Author: James Wilson

Cardano is showing renewed holder growth after a sharp June selloff. According to Santiment, the network added 14,783 more non-empty ADA wallets after its June 23 bottom. Summary Cardano added 14,783 non-empty ADA wallets after its June low, showing renewed retail activity. ADA rebounded toward $0.20 after falling to levels not seen since 2020 last month. Community fear remains tied to governance tension, Hoskinson comments and wider doubts over ecosystem funding. The on-chain data came as ADA recovered from recent lows. Santiment said the token pushed back toward $0.20 for the first time in about a month and had risen…

South Africa’s Revenue Service has published draft guidance on how crypto assets should be taxed under the country’s current tax laws. The proposal seeks public feedback until August 31, 2026, before SARS moves toward a final version. Summary SARS says crypto is not currency, keeping digital assets inside income and capital gains rules. The draft treats trades, swaps and crypto payments as possible tax events under current law. Public comments remain open until August 31 as South Africa clarifies crypto tax reporting. The draft does not create a new crypto tax law. It explains how current rules under theIncome Tax…

Bitcoin traded near $62,675 on July 5, according to crypto.news market data. The asset was up about 0.1% over 24 hours and 4.03% over seven days. Its market cap stood near $1.26 trillion, while 24-hour volume was about $17.57 billion. Summary Bitcoin trades near $62,675 as traders test whether the weekly 200MA can still hold firm. Saylor’s “digital energy” post added a macro angle while technical analysts focused on resistance overhead. ETF inflows and short squeezes lifted sentiment, but weak volume keeps confirmation limited for now. The latest 24-hour range showed Bitcoin moving between $62,462 and $63,383. That kept BTC…

Michael Saylor has said Bitcoin’s next stage may come from changing less at the protocol level while becoming more important across finance. In a new X article titled “Bitcoin Evolves by Not Changing,” the Strategy executive chairman argued that Bitcoin should act as a monetary network, not a fast-moving software platform. Summary Saylor says ETF, treasury and credit flows now matter more than old miner supply shocks. Crypto.news reported that 21Shares still sees Bitcoin’s four-year cycle as intact despite wider institutional demand. Strategy’s digital credit framework shows how Saylor wants Bitcoin exposure to move through capital markets. https://twitter.com/saylor/article/2073685745512948011 Saylor said…

Europe’s securities regulator has warned that prediction market contracts offered in the European Union could already fall under existing financial rules, potentially triggering a long-standing retail ban on binary options. Summary ESMA says some prediction market contracts may already fall under MiFID II financial rules. Existing EU binary options restrictions could apply automatically if contracts qualify as financial instruments. The guidance follows mounting regulatory scrutiny of Polymarket and other prediction market platforms across Europe. According to the European Securities and Markets Authority (ESMA), firms offering event-based contracts in the European Union must assess whether those products qualify as financial instruments…

The Major County Sheriffs of America has withdrawn its opposition to the decentralized finance provision in the CLARITY Act, easing one of the main law enforcement concerns surrounding the proposed U.S. crypto market structure bill. Summary Major County Sheriffs of America has dropped its opposition to the CLARITY Act’s DeFi provision and adopted a neutral stance. The group proposed amendments giving state and local law enforcement a formal role in Treasury studies and advisory bodies. Senate momentum has improved, with updated timelines and rising passage odds boosting expectations for the CLARITY Act. According to a letter sent by the Major…

Nigel Farage has been reported to the UK Parliament’s standards watchdog over allegations that he lobbied the Bank of England on cryptocurrency policy in ways that could benefit one of his largest political backers, a major investor in stablecoin issuer Tether. Summary Nigel Farage has been reported to Parliament’s standards watchdog over alleged Tether-related lobbying. Labour MPs have questioned Farage’s meeting with the Bank of England over crypto policy. Donations from Tether investor Christopher Harborne remain under separate parliamentary scrutiny. According to The Guardian, Labour MP Phil Brickell has asked Parliamentary Commissioner for Standards Daniel Greenberg to investigate whether the…

U.S. spot Bitcoin exchange-traded funds have recorded $221.7 million in net inflows, ending a 10-day withdrawal streak as softer U.S. economic data and easing Federal Reserve rate concerns helped Bitcoin recover from this week’s lows. Summary U.S. spot Bitcoin ETFs recorded $221.7 million in inflows, ending a 10-day streak of net withdrawals. Weak U.S. jobs data and softer Fed comments helped Bitcoin rebound about 7.7% from its weekly low. Analysts pointed to strong historical July performance and late-cycle trends as sentiment improved. According to data from SoSoValue, Thursday’s inflows were the strongest daily total in about two months after investors…

CryptoQuant has reported that Bitcoin’s realized profit and loss ratio has dropped to a 43-month low of -0.35, a level that has historically appeared near major market bottoms. Summary CryptoQuant says Bitcoin’s realized P&L ratio has fallen to a 43-month low, a level previously seen near market bottoms. U.S. spot Bitcoin ETFs recorded $221.7 million in inflows, ending a 10-day outflow streak as Bitcoin rebounded. Bitwise CIO Matt Hougan says reduced leverage could signal the final stage of Bitcoin’s correction before a potential fall rally. According to blockchain analytics platform CryptoQuant, Bitcoin’s realized profit and loss ratio has fallen to…

India has opened an investigation after reports alleged that Indian nationals were trafficked into Myanmar and forced to carry out crypto fraud operations inside cyber scam compounds. Summary India has launched an investigation into reports that Indians were trafficked to Myanmar and forced into crypto scam operations. Victims allegedly accepted fake overseas job offers before being moved to cyber scam compounds where passports were confiscated. Authorities in India, Myanmar and the U.S. have stepped up efforts to disrupt cyber scam networks tied to cryptocurrency fraud. According to police in the western Indian state of Maharashtra, authorities have registered a criminal…