Category: Analysis

Grok Roasts Crypto Rover’s Giveaway after ETH Hits $3,750

Key Notes Crypto Rover’s ETH giveaway went awry as Grok declined to select a winner. The influencer promised to do a $1,000 giveaway in case ETH broke $3,750. The AI pointed out ZackXBT’s investigation from last year. Apparently, artificial intelligence “doesn’t forget” bad history, unlike the crypto community, on-chain sleuth ZachXBT wrote. Crypto Rover, a famous influencer within the digital asset community, wrote in an X post on Sunday, July 20, to give away $1,000 in Ethereum ETH $3 758 24h volatility: 3.2% Market cap: $453.33 B Vol. 24h: $54.52…

Bullish Exchange Files to Go Public in the United States

Key Notes Bullish Exchange has filed for a United States IPO, aiming for a NYSE listing under the ticker symbol BLSH. The exchange reported $80 million in net income for 2024, reflecting a strong performance amid the crypto market’s recovery. Bullish operates through licensed subsidiaries in six regions, with Hong Kong handling tech, custody, and trading services. Bullish, a digital asset exchange based in the Cayman Islands, has filed to go public in the United States. The company is seeking a listing on the New York Stock Exchange under the…

Jack Dorsey’s Bitcoin Firm Block Inc Joins S&P 500

Key Notes Fintech giant Block Inc has been added to the S&P 500 effective July 23. Block replaced US energy company Hess Corp on the S&P 500. Strategy may eventually be added to the S&P 500 Index, a move bolstered by epic Bitcoin bets. . Jack Dorsey’s financial services company, Block, Inc., has been added to the S&P 500, the benchmark index of the 500 largest US companies by market capitalization. It is replacing US energy company Hess Corp on the S&P 500. According to a statement published on July…

Tether Prepares to Bring USDT to the US As Trump Signs GENIUS Act

Key Notes Under the GENIUS Act, foreign stablecoin issuers must adhere to strict AML standards and undergo comprehensive reserve audits. While Tether has yet to complete a full audit, CEO Paolo Ardoino affirmed the company’s commitment to compliance. Ardoino said that they will use the three-year window to meet all regulatory requirements. US President Donald Trump signed the GENIUS Act into law on Friday, advancing three Crypto bills, including the CLARITY Act and anti-CBDC law. Following this development, USDT stablecoin issuer Tether noted that it plans to bring its stablecoin…

Robinhood Hits $100 Billion Record as US Passes Crypto Legislation

Key Notes The stock rally coincided with US House passage of two major crypto bills addressing market oversight and stablecoin regulation. Robinhood’s recent European launch of tokenized US stocks trading has fueled investor optimism about digital asset adoption. Market analysts warn that severe liquidity constraints in the $27 million tokenized equities market could limit widespread adoption. Robinhood (HOOD) stock briefly hit $112 on Friday, July 18, surging to a new record high and pushing the company’s market capitalization beyond the $100 billion threshold. The milestone marks a 38% gain over…

Charles Schwab to Launch Spot Bitcoin, Ethereum Trading and ‘Will Have a Stablecoin’

Key Notes The investment giant plans to offer direct spot Bitcoin and Ethereum trading, moving beyond current ETF-only access. Schwab’s CEO confirmed stablecoin development is under consideration as part of their digital asset expansion strategy. With 37 million active accounts and $10.76 trillion in assets, the firm’s crypto entry could disrupt established exchanges. Charles Schwab Corporation, a top US-based investment firm, signaled its intent to launch spot Bitcoin and Ethereum trading during a July 18 earnings call. The move to expand the company’s digital assets offerings, as first reported by…

dYdX Acquires Pocket Protector in Bold DeFi Expansion

Key Notes dYdX has made a strategic move with the acquisition of Pocket Protector. This is the first-ever external acquisition that dYdX will participate in. The acquisition of Pocket Protector suggests that the company’s performance has improved. Decentralized derivatives exchange dYdX has made a strategic move with the acquisition of Pocket Protector, a crypto social trading platform. This is the first-ever external acquisition that the Decentralized Finance (DeFi) protocol will embark on. dYdX and Pocket Protector Acquisition Highlight Following the acquisition of Pocket Protector, a significant percentage of its engineering…

Chainlink Hits Milestones; LINK Poised for 55% Rally

Key Notes LINK surged 7.5% in 24 hours to trade above $18.32, with trading volume spiking 70% to $1.45 billion. Chainlink Labs has joined the SEC Crypto Task Force to help define standards for compliant tokenized asset trading. Chainlink CEO Sergey Nazarov noted that the passing of the GENIUS Act would fuel global stablecoin growth and benefit LINK through increased demand for its proof-of-reserve. Chainlink’s native crypto LINK LINK $18.51 24h volatility: 11.6% Market cap: $12.56 B Vol. 24h: $1.23 B is up 7.5% in the last 24 hours, trading…

Cardano Open Interest Soars 14%, Is ADA Price to $1.2 Possible?

Key Notes According to Coinglass, Cardano’s Open Interest spiked 14% in the past 24 hours, climbing to $2.14 billion. The coin’s price is currently pegged at $0.8575, following a 4.45% spike over the last 24 hours. Analysts and market experts predict that the ADA price may hit $1.2 if the rally persists. All attention is on Cardano ADA $0.85 24h volatility: 12.9% Market cap: $30.79 B Vol. 24h: $2.65 B price as the altcoin reaches new highs amid the broader crypto market recovery. The coin has successfully climbed by 58%…

Trump Officials Ramp Up Crypto Investments as Key Bills Advance

Key Notes David Bailey’s hedge fund posts 640% gains after backing Bitcoin-heavy firms. Vice President JD Vance and seven Cabinet members disclosed over $2M in crypto. The house passed three landmark crypto bills during “Crypto Week”. A Washington Post report shows that around 70 officials in the Trump administration held crypto assets or investments in blockchain firms at the time of their appointments. This reflects how digital assets have become an important aspect of power in Washington. As per the report, these stakes ranged from small wallets to holdings exceeding…