FalconX has reportedly cut about 10% of its global workforce as the digital asset prime broker prepares for an extended cryptocurrency market downturn. Summary FalconX reduced its global workforce by roughly 10%, affecting an estimated 35 positions. The company plans to withdraw its Singapore license application and prioritize crypto derivatives. FalconX will maintain its Asian…
American Bitcoin Corp (ABTC) mined roughly 932 BTC in the second quarter, its highest quarterly production on record, and grew its strategic reserve to about 8,002 units on June 30. Net loss came to $57.2 million, narrowed from $81.8 million in the first quarter. A $71.2 million non-cash loss on digital assets ran through…
A former FBI supervisory agent allegedly stole about $1 million in cryptocurrency, mixed it with personal funds, and asked ChatGPT how to use the money and relocate to Europe. Summary Patrick Yaroch allegedly made about a dozen crypto transfers beginning in late 2024 or early 2025. Investigators said he used ChatGPT to explore investing $1…
July’s burn rate marked a 1,395% increase compared to June’s figure. The SHIB team and community have scorched billions of tokens in the past month. The resurgence of the burning program has coincided with the positive performance of the self-proclaimed Dogecoin killer, whose price has jumped by 10% within that period. Big Burn, But…
The CLARITY Act remains stuck in the Senate after the White House reportedly failed to respond to a bipartisan ethics proposal, pushing its 2026 passage odds back down to 27%. Summary The White House has not responded to the Tillis-Gallego ethics counterproposal. Polymarket traders give the CLARITY Act a 27% chance of becoming law this…
Bitcoin mining has long become a massive business niche in which the individual miner has been sidelined, but there are occasional exceptions. A single miner managed to mine block number 960804, which secured them the 3.125 BTC prize, worth roughly $200,000 at today’s prices. Pseudonymous software developer at CKPool, Dr -ck, was among the first to…
Kenya has anchored more than 15 million academic records to the Avalanche C-Chain as it replaces slow, paper-based certificate checks with a national electronic verification system. Summary Kenya has anchored over 15 million records dating to 1989 on Avalanche. Nearly 1 million 2025 KCSE certificates are available exclusively through the electronic platform. KNEC expects the…
In XRP news today, the asset entered August 2026 trading at $1.06, down roughly 43% from its January peak of $2.41, carrying a thirteen-year seasonal track record that makes even seasoned traders wince. On August 1, Ripple executed its monthly Ripple escrow unlock with a deliberate timing twist. It locked 700 million XRP back into…
Users can convert their XRP into FXRP and use it as collateral on Ethereum to borrow RLUSD without selling their holdings. Flare has announced that its FXRP token can now be used as collateral in Sentora’s RLUSD vault on Morpho, marking a new step for XRP in decentralized finance. The update allows XRP holders…
Bitcoin price rebounded toward $63,900 on Aug. 3 after briefly falling near $62,300, but weak spot demand and fresh short-term holder losses continue to limit its recovery. Summary Bitcoin price recovered to $63,894 after testing an intraday low of $62,300. The daily RSI remained neutral at 49.28, while the MACD showed weakening momentum. Short-term holders…
