Author: John Smith

Nasdaq-listed ALT5 Sigma is set to adopt World Liberty Financial’s native token as a treasury asset as it taps the project’s executives to join its board. Summary World Liberty Financial will invest 7.5% of the total WLFI token supply in ALT5 Sigma’s $1.5 billion capital raise. ALT5 Sigma will adopt $WLFI as a treasury asset, creating the first corporate treasury to hold the token. According to a Monday press release, the Trump-backed DeFi venture World Liberty Financial is driving a $1.5 billion capital raise at ALT5 Sigma by contributing 7.5% of the total $WLFI token supply in a private placement.…

Pro-Bitcoin El Salvador has taken another step toward fully integrating Bitcoin into its financial system, allowing banking institutions to offer Bitcoin and other crypto services. Summary El Salvador’s new Investment Banking Law enables banks to provide Bitcoin and digital asset services, including trading, custody, and issuance. Investment banks can also act as digital asset issuers, allowing for native token launches under regulatory oversight. El Salvador’s recent deal with the International Monetary Fund is casting uncertainty over the future of its Bitcoin ambitions. According to a recent press release, El Salvador’s National Assembly has passed a new ’Investment Banking Law’ that…

PENGU is accumulating and gearing up to retest the $0.0450 resistance, boosted by its recent Arkham listing. But this could just be the beginning, as fundamentals are stacking for a potential 1,000%+ rally this cycle. Summary PENGU is holding above key support after correction, setting up to retest the $0.045 resistance in the short term. PENGU momentum has just been boosted with the Arkham Exchange listing for both perps and spot. PENGU’s price action is closely mirroring PEPE’s explosive rally, with potential upside targets of $0.24 and $0.70, representing 494% and 1,632% from current levels. Pudgy Penguins (PENGU) is up…

Aptos was trading at $4.80 at press time, down about 0.6% over the past 24 hours but still showing a 13% gain in the past week.  Summary Aptos is trading at $4.80, up 13% in the past week, with derivatives data showing steady positioning and cautious sentiment. A $54M unlock on Aug. 11, representing 2.2% of circulating supply, could influence short-term price direction. Technical indicators show a short-term bullish trend, with key resistance at $4.85–$5.00 and support at $4.65 and $4.50. With a seven-day range of $4.19 to $4.85, Aptos (APT) has shown a robust rebound from its early August…

Bitcoin continues to dominate the cryptocurrency market, with institutional demand showing few signs of easing, and that may be the main reason altseason has yet to arrive. Summary Bitcoin’s market dominance remains high, defying the post-halving rotation pattern that typically sparks altseason. Institutional accumulation via ETFs and treasuries is keeping capital locked in BTC, limiting altcoin upside. Ethereum’s gains and ETF inflows hint at potential rotation, but sentiment remains below past cycle altseason peaks. A new quarterly report from Bybit and Block Scholes, published Aug. 8, shows that Bitcoin’s (BTC) share of the total non-stablecoin crypto market cap remains on…

This week’s crypto market hinges on the U.S. Consumer Price Index (CPI) report, which could steer Federal Reserve interest rate decisions and spark major price moves. With inflation data expected to show modest rises, investors are eyeing potential rate cuts that could fuel bullish momentum. Against this backdrop, three tokens—Pepe (PEPE), Aptos (APT), and Pi Network (PI)—stand out for their distinct technical setups and market catalysts. From Pepe’s strong whale accumulation and bullish patterns linked to Ethereum’s surge, to Pi Network’s rebound at critical support levels, and Aptos facing token unlock pressures within a descending channel, these coins embody the…

That was fast. Bo Hines, executive director of the Council of Advisors on Digital Assets, stunned Washington, D.C. and the crypto community alike by announcing his sudden resignation on Saturday, Aug. 9, after serving only seven months. Hines’ unexpected departure has fueled speculation about the reasons behind his brief tenure and what this means for the future of U.S. cryptocurrency policy. As questions swirl around his backstory and next moves, Hines’s role during a pivotal period in American crypto regulation remains a subject of debate. Summary Bo Hines worked as an exec in the Council of Advisors on Digital Assets…

The Embargo ransomware group has stolen $34.2 million since emerging in April 2024, targeting victims across the healthcare, business services, and manufacturing sectors, according to TRM Labs research. Most victims are located in the U.S., with ransom demands reaching up to $1.3 million per attack. The cybercrime group has hit major targets, including American Associated Pharmacies, Memorial Hospital and Manor in Georgia, and Weiser Memorial Hospital in Idaho. TRM Labs identified approximately $18.8 million in victim funds that remain dormant in unattributed wallets. BlackCat connection suspected According to TRM Labs, Embargo may be a rebranded version of the defunct BlackCat…

The cryptocurrency world saw a flurry of major developments this week, spanning politics, regulation, corporate moves, and market adoption. In addition to Bo Hines’ resignation from the Council of Advisors for Digital Assets, high-profile legal cases against Tornado Cash’s creator and Binance founder Changpeng Zhao advanced. Meanwhile, market players from Coinbase to Animoca Brands unveiled new ventures, universities made big Bitcoin moves, and President Trump authorized cryptocurrency in retirement plans. Here’s a breakdown of the top stories shaping the digital asset landscape right now. Summary Trump signs executive order permitting crypto investments in 401(k) plans Ripple and SEC voluntarily dismiss…

The Himachal Pradesh High Court has rejected bail for Abhishek Sharma, an alleged suspect involved in a $228 million cryptocurrency fraud case in India. Summary Himachal court denies bail to accused in $228M cryptocurrency fraud case Scam duped 80,000 investors via Voscrow, Hypenext doubling money promises Court cites public interest over bail despite accused’s custody since Oct 2023 The scam victimized over 80,000 investors across Himachal Pradesh and neighboring states. In rejecting the bail request on Friday, Justice Sushil Kukreja underlined the seriousness of the economic violation and its effects on society. The Times of India reports that the court…