The new tariffs may boost federal revenue but risk trade tensions and potential GDP slowdown, impacting global economic relations.

The post Trump declares reciprocal tariffs now in effect appeared first on Crypto Briefing.

GameStop's shift towards Bitcoin-like trading suggests a strategic pivot in investment focus, potentially influencing retail investor behavior.

The post Billionaire Bill Gross says GameStop now trades more like Bitcoin than a meme stock appeared first on Crypto Briefing.

The conviction highlights regulatory challenges for DeFi, potentially stifling innovation and raising concerns about future legal precedents.

The post Tornado Cash dev Roman Storm found guilty of running unlicensed money biz, sanctions and money laundering charges unresolved appeared first on Crypto Briefing.

Parataxis going public could enhance institutional Bitcoin exposure, potentially influencing digital asset investment strategies globally.

The post Bitcoin-native Parataxis to go public in SPAC deal with SilverBox, targeting $640M raise appeared first on Crypto Briefing.

Gate's partnership with GDN could significantly enhance global financial inclusivity and cross-border payment systems through stablecoin integration.

The post Gate joins Global Dollar Network as a first-tier partner, leading stablecoin adoption appeared first on Crypto Briefing.

Bitcoin Magazine

Tornado Cash Trial Concludes: Roman Storm Found Guilty of One of Three Counts

Today in the Southern District of New York (SDNY), Tornado Cash co-founder Roman Storm was found guilty of the second count on his indictment, conspiracy to operate an unlicensed money transmitting business.

The jury did not come to a unanimous verdict on the other two counts — conspiracy to commit money laundering and conspiracy to violate sanctions.

The jury arrived at this guilty verdict after three and half days of deliberation and after a trial that began in the middle of last month.

As a result of the guilty verdict on the money transmission charge, Storm now faces up to five years in prison.

Judge Failla Rejects Motion To Remand Storm

In the wake of the verdict being issued, the prosecution made a motion to remand Storm into custody, claiming that he was a flight risk.

The defense’s Ms. Klein pushed back on the government’s assertion, stating that Storm had little reason to flee the United States, especially considering that his home in Washington state is tied up in a $2 million bail bond; that his daughter, of which he has partial custody, and girlfriend are based in the U.S. and his parents are green card holders; and that much of the crypto community that’s supported Storm is based in the U.S. and that they’ll hopefully continue to support Storm as he appeals the verdict.

The prosecution claimed that now that Storm has been convicted of a crime, he has more incentive to flee, but the judge wasn’t convinced.

She claimed that the “stability of the verdict is still in play” (likely referring to the notion that Storm will appeal the verdict), before adding that his “incentives have shifted tremendously” and then subsequently denying the prosecution’s motion to remand him.

U.S. Attorney for the SDNY Chimes In

Shortly after the verdict was issued, U.S. Attorney for the SDNY (and former U.S. Securities and Exchange Commission chair) Jay Clayton issued a statement on the verdict.

“Roman Storm and Tornado Cash provided a service for North Korean hackers and other criminals to move and hide more than $1 billion of dirty money,” said Clayton.

“The speed, efficiency, and functionality of stablecoins and other digital assets offer great promise, but that promise cannot be an excuse for criminality. Criminals who use new technology to commit age old crimes, including hiding dirty money, undermine the public trust, and unfairly cast a shadow on the many innovators who operate lawfully,” he added.

“This Office and our partner agencies are committed to holding accountable those who exploit emerging technologies to commit crime.”

Clayton did not acknowledge the memo issued by U.S. Deputy Attorney General Todd Blanche in which Blanche stated the U.S. Department of Justice will “stop participating in regulation by prosecution” in the crypto space and that it will no longer target virtual currency mixing services for the acts of their end users.

He also didn’t mention that the vast majority of funds that moved through Tornado Cash users weren’t proven to have been obtained illicitly.

This post Tornado Cash Trial Concludes: Roman Storm Found Guilty of One of Three Counts first appeared on Bitcoin Magazine and is written by Frank Corva.

Bitcoin Magazine

The Lightning Issue: Letter From The Editor

Bitcoin doesn’t scale.

That shouldn’t be read to mean that Bitcoin, the asset, or different ways to use it don’t scale. But Bitcoin’s blockchain does not scale. This is a fundamental and undeniable reality of its architecture. We’ve known this definitively since the Blocksize Wars (well, Bitcoiners have known this). Some people, such as James A. Donald — an anonymous cryptographer who was the first person to reply to Satoshi on the cryptography mailing list — and Hal Finney himself, knew this from the very beginning.

It is not possible for every person on Earth to have to receive, verify and retransmit the transactions of every other person on the planet. The notion that this is a viable idea is actually quite insane.

But this is fundamentally how Bitcoin works. Its security and integrity is only guaranteed through the process of every user receiving and verifying the activity that is processed on the blockchain. So how do we reconcile these two contradictory things?

We find inventive ways to commit to transactions without using the blockchain, essentially “caching” them until an appropriate time to actually engage in final settlement on-chain.

The Lightning Network is the first and most mature example of a system designed to accomplish this reconciliation in a decentralized fashion.

Lightning has not exactly evolved as we hoped it would — a pure end-user payments network — but it has undeniably demonstrated itself as the first viable second-layer scaling solution for Bitcoin. It might wind up becoming more of an aggregate settlement layer, or a network more suitable for businesses and services than end users (though not impossible for them to use), but it is so far a resounding success.

It has been an absolute pleasure and honor to act as the Editor-in-Chief for this issue, as this topic is something very close to me personally. Bitcoin is something that must scale in order to create the positive and impactful change that I want to see it create.

I’d like to thank all the contributors and team members who have made this issue happen, and, most importantly, Aaron van Wirdum’s stewardship and help during the process of passing the torch to me.

I hope you all enjoy gaining a better understanding of one of the most important projects in this space since Bitcoin itself was launched.

Shinobi

Don’t miss your chance to own The Lightning Issue — featuring an exclusive interview with Lightning co-creator Tadge Dryja. It dives deep into Bitcoin’s most powerful scaling layer. Limited run. Only available while supplies last.

This piece is the Letter from the Editor featured in the latest Print edition of Bitcoin Magazine, The Lightning Issue. We’re sharing it here as an early look at the ideas explored throughout the full issue.

This post The Lightning Issue: Letter From The Editor first appeared on Bitcoin Magazine and is written by Shinobi.

Bitcoin Magazine

Acacia Partners With Unchained and Build on Bitcoin-Backed Loan Strategy

Today, Acacia Research Corporation (Nasdaq: ACTG) has announced a new partnership with Unchained and Build Asset Management, focusing on a Bitcoin-backed commercial loan strategy designed to offer attractive, risk-adjusted returns while expanding Acacia’s exposure to the rapidly growing Bitcoin ecosystem.

“We are very excited to partner with Unchained and Build for this Bitcoin-backed loan strategy,” said Martin (“MJ”) D. McNulty, Jr., Chief Executive Officer of Acacia. “Investors around the world are increasingly looking to capitalize on the value Bitcoin provides as a secure source of quality collateral.”

According to the press release, the partnership will see Acacia purchasing commercial whole loans that are fully collateralized by Bitcoin. These loans will be originated by an affiliate of Unchained and sold to a wholly owned subsidiary of Acacia. Build Asset Management will provide administrative and related services for the holding and management of these loans.

McNulty further explained the structure and benefits of the strategy, stating, “We believe the loans will provide attractive risk-adjusted returns given their healthy interest rates, low loan-to-value metrics, and the protection and innovation in the institutional custody solutions for the Bitcoin backing these fully recourse loans.”

Acacia, known for acquiring and operating businesses in the industrial, energy, and technology industries, continues to apply its strategic capital and operational expertise to emerging opportunities like Bitcoin.

“This partnership allows us to participate in the Bitcoin ecosystem in a way that enables holders dollar liquidity while maintaining their Bitcoin ownership,” McNulty added. “Our team constantly explores creative ways to generate value for shareholders, and we believe this partnership will do exactly that.”

Unchained, founded in 2016 and based in Austin, Texas, has become a major player in Bitcoin financial services. The company has secured over $12 billion in Bitcoin assets and originated $1 billion in loans with zero rehypothecation, thanks to its innovative collaborative custody model.

Build Asset Management, launched in 2018, brings investment expertise in Bitcoin-focused credit strategies, having launched a private credit fund in 2023 targeting small and medium-sized businesses.

Together, the three firms aim to leverage Bitcoin’s value as collateral to unlock new financial products and investment avenues, aligning with the evolving landscape of modern finance.

This post Acacia Partners With Unchained and Build on Bitcoin-Backed Loan Strategy first appeared on Bitcoin Magazine and is written by Nik.

Bitcoin Magazine

Sazmining Becomes First Bitcoin Mining Firm to Integrate Square for Payments

Today, Sazmining announced it has become the first mining-as-a-service company to integrate Square’s payment platform, offering customers a faster and more reliable way to purchase mining hardware and services. 

According to a press release sent to Bitcoin Magazine, the integration allows payments via credit and debit cards, Apple Pay, Google Pay, Cash App Pay, ACH and also supports Bitcoin, Lightning, Tether and wire transfers.

The move comes as Sazmining reports 350% year-over-year growth with active mining sites in North America, South America, and Europe. By using Square’s APIs through Zaprite, the company continues simplifying the Bitcoin mining process for individuals and businesses.

“As more governments and companies move to create Bitcoin treasuries, the value of Bitcoin is becoming increasingly clear to the broader public,” said the CEO and Co-Founder of Sazmining Kent Halliburton. “But building a bitcoin treasury starts with acquiring bitcoin. With Sazmining, individuals and businesses alike can now create a native treasury more easily and affordably—thanks to our implementation of Square.”

Sazmining has also launched an equity crowdfunding campaign to raise $618,000 aimed at helping more people mine Bitcoin directly instead of relying on exchanges.

More information about Sazmining here.

This post Sazmining Becomes First Bitcoin Mining Firm to Integrate Square for Payments first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

Bitcoin Magazine

Bitcoin Price Stays Still As The Smarter Web Company Launches Bitcoin Bond

Bitcoin price remained steady around $114,000 on Wednesday as Smarter Web Company, a UK-based technology firm, announced the launch of a groundbreaking $21 million Bitcoin-denominated convertible bond, marking another milestone in the growing institutional adoption of Bitcoin-based financial instruments.

The three-year convertible bond, denominated in Bitcoin, represents one of the first such offerings by a publicly traded company in the United Kingdom. The innovative financial instrument allows investors to participate in both Bitcoin’s potential price appreciation and the company’s equity growth.

“We have been building our Bitcoin-backed balance sheet with laser focus, and today’s announcement marks yet another first for the UK capital markets. I am grateful to Yves and his team for their collaboration and support in bringing this innovative structure to life,” said Andrew Webley, CEO of The Smarter Web Company. “We believe that this new structure will open up a new segment of capital for the Company and complement our existing funding strategies as we pursue our ambition to make The Smarter Web Company into one of the largest publicly listed companies in the UK.”

This development comes amid a surge in corporate Bitcoin adoption, with the number of public companies holding Bitcoin on their balance sheets rising to over 200 in just over few months. The trend has accelerated following recent regulatory clarity in the United States and growing institutional acceptance of Bitcoin as a legitimate treasury asset.

We’re witnessing a transformation in how companies approach Bitcoin. The innovation we’re seeing in financial instruments, from Metaplanet’s preferred shares to Smarter Web’s Bitcoin bonds, suggests we’re entering a new phase of corporate Bitcoin adoption.”

The bond was offered in a fully subscribed round backed by the French asset management giant Tobam, highlighting growing mainstream acceptance of Bitcoin-denominated financial products.

The structure of the bond also reflects evolving approaches to corporate Bitcoin adoption. Unlike traditional convertible bonds, which are denominated in fiat currencies, Smarter Web’s offering uses Bitcoin as the primary unit of account, potentially setting a precedent for future corporate financial instruments.

This issuance represents a significant innovation in corporate finance. By denominating the bond in Bitcoin, Smarter Web is not just adding Bitcoin to its treasury – it’s embracing Bitcoin as a fundamental part of its financial architecture.

The company joins a growing list of firms exploring innovative ways to gain Bitcoin exposure, following recent moves by Metaplanet, Strategy, and others. The trend has accelerated particularly in the technology sector, where companies are increasingly viewing Bitcoin as both a treasury asset and a strategic technology investment.

Market observers note that these developments could herald a new era of Bitcoin adoption, with companies moving beyond simple treasury holdings to more sophisticated financial instruments. The success of Smarter Web’s bond issuance may encourage other firms to explore similar Bitcoin-denominated financial products.

As Bitcoin price continues to trade around $114,000, the market appears to be digesting these institutional developments against a backdrop of broader macroeconomic uncertainty. However, the increasing variety of Bitcoin-based financial instruments suggests growing confidence in the asset’s long-term role in corporate finance.

This post Bitcoin Price Stays Still As The Smarter Web Company Launches Bitcoin Bond first appeared on Bitcoin Magazine and is written by Vivek Sen.

Galaxy head of research Alex Thorn criticized the business model of many Ethereum (ETH) layer-2 (L2) blockchains as “ETH extractive.”

In an Aug. 6 social media post, Thorn argued that L2 networks retain most of the fee revenue while contributing relatively little back to the Ethereum L1. 

Thorn added that most L2s are controlled by single companies or foundations, which means “very little value accrues to ETH holders,” and “most L2s don’t even stake back the ETH they collect in fees.” 

Post EIP-4844

Pointing to post-EIP-4844 dynamics, Thorn noted that aggregate L2 blob confirmation costs and L1 gas spend have hovered around $10,000 per day, while L2s earn from $100,000 to $400,000 daily in user fees.

As a result, L2 earnings leave “a nice margin even including running the chain.” Blobs are dedicated spaces offering data storage used by layer-2 blockchains built on top of Ethereum.

He also contrasted payments from Base to the Optimism Collective, since Base uses the OP Stack, versus payments from L2s to Ethereum. Over the last 180 days, Base paid $4.4 million to OP, while all L2s combined paid $3.05 million to Ethereum L1 for blobs and gas.

Thorn further claimed Coinbase made $14.9 million in Base fee revenue in Q2, with $443,000 in L1 data costs and $2.16 million paid to OP, saying “OP is literally making 4.8x more off Base than Ethereum is.” 

The critique culminated in a broader alignment question, to which Thorn responded:

“…They aren’t really ‘eth aligned…’ they look pretty ‘Eth extractive’ to me.”

Long-running debate

Base graduated to Stage 1 in April on data aggregator L2Beat, an intermediate decentralization tier envisioned by Ethereum co-founder Vitalik Buterin. 

Stage 1 indicates improved fault-proofs and governance safeguards, while Stage 2 is defined by an L2 having no group of actors that can post a state root other than the output of the code, even unanimously.

The L2 powered by Coinbase was among other chains that recently updated their security measures to prevent ways to block messages to the mainnet other than compromising at least 75% of the network’s security council. 

Thorn’s argument revives a long-running debate over how much economic value L2s should return to Ethereum versus to their operators or upstream collectives. 

The post-4844 cost structure lowered L2 data costs by introducing blobs, but the balance between user fees retained by L2s and L1 spend and staking remains contested.

The post Galaxy’s Alex Thorn calls Ethereum L2s ‘ETH extractive’ amid fee retention concerns appeared first on CryptoSlate.

Laser Digital, a digital asset subsidiary of Japanese banking giant Nomura, has secured the first limited license to offer over-the-counter crypto derivatives under the Virtual Asset Regulatory Authority’s (VARA) Pilot Regime, the company announced Wednesday.

Laser Digital is the first firm authorized to provide institutional-grade crypto options directly to clients under the VARA framework, marking a significant milestone for the firm and the UAE’s emerging regulatory environment.

With this approval, Laser Digital is officially open for business in Dubai and will begin engaging with institutional counterparties to deliver structured derivative strategies.

The offering includes products for hedging, yield enhancement, and volatility management, all of which are tailored to meet the needs of sophisticated investors in the digital asset space.

The license falls under VARA’s Pilot Regime, designed to vet and onboard qualified firms while maintaining strong oversight of virtual asset activity. Laser Digital’s entry under this program reflects growing regulatory maturity in Dubai’s digital asset sector.

Founded by Nomura to bridge traditional finance and the crypto economy, Laser Digital offers trading, asset management, and venture investment services within a regulated institutional framework.

The company’s approval under VARA signals a deepening of Dubai’s ambitions to lead in the global race for regulated crypto innovation.

VARA, established in 2022, has steadily advanced its regulatory roadmap, most recently introducing a staged licensing framework designed to bring oversight to virtual asset activity while supporting innovation.

The Pilot Regime, which Laser Digital now operates under, allows select firms to engage with the market on a limited basis before progressing toward a full Virtual Asset Service Provider (VASP) license.

Dubai’s regulatory clarity has made it a magnet for crypto firms seeking stability amid a patchwork of enforcement actions and inconsistent policies in other jurisdictions. By securing this license, Laser Digital gains a foothold in one of the few jurisdictions offering structured access to institutional-grade crypto finance under government oversight.

The post Nomura’s Laser Digital secures regulatory greenlight to launch OTC desk for crypto options in UAE appeared first on CryptoSlate.

Bitcoin (BTC) is consolidating in a thin-liquidity “air gap” between $110,000 and $116,000 as the market waits for new demand to establish a firm base.

According to an Aug. 6 report by Glassnode, BTC’s price pulled back to $113,000 after setting a new all-time high above $123,000 in mid-July. This price movement left many recent buyers underwater and created a supply cluster with a cost basis above $116,000. 

The lower bound of that cluster repeatedly supported rebounds until July 31, when BTC broke lower into the air gap. Historically, such low-liquidity ranges can morph into accumulation zones as buyers step in at a perceived discount.

The report compared entity-adjusted URPD snapshots from July 31 and Aug. 4 to gauge dip-buying. 

Following a rebound from around $112,000, investors acquired roughly 120,000 BTC and lifted spot prices back above $114,000, evidencing opportunistic demand. 

Even so, the $110,000-$116,000 band remains light in aggregate supply. Time spent accumulating here could potentially build a platform for the next move higher.

New resistance, metrics not overheated

The rally has yet to reclaim the cost basis of holders with amounts of one week and one month old, now with a decisive resistance near $116,900. A sustained break above would signal demand regaining control, while a failure raises the risk of a deeper test of the previous all-time high range around $110,000.

According to the report, price sits in a “warm” but not overheated regime and remains above the short-term holder (STH) cost basis at $106,000. This price level is a threshold that has historically divided near-term bullish and bearish phases in Bitcoin bull markets.

STH supply in profit has slipped from 100% to 70% during the drawdown, consistent with the midline of prior bull cycles. The share of STH spent volume in profit has cooled to 45%, below neutral, implying a balanced market with neither side dominant.

ETF flows and leverage

On Aug. 5, spot Bitcoin exchange-traded funds (ETFs) in the US saw a 1,500 BTC outflow, the largest bout of ETF sell-side pressure since April 2025. Historically, these episodes have been brief, but monitoring persistence is key. 

In derivatives, perpetual funding rates have slipped back below 0.1%, a neutral zone that indicates cooling speculative appetite and tempered upside conviction in the near term.

Taken together, Bitcoin appears locked in the $110,000-$116,000 corridor, accumulating supply and waiting for demand sufficient to retake $116,900 and reassert the uptrend.

The post Bitcoin settles into $110k–$116k ‘air gap’ as market awaits fresh demand appeared first on CryptoSlate.

PancakeSwap has introduced futures contracts tied to major U.S. stocks, enabling users to trade synthetic versions of Apple, Amazon, and Tesla shares directly on the blockchain, according to an Aug. 5 release.

The new feature, live from Aug. 5, allows crypto users to open leveraged long or short positions using only a self-custodied wallet. Trades are executed on BNB Chain and support up to 25x leverage, with pricing designed to mirror traditional equity markets.

Unlike conventional stock trading, these contracts require no brokerage account, registration, or asset custody. Instead, all activity remains fully onchain, marking another step in the platform’s shift toward hybrid financial models that bridge traditional and decentralized assets.

Unlike crypto perpetual futures, which trade around the clock, these stock futures will operate during U.S. market hours, Monday through Friday, from 13:30 to 20:00 UTC, and are accessible via a newly added “Stocks” section in the PancakeSwap interface.

Users can adjust leverage levels and choose their trading direction based on market sentiment.

Perpetual contracts allow speculation on asset price movements without owning the underlying securities. PancakeSwap’s offering tracks stock prices through decentralized infrastructure while avoiding custodial risk.

The platform cautioned that the new derivatives carry significant financial risk. With high leverage, small price moves can result in amplified gains or losses. It urged users to understand the mechanics and risks before engaging in tokenized stock trading.

By integrating traditional equities into its decentralized derivatives platform, PancakeSwap aims to expand investment tools for crypto-native users seeking broader exposure without leaving the blockchain ecosystem.

The move comes amid a wider industry push, especially by centralized exchanges, into tokenized equities and Web3 versions of legacy markets.

The post PancakeSwap launches tokenized stock futures for Apple, Tesla, Amazon with 25x leverage appeared first on CryptoSlate.

A Manhattan federal jury found Tornado Cash developer Roman Storm guilty of conspiring to operate an unlicensed money transmitting business.

As Inner City Press reported on August 6, the jury returned a mixed verdict by finding Storm not guilty of sanctions evasion under IEEPA, and unable to reach a unanimous verdict on money laundering conspiracy.

Amanda Tuminelli, executive director of the DeFi Education Fund, criticized the prosecution’s theories on the hung counts of money laundering and sanctions, arguing they rely on “the inaccurate, dangerous, and limitless principle that a software developer can be held responsible for third parties’ use of their code.” 

She urged the DOJ not to retry Storm on those charges and noted that the “Trump DOJ” can and should choose not to allow the Southern District of New York to pursue this case further.

No prison sentence

Following the verdict announcement, Assistant US Attorney Arad moved to remand Storm to custody, arguing there is a presumption of detention after conviction and that Storm poses a flight risk given his background and access to significant crypto funds. 

Prosecutors referenced messages about immigration “workarounds” and alleged access to multi-million-dollar wallets, including funds linked to co-defendant Roman Semenov, who remains at large.

Storm’s defense opposed remand, noting he has complied with bond conditions, surrendered his passport, and has a home-secured bond in place. Judge Katherine Polk Failla stated her belief that Storm is not a risk by being considered guilty only on the money transmitting charge. She added:

“He may appeal, he has every incentive to stay and fight. He is not a risk of flight, given the size of the bond. There is a lot of fighting left in this case before sentencing, and I think Mr. Storm will stay for it.”

The judge took arguments on the spot after receiving the jury’s note and partial verdict, which came after an Allen charge urging further deliberations earlier in the day. With the jury hung on the laundering count and an acquittal on sanctions, prosecutors will seek to retry the counts.

Journalist Eleanor Terrett reportedly caught Storm leaving the courtroom. He stated:

“It’s a big win. The ‘1960’ charge is bullshit and we’re going to fight it all the way.”

She said he was relieved not to be remanded and noted that his 5-year-old daughter is a key reason he will keep contesting the single count on which he was convicted. Storm told her that he’s heading back to Seattle for now.

Storm was charged in 2023 with conspiracy to launder money, operate an unlicensed money transmitting business, and violate US sanctions, tied to his role in building and operating the Ethereum-based mixer Tornado Cash.

Prosecutors say Tornado Cash was used to launder over $1 billion by bad actors, including North Korea-backed Lazarus Group.

The post Jury convicts Roman Storm on unlicensed money transmission; hung on laundering, not guilty on sanctions appeared first on CryptoSlate.

A crypto investor just lost $3 million worth of USDT because they signed a blockchain transaction without checking the contract address. That’s not just a slip-up—it’s a lesson in how brutally fast and final crypto mistakes can be.

Crypto Phishing: What exactly happened?

On Wednesday, blockchain analytics firm Lookonchain revealed that an investor fell victim to a phishing scam. The attacker lured the victim into signing a malicious transaction, draining $3.05 million in USDT from wallet address “0x2d9.” This wasn’t some obscure bug or hack. It was human error—one click, no take-backs.

The investor likely did what many people do when transferring funds: check the first few and last few characters of the wallet address, assuming the middle part is fine. But that middle part is exactly where the malicious contract hides. And most wallet UIs don't even show it by default.

That’s how sophisticated these scams have become. They look legitimate at a glance, just enough to catch even seasoned traders off-guard.

What’s a crypto phishing scam?

Think of it as classic phishing, but with higher stakes. These attacks usually involve social engineering—fraudulent links or messages that trick users into handing over their credentials or signing malicious smart contracts. Unlike traditional banking fraud, there’s no fraud desk or chargeback option in DeFi. Once you click and sign, the money’s gone.

And this isn't a one-off. Just days earlier, another investor lost $900,000 to a phishing scam—458 days after signing a malicious approval transaction. That wallet sat quietly, waiting for the right moment to strike. No bells, no alarms.

The $71 million twist

Back in May 2024, a victim lost $71 million in a wallet poisoning scam. In a bizarre twist, the scammer returned the entire amount two weeks later, after global investigators traced the activity to a potential Hong Kong IP address and publicly ramped up the pressure.

Don’t count on that kind of miracle, though. Most bad actors won’t fold.

The bigger issue: False sense of security

The common thread in all these incidents? A false sense of security. People think checking just part of an address or trusting a slick interface is enough. But smart contracts don’t care how the UI looks. They execute code. And the blockchain, once it confirms a transaction, does not do refunds.

This is why crypto self-custody is both a superpower and a trap. You’re your own bank—but also your own last line of defense.

So, how do you stay safe?

• Never sign a transaction you don’t understand. That sounds obvious, but people still do it.
• Verify every single character of a wallet or contract address. Don’t just rely on the beginning and end.
• Don’t interact with links or dApps you find on social media or group chats without checking the source.
• Use wallets and interfaces that show you full contract details.
• Revoke past approvals regularly using tools like Revoke.cash or Etherscan’s token approval checker.

Web3 doesn't forgive mistakes. The tech is powerful, but human error remains the weakest link. If you're managing large sums in crypto and not taking contract approvals, wallet hygiene, and basic verification seriously, you're walking a tightrope without a net.

One click cost this investor $3 million. Let it not cost you yours.

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$USDT, $Crypto, $Tether

Bitget, the leading cryptocurrency exchange and Web3 company, officially launches Crypto Experience Month 2025, a global youth activation campaign under its Blockchain4Youth initiative. Now in its third year, the campaign takes a step away from classrooms and webinars, transforming crypto from a buzzword into something tangible, usable, and real. As part of the third-year celebration of International Youth Day in August, Bitget plans to host Crypto Experience events throughout the month of August across multiple cities in the Middle East, Europe, South East Asia, and South Asia.

Crypto Experience Month 2025 is built around a simple tagline: Look What Crypto Can Do. While headlines often frame digital assets around market movements, this campaign flips the narrative, focusing instead on how blockchain is being applied in payments, gaming, DeFi, identity, and creative expression. Across pop-up activations set to roll out globally this August, Bitget is inviting young people to try crypto for themselves, not on charts, but in checkout lines, in metaverse arcades, and through everyday interactions.

From university campuses to creative hubs, attendees will explore zones where they can mint NFTs, experiment with stablecoin lending, trade tokenized stocks in real-time simulations, and test drive PayFi’s QR-based retail transactions. They’ll receive digital badges, load up a Bitget Wallet Mastercard, and even stake assets in DeFi setups guided by in-person educators. The format is designed to merge experience with understanding, where every station is part demo, part discovery.

The shift from education to interaction marks a new chapter for the campaign. Launched in 2023 with Crypto Experience Day, the campaign expanded to an entire month in 2024, reaching over 15,000 participants across 12 countries. This year’s edition pushes further, prioritizing physical presence and hands-on engagement to help bridge the growing gap between Web2 curiosity and Web3 confidence.

Vugar Usi Zade, Bitget’s Chief Operating Officer and the executive sponsor of Blockchain4Youth, believes that relevance comes from application. “You can’t build belief in the future of crypto through theory alone. You need to let people feel it, use it, question it,” he said. “Crypto Experience Month is about making the technology real and giving young people a reason to care about where it’s going.”

Bitget Wallet will serve as the official campaign partner, integrating its latest features, including PayFi, and on-chain tools into the experience zones. Jamie Elkaleh, Chief Marketing Officer at Bitget Wallet, added, “The onboarding is just the start. It’s also about showing how crypto can empower everyday actions, from payments to creativity. We’re excited to bring that vision to life on the ground.”

Followers of the campaign can look forward to a recap video capturing highlights from each activation in early September. Until then, Bitget’s message is clear: crypto isn’t just coming to the real world. It’s already here, and this August, it’s handing over the controls to the next generation.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

BNB price just got a major confidence boost from Wall Street. CEA Industries, a Nasdaq-listed company, has raised half a billion dollars to buy BNB and shift its entire treasury strategy to the BNB ecosystem. But here’s the thing—despite the headlines, BNB’s price hasn’t exploded. Let’s break down what’s really going on and what the daily chart is signaling.

Why Is This CEA BNB News a Big Deal?

CEA isn’t just buying a few tokens. They’ve raised $500 million in a private placement and will buy BNB as their primary reserve asset. The initiative is backed by Binance founder CZ’s family office, YZi Labs, and supported by big names like Pantera Capital, Blockchain.com, and Arrington Capital.

They’re even rebranding their ticker from VAPE to BNC. That’s not a pivot—it’s a full-blown identity shift. They’re committing to the BNB Chain ecosystem long-term, and an additional $750 million could be unlocked through warrants. That brings the total possible BNB treasury to $1.25 billion.

This puts BNB price in the same narrative space where Bitcoin was when MicroStrategy made its first major buy. It signals institutional belief not just in Binance’s token, but in the ecosystem it anchors.

BNB is entering a new phase of institutional adoption. Just a few days ago, Nasdaq-listed biotech firm Windtree Therapeutics announced plans to buy up to $700 million worth of BNB. Now, CEA Industries has followed up with a confirmed $500 million raise to execute its own BNB treasury strategy. That’s $1.2 billion in fresh capital flowing toward BNB from two publicly traded companies within the same week.

BNB Price Prediction: What Does the Daily Chart Say About BNB’s Price?

Looking at the daily chart, BNB price is trading at around $757 after a strong July rally that peaked near $870. What followed was a typical retracement phase. Price action has now pulled back into the Bollinger Band midline zone near $773 and slightly dipped below it.

The Heikin Ashi candles show a loss of bullish momentum with a string of smaller-bodied orange candles. This suggests some indecision or early profit-taking following the July surge. However, the lower wick support around $740 has held up for several sessions now.

The key zones to watch:

• Resistance at $773 to $790: This is the Bollinger midline and the range top from the early August pullback.
• Support near $715 to $740: The lower Bollinger Band and previous local demand zone.
• Breakout trigger: A daily close above $790 with strong volume could resume the uptrend and retest the $870 high.

So far, there’s no breakdown. BNB is just cooling off after a vertical climb.

Could CEA’s Move Trigger a Second BNB Price Rally?

This isn’t hype-driven retail volume. This is structured institutional capital entering BNB. If CEA starts executing its buys over the next few days or weeks, that could provide serious demand-side pressure. The news also sets precedent—other firms might now consider BNB as a treasury asset, similar to the domino effect that followed MicroStrategy's Bitcoin strategy.

If more announcements follow, or if CEA reveals actual BNB purchases via on-chain data, we could see BNB push toward four-figure levels by Q4.

BNB Price Prediction: What Happens If the Market Ignores the BNB News?

If BNB price breaks below the $715 zone, we’re looking at deeper retracements toward $680 and even $640, which align with the lower Bollinger projection. That would suggest the market is still digesting the recent rally and may need more time before pushing higher.

But from a structure point of view, the chart still leans bullish. The trend is intact, the fundamentals just got stronger, and BNB has become more than just an exchange token. It’s now a treasury-grade asset for public companies.

The CEA BNB news is a massive long-term validation for BNB. The market hasn’t priced it in fully—yet. Technically, BNB is at a decision point. If bulls defend this support and push above $790, a fresh rally toward $900 and beyond is likely.

If you're watching for entries, keep an eye on the $740 to $760 consolidation range. If volume starts picking up and price closes strong above resistance, that’s your signal.

BNB news just entered the big leagues. And this might just be the beginning.

Litecoin just saw its strongest price spike in months, and it’s not hard to see why. A powerful mix of speculative energy, corporate action, and ETF optimism has lit a fire under LTC, pushing it to a five-month high of $128.40. But is this LTC price momentum sustainable, or is the market getting ahead of itself?

Let’s break it down.

Litecoin Price Prediction: What’s Driving the Price Surge?

First, the numbers. Litecoin is up over 41 percent this month and nearly 6 percent in the past 24 hours alone. As of now, it’s holding around $123, giving it a market cap close to $9.4 billion. That move isn’t random. It comes right after two major catalysts.

The big one? MEI Pharma raised $100 million—not for R&D, not for expansion, but to become a Litecoin treasury firm. That’s a massive bet on LTC from a publicly listed pharmaceutical player, and it’s sending a strong message to the broader market: Litecoin isn’t just for payments anymore, it’s a corporate asset.

Then there’s the ETF speculation. While prediction platform Polymarket places the odds of a Litecoin ETF approval this year at 83 percent, competing platforms like Myriad show users expect XRP to beat Litecoin to the finish line. Regardless, multiple filings from Canary Capital, Grayscale, and CoinShares suggest the race is on. The fact that these institutions are even in the conversation is enough to inject serious momentum.

What the LTC Price Chart Says?

Looking at the TradingView daily chart, LTC broke above both the midline and upper band of the Bollinger Bands, which typically signals an overbought yet strong bullish condition. It’s riding above the 20-day moving average comfortably, and the Heikin Ashi candles show clear bullish continuity after a minor pullback.

That pullback after hitting $128.40 wasn’t a reversal—it looks more like a healthy consolidation. The current candle has reclaimed the upper Bollinger Band, suggesting that bulls are still in control. Momentum is strong, and the price structure is climbing with higher lows and higher highs.

If Litecoin can close above $125 in the next couple of sessions, the door opens to a retest of $135 to $140. Above that, $150 becomes the psychological level to watch. On the downside, $110 acts as strong support, and a drop below $105 would invalidate this bullish thesis.

Are ETF Rumors Already Priced In?

Litecoin ETF approval speculation has been around since February, when the SEC first acknowledged the filings. What we’re seeing now isn’t fresh news—it’s a resurfacing of old optimism, coupled with fresh capital from MEI Pharma. That matters.

In fact, the MEI investment could be the more important long-term catalyst. ETF approvals can move prices quickly, but if more firms start adding LTC to their balance sheets, that builds a deeper base of demand. And unlike ETF rumors, treasury allocations tend to stick around.

Litecoin Price Prediction: What Comes Next for LTC Price?

Short term, expect volatility. The market is jittery, and LTC will swing on every new ETF headline. But if treasury adoption continues and Litecoin maintains its role as a top payment coin—it recently captured 14.5 percent of crypto payments on CoinGate—there’s a longer runway here.

Keep an eye on three things: SEC decisions around Litecoin ETFs, corporate announcements hinting at LTC treasury positions, and any major payment platform adopting LTC.

The price is reacting to signals of real-world usage and institutional interest. If those signals get stronger, this could be the beginning of a structural uptrend, not just a hype-driven pump.

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XRP Price Prediction: Will Support at $3 Hold?

XRP ($XRP) is currently trading around $3.02, down 1.53% on the day and 3.17% over the past week, according to the latest market performance. Despite these short-term losses, the token is still up 36.34% over the past month, 27.02% in 6 months, and a solid 45.51% year-to-date.

But can this momentum continue—or are we looking at the beginning of a deeper correction?

XRP Chart Analysis: Key Levels to Watch

The daily chart shows XRP recently broke down from a local top near $3.60 and is now consolidating just above the psychological $3.00 level. This level is critical for bullish momentum to remain intact.

• Support Zones: $3.00 (green horizontal), followed by the 50-day SMA at $2.68 and the 200-day SMA at $2.45.
• Resistance Zones: Immediate resistance lies near $3.20. A breakout above this could trigger a retest of $3.61.
• RSI (Relative Strength Index): RSI has cooled off from its overbought zone and is now hovering around 52. This suggests XRP has room to move in either direction but lacks strong momentum for now.

XRP/USD 1-day chart - TradingView

A breakdown below $3.00 could open the doors to a quick dip towards $2.68 or even $2.45. However, holding this level would signal bullish consolidation and the potential for a bounce.

Market Context: Ripple's Blockchain Report Adds Confidence

In the midst of this technical uncertainty, $Ripple official X post offers a bullish long-term narrative for XRP and blockchain adoption:

“The shift is happening: banks are investing in blockchain.
➡️ $100B+ invested in blockchain companies since 2020
➡️ $700B/month in stablecoin volume
➡️ $18T projected in tokenized assets by 2033”

This data comes from Ripple's new report in partnership with CB Insights and UK Cryptoasset Business Council, highlighting the growing integration of blockchain into traditional finance.

These macro signals can act as a tailwind for XRP’s future valuation—especially if XRP remains a go-to option for cross-border payments and tokenized liquidity.

XRP Outlook: Price Prediction for August 2025

If XRP can maintain support above $3.00, the next leg up could push toward the $3.60 resistance zone. However, if Bitcoin ($BTC) continues to slide or the broader crypto market weakens, XRP may revisit lower support levels.

Potential Scenarios:

• Bullish Case: Bounce from $3.00, retest $3.20, and aim for $3.60+. Breakout above $3.60 could send XRP to new highs.
• Bearish Case: Failure to hold $3.00 sends XRP down to $2.68 or even $2.45. RSI breakdown would confirm bearish momentum.

JPMorgan’s permissioned platform will help reduce settlement risk, time, and cost by enabling 24/7 programmable payments

Bitcoin’s short-term profit-taking declines, but investors remain cautious as directional bias remains uncertain amid ongoing risks.

Seven Republican senators are urging the Commerce Department to investigate whether open-source models like DeepSeek’s R1 pose risks.

Apple pledged an extra $100 billion to U.S. manufacturing as Trump threatens tariffs on foreign-made chips.

Carlos Ramirez, aka Whynne, told Decrypt that he doesn’t want to be involved and won’t press legal action against the surging Troll meme coin.

Matt Levine is convinced that crypto can no longer be banned in the U.S. due to its global influence

Market slowly diving into bearish territory that might create conditions for aggravation of trend

Read U.Today's news digest to stay updated on the latest events in the crypto world

Bitcoin’s price is unstable but investors' sentiment remains unwavering

Bitcoin and other cryptocurrencies are now setting up a "head fake" following a Bollinger Band squeeze

TLDR:

• Roman Storm found guilty of conspiracy to run an unlicensed money-transmitting business.
• Tornado Cash laundered $1B, including funds from North Korea’s Lazarus Group.
• DOJ says Storm helped promote and maintain Tornado Cash even after sanctions warnings.
• Verdict signals tougher U.S. enforcement on crypto tools used for illicit finance.

Roman Storm has been convicted. The U.S. Department of Justice said he knowingly ran a crypto mixer that moved over $1 billion in criminal funds. That includes money from cyberattacks tied to North Korea. 

Authorities say he didn’t just build Tornado Cash; he helped keep it running while the crime piled up. Now, he faces serious time behind bars.

Tornado Cash Wasn’t Just a Tool; It Was a Business

The feds say Storm didn’t stumble into crime. He helped design Tornado Cash from the ground up. It was built to let users move crypto anonymously. That meant bad actors: hackers, fraudsters, and even sanctioned groups could wash dirty money without a trace.

According to the DOJ, Storm and his partners didn’t just walk away. They stayed involved, funded the infrastructure, and promoted the service. Tornado Cash wasn’t open-source freedom; it was a revenue stream. Prosecutors said the team pulled in over $12 million before getting caught.

That’s where things got serious. The platform helped launder funds from the infamous Ronin hack, one of the largest in crypto history. The FBI had already linked the theft to the Lazarus Group, a North Korean cybercrime gang.

Despite public warnings, Storm continued operations. He let funds from that hack keep flowing through Tornado Cash. The DOJ said he didn’t just ignore the red flags; he knew what was happening and chose to keep the system live.

Crypto Is Moving Fast, But So Are the Lawmakers

U.S. Attorney Jay Clayton said tech won’t excuse crime. He pointed out that stablecoins and other digital tools show promise. But if they’re used to hide stolen money, that promise fades.

In court, the jury didn’t hesitate. After a four-week trial, Storm was found guilty of conspiracy to operate an unlicensed money-transmitting business. That charge carries up to five years in federal prison.

This case sets a precedent. Regulators and law enforcement aren’t just watching; they’re acting. If you’re in crypto and building tools, they want you to know: responsibility doesn’t stop at launch.

The prosecution credited the FBI and IRS criminal investigators. Their work helped unravel a network that processed over $1 billion in dirty crypto.

Crypto isn’t lawless anymore. And Storm’s conviction sends that message loud and clear.

The post Tornado Cash Co-Founder Goes Down for $1B Crypto Crime Ring appeared first on Blockonomi.

TLDR:

• Parataxis merges with SilverBox IV SPAC, unlocking up to $640M to buy and yield Bitcoin.
• $31M already raised will be deployed into BTC ahead of the merger’s SEC approval.
• South Korea arm launched via Bridge Biotherapeutics buyout, targeting ETF gap and demand.
• Equity line gives access to another $400M, enabling treasury scaling and special deals.

Parataxis Holdings just made its biggest move yet. The digital asset platform is going public through a SPAC merger with SilverBox Corp IV. This deal isn’t about hype, it’s about stacking serious Bitcoin. 

Parataxis wants to lead the charge in Bitcoin treasury strategies, starting in the U.S. and South Korea. And now, it has up to $640 million to make that happen.

SPAC Merger Opens the Door for Bitcoin Treasury Expansion

The business combination, once closed, will see Parataxis Holdings listed on the NYSE as Parataxis Holdings Inc. 

The ticker symbol will be “PRTX.” According to the company, the deal includes up to $240 million in immediate proceeds. About $31 million has already been raised to start buying Bitcoin now.

In a statement, CEO Edward Chin said the goal is to build a public vehicle offering institutional access to Bitcoin. He stressed the platform isn’t just about holding Bitcoin. It’s about generating yield and deploying disciplined digital asset strategies.

While most firms are focused on the U.S., Parataxis is turning heads in South Korea. The company recently launched Parataxis Korea, taking over Bridge Biotherapeutics. Since the announcement in June 2025, the biotech’s shares have jumped roughly 4.5x.

South Korea presents a rare window of opportunity. There’s no Bitcoin ETF yet, but demand for crypto exposure is high. Parataxis sees this gap as its chance to lead, with localized execution and a first-mover edge.

Yield Strategy Sets Parataxis Apart

Parataxis doesn’t just plan to hold Bitcoin. The team wants to generate yield through low-volatility trading. 

That means targeting institutional clients who want more than just exposure. The leadership, drawn from Parataxis Capital, brings traditional asset management tactics into the digital world.

Their stated approach focuses on capital preservation while unlocking BTC yield. A governance-first structure is key to this. The platform is already backed by global allocators with strict risk controls.

The SPAC deal gives Parataxis optional access to another $400 million via an equity line. If fully drawn, it pushes their total equity value to $800 million. That capital will help accelerate BTC purchases, fund treasury platforms, and seize “special situations” deals.

Both boards have approved the agreement and it now heads to SEC review. The Bitcoin raised from the preferred equity round will be custodied until the merger closes, giving incoming shareholders instant BTC exposure.

Parataxis is clear on its direction: buy Bitcoin, make it work harder, and do it at an institutional scale: no flash, no noise,  just a clean, tactical move into digital finance’s next frontier.

The post Parataxis Merges With SPAC, Aims to Stack $640M in Bitcoin appeared first on Blockonomi.

As summer heats up, so does the altcoin market. Investors are eagerly searching for tokens that can deliver impressive returns in this season of growth. Among the well-known heavyweights, one altcoin is already keeping pace with Bitcoin’s (BTC) rally, while another, Polkadot (DOT), continues to attract strong attention for its innovative blockchain technology. However, beneath these established names lies a hidden gem ready to outshine both: Mutuum Finance (MUTM). Currently priced at a very accessible $0.035 during its ongoing presale, Mutuum Finance (MUTM) is strategically positioned to deliver superior returns and redefine the DeFi lending landscape.

Mutuum Finance (MUTM) Presale and Revolutionary Stablecoin Lending Model

Mutuum Finance (MUTM) is capturing investor interest with its Phase 6 presale, where $14.1 million has been raised by selling 170 million tokens at $0.035 each. The growing community now boasts over 14,900 holders, with 12% of the Phase 6 supply already snapped up. These numbers reflect strong demand and the platform’s promising future as a utility-rich DeFi protocol.

What will make Mutuum Finance (MUTM) stand out will be its innovative stablecoin model. The platform will issue a decentralized stablecoin backed by crypto collateral, unlocking new possibilities for lending and borrowing within a transparent, secure framework. Users will deposit stablecoins and blue-chip tokens into Peer-to-Contract (P2C) pools and will receive mtTokens at a 1:1 ratio. These mtTokens won’t just act as placeholders—they will generate a steady stream of interest. 

In addition, users will be able to stake their mtTokens in the designated smart contracts to earn extra rewards paid in MUTM tokens, enhancing incentives for liquidity providers and encouraging long-term engagement with the ecosystem.

One of the most attractive aspects for investors will be the platform’s strategic buyback mechanism. Mutuum Finance (MUTM) will allocate a significant portion of its protocol revenue toward buying back MUTM tokens from the open market. This built-in demand will drive upward price momentum and contribute to long-term price stability—making MUTM a compelling asset for both short-term traders and long-term holders alike.

Clean Roadmap

Mutuum Finance (MUTM)’s growth plan is laid out in a clear four-phase roadmap. This begins with the current presale and marketing efforts, followed by the development of smart contracts and platform testing. Later phases will include the official launch, exchange listings, and expansion into multiple blockchain networks. Each phase is crafted to build on the previous one, driving adoption, increasing liquidity, and enhancing token value.

An investor who entered Mutuum Finance (MUTM) at Phase 2, paying just $0.015 per token and swapping assets like AVAX and SOL into MUTM, has already realized gains exceeding 130% at the current $0.035 price. With a listing price projected at $0.06, total returns are expected to reach four times the initial investment. This clear trajectory demonstrates the substantial upside for investors who act early in the presale.

Security and community trust are critical for DeFi projects, and Mutuum Finance (MUTM) addresses these with rigor. The protocol has passed a comprehensive CertiK audit, earning a 95 score on Token Scan and 78 on Skynet, underscoring its commitment to high code quality and robust security measures. Moreover, the platform is actively engaging its user base with a $100,000 giveaway, incentivizing participation and rewarding loyal supporters.

A Balanced DeFi Lending Ecosystem with Powerful Growth Potential

Mutuum Finance (MUTM)’s dual lending system will offer a compelling combination of stability and opportunity. The Peer-to-Contract (P2C) pools will be designed for safer, steady returns by leveraging stablecoins and blue-chip cryptocurrencies as collateral. This model will attract conservative investors who will value consistent interest earnings through mtTokens and future staking rewards.

On the other hand, the Peer-to-Peer (P2P) lending option will target a more aggressive market segment by facilitating loans to holders of speculative memecoins such as TRUMP and BONK. This trustless lending environment will offer higher yields to lenders willing to take on increased risk, adding a dynamic element to the platform’s ecosystem. 

With only 12% of Phase 6 tokens sold so far, the opportunity to buy MUTM at $0.035 remains open—but not for long. The next presale phase will raise the price to $0.04, a 15% increase, making this the last chance for investors to acquire tokens at a discounted rate before broader market interest pushes the price higher.

In a summer market dominated by established names like Bitcoin (BTC) and Polkadot (DOT), Mutuum Finance (MUTM) is building to offer a fresh, utility-driven alternative with a strong foundation and clear growth prospects. Its innovative stablecoin lending system, rewarding staking model, and revenue-backed buyback program set it apart as a project capable of delivering substantial gains this season. Investors looking to maximize their returns during this altcoin rally will find MUTM to be a compelling and timely addition to their portfolios.

For more information about Mutuum Finance (MUTM) visit the links below:

Website: https://www.mutuum.com

Linktree: https://linktr.ee/mutuumfinance

The post Top 2 Altcoins for Summer Gains, One Is Already Matching Bitcoin (BTC) in Growth Pace While Other Is Polkadot (DOT) appeared first on Blockonomi.

Cardano is facing serious headwinds. It once traded above the $0.8 price mark before experiencing minor corrections, now trading at a market price between $0.70–$0.75.

Now, most technical setups for Caradno price prediction suggest the price could further dive down to $0.5.  If that happens, then it means the minor support would be broken and could take the price further down to as low as $0.40, especially if news and fundamental conditions worsen.

Support levels around $0.50 are fragile and have already faced tests. Although rebound attempts have occurred—most recently lifting ADA back toward $0.63—the bearish structure formed by crossing moving averages and declining volumes suggests caution.

Surprisingly, there’s a red-hot rival drawing attention in the DeFi space currently: Remittix (RTX).

Why ADA Holders Are Reconsidering Their Position

Even long-term loyalists are losing patience:

A $100M ADA treasury sell-off proposal triggered backlash and sent holders seeking alternatives.

Frustration grew after a fleeting break above $1 collapsed, leaving many ADA investors under the water once again. In response, a growing group is betting on a rising initiative – Remittix (RTX), as it’s drawing increasing interest from early Cardano holders.

Remittix (RTX): The Fast-Moving New Alternative

Remittix is accelerating. It’s fast-moving, problem-solving, and still early enough to deliver outsized returns if adoption scales as expected. For many retail and institutional investors who feel ADA has failed them, Remittix feels like a rare second chance.

• Cross-border utility: Its PayFi protocol allows crypto-to-fiat transfers across 30+ countries using 40+ crypto and fiat currencies, targeting one of the world’s largest financial use cases.

• Project traction: Over $18.1M raised, more than 581M RTX tokens sold. Many ADA holders reportedly took profits and redeployed capital into Remittix.

• High growth potential: Analysts compare its early-stage momentum to Cardano’s initial journey from $0.02 to $3, suggesting possible 50–100x upside if adoption continues, especially with the massive $250,000 giveaway.

Expert Forecasts: Two Paths Diverge

Analysts from Analytics Insight argue that the Caradano price prediction charts show the coin could fall to $0.50 briefly, before consolidating or forming a base, citing waning whale interest and negative MACD trends.

Others, however, still offer medium-term hopes of ADA retesting $1 if technical infrastructure (like the Midnight Network and Partner Chains) gains traction.

But for investors seeking near-term asymmetry, Remittix’s momentum, backed by product delivery, CertiK audit, and expanding market corridors, offers a sharper contrast to ADA’s stagnant path.

So, What’s Next for Cardano Price Prediction?

This moment feels like a crossroads: Cardano, with respected fundamentals, is battling short-term inertia and holder frustration. Remittix, meanwhile, is quietly building traction with utility in emerging markets and solid upside momentum.

Discover the future of PayFi with Remittix by checking out the project here:

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix 

$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway

The post Cardano Price Prediction: ADA Holders Brace For Drop To $0.50 With Many Jumping Ship To This Red-Hot Rival appeared first on Blockonomi.

The Dogecoin price forecast is in sharp focus this week after a fresh round of volatility in the meme coin sector rattled investors. With crypto market sentiment swinging between mild optimism and bearish caution, analysts in their Dogecoin price forecast are now warning that DOGE could be heading for lower levels.

Meanwhile, serious attention is shifting toward newer tokens with real tech and strong communities as one such project, Remittix (RTX), is beginning to dominate industry chatter for all the right reasons. For investors searching for the next big altcoin 2025, there’s a growing movement toward tokens that offer low gas fees, DeFi utility, and actual use cases.

Dogecoin Price Forecast: Bearish Pressure May Not Be Over

Dogecoin, once the undisputed king of meme coins, is showing signs of fatigue. After reaching $0.212 in early July, DOGE has fallen back to $0.198, according to CoinMarketCap. While this correction isn’t unexpected, the lack of strong fundamentals leaves many analysts cautious about further upside.

Crypto expert, Ali Martinez, has said on X (formerly Twitter) that DOGE could be forming a falling wedge. His Dogecoin price forecast is that it could rise to a target of $0.265.

Meme coins tend to move in waves, but many traders are turning away from hype tokens in favor of more utility-driven options like cross-chain DeFi projects and crypto with passive income potential.

Why Remittix Could Be the Best CryptoTo Buy Pick

While DOGE drifts sideways, Remittix (RTX) is gaining serious attention. The team recently revealed a mobile-first crypto wallet due in Q3, and it promises to change how users interact with crypto payments.

This isn’t just another hype coin but one that is designed to solve real issues in cross-border payments, focusing on real-time FX rates and low gas fee crypto transactions.

What Sets Remittix Apart?

• 40% Bonus Live: Time-limited opportunity before $18 million soft cap is hit

• 20% Referral Rewards: Earn RTX by sharing the project

• Security First: Audited by CertiK, one of the top blockchain security firms

• Built for borderless payments with global reach

• Real-World Utility: Built for actual use — not just speculation

Remittix stands out in a crowded field by focusing on real-world crypto utility. Compared to Dogecoin or even Solana, RTX brings together cross-chain compatibility, fast settlements, and a clean wallet interface designed for mainstream users.

Buy Now, Before the Crowd Wakes Up

Remittix is being called the best crypto to buy in the current market by analysts tracking low cap crypto gems and upcoming crypto projects. The ongoing $250,000 giveaway is drawing in attention from early-stage crypto investors looking for high-conviction plays.

In a year filled with gimmicks, Remittix is shaping up as the best long-term crypto investment for those looking to buy RTX token while the project is still under the radar. With the wallet launch planned in Q3 and momentum building on social platforms, this might be the fastest growing crypto 2025 story you haven’t yet heard about.

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix  

$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway

The post Dogecoin Price Forecast August 2025: Analyst Say Lower Prices To Come For DOGE, RTX To Lead Way For Gains appeared first on Blockonomi.

TL;DR

• Shiba Inu is introducing its first-ever democratic process to appoint an interim president through a multi-phase election involving open nominations, debates, and final voting.
• Lead developer Shytoshi Kusama announced a shift toward community-led governance, encouraging SHIB whales to run for the position.

The Elections

Earlier this month, the popular meme coin project Shiba Inu celebrated its fifth birthday. Over the past half a decade, it underwent numerous developments, while Shytoshi Kusama unveiled the next one: the election of an interim president.

The lead developer said the appointment of such a figure will happen after “fair elections,” whereas the voting will go through three sessions. 

“The first allows for anyone to be nominated, while the top 10 move onto the debate phase. Debates will take place LIVE or recorded on various platforms and times, while a secondary vote to find the top 3 will take place after one week,” the announcement reads.

It is important to mention that anyone can nominate themselves for the position and will be required to create a profile to give the community some info about who they are. 

The final vote will take place one week after the debates between the three remaining candidates. The appointed president will be responsible for the well-being and future vision of the project and the proper execution of the Shib Paper guidelines.

“They are to implement the first congress (consisting of the four DAO councils), which stands as the inter-branch DAO mentioned in the Shib Paper. Most importantly, they are responsible for the community of millions and the financial responsibility of a 7 billion dollar token,” Kusama added.

According to the developer, the perfect candidate must combine “technological prowess, unwavering dedication, and impeccable vision.”

Last but not least, Kusama recommended that the president be a whale in the SHIB community (an investor who has substantial holdings of the meme coin). 

“For this reason, I suggest a multi-vote system for this election where 1 token = 1 vote for any and all of the ecosystem tokens. In this way, whales should hypothetically win, which is aligned as they have the most skin in our success. Moreover, I implore the community to rigorously vet, check, and learn about all candidates,” they advised.

What About Kusama?

The lead developer argued that they have been deemed responsible for completing Ryoshi’s vision. To the uninitiated, Ryoshi is the pseudonymous creator of Shiba Inu who hasn’t revealed their identity. 

Kusama said their role now rests with the community, but said they will continue to post details on the election date and other updates.

“We will continue working on innovation, and closely with the Treat Dao and strategies therein, and will continue pursuits outside of SHIB that align with our vision and often contribute to the ecosystem or DAOs. In this way, we continue as valued Shibizens of a system we helped build from nothing,” the developer concluded.

The post Shiba Inu to Appoint Interim President – Here’s Why That Matters appeared first on CryptoPotato.

One of the leading decentralized exchanges received words of encouragement from a prominent figure in the crypto space.

Even though the project’s results are significant, it can’t seem to return to its prior feats, and there are growing concerns about governance.

More Room to Grow

Matt Hougan, Chief Investment Officer at Bitwise, the largest provider of cryptocurrency index funds with more than $1.5 billion in assets under management (AUM), made a bold statement on X earlier today.

“Uniswap at $6 billion feels too small. If it were a company, it would be the 400th largest financial services business in the world — roughly the same size as Storebrand, a savings and insurance business in Norway.”

Members of the crypto space commented with a mixture of agreeing and disagreeing statements, with the majority of the input relating to the protocol’s revenue. Another point was that the native governance token, UNI, does not inherently provide value to investors.

Still, given that a decentralized autonomous organization (DAO) governs how the protocol will operate, a market capitalization of $6.15 billion, as per the most recent data from CoinMarketCap, is impressive. The native token is also up over 30% for the month, and over 100% year-to-date (YTD).

Trading volume on the decentralized exchange is also noteworthy, with the last three months alone bringing in over $280 billion, according to data from Token Terminal at the time of printing.

Still Struggling

Despite the impressive numbers posted, Uniswap’s price appears to be stuck around the $10 mark, with no significant movement for some time now. Throughout July, the resistance level seemed to be around $11, while support was between $6 and $8.

Following the token reaching a high of $19 on December 8th last year, analysis firm Lookonchain detected a massive move of 989,520 UNI ($16.73 M) from trading company Cumberland into various exchanges. Shortly after, the price plummeted and has not been able to regain its strength since.

A research-sharing platform, arXiv, has posted an interesting paper on Uniswap’s Network, and the findings on the governance model are worrisome.

Despite being promoted as decentralized, a small group of large UNI token holders (including early investors and the Uniswap Foundation) control most of the voting power, and users with small balances of the token have minimal influence on key decisions.

Moreover, essential proposals tend to get delayed or are based on the interests of larger holders. There are even reports about a lack of transparency, with some off-chain coordination being noted.

The post Bitwise CIO: Here’s Why Uniswap Feels Undervalued at $6 Billion appeared first on CryptoPotato.

Changpeng Zhao (CZ) has filed a motion to dismiss a $1.76 billion lawsuit brought against him by the FTX bankruptcy trust.

He says the court has no legal authority over him because he lives in the United Arab Emirates (UAE).

CZ’s Defence

According to a Bloomberg report, his legal team submitted the motion on Monday to the U.S. Bankruptcy Court for the District of Delaware, asserting that the accusations fall outside the court’s reach.

“The claims are so far removed from Delaware and even the United States that the statutes at issue, which lack extraterritorial application, do not even apply,” his lawyers wrote in the filing.

Lodged in November 2024, the lawsuit accuses Zhao, Binance, and several former executives of receiving billions of dollars in funds that were wrongfully moved by FTX founder Sam Bankman-Fried (SBF). It focuses on a July 2021 deal where the exchange sold back its equity in FTX’s international and US-based entities. According to the trust, Binance held a 20% stake in FTX’s international unit and 18.4% in the U.S. arm.

Court records show that Alameda Ltd, a company registered in the British Virgin Islands, transferred the funds for FTX. On the other hand, the Binance entities involved were registered in Ireland, the Cayman Islands, and the British Virgin Islands. CZ’s legal team argues this makes the transaction foreign and outside the reach of U.S. bankruptcy laws. They also claim he was a “nominal counterparty” in the deal, meaning he was not deeply involved in the process.

Zhao’s submission also described the relationship between FTX and Binance as only temporary. They ended their partnership due to personal disagreements, after which Binance’s equity in Bankman-Fried’s business was exchanged for cryptocurrency.

The crypto entrepreneur claims the lawsuit unfairly blames him and Binance for the collapse of FTX, which he described came about as a result of SBF’s misconduct. He also argued that serving legal papers through U.S.-based lawyers is not valid under bankruptcy law when the defendant lives abroad. His team says the trust is trying to stretch its claims beyond U.S. borders in ways that are not supported by the law. They say the fraud claims do not meet the standards required for protection under federal rules tied to securities contracts.

Former Binance Executives Also Seeking Dismissal

This development follows similar motions filed last month by former Binance executives Samuel Wenjun Lim and Dinghua Xiao, who are also named in the FTX suit and are seeking to be removed from the case.

CZ completed a four-month prison sentence in September last year after pleading guilty to U.S. anti-money-laundering violations. Meanwhile, Sam Bankman-Fried is serving 25 years for fraud and conspiracy.

Elsewhere, the defunct exchange announced it will start distributing the next batch of creditor claims on September 30. As of August 2025, it has returned approximately $6.2 billion to former customers across two major rounds.

The post Binance Co-Founder CZ Moves to Dismiss $1.8B FTX Lawsuit (Report) appeared first on CryptoPotato.

TL;DR

• SEI trades near support as price drops 9% this week; volume stays above $200 million.
• Analyst compares SEI to SUI’s pre-rally setup, forecasting a sharp move toward $4 soon.
• Futures market heats up near $0.30 while Sei network TVL climbs to $604 million.

SEI Declines After Pullback, Now Trading Below $0.29

Sei (SEI) is trading at around $0.29 after falling 3% over the past day and 9% over the past week. Daily trading volume came in close to $209 million, showing that traders remain active even as the token moves lower.

SEI has seen steady selling pressure in recent sessions, moving away from the $0.30 level. Technical tools now place the token near its short-term support. Analysts are watching this area for signs of a possible reversal.

Analyst Sees Bullish Setup Similar to SUI

Crypto analyst Ali Martinez shared a comparison between SEI and SUI, pointing out a similar structure. According to the chart, SEI may be following the same path SUI did before its rally above $5. 

“This could be the very last dip before a monster bull rally to $4,” Ali posted on X.

Buy the dip! https://t.co/luEyY5nAHx

— Ali (@ali_charts) August 6, 2025

Interestingly, the current price of SEI sits below the 0.382 Fibonacci level, while the chart shows SUI had bounced from the 0.236 level in a similar setup. 

If SEI follows this structure, future levels of interest include $0.95, $1.38, $2.12, and $3.05. Price movement above these zones would require strong momentum and volume support.

Sei is also seeing higher network activity. Data shared by Crypto Rand shows that SEI recently passed SUI in daily transactions. This shift in user activity points to steady growth across the Sei blockchain and may reflect stronger demand for its features at this stage.

Indicators Show Mixed Signals Amid Consolidation

On the 4-hour chart, Bollinger Bands show SEI moving inside a narrow range. The current price is near the middle band, which sits at $0.29. The bands are not widening or tightening, suggesting a lack of strong momentum in either direction.

In addition, the Relative Strength Index (RSI) is now at 46. This is slightly below the midpoint of 50 and signals weak momentum. It is not in oversold territory, but also not showing much buying strength.

Futures Market Activity and Network Growth

CryptoQuant’s bubble map shows growing volume in SEI futures. Recent data marks several overheating zones near the $0.30 level. While increased activity can lead to rallies, overheating can also trigger short-term corrections if volume comes from leveraged trades.

Meanwhile, Sei recorded over $604 million in total value locked, up 7% in the past 24 hours, according to Defi Llama. The network has also integrated native USDC and Circle’s Cross-Chain Transfer Protocol V2 (CCTP), aiming to improve liquidity and transfer efficiency.

The post SEI Tanks 9% Weekly, but Analyst Predicts 1,300% Price Surge appeared first on CryptoPotato.

Ethereum co-founder Vitalik Buterin and developer Anders Elowsson have introduced EIP-7999, a proposal to overhaul the network’s fee structure by unifying multiple resource costs under a single maximum fee.

The move aims to simplify transaction pricing while improving capital efficiency, addressing long-standing concerns about Ethereum’s complex fee market design.

A Unified Approach to Ethereum’s Fee Market

EIP-7999 seeks to replace Ethereum’s current multi-layered fee system, where users set separate fees for gas and blob data, with a single max_fee parameter. This change would allow them to specify one aggregate fee covering all transaction resources, including computation, storage, and data blobs.

The protocol would then dynamically allocate this total fee pool to cover the actual costs incurred across the different resource dimensions, reducing the risk of failed transactions due to misallocated budgets.

Buterin’s suggestion builds on earlier work such as EIP‑7706, multidimensional gas proposals, and normalization mechanisms like EIP‑7742 and EIP‑7918. Calldata will be the first resource targeted for integration, with the potential to expand to other EVM dimensions later on. The goal is to improve fee predictability, reduce cognitive load on users, and allocate capital more efficiently across resources.

It also follows the co-founder’s earlier push for a 16.7 million gas cap per transaction (EIP-7983), signaling a broader effort to refine Ethereum’s economic model as adoption grows. Developers argue this shift will enhance user experience, as most participants think in terms of total ETH costs rather than individual resource prices.

Market Impact and Future Implications

Meanwhile, at the market, ETH has bled some value recently, dipping slightly by 0.3% in 24 hours and a more noticeable 4.1% over seven days. However, it remains resilient across longer timeframes, being up nearly 42% in the last month and 46.4% year-over-year.

The introduction of EIP-7999 could further influence sentiment, particularly if it leads to lower transaction costs or smoother fee estimation.

Beyond immediate UX improvements, the proposal lines up with Ethereum’s long-term scaling goals. By decoupling resource pricing, developers can gain finer control over network constraints, such as state growth and computation limits, without sacrificing decentralization.

If adopted, EIP-7999 could lead to more sophisticated fee structures, supporting Ethereum’s evolution as a multi-dimensional execution layer. For now, it remains under discussion, with developers weighing its technical and economic trade-offs.

The post Vitalik Buterin, Anders Elowsson Propose EIP-7999 for Ethereum Fee Overhaul appeared first on CryptoPotato.