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Solana Backpack Exchange Faces Technical Glitch After Maintenance

Solana Backpack Exchange Faces Technical Glitch After Maintenance

July 4, 2025 No Comments

Backpack, a Solana-based cryptocurrency exchange, experienced significant technical issues following scheduled maintenance on July 3, 2025. The platform resumed trading with erroneous account balances and reversed orders, prompting CEO Armani Ferrante to acknowledge a “programming error” and pledge full user compensation . Key incident details: • Scheduled maintenance began at

Read More »
House GOP Designates Mid-July as "Crypto Week" for Key Legislation Push

House GOP Designates Mid-July as “Crypto Week” for Key Legislation Push

July 4, 2025 No Comments

House Republican leadership has announced plans to prioritize three major cryptocurrency bills during the week of July 14, dubbing the period “Crypto Week.” This concentrated legislative effort aims to advance President Trump digital asset agenda, focusing on stablecoin regulation, crypto market structure, and restrictions on central bank digital currencies (CBDCs)

Read More »
Nano Labs Doubles Down on BNB with $50 Million Treasury Move

Nano Labs Doubles Down on BNB with $50 Million Treasury Move

July 4, 2025 No Comments

Nasdaq-listed tech firm Nano Labs has acquired 74,315 Binance Coin (BNB) tokens for $50 million in an over-the-counter deal, expanding its cryptocurrency reserves to $160 million. The purchase, executed at an average price of $672.45 per token, signals a strategic pivot toward crypto asset accumulation amid declining hardware revenue .

Read More »
Bitcoin Mining Stocks Surge as Jobs Data Fuels Market Optimism

Bitcoin Mining Stocks Surge as Jobs Data Fuels Market Optimism

July 4, 2025 No Comments

Bitcoin mining stocks posted impressive gains this week, riding a wave of market optimism fueled by stronger-than-expected US jobs data. Companies like Riot Platforms (RIOT), Hive Digital (HIVE), Hut 8 (HUT), Marathon Digital (MARA), and Bitfarms (BITF) saw gains between 13% and 28% over four trading sessions . This rally

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Arthur Hayes Predicts Bitcoin Dip to $90K Amid U.S. Fiscal Shifts

Arthur Hayes Predicts Bitcoin Dip to $90K Amid U.S. Fiscal Shifts

July 3, 2025 No Comments

Bitcoin could retreat to $90,000 in the short term following the passage of President Trump’s “Big Beautiful Bill,” warns BitMEX co-founder Arthur Hayes. The legislation, set to be signed into law on July 4, enables tax cuts and debt-ceiling increases, potentially triggering U.S. Treasury borrowing that drains market liquidity. Hayes

Read More »
Coinbase $57M XRP Reshuffle: Internal Move Calms Market Jitters

Coinbase $57M XRP Reshuffle: Internal Move Calms Market Jitters

July 3, 2025 No Comments

A $57.8 million XRP transfer to Coinbase initially sparked sell-off fears on July 3, 2025, before blockchain analysts revealed it was an internal redistribution by the exchange. Whale Alert detected the 25.5 million XRP transfer from an unknown wallet to Coinbase, triggering concerns of whale dumping amid XRP’s price volatility.

Read More »
Senator Lummis Proposes Landmark Crypto Tax Relief Bill

Senator Lummis Proposes Landmark Crypto Tax Relief Bill

July 3, 2025 No Comments

Senator Cynthia Lummis (R-WY) has introduced standalone legislation to modernize U.S. crypto taxation, targeting everyday users and miners. The bill aims to eliminate reporting burdens for small transactions and resolve double taxation issues plaguing the industry. Key Provisions • $300 De Minimis Exemption: Capital gains tax waived for transactions under

Read More »

Bitcoin Nears Record High as Traders Pile Into Bearish Bets

July 3, 2025 No Comments

Bitcoin surge toward $110,000 has triggered a wave of bearish positioning despite its proximity to all-time highs. Traders are increasingly shorting BTC as technical indicators flash warning signs, creating potential for explosive volatility. Short Positions Surge Near Key Resistance • Bearish sentiment dominates: The long/short ratio flipped from 1.22 (bullish)

Read More »
Stablecoins: The Stealth Engine for U.S. Debt and Bitcoin Ascent

Stablecoins: The Stealth Engine for U.S. Debt and Bitcoin Ascent

July 3, 2025 No Comments

Arthur Hayes, former BitMEX CEO, argues that stablecoins are becoming a critical liquidity pipeline for U.S. Treasury debt markets while creating favorable conditions for Bitcoin. As the Treasury faces unprecedented bond issuance—over $5 trillion this year—traditional buyers like the Federal Reserve are constrained by inflation concerns. Hayes identifies bank-issued stablecoins

Read More »
Solana Backpack Exchange Faces Technical Glitch After Maintenance

Solana Backpack Exchange Faces Technical Glitch After Maintenance

July 4, 2025 No Comments

Backpack, a Solana-based cryptocurrency exchange, experienced significant technical issues following scheduled maintenance on July 3, 2025. The platform resumed trading with erroneous account balances and reversed orders, prompting CEO Armani Ferrante to acknowledge a “programming error” and pledge full user compensation . Key incident details: • Scheduled maintenance began at

Read More »
House GOP Designates Mid-July as "Crypto Week" for Key Legislation Push

House GOP Designates Mid-July as “Crypto Week” for Key Legislation Push

July 4, 2025 No Comments

House Republican leadership has announced plans to prioritize three major cryptocurrency bills during the week of July 14, dubbing the period “Crypto Week.” This concentrated legislative effort aims to advance President Trump digital asset agenda, focusing on stablecoin regulation, crypto market structure, and restrictions on central bank digital currencies (CBDCs)

Read More »
Nano Labs Doubles Down on BNB with $50 Million Treasury Move

Nano Labs Doubles Down on BNB with $50 Million Treasury Move

July 4, 2025 No Comments

Nasdaq-listed tech firm Nano Labs has acquired 74,315 Binance Coin (BNB) tokens for $50 million in an over-the-counter deal, expanding its cryptocurrency reserves to $160 million. The purchase, executed at an average price of $672.45 per token, signals a strategic pivot toward crypto asset accumulation amid declining hardware revenue .

Read More »
Bitcoin Mining Stocks Surge as Jobs Data Fuels Market Optimism

Bitcoin Mining Stocks Surge as Jobs Data Fuels Market Optimism

July 4, 2025 No Comments

Bitcoin mining stocks posted impressive gains this week, riding a wave of market optimism fueled by stronger-than-expected US jobs data. Companies like Riot Platforms (RIOT), Hive Digital (HIVE), Hut 8 (HUT), Marathon Digital (MARA), and Bitfarms (BITF) saw gains between 13% and 28% over four trading sessions . This rally

Read More »
Arthur Hayes Predicts Bitcoin Dip to $90K Amid U.S. Fiscal Shifts

Arthur Hayes Predicts Bitcoin Dip to $90K Amid U.S. Fiscal Shifts

July 3, 2025 No Comments

Bitcoin could retreat to $90,000 in the short term following the passage of President Trump’s “Big Beautiful Bill,” warns BitMEX co-founder Arthur Hayes. The legislation, set to be signed into law on July 4, enables tax cuts and debt-ceiling increases, potentially triggering U.S. Treasury borrowing that drains market liquidity. Hayes

Read More »
Coinbase $57M XRP Reshuffle: Internal Move Calms Market Jitters

Coinbase $57M XRP Reshuffle: Internal Move Calms Market Jitters

July 3, 2025 No Comments

A $57.8 million XRP transfer to Coinbase initially sparked sell-off fears on July 3, 2025, before blockchain analysts revealed it was an internal redistribution by the exchange. Whale Alert detected the 25.5 million XRP transfer from an unknown wallet to Coinbase, triggering concerns of whale dumping amid XRP’s price volatility.

Read More »
Senator Lummis Proposes Landmark Crypto Tax Relief Bill

Senator Lummis Proposes Landmark Crypto Tax Relief Bill

July 3, 2025 No Comments

Senator Cynthia Lummis (R-WY) has introduced standalone legislation to modernize U.S. crypto taxation, targeting everyday users and miners. The bill aims to eliminate reporting burdens for small transactions and resolve double taxation issues plaguing the industry. Key Provisions • $300 De Minimis Exemption: Capital gains tax waived for transactions under

Read More »

Bitcoin Nears Record High as Traders Pile Into Bearish Bets

July 3, 2025 No Comments

Bitcoin surge toward $110,000 has triggered a wave of bearish positioning despite its proximity to all-time highs. Traders are increasingly shorting BTC as technical indicators flash warning signs, creating potential for explosive volatility. Short Positions Surge Near Key Resistance • Bearish sentiment dominates: The long/short ratio flipped from 1.22 (bullish)

Read More »
Stablecoins: The Stealth Engine for U.S. Debt and Bitcoin Ascent

Stablecoins: The Stealth Engine for U.S. Debt and Bitcoin Ascent

July 3, 2025 No Comments

Arthur Hayes, former BitMEX CEO, argues that stablecoins are becoming a critical liquidity pipeline for U.S. Treasury debt markets while creating favorable conditions for Bitcoin. As the Treasury faces unprecedented bond issuance—over $5 trillion this year—traditional buyers like the Federal Reserve are constrained by inflation concerns. Hayes identifies bank-issued stablecoins

Read More »

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