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Digital assets platform Nexo has appointed Lorenzo Pellegrino as Chief Banking Officer (CBO), as disclosed to Finbold on July 31. Pellegrino brings over 20 years of fintech experience to the position, including his tenure as CEO of Skrill and NETELLER, where he helped develop digital wallet services used by millions of users. His background also includes leadership roles at Paysafe Group, a NYSE-listed company, giving him experience in high-growth markets and global compliance frameworks. Role and vision for the future In his new role, Pellegrino will oversee the expansion of Nexo’s infrastructure, including digital asset accounts, global payment rails, cross-border settlements, and the dual-mode Nexo Card. He will focus on developing strategic partnerships and scaling services across the digital asset ecosystem. “After decades in the payments and digital wallet space, I’ve seen firsthand how difficult it is to bridge convenience with compliance, speed wi...

JPMorgan Chase has become the first major United States bank to give its retail customers a direct route into cryptocurrencies, unveiling a strategic tie‑up with exchange Coinbase that will let Chase credit‑card holders buy digital assets and convert reward points into the USD Coin (USDC) stablecoin. The phased roll‑out, announced on 30 July, will also introduce a secure bank‑to‑wallet link for the group’s 80 million account‑holders, signalling a decisive shift by the country’s biggest lender towards mainstream adoption of crypto. Under the agreement, customers will receive $1 of USDC for every 100 Ultimate Rewards points transferred and will be able to fund their Coinbase accounts with Chase cards before the end of the year. We're partnering with @Chase to accelerate crypto adoption. Coming soon: → Use Chase credit cards on Coinbase → Redeem rewards points for USDC → Directly link Chase accounts to Coinbase Bridging tradfi to crypto. pic.twitter.com/ObxIaMWI3J ...

BlackRock is ramping up its Ethereum exposure at a pace that far outstrips its Bitcoin allocation. The world’s largest asset manager purchased more than $1.2 billion worth of Ethereum (ETH) between July 22 and July 28, compared to just $267 million in Bitcoin (BTC) over the same period, according to on‑chain data from Arkham . The data shows multiple large‑block transfers of 10,000 ETH each (approximately $36–37 million) from Coinbase Prime hot wallets to BlackRock‑controlled wallets, alongside several smaller inflows, including a single 177,500 ETH transaction worth $655.9 million. https://twitter.com/arkham/status/1950304519268815214 Ethereum price performance At the time of writing, Ethereum trades at $3,812.42, up 3.14% over the past week, while Bitcoin trades at $118,356.67, down 0.11% over the same period. The scale of these inflows adds weight to the narrative that Ethereum is emerging as a preferred institutional play. While Bitcoin remains a domin...

For the past week the most talked about restaurant opening in Southern California, possibly even the world, has been the Tesla Diner: a futuristic-themed eatery and charging station that opened, to much fanfare, in the heart of Hollywood. So, what does the future look like according to Elon Musk? Well, honestly, quite similar to the past. The restaurant Features rollerskating waiters and waitresses (just like Sonic drive-thrus), two drive-in movie theater screens (just like the 1950s), a massive parking lot for up to 80 electric vehicles to charge simultaneously, and a humanoid robot that slowly dispenses popcorn (when it’s actually working). And the food? Well, far from gastronomic inventions crafted by some of the great culinary minds, the menu is much closer to a current fast food joint, boasting burgers, hot dogs, fries, “Epic Bacon,” “wagyu beef chili,” and, for some horrifying reason, chicken and waffles with mayonnaise . A picture of the diner’s mayo-slat...

BlackRock’s Panama Canal negotiations have taken quite a dramatic turn right now, and it’s all because CK Hutchison is actually considering adding a Chinese partner to their massive $22.8 billion port deal. The exclusivity period for this BlackRock Panama deal ended on Sunday, which means new consortium members can now join this transaction that involves some pretty important Panama Canal assets along with Chinese interests. Also Read: BlackRock’s Rieder Sees Surprise September Rate Cut as Inflation Holds BlackRock’s Panama Canal Bid, CK Hutchison Ports, And China Ties Source: Yahoo Finance Chinese Investor Joins The Mix The situation with BlackRock’s Panama deal and China has gotten more complex after CK Hutchison revealed they’re having ongoing discussions about bringing in what they’re calling a “significant” Chinese investor to the consortium. Reports have been tying China’s state-owned Cosco Shipping to getting a potential stake...

A Tornado Cash user hacked the staking contract of NFT gallery firm SuperRare today, stealing roughly $730,000 worth of RARE tokens. Crypto security analysts Peckshield first noticed the substantial loss while Cyvers Alerts reported that the attacker had previously used crypto mixer Tornado Cash 186 days ago.  SlowMist claims the exploit was caused by a faulty permission check in the “updateMerkleRoot function” that allowed the hacker to modify the staking contract and claim tokens for themselves.  ALERTOur system has detected a malicious transaction targeting a @SuperRare staking contract. The attacker’s address, funded via @TornadoCash approximately 186 days ago, executed the exploit and gained 731K worth of $RARE. The stolen funds currently remain in the attacker’s… pic.twitter.com/9CZ6IG4b4B — Cyvers Alerts (@CyversAlerts) July 28, 2025 Read more: Roman Storm says he’s been ‘financially cancelled’ after payroll firm axe SuperRare is an NFT art fir...

The BRICS countries’ GDP volume is rising above that of their competitor G7 from financial projections in 2025 to 2028. For the uninitiated, GDP volume provides a more accurate picture of economic growth by removing the effects of price changes. It is a projection representing the total value of goods and services produced within a country, but adjusted for inflation. The BRICS nations’ GDP volume is projected to grow 2x to 3x faster than that of the G7 countries. While the BRICS bloc is forecasted to rise by 4.2% to 5.1%, the G7 group is estimated to grow by 1.3% to 1.8%. Therefore, on average, BRICS is expected to grow 2x to 3x faster than its counterpart, the G7. Also Read: BRICS Currency Shows Progress, 2026 Launch in View, Say Analysts BRICS Nations’ GDP Volume Rises Above G7 3x Faster Here’s the projected GDP volume for G7 countries: Source: Alliance For Securing Democracy United States: 1.7% – 2.0% Japan: 1.0% – 1.2% Germany: 1.1% – 1.4% United Kingdom: 1....

Chris Larsen’s XRP holdings have been making headlines right now after massive $175 million transfers were detected during XRP’s recent price surge, and this has actually sparked intense debate across the XRP rich list community. The Ripple co-founder still controls around 2.6 billion XRP tokens worth over $8 billion, which represents about 4.39% of the total supply. This XRP price surge to $3.66 before falling to current Ripple XRP current price levels around $3.14 has reignited some centralization concerns. Even with all this volatility, XRP price prediction models are maintaining bullish targets toward $6.00 based on technical breakout patterns. XRP Supply Distribution showing centralization – Source: Watcher.Guru / XRP Rich List XRP Rich List Shock: Chris Larsen Sale Triggers Price Surge Reversal Chris Larsen holdings after $175M sale – Source: Watcher.Guru / XRP Rich List The blockchain data actually exposes systematic selling from Chris Larsen XRP wallets t...

Shibtoshi is an anonymous individual who has garnered substantial popularity for his incredible Shiba Inu (SHIB) gains. Shibtoshi received a phone call from a fried on Aug. 1, 2020, a few hours after SHIB’s debut. He purchased 37 Ethereum (ETH) worth of SHIB tokens, worth around $12,765 at the time. Shibtoshi received about 104 trillion SHIB tokens for 37 ETH. The value of the 104 trillion Shiba Inu tokens ballooned to around $5.7 billion, making Shibtoshi a crypto billionaire. What Happened To The Billionaire’s Shiba Inu Holdings? Source: Freepik.om According to an interview with CoinTelegraph’s Magazine, the Shiba Inu billionaire could not offload all his holdings in one go as the project lacked liquidity. Dumping trillions of coins would lead to the ecosystem crashing. Shibtoshi has since managed to pull out a significant portion from his SHIB holdings. According to the early SHIB investor, “ Same as other large memecoins, you need to be patient to extract val...

As ACNNewsWire reveals about Quantum Solutions, it has declared that it plans to open a Bitcoin treasury. The Japanese listed corporation intends to purchase 3000 BTC in a span of one year as it seeks to clinch the position of the biggest earner of Bitcoin in Japan. The buying will commence with a ten-million-dollar investment by Integrated Asset Management (Asia) Limited. Quantum Solutions considers BTC as a long-term and strategic reserve tool. Japan To Join Global Bitcoin Hoarding Spree? Source: The Block There has been a significant rise in corporate Bitcoin (BTC) investments over the last year. Public companies seem to be hoarding BTC as a strategic reserve. The pivot towards digital currencies is fairly new. The shift could be traced to the US SEC approving 11 spot BTC ETFs in 2024. The move opened the doors for financial giants to enter the digital currency race. BlackRock, the world’s largest asset manager, has highlighted BTC’s potential as a global currency on mult...

A cyberattack on a US nuclear weapons agency has exposed sensitive information, highlighting significant vulnerabilities in government cybersecurity. The breach, which targeted the agency’s Microsoft SharePoint system, raises serious concerns about the security of critical national infrastructure in the digital age. Hackers reportedly breached the National Nuclear Security Administration and other parts of the Department of Energy through the Microsoft SharePoint vulnerability. https://t.co/ocYSWgg4MW pic.twitter.com/jdsuDZb8Md — Eric Geller (@ericgeller) July 23, 2025 Breach Details and Immediate Impact The compromised agency is responsible for overseeing the country’s nuclear arsenal, making the breach a matter of national security interest. Hackers exploited vulnerabilities within the Microsoft SharePoint platform used internally for document management and collaboration. While the full extent of the data accessed remains undisclosed, initial reports in...

The SEC postpones Bitwise ETF approval just hours after staff initially gave it the green light on Tuesday. The Bitwise 10 Crypto Index Fund, which actually manages $1.68 billion in assets and holds major cryptocurrencies like Bitcoin, Ethereum, XRP, and Solana, received staff approval and then staff immediately paused it under Rule 431. This crypto ETF delay 2025 marks the second such reversal this month, and it’s creating fresh uncertainty around multi-asset crypto ETF products right now. Why Bitwise’s Multi-Asset Crypto ETF Faces SEC Scrutiny in 2025 The SEC Postpones Bitwise ETF Under Internal Review Rule The SEC postpones Bitwise ETF approval using something called Rule 431, which actually allows the full Commission to review decisions made by staff. The Division of Trading and Markets had approved the Bitwise 10 Crypto Index Fund conversion on Tuesday morning, but then the SEC’s Office of the Secretary triggered an automatic stay just hours later. Nate Geraci, wh...

XRP is witnessing intense trader engagement this month, propelled by regulatory developments, institutional adoption, and technical breakouts.  Together, these growth catalysts have driven the token to a price of $3.55 at the time of writing, a 75.43% increase over the past month. Moreover, as recent data from futures trading and information platform CoinGlass shows, the total XRP futures open interest has also gone up, having hit a staggering $10.94 billion. Total XRP futures open interest. Source: CoinGlass Referring to the total number of outstanding futures or options contracts that have not yet been settled, open interest shows how much capital is currently locked in by traders betting on XRP’s price movements. When the price rises along with open interest, it often suggests a bullish outlook backed by fresh money entering the market. Why is XRP going up? The momentum follows a broader wave of regulatory and institutional optimism in the wake ...

Token-holders in Trump-affiliated World Liberty Financial approved a governance resolution that purports to unlock the token and “make $WLFI tradable.” Additionally, the proposal noted that some of the tokens sold to early supporters “will be eligible to be unlocked upon launch of tradability.” Furthermore, it notes that “Founders, team, and advisor tokens will not be unlocked initially and will be subject to a longer unlock schedule than early supporters to demonstrate long-term commitment and alignment with the success of the protocol.” This is an important caveat given how many tokens were reserved for team members and Donald Trump . Hey $WLFI community! Following our exciting vote announcement we've seen your questions and concerns. We're here to clear the air on tradability, unlocks, and timelines. Let's dive in. — WLFI (@worldlibertyfi) July 19, 2025 Read more: Is World Liberty Financial a dead project? ...