Day: August 8, 2025

DeFi Soars with Tokenized Stocks, But User Activity Shifts to NFTs

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Locked liquidity on decentralized finance (DeFi) applications reached a record $270 billion in July, partly driven by tokenized stocks growth.  DappRadar’s data shows the total value locked (TVL) in DeFi protocols jumped 30% month-over-month, while active wallets for tokenized stocks soared from roughly 1,600 to more than 90,000, pushing their market cap up 220%. Meanwhile, NFT trading volumes jumped 96% to $530 million during the month. The average NFT price also doubled to around $105 as more users engaged with the market. Related: OpenSea expands to mobile with Rally deal, eyes…

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Harvard Endowment Invests $116M Into BlackRock Bitcoin ETF

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Harvard Management Company, the entity responsible for managing the university’s $53-billion endowment fund, has reported a multimillion-dollar investment in BlackRock’s Bitcoin exchange-traded fund (ETF). In a Friday filing with the US Securities and Exchange Commission (SEC), Harvard disclosed holding about 1.9 million shares of the iShares Bitcoin (BTC) ETF as of June 30. The BTC exposure was valued at more than $116 million, making it the fund’s fifth-largest investment for the period after Microsoft, Amazon, travel technology company Booking Holdings, and Meta.  Harvard reported its endowment fund was $53.2 billion…

CleanSpark Faces $185 Million Tariff Dispute Over Chinese Bitcoin Mining Rigs

Key Notes Multiple US Bitcoin miners including IREN face similar customs disputes totaling hundreds of millions in potential tariff liabilities. CleanSpark’s stock declined over 5% despite reporting strong Q3 results with $198.6 million revenue and $257.4 million net income. Industry-wide scrutiny prompts Bitmain to consider US manufacturing facility as mining companies reassess supply chain strategies. The US public bitcoin mining company CleanSpark Inc. (NASDAQ: CLSK) is confronting a potential tariff liability of up to $185 million after the US Customs and Border Protection (CBP) alleged that the company’s Bitcoin mining…

Ethereum (ETH) Surges Above $4,050 as RSI Strengthens, Bulls Target $4,350

Key Notes Sharplink Gaming’s institutional backing validates Ethereum as a preferred corporate reserve asset for treasury diversification strategies. ETH’s technical breakout above Bollinger upper band suggests continued momentum toward the $4,100-$4,350 resistance zone ahead. Rising institutional adoption creates favorable conditions for sustained price appreciation despite RSI approaching overbought levels. Ethereum shattered the $4,050 resistance level on August 8, marking its highest price point since December 2024 as the digital asset posted a solid 6% daily rally. The ETH price rally was initially triggered on August 7 by a significant announcement…

This XRP Signal Consistently Foreshadows Price Jumps: Analytics Firm

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On-chain analytics firm Santiment has pointed out how utility spikes on the XRP network tend to precede bullish price action in the asset’s price. XRP Network Activity Lit Up Before The Latest Price Surge In a new post on X, Santiment has discussed about some network activity-related indicators for XRP. The metrics in question are the Transaction Volume and Circulation. The first of these, the Transaction Volume, measures the total amount of the cryptocurrency that’s becoming involved in transfers on the blockchain every day. While this metric does provide a…

ChatGPT-5 Upgrade Faces User Backlash as AI Rivals Gain Ground

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ChatGPT users flooded social media forums with negative comments about the platform’s latest model released on Thursday, saying the upgrade was overhyped by OpenAI CEO and co-founder Sam Altman. Users on Reddit criticized the company’s ChatGPT-5 model, saying it had a more restrictive rate limit and lacked the ability to switch to previous AI models, with some threatening to switch to competing AI platforms. Altman responded to the feedback in an X post: “We are going to double GPT-5 rate limits for ChatGPT Plus users as we finish rollout. We…

Chainlink Leads Crypto Top Gainers Amid Strategic Treasury Launch, Trump Tariff Relief

Key Notes LINK breaks above 20-day moving average at $17.02, targeting $20 resistance with RSI at comfortable 64.15 levels. The new Chainlink Reserve automatically converts enterprise payments into LINK tokens with over $1 million already accumulated. Chainlink LINK $19.59 24h volatility: 6.3% Market cap: $13.29 B Vol. 24h: $1.38 B emerged as the best-performing mega-cap cryptocurrency on Friday, Aug. 8, posting a 9% daily gain that pushed its price above $18.1 at press time. The surge comes after LINK price emerged as the top gainer among the 50 largest cryptocurrencies…

The Jury’s Journey To The Roman Storm Verdict

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A 12-person jury, including a member who celebrated her 90th birthday, deliberated this week in the complex case of Roman Storm, co-founder of Tornado Cash. They convicted Storm on one count of running an unlicensed money transmitting business, while remaining unable to reach a decision on other charges. According to court documents released on Thursday by Judge Katherine Failla, jurors in the Storm case sent several requests for information before declaring they were deadlocked on two of the charges. Among the letters to the judge were requests for transcripts of…