The U.S. Senate has unanimously approved a nonbinding resolution opposing any federal clemency for FTX founder Sam Bankman-Fried. Summary Senators unanimously backed a resolution opposing any pardon, commutation or other federal clemency for Bankman-Fried. Bankman-Fried remains imprisoned for FTX fraud while his formal presidential pardon application continues seeking review. The resolution follows Trump’s earlier pardons…
Meanwhile, newly emerged whales have gone on a substantial ETH accumulation spree. Ethereum (ETH) has stolen the show in the past few days, posting impressive gains and outperforming the market leader and many of the larger-cap alts. One of the reasons behind this notable rally that drove it to a multi-week peak could be…
BlackRock’s iShares Bitcoin Trust has secured a major regulatory win after the U.S. Securities and Exchange Commission approved a fourfold increase in the ETF’s options position limit from 250,000 to 1 million contracts. Summary SEC has approved raising IBIT options limits from 250,000 to 1 million contracts. NYSE Arca says the higher cap matches strong…
Bitcoin remains under pressure, but the collapsing crypto discussion could leave room for whales to drive the next market move. Discussion surrounding cryptocurrencies across X, Reddit, Telegram, and other social platforms has dropped to its second-lowest daily level since October 2024. This comes even as Bitcoin continues trading around the mid-$60,000 range. According to…
Ostium has halted trading after an exploit tied to a compromised oracle signer key drained nearly $18 million USDC from its liquidity vault, according to blockchain security firm Blockaid. Summary Blockaid linked Ostium’s $18 million exploit to a compromised oracle signer key. The attacker drained up to 28% of the protocol’s $63 million liquidity vault….
Martinez warned that the bullish outlook would be invalidated if the price slips under $60. Solana (SOL) joined the broader crypto rebound after cooling US inflation data, climbing back toward $80. According to some analysts, this could be the beginning of a more substantial rally that might push the price well beyond the psychological…
Base creator Jesse Pollak has acknowledged that the network’s multi-year bet on onchain social products did not deliver the expected growth and has redirected Base toward trading, payments, and AI-powered financial infrastructure. Summary Jesse Pollak admitted Base’s onchain social strategy failed to drive expected crypto adoption. Base will prioritize trading, stablecoin payments, and AI agent…
Armstrong’s poll shows how uncertain traders are, with the Bitcoin community offering no clear consensus on whether the bottom is in or not. Coinbase CEO Brian Armstrong sparked debate over Bitcoin’s direction on July 14 after asking X users whether the OG cryptocurrency has already reached its market bottom. The poll quickly drew thousands…
A new academic study has found that Polymarket’s five-minute Bitcoin prediction contracts have created incentives for sophisticated traders to manipulate spot prices and profit at the expense of ordinary participants. Summary Stanford researchers link Polymarket’s five-minute Bitcoin markets to settlement-price manipulation. The study estimates about $1.28 million shifted from retail traders to sophisticated participants. Researchers…
Senate Democrats have intensified scrutiny of Acting U.S. Attorney General Todd Blanche during his confirmation hearing, accusing him of weakening crypto enforcement while President Donald Trump’s digital asset businesses have expanded. Summary Dick Durbin accused Todd Blanche of dismantling DOJ crypto enforcement to benefit Trump’s crypto businesses. Senate Democrats linked Blanche’s nomination to demands for…
