Author: John Smith

Movement Labs has filed for Chapter 11 bankruptcy with no more than $500,000 in assets and liabilities that could reach $10 million following more than a year of turmoil around the MOVE token. Summary Movement Labs filed for Chapter 11 with up to $10 million in liabilities. Rushi Manche holds its largest unsecured claim, worth more than $1.6 million. Move Industries says its operations and Movement blockchain development remain unaffected. Court records show that MVMT Labs submitted its petition on July 15 in the U.S. Bankruptcy Court for the District of Delaware. The original developer of the Movement blockchain listed…

Bitcoin price has retreated from nearly $67,000 after escalating U.S.-Iran hostilities pushed oil prices higher and tempered optimism created by progress on the CLARITY Act. Summary Bitcoin pulled back after briefly touching $66,965 as sellers defended the $67,000 resistance level. CLARITY Act progress, ETF inflows and short liquidations fueled BTC’s rapid advance. Rising oil prices and the U.S.-Iran conflict threaten a sustained breakout toward $70,000. According to data from crypto.news, Bitcoin (BTC) price rose from an intraday low of $65,149 to $66,965 on July 21 before sellers forced the price back to about $66,440. The asset remained up 1.8% on…

MEXC has opened Bittensor’s TAO staking to its reported 40 million users through validator Yuma, adding exchange-based access to rewards from one of the largest decentralized artificial intelligence networks. Summary MEXC has launched TAO staking for its reported 40 million users through Yuma. Yuma will provide the validator infrastructure and manage staking allocations across Bittensor. The launch follows Yuma’s criticism of Bittensor’s proposed Root Reborn governance overhaul. Yuma announced on Tuesday that its validator infrastructure now powers TAO staking on MEXC, allowing the exchange’s customers to delegate the token without moving their holdings to a separate Bittensor-compatible wallet. Bittensor $TAO…

Senate negotiations over the CLARITY Act have produced new customer safeguards and an ethics agreement, raising Polymarket’s odds of enactment this year to 43% as lawmakers pursue a bipartisan floor vote. Summary John Thune sees a good chance of reaching a bipartisan CLARITY Act agreement. Democrats secured stronger customer protections, while lawmakers agreed on ethics provisions. Polymarket traders place the bill’s chance of becoming law in 2026 at 43%. CNBC reported that Democratic senators secured additional customer protection measures during negotiations over the Digital Asset Market Clarity Act, although unresolved details have continued to delay the release of the Senate’s…

Bitget has integrated Siebly.io software development kits covering two API systems and multiple trading products as the exchange seeks to reduce the work required to build crypto applications. Summary Bitget has added Siebly SDKs for its V3 Unified Account and V2 Classic APIs. Developers can build spot, futures, copy-trading and market-data applications with less integration work. The partnership supports Bitget’s strategy of connecting crypto, tokenized equities and real U.S. stocks. According to Bitget, the developer platform now provides SDKs for its V3 Unified Trading Account API and V2 Classic API. The software gives JavaScript and TypeScript developers ready-made access to…

Cardano price has surged 9.3% to an intraday high of $0.176 after the Van Rossem hard fork activated Protocol Version 11, while improving risk appetite and whale accumulation have supported bullish sentiment. Summary Cardano price surged 9.3% after the Van Rossem hard fork activated Protocol Version 11. A 4-hour rounding bottom places $0.20 within reach if ADA clears $0.18 resistance. Whale accumulation supports the recovery, but weak DeFi activity and geopolitical risks remain. According to data from crypto.news, Cardano (ADA) price traded near $0.1745 at press time on July 21 after briefly giving back part of the advance. The token…

In one hemisphere, Bitcoin miners are signing $6.6 billion leases with tech giants. In the other, police are crushing their machines with steamrollers. The same hardware, the same algorithm, the same electricity hunger, and two opposite fates decided by one variable: the price of power. Summary Malaysian authorities have seized 75,578 crypto mining machines in 3,049 raids between 2022 and May 2026, with 629 arrests, the deputy home minister told parliament, in a campaign run with police and the national utility. The target is not crypto but electricity theft: miners bypassing meters and tapping power lines, with losses the energy…

CoinShares has entered Europe’s €26.3 trillion UCITS fund market with the launch of a regulated Bitcoin mining ETF, opening its digital asset strategies to institutional investors whose mandates previously restricted access to its products. Summary CoinShares has launched a UCITS platform with a Bitcoin mining ETF listed on Deutsche Börse Xetra. The new structure opens access to pension funds, insurers, and private banks restricted by existing investment mandates. CoinShares said it plans to use the UCITS platform to launch more regulated digital asset investment funds. Digital asset investment firm CoinShares announced on Tuesday that it has launched a UCITS platform…

South Korea’s first CBDC pilot has been conducted without any independent government security inspection, with participating banks relying mainly on their own pre-launch reviews before testing began. Summary South Korea’s first CBDC pilot proceeded without an independent government security inspection, with pre launch reviews relying partly on participating banks. Documents submitted by the Financial Supervisory Service show no separate security audit was conducted during or after the Bank of Korea’s pilot. The findings come as South Korea continues expanding work on CBDCs, deposit tokens and won backed stablecoins under its digital asset roadmap. South Korean newspaper Maeil Business, citing data…

Ripple CTO Emeritus David Schwartz has admitted that he regrets selling some of his early XRP and Ethereum holdings, while explaining that risk management drove the decisions rather than a loss of confidence in cryptocurrency. Summary David Schwartz says risk aversion drove early XRP and Ethereum sales despite later price gains. Schwartz followed a family agreement to sell at new highs, reducing long-term crypto exposure substantially. The XRP Ledger co-creator once held about 26 million XRP before steadily cutting holdings down. Schwartz addressed the sales in a July 20 post on X after another user raised his history of selling…