Hungary Tightens Laws For ‘unauthorized’ Crypto Trading

Hungary has passed laws that could slap individuals trading crypto using an unauthorized crypto exchange with prison. Those who use a so-called “unauthorized crypto-asset exchange service” could face up to two years in prison with penalties increasing based on the value traded, according to an update to the country’s Criminal Code that came into force on July 1. The updated laws also target unauthorized crypto service providers with up to three years in prison, which could increase depending on the value of illicit trades. Local news outlet Telex reported on…

Polygon (MATIC) Weekly Update: Heimdall v2 Upgrade, €100M Blockchain Bond, and Mixed Market Signals

Felix Pinkston Jul 15, 2025 03:35 Polygon’s (MATIC) ecosystem saw major developments this week, including the €100M NRW.BANK blockchain bond and the Heimdall v2 upgrade. Despite Bitfinex delisting, technical upgrades and institutio… 1. Executive Summary Polygon (MATIC), one of the leading Ethereum scaling solutions, experienced a transformative week driven by significant technological and institutional milestones. The Heimdall v2 upgrade promises faster transaction finality and improved network efficiency, while NRW.BANK’s issuance of a €100M blockchain bond on Polygon highlights its growing institutional appeal.…

Bitcoin Exchange Inflows Spike After $123,000 Peak

Bitcoin (BTC) surged to a new all-time high (ATH) of $123,218 earlier today, pushing its market cap beyond $2.4 trillion. However, exchange data shows a sharp increase in BTC inflows following this milestone, raising concerns of a potential short-term correction. Bitcoin Exchange Inflows Warn Of Pullback According to a CryptoQuant Quicktake post by contributor Tarekonchain, BTC is beginning to show signs of short-term cooling. Notably, exchange inflows recorded a sharp uptick right after Bitcoin hit its fresh ATH. Related Reading The following chart shared by the analyst highlights exchange netflows…

Economist Steve Hanke Torches Bitcoin Strategy With Brutal ‘No Value’ Verdict

Bitcoin’s record-breaking rally is under fire as influential economists slam BTC treasury strategies, warning investors of fundamental worthlessness and likening current enthusiasm to blind speculation. Steve Hanke Doubles Down: Bitcoin Treasuries Have ‘No Fundamental Value’ A sharp critique of crypto treasury strategies is casting a shadow over bitcoin’s record surge, igniting fresh skepticism from influential […] Original

Bitcoin Price Retreats After Hitting ATH — Bulls Pause for Breath

Bitcoin price started a fresh increase above the $118,500 zone. BTC traded to a new high above $120,000 and recently started a downside correction. Bitcoin started a fresh increase above the $120,000 zone. The price is trading near $118,500 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $119,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,500 resistance zone. Bitcoin Price Sets New ATH Bitcoin…

Bitcoin-powered Abacus Market Suspected Exit Scam

Abacus Market, the largest Bitcoin-powered Western darknet marketplace, has gone offline in an apparent exit scam.  Its website and infrastructure, including its clearnet mirror, are inaccessible, TRM Labs said in a report on Monday. The disappearance has led TRM to believe the “operators have likely conducted an exit scam, shutting down operations and disappearing with users’ funds.”  TRM Labs said the closure could be the result of attention from law enforcement, as Abacus Market clocked a monthly record after the closure of Archetyp Market, one of the longest-running dark web…

Bitcoin Hits $123,000—But Inflows Are Just A Fraction Of 2024’s Peak

Bitcoin has set a new all-time high (ATH) around $123,000, but cryptocurrency market inflows are still far from the peak observed back in 2024. Crypto Capital Inflows Are Currently Sitting At $51 Billion As pointed out by analyst Ali Martinez in a new post on X, there is a stark difference in capital participation between the current Bitcoin rally and the one from December 2024. Related Reading Below is the chart shared by the analyst that compares the two bull runs. The trend in the Realized Cap change for Bitcoin,…

U.S. Loads Up, Germany Cashes Out as BTC Holds Near $119K

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. As bitcoin trades near $119,500, having just recently broken through another all-time high of $120,000, digital asset investment products are also breaking records for inflows – but there’s a regional disparity. According to CoinShares, U.S.-listed funds dominated with $3.74 billion in inflows, while Germany saw $85.7…

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