Author: boss

Cardano Crash Exposes ADA’s Deeper Problem, Says Longtime Bull

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Longtime Cardano supporter and crypto commentator Dan Gambardello said ADA’s steep decline has exposed deeper frustrations inside the Cardano ecosystem, even as he maintained that the project’s underlying technology remains among the strongest in crypto. In a lengthy post on X, Gambardello framed the issue as bigger than price alone. He argued that Cardano’s more than 80% drop from 2024 levels should be viewed in the context of a broader altcoin drawdown, not as proof that the network itself is failing. Still, he said the market weakness has intensified longstanding…

Bitcoin Surges 5% to $64K, Settles Near $62.5K as Trump Says Netanyahu Must Accept Iran Deal

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Key Takeaways Bitcoin reclaimed about $64,000, roughly 5% above its June 5 low near $59,100. However, just hours later, prices once again dipped below $63,000. Trump said a U.S.-Iran deal is “almost complete,” easing a risk that has pressured crypto since mid-May. A confirmed agreement could extend the rebound, while stalled talks risk a retest of the 2026 floor. Trump Says the Deal Is ‘Almost Complete’ The rally followed remarks in which Trump framed the agreement as a near-certainty and signaled he would push it through with or without Israel’s…

Arthur Hayes Dumps Worldcoin After Bullish AI Proxy Call

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Maelstrom co-founder Arthur Hayes said he sold his Worldcoin (WLD) holdings just days after his venture capital firm described it as one of the cleanest proxies for the AI investment play.  “This chart is going in the wrong direction,” said Hayes on X on Saturday, showing a chart for the SpaceX pre-IPO perpetual futures contract, which had fallen sharply. “Dumped WLD. I’m out. See y’all at the clerb,” he added. It was only on Wednesday that Maelstrom researcher Lukas Ruppert described Worldcoin as an “overlooked” bet on “AI mega IPOs,”…

Galaxy Digital Drops Odds of CLARITY Act Passing to 60%

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Crypto firm Galaxy Digital has lowered the odds of the Senate passing its crypto market structure bill before the end of the year, noting that the window for lawmakers to act on the bill is closing.  “On May 22, we raised our estimate of the probability that the CLARITY Act becomes law in 2026 to 75%, up from the 55% we published the morning of May 14’s Senate Banking markup, Galaxy’s head of research Alex Thorn said in a note on Friday. “We are now lowering that estimate to 60%.”…

Bitmine’s Ether Holdings Reach 5.54M ETH After Latest Purchase

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Bitmine Immersion Technologies increased its Ether holdings to 5.54 million ETH after acquiring nearly 127,000 tokens over the past week, bringing its treasury to 4.59% of Ethereum’s total supply. The company said it has now reached 92% of its stated goal of acquiring 5% of Ethereum’s total supply, a strategy it calls the “Alchemy of 5%.” It added that 4.72 million ETH (ETH), or about 85% of its holdings, are currently staked through validator infrastructure, worth roughly $7.7 billion at current prices. Bitmine projected $230 million in annualized staking revenue…

Bybit Launches tokenized IPO Access with SpaceX Debut

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Bybit is joining a growing list of crypto exchange platforms allowing eligible users to subscribe to tokenized shares in US initial public offerings at the offering price, beginning with a SpaceX listing through the xStocks framework. Kraken parent Payward Services’ xStocks framework aggregates investor demand across partner platforms and works with underwriting syndicates to secure IPO allocations before tokenizing the shares. Eligible users can register interest and submit subscription requests for tokenized IPO shares through Bybit, with allocations distributed on a pro-rata basis and unused funds refunded if demand exceeds…

MetaMask Unveils Self-Custodial Wallet for AI-powered DeFi Trading

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MetaMask launched a self-custodial cryptocurrency wallet that allows artificial intelligence agents to transact across decentralized finance protocols within user-defined spending and security controls. Users can connect the Agent Wallet to AI agent frameworks and authorize software agents to operate within protocol allowlists. The wallet is compatible with frameworks including OpenAI Codex, Claude Code, OpenClaw and Hermes, according to MetaMask. MetaMask said transactions initiated by AI agents are screened through transaction simulation, threat detection and MEV protection systems before execution. Transactions flagged as malicious or outside a user’s predefined rules require…

Strategy can survive Bitcoin at $30k, BTCTOP CEO says

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BTCTOP CEO Jiang Zhuoer has pushed back against fears that Strategy could become a major Bitcoin seller if the market falls further. Summary Jiang Zhuoer said Strategy has little reason to damage its “never selling Bitcoin” image. He argued a Bitcoin drop to $30,000 would keep Strategy’s leverage near manageable levels. The comments follow fresh concerns over STRC dividends, funding pressure, and Strategy’s Bitcoin sale. In a post on X, Jiang said he does not believe Strategy will “substantially net sell BTC.” He argued that the company still has a…

Judge pauses lawsuit involving 3.8 million Bitcoin held in dormant wallets

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A New York judge has halted proceedings in a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets, delaying any attempt to secure a default judgment before a July 14 court hearing. Summary A New York judge has paused a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets and blocked any move toward a default judgment before a July hearing. The complaint argues that abandoned property laws could apply to self-custodial Bitcoin wallets, including addresses linked to Satoshi-era holdings and the Mt. Gox hack. An attorney seeking to appear as amicus…

Bitcoin Trader Says Something Extremely Bad Is Coming Today, Here’s What

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Over the weekend, the Bitcoin price suffered a major crash, moving below $60,000 for the first time in this cycle. In contrast, there has been some recovery, with the price moving above $62,000 on Sunday, as investors moved back into the market. However, this recovery seems to only be a stop-gap for now because, according to one analyst, there is something bad coming Bitcoin’s way and it’s going to happen today. Is A Black Monday In The Cards? Analyst WhaleTwits on the X (formerly Twitter) platform has sounded the alarm…