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A U.S. Congressman has booked extraordinary gains on a little-known Bitcoin mining stock, raising eyebrows in Washington and on Wall Street. Representative Cleo Fields (D-Louisiana) recently bought shares of IREN Limited (NASDAQ: IREN), a Bitcoin mining company, on July 10, 2025.  In a filing disclosed on August 6, Fields reported purchasing between $15,001 and $50,000 worth of IREN stock. According to disclosures tracked by Finbold Signals, this was the first time any sitting member of Congress had reported a trade in IREN. Cleo Fields trading signal alert. Source: Finbold Signals IREN stock continues to soar Since then, the move has paid off handsomely. At Tuesday’s close, IREN was up 163% from the date of Fields’ trade. The stock added another 6% today alone, extending what has become one of the sharpest rallies in the crypto mining sector this year. IREN stock price since trade. Source: Finbold The scale and timing of the trade has fueled scruti...

Whale, a delegated Cardano representative with substantial ADA holdings, has accused the project’s founder Charles Hoskinson and his Input Output Global (IOG) foundation of pointless expenditures worth millions of dollars. Alongside a 2025 Summit proposal vote, Whale, who has deactivated their X account, promised to no longer support Input Output proposals going forward. “We’re in a place where the founding entity has not delivered much for years and is requesting obscene amounts of funds to keep the same level of non-delivery going,” Whale wrote. Whale, who controls about 6 million ADA worth of voting power, escalated the single vote of no confidence by asking delegators to entrust more ADA for automatic denials of all future IOG proposals . Whale’s statement, posted to X by Cardano ambassador Varavas. Individual Cardano users can delegate their smaller stakes of ADA to delegated representatives who cast governance votes on their behalf. Hoskinson r...

The last several weeks have been up and down for the cryptocurrency market. Although prices have struggled to regain their late 2024 levels, industry regulation has promised a brighter day ahead for the industry. One asset that may benefit the most is Ripple, as it may outperform Bitcoin with an impending XRP ETF likely to bring massive inflows. Throughout the last several weeks, Bitcoin has struggled. The leading cryptocurrency by market cap fell below the $90,000 mark Friday despite the recent executive order from US President Trump to establish a BTC reserve. Although it is expected to turn around, there is a chance that XRP could outperform it. Source: Reddit Also Read: XRP’s Surge to $4.3 Is Inevitable, Here’s Why Ripple May Outperform Bitcoin as an XRP ETF Approval Gets Closer Entering 2025, there were few cryptocurrencies that had the kind of potential Ripple had. With the Trump administration set to rewrite the book on crypto policy, its continued persistence over an aggressive...

Although the last week has been a struggle for a host of cryptocurrencies, the potential is undeniable. The asset class has been growing in relevance throughout the year, with many anticipating a turnaround. One of the highest potential assets remains Ripple, as there are two key reasons why XRP can emerge as the best-performing crypto of 2025. Token ended 2024 on a tear. During the final two months of the year, the asset increased an unprecedented 300%. the moment say the cryptocurrency reenters the mainstream discussion and creates lofty expectations for the asst in 2025. The question is, can it meet those and be one of the best digital assets over the next twelve months? Source: Bitget Also Read: Ripple & Chainlink Partner to Further RLUSD Stablecoin Adoption Two Reasons Ripple (XRP) Can Echo 300% Jump in 2025 In recent years, Ripple has struggled to create any notable momentum. The firm behind the XRP token had been the subject of a years-long legal battle with the US Securitie...

The central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto but warned against excessively prohibitive laws. Cryptocurrencies like Bitcoin (BTC) have failed to reduce but rather have “amplified financial risks” in less developed economies, according to a new study published by the The Bank for International Settlements (BIS). On Aug. 22, the Consultative Group of Directors of Financial Stability (CGDFS) released a new report on cryptocurrencies, titled “Financial stability risks from crypto assets in emerging market economies.” The study was conducted by BIS member central banks within the CGDFS, including those in Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru and the United States. The document emphasized that the views expressed are those of the authors and “not necessarily the views of the BIS.” According to the authors of the study, cryptocurrencies like Bitcoin hold out the “illusory appeal” of being a quick solution for finan...

Ripple’s chief legal officer said no “extraordinary circumstance” in the case exists which warrants the Court to accept the SEC’s request for leave. Ripple Labs has voiced its opposition towards the United States securities regulator’s move towards filing an interlocutory appeal relating to the summary judgment laid down by U.S. District Court Judge Analisa Torres on Jul. 13. In an Aug. 16 letter to Torres of the Southern District of New York, Ripple’s lawyers explained that because the Securities and Exchange Commission failed to satisfy elements of the Howey test relating to Ripple’s distribution of XRP — a “legal question” — the Court should reject the SEC’s motion for leave to file an interlocutory appeal. An interlocutory appeal occurs when a ruling by a trial court is appeal ed while other aspects of the case are still proceeding and are only allowed under specific circumstances. Ripple’s lawyers believe it is more appropriate for the SEC to appeal the Court’s ruling after a f...

The new “credit currency” will allow users to rely on cryptocurrencies as collateral without needing to obtain loans from other institutions. Crypto futures exchange OPNX has launched a credit currency for margin trading , according to a July 5 statement made to Cointelegraph from the exchange’s co-founder, Mark Lamb. Called “oUSD,” the currency is available in its “phase 1” iteration, meaning that users cannot receive it without depositing crypto assets into the exchange.  In a future “phase 2” version, the platform intends to make oUSD available to users who deposit crypto into on-chain contracts to allow for possible “bankruptcy remoteness,” Lamb stated. In the currency’s litepaper, oUSD is identified as a solution to three problems. First, lenders do not want to trust platforms to hold cash loans backed by crypto collateral. Second, exchanges and lending platforms don’t want to lend cash to margin traders, as this practice led to multiple bankruptcies during the 2022 bear mar...

The Hong Kong government has created a web3 task force , composed of various market sector representatives and government officials, to draft guidelines for the ethical and sustainable growth of cryptocurrency within the region. The Hong Kong administration has recently launched a web3 task force . The purpose of this initiative is to draft guidelines for the healthy and ethical growth of cryptocurrency in the region, in line with the principles of sustainable development. The group, led by Financial Secretary Paul Chan, is composed of 15 non-official representatives from applicable market sectors, along with key governmental officers and financial regulators. This task force will serve for an initial term of two years beginning from July 1, as stated in an announcement last Friday. Hong Kong government has put together a "task force" to help promote web3 development and adoption the group will be run by the governments financial secretary, and includes regulators, gov...

ARK Invest and 21Shares' third application for a spot Bitcoin ETF now includes a surveillance sharing agreement. ARK Investment Management has amended its spot Bitcoin exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC), making it similar to BlackRock's recent filing.  The amendments include a surveillance sharing agreement with the Chicago Mercantile Exchange (CME) futures markets and crypto exchange, most "likely Coinbase", said Bloomberg's ETF analyst Eric Balchunas on Twitter. In the race for the first Bitcoin ETF in the United States, ARK's filing update puts it ahead of its competitors. JUST IN: ARK has amended their 19b-4 for spot bitcoin ETF to include a surveillance sharing agreement bt CBOE and a crypto exchange (likely Coinbase), which makes their's like BlackRock's filing now, and puts them in pole position to be approved first bc they filed first. pic.twitter.com/P8PCmPdhln — Eric Balchunas (@...

The regulatory framework will allow individuals and companies to own and trade digital assets in America. With the rapid evolution and increasing adoption of crypto currencies, the need for regulatory clarity has become paramount. U.S. Senator Cynthia Lummis has said that her effort s to push for a positive regulatory framework are still in motion.  Senator Lummis garnered praise from the crypto community on Twitter as she shared her commitment to developing a regulatory framework that would facilitate digital asset ownership and trading within the United States. Her tweet serves as a reminder of the anticipated bill that was supposed to be released in April. In collaboration with Senator Kirsten Gillibrand, Senator Lummis has been engaged in a bipartisan initiative to propose extensive regulations for cryptocurrencies. The upcoming legislative effort is anticipated to make significant progress in Congress this year, providing a crucial framework for the rapidly evolving digital asse...

Coinbase Derivatives Exchange’s institutional-sized contracts will be sized at 1 Bitcoin and 10 Ether. As the cryptocurrency industry faces regulatory challenges in the United States, public crypto exchange Coinbase is moving forward with its futures contracts. On June 1, Coinbase revealed its plans to introduce Bitcoin (BTC) and Ether (ETH) futures contracts on June 5 through its Commodity Futures Trading Commission-regulated derivatives exchange. The futures contracts will be targeted toward institutional investors. According to Coinbase, the newly announced institutional-sized contracts will have a specific size of 1 Bitcoin and 10 Ethereum. This sizing is intended to enable clients to effectively manage their exposures in the market. The decision to launch these products was driven by the feedback received by the exchange following the introduction of its nano Bitcoin (BIT) and nano Ether (ET) contracts. In addition, Coinbase stated that its Derivatives Exchange will be dedicat...

Gemini is planning to file a new motion with the court seeking the return of $1.1 billion of digital assets from DCG-owned Genesis. Troubled cryptocurrency exchange Gemini is considering a forbearance option against the Digital Currency Group (DCG), which missed a $630 million re payment last week. When a lender grants forbearance , the borrower can temporarily reduce its mortgage payment or temporarily stop making payment s. The borrower must subsequently pay the reduced or paused payment s. In its updated response, Gemini claimed that the forbearance consideration would be partly based on whether DCG will engage in good-faith negotiations on a consensual deal. If an agreement cannot be reached among the involved parties, Gemini plans to work with DCG-owned Genesis Capital to suggest terms for an amended plan of reorganization that could be advanced without DCG’s consensual participation. On May 19, Genesis also filed a motion with the bankruptcy court seeking to extend its peri...

The May 2 blog post by the White House’s Council of Economic Advisers (CEA) has already attracted strong criticism from the community. The Biden administration has renewed its push for a 30% Digital Asset Mining Energy (DAME) tax on cryptocurrency miners, part of efforts to minimize the industry’s alleged impact on climate change.  The proposed crypto-mining tax was first announced on March 9 as part of President Biden's FY2024 budget and seeks to impose a phased-in 30% excise tax on electricity used by crypto-miners. Today the CEA released a blog highlighting a new tax in the President’s budget, the Digital Asset Mining Excise Tax (“DAME Tax”), a tax equal to 30 percent of the cost of the electricity cryptominers use once fully phased in. 1/ https://t.co/944x0wVVB5 — Council of Economic Advisers (@WhiteHouseCEA) May 2, 2023 “An excise tax on electricity usage by digital asset miners could reduce mining activity along with its associated environmental impacts and other harms,”...

The industry isn’t having the best of its moments now, but the topic of campaign donations in crypto remains a relatively safe space for innovation. On Jan. 25, the Committee on Elections introduced a bill to the Kansas House of Representatives aimed at capping political donation s via crypto at $100. Regardless of the success of this legislative initiative, the state of Kanzas won’t be the first jurisdiction to target anonymous donation s. From authoritarian nations like Russia or China to electoral democracies like Ireland or Canada, one can find recent attempts to ban crypto donation s to politicians all around the globe.  The opponents of crypto may have a strong point — it’s hard to imagine a healthy democracy where large sums of untraceable money are flowing between candidates. But the problem of “dark money” and tools to dispense it around the political system existed way before pseudonymous crypto assets arrived. The industry isn’t having the best of its moments now, but ...

A community member believes that the space will look back to this moment once it succeeds in making the world decentralized. The International Monetary Fund (IMF) recently made another anti-crypto move, expressing its opposition to crypto becoming a legal tender. In response to this, members of the crypto community were quick to fire back, going on Twitter to express disagreement.  The executive board of the IMF recently endorsed a crypto asset policy framework that included not granting crypto assets an official currency or legal tender status. The executives agreed with the framework and highlighted that it’s a necessary move to safeguard monetary stability.  The best #Bitcoin promotion. https://t.co/vwW6YdzBhJ — Dennis Parker (@Xentagz) February 23, 2023 From expressing their support for Bitcoin (BTC) to comparing the situation to other technological advancements, various members of the community fired back at the IMF’s attempt to discredit crypto as a legal tender . Accordi...

Zero knowledge proofs, DIDs, and more could help DeFi protocols maintain regulatory compliance without exposing their users. Decentralized finance (DeFi) has been a rapidly growing sector of the cryptocurrency industry, but it has also faced significant regulatory challenges. With regulators struggling to keep up with the pace of innovation, the lack of clarity around regulation s tends to create uncertainty for DeFi projects. Cointelegraph spoke to Alastair Johnson about regulatory challenges facing the DeFi industry. Johnson is the CEO of an identity “super-wallet” called Nuggets that seeks to deliver verified self-sovereign decentralized identities to users. He said that one of the main regulatory challenges is DeFi platform anonymity, which makes it difficult to comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulation s.  Although privacy is a cornerstone of DeFi, regulatory compliance is essential to protect users and ensure that DeFi platforms are operat...

While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year. Paxos Trust Company — the New York-based Stablecoin issuer behind Binance USD (BUSD) and Paxos Dollar (USDP) — is report edly being investigated by the New York Department of Financial Services (NYDFS). A “person familiar with the matter” told Bloomberg in a Feb. 10 report that the exact motive behind the probe is currently unclear. An NYDFS spokesperson declined to comment on ongoing investigations but noted that the department is broadly working to protect consumers from risks associated with investing in the cryptocurrency market: “The department is in continuous contact with regulated entities to understand vulnerabilities and risks to consumers and the institutions themselves from crypto market volatility we are experiencing.” Paxos has issued BUSD — a U.S. Dollar-collateralized stablecoin — since the firm...

Nirmala Sitharaman hopes that finance ministers and central bank governors will be able to agree on crypto regulations in the G-20 meeting in Bengaluru later this month. India’s Finance Minister, Nirmala Sitharaman, stated that regulation “cannot be done” by a single country, it requires “collective action,” in a recent television interview. Speaking to Rahul Joshi on CNBC-TV18 in India on Feb. 3, Sitharaman noted that while the central bank is the “authority for issuing cryptocurrency,” the rest of the digital assets created outside are “using very useful financial technologies.” Sitharaman said that India is looking at a "global" standard operating procedure (SOP) to be “agreed upon” for regulating crypto assets, ahead of India hosting the G20 Finance Ministers and Central Bank Governors meeting in Bengaluru later this month. She suggested that crypto regulations will only be effective if there is global consensus on them. She noted: “Regulation cannot be done by any one c...