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Author: James Wilson
PancakeSwap has strengthened its position as the top revenue generator on Binance Smart Chain. PancakeSwap (CAKE) now accounts for over 64% of all protocol revenue on Binance Smart Chain, according to a July 8 analysis by CryptoQuant contributor CryptoOnchain. The 50-day moving average for revenue has reached a new high, showing steady growth in usage and network activity. Daily revenue has been rising consistently. PancakeSwap continues to outpace other protocols on BSC in both fee generation and user activity. The latest data shows that the platform is handling more trades and collecting more fees than any other application on the…
Sequans Communications is swapping traditional reserves for Bitcoin, funneling $384 million in newly raised capital into BTC. The company’s CEO cites Bitcoin’s “unique properties” as the driving force behind the strategic shift. On July 8, France-based Sequans Communications announced the close of a $384 million private placement, with over 40 institutional investors backing its bold pivot toward a Bitcoin (BTC)-dominated treasury. The raise, comprising $195 million in equity and $189 million in convertible debt, will be deployed almost entirely into BTC. This marks the most aggressive corporate move toward Bitcoin since Michael Saylor’s Strategy began the trend in 2020. Saylor’s…
U.S. stocks opened flat on Tuesday as traders looked for gains following President Donald Trump’s delay of sweeping reciprocal tariffs and as China warned against a rekindling of trade tensions. The Dow Jones Industrial Average was largely flat as the blue-chip index shed 40 points, while the S&P 500 was down 0.3% amid a slowdown from the benchmark’s record highs. A lull in early trading also saw the Nasdaq Composite fluctuate around the flatline, down 0.2%. Stocks shed gains on Monday amid Trump’s fresh threats of tariffs against major trading partners, with the Dow falling more than 400 points and…
As mentioned in the previous XAUUSD weekly forecast, the trend of gold has shifted to sell, as the global tensions between Iran and Israel eased. The bias in gold for this week is sell, but it can change mid-week to buy as well. With that in mind, let’s discuss the key pivot levels for gold buying and selling in this XAUUSD weekly forecast from July 7th to July 11th, 2025. Key economic events of this week Some significant U.S. economic reports are scheduled for release this week that are expected to impact XAUUSD. Wed, Jul 9 – FOMC Meeting Minutes …
The race for stablecoin licenses in Hong Kong is heating up, with dozens of firms preparing to apply ahead of the new regulatory framework set to go live. According to a recent report by local media outlet First Financial, more than 40 companies are preparing to apply for the soon-to-be-launched Hong Kong stablecoin license. Applicants reportedly include JD.com and Ant Capital, with anticipation mounting as the August 1 rollout date nears after months of regulatory work to finalize the framework amid growing market interest. However, local industry sources say the number of licenses regulators will issue is expected to be…
Japanese Bitcoin treasury firm Metaplanet is now looking beyond accumulation. After months of aggressive BTC buying, the company says it’s preparing to use its Bitcoin holdings as collateral to finance acquisitions. Metaplanet CEO Simon Gerovich recently told the Financial Times that the company is in a “Bitcoin gold rush” and wants to use its growing stash to buy real businesses that generate cash. According to him, the firm is following a two-stage plan. First, it will accumulate as much Bitcoin (BTC) as possible, and second, use its holdings as collateral to raise funds from lenders, similar to how securities or…
Ethereum’s growing dominance in RWA tokenization is boosting its narrative as a treasury asset. Ethereum (ETH) is quickly gaining traction as a major platform for tokenized assets. Notably, over $5 billion in RWAs are now managed on Ethereum, including treasuries and other real-world assets. In a commentary shared with crypto.news, NoOnes CEO Ray Youssef explained how this is opening up new avenues for ETH. “From tokenized U.S. treasuries to institutional-grade stablecoin rails, Ethereum is becoming the de facto layer for compliant, on-chain finance. Corporations are catching on to ETH as both a utility network and a strategic store of value…
Bitcoin is flashing early signs of a potential breakout as volatility tightens, a pattern often followed by significant price movement. At press time, Bitcoin (BTC) is trading at $108,494, slightly down 0.3% over the past 24 hours. The price has ranged between $105,430 and $110,307 in the past week and remains just 3% below its all-time high of $111,814, set in late May. Technical analyst Axel Adler highlighted a key development on a July 8 post on X. The Bollinger Bands on Bitcoin’s daily chart have contracted sharply, with the distance between the upper and lower bands now just 7.7%.…
The Dubai Financial Services Authority has granted regulatory approval to the QCD Money Market Fund designed to bring traditional assets like U.S. Treasuries onto the blockchain for institutional use. The DFSA has officially approved the QCD Money Market Fund (QCDT) backed by Qatar National Bank (QNB) and DMZ Finance. The fund is the first tokenized money market fund to be officially established within the Dubai International Financial Centre. QNB, the largest bank in the Middle East and Africa, leads the fund’s investment strategy and asset origination, while DMZ Finance, a tokenization and stablecoin infrastructure platform, provides the underlying technology for…
A years-long legal battle between crypto policy group Coin Center and the US Treasury Department over the sanctioning of crypto mixer Tornado Cash has officially come to an end. In a June 7 post on X, Coin Center director Peter Van Valkenburgh announced that the legal fight over the Treasury’s authority to sanction Tornado Cash has come to an end. His post came after the Eleventh Circuit Court of Appeals officially dismissed the case, per recent filings. “This is the official end to our court battle over the statutory authority behind the TC sanctions. The government was not interested in…