Bitcoin Breaking Out Of Descending Broadening Wedge – Can Bulls Push BTC To $144,000?
Over the past week, Bitcoin (BTC) has been seesawing within a narrow price range of $107,000 to $110,000, offering little clarity on the direction of its next major move. However, the latest technical analysis suggests that the flagship cryptocurrency may be on the verge of a breakout to the...
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Aevo unveils platform offering 1000x leverage on select stocks like MSTR and CRCL
Aevo, a decentralized derivatives exchange built on a custom Ethereum layer 2, has introduced “Aevo Degen,” a new product offering up to 1000x leverage on tokenized stocks. The product, which went live on July 8, currently supports Coinbase (COIN), Robinhood…...
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US sanctions network aiding North Korean IT workers in targeting crypto companies
Continuing its crackdown on North Korea’s efforts to infiltrate U.S. companies, the Treasury Department has sanctioned two individuals and four entities for aiding malicious IT workers in infiltrating crypto firms. A North Korean national, Song Kum Hyok, and a Russian…...
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GameSquare Shares Spike 6% In After-Hours Trading After Company Approves $100 Million Investment In Ethereum
GameSquare Holdings, Inc. (NASDAQ:GAME) shares climbed higher after-hours after a $100 million Ethereum (CRYPTO: ETH) investment announcement spurred a 58% rally on Tuesday. What Happened: The firm disclosed the pricing details of its underwritten public offering for the sale of 8.42 million shares of common stock at $0.95 per share. The majority...
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South Korea to reclassify crypto firms as startups eligible for tax cuts and other benefits
South Korea’s startup ministry proposed a new law revision that would allow crypto firms to register as venture companies. This reclassification would grant them tax reductions and other benefits. According to a notice published on July 9, the country’s Ministry…...
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Memecoin PNUT Rips on Elon Musk’s Epstein Cue
‘Peanut’ the squirrel is dead, but the meme coin named after him is still mooning. A late-night post from technocrat Elon Musk slamming U.S. authorities for euthanizing the viral squirrel while failing to charge anyone from Jeffrey Epstein’s alleged client list preceded a volume and price spike, data shows,...
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Key Market Dynamic Keeps Bitcoin, XRP Anchored to $110K and $2.3 as Ether Looks Prone to Volatility
Bitcoin (BTC) and XRP (XRP) are trading sideways, which is likely being driven by a hidden force that’s keeping both cryptocurrencies anchored to key price levels. However, the same “price magnets” might add to the ether (ETH) market volatility. We are talking about market makers – entities tasked with...
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Robinhood Says OpenAI Stock Tokens Backed by Special Purpose Vehicle
Robinhood tokens offering equity in OpenAI technically aren’t equity, Vlad Tenev confirmed in a recent CNBC interview, but are backed by “Robinhood’s ownership stake in a special purpose vehicle.” OpenAI warned earlier this month that the tokens being offered by Robinhood do not represent equity in the company, and...
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OmegaPro Founder and Co-Conspirator Charged by U.S. DOJ in $650M Ponzi Scheme
The U.S. Department of Justice (DOJ) has charged two individuals for their role in OmegaPro, a crypto and investment ponzi scheme which defrauded investors of over $650 million. Michael Shannon Sims, a founder and promoter of OmegaPro, and Juan Carlos Reynoso, who led OmegaPro’s operations in Latin America and...
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Coinbase launches $5M bug bounty on Cantina to secure Base and on-chain products
Coinbase has launched a $5 million bug bounty program hosted on Cantina, aimed at strengthening the security of its on-chain products and the Base layer 2 network. The program, which was announced on July 8, is one of the biggest…...
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