July 24, 2025 • By MarketBeat News

Galaxy Digital Inc. (NASDAQ:GLXY) has been assigned an average rating of "Strong Buy" from six brokerages. The average 1-year price target is $32.25. Several analysts have issued reports, with ratings ranging from "buy" to "strong-buy" and price targets between $25 and $35. Hedge funds have also made changes to their positions in GLXY, with new stakes acquired by Sullivan Wood Capital Management LLC, Vontobel Holding Ltd., and others. The stock opened at $31.03 on Monday, with a 52-week low of $6.89 and a 52-week high of $31.75. Galaxy Digital is a financial services and investment management company operating in the digital asset, cryptocurrency, and blockchain technology sectors.

July 24, 2025 • By Aayush Jindal

Here is a concise summary of the news article: XRP's price has started a downside correction from the $3.650 zone and is now trading below $3.30, at risk of more losses. The price failed to clear the $3.650 resistance zone and declined below the $3.450 and $3.350 support levels, forming a low at $3.050. A bearish trend line has formed with resistance at $3.30, and the price may face resistance near $3.2320 and $3.2650. If XRP fails to clear the $3.350 resistance zone, it could start another decline, with initial support near $3.150 and $3.120. Technical indicators, such as the MACD and RSI, are also bearish.

July 24, 2025 • By Rubmar Garcia

Ethereum (ETH) has rallied nearly 70% in the past month and is attempting to reclaim its critical resistance around $3,800. Crypto analysts suggest that ETH may aim for new highs, but a potential pullback might come first. The cryptocurrency has seen a significant rally, reaching a yearly high of $3,860 before being rejected and retracing to the $3,600 area. Analysts predict that ETH may see a correction soon, with potential targets between $3,300-$3,400, but also forecast a bounce and retest of the $3,800 mark. Some analysts believe that ETH's chart is forming a bullish pattern, similar to its 2019-2020 setup, and predict a cycle top target between $8,000 and $10,000. As of now, ETH is trading at $3,698, a 21% increase in the weekly timeframe.

July 24, 2025 • By Cointelegraph by Ciaran Lyons

Here is a concise summary of the news article: XRP has dropped 10% in the past 24 hours, but a crypto executive believes it can still surpass its 2018 all-time high. Bitpanda's deputy CEO, Lukas Enzersdorfer-Konrad, says that while it's difficult to predict exact levels, a further move beyond the current all-time high is possible if market conditions remain favorable. XRP's price action will depend on the overall altcoin market, and its sensitivity to broader altcoin sentiment and regulatory narratives. Despite the recent drop, some analysts predict XRP could reach as high as $7 to $10, depending on market movements.

July 24, 2025 • By Christian Encila

A new policy report from the US President's Digital Asset Working Group is set to be released on July 30, which may reshape how digital assets fit into the US government's plans. The report is expected to cover the setup of a national digital-asset fund, potentially using seized coins and budget-neutral methods to buy more Bitcoin. The government currently holds around 200,000 BTC from law enforcement seizures. The report may also recommend a 20-year holding period for stability. This development, along with recent legislative moves such as the GENIUS Act and the BITCOIN Act, could add demand to the Bitcoin market, but also carries risks such as price swings and security costs.

July 24, 2025 • By Christian Encila

World Liberty Financial, a crypto venture linked to US President Donald Trump, has purchased $13 million worth of Ethereum (ETH), adding to its existing holdings. The company now owns 73,616 ETH, valued at approximately $275 million. This move is part of a larger buying trend, with World Liberty Financial having an unrealized profit of over $33 million. Other major players, such as SharpLink, Bitmine, and BlackRock, are also increasing their ETH positions, driving the token's price up 20% in the past week and 65% in the last month.

July 24, 2025 • By Cointelegraph by Stephen Katte

Ripple CEO Brad Garlinghouse warns that scammers are impersonating the official Ripple YouTube account to con users, particularly during the current crypto market rally. The scammers are hacking YouTube accounts, updating the pages to impersonate Ripple, and promoting fake "XRP giveaways." Garlinghouse advises users to be cautious and report such scams, reminding them that Ripple will never ask for XRP to be sent to them. This comes as crypto scam losses have reached a record $2.1 billion in the first half of 2025, with Bitcoin and Ether experiencing significant gains in recent days.

July 24, 2025 • By Bloomberg News

Here is a concise summary of the news article: The US Securities and Exchange Commission (SEC) has halted the approval process for Bitwise's cryptocurrency exchange-traded fund (ETF), which would offer broad crypto exposure. The SEC's Division of Trading and Markets initially approved the fund, but later issued an "indefinite stay" suspending its launch. This setback reflects the regulatory ambiguity surrounding crypto ETFs, with the SEC grappling with how to oversee products that combine traditional finance and decentralized technologies. Bitwise's fund, which would track a market-cap-weighted index of major digital assets, is one of several similar filings in limbo, including those from Grayscale Investments and Trump Media & Technology Group Corp. The SEC's decision has created confusion and undermined market confidence, with some analysts speculating that the agency wants to finalize a framework for crypto asset ETPs before allowing these products to convert to ETFs.

July 24, 2025 • By Scott Matherson

Here is a concise summary of the news article: Crypto analyst Tony Severino warns that Bitcoin (BTC) may experience a sharp correction if it fails to reach a new all-time high soon. According to his Elliott Wave chart analysis, BTC is nearing the end of an intermediate Wave 4 Expanded Flat correction, which could lead to a steep drop in wave C, potentially wiping out over 50% of its current value. Severino's analysis suggests that BTC may decline to around $60,000, a 50% drawdown from current levels. However, another analyst, 'The Crypto Professor,' predicts that BTC is gearing up for a fresh all-time high, targeting $129,948, a 9.6% price gain from its current price. The outcome depends on whether BTC can maintain its upward momentum and break out into a new all-time high soon.

July 24, 2025 • By Christian Encila

Here is a concise summary of the news article: PENGU, a cryptocurrency, is gaining traction with a 35% increase in open interest and a 291% spike in derivatives volume, reaching $591 million and $4.43 billion, respectively. The price has been steady above $0.036, currently trading at $0.041, with a relative strength index of 64.04, indicating a bullish trend. Traders are watching the $0.038 level, and a break above it could lead to more traders joining in. The bullish configuration is supported by levels near the 0.786, 0.618, and 0.5 Fibonacci regions, with no signs of bearish divergence on the RSI. However, the increased open interest and derivatives volume make the market prone to sudden changes.

July 24, 2025 • By ETtech

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July 24, 2025 • By Reuters

The S&P 500 and Nasdaq have reached record highs, driven by strong performances from Nvidia and GE Vernova. A potential US-EU trade deal is also in the works. Investors are closely watching Tesla's performance and anticipating future discussions. The market is acknowledging past challenges, with GE Vernova's shares surging after strong earnings reports and Nvidia fueling market gains.

July 24, 2025 • By TMZ Staff

Two NYC men, John Woeltz and William Duplessie, accused of kidnapping and torturing an Italian millionaire for his Bitcoin password, were granted $1 million bail each. They must post bail without using cryptocurrency and will be under home confinement with electronic monitoring and passport surrender pending trial. The pair pleaded not guilty to charges including kidnapping, assault, and unlawful imprisonment. Prosecutors allege they drugged, pistol-whipped, and shocked the victim, eventually obtaining his Bitcoin password. The victim was hospitalized with injuries corroborating his account. A police search found various items, including cocaine and ammunition, at the SoHo townhouse where the alleged crimes occurred.

July 23, 2025 • By PYMNTS

Tether, a stablecoin issuer, is planning to return to doing business in the US. CEO Paolo Ardoino stated that the company is making progress on its US domestic strategy, focusing on payments, interbank settlement, and trading. Tether was previously banned from operating in New York and paid a $60 million settlement in 2021. Despite this, the company plans to expand into the US while continuing to focus on emerging markets. Ardoino also addressed concerns about audits, stating that Tether has spoken with auditors and is not interested in becoming a public company. The company aims to become compliant with US regulations and plans to launch a new dollar-pegged stablecoin in the US within a year.

July 23, 2025 • By Shishir Sinha

The Central Board of Direct Taxes (CBDT) has seen significant results from its 'NUDGE' strategy, which uses data analytics to identify potential tax evasion. Over 30 taxpayers have declared foreign assets, and false claims of deductions have reduced. The CBDT Chairman, Ravi Agrawal, stated that the department's systems create a 360-degree profile of taxpayers' financial transactions, flagging inconsistencies and enabling the identification of high-risk cases. The 'NUDGE' campaigns have led to 62% of taxpayers revising their returns and declaring foreign assets worth ₹29,208 crore. The updated return facility has also seen success, with 88,92,395 updated ITRs filed, generating ₹9,577.06 crores in additional taxes. The CBDT plans to further harness AI and machine learning to enhance risk-assessment capabilities and improve the taxpayer experience.

July 23, 2025 • By Scott Matherson

An Ethereum supporter, Andrew Keys, CEO of Ether Machine, has compared Bitcoin to an outdated "landline" and Ethereum to an "iPhone", citing its smart contract capabilities and tokenization platform as advantages. Keys highlighted Ethereum's growing utility, yield potential, and long-term value, and noted that ETH has surged 30x in the past decade. He emphasized that Ethereum can tokenize various digital assets, embed them into virtual agreements, and generate income through staking, whereas Bitcoin lacks intrinsic return. Keys also pointed out that Ethereum's Proof of Stake mechanism is more efficient and environmentally friendly than Bitcoin's Proof of Work system. He invested $600 million worth of ETH into Ether Machine and believes Ethereum will benefit from the recently passed GENIUS Act, which aims to regulate and support digital assets.

July 23, 2025 • By News Desk

Here is a concise summary of the news article: TRON's network has achieved multi-year highs in transaction volumes and user engagement, solidifying its dominance in the stablecoin and DeFi arenas. According to reports by Cointelegraph and CryptoQuant, TRON's technical architecture, network efficiency, and user adoption have driven its growth. The network has seen significant protocol updates, strategic ecosystem integrations, and a sustained growth in on-chain metrics. TRON hosts the largest circulating supply of USDT stablecoin, with over $81 billion, and has recorded over 321 million user accounts, 10.9 billion transactions, and $25.8 billion in total value locked (TVL). This growth reaffirms TRON's position as a leading infrastructure for USDT transactions and a transformative force in blockchain technology.

July 23, 2025 • By Cointelegraph by Turner Wright

Here is a concise summary of the news article: The trial of Roman Storm, co-founder of Tornado Cash, has reached its eighth day. A witness, IRS Special Agent Stephan George, testified that Storm had control over some funds connected to the mixing service. The testimony is crucial in determining whether Storm could have blocked or disincentivized illicit funds from being laundered. Storm's lawyers challenged the testimony, suggesting that the witness was not qualified to testify on the matter. The prosecution is expected to rest its case on Thursday, after which Storm's attorneys will present their defense. Storm faces charges of money laundering, conspiracy, and violating US sanctions related to his role at Tornado Cash.