Ripple’s XRP token hit a new all-time high after more than seven years. The asset climbed to $3.65 on July 18, amid a market-wide rally. Bitcoin (BTC) had hit a new peak just a few days earlier, and BNB was also on its way to new highs. While XRP did hit a new all-time high, the asset’s price has never gone beyond the $5 mark. Fans and investors have long sought for XRP to hit the $5 target. And the asset may be right on its way to hit its desired target.What May Push XRP’s Price To $5?Source: coinpedia.orgRipple’s XRP…
Author: cryphedge
The New York Department of Financial Services (NYDFS) has imposed a $48.5 million penalty on Paxos as part of its enforcement action against the stablecoin issuer, according to an Aug. 7 announcement.The settlement includes a $26.5 million civil monetary fine and mandates Paxos to spend an additional $22 million over three years to strengthen its compliance systems.According to the financial regulator, this development follows a wide-ranging investigation into Paxos’ compliance failures related to anti-money laundering (AML) and customer due diligence procedures.Paxos’ relationship with Binance attracts scrutinyThe enforcement action centered on Paxos’ relationship with Binance, the largest crypto exchange by trading volume.According to…
Author Jimmy Aki Author Jimmy Aki About Author Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, and Blockonomi, covering news… Share Last updated: August 7, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain…
Cybersecurity firm SentinelLABS has uncovered a sophisticated scam campaign that has siphoned over $900,000 from unsuspecting crypto users.According to the report, the attackers use malicious Ethereum-based smart contracts disguised as trading bots to target individuals who follow seemingly educational content on YouTube.The report added that these scams have been active since early 2024 and constantly evolve through new videos and accounts.How the scam worksThe fraudulent scheme revolves around YouTube videos that offer tutorials on deploying automated trading bots, specifically Maximal Extractable Value (MEV) bots, through the Remix Solidity Compiler, a popular web-based IDE for smart contract development.These videos direct viewers…
Key Highlights Chainlink launches a $1 million LINK Reserve to secure its ecosystem’s future. Revenue from services is now fuelling a growing LINK reserve pool. The reserve highlights confidence in LINK’s long-term utility. Chainlink has officially launched its Chainlink Reserve today, August 7, 2025. This Reserve is a strategic reserve pool that will accumulate LINK on the basis of revenue streams from both on-chain and enterprise-level off-chain services. Chainlink’s Reserve is changing the game by letting users cover fees using stablecoins or gas tokens, thanks to its smart Payment Abstraction feature. Behind the scenes, those payments get instantly swapped into…
What’s the story behind whales shifting capital to utility-first altcoins? While Hyperliquid is drawing ambitious price predictions, a growing number of crypto whales are stacking a GambleFi project that’s already live and available to play. Rollblock isn’t just grabbing headlines with its presale buzz, it’s building the future of a crypto-based gaming ecosystem that offers staking rewards and revenue mechanics unlike any utility altcoin. Is this the moment when speculation gives way to real functionality in Q3?Rollblock (RBLK) Draws Whale Attention with Utility and Institutional MomentumRollblock is flipping the script on crypto speculation, and high-net-worth investors are taking notice. Built on…
Robinhood has listed Floki Inu and Ondo Finance tokens. The move grants the duo exposure to Robinhood’s massive 25M user base, FLOKI sheds its meme status, while Ondo fuels the RWA narrative. Digital tokens have staged recoveries on Thursday as the global crypto market cap increased by over 3% in the past day to $3.83 trillion. While Ethereum’s jump past $3,850 has renewed the ‘altseason’ narrative, commission-free trading site Robinhood has boosted FLOKI and ONDO’s momentum with today’s listing. $FLOKI and $ONDO are now available to trade on Robinhood. pic.twitter.com/RxZlKtaCOS — Robinhood (@RobinhoodApp) August 7, 2025 The leading trading platform…
India’s tax authorities have uncovered nearly 630 crore rupees (approximately $72 million) in undisclosed income from crypto-related transactions, according to an Aug. 5 disclosure by Pankaj Chaudhary, the Minister of State for Finance.The minister, citing figures from the Central Board of Direct Taxes (CBDT), stated that the numbers reflect discrepancies in tax filings tied to Virtual Digital Asset (VDA) trades.Alongside this revelation, the minister also confirmed that the government has collected 705 crore rupees (more than $80 million) in taxes on crypto gains over the past two financial years.These revenues come from users who voluntarily reported income from digital assets…
VeChain (VET) seems to be rebounding from its recent correction. According to CoinGecko VET statistics, the asset has gained 3.4% in the last 24 hours, 17.5% over the previous month, and 4.4% since August 2024. Despite the turnaround, the asset is still down by 2.5% in the weekly charts and 2% in the 14-day charts. VET’s price has also fallen by 91.4% from its all-time high of $0.281. The asset hit a peak in April 2021, more than four years ago. Let’s examine how VeChain may perform over the next five years and whether it can reach the $3 mark…
President Donald Trump will sign an executive order today directing federal regulators to ease legal pathways for 401(k) plans to include private equity, real estate, crypto, and other alternative assets.As Bloomberg reported, the directive tasks the Department of Labor with reevaluating fiduciary guidance under the Employee Retirement Income Security Act (ERISA) and coordinating with the SEC and Treasury Department to enable broader investment access for defined-contribution plans.The move positions approximately $12.5 trillion in U.S. retirement savings as a potential channel for asset managers long restricted from retail allocation pools. While traditional 401(k) plans remain concentrated in publicly traded equities and…
