The illegal crypto gambling industry generated $81.4 billion in revenue in 2024—nearly matching the entire estimated legal online gambling market.
Forbes Digital Assets 2025-08-01 21:27
Soft U.S. July jobs numbers released Friday morning combined with shocking revisions lower to June and May prints to produce the weakest three-month period of employment growth since the Covid shutdowns of 2020. The data seems likely to put an end to the wait-and-see approach of Federal Reserve Chairman Jerome Powell and set the central bank on a path to restarting rate cuts at its next meeting in September. That's sent the yield on the 10-year U.S. Treasury bond plunging 14 basis points to 4.22% and the price of gold pumping 1.5% to $3,400 per ounce and back within sight of its record high. Whither two other interest-rate sensitive assets: bitcoin and stocks? Not so much. With about 90 minutes to go in the U.S. trading session, both are at session lows, with the Nasdaq plunging 2.5% and bitcoin down more than 3% to $113,800. And bitcoin's an outperformer. Ether (ETH), solana (SOL) BNB (BNB), and dogecoin (DOGE) are all down about 6%. Notably holding its own is XRP (XPR), off just 2.9%. The president weighs in "Jerome 'Too Late' Powell is a disaster," said President Trump on Truth Social shortly after the jobs report. "DROP THE RATE." Minutes ago, the president again took to his social media platform to call for the firing of Dr. Erika McEntarfer, the Commission of Labor Statstics (the group overseeing the jobs data), accusing her of cooking the books to boost Biden/Harris last year and make things look worse under his administration. Checking equities As for crypto-related stocks, don't ask. Coinbase (COIN) has plunged nearly 18% as the day's risk-off mood combined with a punk earnings report Thursday evening. Tradfi-related peer Robinhood (HOOD) is lower by only 3.1%. Also reporting last night was bitcoin miner Riot Platforms (RIOT) and it's tumbling 17%. Peer MARA Holdings (MARA) is down 3%. High-flying stablecoin issuer Circle (CRCL) is off 7.5%, as is bitcoin treasury leader Strategy (MSTR).
CoinDesk 2025-08-01 21:25
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CoinOtag 2025-08-01 21:17
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CoinOtag 2025-08-01 21:14
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CoinOtag 2025-08-01 21:12
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CoinOtag 2025-08-01 21:10
BitcoinWorld Carbon Credit Tokenization: DevvStream’s Bold $10 Million Crypto Investment Unveiled In a move that bridges traditional finance with the cutting edge of digital assets and sustainability, Nasdaq-listed DevvStream has made a significant commitment, deploying $10 million into Bitcoin (BTC) and Solana (SOL). This strategic investment is aimed at accelerating their ambitious plans for carbon credit tokenization , a burgeoning sector at the intersection of environmental responsibility and blockchain innovation. This bold step not only signals a growing institutional interest in cryptocurrencies but also highlights the transformative potential of blockchain technology in addressing global environmental challenges. What Exactly is Carbon Credit Tokenization? At its core, carbon credit tokenization involves converting traditional carbon credits, which represent a reduction or removal of one metric ton of carbon dioxide equivalent from the atmosphere, into digital tokens on a blockchain. This process transforms an otherwise illiquid and often opaque asset into a more accessible, transparent, and tradable digital commodity. Here’s how it typically works and why it matters: Digitization of Assets: Each token represents a verified carbon credit, allowing for fractional ownership and easier transferability. Enhanced Transparency: Blockchain’s immutable ledger ensures every credit’s origin, verification, and retirement can be tracked, significantly reducing issues like double-counting. Increased Liquidity: Tokenization opens up carbon markets to a wider range of participants, from institutional investors to individual buyers, fostering greater liquidity. Reduced Costs: Automating processes through smart contracts can lower transaction fees and administrative burdens associated with traditional carbon markets. Despite these benefits, challenges remain, including the need for global regulatory harmonization and ensuring the underlying quality and integrity of the carbon projects themselves. However, firms like DevvStream are actively working to overcome these hurdles, paving the way for a more efficient and trustworthy carbon market. Why Did DevvStream Choose Bitcoin and Solana for Carbon Credit Tokenization? DevvStream’s decision to invest specifically in Bitcoin and Solana for its carbon credit tokenization initiative is a calculated one, reflecting a nuanced understanding of the crypto landscape and its potential applications. The firm, which specializes in financing and developing carbon reduction and removal projects, aims to leverage blockchain to enhance the integrity and accessibility of carbon markets. Let’s explore the rationale behind their choices: Cryptocurrency Strategic Rationale for DevvStream Bitcoin (BTC) Store of Value & Institutional Acceptance: Bitcoin is widely recognized as a digital gold, offering a robust and liquid asset for DevvStream’s treasury. Its growing institutional adoption provides a stable base for future crypto-backed ventures and adds credibility to their digital asset strategy. Solana (SOL) High Throughput & Scalability for Tokenization: Solana’s blockchain is known for its high transaction speeds and low costs, making it an ideal platform for issuing and managing large volumes of tokens. This is crucial for efficiently scaling carbon credit tokenization efforts, ensuring quick and affordable transactions for buyers and sellers. Its growing ecosystem also offers opportunities for integration with decentralized finance (DeFi) applications. The synergy between these two assets is clear: Bitcoin provides a strong financial foundation and market liquidity, while Solana offers the technical infrastructure needed for the efficient and scalable tokenization of carbon credits. This dual approach allows DevvStream to capitalize on both the established value of Bitcoin and the innovative capabilities of Solana. How Will DevvStream Fund Further Carbon Credit Tokenization and Infrastructure? DevvStream’s $10 million investment is just the beginning of a larger financial strategy designed to propel its carbon credit tokenization and broader infrastructure ambitions. The firm successfully raised $300 million through convertible notes, demonstrating significant investor confidence in its vision. This capital infusion provides a substantial war chest for initial crypto investments and operational scaling. Furthermore, DevvStream is actively seeking to expand its credit line. This expansion is critical for several reasons: Funding Future Crypto Investments: A larger credit line would enable DevvStream to make additional strategic investments in cryptocurrencies, potentially diversifying its digital asset portfolio or increasing its exposure to key assets like BTC and SOL as market conditions evolve. Investing in Infrastructure: Beyond crypto, DevvStream plans to invest in the physical and digital infrastructure necessary to support its carbon credit projects. This could include technology for carbon measurement, reporting, and verification (MRV), as well as platforms for token issuance and trading. Scaling Operations: Expanding credit facilities provides the financial flexibility needed to scale operations, acquire new carbon projects, and enhance their capacity to generate high-quality, verifiable carbon credits for tokenization. This multi-pronged financial approach underscores DevvStream’s long-term commitment to leading the charge in sustainable finance through blockchain technology. Their ability to attract significant capital suggests a strong belief from investors in the future of tokenized environmental assets. What Are the Broader Implications for Sustainable Finance and Crypto Adoption? DevvStream’s pioneering move into carbon credit tokenization carries profound implications for both the sustainable finance sector and the wider cryptocurrency ecosystem. It represents a tangible example of how blockchain technology can be leveraged for real-world impact, moving beyond speculative trading to address pressing global issues like climate change. Key implications include: Increased Institutional Crypto Adoption: When a Nasdaq-listed company invests millions in BTC and SOL for a specific business purpose, it sends a powerful signal to other traditional institutions. This can accelerate the mainstream adoption of cryptocurrencies as legitimate assets and operational tools, rather than just speculative investments. Democratization of Carbon Markets: Tokenization can lower the barrier to entry for smaller businesses and even individuals to participate in carbon markets. This allows more diverse entities to contribute to climate action and benefit from the value of carbon credits, fostering a more inclusive environmental economy. Enhanced ESG (Environmental, Social, and Governance) Investing: For ESG-focused investors, tokenized carbon credits offer a new, transparent, and verifiable way to incorporate environmental impact into their portfolios. This can drive more capital towards sustainable projects and incentivize corporate responsibility. New Financial Products and Services: The emergence of tokenized carbon credits creates opportunities for innovative financial products, such as carbon-backed stablecoins, decentralized carbon exchanges, and climate-focused DeFi protocols. This expands the utility and depth of the crypto market. This convergence of sustainability and blockchain has the potential to unlock significant value, creating a more efficient, transparent, and impactful global carbon market. DevvStream is setting a precedent that other companies may soon follow. Navigating the Landscape: Opportunities and Hurdles for Carbon Credit Tokenization While the promise of carbon credit tokenization is immense, it’s important to acknowledge both the opportunities it presents and the hurdles that need to be overcome for widespread adoption and success. Opportunities: Global Accessibility: Blockchain-based carbon markets can operate 24/7, enabling participants from anywhere in the world to buy and sell credits without geographical or time constraints. Fractional Ownership: Tokenization allows for credits to be divided into smaller units, making them more affordable and accessible to a broader range of buyers, including individuals and small businesses. Programmatic Carbon Offsetting: Smart contracts can enable automated carbon offsetting for businesses based on their operational data, making corporate sustainability efforts more efficient and verifiable. Innovation in Verification: Blockchain can integrate with IoT devices and satellite imagery for more real-time, tamper-proof verification of carbon reduction projects, enhancing the integrity of credits. Hurdles: Regulatory Uncertainty: The lack of clear, consistent global regulations for tokenized assets and carbon markets can create legal and operational challenges for companies operating across jurisdictions. Quality Control of Credits: The effectiveness of tokenization hinges on the quality and integrity of the underlying carbon credits. Ensuring that credits represent genuine, additional, and permanent emissions reductions remains paramount. Market Volatility: While BTC and SOL offer benefits, their price volatility could impact the perceived stability of tokenized carbon credits, especially if they are directly linked to crypto asset values. Scalability and Energy Consumption: While Solana is energy-efficient, the broader perception of blockchain’s energy use can be a concern for an environmentally focused initiative. Ensuring the underlying blockchain can scale to meet global demand is also key. Addressing these hurdles will require collaborative efforts from technology providers, regulators, project developers, and market participants to build a robust and trusted ecosystem for tokenized carbon assets. Actionable Insights for Engaging with Carbon Credit Tokenization For those looking to understand or engage with the evolving landscape of carbon credit tokenization , DevvStream’s actions provide valuable insights. Whether you are an investor, a business owner, or an environmental advocate, there are ways to approach this convergence of finance and sustainability. For Investors: Consider the long-term potential of projects that bridge traditional finance with blockchain for real-world assets. Look beyond speculative trading to companies building tangible utility. Diversify your portfolio with exposure to both established cryptocurrencies and projects focused on sustainable innovation. For Businesses: Explore how tokenized carbon credits could fit into your corporate sustainability strategy. Could purchasing tokenized credits streamline your offsetting efforts? Could your company benefit from the transparency and efficiency offered by blockchain in managing your environmental footprint? For Innovators and Developers: The space for decentralized carbon markets is still nascent but growing. There’s significant opportunity to build tools, platforms, and verification mechanisms that enhance the integrity and accessibility of tokenized carbon. For Environmental Advocates: Understand how blockchain can be a powerful tool for climate action, providing transparency and efficiency that traditional markets often lack. Advocate for policies that support the responsible development and regulation of these emerging markets. The movement towards tokenized environmental assets is gaining momentum, and understanding its mechanics and implications is becoming increasingly important for various stakeholders. DevvStream’s $10M investment in BTC and SOL signals a new era for carbon credit tokenization. Carbon Credit Tokenization: DevvStream's Bold $10 Million Crypto Investment Unveiled Conclusion: A Pioneering Step Towards a Greener Digital Future DevvStream’s strategic $10 million investment in Bitcoin and Solana for carbon credit tokenization marks a significant milestone in the journey towards integrating blockchain technology with sustainable finance. This move not only underscores the growing maturity and utility of cryptocurrencies beyond speculative assets but also highlights the immense potential for digital innovations to address pressing global challenges like climate change. By leveraging the transparency, efficiency, and global reach of blockchain, DevvStream aims to transform the historically opaque and illiquid carbon markets into a more accessible and verifiable ecosystem. As more traditional companies explore the power of decentralized technologies, we can anticipate a future where environmental assets are seamlessly integrated into the digital economy, fostering greater accountability and accelerating the transition to a more sustainable world. This pioneering step sets a powerful precedent for how finance and technology can collaboratively drive positive environmental impact. Frequently Asked Questions (FAQs) Q1: What is DevvStream’s main business? DevvStream is a Nasdaq-listed company focused on financing and developing carbon reduction and removal projects. Their core business involves generating and selling carbon credits to organizations looking to offset their emissions. Q2: Why is DevvStream investing in Bitcoin and Solana for carbon credit tokenization? DevvStream is investing in Bitcoin for its strong liquidity and established status as a store of value, providing a robust financial base. Solana is chosen for its high transaction speed and low costs, making it an efficient platform for issuing and managing tokenized carbon credits at scale. Q3: How does carbon credit tokenization benefit the environment? Carbon credit tokenization enhances transparency and traceability of carbon credits, reducing fraud and double-counting. It also increases liquidity and accessibility of carbon markets, potentially driving more investment into genuine carbon reduction and removal projects. Q4: What are the main challenges for carbon credit tokenization? Key challenges include the need for clear and consistent global regulations, ensuring the quality and integrity of the underlying carbon projects, and managing the price volatility of associated cryptocurrencies. Q5: Will tokenized carbon credits replace traditional carbon markets? While tokenized carbon credits offer significant advantages, they are more likely to complement and enhance traditional carbon markets rather than fully replace them in the near term. They provide an innovative digital layer that can improve efficiency, transparency, and accessibility. Q6: How does DevvStream plan to fund further investments? DevvStream has already raised $300 million via convertible notes and is actively seeking to expand its credit line. This funding will support further investments in cryptocurrencies and the infrastructure necessary to scale its carbon credit projects and tokenization efforts. If you found this article insightful, please share it with your network! Help us spread the word about the exciting developments in sustainable finance and blockchain technology. Your shares help bring these important topics to a wider audience. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Solana institutional adoption. This post Carbon Credit Tokenization: DevvStream’s Bold $10 Million Crypto Investment Unveiled first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin World 2025-08-01 21:10
The crypto market enters August 2025 with mixed interpretations about whether an altcoin season is taking shape. While Bitcoin remains near its recent highs, some traders are shifting attention toward projects like Tron, Sui, and Pi Coin. Each shows contrasting price action and sentiment, making them part of the debate over the durability of the current altseason trend. Tron: Steady Growth With Utility Tron (TRX) has maintained steady traction in recent weeks. The Tron price is around $0.32, according to CoinMarketCap, with a market cap of about $31 billion and daily trading volume of nearly $1.54 billion, up by 44% within the past 24 hours. Here’s where I’ll be staying at @BlueOrigin ’s Astronaut Village! Comment on my Tiktok what you want to know about my experience—I’ll answer your questions tomorrow! https://t.co/gSJ9xlJpH6 pic.twitter.com/5oXcxmBk6x — H.E. Justin Sun (@justinsuntron) August 1, 2025 July trading showed a stable range between $0.28 and $0.33. This consolidation suggests steady demand despite market volatility. Analysts cite Tron’s DeFi footprint and lower supply compared to competitors as reasons why it continues to attract flows during periods when altcoin season activity rises. Whale accumulation and consistent activity across Tron’s DeFi applications add to the case for continued relevance. Some research outlets have pointed to its ability to maintain liquidity and support ecosystem projects, which has allowed TRX to stay in the conversation despite stronger competition from the Ethereum and Solana ecosystems. Sui: Growth Meets Recent Pullback The Sui price currently sits near $3.58, supported by a market cap of about $12.3 billion and daily trading volume exceeding $2.4 billion. Data shows a modest pullback of about 5% over the past 24 hours, after a month of strong inflows. Sui Price (Source: CoinMarketCap) Sui’s object‑based design and parallel execution continue to set it apart among Layer‑1 protocols. On‑chain adoption in DeFi and GameFi has supported TVL growth, though recent price softness has tempered short‑term sentiment. LunarCrush metrics earlier in July showed strong social engagement, reinforcing that traders continue to monitor SUI closely despite the decline. Analysts suggest late‑2025 could prove important if upcoming integrations and ecosystem expansions deliver new user activity. For now, Sui represents an asset with utility and traction but is facing pressure from broader market sentiment. Pi Coin: Supply Concerns Pressure Sentiment The Pi Coin price is trading around $0.4 , with recent reports pointing to downward pressure following a July supply unlock. Pi’s daily volumes remain low compared to Tron and Sui, indicating weaker liquidity. Analysts note that a 17% drop in July coincided with a token unlock event of about 160 million PI, raising concerns about further dilution. Investor sentiment remains cautious. Without clear use cases or robust DeFi integration, Pi’s price action suggests it is more dependent on community participation and speculative cycles than underlying protocol adoption. Altcoin Season or Market Pause? The Altcoin Season Index remains 36, meaning that Bitcoin continues to outperform most altcoins. Yet the steady performance of Tron, the active though volatile market for Sui, and the ongoing debate over Pi Coin show that interest in mid‑cap assets persists. Some traders argue that altseason requires a broader rotation into tokens like these. Others believe current conditions represent selective trading rather than a full cycle. Whether this develops into a sustained altcoin season remains uncertain. Tron offers steady liquidity and usage, Sui continues to build out infrastructure despite recent declines, and Pi Coin reflects the risks of supply shocks. Together, these tokens capture the range of outcomes possible in an altseason: steady performers, growing platforms, and speculative risks. For traders, they illustrate how the cycle can extend beyond Bitcoin—even if the breadth of participation remains limited. The post Tron Volume Jumps 44%, Sui Drops 5%, Pi Suffers Unlock – Altcoin Season in Flux? appeared first on Cryptonews .
cryptonews 2025-08-01 21:09
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CoinOtag 2025-08-01 21:09
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CoinOtag 2025-08-01 21:06
A closely followed crypto analyst says that one metric suggests Bitcoin ( BTC ) may decline to under $110,000 after losing a key support level. In a new thread, crypto trader Ali Martinez tells his 145,400 followers on the social media platform X that Bitcoin may decline more than 7% from its current value as the flagship crypto asset declines along with the broader financial markets. The crypto analyst looks at the Unspent Transaction Output (UTXO) Realized Price Distribution (URPD) model to determine the key support levels. The UTXO keeps track of the number of existing coins that last moved within a given price range. “Bitcoin has lost the critical $116,950 support. All eyes now on the next major level at $107,000.” Source: Ali Martinez/X Bitcoin is trading for $115,156 at time of writing, down 2.6% in the last 24 hours. Next up, the analyst says that Ethereum ( ETH ) rival Cardano ( ADA ) may be printing a similar bull pattern from 2020-2021 and eventually increase to more than $5. “Cardano is showing the same price structure as the last cycle, only this time, it’s unfolding more gradually. And it feels like we’re right at the beginning of an explosive move.” Source: Ali Martinez/X ADA is trading for $0.73 at time of writing, down 3.8% in the last 24 hours. Looking at decentralized oracle network Chainlink, the analyst predicts that LINK will increase to around $44.50 before the year’s end as it remains trading within the bounds of a bullish ascending channel. “As long as Chainlink holds above the $13 support level, the bullish outlook remains intact. No reason to be bearish just yet.” Source: Ali Martinez/X LINK is trading for $16.68 at time of writing, down 5.1% on the day. Next up, the analyst warns that peer-to-peer file storage network Filecoin ( FIL ) may plummet in value after losing key support levels on the three-day chart. “Filecoin appears to be breaking out of a channel, potentially eyeing a move to $0.89.” Source: Ali Martinez/X FIL is trading for $2.36 at time of writing, down 4.6% in the last 24 hours. Lastly, the analyst warns that Pepe ( PEPE ) may have a massive correction if the memecoin fails to reclaim a key level as support. “PEPE needs to reclaim $0.0000118 as support to avoid a potential drop to $0.0000097!” Source: Ali Martinez/X PEPE is trading for $0.00001072 at time of writing, down 4.6% on the day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Salamahin/Kiselev Andrey Valerevich The post Trader Says All Eyes on One Bitcoin Level After BTC Loses Critical Support Line, Updates Outlook on Cardano and Three Other Altcoins appeared first on The Daily Hodl .
The Daily Hodl 2025-08-01 21:05
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CoinOtag 2025-08-01 21:05
