Author: John Smith

The years-long federal case against the founders of privacy-focused Samourai Wallet is taking a major turn. Summary Samourai Wallet founders to plead guilty in money laundering case. The outcome of the case may influence the ongoing Tornado Cash trial. The co-founders face up to 25 years in prison if sentenced. According to court filings dated July 29, Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill will formally plead guilty in their money laundering case. The two were arrested back in April 2024, after the U.S. Department of Justice accused them of operating an unlicensed money-transmitting business and facilitating more…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. RI Mining has launched its upgraded AI-powered cloud mining platform, offering XRP, DOGE, and USDT holders a secure and compliant way to earn a daily passive income. Summary RI Mining launches AI-powered cloud mining for XRP, DOGE, and USDT. GENIUS Act drives demand for compliant, passive crypto income. One-click setup delivers stable daily payouts with no conversion needed. As digital asset adoption accelerates and regulatory clarity reshapes the crypto landscape, RI Mining today unveiled its upgraded AI-powered cloud mining…

After initially contesting the charges, an Arizona man has now pleaded guilty to defrauding victims out of $13 million through a crypto scheme involving fake AI trading bots and a fictitious government agency. Summary Vincent Mazzotta has pleaded guilty nearly two years after being indicted in a $13M crypto Ponzi scheme. The scheme used fake AI trading bots and a fictitious agency called the “Federal Crypto Reserve” to defraud victims. He faces up to 15 years in prison for money laundering and conspiracy to obstruct justice. Vincent Anthony Mazzotta Jr., who has been accused of running multiple fraudulent investment platforms…

Linea, the Ethereum layer 2 network developed by ConsenSys, has officially released its LINEA tokenomics framework, revealing a unique Ethereum-aligned model. Summary Linea released tokenomics showing ETH as gas and no governance role for LINEA. 85% of LINEA’s 72B supply goes to ecosystem incentives while 15% is reserved for ConsenSys. Fee structure burns ETH and LINEA to link usage with long-term value. The update was shared in a July 29 blog post and arrives ahead of Linea’s anticipated Token Generation Event. ETH will serve as the sole gas token, while the new LINEA token will function as an incentive and…

Senator Lummis is dragging federal housing agencies into the 21st century with a bill that mandates crypto be recognized in mortgage approvals. The move challenges decades-old lending rules, potentially opening doors for young buyers, but critics warn it could destabilize the system. Summary Senator Cynthia Lummis introduced a bill requiring Fannie Mae and Freddie Mac to recognize crypto assets in mortgage evaluations. The 21st Century Mortgage Act targets outdated lending criteria and responds to low homeownership rates among Americans under 35. Critics, including Senators Warren and Sanders, argue the move could inject risk into the housing market due to crypto…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. LILPEPE raises $11.8m in presale, eyes top 20 spot as it challenges ADA and SUI with real utility and meme momentum. Summary LILPEPE eyes ADA and SUI as it races toward the crypto Top 20 leaderboard. With $11.8m raised, LILPEPE’s Layer-2 tech is turning heads in presale. Sniper bot-resistant and fast, LILPEPE is building a new memecoin standard. The crypto market has always rewarded underdogs. All eyes are shifting toward Little Pepe (LILPEPE) — a project many believe is…

Hyperliquid’s frontend crashed for half an hour, pausing all trading on the platform and shaking confidence in its token. Summary Hyperliquid DeFi exchange suffered downtime. The issue was related to its front-end connection. HYPE token was down 5% post-crash. In DeFi, decentralization only goes so far, especially when it comes to user-facing components. On Tuesday, July 29, between 14:20 and 14:47 UTC, Hyperliquid’s (HYPE) API crashed, disabling front ends and pausing trading. During that period, users could not open or close trades, enter or exit short positions, or withdraw their funds. Bad news: the Hyperliquid API is downGood news: Hyperliquid appears…

Queens Park Rangers is diving headfirst into asset tokenization, partnering with TokenFi in a sponsorship deal that could turn fan engagement into a tradable market. The EFL Championship club is testing whether blockchain can finally crack mainstream sports. Summary Queens Park Rangers partners with TokenFi in a pioneering move to tokenize fan engagement. The deal includes digital campaigns and explores giving fans ownership stakes in club assets. Future tie-ins with Floki and Valhalla hint at deeper blockchain integration in sports. In a press release dated July 29, Queens Park Rangers and TokenFi announced a multi-year sponsorship agreement that positions the…

S&P 500 and Nasdaq fell from record highs after the DOJ announced it would be going after tariff evaders. Summary Stocks fell on weak earnings. The labor market also weakened. Trump’s DOJ puts tariff evaders on notice. Major U.S. stock indices fell on weak labor market data and ongoing trade uncertainty. On Tuesday, July 29, the Dow Jones fell 130 points, or 0.29%, dragged down by weak performance from major healthcare firms. At the same time, the S&P 500 was down 0.11%, while the tech-heavy Nasdaq slipped 0.09%. Markets remain focused on earnings, with Boeing reporting stronger-than-expected results. However, streaming…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Shiba Inu and BONK holders pivot to XYZVerse as the next big crypto play with massive upside potential. Summary XYZVerse targets 50X gains as SHIB and BONK holders shift focus. With $15m raised, XYZ presale surges ahead of $0.1 listing target. XYZVerse blends meme hype with real utility in the sports space. As the crypto market evolves, a new player is drawing attention from seasoned investors. Amid a shift in investment trends, holders of Shiba Inu and BONK are…