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Crypto Bulls Lose $310M as Bitcoin Falls to $61,481 on Middle East Escalation

A sudden escalation in U.S.-Iran tensions and military exchanges halted bitcoin’s July rally, triggering a 3.5% drop below $62,000. Geopolitical Tensions Halt Bitcoin Uptrend Bitcoin’s July uptrend came to a screeching halt Wednesday, tumbling below $62,000 as escalating Middle East tensions sparked fears that the shaky U.S.-Iran ceasefire had unraveled. Market data shows bitcoin nosedived […]

Bitcoin.com NewsBitcoin.com NewsTerence Zimwara8 Jul

Polymarket Switches on Instant Bitcoin Lightning Deposits, Cutting 60-Minute Waits to Under a Second

Polymarket, the world’s largest prediction market, has enabled instant bitcoin deposits over the Lightning Network, with new rails powered by the Spark protocol crediting funds in under one second. Opening up New Avenues Polymarket has switched on instant bitcoin deposits via the Lightning Network, a payments layer built on top of the Bitcoin network (powered […]

Bitcoin.com NewsBitcoin.com NewsShiraz Jagati8 Jul

Vaneck: Saylor’s Strategy Sold $135 Million in Bitcoin Without Tapping Its $1.25 Billion Monetization Program

Vaneck Head of Digital Assets Research Matthew Sigel says the roughly $135 million in bitcoin Strategy sold last week did not draw down the company’s $1.25 billion BTC Monetization Program, leaving that capacity fully intact. On Strategy’s Side, Somewhat Strategy Inc.’s (Nasdaq: MSTR) latest bitcoin sales did not count against the company’s previously announced $1.25 […]

Bitcoin.com NewsBitcoin.com NewsShiraz Jagati8 Jul

Russia Drops Wallet Reporting From Its Final Crypto Bill: Here’s What the Law Now Says

Russia’s State Duma Financial Markets Committee has approved the final version of the country’s landmark crypto bill, dropping mandatory wallet-address reporting and clearing the way for a second reading. A Major Reform Is Underway Russia’s parliamentary Committee on Financial Markets has approved the final version of the country’s sweeping digital currency bill, clearing the path […]

Bitcoin.com NewsBitcoin.com NewsShiraz Jagati8 Jul

Report: US Firms Shift to Chinese AI After Trump Administration Curbs on Anthropic Models

A recent U.S. directive placing strict export controls on Anthropic’s advanced AI models over national security concerns unexpectedly drove American and global corporations to use Chinese open-source alternatives. Export Controls Spark Disruption American companies dramatically increased their use of Chinese open-source artificial intelligence models following recent U.S. government restrictions on domestic frontier AI systems, according […]

Bitcoin.com NewsBitcoin.com NewsTerence Zimwara8 Jul

Terawulf and Anthropic Sign 20-Year AI Data Center Lease Worth $19 Billion

Terawulf has signed a 20-year AI infrastructure lease with Anthropic, expected to generate about $19 billion in contracted revenue. Terawulf Advances AI Strategy With Anthropic Lease and Texas Asset Sale Terawulf is reshaping its data center strategy around large-scale artificial intelligence (AI) infrastructure, securing a long-term lease with Anthropic while moving to exit a Texas […]

Bitcoin.com NewsBitcoin.com NewsEmmanuel Musa8 Jul

Judge Who Ruled XRP Not a Security in Ripple Case Hands Kalshi ‘A Major, Major Loss’ in New York

Judge Analisa Torres, best known for the SEC v. Ripple ruling, has denied Kalshi’s bid for a preliminary injunction against New York gaming regulators, finding the state’s gambling laws are not preempted by federal commodities law. Another Major Ruling From Torres U.S. District Judge Analisa Torres has denied prediction market exchange Kalshi a preliminary injunction […]

Bitcoin.com NewsBitcoin.com NewsShiraz Jagati8 Jul

Pro-Crypto Nigel Farage Quits MP Seat and Vows By-Election Fight Following Controversy Over Latest Donation

Reform UK leader Nigel Farage has resigned his seat as MP for Clacton, triggering a local by-election that he immediately intends to contest. Preempting the Watchdog Nigel Farage, leader of Reform UK and a prominent opposition figure, has resigned his seat as the Member of Parliament for Clacton, triggering a high-stakes by-election. The sudden move […]

Bitcoin.com NewsBitcoin.com NewsTerence Zimwara8 Jul