ALT5 Sigma, a Nasdaq-listed fintech firm backed by the Trump family’s World Liberty Financial, has denied rumors of a potential regulatory investigation involving one of its associates. Summary ALT5 Sigma dismissed speculation about a rumored SEC probe into venture capitalist Jon Isaac’s role at the company. Past SEC filings show Isaac held a two-year consulting…
xStocks, tokenized U.S. equities issued by Backed, have surpassed $2 billion in trading volume within just six weeks of their launch on Solana. Summary Since launch, Backed’s xStocks on Solana reached $2.1B in cumulative trading volume. xStocks are SPL tokens that represent fractional ownership of real U.S. stocks and ETFs, backed 1:1 by shares. Tradable…
The long-anticipated altcoin season does not seem to be edging closer as previously positive market signals flip bearish. Summary Global Google search interest for “altcoins” fell sharply to a score of 15, down from 100 earlier this month. The Altcoin Season Index has dropped to 41, significantly below the 75 threshold needed to signal a…
API3, the native token of decentralized oracle solution Api3 surged as high as 102% in the past 7 days, largely fueled by its listing on one of the largest crypto exchanges in Korea. Summary API3 has soared over 100% after securing an Upbit listing. The token may target $2.45 next as it has broken out…
With $110,000 in sight as traders consider Fed signals and cooling accumulation, Bitcoin’s rise has reached a temporary roadblock. Summary After a steep post-ATH decline, Bitcoin is now consolidating around the mid-$110Ks; the tone was set by profit-taking into August 16. A $ 110,000 sweep remains on the table after a failed reclaim; on-chain data…
Ethereum ETFs have taken another hit as cooling demand deepens outflows, with major issuers now trimming their holdings. Summary Ethereum ETFs saw $422M in outflows on August 19, marking the third consecutive day of losses this week. On-chain data shows major issuers, including BlackRock, Fidelity, and Grayscale, already dumping holdings. ETH has given up most…
SUI price may continue to see more losses ahead as technicals remain bearish for the asset despite its recent listing on Robinhood. Summary SUI price remained on a downtrend a day after trading went live on Robinhood. The token recorded $5.64 million in long liquidations yesterday. Stablecoin supply on the blockchain has dropped over the…
SoFi Bank will use Bitcoin’s Lightning Network to launch low-cost international money transfers, beginning with Mexico later this year. Summary SoFi Bank will leverage Bitcoin’s Lightning Network to launch a global remittance service. The service uses Lightspark’s Universal Money Address, which lets users send dollars abroad with real-time Bitcoin conversion. As part of its partnership…
MNT price is testing key resistance at $1.40 and appears poised to break through toward its $1.50 ATH very soon, buoyed by Bybit campaigns and an upcoming perps listing on Coinbase International Exchange. Summary MNT price has surged 62% since early August breakout above $0.85 and is now testing key resistance at $1.40. Price is…
Bitcoin price dips to $113,000, dragging the crypto market lower and pushing retail sentiment to its weakest level in weeks. Summary Crypto market cap slid to $3.8T, with Bitcoin 8.5% off ATH. Derivatives show risk reduction, as volume rises but open interest falls. Retail turns fearful, but whales and ETFs continue to add BTC. Bitcoin’s price…
