Author: James Wilson

A White House teleprompter operator has been placed on paid leave after allegedly earning more than $90,000 from Kalshi bets tied to words President Donald Trump would use in his speeches. Summary The CFTC is investigating Gabriel Perez over more than $90,000 in reported Kalshi profits. Kalshi froze most of the gains after flagging bets tied to Trump’s speeches as suspicious. The case comes as Trump Media begins selling real-time Truth Social data to financial firms. According to an ABC News report, the Commodity Futures Trading Commission is investigating Gabriel Perez over trades placed in Kalshi’s “mentions” markets, where users…

President Donald Trump has promoted more than 20 companies, including Nvidia, Tesla and Apple, within days of purchasing their shares, according to a CNN investigation. Summary CNN linked Trump’s company promotions to stock purchases made only days earlier. Trump bought up to $500,000 in Nvidia shares before announcing faster AI permits. The findings have added pressure to include ethics rules in the CLARITY Act. CNN found that several Truth Social posts announced or praised government actions that could benefit companies held in Trump’s investment accounts. The report has renewed questions about whether his financial interests conflict with decisions made by…

Cathie Wood’s Ark Invest has purchased about $52.1 million of SpaceX stock, lifting its investment since the June IPO above $475 million as the shares trade below their $135 offer price. Summary Ark Invest bought $52.1 million of SpaceX shares as the stock fell below its IPO price. SpaceX has dropped about 42% from its $225.64 post-listing record. A strong descending channel keeps $128–$130 support and $133–$135 resistance in focus. According to Ark Invest Tracker, Ark bought the shares through its ARKK, ARKQ, ARKW, and ARKX exchange-traded funds during the week ending July 10. The purchases followed roughly $444 million…

Cardano has fallen 1.39% to $0.1628 as rising short positions have outweighed whale demand two days before the Van Rossem hard fork. Summary ADA fell to $0.1628 as traders increased short positions before the Van Rossem fork. Cardano whales accumulated ADA despite negative funding rates and rising futures open interest. Liquidity clusters at $0.160 and $0.170 could shape ADA’s next major move. According to data from crypto.news, from July 16 showed ADA traded between an intraday low of $0.1611 and a high of $0.1664, extending its retreat from an early-July peak near $0.195. The decline came even as large holders…

Strategy CEO Phong Le has tied the company’s next Bitcoin purchase to STRC returning to its $100 par value as the preferred stock trades near $87. Summary Phong Le linked Strategy’s next Bitcoin purchase to STRC recovering to its $100 par value. Strategy sold 3,588 BTC across two weeks while building its dollar reserve. MSTR faces resistance at $100–$105, with immediate chart support near $90. Bloomberg reported that Le plans to resume issuing STRC shares once the security, known as Stretch, recovers to par, allowing Strategy to direct the proceeds toward more Bitcoin. “We’ll continue to build that. And yeah,…

Ault Capital has developed a Cosmos-based Layer-1 network for tokenized assets and digital settlement after banking disruptions affected businesses under its leadership. Summary Ault Capital linked its new Layer-1 network to banking disruptions faced by its businesses. The Cosmos-based blockchain supports Ethereum smart contracts, tokenized assets, and institutional settlement. Identified participants will govern the network, while tokens will be distributed without a public sale. According to Ault Blockchain, the project seeks to reduce the role of traditional financial institutions in settlement while supporting decentralized trading and other onchain financial applications. The company has positioned the network as infrastructure for compliant…

President Donald Trump has convened key Republican senators at the White House as Ripple warned that rejecting the CLARITY Act would preserve regulatory gaps linked to the FTX collapse. Summary Trump will meet Republican senators to address disputes holding up the CLARITY Act. Ripple warned that rejecting the bill would leave major crypto regulatory gaps open. Polymarket places the bill’s chance of becoming law in 2026 at 36%. According to Politico, Trump is scheduled to meet several Republican senators on Thursday to discuss the crypto market structure bill and the remaining work needed to secure a Senate vote. Senator Bernie…

A stablecoin depeg is not one event. It is two very different events that look identical on a price chart, and confusing them is how traders lose money on coins that were never actually broken. Summary  A depeg happens when a stablecoin’s market price moves meaningfully away from its target, almost always one dollar, and does not quickly return. Drift of a fraction of a cent is normal and not a depeg. The distinction that matters is between a liquidity depeg, where the exchange price falls but redemption at the issuer still works, and a reserve depeg, where the backing…

Bitget has launched a Cross-Asset Unified Account that combines cryptocurrency and tokenized U.S. equities within one margin system. Summary Bitget combines 370+ eligible assets and 100 tokenized U.S. stocks within a single margin pool. Eligible rTokens can support trading, borrowing and margin use while preserving exposure to underlying equities. Reality’s rToken ecosystem has now surpassed $100 million in assets under management, according to Bitget. The exchange said the new structure supports more than 370 eligible assets, including 100 US stock tokens known as rTokens. According to the official Bitget announcement, users can hold eligible stock tokens while also using them…

South Korea has raised interest rates for the first time since January 2023, shifting monetary policy toward tighter conditions in one of the world’s most active retail crypto markets. Summary South Korea raised rates to 2.75%, marking its first monetary policy increase since January 2023. Tighter borrowing conditions could cool speculative crypto demand as local trading activity has already weakened. Strong growth, persistent inflation and won weakness may keep additional Bank of Korea hikes possible. The Bank of Korea raised its benchmark rate by 25 basis points from 2.50% to 2.75% on July 16. All seven members of the Monetary…