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Feed Items

Interactive Brokers is considering launching a stablecoin for customers, a move that would add one of the world’s largest discount brokerages to the list of firms using crypto, Reuters reported on July 28. Founder Thomas Peterffy said in an interview with the newswire that the company is “working on potentially issuing stablecoins.” However, a final decision on the structure and rollout has not...
Bitcoin (BTC) rebounded from a local low near $114,800, closing last week about 2.1% higher at $119,580 and turning the range floor into tentative support, according to Bitfinex Alpha’s July 28 report.  The recovery has stabilized spot prices, but derivatives data suggest a more fragile backdrop as leverage rebuilds across major and altcoins. Leverage runs hot The brief dip inflicted outsized...
Tron Inc. has filed to raise up to $1 billion as part of an ambitious push to grow its TRX token reserves, capitalizing on a dramatic surge in its stock following a recent merger. The company, formerly known as SRM Entertainment, disclosed the fundraising plans in a Form S-3 registration statement with the U.S. Securities and Exchange Commission. The proposed raise would come through a...
PayPal has launched a new initiative, “Pay with Crypto,” aimed at streamlining global commerce and significantly reducing the cost of cross-border transactions, according to a July 28 statement. According to the company, the service offers merchants a 90% reduction in international transaction fees compared to traditional credit card processors. Pay with crypto This is made possible by instant...
Anatoly Yakovenko, co-founder of the Solana blockchain, has described memecoins and NFTs as “digital slop,” even as the network continues to benefit massively from the hype surrounding these assets. In a July 28 post on X, Yakovenko argued that memecoins and NFTs lack inherent value. He compared them to loot boxes in mobile games, which are randomized rewards often criticized for encouraging...
Bitcoin has entered the final week of July with a visible imbalance in its price structure. The CME Bitcoin futures market reopened on Sunday, July 27, nearly $1,770 above where it had last traded on Friday, July 25, creating an upward gap between $118,295 and $120,065. This is the widest weekend gap since mid-June and the first in over a month that hasn’t been closed within 16 hours of reopening...
BNB, the native token powering the Binance ecosystem, has reached a new milestone amid renewed market interest and institutional activity. On July 28, the digital asset briefly hit a record price of $854 before easing to approximately $847.5 at the time of writing. This latest surge marks a 7% daily increase and caps a month-long rally of nearly 32%, propelling BNB’s market capitalization above $...
Authorities in Beijing’s Haidian District have reportedly uncovered a Bitcoin laundering operation involving approximately 140 million yuan (around $20 million) allegedly stolen by employees of Kuaishou, a leading Chinese short-form video platform. The investigation revealed that several Kuaishou employees conspired with external parties to embezzle company funds for business development...
Institutional investors are pouring money into crypto investment products at record levels, with Ethereum leading the charge. According to the latest data from CoinShares, digital asset funds attracted $1.9 billion last week alone. This brought total inflows for July to a historic $11.2 billion, eclipsing the previous peak of $7.6 billion in December 2024. The trend marks 15 straight weeks of net...
SharpLink Gaming is accelerating its Ethereum strategy with a major purchase that brings its total holdings closer to a key milestone of 500,000 ETH. On July 28, blockchain analysis platform Lookonchain revealed that the firm acquired 77,210 ETH, worth approximately $295 million. This move brings SharpLink’s total Ethereum reserves to 438,017 ETH, valued at around $1.69 billion. While the company...