Author: James Wilson

Aave has reserves of Ethereum, and they’re thinning fast. The culprit, according to Marc Zeller, a contributor on Aave, is Justin Sun. Why? Unpredictable outflows are straining the protocol’s stability with little regard for the broader impact—and there’s little anyone can do to stop it. Summary Aave saw over $1.7 billion in ETH withdrawals this week, largely tied to wallets linked to Justin Sun and HTX, triggering a liquidity crunch and interest rate spike. Marc Zeller, Aave contributor, compares Sun’s moves to “grocery shopping,” highlighting DeFi’s vulnerability to uncoordinated whale actions. Simultaneously, Ethereum’s validator exit queue surged past 625,000 ETH…

VERT, a Brazil-based capital markets firm, has joined the growing trend of companies looking to tap into tokenization with a new solution on XRP Ledger. The fund management firm’s move comes as Wall Street giants such as Goldman Sachs, BNY and JPMorgan a tokenized assets market that has attracted products from fund behemoths like BlackRock, Fidelity and Franklin Templeton. XRP Ledger is powered by the XRP (XRP) token. Why is VERT’s move important? VERT’s blockchain-based platform on the XRPL will focus on the issuance and management of private credit operations. Ripple expands its reach in LATAM with this initiative. According to…

Nature’s Miracle became the first firm to hold XRP as a core treasury asset, and not just as a test. Summary Nature’s Miracle adopts XRP as its treasury reserve. The company will acquire up to $20M in XRP Funding will come from an equity sale to GHS Investments XRP (XRP) has gained significant recognition from the corporate sector. On Wednesday, July 23, Nature’s Miracle Holding Inc. announced the establishment of a corporate XRP treasury with up to $20 million in assets. The company will fund this acquisition through equity financing from GHS Investments, based on a Form S-1 registration that…

Stocks rallied in early-morning trading on Wednesday, with the Dow Jones Industrial Average adding more than 200 points at the open. Investors appeared to welcome President Donald Trump’s announcement that the U.S. had reached a trade deal with Japan. The Dow Jones Industrial Average rose nearly 240 points, and the S&P 500 inched higher by 0.4% to extend gains at its record highs. Optimism of potentially more trade agreements ahead of Trump’s Aug. 1 tariffs deadline also saw the Nasdaq Composite edge up, adding a modest 0.16% in early trading. ‘Never been anything like it,’ Trump boasts With corporate earnings,…

Has Russia turned Kyrgyzstan’s booming crypto market into a backdoor for moving funds? A new report sheds light on how Kyrgyz-registered exchanges are helping Russian networks evade sanctions. Summary TRM Labs says Kyrgyzstan-based crypto exchanges are helping Russian networks to reroute funds. Kyrgyzstan’s crypto industry is thriving with billions in transactions, but weak oversight leaves it vulnerable to misuse. The Russian ruble-backed stablecoin A7A5 and shell VASPs tied to sanctioned groups are at the center of this growing sanctions evasion network. According to TRM Labs, Kyrgyzstan’s crypto industry has exploded from near-zero to billions in activity since passing its “On…

Artificial Intelligence Alliance’s FET token is showing signs of strength as it tests a critical resistance zone after a period of accumulation, setting sighs on the $1 target. Summary FET price has formed a strong accumulation base between $0.56 and $0.90, now testing key resistance near $0.85-$0.90 Technical indicators support a potential breakout toward psychological $1.00 mark Smart money appears to be accumulating FET ahead of major product launches within the ASI Alliance ecosystem Artificial Intelligence Alliance (FET) token has spent several weeks in a tight range after bottoming out at $0.56 on June 22, forming what appears to be an…

PENGU is gaining strong momentum, surging nearly 50% from its recent breakout and overtaking Polygon to climb to the 43rd spot in market cap rankings. Summary PENGU price extended its rally and is now just 17% below its all-time high. The token has overtaken Polygon in market cap rankings. Recent 24-hour rally was fueled by its Gemini listing. An SEC review is currently underway on Canary Spot PENGU ETF. The rally may pause for consolidation as the token shows signs of short-term overbought conditions. Pudgy Penguins (PENGU) price continues its strong upward momentum, reaching a peak of $0.047 yesterday and…

ONDO, the native token of the decentralized finance protocol Ondo Finance, is getting fresh enthusiasm after a new ETF filing put it in the spotlight. Summary ONDO jumped 8% after 21Shares filed for a spot ONDO ETF with the SEC, triggering heavy trading and a 13% intraday swing. The 21Shares Ondo Trust will hold ONDO directly, using Coinbase Custody and tracking the CME CF Ondo Finance-Dollar Reference Rate. ONDO is up 20% this week and 65% in the past month, with the ETF filing adding fresh momentum to its bullish trend. On July 22, 2025, 21Shares submitted an S-1 registration…

BitMine has secured a major capital infusion from ARK Invest, which has acquired $182 million worth of BitMine equity across multiple ARK funds. According to a July 22 statement, the deal involved 4.77 million shares purchased via a block trade linked to BitMine’s ongoing at-the-market program. The company stated it plans to deploy 100% of the $177 million in net proceeds to purchase Ethereum (ETH). The move expands ARK Invest’s exposure to crypto-native stocks, aligning with CEO Cathie Wood’s prior investments in Bitcoin (BTC), artificial intelligence, and blockchain infrastructure companies. BitMine’s chairman, Tom Lee of Fundstrat, called Wood’s participation a…

As AI shifts from text to robotics, the battle for training data is entering a new phase. Poseidon, backed by a16z, is positioning itself as the arbiter of this next-gen data economy, where provenance and licensing are non-negotiable. On July 22, Poseidon, the AI-focused decentralized data layer built on Story Protocol, announced a $15 million seed round led by Andreessen Horowitz’s crypto arm, with participation from key industry backers. Incubated by Story and co-founded by AI researcher Sandeep Chinchali and engineer Sarick Shah, Poseidon enters the market with a clear mission: to unlock, structure, and license real-world data that next-generation…