Author: James Wilson

BEAT has gained 32.1% in seven days before an Aug. 1 release that will place the token at the center of $77.07 million in scheduled BEAT, EIGEN and ZETA unlocks. Summary $67.78 million in BEAT will unlock on Aug. 1, equal to 6.87% of circulation. EIGEN has fallen 12.6% before a $7.87 million release for investors and contributors. ZETA has lost 9% as 44.43 million tokens prepare to enter circulation. All three unlocks land Aug. 1, with recipient transfers set to determine immediate selling pressure. RootData reported that Audiera will release 21.25 million BEAT at 9 a.m. Beijing time, valuing…

Chinese courts have sentenced five Sifang payment platform operators to between three and six years in prison over a gambling network that processed more than 2.95 billion yuan, or about $428 million, through USDT, bank cards and third-party payment accounts. Summary Chinese courts sentenced five Sifang operators to between three and six years. The network processed about $428 million through USDT, bank cards and payment accounts. Investigators used Tether wallet data and OKX records to trace crypto transactions. The Paper reported that the Intermediate People’s Court of Xilin Gol League in Inner Mongolia upheld Ma’s conviction for illegal business operations…

Nvidia, Meta and Microsoft have joined 22 other organizations in warning U.S. policymakers that sweeping controls on open-weight AI models could weaken American leadership as competition with China intensifies. Summary Nvidia, Meta and Microsoft oppose sweeping U.S. restrictions on open-weight AI models. The coalition favors targeted enforcement against intellectual-property theft and other proven misuse. Elon Musk backed the letter as concerns over Chinese AI competition increased. The open letter has called for targeted legal and commercial measures to address misuse instead of restrictions covering technologies that support legitimate AI development. Its signatories include IBM, Palantir, Mistral, Hugging Face, Mozilla, Andreessen…

Robinhood Chain token launch platform Memecoin.Fun has raised $3.5 million in strategic funding as the network’s decentralized exchanges approach $9 billion in cumulative trading volume. Summary Memecoin.Fun raised $3.5 million in strategic financing led by Becker Ventures. Funding will support launchpad infrastructure, cross-chain bridges, and a multichain memecoin platform. Robinhood Chain’s growing activity is increasing competition among token issuance platforms. According to an official announcement from Memecoin.Fun, Becker Ventures led the financing, while BitValue Capital, Mason Labs, Negentropy Capital, and angel investor Billy Wen also participated. The platform completed the transaction through the USDG token, although the announcement did not…

The US House of Representatives has passed a congressional stock-trading ban by a 232-198 vote, sending the measure to the Senate despite criticism that it leaves existing holdings untouched. Summary The House passed the Stop Insider Trading Act in a 232-198 vote. Elizabeth Warren criticized loopholes allowing lawmakers to retain and sell existing stocks. Bryan Steil has proposed similar restrictions for congressional prediction-market wagers. According to a statement from Representative Bryan Steil’s office, the House approved the Stop Insider Trading Act on Wednesday, July 22. The Wisconsin Republican introduced the legislation in January and urged senators to send it to…

Strive’s SATA preferred shares have recovered nearly 16% from their June low to about $97, prompting Jan3 CEO Samson Mow to predict that the rebound could help Strategy’s STRC return to its $100 par value. Summary Strive’s SATA has rebounded nearly 16% from its June low to about $97. Samson Mow expects SATA’s recovery to help Strategy’s STRC return toward its $100 par value. Three major U.S. preferred stock ETFs collectively hold $756 million worth of STRC. Yahoo Finance data show SATA has climbed from $83.30 and now trades within roughly 3% of the level it was designed to track.…

Strategy’s STRC preferred stock has become the largest holding in three major U.S. preferred stock ETFs, which collectively own $756 million of the security even as its price remains about 13% below its $100 par value. Summary STRC has become the largest holding in three major preferred stock ETFs with $756 million invested. Institutional holdings have risen 105% as retail ownership fell from 78% to 71%. Strategy plans to issue more STRC and buy Bitcoin once the stock returns to $100. Michael Saylor, Strategy’s co-founder and executive chairman, disclosed that STRC now leads the portfolios of BlackRock’s iShares Preferred and…

India’s cybercrime authority has ordered GitHub to remove three repositories linked to Jack Dorsey’s Bitchat messaging app within three hours. Summary India ordered GitHub to remove three Bitchat repositories within a three-hour deadline. I4C cited surveillance risks linked to Bitchat’s anonymous, offline Bluetooth mesh network. Digital rights groups challenged the order’s legality and called it unconstitutional. According to a July 23 notice shared by Dorsey on X, the Indian Cyber Crime Coordination Centre directed the Microsoft-owned platform to disable access to Bitchat’s open-source code, Android application and release files. I4C operates under India’s Ministry of Home Affairs. The notice, numbered…

LMAX Group has enlisted Morgan Stanley and KBW to assess a sale or public listing that could value the institutional trading company at up to $5 billion. Summary LMAX has tapped Morgan Stanley and KBW to review strategic options worth up to $5 billion. A Nasdaq IPO is preferred, although a sale, SPAC merger or European listing remains possible. LMAX’s foreign exchange business allows the company to wait through weak crypto market conditions. Three people familiar with the private discussions said LMAX is working with Morgan Stanley and KBW, an investment bank owned by Stifel, as it reviews several strategic…

Coinbase Institutional and Glassnode have maintained a neutral Q3 2026 crypto outlook as a 12% quarterly market contraction clashes with early signs of Bitcoin accumulation. Summary Coinbase and Glassnode maintain a neutral Q3 outlook despite early Bitcoin accumulation signals. Weak ETF demand and rising leveraged longs leave crypto vulnerable to renewed selling. Hawkish Fed policy and geopolitical tensions continue to restrict market liquidity. Coinbase Institutional Research and Glassnode based the outlook on more than 25 charts covering onchain activity, institutional flows, macro conditions and cross-asset correlations. Their joint “Charting Crypto Q3 2026” report argues that improving Bitcoin data has not…