Dear PointPay Family,
A new week is fast approaching, bringing with it fresh news and changes in the crypto sphere. To help you prepare, we have compiled our top 5 most important news stories from the last few days and presented them in a compact TL;DR format!
Solo Miner Secures Bitcoin Block Amid Rising Network Difficulty
A solo Bitcoin miner has successfully mined block 907283, earning 3.125 BTC, worth around $372,000. The miner used the Solo CK pool, processing over 4,000 transactions and gaining an additional $3,400 in fees. Despite soaring network difficulty and growing dominance of corporate miners, this rare achievement demonstrates that independent participants can still compete on the Bitcoin network. Similar solo mining milestones were recorded earlier this year, underscoring that smaller players continue to have a place in an increasingly challenging environment.
Ethereum Marks 10 Years of Continuous Operation With Anniversary Event
Ethereum is celebrating a decade of uninterrupted uptime, having never missed a block since its launch. To honor this milestone, the Ethereum Foundation hosted a global livestream on July 30 featuring co-founder Vitalik Buterin, Joseph Lubin, and key developers behind the network's evolution. The event reflected Ethereum's history of upgrades and highlighted how decentralized systems can match or even outperform traditional centralized infrastructures.
Ripple Co-Founder's XRP Transfer Sparks Investor Concerns
Ripple co-founder Chris Larsen has moved 50 million XRP to exchanges, raising speculation of potential large-scale sell-offs. While Larsen still holds more than 2.5 billion XRP valued at approximately $8.8 billion, the transfer has divided the community. Some investors view it as profit-taking, while others worry about negative market impacts, especially as XRP's price recently dropped 13% from its peak. Analysts have warned traders to stay cautious amid heightened wallet activity from Ripple executives.
Coinbase and JPMorgan Forge Landmark Crypto Partnership
Coinbase has announced a collaboration with JPMorgan Chase to expand crypto access for US bank customers. Starting this fall, Chase credit cards can be used for purchases on Coinbase, with reward point conversions to USDC planned for 2026. The partnership will also enable direct bank account linking, streamlining transactions between traditional finance and cryptocurrency. This marks the first time a major credit card rewards program will allow redemption into crypto, a step aimed at accelerating adoption across Chase's 80 million customer base.
SEC Approves In-Kind Redemptions for Bitcoin and Ethereum ETFs
The US SEC has approved in-kind redemptions for spot Bitcoin and Ethereum ETFs, allowing funds to exchange crypto directly instead of relying solely on cash transactions. This regulatory shift is expected to reduce costs, minimize price slippage, and improve efficiency for investors. The decision aligns crypto ETFs with traditional commodity funds and is seen as a major development for market fairness and investor protection, addressing long-standing challenges in the structure of digital asset products.
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