Author: James Wilson

Official Trump’s team has transferred about $16.91 million in TRUMP tokens to Fireblocks custody wallets as Senate negotiations over ethics rules in the CLARITY Act remain stalled. Summary 16.84 million TRUMP tokens were sent to three Fireblocks custody addresses, according to Arkham Intelligence. Arkham said the addresses had previously moved received TRUMP tokens onward to BitGo. Senate Democrats are resisting ethics provisions that leave enforcement solely with the Department of Justice. TRUMP has fallen about 98% from its January 2025 peak of $73.43, based on the supplied market data. TRUMP tokens move to Fireblocks custody wallets Arkham Intelligence reported that…

Bitcoin price has dipped under intense macro headwinds today, July 25, as the Nasdaq-100 index plunged to its lowest level since May 5 over escalating concerns regarding heavy artificial intelligence spending by tech giants. Summary Bitcoin price slid 2.49% to $64,017 as tech-driven Nasdaq liquidations and 4.71% Treasury yields triggered defensive profit-taking. Spot BTC ETFs posted their worst inflows in three weeks, drawing just $33 million as buyers pivoted to bonds. BTC is actively testing vital 4-hour ascending trendline support; losing this slope exposes the psychological $60,000 floor. At the time of writing, the leading cryptocurrency trades at $64,017.51, representing…

Senate Majority Leader John Thune plans to push the CLARITY Act toward a floor vote before the August recess, potentially forcing senators to publicly declare their positions even if the crypto market structure bill cannot overcome a filibuster. Summary Thune wants a Senate vote before the August recess, despite uncertainty over the required 60 votes. Republicans need about seven Democratic votes if all 53 GOP senators support cloture. A revised draft includes temporary ethics restrictions on digital asset activity by senior federal officials. Polymarket traders place the bill’s chance of becoming law in 2026 at about 33%. Thune wants senators…

BEAT has gained 32.1% in seven days before an Aug. 1 release that will place the token at the center of $77.07 million in scheduled BEAT, EIGEN and ZETA unlocks. Summary $67.78 million in BEAT will unlock on Aug. 1, equal to 6.87% of circulation. EIGEN has fallen 12.6% before a $7.87 million release for investors and contributors. ZETA has lost 9% as 44.43 million tokens prepare to enter circulation. All three unlocks land Aug. 1, with recipient transfers set to determine immediate selling pressure. RootData reported that Audiera will release 21.25 million BEAT at 9 a.m. Beijing time, valuing…

Chinese courts have sentenced five Sifang payment platform operators to between three and six years in prison over a gambling network that processed more than 2.95 billion yuan, or about $428 million, through USDT, bank cards and third-party payment accounts. Summary Chinese courts sentenced five Sifang operators to between three and six years. The network processed about $428 million through USDT, bank cards and payment accounts. Investigators used Tether wallet data and OKX records to trace crypto transactions. The Paper reported that the Intermediate People’s Court of Xilin Gol League in Inner Mongolia upheld Ma’s conviction for illegal business operations…

India’s cybercrime authority has ordered GitHub to remove three repositories linked to Jack Dorsey’s Bitchat messaging app within three hours. Summary India ordered GitHub to remove three Bitchat repositories within a three-hour deadline. I4C cited surveillance risks linked to Bitchat’s anonymous, offline Bluetooth mesh network. Digital rights groups challenged the order’s legality and called it unconstitutional. According to a July 23 notice shared by Dorsey on X, the Indian Cyber Crime Coordination Centre directed the Microsoft-owned platform to disable access to Bitchat’s open-source code, Android application and release files. I4C operates under India’s Ministry of Home Affairs. The notice, numbered…

Robinhood Chain token launch platform Memecoin.Fun has raised $3.5 million in strategic funding as the network’s decentralized exchanges approach $9 billion in cumulative trading volume. Summary Memecoin.Fun raised $3.5 million in strategic financing led by Becker Ventures. Funding will support launchpad infrastructure, cross-chain bridges, and a multichain memecoin platform. Robinhood Chain’s growing activity is increasing competition among token issuance platforms. According to an official announcement from Memecoin.Fun, Becker Ventures led the financing, while BitValue Capital, Mason Labs, Negentropy Capital, and angel investor Billy Wen also participated. The platform completed the transaction through the USDG token, although the announcement did not…

Strategy’s STRC preferred stock has become the largest holding in three major U.S. preferred stock ETFs, which collectively own $756 million of the security even as its price remains about 13% below its $100 par value. Summary STRC has become the largest holding in three major preferred stock ETFs with $756 million invested. Institutional holdings have risen 105% as retail ownership fell from 78% to 71%. Strategy plans to issue more STRC and buy Bitcoin once the stock returns to $100. Michael Saylor, Strategy’s co-founder and executive chairman, disclosed that STRC now leads the portfolios of BlackRock’s iShares Preferred and…

Strive’s SATA preferred shares have recovered nearly 16% from their June low to about $97, prompting Jan3 CEO Samson Mow to predict that the rebound could help Strategy’s STRC return to its $100 par value. Summary Strive’s SATA has rebounded nearly 16% from its June low to about $97. Samson Mow expects SATA’s recovery to help Strategy’s STRC return toward its $100 par value. Three major U.S. preferred stock ETFs collectively hold $756 million worth of STRC. Yahoo Finance data show SATA has climbed from $83.30 and now trades within roughly 3% of the level it was designed to track.…

The US House of Representatives has passed a congressional stock-trading ban by a 232-198 vote, sending the measure to the Senate despite criticism that it leaves existing holdings untouched. Summary The House passed the Stop Insider Trading Act in a 232-198 vote. Elizabeth Warren criticized loopholes allowing lawmakers to retain and sell existing stocks. Bryan Steil has proposed similar restrictions for congressional prediction-market wagers. According to a statement from Representative Bryan Steil’s office, the House approved the Stop Insider Trading Act on Wednesday, July 22. The Wisconsin Republican introduced the legislation in January and urged senators to send it to…