Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news
Here’s a quick recap of the crypto landscape for Friday (July 24) as of 11:00 a.m. UTC.
Bitcoin price update
Bitcoin (BTC) was priced at US$64,903.30, down by 1.9 percent over the past 24 hours.
Bitcoin price chart
Chart via the Investing News Network
Bitcoin price performance, July 24, 2026.
Ether and altcoin price update
- Ether (ETH) was priced at US$1,882.42, trading 2.5 percent lower over the last 24 hours.
- XRP (XRP) was priced at US$1.11, trading 2.2 percent lower over the past 24 hours.
- Solana (SOL) was trading at US$75.42, trading 3.8 percent lower over the past 24 hours.
Today’s crypto news to know
EU enacts sanction package targeting crypto platforms
The EU approved its 21st round of sanctions against Russia, specifically targeting its banking system and cryptocurrency networks.
The Council of the EU designated 218 new listings, comprising 170 entities and 48 individuals. European authorities imposed asset freezes, travel bans, and strict transaction restrictions on all listed targets.
Regulators froze assets and banned fund transfers for 94 banks, major financial institutions, and a prominent Russian banking executive. Officials expanded the transaction ban to cover 33 additional Russian financial institutions along with four non-Russian banks assisting with sanctions evasion.
The EU extended its transaction ban to 14 crypto service platforms operating across Georgia, Panama, the UAE, the Marshall Islands, Kyrgyzstan, and Belarus.
For the first time, the bloc established a legal framework permitting a full third-country ban on crypto-asset services to deter foreign hosts.
BitMEX faces class-action lawsuit
Former tokenization project BKX Services and investor David Namdar filed a proposed class-action lawsuit against cryptocurrency exchange BitMEX alleging systemic Bitcoin theft and insider trading.
Plaintiffs submitted the lawsuit on the exact day BitMEX announced plans to cease all operations on September 23, ending an 11-year run as a derivatives exchange.
BKX claims forced liquidations caused the loss of 305 Bitcoin, while Namdar reports personal losses of 622 Bitcoin worth $40.7 million. The complaint names parent company HDR Global Trading alongside co-founders Arthur Hayes, Ben Delo, and Samuel Reed as primary respondents.
Plaintiffs allege the founders built a trading system specifically designed to retain customer collateral and transfer remaining funds directly into the platform’s insurance fund.
The lawsuit targets all US customers who purchased BitMEX Bitcoin swap products with up to 100 times leverage since July 2018.
The legal action demands full restitution of lost Bitcoin alongside compensatory and punitive damages.
Ripple launches Mint platform
Blockchain fintech company Ripple launched Ripple Mint to provide institutional clients with direct capabilities to mint, redeem, and manage its U.S. dollar-pegged stablecoin, RLUSD.
The unified platform offers access through both a dedicated web interface and direct application programming interface integrations. Ripple designed the portal to handle manual operations alongside automated workflows as financial institutions adopt stablecoins for corporate payments, trading, and treasury management.
The launch follows RLUSD’s December 2024 debut, which positioned the token for rapid enterprise adoption across traditional financial sectors.
The stablecoin climbed into the top ten US dollar-backed digital assets by market capitalization in less than twelve months. RLUSD achieved an all-time high market capitalization exceeding $US1.8 billion on June 1, 2026.
Following the announcement of Ripple Mint, RLUSD’s total market valuation briefly surged from US$1.54 billion to US$1.64 billion before stabilizing near US$1.59 billion.
The token currently holds the position of ninth-largest USD-pegged stablecoin in the global crypto ecosystem.
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Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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