Author: James Wilson
President Donald Trump called on ExxonMobil and Chevron to cut US fuel prices after the oil majors earned roughly $26.5 billion combined during the second quarter. Summary ExxonMobil earned $14.5 billion, more than double its profit from the same quarter last year. Chevron posted $12.1 billion in earnings, nearly five times its year-ago result. Trump said the companies were making “too much money” from an oil shortage. US gasoline prices have risen more than 30% since the Iran war began. Trump demands lower fuel prices Trump criticized ExxonMobil and Chevron at the White House on Monday, arguing that supply pressure…
FalconX has reportedly cut about 10% of its global workforce as the digital asset prime broker prepares for an extended cryptocurrency market downturn. Summary FalconX reduced its global workforce by roughly 10%, affecting an estimated 35 positions. The company plans to withdraw its Singapore license application and prioritize crypto derivatives. FalconX will maintain its Asian presence while directing more resources toward European expansion. The layoffs follow recent workforce cuts at Luno, Pump.fun and other crypto companies. FalconX layoffs affect about 10% of staff FalconX implemented the workforce reduction across its global operations, Bloomberg reported Monday, citing people familiar with the…
A former FBI supervisory agent allegedly stole about $1 million in cryptocurrency, mixed it with personal funds, and asked ChatGPT how to use the money and relocate to Europe. Summary Patrick Yaroch allegedly made about a dozen crypto transfers beginning in late 2024 or early 2025. Investigators said he used ChatGPT to explore investing $1 million and moving to Portugal. Yaroch allegedly booked a Sept. 3 flight to Portugal before his arrest. The FBI dismissed Yaroch on July 31, one day before the affidavit was filed. FBI agent allegedly transferred crypto using discovered keys Federal authorities arrested Yaroch on Friday…
Mastercard has completed its acquisition of stablecoin infrastructure provider BVNK, bringing on-chain payment technology into its global network. Summary Mastercard finalized the up to $1.8 billion acquisition first announced in March. BVNK connects fiat and blockchain networks for payments, settlement, payouts, and treasury flows. The deal expands Mastercard’s ability to support stablecoins and tokenized assets alongside traditional currencies. Mastercard is also backing Open USD and developing stablecoin payments for autonomous AI agents. Mastercard closes deal for BVNK Mastercard confirmed on Aug. 3 that it had completed the acquisition of BVNK, expanding its infrastructure for moving value between fiat currencies and…
Bitwise has disclosed NRR as the ticker for its proposed spot NEAR ETF in an amended filing with the US Securities and Exchange Commission. Summary Bitwise filed Amendment No. 3 to the registration statement for its proposed NEAR ETF. The fund would trade under the NRR ticker on NYSE Arca if approved. Bitwise intends to stake up to 100% of the trust’s NEAR holdings to earn additional income. NEAR rose about 4% to $1.73, while futures open interest climbed nearly 6%. Bitwise NEAR ETF discloses NRR ticker Bitwise submitted the third amendment to its Form S-1 registration statement on July…
SpaceX stock is attempting to stabilize near $110 ahead of its first post-IPO earnings report, but a $100 billion share unlock could limit any recovery. Summary SPCX has fallen 52% from its June intraday peak of $225.64. Analysts expect $6.88 billion in revenue and a loss of $0.23 per share. The 4-hour chart shows improving momentum after SPCX exited a descending channel. Up to 911.5 million shares become eligible for sale on Aug. 6. A recovery requires SPCX to reclaim $120, followed by the $130 resistance area. SpaceX will report its second-quarter results after the US market closes on Aug.…
The CLARITY Act’s narrowing path through the U.S. Senate could trigger another crypto sell-off before the market recovers later this year, according to Bernstein analysts. Summary CLARITY Act passage odds have fallen to 28% as the Senate’s summer recess approaches. Bernstein expects a failed vote or delay to produce an immediate negative crypto market reaction. The bill remains absent from the Senate’s Aug. 3 schedule, leaving lawmakers only days to act. An Aug. 5 cloture filing could allow an initial procedural vote on Aug. 7. CLARITY Act misses the Aug. 3 Senate schedule The Digital Asset Market Clarity Act, or…
Bitmine Immersion Technologies added 10,399 ETH to its treasury and repurchased another 4.5 million shares, but BMNR stock fell toward $17 as investors weighed its mounting unrealized losses. Summary Bitmine acquired 10,399 ETH, lifting its holdings to 5,797,813 ETH. The company now controls about 4.8% of Ethereum’s total supply. Bitmine repurchased 4.5 million BMNR shares during its third consecutive week of buybacks. BMNR traded near $17.06, with technical indicators showing weak trend strength. Bitmine’s Ethereum holdings approach 5.8 million ETH Bitmine said it acquired another 10,399 ETH over the past week, continuing the accumulation strategy it adopted last year. The…
Solana price slipped below $73 on Aug. 3 as weak spot demand and sustained capital outflows raised the risk of a drop toward $70. Summary Solana price fell 1.47% to $72.55, placing the token near its daily lower Bollinger Band. The 4-hour chart shows SOL below all four tracked moving averages, with the 200-period SMA at $76.79. Chaikin Money Flow dropped to -0.17, indicating that selling pressure continued to outweigh buying demand. Liquidation liquidity is concentrated near $73.50–$74.50, making that zone the first major upside test. Solana price extends its decline below $73 According to data from crypto.news, Solana (SOL)…
Two French crypto investors have been held captive in London for more than 52 hours in a kidnapping and extortion case that ended with five men convicted after the victims were forced to transfer $30,000 in cryptocurrency. Summary Five men were convicted after two French crypto investors were held captive in London for more than 52 hours and forced to transfer $30,000 in cryptocurrency. Prosecutors said the victims were tortured and threatened during the ordeal, while the alleged mastermind remains at large. Police rescued the victims after tracing a forgotten mobile phone and arrested several suspects following a high speed…