Author: John Smith

President Donald Trump called on ExxonMobil and Chevron to cut US fuel prices after the oil majors earned roughly $26.5 billion combined during the second quarter. Summary ExxonMobil earned $14.5 billion, more than double its profit from the same quarter last year. Chevron posted $12.1 billion in earnings, nearly five times its year-ago result. Trump said the companies were making “too much money” from an oil shortage. US gasoline prices have risen more than 30% since the Iran war began. Trump demands lower fuel prices Trump criticized ExxonMobil and Chevron at the White House on Monday, arguing that supply pressure…

Kenya has anchored more than 15 million academic records to the Avalanche C-Chain as it replaces slow, paper-based certificate checks with a national electronic verification system. Summary Kenya has anchored over 15 million records dating to 1989 on Avalanche. Nearly 1 million 2025 KCSE certificates are available exclusively through the electronic platform. KNEC expects the system to eventually cover about 35 million verifiable records. The platform cuts some certificate checks from months to seconds, according to Ava Labs. Kenya moves academic verification onto Avalanche The Kenya National Examinations Council launched the system through a local technology provider, according to an…

Circle has acquired nearly 1,000 blockchain patents from IBM, giving the USDC issuer what it describes as the largest blockchain patent portfolio in the United States. Summary Circle acquired nearly 1,000 issued patents spanning more than 680 patent families. The portfolio covers blockchain, banking, insurance, cloud security, and enterprise infrastructure. Circle has not disclosed the purchase price or explained whether it could enforce the patents against competitors. CRCL initially gained about 2%, but later fell after Morgan Stanley cut its target to $38. Circle takes control of IBM’s blockchain portfolio Circle announced the acquisition on July 27, saying it had…

Bitmine Immersion Technologies added 10,399 ETH to its treasury and repurchased another 4.5 million shares, but BMNR stock fell toward $17 as investors weighed its mounting unrealized losses. Summary Bitmine acquired 10,399 ETH, lifting its holdings to 5,797,813 ETH. The company now controls about 4.8% of Ethereum’s total supply. Bitmine repurchased 4.5 million BMNR shares during its third consecutive week of buybacks. BMNR traded near $17.06, with technical indicators showing weak trend strength. Bitmine’s Ethereum holdings approach 5.8 million ETH Bitmine said it acquired another 10,399 ETH over the past week, continuing the accumulation strategy it adopted last year. The…

Solana price slipped below $73 on Aug. 3 as weak spot demand and sustained capital outflows raised the risk of a drop toward $70. Summary Solana price fell 1.47% to $72.55, placing the token near its daily lower Bollinger Band. The 4-hour chart shows SOL below all four tracked moving averages, with the 200-period SMA at $76.79. Chaikin Money Flow dropped to -0.17, indicating that selling pressure continued to outweigh buying demand. Liquidation liquidity is concentrated near $73.50–$74.50, making that zone the first major upside test. Solana price extends its decline below $73 According to data from crypto.news, Solana (SOL)…

Crypto and stock trading platform Robinhood has secured UK crypto registration ahead of the country’s new licensing framework. Summary Robinhood has secured FCA registration to offer cryptocurrency services in the United Kingdom. The approval comes before the UK’s new crypto regulatory framework begins rolling out in late 2027. Robinhood had previously said it planned to launch crypto services in the UK after reporting its second quarter results. The company joins more than 50 crypto firms already registered under the FCA’s anti money laundering regime. According to a recent announcement, Robinhood has received approval to offer cryptocurrency services in the United…

ZeroStack has warned its cash position may not support operations for another year. Summary ZeroStack has warned that substantial doubt exists about its ability to continue operating over the next year after reversing its earlier liquidity outlook. The company reported $2.6 million in cash while its 75.1 million 0G token treasury was valued about 91% below its acquisition cost as of June 30. ZeroStack said staking rewards and token sales remain its main funding sources, but management could not conclude those plans would remove the going concern risk. The latest filing comes months after CEO Daniel Reis Faria said regulatory…

Bitcoin traded near $62,747 early on Aug. 3 after reaching an intraday high of $63,697, as investors prepared for five major U.S. economic releases and several closely watched corporate earnings reports. Summary Bitcoin traded near $62,747 after briefly reaching $63,697 as Iran de-escalation produced only limited gains. Five major U.S. releases culminate Friday with July payrolls, shaping expectations for Federal Reserve policy. AMD, SpaceX and Sandisk report this week, adding corporate catalysts beside major U.S. labor releases. The week begins with the July ISM Manufacturing PMI on Monday. It ends with the official July employment report on Friday. Between those…

BitGo CEO Mike Belshe challenged Anthropic’s Claude models on Aug. 1 by publishing a Bitcoin address holding 100 BTC and inviting the AI system to move the funds.  Summary 100 BTC remained in the published address after Mike Belshe challenged Claude to move it. Three Claude models accessed real systems after evaluation environments mistakenly retained internet connectivity during tests. BitGo says its Bitcoin multisignature wallets require two of three keys to authorize transactions onchain. BitGo’s official website identifies Belshe as its co-founder and chief executive. Belshe framed the wager as a response to Anthropic’s July 30 disclosure that Claude models…

Minnesota’s prediction market ban remained blocked on Aug. 2, one day after the law was scheduled to take effect.  Summary July 27 injunction keeps Kalshi and Polymarket operating while Minnesota’s preemption case continues in court. Walz barred state employees from using confidential information to trade prediction markets for private benefit. Fairshake reported $126.97 million cash on hand through June, amplifying crypto’s broader election influence nationwide. U.S. District Judge Katherine Menendez granted a preliminary injunction on July 27 to the Commodity Futures Trading Commission, Kalshi and Polymarket US. The order prevents Minnesota from enforcing its new statute against CFTC-registered designated contract…