The filing came precisely one year after Ripple had been ordered to pay $125 million as part of an enforcement action over the company using XRP as unregistered securities.
From teaching himself how to code to working odd jobs in the United States after emigrating, Roman Storm’s story is anything but typical.
The brothers invested an undisclosed amount in American Bitcoin, the mining company co-founded by two of Trump's sons and others.
The SEC staff guidance on liquid staking could be a boon for institutions that want to include the technology in products, but there’s still uncertainty.
President Donald Trump signed an executive order on Aug. 7 to halt what his administration called discriminatory banking practices against the crypto industry. The order bars federal regulators from using “reputational risk” as justification to influence banks’ decisions about working with legal businesses. According to the administration, the digital asset sector has been disproportionately affected […]
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On-chain data shows that the Bitcoin short-term holders have switched to loss-taking recently. Here’s what this could mean for the asset. Bitcoin Short-Term Holder SOPR Has Dropped Below 1.0 In a new post on X, the on-chain analysis platform Checkonchain has talked about how the behavior of the Bitcoin short-term holders has changed recently. The indicator shared by Checkonchain is the Spent Output Profit Ratio (SOPR), which tells us about whether the BTC investors are selling/moving their coins at a profit or loss. Related Reading: Dogecoin Whales Buy The Dip: $1 Billion DOGE Added When the value of the metric is greater than 1, it means the holders as a whole are participating in profit-taking. On the other hand, it being under the mark suggests the market is realizing a net loss. In the context of the current discussion, the SOPR of the entire network isn’t of interest, but rather that of only a specific part of it: the short-term holders (STHs). This cohort includes the holders who purchased their coins in the past 155 days. Statistically, the longer investors hold onto their coins, the less likely they are to sell them at any point. But since the STH group is made up of holders with a short holding time, conviction tends to be weak among its members, with panic selloffs often taking place. Recently, Bitcoin has seen a decline, so it would be expected that the STHs would have shown some kind of reaction. Below is the chart shared by the analytics firm, showing the nature of selling that the cohort has participated in. As is visible in the graph, the Bitcoin STH SOPR shot up to a notable level above 1 when the asset’s price set its all-time high (ATH), indicating that these fickle-minded hands took the opportunity of the rally to exit in profit. The profit-taking, however, declined in the consolidation phase that followed this peak, and the recent bearish price action has outright pushed the metric below 1. The indicator currently has a value of 0.99, which is still almost neutral, but it does show that some top buyers have started to capitulate. As Checkonchain explains, “many recent top buyers and ‘Weaker’ hands are selling around their buy-in price and saying ‘get me out.'” In the past, capitulation events from the Bitcoin STHs have often meant a flush of weak hands, facilitating bottom formations for the cryptocurrency. Sometimes these events can go on for a while before the market reaches a turnaround, as happened in the lead-up to the April low. Related Reading: Binance Inflows A Leading Indicator For Altcoins? Analyst Explains How But interestingly, the STH SOPR’s dip into the loss-taking zone in June was quite short-lived and led into a quick reversal for the asset. It now remains to be seen which trend will play out for BTC this time. BTC Price Bitcoin has shown some recovery during the past day as its price has jumped to $116,400. Featured image from Dall-E, charts.checkonchain.com, chart from TradingView.com
The shareholder letter by Two Seas Capital says the buyout offer undervalues Core Scientific's business.
The United States President Donald Trump has officially signed an Executive Order to allow 401(k) investors to diversify into various assets including crypto assets. According to the White House announcement, President Trump directed the Secretary of Labor to consider regulations that regard alternative asset investments to offer better returns. The order directed the Secretary of …
Chainlink has introduced the Chainlink Reserve, a new onchain treasury designed to accumulate its native token LINK using revenue from both enterprise clients and blockchain services. The initiative aims to support the long-term sustainability of the Chainlink Network by converting off-chain and on-chain payments into LINK through its recently expanded Payment Abstraction infrastructure. In its […]
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The order directs the Department of Labor to reevaluate how crypto should be treated by retirement fund managers.
Solana is seeing a sharp rise in institutional demand, with publicly traded companies now holding over $591 million worth of SOL. According to new data from CoinGecko, four firms—Upexi, DeFi Developments Corp, SOL Strategies, and Torrent Capital—have collectively acquired more than 3.5 million SOL, marking one of the strongest waves of corporate accumulation in the asset’s history. Solana Sees Massive Institutional Buying Spree Institutional appetite for Solana is accelerating at a pace not seen before, signaling a shift in market sentiment as major players seek exposure to SOL. A new report by CoinGecko reveals that four publicly listed companies have collectively acquired more than 3.5 million SOL, now valued at over $591 million. Related Reading: These Two Bearish Scenarios Put Solana Price At $162 After Fakeout Leading the pack is Upexi, a Solana treasury company. Since late April 2025, Upexi has acquired 1.9 million SOL at an average cost of $168.63 per token, investing approximately $320.4 million. According to CoinGecko, the company’s position is currently valued at $319.5 million, slightly down by $0.9 million. However, the entire amount is staked, earning an 8% annual yield as of June 30. Close behind is DeFi Developments Corp, an AI-powered online platform, with approximately 1,182,685 SOL in its treasury. The company has maintained an aggressive pace of accumulation, most recently adding 181,303 SOL on July 29 at an average price of $155.33 per token. CoinGecko reveals that DeFi Dev Corp acquired its total position at an average price of $137.07, making its holdings now worth $198.9 million, with an unrealised gain of $36.8 million. SOL Strategies, a Toronto-based investment firm, holds 392,667 SOL, acquired steadily from mid-2024 to July 2025. Purchased at an average price of $158.12, the company’s position is now worth $66 million, reflecting a $3.9 million gain. Finally, Torrent Capital, a publicly traded investment company, has acquired 40,039 SOL. CoinGecko notes that the firm bought its Solana holdings in 2025 at an average price of $161.84. Now valued at $6.7 million, this smaller but well-timed bet is sitting on a profit of approximately $0.2 million. Overall, these four companies control roughly 0.65% of Solana’s circulating supply and about 0.58% of its total supply. How Public Companies Are Buying SOL Moving forward, CoinGecko also reveals important details on how each company approaches its SOL allocation. While all four companies’ methods of accumulation differ, they share a growing confidence in Solana’s long-term prospects. Related Reading: Is An XRP ETF Next After The Solana ETF Launch? Experts Answer According to the report, Upexi moved quickly, building the largest SOL treasury within four months and signaling a high-conviction and long-term bet. DeFi Developments Corp has taken a more tactical approach, adding to its position during market dips while remaining committed to holding. On the other hand, SOL Strategies built its stake gradually over 13 months through dollar-cost averaging and staking rewards, reflecting a disciplined, long-term strategy. Lastly, Torrent Capital took on a more strategically timed move, securing gains ahead of Solana’s rally in 2025. Featured image from Adobe Stock, chart from Tradingview.com
The NFT market saw a remarkable resurgence in July, outpacing DeFi in terms of user activity, according to an Aug. 7 DappRadar report. The shift marks a significant milestone and could indicate that NFTs are once again capturing the public’s attention following significant lull that has lasted since their fall in the 2022 bear market. […]
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Federal Reserve Board of Governors member Adriana Kugler announced her resignation on Aug. 1, paving the way for a Trump nominee at the US central bank.
The United States President Donald Trump announced the nomination of Dr Stephen Moran, who has served as the Chairman of the Council of Economic Advisors, to serve as a board member for the Federal Reserve. Dr Moran will replace Adriana Kugler, who issued her resignation before the expected end of tenure in January 2026. President …
GPT-5 is here. OpenAI launched its most advanced language model Thursday. Here’s everything you need to know.
An executive order paving the way for crypto to be included in 401(k) plans is also helping boost prices on Thursday.
Avalanche (AVAX) is starting to flash signs of a potential trend reversal as a clear double bottom pattern forms on the weekly chart. With price action building strength, bulls now have their sights set on the next key Fibonacci resistance zone. Double Bottom Strengthens: Can Fibonacci Levels Hold? In a recent analysis of the weekly chart posted on X, The Boss, a market analyst, highlighted that Avalanche is currently establishing a solid technical foundation. He noted the emergence of a clear double bottom formation, often considered a reliable reversal signal when confirmed. Related Reading: AVAX Ready For Range Breakout – Bulls Eye $36 Price Target According to The Boss, if this bullish pattern continues to play out, traders should keep an eye on the resistance zones marked by yellow lines, which are based on Fibonacci retracement levels. The Boss emphasized that the most critical level to watch is the horizontal resistance represented by the green line. He explained that a strong weekly close above this area would likely act as a technical catalyst, potentially unlocking more upside for AVAX in the near term Charting Key Technical Indicators Sharing further technical breakdown, The Boss drew attention to several key indicators that signal growing bullish momentum for AVAX. One of the standout observations is the MACD on the weekly chart, which is on the verge of a bullish crossover—a classic signal that buying pressure is gaining strength. Related Reading: Avalanche Bulls Eye Breakout, But Mid-Term Caution Clouds The View The Boss also noted that the Relative Strength Index (RSI) is hovering around 55, just above the midpoint of the neutral zone. This positioning, coupled with its upward tilt, reflects a shift in momentum that favors the bulls. If the key indicator continues this upward trajectory, it could reinforce the developing bullish sentiment. Turning to the ADX, The Boss explained that while it remains below the 25 threshold—typically used to define a strong trend—it is showing gradual signs of strengthening. He suggested that a move above 25 would add weight to the bullish case by confirming the emergence of a more defined upward trend. Volume was another factor that The Boss highlighted in his analysis. He pointed out a steady increase in trading volume over recent weeks, which often signifies growing investor interest and confidence. In his view, this uptick supports the technical outlook and adds fuel to the potential breakout scenario. However, The Boss issued a note of caution despite the promising setup. He emphasized that crypto markets are inherently volatile, and for this bullish case to hold, price action must remain above key resistance zones. Traders, he advised, should watch closely for confirmation from indicators and weekly closes to validate the continuation of the trend. Featured image from Getty Images, chart from Tradingview.com
Bitcoin (BTC) price led the wider altcoin in a mild rebound on Thursday against the U.S. dollar. The flagship coin surged as much as 2% in the past 24 hours to reclaim a crucial support level above $116k during the mid-North American session. Ethereum (ETH) led the wider altcoin market in a mild rebound amid …
Union Jack Oil (UJO), a UK-listed oil and gas firm, is exploring a new path to monetize its gas resources by turning to Bitcoin mining, per an Aug. 7 statement. According to the firm, the move is focused on harnessing the natural gas from its West Newton site in East Yorkshire to generate electricity for […]
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Union Jack Oil’s new Bitcoin mining plan could turn stalled gas wells into early cash flow, potentially paving the way for one of the UK’s first corporate Bitcoin treasuries.
The rapid advancements in AI models like Grok could accelerate technological innovation, potentially reshaping industries and scientific research.
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MetaMask, one of the most widely used Web3 wallets with over 100 million users, has officially integrated the Sei Network, a Layer-1 blockchain known for its speed and scalability. This major update now allows users to access Sei’s decentralized applications (dApps), tokens, NFTs, and perform SEI transactions directly from MetaMask, without the need for third-party tools or bridges. Related Reading: Solana (SOL) Poised for Move – Can It Clear This Barrier? With this integration, the total number of supported blockchains in MetaMask rises to 11, further strengthening its position as a leading multi-chain wallet. A dedicated Sei section within the MetaMask Portfolio now offers users a smooth entry point to the network’s gaming, DeFi, and NFT ecosystem. Sei’s Ecosystem Growth Fuels Investor Optimism The timing of this integration couldn’t be better for the token. The network has recently achieved significant growth milestones: over 4.2 million daily transactions, a TVL surpassing $600 million, and 11 million monthly active users, all since launching its EVM-compatible chain less than a year ago. The tokenimproved accessibility through MetaMask is expected to attract more developers and users alike, expanding the reach of its high-performance blockchain infrastructure. According to Justin Barlow of the Sei Development Foundation, this marks a strategic leap toward making Sei the “best EVM ecosystem.” Market interest in the SEI token has already responded positively, with a 2.5% uptick post-announcement, and more upside could be in play. SEI's price trends to the upside on the daily chart. Source: SEIUSDT on Tradingview Bullish Indicators Suggest This Crypto Could Hit $0.50 Soon Several technical indicators are flashing green for the token. The Supertrend indicator has flipped bullish on the weekly chart, a signal previously followed by substantial price increases. Supporting metrics include: RSI (14): 51.3 — Neutral, room to climb Stochastic (9,6): 63.4 — Buy signal ADX (14): 28.9 — Strengthening trend Williams %R: -43.5 — Momentum building Crypto analyst @ali_charts predicts SEI could soon reach $0.54, citing strong chart structure and renewed investor confidence. With growing on-chain activity, seamless MetaMask access, and technical support, the SEI token appears poised for a breakout. Related Reading: US Delay On Bitcoin Audit Is A Bullish Red Flag, Says Strike CEO The MetaMask’s Sei integration is not just a win for convenience, it signals a bullish bet on the future of decentralized interoperability as Web3 shifts toward a multi-chain reality. Cover image from ChatGPT, SUIUSD chart from Tradingview
Built with Provenance Blockchain, NUVA offers institutional-grade tokenized assets like stablecoin securities and HELOCs.
Two Seas Capital has come out against Core Scientific's proposed all-stock acquisition by AI cloud provider CoreWeave.
SharpLink Gaming has raised $200 million from institutional investors in a direct stock offering to further fuel its Ethereum (ETH) buying spree and take its holdings beyond $2 billion. The funding round, expected to close Aug. 8, was priced at $19.50 per share and led by A.G.P./Alliance Global Partners. Societe Generale acted as co-placement agent, […]
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Trump’s executive order comes as a group of bank associations are trying to block bank applications from four digital asset firms.
GPT-5's advanced reasoning and adaptability could revolutionize AI applications, enhancing productivity and decision-making across industries.
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A new analysis by popular crypto chartist EGRAG CRYPTO on the social media platform X provides an in-depth look at five technical markets on XRP’s path forward. Notably, XRP’s price action has been experiencing a slight retracement and consolidation in early August following a rally in July during which XRP broke above $3 and reached new all-time highs. Key Things To Watch Out For With XRP’s Price Action Currently trading just around the $3.00 psychological level, XRP’s price action is witnessing volatile candles across shorter timeframes. However, according to the technical outlook from EGRAG CRYPTO, XRP bulls appear to be defending key zones around $2.90, amidst the broader market sentiment remaining cautiously optimistic. Related Reading: XRP Price Crash Could Deepen As Bearish Formations Gather The first key thing to watch out for is bullish closings above $3. Zooming into the 4-hour timeframe, EGRAG’s first key observation is that XRP has managed to close multiple candlesticks above the $3.00 threshold. This level is not only psychological but also a strong confidence booster for traders looking for confirmation of bullish continuation. Secondly, the charts show that most of the candle wicks are forming from the upside, a sign that while sellers are active, they have not overwhelmed the buying strength just yet. However, the third key thing to watch out for is a possible correction. Particularly, EGRAG noted that a retest of the $2.96 to $2.93 price zone is possible in the near term. This price range has been marked as a short-term support zone, where buyers could look to reload if XRP briefly dips. That being said, the more critical level for bulls to protect is $2.80, which is the fourth key thing to watch out for. According to the analyst, closing below $2.80 again would undermine the bullish structure and could cause downside momentum. As such, holding above this level is crucial for maintaining bullish momentum. Price Target Goals The fifth key thing to watch out for as the bull market unfolds is price targets that can confirm bullish momentum. In terms of price targets and resistances, EGRAG noted specific price levels that would reflect new bullish energy and possibly a breakout to new all-time highs. Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level The first milestone is a close above $3.185. This level previously acted as a rejection zone in late July. Therefore, breaching $3.185 with conviction would flip sentiment more decisively in favor of the bulls. Above that, the analyst highlighted $3.25 as the next key checkpoint, and surpassing it would put XRP in a strong technical position. The resistance targets beyond that are $3.33 and $3.45, and these are breakout zones that could cause a new all-time high scenario. These targets align with the upper resistance blocks illustrated on EGRAG’s charts, and any solid close above $3.45 can be interpreted as a move to at least $3.65. At the time of writing, XRP is trading at $3, up by 2.4% in the past 24 hours. Featured image from iStock, chart from Tradingview.com
President Donald Trump has picked crypto-friendly Stephen Miran to serve on the Federal Reserve Board of Governors.
The New York Department of Financial Services (NYDFS) has imposed a $48.5 million penalty on Paxos as part of its enforcement action against the stablecoin issuer, according to an Aug. 7 announcement. The settlement includes a $26.5 million civil monetary fine and mandates Paxos to spend an additional $22 million over three years to strengthen […]
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