Morgan Stanley's MSSE Pulls in $5M on Debut as Ether ETFs Again Top Bitcoin With $14.5M Inflow

Crypto exchange Gemini has just launched its public prediction market volume API, democratizing access to valuable data and unlocking new possibilities for developers and innovators within the crypto ecosystem. This initiative marks a significant milestone in the transparency and accessibility of predictive market data.

With this tool, developers can now build innovative applications based on prediction volumes, potentially driving broader market participation and fueling a new wave of crypto solutions. The move positions Gemini as a leader in data infrastructure, as the cryptocurrency sector continues to evolve toward greater adoption and practical utility.

Senator Tom Cotton has publicly backed Trump's strikes on Iran, calling its leaders terrorists while crypto markets bleed $80 billion. The escalating geopolitical tensions between the US and Iran are sending shockwaves through digital assets, with investors fleeing mass amid uncertainty about future economic sanctions and implications for crypto compliance. The crypto market's reaction reflects the growing role of digital assets as barometers of global instability, with analysts warning that expanded economic sanctions could significantly complicate crypto exchange and wallet operations, requiring more robust compliance systems while the debate over Bitcoin's status as a safe-haven asset during geopolitical crises is being put to the test.

Russian official Andrey Svintsov, deputy chairman of the State Duma Committee on Information Policy, has issued an urgent warning to citizens to cease purchasing Gram cryptocurrency and halt all financial transactions on Telegram. The recommendation comes as Telegram founder Pavel Durov faces legal charges, creating uncertainty about the future of the token and its use within the messaging ecosystem. This directive represents a significant blow to Telegram's blockchain ambitions and could affect thousands of users who have already invested in the platform. With Russian authorities increasing oversight on cryptocurrencies, the Durov case may set an important precedent for token regulation on global communication platforms.

IBM has achieved what it calls 'Trusted Quantum Advantage,' marking a significant milestone in quantum computing that brings the theoretical threat to Bitcoin's cryptographic security closer to reality. The tech giant's latest quantum machines are now powerful enough to challenge the cryptographic foundations that protect blockchain networks, including Bitcoin's SHA-256 and elliptic curve cryptography. This development underscores the urgent need for the cryptocurrency industry to accelerate quantum-resistant cryptography research. While current quantum computers still lack the capacity to break Bitcoin's encryption, IBM's progress highlights the existential threat looming on the horizon. The Bitcoin community has been aware of this potential vulnerability for years, with researchers already exploring post-quantum cryptographic solutions, but IBM's latest breakthrough suggests the timeline for practical quantum attacks may be shorter than previously anticipated.

Bitcoin (BTC) is consolidating around the $64,000 level as traders assess whether the cryptocurrency can regain higher ground following a sharp pullback earlier in July. The market is closely watching for a potential range breakout, with price targets set between $68,000 and $69,000. Bitcoin analysis indicates that the current consolidation phase is critical in determining the next major trend in the cryptocurrency market.

The current consolidation phase follows the significant volatility that marked early July when Bitcoin experienced a substantial decline. Analysts are closely monitoring support and resistance levels, as a breakout above the current range could signal a resumption of the upward trend. Bitcoin market sentiment remains divided, with optimists betting on a recovery while cautious observers watch for potential further declines.

Bitget Wallet has just launched Assetback, an innovative cashback program that transforms your card into an automatic investment tool. Every purchase made with the Bitget Wallet Card can now be directly converted into bitcoin, physical gold, or tokenized stocks, creating a diversified portfolio without additional user effort. This initiative represents a pioneering fusion between traditional finance and the digital world, allowing ordinary consumers to build real assets while making daily purchases. The launch comes at a time of increasing cryptocurrency adoption in El Salvador, where the company hosted the announcement, and reflects the 'decentralized finance' (DeFi) trend of integrating traditional products with blockchain technology.