Author: James Wilson
Pi Network price has fallen to $0.090 after its Protocol v25 launch triggered profit-taking, erased much of last week’s 39% rally, and returned sentiment to fear. Summary Pi Network price has retreated to $0.090 after sellers rejected the rally above $0.10. Futures open interest has fallen to $9.6 million as traders reduce leveraged exposure. A break below $0.0895 could expose support at $0.085 and $0.080. According to data from crypto.news, Pi Network (PI) price briefly reached $0.102 on July 20 after rebounding from its July 14 record low near $0.0704. Buyers failed to hold the token above $0.10, however, and…
Bitcoin price has fallen 1.4% from an intraday high of $66,300 to $65,368 as rising oil prices, renewed U.S.-Iran tensions, and regulatory uncertainty have pushed traders toward a more defensive stance. Summary Bitcoin price has retested $65,000 as rising oil prices and geopolitical tensions pressure risk assets. ETF inflows support demand, but 4-hour momentum has weakened below the $66,800 resistance. Losing $65,000 could expose liquidity near $64,500 before the $63,170 moving-average support. The decline erased part of Bitcoin’s recent recovery and brought the $65,000 support level back into focus. Selling accelerated after BTC failed to hold above $66,000, while the…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin-backed lending is regaining traction as investors seek liquidity without selling their holdings, supported by stronger custody and risk practices. Summary Bitcoin-backed lending rebounds in 2026 as Ledn leads platforms offering liquidity without selling crypto holdings. Ledn tops a 2026 ranking of Bitcoin-backed lending platforms as demand for crypto-backed loans continues to grow. Bitcoin holders increasingly turn to crypto-backed loans, with Ledn emerging as a leading lending platform in 2026. Bitcoin holders run into the same problem during every…
The Smarter Web Company has repaid its $11.7 million Smarter Convert instrument ahead of schedule by selling 177.89 Bitcoin, removing a potential 7.7 million-share issuance while retaining a treasury of 2,700 BTC. Summary The Smarter Web Company repaid its $11.7 million Smarter Convert instrument about two weeks before maturity by selling 177.89 Bitcoin. The early repayment removed the potential issuance of more than 7.7 million ordinary shares linked to the financing structure. The company continues to hold 2,700 Bitcoin and said convertible instruments are no longer its preferred source of capital. According to an official announcement from The Smarter Web…
Mirae Asset has completed its takeover of South Korean cryptocurrency exchange Korbit after securing regulatory approval, paving the way to raise its ownership stake to more than 97%. Summary Mirae Asset has completed its acquisition of Korbit and plans to raise its ownership stake to more than 97%. Korbit said its services, customer assets, and personal data handling will remain unchanged following the ownership change. The deal adds to a wave of investments by financial firms and global crypto companies in South Korea’s regulated digital asset market. According to an announcement from Korbit, Mirae Asset Consulting, an affiliate of Mirae…
Revolut has reached a $115 billion valuation through a new secondary share sale, extending a rapid rise in the private market value of the crypto-friendly digital bank. Summary Revolut reached a $115 billion valuation through an employee share sale priced at $2,017 each. Revolut reported $6 billion revenue and $2.3 billion pre-tax profit for 2025 amid global expansion. Revolut now serves over 75 million customers while expanding regulated banking and crypto services worldwide. The deal prices shares at $2,017 each and allows employees and other existing shareholders to sell stock, according to The Wall Street Journal. The transaction does not…
Kraken parent Payward has partnered with fintech infrastructure provider GTN to expand its xStocks tokenized equity platform beyond U.S.-listed stocks and exchange-traded funds. Summary Payward and GTN will take xStocks beyond U.S. equities, starting with Hong Kong-listed shares globally. GTN will provide execution, custody and record-keeping infrastructure across more than 90 international financial markets. xStocks has grown past 500 tokenized assets and $37 billion in transaction volume since launch. The companies will start with equities listed in Hong Kong before targeting the UK, Europe, South Korea and other markets. The expansion will depend on local regulatory approvals and licences, according…
Tesla has kept its 11,509 Bitcoin reserve unchanged while recording a $112 million after-tax loss on digital assets during the second quarter. Summary Tesla kept its 11,509 BTC reserve unchanged despite a $112 million after-tax loss. Bitcoin’s second-quarter decline reduced the reported value of Tesla’s digital assets. Tesla’s revenue beat expectations, but adjusted earnings and free cash flow disappointed. Tesla’s second-quarter shareholder update showed that the electric vehicle maker neither bought nor sold Bitcoin during the three months ended June 30. The decision extended a holding pattern that began after the company sold most of its original position in 2022.…
The UK Treasury has set Q1 2027 for its first tokenized sovereign bond transaction, but the project has remained dependent on finding a workable method to settle its cash leg on-chain. Summary The UK plans to issue its first tokenized sovereign bond by Q1 2027. Missing on-chain cash infrastructure remains the main barrier to institutional settlement. Regulators are exploring stablecoins, tokenized deposits and central bank money for payments. CoinDesk reported that the missing payment mechanism has held back institutional use of digital bonds for almost seven years, even as governments and financial firms have built platforms for issuing tokenized securities.…
S&P Dow Jones Indices and Pantera Capital have launched an 18-asset crypto index that excludes Bitcoin and ranks eligible blockchain networks by the protocol revenue generated during the previous two quarters. Summary S&P and Pantera launched an 18-asset crypto index based on protocol revenue. Bitcoin and XRP failed to qualify under the benchmark’s revenue-focused selection rules. Ether, BNB, Solana, TRON and Hyperliquid hold the five largest positions. According to a joint announcement from the companies, the S&P Pantera Digital Asset Index is designed to measure established network activity instead of relying only on token prices or market capitalization. The benchmark…