The latest and biggest crypto news about how Bitcoin, blockchain, DeFi, and Web3 are shaping our world. Global: https://t.me/addlist/pIGS3a3VQZllNzIy Community: @telochat_en Twitter: twitter.com/Telo_Official For ads: ad@telo.news
The UAE authorities have clarified that claims about granting 10-year golden residency to cryptocurrency investors are false.
In a joint statement issued by the ICP, SCA, and VARA, long-term residency is only granted to specific categories including real estate investors, entrepreneurs, outstanding talents, scientists, specialists, top students and graduates, humanitarian pioneers, and frontline workers
VARA stated that any licensed “company” is required to strictly adhere to visa procedures set by the Dubai government, and that TON is not licensed or regulated by the authority.
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Toncoin has announced an official partnership with the UAE to launch a 10-year Golden Visa program for eligible TON stakers.
The initiative targets high-net-worth individuals and crypto investors, offering long-term UAE residency and business privileges in exchange for sustained staking support for the TON network. The program aims to strengthen both the TON ecosystem and the UAE’s position as a crypto-friendly jurisdiction.
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Daily transactions on Ethereum are approaching all-time highs, marking the first return to 2021 levels, surpassing 1.25m transactions per day.
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Russian state corporation Rostec will launch its own RUBx token and RT-Pay payment platform by the end of the year to enable secure digital transactions for both businesses and individuals.
The Tron-based RUBx token will be pegged 1:1 to the ruble, legally backed, integrated into the banking infrastructure, and audited by CertiK, with full compliance to Russian financial laws. Rostec is a government-owned conglomerate specializing in high-tech and defense industries.
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Tether earned $5.2bn in 2024 from interest on U.S. Treasuries, lending, and platform fees. As of 2025, its reserve backing consists of:
⚫ 79.7% U.S. Treasury bonds
⚫ 8.0% Other investments
⚫ 5.6% Cash and equivalents
⚫ 4.4% Bitcoin
⚫ 2.3% Gold
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The People’s Bank of China has received proposals from JD.com and Ant Group to approve the issuance of yuan-based stablecoins aimed at boosting the currency’s internationalization.
Ant is also preparing to apply for stablecoin licenses in Hong Kong and Singapore as part of its push to launch offshore RMB stablecoins.
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The U.S. House will hold “Crypto Week” starting July 14, with votes scheduled on the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act.
These bills address crypto regulation, restrict government-issued digital currencies, and promote blockchain innovation.
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The Open Platform (TOP), developer of the Telegram Wallet on TON, raised $28.5m in a Series A round led by Ribbit Capital, reaching a $1bn valuation.
The funding, done via 5% equity without crypto, will support TOP’s expansion into the U.S. and Europe and the launch of blockchain games and AI apps.
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Bitstamp, owned by Robinhood, has received a Major Payment Institution license from Singapore’s MAS, enabling its official expansion into the Asia-Pacific market.
The exchange also holds regulatory approvals in the U.S., UK, and under Europe’s MiCA framework.
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Stablecoin issuers generated nearly $10bn in revenue over the 12 months ending June 2025, led by Tether at $6.56bn, followed by Circle with $1.89bn, and Sky Protocol and Ethena with $384m and $332m, respectively.
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OpenAI has denied authorizing Robinhood to launch tokenized stocks tied to the company, stating it has no partnership with Robinhood and has not approved any equity-related transactions.
Robinhood EU recently announced the launch of private company stock tokens, including OpenAI and SpaceX, and began offering them for free to eligible users.
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The U.S. Federal Housing Finance Agency has called on Congress to investigate Fed Chair Jerome Powell over allegations of political bias and false testimony.
The agency also cited misleading statements regarding the $2.5bn renovation of the Fed’s headquarters, including claims about luxury amenities.
Citing this report, President Trump commented, “‘Too Late’ should resign immediately!!!”
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Donald Trump has reportedly earned $620m from cryptocurrency ventures in just a few months—far surpassing the $34m earned from real estate licensing deals over the past year.
This marks a major shift in the Trump family’s wealth structure, with crypto now generating income faster than their traditional real estate operations. Analysts note that most of these Trump-linked crypto assets trade based on political branding, not fundamentals.
Key revenue sources:
⚫World Liberty Financial: token sales generated $550m, with $390m going to the Trump family
⚫TRUMP memecoin: Trump family controls 80% of the supply
⚫USD1 stablecoin: projected to deliver $100m in revenue this year
⚫Trump National Doral: where luxury condo approvals increased property value from $35m to $1.5bn
⚫American Bitcoin: preparing for a SPAC IPO with a $3bn+ valuation despite holding only $120m in assets
Notable figures involved:
⚫Binance founder CZ and Justin Sun serve as advisors to World Liberty Financial
⚫Eric and Donald Trump Jr. are active participants in global crypto events
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Ripple has applied for a U.S. National Bank License, signaling plans to operate as a federally regulated trust bank.
The license, issued by the Office of the Comptroller of the Currency (OCC), would allow Ripple to offer banking services at the national level—expanding its regulatory footprint in the U.S.
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Coinbase has acquired token management platform Liquifi, expanding its infrastructure for token distribution, vesting, and tax management.
This marks Coinbase’s fourth acquisition in 2025, following deals in crypto advertising, privacy-focused chains, and derivatives platforms—signaling an aggressive push to broaden its product ecosystem.
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💌💌💌💌💌
✔ This week's crypto market highlights:
⚫ Strategy faces class action lawsuits over $6bn Bitcoin losses
⚫ Coinbase named in Time's "100 Most Influential Companies" for 2025
⚫ Kazakhstan establishes state crypto reserve
⚫ Robinhood launches blockchain for tokenized stock trading
⚫ Kraken launches xStocks for 24/5 trading of tokenized U.S. stocks
⚫ Bitcoin reaches highest monthly close at $107,358
⚫ U.S. FHFA calls for probe into Fed Chair Powell
⚫ Trump's "Big, Beautiful Bill" passes the House
⚫ Rostec to launch RUBx token and RT-Pay platform by year-end
⚫ Toncoin offers 10-Year UAE Golden Visa for $TON stakers
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Whales have sold over 500,000 BTC (worth $50bn) in the past year, while institutions like ETFs and corporates have absorbed nearly 900,000 BTC—reshaping market control.
⚫️Institutions now hold approximately 25% of all circulating BTC (4.8m out of 20m)
⚫️Bitcoin volatility has dropped to a two-year low, with analysts projecting modest 10-20% annual gains instead of sharp rallies
⚫️If whales continue offloading and institutional inflows slow, the market could face a sharp correction
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Chinese Chipmaker Nano Labs has bought 74,315 BNB tokens (worth $50m) at an average price of $672.45, as part of a $1bn plan to hold up to 10% of BNB’s supply.
This move brings the firm’s total digital asset reserves to around $160m.
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Brazil’s 2025 tax reform introduces a flat 17.5% tax on all crypto capital gains, hitting small investors hardest by taxing even profits from foreign exchanges.
The new rules also apply to offshore wallets and cold storage, while DeFi activities, staking rewards, and NFT sales are now fully taxed.
Previously exempt fixed-income products like LCIs and CRIs will face a 5% tax, and the online betting tax rate will rise from 12% to 18% starting in October 2025.
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New court documents in the FTX bankruptcy case reveal that users in 49 countries may be excluded from compensation due to local crypto restrictions.
China accounts for over 82% of claims from these “potentially restricted jurisdictions,” meaning most Chinese users are unlikely to recover funds from the collapsed exchange.
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BlackRock’s iShares Bitcoin Trust (IBIT) is now its 3rd highest-earning ETF, generating $191m annually—just $9bn in AUM short of the top spot.
Launched only 1.5 years ago, IBIT has outpaced over 1,190 other BlackRock funds, driven by strong inflows and a 0.25% fee. It now trails only IWF and EFA in revenue.
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President Trump's "Big, Beautiful Bill" passed the House, delivering a major second-term victory for Trump.
The bill encompasses Trump’s domestic agenda, extending tax breaks to millions of American households and businesses that are projected to add trillions to the national debt. The legislation also introduces new tax relief for senior citizens and tip workers.
Beyond tax relief and healthcare cuts, the bill increases defense spending and adds a historic $150bn to fund border security and mass deportations.
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New York law firm Pomerantz has filed a class action lawsuit against Strategy, accusing it of misleading investors about its Bitcoin investment strategy and failing to fully disclose the impact of new accounting rules.
The suit cites a $5.9bn unrealized loss in Q1 2025 and claims Strategy downplayed risks while promoting overly positive Bitcoin yield metrics.
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The IMF has rejected Pakistan's proposal to offer subsidized electricity for crypto mining and energy-intensive industries, citing concerns over market distortion.
While the original plan aimed to boost surplus power consumption, the government remains in talks to refine it with international partners.
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The decreasing supply of Bitcoin on centralized exchanges suggests a growing preference for long-term holding over active trading.
This shift is fueled by ETF inflows, institutional accumulation, and the rise of Bitcoin DeFi, which expands BTC utility beyond centralized platforms. As of July 2025, the share of BTC held on exchanges has dropped to around 14.5%, the lowest level since February 2019.
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The SEC has suspended Grayscale’s plan to convert its Digital Large Cap Fund into a spot ETF and placed it under further review, as the fund was set to list on NYSE Arca and include BTC, ETH, SOL, XRP, and ADA.
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The first spot Solana staking ETF, SSK, launched on the Cboe exchange and ended its first day with $33m in volume—ranking in the top 1% of all ETF launches.
It outperformed the Solana futures ETF (SOLZ), which did $1m on Day One, and began with $25m in seed assets, already making it larger than SOLZ.
While volume surpassed XRP and SOL futures ETFs, it remains below the debut levels of Bitcoin and Ethereum spot ETFs.
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BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed its flagship S&P 500 ETF (IVV) in annual fee revenue — $187.2m vs. $187.1m.
⚫IBIT has attracted $52bn in net inflows since January 2024
⚫It accounts for 96% of all Bitcoin ETF inflows
⚫IBIT now holds over 55% of the total assets in the Bitcoin ETF category
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Bit Digital has raised a total of $162.9m through a public share offering to build an Ethereum treasury, marking its strategic exit from Bitcoin mining.
The company already holds 24,434 ETH ($59.8m) and plans to convert an additional 417.6 BTC ($44.9m) into ETH soon.
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Cloud design platform Figma has filed for an IPO and disclosed $69.5m in spot Bitcoin ETF holdings as of March 31, 2025.
In May, its board approved a $30m Bitcoin investment plan, starting with a matching USDC purchase for conversion.
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