Author: James Wilson

Nigel Farage has resigned as a Member of Parliament after confirming he will seek re-election in a by-election while facing scrutiny over multimillion-dollar gifts from figures linked to the crypto industry. Summary Nigel Farage has resigned as MP and will contest a Clacton by-election while parliamentary investigations continue. Farage denies wrongdoing over multimillion-dollar gifts linked to crypto figures Christopher Harborne and George Cottrell. The controversy comes as crypto-related political funding faces growing scrutiny in both the UK and the US. According to statements Farage made during an X livestream on Tuesday, the Reform UK leader stepped down as the MP…

Mizuho has lowered its price target for Strategy while maintaining an outperform rating, signaling that it still expects MSTR shares to climb above the $200 level despite the company’s recent Bitcoin sale. Summary Mizuho cut its MSTR price target to $213 but kept an outperform rating, still expecting shares to trade above $200. The revised target follows Strategy’s $216 million Bitcoin sale, which left the company holding 843,775 BTC and $2.55 billion in cash reserves. Grayscale Research and several market commentators said the sale could strengthen Strategy’s finances and improve its S&P 500 inclusion prospects. Mizuho reduced its price target…

Elon Musk’s SpaceX has secured fresh buy ratings from several major Wall Street banks, with Morgan Stanley assigning a base-case price target of $300 as the stock prepares to join the Nasdaq-100 Index. Summary Morgan Stanley leads fresh Wall Street buy calls with a $300 base-case and $600 bull-case target for SpaceX. JPMorgan estimates Nasdaq-100 inclusion could trigger about $4.3 billion in passive fund buying. SpaceX shares eased before the index debut despite bullish analyst ratings and strong institutional interest. According to research notes released by Morgan Stanley, Goldman Sachs, Citigroup, and other investment banks, analysts expect further gains for…

Tether has invested $20 million in Mercado Bitcoin to support the Brazilian company’s expansion across tokenized assets, blockchain payments, lending, and on-chain capital markets. Summary Tether has invested $20 million in Mercado Bitcoin to expand tokenized assets, blockchain payments, lending, and capital markets. Mercado Bitcoin plans to use the funding to grow its payments infrastructure, tokenization business, and international presence. The investment comes as Tether continues expanding beyond USDT, including its upcoming Bitcoin-native USDT launch via RGB. According to a July 7 announcement from Tether on Tuesday, the investment forms part of a strategic growth financing round for Mercado Bitcoin,…

Blockchains cannot talk to each other on their own. Bridges are the software that moves value between them, and they have leaked more money to hackers than any other kind of crypto infrastructure, billions across a handful of catastrophic breaches. Here is how bridges actually work, the different trust models behind them, and why the connective tissue of crypto is also its most dangerous single point of failure. Summary Cross chain bridges move assets and data between separate blockchains by locking, burning, or swapping tokens through different trust models. The security of a bridge depends largely on how it verifies…

Staking locks your crypto and earns yield. Liquid staking hands you a tradeable receipt for that locked position, so the same capital can earn twice. It is one of DeFi’s largest markets, and it comes with a specific danger most guides skip: the receipt can trade below what it represents. Here is how liquid staking tokens work, and where the risk actually lives. Summary Liquid staking tokens let users keep earning staking rewards while using a tradeable token across DeFi without unlocking the original assets. The biggest risk comes when liquid staking tokens trade below the value of the assets…

Vitalik Buterin says almost every major piece of Ethereum will be replaced over the next three to four years: the cryptography, the execution engine, the storage model, the verification itself. The plan lands with ether down 60 percent from its peak and the Foundation fresh off cutting a fifth of its staff. This is the most ambitious bet in crypto, made from the weakest position Ethereum has occupied in years. Summary Lean Ethereum would replace core parts of the protocol while keeping existing applications running. Recursive STARKs sit at the center of Ethereum’s proposed shift from re-execution to proof-based verification.…

The sheriffs and police chiefs say the crypto bill blinds investigators. The first major law enforcement group to endorse it says the opposite: more tools, nothing lost. With seven Democratic votes deciding whether CLARITY passes before the August recess, the fight that matters is no longer between crypto and its critics. It is between cops. Summary The CLARITY Act’s fate may depend on seven Democratic votes before the August recess. Law enforcement groups are split over whether the bill weakens or strengthens crypto investigations. Section 604 is the core flashpoint because it shields non-custodial software developers from money-transmitter rules. NOBLE’s…

Naver Financial has postponed the completion of its all-stock share swap with Dunamu for a second time, extending the closing date to Dec. 31 as regulatory approvals remain pending. Summary Naver Financial and Dunamu have delayed their planned share swap for a second time, with completion now expected on Dec. 31. The deal remains subject to multiple regulatory approvals and could face further delays or cancellation if those processes are not completed. Dunamu said South Korea’s proposed Digital Asset Basic Act could still influence the structure or outcome of the transaction. According to a regulatory filing disclosed by Dunamu, the…

AVAX One Technology has started a search for a permanent chief executive after Jolie Kahn resigned as CEO.  Summary AVAX One is searching for a permanent CEO after Jolie Kahn left the company. Pete Wylie will lead as interim CEO while also staying chief operating officer. Weak AVAX prices keep pressure on public companies tied to Avalanche treasury strategies. The company said Kahn left the role effective immediately, while Chief Operating Officer Pete Wylie will serve as interim CEO. Wylie will continue to serve as COO while leading the company during the search. AVAX One said its board has retained…