Filecoin (FIL) dropped 5.6% over a 24-hour trading period, falling from $2.66 to $2.51 as of 09:00 UTC on July 15, according to CoinDesk Researchs technical model. The decentralized storage token showed significant volatility, with a 7.52% intraday swing, reflecting market-wide weakness. The broader crypto market also experienced a pullback, with the CoinDesk 20 index down 3.8% during the same time frame. FILs price action aligns with this downturn, despite the tokens recent positive news, including a strategic partnership with Avalanche aimed at enhancing smart contract operations and...

Function, a crypto infrastructure firm formerly known as Ignition, has secured $10 million in seed funding led by Galaxy Digital (TSX: GLXY), with backing from Antalpha and Mantle. The company aims to unlock institutional yield opportunities for bitcoin (BTC), the worlds largest yet underutilized digital asset in decentralized finance (DeFi). Functions flagship product, FBTC, is a fully reserved, composable bitcoin representation that has already reached $1.5 billion in total value locked (TVL). FBTC is designed to enable institutions and corporate treasuries to deploy bitcoin productively...

Vanguard, the $10 trillion asset management giant, has quietly become the largest institutional shareholder of MicroStrategy (MSTR), the firm best known for holding massive amounts of Bitcoin. According to Bloomberg, Vanguard now holds over 20 million sharesmore than 8% of MSTRs totalsurpassing Capital Group and valuing its stake at around $9.26 billion. This development is especially ironic given Vanguards anti-crypto stance. The firm has consistently denied retail clients access to spot Bitcoin ETFs, including rejecting BlackRocks popular iShares Bitcoin Trust (IBIT), despite its rapid...

The crypto market is witnessing renewed bullish momentum, with top tokens like Ethereum (ETH) and XRP posting impressive gains. Ethereum recently surged past the $3,000 mark on July 14, drawing praise from Ripples Chief Technology Officer David Schwartz. In a post on X (formerly Twitter), Schwartz expressed excitement over ETHs price breakout, highlighting the emotional impact of market rallies on traders. Interestingly, while XRP also reclaimed the $3 levelits highest in four monthsSchwartzs silence on XRP sparked debate within the XRP community. Many questioned his lack of commentary,...

A dormant Bitcoin whale from the Satoshi era has resurfaced once again, moving another massive batch of BTC. Just a week after transferring 80,000 BTCvalued at $8.6 billionthe same wallet has now shifted 20,000 BTC worth approximately $2.42 billion, according to data from on-chain tracker Lookonchain. The movement occurred on July 14, aligning with Bitcoins surge past a new all-time high of $123,000. These coins, originally mined or received in 2010, have appreciated by over 3,024,900%, making this whale one of the most profitable in crypto history. The transactions were split into two...

The Federal Reserve, along with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), issued a joint statement Monday reaffirming how banks should manage the custody of crypto assets. The clarification comes as lawmakers kick off Crypto Week in Congress, expected to bring major digital asset bills to the floor. The agencies emphasized that the memo doesnt introduce new regulations but reinforces how existing laws apply to crypto safekeeping. Key requirements include secure control of cryptographic keys tied to customer assets, full...

Congress stands at a pivotal moment to modernize Americas financial system for the digital era, much like it did in 1934 with the creation of the SEC. With global financial dominance at stake, two proposed billsthe GENIUS Act for stablecoins and broader crypto market structure reformsoffer the U.S. a chance to shape the future of digital finance. Stablecoins, a $240 billion market expected to grow to $3.7 trillion by 2030, already act as global dollar infrastructure, driven by private innovation rather than regulation. Yet this occurs as U.S. monetary dominance is challenged by Chinas digital...

Bitcoin briefly touched $123,000 on Monday before retreating below $120,000 during U.S. trading hours, yet analysts say the rally is still in its early stages. Despite the dip, BTC remains up 0.6% over the past 24 hours. Ethereum (ETH) slipped back under $3,000, while Dogecoin (DOGE), Cardano (ADA), and Stellar (XLM) saw 23% losses. Among major altcoins, XRP climbed 2.5%, SUI jumped 10%, and Uniswaps UNI added 6%. Crypto-related stocks also saw mixed results: MicroStrategy (MSTR) and Galaxy Digital (GLXY) gained around 34%, while Coinbase (COIN) edged up 1.5%. Jeff Dorman, CIO at Arca, noted...

The U.S. House of Representatives is advancing two major cryptocurrency bills this week in whats being dubbed Crypto Week, potentially marking a historic moment for digital asset regulation. Key among them is the Digital Asset Market Clarity Act, a comprehensive bill aimed at creating a clear regulatory framework for crypto markets. The House is expected to vote on it Wednesday, with bipartisan support likely. Its predecessor, the FIT21 Act, had drawn backing from 71 Democrats, and lawmakers are pushing for even broader support this time to strengthen the bills momentum as it heads to the...

After nearly a decade in crypto, one truth stands out: many projects promised revolutions but delivered little real-world value. The problem isnt the techits the incentive structure. Most crypto projects launch tokens first, hoping utility follows. Bittensor flips that script. Bittensor is a decentralized AI protocol that rewards performance, not hype. It creates a competitive ecosystem where developers build valuable AI services and earn rewards every 12 seconds based on measurable utility. No marketing gimmicks, no VC gatekeepersjust results. The protocols native token, TAO, has a fixed 21...