Author: John Smith

Nigel Farage has resigned as a Member of Parliament after confirming he will seek re-election in a by-election while facing scrutiny over multimillion-dollar gifts from figures linked to the crypto industry. Summary Nigel Farage has resigned as MP and will contest a Clacton by-election while parliamentary investigations continue. Farage denies wrongdoing over multimillion-dollar gifts linked to crypto figures Christopher Harborne and George Cottrell. The controversy comes as crypto-related political funding faces growing scrutiny in both the UK and the US. According to statements Farage made during an X livestream on Tuesday, the Reform UK leader stepped down as the MP…

Mizuho has lowered its price target for Strategy while maintaining an outperform rating, signaling that it still expects MSTR shares to climb above the $200 level despite the company’s recent Bitcoin sale. Summary Mizuho cut its MSTR price target to $213 but kept an outperform rating, still expecting shares to trade above $200. The revised target follows Strategy’s $216 million Bitcoin sale, which left the company holding 843,775 BTC and $2.55 billion in cash reserves. Grayscale Research and several market commentators said the sale could strengthen Strategy’s finances and improve its S&P 500 inclusion prospects. Mizuho reduced its price target…

Grayscale Research has argued that Strategy’s recent $216 million Bitcoin sale has improved the company’s financial position while helping create conditions for a more stable Bitcoin price. Summary Grayscale says Strategy’s $216 million Bitcoin sale has reduced financing risk and strengthened its balance sheet. The research firm argues higher cash reserves could support a more durable Bitcoin price bottom over time. Bitcoin rebounded above $63,000 as BlackRock’s ETF recorded fresh inflows and trading volume surged. According to a July 6 report from Grayscale Research, the market reaction to Strategy’s decision to sell part of its Bitcoin holdings has overlooked what…

On July 6, 2026, someone spent about four million dollars buying BONK, used it to control almost a hundred percent of a seven-wallet vote, and legally walked off with twenty million from the DAO’s treasury. No code was hacked. The voting worked exactly as designed. Here is how governance attacks work, why they are getting more common, and what actually stops them. Summary BonkDAO lost about $20 million after an attacker bought enough BONK tokens to dominate a governance vote without exploiting any code. Governance attacks allow attackers to use legitimate voting systems to approve malicious proposals when token ownership…

Solana has extended its July rally after record on-chain activity, tokenized stock issuance, and steady ETF inflows revived bullish sentiment. Summary Solana climbed above $81 after tokenized stock issuance and record network activity boosted buying interest. Technical charts show bulls defending $80 support while traders watch $83 and $90 as the next resistance levels. Analysts remain optimistic on long-term upside, though macro risks and liquidity could limit near-term gains. According to data from crypto.news, Solana (SOL) extended its recovery this week, gaining roughly 11% over several sessions to trade around $81 after briefly reclaiming the $82 level. The rally accelerated…

Vitalik Buterin says almost every major piece of Ethereum will be replaced over the next three to four years: the cryptography, the execution engine, the storage model, the verification itself. The plan lands with ether down 60 percent from its peak and the Foundation fresh off cutting a fifth of its staff. This is the most ambitious bet in crypto, made from the weakest position Ethereum has occupied in years. Summary Lean Ethereum would replace core parts of the protocol while keeping existing applications running. Recursive STARKs sit at the center of Ethereum’s proposed shift from re-execution to proof-based verification.…

XRP traded near $1.13 on July 7, down 1.69% in the past 24 hours, according to crypto.news market data.  Summary XRP’s rebound needs a clear break above $1.14 to confirm stronger short-term momentum for bulls. ETF inflows remain positive, but CLARITY delays have removed a near-term policy catalyst for XRP. Spot CVD has improved across exchanges while Binance perpetual traders keep selling into rebounds. The token moved between $1.11 and $1.16 during the session, while trading volume stood at about $1.73 billion. The rebound from the late-June low near $1.00 remains intact, but buyers have not yet turned it into…

Bitcoin recovered after Strategy disclosed a sale of 3,588 BTC for about $216 million.  Summary Bitcoin recovered after Strategy sold 3,588 BTC, limiting panic around corporate treasury selling pressure. Strategy now holds 843,775 BTC and $2.55 billion in reserves after funding dividend payments obligations. Horsley’s comment reflects bullish sentiment, but ETF flows and macro data still shape Bitcoin trading. The move caused a brief pullback, but the token later moved back toward the $63,000 area, showing that buyers returned after the first reaction. Bitwise CEO Hunter Horsley summed up the move in a short post. Horsley said on X, “Bitcoin…

Former Tether chief investment officer Richard Heathcote is seeking to sell part of his 1.26% stake in the stablecoin issuer, according to a Bloomberg report.  Summary Heathcote’s planned sale may give investors a rare look at Tether’s private ownership structure. USDT still dominates stablecoins, even as MiCA rules push some European platforms to delist it. Tether says it does not need an IPO while rival crypto firms keep weighing listings. The report said Heathcote is working with PJT Partners and has started talks with potential buyers. The planned transaction covers only part of his holding, not the full stake. Bloomberg…

SpaceX shares have remained under pressure ahead of their Nasdaq-100 debut, even as the upcoming index inclusion is expected to trigger roughly $4.3 billion in passive fund buying. Summary SpaceX joins the Nasdaq-100 on July 7, with JPMorgan estimating about $4.3 billion in passive fund buying. The stock is holding above $155 support while traders watch for a breakout above $160 and $165. Limited public float and heavy insider ownership could increase volatility during the index rebalancing. According to Nasdaq, SpaceX will officially join the Nasdaq-100 before the opening bell on July 7 after qualifying under the exchange’s updated rules…