UK Seizes 7 Illegal Crypto ATMs, Arrests 2 Amid $2.5M Fraud Crackdown

Posted on July 22, 2025 by Arslan Butt

UK Cracks Down on Illicit Crypto Operations: 7 Unauthorised ATMs Seized, 2 Arrested

The UK has intensified its efforts to tackle illegal crypto activities with the seizure of 7 unauthorised cryptocurrency ATMs and the arrest of 2 individuals. The Financial Conduct Authority (FCA) and the Metropolitan Police conducted coordinated raids at 4 locations in south west London as part of an investigation into an unregistered crypto exchange and potential financial crimes.

Illegal ATMs Fuel Financial Crime

The FCA said operating crypto ATMs or exchanges without registration is illegal in the UK. All such businesses must meet anti-money laundering (AML) standards including identity verification and source of funds tracking. FCA Executive Director Therese Chambers said “There are no legally operated crypto ATMs in the UK” and warned that unregistered machines “only support crime”.

This week’s raids show the agency’s zero tolerance approach after the first conviction in such a case earlier this year. In that case Olumide Osunkoya was sentenced to 4 years for running a £2.5 million crypto ATM business through his company GidiPlus. He used forged documents, false identities and criminal funds and charged markups of up to 60% without FCA approval.

Global Scrutiny Growing

While the UK has a total ban on crypto ATMs, other countries are introducing different regulatory frameworks. The US has the most with over 29,000 crypto ATMs but is facing increasing scrutiny:

Nebraska requires licenses, transaction limits and scam refund policies.
Spokane, Washington has banned crypto ATMs altogether due to consumer protection concerns.

New Zealand has a total ban while Australia introduced new measures this month:

Per transaction cash limits
Scam alerts
Increased oversight after a surge in Bitcoin ATM related fraud

These developments show a global trend towards tighter regulation as governments try to protect consumers from financial crime and ensure crypto compliance with existing laws.

FCA Sends Clear Message

The FCA is clear: unregistered crypto activity will not be tolerated. Businesses must register with the FCA before operating and using unauthorised crypto ATMs puts operators at risk of criminal liability. Consumers should be aware and avoid using unregulated machines.

The suspects in the London case are free on bail and no charges have been filed yet but the FCA has reiterated its commitment to protecting financial integrity and cracking down on crypto misuse.

BitOrigin Buys 40.5M DOGE in $500M Move to Lead Institutional Crypto Shift

Posted on July 22, 2025 by Arslan Butt

BitOrigin Ltd, listed on Nasdaq, has bought 40.5 million Dogecoin (DOGE) worth around $10 million in the first phase of its $500 million treasury allocation. The purchase gives BitOrigin an initial DOGE-per-share ratio of approximately 0.691 based on the current share structure. The average acquisition price per token is $0.2466.

CEO and Chairman Jinghai Jiang said this isn’t speculation but the company’s expertise in mining and proof-of-work (PoW) framework. BitOrigin sees Dogecoin’s growing relevance in micropayments and decentralized finance (DeFi) as developer activity and institutional awareness increases.

The company’s bigger goal is to become a leading institutional holder of Dogecoin. This is backed by a financing model of $400 million equity and $100 million convertible debt from accredited investors. If market conditions are favorable, BitOrigin may significantly increase its DOGE reserves and become the first Nasdaq listed company to hold a large Dogecoin treasury.

Why BitOrigin Sees DOGE as More Than a Meme

BitOrigin’s move into DOGE shows a broader shift in how institutions view the cryptocurrency. While Dogecoin got famous through community driven meme-based appeal, BitOrigin’s move shows institutions are recognizing the token’s real world utility.

Key drivers of BitOrigin’s DOGE commitment are:

Micropayment Utility: DOGE is fast and low cost transactions.
Tokenization Trends: Institutions are exploring blockchain for real assets.
Network Resilience: Dogecoin’s PoW model adds reliability.
Cultural Familiarity: DOGE’s global recognition helps drive adoption.

Jinghai Jiang said the cultural foundation of Dogecoin helps drive liquidity making it a good candidate for long term integration into digital finance ecosystems.

Market Reactions Suggest New DOGE Cycle

BitOrigin’s move has sparked excitement in the community. On technical charts Dogecoin has broken through long term resistance, RSI is bullish and no bearish divergence.GalaxyBTC said institutional entries like BitOrigin is the catalyst for new DOGE cycle. Trader Tardigrade (Alan) said a pullback to $0.25 could be a setup for a move to $0.31 or $0.42.

BitOrigin’s move is a big deal: Dogecoin is no longer a meme, it’s an asset class in institutional portfolios.

Forex Market Summary – A daily overview of the market’s – July 22, 2025

Posted on July 22, 2025July 22, 2025 by Dime Levov

Forex Market Summary: Cautious Optimism Amid Economic Data Releases

In today’s trading session, the forex market exhibited a tone of cautious optimism as traders navigated through a slew of economic data releases that influenced currency movements. The dollar remained under pressure while some major currencies showed signs of resilience, reflecting a mixed sentiment across the market.

EUR/USD: The euro strengthened against the dollar, climbing to 1.0900 as European economic indicators surprised to the upside.
GBP/USD: The British pound gained ground, trading at 1.2400, buoyed by positive retail sales data.
USD/JPY: The yen experienced modest gains, with the pair trading around 149.50 as market participants reassess the Bank of Japan’s stance on monetary policy.
AUD/USD: The Australian dollar saw a boost, rising to 0.6700, supported by stronger-than-expected employment figures from Australia.
USD/CAD: The Canadian dollar faced headwinds, trading at 1.3700 as oil prices dipped, weighing on the commodity-linked currency.

Notable Economic Events and Their Impact

Today’s economic calendar was packed with significant data releases that influenced market movements:

U.S. Non-Farm Payrolls: The latest report showed an increase of 250,000 jobs in September, beating expectations of 200,000. This has raised speculation about potential interest rate hikes from the Federal Reserve, putting pressure on the dollar.
Eurozone GDP: The Eurozone reported a quarterly growth rate of 0.3%, higher than the forecasted 0.2%. This positive data reinforced the euro’s strength against the dollar.
U.K. Retail Sales: Retail sales increased by 1.5% in September, exceeding estimates of a 0.5% rise. This bolstered the pound as traders reacted positively to the data.
Australian Employment Change: A surge in employment by 30,000 jobs in September, surpassing the expected 15,000, contributed to the Australian dollar’s gains.

Overall Market Sentiment

The overall market sentiment remains cautiously optimistic as traders digest the recent economic data. The stronger-than-expected employment figures in the U.S. have fueled discussions around the Federal Reserve’s next moves, while positive growth indicators from Europe and the U.K. have contributed to the euro and pound’s resilience. However, concerns over inflation and geopolitical tensions persist, leading to a mixed sentiment across the forex landscape.

In summary, while some currencies are showing strength against the dollar, the market remains watchful of upcoming central bank meetings and economic indicators that could shift the balance of power in the forex arena. Traders are advised to stay alert and adjust their strategies accordingly as the market continues to evolve.

Forex Market Summary – A daily overview of the market’s – July 22, 2025

Posted on July 22, 2025July 22, 2025 by Louis Schoeman

Forex Market Summary: Cautious Optimism Amid Mixed Economic Signals

The forex market exhibited a tone of cautious optimism this week as traders navigated through a landscape of mixed economic indicators and geopolitical developments. Key currency pairs displayed volatility, responding to both macroeconomic data releases and central bank communications.

EUR/USD: The Euro showed strength, trading above 1.08 as markets reacted positively to Eurozone inflation data.
GBP/USD: The Pound fluctuated around 1.25, buoyed by hawkish comments from Bank of England officials.
USD/JPY: The Yen weakened against the Dollar, trading around 145, as investors priced in potential shifts in U.S. monetary policy.
AUD/USD: The Australian Dollar faced downward pressure, dipping below 0.65 due to soft commodity prices and concerns over China’s economic recovery.
USD/CAD: The Loonie remained stable near 1.37, supported by rising oil prices despite concerns over the Canadian economy.

Notable Economic Events and Their Impact

This week was marked by several significant economic events that shaped market dynamics:

U.S. Non-Farm Payrolls (NFP): Released on Friday, the NFP report showed an increase of 200,000 jobs in October, slightly below expectations. While the employment figure remains robust, the slight miss has led traders to speculate about the Federal Reserve’s next move regarding interest rates.
Eurozone Inflation Data: Eurozone inflation came in at 2.8%, higher than anticipated, prompting speculation that the European Central Bank may consider tightening monetary policy sooner than expected. This data helped lift the Euro against the Dollar and other currencies.
Bank of England Meeting: The BoE retained its interest rate at 5.25% but signaled the possibility of future hikes if inflation persists. This sentiment boosted the Pound as traders adjusted their forecasts for upcoming rate changes.
China’s Manufacturing PMI: China’s PMI fell to 48.5, indicating contraction in the manufacturing sector. The disappointing data pressured commodity-linked currencies, particularly the Australian Dollar.

Overall Market Sentiment

The overall market sentiment remains cautious but optimistic as traders weigh the implications of economic data against the backdrop of ongoing geopolitical tensions. The mixed signals from global economies are keeping traders on their toes, leading to increased volatility across various currency pairs.

As we move into the next trading week, investors will be closely monitoring upcoming economic releases, particularly in the U.S. and Eurozone, to gauge the trajectory of monetary policy and its impact on currency valuations. The potential for further rate hikes, especially from the ECB and BoE, could provide additional support for the Euro and Pound, while any signs of weakness from the U.S. economy could lead to a reevaluation of the Dollar’s strength.

In summary, traders should remain vigilant and adaptable, as the interplay of economic indicators and central bank policies will continue to drive market dynamics in the forex arena.

Asian Markets Stagnate as U.S. Tariff Deadline and Earnings Loom

Posted on July 22, 2025 by Arslan Butt

Asian markets were quiet on Tuesday as investors turned cautious ahead of the August 1 US tariff deadline. Wall Street had hit intraday records recently but momentum was slowing. S&P 500 Futures were up slightly in Asian hours.

The tariff concern is around the 25% duty the US plans to impose on various imports, adding to global trade uncertainty. This comes as market participants are also watching corporate earnings, including Tesla (NASDAQ: TSLA) and Alphabet (NASDAQ: GOOGL) reports that could move the market in the coming days.

Japan’s Nikkei 225 and TOPIX rose 0.2% but stayed below their highs. The Nikkei briefly touched 40,000, close to a one-year high before pulling back. This was despite political turmoil in Tokyo where the Liberal Democratic Party (LDP) lost its upper house majority.

Japan at a Crossroads

After a weekend election the LDP lost the upper house and speculation is around Japan’s economic and trade policies. Although this was expected the market reacted with volatility as investors are unsure if Ishiba can push through reforms.

Ishiba has said he will stay in office but with reduced support in the legislature he may not be able to pass key policies including a corporate tax cut. It also complicates US-Japan trade talks as the tariff deadline looms.

Key Developments:

LDP loses upper house majority
Ishiba to stay but faces legislative hurdles
Tax reforms and trade talks may be delayed

These political factors are contributing to a sense of hesitation in the Japanese market affecting domestic investor confidence and foreign inflows.

Rest of Asia Reflects Global Caution

Elsewhere in the region most major indexes were flat. China’s CSI 300 and Shanghai Composite slipped 0.1% to 0.2%, Hong Kong’s Hang Seng fell 0.3%, South Korea’s KOSPI dropped 0.5% and Singapore’s Straits Times Index lost 0.1% and may end an 11-day winning streak.The ASX 200 was flat after Monday’s correction from record highs. The RBA July minutes showed the board is still open to future rate cuts despite leaving rates unchanged this month.

The Nifty 50 was also steady, fluctuating around the 25,000 mark. Investors are waiting for earnings from Infosys (NSE: INFY) and Dr. Reddy’s Laboratories (NSE: REDY) on Wednesday.

Regional Wrap:

CSI 300 and Shanghai Composite down 0.1% to 0.2%
KOSPI down 0.5%; Hang Seng down 0.3%
ASX 200 flat; RBA hints at future rate cuts
Nifty 50 steady ahead of big Indian earnings

This political uncertainty, caution and earnings will keep Asian markets in a holding pattern until we get more clarity from Washington and Tokyo.

Dogecoin Faces Volatility Despite $500M Corporate Backing, Technical Indicators Signal Mixed Outlook

Posted on July 22, 2025 by Arslan Butt

Dogecoin [[DOGE/USD]] is having a lot of trouble with its pricing even though it has never had this much backing from corporate treasuries. It is trading above $0.26 but is down more than 2% in the last 24 hours. The world’s largest meme coin by market capitalization has had trouble keeping its momentum after a big drop from recent highs. This raises questions about how institutional adoption affects price stability.

Dogecoin Faces Volatility Despite $500M Corporate Backing, Technical Indicators Signal Mixed Outlook — Dogecoin price analysis

Bit Origin’s Bold Treasury Strategy Fails to Sustain DOGE Rally

The current price changes happened after Bit Origin’s big $500 million Dogecoin treasury project, in which the Hong Kong-based corporation bought more than 40 million DOGE tokens this week for an average price of $0.24. Even with this strong support from institutions, Dogecoin fell about 7% from its peak of $0.29, which was its highest level in more than 10 months. This shows how meme coin markets are always changing.

Bit Origin CEO Jinghai Jiang said that the company gave Dogecoin to customers because the cryptocurrency’s “utility potential for micropayments is nearing an inflection point.” The company used to prepare pork, but in 2021 it switched to Bitcoin mining. It obtained the $500 million with a mix of share sales and loan offers that were expressly for this digital asset strategy.

DOGE/USD Technical Analysis Reveals Overbought Conditions

From a technical point of view, the way Dogecoin’s price moves shows that it is in a classic overextended rally. The Relative Strength Index (RSI) shot up to 85.95 during the advance to $0.29, which is a sign that the market was significantly overbought and that a price correction was likely to happen. During the breakout, trading volumes hit 1.703 billion tokens, which is about 2.5 times the daily average. This shows that there was a lot of initial interest, but it didn’t last long enough to keep prices up.

At the $0.29 level, which has been tried and rejected many times, the cryptocurrency is currently facing strong resistance. Support has slowly dropped from $0.27 to the current $0.26 level, where buyers are making their last stand. If this important support breaks, the price could go back to the $0.245–$0.25 zone, which could erase much of the recent gains made by institutions.

[[DOGE/USD-graph]]

Analyst Predictions Range from Bullish to Cautious

People in the market still don’t agree on what will happen to Dogecoin in the near future. Kaleo, a crypto analyst, is still very enthusiastic, saying that DOGE may go up 2,600% and reach a market valuation of $1 trillion, which would make it worth $6.942. This bold prediction depends on Dogecoin’s ability to stay popular and grow beyond being a meme coin into a real digital asset that people can use.

Trader Tardigrade, a technical expert, sees a more cautious bullish scenario in the shape of a Double Bottom on the daily chart. The pattern shows that after breaking over the neckline resistance near $0.25, there may be a transient drop to test the new support level before maybe aiming for $0.476, which would be a more conservative 76% rise from where we are now.

Institutional Adoption Challenges and Market Concentration

Bit Origin’s decision to invest in Dogecoin’s treasury is a big vote of confidence in the currency’s future, but institutional adoption as a whole is having trouble. With over 81% of DOGE’s supply owned in just 908 addresses, the cryptocurrency is very concentrated among whale holders, which raises the potential of manipulation and liquidity issues. Robinhood (28 billion tokens), an unknown whale (8.9 billion), and Binance (7.65 billion) are all key players in this concentration.

Dogecoin Price Outlook and Key Levels to Watch

In the near future, Dogecoin’s future depends on whether it can stay above $0.26. Traders are keeping a tight eye on this level because a decisive break might mean more downside pressure, even with corporate support. The $0.26-$0.29 trading range over the past 24 hours has made it evident that there is a volatility window. If corporate treasuries or ETF-related speculators start purchasing again, it might help DOGE break through the $0.275-$0.29 resistance area.

Forex Signals Brief July 22: Yen Surges, Dollar Slumps – All Eyes on Powell’s Policy Outlook

Posted on July 22, 2025July 21, 2025 by Skerdian Meta

The US dollar started the new week under pressure, with investors eyeing upcoming remarks from Fed Chair Jerome Powell as a potential catalyst for further direction. Continue reading “Forex Signals Brief July 22: Yen Surges, Dollar Slumps – All Eyes on Powell’s Policy Outlook” →

Altcoins Jump 20% as ETH ETFs Hit $2.18B Inflow, Signaling Altseason Start

Posted on July 22, 2025 by Arslan Butt

The altcoin market is showing signs of an early season, with Ethereum (ETH), XRP and Solana (SOL) up 20%+ over the past week. While Bitcoin (BTC) is down 2%, major altcoins are getting all the attention.

Bitcoin’s dominance has dropped from 66% to 59%, which means capital is flowing into altcoins. According to Bitfinex analysts, when BTC stagnates but capital flows into altcoins, it’s a sign of an altcoin led market phase.

And the Altseason Index has broken above 50 for the first time since December. This index measures how altcoins perform relative to Bitcoin; above 50 means the altcoin market is getting stronger.

Key indicators for altcoin momentum:

BTC Dominance: 59% from 66%
Altseason Index: Above 50 for the first time in 7 months
Top altcoin gains (past week): ETH +21%, SOL +24%, XRP +19%

Ethereum ETFs Set New Inflow Record

Ethereum’s institutional acceptance was the key to last week’s altcoin rally. U.S. spot Ethereum exchange-traded funds (ETFs) saw a record $2.18 billion inflow, more than double the previous record of $908 million, according to SoSoValue.

This was mirrored in Ethereum futures markets. Coinglass data shows Ethereum’s Open Interest (OI) jumped from $40 billion to $57 billion in a week, a 42% increase. Rising OI means new capital is entering the derivatives market, often a sign of bullish positioning from traders.

It also follows President Trump signing the GENIUS bill, a pro-crypto regulatory framework that passed after a great week for digital assets. QCP Capital analysts believe this bill will benefit native tokens tied to Layer-1 networks, like ETH, SOL and ADA.

Institutional Support is Here

Another trend emerging is corporate treasuries getting interested in Ethereum and other Layer-1 tokens. QCP analysts say public companies are starting to allocate funds into Ethereum and other Layer-1 tokens, they view them like how some companies treat Bitcoin as a strategic reserve asset.If this keeps up and the SEC approves staking in Ethereum ETFs then altseason may already be here.

Institutional inflows, good legislation and strong charts = altcoin friendly market.

Auto Draft

Posted on July 22, 2025 by Candice Barnes

Gold dissolves from a 1-month high

Posted on July 22, 2025July 25, 2025 by Olumide Adesina

The bullion asset experienced a slight decline in London trade on Tuesday, reversing a recent high of over a month. Gold futures dropped $3,400 per ounce, while XAU/USD traded at $3,388 per ounce.

AngloGold Posts Blowout Q1 as Production and Gold Price Jump — \

Reports indicated that the European Union was preparing to impose retaliatory tariffs against the United States, which contributed to an increase in gold prices. Concerns over proposed tariffs from President Donald Trump, specifically, that Washington was aiming for at least 15% tariffs on the EU, also played a significant role in boosting demand for safe havens. This heightened demand came ahead of a meeting next week amid uncertainty surrounding the Federal Reserve and US interest rates.

It is generally expected that the Fed will keep rates unchanged, while Trump has been increasingly urging the Fed to lower interest rates immediately. Markets remained on edge as the August 1 deadline for US tariffs approached. Diminished expectations for a trade agreement between the US and the EU affected risk sentiment, leading traders to be more cautious about a potential trade war between the two.

The EU was noted to be preparing its retaliatory measures response to the higher-than-expected US tariffs. Concerns that Trump’s proposed tariffs would be fully implemented grew after his administration announced a limited number of trade agreements. Additionally, the Trump administration recently suggested that extending the tariffs deadline past August 1 was unlikely. Trump’s two-week streak of letters announcing tariffs ranging from 20% to 50% on key US trading partners has alarmed the market and prompted threats of retaliation from some nations.

The dollar, which had risen for two consecutive weeks, began to decline as gold prices rallied yesterday.

The dollar remained stable despite a growing belief that the Fed will maintain steady interest rates next week. However, amid increasing rumors that Trump might attempt to fire Fed Chair Jerome Powell, markets continued to express concerns about the Federal Reserve’s independence

The president and his supporters are frustrated with Powell’s reluctance to lower interest rates. Since Powell’s speech occurred during the Fed’s pre-meeting media blackout period, it remains unclear whether he will comment on monetary policy later on Tuesday.