Trading volume on decentralized exchange Hyperliquid surged to a new monthly all-time high in July, marking a record for decentralized finance (DeFi) perpetual futures exchanges as more traders flocked to them. Hyperliquid hit $319 billion of trading volume during July, marking a new monthly record high across all DeFi perpetual futures exchanges, according to DefiLlama…
Shares in IREN Ltd popped 11.4% after the Bitcoin miner posted $86 million in revenue for July, outperforming industry heavyweight MARA Holdings in Bitcoin production. On Wednesday, IREN reported mining 728 Bitcoin (BTC) in July, beating MARA’s 703 BTC mined over the same period despite having a smaller deployed hashrate — 50 exahashes per second…
Key takeaways: After dropping 19% in three weeks, XRP faces strong resistance at $3.10-$3.00, with key support at $2.65. Whales have offloaded over 640 million XRP tokens since July 9. $2.65 aligns with the quarterly VWAP and 0.50 Fibonacci retracement: a drop below could undo the Q3 rally. XRP (XRP) is undergoing a sharp correction…
The Indonesian government has been exploring Bitcoin as a reserve asset, according to Bitcoin Indonesia, which recently met with officials to discuss how the strategy can drive economic growth in the country. “We were invited to the Vice President’s office to present how Bitcoin could benefit the country,” Bitcoin Indonesia said in an X post…
The US Securities and Exchange Commission (SEC) has clarified that certain cryptocurrency liquid staking activities do not constitute securities offerings, a notable step in the agency’s ongoing effort to provide clearer guidance on digital asset regulation. “The statement clarifies the division’s view that, depending on the facts and circumstances, the liquid staking activities covered in…
Key takeaways Pump-and-dump schemes in Web3 manipulate a cryptocurrency’s price through coordinated buying along with misleading information and hype to lure investors in before a mass selling of a token, leaving it almost worthless. Decentralized anonymity and 24/7 unregulated trading make the industry particularly vulnerable to these manipulative investment schemes. A pump-and-dump follows four stages,…
Solana Mobile has started shipping the second generation of its mobile device on Monday, supplying users in over 50 countries. The Seeker phone, which has amassed over 150,000 pre-orders, will feature upgraded technology, a mobile-native crypto wallet and a decentralized application store that bypasses “cryptophobic censorship” seen in app stores today. Solana Mobile general manager…
The mining pool behind an attempted 51% attack on Monero is reportedly under a distributed denial-of-service (DDoS) attack, disrupting the effectiveness of the takeover attempt. In a Sunday X post, Sergey Ivancheglo — who claims responsibility for the network attack — said the Qubic mining pool he controls is under a DDoS attack. He added…
White House AI and crypto czar David Sacks has pushed back on growing fears that AI will wipe out large swathes of the workforce, arguing it still relies heavily on human supervision to generate real business value. His comments come after Microsoft researchers unveiled a list of the 40 positions most likely to be replaced…
Key takeaways: Bitcoin’s 50-day EMA bounce aligns with a bullish pattern targeting $148,000. Old whale’s 80,000 BTC selloff marks third profit wave, often a prelude to a recovery. Bitcoin (BTC) has dropped by 7.50% three weeks after establishing its record high at around $123,250. But analysts say this may be the final shakeout before a…
