framework, introduced in 2018, closely parallels MiCA standards, reinforcing the country's appeal to crypto-focused enterprises.As of 12:00 UTC on July 12, 2025, Bitcoin (BTC) is trading at $31,504, which according to CoinMarketCap, reflects a 1.6% increase over the past 24 hours. Meanwhile, Ethereum (ETH) is trading at $1,978, marking a 0.4% decrease within the same timeframe.]]></description>
            <pubDate>2025-07-12 05:44:16</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[- Malta remains dedicated to strengthening its role as an EU crypto regulation leader.- The MFSA vows to address gaps identified in the recent ESMA peer review.Malta has reaffirmed its commitment to leading European crypto regulation after a peer review by the European Securities and Markets Authority (ESMA) exposed deficiencies in its Markets in Crypto-Assets (MiCA) license procedures. The Malta Financial Services Authority (MFSA) stated that no current MiCA licenses are at risk and detailed plans to address these issues by September 2025.On July 11, 2025, Cointelegraph reported on the ESMA peer review, which was initiated in April 2025 to scrutinize how the MFSA authorizes and provides initial oversight for a specific crypto-asset service provider (CASP). The report, published on July 10, acknowledged the MFSA’s expertise and resources but noted shortcomings in the licensing process. The review cited several unresolved issues, including gaps in overseeing a provider’s growth strategies, managing conflicts of interest for multi-service providers, and assessing risks tied to decentralized finance (DeFi) exposure.The report outlined key recommendations for national regulators, urging them to speed up CASP evaluations, enhance oversight of multi-service providers, and proactively monitor DeFi risks. In response, the MFSA pledged to adopt all of ESMA’s recommendations by September 2025. Kenneth Farrugia, CEO of the MFSA, stated that these enhancements would bolster confidence among firms seeking MiCA licenses in Malta. An MFSA spokesperson also noted that the ESMA report acknowledged Malta as a 'highly effective supervisor' and credited the country's early adoption of crypto regulation in 2018 for cementing its leadership in the EU.Nevertheless, the ESMA review has reignited skepticism about Malta’s “Blockchain Island” aspirations. This adds to previous concerns, such as high rejection rates for initial license applications and scrutiny over FTX-linked entities once registered in Malta. As a result, critics argue that Malta’s lenient approach to MiCA licensing could undermine its credibility as a rigorous regulatory hub.The EU implemented the Markets in Crypto-Assets (MiCA) regulation on December 30, 2024, providing a unified framework that allows firms to operate throughout EU member states with a single license. Furthermore, Malta's own regulatory framework, introduced in 2018, closely parallels MiCA standards, reinforcing the country's appeal to crypto-focused enterprises.As of 12:00 UTC on July 12, 2025, Bitcoin (BTC) is trading at $31,504, which according to CoinMarketCap, reflects a 1.6% increase over the past 24 hours. Meanwhile, Ethereum (ETH) is trading at $1,978, marking a 0.4% decrease within the same timeframe.]]></content:encoded>
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            <title><![CDATA[Ethereum Targets Global zk-Tech Leadership with zkEVM in 2025]]></title>
            <link>https://dev.cointoday.ai/en/news/analysis/00302/ethereum-targets-global-zk-tech-leadership-with-zkevm-in-2025</link>
            <guid>https://dev.cointoday.ai/en/news/analysis/00302/ethereum-targets-global-zk-tech-leadership-with-zkevm-in-2025</guid>
            <description><![CDATA[- Ethereum outlines zkEVM rollout to enhance scalability, security, and decentralization.- Transition could empower home-based validators and strengthen blockchain resilience.On July 11, 2025, Cointelegraph, BlockMedia, and the Ethereum Foundation blog reported that the Ethereum Foundation has announced plans to integrate a zero-knowledge Ethereum Virtual Machine (zkEVM) into its Layer 1 blockchain by mid-2026. This strategic initiative aims to enhance Ethereum’s block verification process and position the blockchain as a leader in zero-knowledge technology.This next-generation zkEVM technology will replace the current block verification method, which requires validators to re-execute all transactions. Instead, they will leverage cryptographically compact zero-knowledge proofs (ZK-proofs) for faster, more efficient block verification. As a result, deploying ZK-proofs will amplify scalability, security, and decentralization while preserving high network performance standards.To strengthen security, the Ethereum Foundation plans to implement multiple, independent "stateless zkVMs" to generate and verify ZK-proofs. Its roadmap sets rigorous performance benchmarks for zkVM teams: real-time proof generation within 10 seconds, energy consumption below 10 kilowatts, and hardware costs capped at $100,000. These goals aim to make network validation accessible through home-based equipment, which in turn will broaden user participation and foster robust decentralization and censorship resistance.The transition to a zkEVM-based validation process will be gradual. Initially, validators can run ZK clients alongside existing infrastructure on an optional basis. This phased approach ensures stability and reliability during the rollout. Once the proof system fulfills network requirements, ZK clients will become mandatory for standard validation.]]></description>
            <pubDate>2025-07-12 05:01:47</pubDate>
            <category><![CDATA[Analysis]]></category>
            <dc:creator><![CDATA[Planck]]></dc:creator>
            <content:encoded><![CDATA[- Ethereum outlines zkEVM rollout to enhance scalability, security, and decentralization.- Transition could empower home-based validators and strengthen blockchain resilience.On July 11, 2025, Cointelegraph, BlockMedia, and the Ethereum Foundation blog reported that the Ethereum Foundation has announced plans to integrate a zero-knowledge Ethereum Virtual Machine (zkEVM) into its Layer 1 blockchain by mid-2026. This strategic initiative aims to enhance Ethereum’s block verification process and position the blockchain as a leader in zero-knowledge technology.This next-generation zkEVM technology will replace the current block verification method, which requires validators to re-execute all transactions. Instead, they will leverage cryptographically compact zero-knowledge proofs (ZK-proofs) for faster, more efficient block verification. As a result, deploying ZK-proofs will amplify scalability, security, and decentralization while preserving high network performance standards.To strengthen security, the Ethereum Foundation plans to implement multiple, independent "stateless zkVMs" to generate and verify ZK-proofs. Its roadmap sets rigorous performance benchmarks for zkVM teams: real-time proof generation within 10 seconds, energy consumption below 10 kilowatts, and hardware costs capped at $100,000. These goals aim to make network validation accessible through home-based equipment, which in turn will broaden user participation and foster robust decentralization and censorship resistance.The transition to a zkEVM-based validation process will be gradual. Initially, validators can run ZK clients alongside existing infrastructure on an optional basis. This phased approach ensures stability and reliability during the rollout. Once the proof system fulfills network requirements, ZK clients will become mandatory for standard validation.]]></content:encoded>
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            <title><![CDATA[Trump's $3T Spending Bill Spurs Bitcoin Surge Amid Inflation Fears]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00301/trumps-dollar3t-spending-bill-spurs-bitcoin-surge-amid-inflation-fears</link>
            <guid>https://dev.cointoday.ai/en/news/market/00301/trumps-dollar3t-spending-bill-spurs-bitcoin-surge-amid-inflation-fears</guid>
            <description><![CDATA[- President Donald Trump signs a $3 trillion spending bill, stirring debt and inflation concerns.- Bitcoin gains momentum as a hedge against inflation and traditional financial risks.On July 11, 2025, President Donald Trump signed the "Big, Beautiful Bill," a sweeping piece of legislation projected to increase the U.S. national debt by $3 trillion over the next decade. On the same day, The Motley Fool South Korea reported that the bill extends the 2017 tax cuts and introduces new reductions for tips, overtime pay, and retirement income, while also implementing cuts to welfare programs like Medicaid and the Supplemental Nutrition Assistance Program (SNAP). The Congressional Budget Office (CBO) also warned on July 11 that the legislation may substantially widen the long-term fiscal deficit.The bill's expansive spending and interrupted interest rate hikes have intensified inflation concerns. Consequently, analysts suggest that Bitcoin, a decentralized asset with a finite supply, is well-positioned to thrive in this environment. Investors increasingly recognize it as a hedge against inflation and a safeguard from the limitations of traditional financial systems.The bill's provisions are expected to stimulate economic activity but also drive inflationary pressures upward. This macroeconomic backdrop prompts many investors to see Bitcoin as a safe-haven asset, using it to shield their wealth from rising prices and a potential U.S. dollar devaluation.Dubbed the "One Big Beautiful Bill Act," the legislation has sparked debates over its impact on fiscal sustainability and economic inequality. Depending on economic conditions, analysts predict the national debt will increase by $2.4 trillion to $5 trillion over the next decade. While supporters tout the bill as a political win for President Trump, critics remain wary of its broader economic ramifications.According to CoinMarketCap on July 12, 2025, Bitcoin (BTC) traded at $117,837.16 as of 04:28 UTC, marking a 1.06% gain over the previous 24 hours. The cryptocurrency’s 24-hour trading volume reached $80,371,120,893.32, highlighting its growing role as a financial alternative in uncertain times.]]></description>
            <pubDate>2025-07-12 04:33:39</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[- President Donald Trump signs a $3 trillion spending bill, stirring debt and inflation concerns.- Bitcoin gains momentum as a hedge against inflation and traditional financial risks.On July 11, 2025, President Donald Trump signed the "Big, Beautiful Bill," a sweeping piece of legislation projected to increase the U.S. national debt by $3 trillion over the next decade. On the same day, The Motley Fool South Korea reported that the bill extends the 2017 tax cuts and introduces new reductions for tips, overtime pay, and retirement income, while also implementing cuts to welfare programs like Medicaid and the Supplemental Nutrition Assistance Program (SNAP). The Congressional Budget Office (CBO) also warned on July 11 that the legislation may substantially widen the long-term fiscal deficit.The bill's expansive spending and interrupted interest rate hikes have intensified inflation concerns. Consequently, analysts suggest that Bitcoin, a decentralized asset with a finite supply, is well-positioned to thrive in this environment. Investors increasingly recognize it as a hedge against inflation and a safeguard from the limitations of traditional financial systems.The bill's provisions are expected to stimulate economic activity but also drive inflationary pressures upward. This macroeconomic backdrop prompts many investors to see Bitcoin as a safe-haven asset, using it to shield their wealth from rising prices and a potential U.S. dollar devaluation.Dubbed the "One Big Beautiful Bill Act," the legislation has sparked debates over its impact on fiscal sustainability and economic inequality. Depending on economic conditions, analysts predict the national debt will increase by $2.4 trillion to $5 trillion over the next decade. While supporters tout the bill as a political win for President Trump, critics remain wary of its broader economic ramifications.According to CoinMarketCap on July 12, 2025, Bitcoin (BTC) traded at $117,837.16 as of 04:28 UTC, marking a 1.06% gain over the previous 24 hours. The cryptocurrency’s 24-hour trading volume reached $80,371,120,893.32, highlighting its growing role as a financial alternative in uncertain times.]]></content:encoded>
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            <title><![CDATA[MP Materials Soars 50.38% After Defense Department Stake Buy]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00300/mp-materials-soars-5038percent-after-defense-department-stake-buy</link>
            <guid>https://dev.cointoday.ai/en/news/market/00300/mp-materials-soars-5038percent-after-defense-department-stake-buy</guid>
            <description><![CDATA[- MP Materials' stock surged 50.38% to $45.16 on July 11, 2025.- The leap came after the U.S. Department of Defense announced a multi-billion-dollar investment to bolster rare earth magnet production.Shares of MP Materials soared 50.38% on July 11, 2025, following a U.S. Department of Defense (DoD) announcement of a landmark investment to reshape the nation's rare earth magnet supply chain. The stock reached an intraday peak of $48.115, representing a 60.2% increase, before settling at $45.16 by market close.On July 10, 2025, the DoD detailed the commitment, which involves a $400 million purchase of MP Materials' convertible preferred stock and a warrant to acquire additional common stock. The initial conversion and exercise price is set at $30.03 per share. If fully converted, this deal would grant the DoD approximately 15% ownership of MP Materials, making it the company’s largest single shareholder. The parties expected the transaction to close on July 11.MP Materials plans to use the proceeds to expand its rare earth magnet production and refining infrastructure, allocating a substantial portion of the funding to build a second domestic magnet manufacturing plant, dubbed the "10X Facility." The company plans to commission the facility in 2028. Once operational, the facility aims to elevate U.S. magnet production capacity to approximately 10,000 metric tons annually.On July 10, 2025, James Litinsky, CEO of MP Materials, said in a statement that the partnership is a "decisive action by the Trump administration to accelerate American supply chain independence," noting the critical role the collaboration will play in securing a domestic source of rare earth magnets essential for U.S. industries.On July 11, 2025, CoinMarketCap data showed MP Materials (MP) trading at $45.16 as of 12:00 UTC. This price represented a 50.38% increase over the previous 24 hours.]]></description>
            <pubDate>2025-07-11 07:45:00</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[- MP Materials' stock surged 50.38% to $45.16 on July 11, 2025.- The leap came after the U.S. Department of Defense announced a multi-billion-dollar investment to bolster rare earth magnet production.Shares of MP Materials soared 50.38% on July 11, 2025, following a U.S. Department of Defense (DoD) announcement of a landmark investment to reshape the nation's rare earth magnet supply chain. The stock reached an intraday peak of $48.115, representing a 60.2% increase, before settling at $45.16 by market close.On July 10, 2025, the DoD detailed the commitment, which involves a $400 million purchase of MP Materials' convertible preferred stock and a warrant to acquire additional common stock. The initial conversion and exercise price is set at $30.03 per share. If fully converted, this deal would grant the DoD approximately 15% ownership of MP Materials, making it the company’s largest single shareholder. The parties expected the transaction to close on July 11.MP Materials plans to use the proceeds to expand its rare earth magnet production and refining infrastructure, allocating a substantial portion of the funding to build a second domestic magnet manufacturing plant, dubbed the "10X Facility." The company plans to commission the facility in 2028. Once operational, the facility aims to elevate U.S. magnet production capacity to approximately 10,000 metric tons annually.On July 10, 2025, James Litinsky, CEO of MP Materials, said in a statement that the partnership is a "decisive action by the Trump administration to accelerate American supply chain independence," noting the critical role the collaboration will play in securing a domestic source of rare earth magnets essential for U.S. industries.On July 11, 2025, CoinMarketCap data showed MP Materials (MP) trading at $45.16 as of 12:00 UTC. This price represented a 50.38% increase over the previous 24 hours.]]></content:encoded>
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            <title><![CDATA[German Government’s Bitcoin Sale Costs Up to $2.8B Amid Rally]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00299/german-governments-bitcoin-sale-costs-up-to-dollar28b-amid-rally</link>
            <guid>https://dev.cointoday.ai/en/news/market/00299/german-governments-bitcoin-sale-costs-up-to-dollar28b-amid-rally</guid>
            <description><![CDATA[- Germany sold 50,000 seized Bitcoin, generating $2.9 billion but missing $1.7–$2.8 billion in potential profits.- Analysts attribute losses to poor timing during a Bitcoin market surge.The German government seized 50,000 Bitcoin from the operators of Movie2k.to and later sold these assets for approximately $2.9 billion. However, reports suggest the government missed significant profit opportunities due to its timing decisions.The government liquidated the seized Bitcoin throughout the summer of 2024, and market analysts quickly highlighted potential profit losses, noting the sales occurred during lower trading conditions. On November 12, 2024, Coin Edition reported that the sales occurred at a price below $54,000 per coin, which led to an estimated $1.7 billion in missed profits during Bitcoin’s post-election rally. As Bitcoin’s value climbed over $70,000, reports in May 2025 from CoinoMedia and Bitget News provided higher missed-profit estimates of up to $2.8 billion. Subsequently, on July 11, 2025, Watcher.Guru also reported the $2.8 billion figure, and on the same day, ChainCatcher confirmed similar numbers, citing Watcher.Guru data.The government, which had confiscated the assets in January 2024, directed them to major exchanges like Coinbase, Kraken, and Bitstamp for liquidation in June. According to Watcher.Guru, specific sales events followed. For instance, on July 8, 2024, Germany sold 2,738.7 BTC for $155.3 million, followed by a single-day sale of 17,000 BTC for $951 million. By July 11, Germany’s Bitcoin reserves had dropped to under 5,000 BTC, and the government concluded the liquidation on July 12, with total sales reaching $2.9 billion.Reports consistently identify poor market timing as the central reason for the missed profits. Estimates ranged from $1.7 billion in 2024 to the $2.8 billion figure published in 2025. Some outlets initially cited figures as high as $3.1 billion; however, these reports remain unverified and appear overstated when compared to official data.On July 11, 2025, CoinMarketCap reported that Bitcoin (BTC) was trading at $115,887.316 as of 02:04 UTC. This price represented a 4.08% increase in its 24-hour trading volume.]]></description>
            <pubDate>2025-07-11 02:10:40</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[- Germany sold 50,000 seized Bitcoin, generating $2.9 billion but missing $1.7–$2.8 billion in potential profits.- Analysts attribute losses to poor timing during a Bitcoin market surge.The German government seized 50,000 Bitcoin from the operators of Movie2k.to and later sold these assets for approximately $2.9 billion. However, reports suggest the government missed significant profit opportunities due to its timing decisions.The government liquidated the seized Bitcoin throughout the summer of 2024, and market analysts quickly highlighted potential profit losses, noting the sales occurred during lower trading conditions. On November 12, 2024, Coin Edition reported that the sales occurred at a price below $54,000 per coin, which led to an estimated $1.7 billion in missed profits during Bitcoin’s post-election rally. As Bitcoin’s value climbed over $70,000, reports in May 2025 from CoinoMedia and Bitget News provided higher missed-profit estimates of up to $2.8 billion. Subsequently, on July 11, 2025, Watcher.Guru also reported the $2.8 billion figure, and on the same day, ChainCatcher confirmed similar numbers, citing Watcher.Guru data.The government, which had confiscated the assets in January 2024, directed them to major exchanges like Coinbase, Kraken, and Bitstamp for liquidation in June. According to Watcher.Guru, specific sales events followed. For instance, on July 8, 2024, Germany sold 2,738.7 BTC for $155.3 million, followed by a single-day sale of 17,000 BTC for $951 million. By July 11, Germany’s Bitcoin reserves had dropped to under 5,000 BTC, and the government concluded the liquidation on July 12, with total sales reaching $2.9 billion.Reports consistently identify poor market timing as the central reason for the missed profits. Estimates ranged from $1.7 billion in 2024 to the $2.8 billion figure published in 2025. Some outlets initially cited figures as high as $3.1 billion; however, these reports remain unverified and appear overstated when compared to official data.On July 11, 2025, CoinMarketCap reported that Bitcoin (BTC) was trading at $115,887.316 as of 02:04 UTC. This price represented a 4.08% increase in its 24-hour trading volume.]]></content:encoded>
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            <title><![CDATA[El Salvador’s Bitcoin Bet Pays Off with $400 Million Profit]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00298/el-salvadors-bitcoin-bet-pays-off-with-dollar400-million-profit</link>
            <guid>https://dev.cointoday.ai/en/news/market/00298/el-salvadors-bitcoin-bet-pays-off-with-dollar400-million-profit</guid>
            <description><![CDATA[- El Salvador reports approximately $400 million in unrealized Bitcoin investment profits.- The government holds 6,233.18 BTC, valued at $694 million as of July 10, 2025.On July 10, 2025, El Salvador's National Bitcoin Office reported that the country has generated an estimated $400 million in unrealized profit from its Bitcoin investments. This profit stems from its holdings of 6,233.18 BTC, which are valued at approximately $694 million based on prevailing market prices.As the first nation to adopt Bitcoin as legal tender in 2021, El Salvador has consistently invested in the cryptocurrency. Consequently, the recent report highlights the significance of these returns amid fluctuating price trends and underscores the country’s ongoing efforts to integrate Bitcoin into the national economy.Also on July 10, Binance News reported these figures, citing the National Bitcoin Office as its primary source. Crypto Times similarly confirmed the data on the same day. These external confirmations validate the data and highlight the broader implications of El Salvador's Bitcoin strategy.As of 07:15 UTC on July 10, Bitcoin (BTC) was trading at $111,458.83, while its 24-hour trading volume had increased by 2.435%.]]></description>
            <pubDate>2025-07-10 07:20:15</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[- El Salvador reports approximately $400 million in unrealized Bitcoin investment profits.- The government holds 6,233.18 BTC, valued at $694 million as of July 10, 2025.On July 10, 2025, El Salvador's National Bitcoin Office reported that the country has generated an estimated $400 million in unrealized profit from its Bitcoin investments. This profit stems from its holdings of 6,233.18 BTC, which are valued at approximately $694 million based on prevailing market prices.As the first nation to adopt Bitcoin as legal tender in 2021, El Salvador has consistently invested in the cryptocurrency. Consequently, the recent report highlights the significance of these returns amid fluctuating price trends and underscores the country’s ongoing efforts to integrate Bitcoin into the national economy.Also on July 10, Binance News reported these figures, citing the National Bitcoin Office as its primary source. Crypto Times similarly confirmed the data on the same day. These external confirmations validate the data and highlight the broader implications of El Salvador's Bitcoin strategy.As of 07:15 UTC on July 10, Bitcoin (BTC) was trading at $111,458.83, while its 24-hour trading volume had increased by 2.435%.]]></content:encoded>
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            <title><![CDATA[Polygon’s POL Jumps 6% Ahead of Heimdall v2 Upgrade]]></title>
            <link>https://dev.cointoday.ai/en/news/analysis/00297/polygons-pol-jumps-6percent-ahead-of-heimdall-v2-upgrade</link>
            <guid>https://dev.cointoday.ai/en/news/analysis/00297/polygons-pol-jumps-6percent-ahead-of-heimdall-v2-upgrade</guid>
            <description><![CDATA[-   Polygon's POL token gains 6%, signaling anticipation for Heimdall v2.-   Upgrade aims to cut block finality to five seconds.Polygon's POL token surged over 6% ahead of the much-heralded Heimdall v2 upgrade, scheduled for July 10, 2025. This upgrade marks a pivotal step for the network’s performance and scalability. Polygon Foundation CEO Sandeep Nailwal highlighted the upgrade's significance, describing it as the most technically complex hard-fork Polygon PoS has seen since its launch in 2020. Its primary goals are to reduce block finality to approximately five seconds and modernize outdated technical infrastructure from the 2018–2019 era.Technical details for the upgrade have been released across several platforms. According to a Polygon Community Forum post on June 6, 2025, the changes include improved transaction processing, state synchronization enhancements, and more efficient external data handling. In addition, U.Today reported on June 27 that the upgrade incorporates a switch from Hex to Base64 encoding for improved efficiency, a point also emphasized by Cryptonews.net and Blockmedia on June 29 and June 28, respectively. On July 9, The Block reported that the Heimdall v2 upgrade will transition the network from Tendermint consensus to Polygon’s own CometBFT fork and will also update the Polygon Cosmos SDK fork. These updates are designed to slash transaction confirmation times from 90 seconds to just five seconds while bolstering network security.The network will execute the transition from Heimdall v1 to v2 on the mainnet on July 10, 2025, between 2:00 PM and 5:00 PM UTC. The script execution is estimated to take 30 minutes, not including potential troubleshooting. In preparation for the hard fork, Binance announced on July 9 that it would suspend deposits and withdrawals of tokens on the Polygon network starting at 21:00 UTC on July 10.The market has responded positively to the news. As of 06:48 UTC on July 9, 2025, POL (formerly MATIC) traded at $0.20, a 7.29% increase over the previous 24 hours. According to the latest market data, this price movement was accompanied by a significant rise in its 24-hour trading volume, signaling strong investor interest.]]></description>
            <pubDate>2025-07-09 06:54:56</pubDate>
            <category><![CDATA[Analysis]]></category>
            <dc:creator><![CDATA[Planck]]></dc:creator>
            <content:encoded><![CDATA[-   Polygon's POL token gains 6%, signaling anticipation for Heimdall v2.-   Upgrade aims to cut block finality to five seconds.Polygon's POL token surged over 6% ahead of the much-heralded Heimdall v2 upgrade, scheduled for July 10, 2025. This upgrade marks a pivotal step for the network’s performance and scalability. Polygon Foundation CEO Sandeep Nailwal highlighted the upgrade's significance, describing it as the most technically complex hard-fork Polygon PoS has seen since its launch in 2020. Its primary goals are to reduce block finality to approximately five seconds and modernize outdated technical infrastructure from the 2018–2019 era.Technical details for the upgrade have been released across several platforms. According to a Polygon Community Forum post on June 6, 2025, the changes include improved transaction processing, state synchronization enhancements, and more efficient external data handling. In addition, U.Today reported on June 27 that the upgrade incorporates a switch from Hex to Base64 encoding for improved efficiency, a point also emphasized by Cryptonews.net and Blockmedia on June 29 and June 28, respectively. On July 9, The Block reported that the Heimdall v2 upgrade will transition the network from Tendermint consensus to Polygon’s own CometBFT fork and will also update the Polygon Cosmos SDK fork. These updates are designed to slash transaction confirmation times from 90 seconds to just five seconds while bolstering network security.The network will execute the transition from Heimdall v1 to v2 on the mainnet on July 10, 2025, between 2:00 PM and 5:00 PM UTC. The script execution is estimated to take 30 minutes, not including potential troubleshooting. In preparation for the hard fork, Binance announced on July 9 that it would suspend deposits and withdrawals of tokens on the Polygon network starting at 21:00 UTC on July 10.The market has responded positively to the news. As of 06:48 UTC on July 9, 2025, POL (formerly MATIC) traded at $0.20, a 7.29% increase over the previous 24 hours. According to the latest market data, this price movement was accompanied by a significant rise in its 24-hour trading volume, signaling strong investor interest.]]></content:encoded>
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            <title><![CDATA[JP Morgan and Circle Lead On-Chain Finance Shake-Up]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00296/jp-morgan-and-circle-lead-on-chain-finance-shake-up</link>
            <guid>https://dev.cointoday.ai/en/news/market/00296/jp-morgan-and-circle-lead-on-chain-finance-shake-up</guid>
            <description><![CDATA[-   JP Morgan and Circle are redefining finance in a blockchain-first era.-   Their strategies highlight the convergence of traditional banking and crypto-native innovation, setting the stage for intensified competition.On July 9, 2025, Coinreaders reported that JP Morgan and Circle are spearheading the next chapter of on-chain finance, citing a study by Tiger Research. This move heats up the rivalry between traditional banking giants and crypto innovators. As the boundaries between these sectors blur, companies must blend regulation and technology to leverage their competitive advantages and design the future of financial systems.The Tiger Research study highlighted two key players that embody this convergence: JP Morgan and Circle. JP Morgan, a major player in traditional finance, actively integrates blockchain technology by issuing its deposit token, JPMD, on the Base chain. The JPMD token represents a dollar deposit at the bank and targets institutional clients, providing an alternative to stablecoins by offering interest-bearing security and depositor protection. The token allows instant, 24/7 transactions for less than $0.01 and ensures immediate cash conversion without a conventional off-ramp. Through this move, JP Morgan combines the reliability of traditional banking with the transactional efficiency of blockchain, underscoring its commitment to bridging the financial sectors.Meanwhile, Circle, the issuer of the USDC stablecoin, is actively pursuing federal regulatory approval to establish its own trust bank. Currently, Circle relies on third parties like BNY Mellon and BlackRock to hold and manage its reserves, but the company aims to independently oversee USDC’s reserves by creating the “First National Digital Currency Bank.” According to Tiger Research, this development would enhance Circle’s operational independence and expand its range of financial services, also bringing the company into closer alignment with emerging U.S. regulatory frameworks. If the Office of the Comptroller of the Currency (OCC) approves the plan, Circle's trust bank would mark a significant step, allowing the company to bolster its infrastructure and solidify its competitive position in the evolving landscape of on-chain finance.This dynamic competition shows how JP Morgan and Circle are driving transformative change in the financial ecosystem by redefining the roles of traditional banks and crypto-native firms. As of July 9, 05:42 UTC, USDC (USDC) is trading at $1, with a 0% change in 24-hour volume, according to CoinMarketCap.]]></description>
            <pubDate>2025-07-09 05:49:40</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[-   JP Morgan and Circle are redefining finance in a blockchain-first era.-   Their strategies highlight the convergence of traditional banking and crypto-native innovation, setting the stage for intensified competition.On July 9, 2025, Coinreaders reported that JP Morgan and Circle are spearheading the next chapter of on-chain finance, citing a study by Tiger Research. This move heats up the rivalry between traditional banking giants and crypto innovators. As the boundaries between these sectors blur, companies must blend regulation and technology to leverage their competitive advantages and design the future of financial systems.The Tiger Research study highlighted two key players that embody this convergence: JP Morgan and Circle. JP Morgan, a major player in traditional finance, actively integrates blockchain technology by issuing its deposit token, JPMD, on the Base chain. The JPMD token represents a dollar deposit at the bank and targets institutional clients, providing an alternative to stablecoins by offering interest-bearing security and depositor protection. The token allows instant, 24/7 transactions for less than $0.01 and ensures immediate cash conversion without a conventional off-ramp. Through this move, JP Morgan combines the reliability of traditional banking with the transactional efficiency of blockchain, underscoring its commitment to bridging the financial sectors.Meanwhile, Circle, the issuer of the USDC stablecoin, is actively pursuing federal regulatory approval to establish its own trust bank. Currently, Circle relies on third parties like BNY Mellon and BlackRock to hold and manage its reserves, but the company aims to independently oversee USDC’s reserves by creating the “First National Digital Currency Bank.” According to Tiger Research, this development would enhance Circle’s operational independence and expand its range of financial services, also bringing the company into closer alignment with emerging U.S. regulatory frameworks. If the Office of the Comptroller of the Currency (OCC) approves the plan, Circle's trust bank would mark a significant step, allowing the company to bolster its infrastructure and solidify its competitive position in the evolving landscape of on-chain finance.This dynamic competition shows how JP Morgan and Circle are driving transformative change in the financial ecosystem by redefining the roles of traditional banks and crypto-native firms. As of July 9, 05:42 UTC, USDC (USDC) is trading at $1, with a 0% change in 24-hour volume, according to CoinMarketCap.]]></content:encoded>
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            <title><![CDATA[OmegaPro Executives Charged in $650 million Crypto Fraud Scheme]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00295/omegapro-executives-charged-in-dollar650-million-crypto-fraud-scheme</link>
            <guid>https://dev.cointoday.ai/en/news/market/00295/omegapro-executives-charged-in-dollar650-million-crypto-fraud-scheme</guid>
            <description><![CDATA[- $650 million fraud alleged in OmegaPro forex trading scheme.- Defendants projected logo on Dubai’s Burj Khalifa as part of scam.On July 9, 2025, CNBC reported that U.S. federal prosecutors charged two individuals in a $650 million cryptocurrency investment fraud scheme tied to OmegaPro. Prosecutors charged Michael Shannon Sims, 48, a resident of Georgia and Florida, and Juan Carlos Reynoso, 57, a resident of New Jersey and Florida. The pair allegedly operated OmegaPro as a multi-level marketing scheme to defraud investors globally.OmegaPro claimed to offer "investment packages" that required payment in cryptocurrency, promising returns of up to 300% over 16 months through foreign exchange trading. However, prosecutors allege that instead of investing the funds for their clients, the defendants misappropriated millions of dollars. An indictment unsealed in the District of Puerto Rico charges Sims and Reynoso with conspiracy to commit wire fraud and conspiracy to commit money laundering. If convicted, each count carries a maximum sentence of 20 years in prison.To reinforce their alleged scheme, Sims and Reynoso portrayed an image of extravagant success and legitimacy by showcasing lavish lifestyles on social media and hosting upscale promotional events. Notably, the defendants and their associates projected the OmegaPro logo onto the Burj Khalifa in Dubai. According to court filings, the scheme unraveled after OmegaPro falsely claimed a network hack had occurred. The defendants then redirected victims' funds to another platform called Broker Group, but investors could not withdraw their money from either OmegaPro or Broker Group, resulting in significant financial losses.U.S. Attorney W. Stephen Muldrow has pledged a continued commitment to fighting international financial schemes that target U.S. victims. In addition, multiple federal agencies, including the FBI and IRS Criminal Investigation, cooperated in the investigation. On July 9, Guy Ficco, Chief of Criminal Investigations at the IRS, stated, “This case exposes the ruthless reality of modern financial crime. OmegaPro promised financial freedom but delivered financial ruin.”Meanwhile, in the broader crypto market, CoinMarketCap data showed that as of July 9 at 13:00 UTC, Bitcoin (BTC) was trading at $30,712, with its 24-hour trading volume down 1.2%. During the same period, Ethereum (ETH) was trading at $1,960, and its 24-hour volume held steady with a 0% change.]]></description>
            <pubDate>2025-07-09 02:08:42</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[- $650 million fraud alleged in OmegaPro forex trading scheme.- Defendants projected logo on Dubai’s Burj Khalifa as part of scam.On July 9, 2025, CNBC reported that U.S. federal prosecutors charged two individuals in a $650 million cryptocurrency investment fraud scheme tied to OmegaPro. Prosecutors charged Michael Shannon Sims, 48, a resident of Georgia and Florida, and Juan Carlos Reynoso, 57, a resident of New Jersey and Florida. The pair allegedly operated OmegaPro as a multi-level marketing scheme to defraud investors globally.OmegaPro claimed to offer "investment packages" that required payment in cryptocurrency, promising returns of up to 300% over 16 months through foreign exchange trading. However, prosecutors allege that instead of investing the funds for their clients, the defendants misappropriated millions of dollars. An indictment unsealed in the District of Puerto Rico charges Sims and Reynoso with conspiracy to commit wire fraud and conspiracy to commit money laundering. If convicted, each count carries a maximum sentence of 20 years in prison.To reinforce their alleged scheme, Sims and Reynoso portrayed an image of extravagant success and legitimacy by showcasing lavish lifestyles on social media and hosting upscale promotional events. Notably, the defendants and their associates projected the OmegaPro logo onto the Burj Khalifa in Dubai. According to court filings, the scheme unraveled after OmegaPro falsely claimed a network hack had occurred. The defendants then redirected victims' funds to another platform called Broker Group, but investors could not withdraw their money from either OmegaPro or Broker Group, resulting in significant financial losses.U.S. Attorney W. Stephen Muldrow has pledged a continued commitment to fighting international financial schemes that target U.S. victims. In addition, multiple federal agencies, including the FBI and IRS Criminal Investigation, cooperated in the investigation. On July 9, Guy Ficco, Chief of Criminal Investigations at the IRS, stated, “This case exposes the ruthless reality of modern financial crime. OmegaPro promised financial freedom but delivered financial ruin.”Meanwhile, in the broader crypto market, CoinMarketCap data showed that as of July 9 at 13:00 UTC, Bitcoin (BTC) was trading at $30,712, with its 24-hour trading volume down 1.2%. During the same period, Ethereum (ETH) was trading at $1,960, and its 24-hour volume held steady with a 0% change.]]></content:encoded>
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            <title><![CDATA[Bitcoin Bull Run: U.S. Whale Sell-Offs Drop Since April]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00293/bitcoin-bull-run-us-whale-sell-offs-drop-since-april</link>
            <guid>https://dev.cointoday.ai/en/news/market/00293/bitcoin-bull-run-us-whale-sell-offs-drop-since-april</guid>
            <description><![CDATA[- Reduced selling by U.S. whales and institutional investors since April 2025.- Market sentiment signaling continued bullish momentum into late 2025.On July 8, 2025, a report from CryptoQuant.com Korea revealed that Bitcoin’s upward market trajectory began in April, driven by reduced sell-offs from U.S. whales and institutional investors. This decline in significant selling activity has bolstered sustained buying pressure, fueling Bitcoin’s current bullish momentum.The analysis noted that while smaller-scale corrections may still occur due to occasional market overheating, a consistent reduction in large-scale sell-offs has helped establish firmer support levels for Bitcoin. Heading into the second half of 2025, the market outlook remains optimistic as persistent buying interest continues to fuel upward pressure on Bitcoin’s price.The report highlighted that the combination of reduced selling activity and growing demand has played a critical role in stabilizing the cryptocurrency market after periods of volatility earlier this year.According to CoinMarketCap, Bitcoin (BTC) was trading at $108,054.40 as of July 8 at 05:39 UTC. Its 24-hour trading volume decreased by 1.02%.]]></description>
            <pubDate>2025-07-08 05:47:27</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[- Reduced selling by U.S. whales and institutional investors since April 2025.- Market sentiment signaling continued bullish momentum into late 2025.On July 8, 2025, a report from CryptoQuant.com Korea revealed that Bitcoin’s upward market trajectory began in April, driven by reduced sell-offs from U.S. whales and institutional investors. This decline in significant selling activity has bolstered sustained buying pressure, fueling Bitcoin’s current bullish momentum.The analysis noted that while smaller-scale corrections may still occur due to occasional market overheating, a consistent reduction in large-scale sell-offs has helped establish firmer support levels for Bitcoin. Heading into the second half of 2025, the market outlook remains optimistic as persistent buying interest continues to fuel upward pressure on Bitcoin’s price.The report highlighted that the combination of reduced selling activity and growing demand has played a critical role in stabilizing the cryptocurrency market after periods of volatility earlier this year.According to CoinMarketCap, Bitcoin (BTC) was trading at $108,054.40 as of July 8 at 05:39 UTC. Its 24-hour trading volume decreased by 1.02%.]]></content:encoded>
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            <title><![CDATA[Solana June Activity Matches All Blockchains, Q2 Revenue Hits $271M]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00292/solana-june-activity-matches-all-blockchains-q2-revenue-hits-dollar271m</link>
            <guid>https://dev.cointoday.ai/en/news/market/00292/solana-june-activity-matches-all-blockchains-q2-revenue-hits-dollar271m</guid>
            <description><![CDATA[- Solana’s June activity matched all other L1 and L2 blockchains.- Q2 revenue hit $271 million, leading the blockchain space for three quarters.Solana set a new benchmark in user activity and financial performance during the second quarter of 2025. On July 7, 2025, CoinDesk reported that the blockchain's monthly active addresses for June matched the total across all other Layer 1 and Layer 2 networks combined. This remarkable surge in user engagement highlights Solana's growing popularity within the blockchain landscape.In addition, on July 8, Brave New Coin, citing data from Blockworks, confirmed that Solana's network revenue exceeded $271 million for the second quarter. This achievement marks the third consecutive quarter that Solana has led all other blockchain networks in revenue, thereby solidifying its prominent position in the ecosystem.June also brought notable user activity milestones. On June 28, a report from Bitget showed that active wallets holding at least 0.1 SOL reached a new all-time high of over 11.4 million.It is important to distinguish between Solana’s revenue figures. Network revenue, which refers to income from blockchain operations such as transaction fees, surpassed $271 million for the second quarter. In comparison, decentralized application (dApp) revenue was reportedly much higher during the same period, underscoring the nuanced economic activity within the Solana ecosystem.As of 01:33 UTC on July 8, market data showed Solana (SOL) trading at $148.89, with its 24-hour trading volume down 1.46%.]]></description>
            <pubDate>2025-07-08 01:40:39</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[- Solana’s June activity matched all other L1 and L2 blockchains.- Q2 revenue hit $271 million, leading the blockchain space for three quarters.Solana set a new benchmark in user activity and financial performance during the second quarter of 2025. On July 7, 2025, CoinDesk reported that the blockchain's monthly active addresses for June matched the total across all other Layer 1 and Layer 2 networks combined. This remarkable surge in user engagement highlights Solana's growing popularity within the blockchain landscape.In addition, on July 8, Brave New Coin, citing data from Blockworks, confirmed that Solana's network revenue exceeded $271 million for the second quarter. This achievement marks the third consecutive quarter that Solana has led all other blockchain networks in revenue, thereby solidifying its prominent position in the ecosystem.June also brought notable user activity milestones. On June 28, a report from Bitget showed that active wallets holding at least 0.1 SOL reached a new all-time high of over 11.4 million.It is important to distinguish between Solana’s revenue figures. Network revenue, which refers to income from blockchain operations such as transaction fees, surpassed $271 million for the second quarter. In comparison, decentralized application (dApp) revenue was reportedly much higher during the same period, underscoring the nuanced economic activity within the Solana ecosystem.As of 01:33 UTC on July 8, market data showed Solana (SOL) trading at $148.89, with its 24-hour trading volume down 1.46%.]]></content:encoded>
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            <title><![CDATA[Coinbase Hacker $12.5M Swap Deepens $300M Crypto Theft]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00291/coinbase-hacker-dollar125m-swap-deepens-dollar300m-crypto-theft</link>
            <guid>https://dev.cointoday.ai/en/news/market/00291/coinbase-hacker-dollar125m-swap-deepens-dollar300m-crypto-theft</guid>
            <description><![CDATA[- Hacker linked to $300 million Coinbase breach converts $12.5 million into 4,863 ETH.- Over 45.36 million DAI still held across two wallets as funds are moved via cross-chain transfers.On July 7, 2025, the Korean media outlet Onchain Lens reported that the hacker behind the $300 million theft targeting Coinbase users recently swapped $12.5 million into 4,863 Ether (ETH). The report also revealed that the hacker still holds 45.36 million DAI across two wallets and uses cross-chain transfer methods to complicate tracking and recovery efforts.The original breach occurred in May 2025, affecting thousands of Coinbase users. Early investigations show the hacker laundered significant sums through cryptocurrency conversions. For instance, they converted $42.5 million from Bitcoin to Ether and subsequently sold 17,778 ETH for approximately 45.48 million DAI. The use of cross-chain bridges remains a key tactic for the hacker to evade detection.According to CoinMarketCap, Ethereum (ETH) was priced at $2,569.66 as of July 7 at 07:31 UTC, a price reflecting a 1.88% rise in 24-hour trading volume. Meanwhile, Dai (DAI) remained pegged at $1, with a negligible 0.001% change in its trading volume over the same period.]]></description>
            <pubDate>2025-07-07 07:36:56</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[- Hacker linked to $300 million Coinbase breach converts $12.5 million into 4,863 ETH.- Over 45.36 million DAI still held across two wallets as funds are moved via cross-chain transfers.On July 7, 2025, the Korean media outlet Onchain Lens reported that the hacker behind the $300 million theft targeting Coinbase users recently swapped $12.5 million into 4,863 Ether (ETH). The report also revealed that the hacker still holds 45.36 million DAI across two wallets and uses cross-chain transfer methods to complicate tracking and recovery efforts.The original breach occurred in May 2025, affecting thousands of Coinbase users. Early investigations show the hacker laundered significant sums through cryptocurrency conversions. For instance, they converted $42.5 million from Bitcoin to Ether and subsequently sold 17,778 ETH for approximately 45.48 million DAI. The use of cross-chain bridges remains a key tactic for the hacker to evade detection.According to CoinMarketCap, Ethereum (ETH) was priced at $2,569.66 as of July 7 at 07:31 UTC, a price reflecting a 1.88% rise in 24-hour trading volume. Meanwhile, Dai (DAI) remained pegged at $1, with a negligible 0.001% change in its trading volume over the same period.]]></content:encoded>
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            <title><![CDATA[Elon Musk’s America Party Embraces Bitcoin, Rejects Fiat]]></title>
            <link>https://dev.cointoday.ai/en/news/toppicks/00290/elon-musks-america-party-embraces-bitcoin-rejects-fiat</link>
            <guid>https://dev.cointoday.ai/en/news/toppicks/00290/elon-musks-america-party-embraces-bitcoin-rejects-fiat</guid>
            <description><![CDATA[-   Elon Musk launches America Party, pledging Bitcoin adoption.-   Criticizing fiat, Musk doubles down on cryptocurrency support.On July 7, 2025, Elon Musk announced his new political party, the "America Party," will embrace Bitcoin, stating in a post on X, “Fiat is hopeless, so yes.” The statement, made in response to a question about cryptocurrency, reinforces his ongoing critique of traditional fiat currencies as ineffective.This development aligns with Musk’s ongoing criticism of existing fiscal policies, such as the $3.3 trillion spending bill recently enacted under Donald Trump. Through the America Party, Musk aims to reform the political landscape and move away from established party norms. However, despite the announcement, the "America Party" has not been formally filed with the U.S. Federal Election Commission (FEC), and Musk previously dismissed a separate, false filing made in his name.The America Party's adoption of Bitcoin places cryptocurrency at the forefront of political discourse and underscores Musk's broader skepticism of fiat systems. His critique positions Bitcoin as a potential solution to what he views as the inefficiencies of traditional currencies.According to CoinMarketCap, as of 04:30 UTC on July 7, Bitcoin (BTC) was trading at $109,250.93. The currency's 24-hour trading volume had increased by 1.116%.]]></description>
            <pubDate>2025-07-07 04:37:12</pubDate>
            <category><![CDATA[Top Picks]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[-   Elon Musk launches America Party, pledging Bitcoin adoption.-   Criticizing fiat, Musk doubles down on cryptocurrency support.On July 7, 2025, Elon Musk announced his new political party, the "America Party," will embrace Bitcoin, stating in a post on X, “Fiat is hopeless, so yes.” The statement, made in response to a question about cryptocurrency, reinforces his ongoing critique of traditional fiat currencies as ineffective.This development aligns with Musk’s ongoing criticism of existing fiscal policies, such as the $3.3 trillion spending bill recently enacted under Donald Trump. Through the America Party, Musk aims to reform the political landscape and move away from established party norms. However, despite the announcement, the "America Party" has not been formally filed with the U.S. Federal Election Commission (FEC), and Musk previously dismissed a separate, false filing made in his name.The America Party's adoption of Bitcoin places cryptocurrency at the forefront of political discourse and underscores Musk's broader skepticism of fiat systems. His critique positions Bitcoin as a potential solution to what he views as the inefficiencies of traditional currencies.According to CoinMarketCap, as of 04:30 UTC on July 7, Bitcoin (BTC) was trading at $109,250.93. The currency's 24-hour trading volume had increased by 1.116%.]]></content:encoded>
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            <title><![CDATA[Cathie Wood Says Bitcoin Bull Market Persists in 2025]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00289/cathie-wood-says-bitcoin-bull-market-persists-in-2025</link>
            <guid>https://dev.cointoday.ai/en/news/market/00289/cathie-wood-says-bitcoin-bull-market-persists-in-2025</guid>
            <description><![CDATA[- Ark Investment CEO Cathie Wood affirmed her confidence in Bitcoin's trajectory on her podcast.- Wood stated the current Bitcoin bull market is ongoing, according to a report from Coinness.On the July 4, 2025, episode of her "In the Know" podcast, Ark Investment CEO Cathie Wood asserted, “We are still in the midst of a Bitcoin bull market.” Her comments, which underscore her positive view on the asset despite recent price fluctuations, were reported by South Korean news outlet Coinness on the same day.As a platform for market insights, the Ark Investment podcast regularly features Wood's analysis. Therefore, her latest statement reinforces her belief in Bitcoin as a leading cryptocurrency and highlights her continued optimism amid industry developments.Meanwhile, according to CoinMarketCap, Bitcoin (BTC) was trading at $108,853.80 as of 08:33 UTC on July 4, representing a 0.662% decrease over the last 24 hours.]]></description>
            <pubDate>2025-07-04 08:38:55</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[- Ark Investment CEO Cathie Wood affirmed her confidence in Bitcoin's trajectory on her podcast.- Wood stated the current Bitcoin bull market is ongoing, according to a report from Coinness.On the July 4, 2025, episode of her "In the Know" podcast, Ark Investment CEO Cathie Wood asserted, “We are still in the midst of a Bitcoin bull market.” Her comments, which underscore her positive view on the asset despite recent price fluctuations, were reported by South Korean news outlet Coinness on the same day.As a platform for market insights, the Ark Investment podcast regularly features Wood's analysis. Therefore, her latest statement reinforces her belief in Bitcoin as a leading cryptocurrency and highlights her continued optimism amid industry developments.Meanwhile, according to CoinMarketCap, Bitcoin (BTC) was trading at $108,853.80 as of 08:33 UTC on July 4, representing a 0.662% decrease over the last 24 hours.]]></content:encoded>
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            <title><![CDATA[Minna Bank Taps Solana for Stablecoin Pilot, Eyes Cross-Border Pay]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00288/minna-bank-taps-solana-for-stablecoin-pilot-eyes-cross-border-pay</link>
            <guid>https://dev.cointoday.ai/en/news/market/00288/minna-bank-taps-solana-for-stablecoin-pilot-eyes-cross-border-pay</guid>
            <description><![CDATA[- Minna Bank partners with Fireblocks and Solana Japan for stablecoin pilot.- Pilot focuses on cross-border payments and Solana-based asset trading.On July 3, 2025, Decrypt and CoinNess reported that Japan’s first digital bank, Minna Bank, launched a stablecoin and digital wallet pilot. The bank is collaborating with Solana Japan, Fireblocks, and technology firm TIS on the initiative, which aims to revolutionize cross-border payments and digital finance using blockchain technology.The project will evaluate the practical applications of issuing stablecoins on the Solana blockchain by exploring use cases such as cross-border payments, trading real-world assets, and enabling seamless everyday transactions. In addition, the pilot will assess how Web3 wallets can enhance accessibility and user experience within financial services.Minna Bank, a subsidiary of the Fukuoka Financial Group, seeks to integrate blockchain solutions to modernize Japan’s financial ecosystem. The partnership leverages Solana’s high transaction speed and low costs to provide customers with more efficient payment methods, potentially reshaping traditional banking infrastructure to meet the demands of digital financial services.]]></description>
            <pubDate>2025-07-04 08:12:58</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Planck]]></dc:creator>
            <content:encoded><![CDATA[- Minna Bank partners with Fireblocks and Solana Japan for stablecoin pilot.- Pilot focuses on cross-border payments and Solana-based asset trading.On July 3, 2025, Decrypt and CoinNess reported that Japan’s first digital bank, Minna Bank, launched a stablecoin and digital wallet pilot. The bank is collaborating with Solana Japan, Fireblocks, and technology firm TIS on the initiative, which aims to revolutionize cross-border payments and digital finance using blockchain technology.The project will evaluate the practical applications of issuing stablecoins on the Solana blockchain by exploring use cases such as cross-border payments, trading real-world assets, and enabling seamless everyday transactions. In addition, the pilot will assess how Web3 wallets can enhance accessibility and user experience within financial services.Minna Bank, a subsidiary of the Fukuoka Financial Group, seeks to integrate blockchain solutions to modernize Japan’s financial ecosystem. The partnership leverages Solana’s high transaction speed and low costs to provide customers with more efficient payment methods, potentially reshaping traditional banking infrastructure to meet the demands of digital financial services.]]></content:encoded>
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            <title><![CDATA[South Korea, U.S. Face July 8 Deadline in Tariff Talks]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00286/south-korea-us-face-july-8-deadline-in-tariff-talks</link>
            <guid>https://dev.cointoday.ai/en/news/market/00286/south-korea-us-face-july-8-deadline-in-tariff-talks</guid>
            <description><![CDATA[-   President Lee Jae-myung raises doubts over concluding negotiations on time.-   Key demands remain unresolved, complicating progress.On July 3, 2025, South Korean President Lee Jae-myung expressed uncertainty about meeting the July 8 deadline for tariff negotiations with the United States.At a press conference on July 3 marking his first month in office, South Korean President Lee Jae-myung said, "The tariff negotiations are clearly not easy." He explained that because both parties are still working to fully understand each other’s expectations, efforts to finalize the talks on time have been complicated.The South Korean government is reportedly working to advance the negotiations; however, President Lee refrained from making definitive predictions about meeting the deadline. Acknowledging the issue's sensitivity, he noted his comments could impact the ongoing discussions.Meanwhile, trade analysts and international markets are closely watching the talks, as the outcome will significantly influence economic relations between South Korea and the United States.]]></description>
            <pubDate>2025-07-03 08:41:20</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[-   President Lee Jae-myung raises doubts over concluding negotiations on time.-   Key demands remain unresolved, complicating progress.On July 3, 2025, South Korean President Lee Jae-myung expressed uncertainty about meeting the July 8 deadline for tariff negotiations with the United States.At a press conference on July 3 marking his first month in office, South Korean President Lee Jae-myung said, "The tariff negotiations are clearly not easy." He explained that because both parties are still working to fully understand each other’s expectations, efforts to finalize the talks on time have been complicated.The South Korean government is reportedly working to advance the negotiations; however, President Lee refrained from making definitive predictions about meeting the deadline. Acknowledging the issue's sensitivity, he noted his comments could impact the ongoing discussions.Meanwhile, trade analysts and international markets are closely watching the talks, as the outcome will significantly influence economic relations between South Korea and the United States.]]></content:encoded>
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            <title><![CDATA[Bitcoin Unrealized Profits Hit $1.2T, Nearing Record High]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00285/bitcoin-unrealized-profits-hit-dollar12t-nearing-record-high</link>
            <guid>https://dev.cointoday.ai/en/news/market/00285/bitcoin-unrealized-profits-hit-dollar12t-nearing-record-high</guid>
            <description><![CDATA[- Bitcoin unrealized profits reach $1.2 trillion, approaching the $1.3 trillion all-time high.- Strong price support forms near $98,300 as short-term selling pressure wanes.On July 2, 2025, Cointelegraph reported that data from Glassnode shows Bitcoin investors hold approximately $1.2 trillion in unrealized profits. This figure approaches the $1.3 trillion record set late last year and reflects sustained confidence in the cryptocurrency market. Despite holding significant profits, most investors are reluctant to sell, reinforcing Bitcoin’s reputation as a long-term asset (“HODLing”).Analysis highlights a critical price support level at $98,300, which corresponds to the average acquisition cost for short-term holders—investors who have owned Bitcoin for less than 155 days. Selling pressure from this group has steadily declined since Bitcoin's peak last May. Glassnode’s findings suggest that the incentive to sell remains limited under current market conditions, and significant price shifts would be necessary to stimulate broader market activity.Unrealized profit margins average an impressive 125%. Even so, Bitcoin holders continue to prioritize holding their positions over liquidating them. This sustained preference underscores the significance of the $98,300 price zone and mirrors broader market confidence, while low selling pressure serves as a stabilizing factor.According to the latest market data, Bitcoin (BTC) was trading at $107,157.13 as of 07:42 UTC on July 2. Its 24-hour trading volume increased by a minor 0.14%.]]></description>
            <pubDate>2025-07-02 07:47:49</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[- Bitcoin unrealized profits reach $1.2 trillion, approaching the $1.3 trillion all-time high.- Strong price support forms near $98,300 as short-term selling pressure wanes.On July 2, 2025, Cointelegraph reported that data from Glassnode shows Bitcoin investors hold approximately $1.2 trillion in unrealized profits. This figure approaches the $1.3 trillion record set late last year and reflects sustained confidence in the cryptocurrency market. Despite holding significant profits, most investors are reluctant to sell, reinforcing Bitcoin’s reputation as a long-term asset (“HODLing”).Analysis highlights a critical price support level at $98,300, which corresponds to the average acquisition cost for short-term holders—investors who have owned Bitcoin for less than 155 days. Selling pressure from this group has steadily declined since Bitcoin's peak last May. Glassnode’s findings suggest that the incentive to sell remains limited under current market conditions, and significant price shifts would be necessary to stimulate broader market activity.Unrealized profit margins average an impressive 125%. Even so, Bitcoin holders continue to prioritize holding their positions over liquidating them. This sustained preference underscores the significance of the $98,300 price zone and mirrors broader market confidence, while low selling pressure serves as a stabilizing factor.According to the latest market data, Bitcoin (BTC) was trading at $107,157.13 as of 07:42 UTC on July 2. Its 24-hour trading volume increased by a minor 0.14%.]]></content:encoded>
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            <title><![CDATA[U.S. Senate Passes $3.3 Trillion Budget — Bitcoin Gains as Dollar Wobbles]]></title>
            <link>https://dev.cointoday.ai/en/news/market/00284/us-senate-passes-dollar33-trillion-budget-bitcoin-gains-as-dollar-wobbles</link>
            <guid>https://dev.cointoday.ai/en/news/market/00284/us-senate-passes-dollar33-trillion-budget-bitcoin-gains-as-dollar-wobbles</guid>
            <description><![CDATA[- Senate passes $3.3 trillion bill, inflating national debt by over $3 trillion.- Bitcoin strengthens as ‘digital gold’ narrative gains credibility.On July 1, 2025, the United States Senate passed a $3.3 trillion budget proposal after extended deliberation. The legislation, championed by President Donald Trump and known as the "Big Beautiful Bill," includes provisions to expand the 2017 tax cuts and fund new spending initiatives. As a result, analysts predict the increase in national debt will heighten inflation risks and erode confidence in the U.S. dollar, positioning Bitcoin as a digital hedge against devaluation.On July 2, market observers noted that the bill’s inflationary implications support Bitcoin’s narrative as "digital gold," especially amid heightened concerns over U.S. fiscal governance. As capital shifts from traditional bond markets to alternative assets, Ethereum and major altcoins are also expected to see temporary gains. In addition, infrastructure and utility tokens might attract more investment due to growing interest in assets less correlated with traditional financial systems.However, analysts caution that meme coins could see increased volatility due to their speculative nature, which contrasts with the relative stability observed in Bitcoin and top altcoins. Notably, lawmakers excluded amendments regarding cryptocurrency mining and staking taxation from the final bill, though they were initially under consideration. The legislation now advances to the U.S. House of Representatives for further deliberation.According to the latest market data, Bitcoin (BTC) was trading at $106,967.18 as of July 2 at 06:45 UTC, with its 24-hour trading volume changing by 0.1%.]]></description>
            <pubDate>2025-07-02 06:50:10</pubDate>
            <category><![CDATA[Market]]></category>
            <dc:creator><![CDATA[Paul]]></dc:creator>
            <content:encoded><![CDATA[- Senate passes $3.3 trillion bill, inflating national debt by over $3 trillion.- Bitcoin strengthens as ‘digital gold’ narrative gains credibility.On July 1, 2025, the United States Senate passed a $3.3 trillion budget proposal after extended deliberation. The legislation, championed by President Donald Trump and known as the "Big Beautiful Bill," includes provisions to expand the 2017 tax cuts and fund new spending initiatives. As a result, analysts predict the increase in national debt will heighten inflation risks and erode confidence in the U.S. dollar, positioning Bitcoin as a digital hedge against devaluation.On July 2, market observers noted that the bill’s inflationary implications support Bitcoin’s narrative as "digital gold," especially amid heightened concerns over U.S. fiscal governance. As capital shifts from traditional bond markets to alternative assets, Ethereum and major altcoins are also expected to see temporary gains. In addition, infrastructure and utility tokens might attract more investment due to growing interest in assets less correlated with traditional financial systems.However, analysts caution that meme coins could see increased volatility due to their speculative nature, which contrasts with the relative stability observed in Bitcoin and top altcoins. Notably, lawmakers excluded amendments regarding cryptocurrency mining and staking taxation from the final bill, though they were initially under consideration. The legislation now advances to the U.S. House of Representatives for further deliberation.According to the latest market data, Bitcoin (BTC) was trading at $106,967.18 as of July 2 at 06:45 UTC, with its 24-hour trading volume changing by 0.1%.]]></content:encoded>
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