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  • Florida probes Robinhood’s crypto trading promotion
    by Stephen Katte on July 11, 2025 at 2:40 am

    Lucas Moskowitz, Robinhood’s general counsel, told Cointelegraph that the platform’s “disclosures are best-in-class,” and “customers can trade crypto at the lowest cost on average”. Florida’s top prosecutor has opened an investigation into trading platform Robinhood, alleging it has been falsely promoting its crypto services as the least expensive on the market.However, Lucas Moskowitz, Robinhood’s general counsel, told Cointelegraph in a statement that the platform is transparent about its fees, and customers trade crypto at the lowest cost on average. In a statement on Thursday, Florida Attorney General James Uthmeier accused Robinhood of breaking Florida’s Deceptive and Unfair Practices Act and issued a subpoena asking for various documents from the platform.   Read more

  • China’s 100K TPS blockchain, Japan’s Minna Bank eyes Solana: Asia Express
    by Yohan Yun on July 10, 2025 at 10:57 pm

    China’s Chang’an blockchain hits 100K TPS — but don’t mention “crypto”, Japan’s Minna Bank looks to issue stablecoins on Solana, Asia Express Beijings state media is rallying behind Changan Chain, a homegrown blockchain infrastructure hailed as a solution to Chinas root problem of digital sovereignty.A profile on Qianlong.com credits researcher Dong Jin and his team for building a fully open-source and state-backed blockchain stack now powering national digital projects. Though little-known outside China, Changan Chain has gone through 21 iterations over six years and now claims to handle over 100,000 transactions per second a benchmark often cited by next-generation blockchains aiming to match the scale of traditional financial networks.It is reportedly being used in Chinas nationwide real estate registration system and by companies to digitize supply contracts, allowing banks to verify supplier relationships and accelerate loan approvals.Read more

  • SUI bullish chart pattern confirmation sets breakout target at $3.89
    by Rakesh Upadhyay on July 10, 2025 at 10:30 pm

    SUI broke out of an inverse head-and-shoulders pattern, opening the door for a rally to $3.89. Key points:SUI broke above a bullish pattern, opening the gates for a potential rally to $3.89.Bitcoin (BTC) surged to a new all-time high on Thursday, and the bullish sentiment has rubbed off on select altcoins. One such altcoin is Sui (SUI), which rallied 11.3% to $3.41.Read more

  • US Senate confirms ex-Bitfury exec to lead OCC banking regulator
    by Turner Wright on July 10, 2025 at 10:16 pm

    Jonathan Gould will return to the OCC as Comptroller of the Currency to serve a five-year term following his nomination by US President Donald Trump. Jonathan Gould, who previously worked as the chief legal officer of blockchain infrastructure company Bitfury, has been confirmed as the head of the US Office of the Comptroller of the Currency (OCC) following a Senate vote.In a 50-45 vote in the US Senate on Thursday, a majority of lawmakers voted to confirm Gould to head the banking regulator. In addition to his work at Bitfury, Gould is a partner at the Cleveland-based law firm Jones Day and served as the OCC’s senior deputy comptroller and chief counsel from 2018 to 2021.Gould’s nomination was the latest from US President Donald Trump to be addressed by the Senate since the president took office in January. The chamber has previously voted to confirm Trump’s pick to head the US Securities and Exchange Commission, Paul Atkins, and is expected to take up a vote for Brian Quintenz to chair the Commodity Futures Trading Commission (CFTC) soon. Read more

  • Crypto scammer's sentence bumped to 12 years from 18 months for welshing on debt
    by Vince Quill on July 10, 2025 at 10:15 pm

    Nicholas Truglia was initially sentenced to 18 months behind bars for carrying out SIM-swapping attacks against crypto investors. Nicholas Truglia, a crypto scammer convicted in 2022 and initially sentenced to 18 months in prison, had his sentence extended to 12 years on Thursday for failure to pay back a victim he targeted in 2018.Truglia failed to pay over $20 million in restitution to crypto investor and CEO of the public relations company Transform Group, Michael Terpin, according to Bloomberg.“At sentencing, Mr. Truglia demonstrated a willingness to repay his victim the entire amount stolen,” Judge Alvin Hellerstein wrote in a July 2 order. The order also read:Read more