Author: John Smith

SharpLink CEO Joseph Chalom has opposed an Ethereum proposal that could eventually eliminate issuance-based staking rewards, warning that the change may weaken ETH’s appeal to institutions and raise capital costs across decentralized finance. Summary SharpLink opposes tapered issuance burn, arguing that native yield helps distinguish Ethereum from Bitcoin. Validator issuance rewards would fall to zero near a 50% staking ratio under the proposal. SharpLink stakes nearly all its ETH and has earned more than 18,000 ETH in rewards. Chalom supports controlling issuance but wants Ethereum to rely on its existing base-fee burn. SharpLink challenges Ethereum staking proposal Chalom said the…

The CFTC has warned regulated prediction markets against displaying American-style gambling odds as state authorities intensify efforts to classify sports event contracts as unlicensed betting. Summary The CFTC told regulated prediction markets to avoid American-style odds in product displays. Platforms must comply with derivatives laws and avoid deceptive marketing or solicitation practices. New York is seeking at least $36 billion from Kalshi over alleged gambling violations. Kalshi has requested emergency protection from Utah enforcement while it pursues an appeal. CFTC warns prediction markets over odds displays The Commodity Futures Trading Commission instructed regulated prediction market platforms not to display contracts…

U.S. authorities sanctioned crypto exchanges Shelbit and Aban Tether after alleging that the platforms helped Iran evade restrictions and move funds connected to the Islamic Revolutionary Guard Corps. Summary OFAC sanctioned Shelbit, Aban Tether and Siavash Kayvanpour over alleged sanctions evasion. IRGC-linked wallets allegedly sent more than $1 million in crypto to Shelbit addresses. Shelbit addresses reportedly transferred over $2 million to wallets controlled by the IRGC. Kayvanpour-linked wallets allegedly sent more than $2 million to sanctioned exchange Nobitex. OFAC targets Shelbit and Aban Tether The U.S. Treasury Department’s Office of Foreign Assets Control announced the sanctions on Aug. 7…

SpaceX stock surged 14% on Friday after an analyst upgrade, softer U.S. jobs data, and limited insider selling eased pressure on the recently listed company. Summary SPCX climbed 14.09% to $131.06, extending its rebound from an August low near $105. Argus upgraded SpaceX to Buy and maintained a $160 price target. Up to 911.5 million insider shares became eligible for sale without triggering the feared sell-off. Weak U.S. payroll data reduced expectations for another short-term Federal Reserve rate hike. SpaceX stock jumps after Argus upgrade Space Exploration Technologies Corp. traded at $131.06 as of 3:26 p.m. EDT, up $16.14 for…

A crypto user claims he lost his life savings after a sponsored Google result impersonating Trezor directed him to a phishing website. Summary David said a sponsored Google result led him to a fake Trezor website. The phishing page was hosted on Google Sites and allegedly requested wallet recovery information. Trezor reported an increase in phishing websites appearing in sponsored search results. Similar Google ad campaigns were previously linked to more than $1 million in crypto losses. Trezor user reports losing his life savings A crypto user identified as David, who posts on X under the account @ReallyBadDay99, claimed on…

WhiteBIT has introduced Spot Grid and Martingale DCA bots for UK users, expanding automated trading within a market where retail access to crypto derivatives remains restricted. Summary Two automated spot trading bots are now available to WhiteBIT users in the UK. The Spot Grid Bot places orders across a selected range, while the DCA bot buys during declines. UK retail investors remain barred from buying crypto futures, options and contracts for difference. Coinbase and Robinhood have recently introduced broader AI-controlled trading systems in the United States. WhiteBIT adds Grid and DCA bots for UK traders WhiteBIT has made its Spot…

Cardano price traded near $0.20 on Aug. 7 after gaining more than 25% over the past week, with technical momentum and network updates supporting the recovery. Summary ADA gained more than 25% in seven days, briefly trading above $0.21. The 4-hour chart places immediate support at $0.195, followed by $0.184. A 3-day liquidation heatmap shows dense leveraged positions around $0.196–$0.198. Bulls must clear $0.207–$0.210 to extend the rally toward $0.22. Cardano price holds after its 25% rally According to data from crypto.news, Cardano (ADA) price was trading around $0.201 at the time of writing after reaching an intraday high near…

Bitcoin held near $64,206 on Aug. 7, according to crypto.news market data, slipping 0.5% over 24 hours and 0.6% over seven days.  Summary Bitcoin trades near $64K, down 0.5% daily, while four straight ETF inflow sessions support demand. U.S. spot Bitcoin ETFs attracted $137.6 million Thursday, lifting four-day net inflows to $763.6 million. Senate leaders delayed the CLARITY Act vote until September, removing an expected August regulatory catalyst. Bitcoin derivatives open interest is rebuilding, but remains below levels seen near October’s price peak. July employment data arrives Friday before inflation Wednesday, keeping Federal Reserve expectations central for markets. The asset…

XRP Ledger developers released xrpld version 3.3.0 on Aug. 6, moving several protocol changes closer to possible mainnet activation.  Summary XRPL 3.3.0 introduces protocol code, but validator approval remains necessary before any mainnet activation occurs. ConfidentialTransfer would shield MPT balances and transfer amounts while preserving compliance access for authorized parties. BatchV1_1 restores atomic transaction functionality after an earlier version was halted over a security flaw. Sponsor would let third parties cover fees and reserves while users retain full account control. DynamicMPT would let issuers modify selected token properties later, supporting evolving business and compliance needs. The official GitHub release confirms…

Sui has added two NIST-approved post-quantum signature schemes to its blockchain roadmap as it prepares optional quantum-safe accounts and vaults for future network upgrades. Summary Sui plans to add two NIST approved post quantum signature schemes for accounts and smart contract vaults. Existing recovery phrases and wallet addresses can be retained when users move to quantum safe authentication. Quantum safe vaults are targeted for mainnet this year, with native accounts planned for testnet by the end of 2026. ML DSA 65 and SLH DSA are designed to protect different types of assets using separate cryptographic approaches. The announcement follows similar…