Author: James Wilson

Sonic crypto has remained suppressed near its yearly lows after failing to reclaim key levels, with bearish momentum continuing to dominate. However, the chart structure suggests that if support holds and volume returns, a reversal could be in play. Over the past several weeks, Sonic (SONIC) has traded within a tight, compressed range near the $0.26 high time frame support level, a zone that previously served as a base for bullish momentum earlier in the cycle. Price action has consistently failed to reclaim the value area low, keeping the broader market structure skewed to the downside. Still, this prolonged consolidation…

Major U.S. stock indices were mixed, with the Dow Jones registering losses amid ongoing trade tensions. U.S. stocks were mixed on Tuesday, July 8, as renewed trade tensions weighed on market sentiment. The Dow Jones Industrial Average fell 108 points, or 0.24%, amid growing investor concerns over potential new tariffs. Meanwhile, both the S&P 500 and the tech-heavy Nasdaq Composite posted marginal gains, rising 0.08% and 0.18%, respectively. Dow Jones-listed banking and consumer-facing firms were among the hardest hit. JP Morgan dropped 3.5%, despite reports of potential expansion in Italy. Amazon declined 1.26%, while Walmart fell 1.57%, largely due to…

The days of manually reconciling financial reports may be numbered. The Cardano Foundation’s new Reeve platform aims to bridge legacy ERP systems with blockchain, offering CFOs something radical: a ledger that can’t lie, enforcing transparency where it’s needed most. On July 8, the Cardano Foundation unveiled Reeve, an enterprise-grade financial reporting platform designed to replace error-prone spreadsheets and opaque ledgers with an immutable, blockchain-backed record of truth. Built on the Cardano blockchain, Reeve targets corporations, NGOs, and government agencies in search of tamper-proof financial disclosures. The platform promises to automate compliance, reduce fraud risk, and streamline audits through cryptographic verification.…

After a recent ban on PancakeSwap, Turkish regulators may soon crack down on other DeFi services and wallets. Turkey’s recent ban on PancakeSwap (CAKE) decentralized exchange brought concerns that other DeFi services may follow. A recent panel by regulators, during the Istanbul Blockchain Week, suggested that this may be the case. In a transcript shared with crypto.news, regulators outlined the new criteria for enforcement, which also apply to DeFi services. Under the new framework, DEXs and even non-custodial wallets would be required to follow the same rules as centralized services. Still, this does not mean that all such services would…

Perpetual futures see over $100 billion in daily trading volume, yet most platforms still cater to pros. Phantom’s mobile-first approach could be the bridge or the breaking point for retail adoption. On July 8, Phantom, the crypto wallet best known for its seamless Solana and Ethereum integrations, rolled out perpetual futures trading directly within its app. Unlike traditional perps platforms that overwhelm users with complex order books and advanced charting tools, Phantom’s implementation strips derivatives trading down to its basics, letting users open leveraged positions in a few taps, right next to their NFT collections and token balances. The feature,…

Amp crypto price has plunged and entered a bear market this year, mirroring the performance of most altcoins.  Amp (AMP) dropped to $0.0033 on Tuesday, down by over 77% from its highest level in November last year. Its market cap has slipped from over $965 million to $283 million today.  A potential reason why Amp has plunged is that the total value locked on Flexa has been in a free fall this year. It has dropped to $20.8 million, down from the year-to-date high of $295 million.  Activity on the Flexa Network is critical for Amp, as the token provides…

In just three weeks, SharpLink’s ETH-per-share exposure jumped from 2.00 to 2.37. Once known for sports betting tech, the company is now setting institutional benchmarks in crypto treasury management, staking every coin, tracking exposure, and raising the bar. In a press release dated July 8, Minneapolis-based iGaming giant SharpLink Gaming said it now holds 205,634 Ethereum (ETH) tokens on its balance sheet, after purchasing another 7,689 ETH in the first week of July at an average price of $2,501 per token. SharpLink’s aggressive crypto pivot earlier this year saw it acquire 176,270.69 ETH, worth approximately $463 million at the time,…

Nasdaq-listed medical device technology firm BioSig Technologies and real-world asset tokenization company Streamex are looking to raise up to $1.1 billion in financing to launch a gold-backed treasury management strategy powered by Solana. BioSig and Streamex said in a press release on July 8 that the companies have entered into a definitive agreement that will see them raise up to $1.1 billion from a leading institutional investor.  Streamex & BioSig plan to raise the funds via a debenture, offering the sale of $100 million in senior secured convertible notes and equity line of credit of up to $1 billion. The…

Fartcoin continues to consolidate between key technical levels, with price action remaining range-bound and directionless. As long as the current structure holds, traders can expect more sideways movement until a breakout or breakdown occurs. This current range-bound behavior on Fartcoin (FARTCOIN) reflects indecision in the market. It is trading near its Point of Control, the zone of highest volume activity, which tends to act as a magnet for price action in the absence of clear momentum. As long as neither boundary is breached, the token is likely to remain locked within this oscillating structure. Key technical points Major Resistance: $1.45 marks…

Morpho traded near $1.39 and was 2.4% in the green on the day, as bulls look to hold a key price level, with resilience at this crucial zone showing as Morpho’s total value locked on Base nears $2 billion. The Morpho (MORPHO) crypto platform is increasingly a major player in the decentralized finance ecosystem. It’s native token reached highs of $4.17 in January, but fell sharply as cryptocurrencies mirrored broader risk assets, MORPHO hit lows of $0.85 in April.  Although bulls have seen MORPHO bounce 93% since its all-time low of $0.71 in November 2024, they failed to rally higher…