Cryptocurrency Live News & Updates : Base Surpasses Solana in Daily Token Launches
Base has overtaken Solana in daily token launches, fueled by Zora's Creator Coins and Coinbase's Base App rebranding, which has attracted nearly 3 million traders and $470M in volume. In a significant shift in the cryptocurrency landscape, Base, an Ethereum Layer 2 network backed by Coinbase, has surpassed Solana in daily token issuances, largely due to the rise of Zora's Creator Coins. The Base App's rebranding has driven user growth, resulting in over 1.6 million Creator Coins minted and nearly 3 million unique traders engaging with Zora. Meanwhile, the crypto market faced turbulence as Bitcoin stumbled, and Coinbase missed expectations, amidst growing momentum for stablecoin regulation. Additionally, a major revelation from Arkham highlighted a previously unreported Bitcoin hack from 2020, marking it as the largest crypto theft in history, with 127,000 BTC stolen from the Chinese mining pool Lubian. This incident raises concerns about operational security in the crypto space. As the market grapples with these developments, attention turns to cryptocurrencies like Pi, Cardano, and Flare, which are under scrutiny due to recent price movements and upcoming events. Overall, the dynamic interplay of innovation, regulation, and security continues to shape the evolving narrative of the cryptocurrency market. Show more
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Business Standard
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- Business Standard
Ethereum leads altcoin rally amid shifting crypto winds: Binance Research
The crypto market witnessed a historic shift in its dynamics in July 2025 as altcoins, led by Ethereum (ETH), outperformed, according to a Binance Research report. During the month, total cryptocurrency market capitalisation experienced a notable increase of 13.3 per cent, driven in part by Bitcoin (BTC) reaching new all-time highs of $123,000, Ethereum's strong market performance due to rampant corporate adoption of ETH treasuries, growing digital asset treasury adoption, and increased regulatory clarity following the passage of major crypto bills on stablecoins. "Market dynamics also shifted, with altcoins outperforming — led by ETH — supported by a record 19-day streak of positive net inflows into spot ETH ETFs," said the report. This positive momentum, according to the report, was further supported by the passage of three key bills during US President Donald Trump's 'Crypto Week', which provided crucial regulatory clarity around stablecoins and SEC-CFTC oversight. Further, altcoin and Bitcoin dominance reversed course in July; Bitcoin dominance fell 5.2 per cent to 60.6 per cent, while altcoin dominance rose 10 per cent to 39.2 per cent. 'While Bitcoin had rallied earlier in the year and once again consolidated near all-time highs, July marked the first time this pause aligned with a broader shift in market positioning — supported by risk-on sentiment and improving macro conditions.' These, the report said, included the absence of major market shocks seen in prior months, supportive economic indicators, expectations of an approaching Fed rate-cut cycle, and growing regulatory clarity. Key drivers such as the passage of three crypto bills, progress on ETF approvals, and rising institutional interest in altcoin futures and corporate treasury allocations further fuelled the rotation. Adoption narratives around tokenisation and stablecoins also contributed to the strengthening sentiment. Notably, in the month of July, the US passed the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), creating the first federal framework for fully reserved, AML-compliant stablecoins backed 1:1 by cash or short-term Treasuries. "This regulatory clarity accelerated institutional adoption, with JP Morgan expanding its deposit-token pilot and Citi exploring tokenised deposits for cross-border payments. Visa also highlighted stablecoins as complementary to its network and plans to expand support. On-chain stablecoin transfer volumes remained near their highs in July, continuing to outpace Visa since late 2024 and reinforcing their growing role as global payment rails and mainstream payment infrastructure," said the report. Bitcoin's market dominance declined to approximately 60 per cent, while Ethereum's share surpassed 11.8 per cent, indicating a notable shift in asset allocation within the cryptocurrency market. Ethereum continues to attract substantial inflows into spot ETFs, achieving a record 19 consecutive days of positive net inflows. During the month, corporate ETH holdings rose 127.7 per cent to over 2.7M ETH, now comprising 46.5 per cent of ETF-held ETH, as 24 new companies added ETH to their balance sheets. "The increase coincided with a 50 per cent rally in ETH, making it one of the month's top-performing large-cap assets. This marks the strongest month on record for institutional treasury adoption, driven by staking yield, ETH's deflationary mechanism, and growing preference for direct exposure over passive ETF vehicles." Looking ahead, while July was largely positive, the report cautioned that uncertainty has started to resurface due to several recent developments. This includes the late-month resumption of initial tariffs by the Trump administration, the Fed's somewhat cautious tone following its rate decision (holding rates steady with no clear signal on easing), and the need to fully assess the implications of the White House crypto report released on July 30.
Economic Times
16 minutes ago
- Economic Times
Trump signs GENIUS Act: What does this mean for Crypto policy in India?
Tired of too many ads? Remove Ads The importance of the GENIUS Act Crypto TrackerPowered By TOP COINS TOP COIN SETS Solana 14,851.31 ( 3.24 %) Buy Ethereum 3,24,447 ( 1.82 %) Buy XRP 263.38 ( 1.8 %) Buy BNB 67,311 ( 0.93 %) Buy Bitcoin 1,00,61,253 ( 0.54 %) Buy Global impact of US crypto legislation Popular in Markets 1. How to Start a Crypto SIP: A Beginner-Friendly Guide What does this mean for India? What's next? Tired of too many ads? Remove Ads (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) US President Donald Trump has made significant moves to establish crypto as a mainstream financial product. One of the key steps in this direction is the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which he signed into law this past bill was passed by the House of Representatives and the Senate in July with overwhelming bipartisan support. The signing ceremony was attended by the CEOs of top American crypto companies, including Coinbase, Circle, Tether, and GENIUS Act officially recognises stablecoins as financial products and provides a legal and policy framework for them to operate with confidence. Currently, the stablecoin market is worth about $250 billion, with Tether (USDT) and Circle (USDC) accounting for $165 billion and $65 billion, respectively. Stablecoins offer privacy to users and allow faster, cheaper cross-border major corporations and traditional financial institutions are reportedly exploring the launch of their own stablecoins. These include JPMorgan Chase, Bank of America, Citigroup, Amazon, Walmart, Uber, Alibaba, Revolut, Mastercard, and Standard Chartered Bank. The Act mandates that each stablecoin issued must be backed 1:1 with liquid reserves such as cash or short-term two more crypto bills have passed the House and are now headed to the Senate — the CLARITY Act (Digital Asset Market Clarity Act of 2025) and the Anti-CBDC Surveillance State Act. Together, these bills aim to establish the US as a global leader in digital finance and the crypto US developments have had a massive impact on the global cryptocurrency market. Bitcoin (BTC) has surged past $100,000 and is approaching $150,000, pushing the total crypto market valuation past $4 trillion for the first time. A growing number of countries are following suit, including Pakistan and Bhutan. Pakistan's Crypto Council CEO, Bilal Bin Saqib, revealed that the country is planning to establish a Bitcoin reserve. Meanwhile, Bhutan has disclosed BTC reserves worth $1.3 billion — nearly 40% of its remains a major player in the global crypto space. While it has been a hotspot for Web3 innovation, formalrecognition has been lacking, and the current regulatory landscape remains challenging — particularly due to a heavy taxation the global adoption of stablecoins by mainstream financial institutions and tech giants could signal the beginning of policy changes. According to a government statement in Parliament, India collected Rs 437 crore in taxes from VDA (Virtual Digital Asset)-related income in FY 2022-23. This indicates significant crypto activity despite unclear users can buy and hold digital assets in India, using them for everyday payments — even stablecoins from KYC-compliant platforms — is still prohibited. While VDAs are acknowledged, India remains in a regulatory grey area awaiting clear legal the world's largest recipient of remittances (with $130 billion in 2024), India stands to benefit greatly from the efficiency and low costs of stablecoin-enabled transfers. It seems inevitable that India will adopt legislation to enable the secure, compliant use of stablecoins and other GENIUS Act offers a potential blueprint: simple licensing procedures, full reserve mandates, and transparency through audits — a model that could benefit Indian investors and regulators alike by fostering trust and innovation June, reports indicated that the Indian government was preparing a crypto discussion paper to seek public input on regulation. While this is yet to materialise, it's not a major concern. A crypto regulation bill has been pending in Parliament since 2021. With updated inputs reflecting the changing landscape of 2025, there is hope the bill will soon be tabled. If passed, it could offer clarity and fuel growth in a sector that can significantly contribute to India's economic story.(The author, Devika Mittal is the Regional Head at Ava Labs): Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
30 minutes ago
- Time of India
Trump signs GENIUS Act: What does this mean for Crypto policy in India?
The importance of the GENIUS Act Live Events Global impact of US crypto legislation What does this mean for India? What's next? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel US President Donald Trump has made significant moves to establish crypto as a mainstream financial product. One of the key steps in this direction is the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which he signed into law this past bill was passed by the House of Representatives and the Senate in July with overwhelming bipartisan support. The signing ceremony was attended by the CEOs of top American crypto companies, including Coinbase, Circle, Tether, and GENIUS Act officially recognises stablecoins as financial products and provides a legal and policy framework for them to operate with confidence. Currently, the stablecoin market is worth about $250 billion, with Tether (USDT) and Circle (USDC) accounting for $165 billion and $65 billion, respectively. Stablecoins offer privacy to users and allow faster, cheaper cross-border major corporations and traditional financial institutions are reportedly exploring the launch of their own stablecoins. These include JPMorgan Chase, Bank of America, Citigroup, Amazon, Walmart, Uber, Alibaba, Revolut, Mastercard, and Standard Chartered Bank. The Act mandates that each stablecoin issued must be backed 1:1 with liquid reserves such as cash or short-term two more crypto bills have passed the House and are now headed to the Senate — the CLARITY Act (Digital Asset Market Clarity Act of 2025) and the Anti-CBDC Surveillance State Act. Together, these bills aim to establish the US as a global leader in digital finance and the crypto US developments have had a massive impact on the global cryptocurrency market. Bitcoin (BTC) has surged past $100,000 and is approaching $150,000, pushing the total crypto market valuation past $4 trillion for the first time. A growing number of countries are following suit, including Pakistan and Bhutan. Pakistan's Crypto Council CEO, Bilal Bin Saqib, revealed that the country is planning to establish a Bitcoin reserve. Meanwhile, Bhutan has disclosed BTC reserves worth $1.3 billion — nearly 40% of its remains a major player in the global crypto space. While it has been a hotspot for Web3 innovation, formalrecognition has been lacking, and the current regulatory landscape remains challenging — particularly due to a heavy taxation the global adoption of stablecoins by mainstream financial institutions and tech giants could signal the beginning of policy changes. According to a government statement in Parliament, India collected Rs 437 crore in taxes from VDA (Virtual Digital Asset)-related income in FY 2022-23. This indicates significant crypto activity despite unclear users can buy and hold digital assets in India, using them for everyday payments — even stablecoins from KYC-compliant platforms — is still prohibited. While VDAs are acknowledged, India remains in a regulatory grey area awaiting clear legal the world's largest recipient of remittances (with $130 billion in 2024), India stands to benefit greatly from the efficiency and low costs of stablecoin-enabled transfers. It seems inevitable that India will adopt legislation to enable the secure, compliant use of stablecoins and other GENIUS Act offers a potential blueprint: simple licensing procedures, full reserve mandates, and transparency through audits — a model that could benefit Indian investors and regulators alike by fostering trust and innovation June, reports indicated that the Indian government was preparing a crypto discussion paper to seek public input on regulation. While this is yet to materialise, it's not a major concern. A crypto regulation bill has been pending in Parliament since 2021. With updated inputs reflecting the changing landscape of 2025, there is hope the bill will soon be tabled. If passed, it could offer clarity and fuel growth in a sector that can significantly contribute to India's economic story.(The author, Devika Mittal is the Regional Head at Ava Labs): Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
