Author: James Wilson

Bitcoin price fell below $63,000 on Friday as a short-lived rebound in Asian semiconductor stocks faded, adding pressure as the cryptocurrency entered its historically weak August trading period. Summary Bitcoin price dropped 3% in 24 hours, extending its weekly loss to about 2%. Samsung and SK Hynix surrendered momentum after surging roughly 25% on Thursday. Bitcoin’s median August return stands near negative 8%, placing $58,000 in focus. The Crypto Fear & Greed Index fell to 25, signaling “Extreme Fear.” Bitcoin price falls below $63K as risk assets weaken Bitcoin traded below $63,000 after losing approximately 3% over the previous 24…

Tether generated approximately $1.5 billion in net operating profit during the second quarter of 2026 as returns from US Treasury holdings and repo operations supported its earnings. Summary Tether recorded about $1.5 billion in quarterly operating profit, according to its BDO attestation. USDT supply reached approximately $184.6 billion, representing over 60% of the stablecoin market. The company reported $187.7 billion in assets and about $4.1 billion in excess reserves. Tether reduced secured loans by $2.4 billion while adding 14 tons to its gold holdings. Tether reports $4.1B in excess reserves Tether’s total assets stood at approximately $187.7 billion at the…

The largest tokenized securities platform cleared its SEC probe, secured FINRA authorization, and put BlackRock’s IVV onchain. Now it is shopping for a target worth up to half a billion dollars while the market it helped build outgrows it. Summary Ondo Finance is exploring an acquisition valued between $250 million and $500 million to expand into wealthtech and adjacent financial sectors, though no formal advisers have been appointed and no target has been identified. The company’s SEC-registered broker-dealer subsidiary received additional FINRA authorizations in July 2026, covering tokenized corporate equities, ETFs, and other investment products. Ondo debuted the SEC’s third-party…

Pump.fun reportedly dismissed employees shortly before their PUMP token grants were scheduled to vest, leaving at least one former worker without an allocation now valued at seven figures. Summary Employees were reportedly dismissed weeks before 25% of their PUMP grants vested. One former employee allegedly lost a token allocation now worth seven figures. Separate claims said 40 workers were cut one day before another vesting date. PUMP trades near $0.002, about 77% below its September 2025 peak. Pump.fun layoffs preceded employee token vesting Pump.fun reduced its workforce in late March and early April after rapidly expanding its operations, according to…

Uniswap has launched Earn, a self-custodial lending product that allows users to deposit USDC, USDT, and ETH into Morpho vaults without leaving its app. Summary Earn is live on the Ethereum mainnet through the Uniswap Web App and Wallet. Deposits enter Morpho lending vaults curated by Gauntlet, where borrower interest generates user yield. Uniswap charges no additional Earn fee, although users must pay Ethereum network costs. UNI traded near $4.30, down about 2.8% over 24 hours but up 12% for the week. Uniswap Earn supports USDC, USDT and ETH Earn is available through the Uniswap Web App and Wallet, extending…

CLARITY Act passage odds have fallen to 25% as the White House reviews a bipartisan ethics proposal that could determine whether the Senate takes up the crypto market structure bill before its August recess. Summary Polymarket traders give the CLARITY Act a 25% chance of becoming law in 2026. Anthony Scaramucci expects President Donald Trump to approve the bipartisan ethics proposal. Sens. Thom Tillis and Ruben Gallego reportedly submitted the compromise language to the White House. Senate leaders have not confirmed the timing of any floor action. Scaramucci expects Trump to approve ethics deal SkyBridge Capital founder Anthony Scaramucci said…

Bitcoin price fell below $64,000 on July 31 as renewed U.S.–Iran tensions lifted oil prices and strengthened the dollar, while its 4-hour chart formed a bearish rounded-top structure. Summary Bitcoin price fell as low as $62,466, extending its rejection from the $65,000 area. A rounded-top breakdown points toward $59,000 if support near $62,000 fails. Iran reportedly attacked two tankers under U.S. escort in the Strait of Hormuz. Oversold momentum and concentrated liquidity near $62,000 could produce a short-term rebound. Bitcoin price falls below key moving averages According to data from crypto.news, Bitcoin (BTC) price dropped as much as 3.6% from…

Coinbase stock extended its post-earnings sell-off on Friday, falling more than 12% as weaker trading revenue and a $359 million quarterly loss raised concerns about the exchange’s near-term growth. Summary COIN fell 12.11% to $143.77, extending an initial 5.12% premarket decline. Second-quarter revenue reached $1.22 billion, below Wall Street’s $1.29 billion estimate. The stock broke below its $149.38 lower Bollinger Band, while daily RSI dropped to 39.19. Coinbase is targeting stablecoins, Base and prediction markets to reduce its dependence on trading fees. Coinbase stock extends its post-earnings decline Coinbase shares opened under heavy selling pressure after the company reported weaker-than-expected…

Circle has secured a New York trust charter to expand its state regulatory footprint. Summary Circle has received a New York trust charter from the NYDFS for Circle New York Trust. The approval follows Circle’s recent federal trust bank authorization from the U.S. OCC under a separate regulatory framework. Circle said the charter strengthens oversight for its USDC business and extends its decade long relationship with the NYDFS. According to an announcement from Circle on Friday, the stablecoin issuer has received a limited-purpose trust charter from the New York Department of Financial Services for Circle Internet Trust Company LLC, doing…

Shiba Inu price surrendered much of its 40% breakout after sellers rejected the meme coin near $0.0000058, leaving bulls to defend a newly established support zone around $0.0000045. Summary SHIB price surged nearly 40% before retreating to approximately $0.0000047. Daily ADX climbed to 31.03, confirming that volatility has developed into a stronger directional trend. The 4-hour chart places immediate support between $0.00000444 and $0.00000466. Liquidation data shows dense leverage near $0.0000045, raising the risk of another volatility spike. SHIB price rally loses momentum According to data from crypto.news, SHIB price traded near $0.00000468 on July 31 after its vertical rally…