Category: Analysis

Story Protocol Price Rallies 10% as Grayscale Launches IP Trust Fund

Key Notes Grayscale’s new Story Trust provides institutional investors direct access to IP tokens through a regulated investment vehicle. Technical analysis shows IP breaking $6.40 resistance with rising volume, targeting $6.90-$7.10 price levels ahead. The protocol focuses on programmable intellectual property licensing across AI and creator economy applications. Story Protocol IP $6.29 24h volatility: 5.8% Market cap: $1.86 B Vol. 24h: $114.47 M soared over 10% to hit $6.52 on July 31, extending its seven-day timeframe gains to the 30% mark. The latest Story protocol price uptick is linked to…

Tether Sets $4.9B Net Profit Record Q2 2025, Issuance Hits New Highs

Key Notes Record quarterly earnings of $4.9 billion demonstrate Tether’s dominant position in the expanding stablecoin market. Over $13.4 billion in new USDT tokens were issued during Q2, bringing total circulation above $157 billion globally. Strategic holdings include $127 billion in US Treasuries, positioning Tether among largest private government debt holders. Tether International announced on July 31 a net profit of approximately $4.9 billion for the second quarter of 2025, setting a new company record and highlighting its continued global expansion in the stablecoin sector. The company’s Q2 attestation, conducted…

Former OpenSea Manager Overturns Insider Trading Conviction on Appeal

Key Notes Appeals court ruled jury received incorrect instructions regarding property law requirements for fraud convictions. Chastain allegedly bought NFTs before featuring them on OpenSea’s homepage to profit from increased exposure and prices. Original sentence included three months jail time, house arrest, probation, community service and $50,000 fine plus asset forfeiture. Nathaniel Chastain, a former manager at the OpenSea non-fungible token (NFT) marketplace, had his convictions for alleged wire fraud and money laundering overturned on appeal in a July 31 decision by the US District Court for the Southern District…

SEC Chairman Atkins Launches “Project Crypto” to Put US Financial Markets on Blockchain

Key Notes “Project Crypto” will draft new securities rules for tokenized assets and eliminate legacy regulations to boost capital formation. Most crypto assets won’t be classified as securities, with bright-line rules differentiating NFTs, stablecoins, and investment contracts. The initiative includes custody modernization and safe harbors for airdrops, enabling US investors to participate in on-chain finance. On July 31, SEC Chairman Paul Atkins announced the launch of “Project Crypto,” a sweeping regulatory initiative designed to modernize securities law and bring US financial markets onto blockchain rails. Speaking at the America First…

VALR Becomes First African Crypto Exchange to Launch Tokenized US Stock Trading

Key Notes VALR becomes Africa’s first exchange to offer tokenized US stocks including Tesla, NVIDIA, and Coinbase through xStocks platform. The tokens provide 1:1 price exposure to real equities without ownership rights, tradeable against major cryptocurrencies and rand. CEO emphasizes breaking financial barriers for previously excluded African users seeking global investment opportunities. Africa’s largest crypto exchange by trade volume, VALR, has launched xStocks, a tokenized equities product allowing African users to gain exposure to US-listed companies. This landmark move makes VALR the first platform on the continent to integrate tokenized…

Visa Expands Stablecoin Integration With RLUSD Rivals

Key Notes Visa has partnered with Paxos to add USDG and PYUSD stablecoins for settlement. Stellar and Avalanche blockchains now support Visa’s stablecoin payments. Visa has introduced EURC, its first euro-backed stablecoin on the platform. American tech giant Visa Inc. is pushing further into the stablecoin payments niche. The company has added new support for USDG and Paypal USD (PYUSD) through a partnership with Paxos, offering more ways to settle transactions using digital dollars. This move is poised to increase the competition among stablecoin issuers in the United States. Visa…

Philippines Adopts Polygon to Safeguard Official Documents

Key Notes The Philippines has introduced a blockchain-powered document verification platform using the Polygon network. This occurred during a network outage linked to the Heimdall v2 mainnet update. The system uses non-fungible tokens (NFTs) to issue official financial documents. The Philippine government launched its new blockchain-based document verification system on Polygon MATIC $0.21 24h volatility: 3.3% Market cap: $303.32 M Vol. 24h: $1.63 M , coinciding with a brief network outage tied to the Heimdall v2 mainnet update. According to reports, the system was first tested in a sandbox setup…

CoinDCX Hack Explained: How $44M Was Stolen

Key Notes Bengaluru police says the hacker in CoinDCX heist disguised as a recruiter. As a result, 30-year-old Rahul Agarwal was swindled, serving as the attack conduit. Meanwhile, CoinDCX has refuted claims of a Coinbase buyout. Bengaluru police believe that they have identified the cause of the $44 million crypto heist that hit Indian cryptocurrency exchange CoinDCX. The exploit involved hackers posing as recruiters to commit the malicious act that left the crypto exchange with a significant financial loss. Coindcx staff role in $44 million hack The Indian police claim…

Hedera (HBAR) Explodes 8%: What’s Driving the Surge?

Key Notes The AUDD stablecoin on Hedera has joined RBA’s Project Acacia. HBAR breakout is also fueled by Robinhood listing, ETF momentum, and AI-RWA narratives. HBAR price is up 85% this month, gaining over $5.5.Billion in market cap. Hedera Hashgraph HBAR $0.26 24h volatility: 2.6% Market cap: $11.19 B Vol. 24h: $654.81 M has become the top crypto performer on Thursday with an 8% daily rally. At the time of writing, the cryptocurrency is trading around $0.275 with a market capitalization of $11.75 billion. The sudden surge follows a series…

Pi Network Adds Fiat Option to Ease Wallet Issues

Key Notes Even after adding TransFi as a new fiat on-ramp, the price remains weak with trading volume surging to $88 million, signaling bearish sentiment. Pi advocate Kim H Wong flagged two key problems: the lack of dApps enabling real-world utility, and locked tokens in wallets limiting usability. Pi token supply on centralized exchanges jumped nearly 10% in July, reaching 405 million. Following the Pi2Day event in late June, Pi Network’s native cryptocurrency Pi coin PI $0.41 24h volatility: 0.4% Market cap: $3.20 B Vol. 24h: $88.82 M has seen…