Exodus Movement, a cryptocurrency wallet provider, will eliminate approximately 25 percent of its staff as part of a reorganization to support development of a full-stack card issuance and stablecoin payments platform.<\/p>\n
The company announced the cuts in a regulatory filing, citing the need to align costs and priorities following acquisitions of Monavate and Baanx. These transactions are intended to reduce reliance on external providers for payments infrastructure.<\/p>\n
The restructuring is projected to result in pre-tax charges of $2.5 million to $3.5 million, mainly for severance. It is expected to deliver annualized cash operating expense savings of $10 million to $13 million, with full benefits realized in 2027.<\/p>\n
Exodus employed 215 full-time staff at the end of last year. Shares of the company fell more than 8 percent to $4.62 in early trading on Monday.<\/p>\n", "summary": "Exodus Movement, a cryptocurrency wallet provider, will eliminate approximately 25 percent of its staff as part of a reorganization to support development of a full-stack card issuance and stablecoin payments", "date_published": "2026-07-21T16:04:55+03:00", "date_modified": "2026-07-21T16:04:53+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 16:04:55 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "36", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "35", "url": "https:\/\/karelia.business\/all\/sec-files-lawsuit-against-crypto-mining-firm-and-founder-over-alleged-22-million-fraud\/", "title": "SEC Files Lawsuit Against Crypto Mining Firm and Founder Over Alleged $22 Million Fraud", "content_html": "
The US Securities and Exchange Commission has sued Mining Automatic and its founder Zan Shaikh, accusing them of raising $22 million from investors through misleading promises of guaranteed returns from cryptocurrency mining.<\/p>\n
The Massachusetts-based operation, conducted through Bright Vision Distribution LLC, attracted more than 380 investors between June 2023 and May 2025. According to the complaint, only about 13 percent of the funds supported actual mining activities, generating roughly $1.1 million in revenue.<\/p>\n
The company allegedly paid investors approximately $1.8 million in returns, with some distributions funded by new investor capital. Marketing expenditures reached about $7 million, while Shaikh directed funds toward personal real estate, vehicles, entertainment and personal accounts.<\/p>\n
Payments to investors ceased by March 2025, leaving more than $20 million in principal outstanding. The SEC described elements of the operation as resembling a Ponzi scheme.<\/p>\n
The agency is seeking disgorgement, civil penalties, injunctions and bars preventing Shaikh from selling securities or serving as an officer or director of a public company.<\/p>\n
The case aligns with the SEC’s broader regulatory efforts, including its strategic focus on blockchain, tokenization and market infrastructure under new leadership. It coincides with ongoing congressional consideration of legislation to clarify oversight roles for digital assets.<\/p>\n", "summary": "The US Securities and Exchange Commission has sued Mining Automatic and its founder Zan Shaikh, accusing them of raising $22 million from investors through misleading promises of guaranteed returns from", "date_published": "2026-07-21T16:02:09+03:00", "date_modified": "2026-07-21T16:02:06+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 16:02:09 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "35", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "34", "url": "https:\/\/karelia.business\/all\/bitcoin-demonstrates-resilience-amid-technology-stock-declines\/", "title": "Bitcoin Demonstrates Resilience Amid Technology Stock Declines", "content_html": "
Bitcoin has shown relative strength in recent trading, advancing above $65,000 despite a sell-off in artificial intelligence-related technology stocks and broader risk aversion in financial markets.<\/p>\n
The cryptocurrency decoupled from the Nasdaq-100 Index, which fell below 28,800 for the first time in five weeks. Bitcoin perpetual futures maintained a neutral annualized funding rate of 8 percent, indicating limited aggressive bullish positioning.<\/p>\n
Options market data revealed a 30-day delta skew of 13 percent, with puts trading at a premium to calls. This suggests market participants continue to hedge against downside risks amid geopolitical tensions and rising Treasury yields.<\/p>\n
Strategy raised $263 million through a stock offering, bolstering its cash reserves to $3.22 billion and addressing concerns over debt obligations and dividend payments. The five-year US Treasury yield increased to 4.33 percent, reflecting investor demands for higher compensation.<\/p>\n
Bitcoin’s performance points to ongoing divergence from traditional risk assets, even as corporate earnings in the technology sector face scrutiny. A move toward $70,000 remains possible if current momentum persists, though derivatives indicators show cautious sentiment.<\/p>\n", "summary": "Bitcoin has shown relative strength in recent trading, advancing above $65,000 despite a sell-off in artificial intelligence-related technology stocks and broader risk aversion in financial markets", "date_published": "2026-07-21T16:00:54+03:00", "date_modified": "2026-07-21T16:00:53+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 16:00:54 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "34", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "33", "url": "https:\/\/karelia.business\/all\/tether-gold-gains-accepted-spot-commodity-status-in-abu-dhabi-global-market\/", "title": "Tether Gold Gains Accepted Spot Commodity Status in Abu Dhabi Global Market", "content_html": "
Abu Dhabi Global Market has recognized Tether Gold as an Accepted Spot Commodity, enabling regulated firms in the financial center to provide services related to the tokenized gold asset.<\/p>\n
The designation builds on the earlier acceptance of Tether’s USDT as an Accepted Fiat Referenced Token. It provides greater clarity for businesses seeking to incorporate the product into their offerings.<\/p>\n
Tether chief executive Paolo Ardoino noted that the status offers a defined pathway for compliant operations. ADGM officials said the move supports expansion of available products to promote growth in the jurisdiction.<\/p>\n
Total value locked in Tether Gold has more than tripled over the past year, reaching approximately $2.86 billion. The asset is increasingly used as collateral, with Bitcoin lending platform Ledn planning to accept it for loans later this year.<\/p>\n
Tokenized commodities represent about $4.46 billion, or nearly 13 percent, of the broader tokenized real-world asset market valued at roughly $34.73 billion.<\/p>\n", "summary": "Abu Dhabi Global Market has recognized Tether Gold as an Accepted Spot Commodity, enabling regulated firms in the financial center to provide services related to the tokenized gold asset", "date_published": "2026-07-21T15:59:51+03:00", "date_modified": "2026-07-21T15:59:49+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:59:51 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "33", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "32", "url": "https:\/\/karelia.business\/all\/coinbase-executive-highlights-consumer-protections-in-clarity-act-negotiations\/", "title": "Coinbase Executive Highlights Consumer Protections in CLARITY Act Negotiations", "content_html": "
Coinbase vice chair Ryan VanGrack has said Democratic lawmakers incorporated additional customer safeguards into the Digital Asset Market Clarity Act during Senate negotiations.<\/p>\n
Speaking in a Monday interview, VanGrack described the provisions as strengthening the legislation to prioritize investor protections in the absence of existing comprehensive rules. The bill represents the most significant proposed framework for US cryptocurrency regulation.<\/p>\n
The comments came as the Senate prepares for a potential vote before the August recess. Ethics-related concerns remain a key point of discussion among Democrats.<\/p>\n
Coinbase had previously withheld support for an earlier version of the bill, contributing to delays in committee proceedings. Several executives, including chief legal officer Paul Grewal, have since endorsed its passage.<\/p>\n
The legislation has received backing from President Donald Trump. Recent meetings between Republican senators and the president addressed industry ties, following disclosures of substantial presidential earnings from digital asset ventures. Senate Democrats conducted internal discussions on their stance last week.<\/p>\n
The bill’s final text has not yet been released, and no floor vote has been scheduled.<\/p>\n", "summary": "Coinbase vice chair Ryan VanGrack has said Democratic lawmakers incorporated additional customer safeguards into the Digital Asset Market Clarity Act during Senate negotiations", "date_published": "2026-07-21T15:58:46+03:00", "date_modified": "2026-07-21T15:58:44+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:58:46 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "32", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "31", "url": "https:\/\/karelia.business\/all\/white-house-crypto-adviser-defers-military-training-to-advance-clarity-act\/", "title": "White House Crypto Adviser Defers Military Training to Advance CLARITY Act", "content_html": "
White House crypto adviser Patrick Witt has postponed his military training to continue leading negotiations on the CLARITY Act as the legislation approaches a critical Senate vote.<\/p>\n
Witt announced the deferral in a social media statement, noting that the training had been rescheduled to allow him to remain involved through the end of the process. This marks the second time he has delayed the commitment. The bill, which would establish the first comprehensive federal framework for cryptocurrency regulation, faces a deadline before the August 8 congressional recess.<\/p>\n
Witt serves as executive director of the President’s Council of Advisors for Digital Assets. He had been scheduled to report for Judge Advocate General training with the Georgia Army National Guard on July 27.<\/p>\n
In a related development, deputy director Harry Jung announced his departure from the council in two weeks. Jung highlighted progress in US cryptocurrency policy over the past two years. He had been expected to assume additional responsibilities during Witt’s planned absence.<\/p>\n", "summary": "White House crypto adviser Patrick Witt has postponed his military training to continue leading negotiations on the CLARITY Act as the legislation approaches a critical Senate vote", "date_published": "2026-07-21T15:54:57+03:00", "date_modified": "2026-07-21T15:54:55+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:54:57 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "31", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "30", "url": "https:\/\/karelia.business\/all\/london-stock-exchange-plans-night-trading-venue-for-first-half-of-2027\/", "title": "London Stock Exchange Plans Night Trading Venue for First Half of 2027", "content_html": "
The London Stock Exchange intends to introduce a dedicated night trading platform in the first half of 2027 to meet demand for extended trading hours.<\/p>\n
The new venue will function independently from the main market and operate from 5 p.m. to 7:50 a.m. London time. It will initially focus on exchange-traded products, including funds tracking UK and US equities.<\/p>\n
The primary exchange will retain its standard schedule of 8 a.m. to 4:30 p.m. The initiative responds to competition from cryptocurrency markets and other platforms offering continuous trading.<\/p>\n
Chief executive Julia Hoggett cited growing interest from retail investors worldwide in leveraging London’s time zone for exposure to both domestic and international assets.<\/p>\n", "summary": "The London Stock Exchange intends to introduce a dedicated night trading platform in the first half of 2027 to meet demand for extended trading hours", "date_published": "2026-07-21T15:52:59+03:00", "date_modified": "2026-07-21T15:52:58+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:52:59 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "30", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "29", "url": "https:\/\/karelia.business\/all\/celsius-co-founders-reach-ftc-settlement-totaling-over-6-million\/", "title": "Celsius Co-Founders Reach FTC Settlement Totaling Over $6 Million", "content_html": "
Celsius co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein have agreed to pay more than $6 million to resolve Federal Trade Commission allegations stemming from the cryptocurrency lending platform’s collapse.<\/p>\n
Goldstein, the former chief technology officer, will pay $2.014 million, while Leon, the former chief strategy officer, will pay $4.1 million under separate court orders. The settlements follow a $10 million agreement reached by former chief executive Alex Mashinsky in April.<\/p>\n
Celsius held assets valued at $25 billion at its peak but owed customers $4.7 billion when it filed for bankruptcy in July 2022. The FTC alleged that executives misrepresented the platform’s reserves, insurance coverage and lending practices, including claims of safety made shortly before the filing.<\/p>\n
The orders also prohibit Leon and Goldstein from marketing or selling products involving deposits, exchanges, investments or withdrawals of digital assets. Payments will offset part of a larger $4.72 billion judgment for alleged consumer harm.<\/p>\n
Mashinsky received a 12-year prison sentence in May 2025 after pleading guilty to fraud charges related to misleading customers on risks and profitability.<\/p>\n", "summary": "Celsius co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein have agreed to pay more than $6 million to resolve Federal Trade Commission allegations stemming from the cryptocurrency lending platform’s", "date_published": "2026-07-21T15:51:57+03:00", "date_modified": "2026-07-21T15:51:55+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:51:57 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "29", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "28", "url": "https:\/\/karelia.business\/all\/celsius-co-founders-agree-to-pay-over-6-million-in-ftc-settlement\/", "title": "Celsius Co-Founders Agree to Pay Over $6 Million in FTC Settlement", "content_html": "
Celsius co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein have reached settlements with the Federal Trade Commission totaling more than $6 million over allegations related to the platform’s collapse.<\/p>\n
US District Judge Denise Cote approved the orders, with Goldstein required to pay $2.014 million and Leon $4.1 million. The agreements resolve claims that executives misrepresented the safety and operations of the cryptocurrency lending platform prior to its 2022 bankruptcy.<\/p>\n
The settlements extend regulatory consequences from the Celsius failure beyond former chief executive Alex Mashinsky, who reached a $10 million agreement with the FTC in April. Celsius held $25 billion in assets at its peak but owed users $4.7 billion when it filed for bankruptcy in July 2022.<\/p>\n
The orders also impose bans on Leon and Goldstein from marketing or selling certain crypto-related products and services. The payments will be credited against a broader $4.72 billion judgment reflecting alleged consumer harm.<\/p>\n
The FTC accused the company of falsely claiming sufficient reserves for withdrawals, a $750 million insurance policy on deposits and avoidance of unsecured loans. Executives continued to assure customers of safety shortly before the bankruptcy filing.<\/p>\n
Mashinsky was sentenced to 12 years in prison in May 2025 after pleading guilty to fraud charges.<\/p>\n", "summary": "Celsius co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein have reached settlements with the Federal Trade Commission totaling more than $6 million over allegations related to the platform’s collapse", "date_published": "2026-07-21T15:50:44+03:00", "date_modified": "2026-07-21T15:50:42+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:50:44 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "28", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "27", "url": "https:\/\/karelia.business\/all\/grayscale-files-for-first-us-worldcoin-exchange-traded-fund\/", "title": "Grayscale Files for First US Worldcoin Exchange-Traded Fund", "content_html": "
Grayscale Investments has filed a registration statement for the first US exchange-traded fund tracking Worldcoin, expanding its range of cryptocurrency-related products beyond major assets such as Bitcoin and Ether.<\/p>\n
The proposed Grayscale Worldcoin ETF would list on Nasdaq under the ticker GWLD. BitGo Bank & Trust would provide custody for the WLD token, with BNY Mellon acting as administrator and transfer agent. CSC Delaware Trust Company would serve as trustee.<\/p>\n
The preliminary prospectus does not yet specify management fees, seed capital, authorized participants or liquidity providers.<\/p>\n
Worldcoin’s WLD is an ERC-20 token on the Ethereum blockchain associated with the World project, which employs biometric verification to distinguish individuals from automated systems. OpenAI chief executive Sam Altman co-founded the initiative.<\/p>\n
The filing brings Grayscale’s total cryptocurrency-related exchange-traded products to 17, covering assets including Bitcoin, Ether, Solana, XRP, Dogecoin and Chainlink.<\/p>\n", "summary": "Grayscale Investments has filed a registration statement for the first US exchange-traded fund tracking Worldcoin, expanding its range of cryptocurrency-related products beyond major assets such as Bitcoin", "date_published": "2026-07-21T15:49:39+03:00", "date_modified": "2026-07-21T15:49:37+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:49:39 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "27", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "26", "url": "https:\/\/karelia.business\/all\/crypto-markets-see-legislative-progress-miner-rally-and-new-etf-distribution-plans\/", "title": "Crypto Markets See Legislative Progress, Miner Rally and New ETF Distribution Plans", "content_html": "
White House crypto adviser Patrick Witt has postponed military training to continue supporting the CLARITY Act as it advances toward a Senate vote.<\/p>\n
Witt confirmed the deferral in a social media statement, allowing him to remain involved in negotiations for the legislation, which aims to establish a comprehensive federal framework for digital assets. The bill faces a deadline before the August 8 congressional recess.<\/p>\n
Separately, shares of Bitcoin mining companies rose sharply after announcements of major artificial intelligence infrastructure contracts. Hut 8 secured a 15-year, $9.8 billion lease for its data center campus, while IREN reported $2.8 billion in cloud services agreements and raised its annualized revenue target for the business above $4 billion by the end of 2026.<\/p>\n
Several peers, including Cipher Digital, CleanSpark and MARA Holdings, posted gains of at least 9 percent. The developments highlighted the sector’s ongoing diversification into high-performance computing amid challenges in traditional mining economics.<\/p>\n
In asset management news, Grayscale Investments outlined plans to implement regular cash distributions from staking rewards on its Ethereum and Solana exchange-traded products. Amendments to the relevant trust agreements are expected around August 7, with quarterly conversions of rewards into cash for shareholder payouts.<\/p>\n
The move follows Grayscale’s initial staking distribution for its Ethereum product earlier this year. The Ethereum fund holds approximately $1.22 billion in net assets, while the Solana fund stands at $101.13 million.<\/p>\n", "summary": "White House crypto adviser Patrick Witt has postponed military training to continue supporting the CLARITY Act as it advances toward a Senate vote...", "date_published": "2026-07-21T15:48:41+03:00", "date_modified": "2026-07-21T15:48:39+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:48:41 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "26", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "25", "url": "https:\/\/karelia.business\/all\/base-network-nears-launch-of-tokenized-equities-on-ethereum-layer-2\/", "title": "Base Network Nears Launch of Tokenized Equities on Ethereum Layer-2", "content_html": "
Base, the Ethereum layer-2 network developed by Coinbase, is preparing to introduce 1:1-backed tokenized equities in the near term.<\/p>\n
Jesse Pollak, the network’s creator, indicated in a Tuesday social media post that the launch is imminent, with final preparations underway. He acknowledged that a competing Ethereum layer-2 platform had successfully implemented similar products and noted Base’s intention to follow suit promptly.<\/p>\n
The development reflects Base’s strategic shift toward financial applications, including trading, payments, artificial intelligence agents and tokenized assets. The network had previously emphasized social and creator-focused products but has adjusted its priorities accordingly.<\/p>\n", "summary": "Base, the Ethereum layer-2 network developed by Coinbase, is preparing to introduce 1:1-backed tokenized equities in the near term", "date_published": "2026-07-21T15:47:42+03:00", "date_modified": "2026-07-21T15:47:40+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:47:42 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "25", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "24", "url": "https:\/\/karelia.business\/all\/us-spot-bitcoin-etfs-extend-inflow-streak-to-five-days\/", "title": "US Spot Bitcoin ETFs Extend Inflow Streak to Five Days", "content_html": "
US spot Bitcoin exchange-traded funds recorded net inflows for a fifth consecutive session on Monday, marking the longest such streak since early May.<\/p>\n
The funds attracted $226.9 million in new capital, the largest single-day total since July 6. Cumulative inflows over the five-day period reached approximately $727.3 million.<\/p>\n
The performance reduced year-to-date net outflows to below $5 billion. It followed a period of broader market recovery, with Bitcoin climbing above $65,000.<\/p>\n
Analysts noted that the inflows may indicate easing selling pressure more than a resurgence in broad institutional interest. Sustained upward momentum in Bitcoin prices would likely be required to support further capital allocation to the products.<\/p>\n
Bitcoin traded near $65,879 at the time of reporting, up 3.3 percent over the prior 24 hours.<\/p>\n", "summary": "US spot Bitcoin exchange-traded funds recorded net inflows for a fifth consecutive session on Monday, marking the longest such streak since early May...", "date_published": "2026-07-21T15:46:31+03:00", "date_modified": "2026-07-21T15:46:30+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:46:31 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "24", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "23", "url": "https:\/\/karelia.business\/all\/uk-parliamentary-group-launches-inquiry-into-banking-access-for-crypto-sector\/", "title": "UK Parliamentary Group Launches Inquiry Into Banking Access for Crypto Sector", "content_html": "
A United Kingdom parliamentary group has initiated an investigation into barriers faced by cryptocurrency businesses and consumers in accessing banking services, including account openings and transaction restrictions.<\/p>\n
The Crypto and Digital Assets All-Party Parliamentary Group announced the inquiry on Monday. It will evaluate the effects on investment, competition and economic growth, while assessing whether current measures are proportionate.<\/p>\n
Stakeholders including banks, payment providers and crypto firms have until August 31 to submit written evidence. The group intends to release findings and recommendations afterward.<\/p>\n
A survey conducted earlier this year by the UK Cryptoasset Business Council revealed that 10 exchanges reported banks blocking or delaying 40 percent of transactions. Seventy percent of respondents indicated the restrictions had diminished their willingness to invest, expand or hire in the United Kingdom.<\/p>\n
Participants in the survey, which included major platforms such as Coinbase, Kraken and Gemini, reported increased instances of blocked customer transfers. One exchange estimated nearly 1 billion pounds in declined transactions over a 12-month period.<\/p>\n
Industry representatives have argued that banks should apply differentiated risk assessments based on regulatory status, governance and fraud controls rather than uniform restrictions. They noted that blanket policies and transaction limits often fail to distinguish between high- and low-risk cases.<\/p>\n
The inquiry precedes the Financial Conduct Authority’s planned start of full authorization applications for crypto firms on September 30. Full implementation of the regulatory regime is scheduled for October 2027.<\/p>\n
Experts have highlighted a potential inconsistency between the government’s goal of positioning the UK as a global crypto hub and ongoing challenges in securing banking partnerships for authorized entities.<\/p>\n", "summary": "A United Kingdom parliamentary group has initiated an investigation into barriers faced by cryptocurrency businesses and consumers in accessing banking services", "date_published": "2026-07-21T15:45:03+03:00", "date_modified": "2026-07-21T15:45:01+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:45:03 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "23", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "22", "url": "https:\/\/karelia.business\/all\/bitcoin-advances-above-66-000-to-reach-one-month-high\/", "title": "Bitcoin Advances Above $66,000 to Reach One-Month High", "content_html": "
Bitcoin surpassed $66,000 on Tuesday, breaking through recent resistance levels and recording its highest price in more than a month.<\/p>\n
The cryptocurrency reached an intraday high of $66,306. The move followed repeated tests of the $65,000 area and came amid renewed trader optimism for further gains.<\/p>\n
Market participants pointed to potential upside toward $67,000 and beyond, with some forecasts suggesting an additional 5 percent to 6 percent increase if nearby resistance at $67,500 to $68,000 is cleared. The $70,000 level has emerged as a longer-term focus.<\/p>\n
Short liquidations contributed to the upward momentum, with approximately $200 million in cross-cryptocurrency positions closed over 24 hours. Derivatives data indicated growing demand for upside exposure into month-end, particularly ahead of the Federal Reserve meeting on July 28-29.<\/p>\n
Traders noted that while some buying interest appeared limited, the price action reflected improving risk sentiment amid ongoing geopolitical developments. The next key test for sustained momentum lies in holding above the recent breakout zone.<\/p>\n", "summary": "Bitcoin surpassed $66,000 on Tuesday, breaking through recent resistance levels and recording its highest price in more than a month", "date_published": "2026-07-21T15:44:02+03:00", "date_modified": "2026-07-21T15:44:01+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:44:02 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "22", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "21", "url": "https:\/\/karelia.business\/all\/russian-parliament-approves-legislation-to-regulate-cryptocurrency-market\/", "title": "Russian Parliament Approves Legislation to Regulate Cryptocurrency Market", "content_html": "
Russia’s State Duma has passed a comprehensive bill establishing a regulatory framework for digital assets, advancing the country’s efforts to formalize cryptocurrency activity.<\/p>\n
The lower house of parliament approved the measure, known as bill No. 1194918-8, in its second and third readings on Tuesday. The legislation now awaits signature by President Vladimir Putin to take effect.<\/p>\n
The bill sets rules for various market participants, including exchanges, brokers, custodians, asset managers and crypto exchangers. It grants the Bank of Russia significant oversight powers, including the ability to approve eligible crypto assets and issue detailed regulations.<\/p>\n
Separate provisions apply to qualified and non-qualified investors. Non-qualified investors would face annual limits of 300,000 rubles (approximately $3,800) for crypto purchases through a single intermediary and 100,000 rubles for transfers abroad. Qualified investors would encounter higher caps of 3 million rubles for purchases and 1 million rubles for international transfers.<\/p>\n
Domestic use of crypto assets for payments for goods and services remains prohibited. The legislation permits their application in foreign trade settlements to support cross-border transactions.<\/p>\n
If signed, most provisions would enter into force on September 1, 2026, followed by a transition period ending July 1, 2027. After the transition, transactions must occur through regulated entities, with banks required to block non-compliant activity.<\/p>\n
The central bank is expected to issue around 80 supporting regulatory acts by year-end. Additional bills addressing taxation and penalties for violations are also under consideration.<\/p>\n
Industry representatives described the legislation as an initial step, noting that practical implementation will depend on further infrastructure development and detailed rules.<\/p>\n", "summary": "Russia’s State Duma has passed a comprehensive bill establishing a regulatory framework for digital assets, advancing the country’s efforts to formalize cryptocurrency activity", "date_published": "2026-07-21T15:42:52+03:00", "date_modified": "2026-07-21T15:42:50+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:42:52 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "21", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "20", "url": "https:\/\/karelia.business\/all\/gate-europe-ceo-warns-of-potential-further-exits-from-eu-crypto-market-under-mica\/", "title": "Gate Europe CEO Warns of Potential Further Exits from EU Crypto Market Under MiCA", "content_html": "
Gate Europe chief executive Giovanni Cunti has cautioned that some cryptocurrency firms already licensed under the European Union’s Markets in Crypto-Assets Regulation may still exit the bloc due to mounting compliance costs.<\/p>\n
Cunti highlighted the challenges during a Monday interview, noting that stricter requirements have raised barriers for sustained operations. He indicated that several licensed entities could struggle to maintain the necessary resources over the long term.<\/p>\n
The MiCA framework’s 18-month transition period concluded on July 1, compelling firms serving EU clients to obtain authorization or halt regulated activities. Several exchanges responded by limiting or withdrawing services in parts of the region.<\/p>\n
Cunti observed that the regulatory environment, while enhancing investor protections, may discourage innovation compared with jurisdictions offering lighter oversight. Some projects could opt to establish operations elsewhere to avoid the compliance burden.<\/p>\n
The number of authorized crypto-asset service providers has continued to expand, reaching 294 after the European Securities and Markets Authority added 14 firms on Friday.<\/p>\n
Cunti noted that the reduction in market participants from thousands to hundreds creates opportunities for remaining providers, particularly as customers seek to maintain access to EU services.<\/p>\n", "summary": "Gate Europe chief executive Giovanni Cunti has cautioned that some cryptocurrency firms already licensed under the European Union’s Markets in Crypto-Assets Regulation may still exit the bloc due to mounting", "date_published": "2026-07-21T15:41:51+03:00", "date_modified": "2026-07-21T15:41:48+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:41:51 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "20", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "19", "url": "https:\/\/karelia.business\/all\/tether-backed-merger-plan-between-twenty-one-capital-and-strike-abandoned\/", "title": "Tether-Backed Merger Plan Between Twenty One Capital and Strike Abandoned", "content_html": "
A proposed three-way merger involving Tether-backed companies Twenty One Capital, Strike and Elektron Energy has been called off, leaving Strike to operate independently.<\/p>\n
Jack Mallers will continue as chief executive of Strike but has stepped down from the equivalent role at Twenty One Capital. Discussions between Twenty One Capital and Elektron Energy are ongoing. Tether holds majority stakes in both entities.<\/p>\n
Twenty One Capital shares showed little movement in Tuesday premarket trading.<\/p>\n
The original plan, announced earlier this year, had envisioned combining Strike, Jack Mallers’ Bitcoin payments company, with Twenty One Capital before merging the entity with Bitcoin miner Elektron Energy. Tether had indicated support for the transaction.<\/p>\n
Twenty One Capital was established in 2025 with investment from Tether, Cantor Fitzgerald and SoftBank. Tether later acquired SoftBank’s stake in the company.<\/p>\n
The firm holds 43,514 Bitcoin, positioning it as the second-largest corporate holder of the cryptocurrency after MicroStrategy.<\/p>\n", "summary": "A proposed three-way merger involving Tether-backed companies Twenty One Capital, Strike and Elektron Energy has been called off, leaving Strike to operate independently", "date_published": "2026-07-21T15:40:39+03:00", "date_modified": "2026-07-21T15:40:37+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:40:39 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "19", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "18", "url": "https:\/\/karelia.business\/all\/robinhood-blockchain-sees-strong-initial-trading-volume-on-uniswap\/", "title": "Robinhood Blockchain Sees Strong Initial Trading Volume on Uniswap", "content_html": "
Robinhood’s newly launched blockchain has achieved substantial early trading activity, recording $570 million in daily volume on Uniswap shortly after debut, placing it second only to Ethereum.<\/p>\n
The performance draws on the brokerage’s base of 27 million funded users. Activity has been concentrated in memecoins, contributing to the elevated figures during the initial launch period.<\/p>\n
Observers are assessing whether the momentum can persist beyond the opening hype. The chain faces competition from established networks such as Solana.<\/p>\n
Robinhood is positioning the development as part of a broader effort to build an integrated cryptocurrency platform that combines trading, payments and other services.<\/p>\n", "summary": "Robinhood’s newly launched blockchain has achieved substantial early trading activity, recording $570 million in daily volume on Uniswap shortly after debut", "date_published": "2026-07-21T15:03:17+03:00", "date_modified": "2026-07-21T15:12:26+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 15:03:17 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "18", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } }, { "id": "17", "url": "https:\/\/karelia.business\/all\/south-korea-orders-review-of-single-stock-leveraged-etfs-following-market-concerns\/", "title": "South Korea Orders Review of Single-Stock Leveraged ETFs Following Market Concerns", "content_html": "
South Korean President Lee Jae-myung directed financial authorities to review regulations governing single-stock leveraged exchange-traded funds after criticism that the products excessively amplify market volatility.<\/p>\n
Speaking at a cabinet meeting, Lee called for swift improvements to related rules and supporting measures to address the issues. He emphasized continued monitoring of market impacts and readiness to implement further steps if required.<\/p>\n
The comments responded to debate surrounding leveraged products tied to shares of Samsung Electronics and SK Hynix.<\/p>\n
The Korea Financial Services Commission noted that the ETFs were introduced to curb capital outflows to overseas markets and to bring investor activity under domestic oversight. Regulators pointed out that similar leveraged products with two to three times exposure exist abroad.<\/p>\n
Overseas leveraged product volumes have decreased, while net South Korean individual investment in foreign stocks dropped from about $40 billion last year to $2.8 billion in the first half of this year. Officials said the development has helped stabilize the local currency.<\/p>\n
Market observers have nevertheless questioned the role of these domestic products in intensifying recent swings in semiconductor stocks.<\/p>\n", "summary": "South Korean President Lee Jae-myung directed financial authorities to review regulations governing single-stock leveraged exchange-traded funds after criticism that the products excessively amplify market", "date_published": "2026-07-21T14:57:33+03:00", "date_modified": "2026-07-21T14:57:30+03:00", "tags": [], "_date_published_rfc2822": "Tue, 21 Jul 2026 14:57:33 +0300", "_rss_guid_is_permalink": "false", "_rss_guid": "17", "_e2_data": { "is_favourite": false, "links_required": [], "og_images": [] } } ], "_e2_version": 4199, "_e2_ua_string": "Aegea 11.5 (v4199)" }