Key Notes The dispute follows a Bloomberg report revealing JPMorgan’s decision to charge fintech firms for accessing customer banking data. Cameron Winklevoss warned the policy could “bankrupt fintechs” that support crypto transactions. The crypto exchange and the banking giant have had a tense relationship since at least 2023. Tyler Winklevoss, the co-founder of crypto exchange Gemini, has recently slammed banking giant JPMorgan for preventing the crypto exchange from the onboarding process after his public criticism of the bank’s new data policy. In his post on July 25, Winklevoss called JPMorgan’s…
Category: Analysis
XRP Price Rebound as Wellgistics Eyes $50 Million
Key Notes Wellgistics Health secures $50 million in credit to build XRP reserves for treasury use. The firm files with the SEC to become the first U.S. healthcare company to use XRP. The XRP price is in a bullish mode, as massive utility sentiment triggers investor interest. Ripple Labs’ associated coin XRP is making headlines again. Wellgistics Health, Inc. (NASDAQ: WGRX) has taken a bold step by filing to adopt the coin as part of its treasury management. The company, based in Florida, plans to commit up to $50 million…
LIBRA Mastermind Admits To Memecoin Status In Fraud Trial
Key Notes Hayden Davis admitted that LIBRA was more of a memecoin than a serious business project during the fraud trial. $499,000 transferred from Davis’s wallet during a meeting with Argentine President Milei sparks suspicion. Large crypto transfers before and after the LIBRA launch raise questions about the token’s true purpose. Hayden Davis, the personality behind the controversial LIBRA memecoin scandal, has made a surprising statement in court. During a session in a New York court, he admitted that the token was not designed for any serious business use. Instead,…
What’s Behind the Massive $2.6 Billion in Ethereum Unstaking? Cathie Wood Explains
Key Notes The recent ETH unstaking surpassed the January 2024 Celsius-driven spike and has exit wait times as high as 12 days. Ark Invest CEO Cathie Wood attributes part of the withdrawals to institutional reallocation of staked ETH into digital asset treasury firms, such as SharpLink Gaming and Bitmine Technologies. According to staking provider Everstake, the surge in exits reflects a shift in validator strategies, such as restaking and optimizing returns. The Ethereum blockchain network is seeing massive unstaking activity from validators and long-term holders, which was partially the reason…
Elizabeth Warren Slams GENIUS Act: ‘Worse Than No Bill at All’ for Crypto Rules
Key Notes Warren argues the stablecoin bill prioritizes crypto industry profits over consumer protection and public safety. The senator compares the legislation to past derivatives deregulation that contributed to the 2008 financial crisis. She calls for Congress to close regulatory gaps before the new framework becomes fully operational. US Senator Elizabeth Warren has raised sharp criticism following the approval of the GENIUS Act, warning that the measure exposes ordinary Americans to new risks tied to the cryptocurrency sector. The GENIUS Act—short for “Guiding and Establishing National Innovation for U.S. Stablecoins”—passed…
Hedera Price Prediction: Robinhood Listing Propels HBAR Above Litecoin, Avalanche
Key Notes HBAR surged 13% following Robinhood listing announcement, outperforming broader crypto market decline of 3%. Hedera’s market capitalization jumped to $10.7 billion, surpassing both Avalanche and Litecoin in rankings. Technical analysis suggests potential $0.30 breakout target if price maintains support above $0.24 level. US-based trading giant Robinhood announced the listing of Hedera Hashgraph HBAR $0.25 24h volatility: 3.3% Market cap: $10.68 B Vol. 24h: $868.11 M on Friday, triggering an instant rally despite lukewarm market momentum. Following the Robinhood listing announcement, HBAR posted a 13% intraday rally to $0.28…
BlackRock Digital Assets Lead Moves to $1.3B Ethereum Holder SharpLink Gaming
Key Notes Joseph Chalom, architect of BlackRock’s $10B iShares Ethereum Trust, transitions to lead SharpLink’s Ethereum strategy. SharpLink has accumulated 360,807 ETH valued at $1.3 billion while generating 567 ETH through strategic staking operations. The appointment reinforces institutional confidence in Ethereum’s infrastructure for treasury management and decentralized finance. Joseph Chalom, the longtime digital assets lead at BlackRock, has been appointed Co-CEO of SharpLink Gaming, one of the world’s largest corporate holders of ETH, marking another major milestone in institutional adoption of Ethereum. Chalom’s appointment comes as SharpLink doubles down on…
Strategy Announces $2.47B Preferred Stock Offering for Massive Bitcoin Purchase
Key Notes The company upsized its offering to 28,011,111 shares of variable-rate perpetual preferred stock settling July 29th. Strategy currently holds 607,770 Bitcoin worth $70.4 billion at current market prices of $115,847 per coin. The new $STRC offering features a unique variable dividend starting at 9% annually with monthly adjustment rights. Michael Saylor’s Strategy (formerly MicroStrategy) announced pricing for its Stretch Perpetual Preferred Stock ($STRC) offering on July 25, and just a day after the IPO was announced on July 24, the firm will upsize the number of shares sold…
Vietnam Unveils National Blockchain for ID and Records
Key Notes Vietnam has launched a national blockchain for digital identity and records. The NDAChain has 49 validator nodes, which is overseen by a mix of public agencies and major corporations. The platform is expected to cater to the needs of both government and businesses. Vietnam is building the foundation of its digital future with the launch of a national blockchain platform, with the aim of safely managing identities, records, and government services across the country. On July 25, Vietnam revealed plans for a government-backed blockchain network designed to verify…
Dogecoin Price Rally Stalls, Key Breakout Catalyst to Watch
Key Notes There is optimism surrounding Dogecoin’s price performance as it approaches a bull run. DOGE price has plunged by 2.33% over the last 24 hours, with hopes of a rebound in view. Bit Origin’s Dogecoin treasury talks mark a key catalyst that may turbocharge gains. Analysts and market watchers believe that the price of Dogecoin DOGE $0.22 24h volatility: 8.2% Market cap: $33.59 B Vol. 24h: $10.94 B , the popular dog-themed cryptocurrency, is poised to reach a new high. This is not the current reality, especially since the…