Author: James Wilson
U.S. Treasury Secretary Scott Bessent says the United States has entered a golden era of cryptocurrency as it looks to unlock new possibilities with blockchain technology. Summary U.S. Treasury Secretary Scott Bessent posted on X that the U.S. has entered a new age with crypto. Companies and protocols should build their projects in the United States as the sector receives much needed regulatory clarity and support. Bessent’s comments come as the U.S. cryptocurrency space experiences notable growth and backing under President Donald Trump. Among key milestones are the landmark Genius Act, the President’s Working Group on Digital Assets report, and…
Chainlink has announced a new pricing methodology purpose-built to offer reliable pricing for cryptocurrency and tokenized assets primarily traded on decentralized exchanges. Summary Chainlink has introduced State Pricing, a new asset pricing solution for assets primarily traded on decentralized exchanges. Initial support includes for assets such as Lido’s wrapped staked Ethereum and Coinbase wrapped Bitcoin. An announcement Chainlink (LINK) shared on August 1 states that Chainlink State Pricing targets assets that show limited trading volumes on centralized exchanges, but have robust liquidity onchain. The new solution, accessible on the Chainlink mainnet via the platform’s Data Feeds and Data Streams features,…
HyperLiquid has lost its high-timeframe resistance level at $42.24, signaling a failed breakout. Price action is now in a corrective phase, with focus shifting to lower support zones as structure weakens. Summary HYPE lost its high-timeframe resistance at $42.24 after a failed breakout to all-time highs Key support zones lie at the point of control and the value area low near $30 Volume remains weak, signaling lack of demand and increasing the risk of deeper correction After briefly reclaiming $42.24 and establishing a new all-time high, HyperLiquid (HYPE) failed to sustain above the level, forming what now appears to be…
Cross-chain bridges have overtaken traditional mixers as the primary tool for laundering stolen crypto in early 2025, moving over $1.5 billion in hacked funds. Their speed, liquidity, and lighter regulatory scrutiny have made them far more attractive than mixers like Tornado Cash for obscuring asset origins. Summary Crypto hacks in the first half of 2025 hit unprecedented levels, with over $3 billion stolen across 119 incidents, already 50% higher than all of 2024. Hackers are moving funds faster than ever, often laundering assets through cross-chain bridges rather than mixers, with some thefts fully obscured in minutes before any public disclosure.…
IP, the native token of the Story Protocol, surged more than 100% in July, driven by rapid ecosystem growth, expanding real-world utility, and renewed investor interest in tokenized intellectual property infrastructure. Summary IP is up over 100% from its July low. A number of ecosystem developments have helped sustain Story Protocol’s growth. Story Protocol has processed more than 1.7 million on-chain IP-related transactions. According to data from crypto.news, Story (IP) was trading at $5.95 as of Friday, August 1, with its market capitalization standing at approximately $1.75 billion. The token is now up over 105% from its July low and…
IMX price faces the risk of dropping to the key $0.35 support level as the upcoming token unlock adds pressure to an already bearish technical setup. Summary IMX price has pulled back 25% from its July high, breaching the 20-day EMA and nearing the 50-day SMA support. A descending triangle pattern with $0.35 support increases the risk of further bearish breakdown, especially with the August 8 token unlock releasing 24.52 million IMX tokens. Holding $0.35 and breaking above the upper trendline could form a triple bottom and trigger a bullish reversal toward $0.67 and higher. Immutable (IMX) price continues to…
Bitcoin staking platform Solv Protocol has announced BTC+, a new structured yield vault designed to generate BTC-denominated returns. Summary BTC+ aims to unlock yield for institutional and long-term holders. The vault offers 4.5%–5.5% base yields, with early users eligible for up to 99.99% APR during a limited campaign. Solv Protocol holds over 17,480 BTC in total value locked in the protocol. According to an August 1 X post, the vault helps generate interest from idle Bitcoin by deploying capital across DeFi, CeFi, and tokenized real-world asset strategies. What is BTC+? BTC+ is a Bitcoin yield vault that aggregates capital and…
Mill City Ventures has acquired 76.3 million SUI tokens following the close of a $450 million private placement, becoming the first publicly listed company to launch a crypto treasury strategy backed by the Sui Foundation. According to a July 31 press release, Mill City partnered with hedge fund Karatage and received an equivalent investment from the Sui (SUI) Foundation to kick off the initiative. The firm’s new SUI holdings, acquired at an average price of $3.6389, are now held in a public wrapper offering retail and institutional investors daily liquidity. Institutional access to Sui begins Mill City’s treasury now holds…
Coinbase reported $1.5 billion in revenue for Q2 2025, a 3.3% increase from a year earlier but a 26% drop from the previous quarter, as lower retail activity weighed on results. Summary Q2 revenue rose 3.3% year-over-year to $1.5B, but missed analyst targets. Retail trading lagged, while stablecoin revenue climbed 12% to $332M. Coinbase plans to expand into RWA, derivatives, and token sales. The company’s earnings per share came in at $0.12, far below analyst estimates of $1.19, according to its July 31 shareholder letter. Despite a slight year-over-year revenue increase, the company fell short of analyst expectations across several…
Swan-promoted Sequans and several other Bitcoin treasury companies went through a rough period in July. After peaking on Jul. 14, 2025, Sequans’ stock price dropped by around 75%. Several treasury companies saw even harsher drops. What does this signal mean? Summary Semiconductor manufacturer Sequans partnered with Swan and raised over $300 million to start Bitcoin accumulation. Despite a solid start, SQNS’ stock price dropped by 75% in July. July saw many Bitcoin treasury companies’ stock prices go down, on several occasions by over 50%. Sequans’ Bitcoin Pivot Sequans Communications is a Paris-based semiconductor manufacturer that went crypto a year after…